---
title: "Menon Pistons Ltd (MENNPIS) — Share Price, Financials & Analysis"
symbol: "531727"
company: "Menon Pistons Ltd"
canonical: "https://tapetide.com/stocks/531727"
isin: "INE650G01029"
nse_symbol: "MENNPIS"
bse_code: "531727"
sector: "Automobiles"
industry: "Auto Components"
market_cap_cr: 338.69
generated_at: "2026-10-15T11:51:40.165Z"
---

# Menon Pistons Ltd (MENNPIS)

Canonical page: https://tapetide.com/stocks/531727

## Company

- **NSE Symbol:** MENNPIS
- **BSE Code:** 531727
- **ISIN:** INE650G01029
- **Sector:** Automobiles
- **Industry:** Auto Components
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2026-04-20
- **Face Value:** ₹1
- **F&O Eligible:** No
- **Website:** menonindia.in

## About

Incorporated in 1971, Menon Pistons Ltd manufactures Pistons & Pins for Diesel Engines, Cars, LCVs / HCVs[1]

## Latest Price

- **Price:** ₹66.41
- **Change:** -0.47 (-0.7%)
- **Open:** ₹66.94
- **Day High:** ₹67.67
- **Day Low:** ₹66
- **Previous Close:** ₹66.88
- **Volume:** 12036
- **As Of:** 2026-10-15T10:01:49+00:00

## Key Fundamentals

Price-based figures as of 2026-10-15T15:31:49+05:30.

Observed at 2026-10-15T04:57:23.449150Z.

- **Market Cap:** ₹338.69 Cr
- **Classification:** Microcap
- **P/E (TTM):** 13.02
- **EPS (TTM):** ₹5.1
- **Book Value:** ₹34.85
- **Price to Book:** 1.91
- **Dividend Yield:** 1.5%
- **ROE:** 14.39%
- **ROCE:** 20.55%
- **Debt to Equity:** 0.03
- **Revenue (yearly):** ₹307.4 Cr
- **Net Income:** ₹25.6 Cr
- **EBITDA:** ₹50.2 Cr
- **52-Week High:** ₹85.8
- **52-Week Low:** ₹46.16
- **RSI (14):** 35.84

