View ValuationMinda 将来の成長Future 基準チェック /56Minda利益と収益がそれぞれ年間27%と50.5%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に16% 13.2%なると予測されています。主要情報27.0%収益成長率13.24%EPS成長率Auto Components 収益成長18.8%収益成長率50.5%将来の株主資本利益率16.04%アナリストカバレッジGood最終更新日21 Apr 2026今後の成長に関する最新情報Price Target Changed • Nov 08Price target increased by 8.9% to ₹635Up from ₹583, the current price target is an average from 5 analysts. New target price is 9.6% above last closing price of ₹580. Stock is up 14% over the past year. The company is forecast to post earnings per share of ₹12.23 for next year compared to ₹10.85 last year.Price Target Changed • May 30Price target decreased by 7.8% to ₹589Down from ₹639, the current price target is an average from 4 analysts. New target price is 13% above last closing price of ₹522. Stock is up 23% over the past year. The company is forecast to post earnings per share of ₹13.65 for next year compared to ₹10.85 last year.Price Target Changed • Feb 10Price target increased by 9.9% to ₹631Up from ₹575, the current price target is an average from 3 analysts. New target price is 13% above last closing price of ₹557. Stock is up 40% over the past year. The company is forecast to post earnings per share of ₹12.60 for next year compared to ₹9.66 last year.Price Target Changed • Aug 17Price target increased by 11% to ₹527Up from ₹476, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of ₹518. Stock is up 64% over the past year. The company is forecast to post earnings per share of ₹13.47 for next year compared to ₹9.66 last year.Price Target Changed • Aug 09Price target increased by 7.2% to ₹500Up from ₹466, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of ₹510. Stock is up 70% over the past year. The company is forecast to post earnings per share of ₹13.60 for next year compared to ₹9.66 last year.Price Target Changed • Feb 08Price target increased by 10% to ₹437Up from ₹396, the current price target is an average from 5 analysts. New target price is 7.3% above last closing price of ₹407. Stock is up 101% over the past year. The company is forecast to post earnings per share of ₹9.50 for next year compared to ₹12.10 last year.すべての更新を表示Recent updatesお知らせ • 2hMinda Corporation Limited, Annual General Meeting, Aug 21, 2026Minda Corporation Limited, Annual General Meeting, Aug 21, 2026.Declared Dividend • Feb 07Dividend of ₹0.60 announcedShareholders will receive a dividend of ₹0.60. Ex-date: 13th February 2026 Payment date: 6th March 2026 Dividend yield will be 0.3%, which is lower than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (8% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 22% over the next 2 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 06Third quarter 2026 earnings released: EPS: ₹3.64 (vs ₹2.75 in 3Q 2025)Third quarter 2026 results: EPS: ₹3.64 (up from ₹2.75 in 3Q 2025). Revenue: ₹15.6b (up 25% from 3Q 2025). Net income: ₹857.0m (up 32% from 3Q 2025). Profit margin: 5.5% (up from 5.2% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Nov 08Price target increased by 8.9% to ₹635Up from ₹583, the current price target is an average from 5 analysts. New target price is 9.6% above last closing price of ₹580. Stock is up 14% over the past year. The company is forecast to post earnings per share of ₹12.23 for next year compared to ₹10.85 last year.Reported Earnings • Nov 07Second quarter 2026 earnings released: EPS: ₹3.60 (vs ₹3.16 in 2Q 2025)Second quarter 2026 results: EPS: ₹3.60 (up from ₹3.16 in 2Q 2025). Revenue: ₹15.4b (up 19% from 2Q 2025). Net income: ₹846.4m (up 14% from 2Q 2025). Profit margin: 5.5% (down from 5.8% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 42% per year, which means it is well ahead of earnings.Upcoming Dividend • Aug 07Upcoming dividend of ₹0.90 per shareEligible shareholders must have bought the stock before 14 August 2025. Payment date: 20 September 2025. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (0.7%).Reported Earnings • Aug 03Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: ₹10.85 (up from ₹9.66 in FY 2024). Revenue: ₹50.6b (up 8.7% from FY 2024). Net income: ₹2.55b (up 12% from FY 2024). Profit margin: 5.1% (up from 4.9% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 9.0% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Aug 01+ 3 more updatesMinda Corporation Limited to Report Q3, 2026 Results on Feb 25, 2026Minda Corporation Limited announced that they will report Q3, 2026 results on Feb 25, 2026お知らせ • Jun 03Minda Corporation Limited announced that it has received INR 1.051875 billion in funding from Minda Capital Private LimitedOn June 2, 2025, Minda Corporation Limited closed the transaction. The transaction has been approved by the board of directors.Price Target Changed • May 30Price target decreased by 7.8% to ₹589Down from ₹639, the current price target is an average from 4 analysts. New target price is 13% above last closing price of ₹522. Stock is up 23% over the past year. The company is forecast to post earnings per share of ₹13.65 for next year compared to ₹10.85 last year.Declared Dividend • May 29Final dividend of ₹0.90 announcedDividend of ₹0.90 is the same as last year. Ex-date: 14th August 2025 Payment date: 21st September 2025 Dividend yield will be 0.3%, which is lower than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (13% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 65% over the next 2 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • May 28Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: ₹10.85 (up from ₹9.66 in FY 2024). Revenue: ₹50.9b (up 9.4% from FY 2024). Net income: ₹2.55b (up 12% from FY 2024). Profit margin: 5.0% (up from 4.9% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 8.8% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • May 27Minda Corporation Limited, Annual General Meeting, Aug 22, 2025Minda Corporation Limited, Annual General Meeting, Aug 22, 2025.New Risk • Apr 25New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.3% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Significant insider selling over the past 3 months (₹22m sold).Recent Insider Transactions • Feb 15Group CFO & Group Chief Risk Officer recently sold ₹2.7m worth of stockOn the 12th of February, Vinod Raheja sold around 5k shares on-market at roughly ₹536 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹39m. Vinod has been a net seller over the last 12 months, reducing personal holdings by ₹7.3m.Price Target Changed • Feb 10Price target increased by 9.9% to ₹631Up from ₹575, the current price target is an average from 3 analysts. New target price is 13% above last closing price of ₹557. Stock is up 40% over the past year. The company is forecast to post earnings per share of ₹12.60 for next year compared to ₹9.66 last year.Declared Dividend • Feb 08Dividend of ₹0.50 announcedShareholders will receive a dividend of ₹0.50. Ex-date: 12th February 2025 Payment date: 5th March 2025 Dividend yield will be 0.2%, which is lower than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (12% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 53% over the next 2 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 07Third quarter 2025 earnings released: EPS: ₹2.75 (vs ₹2.23 in 3Q 2024)Third quarter 2025 results: EPS: ₹2.75 (up from ₹2.23 in 3Q 2024). Revenue: ₹12.6b (up 8.2% from 3Q 2024). Net income: ₹648.0m (up 24% from 3Q 2024). Profit margin: 5.1% (up from 4.5% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Jan 20Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₹592, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 26x in the Auto Components industry in India. Total returns to shareholders of 217% over the past three years.お知らせ • Jan 15Minda Corporation Limited (NSEI:MINDACORP) agreed to acquire 49% stake in Flash Electronics (India) Pvt. Ltd. for INR 13.7 billion.Minda Corporation Limited (NSEI:MINDACORP) agreed to acquire 49% stake in Flash Electronics (India) Pvt. Ltd. for INR 13.7 billion on January 15, 2025. A cash consideration of INR 13.72 billion will be paid by Minda Corporation Limited. As part of consideration, INR 13.72 billion is paid towards common equity of Flash Electronics (India) Pvt. Ltd. The expected completion of the transaction is January 31, 2025.Recent Insider Transactions • Dec 10Additional Independent Director recently sold ₹39m worth of stockOn the 6th of December, Laxman Ramnarayan sold around 77k shares on-market at roughly ₹505 per share. This transaction amounted to 55% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹69m more than they bought in the last 12 months.Reported Earnings • Nov 14Second quarter 2025 earnings released: EPS: ₹3.16 (vs ₹2.50 in 2Q 2024)Second quarter 2025 results: EPS: ₹3.16 (up from ₹2.50 in 2Q 2024). Revenue: ₹13.0b (up 8.8% from 2Q 2024). Net income: ₹743.4m (up 27% from 2Q 2024). Profit margin: 5.7% (up from 4.9% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Sep 26Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ₹618, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 30x in the Auto Components industry in India. Total returns to shareholders of 392% over the past three years.Valuation Update With 7 Day Price Move • Aug 23Investor sentiment improves as stock rises 22%After last week's 22% share price gain to ₹633, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 30x in the Auto Components industry in India. Total returns to shareholders of 437% over the past three years.Price Target Changed • Aug 17Price target increased by 11% to ₹527Up from ₹476, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of ₹518. Stock is up 64% over the past year. The company is forecast to post earnings per share of ₹13.47 for next year compared to ₹9.66 last year.