Minda Corporation Ltd
MINDACORPMinda Corporation Ltd
MINDACORPPrice Chart
Scorecard
Performance
AvgPrice return has been average, nothing exciting
Valuation
HighSeems to be overvalued vs the market average
Growth
AvgFinancials growth has been moderate for a few years
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
48.72 | 6.44 | 0.26% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
39.66 | 6.89 | 0.71% |
Forecast & Ratings
Detailed Forecast from 3 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Minda Corporation is an automotive component and flagship company. It has a diversified product portfolio that encompasses Safety, Security and Restraint Systems; Driver Information and Telematics Systems, and Interior Systems for auto manufacturers.
Peers
Compare with peersÂSamvardhana Motherson International Ltd
Bosch Ltd
UNO Minda Ltd
Schaeffler India Ltd
Sona BLW Precision Forgings Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 2,476.53 | 2,086.60 | 2,622.90 | 3,173.00 | 2,277.70 | 2,401.10 | 3,032.80 | 4,315.90 | 4,666.80 | 4,894.96 | ||||||||||
Raw Materials | 1,513.49 | 1,337.30 | 1,634.10 | 1,892.00 | 1,359.20 | 1,518.50 | 1,862.10 | 2,802.70 | 2,894.20 | 4,316.40 | ||||||||||
Power & Fuel Cost | 40.77 | 39.80 | 50.70 | 62.10 | 46.80 | 48.00 | 59.90 | 81.50 | 85.70 | |||||||||||
Employee Cost | 416.48 | 371.40 | 441.30 | 509.20 | 356.60 | 382.70 | 474.20 | 625.50 | 728.50 | |||||||||||
Selling & Administrative Expenses | 153.22 | 130.80 | 114.10 | 130.10 | 79.50 | 59.60 | 64.60 | 104.80 | 112.10 | |||||||||||
Operating & Other expenses | 94.53 | -11.50 | 77.70 | 204.50 | 468.10 | 179.80 | 219.50 | 222.50 | 315.00 | |||||||||||
EBITDA | 258.04 | 218.80 | 305.00 | 375.10 | -32.50 | 212.50 | 352.50 | 478.90 | 531.30 | 578.56 | ||||||||||
Depreciation/Amortization | 74.46 | 57.70 | 73.80 | 88.30 | 86.60 | 93.60 | 112.00 | 138.10 | 165.80 | 182.50 | ||||||||||
PBIT | 183.58 | 161.10 | 231.20 | 286.80 | -119.10 | 118.90 | 240.50 | 340.80 | 365.50 | 396.06 | ||||||||||
Interest & Other Items | 37.06 | 30.20 | 39.80 | 50.70 | 41.30 | 38.80 | 32.00 | 42.30 | 57.10 | 47.64 | ||||||||||
PBT | 146.52 | 130.90 | 191.40 | 236.10 | -160.40 | 80.10 | 208.50 | 298.50 | 308.40 | 348.42 | ||||||||||
Taxes & Other Items | 39.27 | 28.80 | 48.70 | 66.90 | 39.40 | 27.30 | 16.60 | 14.00 | 81.20 | 86.64 | ||||||||||
Net Income | 107.25 | 102.10 | 142.70 | 169.20 | -199.80 | 52.80 | 191.90 | 284.50 | 227.20 | 261.78 | ||||||||||
EPS | 5.17 | 4.91 | 6.86 | 7.79 | -8.81 | 2.26 | 8.03 | 11.90 | 9.50 | 10.95 | ||||||||||
DPS | 0.50 | 0.50 | 0.60 | 0.70 | 0.35 | 0.65 | 1.00 | 1.20 | 1.40 | 1.40 | ||||||||||
Payout ratio | 0.10 | 0.10 | 0.09 | 0.09 | — | 0.29 | 0.12 | 0.10 | 0.15 | 0.13 |
Company Updates
Annual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFPeers & Comparison
Consumer DiscretionaryAuto Parts
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Minda Corporation Ltd | 56.13 | 6.44 | 0.26% |
Samvardhana Motherson International Ltd | 43.34 | 4.17 | 0.46% |
Bosch Ltd | 42.53 | 8.79 | 1.04% |
UNO Minda Ltd | 69.93 | 11.69 | 0.19% |
Price Comparison
Compare MINDACORP with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Increased Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has increased by 1.55%
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Decreased Mutual Fund Holding
In last 3 months, mutual fund holding of the company has decreased by 1.51%
Top 5 Mutual Funds holding Minda Corporation Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
Quant Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 3.0404% | Percentage of the fund’s portfolio invested in the stock 1.33% | Change in the portfolio weight of the stock over the last 3 months -0.16% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 17/98 (-1) |
Axis Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 2.4909% | Percentage of the fund’s portfolio invested in the stock 1.24% | Change in the portfolio weight of the stock over the last 3 months 0.02% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 19/136 (+24) |
Aditya Birla Sun Life Pure Value Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.5805% | Percentage of the fund’s portfolio invested in the stock 2.95% | Change in the portfolio weight of the stock over the last 3 months -0.29% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 44/87 (0) |
