Minda (NSEI:MINDACORP) - Stock Price, News & Analysis

MINDACORP Stock Overview

Minda Corporation Limited manufactures and sells automobile components and parts.

MINDACORP fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	4/6
Past Performance	4/6
Financial Health	6/6
Dividends	3/6

Rewards

Earnings are forecast to grow 21.95% per year

Earnings grew by 39.8% over the past year

Risk Analysis

Dividend of 0.41% is not well covered

Significant insider selling over the past 3 months

My Notes

Capture your thoughts, links and company narrative

Minda Corporation Limited Competitors

Sundaram-Clayton

BSE:520056

₹86.6b

Suprajit Engineering

BSE:532509

₹53.1b

Sansera Engineering

NSEI:SANSERA

₹43.8b

Asahi India Glass

BSE:515030

₹111.9b

Price History & Performance

Summary of all time highs, changes and price drops for Minda
Historical stock prices
Current Share Price	₹294.10
52 Week High	₹301.75
52 Week Low	₹163.50
Beta	0.89
1 Month Change	9.07%
3 Month Change	42.32%
1 Year Change	46.76%
3 Year Change	358.46%
5 Year Change	73.00%
Change since IPO	6,124.34%

Minda (NSE:MINDACORP) Has Announced That It Will Be Increasing Its Dividend To ₹0.80

May 22

Here's Why We Think Minda (NSE:MINDACORP) Might Deserve Your Attention Today

Mar 28

Recent updates

Minda (NSE:MINDACORP) Has Announced That It Will Be Increasing Its Dividend To ₹0.80

May 22

Here's Why We Think Minda (NSE:MINDACORP) Might Deserve Your Attention Today

Mar 28

Minda (NSE:MINDACORP) Seems To Use Debt Quite Sensibly

Dec 03

Minda Corporation Limited (NSE:MINDACORP) Shares Could Be 45% Below Their Intrinsic Value Estimate

Aug 17

Minda Corporation Limited's (NSE:MINDACORP) Intrinsic Value Is Potentially 25% Below Its Share Price

Jan 08

These 4 Measures Indicate That Minda (NSE:MINDACORP) Is Using Debt Safely

Dec 21

Minda (NSE:MINDACORP) May Have Issues Allocating Its Capital

Nov 22

Minda (NSE:MINDACORP) Seems To Use Debt Quite Sensibly

Jul 15

Minda (NSE:MINDACORP) Is Reinvesting At Lower Rates Of Return

Jun 14

Estimating The Intrinsic Value Of Minda Corporation Limited (NSE:MINDACORP)

May 21

Minda (NSE:MINDACORP) Share Prices Have Dropped 42% In The Last Three Years

Mar 02

Shareholder Returns

	MINDACORP	IN Auto Components	IN Market
7D	5.8%	1.6%	0.7%
1Y	46.8%	28.8%	10.4%

Return vs Industry: MINDACORP exceeded the Indian Auto Components industry which returned 27.6% over the past year.

Return vs Market: MINDACORP exceeded the Indian Market which returned 9.8% over the past year.

Price Volatility

Is MINDACORP's price volatile compared to industry and market?
MINDACORP volatility
MINDACORP Average Weekly Movement	5.8%
Auto Components Industry Average Movement	5.2%
Market Average Movement	5.7%
10% most volatile stocks in IN Market	8.9%
10% least volatile stocks in IN Market	3.4%

Stable Share Price: MINDACORP is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: MINDACORP's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1958	2,755	Ashok Minda	https://www.sparkminda.com

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; and positional, temperature, and speed and exhaust gas temperature sensors.

Minda Corporation Limited Fundamentals Summary

How do Minda's earnings and revenue compare to its market cap?
MINDACORP fundamental statistics
Market Cap	₹70.31b
Earnings (TTM)	₹2.38b
Revenue (TTM)	₹41.73b

29.5x

P/E Ratio

1.7x

P/S Ratio

Is MINDACORP overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
MINDACORP income statement (TTM)
Revenue	₹41.73b
Cost of Revenue	₹27.50b
Gross Profit	₹14.23b
Other Expenses	₹11.85b
Earnings	₹2.38b

Last Reported Earnings

Dec 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	9.97
Gross Margin	34.10%
Net Profit Margin	5.71%
Debt/Equity Ratio	41.3%

How did MINDACORP perform over the long term?

See historical performance and comparison

Dividends

0.4%

Current Dividend Yield

8%

Payout Ratio

Does MINDACORP pay a reliable dividends?

See MINDACORP dividend history and benchmarks

When do you need to buy MINDACORP by to receive an upcoming dividend?
Minda dividend dates
Ex Dividend Date	Jul 21 2023
Dividend Pay Date	Aug 26 2023
Days until Ex dividend	45 days
Days until Dividend pay date	81 days

Does MINDACORP pay a reliable dividends?

