Minda Corporation Limited Logo

Minda Corporation Limited

MINDACORP.NS

(2.5)
Stock Price

487,55 INR

7.51% ROA

13.44% ROE

54.57x PER

Market Cap.

134.350.444.050,00 INR

19.19% DER

0.25% Yield

5.16% NPM

Minda Corporation Limited Stock Analysis

Minda Corporation Limited Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

Minda Corporation Limited Fundamental Stock Analysis
# Analysis Rating
1 DER

The stock has a low debt to equity ratio (41%), which means it has a small amount of debt compared to the ownership it holds

2 Dividend

The company's consistent dividend distribution over the past five years reflects its dedication to providing shareholders with steady returns, making it an appealing choice for investors seeking income stability.

3 ROE

ROE surpassing expectations (18.99%) highlights strong profitability and efficient use of shareholders' equity, making it an appealing investment prospect.

4 Assets Growth

Over the past three years, this company's revenue has consistently grown, demonstrating a positive financial trend that makes it an appealing choice.

5 Dividend Growth

Investors can take confidence in the company's impressive track record of annual dividend growth over the last three years, showcasing a commitment to providing higher returns.

6 Buffet Intrinsic Value

The company's stock shows potential as it is undervalued (7.399) according to Warren Buffett's formula, indicating that its intrinsic value exceeds the market price.

7 ROA

The stock's ROA (8.07%) shows that it's doing a pretty good job at making money from its assets, making it a solid choice to invest and earn steady profits.

8 Revenue Growth

Regrettably, this company's revenue has shown no signs of growth over the past three years, suggesting limited potential for returns and making it a less appealing choice.

9 Net Profit Growth

Throughout the last five years, this company's net profit has remained unchanged, indicating a lack of growth and making it a less favorable investment option.

10 Graham Number

The Graham number of this company suggests that its stock price may be overvalued, indicating a less favorable investment opportunity.

11 PBV

The stock's high Price-to-Book Value (P/BV) ratio (4.27x) suggests it's overvalued, potentially making it an expensive investment.

Minda Corporation Limited Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

Minda Corporation Limited Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Buy
2 MACD Sell
3 RSI Hold
4 Stoch RSI Hold

Minda Corporation Limited Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

Minda Corporation Limited Revenue
Year Revenue Growth
2007 1.783.492.397
2008 2.009.649.807 11.25%
2009 5.311.261.141 62.16%
2010 7.322.180.195 27.46%
2011 13.854.905.033 47.15%
2012 21.735.750.481 36.26%
2013 15.939.052.472 -36.37%
2014 19.706.371.617 19.12%
2015 24.455.171.127 19.42%
2016 29.305.132.104 16.55%
2017 25.617.000.000 -14.4%
2018 30.567.000.000 16.19%
2019 27.757.000.000 -10.12%
2020 22.999.000.000 -20.69%
2021 29.266.000.000 21.41%
2022 43.001.400.000 31.94%
2023 47.833.600.000 10.1%
2023 46.511.400.000 -2.84%
2024 47.695.600.000 2.48%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

Minda Corporation Limited Research and Development Expenses
Year Research and Development Expenses Growth
2007 0
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 55.953.000 100%
2014 1.846.393 -2930.39%
2015 51.214.643 96.39%
2016 114.000.000 55.07%
2017 141.000.000 19.15%
2018 248.800.000 43.33%
2019 221.000.000 -12.58%
2020 287.000.000 23%
2021 349.000.000 17.77%
2022 440.000.000 20.68%
2023 0 0%
2023 832.000.000 100%
2024 0 0%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

Minda Corporation Limited General and Administrative Expenses
Year General and Administrative Expenses Growth
2007 99.813.894
2008 184.660.239 45.95%
2009 603.962.816 69.43%
2010 644.758.085 6.33%
2011 0 0%
2012 283.234.278 100%
2013 236.269.882 -19.88%
2014 3.637.963.025 93.51%
2015 132.427.596 -2647.13%
2016 363.377.242 63.56%
2017 331.000.000 -9.78%
2018 372.000.000 11.02%
2019 447.000.000 16.78%
2020 257.000.000 -73.93%
2021 249.000.000 -3.21%
2022 355.000.000 29.86%
2023 0 0%
2023 435.000.000 100%
2024 0 0%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