## Tapetide Score

- **Score:** 61 / 100
- **Score date:** 2026-10-14
- **Archetype:** Quality at a Reasonable Price
- **What it means:** Financial strength is not being paid for with a demanding multiple. The question worth asking is whether the quality is durable or reflects a good patch — check the consistency of returns over several years rather than the latest quarter.
- **Pillar profile:** Quality: Good · Valuation: Cheap · Momentum: Rising
- **Percentile:** 90.4 (of 4490 scored stocks)
- **Confidence:** 98%
- **Data coverage:** 95%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 86.34 | 9% |
| growth | 64.24 | 9% |
| momentum | 79.38 | 12% |
| ownership | 50 | 24% |
| quality | 76.11 | 22% |
| valuation | 61.81 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 20.2%
- Debtor days have improved from 76.1 to 54.5 days.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 31.11% | 129.42% | — |
| ebitda margin growth | 56.84% | -10.52% | -9.08% | -0.24% |
| net income growth | 86.36% | 7.56% | 7% | 36.17% |
| revenue growth | 12.48% | 20.36% | 7% | 7.63% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 64.4 | 59.22 | 60.74 | 69.4 | 65.39 | 63.11 | 55.76 | 80.29 | 74.54 | 76.1 | 73.22 | 83.26 |
| Expenses | 52.33 | 49.23 | 49.47 | 56.2 | 53.49 | 52.58 | 46.49 | 66.77 | 61.94 | 63.56 | 64.91 | 68.85 |
| Operating Profit | 12.07 | 9.99 | 11.27 | 13.2 | 11.9 | 10.53 | 9.27 | 13.52 | 12.6 | 12.54 | 8.31 | 14.41 |
| OPM % | 18.74 | 16.87 | 18.55 | 19.02 | 18.2 | 16.69 | 16.62 | 16.84 | 16.9 | 16.48 | 11.35 | 17.31 |
| Other Income | 0.36 | 0.15 | 0.2 | 0.15 | 0.35 | 0.92 | 0.3 | 0.68 | 0.77 | 0.27 | 1.21 | 0.54 |
| Interest | 0.56 | 0.62 | 1.22 | 1.11 | 0.91 | 1.08 | 1.08 | 1.04 | 0.98 | 0.78 | 0.79 | 0.73 |
| Depreciation | 2.43 | 2.42 | 2.56 | 2.8 | 2.28 | 2.67 | 2.88 | 2.72 | 2.84 | 2.96 | 3.31 | 3.33 |
| Profit before tax | 9.44 | 7.1 | 7.69 | 9.44 | 9.06 | 7.7 | 5.61 | 10.44 | 9.55 | 9.07 | 5.42 | 10.89 |
| Tax % | 24.58 | 38.59 | 5.98 | 25.21 | 25.94 | 24.42 | 24.24 | 25.67 | 27.23 | 29.22 | 18.08 | 24.43 |
| Net Profit | 7.12 | 4.35 | 7.24 | 7.07 | 6.71 | 5.82 | 4.25 | 7.77 | 6.95 | 6.43 | 4.44 | 8.23 |
| EPS in Rs | 1.4 | 0.85 | 1.42 | 1.39 | 1.32 | 1.14 | 0.83 | 1.52 | 1.36 | 1.26 | 0.87 | 1.61 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 212 | 251 | 256 | 254 | 304 | 307 |
| Expenses | 178 | 207 | 210 | 209 | 257 | 259 |
| Operating Profit | 35 | 44 | 45 | 45 | 47 | 48 |
| OPM % | 16 | 17 | 18 | 18 | 15 | 16 |
| Other Income | 0 | 4 | 1 | 2 | 3 | 3 |
| Interest | 1 | 3 | 2 | 4 | 4 | 3 |
| Depreciation | 7 | 10 | 10 | 11 | 12 | 12 |
| Profit before tax | 26 | 35 | 35 | 32 | 34 | 35 |
| Tax % | 29 | 34 | 23 | 25 | 26 | — |
| Net Profit | 19 | 23 | 26 | 24 | 26 | 26 |
| EPS in Rs | 3.69 | 4.58 | 5.19 | 4.68 | 5.02 | 5.1 |
| Dividend Payout % | 20 | 22 | 19 | 21 | 20 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Equity Capital | 5 | 5 | 5 | 5 | 5 |
| Reserves | 92 | 113 | 134 | 152 | 173 |
| Borrowings | 30 | 12 | 21 | 17 | 5 |
| Other Liabilities | 31 | 45 | 43 | 40 | 47 |
| Total Liabilities | 158 | 174 | 202 | 214 | 230 |
| Fixed Assets | 50 | 62 | 90 | 91 | 114 |
| CWIP | 1 | 0 | 0 | 0 | 4 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 107 | 112 | 112 | 122 | 112 |
| Total Assets | 158 | 174 | 202 | 214 | 230 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 1 | 49 | 22 | 39 | 51 |
| Cash from Investing Activity | -26 | -24 | -22 | -25 | -30 |
| Cash from Financing Activity | 13 | -25 | 2 | -14 | -21 |
| Net Cash Flow | -12 | -1 | 2 | 0 | 0 |
| Free Cash Flow | -25 | 43 | -7 | 21 | 19 |
| CFO/OP | 27 | 137 | 65 | 100 | 126 |

### Ratios

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Debtor Days | 102 | 80 | 94 | 79 | 54 |
| Inventory Days | 110 | 87 | 94 | 123 | 96 |
| Days Payable | 83 | 53 | 74 | 95 | 80 |
| Cash Conversion Cycle | 129 | 114 | 114 | 108 | 71 |
| Working Capital Days | 90 | 61 | 67 | 79 | 54 |
| ROCE % | — | 27 | 25 | 22 | 22 |