お知らせ • Aug 16Minda Corporation Limited Appoints Laxman Ramnarayan as an Independent DirectorMinda Corporation Limited at its AGM held on August 14, 2024 appointed Mr. Laxman Ramnarayan as an Independent Director.Price Target Changed • Aug 09Price target increased by 7.2% to ₹500Up from ₹466, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of ₹510. Stock is up 70% over the past year. The company is forecast to post earnings per share of ₹13.60 for next year compared to ₹9.66 last year.Upcoming Dividend • Jul 31Upcoming dividend of ₹0.90 per shareEligible shareholders must have bought the stock before 07 August 2024. Payment date: 12 September 2024. Payout ratio is a comfortable 14% and the cash payout ratio is 88%. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.1%). Lower than average of industry peers (0.5%).Reported Earnings • Jul 26Full year 2024 earnings: Revenues and EPS in line with analyst expectationsFull year 2024 results: EPS: ₹9.66 (down from ₹12.10 in FY 2023). Revenue: ₹46.5b (up 8.2% from FY 2023). Net income: ₹2.27b (down 20% from FY 2023). Profit margin: 4.9% (down from 6.6% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Jul 23+ 3 more updatesMinda Corporation Limited to Report Q2, 2025 Results on Nov 12, 2024Minda Corporation Limited announced that they will report Q2, 2025 results at 4:00 PM, Indian Standard Time on Nov 12, 2024Recent Insider Transactions • Jun 21COO & CEO of Die-Casting Division recently sold ₹5.7m worth of stockOn the 18th of June, Ashim Vohra sold around 12k shares on-market at roughly ₹475 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Ashim's only on-market trade for the last 12 months.お知らせ • May 24Minda Corporation Limited, Annual General Meeting, Aug 14, 2024Minda Corporation Limited, Annual General Meeting, Aug 14, 2024.Reported Earnings • May 23Full year 2024 earnings: Revenues and EPS in line with analyst expectationsFull year 2024 results: EPS: ₹9.65 (down from ₹12.10 in FY 2023). Revenue: ₹46.7b (up 8.5% from FY 2023). Net income: ₹2.27b (down 20% from FY 2023). Profit margin: 4.9% (down from 6.6% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 9.9% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • May 16Minda Corporation Limited to Report Q4, 2024 Results on May 22, 2024Minda Corporation Limited announced that they will report Q4, 2024 results on May 22, 2024Recent Insider Transactions • Mar 16Group CFO & Group Chief Risk Officer recently sold ₹2.8m worth of stockOn the 12th of March, Vinod Raheja sold around 7k shares on-market at roughly ₹405 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹3.8m. Vinod has been a net seller over the last 12 months, reducing personal holdings by ₹14m.Recent Insider Transactions • Feb 23Group CFO & Group Chief Risk Officer recently sold ₹867k worth of stockOn the 19th of February, Vinod Raheja sold around 2k shares on-market at roughly ₹433 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹5.7m. Vinod has been a net seller over the last 12 months, reducing personal holdings by ₹11m.お知らせ • Feb 09Minda Corporation Limited Declares Interim DividendThe Board of Directors of Minda Corporation Limited have declared interim dividend of 25% that is 50 paisa per equity share.Price Target Changed • Feb 08Price target increased by 10% to ₹437Up from ₹396, the current price target is an average from 5 analysts. New target price is 7.3% above last closing price of ₹407. Stock is up 101% over the past year. The company is forecast to post earnings per share of ₹9.50 for next year compared to ₹12.10 last year.お知らせ • Feb 07Minda Corporation Limited Appoints Deepak Arora as CEO BV-II (Wiring Harness Division)Minda Corporation Limited announced that Mr. Deepak Arora has been designated to CEO BV-II (Wiring Harness Division) of the company with effect from February 07, 2024. Mr. Deepak Arora is MBA in Operations from IMT. He has been associated with the Group since 2008 and has held various leadership roles during his tenure. Prior to his last assignment, he was in charge of the Programme Management (PMG) function for Wiring Harness Division. In his current role, Mr. Arora would be overseeing overall WHD vertical focusing on the growth of the business.Upcoming Dividend • Feb 07Upcoming dividend of ₹0.50 per share at 0.4% yieldEligible shareholders must have bought the stock before 14 February 2024. Payment date: 01 March 2024. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.1%). Lower than average of industry peers (0.6%).Declared Dividend • Feb 03Dividend increased to ₹0.50Dividend of ₹0.50 is 25% higher than last year. Ex-date: 14th February 2024 Payment date: 1st March 2024 Dividend yield will be 0.3%, which is lower than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (11% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 42% over the next 2 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 02Third quarter 2024 earnings released: EPS: ₹2.23 (vs ₹2.22 in 3Q 2023)Third quarter 2024 results: EPS: ₹2.23 (up from ₹2.22 in 3Q 2023). Revenue: ₹11.7b (up 9.3% from 3Q 2023). Net income: ₹524.9m (flat on 3Q 2023). Profit margin: 4.5% (down from 4.9% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 56% per year whereas the company’s share price has increased by 61% per year.お知らせ • Jan 24Minda Corporation Limited to Report Q3, 2024 Results on Feb 01, 2024Minda Corporation Limited announced that they will report Q3, 2024 results on Feb 01, 2024Price Target Changed • Jan 15Price target increased by 13% to ₹396Up from ₹350, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of ₹396. Stock is up 75% over the past year. The company is forecast to post earnings per share of ₹10.86 for next year compared to ₹12.10 last year.Board Change • Jan 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. Additional Independent Director Gajanan Gandhe was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Recent Insider Transactions • Dec 19Group CFO & Group Chief Risk Officer recently sold ₹5.7m worth of stockOn the 14th of December, Vinod Raheja sold around 15k shares on-market at roughly ₹382 per share. This transaction amounted to 38% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Vinod's only on-market trade for the last 12 months.Price Target Changed • Nov 14Price target increased by 8.3% to ₹358Up from ₹330, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of ₹345. Stock is up 64% over the past year. The company is forecast to post earnings per share of ₹11.27 for next year compared to ₹12.10 last year.Price Target Changed • Nov 03Price target increased by 9.1% to ₹338Up from ₹310, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of ₹341. Stock is up 70% over the past year. The company is forecast to post earnings per share of ₹11.27 for next year compared to ₹12.10 last year.Reported Earnings • Nov 03Second quarter 2024 earnings released: EPS: ₹2.50 (vs ₹2.46 in 2Q 2023)Second quarter 2024 results: EPS: ₹2.50 (up from ₹2.46 in 2Q 2023). Revenue: ₹12.0b (up 4.4% from 2Q 2023). Net income: ₹587.7m (up 1.7% from 2Q 2023). Profit margin: 4.9% (down from 5.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 71% per year, which means it is significantly lagging earnings growth.