Minda Corporation Ltd: Share Price Analysis, Intrinsic Value & Fundamentals (2025)

Share Price and Basic Stock Data

Last Updated: March 8, 2025, 11:21 am

Market Cap	12,431 Cr.
Current Price	520
High / Low	653/366
Stock P/E	45.4
Book Value	87.9
Dividend Yield	0.27 %
ROCE	15.2 %
ROE	12.8 %
Face Value	2.00
PEG Ratio	1.16

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Minda Corporation Ltd

Competitors of Minda Corporation Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
G S Auto International Ltd	52.2 Cr.	35.9	54.8/29.5	31.8	15.6	0.00 %	10.1 %	3.21 %	5.00
Duncan Engineering Ltd	121 Cr.	327	902/277	20.3	149	1.07 %	18.4 %	13.9 %	10.0
Bharat Seats Ltd	478 Cr.	76.1	125/61.1	16.3	27.9	1.05 %	15.3 %	15.9 %	2.00
Automobile Corporation of Goa Ltd	758 Cr.	1,245	3,449/936	18.6	387	1.61 %	18.7 %	18.6 %	10.0
Akar Auto Industries Ltd	108 Cr.	99.9	149/87.8	17.5	44.4	0.60 %	17.3 %	13.1 %	5.00
Industry Average	4,101.95 Cr	500.68		30.84	145.63	0.82%	16.36%	15.36%	5.80

All Competitor Stocks of Minda Corporation Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	738	948	1,010	1,147	1,068	1,075	1,075	1,196	1,166	1,215	1,192	1,290	1,253
Expenses	660	840	904	1,023	954	958	960	1,065	1,036	1,076	1,061	1,143	1,109
Operating Profit	79	108	107	124	114	117	115	131	130	139	132	147	144
OPM %	11%	11%	11%	11%	11%	11%	11%	11%	11%	11%	11%	11%	11%
Other Income	37	5	4	4	5	2	2	2	2	10	8	12	9
Interest	8	7	8	10	11	12	14	15	14	12	10	11	12
Depreciation	27	33	32	34	34	39	39	41	42	44	46	51	50
Profit before tax	80	72	71	85	74	69	63	77	76	92	84	96	90
Tax %	16%	-5%	26%	25%	26%	-80%	27%	24%	33%	25%	26%	26%	29%
Net Profit	70	76	52	58	52	122	45	59	52	71	64	74	65
EPS in Rs	2.92	3.17	2.20	2.42	2.19	5.10	1.89	2.46	2.20	2.96	2.69	3.11	2.71

Last Updated: February 28, 2025, 6:25 pm

Below is a detailed analysis of the quarterly data for Minda Corporation Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is ₹1,253.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,290.00 Cr. (Sep 2024) to ₹1,253.00 Cr., marking a decrease of 37.00 Cr..
For Expenses, as of Dec 2024, the value is ₹1,109.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 1,143.00 Cr. (Sep 2024) to ₹1,109.00 Cr., marking a decrease of 34.00 Cr..
For Operating Profit, as of Dec 2024, the value is ₹144.00 Cr.. The value appears to be declining and may need further review. It has decreased from 147.00 Cr. (Sep 2024) to ₹144.00 Cr., marking a decrease of 3.00 Cr..
For OPM %, as of Dec 2024, the value is 11.00%. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 11.00%.
For Other Income, as of Dec 2024, the value is ₹9.00 Cr.. The value appears to be declining and may need further review. It has decreased from 12.00 Cr. (Sep 2024) to ₹9.00 Cr., marking a decrease of 3.00 Cr..
For Interest, as of Dec 2024, the value is ₹12.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 11.00 Cr. (Sep 2024) to ₹12.00 Cr., marking an increase of ₹1.00 Cr..
For Depreciation, as of Dec 2024, the value is ₹50.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 51.00 Cr. (Sep 2024) to ₹50.00 Cr., marking a decrease of 1.00 Cr..
For Profit before tax, as of Dec 2024, the value is ₹90.00 Cr.. The value appears to be declining and may need further review. It has decreased from 96.00 Cr. (Sep 2024) to ₹90.00 Cr., marking a decrease of 6.00 Cr..
For Tax %, as of Dec 2024, the value is 29.00%. The value appears to be increasing, which may not be favorable. It has increased from 26.00% (Sep 2024) to 29.00%, marking an increase of 3.00%.
For Net Profit, as of Dec 2024, the value is ₹65.00 Cr.. The value appears to be declining and may need further review. It has decreased from 74.00 Cr. (Sep 2024) to ₹65.00 Cr., marking a decrease of 9.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 2.71. The value appears to be declining and may need further review. It has decreased from ₹3.11 (Sep 2024) to 2.71, marking a decrease of ₹0.40.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 3:30 pm

