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Minda Corporation Ltd

(MINDACORP)

₹508.2▲2.02%

as on 04:01PM, 20 Dec 2024

Overview
News
Financials
Q2 2024 Results
Technicals

Minda Corporation Ltd Analyst Rating

based on 3 analysts

BUY

100.00%

Buy

0.00%

Hold

0.00%

Sell

Based on 3 analysts offering long term price targets for Minda Corporation Ltd. An average target of ₹568

Source: S&P Global Market Intelligence

Minda Corporation Ltd Share analysis

Minda Corporation Ltd price forecast by 3 analysts

Upside of9.50%

High

₹580

Target

₹568.00

Low

₹554

Minda Corporation Ltd target price ₹568, a slight upside of 9.5% compared to current price of ₹508.2. According to 3 analysts rating.

Source: S&P Global Market Intelligence

Minda Corporation Ltd Performance

  • Day's Low

    Day's High

    ₹505.5
    Day's Price Range
    ₹520.8

  • 52 Week's Low

    52 Week's High

    ₹365.85
    52-Week Price Range
    ₹652
1 Month Return+ 8.29 %
3 Month Return-11.78 %
1 Year Return+ 35.57 %
Previous Close₹518.70
Open₹520.35
Volume2.53L
Upper Circuit-
Lower Circuit-
Market Cap₹12,336.50Cr

Minda Corporation Ltd Key Statistics

P/E Ratio46.6
PEG Ratio-66.58
Market Cap₹12,336.50 Cr
P/B Ratio5.77
EPS9.42
Dividend Yield0.33
SectorAuto Ancillaries
ROE12.11

Minda Corporation Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
Minda Corporation Ltd
Minda Corporation Ltd
BUY₹12,336.50 Cr93.69%0.62₹225 Cr₹4,651 Cr
Jamna Auto Industries Ltd
Jamna Auto Industries Ltd
BUY₹3,962.84 Cr22.1%0.58₹205 Cr₹2,426 Cr
Sar Auto Products Ltd
Sar Auto Products Ltd
NA₹941.99 Cr90.99%0.74NANA
Gabriel India Ltd
Gabriel India Ltd
BUY₹7,269.82 Cr63.27%0.51₹178 Cr₹3,402 Cr
Emmforce Autotech Ltd
Emmforce Autotech Ltd
NA₹270.80 Cr-6.81%0.80₹4 Cr₹40 Cr
See all

Minda Corporation Ltd Mutual Fund Holdings

About Minda Corporation Ltd

Minda Corporation Ltd is a renowned Indian auto component manufacturer with 28 manufacturing facilities in India and 6 abroad and headquartered in Noida. Established in 1985 as Minda Switch Auto Private Limited, it is now the flagship company of the Spark Minda Ashok Minda Group. It produces Ignition Switches, Electronic and Mechanical Security Systems, Die Cast Parts, Surface Finishing Parts and Plastic Interiors for various Auto OEMs. In addition, the company is the only one in India to have its own patented Magnetic Shutter and Immobilizers. During FY 2019 and FY 2020, the company acquired several subsidiaries and a JV company and opened a new plant in Czech Republic, two plants in Noida and Chennai, and its Competency Centre for Excellence in Pune. It also signed an agreement with Stoneridge Inc. USA and Infac Elecs. Co. Ltd. Korea, and invested in EVQPoint.

Share Price: ₹508.20 per share as on 20 Dec, 2024 04:01 PM
Market Capitalisation: ₹12,336.50Cr as of today
Revenue: ₹1,290.01Cr as on September 2024 (Q3 24)
Net Profit: ₹70.77Cr as on September 2024 (Q3 24)
Listing date: 19 Mar, 2012
Chairperson Name: Ashok Minda
OrganisationMinda Corporation Ltd
HeadquartersNoida
IndustryAuto Ancillaries
E-voting on sharesClick here to vote

Key events for Minda Corporation Ltd

  • Minda Corporation Forms Joint Venture for Sunroof Solutions - 17 Dec, 2024

    Minda Corporation has established a joint venture, MINDA-HCMF Technologies, with HCMF to develop and manufacture automotive sunroof solutions, enhancing its product portfolio in the auto components sector.

  • Minda Corporation Wins National Award for Inclusion - 05 Dec, 2024

    Minda Corporation Limited received the Presidents National Award for the Empowerment of Persons with Disabilities 2024, recognizing its commitment to inclusivity and support for PwDs through its Saksham program, impacting over 21,000 individuals.

  • Minda Corp Reports Strong Q2 Performance - 25 Nov, 2024

    Minda Corporation's consolidated net sales for September 2024 reached Rs 1,290.01 crore, up 7.87% YoY. Net profit rose 26.49% to Rs 74.34 crore, while EBITDA increased 18.67% to Rs 158.23 crore. EPS improved to Rs 3.16 from Rs 2.50 YoY. The stock has delivered 13.19% returns over the last six months and 40.97% over the past year.