お知らせ • Oct 24Minda Corporation Limited to Report Q2, 2024 Results on Nov 02, 2023Minda Corporation Limited announced that they will report Q2, 2024 results on Nov 02, 2023Recent Insider Transactions • Sep 07Executive Chairman & Group CEO recently bought ₹96m worth of stockOn the 4th of September, Ashok Minda bought around 275k shares on-market at roughly ₹350 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Ashok's only on-market trade for the last 12 months.Recent Insider Transactions • Aug 26Executive Director recently sold ₹1.6m worth of stockOn the 21st of August, Naresh Modi sold around 5k shares on-market at roughly ₹318 per share. This transaction amounted to 3.2% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹5.7m. Insiders have been net sellers, collectively disposing of ₹22m more than they bought in the last 12 months.Reported Earnings • Aug 04First quarter 2024 earnings: EPS and revenues miss analyst expectationsFirst quarter 2024 results: EPS: ₹1.92 (down from ₹2.23 in 1Q 2023). Revenue: ₹10.8b (up 6.6% from 1Q 2023). Net income: ₹452.1m (down 14% from 1Q 2023). Profit margin: 4.2% (down from 5.2% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 6.3%. Earnings per share (EPS) also missed analyst estimates by 19%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 62% per year, which means it is significantly lagging earnings growth.Price Target Changed • Aug 03Price target increased by 7.8% to ₹308Up from ₹286, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of ₹294. Stock is up 28% over the past year. The company is forecast to post earnings per share of ₹12.34 for next year compared to ₹12.10 last year.お知らせ • Jul 15Minda Corporation Limited Approves Appointment of Neeraj Sharma as Group Chief Marketing OfficerMinda Corporation Limited announced that Mr. Neeraj Sharma is appointed as Group Chief Marketing Officer (GCMO) of the Company with effect from July 14, 2023. Mr. Neeraj Sharma is 52 years old and has earned his Masters from Institute of Business Management and Research, Pune University and B.E. in Industrial Engineering from Vishwakarma Institute of Technology, Pune University. Mr. Neeraj is a techno-Commercial Business Leader with 30 years of experience in Global Enterprises. Spearheaded strategic vision, tactical execution and operations management to support performance and propel organizational growth. He has a proven history of managing stakeholders and heading complex Joint-Venture organizations.Upcoming Dividend • Jul 14Upcoming dividend of ₹0.80 per share at 0.4% yieldEligible shareholders must have bought the stock before 21 July 2023. Payment date: 26 August 2023. Payout ratio is a comfortable 9.9% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (0.8%).Reported Earnings • Jul 06Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: ₹12.10 (up from ₹8.16 in FY 2022). Revenue: ₹43.2b (up 45% from FY 2022). Net income: ₹2.85b (up 48% from FY 2022). Profit margin: 6.6% (up from 6.4% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 25%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 9.9% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 58% per year, which means it is significantly lagging earnings growth.Recent Insider Transactions • Jun 10COO & CEO of Die-Casting Division recently sold ₹1.5m worth of stockOn the 5th of June, Ashim Vohra sold around 5k shares on-market at roughly ₹301 per share. This transaction amounted to 6.2% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹5.7m. Ashim has been a net seller over the last 12 months, reducing personal holdings by ₹8.7m.お知らせ • Jun 09Minda Corporation Limited Announces Resignation of Ravi Sud as Non-Executive, Non-Independent DirectorMinda Corporation Limited announced that Mr. Ravi Sud has stepped down as Non-Executive, Non-Independent Director (Nominee Director of PHI CapitalGrowth Fund I) from the Board of the company effective June 8, 2023 due to emerging professional needs and related pre-occupations. Board Committee's Updates: Automatically ceased to be a Chairman of Risk Management Committee and Member of Stakeholders' Relationship Committee effective June 08, 2023.Recent Insider Transactions • May 26COO & CEO of Die-Casting Division recently sold ₹932k worth of stockOn the 22nd of May, Ashim Vohra sold around 3k shares on-market at roughly ₹274 per share. This transaction amounted to 3.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Ashim's only on-market trade for the last 12 months.お知らせ • May 20+ 1 more updateMinda Corporation Limited, Annual General Meeting, Jul 27, 2023Minda Corporation Limited, Annual General Meeting, Jul 27, 2023. Agenda: To consider final dividend for the financial year 2022-2023.Valuation Update With 7 Day Price Move • Apr 04Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₹231, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 22x in the Auto Components industry in India. Total returns to shareholders of 333% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹96.20 per share.お知らせ • Feb 18Pricol Clarifies on Reports Regarding Acquisition of Shares by MindaMedia reports earlier in the day suggested that Minda Corporation (NSEI:MINDACORP) is looking to acquire up to 15.7% stake in precision engineered products manufacturer Pricol Limited (NSEI:PRICOLLTD) through a reverse book building process. The reports further stated that Minda Corp. is looking to invest INR 4,000 million in Pricol to acquire the stake. Pricol Managing Director Vikram Mohan was quoted by the media saying that neither he nor promoters or institutions, which own stakes in Pricol, have any intention to sell. The MD reported said there was no question of selling a stake as the company is doing very well and is on the growth curve. Offering a clarification on the same, Pricol filed a statement with the bourses stating: "Our company has no information in this regard. We don't find any communication from Minda Corporation Limited to the stock exchanges regarding the said news. Minda Corporation Limited is a competitor in one of our major business segments. It further added: "Managing Director of Pricol Limited has issued a clarification a little while earlier reiterating that the promoter group stands fully committed to the company and that they have absolutely no intent in undertaking any secondary sale of promoter's stake.Reported Earnings • Feb 14Third quarter 2023 earnings: EPS and revenues miss analyst expectationsThird quarter 2023 results: EPS: ₹2.22. Revenue: ₹10.7b (up 45% from 3Q 2022). Net income: ₹522.6m (down 25% from 3Q 2022). Profit margin: 4.9% (down from 9.5% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 7.1%. Earnings per share (EPS) also missed analyst estimates by 22%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Auto Components industry in India.お知らせ • Feb 09+ 1 more updateMinda Corporation Limited Approves Interim Dividend for the Year 2022-2023, Payable on or Before March 9, 2023Minda Corporation Limited announced that at its board meeting held on February 8, 2023, approved declaration of interim dividend at 20% that is INR 0.40 per equity share on 239,079,428 equity shares of INR 2 each. the board has fixed February 18, 2023, as the record date for the purpose of ascertaining the eligibility of shareholders for the payment of interim dividend for the year 2022-2023. Dividend shall be paid/dispatched on or before March 9, 2023.Price Target Changed • Jan 24Price target increased by 8.8% to ₹291Up from ₹267, the current price target is an average from 4 analysts. New target price is 32% above last closing price of ₹219. Stock is up 8.8% over the past year. The company is forecast to post earnings per share of ₹9.98 for next year compared to ₹8.16 last year.Reported Earnings • Nov 06Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2023 results: EPS: ₹2.46 (up from ₹1.66 in 2Q 2022). Revenue: ₹11.5b (up 57% from 2Q 2022). Net income: ₹578.1m (up 48% from 2Q 2022). Profit margin: 5.0% (down from 5.3% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) missed analyst estimates by 17%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Oct 11Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 8.8%. The fair value is estimated to be ₹259, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has grown by 22%. Revenue is forecast to grow by 22% in a year. Earnings is forecast to grow by 9.8% in the next year.Buying Opportunity • Sep 09Now 20% undervaluedOver the last 90 days, the stock is up 17%. The fair value is estimated to be ₹286, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has grown by 22%. Revenue is forecast to grow by 22% in a year. Earnings is forecast to grow by 9.8% in the next year.Buying Opportunity • Aug 22Now 20% undervaluedOver the last 90 days, the stock is up 7.7%. The fair value is estimated to be ₹272, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has grown by 22%. Revenue is forecast to grow by 22% in a year. Earnings is forecast to grow by 9.8% in the next year.