Munjal Auto Industries Limited (MUNJALAU) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Munjal Auto Industries Limited ₹72.00, price ₹104, upside -30.8%, quality 49 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Munjal Auto Industries Limited for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 2, 2026.
How to read this chart
60‑month range ₹33.36 – ₹141.54 · fair‑value band ₹51.26 – ₹96.80 · the ₹104.07 price screens above the ₹72.00 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 2, 2026.
Follow Munjal Auto Industries in your weekly email
Every Wednesday you see whether Munjal Auto Industries is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Munjal Auto Industries Limited manufactures and sells auto components for motor vehicles in India. It operates through Auto Components and Composite Products & Moulds segments.
Show more
Munjal Auto Industries Limited manufactures and sells auto components for motor vehicles in India. It operates through Auto Components and Composite Products & Moulds segments. The company offers cross bars, exhaust systems, steel and spoke wheel rim, and accessories; and complete assembly including BIW parts, B&C pillars, cross car beam, battery tray, control arm, and tie end bars, as well as accelerator, brake, and clutch assemblies. It also provides fuel tank and BIW assemblies; and sheet metal components, such as mild and stainless steel parts, welded and tri-nickel chrome plated components, liquid painted oven baked and heat resistant painted parts, tubular components, and roll formed parts. Munjal Auto Industries Limited was incorporated in 1985 and is based in Gurugram, India. Munjal Auto Industries Limited is a subsidiary of Thakurdevi Investments Private Limited.
Stock analysis
Munjal Auto Industries Limited (MUNJALAU) currently trades at ₹104.07, while our model-based Fair Value estimate is ₹72.00, 30.8% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the DCF Models group reads highest at a median of ₹82.75 per share, and 3 of the 17 models we run sit above the ₹104.07 price.
Bear case: the Dividend Discount group reads lowest at ₹11.07, and 14 of the 17 models stay below the price. Evidence for this calculation is high.
Scenario range: ₹51.26 (bear) to ₹96.80 (bull), the price of ₹104.07 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 49/100 (below-average quality), in the Consumer Cyclical sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Munjal Auto Industries Limited reported revenue of ₹23.0B in FY2026 versus ₹19.2B in FY2022, a compound +4.6%/yr. Reported net income was ₹402M in FY2026, compounding +10.7%/yr from FY2022.
Key figures
Market cap ₹10.4B (≈ $108M) · P/E ratio 20.7 · P/S ratio 0.36 · EPS (TTM) ₹5.02 · Dividend yield 1.0% · Net margin 1.8% · Return on equity 10.3% · Return on assets (EBIT) 4.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 14% below its 52-week high and 54% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −32% fair-value upside, at −31%, MUNJALAU screens cheaper than that median.
Fair Value models
Bear ₹51.26Fair Value ₹72.00Bull ₹96.80
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹2.04 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.29/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+11.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+1.6%
Start year 2021 (pandemic). Over 10 years: +10.0% a year
Revenue growth 21 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+11.2%
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
’26
What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+15.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+14.3%
Dividend (yield on the price)1.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.14.3% vs 2.4%, picking up
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.2% → 3%
Compare Munjal Auto Industries Limited with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Auto Parts · 676 stocks
Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score48 · Below median
Fair Value upside−30.8% · Below median
Profitability
Return on equity (TTM)10.3% · Above median
Return on assets2.9% · Below median
Net margin (TTM)1.8% · Below median
Operating margin (TTM)0.1% · Bottom 25%
Growth and dividend
Revenue growth20.0% · Top 25%
Dividend yield (TTM)1.0% · Below median
Balance sheet
Debt / equity0.11× · Above median
Valuation Multiplesvs Auto Parts median · lower = cheaper
P/E (TTM)20.7× · Cheaper than median
P/B2.33× · Pricier than median
P/S (TTM)0.45× · Cheaper than median
EV/EBITDA8.4× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 26
FUTURE (revenue growth)100· sector 26
PAST (return on equity)41· sector 29
HEALTH (low debt)95· sector 95
DIVIDEND (yield)19· sector 38
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Munjal Auto Industries Limited Fair Value". https://www.fairvalue-calculator.com/stock/MUNJALAU
Frequently asked questions
Is Munjal Auto Industries Limited (MUNJALAU) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of ₹72.00 versus a price of ₹104.07, about −31% upside (overvalued).
What is the fair value of MUNJALAU?
Our model-based fair value for Munjal Auto Industries Limited is ₹72.00 (as of Oct 2, 2026), built from audited fundamentals. The current price: ₹104.07.
What is the quality score of MUNJALAU?
Munjal Auto Industries Limited has a Quality Score of 49/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Munjal Auto Industries Limited (MUNJALAU)?
Our model-based price target is the fair value of ₹72.00 (as of Oct 2, 2026) from 17 valuation models. Cautious scenario ₹51.26, optimistic scenario ₹96.80. It is a calculation from audited fundamentals, not an analyst target.
What is the Munjal Auto Industries Limited stock forecast for 2026?
Our models put fair value at ₹72.00, about −31% upside versus a price of ₹104.07 (overvalued). Cautious scenario ₹51.26, optimistic scenario ₹96.80. The calculation is refreshed regularly with new filings.
What is the revenue of Munjal Auto Industries Limited (MUNJALAU)?
