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Minda Corporation Ltd

MINDACORP

Minda Corporation Ltd

MINDACORP
Consumer DiscretionaryAuto Parts
SmallcapWith a market cap of ₹12,204 cr, stock is ranked 481
Moderate RiskStock is 2.66x as volatile as Nifty
508.202.02% (-10.50)
508.202.02% (-10.50)

Price Chart

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Consumer DiscretionaryAuto Parts
SmallcapWith a market cap of ₹12,204 cr, stock is ranked 481
Moderate RiskStock is 2.66x as volatile as Nifty
Scorecard

Performance

Avg

Price return has been average, nothing exciting

Valuation

High

Seems to be overvalued vs the market average

Growth

Avg

Financials growth has been moderate for a few years

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

Consumer DiscretionaryAuto Parts
SmallcapWith a market cap of ₹12,204 cr, stock is ranked 481
Moderate RiskStock is 2.66x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
46.386.130.28%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
39.166.810.72%

Forecast & Ratings

Detailed Forecast 
100%
Analysts have suggested that investors can buy this stock

from 3 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

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.

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Lower than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 8.02%, vs industry avg of 8.46%

Decreasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share decreased from 1.45% to 1.44%

Lower than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 6.07%, vs industry avg of 10.9%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue2,476.532,086.602,622.903,173.002,277.702,401.103,032.804,315.904,666.804,894.96
Raw Materialssubtract1,513.491,337.301,634.101,892.001,359.201,518.501,862.102,802.702,894.204,316.40
Power & Fuel Costsubtract40.7739.8050.7062.1046.8048.0059.9081.5085.70
Employee Costsubtract416.48371.40441.30509.20356.60382.70474.20625.50728.50
Selling & Administrative Expensessubtract153.22130.80114.10130.1079.5059.6064.60104.80112.10
Operating & Other expensessubtract94.53-11.5077.70204.50468.10179.80219.50222.50315.00
Depreciation/Amortizationsubtract74.4657.7073.8088.3086.6093.60112.00138.10165.80182.50
Interest & Other Itemssubtract37.0630.2039.8050.7041.3038.8032.0042.3057.1047.64
Taxes & Other Itemssubtract39.2728.8048.7066.9039.4027.3016.6014.0081.2086.64
EPS5.174.916.867.79-8.812.268.0311.909.5010.95
DPS0.500.500.600.700.350.651.001.201.401.40
Payout ratio0.100.100.090.090.290.120.100.150.13

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2020

Annual report

PDF

Investor Presentation

Nov 7PDF
Aug 12PDF
FY 2021

Annual report

PDF

Investor Presentation

Aug 14PDF
Jul 17PDF
Jul 16PDF
FY 2022

Annual report

PDF

Investor Presentation

May 23PDF
May 17PDF
Mar 7PDF
FY 2023

Annual report

PDF

Investor Presentation

Aug 5PDF
FY 2024

Annual report

PDF

Investor Presentation

Aug 3PDF
 

Peers & Comparison

Comparing 3 stocks from 
Consumer DiscretionaryAuto Parts

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Minda Corporation Ltd53.446.130.28%
Samvardhana Motherson International Ltd41.333.980.48%
Bosch Ltd42.358.751.05%
UNO Minda Ltd67.3311.260.19%

Price Comparison

Compare MINDACORP with any stock or ETF
Compare MINDACORP with any stock or ETF
MINDACORP
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Increased Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has increased by 1.55%

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding64.84%15.32%3.55%7.62%8.67%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep5.74%5.53%3.73%5.08%6.07%7.62%

Mutual Funds Holding Trend

Decreased Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

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)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
Quant Small Cap Fund - Growth - Direct Plan

Growth
2.9657%1.33%-0.16%17/98 (-1)
Axis Small Cap Fund - Growth - Direct Plan

Growth
2.3426%1.17%-0.20%61/132 (-43)
Aditya Birla Sun Life Pure Value Fund - Growth - Direct Plan

Growth
1.5416%2.95%-0.29%44/87 (0)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

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smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

Increasing Dividends

Dividends are the portion of earnings that a company distributes to all its shareholders every year

MINDACORP has increased dividends consistently over the last 5 years

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.28%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹2.76 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateAug 7, 2024

Final
Final | Div/Share: ₹0.90

Dividend/Share

0.90

Ex DateEx Date

Aug 7, 2024

Cash Dividend

Ex DateEx DateFeb 14, 2024

Interim
Interim | Div/Share: ₹0.50

Dividend/Share

0.50

Ex DateEx Date

Feb 14, 2024

Cash Dividend

Ex DateEx DateJul 21, 2023

Final
Final | Div/Share: ₹0.80

Dividend/Share

0.80

Ex DateEx Date

Jul 21, 2023

Cash Dividend

Ex DateEx DateFeb 17, 2023

Interim
Interim | Div/Share: ₹0.40

Dividend/Share

0.40

Ex DateEx Date

Feb 17, 2023

Cash Dividend

Ex DateEx DateJul 21, 2022

Final
Final | Div/Share: ₹0.70

Dividend/Share

0.70

Ex DateEx Date

Jul 21, 2022

News & Opinions
Earnings
Minda Corporation consolidated net profit rises 26.49% in the September 2024 quarter

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

1 month agoCapital Market - Live
Corporate
Minda Corporation to conduct board meeting

Minda Corporation will hold a meeting of the Board of Directors of the Company on 12 November 2024Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Minda Corporation gains as board OKs fund raising upto Rs 1,000 cr

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

3 months agoCapital Market - Live
Corporate
Minda Corporation schedules board meeting

Minda Corporation will hold a meeting of the Board of Directors of the Company on 12 September 2024.Powered by Capital Market - Live

3 months agoCapital Market - Live
Spotlight
Minda Corp inks pact with Sanco Connecting Tech for electrical distribution systems solutions

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

3 months agoCapital Market - Live
Spotlight
Minda Corporation Ltd leads losers in 'A' group

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

3 months agoCapital Market - Live
Spotlight
Volumes soar at Minda Corporation Ltd counter

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

3 months agoCapital Market - Live
Earnings
Minda Corporation consolidated net profit rises 42.00% in the June 2024 quarter

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

4 months agoCapital Market - Live
Corporate
Minda Corporation to discuss results

Minda Corporation will hold a meeting of the Board of Directors of the Company on 8 August 2024.Powered by Capital Market - Live

4 months agoCapital Market - Live

Minda Corpo inks JV agreement with HCMF for automotive sunroof solutions and closure systems

6 months agoBusiness Standard