Stock Analysis
Minda (NSE:MINDACORP) Full Year 2024 Results
Key Financial Results
- Revenue: ₹46.7b (up 8.5% from FY 2023).
- Net income: ₹2.27b (down 20% from FY 2023).
- Profit margin: 4.9% (down from 6.6% in FY 2023). The decrease in margin was driven by higher expenses.
- EPS: ₹9.65 (down from ₹12.10 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Minda Meets Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.
Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 9.9% growth forecast for the Auto Components industry in India.
Performance of the Indian Auto Components industry.
The company's shares are down 1.4% from a week ago.
Risk Analysis
Before you take the next step you should know about the 1 warning sign for Minda that we have uncovered.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NSEI:MINDACORP
Minda
Manufactures and assembles safety and security systems, and its associated components for the automotive industry in India, rest of Asia, the Americas, and Europe.
Flawless balance sheet with reasonable growth potential.