#Minda corporation - ( just for information purpose)

• Market Cap: 1,800
• Current Price: 80
• 52 weeks High / Low 122.00 / 52.60
• Book Value: 42.92
• Stock P/E: 48.73
• Dividend Yield: 0.44 %
• ROCE: 10.21 %
• ROE: 8.61 %
• Sales Growth (3Yrs): 2.57 %

SHP – Promotors 68.10,FII- 5.97%,DII 7.50%,Non institutions 18.42%
Consolidated debt 394 Cr ( q1)
-cash balance of over Rs 350 Cr including Rs 320 crore raised through a QIP in fiscal 2019.

What they do

Their Customers

Revenue and business

Q1business updates

Most shark fin “antennas” on modern vehicles are actually modules: they contain several antennas inside a single housing. Common features include AM/FM, 4G LTE, GPS navigation, and Satellite Radio elements.(new segment by minda )

Another interesting business development that it is a first company in the country to start supplying the first keyless entry system in two wheeler OEM, this is going to be for the first two wheeler EV maker

Another good development in minda Corp is to coming out from loss making KSTN ,The KTSN group contributed Rs 500-600 crore annually (around 20%) to the revenue of the MCL group, but continued to be loss making in the two fiscals ended March 31, 2020.

The KTSN group's revenue loss is expected to be partially offset by increase in prices in the wire harnessing business in the BS-VI( till now KSTN was contributing to top line not bottom line )

Their progress for EV

The overall lifetime order book during Q1 is close to about Rs.397 Crores(Lifetime order is typically considered between four to five years depending upon the program life of the project)
Company is good but time is bad but I am sure they will come out from bad time successfully.

@threadreaderapp unroll

Their products cater to the two-wheeler, three-wheeler, commercial vehicle, four-wheeler, and replacement market segments, resulting in a diversified customer base.

Moreover, association with global OEMs through overseas entities has resulted in revenue generation for certain components in the domestic market.