Minda Corporation Limited

NSEI:MINDACORP Stock Report

Market Cap: ₹96.4b

Minda Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Ashok Minda

Chief executive officer

₹82.0m

Total compensation

CEO salary percentage37.0%
CEO tenure36.8yrs
CEO ownership49.0%
Management average tenure2.2yrs
Board average tenure3.4yrs

Recent management updates

Recent updates

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

Mar 27
What Does Minda Corporation Limited's (NSE:MINDACORP) Share Price Indicate?

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

CEO Compensation Analysis

How has Ashok Minda's remuneration changed compared to Minda's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2023n/an/a

₹3b

Sep 30 2023n/an/a

₹3b

Jun 30 2023n/an/a

₹3b

Mar 31 2023₹82m₹30m

₹3b

Dec 31 2022n/an/a

₹2b

Sep 30 2022n/an/a

₹3b

Jun 30 2022n/an/a

₹2b

Mar 31 2022₹78m₹27m

₹2b

Dec 31 2021n/an/a

₹2b

Sep 30 2021n/an/a

₹2b

Jun 30 2021n/an/a

₹1b

Mar 31 2021₹50m₹23m

₹935m

Dec 31 2020n/an/a

-₹3b

Sep 30 2020n/an/a

-₹3b

Jun 30 2020n/an/a

-₹3b

Mar 31 2020₹34m₹26m

₹1b

Dec 31 2019n/an/a

₹1b

Sep 30 2019n/an/a

₹1b

Jun 30 2019n/an/a

₹2b

Mar 31 2019₹48m₹16m

₹2b

Dec 31 2018n/an/a

₹2b

Sep 30 2018n/an/a

₹2b

Jun 30 2018n/an/a

₹2b

Mar 31 2018₹44m₹23m

₹1b

Compensation vs Market: Ashok's total compensation ($USD983.79K) is above average for companies of similar size in the Indian market ($USD381.60K).

Compensation vs Earnings: Ashok's compensation has been consistent with company performance over the past year.

CEO

Ashok Minda (62 yo)

36.8yrs

Tenure

₹81,962,000

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...

Leadership Team

NamePositionTenureCompensationOwnership
Ashok Minda
Executive Chairman & Group CEOno data₹81.96m48.98%
₹ 47.2b
Vinod Raheja
Group CFO & Group Chief Risk Officer2.2yrs₹19.00m0%
₹ 0
Ashim Vohra
COO & CEO of Die-Casting Divisionno data₹15.00m0.032%
₹ 31.2m
Pardeep Mann
Company Secretary & Compliance Officer3.7yrs₹4.00mno data
Aakash Minda
Executive Director of Group Finance & Strategyno data₹19.13mno data
Naresh Modi
Executive Directorno data₹14.59m0.062%
₹ 59.5m
D. Suresh
Group CTO & CEO of Spark Minda Technical Centreno datano datano data
Bikash Dugar
Lead of Investor Relationsno datano datano data
Subhalaxmi Das
Group Head of Corporate Communication & Press Releaseno datano datano data
Neeraj Sharma
Group Chief Marketing Officerless than a yearno datano data
Ajay Singhroha
Group Chief Human Resources Officerno datano datano data
Sumit Doseja
Chief Executive Officer of Information & Connected Systemno datano datano data

2.2yrs

Average Tenure

53.5yo

Average Age

Experienced Management: MINDACORP's management team is considered experienced (2.2 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Ashok Minda
Executive Chairman & Group CEO36.8yrs₹81.96m48.98%
₹ 47.2b
Aakash Minda
Executive Director of Group Finance & Strategy3.4yrs₹19.13mno data
Naresh Modi
Executive Director3.3yrs₹14.59m0.062%
₹ 59.5m
Ravi Sud
Independent Directorless than a yearno data0.0085%
₹ 8.2m
Pratima Ram
Independent Non-Executive Director7.4yrs₹1.27mno data
Ashok Jha
Independent Non-Executive Director9.4yrs₹1.57mno data
Gajanan Gandhe
Additional Independent Directorless than a yearno datano data

3.4yrs

Average Tenure

62yo

Average Age

Experienced Board: MINDACORP's board of directors are considered experienced (3.4 years average tenure).

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