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Menon Bearings Limited (MENONBE)

₹279.75 -1.69% last close, 16 Oct

📊 NSE: MENONBE 🏢 Auto Ancillaries 📢 Latest filing: 11 Oct 2026 📝 Analysis written: 14 Dec 2025

Q2 FY27 results

📅 Next results: 29 Oct 2026 (board meeting)

Menon Bearings Limited's board meets on 29 Oct 2026 to consider its Q2 FY27 results (July-September 2026).

In its latest reported quarter, Q1 FY27, Menon Bearings' revenue was ₹67.1 Cr (-0.2% year on year, -22.9% on the previous quarter), and net profit ₹11.2 Cr (+33.3% year on year); the operating margin was 23.4%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹67.1	-0.2%	-22.9%
Operating profit	₹15.7	+21.7%	-28.5%
Net profit	₹11.2	+33.3%	-19.8%
EPS (₹)	2.00	+33.3%	-18.7%
Operating margin	23.4%	—	—

Full quarterly financials → Results calendar →

MENONBE delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 66.89% of the MENONBE shares traded on NSE were taken to delivery, against the stock's own 20-session average of 53.54%. The price fell 1.69% on that unusually high delivery, the pattern the delivery dashboard labels distribution. It closed at a price band (circuit) on 1 session in about the last 20.

66.89%Delivery, 16 Oct

53.54%Own 20-session average

0.6×Volume vs its average

₹279.75NSE close · -1.69%

Delivery in the last 5 sessions: 50.1% · 54.0% · 54.6% · 58.9% · 66.9%

Delivery across the market →Circuit stocks →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Menon Bearings Submits Demat Compliance Certificate for Q2 FY27

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 11 Oct 2026, 11:25 AM

Menon Bearings Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate was issued by its Registrar and Share Transfer Agent, MUFG Intime India Private Limited, on October 3, 2026. The filing confirms that securities received for dematerialisation during the quarter were duly processed, cancelled, and listed on the exchanges. This is a standard regulatory disclosure with no impact on the company's operations or financials.

Compliance certificate submitted under Regulation 74(5) of SEBI Regulations, 2018
Pertains to the quarter ended September 30, 2026
Confirmation certificate dated October 3, 2026 issued by RTA MUFG Intime India Private Limited
Confirmed securities processed for dematerialisation have been listed on stock exchanges

💡 Track the upcoming quarterly financial results and earnings releases for fundamental updates on operational performance.

Menon Bearings Schedules Institutional Investor Plant Visit and Meet on Sep 26, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 17 Sep 2026, 11:27 AM

Menon Bearings Limited has scheduled an analyst and institutional investor meeting alongside a plant visit on September 26, 2026, in Kolhapur. The interaction will be a physical group meeting organized by investor relations firm Kaptify. The company noted that no unpublished price sensitive information (UPSI) will be discussed during the interaction. This is a procedural disclosure under Regulation 30 of SEBI LODR Regulations.

Plant visit and management meet scheduled for 26th Sep, 2026
Interaction to take place physically in Kolhapur as a group meeting
Organized by investor relations firm Kaptify
No Unpublished Price Sensitive Information (UPSI) will be shared

💡 Watch for any subsequent investor presentation filings or meeting transcripts that may offer commentary on new product ramp-ups (Brakes/Railways) and export traction.

Menon Bearings Schedules PMS Plant Visit and Management Meet on September 2, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 01 Sep 2026, 10:09 AM

Menon Bearings Limited has notified the exchanges regarding a physical plant visit and management meet scheduled for September 2, 2026, in Kolhapur. The interaction is organized with Portfolio Management Services (PMS) participants via investor relations firm Kaptify. The company confirmed that no Unpublished Price Sensitive Information (UPSI) will be disclosed during the session. This is a routine compliance intimation under SEBI Listing Regulations.

Plant visit and management meeting scheduled for 02nd Sep, 2026
Targeted interaction with PMS investors organized by IR firm Kaptify
Physical meeting to take place at the company's facility in Kolhapur
Explicitly stated that no Unpublished Price Sensitive Information (UPSI) will be shared

💡 Track subsequent post-meet presentation disclosures or transcripts submitted to the exchange for any qualitative insights on operations.