お知らせ • Jul 15Spark Minda Forays into Consumer Space with the Launch of Protective Head Gear (Helmets)Minda Corporation Limited launched 17 helmet models with 145 variants in the Indian retail market. The launch marks Spark Minda's foray into the B2C space at a time when India is emerging as the larger and faster growing helmet market globally. During the next few years, the company plans to add 200+ distributors and open exclusive Spark Minda branded outlets across the country, making the distribution network more robust. The Protective Head Gear will be available across three customer segments- Economy (Knight series), Mid (Garrison series) and the Premium (Armored series) category. Spark Minda also announced the launch of 1,500 fiber parts (Plastic-molded, painted components for two-wheelers) to meet the growing demand of 2W riders across the country. This number is targeted to increase to 2400 in the next two years, representing the larger range of fiber parts available in the country.Upcoming Dividend • Jul 14Upcoming dividend of ₹0.70 per shareEligible shareholders must have bought the stock before 21 July 2022. Payment date: 25 August 2022. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.8%). Lower than average of industry peers (0.7%).Reported Earnings • Jul 08Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: ₹8.16 (up from ₹4.13 in FY 2021). Revenue: ₹29.8b (up 26% from FY 2021). Net income: ₹1.92b (up 105% from FY 2021). Profit margin: 6.4% (up from 3.9% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 27%. Over the next year, revenue is forecast to grow 31%, compared to a 22% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings.お知らせ • Jul 07+ 4 more updatesMinda Corporation Limited to Report Q3, 2023 Results on Feb 03, 2023Minda Corporation Limited announced that they will report Q3, 2023 results on Feb 03, 2023Valuation Update With 7 Day Price Move • Jun 29Investor sentiment improved over the past weekAfter last week's 18% share price gain to ₹197, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 23x in the Auto Components industry in India. Total returns to shareholders of 86% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹246 per share.Buying Opportunity • Jun 14Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 6.2%. The fair value is estimated to be ₹235, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 2.7%. Revenue is forecast to grow by 52% in 2 years. Earnings is forecast to grow by 55% in the next 2 years.Reported Earnings • May 19Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: ₹8.16 (up from ₹4.13 in FY 2021). Revenue: ₹29.8b (up 26% from FY 2021). Net income: ₹1.92b (up 105% from FY 2021). Profit margin: 6.4% (up from 3.9% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 27%. Over the next year, revenue is forecast to grow 33%, compared to a 20% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.お知らせ • May 18Minda Corporation Limited Recommends Final Dividend for the Year Ended 31 March 2022Minda Corporation Limited at its board meeting held on May 17, 2022 recommended a final dividend of INR 0.70 per equity share aggregating to INR 167.4 million for the year ended 31 March 2022 subject to approval of shareholders in ensuing Annual General Meeting of the company. The total dividend declared for the financial year 2021-22 is INR 1 per equity share. The register of members & share transfer books of the Company shall remain closed from July 25, 2022 to July 28, 2022 (both days inclusive) for the purpose of payment of final dividend (if approved at the ensuing Annual General Meeting for the year 2021-22).お知らせ • May 12Minda Corporation Limited to Report Q4, 2022 Results on May 17, 2022Minda Corporation Limited announced that they will report Q4, 2022 results on May 17, 2022Valuation Update With 7 Day Price Move • May 10Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to ₹207, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 24x in the Auto Components industry in India. Total returns to shareholders of 71% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹113 per share.Price Target Changed • Apr 27Price target increased to ₹226Up from ₹183, the current price target is an average from 6 analysts. New target price is 11% below last closing price of ₹254. Stock is up 148% over the past year. The company is forecast to post earnings per share of ₹6.20 for next year compared to ₹4.13 last year.Valuation Update With 7 Day Price Move • Apr 20Investor sentiment improved over the past weekAfter last week's 18% share price gain to ₹265, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 24x in the Auto Components industry in India. Total returns to shareholders of 103% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹111 per share.Recent Insider Transactions • Feb 27COO & CEO of Die-Casting Division recently sold ₹2.0m worth of stockOn the 24th of February, Ashim Vohra sold around 10k shares on-market at roughly ₹195 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹6.2m. This was Ashim's only on-market trade for the last 12 months.Upcoming Dividend • Feb 08Upcoming dividend of ₹0.30 per shareEligible shareholders must have bought the stock before 15 February 2022. Payment date: 04 March 2022. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.4%). Lower than average of industry peers (0.6%).Reported Earnings • Feb 07Third quarter 2022 earnings: EPS and revenues miss analyst expectationsThird quarter 2022 results: EPS: ₹2.13 (down from ₹2.20 in 3Q 2021). Revenue: ₹7.38b (flat on 3Q 2021). Net income: ₹698.5m (up 41% from 3Q 2021). Profit margin: 9.5% (up from 6.7% in 3Q 2021). Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) also missed analyst estimates by 34%. Over the next year, revenue is forecast to grow 20%, compared to a 16% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.お知らせ • Feb 05Minda Corporation Limited Appoints Vinod Raheja as Group Chief Risk OfficerMinda Corporation Limited at its board meeting held on February 4, 2022, approved the appointment of Mr. Vinod Raheja as Group Chief Risk Officer of the company, effective February 4, 2022. Mr. Raheja is a Chartered Accountant with overall experience of more than 27 years. He has worked as Group CFO of Akums Drugs & Pharmaceuticals and as CFO with Shriram Pistons. He was earlier associated with Company's namely JCB, Hero Honda Motors Limited.業績と収益の成長予測BSE:538962 - アナリストの将来予測と過去の財務データ ( )INR Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数3/31/20296,247,7616,9194,277N/A23/31/202878,8385,6444,306N/A63/31/202768,4064,4123,224N/A73/31/202660,2103,1451,946N/A512/31/202558,0282,877N/AN/AN/A9/30/202554,9502,6682,0266,148N/A6/30/202552,4972,565N/AN/AN/A3/31/202550,5622,5541,9435,444N/A12/31/202449,4992,741N/AN/AN/A9/30/202448,6322,6181,3023,880N/A6/30/202447,6902,462N/AN/AN/A3/31/202446,5112,2723482,868N/A12/31/202345,1072,784N/AN/AN/A9/30/202344,1322,7821,2554,169N/A6/30/202343,6442,772N/AN/AN/A3/31/202343,0012,8451,3673,874N/A12/31/202241,7332,384N/AN/AN/A9/30/202238,4332,5601031,775N/A6/30/202234,2752,373N/AN/AN/A3/31/202229,7591,9195831,668N/A12/31/202128,2221,706N/AN/AN/A9/30/202128,2371,502-527759N/A6/30/202127,4861,370N/AN/AN/A3/31/202123,679935-495855N/A12/31/202027,008-2,795N/AN/AN/A9/30/202025,046-2,8441,7923,084N/A6/30/202024,070-2,671N/AN/AN/A3/31/202022,2261,3563,0204,504N/A12/31/201928,8661,419N/AN/AN/A9/30/201929,8421,450N/A3,891N/A6/30/201930,2201,524N/AN/AN/A3/31/201930,9201,692N/A2,094N/A12/31/201830,4121,671N/AN/AN/A9/30/201829,0831,588N/AN/AN/A6/30/201827,9001,562N/AN/AN/A3/31/201825,9351,427N/A699N/A12/31/201732,7271,132N/AN/AN/A9/30/201731,447967N/AN/AN/A6/30/201730,374936N/AN/AN/A3/31/201720,5981,021N/A484N/A12/31/201628,4091,034N/AN/AN/A9/30/201627,7441,149N/AN/AN/A6/30/201626,1291,119N/AN/AN/A3/31/201624,4101,073N/A2,258N/A12/31/201523,0621,072N/AN/AN/A9/30/201521,856996N/AN/AN/A6/30/201520,404924N/AN/AN/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 538962の予測収益成長率 (年間27% ) は 貯蓄率 ( 6.9% ) を上回っています。収益対市場: 538962の収益 ( 27% ) はIndian市場 ( 16.3% ) よりも速いペースで成長すると予測されています。高成長収益: 538962の収益は今後 3 年間で 大幅に 増加すると予想されています。収益対市場: 538962の収益 ( 50.5% ) Indian市場 ( 10.8% ) よりも速いペースで成長すると予測されています。高い収益成長: 538962の収益 ( 50.5% ) 20%よりも速いペースで成長すると予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 538962の 自己資本利益率 は、3年後には低くなると予測されています ( 16 %)。成長企業の発掘7D1Y7D1Y7D1YAutomobiles 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 23:03終値2026/05/22 00:00収益2025/12/31年間収益2025/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Minda Corporation Limited 7 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。14 アナリスト機関null nullAsian Markets Securities Private LimitedMukesh SarafAvendus SparkSubhash GateChoice Equity Broking Private Limited11 その他のアナリストを表示
Price Target Changed • Nov 08Price target increased by 8.9% to ₹635Up from ₹583, the current price target is an average from 5 analysts. New target price is 9.6% above last closing price of ₹580. Stock is up 14% over the past year. The company is forecast to post earnings per share of ₹12.23 for next year compared to ₹10.85 last year.