## Shareholding Pattern

### Quarterly

| Category | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 74.37% | 74.37% | 74.37% | 74.37% | 74.37% | 74.37% | 74.37% | 74.37% | 74.37% | 74.37% | 74.37% | 74.37% |
| FIIs | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% | 0.03% | 0.03% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0.02% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.03% | 0.03% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 22.41% | 22.86% | 22.79% | 22.74% | 22.62% | 22.9% | 22.89% | 22.9% | 22.86% | 22.87% | 22.93% | 22.66% |
| Others | 3.17% | 2.73% | 2.81% | 2.86% | 2.98% | 2.7% | 2.71% | 2.73% | 2.77% | 2.76% | 2.67% | 2.94% |
| No. of Shareholders | 22366 | 32590 | 31413 | 30510 | 30073 | 29646 | 29146 | 28658 | 27806 | 27490 | 27294 | 26900 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 4 / 5 / 10

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 69.42 | Sell |
| EMA (10) | 69.01 | Sell |
| SMA (20) | 71.29 | Sell |
| EMA (20) | 70.75 | Sell |
| SMA (50) | 73.11 | Sell |
| EMA (50) | 71.63 | Sell |
| SMA (100) | 69.19 | Sell |
| EMA (100) | 69.42 | Sell |
| SMA (200) | 63.37 | Buy |
| EMA (200) | 66.03 | Buy |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 35.85 | Neutral |
| MACD (12,26,9) | -1.85 | Sell |
| Stochastic (14,3,3) | 14.59 | Buy |
| ADX (14) | 23.67 | Neutral |
| Williams %R (14) | -79.54 | Neutral |
| ATR (14) | 2.76 | High Volatility |
| ROC (12) | -6.32 | Sell |
| Stoch RSI (14) | 19.65 | Buy |
| UO (7,14,28) | 42.15 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-04-29 | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b7683659-8f76-4d28-be3c-8b320e8ffe7d.pdf) |
| 2026-04-29 | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A](https://www.bseindia.com/xml-data/corpfiling/AttachLive/b7683659-8f76-4d28-be3c-8b320e8ffe7d.pdf) |
| 2026-04-15 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6f4619f0-d73c-4a77-9b01-fedc6210eaf2.pdf) |
| 2026-04-01 | [Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1b0082ab-aa31-4c4f-a068-60f3f494d7e2.pdf) |
| 2026-03-25 | [Closure of Trading Window](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d4ea310d-b832-4d49-8f86-6f883357cdf8.pdf) |
| 2026-03-23 | [Shareholder Meeting / Postal Ballot-Scrutinizer"s Report](https://www.bseindia.com/xml-data/corpfiling/AttachHis/78960c30-b4e5-4eb6-81c5-1af29a8aad76.pdf) |
| 2026-03-23 | [Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c7c50d03-d540-4857-a1e9-5d8c1260e25a.pdf) |
| 2026-03-23 | [Announcement under Regulation 30 (LODR)-Change in Directorate](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ad04c529-8df5-4f9e-8cad-f60db37d715a.pdf) |
| 2026-03-10 | [Announcement under Regulation 30 (LODR)-Change in Directorate](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b1212624-cd40-4989-b9ed-3cf399c73334.pdf) |
| 2026-03-09 | [Announcement under Regulation 30 (LODR)-Change in Directorate](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f13dab4a-27e9-4f4c-91d1-9adf5cbde790.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2026 | [Annual Report 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/92d25235-44b8-41da-b2f6-c4838fc4f45d.pdf) |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/29988761-c750-4e50-b4d4-5c4e32d5c364.pdf) |
| 2025 | [Annual Report 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a18b2d3b-67a3-4c2a-9a9d-d28ffbda9c83.pdf) |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/eb0e12f3-a8e3-4988-b11d-a452884d5b0e.pdf) |
| 2024 | [Annual Report 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8c7d0bf0-d241-4dfe-8e0f-15953e3e92b1.pdf) |
| 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7524c80c-70fb-4624-8e4c-ac66cea86e8c.pdf) |
| 2023 | [Annual Report 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/24b9cc9c-31ba-4a0a-a7e8-50126762faf8.pdf) |
| 2022 | [Financial Year 2022](https://www.bseindia.com/bseplus/AnnualReport/536773/76781536773.pdf) |
| 2022 | [Annual Report 2022](https://www.bseindia.com/bseplus/AnnualReport/531727/73644531727.pdf) |
| 2021 | [Financial Year 2021](https://www.bseindia.com/bseplus/AnnualReport/536773/72200536773.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2026-07-07 | Credit rating update — CARE Ratings |
| 2025-07-18 | Credit rating update — CARE Ratings |
