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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Munjal Showa Limited is an India-based company, which is engaged in manufacturing of auto components. The Company is a supplier of shock absorber, front forks struts, and gas springs. It is engaged in manufacturing wide array of original equipment (OEM) parts like struts,…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A middling, stagnant business, priced for perfection — but flagged on governance.
Munjal Showa is scored on the general / industrial framework. It keeps a thin 1.6% of every rupee of sales as net profit. Cash conversion lags the reported profit (CFO/PAT -0.94×) — worth a closer look. Free cash flow is worth about -1.4% of its market value.
Over the last 3 years revenue compounded at 2%/yr and profit at -12%/yr. Book value has been broadly flat (1.4%/yr). Return on equity is a weak 3.2%.
At 23× earnings, the stock sits at the 81st percentile of its own 3.6-year range — the expensive end of where it has historically traded. Today's price implies ~9%/yr earnings growth for a decade. The forensic screen raises 2 red flags: Only ₹0.30 of cash per ₹1 profit over 4 years — earnings not converting to cash; 66% of pre-tax profit is other income, not operations.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 19.91 | 38.56 | better |
| P/B | 0.73 | 4.21 | better |
| EV/EBITDA | 11.51 | 18 | better |
| ROE | 3.23 | 13.33 | worse |
| ROCE | 4.38 | 11.96 | worse |
| ROA | 2.87 | 5.52 | worse |
| Quick Ratio | 3.24 | 3.56 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Samvardhana Motherson Intl | 34.3 | 3.6 | 10.4% |
| Bosch | 63.4 | 10.1 | 15.8% |
| Uno Minda | 54.4 | 10.3 | 17.7% |
2% CAGR — growing but slowly.
Revenue is outpacing profit (2% vs -12%) — costs are rising faster than the top line.
Operating margins have been stable around 2% — no major structural shift. Margins have declined for 3 consecutive years — watch for a structural cost problem.
ROE at 3% — modest; the capital isn't working hard. Low variance across years — a predictable business that earns steadily on its equity base.
EPS dropped in the latest year despite possible profit changes — dilution or a profit dip could be at play. -12% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
1 of 4 years had negative operating cash flow — profitability on paper may not translate to cash. Financing outflows in consecutive years — balance-sheet discipline through debt repayment or dividends.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue broadly flat QoQ — stable but not accelerating. Low quarterly variance (7% spread) — a predictable, non-seasonal revenue stream.
1 of 4 quarters loss-making — quarterly profitability is uneven. Profit jumped 22560% QoQ — check if this is operating leverage or a one-off item. Quarterly net margins are expanding (1% → 3%) — profitability per rupee of revenue is improving.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters hold 65.0% — heavily owner-operated with strong skin in the game.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.