Price Target Changed • May 30Price target decreased by 7.8% to ₹589Down from ₹639, the current price target is an average from 4 analysts. New target price is 13% above last closing price of ₹522. Stock is up 23% over the past year. The company is forecast to post earnings per share of ₹13.65 for next year compared to ₹10.85 last year.
Price Target Changed • Feb 10Price target increased by 9.9% to ₹631Up from ₹575, the current price target is an average from 3 analysts. New target price is 13% above last closing price of ₹557. Stock is up 40% over the past year. The company is forecast to post earnings per share of ₹12.60 for next year compared to ₹9.66 last year.
Price Target Changed • Aug 17Price target increased by 11% to ₹527Up from ₹476, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of ₹518. Stock is up 64% over the past year. The company is forecast to post earnings per share of ₹13.47 for next year compared to ₹9.66 last year.
Price Target Changed • Aug 09Price target increased by 7.2% to ₹500Up from ₹466, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of ₹510. Stock is up 70% over the past year. The company is forecast to post earnings per share of ₹13.60 for next year compared to ₹9.66 last year.
Price Target Changed • Feb 08Price target increased by 10% to ₹437Up from ₹396, the current price target is an average from 5 analysts. New target price is 7.3% above last closing price of ₹407. Stock is up 101% over the past year. The company is forecast to post earnings per share of ₹9.50 for next year compared to ₹12.10 last year.
お知らせ • 2hMinda Corporation Limited, Annual General Meeting, Aug 21, 2026Minda Corporation Limited, Annual General Meeting, Aug 21, 2026.
Declared Dividend • Feb 07Dividend of ₹0.60 announcedShareholders will receive a dividend of ₹0.60. Ex-date: 13th February 2026 Payment date: 6th March 2026 Dividend yield will be 0.3%, which is lower than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (8% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 22% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 06Third quarter 2026 earnings released: EPS: ₹3.64 (vs ₹2.75 in 3Q 2025)Third quarter 2026 results: EPS: ₹3.64 (up from ₹2.75 in 3Q 2025). Revenue: ₹15.6b (up 25% from 3Q 2025). Net income: ₹857.0m (up 32% from 3Q 2025). Profit margin: 5.5% (up from 5.2% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Nov 08Price target increased by 8.9% to ₹635Up from ₹583, the current price target is an average from 5 analysts. New target price is 9.6% above last closing price of ₹580. Stock is up 14% over the past year. The company is forecast to post earnings per share of ₹12.23 for next year compared to ₹10.85 last year.
Reported Earnings • Nov 07Second quarter 2026 earnings released: EPS: ₹3.60 (vs ₹3.16 in 2Q 2025)Second quarter 2026 results: EPS: ₹3.60 (up from ₹3.16 in 2Q 2025). Revenue: ₹15.4b (up 19% from 2Q 2025). Net income: ₹846.4m (up 14% from 2Q 2025). Profit margin: 5.5% (down from 5.8% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 42% per year, which means it is well ahead of earnings.
Upcoming Dividend • Aug 07Upcoming dividend of ₹0.90 per shareEligible shareholders must have bought the stock before 14 August 2025. Payment date: 20 September 2025. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (0.7%).
Reported Earnings • Aug 03Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: ₹10.85 (up from ₹9.66 in FY 2024). Revenue: ₹50.6b (up 8.7% from FY 2024). Net income: ₹2.55b (up 12% from FY 2024). Profit margin: 5.1% (up from 4.9% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 9.0% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Aug 01+ 3 more updatesMinda Corporation Limited to Report Q3, 2026 Results on Feb 25, 2026Minda Corporation Limited announced that they will report Q3, 2026 results on Feb 25, 2026
お知らせ • Jun 03Minda Corporation Limited announced that it has received INR 1.051875 billion in funding from Minda Capital Private LimitedOn June 2, 2025, Minda Corporation Limited closed the transaction. The transaction has been approved by the board of directors.
Price Target Changed • May 30Price target decreased by 7.8% to ₹589Down from ₹639, the current price target is an average from 4 analysts. New target price is 13% above last closing price of ₹522. Stock is up 23% over the past year. The company is forecast to post earnings per share of ₹13.65 for next year compared to ₹10.85 last year.
Declared Dividend • May 29Final dividend of ₹0.90 announcedDividend of ₹0.90 is the same as last year. Ex-date: 14th August 2025 Payment date: 21st September 2025 Dividend yield will be 0.3%, which is lower than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (13% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 65% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • May 28Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: ₹10.85 (up from ₹9.66 in FY 2024). Revenue: ₹50.9b (up 9.4% from FY 2024). Net income: ₹2.55b (up 12% from FY 2024). Profit margin: 5.0% (up from 4.9% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 8.8% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • May 27Minda Corporation Limited, Annual General Meeting, Aug 22, 2025Minda Corporation Limited, Annual General Meeting, Aug 22, 2025.
New Risk • Apr 25New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.3% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Significant insider selling over the past 3 months (₹22m sold).
Recent Insider Transactions • Feb 15Group CFO & Group Chief Risk Officer recently sold ₹2.7m worth of stockOn the 12th of February, Vinod Raheja sold around 5k shares on-market at roughly ₹536 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹39m. Vinod has been a net seller over the last 12 months, reducing personal holdings by ₹7.3m.
Price Target Changed • Feb 10Price target increased by 9.9% to ₹631Up from ₹575, the current price target is an average from 3 analysts. New target price is 13% above last closing price of ₹557. Stock is up 40% over the past year. The company is forecast to post earnings per share of ₹12.60 for next year compared to ₹9.66 last year.