Compare 3-month MF holding change on Screener
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
Increasing Dividends
MINDACORP has increased dividends consistently over the last 5 years
Dividend Yield
Current dividend yield is 0.28%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹2.81 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateAug 7, 2024
Dividend/Share
₹0.90
Ex DateEx Date
Aug 7, 2024
Cash Dividend
Ex DateEx DateFeb 14, 2024
Dividend/Share
₹0.50
Ex DateEx Date
Feb 14, 2024
Cash Dividend
Ex DateEx DateJul 21, 2023
Dividend/Share
₹0.80
Ex DateEx Date
Jul 21, 2023
Cash Dividend
Ex DateEx DateFeb 17, 2023
Dividend/Share
₹0.40
Ex DateEx Date
Feb 17, 2023
Cash Dividend
Ex DateEx DateJul 21, 2022
Dividend/Share
₹0.70
Ex DateEx Date
Jul 21, 2022
Net profit of Minda Corporation rose 26.49% to Rs 74.34 crore in the quarter ended September 2024 as against Rs 58.77 crore during the previous quarter ended September 2023. Sales rose 7.87% to Rs 1290.01 crore in the quarter ended September 2024 as against Rs 1195.84 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1290.011195.84 8 OPM %11.3610.98 - PBDT147.15118.41 24 PBT95.9377.00 25 NP74.3458.77 26 Powered by Capital Market - Live
Minda Corporation will hold a meeting of the Board of Directors of the Company on 12 November 2024Powered by Capital Market - Live
In an exchange filling, the company said that the board of directors has approved the proposal of raising of funds by way of further issuance of securities through public and/or private offerings including preferential issue, qualified institutions placement, further public offer or any of the permissible modes (in one or more tranches), for upto Rs 1,000 crore, subject to approval of the company's shareholders and receipt of applicable regulatory approvals. Minda Corporation is one of the leading automotive component manufacturing companies in India with a pan India presence and significant international footprint. It is the flagship company of Spark Minda, which was part of the erstwhile Minda Group. The company has a diversified customer base including Indian and global original equipment manufacturers and Tier-1 customers. The company's consolidated net profit surged 42% to Rs 64.20 crore in Q1 FY25 as against 45.21 crore posted in Q1 FY24. Revenue from operations jumped 11% YoY to 1,192.39 crore for the quarter eneded 30 June 2024. Powered by Capital Market - Live
Minda Corporation will hold a meeting of the Board of Directors of the Company on 12 September 2024.Powered by Capital Market - Live
This agreement will enhance the product portfolio offering of Minda Corporation in the growing EV industry in the areas of electrical distribution systems (EDS),' the company stated. Under this agreement, Minda Corp & Sanco will locally develop EV connecting systems, charging gun assemblies with sockets and accessories, bus bars, cell contact systems, power distribution units (PDU) and battery distribution units (BDU). The partnership would help Minda Corp to design, develop and manufacture advanced EDS solutions locally for the EV customers in India. This will also strengthen the vertical integration capabilities of the company's wiring harness division, reinforcing its position as a key player in the EV Supply chain ecosystem. Aakash Minda, Executive Director said, 'We are excited to partner with SANCO, a collaboration that marks a significant milestone in our pursuit to deliver comprehensive and customised Electrical Distribution System (EDS) solutions to the EV market. This partnership signifies our shared commitment to offer innovative & sustainable mobility solution for the growing Electric Vehicle industry. By offering new age EV solutions, we will enhance the overall kit value across vehicle segments, with a commitment to achieve successful localization, delivering greater value for our customers.' Minda Corporation is one of the leading automotive component manufacturing companies in India with a pan India presence and significant international footprint. It is the flagship company of Spark Minda, which was part of the erstwhile Minda Group. The company has a diversified customer base including Indian and global original equipment manufacturers and Tier-1 customers. The company had reported 42% rise in consolidated net profit to Rs 64.20 crore on a 10.97% increase in sales to Rs 1,192.39 crore in Q1 FY25 as compared with Q1 FY24. The scrip rose 0.54% to currently trade at Rs 573.95 on the BSE. Powered by Capital Market - Live
