Minda Industries Ltd.
Snapshot View

880.00 +29.65 ▲3.5%

20 May 2022, 04:01:00 PM
Volume: 20,799

Overview View Details

Sector Automobile & Ancillaries Compare with Sector peers
Industry Auto Ancillary Compare with Industry peers
Website http://www.mindagroup.com
Market Cap 24,978.94 Cr.
Enterprise Value(EV) 25,646.13 Cr. 2021-09
Financial Indicators
Earnings per share (EPS) 12.32 Trailing Twelve Months Ending 2021-12
Price-Earning Ratio (PE) 71.46 Trailing Twelve Months Ending 2021-12
Industry PE 42.22 Trailing Twelve Months Ending 2021-12
Book Value / Share 114.71 Trailing Twelve Months Ending 2021-12
Price to Book Value 7.67 Calculated using Price: 880.00
Dividend Yield 0.10 Period Ending 2021-03
No. of Shares Subscribed 28.56 Cr. 285,620,441 Shares
FaceValue 2
Company Profile

Minda Industries Limited (MIL) had a humble beginning in the year 1958, is the flagship Company of the UNO MINDA Group. Minda Industries are technology leader in the auto components industry, and a leading tier-1 supplier of proprietary automotive solutions to OEMs. It manufactures automobile components for Original Equipment Manufacturers (OEMs). Minda Industries Limited is a public company domiciled and headquartered in India. It was incorporated on September 16, 1992 under the Companies Act, 1956 and its shares are listed on the National Stock Exchange of India Limited and BSE Limited

Business area of the company

The company 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.

Awards

FY2017-18

  • ‘Special Support Award’ - Minda Kosei Aluminium Wheel Pvt. Ltd.
  • ‘Overall Performance And Comprehensive Excellence’ Award - Minda D-ten Pvt. Ltd.
  • ‘Supplier Business Capability Building’ Award - Mindarika Pvt Ltd.
  • ‘Delivery Management’ Award - MIL Switch Division
  • ‘Quality & Tpm’ Award - Mil Acoustic Division
  • ‘Excellence In Quality’ Award - MIL Switch Division

FY2018-19

  • The ‘Most Promising Company of this Year’ award by CNBC TV18 at the Indian Business Leader Awards.
  • The National Intellectual Property Award for the year 2019 in the category of Top Indian Company Organization for Designs.
  • Comprehensive Excellence Award from MSIL.
  • Quality Award from TKML for the lighting division
  • Quality Excellence Award to MTG and Roki Minda by MSIL.
  • ‘EY Entrepreneur of this year’ in Manufacturing category.
  • IR-Magazine award for excellence in Investor Relations.

FY2019-20

  • Most Promising Company of the Year- Indian Business Leader Awards (CNBC TV18) N K Minda - EY Entrepreneur of the Year (Manufacturing Category)
  • Special Support Award, MIL Switch Division - Suzuki
  • Delivery Management Award, M J Casting Ltd Best QCDDM Performance, Roki Minda Co. Pvt. Ltd - Honda
  • National IP Award, under the category Top Indian Company for Designs, Minda Industries Ltd.- CII
  • Quality Excellence, MIL Lighting Award - GM, Toyota

