High Management Efficiency: Low Debt Healthy Growth in Outstanding Bullish

Report as on 10 August 2021 at 09:24 AM
HIGH
MANAGEMENT EFFICIENCY
Low Debt Minda
Industries
Healthy Growth in
Long Term Operating Profits Strong buy
Outstanding CMP: 723.00

Results in Mar 21
STOCK INFO:
Bullish
BSE – 532539/ NSE – MINDAIND
Market Cap - Mid Cap (Rs. 20,650 cr)
Sector – Auto Anc
Technical Trend 52 w H/L (Rs.) – 832.6/279.2
Dividend Yield: 0.11%
Debt Equity: 0.32%
Return on Equity: 9.61%
Price to Book: 8.91
www.marketsmojo.com
Minda Industries
CMP: 723.00 Strong Buy 90
Report as on 10 August 2021 at 09:24 AM
Strong Sell Sell Hold Buy Strong Buy
WHY IT’S A STRONG BUY? IS THIS STOCK FOR YOU?

High Risk, High Return (1 Year)
High Management Efficiency with a high ROCE of
18.66% Absolute Risk Volatility
Adjusted
Strong ability to service debt as the company has Minda Industries 156.43% 3.78 41.39%
a low Debt to EBITDA ratio of 0.86 times SENSEX 42.92% 2.57 16.68%
Healthy long term growth as Operating profit How much should you buy? -
has grown by an annual rate 20.42% Overall Portfolio exposure to Minda Industries should
be less than 10%
With a growth in Net Profit of 11.45%, the
Overall Portfolio exposure to Auto Anc should be less
company declared Outstanding results in Mar 21
than 30%
-The company has declared positive results for the
(If sector exposure > 30%, please use optimiser tool to
last 2 consecutive quarters see which are the best stocks to hold in Auto Anc)
-OPERATING PROFIT TO INTEREST(Q) Highest at When to exit? - We will constantly monitor the company
19.96 times and suggest at the appropriate time to exit from the
-DEBT-EQUITY RATIO(HY) Lowest at 0.43 times stock
-NET SALES(Q) Highest at Rs 2,238.27 cr
RETURNS SUMMARY (Price + Dividend)
Stock is technically in a Bullish range The stock gave a total returns of 156.73% in the last 1 year
-The technical trend has improved from Mildly Outperforming Sensex returns of 42.92%
Bullish on 09-Jul-21 and has generated 10.6% 200%
returns since then
-Multiple factors for the stock are Bullish like MACD, 100%
Bollinger Band, KST, DOW and OBV
0%
With ROCE of 12.3, it has a Attractive valuation
with a 7 Enterprise value to Capital Employed -100%
-The stock is trading at a discount compared to its

O 18
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average historical valuations
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-Over the past year, while the stock has generated a Minda Industries Ltd SENSEX
return of 156.43%, its profits have risen by 32.9% ;
the PEG ratio of the company is 3.5
Investors Returns (3 years) –
Period 6M 1Y 2Y 3Y
Stock (%) 25.1% 156.73% 120.75% 76.41%
WHAT ARE YOUR RISKS?
Sector (%) 19.51% 19.51% 63.46% 3.45%
Reducing Promoter Confidence
Sensex (%) 6.35% 42.92% 45.20% 44.10%
-Promoters have decreased their stake in the company
by -1.02% over the previous quarter and currently hold
69.85% of the company
-Promoters decreasing their stake may signify reduced
confidence in the future of the business
MOJO PROFESSIONAL 1
Minda Industries STRONG BUY | Report as on 10 August 2021 at 09:24 AM
BEFORE PROCEEDING AHEAD

This Real-Time Stock Analysis service is only for
PAID SUBSCRIBERS of www.marketsmojo.com
This Real-Time Stock Analysis Report was

generated on 10th August, 2021 at 09:24 AM, and
may not be valid if you are reading it later.
Some factors/data, as well as the buy/sell/hold call

might have changed.
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MOJO PROFESSIONAL 2
MANAGEMENT RISK
HIGH MANAGEMENT EFFICIENCY WITH A

