{"id":885,"date":"2018-08-13T09:00:29","date_gmt":"2018-08-13T03:30:29","guid":{"rendered":"http:\/\/capitalante.com\/?p=885"},"modified":"2018-09-29T10:37:49","modified_gmt":"2018-09-29T05:07:49","slug":"fundamental-analysis-of-minda-industries-step-by-step","status":"publish","type":"post","link":"https:\/\/capitalante.com\/fundamental-analysis-of-minda-industries-step-by-step\/","title":{"rendered":"Fundamental Analysis of Minda Industries Step by Step"},"content":{"rendered":"<p><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\"><strong>Minda Industries <\/strong>was\u00a0incorporated in the year 1992. It is a Mid Cap company (having a market<img loading=\"lazy\" class=\"alignright\" src=\"https:\/\/encrypted-tbn0.gstatic.com\/images?q=tbn:ANd9GcQvUH9rxa7orEiPHwMAnQ77g4zn9uPBp80Ix2QI9sNV3Q-UwGpf\" alt=\"Fundamental analysis of Minda Industries\" width=\"270\" height=\"151\" \/> cap of Rs 10781 Crore) works in Auto Ancillaries sector. Its key Products\/Revenue Segments include Switches, Horns, Lighting Products, Scrap, and LED Lights. Here is the detailed fundamental analysis of Minda Industries.<\/span><\/p>\n<ul>\n<li><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">Read also:<span style=\"color: #ff0000;\">\u00a0<a style=\"color: #ff0000;\" href=\"https:\/\/www.dynamiclevels.com\/en\/minda-industries-fundamental-reports\" target=\"_blank\" rel=\"noopener\">MINDA INDUSTRIES Fundamental Report<\/a><\/span><\/span><\/li>\n<li><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">Read also:<span style=\"color: #ff0000;\">\u00a0<a style=\"color: #ff0000;\" href=\"https:\/\/economictimes.indiatimes.com\/minda-industries-ltd\/stocks\/companyid-5459.cms\" target=\"_blank\" rel=\"noopener\">Minda Industries Ltd.<\/a><\/span><\/span><\/li>\n<\/ul>\n<p><strong><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">Fundamental analysis of Minda Industries:<\/span><\/strong><\/p>\n<table style=\"border-collapse: collapse; width: 100%;\" border=\"1\">\n<tbody>\n<tr style=\"height: 50px;\">\n<td style=\"width: 50%; text-align: center; height: 50px;\" width=\"410\"><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\"><strong>Fundamental Points<\/strong><\/span><\/td>\n<td style=\"width: 50%; text-align: center; height: 50px;\" width=\"410\"><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\"><strong>Numbers<\/strong><\/span><\/td>\n<\/tr>\n<tr style=\"height: 50px;\">\n<td style=\"width: 50%; text-align: center; height: 50px;\" width=\"410\"><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\"><strong>Market cap<\/strong><\/span><\/td>\n<td style=\"width: 50%; text-align: center; height: 50px;\" width=\"410\"><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">10781 Crore<\/span><\/td>\n<\/tr>\n<tr style=\"height: 50px;\">\n<td style=\"width: 50%; text-align: center; height: 50px;\" width=\"410\"><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\"><strong>Debt: Equity ratio<\/strong><\/span><\/td>\n<td style=\"width: 50%; text-align: center; height: 50px;\" width=\"410\"><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">0.17<\/span><\/td>\n<\/tr>\n<tr style=\"height: 50px;\">\n<td style=\"width: 50%; text-align: center; height: 50px;\" width=\"410\"><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\"><strong>Compounded sales growth<\/strong><\/span><\/td>\n<td style=\"width: 50%; text-align: center; height: 50px;\" width=\"410\"><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">26.05%<\/span><\/td>\n<\/tr>\n<tr style=\"height: 50px;\">\n<td style=\"width: 50%; text-align: center; height: 50px;\" width=\"410\"><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\"><strong>Compounded profit growth<\/strong><\/span><\/td>\n<td style=\"width: 50%; text-align: center; height: 50px;\" width=\"410\"><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">74.04%<\/span><\/td>\n<\/tr>\n<tr style=\"height: 50px;\">\n<td style=\"width: 50%; text-align: center; height: 50px;\" width=\"410\"><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\"><strong>Return on equity<\/strong><\/span><\/td>\n<td style=\"width: 50%; text-align: center; height: 50px;\" width=\"410\"><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">26.09%<\/span><\/td>\n<\/tr>\n<tr style=\"height: 50px;\">\n<td style=\"width: 50%; text-align: center; height: 50px;\" width=\"410\"><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\"><strong>P\/E<\/strong><\/span><\/td>\n<td style=\"width: 50%; text-align: center; height: 50px;\" width=\"410\"><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">77.45<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\"><strong>Annual Results [Consolidated Figure in Rs. Crores]<\/strong><\/span><\/p>\n<table style=\"border-collapse: collapse; width: 100%;\" border=\"1\">\n<tbody>\n<tr style=\"height: 50px;\">\n<td style=\"width: 16.6667%; height: 50px; text-align: center;\"><\/td>\n<td style=\"width: 16.6667%; height: 50px; text-align: center;\"><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\"><strong>2014<\/strong><\/span><\/td>\n<td style=\"width: 16.6667%; height: 50px; text-align: center;\"><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\"><strong>2015<\/strong><\/span><\/td>\n<td style=\"width: 16.6667%; height: 50px; text-align: center;\"><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\"><strong>2016<\/strong><\/span><\/td>\n<td style=\"width: 16.6667%; height: 50px; text-align: