Minda Future Growth

Future criteria checks 4/6

Minda is forecast to grow earnings and revenue by 22.6% and 15.3% per annum respectively. EPS is expected to grow by 22.8% per annum. Return on equity is forecast to be 16.1% in 3 years.

Key information

22.6%

Earnings growth rate

22.8%

EPS growth rate

Auto Components earnings growth	20.7%
Revenue growth rate	15.3%
Future return on equity	16.1%
Analyst coverage	Low
Last updated	08 Apr 2024

Recent future growth updates

Revenue Miss: Minda Corporation Limited Fell 5.1% Short Of Analyst Revenue Estimates And Analysts Have Been Revising Their Models

Feb 04

Recent updates

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

Mar 27

Minda's (NSE:MINDACORP) Dividend Will Be ₹0.50

Feb 08

Revenue Miss: Minda Corporation Limited Fell 5.1% Short Of Analyst Revenue Estimates And Analysts Have Been Revising Their Models

Feb 04

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

Jan 16

Minda Corporation Limited's (NSE:MINDACORP) Price Is Out Of Tune With Earnings

Dec 20

If EPS Growth Is Important To You, Minda (NSE:MINDACORP) Presents An Opportunity

Oct 12

Minda's (NSE:MINDACORP) Shareholders Will Receive A Bigger Dividend Than Last Year

Jul 08

Minda's (NSE:MINDACORP) Dividend Will Be Increased To ₹0.80

Jun 24

Minda (NSE:MINDACORP) Is Increasing Its Dividend To ₹0.80

Jun 10

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

Earnings and Revenue Growth Forecasts

NSEI:MINDACORP - Analysts future estimates and past financials data (INR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
3/31/2026	63,277	4,182	1,490	N/A	4
3/31/2025	54,299	3,255	1,010	N/A	4
3/31/2024	46,947	2,278	3,193	N/A	3
12/31/2023	45,107	2,784	N/A	N/A	N/A
9/30/2023	44,132	2,782	1,255	4,169	N/A
6/30/2023	43,644	2,772	N/A	N/A	N/A
3/31/2023	43,001	2,845	1,367	3,874	N/A
12/31/2022	41,733	2,384	N/A	N/A	N/A
9/30/2022	38,433	2,560	103	1,775	N/A
6/30/2022	34,275	2,373	N/A	N/A	N/A
3/31/2022	29,759	1,919	583	1,668	N/A
12/31/2021	28,222	1,706	N/A	N/A	N/A
9/30/2021	28,237	1,502	-527	759	N/A
6/30/2021	27,486	1,370	N/A	N/A	N/A
3/31/2021	23,679	935	-495	855	N/A
12/31/2020	27,008	-2,795	N/A	N/A	N/A
9/30/2020	25,046	-2,844	1,792	3,084	N/A
6/30/2020	24,070	-2,671	N/A	N/A	N/A
3/31/2020	22,226	1,356	3,020	4,504	N/A
12/31/2019	28,866	1,419	N/A	N/A	N/A
9/30/2019	29,842	1,450	2,576	3,891	N/A
6/30/2019	30,220	1,524	N/A	N/A	N/A
3/31/2019	30,920	1,692	893	2,094	N/A
12/31/2018	30,412	1,671	N/A	N/A	N/A
9/30/2018	29,083	1,588	N/A	N/A	N/A
6/30/2018	27,900	1,562	N/A	N/A	N/A
3/31/2018	25,935	1,427	-1,257	699	N/A
12/31/2017	32,727	1,132	N/A	N/A	N/A
9/30/2017	31,447	967	N/A	N/A	N/A
6/30/2017	30,374	936	N/A	N/A	N/A
3/31/2017	20,598	1,021	N/A	484	N/A
12/31/2016	28,409	1,034	N/A	N/A	N/A
9/30/2016	27,744	1,149	N/A	N/A	N/A
6/30/2016	26,129	1,119	N/A	N/A	N/A
3/31/2016	24,410	1,073	N/A	2,258	N/A
12/31/2015	23,062	1,072	N/A	N/A	N/A
9/30/2015	21,856	996	N/A	N/A	N/A
6/30/2015	20,404	924	N/A	N/A	N/A
3/31/2015	19,842	894	N/A	3,042	N/A
12/31/2014	19,371	1,091	N/A	N/A	N/A
9/30/2014	18,007	976	N/A	N/A	N/A
6/30/2014	17,005	875	N/A	N/A	N/A
3/31/2014	15,823	846	N/A	-177	N/A
12/31/2013	18,093	259	N/A	N/A	N/A
9/30/2013	19,214	188	N/A	N/A	N/A
6/30/2013	20,121	101	N/A	N/A	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MINDACORP's forecast earnings growth (22.6% per year) is above the savings rate (6.7%).