Munjal Auto Industries Limited reported trailing-twelve-month revenue of about ₹25.0B (latest available figure, as of Oct 2, 2026).
Does Munjal Auto Industries Limited pay a dividend?
Munjal Auto Industries Limited currently shows a dividend yield of about 0.96% relative to its recent price (as of Oct 2, 2026).
What is the intrinsic value of Munjal Auto Industries Limited (MUNJALAU)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Munjal Auto Industries Limited it is ₹72.00 per share (as of Oct 2, 2026), against a price of ₹104.07. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is Munjal Auto Industries Limited stock overvalued or undervalued in 2026?
As of Oct 2, 2026, MUNJALAU trades above its calculated fair value: price ₹104.07, fair value ₹72.00, a gap of about −31% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of MUNJALAU?
No. The price is what the market pays today (₹104.07); the fair value is what the company's own numbers justify (₹72.00). For Munjal Auto Industries Limited the two are ₹32.07 per share apart. That gap is exactly why we show both numbers side by side.
How much is Munjal Auto Industries Limited worth?
The market values Munjal Auto Industries Limited at about ₹10.4B (market capitalisation, as of Oct 2, 2026). Per share that is ₹104.07; our models calculate a fair value of ₹72.00 per share.
What do the bullish and bearish scenarios say about MUNJALAU?
Our models span a range for Munjal Auto Industries Limited: cautious scenario ₹51.26, base ₹72.00, optimistic ₹96.80 per share (as of Oct 2, 2026, price ₹104.07). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MUNJALAU?
Munjal Auto Industries Limited trades at a price-to-earnings ratio of 20.7 (as of Oct 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹72.00 is built from several models across several years. Other multiples: P/B 2.3, P/S 0.5, EV/EBITDA 8.4.
How solid is the balance sheet of Munjal Auto Industries Limited (MUNJALAU)?
Balance-sheet figures for Munjal Auto Industries Limited (as of Oct 2, 2026): return on equity 10.3%, debt of 0.11 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is MUNJALAU from its 52-week high?
Munjal Auto Industries Limited trades at ₹104.07, about 14% below its 52-week high of ₹120.53 and 54% above the low of ₹67.78 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹72.00 is for.
Which stocks are comparable to Munjal Auto Industries Limited?
From the same area (Consumer Cyclical) we also value O'Reilly Automotive, Inc, AutoZone, Inc, Hyundai Mobis Co, Fuyao Glass Industry Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Munjal Auto Industries Limited stock attractive at the current price?
The data as of Oct 2, 2026: price ₹104.07, calculated fair value ₹72.00 (−31%), Quality Score 49/100, from 17 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of MUNJALAU calculated?
We run Munjal Auto Industries Limited through 17 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹72.00, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Munjal Auto Industries Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Munjal Auto Industries Limited (MUNJALAU)?
The closing price on Oct 1, 2026 was ₹104.07. Our model-based fair value is ₹72.00, about −31% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Munjal Auto Industries Limited right now?
The price sits above even our optimistic bull case (₹96.80). The favourable scenario is already priced in. Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (₹51.26 to ₹96.80) leaves room in how you read the outcome.
Where does the earnings growth of Munjal Auto Industries Limited (MUNJALAU) come from?
Earnings per share at Munjal Auto Industries Limited grew +2.8 % a year from 2015 to 2026. Broken into its drivers: revenue per share +10.1 %, EBIT margin −4.0 %, tax rate −1.1 %, residual (interest, one-offs) −1.7 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Munjal Auto Industries Limited
How large is the market capitalisation of Munjal Auto Industries Limited (MUNJALAU)?
The market capitalisation of Munjal Auto Industries Limited is ₹10.4B (≈ $108M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Munjal Auto Industries Limited (MUNJALAU)?
The price-to-sales ratio of Munjal Auto Industries Limited is 0.36 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Munjal Auto Industries Limited (MUNJALAU)?
Earnings per share at Munjal Auto Industries Limited are ₹5.02 (price ÷ EPS = P/E 20.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Munjal Auto Industries Limited (MUNJALAU)?
The dividend yield of Munjal Auto Industries Limited is 1.0% (payout 19.9%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Munjal Auto Industries Limited (MUNJALAU)?
The net margin of Munjal Auto Industries Limited is 1.8% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Munjal Auto Industries Limited (MUNJALAU)?
The return on equity (ROE) of Munjal Auto Industries Limited is 10.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Munjal Auto Industries Limited (MUNJALAU)?
On an EBIT basis the return on assets of Munjal Auto Industries Limited is 4.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Munjal Auto Industries Limited (MUNJALAU)?
The operating margin of Munjal Auto Industries Limited is 3.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Munjal Auto Industries Limited (MUNJALAU)?
Revenue at Munjal Auto Industries Limited is growing +42.4% versus a year earlier (3y avg +5.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Munjal Auto Industries Limited (MUNJALAU)?
Earnings per share at Munjal Auto Industries Limited are growing +63.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Munjal Auto Industries Limited (MUNJALAU) generate?
The free cash flow of Munjal Auto Industries Limited is −₹396M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Munjal Auto Industries Limited (MUNJALAU) carry?
The net debt of Munjal Auto Industries Limited is ₹4.0B (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Munjal Auto Industries Limited in the live analysis
One click puts Munjal Auto Industries Limited on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
