Minda Corporation Limited

NSEI:MINDACORP Stock Report

Market Cap: ₹95.2b

Minda Balance Sheet Health

Financial Health criteria checks 6/6

Minda has a total shareholder equity of ₹18.8B and total debt of ₹7.6B, which brings its debt-to-equity ratio to 40.8%. Its total assets and total liabilities are ₹36.1B and ₹17.3B respectively. Minda's EBIT is ₹3.4B making its interest coverage ratio 8.8. It has cash and short-term investments of ₹1.3B.

Key information

40.8%

Debt to equity ratio

₹7.65b

Debt

Interest coverage ratio8.8x
Cash₹1.29b
Equity₹18.77b
Total liabilities₹17.29b
Total assets₹36.06b

Recent financial health updates

Recent updates

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

Feb 08
Minda's (NSE:MINDACORP) Dividend Will Be ₹0.50

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

Feb 04
Revenue Miss: Minda Corporation Limited Fell 5.1% Short Of Analyst Revenue Estimates And Analysts Have Been Revising Their Models

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

Jan 16
These 4 Measures Indicate That Minda (NSE:MINDACORP) Is Using Debt Reasonably Well

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

Dec 20
Minda Corporation Limited's (NSE:MINDACORP) Price Is Out Of Tune With Earnings

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

Oct 12
If EPS Growth Is Important To You, Minda (NSE:MINDACORP) Presents An Opportunity

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

Jul 08
Minda's (NSE:MINDACORP) Shareholders Will Receive A Bigger Dividend Than Last Year

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

Jun 24
Minda's (NSE:MINDACORP) Dividend Will Be Increased To ₹0.80

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

Jun 10
Minda (NSE:MINDACORP) Is Increasing Its Dividend To ₹0.80

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

May 22
Minda (NSE:MINDACORP) Has Announced That It Will Be Increasing Its Dividend To ₹0.80

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

Mar 28
Here's Why We Think Minda (NSE:MINDACORP) Might Deserve Your Attention Today

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

Dec 03
Minda (NSE:MINDACORP) Seems To Use Debt Quite Sensibly

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

Aug 17
Minda Corporation Limited (NSE:MINDACORP) Shares Could Be 45% Below Their Intrinsic Value Estimate

Is Minda (NSE:MINDACORP) A Risky Investment?

Aug 03
Is Minda (NSE:MINDACORP) A Risky Investment?

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

Jul 14
When Should You Buy Minda Corporation Limited (NSE:MINDACORP)?

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

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

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

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

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

Apr 07
What Does Minda Corporation Limited's (NSE:MINDACORP) Share Price Indicate?

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

Jan 08
Minda Corporation Limited's (NSE:MINDACORP) Intrinsic Value Is Potentially 25% Below Its Share Price

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

Dec 21
These 4 Measures Indicate That Minda (NSE:MINDACORP) Is Using Debt Safely

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

Nov 22
Minda (NSE:MINDACORP) May Have Issues Allocating Its Capital

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

Jul 15
Minda (NSE:MINDACORP) Seems To Use Debt Quite Sensibly

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

Jun 14
Minda (NSE:MINDACORP) Is Reinvesting At Lower Rates Of Return

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

May 21
Estimating The Intrinsic Value Of Minda Corporation Limited (NSE:MINDACORP)

Financial Position Analysis

Short Term Liabilities: MINDACORP's short term assets (₹16.7B) exceed its short term liabilities (₹13.4B).

Long Term Liabilities: MINDACORP's short term assets (₹16.7B) exceed its long term liabilities (₹3.9B).


Debt to Equity History and Analysis

Debt Level: MINDACORP's net debt to equity ratio (33.9%) is considered satisfactory.

Reducing Debt: MINDACORP's debt to equity ratio has reduced from 49.6% to 40.8% over the past 5 years.

Debt Coverage: MINDACORP's debt is well covered by operating cash flow (54.5%).

Interest Coverage: MINDACORP's interest payments on its debt are well covered by EBIT (8.8x coverage).


Balance Sheet


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