Minda industries ltd Stock/Share Price, Latest BSE/NSE Minda industries ltd Financial Summary at www.indiainfoline.com

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)

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

Y/e 31 Mar ( In .Cr)	Mar-2020	Mar-2018	Mar-2017	Mar-2016
Revenue	3,175	1,857	1,639	1,469
yoy growth (%)	71	13.30	11.60	6.75
Raw materials	(2,043)	(1,169)	(1,056)	(965)
As % of sales	64.30	63	64.40	65.70
Employee costs	(429)	(254)	(216)	(186)
As % of sales	13.50	13.70	13.20	12.70
Other costs	(420)	(243)	(209)	(178)
As % of sales	13.20	13.10	12.70	12.10
Operating profit	283	191	159	139
OPM	8.93	10.30	9.67	9.50
Depreciation	(137)	(53)	(51)	(53)
Interest expense	(46)	(6.80)	(14)	(10)
Other income	62.90	38.40	24.80	22.40
Profit before tax	163	170	118	98.90
Taxes	(34)	(40)	(24)	(19)
Tax rate	(21)	(23)	(21)	(20)
Minorities and other	--	(2.90)	0.31	--
Adj. profit	129	127	94.30	79.40
Exceptional items	(22)	5.49	--	--
Net profit	107	133	94.30	79.40
yoy growth (%)	(19)	41	18.80	49.20
NPM	3.37	7.16	5.75	5.40

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

Y/e 31 Mar ( In .Cr)	Mar-2020	Mar-2019	Mar-2018	Mar-2017
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

Select Period

Particulars ( Rupees In Crores.)	Dec-2019	Dec-2018	Dec-2017	Dec-2016	Dec-2015
Gross Sales	4,126	4,422	3,177	2,701	1,797
Excise Duty	--	--	77.70	212	--
Net Sales	4,126	4,422	3,100	2,490	1,797
Other Operating Income	--	--	--	--	13.40
Other Income	23.30	14	21	10.60	19.70
Total Income	4,149	4,436	3,121	2,500	1,830
Total Expenditure **	3,634	3,882	2,735	2,220	1,654
PBIDT	515	554	385	280	176
Interest	69.20	42.70	21.20	32	20.20
PBDT	446	511	364	248	156
Depreciation	220	166	116	100	64.40
Minority Interest Before NP	--	--	--	--	--
Tax	70	88.10	64	33	21
Deferred Tax	(5.70)	12.60	11.20	1.67	--
Reported Profit After Tax	162	244	173	113	70.30
Minority Interest After NP	27.20	42.60	16.20	13.40	4.70
Net Profit after Minority Interest	148	212	175	109	68.60
Extra-ordinary Items	(3.60)	--	--	--	2.02
Adjusted Profit After Extra-ordinary item	151	212	175	109	66.60
EPS (Unit Curr.)	5.63	7.95	20.20	13.70	43.20
Book Value (Unit Curr.)	--	--	--	--	--
Dividend (%)	20	22.50	60	60	30
Equity	52.40	52.40	17.30	15.90	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(%)	12.50	12.50	12.40	11.20	9.79
PBDTM(%)	10.80	11.60	11.70	9.95	8.67
PATM(%)	3.92	5.52	5.58	4.54	3.91

QuickLinks for Minda Industries Ltd.

Y/e 31 Mar ( In .Cr)	Mar-2020	Mar-2019	Mar-2018	Mar-2017
Equity capital	52.40	52.40	17.40	316
Preference capital	--	--	--	--
Reserves	1,263	1,190	952	512
Net worth	1,315	1,242	970	828
Minority interest
Debt	742	599	96.20	187
Deferred tax liabilities (net)	36.20	15.60	12.40	9.39
Total liabilities	2,093	1,857	1,079	1,025
Fixed assets	1,052	732	317	275
Intangible assets
Investments	756	756	604	357
Deferred tax asset (net)	36.30	24.30	18.50	15.30
Net working capital	112	302	124	58.70
Inventories	257	252	111	87.60
Inventory Days	29.50	--	21.80	19.50
Sundry debtors	463	552	336	241
Debtor days	53.30	--	66	53.80
Other current assets	201	161	107	55.60
Sundry creditors	(620)	(511)	(325)	(245)
Creditor days	71.20	--	64	54.50
Other current liabilities	(190)	(152)	(105)	(81)
Cash	137	42.80	14.80	319
Total assets	2,093	1,857	1,079	1,025

Minda Industries Financial Statements