HIGH ROCE OF 18.66%
ROCE
The company has been able to generate a Return on Capital
18.66% ROCE
Employed (avg) of 18.66% signifying high profitability per unit
of total capital (equity and debt)
Dividend Payout Ratio

An average Dividend Pay-out ratio of 6.77% may signify the
6.77%
Dividend Payout Ratio
company is not able to payback profits to shareholders at this
point
Tax Ratio
High Tax Ratio signifies that the profits generated by the
30.31%Tax Ratio
company are real and it is making adequate contributions
towards by paying due taxes
Institutional Holding
High Institutional Holdings at 20.09%- These investors have
20.09%
Institutional Holding
better capability and resources to analyse fundamentals of
companies than most retail investors
MOJO PROFESSIONAL 3
CAPITAL STRUCTURE
STRONG ABILITY TO SERVICE DEBT AS THE

COMPANY HAS A LOW DEBT TO EBITDA
RATIO OF 0.86 TIMES
Total Debt Debt to Equity Ratio
Low Debt to Equity Ratio Mar 2021 963.61 0.36
Company’s average Debt to Equity ratio over the past few Mar 2020 1,076.46 0.42
years is low at 0.36 times
Mar 2019 1,015.21 0.44
No clear trend in Debt to Equity Ratio numbers Mar 2018 842.14 0.46
Mar 2017 360.58 0.54
Total Debt Debt to EBITDA Ratio

Low Debt to EBITDA Ratio Mar 2021 963.61 0.86
Company’s average Debt to EBITDA ratio over the past few Mar 2020 1,076.46 0.91
years is low at 1.44 times
Mar 2019 1,015.21 0.9
No clear trend in Debt to EBITDA Ratio numbers Mar 2018 842.14 0.89
Mar 2017 360.58 0.93
Total Debt EBIT to Interest

Healthy EBIT to Interest Mar 2021 963.61 6.57
Company has healthy average EBIT to Interest ratio of 6.57 Mar 2020 1,076.46 6.69
times
Mar 2019 1,015.21 6.52
No clear trend in EBIT to Interest numbers Mar 2018 842.14 5.38
Mar 2017 360.58 3.77
MOJO PROFESSIONAL 4
GROWTH
HEALTHY LONG TERM GROWTH AS

OPERATING PROFIT HAS GROWN BY AN
ANNUAL RATE 20.42%
High Growth in Net Sales 7500Cr
of 19.5% CAGR
19.5%
6,151
5,908
5,465
Net Sales has seen a high growth of
CAGR 12.55% over previous period
5000Cr 4,470
3,386
2,527
2500Cr
0Cr
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
High Growth in Operating 600Cr
Profit of 20.4% CAGR

20.4%
490
Operating Profit has seen a high

CAGR growth of 15.77% over previous
400Cr 368
317
367
period
237
200Cr
145
0Cr
Net Profit of 15.2% CAGR 300Cr 277

285
15.2% Net Profit has seen a high growth of

32.52% over previous period
216
CAGR 200Cr
165 163
106
100Cr
0Cr
MOJO PROFESSIONAL 5
FINANCIAL TREND
Positive
WITH A GROWTH IN NET PROFIT OF

results for
11.45%, THE COMPANY DECLARED 2

OUTSTANDING RESULTS IN MAR 21 consecutive
quarters
Near term PBT trend is positive 158.52

179.33
116.31
Rs 179.3 PBT less Other Income (Rs Cr)
Highest at Rs 179.33 cr.
cr in the last five quarters
19.32
PBT - Quarterly
-159.28
Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
Near term PAT trend is positive 139.02

115.38
Rs 139.0 PAT (Rs Cr) 80.83
cr in the last five quarters
11.73
PAT - Quarterly
-118.33
Near term sales trend is positive

Rs
2 238.27
Net Sales (Rs Cr) 2 031.18
Highest at Rs 2,238.27 cr
2,238.3 cr in the last five quarters 1 338.97
1 465.04
Net Sales -
Quarterly 417.11
MOJO PROFESSIONAL 6
FINANCIAL TREND
The company's ability to manage

