Minda Finance (Delisted) share price

BSE: 539303

Minda Finance Limited · Face value ₹10 · Listed Sep 2015

Last traded ₹16.35 on 19 Feb 2018

Delisted on 20 Jan 2021.

Last announcements

The company's own last announcements before its shares stopped trading, routine notices left out.

Share price history

Daily closes since Oct 2015, adjusted for splits and bonuses

Daily close, ₹ per share

Results for the quarter to Sep 2020

Consolidated: the company and its subsidiaries together. ₹ crore.

Revenue
₹1.58 Cr+121.7% on a year ago · +228.5% on the quarter before
Operating profit
₹1.51 Cr+154.9% on a year ago · +293.5% on the quarter before
Net profit
₹1.47 Cr
Earnings per share
₹7.35
Operating margin
95.5%
Net margin
92.9%

From revenue to net profit, ₹ crore

  1. Revenue1.6
  2. Employee costs−0.1
  3. Other expenses0.0
  4. Operating profit1.5
  5. Depreciation0.0
  6. Other income0.0
  7. Finance costs−0.3
  8. Profit before tax1.2
  9. Tax−0.1
  10. Joint ventures+0.4
  11. Net profit1.5

Minda Finance results by quarter

Consolidated: the company and its subsidiaries together. Latest quarter to Sep 2020. Results for the quarter to Dec 2020 were due by 14 Feb 2021, 45 days after it ends. Every company's dates are on the results calendar.

Revenue and net profit by quarter, ₹ crore

  • Revenue
  • Net profit
  • Loss
0.4−0.8Jun 190.7−0.9Sep 190.5−1.1Dec 190.6−3.4Mar 200.5−0.4Jun 201.61.5Sep 20
Peak revenue ₹1.58 Cr, quarter to Sep 2020; lowest ₹0.44 Cr, quarter to Jun 2019Back to profit in the quarter to Sep 2020, ₹1.47 Cr

Operating and net margin by quarter, per cent

  • Operating margin
  • Net margin
95.5%−610.9%76.1%83.0%73.9%78.2%79.7%95.5%−186.2%−124.7%−239.0%−610.9%−86.2%92.9%Jun 19Sep 19Dec 19Mar 20Jun 20Sep 20
₹ croreJun 2019Q1Sep 2019Dec 2019Q3Mar 2020Jun 2020worked outSep 2020
Revenue from operations0.440.710.470.560.481.58
0.110.120.120.120.100.07
Materials and goods bought0.000.000.000.000.000.00
Employee costs0.060.060.060.060.050.05
Other expenses0.050.060.060.060.050.02
Operating profit before depreciation0.340.590.350.440.381.51
Operating margin76.1%83.0%73.9%78.2%79.7%95.5%
Depreciation and amortisation0.000.000.000.000.000.00
Other income0.000.04−0.032.330.000.00
Finance costs0.350.740.460.420.450.30
One-off items0.000.000.000.000.000.00
Profit before tax−0.01−0.11−0.142.36−0.061.21
Tax0.000.000.000.010.030.12
Tax rate–––0.4%–9.9%
Share of profit of joint ventures and associates−0.80−0.78−0.99−5.79−0.330.38
−0.82−0.89−1.13−3.44−0.411.47
Net margin−186.2%−124.7%−239.0%−610.9%−86.2%92.9%
Net margin without joint ventures and associates−3.5%−15.0%−29.1%416.8%−18.7%68.7%
Earnings per share–−₹4.45−₹5.63−₹17.22–₹7.35
Earnings per share in rupees, restated for later splits and bonuses.

The quarter to Jun 2019 was restated in the company's filing of 20 Nov 2019. The table shows the restated figures.

4 years at a glance

Consolidated: the company and its subsidiaries together. ₹ crore, years to March.

Revenue, net profit and borrowings, ₹ crore

  • Revenue
  • Net profit
  • Borrowings
  • Loss
2.50.9Mar 173.42.4Mar 182.1−1.927Mar 192.2−1.125Mar 20
Peak revenue ₹3.37 Cr, year to Mar 2018; lowest ₹2.07 Cr, year to Mar 2019A loss in 2 of the 4 years shown

Operating and net margin, per cent

  • Operating margin
  • Net margin
83.0%−91.6%83.0%60.6%78.4%35.1%70.3%−91.6%−51.3%Mar 17Mar 18Mar 19Mar 20

Results for the year to Mar 2020

Consolidated: the company and its subsidiaries together. ₹ crore.

From revenue to net profit

  1. Revenue2.2
  2. Employee costs−0.2
  3. Other expenses−0.2
  4. Operating profit1.7
  5. Depreciation0.0
  6. Other income+2.4
  7. One-off items0.0
  8. Finance costs−2.0
  9. Profit before tax2.1
  10. Tax0.0
  11. Joint ventures−3.2
  12. Net profit−1.1

What the company owns

  • Plant, investments and other assets₹85 Cr
  • Cash and bank₹3 Cr

What pays for it: net worth and liabilities

  • Net worth₹42 Cr
  • Borrowings₹25 Cr
  • Other liabilities₹22 Cr

Profit and loss

Consolidated, ₹ crore, years to March.