See MINDACORP dividend history and benchmarks

MINDACORP Stock Overview

Rewards

Risk Analysis

Minda Corporation Limited Competitors

BSE:520056

₹86.6b

BSE:532509

₹53.1b

NSEI:SANSERA

₹43.8b

BSE:515030

₹111.9b

Price History & Performance

Recent News & Updates

COO & CEO of Die-Casting Division recently sold ₹932k worth of stock

Minda (NSE:MINDACORP) Has Announced That It Will Be Increasing Its Dividend To ₹0.80

Minda Corporation Limited, Annual General Meeting, Jul 27, 2023

Investor sentiment improves as stock rises 16%

Here's Why We Think Minda (NSE:MINDACORP) Might Deserve Your Attention Today

Pricol Clarifies on Reports Regarding Acquisition of Shares by Minda

Recent updates

COO & CEO of Die-Casting Division recently sold ₹932k worth of stock

Minda (NSE:MINDACORP) Has Announced That It Will Be Increasing Its Dividend To ₹0.80

Minda Corporation Limited, Annual General Meeting, Jul 27, 2023

Investor sentiment improves as stock rises 16%

Here's Why We Think Minda (NSE:MINDACORP) Might Deserve Your Attention Today

Pricol Clarifies on Reports Regarding Acquisition of Shares by Minda

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Minda Corporation Limited Approves Interim Dividend for the Year 2022-2023, Payable on or Before March 9, 2023

Price target increased by 8.8% to ₹291

Minda (NSE:MINDACORP) Seems To Use Debt Quite Sensibly

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Now 21% undervalued after recent price drop

Now 20% undervalued

Minda Corporation Limited (NSE:MINDACORP) Shares Could Be 45% Below Their Intrinsic Value Estimate

Is Minda (NSE:MINDACORP) A Risky Investment?

Spark Minda Forays into Consumer Space with the Launch of Protective Head Gear (Helmets)

Upcoming dividend of ₹0.70 per share

When Should You Buy Minda Corporation Limited (NSE:MINDACORP)?

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Minda Corporation Limited to Report Q3, 2023 Results on Feb 03, 2023

Minda Corporation Limited, Annual General Meeting, Jul 28, 2022

Here's What's Concerning About Minda's (NSE:MINDACORP) Returns On Capital

Investor sentiment improved over the past week

Here's Why Minda (NSE:MINDACORP) Has Caught The Eye Of Investors

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Minda Corporation Limited Recommends Final Dividend for the Year Ended 31 March 2022

Minda Corporation Limited to Report Q4, 2022 Results on May 17, 2022

Investor sentiment deteriorated over the past week

Price target increased to ₹226

Investor sentiment improved over the past week

What Does Minda Corporation Limited's (NSE:MINDACORP) Share Price Indicate?

COO & CEO of Die-Casting Division recently sold ₹2.0m worth of stock

Upcoming dividend of ₹0.30 per share

Third quarter 2022 earnings: EPS and revenues miss analyst expectations

Minda Corporation Limited Appoints Vinod Raheja as Group Chief Risk Officer

Minda Corporation Limited (NSEI:MINDACORP) acquired Spark Minda Green Mobility Systems Private Limited.

Minda Corporation Limited's (NSE:MINDACORP) Intrinsic Value Is Potentially 25% Below Its Share Price

Investor sentiment improved over the past week

Minda Corporation Limited (NSEI:MINDACORP) completed the acquisition of remaining 49% stake in Minda Stoneridge Instruments Ltd. from Stoneridge, Inc. (NYSE:SRI)

Insider recently sold ₹6.2m worth of stock

Insider recently sold ₹582k worth of stock

These 4 Measures Indicate That Minda (NSE:MINDACORP) Is Using Debt Safely

Minda (NSE:MINDACORP) May Have Issues Allocating Its Capital

Second quarter 2022 earnings released: EPS ₹1.66 (vs ₹1.16 in 2Q 2021)

Price target increased to ₹171

Investor sentiment improved over the past week

Price target increased to ₹153

Consensus forecasts updated

First quarter 2022 earnings released: EPS ₹0.30 (vs ₹1.63 loss in 1Q 2021)

Investor sentiment improved over the past week

Minda (NSE:MINDACORP) Seems To Use Debt Quite Sensibly

Upcoming dividend of ₹0.35 per share

Full year 2021 earnings released: EPS ₹4.13 (vs ₹6.09 in FY 2020)

Minda (NSE:MINDACORP) Is Reinvesting At Lower Rates Of Return

Investor sentiment improved over the past week

Full year 2021 earnings released: EPS ₹4.13 (vs ₹8.98 loss in FY 2020)

Price target increased to ₹142

Estimating The Intrinsic Value Of Minda Corporation Limited (NSE:MINDACORP)

Minda Corporation Limited Recommends Final Dividend for the Financial 2021