20.0 interest payments is improving 19.96
13.95
times Operating Profit to Interest
Highest at 19.96 times 5.81
11.9
Interest in the last five quarters

Coverage Ratio -
Quarterly -3.65
Near term Operating Profit trend 301.59
Rs 301.6 is positive 215.44

278.87
cr Operating Profit (Rs Cr)

121.99
Operating Profit in the last five quarters

- Quarterly
-71.49
Increasing profitability; company

has created higher earnings for
Rs 5.2 cr shareholders 4.24
5.16
2.97
Earnings per
EPS (Rs) 0.28
Share (EPS) -
Highest at Rs 5.16
Quarterly
in the last five quarters
-4.49
MOJO PROFESSIONAL 7
FINANCIAL TREND
The company has been reducing

its borrowing as compared to
0.61
0.4 times
0.56 0.57
0.53
equity capital 0.43
Debt-Equity Ratio
Debt-Equity Ratio
- Half Yearly
Lowest at 0.43 times
in the last five half yearly periods
Mar 2019 Sep 2019 Mar 2020 Sep 2020 Mar 2021
Mar'21 Dec'20 Change%

Net Sales 2,238.3 2,031.2 10.2%
Key Operating Profit (PBDIT) excl Other Income 301.6 278.9 8.2%
Result Interest 15.1 20.0 -24.4%
Highlights Exceptional Items 1.7 0.0 0.0%
Consolidated Net Profit 140.3 115.4 21.6%
Operating Profit Margin (Excl OI) 13.5 13.7 -0.3%
Consolidate- figures in Rs
Cr
MOJO PROFESSIONAL 8
TECHNICALS
STOCK IS TECHNICALLY IN A BULLISH

RANGE
Bullish Daily Moving Averages indicating near term price strength
Current Price 50 Day Moving Average 200 Day Moving Average
723.00 668.12 518.08
Factors with upward momentum

Indicator Technical Trend
MACD Bullish (weekly)
MACD Bullish (monthly)
Bollinger Band Bullish (weekly)
Bollinger Band Mildly Bullish (monthly)
KST Bullish (weekly)
KST Bullish (monthly)
Consistent Returns over the last 3 years

3 Months 1 Year 3 Years
156.43% 75.85%
36.04%
44.22%
51.13%
10.26%
Stock BSE 500 Stock BSE 500 Stock BSE 500
MOJO PROFESSIONAL 9
VALUATION
WITH ROCE OF 12.3, IT HAS A ATTRACTIVE

VALUATION WITH A 7 ENTERPRISE VALUE
TO CAPITAL EMPLOYED
Expensive
Attractive Wabco India
valuation
Endurance Tech
Valuation Bosch
Minda
Motherson
Industries
Sumi
as compared to its Fundamentals

Attractive
Weak Fundamental Strong
Enterprise value to Capital Employed vs ROCE
Very 32 10
Fundamental
Valuation
Attractive 16
0
6
2
as compared to its
21
6
0
17
18
19
20
01
01
01
01
02
20
20
20
20
20
past valuations
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Company Valuation Price to Book PE Ratio PEG Ratio Dividend

Ratio Yield
Key
Minda Industries Attractive 8.9 92.7 3.5 0.1%
Valuation
Multiples
vs Peers Motherson Sumi Attractive 5.8 67.5 0 0%
Bosch Fair 4.4 31.3 0.7 0.8%
Endurance Tech Expensive 6.8 45.6 0 0%
Wabco India Very Expensive 6.9 88.6 0.8 0%
MOJO PROFESSIONAL 10
MOJOSTOCK
PART OF MOJO STOCKS

Mojo Stocks are the highest rated stocks across thee market.
1% Less than 1% of the companies qualify as a Mojo Stock
For a company to Qualify as Mojo Stock it has to score highly across Mojo Parameters of
QUALIFY
Quality: Long Term Fundamental Performance
Valuation: Attractiveness of Stock Price at the current fundamentals
Financial Trend: Near term fundamental strength
Technicals: Price and volume momentum
Mojo Analysis of Minda Industries
NEAR TERM DRIVERS: VERY POSITIVE

