Minda Industries Financial Statements
Minda Industries Nine Monthly Results
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ConsolidatedStandalone
| Y/e 31 Mar | Mar-2020 | Mar-2018 | Mar-2017 | Mar-2016 |
|---|---|---|---|---|
| Growth matrix (%) | ||||
| Revenue growth | 22.20 | 32 | 34 | 13.20 |
| Op profit growth | 16 | 42.70 | 57.30 | 54.10 |
| EBIT growth | (11) | 59.90 | 58.10 | 81.20 |
| Net profit growth | (50) | 87.80 | 48.60 | 63.50 |
| Profitability ratios (%) | ||||
| OPM | 11.30 | 11.90 | 11 | 9.41 |
| EBIT margin | 6.52 | 9 | 7.43 | 6.30 |
| Net profit margin | 2.84 | 6.94 | 4.88 | 4.40 |
| RoCE | 12.40 | 20.30 | 18.60 | 19.40 |
| RoNW | 2.40 | 6.28 | 5.39 | 6.64 |
| RoA | 1.34 | 3.91 | 3.05 | 3.39 |
| Per share ratios () | ||||
| EPS | 6.66 | 35.40 | 20.90 | 68.40 |
| Dividend per share | 0.40 | 2.80 | 2.20 | 7 |
| Cash EPS | (5.60) | 16.70 | 3.66 | 11.70 |
| Book value per share | 69.20 | 162 | 134 | 297 |
| Valuation ratios | ||||
| P/E | 35.70 | 10.10 | 7.04 | 0.97 |
| P/CEPS | (42) | 21.40 | 40.20 | 5.68 |
| P/B | 3.43 | 2.23 | 1.10 | 0.22 |
| EV/EBIDTA | 11 | 17.20 | 9.41 | 7.64 |
| Payout (%) | ||||
| Dividend payout | 6.77 | 7.85 | 5.83 | 12.10 |
| Tax payout | (29) | (27) | (22) | (21) |
| Liquidity ratios | ||||
| Debtor days | 50.60 | 52.60 | 46.50 | 47.20 |
| Inventory days | 32.50 | 26.70 | 22.70 | 23.40 |
| Creditor days | (69) | (62) | (53) | (51) |
| Leverage ratios | ||||
| Interest coverage | (4) | (11) | (6.30) | (6.20) |
| Net debt / equity | 0.53 | 0.31 | 0.13 | 0.71 |
| Net debt / op. profit | 1.56 | 0.81 | 0.36 | 1.41 |
| Cost breakup () | ||||
| Material costs | (60) | (62) | (62) | (64) |
| Employee costs | (15) | (13) | (13) | (13) |
| Other costs | (13) | (13) | (13) | (14) |
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ConsolidatedStandalone
| Y/e 31 Mar( In .Cr) | Mar-2020 | Mar-2018 | Mar-2017 | Mar-2016 |
|---|---|---|---|---|
| Revenue | 5,465 | 4,471 | 3,386 | 2,527 |
| yoy growth (%) | 22.20 | 32 | 34 | 13.20 |
| Raw materials | (3,284) | (2,763) | (2,116) | (1,610) |
| As % of sales | 60.10 | 61.80 | 62.50 | 63.70 |
| Employee costs | (847) | (587) | (451) | (326) |
| As % of sales | 15.50 | 13.10 | 13.30 | 12.90 |
| Other costs | (715) | (587) | (444) | (353) |
| As % of sales | 13.10 | 13.10 | 13.10 | 14 |
| Operating profit | 619 | 534 | 374 | 238 |
| OPM | 11.30 | 11.90 | 11 | 9.41 |
| Depreciation | (302) | (165) | (136) | (93) |
| Interest expense | (90) | (35) | (40) | (26) |
| Other income | 39.30 | 33.40 | 13.80 | 14 |
| Profit before tax | 266 | 367 | 212 | 134 |
| Taxes | (78) | (98) | (46) | (28) |
| Tax rate | (29) | (27) | (22) | (21) |
| Minorities and other | (20) | 2.41 | (0.30) | 0.18 |
| Adj. profit | 169 | 272 | 165 | 106 |
| Exceptional items | (14) | 38.20 | -- | 5.20 |
| Net profit | 155 | 310 | 165 | 111 |
| yoy growth (%) | (50) | 87.80 | 48.60 | 63.50 |
| NPM | 2.84 | 6.94 | 4.88 | 4.40 |
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| Y/e 31 Mar ( In .Cr) | Mar-2020 | Mar-2018 | Mar-2017 | Mar-2016 |
|---|---|---|---|---|
| Profit before tax | 266 | 367 | 212 | 134 |
| Depreciation | (302) | (165) | (136) | (93) |
| Tax paid | (78) | (98) | (46) | (28) |
| Working capital | 456 | 360 | 464 | 74.70 |
| Other operating items | -- | -- | -- | -- |
| Operating cashflow | 343 | 464 | 493 | 87.80 |
