MINDA CORPORATION LIMITED
Minda Corporation Limited is a listed public company incorporated on 11 March, 1985. It is classified
as a public limited company and is located in New Delhi, Delhi. It’s authorized share capital is INR
157.70 cr and the total paid-up capital is INR 47.82 cr.
Minda Corporation Limited’s operating revenues range is Over INR 500 cr for the financial year ending
on 31 March, 2021. It’s EBITDA has decreased by -12.71 % over the previous year. At the same time,
it’s book networth has increased by 18.51 %.
Minda Corporation Ltd.: Die Casting Division is a leading manufacturer of Aluminium & Zinc die
casted and machined components for Global Automotive & Non-Automotive Industry.
We offer our customers End to End solutions ranging from Prototyping, Tool Designing &
Manufacturing, Casting Simulation, Core Making, Die Casting, Shot Blasting, Powder Coating,
Assembly & multi process Foundry services.
With Three State of the Art Manufacturing facilities located in Pune & Greater Noida, India, the
company delivers best-in-class Gravity Die Casting (GDC), Low Pressure Die Casting (LPDC), High
Pressure Die Casting (HPDC) & Zinc Hot Chamber Casting products.
VISION OF COMPANY
‘To be a Dynamic, Innovative and Profitable Global Automotive Organization for emerging market as
the Preferred Supplier and Employer, to create value for all Stakeholders.’
‘Dynamic’
As a player, the Group is sensitive to the rapidly changing business environment. The actions of all
Group Companies are and will be geared towards meeting stringent benchmarks and norms that are
required and will be required.
Innovative -As a Group, we have been at the forefront of innovation. We intend to increase our focus
on innovation in products and technologies, organizational structure, and optimizing efficiencies. We
are also committed to change management as a way of life to enable us to meet the emerging
challenges of the Industry.
Profitable
We want to emerge in the global arena as a leading automotive player and realize profitability in
business so as to sustain and enhance our efforts towards emerging as a leader in the industry.
Global
We are already global and will continue to expand to meet the requirements of global OEMs and be a
significant player globally, in our own domain. In spreading globally, we will not focus on any
specific country or region but take decisions based on our core interests in the automotive sector.
Mission of the company
‘Our mission is to be an Automotive System Solution provider and build a brand recognized by
vehicle manufacturers progressively all over the world, as an organization providing products and
systems, unparalleled in Quality and Price.’
Stakeholders
We will ensure that our enterprise grows aggressively and earns adequate returns.
Customers
We will make customers for lifetime and always strive to exceed their expectations.
Partners
We will develop long term relationships with our partners based on mutual benefit, trust, support &
transparency.
Employees
We will treat our employees as family members and would provide them a safe, healthy, stimulating
and rewarding work environment.
Society
We will always be conscious of our responsibilities towards the society at large and undertake welfare
activities for the community.
Values of company
Commitment to Stakeholders
Demonstrate loyalty and dedication to the organization.
Passion for Excellence
Relentlessly improving and continuously raising the bar in everything we do.
Open Communication
Reasoning, knowledge, experience sharing, confronting fearlessly for the good of the organization.
Integrity & Fairness
Fair and upright in intention and actions - always complying with conscience.
Nurture Talent, Competency & Willingness
Create challenging opportunities and provide support for development of self and team members.
Encourage experimentation & willingness to accept challenges.
Respect & Humility
Must be Courteous, Compassionate, Caring, Humane and Humble in all our interpersonal exchanges.
Innovation & Improvement Orientation
Challenge status quo. Demonstrate creativity for improvement and breakthrough.
Partnering
Leverages interdependence, cooperative, readily provides support and assistance to others.
Responsibility
Take ownership for the consequences of ones decisions and actions.
Cross Cultural Diversity
Build a vibrant workforce with different ethnicity, cultural orientation with no prejudice due to sex /
caste / creed / color and to cherish our diversity.
BUSSINESS OF MINDA CORPORATION LIMITED
Our manufacturing facilities include the following :
High Pressure Die Casting – Cold Chamber



State-of-the-Art PLC/CNC Controlled with vacuum system
Capacity: 150 to 530 Tons Locking Force
Machine make: Buhler, Toshiba, Zitai
High Pressure Die Casting – Hot Chamber