Milestone

  • 1992: Minda Industries was incorporated.
  • 1995: The company’s businesses were re-organised into Strategic Business Units (SBUs).
  • 1997: The NK Minda Group implemented TQM - PQCDSM - TPS in the group. The same year company received ISO 9001certification.  
  • 2000: The company was awarded CII-EXIM BANK Business Excellence Award.
  • 2001: Minda Industries commenced production of 2 and 3 wheeler switches at Pune. 
  • 2002-2003: The company expanded its operation by entering in ASEAN region. Bi-wheeler switch manufacturing units at Delhi were consolidated at Manesar.
  • 2002-2003: The company set-up manufacturing plants for handle bar assembly located at Waluj and Hosur. It received ISO-14001 and OHSAS 18001 certification
  • 2003-2004: The company received TS 16949 certification. The company filed for its first patent.
  • 2005-2006: The company established a manufacturing plant at Mysore for Handle Bar Assembly. It received achievement award from Honda for quality and delivery. The company set up a plant in Indonesia. It also commissioned its Pantnagar project. The company set up electronics manufacturing plant for switches located at Pune.
  • 2010: TAFE has awarded Minda Industries Limited - Lighting Division, Sonepat as a ‘SELF CERTIFIED SUPPLIER’
  • 2010: Minda Industries Limited - Acoustic Division received ‘ Outstanding Performance Award - 2010’ from Mahindra - Automotive & Farm Equipment Sectors
  • 2011: Company has signed the Joint Venture Agreement (JVA) with Kyoraku Co. Ltd., Japan and Nagase & Co. Ltd.
  • 2012: Minda Industries Limited - Switch Division received 'TPM Excellence Award' from JIPM, Japan.in 2012- Minda Industries Limited - Switch Division received 'Quality Management Awrad' from Honda- 2012: Minda Industries Limited - Switch Division received 'Best Development Award for Lever Combination Switch Development' from JCB India.
  • 2013: MIL - Acoustic Division received “Gold Quality Award” from Bajaj Auto Ltd.- MIL - Lighting division received a “Special Citation of Distinction” for a valued partnership at Tata Motors Annual Supplier’s Conference.- MIL - Lighting Division received “Silver Trophy for Overall Performance” from Maruti Suzuki India Ltd.- MIL- Switch Division received ‘Quality Achievement Award” from Polaris, USA- Minda Industries Limited - Switch Division received ''Gold Award for Quality” from India Yamaha Motors Pvt. Ltd.
  • 2014: MIL - Lamp received Tier - II Up gradation Shield from MSIL.'
  • 2014: Minda Industries signed a Joint Venture Agreement with Panasonic Corporation.
  • 2014: Switch Div. received INNOVATION AWARD from JCB UK for the ongoing work on Steer Mode Switch and Media Panel for the year 2013-14.
  • 2014: MRPL, Manesar received Vendor Up gradation Certificate from MSIL.
  • 2015: Minda Industries -Joint Venture Agreement with Kosei Group, Japan
  • 2015: Minda Industries & Kosei Aluminum Co. enters into new Joint Venture to develop, manufacture and sell Aluminum Alloy Wheels
  • 2016: The Company has signed a definitive agreement to acquire Rinder India Private Limited (RIPL), from Rinder Industrial Spain.
  • 2016:  UNO MINDA acquires global lighting business of Europe based Rinder Group
  • 2016: The Company has acquired the global lighting business of Spain-based Rinder Group for about Euro 20 million.
  • 2016: Minda Industries completed the acquisition of global business of Rinder India
  • 2017: JV with KatolecJapan for Printed Circuits Board (PCB) and box build assemblies.
  • 2018: Collaboration with Sensata; TLA for Sensors
  • 2018: Collaboration with iSYS RTS for M&A Embedded Systems
  • 2019: Collaboration with Harita for M&A Seating Systems (Transaction in process)
  • 2019: Collaboration with KPIT for Acquisition of Technical knowhow - Telematics
  • 2020: Collaboration with DAYOU Global; TLA for LPDC Alloy Wheels

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+3.49%
1 Week
+5.65%
1 Month
-5.27%
3 Month
-9.64%
6 Month
+0.22%
1 Year
+56.10%
2 Year
+205.87%
5 Year
+372.76%
10 Year
+7799.46%
9 years 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) 9.63 1.74 17.72 26.74 27.00 28.69 20.74 9.82 10.90
Return on Capital Employed (%) 11.96 6.60 17.09 22.49 20.72 24.70 21.63 11.56 12.52
Return on Assets (%) 3.51 0.56 5.64 8.40 8.40 10.61 8.37 3.57 3.88

Balance Sheet View Details

Particulars 10 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2021-09* Rs. Cr.
Shh. Funds 309 312 365 472 1,059 1,392 1,704 1,861 2,257 3,178
Non Curr. Liab. 152 205 171 248 260 461 782 1,120 884 615
Curr. Liab. 383 504 513 740 931 1,367 1,478 2,317 2,530 1,987
Minority Int. 12 14 21 110 117 211 267 283 306 327
Equity & Liab. 857 1,035 1,071 1,570 2,368 3,431 4,231 5,581 5,977 6,106
Non Curr. Assets 449 519 522 823 1,166 1,904 2,498 3,535 3,556 3,587
Curr. Assets 407 516 549 747 1,202 1,527 1,733 2,046 2,421 2,520
Misc. Exp. not W/O
Total Assets 857 1,035 1,071 1,570 2,368 3,431 4,231 5,581 5,977 6,106