Minda Corporation Limited EBITDA
Year EBITDA Growth
2007 205.727.567
2008 278.393.914 26.1%
2009 502.823.079 44.63%
2010 724.474.095 30.59%
2011 1.650.125.441 56.1%
2012 1.400.515.745 -17.82%
2013 1.335.461.022 -4.87%
2014 2.044.291.329 34.67%
2015 2.440.521.169 16.24%
2016 2.100.184.539 -16.21%
2017 3.029.000.000 30.66%
2018 3.549.000.000 14.65%
2019 3.039.000.000 -16.78%
2020 2.513.000.000 -20.93%
2021 3.166.000.000 20.63%
2022 4.772.700.000 33.66%
2023 5.333.600.000 10.52%
2023 5.144.000.000 -3.69%
2024 5.271.200.000 2.41%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

Minda Corporation Limited Gross Profit
Year Gross Profit Growth
2007 416.001.820
2008 581.965.571 28.52%
2009 2.021.412.994 71.21%
2010 2.476.153.257 18.36%
2011 5.364.175.150 53.84%
2012 8.667.874.287 38.11%
2013 6.205.859.589 -39.67%
2014 7.731.080.933 19.73%
2015 9.469.042.519 18.35%
2016 9.716.442.257 2.55%
2017 9.363.000.000 -3.77%
2018 10.741.000.000 12.83%
2019 10.002.000.000 -7.39%
2020 7.348.000.000 -36.12%
2021 9.650.000.000 23.85%
2022 15.227.700.000 36.63%
2023 17.534.000.000 13.15%
2023 8.330.300.000 -110.48%
2024 8.461.600.000 1.55%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

Minda Corporation Limited Net Profit
Year Net Profit Growth
2007 76.184.126
2008 118.228.211 35.56%
2009 191.669.596 38.32%
2010 347.380.575 44.82%
2011 519.247.782 33.1%
2012 59.941.050 -766.26%
2013 793.405.309 92.45%
2014 895.252.161 11.38%
2015 1.072.702.924 16.54%
2016 960.786.471 -11.65%
2017 1.417.000.000 32.2%
2018 1.692.000.000 16.25%
2019 -1.998.000.000 184.68%
2020 528.000.000 478.41%
2021 1.919.000.000 72.49%
2022 2.845.000.000 32.55%
2023 2.350.800.000 -21.02%
2023 2.272.000.000 -3.47%
2024 2.568.000.000 11.53%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

Minda Corporation Limited Earning per Share (EPS)
Year Earning per Share (EPS) Growth
2007 0
2008 1 0%
2009 1 100%
2010 2 0%
2011 3 50%
2012 0 0%
2013 38 100%
2014 4 -825%
2015 5 20%
2016 5 -25%
2017 7 33.33%
2018 8 14.29%
2019 -9 187.5%
2020 2 500%
2021 8 75%
2022 12 33.33%
2023 10 -20%
2023 10 -11.11%
2024 11 10%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

Minda Corporation Limited Free Cashflow
Year Free Cashflow Growth
2007 -54.821.987
2008 135.933.431 140.33%
2009 -339.257.881 140.07%
2010 423.676.369 180.07%
2011 -1.797.290.960 123.57%
2012 -1.083.905.832 -65.82%
2013 -909.496.620 -19.18%
2014 2.171.838.074 141.88%
2015 1.276.695.641 -70.11%
2016 -582.930.077 319.01%
2017 -1.257.000.000 53.63%
2018 893.000.000 240.76%
2019 3.019.000.000 70.42%
2020 754.750.000 -300%
2020 -495.000.000 252.47%
2021 583.000.000 184.91%
2022 1.367.800.000 57.38%
2023 0 0%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

Minda Corporation Limited Operating Cashflow
Year Operating Cashflow Growth
2007 210.673.345
2008 258.268.743 18.43%
2009 87.925.568 -193.74%
2010 610.251.238 85.59%
2011 -231.969.401 363.07%
2012 307.040.992 175.55%
2013 -176.607.412 273.86%
2014 3.041.700.402 105.81%
2015 2.257.664.471 -34.73%
2016 1.145.895.374 -97.02%
2017 699.000.000 -63.93%
2018 2.094.000.000 66.62%
2019 4.504.000.000 53.51%
2020 1.126.000.000 -300%
2020 855.000.000 -31.7%
2021 1.668.000.000 48.74%
2022 3.875.100.000 56.96%
2023 0 0%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

