Mohindra Fasteners Ltd
Rohtak-based maker of high-tensile fasteners exporting ~70% of output, with ₹165 Cr revenue and 9% net margins. Rate on request — the figure shown is an indicative level from public dealer quotes.
Market cap
₹156.7 Cr
0.53 Cr shares
P/E ratio
14.92
Sector average 30
Book value
₹222.01
P/B 1.32
1-year return
-7.56%
52w ₹235 – ₹330
Currently 62% of the way through its 52-week range.
Indicative price history
1Y change
-7.15% ₹317 → ₹294
52-week band in this window: ₹286.69 – ₹321.68. Weekly indicative marks, not exchange-traded prices.
Key highlights
- About 70% of revenue from exports; domestic clients include Hero MotoCorp, Maruti Suzuki, Hyundai and Tata Motors.
- FY24 record year: revenue ₹177 Cr, EBITDA ₹27 Cr, PAT ₹16 Cr; FY25 revenue ₹165 Cr with ~9% net margin.
- Promoters hold ~70.3%; ICRA ratings reaffirmed on strong financial profile and low leverage.
About Mohindra Fasteners
Mohindra Fasteners Ltd (MFL) was incorporated in January 1995 by the Arneja and Juneja families, who had earlier traded fasteners, and manufactures high-tensile bolts, screws, studs and specialised cold-forged parts at plants near Rohtak, Haryana. Automotive customers include Hero MotoCorp, Maruti Suzuki, Hyundai India and Tata Motors, but exports — largely to Europe and North America for industrial and automotive applications — contribute about 70% of revenue.
Revenue grew from ₹172 Cr in FY23 to ₹177 Cr in FY24, the company's best year with ₹27 Cr EBITDA and ₹16 Cr PAT, before slipping 7% to ₹165.2 Cr in FY25 on muted export demand; operating profit fell to about ₹23 Cr while net margins held near 9%. Quarterly filings show sales of ₹51.6 Cr and profit of ₹4.9 Cr in the March 2026 quarter and profit up 21% in the June 2026 quarter. ICRA has reaffirmed its ratings, citing healthy margins and limited dependence on debt (debt-equity 0.32 in FY25).
Promoters hold about 70.3%. Deepak Arneja is Managing Director and runs operations with Anurag Arneja; Ravinder Mohan Juneja, Vinod Kumar, Ranbir Singh Narang, Ved Prakash Chaudhry and Shamoli Thakur complete the board. Reserves have grown from ₹89 Cr to ₹113 Cr over three years and the company has a long dividend record.
Rate on request — the figure shown is an indicative level from public dealer quotes (₹294 in May 2026). Share count, FY23 and FY25 profit and balance-sheet line items are reconstructed around reported totals; treat them as approximate.
Where the revenue comes from
- Export fasteners70%
High-tensile bolts, screws and special parts for overseas automotive and industrial buyers
- Domestic OEM fasteners25%
Supplies to Hero MotoCorp, Maruti Suzuki, Hyundai, Tata Motors and tier-1s
- Aftermarket & other5%
Standard parts, tooling and job work
Products & services
High-tensile bolts & screws
Grade 8.8 to 12.9 hex, flange and socket fasteners for engines, chassis and industrial equipment.
Special cold-forged parts
Parts made to customer drawings, including studs, pins and shafts.
Standard & DIN parts
Catalogue fasteners to DIN/ISO norms for distributors and MRO buyers.
What works
- • Established export franchise (~70% of sales) with three decades of OEM approvals in automotive and industrial fasteners.
- • Consistent profitability — FY24 PAT ₹16 Cr on ₹177 Cr revenue — and a conservative balance sheet reaffirmed by ICRA.
- • Steady reserve build-up (₹89 Cr to ₹113 Cr in three years) and regular dividends.
What to watch
- • Export dependence exposes revenue to European and US demand cycles, freight costs and currency; FY25 revenue fell 7%.
- • Steel wire-rod prices drive costs and can compress margins when pass-through lags.
- • Thin unlisted liquidity with a 70% promoter holding; dealer quotes are indicative and can differ widely.