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Minda Corporation Ltd.

Main Activities: Automotive and Transportation Equipment Manufacturing

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Company Information

Full name
Minda Corporation Ltd.

Legal Address
36A, Rajasthan Udyog Nagar, , ; Delhi; Delhi; 110033
Status: Listed
Legal Form: Public Limited Company
Operational Status: Operational
Financial Auditors: RN Saraf & Co (2011)
Total Employees: 2,831

Company Description

For over five decades, MINDA has been a major presence in India's automobile industry. These fifty years have been interspersed by a number of technological innovations that have gone on to become industry standards. Today the Group has emerged as one of the leading manufacturer of automobile components with a turnover of Rs. 1700 Crores ($ 378 million) for 2009-10 and employs more than 8000 people India-wide & Overseas.

Company Analysis

According to the Consolidated - Audited financial statement for the Year of 2012, total net operating revenues increased with 88.15%, from INR 736.21 tens of millions to INR 1,385.18 tens of millions. Operating result increased from INR 75.79 tens of millions to INR 134.32 tens of millions which means 77.23% change. The results of the period increased 100.06% reaching INR 69.5 tens of millions at the end of the period against INR 34.74 tens of millions last year. Return on equity (Net income/Total equity) went from 12.57% to 19.30%, the Return On Asset (Net income / Total Asset) went from 5.00% to 6.36% and the Net Profit Margin (Net Income/Net Sales) went from 4.72% to 5.02% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 233.07% compared to 154.02% of last year.

Key Executives

Ashok Minda Chairman
Avinash P Gandhi Director
R Laxman Director
Rakesh Chopra Director
Jeevan Mahaladar Managing Director
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Balance Sheet

Shareholders Equity

20

20

* All the accounts are in INR.
Income Statement

Total Operating Revenue

1,506

999

Net Profit (Loss)

12

7

* All the accounts are in INR.
Ratios
Profitability Ratios

Return on Equity (ROE)

63.04%

37.45%

Annualised Return on Equity (ROE)

84.05%

74.9%

Return on Sales (ROS)

102.31%

102.21%