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Minda Corporation share price

Minda Corporation Ltd.

NSE: MINDACORP BSE: 538962 SECTOR: Auto Ancillary  128k   547   61

528.25
+8.05 (1.55%)
BSE: 06 Nov 04:01 PM

Price Summary

Today's High

₹ 537.4

Today's Low

₹ 520.35

52 Week High

₹ 652.9

52 Week Low

₹ 334.6

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyOptimal
The company could improve upon its asset employment.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

12629.37 Cr.

Enterprise Value

12876.67 Cr.

No. of Shares

23.91 Cr.

P/E

61.54

P/B

7.06

Face Value

₹ 2

Div. Yield

0.27 %

Book Value (TTM)

₹  74.79

CASH

115.9 Cr.

DEBT

363.2 Cr.

Promoter Holding

64.84 %

EPS (TTM)

₹  8.58

Sales Growth

10.08%

ROE

12.1 %

ROCE

15.53%

Profit Growth

-21.65 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Track the companies of Group.

Ratios

Sales Growth

1 Year10.08%
3 Year18.87%
5 Year10.15%

Profit Growth

1 Year-21.65%
3 Year31.08%
5 Year3.26%

ROE%

1 Year12.1%
3 Year15.19%
5 Year6.06%

ROCE %

1 Year15.53%
3 Year14.73%
5 Year8.74%

Debt/Equity

0.2092

Price to Cash Flow

52.14

Interest Cover Ratio

5.6732

CFO/PAT (5 Yr. Avg.)

2.63417457744848

Shareholding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 64.84 0.00
Jun 2024 64.84 0.00
Mar 2024 64.84 0.00
Dec 2023 64.84 0.00
Sep 2023 64.84 0.00
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 31.0776456436749% for the Past 3 years.
  • The company has shown a good revenue growth of 18.8711842508132% for the Past 3 years.
  • The company has significantly decreased its debt by 219.7 Cr.
  • The company has an efficient Cash Conversion Cycle of 4.62270000000001 days.
  • The company has a good cash flow management; CFO/PAT stands at 2.63417457744848.
  • The company has a high promoter holding of 64.84%.

 Limitations

  • The company is trading at a high PE of 61.54.

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
Net Sales 880.45 990.44 969.01 1004.6 966.98
Total Expenditure 789.44 879.27 856.08 882.7 858.54
Operating Profit 91.01 111.17 112.93 121.9 108.44
Other Income 1.83 1.84 1.9 8.67 8.71
Interest 14.19 14.83 13.92 11.92 9.58
Depreciation 31.87 33.96 34.21 36.07 38.04
Exceptional Items 0 0 0 0 0
Profit Before Tax 46.78 64.22 66.7 82.58 69.53
Tax 11.94 16.45 22.38 21.04 17.93
Profit After Tax 34.84 47.77 44.32 61.54 51.6
Adjusted EPS (Rs) 1.46 2 1.85 2.57 2.16

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 2130.5 2288.8 2734.8 3492.4 3844.5
Total Expenditure 1889.1 2077.3 2468.9 3134.1 3406.6
Operating Profit 241.4 211.5 265.9 358.3 437.9
Other Income 47.9 30.3 46.3 41.9 14.2
Interest 41.2 38.6 31.4 40.2 55.7
Depreciation 82.3 89.7 102.8 110 136.1
Exceptional Items -366.6 0 0 -25 0
Profit Before Tax -200.8 113.5 178 225 260.3
Tax 40.3 29.8 17.8 -15.6 71.8
Net Profit -241.1 83.7 160.2 240.6 188.5
Adjusted EPS (Rs.) -10.62 3.5 6.7 10.07 7.89

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 45.4 47.8 47.8 47.8 47.8
Total Reserves 820.9 978.9 1125 1336.3 1690.4
Borrowings 115 93.3 84.8 171.6 136.7
Other N/C liabilities 68.3 57.7 108.5 138.6 180.9
Current liabilities 816.7 1023.1 871.5 1133.1 945.7
Total Liabilities 1866.3 2200.8 2237.6 2827.4 3001.5
Assets
Net Block 532.1 574.7 646.5 785.6 948.7
Capital WIP 27.5 17.5 18.1 71.2 25.7
Intangible WIP 0 0 0 0 5.6
Investments 149.9 150.5 326.6 703.5 307.2
Loans & Advances 34.2 38.8 42.6 52.3 104.5
Other N/C Assets 10.7 9.6 6.8 0.8 2.4
Current Assets 1111.9 1409.7 1197 1214 1607.4
Total Assets 1866.3 2200.8 2237.6 2827.4 3001.5
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations -200.8 113.5 178 225 260.3
Adjustment 444.4 88 97.8 137.8 180.2
Changes in Assets & Liabilities 100.7 -96.9 -94 23.2 -113.9
Tax Paid -48.7 -19.4 -41.9 -11.2 -84.4
Operating Cash Flow 295.6 85.2 139.9 374.8 242.2
Investing Cash Flow -148.9 -258.7 26.8 -452.2 143.7
Financing Cash Flow -134.5 172.4 -159.8 108.2 -354.5
Net Cash Flow 12.2 -1.1 6.9 30.8 31.4