₹2 Dividend Noted: Menon Bearings Shareholders Approve FY26 Financials at 35th AGM

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 07 Aug 2026, 09:37 PM

Menon Bearings Limited concluded its 35th Annual General Meeting on August 6, 2026, with shareholders approving all proposed resolutions. Key outcomes include the adoption of FY26 audited financial statements, which reported a revenue of ₹250.92 Cr and PAT of ₹32.56 Cr. The meeting also noted the payment of a ₹2 per share (200%) interim dividend for FY26, totaling approximately ₹11.2 Cr. Additionally, Mr. Nitin Menon was re-appointed as a director, and Mr. Rajendra Girjappa Sonkawade was appointed as a Non-Executive Non-Independent Director.

Shareholders noted the payment of ₹2 per share interim dividend for FY26
FY26 Standalone and Consolidated Financials adopted (Revenue: ₹250.92 Cr)
Total of 23,789 shareholders were on record for the meeting
Mr. Nitin Menon re-appointed as Director with 99.99% of votes in favor

💡 Investors should monitor the company's progress on its stated strategy to enter the Railway segment in FY27 and the ramp-up of the Alkop division for export markets.

35th AGM Concluded: Menon Bearings Approves FY26 Financials and Director Appointments

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 06 Aug 2026, 03:21 PM

Menon Bearings Limited conducted its 35th Annual General Meeting on August 6, 2026, with 70 members in attendance. Shareholders adopted the FY26 audited financial statements, which reported a TTM revenue of Rs 251 Cr and PAT of Rs 33 Cr. The meeting confirmed the re-appointment of Mr. Nitin Menon and the new appointment of Mr. Rajendra Girjappa Sonkawade as a Non-Executive Director. Management reiterated growth strategies, including the Allison Transmission contract and a planned entry into the railway segment by FY27.

35th Annual General Meeting held on August 6, 2026, via Video Conferencing with 70 members attending.
Adoption of FY26 Audited Standalone and Consolidated Financial Statements (TTM Revenue: Rs 251 Cr).
Appointment of Mr. Rajendra Girjappa Sonkawade as a Non-Executive Non-Independent Director.
Management highlighted future plans including entry into Railway components planned for FY27.
Remote e-voting concluded on August 5, 2026, with final results to be declared within 2 working days.

💡 Watch for the detailed voting results and monitor management's execution on the 25% growth target driven by new product lines and export expansion.

August 5, 2026: Menon Bearings to Host Plant Visit and Management Meet in Kolhapur

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 31 Jul 2026, 03:46 PM

Menon Bearings Limited has scheduled a physical group meeting for analysts and institutional investors on August 5, 2026. The interaction will include a plant visit at their Kolhapur facility and a management meet organized by their IR firm, Kaptify. This comes at a time when the company has seen a significant 94.2% price return over the last six months. No unpublished price-sensitive information is expected to be disclosed during the session.

Management interaction and plant visit scheduled for August 5, 2026
Physical meeting to be held at the company's base in Kolhapur
Organized by Investor Relations firm Kaptify
Company maintains a healthy ROCE of 27.0% and TTM revenue of Rs 251 Cr

💡 Investors should look for any post-event investor presentations or transcripts to gain insights into the progress of the new 'Brakes' product line and the Allison Transmission contract.

67% PAT Growth in Q1 FY27; Management Targets Rs 360 Cr Revenue for FY27

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 22 Jul 2026, 04:47 PM

Menon Bearings reported a record-breaking Q1 FY27 with consolidated revenue rising 36.6% YoY to Rs 91.79 Cr and PAT surging 67.4% to Rs 11.23 Cr. Management has provided a robust outlook, targeting Rs 360 Cr in revenue for FY27 (a ~43% increase over TTM revenue) supported by a Rs 65-75 Cr new business pipeline from North American markets. The company is diversifying into the railway segment, with a specialized testing dynamometer arriving in August 2026 to facilitate entry into Vande Bharat and Metro projects. Capacity utilization in the core bearing segment is high at 80%, with modular capex planned to support the growth roadmap.

