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Latest filing: 2026-08-03 14:02
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Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
Verify against the original filing and consult a SEBI-registered adviser before acting.
8 announcements match the current filters (relevance ≥ 5).
35.6% YoY PAT Growth in Q1 FY27; Revenue up 21.5% to ₹347.5 Cr
Munjal Showa reported a 21.5% YoY increase in revenue to ₹347.50 crore for the quarter ended June 30, 2026. Net profit grew by 35.6% YoY to ₹11.23 crore, up from ₹8.28 crore in the previous year's corresponding quarter. Sequentially, while revenue remained flat compared to Q4 FY26 (₹347.07 crore), the company achieved a significant turnaround from a marginal loss in the previous quarter to a profit of ₹11.23 crore. The company remains debt-free with a net worth of ₹678 crore, though operating margins remain thin.
Confidence: HIGH
What changedThe company has moved from a marginal loss in the preceding quarter to a double-digit profit, showing improved cost management and stable revenue.
Why it mattersThe results indicate a recovery in the 2-wheeler ancillary segment; however, the low PAT margin of approximately 3.2% highlights the company's limited pricing power with major OEMs.
Revenue (Q1 FY27): ₹347.50 crPAT (Q1 FY27): ₹11.23 crYoY Revenue Growth: 21.5%YoY PAT Growth: 35.6%Debt-to-Equity: 0.00Net Worth: ₹678 cr
📅 Short termThe stock may see positive sentiment due to the strong YoY profit growth and the sequential turnaround from a loss-making quarter.
📈 Long termLong-term growth is constrained by high customer concentration and low margins; structural re-rating depends on successful diversification into non-2W segments and EV components.
⚠ Risk flags
- High client concentration with Hero MotoCorp
- Low bargaining power with OEMs
- Vulnerability to EV subsidy changes
Key Highlights
Revenue from operations grew 21.5% YoY to ₹347.50 crore from ₹286.04 crore.
Net profit increased 35.6% YoY to ₹11.23 crore, resulting in an EPS of ₹2.81.
Other income contributed ₹13.07 crore to the total income of ₹360.57 crore.
Employee benefit expenses rose 20.8% YoY to ₹33.82 crore.
The company turned around from a net loss of ₹0.045 crore in Q4 FY26 to a profit of ₹11.23 crore in Q1 FY27.
👀 What to Watch
Investors should monitor the company's ability to improve operating leverage and diversify its customer base beyond Hero MotoCorp, as well as the adoption rate of its new EV components.
₹4.50 Dividend and 5-Year CMD Re-appointment Proposed in AGM Notice
Munjal Showa Limited has scheduled its 41st Annual General Meeting (AGM) for August 24, 2026. The board has proposed a final dividend of ₹4.50 per equity share for FY25-26, representing a 225% payout on the ₹2 face value. For the full year FY26, the company reported a gross turnover of ₹1,315.42 crore and a PAT of ₹21.87 crore. A significant agenda item is the re-appointment of Mr. Yogesh Chander Munjal as CMD for five years, despite the company noting that current profits are 'inadequate' to cover managerial remuneration under standard regulatory limits.
Confidence: HIGH
What changedThe company has formalized its annual shareholder meeting date and proposed a dividend and leadership extension for the next five years.
Why it mattersThe announcement confirms shareholder returns for the year but also highlights thin net margins (approx. 1.66%) and the company's struggle to meet statutory profit thresholds for executive pay.
Final Dividend: ₹4.50 per shareFY26 Gross Turnover: ₹1,315.42 crFY26 PAT: ₹21.87 crPAT Margin: 1.66%Export Collections: ₹20.73 lakhs
📅 Short termThe stock may see neutral to slightly positive movement as investors price in the ₹4.50 dividend ahead of the August AGM.
📈 Long termStructural concerns remain regarding high customer concentration (Hero MotoCorp) and low bargaining power, as reflected in the thin net profit margins.