₹ croreMar 2017Mar 2018Mar 2019Mar 2020
Revenue from operations2.483.372.072.19
0.421.33–0.47
Materials and goods bought––0.000.00
Employee costs0.190.20–0.24
Other expenses0.231.12–0.23
Operating profit before depreciation2.062.04–1.72
Operating margin83.0%60.6%–78.4%
Materials, % of revenue–––0.0%
Employee costs, % of revenue7.6%6.0%–10.9%
Other expenses, % of revenue9.4%33.4%–10.6%
Depreciation and amortisation0.000.00–0.00
Operating profit after depreciation2.062.04–1.71
Other income0.271.141.162.35
Finance costs0.351.091.341.96
One-off items0.000.00–0.00
Profit before tax1.992.09−0.912.10
0.680.48–0.01
Share of profit of joint ventures and associates−0.440.75−0.76−3.21
0.872.37−1.89−1.12
Net margin35.1%70.3%−91.6%−51.3%
Net margin without joint ventures and associates52.7%48.0%−54.8%95.5%
Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the years to Mar 2017 and Mar 2018 they do not, so they are left blank. Tax is left blank for the year to Mar 2019: profit before tax less the tax charge stated does not come to the profit after tax the same statement states, so the tax charge is not shown. Operating expenses, operating profit before depreciation and operating profit after depreciation are left blank for the year to Mar 2019: the statement does not state its depreciation, which operating profit is worked out from, so operating profit is not given.

Balance sheet

Consolidated, ₹ crore, at 31 March. The last column is the half year to Sep 2020, after the latest full year: the balance sheet at its end.

₹ croreMar 2019Mar 2020Sep 2020Half year
744243
734142
Share capital3122
Reserves413940
Belonging to outside owners of subsidiaries111
272516
0––
29––
Total assets1038981
94––
10––
Net debt222212
Borrowings are counted again inside the liabilities due within a year and after a year. Plant in use and plant being built are given for full years only. No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Cash flow

Consolidated, ₹ crore, years to March. The last column is the half year to Sep 2020, after the latest full year: the cash flow over its six months.

₹ croreSep 2020Half year
Cash from operations9.00
Capital spending0.00
Free cash flow9.00
Cash from investing1.08
Cash from financing−8.84
Dividends paid0.00
Shares bought back0.00
Shares issued0.00
Net change in cash1.24
Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only.

Per share

Consolidated, ₹ per share, years to March.

₹ per shareMar 2017Mar 2018Mar 2019Mar 2020
Earnings per share₹4.38₹11.83−₹9.47−₹5.62
Diluted earnings per share₹4.38₹11.83−₹9.47−₹5.62
Book value per share––₹363.96–

Ratios

Consolidated, years to March.

RatioMar 2017Mar 2018Mar 2019Mar 2020
Revenue growth–35.6%−38.6%5.9%
Operating profit growth–−1.0%––
Net profit growth–171.6%––
Earnings per share growth–170.1%––
––−2.6%−1.6%
–––1.0 pts
From the net margin–––1.4 pts
From asset turnover–––−0.2 pts
From borrowing–––−0.3 pts
Return on capital employed–––2.6%
Interest cover5.91.9–0.9
Debt to equity––0.370.60
Receivable days––00
Working capital days––675–
Asset turnover––0.020.02
Assets per rupee of net worth––1.421.69
Sales per rupee of plant––516.831,683.77
Plant being built, % of plant in use–––0.0%
No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Consolidated: the company and its subsidiaries together. Each window ends with the year to Mar 2020.

Return on assets, latest year
−1.0%
Measure5 years3 years
Revenue growth, yearly rate–−4.1%
Return on equity, average–−2.1%
Operating margin, average–69.5%
Net margin, average−9.4%−24.2%
Asset turnover, average–0.02
Interest cover, average–1.4
Debt to equity, average–0.48

Accounting checks

Consolidated, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

CheckMar 2017Mar 2018Mar 2019Mar 2020
Effective tax ratePublished threshold 17.16 per cent34.1422.84–0.48
A threshold marked as ours has no published figure; it is the line we read the check against.

Business segments

In the year to Mar 2020 the company reports one business segment, NBFC, which carries all its revenue.

Minda Finance share price by year

Each calendar year to 2018.

YearClose at year endChangeHighest closeLowest close
201816.35+1.9%16.3516.35
201716.05+1.9%16.0516.05
201515.75–15.7512.50
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2018 is from its first session, 19 Feb 2018. 2017 is from its first session, 20 Jul 2017. 2015 is from its first session, 14 Oct 2015. The change in 2017 is on the close at the end of 2015, the last year before it with a trade. The close is the year's last trade for 2018 (19 Feb 2018), 2017 (20 Jul 2017) and 2015 (27 Oct 2015).

Recent sessions

The 8 trading days to 19 Feb 2018, as traded on BSE.

DateOpenHighLowCloseAverage priceVolume
19 Feb 201816.3516.3516.3516.3516.35300
20 Jul 201716.0516.0516.0516.0516.0525
27 Oct 201515.7515.7515.7515.7515.75100
23 Oct 201515.0015.0015.0015.0015.00100
21 Oct 201514.4514.4514.4514.4514.45100
20 Oct 201513.7713.7713.7713.7713.77100
19 Oct 201513.1213.1213.1213.1213.12100
14 Oct 201512.5012.5012.5012.5012.50100
Prices in ₹ per share as traded, not adjusted.

Company details

BSE code
539303
ISIN
INE197E01018
CIN
L67120DL1985PLC021349
Corporate identity number, the registrar of companies' code for it
Incorporated
1985
Registered office
B-64/1, Wazipur Industrial Area, Delhi 110052, Delhi
Share registrar
Link Intime India Pvt. Ltd
Keeps the register of shareholders and handles transfers and dividend payments