center;\"><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\"><strong>2017<\/strong><\/span><\/td>\n<td style=\"width: 16.6667%; height: 50px; text-align: center;\"><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\"><strong>2018<\/strong><\/span><\/td>\n<\/tr>\n<tr style=\"height: 50px;\">\n<td style=\"width: 16.6667%; height: 50px; text-align: center;\"><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">Sales<\/span><\/td>\n<td style=\"width: 16.6667%; text-align: center;\"><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">1,706<\/span><\/td>\n<td style=\"width: 16.6667%; text-align: center;\"><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">2,232<\/span><\/td>\n<td style=\"width: 16.6667%; text-align: center;\"><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">2,527<\/span><\/td>\n<td style=\"width: 16.6667%; text-align: center;\"><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">3,386<\/span><\/td>\n<td style=\"width: 16.6667%; text-align: center;\"><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">4,471<\/span><\/td>\n<\/tr>\n<tr style=\"height: 50px;\">\n<td style=\"width: 16.6667%; height: 50px; text-align: center;\"><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">Expenses<\/span><\/td>\n<td style=\"width: 16.6667%; text-align: center;\"><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">1,628<\/span><\/td>\n<td style=\"width: 16.6667%; text-align: center;\"><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">2,078<\/span><\/td>\n<td style=\"width: 16.6667%; text-align: center;\"><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">2,290<\/span><\/td>\n<td style=\"width: 16.6667%; text-align: center;\"><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">3,012<\/span><\/td>\n<td style=\"width: 16.6667%; text-align: center;\"><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">3,969<\/span><\/td>\n<\/tr>\n<tr style=\"height: 84px;\">\n<td style=\"width: 16.6667%; height: 84px; text-align: center;\"><strong><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">Operating Profit<\/span><\/strong><\/td>\n<td style=\"width: 16.6667%; text-align: center;\"><strong><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">78<\/span><\/strong><\/td>\n<td style=\"width: 16.6667%; text-align: center;\"><strong><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">154<\/span><\/strong><\/td>\n<td style=\"width: 16.6667%; text-align: center;\"><strong><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">238<\/span><\/strong><\/td>\n<td style=\"width: 16.6667%; text-align: center;\"><strong><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">374<\/span><\/strong><\/td>\n<td style=\"width: 16.6667%; text-align: center;\"><strong><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">502<\/span><\/strong><\/td>\n<\/tr>\n<tr style=\"height: 50px;\">\n<td style=\"width: 16.6667%; height: 50px; text-align: center;\"><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">Other Income<\/span><\/td>\n<td style=\"width: 16.6667%; text-align: center;\"><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">18<\/span><\/td>\n<td style=\"width: 16.6667%; text-align: center;\"><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">33<\/span><\/td>\n<td style=\"width: 16.6667%; text-align: center;\"><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">19<\/span><\/td>\n<td style=\"width: 16.6667%; text-align: center;\"><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">14<\/span><\/td>\n<td style=\"width: 16.6667%; text-align: center;\"><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">103<\/span><\/td>\n<\/tr>\n<tr style=\"height: 50px;\">\n<td style=\"width: 16.6667%; height: 50px; text-align: center;\"><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">Interest<\/span><\/td>\n<td style=\"width: 16.6667%; text-align: center;\"><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">24<\/span><\/td>\n<td style=\"width: 16.6667%; text-align: center;\"><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">25<\/span><\/td>\n<td style=\"width: 16.6667%; text-align: center;\"><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">26<\/span><\/td>\n<td style=\"width: 16.6667%; text-align: center;\"><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">40<\/span><\/td>\n<td style=\"width: 16.6667%; text-align: center;\"><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">35<\/span><\/td>\n<\/tr>\n<tr style=\"height: 50px;\">\n<td style=\"width: 16.6667%; height: 50px; text-align: center;\"><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">Depreciation<\/span><\/td>\n<td style=\"width: 16.6667%; text-align: center;\"><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">59<\/span><\/td>\n<td style=\"width: 16.6667%; text-align: center;\"><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">83<\/span><\/td>\n<td style=\"width: 16.6667%; text-align: center;\"><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">93<\/span><\/td>\n<td style=\"width: 16.6667%; text-align: center;\"><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">136<\/span><\/td>\n<td style=\"width: 16.6667%; text-align: center;\"><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">165<\/span><\/td>\n<\/tr>\n<tr style=\"height: 84px;\">\n<td style=\"width: 16.6667%; height: 84px; text-align: center;\"><strong><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">Profit Before