Consolidated PAT increased by 67.35% YoY to Rs 11.23 Cr in Q1 FY27, marking the highest-ever quarterly profit.
Management identified a potential additional business pipeline of Rs 65-75 Cr for the current and next financial year.
Bi-metal division capacity was recently expanded by 25%, with current utilization already reaching 80%.
Entry into the Railway segment is underway with a revenue target of Rs 25-30 Cr within the next two years.
Consolidated EBITDA grew by 57% YoY, driven by operational efficiencies and better fixed-cost absorption.

💡 Watch for the successful commissioning of the railway dynamometer in August 2026 and the subsequent RDSO audit, which are critical milestones for the new growth vertical.

Menon Bearings Releases Q1 FY27 Earnings Call Recording

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 17 Jul 2026, 05:33 PM

Menon Bearings has disclosed the recording of its Q1 FY27 earnings conference call held on July 17, 2026. The call discussed the company's performance following a quarter where TTM revenue reached ₹251 Cr with a healthy ROCE of 27.0%. Management's commentary typically focuses on their 25% expected growth target and the commercialization of new product lines like Brakes and Railway components. This filing is a standard regulatory requirement to ensure transparency for all shareholders.

Earnings conference call conducted on July 17, 2026, at 2:00 PM IST.
Recording covers financial results for the quarter ended June 30, 2026.
Company maintains a strong Operating Profit Margin (OPM) of 19.7% as per TTM data.
Management is targeting a 25% growth rate driven by new product lines and exports.
Debt remains low with a Debt/Equity ratio of 0.18 on a net worth of ₹154 Cr.

💡 Investors should review the recording for updates on the Allison Transmission contract and the specific execution timeline for the Railway segment entry planned for FY27.

67.3% PAT Growth in Q1FY27; Rs 34.5 Cr Capex Planned Over 2 Years

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 16 Jul 2026, 11:23 PM

Menon Bearings reported its highest-ever quarterly performance in Q1FY27, with revenue growing 37.2% YoY to Rs 94.04 Cr and PAT surging 67.3% to Rs 14.11 Cr. The company achieved significant margin expansion, with EBITDA margins rising 298 bps YoY to 23.8%. To sustain this momentum, the company has outlined a Rs 34.5 Cr capex plan over the next two years, focusing on Bi-Metals and Alkop divisions. Additionally, the board declared a dividend of Rs 2 per share.

Record quarterly Revenue of Rs 94.04 Cr in Q1FY27, up 37.2% from Rs 68.56 Cr in Q1FY26.
Net Profit (PAT) increased 67.3% YoY to Rs 14.11 Cr, with PAT margins improving to 15.0%.
Bi-Metal production capacity increased ~19% to 580 lakh units in FY26, with Rs 25 Cr additional capex planned.
Brakes division capacity grew ~67% to 50 lakh pcs, with a revenue target of Rs 50-60 Cr annually within 2 years.
Export revenue contribution stood at 33.16% in Q1FY27, showing a steady focus on international markets.

💡 Investors should monitor the commissioning of the Dynamometer for railway approvals and the ramp-up of the Brakes division, which is expected to become a significant revenue driver by FY28.

Rs 2.00 Interim Dividend Declared; Record Date Set for July 22, 2026

🟢 POSITIVE ⭐ 6/10

DIVIDEND 📅 16 Jul 2026, 12:57 PM

Menon Bearings has declared an interim dividend of Rs 2.00 per equity share for FY 2026-27, representing 200% of the Re 1 face value. The board has fixed July 22, 2026, as the record date to determine shareholder eligibility. Based on the current market price of Rs 177, this single interim dividend offers a yield of approximately 1.13%. The total estimated payout of ~Rs 11.2 crore is significant, representing roughly 34% of the company's TTM PAT of Rs 33 crore.