⚠ Risk flags
- High customer concentration
- Low operating leverage
- Inadequate profits for standard managerial remuneration limits
Key Highlights
Proposed final dividend of ₹4.50 per equity share for the financial year 2025-26
Reported FY25-26 gross turnover of ₹1,31,542 lakhs (approx. ₹1,315.42 crore)
Reported FY25-26 Profit After Tax (PAT) of ₹2,187.17 lakhs (approx. ₹21.87 crore)
Proposed 5-year re-appointment of Mr. Yogesh Chander Munjal as CMD from September 1, 2026, to August 31, 2031
Export performance remains low with total foreign exchange collections of only ₹20.73 lakhs
👀 What to Watch
Investors should monitor the AGM voting results on August 24, 2026, specifically the special resolution regarding CMD remuneration given the 'inadequate profits' disclosure.
Munjal Showa Sets August 05, 2026, as Record Date for Final Dividend of FY 2025-26
Munjal Showa Limited has officially designated August 05, 2026, as the record date to determine shareholder eligibility for the final dividend of the financial year 2025-26. This payout is subject to the approval of shareholders at the company's upcoming 41st Annual General Meeting. Investors who hold the stock as of the record date will be entitled to receive the dividend once approved. The announcement follows a prior board recommendation made on May 29, 2026.
Key Highlights
Record date for final dividend eligibility is fixed as Wednesday, August 05, 2026.
The dividend relates to the financial performance of the 2025-26 fiscal year.
Final distribution is subject to shareholder approval at the 41st Annual General Meeting.
The company is complying with Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
👀 What to Watch
Investors seeking to qualify for the dividend should ensure they hold the shares in their demat accounts by the record date of August 05, 2026. Monitor the ex-dividend date, which usually occurs one working day prior to the record date, to time any new purchases correctly.
Munjal Showa Recommends Rs 4.50 Final Dividend for FY 2025-26
Munjal Showa Limited has recommended a final dividend of Rs. 4.50 per equity share of face value Rs. 2 each for the financial year 2025-26, representing a 225% payout. The dividend is subject to shareholder approval at the 41st Annual General Meeting scheduled for August 24, 2026. The Board also approved the re-appointment of Mr. Yogesh Chander Munjal as Chairman & Managing Director for a five-year term starting September 2026. The company's financial results for the year ended March 31, 2026, received an unmodified audit opinion from Deloitte Haskins & Sells LLP.
Key Highlights
Recommended a final dividend of Rs. 4.50 per equity share (225% of face value).
Book closure for dividend entitlement is set from August 6, 2026, to August 24, 2026.
Re-appointment of Mr. Yogesh Chander Munjal as CMD for a 5-year term until August 2031.
Statutory auditors issued an unmodified opinion on the audited financial results for FY 2025-26.
Appointment of M/s Vaish & Associates as Internal Auditors for the financial year 2026-27.
👀 What to Watch
Investors interested in the dividend should ensure they hold the stock before the book closure begins on August 6, 2026. The re-appointment of the CMD ensures leadership continuity, which is a positive signal for long-term stability.
Munjal Showa Recommends 225% Dividend and Re-appoints CMD for 5-Year Term
Munjal Showa Limited has recommended a final dividend of INR 4.50 per equity share (225%) for the financial year 2025-26. The Board has also approved the re-appointment of Mr. Yogesh Chander Munjal as Chairman & Managing Director for a five-year term starting September 1, 2026. The company's audited financial results for the year ended March 31, 2026, received an unmodified audit opinion from Deloitte Haskins & Sells LLP. The Annual General Meeting is scheduled for August 24, 2026, with the book closure period starting August 6, 2026.
Key Highlights
Recommended a dividend of 225% or INR 4.50 per equity share of face value INR 2 each
Re-appointed Mr. Yogesh Chander Munjal as Chairman & Managing Director for 5 years effective Sept 1, 2026
Statutory auditors issued an unmodified (clean) opinion on the FY26 financial results
Book closure for dividend entitlement set from August 6 to August 24, 2026
Appointed M/s Vaish & Associates as Internal Auditors for the upcoming FY 2026-27
👀 What to Watch
Investors should track the book closure date of August 6, 2026, to ensure eligibility for the INR 4.50 dividend. The re-appointment of the long-standing CMD suggests management stability and continuity in business strategy.
