MINDACORP Stock Overview
Minda Corporation Limited manufactures and sells automobile components and parts.
Price History & Performance
|Historical stock prices|
|Current Share Price||₹196.70|
|52 Week High||₹287.00|
|52 Week Low||₹114.35|
|1 Month Change||-1.50%|
|3 Month Change||-4.88%|
|1 Year Change||53.43%|
|3 Year Change||83.23%|
|5 Year Change||72.17%|
|Change since IPO||4,062.96%|
Recent News & Updates
Here's What's Concerning About Minda's (NSE:MINDACORP) Returns On Capital
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Typically, we'll...
Here's Why Minda (NSE:MINDACORP) Has Caught The Eye Of Investors
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
|MINDACORP||IN Auto Components||IN Market|
Return vs Industry: MINDACORP exceeded the Indian Auto Components industry which returned -5.5% over the past year.
Return vs Market: MINDACORP exceeded the Indian Market which returned 0.6% over the past year.
|MINDACORP Average Weekly Movement||7.9%|
|Auto Components Industry Average Movement||6.1%|
|Market Average Movement||7.0%|
|10% most volatile stocks in IN Market||9.9%|
|10% least volatile stocks in IN Market||4.5%|
Stable Share Price: MINDACORP is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: MINDACORP's weekly volatility (8%) has been stable over the past year.
About the Company
Minda Corporation Limited manufactures and sells automobile components and parts. It offers electronic and mechanical security systems, including ignition switch cum steering locks, smart key systems, mechatronic handles, and immobilizers systems; die casting components, such as aluminum high pressure die casting and compressor housing products; and starter motors and alternators. The company also provides information and connected systems comprising instrument clusters; wiring harnesses, steering roll connectors, and junction boxes; speed and exhaust gas temperature sensors; and various technology and IoT solutions.
Minda Fundamentals Summary
|MINDACORP fundamental statistics|
Is MINDACORP overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MINDACORP income statement (TTM)|
|Cost of Revenue||₹18.76b|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||8.03|
|Net Profit Margin||6.45%|
How did MINDACORP perform over the long term?See historical performance and comparison
0.5%Current Dividend Yield
Does MINDACORP pay a reliable dividends?See MINDACORP dividend history and benchmarks
|Minda dividend dates|
|Ex Dividend Date||Jul 21 2022|
|Dividend Pay Date||Aug 27 2022|
|Days until Ex dividend||21 days|
|Days until Dividend pay date||58 days|
Does MINDACORP pay a reliable dividends?See MINDACORP dividend history and benchmarks
Is MINDACORP undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for MINDACORP?
Other financial metrics that can be useful for relative valuation.
|What is MINDACORP's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does MINDACORP's PE Ratio compare to its peers?
|MINDACORP PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
532509 Suprajit Engineering
SANSERA Sansera Engineering
532605 JBM Auto
532756 Mahindra CIE Automotive
Price-To-Earnings vs Peers: MINDACORP is good value based on its Price-To-Earnings Ratio (24.5x) compared to the peer average (25.6x).
Price to Earnings Ratio vs Industry
How does MINDACORP's PE Ratio compare vs other companies in the IN Auto Components Industry?
Price-To-Earnings vs Industry: MINDACORP is expensive based on its Price-To-Earnings Ratio (24.5x) compared to the Indian Auto Components industry average (22.1x)
Price to Earnings Ratio vs Fair Ratio
What is MINDACORP's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||24.5x|
|Fair PE Ratio||31.7x|
Price-To-Earnings vs Fair Ratio: MINDACORP is good value based on its Price-To-Earnings Ratio (24.5x) compared to the estimated Fair Price-To-Earnings Ratio (31.7x).
Share Price vs Fair Value
What is the Fair Price of MINDACORP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: MINDACORP (₹196.7) is trading below our estimate of fair value (₹236.73)
Significantly Below Fair Value: MINDACORP is trading below fair value, but not by a significant amount.