Interim dividend of Rs 2.00 per share declared for the financial year 2026-27
Record date for dividend eligibility established as July 22, 2026
Dividend represents 200% of the equity share face value of Re 1
Payment timeline scheduled between July 27, 2026, and August 4, 2026
Estimated payout of ~Rs 11.2 crore against TTM PAT of Rs 33 crore

💡 Investors should note the ex-dividend date (typically one business day before the record date) to be eligible for the payout and monitor the full Q1 FY27 results for operational trends.

Rs 2.00 Interim Dividend Declared by Menon Bearings; Record Date July 22, 2026

🟢 POSITIVE ⭐ 6/10

DIVIDEND 📅 16 Jul 2026, 12:55 PM

Menon Bearings has declared an interim dividend of Rs 2.00 per equity share for FY 2026-27, which is 200% of its Re 1 face value. Based on the TTM EPS of Rs 5.81, this represents a payout ratio of approximately 34.4%. The record date for determining shareholder eligibility is July 22, 2026, with the dividend yield standing at approximately 1.13% against the current price of Rs 177.0. The company maintains a healthy financial profile with a low debt-to-equity ratio of 0.18 and a high ROCE of 27.0%.

Interim dividend of Rs 2.00 per share declared for the financial year 2026-27
Dividend represents 200% of the face value of Re 1 per equity share
Record date for eligibility fixed as Wednesday, July 22, 2026
Dividend payment/dispatch scheduled between July 27, 2026, and August 4, 2026
Payout ratio is approximately 34.4% relative to the TTM EPS of Rs 5.81

💡 Investors should note the record date of July 22, 2026, to be eligible for the payout and monitor the upcoming Q1 FY27 financial results for operational performance trends.

Rs 2.00 Interim Dividend Declared; Q1 FY27 Financial Results Approved

🟢 POSITIVE ⭐ 6/10

DIVIDEND 📅 16 Jul 2026, 12:52 PM

Menon Bearings has declared an interim dividend of Rs 2.00 per share for FY 2026-27, representing 200% of the face value. The board also approved the un-audited standalone and consolidated financial results for the quarter ended June 30, 2026. The record date for dividend eligibility is set for July 22, 2026, with payments to be dispatched by August 4, 2026. This payout reflects the company's strong cash position, supported by a low debt-to-equity ratio of 0.18 and a healthy ROCE of 27.0%.

Declared an interim dividend of Rs 2.00 per equity share (200% of face value Re. 1/-).
Fixed July 22, 2026, as the Record Date for determining shareholder eligibility for the dividend.
Dividend payment timeline set between July 27, 2026, and August 4, 2026.
Approved un-audited financial results for the quarter ended June 30, 2026.
The board meeting concluded within 95 minutes, starting at 11:00 A.M. and ending at 12:35 P.M.

💡 Investors should review the detailed Q1 FY27 financial statements once fully published to verify if revenue growth is meeting the 25% target and to assess the progress of the new Brakes division.

July 17, 2026: Menon Bearings to Host Q1FY27 Earnings Conference Call

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 14 Jul 2026, 10:38 AM

Menon Bearings Limited has scheduled its Q1FY27 earnings conference call for Friday, July 17, 2026, at 2:00 PM IST. The management team, including Managing Director Mr. Arun Aradhye and members of the Promoter Group, will discuss the unaudited financial results for the quarter ended June 30, 2026. This interaction follows a period of significant stock price appreciation, with a 52.4% return over the last three months. Investors will likely seek updates on the company's 25% growth target and the progress of new product lines like brake linings.

Earnings conference call scheduled for July 17, 2026, at 14:00 hours IST.
Management representation includes the Managing Director and two members of the Promoter Group.
Discussion will focus on the Un-Audited Financial Results for the quarter ended June 30, 2026.
Company enters the call with a TTM revenue of ₹251 Cr and a healthy ROCE of 27.0%.
The call will be conducted via Zoom and recorded as per SEBI regulations.

💡 Monitor the post-call transcript or recording for management commentary on the utilization levels of the Alkop division and the execution timeline for the Allison Transmission contract in the US.