Munjal Showa Q3 FY26 PAT Jumps 82% YoY to ₹10.91 Cr; Revenue Up 9.6%
Munjal Showa Limited reported a strong financial performance for the quarter ended December 31, 2025, with Revenue from Operations growing 9.6% YoY to ₹349.68 crore. Net Profit (PAT) surged by 82.4% YoY to ₹10.91 crore, up from ₹5.98 crore in the previous year's corresponding quarter. The results were achieved despite an exceptional charge of ₹2.20 crore related to the impact of new Labour Codes on gratuity liabilities. For the nine-month period, PAT stands at ₹21.92 crore compared to ₹19.95 crore in the prior year.
Key Highlights
Revenue from operations increased to ₹349.68 crore in Q3 FY26 from ₹319.08 crore in Q3 FY25.
Net Profit (PAT) rose significantly to ₹10.91 crore, resulting in an EPS of ₹2.73 compared to ₹1.49 YoY.
Profit before tax and exceptional items more than doubled to ₹17.01 crore from ₹8.05 crore in the year-ago quarter.
Recognized a one-time exceptional charge of ₹2.20 crore due to increased gratuity liability from new Labour Codes.
Total expenses for the nine-month period included ₹3.23 crore in separation costs for a Voluntary Retirement Scheme (VRS).
👀 What to Watch
Investors should view the sharp expansion in net margins and profit growth positively, especially as it comes despite one-off labor-related costs. The company's ability to grow revenue and significantly improve bottom-line efficiency suggests strong operational tailwinds in the auto-component segment.
Munjal Showa Q3 PAT Jumps 82% YoY to ₹10.9 Cr; Revenue Up 9.6%
Munjal Showa reported a strong performance for the quarter ended December 31, 2025, with revenue from operations growing 9.6% YoY to ₹349.68 crore. Net profit surged by 82.4% YoY to ₹10.91 crore, despite an exceptional charge of ₹2.20 crore related to the impact of new Labour Codes. The company's EPS improved significantly to ₹2.73 from ₹1.49 in the same quarter last year. For the nine-month period, the company maintained steady growth with a PAT of ₹21.92 crore compared to ₹19.95 crore in the previous year.
Key Highlights
Revenue from operations increased to ₹34,968.17 lakhs in Q3 FY26 from ₹31,908.48 lakhs in Q3 FY25.
Net Profit (PAT) grew by 82.4% YoY to ₹1,090.72 lakhs despite a ₹220.02 lakh exceptional charge.
Earnings Per Share (EPS) rose to ₹2.73 for the quarter, up from ₹1.49 in the year-ago period.
Exceptional item of ₹220.02 lakhs recognized due to increased gratuity liability from new Labour Codes.
Total expenses for 9M FY26 included ₹322.51 lakhs in separation costs for employees opting for Voluntary Retirement Scheme (VRS).
👀 What to Watch
The strong bottom-line growth and margin improvement are positive signals for the stock. Investors should monitor the impact of the new Labour Codes on future operating costs and the company's ability to maintain revenue momentum in the auto component sector.
Munjal Showa Receives Income Tax Demand Notice of INR 703.83 Lakhs
Munjal Showa Limited has received a tax demand notice of INR 703.83 Lakhs, including interest, for the Assessment Year 2022-23. The Income Tax Department assessed the company's income at INR 2768.90 Lakhs, which is significantly higher than the returned income of INR 489.48 Lakhs. The primary reason for this discrepancy is an adjustment of INR 2254.99 Lakhs related to royalty and other payments. The company has stated it will challenge this order before the Income Tax Appellate Tribunal (ITAT) based on strong merits.
Key Highlights
Total tax demand of INR 703.83 Lakhs issued for Assessment Year 2022-23
Assessed income revised to INR 2768.90 Lakhs against reported INR 489.48 Lakhs
Adjustment of INR 2254.99 Lakhs made specifically regarding royalty payments
Company to file an appeal before the Income Tax Appellate Tribunal (ITAT)
👀 What to Watch
Investors should monitor the outcome of the ITAT appeal as a final unfavorable ruling would impact the company's cash flows. However, since the company is contesting the demand, there is no immediate cash outflow beyond potential mandatory deposits for the appeal.
