Minda Finance (Delisted) share price
BSE: 539303
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.
Nov 2020
10 Nov · Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015
3 Nov · Board meeting
Meeting on 10 Nov 2020: quarterly results
Oct 2020
21 Oct · Certificate Under Regulation 40(9) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 For The Half Year Ended On 30 September 2020
Results for the quarter to Sep 2020
Consolidated: the company and its subsidiaries together. ₹ crore.
- RevenueRevenue from operations. Money earned from selling the company's goods and services in the period. Revenue from operations in the glossary
- ₹1.58 Cr+121.7% on a year ago · +228.5% on the quarter beforeChange on a year ago and on the quarter before. The change against the same quarter a year before: (this quarter's figure less that quarter's) divided by that quarter's, times 100. The change on the quarter before is the same sum against the quarter just before, taken as this quarter's results restate it where the company restated it: this quarter's year to date less this quarter. Left out where either figure is a loss, where the restatement covers two or more earlier quarters without saying which, or across a change of basis named under the table, on the lines it affects.
- Operating profitOperating profit before depreciation (EBITDA). Revenue less operating expenses: what the business earns from its operations before depreciation, interest and tax. Operating profit before depreciation (EBITDA) in the glossary
- ₹1.51 Cr+154.9% on a year ago · +293.5% on the quarter before
- Net profitNet profit. What is left of revenue and other income after every cost, interest and tax. Net profit in the glossary
- ₹1.47 Cr
- Earnings per shareEarnings per share. Profit belonging to shareholders divided by the number of shares, restated for later splits and bonuses so they do not break the line. Earnings per share in the glossary
- ₹7.35
- Operating margin
- 95.5%
- Net margin
- 92.9%
From revenue to net profit, ₹ crore
- Revenue1.6
- Employee costs−0.1
- Other expenses0.0
- Operating profit1.5
- Depreciation0.0
- Other income0.0
- Finance costs−0.3
- Profit before tax1.2
- Tax−0.1
- Joint ventures+0.4
- 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
Operating and net margin by quarter, per cent
- Operating margin
- Net margin
| ₹ crore | Jun 2019Q1 | Sep 2019 | Dec 2019Q3 | Mar 2020 | Jun 2020worked out | Sep 2020 |
|---|---|---|---|---|---|---|
| Revenue from operations | 0.44 | 0.71 | 0.47 | 0.56 | 0.48what Revenue from operations, Jun 2020, includes. Not filed on its own: worked out as the six months to Sep 2020 the company filed, less the three months to Sep 2020. | 1.58 |
| Operating expenses. What the business spent to run itself in the period, materials, staff and other costs, before depreciation, interest and tax. Operating expenses in the glossary | 0.11 | 0.12 | 0.12 | 0.12 | 0.10 | 0.07 |
| Materials and goods boughtCost of materials and goods. Raw materials used and goods bought for resale in the period, adjusted for the change in stock held. Cost of materials and goods in the glossary | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Employee costsEmployee costs. Salaries, wages, bonuses and other benefits paid to staff in the period. Employee costs in the glossary | 0.06 | 0.06 | 0.06 | 0.06 | 0.05 | 0.05 |
| Other expensesOther expenses. Every operating cost besides materials and staff: power, rent, freight, repairs, marketing and the like. Other expenses in the glossary | 0.05 | 0.06 | 0.06 | 0.06 | 0.05 | 0.02 |
| Operating profit before depreciation | 0.34 | 0.59 | 0.35 | 0.44 | 0.38 | 1.51 |
| Operating margin | 76.1% | 83.0% | 73.9% | 78.2% | 79.7% | 95.5% |
| Depreciation and amortisationDepreciation and amortisation. The part of the cost of plant, buildings and other long-lived assets charged against each year they are used. Depreciation and amortisation in the glossary | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other incomeOther income. Income from outside the main business, such as interest on deposits, dividends received and gains on investments. Other income in the glossary | 0.00 | 0.04 | −0.03 | 2.33 | 0.00 | 0.00 |
| Finance costsFinance costs. Interest and the other costs of borrowing in the period. Finance costs in the glossary | 0.35 | 0.74 | 0.46 | 0.42 | 0.45 | 0.30 |
| One-off itemsExceptional items. Gains or losses the company reports separately because they are not expected to recur, such as selling a business or writing down an asset. Exceptional items in the glossary | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | −0.01 | −0.11 | −0.14 | 2.36 | −0.06 | 1.21 |
| Tax | 0.00 | 0.00 | 0.00 | 0.01 | 0.03 | 0.12 |
| Tax rateEffective tax rate. Tax charged as a percentage of profit before tax. Effective tax rate in the glossary | – | – | – | 0.4% | – | 9.9% |
| Share of profit of joint ventures and associatesShare of profit of joint ventures and associates. The group's share of the profit of companies it part-owns and does not consolidate, as stated. It is part of net profit but not of revenue or operating profit: their sales and costs are not in the group's lines. Share of profit of joint ventures and associates in the glossary | −0.80 | −0.78 | −0.99 | −5.79 | −0.33 | 0.38 |
| −0.82 | −0.89 | −1.13 | −3.44 | −0.41 | 1.47 | |
| Net margin | −186.2% | −124.7% | −239.0% | −610.9% | −86.2% | 92.9% |
| Net margin without joint ventures and associatesNet margin without joint ventures and associates. Net profit less the share of profit of joint ventures and associates, as a percentage of revenue: the margin on the businesses whose revenue the statement carries. Shown where the company states such a share. Net margin without joint ventures and associates in the glossary | −3.5% | −15.0% | −29.1% | 416.8% | −18.7% | 68.7% |
| Earnings per share | – | −₹4.45 | −₹5.63 | −₹17.22 | – | ₹7.35 |
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
Operating and net margin, per cent
- Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs. Operating margin in the glossary
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
Results for the year to Mar 2020
Consolidated: the company and its subsidiaries together. ₹ crore.