Complete Automatic Zinc PDC machines
Cellular Concept Layout – Die Casting till packing in one single cell
Capacity: 30 to 280 Tons locking force
Make: Producer, Techmire, Frech, Jeng Fong
Gravity Die Casting


Machines Capacity: Casting weight range from 100 gms up to 15 Kg
Technology: -45˚ to 90˚ Tilting with PLC Controlled with temperature locking system
Quality Assurance Equipments




X-Ray (GE-XCUBE 160KV)
Contour Tracer: Mitutoyo
Profile Projector
Microscope with Particle Size Analyzer

Millipore Test Rig

Boroscope

Salt Spray Tester

DI Tester

Roughness Tester

Electronic Gauging Facility

Hardness Tester: Rockwell B & C Scale, Brinell

UTM: Fine Instruments

Sand Testing Equipments: Sieve Shaker, Hot Tensile Strength, and Scratch Hardness

Powder Coating/Plating/Surface treatment testing equipments: Micro sample
moulding machine, Polishing machine, DFT meter, and Pencil Hardness tester etc.
Management of MINDA corporation limited (BOD)
The company has 8 directors and 3 reported key management personnel.
The longest serving director currently on board is Ashok Minda who was appointed on 22 July, 1987.
Ashok Minda has been on the board for more than 35 years. The most recently appointed director is
Ravi Sud, who was appointed on 25 March, 2021.
Ashok Minda has the largest number of other directorships with a seat at a total of 11 companies. In
total, the company is connected to 40 other companies through its directors.
Major competitiors of Minda
Name
Last Price
Market Cap.
UNO Minda
536.70
30,729.62
Sales
Turnover
4,959.73
196.03
2,937.64
FIEM Ind
Lumax Inds
1,596.90
1,646.10
2,101.49
1,538.73
1,572.26
1,751.31
95.26
35.43
668.61
786.71
15.50
17.33
86.74
-6.33
66.25
(Rs. cr.)
Autolite India
Balance Sheet
Net Profit
Total Assets
------------------- in Rs. Cr. ------------------UNO
Minda
FIEM Ind
Lumax Inds
Jagan Litech
Autolite India
Mar '22
Mar '22
Mar '22
Mar '22
Mar '20
57.12
57.12
27.61
0.00
13.16
13.16
0.00
0.00
9.35
9.35
0.00
0.00
7.16
7.16
0.00
0.00
11.19
11.19
0.00
0.00
Reserves
2,507.70
634.27
413.36
17.47
23.20
Revaluation Reserves
Networth
0.00
2,592.43
0.00
647.43
0.00
422.71
0.00
24.63
0.00
34.39
Secured Loans
Unsecured Loans
Total Debt
Total Liabilities
345.21
0.00
345.21
2,937.64
21.17
0.00
21.17
668.60
363.99
0.00
363.99
786.70
5.18
0.00
5.18
29.81
31.87
0.00
31.87
66.26
UNO
Minda
FIEM Ind
Lumax Inds
Jagan Litech
Autolite India
Mar '22
Mar '22
Mar '22
Mar '22
Mar '20
Gross Block
Less: Accum. Depreciation
Net Block
1,940.04
619.86
1,320.18
948.00
440.82
507.18
1,031.42
320.27
711.15
35.05
15.71
19.34
35.43
0.00
35.43
Capital Work in Progress
Investments
93.58
1,204.10
0.71
86.01
48.03
7.89
0.00
0.00
0.00
1.60
472.00
877.98
62.83
184.74
174.60
66.88
264.35
232.14
15.70
6.46
8.79
0.12
13.71
36.14
0.37
1,412.81
225.66
0.00
1,638.47
426.22
34.09
0.00
460.31
512.19
173.24
0.00
685.43
15.37
2.48
0.00
17.85
50.22
20.76
0.00
70.98
Sources Of Funds
Total Share Capital
Equity Share Capital
Share Application Money
Preference Share Capital
Application Of Funds
Inventories
Sundry Debtors
Cash and Bank Balance
Total Current Assets
Loans and Advances
Fixed Deposits
Total CA, Loans & Advances
Deffered Credit
Current Liabilities
Provisions
0.00
1,202.66
116.03
0.00
375.49
10.11
0.00
620.75
45.04
0.00
7.05
0.31
0.00
38.37
3.39
Total CL & Provisions