Declared Dividend • Feb 08Dividend of ₹0.50 announcedShareholders will receive a dividend of ₹0.50. Ex-date: 12th February 2025 Payment date: 5th March 2025 Dividend yield will be 0.2%, which is lower than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (12% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 53% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 07Third quarter 2025 earnings released: EPS: ₹2.75 (vs ₹2.23 in 3Q 2024)Third quarter 2025 results: EPS: ₹2.75 (up from ₹2.23 in 3Q 2024). Revenue: ₹12.6b (up 8.2% from 3Q 2024). Net income: ₹648.0m (up 24% from 3Q 2024). Profit margin: 5.1% (up from 4.5% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Jan 20Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₹592, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 26x in the Auto Components industry in India. Total returns to shareholders of 217% over the past three years.
お知らせ • Jan 15Minda Corporation Limited (NSEI:MINDACORP) agreed to acquire 49% stake in Flash Electronics (India) Pvt. Ltd. for INR 13.7 billion.Minda Corporation Limited (NSEI:MINDACORP) agreed to acquire 49% stake in Flash Electronics (India) Pvt. Ltd. for INR 13.7 billion on January 15, 2025. A cash consideration of INR 13.72 billion will be paid by Minda Corporation Limited. As part of consideration, INR 13.72 billion is paid towards common equity of Flash Electronics (India) Pvt. Ltd. The expected completion of the transaction is January 31, 2025.
Recent Insider Transactions • Dec 10Additional Independent Director recently sold ₹39m worth of stockOn the 6th of December, Laxman Ramnarayan sold around 77k shares on-market at roughly ₹505 per share. This transaction amounted to 55% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹69m more than they bought in the last 12 months.
Reported Earnings • Nov 14Second quarter 2025 earnings released: EPS: ₹3.16 (vs ₹2.50 in 2Q 2024)Second quarter 2025 results: EPS: ₹3.16 (up from ₹2.50 in 2Q 2024). Revenue: ₹13.0b (up 8.8% from 2Q 2024). Net income: ₹743.4m (up 27% from 2Q 2024). Profit margin: 5.7% (up from 4.9% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Sep 26Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ₹618, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 30x in the Auto Components industry in India. Total returns to shareholders of 392% over the past three years.
Valuation Update With 7 Day Price Move • Aug 23Investor sentiment improves as stock rises 22%After last week's 22% share price gain to ₹633, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 30x in the Auto Components industry in India. Total returns to shareholders of 437% over the past three years.
Price Target Changed • Aug 17Price target increased by 11% to ₹527Up from ₹476, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of ₹518. Stock is up 64% over the past year. The company is forecast to post earnings per share of ₹13.47 for next year compared to ₹9.66 last year.
お知らせ • Aug 16Minda Corporation Limited Appoints Laxman Ramnarayan as an Independent DirectorMinda Corporation Limited at its AGM held on August 14, 2024 appointed Mr. Laxman Ramnarayan as an Independent Director.
Price Target Changed • Aug 09Price target increased by 7.2% to ₹500Up from ₹466, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of ₹510. Stock is up 70% over the past year. The company is forecast to post earnings per share of ₹13.60 for next year compared to ₹9.66 last year.
Upcoming Dividend • Jul 31Upcoming dividend of ₹0.90 per shareEligible shareholders must have bought the stock before 07 August 2024. Payment date: 12 September 2024. Payout ratio is a comfortable 14% and the cash payout ratio is 88%. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.1%). Lower than average of industry peers (0.5%).
Reported Earnings • Jul 26Full year 2024 earnings: Revenues and EPS in line with analyst expectationsFull year 2024 results: EPS: ₹9.66 (down from ₹12.10 in FY 2023). Revenue: ₹46.5b (up 8.2% from FY 2023). Net income: ₹2.27b (down 20% from FY 2023). Profit margin: 4.9% (down from 6.6% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Jul 23+ 3 more updatesMinda Corporation Limited to Report Q2, 2025 Results on Nov 12, 2024Minda Corporation Limited announced that they will report Q2, 2025 results at 4:00 PM, Indian Standard Time on Nov 12, 2024
Recent Insider Transactions • Jun 21COO & CEO of Die-Casting Division recently sold ₹5.7m worth of stockOn the 18th of June, Ashim Vohra sold around 12k shares on-market at roughly ₹475 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Ashim's only on-market trade for the last 12 months.
お知らせ • May 24Minda Corporation Limited, Annual General Meeting, Aug 14, 2024Minda Corporation Limited, Annual General Meeting, Aug 14, 2024.
Reported Earnings • May 23Full year 2024 earnings: Revenues and EPS in line with analyst expectationsFull year 2024 results: EPS: ₹9.65 (down from ₹12.10 in FY 2023). Revenue: ₹46.7b (up 8.5% from FY 2023). Net income: ₹2.27b (down 20% from FY 2023). Profit margin: 4.9% (down from 6.6% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 9.9% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • May 16Minda Corporation Limited to Report Q4, 2024 Results on May 22, 2024Minda Corporation Limited announced that they will report Q4, 2024 results on May 22, 2024
Recent Insider Transactions • Mar 16Group CFO & Group Chief Risk Officer recently sold ₹2.8m worth of stockOn the 12th of March, Vinod Raheja sold around 7k shares on-market at roughly ₹405 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹3.8m. Vinod has been a net seller over the last 12 months, reducing personal holdings by ₹14m.
Recent Insider Transactions • Feb 23Group CFO & Group Chief Risk Officer recently sold ₹867k worth of stockOn the 19th of February, Vinod Raheja sold around 2k shares on-market at roughly ₹433 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹5.7m. Vinod has been a net seller over the last 12 months, reducing personal holdings by ₹11m.
お知らせ • Feb 09Minda Corporation Limited Declares Interim DividendThe Board of Directors of Minda Corporation Limited have declared interim dividend of 25% that is 50 paisa per equity share.
Price Target Changed • Feb 08Price target increased by 10% to ₹437Up from ₹396, the current price target is an average from 5 analysts. New target price is 7.3% above last closing price of ₹407. Stock is up 101% over the past year. The company is forecast to post earnings per share of ₹9.50 for next year compared to ₹12.10 last year.
お知らせ • Feb 07Minda Corporation Limited Appoints Deepak Arora as CEO BV-II (Wiring Harness Division)Minda Corporation Limited announced that Mr. Deepak Arora has been designated to CEO BV-II (Wiring Harness Division) of the company with effect from February 07, 2024. Mr. Deepak Arora is MBA in Operations from IMT. He has been associated with the Group since 2008 and has held various leadership roles during his tenure. Prior to his last assignment, he was in charge of the Programme Management (PMG) function for Wiring Harness Division. In his current role, Mr. Arora would be overseeing overall WHD vertical focusing on the growth of the business.
Upcoming Dividend • Feb 07Upcoming dividend of ₹0.50 per share at 0.4% yieldEligible shareholders must have bought the stock before 14 February 2024. Payment date: 01 March 2024. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.1%). Lower than average of industry peers (0.6%).
Declared Dividend • Feb 03Dividend increased to ₹0.50Dividend of ₹0.50 is 25% higher than last year. Ex-date: 14th February 2024 Payment date: 1st March 2024 Dividend yield will be 0.3%, which is lower than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (11% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 42% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 02Third quarter 2024 earnings released: EPS: ₹2.23 (vs ₹2.22 in 3Q 2023)Third quarter 2024 results: EPS: ₹2.23 (up from ₹2.22 in 3Q 2023). Revenue: ₹11.7b (up 9.3% from 3Q 2023). Net income: ₹524.9m (flat on 3Q 2023). Profit margin: 4.5% (down from 4.9% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 56% per year whereas the company’s share price has increased by 61% per year.