From revenue to net profit
- Revenue2.2
- Employee costs−0.2
- Other expenses−0.2
- Operating profit1.7
- Depreciation0.0
- Other income+2.4
- One-off items0.0
- Finance costs−2.0
- Profit before tax2.1
- Tax0.0
- Joint ventures−3.2
- 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.
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
|---|---|---|---|---|
| Revenue from operations | 2.48 | 3.37 | 2.07 | 2.19 |
| 0.42 | 1.33 | – | 0.47 | |
| Materials and goods bought | – | – | 0.00 | 0.00 |
| Employee costs | 0.19 | 0.20 | – | 0.24 |
| Other expenses | 0.23 | 1.12 | – | 0.23 |
| Operating profit before depreciation | 2.06 | 2.04 | – | 1.72 |
| Operating margin | 83.0% | 60.6% | – | 78.4% |
| Materials, % of revenueMaterials, % of revenue. Raw materials used and goods bought for resale, adjusted for the change in stock, divided by revenue, times 100. Materials, % of revenue in the glossary | – | – | – | 0.0% |
| Employee costs, % of revenueEmployee costs, % of revenue. Salaries, wages and other staff costs divided by revenue, times 100. Employee costs, % of revenue in the glossary | 7.6% | 6.0% | – | 10.9% |
| Other expenses, % of revenueOther expenses, % of revenue. Operating costs besides materials and staff divided by revenue, times 100; with the two above and the operating margin it makes 100. Other expenses, % of revenue in the glossary | 9.4% | 33.4% | – | 10.6% |
| Depreciation and amortisation | 0.00 | 0.00 | – | 0.00 |
| Operating profit after depreciationOperating profit after depreciation (EBIT). Operating profit before depreciation, less depreciation and amortisation. Operating profit after depreciation (EBIT) in the glossary | 2.06 | 2.04 | – | 1.71 |
| Other income | 0.27 | 1.14 | 1.16 | 2.35 |
| Finance costs | 0.35 | 1.09 | 1.34 | 1.96 |
| One-off items | 0.00 | 0.00 | – | 0.00 |
| Profit before tax | 1.99 | 2.09 | −0.91 | 2.10 |
| 0.68 | 0.48 | – | 0.01 | |
| Share of profit of joint ventures and associates | −0.44 | 0.75 | −0.76 | −3.21 |
| 0.87 | 2.37 | −1.89 | −1.12 | |
| Net margin | 35.1% | 70.3% | −91.6% | −51.3% |
| Net margin without joint ventures and associates | 52.7% | 48.0% | −54.8% | 95.5% |
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.