Tax<\/span><\/strong><\/td>\n<td style=\"width: 16.6667%; text-align: center;\"><strong><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">13<\/span><\/strong><\/td>\n<td style=\"width: 16.6667%; text-align: center;\"><strong><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">79<\/span><\/strong><\/td>\n<td style=\"width: 16.6667%; text-align: center;\"><strong><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">139<\/span><\/strong><\/td>\n<td style=\"width: 16.6667%; text-align: center;\"><strong><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">212<\/span><\/strong><\/td>\n<td style=\"width: 16.6667%; text-align: center;\"><strong><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">405<\/span><\/strong><\/td>\n<\/tr>\n<tr style=\"height: 50px;\">\n<td style=\"width: 16.6667%; height: 50px; text-align: center;\"><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">Tax<\/span><\/td>\n<td style=\"width: 16.6667%; text-align: center;\"><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">8<\/span><\/td>\n<td style=\"width: 16.6667%; text-align: center;\"><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">19<\/span><\/td>\n<td style=\"width: 16.6667%; text-align: center;\"><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">28<\/span><\/td>\n<td style=\"width: 16.6667%; text-align: center;\"><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">46<\/span><\/td>\n<td style=\"width: 16.6667%; text-align: center;\"><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">98<\/span><\/td>\n<\/tr>\n<tr style=\"height: 50px;\">\n<td style=\"width: 16.6667%; height: 50px; text-align: center;\"><strong><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">Net Profit<\/span><\/strong><\/td>\n<td style=\"width: 16.6667%; text-align: center;\"><strong><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">7<\/span><\/strong><\/td>\n<td style=\"width: 16.6667%; text-align: center;\"><strong><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">68<\/span><\/strong><\/td>\n<td style=\"width: 16.6667%; text-align: center;\"><strong><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">111<\/span><\/strong><\/td>\n<td style=\"width: 16.6667%; text-align: center;\"><strong><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">165<\/span><\/strong><\/td>\n<td style=\"width: 16.6667%; text-align: center;\"><strong><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">310<\/span><\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ul>\n<li><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">Read also:<span style=\"color: #ff0000;\">\u00a0<a style=\"color: #ff0000;\" href=\"http:\/\/capitalante.com\/the-benefits-of-bonus-share-and-stock-split-step-by-step\/\" target=\"_blank\" rel=\"noopener\">The Benefits of Bonus Share and Stock Split Step by Step<\/a><\/span><\/span><\/li>\n<li><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">Read also:<span style=\"color: #ff0000;\">\u00a0<a style=\"color: #ff0000;\" href=\"http:\/\/capitalante.com\/fundamental-analysis-of-vip-industries-step-by-step\/\" target=\"_blank\" rel=\"noopener\">Fundamental Analysis of VIP Industries Step by Step<\/a><\/span><\/span><\/li>\n<\/ul>\n<p><span style=\"font-size: 14pt; color: #000000; font-family: georgia, palatino, serif;\"><strong>Note<\/strong>:<em> This is the few lessons from the book which I discovered from Benjamin Graham &amp; David L. Dodd\u2019s<\/em><em>\u00a0brilliant book<span style=\"color: #0000ff;\"> &#8216;Security Analysis: Sixth Edition, Foreword by Warren Buffett&#8217;.<\/span><\/em><\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif; font-size: 14pt; color: #000000;\">If you like this post then don\u2019t forget to share and comment.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Minda Industries was\u00a0incorporated in the year 1992. It is a Mid Cap company (having a market cap of Rs 10781 Crore) works in Auto Ancillaries sector. Its key Products\/Revenue Segments include Switches, Horns, Lighting Products, Scrap, and LED Lights. Here &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Fundamental Analysis of Minda Industries Step by Step\" class=\"read-more button\" href=\"https:\/\/capitalante.com\/fundamental-analysis-of-minda-industries-step-by-step\/#more-885\">Continue Reading<span class=\"screen-reader-text\">Fundamental Analysis of Minda Industries Step by Step<\/span><\/a><\/p>\n","protected":false},"author":6,"featured_media":2476,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[12],"tags":[474],"_links":{"self":[{"href":"https:\/\/capitalante.com\/wp-json\/wp\/v2\/posts\/885"}],"collection":[{"href":"https:\/\/capitalante.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/capitalante.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/capitalante.com\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/capitalante.com\/wp-json\/wp\/v2\/comments?post=885"}],"version-history":[{"count":0,"href":"https:\/\/capitalante.com\/wp-json\/wp\/v2\/posts\/885\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/capitalante.com\/wp-json\/wp\/v2\/media\/2476"}],"wp:attachment":[{"href":"https:\/\/capitalante.com\/wp-json\/wp\/v2\/media?parent=885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/capitalante.com\/wp-json\/wp\/v2\/categories?post=885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/capitalante.com\/wp-json\/wp\/v2\/tags?post=885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}