Profit Loss View Details

Particulars 10 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2021-12 Rs. Cr. TTM
Net Sales 1,340 1,706 2,232 2,527 3,386 4,471 5,908 6,222 6,374 8,136
Other Income 11 35 20 14 14 33 27 40 47 49
Total Income 1,351 1,741 2,252 2,541 3,400 4,504 5,935 6,263 6,421 8,185
Total Expenditure -1,247 -1,647 -2,081 -2,290 -3,012 -3,937 -5,183 -5,550 -5,649 -7,225
PBIDT 104 95 171 252 388 567 752 712 772 960
Interest -19 -24 -25 -26 -40 -35 -63 -94 -74 -64
Depreciation -46 -59 -83 -93 -136 -165 -234 -340 -375 -389
Taxation -11 -8 -19 -28 -46 -98 -134 -69 -101 -146
Exceptional Items 0 2 16 5 38 -34 2 2
PAT 28 5 59 111 165 308 321 175 224 363
Minority Interest 1 1 0 -11 -20 -21 -54 -33 -42 -69
Share Associate -1 1 8 12 20 23 19 13 24 57
Other Related Items
Consolidated Net Profit 28 7 68 111 165 310 286 155 207 352
Adjusted EPS 1 0 3 5 7 12 11 6 8 13

Cash Flow View Details

Particulars 10 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. 77 95 42 135 146 335 362 414 1,049 343
Cash Fr. Inv. -26 -118 -137 -39 -257 -271 -641 -825 -835 -361
Cash Fr. Finan. -8 -5 80 -98 123 253 46 368 -96 -40
Net Change 44 -28 -15 -2 13 317 -232 -43 117 -59
Cash & Cash Eqvt 67 39 24 21 34 358 126 93 264 206

Shareholding Pattern View Details

9 Qtrs 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%) 2021-09 (%) 2021-12 (%) 2022-03 (%)
Promoter 70.79 70.79 70.79 70.88 70.87 69.85 67.47 67.47 67.47
Public 29.21 29.21 29.21 29.12 29.13 30.15 32.53 32.53 32.53
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Fri, 20 May 2022
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Minda Industries Limited cordially invites you to its Earnings Call to discuss the operational and financial performance for Q4 & FY22 on Tuesday 24th May 2022 at 4:00 p.m. IST
Wed, 18 May 2022
Submission Of Newspapers Clippings
This is in continuation to our earlier intimation dated 17 May 2022 wherein we have intimated the stock exchanges that the next meeting of the Board of Directors of the Company is scheduled to be held on 24 May 2022.In this regard the "Notice" of the Company was published in Financial Express (English) and Jansatta (Hindi) newspapers on 18 May 2022. We are enclosing herewith the newspapers clippings
Tue, 17 May 2022
Board to consider FY22 Results Final Dividend & Bonus Issue on May 24 2022
Minda Industries Ltd has informed BSE that the Board Meeting of the Company will be held on May 24 2022 inter alia to consider and approve the following matters:

1. Audited Standalone and Consolidated Financial Results of the Company for the Quarter and Year ended on March 31 2022.

2. Audited Standalone and Consolidated Financial Statements of the Company for the Year ended on March 31 2022.

3. To consider and recommend final dividend on equity and preference shares if any for the Financial Year 2021-22.

4. To consider and recommend issue of Bonus Shares subject to shareholders and other requisite approvals.

5. Raising of funds through issue of debt securities upto Rs. 1000 Crores in one or more tranches subject to shareholders and other requisite approvals.

The Trading Window for dealing in the Securities of the Company shall remain closed for all Directors/ Officers/ designated persons of the Company till 48 hours after the results are made public on May 24 2022.

Technical Scans View Details

Fri, 20 May 2022
Closing Above Previous High Closing Above Previous High
High Decrease 1 Month High Decrease 1 Month
High Decrease 3 Months High Decrease 3 Months
High Increase 1 Year High Increase 1 Year
High Increase 2 Years High Increase 2 Years

