General information about company
Scrip code*		520043
NSE Symbol*		MUNJALSHOW
MSEI Symbol*		NOTLISTED
ISIN*		INE577A01027
Name of company		MUNJAL SHOWA LIMITED
Type of company		Main Board
Class of security		Equity
Date of start of financial year		01-04-2025
Date of end of financial year		31-03-2026
Date of board meeting when results were approved		14-11-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange		08-11-2025
Description of presentation currency		INR
Level of rounding		Lakhs
Reporting Type		Quarterly
Reporting Quarter		Second quarter
Nature of report standalone or consolidated		Standalone
Whether results are audited or unaudited for the quarter ended		Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended		Unaudited
Segment Reporting		Single segment
Description of single segment		Auto components for two wheeler and four wheeler industry
Start date and time of board meeting		14-11-2025 12:53
End date and time of board meeting		14-11-2025 14:15
Whether cash flow statement is applicable on company		Yes
Type of cash flow statement		Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification		Not applicable
Whether the company has any related party?		Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?		Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public		NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of bank’s staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.		NA
(III) Whether the company is a ‘high value debt listed entity’ according to regulation 15 (1A)?		No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?		Yes
Latest Date on which RPT policy is updated		14-11-2025
Indicate Company website link for updated RPT policy of the Company		https://munjalshowa.net/wp-content/uploads/2025/02/RELATED-PARTY-TRANSACTIONS-POLICY.pdf
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter?		No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity?	No	The disclosure for the Default on Loans and Debt Securities is Not applicable to the entity.

Financial Results – Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-07-2025	01-04-2025
Date of end of reporting period		30-09-2025	30-09-2025
Whether results are audited or unaudited		Unaudited	Unaudited
Nature of report standalone or consolidated		Standalone	Standalone
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	33262.43	61866.49
	Other income	338.3	1439.67
	Total income	33600.73	63306.16
2	Expenses
(a)	Cost of materials consumed	26047.83	48613.84
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	-84.48	-313.16
(d)	Employee benefit expense	3227.21	6025.23
(e)	Finance costs	0.36	0.83
(f)	Depreciation, depletion and amortisation expense	256.34	525.94
(g)	Other Expenses
1	Other Expenses	3758.64	7070.52
	Total other expenses	3758.64	7070.52
	Total expenses	33205.9	61923.2
3	Total profit before exceptional items and tax	394.83	1382.96
4	Exceptional items	0	0
5	Total profit before tax	394.83	1382.96
6	Tax expense
7	Current tax	131.93	158.7
8	Deferred tax	-9.91	123.28
9	Total tax expenses	122.02	281.98
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	272.81	1100.98
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	272.81	1100.98
17	Other comprehensive income net of taxes	-16.23	-32.45
18	Total Comprehensive Income for the period	256.58	1068.53
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent
	Total profit or loss, attributable to non-controlling interests
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent
	Total comprehensive income for the period attributable to owners of parent non-controlling interests
21	Details of equity share capital
	Paid-up equity share capital	799.93	799.93
	Face value of equity share capital	2	2
22	Reserves excluding revaluation reserve
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	0.68	2.75
	Diluted earnings (loss) per share from continuing operations	0.68	2.75
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
iii	Earnings per equity share (for continuing and discontinued operations)
	Basic earnings (loss) per share from continuing and discontinued operations	0.68	2.75
	Diluted earnings (loss) per share from continuing and discontinued operations	0.68	2.75
24	Debt equity ratio	0	0	Textual Information( 1)
25	Debt service coverage ratio	0	0	Textual Information( 2)
26	Interest service coverage ratio	0	0	Textual Information( 3)
27	Disclosure of notes on financial results	Textual Information(4)

Text Block

Textual Information(4)

3.The above results for the quarter and half year ended September 30, 2025 have been reviewed and recommended by the Audit Committee and approved by the Board of Directors in their respective meetings held on November 14, 2025. The Financial Results have been subjected to Limited review by the statutory auditors.

4. These financial results have been prepared in accordance with recognition and measurement principles laid down in Ind AS-34 "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("the Listing Regulation").