Reliance Power Ltd, Power Mech Projects Ltd, Kirloskar Ferrous Industries Ltd and Polyplex Corporation Ltd are among the other losers in the BSE's 'A' group today, 27 August 2024.Minda Corporation Ltd tumbled 5.54% to Rs 597.15 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 48760 shares were traded on the counter so far as against the average daily volumes of 55600 shares in the past one month.Reliance Power Ltd crashed 4.98% to Rs 31.1. The stock was the second biggest loser in 'A' group.On the BSE, 19.05 lakh shares were traded on the counter so far as against the average daily volumes of 135.82 lakh shares in the past one month.Power Mech Projects Ltd lost 4.05% to Rs 6729. The stock was the third biggest loser in 'A' group.On the BSE, 11938 shares were traded on the counter so far as against the average daily volumes of 6660 shares in the past one month.Kirloskar Ferrous Industries Ltd plummeted 3.53% to Rs 670. The stock was the fourth biggest loser in 'A' group.On the BSE, 81160 shares were traded on the counter so far as against the average daily volumes of 78397 shares in the past one month.Polyplex Corporation Ltd slipped 3.35% to Rs 1262.3. The stock was the fifth biggest loser in 'A' group.On the BSE, 16908 shares were traded on the counter so far as against the average daily volumes of 53769 shares in the past one month.Powered by Capital Market - Live
Vardhman Textiles Ltd, Tata Technologies Ltd, Railtel Corporation of India Ltd, Prism Johnson Ltd are among the other stocks to see a surge in volumes on NSE today, 23 August 2024.Minda Corporation Ltd recorded volume of 88.49 lakh shares by 14:14 IST on NSE, a 27.08 times surge over two-week average daily volume of 3.27 lakh shares. The stock gained 11.61% to Rs.600.50. Volumes stood at 5.08 lakh shares in the last session.Vardhman Textiles Ltd notched up volume of 37.83 lakh shares by 14:14 IST on NSE, a 18.52 fold spurt over two-week average daily volume of 2.04 lakh shares. The stock rose 4.66% to Rs.506.55. Volumes stood at 3.12 lakh shares in the last session.Tata Technologies Ltd saw volume of 137.62 lakh shares by 14:14 IST on NSE, a 7.45 fold spurt over two-week average daily volume of 18.46 lakh shares. The stock increased 2.63% to Rs.1,033.70. Volumes stood at 35.84 lakh shares in the last session.Railtel Corporation of India Ltd registered volume of 175.12 lakh shares by 14:14 IST on NSE, a 6.9 fold spurt over two-week average daily volume of 25.39 lakh shares. The stock rose 5.05% to Rs.495.50. Volumes stood at 13.48 lakh shares in the last session.Prism Johnson Ltd notched up volume of 23.44 lakh shares by 14:14 IST on NSE, a 6.65 fold spurt over two-week average daily volume of 3.53 lakh shares. The stock rose 3.33% to Rs.166.77. Volumes stood at 2.88 lakh shares in the last session.Powered by Capital Market - Live
Net profit of Minda Corporation rose 42.00% to Rs 64.20 crore in the quarter ended June 2024 as against Rs 45.21 crore during the previous quarter ended June 2023. Sales rose 10.97% to Rs 1192.39 crore in the quarter ended June 2024 as against Rs 1074.51 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales1192.391074.51 11 OPM %11.0510.67 - PBDT130.36102.46 27 PBT84.4463.43 33 NP64.2045.21 42 Powered by Capital Market - Live
Minda Corporation will hold a meeting of the Board of Directors of the Company on 8 August 2024.Powered by Capital Market - Live
Minda Corpo inks JV agreement with HCMF for automotive sunroof solutions and closure systems
Lower than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 8.02%, vs industry avg of 8.46%
Decreasing Market Share
Over the last 5 years, market share decreased from 1.45% to 1.44%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 6.07%, vs industry avg of 10.9%