Independent Research Analyst

Mamta Verma

DC India Research

DC India Research LLP (DCIR) is based out of Mumbai, India.

We specialize in providing customized, independent research across listed and unlisted companies in India across equities and credit including sectoral research. Our customers include India focussed PE funds, special situation funds, domestic AMCs, Wealth Advisory& PMS firms, Rating Agencies & Investment Advisors. 

The DCIR board consists of prominent names from the industry as well as CIO’s of Hedge funds.

Equity Bottom-Up

Q2-FY18 PERFORMANCE HIGHLIGHTS <ol><li>
TOPLINE </li></ol><ul>
<li>Consolidated revenue came in at Rs. 10.9bn, up 23% YoY and 16% QoQ largely driven by improvement in performance of Minda Kosei, MJ castings and Rinder India. Switching, Lighting and Acoustics contributed 31.5%, 27% and 15% to the consolidated revenue with balance being accounted by new businesses like alloy wheels, die casting and blow moulding.</li>
<li>Standalone revenue came in at Rs. 4.8bn, up 9% YoY and 13% QoQ.</li>
<li>Subsidiary/JV level revenue up 35% YoY to RS…</li>
</ul>

Q2-FY18 PERFORMANCE HIGHLIGHTS 
TOPLINE 
Consolidated revenue came in at Rs. 10.9bn, up 23% YoY and 16% QoQ largely driven by improvement in performance of Minda Kosei, MJ castings and Rinder India. Switching, Lighting and Acoustics contributed 31.5%, 27% and 15% to the consolidated revenue with balance being accounted by new businesses like alloy wheels, die casting and blow moulding.
Standalone revenue came in at Rs. 4.8bn, up 9% YoY and 13% QoQ.
Subsidiary/JV level revenue up 35% YoY to RS…


Minda Ind Q2FY18: High Conviction Reco - Sharp Margin Exp Led by Mix & Efficiencies, Robust Outlook

<ol><li>
Background – Minda Industries, flagship company of the Nirmal Kumar (NK) Minda Group, has over 6 decades of presence in the automotive industry. Started by Late Shri SL Minda in the 50’s, the group has evolved considerably and counts amongst the leading Tier-I auto ancillaries, serving over 50 OEMs in India &amp; overseas with deep after-market presence across 4W, 2/3W &amp; off-road segments across – switches, lighting, acoustics, alloy wheels, blow moulding &amp; die casting components. It has current M…</li></ol>


Background – Minda Industries, flagship company of the Nirmal Kumar (NK) Minda Group, has over 6 decades of presence in the automotive industry. Started by Late Shri SL Minda in the 50’s, the group has evolved considerably and counts amongst the leading Tier-I auto ancillaries, serving over 50 OEMs in India &amp; overseas with deep after-market presence across 4W, 2/3W &amp; off-road segments across – switches, lighting, acoustics, alloy wheels, blow moulding &amp; die casting components. It has current M…

Minda Industries - Ongoing Metamorphosis to Aid Significant Shareholder Wealth Creation

India

UNO Minda Limited designs, develops, and manufactures sales diverse auto components. The Company offers alternate fuel and air filtration systems, canisters, brake and fuel hoses, noise suppressor caps, alloy wheels, seat belts, air brakes, air ducts and washer bottle, and body sealing products. UNO Minda serves customers worldwide.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

UNO Minda (UNOMINDA IN)

Minda Ind Q2FY18: High Conviction Reco - Sharp Margin Exp Led by Mix & Efficiencies, Robust Outlook

Q2-FY18 PERFORMANCE HIGHLIGHTS TOPLINE Consolidated revenue came in at Rs. 10.9bn, up 23% YoY and 16% QoQ largely driven by improvement in...

DC India Research

Minda Industries - Ongoing Metamorphosis to Aid Significant Shareholder Wealth Creation

Background – Minda Industries, flagship company of the Nirmal Kumar (NK) Minda Group, has over 6 decades of presence in the automotive industry....

DC India Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)