Company Profile

MINDA INDUSTRIES LTD.

NSE : MINDAINDBSE : 532539ISIN CODE : INE405E01023Industry : Auto AncillaryHouse : Nirmal Kumar Minda
BSE287.304.85 (+1.72 % )
PREV CLOSE (Rs.) 282.45
OPEN PRICE (Rs.) 288.00
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 16466
TODAY'S LOW / HIGH (Rs.)282.00 293.35
52 WK LOW / HIGH (Rs.)209.3 425.85
NSE286.85 3.65 (+1.29 % )
PREV CLOSE(Rs.) 283.20
OPEN PRICE (Rs.) 284.90
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 286.85 (1517 )
VOLUME 389539
TODAY'S LOW / HIGH(Rs.) 282.10 294.00
52 WK LOW / HIGH (Rs.)206.25 425.9

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STOCK SUMMARY
Trade Value (Rs. in Lacs) 0.00
Dividend Yield(%) 0.38
TTM EPS (Rs.) 4.52
P/E Ratio 63.55
Book Value (Rs.) 43.96
Face Value (Rs.) 2
MCap (Rs. in Mn) 75334.93
Price/Earning (TTM) 37.68
Price/Sales (TTM) 3.77
Price/Book (MRQ) 6.54
PAT Margin (%) 6.92
ROCE (%) 15.69
Incorporation Year : 1992

Management Info :

Nirmal K Minda - Chairman Nirmal K Minda - Managing Director

Registered Office :

Address : B - 64 / 1,Wazirpur Industrial Area,,
New Delhi,
Delhi-110052

Phone : 011 - 27374444 , 0124 - 2290427/28

Website : www.mindagroup.com

Registrar's Details : Link Intime India Pvt Ltd.
Noble Heights, 1st Floor, Plot NH 2,C-1 Block LSC, Near Savitri Market,Janakpuri,New Delhi
Listing : BSE, NSE, Delhi, MCX
NEWS More
14May05-14-2020$Minda Industries surges on the BSE Minda Industries surges on t

Minda Industries is currently trading at Rs. 275.00, up by 9.10 points or 3.42% from its previous closing of Rs. 265.90 on the BSE.

The scrip opened at Rs. 261.60 and has touched a high and low of Rs. 278.70 and Rs. 257.40 respectively. So far 9938 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 425.85 on 27-Jan-2020 and a 52 week low of Rs. 209.30 on 19-Mar-2020.

Last one week high and low of the scrip stood at Rs. 278.70 and Rs. 238.70 respectively. The current market cap of the company is Rs. 7166.39 crore.

The promoters holding in the company stood at 70.79%, while Institutions and Non-Institutions held 17.05% and 12.16% respectively.

Minda Industries has redeemed Commercial Paper (CP) of Rs 30 crore on May 05, 2020, which was issued on February 05, 2020.

Minda Industries offers a range of products across various verticals of auto components, such as switching systems, acoustic systems and alloy wheels, among others.

 

Minda Industries is currently trading at Rs. 275.00, up by 9.10..
07May05-07-2020$Minda Industries redeems CP of Rs 30 crore Minda Industries redeems CP

Minda Industries has redeemed Commercial Paper (CP) of Rs 30 crore on May 05, 2020, which was issued on February 05, 2020.

Minda Industries offers a range of products across various verticals of auto components, such as switching systems, acoustic systems and alloy wheels, among others.

Minda Industries has redeemed Commercial Paper (CP) of Rs 30 cr..
28Apr04-28-2020$Reliance Industries, Syngene International and Ambalal Sarabhai Enterprises to see some action today Reliance Industries, Syngene

Reliance Industries has allotted 27,950 Unsecured Redeemable Non-Convertible Debentures (NCDs) of the face value of Rs.10,00,000 each, aggregating Rs 2,795 crore (PPD Series L Debentures), issued on private placement basis.  The said NCDs are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE).

Syngene International has opened a COVID-19 testing laboratory at its Bengaluru site. In less than six weeks, the company used its expertise in clinical trial management, human clinical sample testing procedures, molecular biology and viral testing to gain the additional approvals, including ICMR approval, necessary to open the facility to support hospitals in the city. A dedicated team of scientists has been trained to perform these tests as per the guidelines prescribed by national and global regulatory authorities. Necessary processes have been established for safe handling of the samples and testing kits have been sourced and validated.

CoSara is a joint venture company of Synbiotics, a wholly owned subsidiary of Ambalal Sarabhai Enterprises and Co- Diagnostics Inc, USA, has been granted manufacturing license by Central Drugs Standard Control Organization (CDSO), Delhi to manufacture Saragenetm Covid-19, RT-PCR test kits in India. The company has started to manufacture the test kits based upon the license granted at its Gujarat based plant.

Coal India has signed two agreements with heavy engineering major BEML for purchasing dumpers at Rs 400 crore. The miner will procure 15 dumpers from the manufacturing PSU. The contract cost for seven 150-tonne dumpers is around Rs 150 crore and that of eight 190-tonne dumpers is Rs 250 crore.

