Minda Corporation Financial Statements

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Y/e 31 Mar Mar-2020 Mar-2018 Mar-2017 Mar-2016
Growth matrix (%)        
Revenue growth 8.47 25.90 (16) 24.10
Op profit growth (8.40) 44.50 (16) 22.90
EBIT growth (23) 44.70 (5) 15.30
Net profit growth (241) 38.80 (4.80) 19.80
Profitability ratios (%)        
OPM 8.88 10.50 9.16 9.13
EBIT margin 6.27 8.80 7.66 6.80
Net profit margin (7.10) 5.46 4.96 4.39
RoCE 11.40 17.20 13.30 15.10
RoNW (5.80) 5.20 4.29 5.19
RoA (3.20) 2.67 2.15 2.44
Per share ratios ()        
EPS -- 6.86 4.80 5.19
Dividend per share 0.35 0.60 0.50 0.50
Cash EPS (14) 3.26 2.13 1.58
Book value per share 43.10 35.60 29.90 27.30
Valuation ratios        
P/E -- 25.80 19.60 20.10
P/CEPS (4.10) 54.30 44.10 66
P/B 1.34 5.01 3.15 3.95
EV/EBIDTA 4.95 14.60 11.50 11
Payout (%)        
Dividend payout (4.90) 11.10 6.17 11.70
Tax payout (36) (26) (22) (28)
Liquidity ratios        
Debtor days 62.30 66.50 71.70 56.20
Inventory days 54.70 53.10 55.60 41.20
Creditor days (70) (57) (68) (61)
Leverage ratios        
Interest coverage (3.50) (6.20) (5.90) (5)
Net debt / equity 0.15 0.94 0.83 0.80
Net debt / op. profit 0.59 2.56 2.73 2.04
Cost breakup ()        
Material costs (60) (60) (60) (61)
Employee costs (18) (17) (18) (17)
Other costs (13) (12) (13) (13)
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Y/e 31 Mar( In .Cr) Mar-2020 Mar-2018 Mar-2017 Mar-2016
Revenue 2,813 2,594 2,060 2,446
yoy growth (%) 8.47 25.90 (16) 24.10
Raw materials (1,699) (1,559) (1,227) (1,499)
As % of sales 60.40 60.10 59.50 61.30
Employee costs (503) (441) (371) (416)
As % of sales 17.90 17 18 17
Other costs (361) (321) (273) (307)
As % of sales 12.80 12.40 13.30 12.60
Operating profit 250 273 189 223
OPM 8.88 10.50 9.16 9.13
Depreciation (118) (74) (58) (74)
Interest expense (50) (37) (27) (33)
Other income 44.30 29.40 26.80 17.30
Profit before tax 126 191 131 133
Taxes (45) (50) (29) (37)
Tax rate (36) (26) (22) (28)
Minorities and other -- -- -- (2.70)
Adj. profit 81 142 102 93.50
Exceptional items (293) -- -- 13.70
Net profit (200) 142 102 107
yoy growth (%) (241) 38.80 (4.80) 19.80
NPM (7.10) 5.46 4.96 4.39
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2018 Mar-2017 Mar-2016
Profit before tax 126 191 131 133
Depreciation (118) (74) (58) (74)
Tax paid (45) (50) (29) (37)
Working capital 613 235 78.70 60.20
Other operating items -- -- -- --
Operating cashflow 576 303 123 82
Capital expenditure 388 0.32 (311) 365
Free cash flow 965 303 (188) 447
Equity raised 1,404 885 791 781
Investments 172 120 126 (19)
Debt financing/disposal 517 758 575 557
Dividends paid 7.60 12.50 4.10 10.40
Other items -- -- -- --
Net in cash 3,066 2,080 1,307 1,776
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2019 Mar-2018 Mar-2017
Equity capital 45.30 45.30 41.60 41.60
Preference capital 4.70 4.70 4.70 --
Reserves 925 1,145 694 581
Net worth 975 1,195 741 622
Minority interest
Debt 620 681 723 549
Deferred tax liabilities (net) 27 30 10.10 9.20
Total liabilities 1,622 1,906 1,474 1,181
Fixed assets 599 753 727 604
Intangible assets
Investments 176 165 139 126
Deferred tax asset (net) 23.90 21.60 8 7.30
Net working capital 351 614 573 410
Inventories 395 446 448 306
Inventory Days 51.20 -- 63 54.30
Sundry debtors 390 546 571 374
Debtor days 50.60 -- 80.30 66.30
Other current assets 295 179 140 104
Sundry creditors (527) (418) (453) (266)
Creditor days 68.40 -- 63.70 47.20
Other current liabilities (202) (140) (132) (109)
Cash 472 353 26.10 33.40
Total assets 1,622 1,906 1,474 1,181
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Particulars ( Rupees In Crores.) Sep-2020 Jun-2020 Mar-2020 Dec-2019 Sep-2019
Gross Sales 656 178 536 671 559
Excise Duty -- -- -- -- --
Net Sales 656 178 536 671 559
Other Operating Income -- -- -- -- --
Other Income 7.45 9.81 18.10 19.80 11.20
Total Income 664 188 554 691 570
Total Expenditure ** 591 204 814 595 497
PBIDT 72.40 (16) (260) 95.90 72.30
Interest 11 7.66 11 11 9.11
PBDT 61.40 (24) (271) 84.90 63.20
Depreciation 24.80 20.30 22.20 29.80 21.30
Minority Interest Before NP -- -- -- -- --
Tax 10.80 (8.90) 7.03 13.40 4.75
Deferred Tax -- -- -- -- --
Reported Profit After Tax 25.80 (35) (300) 41.60 37.20
Minority Interest After NP -- -- -- -- --
Net Profit after Minority Interest 25.80 (35) (300) 41.60 37.20
Extra-ordinary Items -- -- (293) -- --
Adjusted Profit After Extra-ordinary item 25.80 (35) (6.50) 41.60 37.20
EPS (Unit Curr.) 1.16 (1.60) (13) 1.87 1.67
Book Value (Unit Curr.) -- -- -- -- --
Dividend (%) -- -- -- 17.50 --
Equity 45.30 45.30 45.30 45.30 45.30
Public Shareholding (Number) -- -- -- -- --
Public Shareholding (%) -- -- -- -- --
Pledged/Encumbered - No. of Shares -- -- -- -- --
Pledged/Encumbered - % in Total Promoters Holding -- -- -- -- --
Pledged/Encumbered - % in Total Equity -- -- -- -- --
Non Encumbered - No. of Shares -- -- -- -- --
Non Encumbered - % in Total Promoters Holding -- -- -- -- --
Non Encumbered - % in Total Equity -- -- -- -- --
PBIDTM(%) 11 (9.20) (48) 14.30 13
PBDTM(%) 9.36 (13) (50) 12.60 11.30
PATM(%) 3.94 (20) (56) 6.20 6.65