Net Current Assets
1,318.69
319.78
385.60
74.71
665.79
19.64
7.36
10.49
41.76
29.22
Miscellaneous Expenses
Total Assets
0.00
2,937.64
0.00
668.61
0.00
786.71
0.00
29.83
0.00
66.25
91.08
89.80
75.04
491.97
129.87
452.20
0.00
34.38
0.00
30.74
Contingent Liabilities
Book Value (Rs)
Source : Dion Global Solutions Limited
PART – 02
COMPARATIVE BALANCESHEET
Comparative Balance sheet of Minda Industries
31-Mar
Particulars
2020
2021
(amount in cr)
(amount in cr)
Increase or Decrease
% Change
Absolute change
(amount in ₹ cr)
(amount in
cr)
Equity and Liabililites
Equity
Equity share capital
other equity
Equity attributable to owners of the
Company
Non-controlling interest
Total Equity
52.44
1763.28
54.39
2202.18
1.95
438.9
3.72
24.89
1815.72
282.84
2098.56
2256.18
306.45
2563.02
440.46
23.61
464.46
24.26
8.35
22.13
Liabilities
Non-current liabilities
Financial liabilities
(i) Borrowings
(ii) Lease liabilities
(iii) Other financial liabilities
Provisions
Deferred tax liabilities (net)
Total non-current liabilities
780.33
97.93
75.14
117.45
13.53
1084.38
539.12
90.55
89.7
135.07
29.93
884.24
(241.21)
(7.38)
14.56
17.62
16.4
(200.14)
(30.91)
(7.54)
19.38
15.00
121.21
(18.46)
Current liabilities
Financial liabilities
(i) Borrowings
ii) Lease liabilities
(iii) Trade payables
(a) total outstanding dues of micro and small
enterprises
(b) total outstanding dues of creditors other
than micro and small enterprises
(iv) Other financial liabilities
Other current liabilities
Provisions
Total current liabilities
Liabilities related to assets held for sale
total equity and liability
ASSETS
Non-current assets
Property, plant and equipment
Capital work-in-progress
Right-of-use assets
Intangible assets
Intangible assets under development
Goodwill on Consolidation
Financial assets
(i) Investments
ii) Loans
(iii) Other financial assets
Other tax assets
Other non-current assets
Total non-current assets
Current assets
Inventories
Financial assets
i) Trade receivables
ii) Cash and cash equivalents
(iii) Bank balances other than those included
in cash and cash equivalents
(iv) Loans
v) Other financial assets
Other current assets
Total current assets
Assets held for sale
Total assets
217.14
18.29
313.78
20.16
96.64
1.87
44.51
10.22
87.97
181.68
93.71
106.52
874.82
312.13
108.83
32.39
1651.57
1,108.11
757.37
110.03
39.04
2,530.17
233.29
445.24
1.2
6.65
878.6
26.67
142.65
1.10
20.53
53.20
(4.34)
(100.00)
4.34
4838.85
5,977.43
1138.58
23.53
1643.36
337.05
135.82
214.72
20
202.06
2,050.65
111.94
174.93
289.47
22.36
281.72
407.29
(225.11)
39.11
74.75
2.36
79.66
24.78
(66.79)
28.80
34.81
11.80
39.42
372.16
13.34
10.27
42.52
50.6
3041.9
528.61
27.26
3.7
26.17
39.27
3,556.08
156.45
13.92
(6.57)
(16.35)
(11.33)
514.18
42.04
104.35
(63.97)
(38.45)
(22.39)
16.90
555.26
750.56
195.3
35.17
726.41
250.98
1,198.82
205.61
472.41
(45.37)
65.03
(18.08)
76.86
5.7
34.89
139.36
1789.46
7.49
4838.85
32.57
2.94
27.28
202.01
2,421.35
(44.29)
(2.76)
(7.61)
62.65
631.89
(7.49)
1138.58
(57.62)
(48.42)
(21.81)
44.96
35.31
(100.00)
23.53
5,977.43
SCREENSHOT OF YEAR 2020
SCREENSHOT OF YEAR 2021
ANALYSIS OF THE MAJOR FACTORS

In 2020 Deferred tax liabilities is 13.53(cr) and in 2021 it is increased by 121.21 %

Borrowings is decreased by 30.91 % , In 2020 it was 780.33(cr.) and in 2021 it was 539.12(cr.)