Minda Corporation Limited Capital Expenditure
Year Capital Expenditure Growth
2007 265.495.332
2008 122.335.312 -117.02%
2009 427.183.449 71.36%
2010 186.574.869 -128.96%
2011 1.565.321.559 88.08%
2012 1.390.946.824 -12.54%
2013 732.889.208 -89.79%
2014 869.862.328 15.75%
2015 980.968.830 11.33%
2016 1.728.825.451 43.26%
2017 1.956.000.000 11.61%
2018 1.201.000.000 -62.86%
2019 1.485.000.000 19.12%
2020 371.250.000 -300%
2020 1.350.000.000 72.5%
2021 1.085.000.000 -24.42%
2022 2.507.300.000 56.73%
2023 0 0%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

Minda Corporation Limited Equity
Year Equity Growth
2007 346.616.672
2008 444.637.530 22.05%
2009 726.454.625 38.79%
2010 2.693.327.741 73.03%
2011 3.562.999.700 24.41%
2012 3.513.276.220 -1.42%
2013 3.893.885.808 9.77%
2014 4.907.078.068 20.65%
2015 6.310.323.472 22.24%
2016 6.857.445.280 7.98%
2017 7.374.000.000 7.01%
2018 11.951.000.000 38.3%
2019 9.749.000.000 -22.59%
2020 11.466.000.000 14.97%
2021 13.301.000.000 13.8%
2022 15.907.400.000 16.38%
2023 19.806.600.000 19.69%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

Minda Corporation Limited Assets
Year Assets Growth
2007 1.341.320.583
2008 1.531.183.042 12.4%
2009 4.362.901.741 64.9%
2010 6.950.966.371 37.23%
2011 11.922.256.928 41.7%
2012 12.729.372.690 6.34%
2013 13.121.782.436 2.99%
2014 14.215.834.683 7.7%
2015 17.707.478.179 19.72%
2016 20.155.882.123 12.15%
2017 20.591.000.000 2.11%
2018 24.518.000.000 16.02%
2019 23.285.000.000 -5.3%
2020 23.298.000.000 0.06%
2021 25.719.000.000 9.41%
2022 32.243.000.000 20.23%
2023 34.390.300.000 6.24%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

Minda Corporation Limited Liabilities
Year Liabilities Growth
2007 994.703.911
2008 1.086.545.512 8.45%
2009 3.636.447.116 70.12%
2010 4.257.638.630 14.59%
2011 8.359.257.228 49.07%
2012 9.216.096.470 9.3%
2013 9.227.896.628 0.13%
2014 9.308.756.615 0.87%
2015 11.397.154.707 18.32%
2016 13.298.436.843 14.3%
2017 13.217.000.000 -0.62%
2018 12.567.000.000 -5.17%
2019 13.536.000.000 7.16%
2020 11.832.000.000 -14.4%
2021 12.418.000.000 4.72%
2022 16.335.600.000 23.98%
2023 14.583.700.000 -12.01%

Minda Corporation Limited Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
199.47
Net Income per Share
10.3
Price to Earning Ratio
54.57x
Price To Sales Ratio
2.82x
POCF Ratio
54.99
PFCF Ratio
54.99
Price to Book Ratio
6.78
EV to Sales
2.89
EV Over EBITDA
25.73
EV to Operating CashFlow
56.39
EV to FreeCashFlow
56.39
Earnings Yield
0.02
FreeCashFlow Yield
0.02
Market Cap
134,35 Bil.
Enterprise Value
137,78 Bil.
Graham Number
138.54
Graham NetNet
-4.43

Income Statement Metrics

Net Income per Share
10.3
Income Quality
1.08
ROE
0.13
Return On Assets
0.07
Return On Capital Employed
0.16
Net Income per EBT
0.75
EBT Per Ebit
0.91
Ebit per Revenue
0.08
Effective Tax Rate
0.27