5. As the Company's business activities fall within a single primary business segment viz. auto components, hence only one reportable operating segment as per ‘Ind-AS 108 : Operating Segments’.

6. Total expenses for the quarter and half year ended September 30,2025 are higher by Rs. 322.51 Lakhs due to separation cost paid to employees opting Voluntary Retirement Scheme (VRS) under the existing VRS and 'Total expenses' for the quarter and half year ended September 30,2024 are higher due to one-time provisions aggregating to Rs. 1,011.22 Lakhs, including separation cost paid to employee opting for VRS under the existing VRS.

7. The Board in its meeting held on May 26, 2025 considered and approved a final dividend @ 225% i.e Rs. 4.5 per share (Nominal value of Rs. 2 each) aggregating to Rs. 1,799.78 lakhs for the financial year 2024-25 which has been approved by the shareholders in the Annual General Meeting held on August 20, 2025.

8. The Company has no subsidiary, associate or joint venture Company(ies), as on September 30, 2025.

9. The above results of the Company are available on the Company's website www.munjalshowa.net and also on www.bseindia.com and www.nseindia.com.

Statement of Asset and Liabilities
Particulars		Half Year ended (dd-mm-yyyy)
Date of start of reporting period		01-04-2025
Date of end of reporting period		30-09-2025
Whether results are audited or unaudited		Unaudited
Nature of report standalone or consolidated		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	11267.15
	Capital work-in-progress	44.6
	Investment property	0
	Goodwill	0
	Other intangible assets	130.62
	Intangible assets under development	0
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	2955.83
	Trade receivables, non-current	0
	Loans, non-current	117.35
	Other non-current financial assets	560.19
	Total non-current financial assets	3633.37
	Deferred tax assets (net)	156.47
	Other non-current assets	6730.76
	Total non-current assets	21962.97
2	Current assets
	Inventories	8084.82
	Current financial asset
	Current investments	29565.38
	Trade receivables, current	22733.19
	Cash and cash equivalents	429.76
	Bank balance other than cash and cash equivalents	79.5
	Loans, current	1017.3
	Other current financial assets	3.1
	Total current financial assets	53828.23
	Current tax assets (net)	0
	Other current assets	598.88
	Total current assets	62511.93
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	84474.9
	Total current assets	62511.93
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	84474.9
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	799.93
	Other equity	65916.16
	Total equity attributable to owners of parent	66716.09
	Non controlling interest
	Total equity	66716.09
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	0
	Trade Payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0
	Total Trade payable	0
	Other non-current financial liabilities	0
	Total non-current financial liabilities	0
	Provisions, non-current	1159.84
	Deferred tax liabilities (net)	0
	Deferred government grants, Non-current	0
	Other non-current liabilities	0
	Total non-current liabilities	1159.84
	Current liabilities
	Current financial liabilities
	Borrowings, current	0
	Trade Payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	2842.41
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	11594.69
	Total Trade payable	14437.1
	Other current financial liabilities	204.25
	Total current financial liabilities	14641.35
	Other current liabilities	1674.62
	Provisions, current	283
	Current tax liabilities (Net)	0
	Deferred government grants, Current	0
	Total current liabilities	16598.97
3	Liabilities directly associated with assets in disposal group classified as held for sale	0
4	Regulatory deferral account credit balances and related deferred tax liability	0
	Total liabilities	17758.81
	Total equity and liabilities	84474.9
	Disclosure of notes on assets and liabilities	Textual Information(1)

Other Comprehensive Income
Date of start of reporting period		01-07-2025	01-04-2025
Date of end of reporting period		30-09-2025	30-09-2025
Whether results are audited or unaudited		Unaudited	Unaudited
Nature of report standalone or consolidated		Standalone	Standalone
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
	Total Amount of items that will not be reclassified to profit and loss
2	Income tax relating to items that will not be reclassified to profit or loss	21.68	43.36
3	Amount of items that will be reclassified to profit and loss
	Total Amount of items that will be reclassified to profit and loss
4	Income tax relating to items that will be reclassified to profit or loss	-5.45	-10.91
5	Total Other comprehensive income	-16.23	-32.45