| ₹ crore | Mar 2019 | Mar 2020 | Sep 2020Half year |
|---|---|---|---|
| Net worth. What the company owns less everything it owes: the money shareholders have in the business, paid in and kept from profits. Net worth in the glossary | 74 | 42 | 43 |
| Net worth belonging to the company's shareholders. Net worth less the part that belongs to outside owners of subsidiaries. Net worth belonging to the company's shareholders in the glossary | 73 | 41 | 42 |
| Share capitalShare capital. The face value of all the shares the company has issued. Share capital in the glossary | 31 | 2 | 2 |
| ReservesReserves. The rest of the shareholders' net worth: profits kept in the business over the years, and money paid for shares above their face value. Reserves in the glossary | 41 | 39 | 40 |
| Belonging to outside owners of subsidiariesNet worth belonging to outside owners of subsidiaries. The part of net worth that belongs to the other shareholders of subsidiaries the company does not fully own. Net worth belonging to outside owners of subsidiaries in the glossary | 1 | 1 | 1 |
| Borrowings. Loans, bonds and other money the company has borrowed and must repay with interest. Borrowings in the glossary | 27 | 25 | 16 |
| Liabilities due within a year. Everything the company must pay within twelve months: borrowings falling due, suppliers, and other dues and provisions. Liabilities due within a year in the glossary | 0 | – | – |
| Liabilities due after a year. Everything the company owes that falls due more than twelve months on, borrowings among it. Liabilities due after a year in the glossary | 29 | – | – |
| Total assetsTotal assets. Everything the company owns or controls: plant, investments, stock, money owed by customers and cash. Total assets in the glossary | 103 | 89 | 81 |
| Assets held for longer than a year. Everything the company owns that it does not expect to turn into cash within twelve months: plant, intangibles, long-term investments, loans given and the like. Assets held for longer than a year in the glossary | 94 | – | – |
| Assets turning to cash within a year. Everything the company expects to turn into cash or use up within twelve months: stock, money owed by customers, cash and short-term investments. Assets turning to cash within a year in the glossary | 10 | – | – |
| Net debtNet debt. Borrowings less cash, other bank balances and current investments: what the company would still owe if it used its cash to repay. Net debt in the glossary | 22 | 22 | 12 |
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.
| ₹ crore | Sep 2020Half year |
|---|---|
| Cash from operationsCash from operations. Cash the business brought in from its operations in the period, after paying suppliers, staff and tax. Cash from operations in the glossary | 9.00 |
| Capital spendingCapital spending. Cash spent in the period on plant, equipment, buildings and other long-lived assets. Capital spending in the glossary | 0.00 |
| Free cash flowFree cash flow. Cash from operations less capital spending: what is left to repay borrowings, pay dividends or keep. Free cash flow in the glossary | 9.00 |
| Cash from investingCash from investing. Cash spent on, below nought, or received from plant, investments, businesses bought or sold, and interest and dividends received. Cash from investing in the glossary | 1.08 |
| Cash from financingCash from financing. Cash raised from, or paid to, lenders and shareholders: borrowings taken and repaid, interest, lease payments, dividends and shares issued or bought back. Cash from financing in the glossary | −8.84 |
| Dividends paidDividends paid. Cash paid to shareholders as dividends during the period. Dividends paid in the glossary | 0.00 |
| Shares bought backShares bought back. Cash spent buying the company's own shares back from shareholders. Shares bought back in the glossary | 0.00 |
| Shares issuedShares issued. Cash raised by selling new shares. Shares issued in the glossary | 0.00 |
| Net change in cashNet change in cash. Cash from operations, investing and financing added together: how much cash and cash equivalents rose or fell over the year, before currency effects. Net change in cash in the glossary | 1.24 |
Ratios
Consolidated, years to March.
| Ratio | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
|---|---|---|---|---|
| Revenue growthRevenue growth. This year's revenue less last year's, divided by last year's, times 100; blank where last year's is not above nought. Revenue growth in the glossary | – | 35.6% | −38.6% | 5.9% |
| Operating profit growthOperating profit growth. This year's operating profit before depreciation less last year's, divided by last year's, times 100; blank where last year's is not above nought. Operating profit growth in the glossary | – | −1.0% | – | – |
| Net profit growthNet profit growth. This year's net profit less last year's, divided by last year's, times 100; blank where last year's is not above nought. Net profit growth in the glossary | – | 171.6% | – | – |
| Earnings per share growthEarnings per share growth. This year's earnings per share less last year's, on the same share count, divided by last year's, times 100; blank where last year's is not above nought. Earnings per share growth in the glossary | – | 170.1% | – | – |
| Return on equity. Profit belonging to shareholders as a percentage of their average net worth over the year. | – | – | −2.6%what Return on equity, Mar 2019, includes. This year's return on equity, asset turnover and assets per rupee of net worth are on its year-end balance sheet: none a year before is on record to average with. | −1.6% |
| Change in return on equity. This year's return on equity less last year's, in percentage points, split below into what came from the margin, turnover and borrowing, which add up to it. Change in return on equity in the glossary | – | – | – | 1.0 pts |
| From the net marginChange from the net margin. The part of the change in return on equity that came from profit per rupee of sales. Change from the net margin in the glossary | – | – | – | 1.4 pts |
| From asset turnoverChange from asset turnover. The part of the change in return on equity that came from sales per rupee of assets. Change from asset turnover in the glossary | – | – | – | −0.2 pts |