Related Stocks View Details

Stock Name Market Cap(Rs. Cr.) LTP Chg %
Maruti Suzuki India Ltd. 229,194.18 7,587.20 +2.4%
Tata Motors Ltd. 138,795.14 417.95 +4.8%
Mahindra & Mahindra Ltd. 112,459.20 904.60 +2.5%
Bajaj Auto Ltd. 109,583.29 3,787.00 +2.4%
Eicher Motors Ltd. 74,029.49 2,707.45 +2.2%
Samvardhana Motherson International Ltd. 56,153.95 124.30 +3.3%
Hero MotoCorp Ltd. 51,777.01 2,591.20 +2.9%
Stock Name Statement TTM Ending Price Earning Ratio(TTM) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2022-03 59.08 7,587.20 +2.4%
Tata Motors Ltd. Consolidated 2022-03 0.00 417.95 +4.8%
Mahindra & Mahindra Ltd. Consolidated 2021-12 20.79 904.60 +2.5%
Bajaj Auto Ltd. Consolidated 2022-03 17.77 3,787.00 +2.4%
Eicher Motors Ltd. Consolidated 2022-03 44.15 2,707.45 +2.2%
Samvardhana Motherson International Ltd. Consolidated 2021-12 38.33 124.30 +3.3%
Hero MotoCorp Ltd. Consolidated 2022-03 22.35 2,591.20 +2.9%
Stock Name Statement TTM Ending Price To Book Value(TTM) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2022-03 4.14 7,587.20 +2.4%
Tata Motors Ltd. Consolidated 2022-03 3.12 417.95 +4.8%
Mahindra & Mahindra Ltd. Consolidated 2021-12 2.49 904.60 +2.5%
Bajaj Auto Ltd. Consolidated 2022-03 3.67 3,787.00 +2.4%
Eicher Motors Ltd. Consolidated 2022-03 5.87 2,707.45 +2.2%
Samvardhana Motherson International Ltd. Consolidated 2021-12 4.68 124.30 +3.3%
Hero MotoCorp Ltd. Consolidated 2022-03 3.27 2,591.20 +2.9%
Stock Name Statement Year Ending Debt Equity Ratio LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2021-03 0.01 7,587.20 +2.4%
Tata Motors Ltd. Consolidated 2021-03 2.46 417.95 +4.8%
Mahindra & Mahindra Ltd. Consolidated 2021-03 1.95 904.60 +2.5%
Bajaj Auto Ltd. Consolidated 2021-03 0.00 3,787.00 +2.4%
Eicher Motors Ltd. Consolidated 2021-03 0.01 2,707.45 +2.2%
Samvardhana Motherson International Ltd. Consolidated 2021-03 0.92 124.30 +3.3%
Hero MotoCorp Ltd. Consolidated 2021-03 0.02 2,591.20 +2.9%
Stock Name Statement Year Ending Return On Equity(%) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2021-03 8.28 7,587.20 +2.4%
Tata Motors Ltd. Consolidated 2021-03 -22.17 417.95 +4.8%
Mahindra & Mahindra Ltd. Consolidated 2021-03 0.57 904.60 +2.5%
Bajaj Auto Ltd. Consolidated 2021-03 18.60 3,787.00 +2.4%
Eicher Motors Ltd. Consolidated 2021-03 12.37 2,707.45 +2.2%
Samvardhana Motherson International Ltd. Consolidated 2021-03 13.55 124.30 +3.3%
Hero MotoCorp Ltd. Consolidated 2021-03 20.03 2,591.20 +2.9%
Stock Name Statement Year Ending Return On Capital Employed(%) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2021-03 8.28 7,587.20 +2.4%
Tata Motors Ltd. Consolidated 2021-03 -22.17 417.95 +4.8%
Mahindra & Mahindra Ltd. Consolidated 2021-03 0.57 904.60 +2.5%
Bajaj Auto Ltd. Consolidated 2021-03 18.60 3,787.00 +2.4%
Eicher Motors Ltd. Consolidated 2021-03 12.37 2,707.45 +2.2%
Samvardhana Motherson International Ltd. Consolidated 2021-03 13.55 124.30 +3.3%
Hero MotoCorp Ltd. Consolidated 2021-03 20.03 2,591.20 +2.9%
Stock Name Statement Year Ending Net Sales(Rs. Cr.) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2021-03 70,372.00 7,587.20 +2.4%
Tata Motors Ltd. Consolidated 2021-03 249,794.75 417.95 +4.8%
Mahindra & Mahindra Ltd. Consolidated 2021-03 89,026.76 904.60 +2.5%
Bajaj Auto Ltd. Consolidated 2021-03 27,741.08 3,787.00 +2.4%
Eicher Motors Ltd. Consolidated 2021-03 8,720.35 2,707.45 +2.2%
Samvardhana Motherson International Ltd. Consolidated 2021-03 61,508.10 124.30 +3.3%
Hero MotoCorp Ltd. Consolidated 2021-03 30,959.19 2,591.20 +2.9%
Stock Name Statement Year Ending Profit After Tax(Rs. Cr.) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2021-03 4,220.10 7,587.20 +2.4%
Tata Motors Ltd. Consolidated 2021-03 -13,016.14 417.95 +4.8%
Mahindra & Mahindra Ltd. Consolidated 2021-03 230.44 904.60 +2.5%
Bajaj Auto Ltd. Consolidated 2021-03 4,550.70 3,787.00 +2.4%
Eicher Motors Ltd. Consolidated 2021-03 1,315.76 2,707.45 +2.2%
Samvardhana Motherson International Ltd. Consolidated 2021-03 1,484.50 124.30 +3.3%
Hero MotoCorp Ltd. Consolidated 2021-03 2,982.61 2,591.20 +2.9%