View Financial HealthMinda 배당 및 자사주 매입배당 기준 점검 3/6Minda 수익으로 충분히 충당되는 현재 수익률 0.24% 보유한 배당금 지급 회사입니다.핵심 정보0.2%배당 수익률-0.002%자사주 매입 수익률총 주주 수익률0.2%미래 배당 수익률0.4%배당 성장률14.0%다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향8%최근 배당 및 자사주 매입 업데이트Declared 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.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%).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.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.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%).공시 • 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.모든 업데이트 보기Recent updatesReported Earnings • 2hFull year 2026 earnings: EPS and revenues exceed analyst expectationsFull year 2026 results: EPS: ₹15.31 (up from ₹10.85 in FY 2025). Revenue: ₹62.0b (up 23% from FY 2025). Net income: ₹3.60b (up 41% from FY 2025). Profit margin: 5.8% (up from 5.1% in FY 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Revenue is forecast to grow 52% 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 10% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.공시 • May 22Minda 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.공시 • 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, 2026공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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).공시 • 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.지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: 538962 의 배당금 지급은 지난 10 년 동안 휘발성이었습니다.배당금 증가: 538962 의 배당금 지급은 지난 10 년 동안 증가했습니다.배당 수익률 vs 시장Minda 배당 수익률 vs 시장538962의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (538962)0.2%시장 하위 25% (IN)0.3%시장 상위 25% (IN)1.5%업계 평균 (Auto Components)0.6%분석가 예측 (538962) (최대 3년)0.4%주목할만한 배당금: 538962 의 배당금( 0.24% )은 Indian 시장에서 배당금 지급자의 하위 25%( 0.3% )와 비교해 주목할 만하지 않습니다.고배당: 538962 의 배당금( 0.24% )은 Indian 시장에서 배당금 지급자의 상위 25%( 1.47% )와 비교해 낮습니다.주주 대상 이익 배당수익 보장: 낮은 배당금 지급 비율 (7.9%)로 인해 538962의 배당금 지급은 수익으로 충분히 충당됩니다.주주 현금 배당현금 흐름 범위: 현금 지급 비율 ( 11.7% )이 낮기 때문에 538962 의 배당금 지급은 현금 흐름으로 완전히 충당됩니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YIN 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/23 21:35종가2026/05/22 00:00수익2026/03/31연간 수익2026/03/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Minda Corporation Limited는 14명의 분석가가 다루고 있습니다. 이 중 7명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관null nullAsian Markets Securities Private LimitedMukesh SarafAvendus SparkSubhash GateChoice Equity Broking Private Limited11명의 분석가 더 보기
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.
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%).
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.
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.
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%).
공시 • 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.
Reported Earnings • 2hFull year 2026 earnings: EPS and revenues exceed analyst expectationsFull year 2026 results: EPS: ₹15.31 (up from ₹10.85 in FY 2025). Revenue: ₹62.0b (up 23% from FY 2025). Net income: ₹3.60b (up 41% from FY 2025). Profit margin: 5.8% (up from 5.1% in FY 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Revenue is forecast to grow 52% 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 10% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.
공시 • May 22Minda 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.
공시 • 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
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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).
공시 • 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.