Minda industries Ltd (MIL) is a diversified auto ancillary supplier, manufacturing products such as switches, horns, lights & others, having a leadership position in switch business with a market share of 67%. Q4FY18 consolidated revenue grew by 53%YoY led by consolidation, switching & other divisions. Standalone revenue grew by 26%YoY. EBITDA margin improved by 68bps on account of operating efficiency and higher capacity utilization in other business. Scaling up the product line in Alloy wheels, Infotainment & Reverse...