| 2024-09-27 | Credit rating update — CARE Ratings |
| 2023-10-03 | Credit rating update — CARE Ratings |
| 2023-01-02 | Credit rating update — CARE Ratings |
| 2021-12-23 | Credit rating update — CARE Ratings |
| 2021-01-06 | Credit rating update — CARE Ratings |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-10-09 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3476da1d-7455-46da-9bb7-b20635a786a8.pdf) |
| 2026-09-29 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=df93eae2-1839-4d3e-8402-922a6f8517c4.pdf) |
| 2026-08-07 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=57b2eeaa-7530-472e-abce-6244db1d2c22.pdf) |
| 2026-08-05 | [Board Meeting Outcome for Outcome Of Board Meeting Held Today I.E. Wednesday 05Th August 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b866474d-76f0-4182-b3b5-6ba93995296d.pdf) |
| 2026-08-05 | [Shareholder Meeting / Postal Ballot-Scrutinizers Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c58e1287-fed0-4480-a17b-57b2f1751796.pdf) |
| 2026-08-05 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e20f34f7-38c1-48b4-b508-97dd397e4c01.pdf) |
| 2026-07-25 | [Board Meeting Intimation for Intimaion Of Meeting Of Board Of Directors Of The Company Scheduled To Be Held On Wednesday 05Th August 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ac8cfa09-a9e9-47bc-af34-9b60e901964b.pdf) |
| 2026-07-13 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=35ae979c-4e40-4940-8706-bd31bb0a50ee.pdf) |
| 2026-07-11 | [Intimation Of 49Th Annual General Meeting And Information Of Book Closure & Cut-Off Date.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ff2295de-52d5-4091-a2a0-6ca54422b963.pdf) |
| 2026-07-11 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=92d25235-44b8-41da-b2f6-c4838fc4f45d.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-05 | [Approved Unaudited Standalone And Consolidated Financial Results Along With Limited Review Report Of Statutory Auditors For The Quarter Ended On 30Th June 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=42c423db-2afb-4414-89ff-1a303186eba2.pdf) |
| 2026-05-28 | [Results For The Financial Year And Quarter Ended On March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=14ee34ca-080a-4e34-b0d6-446baf47de25.pdf) |
| 2026-01-28 | [Approved The Unaudited Standalone And Consolidated Financial Results For The Quarter And Nine Months Ended On 31St December 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e5fa6354-0be2-4c44-a5f8-2f9b9d2fa277.pdf) |
| 2025-11-09 | [Approved The Un-Audited Standalone And Consolidated Financial Results.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6df43790-fee2-480f-872a-cf9036430b20.pdf) |
| 2025-07-30 | [Approved Unaudited Standalone And Consolidated Financial Results Along With Limited Review Report Of Statutory Auditors For The Quarter Ended On 30Th June 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c56465fc-35cc-4238-87c3-d33a24000e0a.pdf) |
| 2025-05-28 | [Financial Results For The Quarter And Year Ended On 31St March 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=62a13061-aa57-4cdb-b8ae-1c66894cf1dd.pdf) |
| 2025-01-29 | [Approved The Unaudited Standalone And Consolidated Financial Results Along With Limited Review Report Of Statutory Auditors For The Quarter And Nine Months Ended On 31St December 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9827074d-2698-462a-ad14-71c02085c2ee.pdf) |
| 2024-10-30 | [Un-Audited Standalone And Consolidated Financial Results Along With Limited Review Report Of Statutory Auditors For The Quarter And Half Year Ended On 30Th September, 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9a71d5bb-3851-44eb-a645-b9a476b48e8c.pdf) |
| 2024-08-14 | [Approved The Unaudited Standalone And Consolidated Financial Results Along With Limited Review Report Of Statutory Auditors For The Quarter Ended On 30Th June, 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=07ac43c2-3d8b-480b-9733-8a4ae6ddaaad.pdf) |
| 2024-05-29 | [Audited Standalone And Consolidated Financial Results Of The Company For The Quarter And Year Ended On 31St March, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c90c3bf4-e7ac-4e8d-8515-85a500c877ab.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-15T11:51:40.165Z.