| From borrowingChange from borrowing. The part of the change in return on equity that came from assets per rupee of net worth. Change from borrowing in the glossary | – | – | – | −0.3 pts |
| Return on capital employedReturn on capital employed. Operating profit after depreciation divided by net worth plus borrowings at the year end, times 100: what the business earns on all the money in it. | – | – | – | 2.6% |
| Interest coverInterest cover. Operating profit after depreciation divided by finance costs: how many times over the profit pays the interest bill. Interest cover in the glossary | 5.9 | 1.9 | – | 0.9 |
| Debt to equityDebt to equity. Borrowings at the year end divided by net worth: rupees borrowed for each rupee shareholders have in the business. | – | – | 0.37 | 0.60 |
| Receivable daysReceivable days. Trade receivables divided by revenue, times 365: the average days customers take to pay. Receivable days in the glossary | – | – | 0 | 0 |
| Working capital daysWorking capital days. Assets turning to cash within a year, less cash, bank deposits and current investments, minus liabilities due within a year, less borrowings, divided by the year's revenue, times 365. Working capital days in the glossary | – | – | 675 | – |
| Asset turnoverAsset turnover. Revenue divided by average total assets: rupees of sales for each rupee of assets. Asset turnover in the glossary | – | – | 0.02 | 0.02 |
| Assets per rupee of net worthAssets per rupee of net worth. Average total assets divided by average net worth: how far borrowings and other liabilities stretch the shareholders' money. Assets per rupee of net worth in the glossary | – | – | 1.42 | 1.69 |
| Sales per rupee of plantSales per rupee of plant. Revenue divided by the net block: rupees of sales for each rupee of plant in use. Sales per rupee of plant in the glossary | – | – | 516.83 | 1,683.77 |
| Plant being built, % of plant in useCapital work in progress, % of net block. Plant still being built as a percentage of the plant in use. Capital work in progress, % of net block in the glossary | – | – | – | 0.0% |
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 yearReturn on assets, latest year. Profit to the company's own shareholders in the latest year ÷ the average of that year's opening and closing total assets × 100; empty for a bank, a lender or an insurer, whose own return on assets is shown with its accounts.
- −1.0%
| Measure | 5 years | 3 years |
|---|---|---|
| Revenue growth, yearly rateRevenue growth, yearly rate. 3 years: Revenue in the latest year ÷ revenue in the year three years before, to the power of one third, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. 5 years: Revenue in the latest year ÷ revenue in the year five years before, to the power of one fifth, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. 10 years: Revenue in the latest year ÷ revenue in the year ten years before, to the power of one tenth, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. | – | −4.1% |
| Return on equity, averageReturn on equity, average. 3 years: The plain average of the yearly return on equity over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly return on equity over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly return on equity over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | – | −2.1% |
| Operating margin, averageOperating margin, average. 3 years: The plain average of the yearly operating profit margin over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly operating profit margin over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly operating profit margin over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | – | 69.5% |
| Net margin, averageNet margin, average. 3 years: The plain average of the yearly net profit margin over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly net profit margin over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly net profit margin over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | −9.4% | −24.2% |
| Asset turnover, averageAsset turnover, average. 3 years: The plain average of the yearly asset turnover over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly asset turnover over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly asset turnover over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | – | 0.02 |
| Interest cover, averageInterest cover, average. 3 years: The plain average of the yearly interest cover over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly interest cover over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly interest cover over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | – | 1.4 |
| Debt to equity, averageDebt to equity, average. 3 years: The plain average of the yearly debt to equity over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly debt to equity over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly debt to equity over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | – | 0.48 |
Accounting checks
Consolidated, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.
| Check | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
|---|---|---|---|---|
| Effective tax ratePublished threshold 17.16 per cent | 34.14 | 22.84 | – | 0.48 |
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.
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2018 | 16.35 | +1.9% | 16.35 | 16.35 |
| 2017 | 16.05 | +1.9% | 16.05 | 16.05 |
| 2015 | 15.75 | – | 15.75 | 12.50 |
Recent sessions
The 8 trading days to 19 Feb 2018, as traded on BSE.
| Date | Open | High | Low | Close | Average price | Volume |
|---|---|---|---|---|---|---|
| 19 Feb 2018 | 16.35 | 16.35 | 16.35 | 16.35 | 16.35 | 300 |
| 20 Jul 2017 | 16.05 | 16.05 | 16.05 | 16.05 | 16.05 | 25 |
| 27 Oct 2015 | 15.75 | 15.75 | 15.75 | 15.75 | 15.75 | 100 |
| 23 Oct 2015 | 15.00 | 15.00 | 15.00 | 15.00 | 15.00 | 100 |
| 21 Oct 2015 | 14.45 | 14.45 | 14.45 | 14.45 | 14.45 | 100 |
| 20 Oct 2015 | 13.77 | 13.77 | 13.77 | 13.77 | 13.77 | 100 |
| 19 Oct 2015 | 13.12 | 13.12 | 13.12 | 13.12 | 13.12 | 100 |
| 14 Oct 2015 | 12.50 | 12.50 | 12.50 | 12.50 | 12.50 | 100 |
Company details
- BSE code
- 539303
- ISIN
- INE197E01018
- Website
- www.mindafinance.co.in
- 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