Minda Industries Ltd

Minda Industries is engaged in the business of manufacturing of auto components including auto electrical parts and its accessories and caters to both domestic and international markets.(Source : 201903 Annual Report Page No: 124)

  • Market Cap: 7,360 Cr.
  • Current Price: 280.70
  • 52 weeks High / Low 425.90 / 206.25
  • Book Value: 69.24
  • Stock P/E: 45.67
  • Dividend Yield: 0.14 %
  • ROCE: 21.57 %
  • ROE: 18.27 %
  • Sales Growth (3Yrs): 32.72 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 2.00
Edit ratios
Pros:
Company has delivered good profit growth of 117.89% CAGR over last 5 years
Cons:

Peer comparison Sector: Auto Ancillaries // Industry: Auto Ancillaries

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
944.81 1,098.35 1,056.16 1,370.88 1,429.82 1,521.72 1,470.09 1,486.46 1,439.75 1,359.58 1,326.84 1,338.97
843.79 961.78 929.78 1,233.26 1,259.77 1,332.38 1,289.67 1,301.09 1,267.55 1,197.96 1,163.48 1,216.98
Operating Profit 101.02 136.57 126.38 137.62 170.05 189.34 180.42 185.37 172.20 161.62 163.36 121.99
OPM % 10.69% 12.43% 11.97% 10.04% 11.89% 12.44% 12.27% 12.47% 11.96% 11.89% 12.31% 9.11%
Other Income 9.21 4.45 7.68 82.50 6.50 4.76 2.70 13.07 6.92 5.07 6.13 7.06
Interest 7.91 6.26 7.01 13.91 13.16 15.05 14.51 20.43 23.81 23.84 21.58 20.98
Depreciation 35.74 38.27 41.98 48.86 49.28 56.09 60.83 68.18 71.20 73.95 75.06 81.69
Profit before tax 66.58 96.49 85.07 157.35 114.11 122.96 107.78 109.83 84.11 68.90 72.85 26.38
Tax % 31.87% 30.75% 28.55% 14.30% 29.45% 31.50% 26.29% 30.40% 32.91% 24.91% 26.63% 50.27%
Net Profit 47.86 67.42 59.47 135.46 70.05 72.72 69.35 73.50 53.48 49.44 44.73 7.30
EPS in Rs 1.98 2.60 2.30 1.74 0.89 2.75 2.65 2.80 2.04 1.89 1.71 0.28
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
620 954 1,179 1,340 1,706 2,232 2,527 3,386 4,471 5,908 5,465
553 870 1,125 1,250 1,628 2,078 2,290 3,012 3,969 5,183 4,846
Operating Profit 66 84 54 90 78 154 238 374 502 725 619
OPM % 11% 9% 5% 7% 5% 7% 9% 11% 11% 12% 11%
Other Income 7 15 31 14 18 33 19 14 103 27 25
Interest 15 17 20 19 24 25 26 40 35 63 90
Depreciation 27 34 40 46 59 83 93 136 165 234 302
Profit before tax 31 48 25 39 13 79 139 212 405 455 252
Tax % 25% 26% 1% 28% 59% 25% 20% 22% 24% 29%
Net Profit 23 36 29 28 7 68 111 165 310 286 155
EPS in Rs 1.71 1.14 1.15 0.26 2.77 4.57 6.94 11.88 10.89 5.92
Dividend Payout % 13% 11% 17% 17% 66% 14% 10% 11% 8% 10%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:%
5 Years:28.20%
3 Years:32.72%
TTM:-7.50%
Compounded Profit Growth
10 Years:%
5 Years:117.89%
3 Years:39.60%
TTM:-43.57%
Stock Price CAGR
10 Years:27.67%
5 Years:48.25%
3 Years:3.70%
1 Year:-12.05%
Return on Equity
10 Years:%
5 Years:22.10%
3 Years:22.39%
Last Year:18.27%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
57 57 19 19 19 19 19 16 37 55 52
Reserves 82 142 267 289 292 346 452 744 1,374 1,652 1,763
Borrowings 145 173 183 198 304 232 393 510 594 1,080 1,114
190 231 251 302 369 402 626 1,129 1,379 1,447 1,909
Total Liabilities 427 560 717 806 981 997 1,487 2,398 3,365 4,231 4,839
230 250 275 319 401 411 573 885 1,350 1,861 2,216
CWIP 3 7 5 42 22 9 130 117 211 150 337
Investments 8 19 23 22 47 28 44 111 155 356 372
186 283 414 423 512 548 740 1,285 1,649 1,864 1,914
Total Assets 427 560 717 806 981 997 1,487 2,398 3,365 4,231 4,839

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
88 45 77 95 42 135 146 335 364 414
-84 -32 -26 -118 -137 -39 -257 -267 -640 -815
6 -4 -8 -5 80 -98 123 253 44 368
Net Cash Flow 10 9 44 -28 -15 -2 13 320 -232 -33

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 19% 7% 11% 6% 14% 21% 23% 25% 22%
Debtor Days 53 50 61 59 56 47 53 54 64 56
Inventory Turnover 9.90 10.16 11.39 11.34 11.55 10.26 10.46 8.78 7.71

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
70.95 71.05 71.08 70.98 70.79 70.79 70.79 70.79 70.79 70.79 70.79 70.79
7.75 8.21 9.48 9.57 9.52 10.70 10.95 11.31 11.50 11.27 10.91 10.26
7.36 6.70 6.03 5.65 5.31 4.27 4.54 4.76 5.25 5.78 6.64 7.47
0.00 0.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
13.94 14.02 13.41 13.80 14.38 14.24 13.72 13.14 12.46 12.16 11.66 11.48