Menon Bearings Limited (MENONBE) Financial Results — Revenue ₹300 Cr

Investor Takeaways

PAT grew 53.41% YoY to INR 38.25 crores

Total income increased 23.16% YoY to INR 300+ crores

Export revenue grew 50% YoY in the US market

EBITDA margin target set at 20-22% over next two years

No single customer exceeds 15% of revenue share

⚠️ Raw material costs rose for aluminum (INR 240-280/kg) and copper (INR 900-1,275/kg)

Overall Tone: Positive

Key Financial Highlights

Metric	Value	YoY Change
Revenue	₹300 Cr	23.16%
Net Profit	₹38.25 Cr	53.41%
EBITDA Margin Target	20-22%	—
EPS	₹6.83	—
OPM	Not provided	—

What Changed

Menon Bearings reported strong FY26 performance with total income reaching INR 300+ crores (23.16% YoY growth) and PAT rising 53.41% YoY to INR 38.25 crores. The company achieved an EPS of ₹6.83, reflecting improved profitability. Export revenue grew 50% YoY in the US market, contributing to broader international expansion, with 80% of exports directed to Europe. Capacity expansion is underway, targeting 2,000+ tonnes/year and asset turnover of 2.0 by FY28. CapEx of INR 25 crores is planned for Bi-Metal, INR 7 crores for Alkop, and INR 3 crores for brakes over two years. The company targets INR 500 crores revenue by FY28 with 20-22% EBITDA margins, supported by 51 new parts across automotive segments and diversification into industrial and EV segments. Management emphasized sustainable growth, margin consistency, and export financing at 2.75% subvention to offset interest burdens.

Peer Comparison

Company	P/E	ROE	ROCE	Market Cap (₹ Cr)
Menon Bearings	34.14	Not available	Not available	818.97
TVS Motor	393.51	N/A	N/A	8,23,516
Maruti Suzuki	27.84	15.51%	19.82%	4,15,671.64
Mahindra & Mahindra	22.17	20.41%	14.57%	3,88,366.49

Menon Bearings trades at a P/E ratio of 34.14, higher than Maruti Suzuki (27.84) and Mahindra & Mahindra (22.17), but significantly lower than TVS Motor (393.51). The company’s ROE and ROCE are not available in the provided data.