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	2,167	1,590	1,965	2,435	2,060	2,594	3,092	2,223	2,368	2,976	4,300	4,651	4,950
Expenses	2,058	1,463	1,778	2,206	1,868	2,316	2,797	2,309	2,148	2,680	3,837	4,134	4,389
Operating Profit	109	127	188	229	192	278	295	-86	220	296	463	517	560
OPM %	5%	8%	10%	9%	9%	11%	10%	-4%	9%	10%	11%	11%	11%
Other Income	33	44	23	29	27	27	80	54	-8	56	16	15	39
Interest	42	28	39	37	30	40	51	41	39	32	42	57	45
Depreciation	77	48	60	74	58	74	88	87	94	112	138	166	191
Profit before tax	22	96	111	147	131	191	236	-160	80	208	298	308	363
Tax %	78%	18%	24%	25%	22%	25%	28%	25%	39%	12%	1%	27%
Net Profit	5	79	88	110	102	143	169	-200	53	192	284	227	274
EPS in Rs	0.29	3.79	4.28	5.12	4.88	6.82	7.45	-8.79	2.21	8.03	11.90	9.50	11.47
Dividend Payout %	68%	5%	9%	10%	10%	9%	9%	-4%	29%	12%	10%	15%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	1480.00%	11.39%	25.00%	-7.27%	40.20%	18.18%	-218.34%	126.50%	262.26%	47.92%	-20.07%
Change in YoY Net Profit Growth (%)	0.00%	-1468.61%	13.61%	-32.27%	47.47%	-22.01%	-236.53%	344.84%	135.76%	-214.35%	-67.99%

Minda Corporation Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	11%
5 Years:	9%
3 Years:	25%
TTM:	10%

Compounded Profit Growth
10 Years:	13%
5 Years:	8%
3 Years:	35%
TTM:	-2%

Stock Price CAGR
10 Years:	19%
5 Years:	45%
3 Years:	41%
1 Year:	27%

Return on Equity
10 Years:	12%
5 Years:	9%
3 Years:	15%
Last Year:	13%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 8:31 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	20	20	41	42	42	42	45	45	48	48	48	48	48
Reserves	307	350	406	507	580	694	1,145	925	1,094	1,278	1,538	1,928	2,054
Borrowings	551	572	521	562	549	728	685	625	532	511	718	540	534
Other Liabilities	395	370	453	660	377	587	566	732	654	731	905	911	1,046
Total Liabilities	1,273	1,312	1,422	1,771	1,548	2,051	2,442	2,327	2,328	2,567	3,209	3,427	3,682
Fixed Assets	466	527	571	719	530	711	732	570	613	887	1,026	1,207	1,274
CWIP	68	15	15	13	74	16	21	28	18	32	85	63	71
Investments	0	25	29	5	126	139	165	176	180	64	451	348	391
Other Assets	739	746	807	1,034	818	1,184	1,524	1,552	1,517	1,583	1,647	1,809	1,946
Total Assets	1,273	1,312	1,422	1,771	1,548	2,051	2,442	2,327	2,328	2,567	3,209	3,427	3,682