Corporate Actions

Investors Details

PARTICULARS Sep 2023% Dec 2023% Mar 2024% Jun 2024% Sep 2024%
promoters 64.84 64.84 64.84 64.84 64.84
ashok minda 34.19 34.19 34.19 34.19 34.19
minda capital private lim... 16.14 16.14 16.14 16.14 16.14
sarika minda 13.97 13.97 13.97 13.97 13.97
whiteline barter limited 0.55 0.55 0.55 0.55 0.55
PARTICULARS Sep 2023% Dec 2023% Mar 2024% Jun 2024% Sep 2024%
investors 35.16 35.16 35.16 35.16 35.16
aditya birla sun life tru... 2.02 2.27 2.41 2.41 2.41
axis mutual fund trustee ... 4.48 5.58 5.73 5.73 5.62
investor education and pr... - - - 0.02 0.02
kotak funds - india midca... - - - 2.72 2.92
kotak mahindra life insur... - 1.29 1.32 1.33 1.35
kotak small cap fund - - 1.90 1.90 1.80
mahindra manulife mid cap... - - 1.06 1.12 1.12
quant mutual fund - quant... 1.42 2.65 2.80 2.80 2.80
motilal oswal flexi cap f... - - 1.84 1.65 -
investor education and pr... 0.02 0.02 0.02 - -
max life insurance compan... - - 1.05 - -
bela agarwal 4.54 4.54 - - -
employees benefit trust (... 1.65 1.62 - - -
icici prudential transpor... 2.51 1.48 - - -

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

Minda Corporation informs about board meeting 4 Nov 2024, 1:07PM Minda Corporation informs about certificate of reconciliation of share capital audit 19 Oct 2024, 2:30PM Minda Corporation informs about board meeting9 Sep 2024, 5:16PM Minda Corporation inks TLA agreement with Sanco Connecting Technology 4 Sep 2024, 12:12PM Minda Corporation informs about disclosure 4 Sep 2024, 11:36AM Minda Corporation - Quaterly Results8 Aug 2024, 2:19PM Minda Corporation - Quaterly Results8 Aug 2024, 2:19PM Minda Corporation - Quaterly Results8 Aug 2024, 2:19PM Minda Corporation informs about compliances-certificate4 Jul 2024, 4:35PM Minda Corporation informs about closure of trading window 27 Jun 2024, 2:38PM Minda Corporation inks JV agreement with HSIN Chong Machinery Works14 Jun 2024, 3:45PM Minda Corporation informs about newspaper clippings14 Jun 2024, 2:22PM Minda Corporation informs about compliance report23 May 2024, 2:16PM Minda Corporation - Quaterly Results22 May 2024, 3:48PM Minda Corporation - Quaterly Results22 May 2024, 3:48PM Minda Corporation - Quaterly Results22 May 2024, 3:48PM Minda Corporation informs about board meeting14 May 2024, 3:23PM Minda Corporation informs about disclosure19 Apr 2024, 10:20AM Minda Corporation gets CCI’s nod for acquisition of up to 8.79% stake of Pricol22 Feb 2024, 11:28AM Minda Corporation informs about disclosure21 Feb 2024, 2:47PM Minda Corporation informs about disclosure21 Feb 2024, 2:42PM Minda Corporation bags order for manufacturing of Smart Vehicle Access Systems12 Feb 2024, 2:42PM Minda Corporation informs about press release12 Feb 2024, 11:45AM Minda Corporation informs about press release12 Feb 2024, 10:42AM Minda Corporation informs about earnings call transcript9 Feb 2024, 1:07PM Minda Corporation - Quaterly Results1 Feb 2024, 6:51PM Minda Corporation - Quaterly Results1 Feb 2024, 6:51PM Minda Corporation informs about conference call29 Jan 2024, 10:36AM Minda Corporation informs about disclosure1 Jan 2024, 11:58AM Minda Corporation informs about disclosure22 Dec 2023, 1:53PM Minda Corporation submits analyst meeting intimation 12 Dec 2023, 4:47PM Minda Corporation informs about analyst meet 18 Nov 2023, 10:32AM Minda Corporation informs about outcome of board meeting 2 Nov 2023, 5:18PM Minda Corporation - Quaterly Results2 Nov 2023, 3:05PM Minda Corporation - Quaterly Results2 Nov 2023, 3:05PM Minda Corporation - Quaterly Results2 Nov 2023, 3:05PM Minda Corporation informs about conference call30 Oct 2023, 11:01AM Minda Corporation informs about disclosure6 Sep 2023, 10:44AM Minda Corporation informs about resignation of chief marketing officer1 Sep 2023, 2:18PM Minda Corporation shuts down Wholly Owned Subsidiary in Netherlands30 Aug 2023, 11:27AM Minda Corporation - Quaterly Results3 Aug 2023, 2:16PM Minda Corporation - Quaterly Results3 Aug 2023, 2:16PM Minda Corporation - Quaterly Results3 Aug 2023, 2:16PM Minda Corporation informs about board meeting 25 Jul 2023, 10:49AM Minda Corporation bags contract worth Rs 750 crore11 Jul 2023, 10:50AM Minda Corporation informs about analyst meet5 Jul 2023, 2:34PM Minda Corporation informs about analyst meet 27 Jun 2023, 10:45AM Minda Corporation informs about analyst meet26 Jun 2023, 12:45PM Minda Corporation informs about investors meet21 Jun 2023, 10:05AM Minda Corporation informs about analyst meet 20 Jun 2023, 10:04AM