Earnings vs Market: MINDACORP's earnings (22.6% per year) are forecast to grow faster than the Indian market (18% per year).

High Growth Earnings: MINDACORP's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MINDACORP's revenue (15.3% per year) is forecast to grow faster than the Indian market (10.3% per year).

High Growth Revenue: MINDACORP's revenue (15.3% per year) is forecast to grow slower 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 (16.1%).

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Minda Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Price target increased by 10% to ₹437

Revenue Miss: Minda Corporation Limited Fell 5.1% Short Of Analyst Revenue Estimates And Analysts Have Been Revising Their Models

Price target increased by 13% to ₹396

Price target increased by 8.3% to ₹358

Price target increased by 9.1% to ₹338

Price target increased by 7.8% to ₹308

Recent updates

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

Group CFO & Group Chief Risk Officer recently sold ₹2.8m worth of stock

Group CFO & Group Chief Risk Officer recently sold ₹867k worth of stock

Minda Corporation Limited Declares Interim Dividend

Price target increased by 10% to ₹437

Minda's (NSE:MINDACORP) Dividend Will Be ₹0.50

Minda Corporation Limited Appoints Deepak Arora as CEO BV-II (Wiring Harness Division)

Upcoming dividend of ₹0.50 per share at 0.4% yield

Revenue Miss: Minda Corporation Limited Fell 5.1% Short Of Analyst Revenue Estimates And Analysts Have Been Revising Their Models

Dividend increased to ₹0.50

Third quarter 2024 earnings released: EPS: ₹2.23 (vs ₹2.22 in 3Q 2023)

Minda Corporation Limited to Report Q3, 2024 Results on Feb 01, 2024

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

Price target increased by 13% to ₹396

Insufficient new directors

Minda Corporation Limited's (NSE:MINDACORP) Price Is Out Of Tune With Earnings

Group CFO & Group Chief Risk Officer recently sold ₹5.7m worth of stock

Price target increased by 8.3% to ₹358

Price target increased by 9.1% to ₹338

Second quarter 2024 earnings released: EPS: ₹2.50 (vs ₹2.46 in 2Q 2023)

Minda Corporation Limited to Report Q2, 2024 Results on Nov 02, 2023

If EPS Growth Is Important To You, Minda (NSE:MINDACORP) Presents An Opportunity

Executive Chairman & Group CEO recently bought ₹96m worth of stock

Executive Director recently sold ₹1.6m worth of stock

First quarter 2024 earnings: EPS and revenues miss analyst expectations

Price target increased by 7.8% to ₹308

Minda Corporation Limited Approves Appointment of Neeraj Sharma as Group Chief Marketing Officer

Upcoming dividend of ₹0.80 per share at 0.4% yield

Minda's (NSE:MINDACORP) Shareholders Will Receive A Bigger Dividend Than Last Year

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Minda's (NSE:MINDACORP) Dividend Will Be Increased To ₹0.80

COO & CEO of Die-Casting Division recently sold ₹1.5m worth of stock

Minda (NSE:MINDACORP) Is Increasing Its Dividend To ₹0.80

Minda Corporation Limited Announces Resignation of Ravi Sud as Non-Executive, Non-Independent Director

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