Price to Earnings Growth Ratio
PEG Ratio: MINDACORP is poor value based on its PEG Ratio (1.1x)
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How is Minda forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Future Growth Score5/6
Future Growth Score 5/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MINDACORP's forecast earnings growth (21.8% per year) is above the savings rate (6.7%).
Earnings vs Market: MINDACORP's earnings (21.8% per year) are forecast to grow faster than the Indian market (17.3% per year).
High Growth Earnings: MINDACORP's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MINDACORP's revenue (20.4% per year) is forecast to grow faster than the Indian market (11.5% per year).
High Growth Revenue: MINDACORP's revenue (20.4% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MINDACORP's Return on Equity is forecast to be low in 3 years time (17.6%).
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How has Minda performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MINDACORP has high quality earnings.
Growing Profit Margin: MINDACORP's current net profit margins (6.4%) are higher than last year (3.9%).
Past Earnings Growth Analysis
Earnings Trend: MINDACORP's earnings have declined by 11.2% per year over the past 5 years.
Accelerating Growth: MINDACORP's earnings growth over the past year (105.2%) exceeds its 5-year average (-11.2% per year).
Earnings vs Industry: MINDACORP earnings growth over the past year (105.2%) exceeded the Auto Components industry 33.8%.
Return on Equity
High ROE: MINDACORP's Return on Equity (14.4%) is considered low.
Discover strong past performing companies
How is Minda's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: MINDACORP's short term assets (₹15.4B) exceed its short term liabilities (₹10.1B).
Long Term Liabilities: MINDACORP's short term assets (₹15.4B) exceed its long term liabilities (₹2.3B).
Debt to Equity History and Analysis
Debt Level: MINDACORP's net debt to equity ratio (4.4%) is considered satisfactory.
Reducing Debt: MINDACORP's debt to equity ratio has reduced from 87.3% to 29.4% over the past 5 years.
Debt Coverage: MINDACORP's debt is well covered by operating cash flow (42.6%).
Interest Coverage: MINDACORP's interest payments on its debt are well covered by EBIT (5.9x coverage).
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What is Minda current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Future Dividend Coverage
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: MINDACORP's dividend (0.51%) is higher than the bottom 25% of dividend payers in the Indian market (0.43%).
High Dividend: MINDACORP's dividend (0.51%) is low compared to the top 25% of dividend payers in the Indian market (1.85%).
Stability and Growth of Payments
Stable Dividend: MINDACORP's dividend payments have been volatile in the past 10 years.
Growing Dividend: MINDACORP's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (12.3%), MINDACORP's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (41%), MINDACORP's dividend payments are well covered by cash flows.
Discover strong dividend paying companies
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ashok Minda (60 yo)
Mr. Ashok Minda serves as Group Chief Executive Officer of Spark Minda, Ashok Minda Group. Mr. Minda served as Managing Director of Minda Corporation Limited until March 31, 2007. Mr. Minda served as Manag...
CEO Compensation Analysis
Compensation vs Market: Ashok's total compensation ($USD629.90K) is above average for companies of similar size in the Indian market ($USD260.10K).
Compensation vs Earnings: Ashok's compensation has increased by more than 20% in the past year.
Experienced Management: MINDACORP's management team is considered experienced (2.1 years average tenure).
Experienced Board: MINDACORP's board of directors are considered experienced (6.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Minda Corporation Limited's employee growth, exchange listings and data sources
- Name: Minda Corporation Limited
- Ticker: MINDACORP
- Exchange: NSEI
- Founded: 1958
- Industry: Auto Parts and Equipment
- Sector: Automobiles
- Implied Market Cap: ₹47.020b
- Shares outstanding: 239.05m
- Website: https://sparkminda.com
Number of Employees
- Minda Corporation Limited
- D-6-11, Sector-59
- Gautam Budh Nagar
- Uttar Pradesh
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/29 00:00|
|End of Day Share Price||2022/06/29 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.