Minda Corporation Stock Price Analysis and Quick Research Report. Is Minda Corporation an attractive stock to invest in?

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The Indian Auto Industry comes in the top 5 largest auto industries of the world. India is also a prominent auto exporter and has strong export growth expectations for the near future. The support from the government is providing the auto companies with a boost needed in their development. But will it sustain?
We can look into more details and dig a little deeper into the analysis of the stock of this sector. Let’s look at how Minda Corporation is performing and if it is the right time to buy the stock of Minda Corporation with detailed analysis.

  • The mainstream of revenue for Auto Sector is their sales, Minda Corporation has reported decent sales growth of 10.0819 % and in the latest quarter sales was Rs 966.98 Cr. To judge whether the company’s inventory is being sold or not and the sales picture is true, inventory turnover ratio plays a major role, which is 9.0154 times for Minda Corporation . It is managing its inventory poorly .
     
  • Minda Corporation reported Profit loss of -21.6542 % over the year, where the latest year profit is Rs 188.5 Cr compared to the previous year of Rs 240.6 Cr. The new permits by governments and increasing demand will lead to an increase in profits in the coming year.
     
  • The operating profit of Minda Corporation in the latest quarter is Rs 108.44 Cr. It helps in measuring the company’s operating performance which is used to make financing decisions.
     
  • Minda Corporation has a average ROE of 12.1 %. The ROE is an important financial parameter because Auto companies work with high equity investments. Also, they have to take huge debt to incur the research and manufacturing work so their Debt to Equity ratio should be evaluated. Minda Corporation has a low Debt to Equity ratio of 0.2092.
     
  • Minda Corporation pays a dividend of 1.4 Rs per share. It tells us that a company likes to share profits with its shareholders. The dividend yield is low at 0.265 %.
     
  • The share of promoter in Minda Corporation is high at 64.84 %, where the pledging is 0 %.
     
  • What the market is willing to pay for the company for its earnings can be determined by PE multiple. Current PE of Minda Corporation is 61.7413387386128 compared to the 5 year average PE of 26.801502527007 .
     
  • Share Price: - The current share price of Minda Corporation is Rs 530. One can use valuation calculators of ticker to know if Minda Corporation share price is undervalued or overvalued.
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Brief about Minda Corporation

Minda Corporation Ltd. Financials: Check Share price, Balance Sheet, Annual report and Quarterly Results for company analysis

Welcome to the Minda Corporation Ltd Share Analysis Page! This page is specifically designed for long-term stock investors looking for a comprehensive analysis of Minda Corporation Ltd's stock. Here, we will delve into various aspects of the company's stock, including the stock price, balance sheet, annual report, dividend, quarterly results, stock price charts, news, concall transcripts, investor presentations, promoters, and shareholders. Our aim is to provide you with the necessary information to make well-informed investment decisions.

Minda Corporation Ltd. Stock Price Analysis

The stock price of Minda Corporation Ltd plays a crucial role in helping investors determine the company's growth potential. Our website offers a pre-built screening tool that allows you to track and analyze the historical price trends of Minda Corporation Ltd's shares. By assessing the trend of the company's share price, you can gain insights into its performance over time, aiding in long-term investment decision-making. A stock's share price is determined by a range of factors, such as market sentiment, financial performance, and general economic conditions.