QUARTERLY FINANCIAL TREND TECHNICALS
PAT (HY) At Rs 254.40 cr has Grown Technical trend turned Bullish

at 322.25 % from Mildly Bullish on 09 Jul 2021
Outstanding PAT (9M) At Rs 335.23 cr has Grown
at Rs 653.7 Bullish
at 205.62 % Moving Averages (daily) turned
Bullish from Mildly Bullish on 18
PBT less OI (Q) At Rs 179.33 cr has
May 2021 at Rs 571.4
Grown at 431.9 %
LONG TERM DRIVERS: POSITIVE

QUALITY VALUATION
Size - Ranks 4th out of 96 companies At the current stock price and
in Auto Anc sector financial performance the stock
Good has Attractive valuation Attractive
RETURNS
MARKET BEATING PERFORMANCE IN LONG

TERM AS WELL AS NEAR TERM
Along with generating 200%
156.43% returns in the last
1 year, the stock has 100%
156.43% outperformed BSE 500 in

the last 3 years, 1 year 0%
UP and 3 months -100%
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Minda Industries Ltd BSE500
Inconsistent Performance against Mid Cap

companies
Minda Industries Ltd has not been a
consistent performer in the YTD
1st
Quartile
3rd
Quartile
2nd
Quartile
Stock has been in the 3rd quartile in 2020
and in 1st in YTD period
YTD 2020 2019

82.70% 13.40% 8.67%
Company 1 Month 3 Month 1 Year 3 Years

Minda Industries 10.6% 36.04% 156.43% 75.85%
Return Motherson Sumi -3.72% -3.11% 116.92% 13.3%
Comparison
Bosch -3.7% 6.23% 8.3% -23.81%
with Peers
Closest peers by Endurance Tech 6.37% 29.15% 77.49% 16.36%
market cap Wabco India 2.82% 6.09% 5.66% 10.24%
FACTORS
NOT WORKING
FOR THE COMPANY

SHAREHOLDING
PROMOTERS REDUCE STAKE BY -1.02%

70.79% 70.88% 70.88% 70.87%
Promoters have decreased their stake in the 75% 69.85%
company by -1.02% over the previous quarter and

currently hold 69.85% of the company
50%
Promoters decreasing their stake may signify
reduced confidence in the future of the business
25%
0.00% 0.00% 0.00% 0.00% 0.00%

0%
Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
Promoter Pledge
Mutual Funds
10.45%
Shareholding Snapshot : Jun 21
Insurance Majority shareholders : Promoters
Companies
0.48% Pledged Promoter Holdings : None
FIIs
8.95%
Mutual Funds : Held in 18.00 Schemes (10.45%)
Promoters
69.85% Non Institution FIIs : Held by 89 FIIs (8.95%)
10.27%
Promoter with highest holding : Minda Investments Ltd. (24.565%)
Highest Public shareholder : Matthews Asia Dividend Fund (4.936%)
Individual Investors Holdings : 5.8%
FII
15%
holding has decreased by - 10.26%

9.65%
0.65%
9.61% 9.60%
10% 8.95%
Number of FIIs holding stake in the company has

increased to 89 from 88
5%
0%
Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
RESULT
ANALYSIS 
QUARTERLY VARIANCE
QUARTER RESULTS VARIANCE ANALYSIS

Mar'21 Dec'20 QoQ Mar'20 YoY Comments
Total Operating income 2,238 2,031 10.2% 1,339 67.2% High Growth in previous quarter
and same quarter last year
Total Expenditure (Excl Depreciation) 1,937 1,752 10.5% 1,217 59.1% High Growth in previous quarter
Operating Profit (PBDIT) excl Other Income 302 279 8.2% 122 147.2% High Growth in previous quarter
Other Income 9 17 -46.5% 16 -44.2% Fall in previous quarter and same
quarter last year
Operating Profit (PBDIT) 310 296 5.1% 138 125.1% High Growth in previous quarter
Interest 15 20 -24.4% 21 -28% Fall in previous quarter and same
quarter last year
Exceptional Items 2 0 0% -9 -119.4%
Depreciation 107 100 6.8% 82 31.2% High Growth in previous quarter
Profit Before Tax 190 175 8.5% 26 620.1% High Growth in previous quarter
Tax 48 47 0.4% 13 259.1% QoQ and YoY increase
Provisions and contingencies 0 0 0% 0 0%

