This Article is From Jul 08, 2022

EV Stock Minda Industries Gains 3% Post Bonus Issue

This Indian EV company is one of the biggest wealth creators of the past decade that turned Rs 1 lakh into Rs 1 crore.

EV Stock Minda Industries Gains 3% Post Bonus Issue

Minda Industries reported decent quarterly numbers and registered growth.

Auto ancillary stock Minda Industries gained 3% today post declaring bonus shares.

Yesterday, the company declared bonus shares in the ratio of 1:1.

While declaring a stellar set of results in May 2022, the company's board had approved the issue of bonus shares.

The record date for the same was 10 June 2022. This means the shareholders who held shares as on the record date would be entitled to receive the bonus shares.

The issue of bonus shares helped increase the liquidity of the stock.

Corporate action events like bonus issues and stock splits often bring material changes to a company through changes in the capital structure.

In case of bonus, they might seem to be good thing, but they actually give investors nothing they didn't already have.

In substance, it's just a way of breaking up the same company into a higher number of shares and distributing these additional shares pro-rata to shareholders.

Note that the auto industry faced serious concerns such as semiconductor shortage, rising input costs, among other reasons.

Despite all this, Minda Industries reported decent quarterly numbers and registered growth.

A word about Minda Industries

Minda Industries, the flagship company of the N.K. Minda Group is one of the most diversified auto component manufacturers in India. 

It's a technology leader in the auto components industry and a leading tier-1 supplier of proprietary automotive solutions to OEMs.

Its market leadership is noteworthy. The company is the largest switch player in India and the second-largest globally in horn segment. It's also the third-largest automotive lighting player in India.

Be it manufacturing plants or R&D centers, Minda Industries has expanded its reach globally. It has around 71 manufacturing plants and 10 R&D centers across the globe.


Apart from rewarding shareholders with bonus shares, the company had also declared a dividend.

For financial year 2021-22, the company declared an interim dividend of Rs 0.5 per share while most recently it declared a final dividend of Rs 1 per share.

The record date for the final dividend is 8 July 2022.

Minda Industries is a consistent dividend paying stock. Have a look at the table below which shows the company's dividend history:


How Minda Industries has performed recently

Minda Industries share price opened the day up by 2.3% at Rs 507.9 against its previous close of Rs 496.

The company has a 52-week high quote of Rs 630 touched on 29 December 2021 while it has a 52-week low quote of Rs 315 touched on 9 July last year.

Over the past one year, shares of the company have gained 60%.

In 2022, Minda Industries share price is down 17%.


Here's an interesting thing about Minda Industries…

It is one of the biggest wealth creators in the past decade. Minda Industries is one of the stocks that turned Rs 1 lakh into Rs 1 crore in 10 years.


While the company tasted success between 2014 to 2018 when its stock price skyrocketed, the real gains came post April 2020 when the markets factored in the EV adoption factor.

Minda Industries is one of the top electric vehicle stocks in India which has JVs formed for its EV products.

Disclaimer: This article is for information purposes only. It is not a stock recommendation and should not be treated as such. 

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