What is the breakdown of the planned ₹35 crore capital expenditure?

The company is allocating ₹25 crore to its Bi-Metal division, ₹7 crore to Alkop, and ₹3 crore to its brakes division over the next two years.

How much revenue does the company expect from its new product pipeline?

Management expects new parts to contribute ₹30 crore from aluminium products and ₹50 crore from Bi-Metal products over the next two years.

What is the current status of the company's export business?

Exports now make up 35% of total revenue and grew 50% year-on-year, primarily driven by demand from the US market.

What are the company's long-term financial targets?

Management is targeting ₹500 crore in revenue by 2028, which implies a 25% compound annual growth rate, while maintaining EBITDA margins between 20% and 22%.

Earnings · Auto Components

Menon Bearings targets ₹500 crore revenue by 2028

The company posted a 23% revenue jump to ₹300 crore for FY26 and is backing a ₹35 crore capex plan to hit its long-term growth targets.

MENONBE BSE 523828 24 May 2026 · 4:54 PM IST Verify on BSE · NSE

Mkt cap₹829 cr

P/E21.68×

ROE15.73%

Debt / eq.0.26

Div yld1.35%

₹500 cr Revenue target set by management for 2028.

What's new

FY26 revenue hit ₹300 crore, up 23% year-on-year.
Net profit rose 53% to ₹38.25 crore.
Management plans ₹35 crore in capex over the next two years.

Why this matters

Menon Bearings is betting on a 25% CAGR to reach its 2028 revenue goal. With exports already accounting for 35% of its business and growing at 50%, the company's reliance on US and European demand is the primary engine for this expansion.

What we're watching

Whether EBITDA margins hold within the guided 20-22% range.
Revenue contribution from the new PTFE and railway product lines.
Execution of the ₹35 crore capex program across three divisions.

The full read

Menon Bearings delivered a strong FY26. Revenue climbed 23% to ₹300 crore and net profit surged 53% to ₹38.25 crore. Management is now looking ahead to a ₹500 crore revenue target by 2028, a goal that requires a 25% compound annual growth rate. To get there, the company is committing ₹35 crore in capital expenditure over the next two years. The bulk of this—₹25 crore—is earmarked for its Bi-Metal division. Exports are a key pillar of this strategy, currently representing 35% of revenue after a 50% year-on-year increase. The company is also betting on new product pipelines in PTFE and railways to add ₹80 crore in combined revenue from aluminium and Bi-Metal parts. Maintaining EBITDA margins between 20% and 22% while scaling at this pace is the next test for the management team.

Questions answered

What is the breakdown of the planned ₹35 crore capital expenditure?: The company is allocating ₹25 crore to its Bi-Metal division, ₹7 crore to Alkop, and ₹3 crore to its brakes division over the next two years.
How much revenue does the company expect from its new product pipeline?: Management expects new parts to contribute ₹30 crore from aluminium products and ₹50 crore from Bi-Metal products over the next two years.
What is the current status of the company's export business?: Exports now make up 35% of total revenue and grew 50% year-on-year, primarily driven by demand from the US market.
What are the company's long-term financial targets?: Management is targeting ₹500 crore in revenue by 2028, which implies a 25% compound annual growth rate, while maintaining EBITDA margins between 20% and 22%.

Mentioned: Menon Bearings Ltd · Bi-Metal division · Alkop

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.