Net Profit 142 128 11.5% 13 985% High Growth in previous quarter
Share in Profit of Associates 21 9 142.3% -0 -7%
Minority Interest 24 21 10.8% 6 324.6% High Growth in previous quarter
Other related items 0 0 0% 0 0%
Consolidated Net Profit 140 115 21.6% 7 1% QoQ and YoY increase
Consolidate results triggered in Rs Cr
Margins
Mar'21 Dec'20 Sep'20 Jun'20 Mar'20 Avg. (4 Comments
Qtrs)
OPM 13.5% 13.7% 14.7% -17.1% 9.1% 5.1% Higher than average (4 Qtrs) – Promising
GPM 13.3% 13.6% 14.3% -20.9% 8.1% 3.8% Higher than average (4 Qtrs) – Promising
NPM 6.4% 6.3% 5.8% -28.5% 1.0% -3.9% Higher than average (4 Qtrs) – Promising
ANNUAL RESULT
NET SALES - YOY GROWTH IN YEAR ENDED

MAR 2021 IS 2.44% VS 5.31% IN MAR 2020
Consolidated Net Profit: YoY Growth in year ended Mar 2021 is 33.16% vs -45.67% in Mar
2020
Operating Profit (PBDIT) excl Other Income: YoY Growth in year ended Mar 2021 is 7.92%
vs -7.36% in Mar 2020
Interest: YoY Growth in year ended Mar 2021 is -21.79% vs 49.12% in Mar 2020 2.44%
Operating Profit Margin (Excl OI): YoY Growth in year ended Mar 2021 has improved from NET SALES
Mar 2020
Mar'21 Mar'20 Change(%)

Net Sales 6,373.74 6,222.03 2.44%
Key Operating Profit (PBDIT) excl Other Income 724.99 671.80 7.92%
Annual Interest 73.65 94.17 -21.79%
Results Exceptional Items 1.73 -34.46 105.02%
Consolidated Net Profit 206.63 155.18 33.16%
Operating Profit Margin (Excl OI) 11.37 10.80 0.57%
Figures in Rs Cr | Seasonal companies are compared with the same quarter last year
Net Sales-YoY Growth in year ended Mar 2021 is 2.44% vs Consolidated Net Profit-YoY Growth in year ended Mar 2021
5.31% in Mar 2020 is 33.16% vs -45.67% in Mar 2020
10000 500
5,908.09 6,222.03 6,373.74 310.19 285.62

4,548.29 206.63
5000 3,665.36 250 165.17 155.18
0 0
Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Operating Profit (PBDIT) excl Other Income-YoY Growth in Operating Profit Margin (Excl OI)-YoY Growth in year ended
year ended Mar 2021 is 7.92% vs -7.36% in Mar 2020 Mar 2021 has improved from Mar 2020
1000 20
725.18 671.80 724.99
11.74 12.27 11.37
533.82 10.20 10.80
500 373.99 10
0 0
Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Figures in Rs Crore
BALANCESHEET AND CASHFLOW
BALANCE SHEET AND CASH FLOW ANALYSIS
-21.70% Borrowings
Mar'21
1,392.02
Mar'20
1,777.80
Change%
-21.70%
Increase
Other Long Term Liabilities 180.12 177.41 1.53%
Fixed Assets 2,452.06 2,195.13 11.70%
Investments 528.61 372.16 42.04%
in Borrowings in quarter Current Assets 2,421.35 1,789.46 35.31%
ended Mar 2021 vs in
Figures in Rs Cr
Mar 2020
Other Long Term Liabilities: YoY Growth in year ended Mar 2021 is 1.53% vs 134.73% in Mar 2020
Fixed Assets: YoY Growth in year ended Mar 2021 is 11.70% vs 20.10% in Mar 2020
Investments: YoY Growth in year ended Mar 2021 is 42.04% vs 4.66% in Mar 2020
Current Assets: YoY Growth in year ended Mar 2021 is 35.31% vs 3.27% in Mar 2020
Cash From Operation - YoY Growth in year ended Mar