Cash flow statement, indirect
Particulars		Half Year ended (dd-mm-yyyy)
Date of start of reporting period		01-04-2025
Date of end of reporting period		30-09-2025
Whether results are audited or unaudited		Unaudited
Nature of report standalone or consolidated		Standalone
Part I	Blue color marked fields are non-mandatory.
1	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax	1382.96
2	Adjustments for reconcile profit (loss)
	Adjustments for finance costs	0.83
	Adjustments for decrease (increase) in inventories	-358.03
	Adjustments for decrease (increase) in trade receivables, current	-5947.4
	Adjustments for decrease (increase) in trade receivables, non-current	0
	Adjustments for decrease (increase) in other current assets	449.67
	Adjustments for decrease (increase) in other non-current assets	2.84
	Adjustments for other financial assets, non-current	18.66
	Adjustments for other financial assets, current	0
	Adjustments for other bank balances	0
	Adjustments for increase (decrease) in trade payables, current	2411.21
	Adjustments for increase (decrease) in trade payables, non-current	0
	Adjustments for increase (decrease) in other current liabilities	-36.27
	Adjustments for increase (decrease) in other non-current liabilities	0
	Adjustments for depreciation and amortisation expense	525.94
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss	0
	Adjustments for provisions, current	41.96
	Adjustments for provisions, non-current	-13.12
	Adjustments for other financial liabilities, current	65.62
	Adjustments for other financial liabilities, non-current	0
	Adjustments for unrealised foreign exchange losses gains	6.15
	Adjustments for dividend income	0.19
	Adjustments for interest income	196.01
	Adjustments for share-based payments	0
	Adjustments for fair value losses (gains)	-1091.48
	Adjustments for undistributed profits of associates	0
	Other adjustments for which cash effects are investing or financing cash flow	-112.78
	Other adjustments to reconcile profit (loss)	-589.21
	Other adjustments for non-cash items	0
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships	0
	Total adjustments for reconcile profit (loss)	-4821.61
	Net cash flows from (used in) operations	-3438.65
	Dividends received	0
	Interest paid	0
	Interest received	0
	Income taxes paid (refund)	500.67
	Other inflows (outflows) of cash	0
	Net cash flows from (used in) operating activities	-3939.32
3	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses	0
	Cash flows used in obtaining control of subsidiaries or other businesses	0
	Other cash receipts from sales of equity or debt instruments of other entities	0
	Other cash payments to acquire equity or debt instruments of other entities	0
	Other cash receipts from sales of interests in joint ventures	0
	Other cash payments to acquire interests in joint ventures	0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships	0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships	0
	Proceeds from sales of property, plant and equipment	11.25
	Purchase of property, plant and equipment	246.68
	Proceeds from sales of investment property	9057
	Purchase of investment property	5499.73
	Proceeds from sales of intangible assets	0
	Purchase of intangible assets	0
	Proceeds from sales of intangible assets under development	0
	Purchase of intangible assets under development	0
	Proceeds from sales of goodwill	0
	Purchase of goodwill	0
	Proceeds from biological assets other than bearer plants	0
	Purchase of biological assets other than bearer plants	0
	Proceeds from government grants	0
	Proceeds from sales of other long-term assets	40.97
	Purchase of other long-term assets	24.5
	Cash advances and loans made to other parties	0
	Cash receipts from repayment of advances and loans made to other parties	0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts	0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts	0
	Dividends received	0.19
	Interest received	197.09
	Income taxes paid (refund)	0
	Other inflows (outflows) of cash	23.83
	Net cash flows from (used in) investing activities	3559.42
4	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries	0
	Payments from changes in ownership interests in subsidiaries	0
	Proceeds from issuing shares	0
	Proceeds from issuing other equity instruments	0
	Payments to acquire or redeem entity's shares	0
	Payments of other equity instruments	0
	Proceeds from exercise of stock options	0
	Proceeds from issuing debentures notes bonds etc	0
	Proceeds from borrowings	0
	Repayments of borrowings	0
	Payments of lease liabilities	0
	Dividends paid	1790.78
	Interest paid	0.83
	Income taxes paid (refund)	0
	Other inflows (outflows) of cash	0
	Net cash flows from (used in) financing activities	-1791.61
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes	-2171.51
5	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents	0
	Net increase (decrease) in cash and cash equivalents	-2171.51
	Cash and cash equivalents cash flow statement at beginning of period	2601.27
	Cash and cash equivalents cash flow statement at end of period	429.76

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)

Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.

