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MIND

Minda NSEI:MINDACORP Stock Report

Last Price

₹196.70

Market Cap

₹47.0b

7D

17.3%

1Y

53.4%

Updated

29 Jun, 2022

Data

Company Financials +
MINDACORP fundamental analysis
Snowflake Score
Valuation3/6
Future Growth5/6
Past Performance4/6
Financial Health6/6
Dividends4/6

MINDACORP Stock Overview

Minda Corporation Limited manufactures and sells automobile components and parts.

Minda Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Minda
Historical stock prices
Current Share Price₹196.70
52 Week High₹287.00
52 Week Low₹114.35
Beta0.88
1 Month Change-1.50%
3 Month Change-4.88%
1 Year Change53.43%
3 Year Change83.23%
5 Year Change72.17%
Change since IPO4,062.96%

Recent News & Updates

Jun 30
Here's What's Concerning About Minda's (NSE:MINDACORP) Returns On Capital

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...

Jun 18
Here's Why Minda (NSE:MINDACORP) Has Caught The Eye Of Investors

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...

Shareholder Returns

MINDACORPIN Auto ComponentsIN Market
7D17.3%7.7%3.0%
1Y53.4%-5.8%0.3%

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.

Price Volatility

Is MINDACORP's price volatile compared to industry and market?
MINDACORP volatility
MINDACORP Average Weekly Movement7.9%
Auto Components Industry Average Movement6.1%
Market Average Movement7.0%
10% most volatile stocks in IN Market9.9%
10% least volatile stocks in IN Market4.5%

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

FoundedEmployeesCEOWebsite
19583,066Ashok Mindahttps://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; speed and exhaust gas temperature sensors; and various technology and IoT solutions.

Minda Fundamentals Summary

How do Minda's earnings and revenue compare to its market cap?
MINDACORP fundamental statistics
Market Cap₹47.02b
Earnings (TTM)₹1.92b
Revenue (TTM)₹29.76b

24.5x

P/E Ratio

1.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MINDACORP income statement (TTM)
Revenue₹29.76b
Cost of Revenue₹18.76b
Gross Profit₹11.00b
Other Expenses₹9.08b
Earnings₹1.92b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)8.03
Gross Margin36.97%
Net Profit Margin6.45%
Debt/Equity Ratio29.4%

How did MINDACORP perform over the long term?

See historical performance and comparison

Dividends

0.5%

Current Dividend Yield

12%

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 DateJul 21 2022
Dividend Pay DateAug 27 2022
Days until Ex dividend21 days
Days until Dividend pay date58 days

Does MINDACORP pay a reliable dividends?

See MINDACORP dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is MINDACORP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

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

  • PEG Ratio

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.

MINDACORP key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.6x
Enterprise Value/EBITDA16.5x
PEG Ratio1.1x

Price to Earnings Ratio vs Peers

How does MINDACORP's PE Ratio compare to its peers?

MINDACORP PE Ratio vs Peers
The above table shows the PE ratio for MINDACORP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average25.6x
532509 Suprajit Engineering
26.7x19.7%₹46.2b
SANSERA Sansera Engineering
27.1x33.6%₹35.4b
532605 JBM Auto
32.6x29.0%₹50.9b
532756 Mahindra CIE Automotive
16.2x18.0%₹87.9b
MINDACORP Minda
24.5x21.8%₹47.0b

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.

MINDACORP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio24.5x
Fair PE Ratio31.7x

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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Future Growth

How is Minda forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


21.8%

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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Past Performance

How has Minda performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-11.2%

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

Financial Health

How is Minda's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

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).


Balance Sheet


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Dividend

What is Minda current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


0.51%

Current Dividend Yield

Upcoming Dividend Payment

TodayJun 30 2022Ex Dividend DateJul 21 2022Dividend Pay DateAug 27 202237 days from Ex DividendBuy in the next 21 days to receive the upcoming dividend

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

Management

How experienced are the management team and are they aligned to shareholders interests?

2.1yrs

Average management tenure


CEO

Ashok Minda (60 yo)

no data

Tenure

₹49,767,000

Compensation

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.


Leadership Team

Experienced Management: MINDACORP's management team is considered experienced (2.1 years average tenure).


Board Members

Experienced Board: MINDACORP's board of directors are considered experienced (6.6 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Minda Corporation Limited's employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Minda Corporation Limited
  • D-6-11, Sector-59
  • Gautam Budh Nagar
  • Noida
  • Uttar Pradesh
  • 201301
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/29 00:00
End of Day Share Price2022/06/29 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


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.