MENONBE
Menon Bearings Limited
If management delivers what it guided
arithmetic on filed guidance and past valuations · not a price target
MENONBE
FY26 → FY27 · 1 year of guidance · ~0.7 years from today₹211 today
BEAR
₹130
-38%
19.5% a year · 15.9x exit
BASE
₹165
-22%
33.7% a year · 18x exit
BULL
₹247
+17%
45.8% a year · 24.8x exit
Where the market has priced it
16x31x today — outside the range27x
- multiple band rests on only 4 filed years
- at 31x its FY26 earnings the stock already trades above the top of its own ten-year range (25x)
How these numbers are produced
| Earnings base | FY26 fiscal year EPS ₹6.83 (screener) |
|---|---|
| Guided growth | 33.7% a year, said on the call of 22-Jul-2026 · transcript |
| Read across as | operating: guided margin x own realised revenue CAGR — medium confidence |
| Delivery calibration | 0.58x / 1x / 1.36x of what was guided — measured: 76 annual guided-vs-filed pairs + 77 near-complete quarterly years — NSE transcripts against the companies' own filings |
| Exit multiple | 15.92x / 18x / 24.77x, this company’s own p20 / median / p80 across 4 filed years |
| Filed-industry peers | median 24.21x across 15 peers — the cross-check, not the input |
| Arithmetic | base EPS × (1 + guided growth × delivery)1 × exit multiple |
Arithmetic on management’s own guidance and this company’s own past valuations. Not a price target, not a recommendation, and not a forecast of what the stock will do.
What management said
from a third-party research digest · not our own extraction
implied earnings growth 34%
For FY27-28, EBITDA margins of 20-22%, turnover growth of 25% YoY, INR500 crores revenue by 2028, and INR30 crores pipeline from new parts. Export share increased to 36%.
Call 22-Jul-2026 · bridge confidence medium · transcript PDF