Minda Corporation Ltd. Balance Sheet Analysis

Analyzing the balance sheet of Minda Corporation Ltd provides valuable insights into the company's financial stability. Our website offers an in-depth analysis of the company's assets, liabilities, and equity, allowing investors to better understand its financial health. This analysis is crucial for evaluating the company's ability to generate future profits and make informed investment decisions.

Minda Corporation Ltd. Annual Report Analysis

Minda Corporation Ltd's annual report serves as a comprehensive source of information for investors seeking to understand the company's performance over the past year. On our website, we provide downloadable copies of the company's annual reports, enabling you to explore details about its revenues, projects, and future prospects. By analyzing the annual report, you can gain valuable insights that will aid in planning your investment strategies accordingly.

Minda Corporation Ltd. Dividend Analysis

Dividend policies and history are crucial factors for long-term investors who seek to generate income from their investments. On our website, we provide a detailed analysis of Minda Corporation Ltd's dividend policy and history, allowing you to make informed decisions. By studying the dividend history, you can assess the company's ability to generate income and make well-informed investment decisions.

Minda Corporation Ltd. Quarterly Result Analysis

Minda Corporation Ltd's quarterly results provide insights into the company's performance over the short-to-medium term. Our website presents details on the company's revenue, profit, and key financial ratios, enabling you to determine the consistency and growth potential of the company. Taking advantage of our pre-built screening tools, you can thoroughly analyze the company's quarterly reports to gain a comprehensive understanding of its performance.

Minda Corporation Ltd. Stock Price Movement Analysis

The movement of Minda Corporation Ltd's stock price directly impacts its growth potential and presents investment opportunities. By studying the stock price trend, long-term investors can gain insights that will help them make informed investment decisions. Our website offers an interactive stock price chart that allows you to evaluate the historical movement of the company's shares. Evaluating the stock price trends helps investors identify potential risks and opportunities associated with Minda Corporation Ltd. Our website provides pre-built screening tools to help investors analyze stock price and performance.

Minda Corporation Ltd. Price Chart Analysis

Analyzing Minda Corporation Ltd's price chart helps long-term investors visualize the stock price movement over time. Our website features a comprehensive price chart that enables you to study trends and patterns, aiding in investment decision-making. By examining the chart, you can identify key inflection points, technical support and resistance levels, and other important factors. This evaluation facilitates the identification of potential risks and opportunities associated with Minda Corporation Ltd.

Minda Corporation Ltd. News Analysis

Staying updated with the latest news and developments related to Minda Corporation Ltd is crucial for long-term investors. Our website aggregates news articles from various sources, providing comprehensive coverage about the company. Analyzing the news helps investors understand the company's performance, potential challenges, and areas for improvement. This information enables investors to make informed decisions regarding whether to hold, sell, or buy Minda Corporation Ltd shares.

Minda Corporation Ltd. Concall Transcripts Analysis

Minda Corporation Ltd's concall transcripts provide direct insights into the company's performance and management's views on future prospects. These transcripts offer valuable information about management's strategies, responses to analyst queries, and future outlook. Analyzing the concall transcripts enables investors to understand the company's management principles and make informed investment decisions.

Minda Corporation Ltd. Investor Presentations Analysis

Minda Corporation Ltd's investor presentations offer deeper insights into the company's business strategy, financial performance, and growth prospects. Our stock analysis page features the company's investor presentations, enabling you to gain a better understanding of its plans and future trajectory. Evaluating this information allows investors to make informed decisions, such as investing in additional shares or selling existing ones when appropriate.

Minda Corporation Ltd. Promoters Analysis

Understanding the background and holdings of Minda Corporation Ltd's promoters is crucial for gauging management's alignment with shareholder interests. Analyzing the promoter shareholding provides an indicator of potential growth and management commitment to the company's success.

Minda Corporation Ltd. Shareholders Analysis

Understanding the shareholder base of Minda Corporation Ltd is essential for investors. Our stock analysis page offers insights into the prominent shareholders of the company, allowing you to assess investor sentiment and popularity among institutional and retail investors. Analyzing the shareholders helps investors make more informed decisions about Minda Corporation Ltd's stock.

Minda Corporation Ltd. Premium Features and Tools Analysis

In addition to our pre-built screening tools, our website provides access to premium features and tools, such as DCF (Discounted Cash Flow) Analysis, BVPS (Book Value Per Share) Analysis, Earnings multiple approaches, and DuPont analysis. These premium tools offer a comprehensive evaluation of Minda Corporation Ltd's intrinsic value and financial performance, enabling investors to make informed decisions.

On our website, you will find downloadable copies of Minda Corporation Ltd's annual reports and quarterly results, allowing for a thorough analysis of the latest financial information.

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