Insights on Minda Corporation Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 2 quarters, 1.20K Cr → 1.30K Cr (in ₹), with an average increase of 7.8% per quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 2 quarters, 64.2 Cr → 74.34 Cr (in ₹), with an average increase of 13.6% per quarter

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 6.86% to 7.09% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 6.06% to 7.60% in Sep 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Cummins India Ltd has given 294.3% return, outperforming this stock by 65.9%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Cummins India Ltd has given 78.4% return, outperforming this stock by 49.7%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 64.84% of holdings in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 7 days, MINDACORP stock has moved down by -4.1%

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 16.82% to 15.32% in Sep 2024 quarter

Minda Corporation Ltd Financials

Value in ₹ crore
DetailsQ'3 23Q'4 23Q'1 24Q'2 24Q'3 24
Revenue₹1,195.84Cr (-)₹1,165.81Cr (↓2.51%)₹1,214.98Cr (↑4.22%)₹1,192.39Cr (↓1.86%)₹1,290.01Cr (↑8.19%)
Net Income₹58.28Cr (-)₹50.79Cr (↓12.85%)₹69.60Cr (↑37.03%)₹62.34Cr (↓10.43%)₹70.77Cr (↑13.52%)
Net Profit Margin4.87% (-)4.36% (↓10.47%)5.73% (↑31.42%)5.23% (↓8.73%)5.49% (↑4.97%)
Value in ₹ crore
Details2021202220232024
Total Assets₹2,211.80Cr (-)₹2,252.90Cr (↑1.86%)₹2,891.10Cr (↑28.33%)₹3,064.40Cr (↑5.99%)
Total Liabilities₹1,185.10Cr (-)₹1,080.10Cr (↓8.86%)₹1,507.00Cr (↑39.52%)₹1,326.20Cr (↓12.00%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹295.60Cr (-)₹85.20Cr (↓71.18%)₹139.90Cr (↑64.20%)₹374.80Cr (↑167.91%)₹242.20Cr (↓35.38%)

Index Inclusions

BSE 500

₹35,082.25

-1.9 (▲-680.42%)

Nifty 500

₹22,319.40

-1.9 (▲-432.75%)

Nifty Smallcap 250

₹17,693.65

-2.01 (▲-363.55%)

S&P BSE 400 MidSmallCap

₹12,101.72

-2.24 (▲-276.79%)

S&P BSE AllCap

₹10,471.31

0.68 (▲71.07%)

S&P BSE 250 SmallCap

₹7,054.81

-2.03 (▲-146.24%)

BSE Small-Cap

₹55,149.22

-2.11 (▲-1188.47%)

Nifty MidSmallcap 400

₹19,899.40

-2.27 (▲-461.95%)

Minda Corporation Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
64.84%
0.00
Foreign Institutions
7.6%
25.50
Mutual Funds
15.31%
-8.95
Retail Investors
7.09%
3.23
Others
5.15%
-4.81

Minda Corporation Ltd Key Indicators

Details20202021202220232024
Return On Equity %17.558.8914.6320.9112.11
Details20202021202220232024
Return On Assets %-10.642.398.529.847.41
Details20202021202220232024
Book Value Per Share (₹)42.7847.8255.4966.482.7
Details20202021202220232024
Earning Per Share (₹)-8.82.057.7212.329.42

Minda Corporation Ltd Valuation

Minda Corporation Ltd in the last 5 years

  • Overview

  • Trends

Lowest (-9.24x)

March 2, 2021

Today (46.60x)

December 19, 2024

Industry (51.66x)

December 19, 2024

Highest (60.39x)

August 26, 2024

LowHigh

Minda Corporation Ltd Earnings and Dividends

  • Minda Corporation Ltd Earnings Results

    Minda Corporation Ltd’s net profit jumped 26.49% since last year same period to ₹74.34Cr in the Q2 2024-2025. On a quarterly growth basis, Minda Corporation Ltd has generated 15.79% jump in its net profits since last 3-months.

    Read More about Earnings Results

  • Minda Corporation Ltd Dividends May,2024

    In the quarter ending March 2024, Minda Corporation Ltd has declared dividend of ₹0.90 - translating a dividend yield of 0.28%.

    Read More about Dividends

Minda Corporation Ltd Technicals Summary

Bearish

Neutral

Bullish

Bearish

Minda Corporation Ltd is currently in a Bearish trading position according to technical analysis indicators.

More on Technical Analysis

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Minda Corporation Ltd (MINDACORP) share price today is ₹508.2

Minda Corporation Ltd is listed on NSE

Minda Corporation Ltd is listed on BSE

  • Today’s highest price of Minda Corporation Ltd is ₹520.8.
  • Today’s lowest price of Minda Corporation Ltd is ₹505.5.

PE Ratio of Minda Corporation Ltd is 46.6

PE ratio = Minda Corporation Ltd Market price per share / Minda Corporation Ltd Earnings per share

Today’s traded volume of Minda Corporation Ltd(MINDACORP) is 2.53L.

Today’s market capitalisation of Minda Corporation Ltd(MINDACORP) is ₹12336.5Cr.

Minda Corporation Ltd(MINDACORPPrice
52 Week High
₹652
52 Week Low
₹365.85

Minda Corporation Ltd(MINDACORP) share price is ₹508.2. It is down -22.06% from its 52 Week High price of ₹652

Minda Corporation Ltd(MINDACORP) share price is ₹508.2. It is up 38.91% from its 52 Week Low price of ₹365.85

Minda Corporation Ltd(MINDACORPReturns
1 Day Returns
-10.5%
1 Month Returns
8.29%
3 Month Returns
-11.78%
1 Year Returns
35.57%