Minda Industries Ltd (MIL) is a diversified auto ancillary supplier, manufacturing products such as switches, horns & lights. MIL holds a leadership position in switch business with a market share of 67%. Q3FY20 revenue de-grew by -10%YoY on account -12%YoY volume decline in automobile sector. However due to diversified product mix the company was able to arrest further decline. EBITDA margin came in-line at 12.3%YoY owing to cost control initiatives and favorable product mix...