Below is a detailed analysis of the balance sheet data for Minda Corporation Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹48.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded ₹48.00 Cr..
For Reserves, as of Sep 2024, the value is ₹2,054.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹1,928.00 Cr. (Mar 2024) to ₹2,054.00 Cr., marking an increase of 126.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹534.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from ₹540.00 Cr. (Mar 2024) to ₹534.00 Cr., marking a decrease of 6.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹1,046.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹911.00 Cr. (Mar 2024) to ₹1,046.00 Cr., marking an increase of 135.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹3,682.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹3,427.00 Cr. (Mar 2024) to ₹3,682.00 Cr., marking an increase of 255.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹1,274.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹1,207.00 Cr. (Mar 2024) to ₹1,274.00 Cr., marking an increase of 67.00 Cr..
For CWIP, as of Sep 2024, the value is ₹71.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹63.00 Cr. (Mar 2024) to ₹71.00 Cr., marking an increase of 8.00 Cr..
For Investments, as of Sep 2024, the value is ₹391.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹348.00 Cr. (Mar 2024) to ₹391.00 Cr., marking an increase of 43.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹1,946.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹1,809.00 Cr. (Mar 2024) to ₹1,946.00 Cr., marking an increase of 137.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹3,682.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹3,427.00 Cr. (Mar 2024) to ₹3,682.00 Cr., marking an increase of 255.00 Cr..

Notably, the Reserves (₹2,054.00 Cr.) exceed the Borrowings (534.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	31	-18	304	226	48	70	209	450	86	167	387	287
Cash from Investing Activity +	-60	-136	-53	-158	-158	-200	-402	-137	-192	12	-425	116
Cash from Financing Activity +	11	133	-238	-29	67	122	203	-249	65	-161	74	-358
Net Cash Flow	-18	-20	13	39	-43	-8	11	64	-42	18	37	44

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-442.00	-445.00	-333.00	-333.00	-357.00	-450.00	-390.00	-711.00	-312.00	-215.00	-255.00	-23.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	51	67	59	65	66	80	64	64	68	70	54	63
Inventory Days	71	70	70	78	91	105	86	108	97	93	75	66
Days Payable	68	93	94	104	79	103	79	139	124	110	95	89
Cash Conversion Cycle	54	44	36	40	79	82	71	33	41	53	34	40
Working Capital Days	39	61	53	41	57	58	49	41	56	65	47	50
ROCE %	8%	12%	16%	16%	12%	18%	16%	-7%	10%	12%	16%	15%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	64.73%	64.73%	64.72%	64.72%	64.72%	64.72%	64.84%	64.84%	64.84%	64.84%	64.84%	64.84%
FIIs	4.49%	3.69%	4.39%	3.61%	5.06%	5.74%	5.53%	3.73%	5.07%	6.07%	7.62%	7.98%
DIIs	13.39%	13.96%	13.58%	13.84%	11.83%	11.88%	13.20%	16.81%	20.60%	20.63%	18.87%	18.42%
Public	15.63%	15.90%	15.61%	16.14%	16.68%	15.99%	14.78%	12.99%	7.90%	6.86%	7.07%	7.16%
Others	1.76%	1.72%	1.68%	1.68%	1.68%	1.65%	1.65%	1.62%	1.59%	1.59%	1.59%	1.59%
No. of Shareholders	83,653	96,666	95,263	98,934	90,242	92,320	96,387	98,238	1,00,689	89,459	93,906	96,701