Margins

Sales, General, & Administrative to Revenue
0.03
Research & Developement to Revenue
0.02
Stock Based Compensation to Revenue
-0
Gross Profit Margin
0.28
Operating Profit Margin
0.08
Pretax Profit Margin
0.07
Net Profit Margin
0.05

Dividends

Dividend Yield
0
Dividend Yield %
0.25
Payout Ratio
0
Dividend Per Share
1.4

Operating Metrics

Operating Cashflow per Share
10.22
Free CashFlow per Share
10.22
Capex to Operating CashFlow
0
Capex to Revenue
0
Capex to Depreciation
0
Return on Invested Capital
0.11
Return on Tangible Assets
0.08
Days Sales Outstanding
61.87
Days Payables Outstanding
75.45
Days of Inventory on Hand
55.72
Receivables Turnover
5.9
Payables Turnover
4.84
Inventory Turnover
6.55
Capex per Share
0

Balance Sheet

Cash per Share
20,19
Book Value per Share
82,85
Tangible Book Value per Share
76.06
Shareholders Equity per Share
82.85
Interest Debt per Share
18.05
Debt to Equity
0.19
Debt to Assets
0.11
Net Debt to EBITDA
0.64
Current Ratio
1.8
Tangible Asset Value
18,18 Bil.
Net Current Asset Value
5,21 Bil.
Invested Capital
21471100000
Working Capital
8,77 Bil.
Intangibles to Total Assets
0.05
Average Receivables
4,04 Bil.
Average Payables
3,57 Bil.
Average Inventory
2635150000
Debt to Market Cap
0.03

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

Minda Corporation Limited Dividends
Year Dividends Growth
2013 0
2014 0 0%
2015 0 0%
2016 1 0%
2017 1 0%
2018 1 0%
2019 1 0%
2020 0 0%
2021 1 0%
2022 1 100%
2023 1 0%
2024 1 0%

Minda Corporation Limited Profile

About Minda Corporation Limited

Minda Corporation Limited manufactures and sells automobile components and parts. It offers electronic and mechanical security systems, including ignition switch cum steering locks, smart key systems, mechatronic handles, and immobilizers systems; die casting components, such as aluminum high pressure die casting and compressor housing products; and starter motors and alternators. The company also provides information and connected systems comprising instrument clusters; wiring harnesses, steering roll connectors, and junction boxes; and positional, temperature, and speed and exhaust gas temperature sensors. In addition, it offers plastics and interiors, including air vents, glove boxes, centre consoles, cup holders, ash trays, louvers, oil slumps, cylinder heads, and battery trays; aftermarket products, such as filters, clutch plates, bearings, wiper blades, brake shoes and pads, locks, window regulators, and control cables; and products related to electric vehicles, connected systems, antenna, and surface mounting technology. The company offers its products for two and three wheelers, passenger vehicles, commercial vehicles, and off-road vehicles. It operates in India, the rest of Asia, Europe, North America, and South America. The company was formerly known as Minda Switch Auto Pvt. Ltd. and changed its name to Minda Corporation Limited in 2007. Minda Corporation Limited was founded in 1958 and is based in Noida, India. Minda Corporation Limited is a subsidiary of Spark Minda, Ashok Minda Group.

CEO
Mr. Ashok Minda
Employee
3.344
Address
D-6-11, Sector-59
Noida, 201301

Minda Corporation Limited Executives & BODs

Minda Corporation Limited Executives & BODs
# Name Age
1 Mr. Pardeep Mann
Company Secretary & Compliance Officer
70
2 Ms. Subhalaxmi Das
Group Head of Corporate Communication & Press Release
70
3 Mr. Ashim Vohra
Group Chief Operation Officer
70
4 Mr. Vinod Raheja
Group Chief Financial Officer & Group Chief Risk Officer
70
5 Mr. Ashok Minda
Executive Chairman & Group Chief Executive Officer
70
6 Mr. Naresh Kumar Modi
Executive Director
70
7 Mr. D. Suresh
Group Chief Technology Officer & Chief Executive Officer of Spark Minda Technical Centre
70
8 Mr. Bikash Dugar
Lead of Investor Relations
70
9 Mr. Aakash Minda
Executive Director of Group Finance & Strategy, Chief Executive Officer of Plastics & Interior and Executive Director
70
10 Mr. Neeraj Sharma
Group Chief Marketing Officer
70

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