Minda Industries Ltd

About

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 8,976 Cr.
  • Current Price 330
  • High / Low 424 / 205
  • Stock P/E
  • Book Value 66.8
  • Dividend Yield 0.12 %
  • ROCE 11.8 %
  • ROE 10.9 %
  • Face Value 2.00

Pros

Cons

  • Company has low interest coverage ratio.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
1,098 1,056 1,371 1,430 1,522 1,470 1,486 1,440 1,360 1,327 1,339 417
962 930 1,233 1,260 1,332 1,290 1,301 1,268 1,198 1,163 1,217 489
Operating Profit 137 126 138 170 189 180 185 172 162 163 122 -71
OPM % 12% 12% 10% 12% 12% 12% 12% 12% 12% 12% 9% -17%
Other Income 4 8 82 6 5 3 13 7 5 6 7 4
Interest 6 7 14 13 15 15 20 24 24 22 21 20
Depreciation 38 42 49 49 56 61 68 71 74 75 82 68
Profit before tax 96 85 157 114 123 108 110 84 69 73 26 -156
Tax % 31% 29% 14% 29% 32% 26% 30% 33% 25% 27% 50% 24%
Net Profit 67 59 135 70 73 69 74 53 49 45 7 -118
EPS in Rs 2.51 2.22 1.68 0.86 2.65 2.56 2.70 1.97 1.82 1.65 0.27 -4.35
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 Mar 2020 TTM
620 954 1,179 1,340 1,706 2,232 2,527 3,386 4,471 5,908 5,465 4,442
553 870 1,125 1,250 1,628 2,078 2,290 3,012 3,969 5,183 4,853 4,067
Operating Profit 66 84 54 90 78 154 238 374 502 725 612 375
OPM % 11% 9% 5% 7% 5% 7% 9% 11% 11% 12% 11% 8%
Other Income 7 15 31 14 18 33 19 14 103 27 32 22
Interest 15 17 20 19 24 25 26 40 35 63 90 86
Depreciation 27 34 40 46 59 83 93 136 165 234 302 299
Profit before tax 31 48 25 39 13 79 139 212 405 455 252 13
Tax % 25% 26% 1% 28% 59% 25% 20% 22% 24% 29% 31%
Net Profit 23 36 29 28 7 68 111 165 310 286 155 -17
EPS in Rs 1.65 1.10 1.10 0.25 2.66 4.39 6.69 11.45 10.50 5.70 -0.61
Dividend Payout % 13% 11% 17% 17% 66% 14% 10% 11% 8% 10% 7%
Compounded Sales Growth
10 Years:24%
5 Years:20%
3 Years:17%
TTM:-25%
Compounded Profit Growth
10 Years:23%
5 Years:29%
3 Years:1%
TTM:-101%
Stock Price CAGR
10 Years:30%
5 Years:57%
3 Years:6%
1 Year:-9%
Return on Equity
10 Years:19%
5 Years:21%
3 Years:19%
Last Year:11%

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 1,295
190 231 251 302 369 402 626 1,129 1,379 1,447 1,728
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 2,196
CWIP 3 7 5 42 22 9 130 117 211 150 357
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 Mar 2020
88 45 77 95 42 135 146 335 364 414 965
-84 -32 -26 -118 -137 -39 -257 -267 -640 -815 -740
6 -4 -8 -5 80 -98 123 253 44 368 -67
Net Cash Flow 10 9 44 -28 -15 -2 13 320 -232 -33 158

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 Mar 2020
ROCE % 19% 7% 11% 6% 14% 21% 23% 25% 22% 12%
Debtor Days 53 50 61 59 56 47 53 54 64 56 49
Inventory Turnover 9.90 10.16 11.39 11.34 11.55 10.26 10.46 8.78 7.71 6.13

Shareholding Pattern

Numbers in percentages

Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020
71.05 71.08 70.98 70.79 70.79 70.79 70.79 70.79 70.79 70.79 70.79 70.88
8.21 9.48 9.57 9.52 10.70 10.95 11.31 11.50 11.27 10.91 10.26 9.65
6.70 6.03 5.65 5.31 4.27 4.54 4.76 5.25 5.78 6.64 7.47 9.85
0.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
14.02 13.41 13.80 14.38 14.24 13.72 13.14 12.46 12.16 11.66 11.48 9.62

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