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Axis Small Cap Fund	5,769,277	1.18	210.72	5,656,718	2025-03-11	1.99%
Quant Small Cap Fund	5,656,718	1.84	206.61	5,656,718	2025-03-11	0%
Aditya Birla Sun Life Pure Value Fund	3,844,718	2.73	140.43	5,656,718	2025-03-11	-32.03%
Axis Multicap Fund	2,830,251	2.24	103.37	5,656,718	2025-03-11	-49.97%
ICICI Prudential Smallcap Fund	2,581,711	1.43	94.3	5,656,718	2025-03-11	-54.36%
Axis Growth Opportunities Fund	1,873,575	0.66	68.43	5,656,718	2025-03-11	-66.88%
ICICI Prudential Transportation and Logistics Fund	1,396,504	2.04	51.01	5,656,718	2025-03-11	-75.31%
Mahindra Manulife Small Cap Fund	1,196,655	1.71	43.71	5,656,718	2025-03-11	-78.85%
Aditya Birla Sun Life Small Cap Fund	983,861	0.72	35.94	5,656,718	2025-03-11	-82.61%
Mahindra Manulife Mid Cap Fund	735,278	1.55	26.86	5,656,718	2025-03-11	-87%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	2.00	2.00	2.00	2.00	2.00
Basic EPS (Rs.)	9.65	12.10	8.16	2.33	-8.98
Diluted EPS (Rs.)	9.49	11.90	8.01	2.29	-8.98
Cash EPS (Rs.)	16.36	18.10	12.41	5.96	-4.17
Book Value[Excl.RevalReserv]/Share (Rs.)	82.67	66.36	55.46	47.78	43.05
Book Value[Incl.RevalReserv]/Share (Rs.)	82.67	66.36	55.46	47.78	43.05
Revenue From Operations / Share (Rs.)	194.61	179.92	124.51	99.08	124.20
PBDIT / Share (Rs.)	22.18	19.97	13.33	10.47	12.99
PBIT / Share (Rs.)	15.24	14.19	8.65	6.55	7.78
PBT / Share (Rs.)	12.90	12.49	8.72	5.05	-7.37
Net Profit / Share (Rs.)	9.42	12.32	7.72	2.05	-9.37
NP After MI And SOA / Share (Rs.)	9.51	11.90	8.03	2.21	-8.82
PBDIT Margin (%)	11.39	11.09	10.70	10.56	10.45
PBIT Margin (%)	7.83	7.88	6.94	6.61	6.26
PBT Margin (%)	6.63	6.94	7.00	5.10	-5.93
Net Profit Margin (%)	4.84	6.84	6.19	2.06	-7.54
NP After MI And SOA Margin (%)	4.88	6.61	6.44	2.22	-7.10
Return on Networth / Equity (%)	11.49	17.93	14.47	4.62	-20.49
Return on Capital Employeed (%)	15.59	17.34	13.20	12.03	15.18
Return On Assets (%)	6.60	8.82	7.46	2.26	-8.58
Long Term Debt / Equity (X)	0.06	0.10	0.06	0.08	0.11
Total Debt / Equity (X)	0.17	0.34	0.29	0.42	0.43
Asset Turnover Ratio (%)	1.40	1.29	1.20	1.01	0.98
Current Ratio (X)	1.80	1.25	1.53	1.44	1.31
Quick Ratio (X)	1.32	0.79	1.06	1.06	0.80
Inventory Turnover Ratio (X)	5.06	4.42	4.01	2.87	3.22
Dividend Payout Ratio (NP) (%)	13.42	9.27	7.97	13.25	-8.90
Dividend Payout Ratio (CP) (%)	7.76	6.24	5.03	4.78	-21.73
Earning Retention Ratio (%)	86.58	90.73	92.03	86.75	108.90
Cash Earning Retention Ratio (%)	92.24	93.76	94.97	95.22	121.73
Interest Coverage Ratio (X)	9.48	11.73	10.31	6.99	5.90
Interest Coverage Ratio (Post Tax) (X)	5.03	8.23	5.91	3.50	2.62
Enterprise Value (Cr.)	10151.18	5530.40	5002.91	2390.53	1258.51
EV / Net Operating Revenue (X)	2.18	1.29	1.68	1.01	0.44
EV / EBITDA (X)	19.15	11.59	15.70	9.55	4.28
MarketCap / Net Operating Revenue (X)	2.15	1.20	1.66	1.02	0.46
Retention Ratios (%)	86.57	90.72	92.02	86.74	108.90
Price / BV (X)	5.06	3.24	3.73	2.11	1.34
Price / Net Operating Revenue (X)	2.15	1.20	1.66	1.02	0.46
EarningsYield	0.02	0.05	0.03	0.02	-0.15