お知らせ • Jan 24Minda Corporation Limited to Report Q3, 2024 Results on Feb 01, 2024Minda Corporation Limited announced that they will report Q3, 2024 results on Feb 01, 2024
Price Target Changed • Jan 15Price target increased by 13% to ₹396Up from ₹350, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of ₹396. Stock is up 75% over the past year. The company is forecast to post earnings per share of ₹10.86 for next year compared to ₹12.10 last year.
Board Change • Jan 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. Additional Independent Director Gajanan Gandhe was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Recent Insider Transactions • Dec 19Group CFO & Group Chief Risk Officer recently sold ₹5.7m worth of stockOn the 14th of December, Vinod Raheja sold around 15k shares on-market at roughly ₹382 per share. This transaction amounted to 38% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Vinod's only on-market trade for the last 12 months.
Price Target Changed • Nov 14Price target increased by 8.3% to ₹358Up from ₹330, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of ₹345. Stock is up 64% over the past year. The company is forecast to post earnings per share of ₹11.27 for next year compared to ₹12.10 last year.
Price Target Changed • Nov 03Price target increased by 9.1% to ₹338Up from ₹310, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of ₹341. Stock is up 70% over the past year. The company is forecast to post earnings per share of ₹11.27 for next year compared to ₹12.10 last year.
Reported Earnings • Nov 03Second quarter 2024 earnings released: EPS: ₹2.50 (vs ₹2.46 in 2Q 2023)Second quarter 2024 results: EPS: ₹2.50 (up from ₹2.46 in 2Q 2023). Revenue: ₹12.0b (up 4.4% from 2Q 2023). Net income: ₹587.7m (up 1.7% from 2Q 2023). Profit margin: 4.9% (down from 5.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 71% per year, which means it is significantly lagging earnings growth.
お知らせ • Oct 24Minda Corporation Limited to Report Q2, 2024 Results on Nov 02, 2023Minda Corporation Limited announced that they will report Q2, 2024 results on Nov 02, 2023
Recent Insider Transactions • Sep 07Executive Chairman & Group CEO recently bought ₹96m worth of stockOn the 4th of September, Ashok Minda bought around 275k shares on-market at roughly ₹350 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Ashok's only on-market trade for the last 12 months.
Recent Insider Transactions • Aug 26Executive Director recently sold ₹1.6m worth of stockOn the 21st of August, Naresh Modi sold around 5k shares on-market at roughly ₹318 per share. This transaction amounted to 3.2% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹5.7m. Insiders have been net sellers, collectively disposing of ₹22m more than they bought in the last 12 months.
Reported Earnings • Aug 04First quarter 2024 earnings: EPS and revenues miss analyst expectationsFirst quarter 2024 results: EPS: ₹1.92 (down from ₹2.23 in 1Q 2023). Revenue: ₹10.8b (up 6.6% from 1Q 2023). Net income: ₹452.1m (down 14% from 1Q 2023). Profit margin: 4.2% (down from 5.2% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 6.3%. Earnings per share (EPS) also missed analyst estimates by 19%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 62% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Aug 03Price target increased by 7.8% to ₹308Up from ₹286, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of ₹294. Stock is up 28% over the past year. The company is forecast to post earnings per share of ₹12.34 for next year compared to ₹12.10 last year.
お知らせ • Jul 15Minda Corporation Limited Approves Appointment of Neeraj Sharma as Group Chief Marketing OfficerMinda Corporation Limited announced that Mr. Neeraj Sharma is appointed as Group Chief Marketing Officer (GCMO) of the Company with effect from July 14, 2023. Mr. Neeraj Sharma is 52 years old and has earned his Masters from Institute of Business Management and Research, Pune University and B.E. in Industrial Engineering from Vishwakarma Institute of Technology, Pune University. Mr. Neeraj is a techno-Commercial Business Leader with 30 years of experience in Global Enterprises. Spearheaded strategic vision, tactical execution and operations management to support performance and propel organizational growth. He has a proven history of managing stakeholders and heading complex Joint-Venture organizations.
Upcoming Dividend • Jul 14Upcoming dividend of ₹0.80 per share at 0.4% yieldEligible shareholders must have bought the stock before 21 July 2023. Payment date: 26 August 2023. Payout ratio is a comfortable 9.9% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (0.8%).
Reported Earnings • Jul 06Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: ₹12.10 (up from ₹8.16 in FY 2022). Revenue: ₹43.2b (up 45% from FY 2022). Net income: ₹2.85b (up 48% from FY 2022). Profit margin: 6.6% (up from 6.4% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 25%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 9.9% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 58% per year, which means it is significantly lagging earnings growth.
Recent Insider Transactions • Jun 10COO & CEO of Die-Casting Division recently sold ₹1.5m worth of stockOn the 5th of June, Ashim Vohra sold around 5k shares on-market at roughly ₹301 per share. This transaction amounted to 6.2% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹5.7m. Ashim has been a net seller over the last 12 months, reducing personal holdings by ₹8.7m.
お知らせ • Jun 09Minda Corporation Limited Announces Resignation of Ravi Sud as Non-Executive, Non-Independent DirectorMinda Corporation Limited announced that Mr. Ravi Sud has stepped down as Non-Executive, Non-Independent Director (Nominee Director of PHI CapitalGrowth Fund I) from the Board of the company effective June 8, 2023 due to emerging professional needs and related pre-occupations. Board Committee's Updates: Automatically ceased to be a Chairman of Risk Management Committee and Member of Stakeholders' Relationship Committee effective June 08, 2023.
Recent Insider Transactions • May 26COO & CEO of Die-Casting Division recently sold ₹932k worth of stockOn the 22nd of May, Ashim Vohra sold around 3k shares on-market at roughly ₹274 per share. This transaction amounted to 3.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Ashim's only on-market trade for the last 12 months.
お知らせ • May 20+ 1 more updateMinda Corporation Limited, Annual General Meeting, Jul 27, 2023Minda Corporation Limited, Annual General Meeting, Jul 27, 2023. Agenda: To consider final dividend for the financial year 2022-2023.
Valuation Update With 7 Day Price Move • Apr 04Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₹231, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 22x in the Auto Components industry in India. Total returns to shareholders of 333% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹96.20 per share.
お知らせ • Feb 18Pricol Clarifies on Reports Regarding Acquisition of Shares by MindaMedia reports earlier in the day suggested that Minda Corporation (NSEI:MINDACORP) is looking to acquire up to 15.7% stake in precision engineered products manufacturer Pricol Limited (NSEI:PRICOLLTD) through a reverse book building process. The reports further stated that Minda Corp. is looking to invest INR 4,000 million in Pricol to acquire the stake. Pricol Managing Director Vikram Mohan was quoted by the media saying that neither he nor promoters or institutions, which own stakes in Pricol, have any intention to sell. The MD reported said there was no question of selling a stake as the company is doing very well and is on the growth curve. Offering a clarification on the same, Pricol filed a statement with the bourses stating: "Our company has no information in this regard. We don't find any communication from Minda Corporation Limited to the stock exchanges regarding the said news. Minda Corporation Limited is a competitor in one of our major business segments. It further added: "Managing Director of Pricol Limited has issued a clarification a little while earlier reiterating that the promoter group stands fully committed to the company and that they have absolutely no intent in undertaking any secondary sale of promoter's stake.