Menon Bearings Schedules Q1 FY27 Earnings Conference Call for July 17, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 14 Jul 2026, 10:03 AM

Menon Bearings Limited has scheduled its earnings conference call for the quarter ended June 30, 2026 (Q1 FY27), on July 17, 2026, at 2:00 PM IST. The call will feature the Managing Director and members of the Promoter Group to discuss the company's unaudited financial results. This interaction follows a strong trailing twelve-month (TTM) performance where the company recorded a revenue of ₹251 Cr and a PAT of ₹33 Cr. Investors will likely look for updates on the 25% expected growth rate and the commercialization of new product lines like brakes and railway components.

Earnings conference call scheduled for July 17, 2026, at 2:00 PM IST
Management representation includes Managing Director Mr. Arun Aradhye and two Promoter Group members
Discussion will focus on Un-Audited Financial Results for the quarter ended June 30, 2026
Company currently maintains a healthy ROCE of 27.0% and a low Debt/Equity ratio of 0.18
The call is coordinated by KAPTIFY Consulting and will be conducted via Zoom

💡 Monitor the Q1 FY27 financial results for margin trends (TTM OPM is 19.7%) and listen for management commentary regarding the timeline for entering the Railway segment in FY27.

Menon Bearings Submits Routine Q1 FY27 Share Dematerialization Certificate

🟡 NEUTRAL ⭐ 2/10

REGULATORY 📅 12 Jul 2026, 02:19 PM

Menon Bearings has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The document confirms that for the quarter ended June 30, 2026, all physical share certificates received for dematerialization were processed, mutilated, and cancelled within prescribed timelines. The Registrar and Share Transfer Agent, MUFG Intime India Private Limited, has updated the register of members accordingly. This is a standard administrative procedure with no impact on business operations or financial health.

Compliance certificate issued for the quarter ended 30th June, 2026
Confirmation provided by Registrar MUFG Intime India Private Limited (formerly Link Intime)
Physical certificates were mutilated and cancelled after due verification
Register of members updated with depositories as registered owners within prescribed timelines

💡 No action is required as this is a routine procedural filing. Investors should look forward to the upcoming quarterly financial results for material updates on company performance.

View All MENONBE Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Consolidated revenue from operations grew 14.1% YoY to INR 242.52 Cr in FY25 compared to INR 212.62 Cr in FY24. The Bi-Metal division remains the primary contributor, while the Alkop (Aluminum) division showed healthy growth driven by exports. The Brakes division, a newer segment, contributed INR 4 Cr in H1 FY26 with a full-year FY26 target of INR 13-14 Cr.

Geographic Revenue Split

Approximately 80-90% of revenue is derived from the domestic Indian market, primarily the auto sector. Export revenue is expected to increase significantly starting Jan-Feb 2026 following the commencement of billing for the Allison Transmission order in the US, which involves two batches of parts already dispatched for warehousing.

Profitability Margins

Gross Profit Margin stood at 59.54% in FY25, a slight decline from 61.60% in FY24. Net Profit Margin (PAT) decreased from 11.46% in FY24 to 10.28% in FY25. The decline is attributed to the separation of the Alkop division and higher operating expenses related to new capacity commissioning.

EBITDA Margin

EBITDA margin was 18.62% in FY25 (INR 45.16 Cr), down from 20.37% in FY24 (INR 43.32 Cr). Margins were impacted by higher OpEx costs following a major INR 30 Cr capex program; however, H1 FY26 margins showed recovery to 18.8%.

Capital Expenditure

The company executed a significant capex of INR 30 Cr in FY24 and INR 10 Cr in FY25. Specific investments include INR 20 Cr in the Bi-Metal division, INR 20.5 Cr in Alkop (INR 12.5 Cr incurred + INR 8 Cr ongoing), and INR 12 Cr in the Brakes division (INR 9 Cr incurred + INR 3 Cr for inspection equipment).

