Menon Bearings Ltd (Auto Ancillaries - Bearings) — fundamental analysis, earnings data, and key metrics. PE: 19.7. ROE: 16.3%. This stock is not currently in the Nifty 500 momentum outperformers list.
Based on Q3 FY26 (Dec 2025) earnings • Updated Feb 22, 2026
What: Management projects order book to grow from current position to ₹295 cr in FY26, ₹350 cr in FY27, and ₹425 cr in FY28
Impact: +₹120 Cr revenue
“Management: "It is for this year uh what we project that whatever order book position uh if we consider that we may reach up to 295 crores and next year maybe around 350 and next year 425."”
What: Strategic focus on higher volume alloy products driving margin expansion
“Management: "However, a combination of partial price pass through better product mix and operational efficiencies helped us to protect and improve margins during the quarter."”
What: New brakes business progressing as planned with customer approvals increasing
“Management: "Menon brakes while still at an early stage is progressing as planned and we expect a gradual ramp up as customer approvals and volumes increases."”
Earnings deceleration risks from management commentary
Trigger: Significant RM price increases
Management view: Management: "On the cost from raw material prices, volatility remains an area of close monitoring." and "it will definitely have adverse impact on the margins" but contracts allow for partial pass through.
Monitor: RM cost trends vs price realization
Trigger: RM cost increases exceeding contractual pass-through terms
Management view: Management: "But at the same time what we have done that our contract typically allow for partial pass through. We are in the process of passing the increased raw material cost"
Monitor: OPM trend vs RM cost changes
Key quotes from recent conference calls
“I'm pleased to share Q3 FI26 has been a strong quarter for the company reflecting healthy demand across key segments and continued improvement in profitability. — Management”
“However, a combination of partial price pass through better product mix and operational efficiencies helped us to protect and improve margins during the quarter. — Management”
“It is for this year uh what we project that whatever order book position uh if we consider that we may reach up to 295 crores and next year maybe around 350 and next year 425. — Management”
“next in 28 it should be 22%. And where do we see the for this year on a console basis? It is 20%. — Management”
Forward-looking targets from management for FY26-FY28
OPM Guidance
20%
Key Milestones
• ₹295 cr order book by FY26
• ₹350 cr order book by FY27
• ₹425 cr order book by FY28
• 20% OPM in current year
• 22% OPM in FY28
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Feb 22, 2026.
Based on publicly available financial data. This is educational research, not investment advice.
Menon Bearings Ltd's latest quarterly results (Dec 2025) show
Menon Bearings Ltd's current PE ratio is 19.7x.
Menon Bearings Ltd's price-to-book ratio is 3.8x.
Menon Bearings Ltd's fundamental strength based on key financial ratios
Menon Bearings Ltd has a debt-to-equity ratio of N/A.
Menon Bearings Ltd's return ratios over recent years
Menon Bearings Ltd's operating cash flow is positive (FY2025).
Menon Bearings Ltd's current dividend yield is 1.83%.
Menon Bearings Ltd's shareholding pattern (Dec 2025)
Menon Bearings Ltd's promoter holding has remained stable recently.
Menon Bearings Ltd is an established outperformer with 1 weeks of consecutive Nifty 500 outperformance.
Menon Bearings Ltd has 3 key growth catalysts identified from recent earnings analysis
Menon Bearings Ltd has 2 key risks worth monitoring
In Q3 FY26 (Dec 2025), Menon Bearings Ltd's management highlighted
Menon Bearings Ltd's management has provided the following forward guidance for FY26-FY28
Based on quantitative research signals, here is why Menon Bearings Ltd may be worth studying
Menon Bearings Ltd investment thesis summary:
Menon Bearings Ltd's forward outlook based on current data signals
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.
