Menon Bearings News and Updates

Name: Latest research reports of Menon Bearings Ltd. authored by Angel Broking and published by - Trendlyne research reports.
Item: Menon Bearings Ltd.
Rating: 5
Author: Angel Broking

Keep track of all breaking news on Menon Bearings from all sources in a single place.

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Menon Bearings Ltd.

18 Dec 2017

105.80

-1.20%

Initiating Coverage

Buy: Menon Bearings Ltd.

Angel Broking

MBL makes engine bearings, bushes and thrust washers for commercial vehicles (CV). Bearings business represents 55% of its total sales, where it caters only to CVs. On that backdrop, the recovery in the CV sales is going to be positive for MBL. Company claims that the bearings business has certain entry barriers, hence its customer base i..

Menon Bearings has lost -20.73% in the last 3 Months

Menon Bearings Ltd.

28 Apr 2017

105.80

-1.20%

Menon Bearings Ltd: Witnessing Significant Demand Pick Up (Apr 28, 2017)

Hold: Menon Bearings Ltd.

Target

Karvy

Witnessing Significant Demand Pick Up: Impressive Q4 numbers along with double digit YoY growth - Menon Bearings has registered turnover growth of 12.8% sequentially mainly owing torecuperating demand environment nullifying the demonetization effect, however has shown a flattish YoY growth of 7.8% for Q4FY17. EBITDA & EBIT margins haveexpanded by 41 bps, 263 bps QoQ, however contracted by 278 bps & 153 bps YoY respectively though. PAT margin has recorded an impressive expansion of 391 bps QoQ & 385 bps YoY. Whole year performance (FY17) has been optimistic with asales growth of 10.8% along with EBITDA, EBIT & PAT Margin expansion of 84 bps, 78 bps & 223 bps to reach 26.6%, 22.4% & 15.7% respectively compared to FY16.

Menon Bearings Ltd. is trading below all available SMAs

Menon Bearings Ltd.

13 Feb 2017

105.80

-1.20%

Menon Bearings Ltd: Significant Demand Pick-up to Aid Growth (Feb 13, 2017)

Hold: Menon Bearings Ltd.

Target

Karvy

Significant Demand Pick-up to Aid Growth: Q3 numbers hit by Macro factors - Menon Bearings has registered turnover de-growth of 11.8% sequentially mainly owing to unfavorable demand environmentcaused due to demonetization, however has shown 11.9% YoY growth for Q3FY17 owing to improved volumes. EBITDA & EBIT margins have contracted by 207 bps,266 bps QoQ and 125 bps & 196 bps YoY respectively. 9 months YTD performance has been optimistic with a sales growth of 11.9% along with EBITDA, EBIT & PAT Margin expansion of 217 bps, 166 bps & 167 bps to reach 26.9%, 22.3% & 14.7% respectively.

Menon Bearings has lost -20.73% in the last 3 Months

Menon Bearings Ltd.

25 Oct 2016

105.80

-1.20%

Menon Bearings Ltd: Significant Demand Pick-up to Aid Growth (Oct 25, 2016)

Hold: Menon Bearings Ltd.

Karvy

Significant Demand Pick-up to Aid Growth: Consistent revenue growth along with healthy ratios: Menon Bearings has registered a turnover growth of 2.9% sequentially & 11.9% YoY growth for Q1FY17owing to improved volumes.However, H1FY17 turnover has recorded a 14.1% growth compared to YoY. Though EBITDA margin has contracted by 70 bps QoQ ithas expanded by 200 bps YoY. Also the H1FY17 EBITDA margin has expanded by 370 bps YoY. EBIT & Net profit margins have also clocked similar trends comparedto QoQ & YoY.

Menon Bearings has lost -20.73% in the last 3 Months

Menon Bearings Ltd.

28 Aug 2016

105.80

-1.20%

Menon Bearings to turn ex-bonus

Business Line

Menon Bearings will turn exbonus on Tuesday. The company is rewarding its shareholders with bonus shares in the ratio of 1:5 (one share for every five shares held), for which it has fixed Wednesday a...

Menon Bearings Ltd. is trading below all available SMAs

Menon Bearings Ltd.

02 Mar 2016

105.80

-1.20%

Menon Bearings Ltd: Riding Along with Automotives Growth (Mar 02, 2016)

Buy: Menon Bearings Ltd.

Karvy

Surge in auto & auto components sales & uptick in industrial activity to up revenue by 10.3% for FY15-FY18E: With automotive industry estimated to grow at a CAGR of 10.1% for FY15-FY17E coupled with auto components industry expected to record a CAGR of 24.5% to reach a high of $115Bn by FY20E from the current levels of $38.5 Bn combined With IIP & core sector growth, finally exhibiting signs of recovery on the back of strong macro-economic factors. Menon bearings, having a near perfect correlation with auto sales & IIP growth, is well poised to grow at a CAGR of 10.3% for FY15-FY18E.

Menon Bearings has lost -20.73% in the last 3 Months

Is Menon Bearings Ltd. worth buying?

85 Votes:

Buy 76.47%

Sell 14.12%

Hold 9.41%

27.48% Fall from 52W High

Menon Bearings News and Updates

Keep track of all breaking news on Menon Bearings from all sources in a single place.