Minda Corporation Limited

NSEI:MINDACORP Stock Report

Market Cap: ₹114.0b

Minda Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

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 (₹484.35) is trading above our estimate of fair value (₹215.8)

Significantly Below Fair Value: MINDACORP is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MINDACORP?

Key metric: As MINDACORP is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for MINDACORP. This is calculated by dividing MINDACORP's market cap by their current earnings.
What is MINDACORP's PE Ratio?
PE Ratio43.5x
Earnings₹2.62b
Market Cap₹113.96b

Price to Earnings Ratio vs Peers

How does MINDACORP's PE Ratio compare to its 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.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average52.1x
SHRIPISTON Shriram Pistons & Rings
19.1x14.3%₹89.3b
SANSERA Sansera Engineering
47.2x27.0%₹91.7b
515030 Asahi India Glass
51.3xn/a₹159.5b
532605 JBM Auto
91xn/a₹170.4b
MINDACORP Minda
43.5x23.1%₹114.0b

Price-To-Earnings vs Peers: MINDACORP is good value based on its Price-To-Earnings Ratio (43.5x) compared to the peer average (52.1x).

Price to Earnings Ratio vs Industry

How does MINDACORP's PE Ratio compare vs other companies in the IN Auto Components Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
513262 Steel Strips Wheels
4.9x-31.3%US$384.13m
INNOVATIVE Innovative Tyres & Tubes
0.3xn/aUS$1.22m
505100 India Radiators
0.8xn/aUS$94.67k
523415 Coventry Coil-O-Matic (Haryana)
0.9xn/aUS$88.40k
No more companies available in this PE range
MINDACORP 43.5xIndustry Avg. 30.9xNo. of Companies16PE020406080100+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MINDACORP is expensive based on its Price-To-Earnings Ratio (43.5x) compared to the Indian Auto Components industry average (30.4x).

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 Ratio43.5x
Fair PE Ratio35.6x

Price-To-Earnings vs Fair Ratio: MINDACORP is expensive based on its Price-To-Earnings Ratio (43.5x) compared to the estimated Fair Price-To-Earnings Ratio (35.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst MINDACORP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹484.35
₹568.00
+17.3%
1.9%₹580.00₹554.00n/a3
Nov ’25₹518.75
₹553.00
+6.6%
4.8%₹585.00₹520.00n/a3
Oct ’25₹612.60
₹553.00
-9.7%
4.8%₹585.00₹520.00n/a3
Sep ’25₹567.95
₹527.25
-7.2%
9.5%₹585.00₹450.00n/a4
Aug ’25₹514.95
₹475.75
-7.6%
11.7%₹570.00₹425.00n/a4
Jul ’25₹496.45
₹465.75
-6.2%
8.4%₹530.00₹425.00n/a4
Jun ’25₹425.35
₹465.75
+9.5%
8.4%₹530.00₹425.00n/a4
May ’25₹408.05
₹473.00
+15.9%
8.4%₹530.00₹425.00n/a4
Apr ’25₹417.45
₹478.00
+14.5%
9.8%₹550.00₹425.00n/a4
Mar ’25₹424.45
₹436.60
+2.9%
21.3%₹550.00₹271.00n/a5
Feb ’25₹405.55
₹396.20
-2.3%
22.5%₹550.00₹271.00n/a5
Jan ’25₹385.25
₹357.75
-7.1%
14.2%₹400.00₹271.00n/a4
Dec ’24₹366.60
₹357.75
-2.4%
14.2%₹400.00₹271.00n/a4
Nov ’24₹339.20
₹330.25
-2.6%
11.3%₹370.00₹271.00₹518.754
Oct ’24₹333.00
₹310.20
-6.8%
16.8%₹370.00₹230.00₹612.605
Sep ’24₹345.25
₹310.20
-10.2%
16.8%₹370.00₹230.00₹567.955
Aug ’24₹303.70
₹294.00
-3.2%
12.8%₹348.00₹230.00₹514.955
Jul ’24₹282.50
₹294.00
+4.1%
12.8%₹348.00₹230.00₹496.455
Jun ’24₹282.90
₹294.00
+3.9%
12.8%₹348.00₹230.00₹425.355
May ’24₹282.90
₹277.40
-1.9%
9.8%₹300.00₹230.00₹408.055
Apr ’24₹215.15
₹277.40
+28.9%
9.8%₹300.00₹230.00₹417.455
Mar ’24₹205.80
₹277.40
+34.8%
9.8%₹300.00₹230.00₹424.455
Feb ’24₹215.75
₹290.50
+34.6%
4.3%₹300.00₹269.00₹405.554
Jan ’24₹204.55
₹283.40
+38.5%
5.7%₹300.00₹260.00₹385.255
Dec ’23₹212.35
₹271.50
+27.9%
11.2%₹300.00₹212.00₹366.606
Nov ’23₹190.00
₹267.00
+40.5%
10.5%₹300.00₹212.00₹339.206

Analyst Forecast: Target price is less than 20% higher than the current share price.

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