Sr. No.

Details of the party (listed entity /subsidiary) entering into the transaction

Details of the counterparty

Type of related party transaction

Details of other related party transaction

Value of the related party transaction as approved by the audit committee

Remarks on approval by audit committee

Value of the related party transaction ratified by the audit committee

Date of Audit Committee Meeting where the ratification was approved

Value of transaction during the reporting period

In case monies are due to either party as a result of the transaction

In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments

Details of the loans, inter-corporate deposits, advances or investments

Name

PAN

Name

PAN

Relationship of the counterparty with the listed entity or its subsidiary

Opening balance

Closing balance

Nature of indebtedness (loan/ issuance of debt/ any other etc.)

Details of other indebtedness

Cost

Tenure

Nature (loan/ advance/ intercorporate deposit/ investment)

Interest Rate (%)

Tenure

Secured/ unsecured

Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)

Notes

MUNJAL SHOWA LIMITED

AAACM0070D

SHIVAM AUTOTECH LIMITED

AAJCS7372M

Promoter Group Enterprise over which directors and their relatives have signicant influence

Purchase of goods or services

3000

UNANIMOUSLY APPROVED

407.42

MUNJAL SHOWA LIMITED

AAACM0070D

SHIVAM AUTOTECH LIMITED

AAJCS7372M

Promoter Group Enterprise over which directors and their relatives have signicant influence

Sale of goods or services

3000

UNANIMOUSLY APPROVED

128.7

240.71

337.11

MUNJAL SHOWA LIMITED

AAACM0070D

HITACHI ASTEMO LIMITED

AACCH4150R

Promoter Group (Enterprise having Significance Influence over the Company)

Purchase of goods or services

5000

UNANIMOUSLY APPROVED

675.97

MUNJAL SHOWA LIMITED

AAACM0070D

HITACHI ASTEMO LIMITED

AACCH4150R

Promoter Group (Enterprise having Significance Influence over the Company)

Sale of goods or services

5000

UNANIMOUSLY APPROVED

0.89

MUNJAL SHOWA LIMITED

AAACM0070D

HITACHI ASTEMO LIMITED

AACCH4150R

Promoter Group (Enterprise having Significance Influence over the Company)

Any other transaction

ROYALTY

5000

UNANIMOUSLY APPROVED

1569.04

MUNJAL SHOWA LIMITED

AAACM0070D

HITACHI ASTEMO LIMITED

AACCH4150R

Promoter Group (Enterprise having Significance Influence over the Company)

Any other transaction

DESIGN AND DRAWING FEES

5000

UNANIMOUSLY APPROVED

18.2

MUNJAL SHOWA LIMITED

AAACM0070D

HITACHI ASTEMO LIMITED

AACCH4150R

Promoter Group (Enterprise having Significance Influence over the Company)

Any other transaction

EXPENSES REIMBURSEMENT

5000

UNANIMOUSLY APPROVED

85.81

MUNJAL SHOWA LIMITED

AAACM0070D

SHIVAM AUTOTECH LIMITED

AAJCS7372M

Promoter Group Enterprise over which directors and their relatives have signicant influence

Advance

3000

UNANIMOUSLY APPROVED

400

950

600

MUNJAL SHOWA LIMITED

AAACM0070D

SHIVAM AUTOTECH LIMITED

AAJCS7372M

Promoter Group Enterprise over which directors and their relatives have signicant influence

Interest received

3000

UNANIMOUSLY APPROVED

49.51

Total value of transaction during the reporting period

3335.54

General information about company

Financial Results – Ind-AS

Text Block

Statement of Asset and Liabilities

Other Comprehensive Income

Cash flow statement, indirect

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)