| Capital expenditure | 2,622 | 1,135 | 415 | 363 |
| Free cash flow | 2,965 | 1,599 | 908 | 451 |
| Equity raised | 1,757 | 1,373 | 1,174 | 644 |
| Investments | 353 | 132 | 89.30 | (3.90) |
| Debt financing/disposal | 1,248 | 479 | 431 | 229 |
| Dividends paid | 10.50 | 24.40 | 9.63 | 11.10 |
| Other items | -- | -- | -- | -- |
| Net in cash | 6,334 | 3,608 | 2,612 | 1,331 |
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ConsolidatedStandalone
| Y/e 31 Mar ( In .Cr) | Mar-2020 | Mar-2019 | Mar-2018 | Mar-2017 |
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| Equity capital | 52.40 | 52.40 | 17.40 | 316 |
| Preference capital | -- | 3 | 19.70 | -- |
| Reserves | 1,763 | 1,652 | 1,374 | 744 |
| Net worth | 1,816 | 1,707 | 1,411 | 1,059 |
| Minority interest | ||||
| Debt | 1,295 | 1,080 | 594 | 510 |
| Deferred tax liabilities (net) | 108 | 77.90 | 45.20 | 23.50 |
| Total liabilities | 3,502 | 3,131 | 2,262 | 1,710 |
| Fixed assets | 2,553 | 2,011 | 1,561 | 1,002 |
| Intangible assets | ||||
| Investments | 372 | 356 | 155 | 111 |
| Deferred tax asset (net) | 94.70 | 77.30 | 63.80 | 53.20 |
| Net working capital | 154 | 577 | 322 | 169 |
| Inventories | 555 | 561 | 418 | 238 |
| Inventory Days | 37.10 | -- | 34.10 | 25.60 |
| Sundry debtors | 726 | 899 | 790 | 500 |
| Debtor days | 48.50 | -- | 64.50 | 53.80 |
| Other current assets | 304 | 294 | 263 | 144 |
| Sundry creditors | (1,008) | (850) | (836) | (502) |
| Creditor days | 67.30 | -- | 68.20 | 54.10 |
| Other current liabilities | (424) | (327) | (313) | (209) |
| Cash | 328 | 110 | 159 | 374 |
| Total assets | 3,502 | 3,131 | 2,262 | 1,710 |
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ConsolidatedStandalone
| Particulars ( Rupees In Crores.) | Dec-2020 | Dec-2019 | Dec-2018 | Dec-2017 | Dec-2016 |
|---|---|---|---|---|---|
| Gross Sales | 3,684 | 4,126 | 4,422 | 3,177 | 2,701 |
| Excise Duty | -- | -- | -- | 77.70 | 212 |
| Net Sales | 3,684 | 4,126 | 4,422 | 3,100 | 2,490 |
| Other Operating Income | -- | -- | -- | -- | -- |
| Other Income | 26.40 | 23.30 | 14 | 21 | 10.60 |
| Total Income | 3,710 | 4,149 | 4,436 | 3,121 | 2,500 |
| Total Expenditure ** | 3,276 | 3,634 | 3,882 | 2,735 | 2,220 |
| PBIDT | 435 | 515 | 554 | 385 | 280 |
| Interest | 57.10 | 69.20 | 42.70 | 21.20 | 32 |
| PBDT | 377 | 446 | 511 | 364 | 248 |
| Depreciation | 240 | 220 | 166 | 116 | 100 |
| Minority Interest Before NP | -- | -- | -- | -- | -- |
| Tax | 49 | 70 | 88.10 | 64 | 33 |
| Deferred Tax | 1.74 | (5.70) | 12.60 | 11.20 | 1.67 |
| Reported Profit After Tax | 86.50 | 162 | 244 | 173 | 113 |
| Minority Interest After NP | 18.30 | 27.20 | 42.60 | 16.20 | 13.40 |
| Net Profit after Minority Interest | 70.90 | 148 | 212 | 175 | 109 |
| Extra-ordinary Items | -- | (3.60) | -- | -- | -- |
| Adjusted Profit After Extra-ordinary item | 70.90 | 151 | 212 | 175 | 109 |
| EPS (Unit Curr.) | 2.66 | 5.63 | 7.95 | 20.20 | 13.70 |
| Book Value (Unit Curr.) | -- | -- | -- | -- | -- |
| Dividend (%) | 17.50 | 20 | 22.50 | 60 | 60 |
| Equity | 52.40 | 52.40 | 52.40 | 17.30 | 15.90 |
| 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(%) | 11.80 | 12.50 | 12.50 | 12.40 | 11.20 |
| PBDTM(%) | 10.20 | 10.80 | 11.60 | 11.70 | 9.95 |
| PATM(%) | 2.35 | 3.92 | 5.52 | 5.58 | 4.54 |
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