Rallis India has resumed operations at its plants located at Lote, Ankleshwar and Dahej effective April 27, 2020 after completing critical maintenance jobs which could be taken up by advancing the Annual Shutdown. The production levels will be gradually increased. The company's operations come under the approved list of essential activities as per Ministry of Home Affairs, Government of India.

Dish TV India has entered into partnership with MX Player in a bid to offer unmatched video-on-demand content. With this strategic association with MX player, Dish TV India has further strengthened its portfolio by adding one more app in the app zone on its Android-based connected devices, namely Dish SMRT Hub and d2h stream for its DishTV and d2h users respectively. Users will now be able to stream an exciting slate of popular MX Originals, TV shows, Music Videos and Movies across multiple genres and languages.

Minda Industries has been granted approval to resume production at certain locations. Accordingly, production has resumed at certain facilities located in Pantnagar from April 24, 2020 at and Waluj from April 27, 2020. Clarton Horn’s manufacturing facility in Spain has also resumed production. These facilities are currently operating at partial capacity and production will be enhanced to normalized level in a phased manner, based on government directives and customer demand.

Reliance Industries has allotted 27,950 Unsecured Redeemable No..
01Apr04-01-2020$Minda Industries gets nod to invest Rs 33.5 crore in TG Minda Minda Industries gets nod to

Minda Industries’ board has approved an investment of Rs 33.5 crore in TG Minda, a 49.9% Joint venture of UNOMINDA and Toyoda Gosei, Japan (TG). The proceeds of the investment will be used to consolidate the Business of TG in India by transferring the shares of Toyoda Gosei South India (TG SIN) to TG Minda. TG SIN is a 95% subsidiary of TG. The transaction is subject to customary regulatory approvals.

TG SIN reported a turnover of Rs 377 crore in FY 2019. It is engaged in business of interior and exterior plastic molded components for automotive application. The transaction is expected to be completed by September 2020.

Minda Industries (MIL) is a flagship Company of UNO MINDA Group. UNO MINDA, a technology leader in Auto Components Industry is a leading supplier of proprietary automotive solutions to OEMs as Tier-1.

 

Minda Industries’ board has approved an investment of Rs 33.5..
01Apr04-01-2020$Allotment of Equity Shares Allotment of Equity Shares
Inter alia, has considered and approved the following matters: -. 1) Investment in Toyoda Gosei Minda India Private Limited ('Toyoda Gosei Minda') and acquisition of equity shares of Toyoda Gosei South India Private Limited (?TGSIN') by Toyoda Gosei Minda Toyoda Gosei Minda is a Joint Venture Company of Toyoda Gosei Co. Ltd., Japan (holding 50.10% stake) and Minda Industries Ltd. and its Associates (holding 49.90% stake). It is engaged in the manufacturing of Airbags, Steering Wheels with Airbags and Body Sealing for automobiles and is supplying its products to leading OEMs including Maruti Suzuki & Toyota Kirloskar. Board has approved further investment in the equity shares of Toyoda Gosei Minda for Rs. 33.46 Crores through Right Issue. The Board also reviewed the investment proposal of Toyoda Gosei Minda and accorded its consent for the acquisition of 95% stake of Toyoda Gosei South India Private Limited by Toyoda Gosei Minda, based on the Valuation Report of an Independent Valuer. Toyoda Gosei South India Private Limited is engaged in the manufacturing and sales of Interiors & exteriors plastic moulded components, functional components, safety systems to leading OEMs including Toyota Kirloskar. It has a manufacturing plant located near Bangalore (Karnataka). The transaction is expected to be completed on or before September 2020. 2) Raising of Fund upto Rs. 700 Crores through issue of securities Board considered the proposal for fund raising upto Rs. 700 Crores, to be used for ongoing consolidation process, for new project(s), for working capital requirement of the company and for repayment of its debt/other financial obligation. The Board will seek approval for enabling resolution from the shareholders, for raising funds by way of Public or Private Placement, including by a Qualified Institutional Placement/ GDR/ FCCBs, to strengthen the overall capital structure of the Company. The aforesaid meeting was conducted through Electronic /Computerized means, as per the advisory note on preventive measures to curb the spread of COVID-19, issued by the Ministry of Corporate Affairs, vide D.O. No. Secy(MCA)/COVID-19/1/2020 dated 19 March, 2020.
Inter alia, has considered and approved the following matters:..
Financials More
Rs. in Millions
QTR Dec 19 ANNUAL 19
Net Profit181.4000000000011453
Gross Profit 235.400000000001 1858.9
Operating Profit 593.9000000000012621.3
Net Sales 4585.320997
ROLLING FORWARD P/E (EOD)
EVENT CALENDAR
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Shareholding Pattern More
PROMOTERS 70.79 %
MUTUAL FUNDS/UTI 6.45 %
NON-INSTITUTION 11.66 %
FI/BANKS/INSURANCE 0.19 %
GOVERNMENT 0 %
FII 0 %
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