BSE:532539

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Executive Summary

Minda Industries Limited, together with its subsidiaries, designs, develops, manufactures, and sells auto components in India and internationally. More Details


Snowflake Analysis

High growth potential with adequate balance sheet.


Similar Companies

Share Price & News

How has Minda Industries's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 532539 is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 532539's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

4.6%

532539

3.2%

IN Auto Components

0.3%

IN Market


1 Year Return

9.3%

532539

6.2%

IN Auto Components

7.0%

IN Market

Return vs Industry: 532539 exceeded the Indian Auto Components industry which returned 6.2% over the past year.

Return vs Market: 532539 exceeded the Indian Market which returned 7% over the past year.


Shareholder returns

532539IndustryMarket
7 Day4.6%3.2%0.3%
30 Day16.4%15.3%9.0%
90 Day10.1%8.1%8.8%
1 Year10.0%9.3%7.4%6.2%8.9%7.0%
3 Year-7.6%-8.7%-22.4%-24.6%5.1%0.009%
5 Year558.0%542.5%25.1%19.7%51.8%40.4%

Long-Term Price Volatility Vs. Market

How volatile is Minda Industries's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Minda Industries undervalued compared to its fair value and its price relative to the market?

686.54x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 532539 (₹379.8) is trading above our estimate of fair value (₹121.43)

Significantly Below Fair Value: 532539 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 532539 is poor value based on its PE Ratio (686.5x) compared to the IN Auto Components industry average (31.7x).

PE vs Market: 532539 is poor value based on its PE Ratio (686.5x) compared to the Indian market (17.1x).


Price to Earnings Growth Ratio

PEG Ratio: 532539 is poor value based on its PEG Ratio (8.9x)


Price to Book Ratio

PB vs Industry: 532539 is overvalued based on its PB Ratio (4.9x) compared to the IN Auto Components industry average (1.4x).


Next Steps

Future Growth

How is Minda Industries forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

76.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 532539's forecast earnings growth (76.7% per year) is above the savings rate (7.2%).

Earnings vs Market: 532539's earnings (76.7% per year) are forecast to grow faster than the Indian market (24.3% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 532539's revenue (21.7% per year) is forecast to grow faster than the Indian market (11.5% per year).

High Growth Revenue: 532539's revenue (21.7% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 532539's Return on Equity is forecast to be low in 3 years time (15%).


Next Steps

Past Performance

How has Minda Industries performed over the past 5 years?

5.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 532539 has high quality earnings.

Growing Profit Margin: 532539's current net profit margins (0.3%) are lower than last year (4.3%).


Past Earnings Growth Analysis

Earnings Trend: 532539's earnings have grown by 5.7% per year over the past 5 years.

Accelerating Growth: 532539's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 532539 had negative earnings growth (-94.1%) over the past year, making it difficult to compare to the Auto Components industry average (-47.3%).


Return on Equity

High ROE: 532539's Return on Equity (1.2%) is considered low.


Next Steps

Financial Health

How is Minda Industries's financial position?


Financial Position Analysis

Short Term Liabilities: 532539's short term assets (₹18.4B) exceed its short term liabilities (₹15.8B).

Long Term Liabilities: 532539's short term assets (₹18.4B) exceed its long term liabilities (₹10.4B).


Debt to Equity History and Analysis

Debt Level: 532539's debt to equity ratio (41.9%) is considered high.

Reducing Debt: 532539's debt to equity ratio has reduced from 62.3% to 41.9% over the past 5 years.

Debt Coverage: 532539's debt is well covered by operating cash flow (53.5%).

Interest Coverage: 532539's interest payments on its debt are not well covered by EBIT (2.5x coverage).


Balance Sheet


Next Steps

Dividend

What is Minda Industries's current dividend yield, its reliability and sustainability?

0.29%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 532539's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 532539's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 532539's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 532539's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 532539 is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 532539's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.1yrs

Average management tenure


CEO

Nirmal Minda (63 yo)

10.5yrs

Tenure

₹23,403,000

Compensation

Mr. Nirmal Kumar Minda has been Chairman of Board and Managing Director at Minda Industries Limited since May 25, 2015 and serves its Director since September 16, 1992. Mr. Minda serves as Managing Directo...


CEO Compensation Analysis

Compensation vs Market: Nirmal's total compensation ($USD317.19K) is below average for companies of similar size in the Indian market ($USD621.07K).

Compensation vs Earnings: Nirmal's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Nirmal Minda
Chairman & MD10.5yrs₹23.40m40.89%
₹ 42.2b
Sunil Bohra
Group Chief Financial Officer2.08yrs₹39.81mno data
Tarun Srivastava
Compliance Officer & Company Secretary2.5yrs₹2.54mno data
Anand Minda
Non-Executive Director & CEO of Aftermarket Domain9.58yrsno data0.021%
₹ 21.3m
Paridhi Jindal
Whole Time Director1.67yrs₹6.05m0.81%
₹ 841.4m
Tripurari Kumar
General Manager of Corporate Finance1.58yrsno datano data
Amit Jain
CEO of Advance Electronics Domain & Group CTOno datano datano data
Naveesh Garg
Group Chief Strategy & Marketing Officer1.83yrsno data0.047%
₹ 48.6m
Rajiv Kapoor
Head of Group Human Resourcesno datano data0.016%
₹ 16.9m
Ravi Mehra
Chief Executive Officer of Interiorno data₹2.96m0.056%
₹ 57.9m
Vivek Jindal
President of Horns Business and MD of Minda Emer & Onkyo5.75yrs₹1.16m0.027%
₹ 27.6m
Rajeev Gandotra
Chief Executive Officer of Body & Structure Domain1.83yrsno data0.043%
₹ 44.3m

2.1yrs

Average Tenure

59yo

Average Age

Experienced Management: 532539's management team is considered experienced (2.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Nirmal Minda
Chairman & MD10.5yrs₹23.40m40.89%
₹ 42.2b
Anand Minda
Non-Executive Director & CEO of Aftermarket Domain9.58yrsno data0.021%
₹ 21.3m
Paridhi Jindal
Whole Time Director1.67yrs₹6.05m0.81%
₹ 841.4m
Satish Sekhri
Non-Executive & Independent Director6.25yrs₹930.00k0.00080%
₹ 826.1k
Chandan Chowdhury
Non Executive Independent Director1.25yrs₹200.00kno data
Pravin Tripathi
Non-Executive Independent Director1.75yrs₹795.00kno data
Krishan Jalan
Non Executive Independent Director1.5yrs₹775.00kno data

1.8yrs

Average Tenure

65.5yo

Average Age

Experienced Board: 532539's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 532539 insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.7%.


Top Shareholders

Company Information

Minda Industries Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Minda Industries Limited
  • Ticker: 532539
  • Exchange: BSE
  • Founded: 1958
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Market Cap: ₹103.265b
  • Shares outstanding: 271.93m
  • Website: https://www.unominda.com

Number of Employees


Location

  • Minda Industries Limited
  • Village Nawada Fatehpur
  • P.O. Sikanderpur, Badda
  • Gurugram
  • Haryana
  • 122004
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
532539BSE (Mumbai Stock Exchange)YesEquity SharesININRAug 2004
MINDAINDNSEI (National Stock Exchange of India)YesEquity SharesININRAug 2004

Biography

Minda Industries Limited, together with its subsidiaries, designs, develops, manufactures, and sells auto components in India and internationally. It provides auto electrical parts, including switches, hor...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 12:04
End of Day Share Price2020/11/26 00:00
Earnings2020/09/30
Annual Earnings2020/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.