Menon Bearings Ltd. – Company Report
1. Company Overview
Menon Bearings Ltd. (MBL), established in 1991 and headquartered in Kolhapur, Maharashtra, is a leading Indian manufacturer of precision-engineered auto and industrial components, including engine bearings, bushes, thrust washers, and aluminum die-casting parts. Its high-performance products serve both automotive and non-automotive segments, particularly in engines, drivetrains, and structural systems.
The company is a single-source vendor for multiple global OEMs, with 30–35% of production exported to 24 countries, including markets in North America, Europe, Latin America, and Asia. MBL operates advanced manufacturing units and emphasizes R&D, quality control, and customization capabilities.
Executive Chairman Nitin Ram Menon and Managing Director Ramesh D. Dixit lead the company, which employs around 243 professionals. Menon Bearings is listed on both NSE (MENONBE) and BSE, with a market capitalization of approximately ₹768 crore (as of July 2025).
Key Highlights:
Incorporated: 1991
Headquarters: Kolhapur, Maharashtra, India
Employees: ~243
Certifications: ISO 9001 and other global accreditations
Exports: 30–35% of production, across 24 countries
Market Cap: ~₹768 crore (July 2025)
Stock Listings: NSE (MENONBE), BSE
Leadership:
- Nitin Ram Menon (Executive Chairman)
- Ramesh Dattatraya Dixit (Managing Director)
2. Products and Services
Menon Bearings offers an integrated portfolio of high-precision components catering to internal combustion engines, electric vehicles, off-highway vehicles, and industrial applications:
Engine Bearings:
- For crankshafts, connecting rods, camshafts
- Trimetal, bimetal, and PTFE-coated variants
Bushes:
- Rocker arms, camshafts, rocker shafts
- Truncated, indented, plain, and flanged types
Thrust Washers:
- Flat and contoured face designs
- Designed for heavy-duty and high-load environments
Aluminum Die-Cast & Machined Parts:
- Gearcase covers, clutch housings, end shields
- Explosion-proof enclosures, compressor rods, cylinder heads
Brake Linings & Pads (Asbestos-Free):
- For commercial vehicles, agricultural equipment, and specialty applications
MBL’s facilities are vertically integrated, offering rapid prototyping, tribological coatings, and stringent quality validation, supporting both small-batch custom orders and high-volume manufacturing.
3. Recent News and Strategic Developments
DII bought shares in the company (September 2024): Ambit Investment Advisors Private Limited, a DII bought 8,61,704 equity shares which are equivalent to 1.5 percent with an average price of Rs 120. This translation is valued at ₹10.3 crore. As of June 2024, Nitin Ram Menon, a promoter of the company holds 1.6 crore equity shares which is equivalent to 29.29 percent of Menon Bearings Ltd, however, the promoter sold 9,73,326 equity shares at an average price of Rs 120.01 per share.
Strategic US Order – Allison Transmission (June 2025): MBL secured a long-term order from US-based Allison Transmission, involving annual supply of 7.5 million units (bushings and thrust washers), worth approximately $3.73 million per year, with potential for multi-year execution.
Export Expansion: Continued growth in international markets with new client acquisitions.
Technology Investments: Modernization of manufacturing lines and efficiency-focused upgrades across plants.
EV-Ready Product Line: Introduction of components adaptable for electric vehicle applications.
4. Financial Performance (FY2025)
| Metric | FY2025 |
|---|---|
| Revenue | ₹243.78 crore |
| Net Profit | ₹24.93 crore |
| Operating Profit | ₹42 crore |
| Operating Profit Margin | 19% |
| Net Profit Margin | 10% (↓ from 11% in FY2024) |
| EPS (Earnings per Share) | ₹4.45 (↑ from ₹4.35 in FY2024) |
| Dividend Payout Ratio | ~45% |