Menon Pistons Ltd. – Company Report
1. Company Overview
Menon Pistons Ltd., established in 1971 and headquartered in Kolhapur, Maharashtra, is India’s premier manufacturer of high-precision pistons and critical automotive components. The company serves the passenger car, commercial vehicle, industrial diesel, power generation, earthmoving, and compressor segments, supplying both domestic and international OEMs. Known for several technological “firsts” in the Indian market, Menon Pistons pioneered the Austenitic Cast Iron Ring Carrier (Alfin) piston and continues to be the only Indian company with the capacity to design and manufacture steel-forged pistons. With more than 1,500 employees across seven manufacturing locations and a fully integrated production setup, the company enjoys strong partnerships with leading OEMs such as Siemens, Wipro, Cummins, Escorts, Eicher, Mahindra, Maruti Suzuki, Volvo, Tata Motors, and Ingersoll Rand.
- Incorporated: 1971 (public company since 1994)
- Headquarters: Kolhapur, Maharashtra, India
- Employees: 1,500+
- Certifications: Advanced technical collaborations (Japan, South Korea)
- Executive Leadership: Sachin Ram Menon (Chairman & Managing Director, 28.2% ownership), Gayatri Sachin Menon (14.2% ownership)
- Export Markets: 20+ countries worldwide
2. Products and Services
Menon Pistons offers a comprehensive suite of products:
- Pistons & Powertrain Parts: Aluminium alloy pistons, forged steel pistons, piston rings, cast iron pistons, ductile iron pistons, single and double Alfin pistons, articulated pistons, oil-cooled gallery pistons, friction welded steel pistons, and gudgeon pins.
- Valvetrain Components: Rocker arms, rocker levers, shafts, precision rollers and pins, lifter bodies, and related assemblies.
- Hydraulic & Precision Parts: Control valve spools, hydraulic valve plungers, valve housings, slider rings, and oil control valve assemblies.
- Machined Components: High-precision turned and machined castings, bar-route shaft components, injector parts, power steering assemblies.
- Applications: Automotive, industrial, agricultural, defense, power generation, compressors, and off-highway equipment.
- Engineering & Export Solutions: Complete piston assemblies, valvetrain kits, and custom-engineered solutions for OEMs and aftermarket clients globally.
The company’s vertically integrated manufacturing and advanced laboratory facilities enable them to deliver high-quality, durable, fuel-efficient, and environmentally friendly solutions for both traditional ICE vehicles and heavy-duty engines.
3. Recent News and Financial Performance
Business Developments:
- Expanded product lines for new-generation engines with stringent emission and performance requirements.
- Secured large domestic and export orders, with expanded reach in international markets.
- Continued investment in manufacturing automation, quality controls, and new plant capacity.
4. Financial Performance (FY2025)
| Metric | FY2025 Value |
|---|---|
| Total Revenue | ₹253.66 crore |
| Net Profit | ₹23.85 crore |
| Earnings Per Share | ₹4.68 |
| Net Profit Margin | 9.4% |
| Return on Equity (ROE) | 16.4% |
| Dividend Payout % | 21% |