-67.32% 2021 is -67.32% vs 153.29% in Mar 2020
Mar'21 Mar'20 Change%
GROWTH Cash Flow from Operating Activities 342.71 1,048.55 -67.32%
Figures in Rs Cr
1500
1,048.55
1000
500 413.97
334.62 362.07 342.71
0
Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
PEER COMPARISION
PEER COMPARISON
Minda Bosch Endurance Tech Wabco India Sundaram
Industries Clayton
Size
Market Cap (Cr.) 18,989 44,030 25,147 13,920 7,526
Annual Sales (TTM) (Cr.) 6,152 11,168 6,547 2,189 23,250
Annual Net Profit (TTM) (Cr.) 217 1,388 529 157 544
Growth Factors (TTM)
Net Sales Growth 1 year 12.6% 38.3% -5.4% 50.2% 40.3%
Operating Profit Growth 1 year 15.9% 139.8% -10.5% 315.6% 68.7%
Net Profit Growth 1 year 32.9% 43.8% -6.5% 115.3% 322.8%
Net Sales Growth 5 year 19.5% -2.3% 4% 1.6% 3.1%
Operating Profit Growth 5 year 20.4% -12.8% 8.4% -6.8% 6.6%
Net Profit Growth 5 year 15.2% -2.1% 12.5% -7.5% 13.2%
Capital Structure Factors
EBIT to Interest 5.1 80.1 46.6 98.7 2.2

Debt to EBITDA 1.3 0.1 0.4 0.1 4.3
Net Debt to Equity 0.3 -0.4 -0.2 -0.6 2.9
Sales to Capital Employed 2.1 1.7 2.2 2.1 1.8
Management Quality Factors
ROCE (latest) 12.3% 14.4% 21.2% 12.8% 15.4%
ROE(latest) 9.6% 12.3% 14.8% 7.8% 11.7%
Tax Ratio 30.3% 21.8% 19.7% 29.5% 28.9%
Operating CF to Net Profit 158% 59.4% 117.6% 141.2% 357.5%
Dividend Payout Ratio 6.8% 47.7% 13.7% 11.9% 18.6%
Valuation Factors
PE Ratio 92.7 31.2 45.6 88.6 13.1
Price to Book 8.9 4.4 6.8 6.9 2.5
PEG Ratio 3.5 0.7 - 0.8 0
Dividend Yield 0.1% 0.8% - - 0.7%
EV to EBITDA 28.8 25 22.6 46.2 5.6
EV to Capital Employed 7 6.9 7.8 14.2 1.4
Shareholding
Promoter Holdings 69.8% 70.5% 75% 77% 75%
Promoter Pledged Holdings - - - - -
Total Institutional Holding 19.9% 20.5% 23.5% 14.7% 14.6%
FII Holdings 8.9% 4.3% 8.3% 0.6% 0.3%
Returns
1 Month 11.4% -3.7% 6.2% 1.3% 2.9%
3 Months 37.1% 6.2% 28.9% 4.5% 7.7%
YTD 82.7% 15.1% 26.9% 31.4% 34.4%
1 Year 158.3% 8.3% 77.2% 4.1% 113%
3 Years 77.2% -23.8% 16.2% 8.6% -10.6%
COMPANY BACKGROUND
COMPANY BACKGROUND
About the Company

