Munjal Auto Industries Ltd(MUNJALAU)

NSE: MUNJALAUBSE: 520059

₹ 91.1-3.90%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 911 crWebsite: www.munjalauto.comUpdated: 24 Oct 2026

About

Munjal Auto Industries Ltd is an Indian auto components manufacturer that also operates, through its subsidiary Indutch Composites Technology Private Limited (ICTPL), in wind energy and advanced composites. In FY26 the consolidated business generated revenue of ₹2,295.15 crore across two segments. The company has expanded its OEM relationships from two to four, securing a long-term supply contract with Honda Motorcycle & Scooter India and deepening engagement with Tata Motors Passenger Vehicles.^[1][2][3]

Business segments

Auto Components contributed ₹1,438.58 crore (62.7% of revenue) in FY26, down 29.5 percentage points in share since FY20, manufacturing components for OEM two-wheeler and passenger vehicle customers.^[2]
Composite Products and Moulds (subsidiary ICTPL) contributed ₹856.57 crore (37.3% of revenue) in FY26, up 29.5 percentage points in share since FY20, operating in wind energy and advanced composites.^[2][3]

Operations

The company operates five manufacturing units: Waghodia and Sanand in Gujarat, Bawal and Dharuhera in Haryana, and Haridwar in Uttarakhand - all running at a satisfactory level of efficiency in FY26.^[3]
During FY26 the company invested in its Sanand facility to drive higher revenue from Tata Motors going forward.^[3]

Subsidiary - Indutch Composites Technology

ICTPL posted revenue from operations of ₹857 crore in FY26, up from ₹796 crore in FY25, operating in wind energy and advanced composites segments.^[3]
ICTPL expects approximately 20% revenue growth in FY27.^[3]

Customers and distribution

OEM relationships expanded from two to four in FY26; named customers include Honda Motorcycle & Scooter India (long-term supply contract secured) and Tata Motors Passenger Vehicles.^[3]

Expansion and capex

Investment made in the Sanand (Gujarat) facility during FY26 to support higher revenue from Tata Motors Passenger Vehicles going forward.^[3]

Strategic direction

The company's broader vision is a diversified engineering business spanning Automotive, Electronics, Aerospace and Defense.^[3]
In FY26 the company focused on optimizing investments and ensuring business continuity to enhance market share across various platforms.^[3]
Two-wheeler industry retail sales grew 13.4% in FY26, with double-digit growth sustained through January - March 2026, confirming a structural demand shift that benefits the auto components segment.^[3]

Market Cap

₹911 Cr

High / Low

₹131 / 67

Stock P/E

19.0

Price / Book

2.2

Book Value

₹47

EPS

₹4.6

No. of Shares

10 Cr

ROCE

11.1%

ROE

10.5%

OPM

4.0%

Debt / Equity

0.54

Sales

₹2,295 Cr

Net Profit

₹46 Cr

Promoter holding

74.8%

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Signal history

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Munjal Auto Industries Ltd(MUNJALAU)

About

Business segments

Operations

Subsidiary - Indutch Composites Technology

Customers and distribution

Expansion and capex

Strategic direction

Signal history

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Verdict

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