Total current liabilities increased by 53.20%, In 2020 the current liability was 1651.57(cr.)
and in 2021 it was 2530.17 (cr.)

Company able to increase there property, plant and equipment in 2020, 1643.36(cr.) and in
2021 they increased it by 24.78%

Company able to achieve to good results in 2020 they have 1789.46cr. of total assets and in
2021 it was 2421.35 cr.
Comparative balance sheet of the year 2021 & 2022
Comparative Balance sheet of Minda Industries
31-Mar
Particulars
2020 21
202122
Increase or
Decrease
Absolute
change
%
(amont Change
in ₹ )
Equity and Liabililites
Equity
Equity share capital
54.39
57.12
other equity
2202.18 3381.33
Equity attributable to owners of the Company
2256.57 3438.45
Non-controlling interest
306.45
326.3
Total Equity 2563.02 3764.75
2.73
1179.15
1181.88
19.85
1201.73
Liabilities
Non-current liabilities
Financial liabilities
(i) Borrowings
(ii) Lease liabilities
(iii) Other financial liabilities
Provisions
Deferred tax liabilities (net)
Other non current liabilities
Total non-current liabilities
-164.42 -30.498
20.46 22.595
17.11 105.357
-49.97 -36.996
20.04 47.264
-15.22 -20.755
-172 -19.181
539.12
90.55
16.24
135.07
42.4
73.33
896.71
374.7
111.01
33.35
85.1
62.44
58.11
724.71
5.019
53.545
52.375
6.477
46.887
Current liabilities
Contract libilities
48.01 116.29
Financial liabilities
(i) Borrowings
509.4 441.18
ii) Lease liabilities
20.16
16.9
(iii) Trade payables
(a) total outstanding dues of micro and small
enterprises
181.68
179.1
(b) total outstanding dues of creditors other than
micro and small enterprises
1108.11 1232.58
(iv) Other financial liabilities
560.81 177.29
Current tax libilities
27.57
Other current liabilities
62.88
86.83
Provisions
39.04
64.49
Total current liabilities 2530.17 2342.23
Total liability 3426.88 3066.94
Total equity and liability
ASSETS
Non current assets
Property, plant and equipment
Capital work-in-progress
Right-of-use assets
Intangible assets
Intangible assets under development
Goodwill on Consolidation
investment in associate, joint ventures
Financial assets
(i)other financial assets
defered tax assets
non current tax assets
Other non-current assets
Total non-current assets
Current assets
Inventories
Financial assets
i) Trade receivables
ii) Cash and cash equivalents
(iii) Bank balances other than those included in
cash and cash equivalents
(iv) investment
v) Other financial assets
Other current assets
Total current assets
Assets held for sale
Total assets
5989.9 6831.69
68.28 142.220
-68.22
-3.26
-13.392
-16.171
-2.58
-1.420
124.47
-383.52
27.57
23.95
25.45
-187.94
-359.94
11.233
-68.387
#DIV/0!
38.088
65.190
-7.428
-10.503
841.79
14.053
2050.65 2052.71
111.94 335.26
174.93 183.16
289.47 284.78
22.36
11.26
281.72 284.03
528.61 594.62
2.06
0.100
223.32 199.500
8.23
4.705
-4.69
-1.620
-11.1 -49.642
2.31
0.820
66.01 12.487
30.96
25.96
12.47
33.82
26.17
31.47
39.27
38.69
3568.55 3875.76
-5 -16.150
21.35 171.211
5.3 20.252
-0.58
-1.477
307.21
8.609
750.56 1046.43
295.87
39.420
1198.82 1376.65
205.61 202.27
177.83
-3.34
14.834
-1.624
32.57
31.93
1.56
12.09
30.22
46.17
202.01 240.39
2421.35 2955.93
-0.64
-1.965
10.53 675.000
15.95 52.780
38.38 18.999
534.58 22.078
5989.9 6831.69
841.79
14.053
SCREENSHOT OF YEAR 2021
SCREENSHOT OF YEAR 2022
00012he Preferred Supplier and Employer, to create value for all Stakeholders