Minda Industries Limited (MIL) is engaged in the manufacturing of auto electrical
INDUSTRY : Auto Anc parts, such as switches, lightings, batteries and blow moulded products. Its
products range include Switch 2W/HBA, sensors, actuators, controllers, Switch
4W/HVAC, mirrors, lighting, HLL Motors, horns, compressed natural gas
20,650 cr (Mid Cap) (CNG)/liquid petroleum gas (LPG) kits, batteries, blow molding components, wheel
covers, seat belts, seating and systems and cigar lighter. Its two wheeler’s switches
include handle bar system assembly, electronic systems, brake switch, gear shift
Part of NIFTY 500 switch and modular switch. Its off road switches include rotary switches, starter
switches, plunger switches and rocker switches. Its automotive lighting products
include tail lamp, side indicator lamps, head lamps, front fog lamp, rear fog lamps,
warning triangles, work lamp and interior lamp. MIL has automotive battery brand
Vroom. On April 15, 2013, the Company acquired Clarton Horn S.A.U.
Board of Directors
Nirmal K Minda Chairman & Managing Director
Tarun Kumar Srivastava Company Secretary
Satish Sekhri Independent Director
Anand Minda Director
Pravin Tripathi Independent Director
4 more board of directors
Company Coordinates
Company Details: Registrat Details:

B - 64 / 1, Wazirpur Industrial Area New Delhi Delhi : 110052 Link Intime India Pvt Ltd., Narang Tower 44, Community
Tel: 011 - 27374444 , 0124 - 2290427/28 Centre, Naraina Industrial Area , Phase - 1, New Delhi
Fax: 0124 - 2290676 / 95 Email: Delhi@Intimespectrum.com
Email: investor@mindagroup.com
Website: www.mindagroup.com
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High Management Efficiency: Low Debt Healthy Growth in Outstanding Bullish

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High Management Efficiency: Low Debt Healthy Growth in Outstanding Bullish

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Report as on 10 August 2021 at 09:24 AM

Outstanding CMP: 723.00

WHY IT’S A STRONG BUY? IS THIS STOCK FOR YOU?

-The stock is trading at a discount compared to its

BEFORE PROCEEDING AHEAD

This Real-Time Stock Analysis Report was

Some factors/data, as well as the buy/sell/hold call

To access the LATEST version of this report.

HIGH MANAGEMENT EFFICIENCY WITH A

Dividend Payout Ratio

STRONG ABILITY TO SERVICE DEBT AS THE

Total Debt Debt to EBITDA Ratio

Total Debt EBIT to Interest

HEALTHY LONG TERM GROWTH AS

High Growth in Net Sales 7500Cr

High Growth in Operating 600Cr

Profit of 20.4% CAGR

Operating Profit has seen a high

Net Profit of 15.2% CAGR 300Cr 277

15.2% Net Profit has seen a high growth of

WITH A GROWTH IN NET PROFIT OF

11.45%, THE COMPANY DECLARED 2

Near term PBT trend is positive 158.52

Near term PAT trend is positive 139.02

Near term sales trend is positive

The company's ability to manage

Interest in the last five quarters

Near term Operating Profit trend 301.59

Rs 301.6 is positive 215.44

cr Operating Profit (Rs Cr)

Operating Profit in the last five quarters

Increasing profitability; company

The company has been reducing

Mar'21 Dec'20 Change%

STOCK IS TECHNICALLY IN A BULLISH

723.00 668.12 518.08

Factors with upward momentum

Consistent Returns over the last 3 years

Stock BSE 500 Stock BSE 500 Stock BSE 500

WITH ROCE OF 12.3, IT HAS A ATTRACTIVE

Attractive Wabco India

as compared to its Fundamentals

Enterprise value to Capital Employed vs ROCE

Company Valuation Price to Book PE Ratio PEG Ratio Dividend

PART OF MOJO STOCKS

Mojo Analysis of Minda Industries

NEAR TERM DRIVERS: VERY POSITIVE

PAT (HY) At Rs 254.40 cr has Grown Technical trend turned Bullish

LONG TERM DRIVERS: POSITIVE

MARKET BEATING PERFORMANCE IN LONG

156.43% outperformed BSE 500 in

UP and 3 months -100%

Inconsistent Performance against Mid Cap

YTD 2020 2019

Company 1 Month 3 Month 1 Year 3 Years

PROMOTERS REDUCE STAKE BY -1.02%

company by -1.02% over the previous quarter and

0.00% 0.00% 0.00% 0.00% 0.00%

holding has decreased by - 10.26%

Number of FIIs holding stake in the company has

QUARTER RESULTS VARIANCE ANALYSIS

Provisions and contingencies 0 0 0% 0 0%