Credit Rating & Borrowing

CRISIL reaffirmed 'CRISIL BBB+/Stable' for long-term and 'CRISIL A2' for short-term facilities. Interest coverage ratio remains strong at 13.8x in FY24, though down from 18.36x in FY23 due to increased debt-funded capex.

⚙️ Operational Drivers

Raw Materials

Bi-metal strips, Aluminum (for Alkop division), and materials for brake linings/shoes. Raw material and direct costs represent approximately 40.46% of total revenue based on FY25 gross margins.

Import Sources

Not specifically disclosed in available documents, though manufacturing plants are concentrated in Kolhapur, Maharashtra.

Capacity Expansion

Capacity additions are focused on the Bi-Metal and Alkop divisions to meet export demand. Significant capex is completed, with no major requirements planned until the second half of 2027 (FY28).

Raw Material Costs

Raw material costs are managed through efficient working capital; however, gross margins compressed by 2.06% in FY25, indicating rising input costs or a change in product mix toward lower-margin segments.

Manufacturing Efficiency

The company is focusing on increasing revenue from existing new plants to drive incremental margins through better absorption of fixed OpEx costs.

📈 Strategic Growth

Expected Growth Rate

25%

Growth Strategy

Growth will be driven by the commercialization of new product lines (Brakes), expansion of the Alkop division for export markets, and a major new contract with Allison Transmission in the US. The company also plans to enter the Railway segment in FY27 and is focusing on large-diameter bearings in the Bi-Metal division.

Products & Services

Bearings, bushes, thrust washers, bi-metal strips, aluminum die-cast products, brake linings, and brake shoes.

Brand Portfolio

Menon Bearings, Alkop, Menon Brakes.

New Products/Services

Brake linings and brake shoes launched via Menon Brakes Pvt Ltd (commercial production started April 2023); entry into Railway components planned for FY27.

Market Expansion

Expanding presence in the US market through the Allison Transmission partnership and increasing export focus in the Alkop division.

Strategic Alliances

Partnership with Allison Transmission (US) for part supply; upcoming partnership with Indian Railways for FY27.

🌍 External Factors

Industry Trends

The industry is seeing a shift toward specialized auto components and aluminum die-casting. Menon is positioning itself by diversifying into brakes and non-auto segments like oil and gas and electrical to reduce its 80-90% auto-dependency.

Competitive Landscape

Competes with other auto-component manufacturers in the bearings and braking segments; market dynamics are influenced by OEM procurement cycles.

Competitive Moat

Moat is built on a 30-year established market position and long-standing relationships with Tier-1 OEMs like John Deere and Tata Motors. This is sustainable due to high entry barriers in OEM supply chains involving rigorous testing (e.g., dynamometer testing for brakes).

Macro Economic Sensitivity

Highly sensitive to the Indian agricultural economy (tractor demand) and industrial activity (commercial vehicles).

Consumer Behavior

Shift toward higher-quality, durable engine components in the CV and tractor segments.

Geopolitical Risks

Export growth to the US (Allison) makes the company sensitive to international trade relations and shipping timelines (45-50 days transit to US).

⚖️ Regulatory & Governance

Industry Regulations

Complies with SEBI (LODR) Regulations 2015 and automotive manufacturing standards required by OEMs like Tata Motors and John Deere.

Environmental Compliance

The company maintains a focus on pollution-free and clean environments as part of its corporate philosophy.

Taxation Policy Impact

Effective tax rate was approximately 26.3% in FY25 (INR 8.91 Cr tax on INR 33.84 Cr PBT).

⚠️ Risk Analysis

Key Uncertainties

Cyclicality of the tractor and CV segments could lead to revenue volatility; successful scaling of the new Brakes division is critical for margin recovery.

Geographic Concentration Risk

Heavy concentration in Maharashtra for manufacturing and India for sales (80-90%).

Third Party Dependencies

High dependency on key OEM clients like John Deere and Tata Motors for the majority of the order book.

Technology Obsolescence Risk

Risk of shift toward electric vehicles (EVs) which may use fewer traditional engine bearings, though the company is diversifying into brakes and aluminum parts.