Reported Earnings • Feb 14Third quarter 2023 earnings: EPS and revenues miss analyst expectationsThird quarter 2023 results: EPS: ₹2.22. Revenue: ₹10.7b (up 45% from 3Q 2022). Net income: ₹522.6m (down 25% from 3Q 2022). Profit margin: 4.9% (down from 9.5% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 7.1%. Earnings per share (EPS) also missed analyst estimates by 22%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Auto Components industry in India.
お知らせ • Feb 09+ 1 more updateMinda Corporation Limited Approves Interim Dividend for the Year 2022-2023, Payable on or Before March 9, 2023Minda Corporation Limited announced that at its board meeting held on February 8, 2023, approved declaration of interim dividend at 20% that is INR 0.40 per equity share on 239,079,428 equity shares of INR 2 each. the board has fixed February 18, 2023, as the record date for the purpose of ascertaining the eligibility of shareholders for the payment of interim dividend for the year 2022-2023. Dividend shall be paid/dispatched on or before March 9, 2023.
Price Target Changed • Jan 24Price target increased by 8.8% to ₹291Up from ₹267, the current price target is an average from 4 analysts. New target price is 32% above last closing price of ₹219. Stock is up 8.8% over the past year. The company is forecast to post earnings per share of ₹9.98 for next year compared to ₹8.16 last year.
Reported Earnings • Nov 06Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2023 results: EPS: ₹2.46 (up from ₹1.66 in 2Q 2022). Revenue: ₹11.5b (up 57% from 2Q 2022). Net income: ₹578.1m (up 48% from 2Q 2022). Profit margin: 5.0% (down from 5.3% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) missed analyst estimates by 17%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Oct 11Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 8.8%. The fair value is estimated to be ₹259, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has grown by 22%. Revenue is forecast to grow by 22% in a year. Earnings is forecast to grow by 9.8% in the next year.
Buying Opportunity • Sep 09Now 20% undervaluedOver the last 90 days, the stock is up 17%. The fair value is estimated to be ₹286, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has grown by 22%. Revenue is forecast to grow by 22% in a year. Earnings is forecast to grow by 9.8% in the next year.
Buying Opportunity • Aug 22Now 20% undervaluedOver the last 90 days, the stock is up 7.7%. The fair value is estimated to be ₹272, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has grown by 22%. Revenue is forecast to grow by 22% in a year. Earnings is forecast to grow by 9.8% in the next year.
お知らせ • Jul 15Spark Minda Forays into Consumer Space with the Launch of Protective Head Gear (Helmets)Minda Corporation Limited launched 17 helmet models with 145 variants in the Indian retail market. The launch marks Spark Minda's foray into the B2C space at a time when India is emerging as the larger and faster growing helmet market globally. During the next few years, the company plans to add 200+ distributors and open exclusive Spark Minda branded outlets across the country, making the distribution network more robust. The Protective Head Gear will be available across three customer segments- Economy (Knight series), Mid (Garrison series) and the Premium (Armored series) category. Spark Minda also announced the launch of 1,500 fiber parts (Plastic-molded, painted components for two-wheelers) to meet the growing demand of 2W riders across the country. This number is targeted to increase to 2400 in the next two years, representing the larger range of fiber parts available in the country.
Upcoming Dividend • Jul 14Upcoming dividend of ₹0.70 per shareEligible shareholders must have bought the stock before 21 July 2022. Payment date: 25 August 2022. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.8%). Lower than average of industry peers (0.7%).
Reported Earnings • Jul 08Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: ₹8.16 (up from ₹4.13 in FY 2021). Revenue: ₹29.8b (up 26% from FY 2021). Net income: ₹1.92b (up 105% from FY 2021). Profit margin: 6.4% (up from 3.9% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 27%. Over the next year, revenue is forecast to grow 31%, compared to a 22% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings.
お知らせ • Jul 07+ 4 more updatesMinda Corporation Limited to Report Q3, 2023 Results on Feb 03, 2023Minda Corporation Limited announced that they will report Q3, 2023 results on Feb 03, 2023
Valuation Update With 7 Day Price Move • Jun 29Investor sentiment improved over the past weekAfter last week's 18% share price gain to ₹197, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 23x in the Auto Components industry in India. Total returns to shareholders of 86% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹246 per share.
Buying Opportunity • Jun 14Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 6.2%. The fair value is estimated to be ₹235, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 2.7%. Revenue is forecast to grow by 52% in 2 years. Earnings is forecast to grow by 55% in the next 2 years.
Reported Earnings • May 19Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: ₹8.16 (up from ₹4.13 in FY 2021). Revenue: ₹29.8b (up 26% from FY 2021). Net income: ₹1.92b (up 105% from FY 2021). Profit margin: 6.4% (up from 3.9% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 27%. Over the next year, revenue is forecast to grow 33%, compared to a 20% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.
お知らせ • May 18Minda Corporation Limited Recommends Final Dividend for the Year Ended 31 March 2022Minda Corporation Limited at its board meeting held on May 17, 2022 recommended a final dividend of INR 0.70 per equity share aggregating to INR 167.4 million for the year ended 31 March 2022 subject to approval of shareholders in ensuing Annual General Meeting of the company. The total dividend declared for the financial year 2021-22 is INR 1 per equity share. The register of members & share transfer books of the Company shall remain closed from July 25, 2022 to July 28, 2022 (both days inclusive) for the purpose of payment of final dividend (if approved at the ensuing Annual General Meeting for the year 2021-22).
お知らせ • May 12Minda Corporation Limited to Report Q4, 2022 Results on May 17, 2022Minda Corporation Limited announced that they will report Q4, 2022 results on May 17, 2022
Valuation Update With 7 Day Price Move • May 10Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to ₹207, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 24x in the Auto Components industry in India. Total returns to shareholders of 71% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹113 per share.
Price Target Changed • Apr 27Price target increased to ₹226Up from ₹183, the current price target is an average from 6 analysts. New target price is 11% below last closing price of ₹254. Stock is up 148% over the past year. The company is forecast to post earnings per share of ₹6.20 for next year compared to ₹4.13 last year.
Valuation Update With 7 Day Price Move • Apr 20Investor sentiment improved over the past weekAfter last week's 18% share price gain to ₹265, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 24x in the Auto Components industry in India. Total returns to shareholders of 103% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹111 per share.
Recent Insider Transactions • Feb 27COO & CEO of Die-Casting Division recently sold ₹2.0m worth of stockOn the 24th of February, Ashim Vohra sold around 10k shares on-market at roughly ₹195 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹6.2m. This was Ashim's only on-market trade for the last 12 months.
Upcoming Dividend • Feb 08Upcoming dividend of ₹0.30 per shareEligible shareholders must have bought the stock before 15 February 2022. Payment date: 04 March 2022. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.4%). Lower than average of industry peers (0.6%).
Reported Earnings • Feb 07Third quarter 2022 earnings: EPS and revenues miss analyst expectationsThird quarter 2022 results: EPS: ₹2.13 (down from ₹2.20 in 3Q 2021). Revenue: ₹7.38b (flat on 3Q 2021). Net income: ₹698.5m (up 41% from 3Q 2021). Profit margin: 9.5% (up from 6.7% in 3Q 2021). Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) also missed analyst estimates by 34%. Over the next year, revenue is forecast to grow 20%, compared to a 16% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.
お知らせ • Feb 05Minda Corporation Limited Appoints Vinod Raheja as Group Chief Risk OfficerMinda Corporation Limited at its board meeting held on February 4, 2022, approved the appointment of Mr. Vinod Raheja as Group Chief Risk Officer of the company, effective February 4, 2022. Mr. Raheja is a Chartered Accountant with overall experience of more than 27 years. He has worked as Group CFO of Akums Drugs & Pharmaceuticals and as CFO with Shriram Pistons. He was earlier associated with Company's namely JCB, Hero Honda Motors Limited.