After reviewing the key financial ratios for Minda Corporation Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 2.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 2.00.
For Basic EPS (Rs.), as of Mar 24, the value is 9.65. This value is within the healthy range. It has decreased from 12.10 (Mar 23) to 9.65, marking a decrease of 2.45.
For Diluted EPS (Rs.), as of Mar 24, the value is 9.49. This value is within the healthy range. It has decreased from 11.90 (Mar 23) to 9.49, marking a decrease of 2.41.
For Cash EPS (Rs.), as of Mar 24, the value is 16.36. This value is within the healthy range. It has decreased from 18.10 (Mar 23) to 16.36, marking a decrease of 1.74.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 82.67. It has increased from 66.36 (Mar 23) to 82.67, marking an increase of 16.31.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 82.67. It has increased from 66.36 (Mar 23) to 82.67, marking an increase of 16.31.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 194.61. It has increased from 179.92 (Mar 23) to 194.61, marking an increase of 14.69.
For PBDIT / Share (Rs.), as of Mar 24, the value is 22.18. This value is within the healthy range. It has increased from 19.97 (Mar 23) to 22.18, marking an increase of 2.21.
For PBIT / Share (Rs.), as of Mar 24, the value is 15.24. This value is within the healthy range. It has increased from 14.19 (Mar 23) to 15.24, marking an increase of 1.05.
For PBT / Share (Rs.), as of Mar 24, the value is 12.90. This value is within the healthy range. It has increased from 12.49 (Mar 23) to 12.90, marking an increase of 0.41.
For Net Profit / Share (Rs.), as of Mar 24, the value is 9.42. This value is within the healthy range. It has decreased from 12.32 (Mar 23) to 9.42, marking a decrease of 2.90.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 9.51. This value is within the healthy range. It has decreased from 11.90 (Mar 23) to 9.51, marking a decrease of 2.39.
For PBDIT Margin (%), as of Mar 24, the value is 11.39. This value is within the healthy range. It has increased from 11.09 (Mar 23) to 11.39, marking an increase of 0.30.
For PBIT Margin (%), as of Mar 24, the value is 7.83. This value is below the healthy minimum of 10. It has decreased from 7.88 (Mar 23) to 7.83, marking a decrease of 0.05.
For PBT Margin (%), as of Mar 24, the value is 6.63. This value is below the healthy minimum of 10. It has decreased from 6.94 (Mar 23) to 6.63, marking a decrease of 0.31.
For Net Profit Margin (%), as of Mar 24, the value is 4.84. This value is below the healthy minimum of 5. It has decreased from 6.84 (Mar 23) to 4.84, marking a decrease of 2.00.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 4.88. This value is below the healthy minimum of 8. It has decreased from 6.61 (Mar 23) to 4.88, marking a decrease of 1.73.
For Return on Networth / Equity (%), as of Mar 24, the value is 11.49. This value is below the healthy minimum of 15. It has decreased from 17.93 (Mar 23) to 11.49, marking a decrease of 6.44.
For Return on Capital Employeed (%), as of Mar 24, the value is 15.59. This value is within the healthy range. It has decreased from 17.34 (Mar 23) to 15.59, marking a decrease of 1.75.
For Return On Assets (%), as of Mar 24, the value is 6.60. This value is within the healthy range. It has decreased from 8.82 (Mar 23) to 6.60, marking a decrease of 2.22.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.06. This value is below the healthy minimum of 0.2. It has decreased from 0.10 (Mar 23) to 0.06, marking a decrease of 0.04.
For Total Debt / Equity (X), as of Mar 24, the value is 0.17. This value is within the healthy range. It has decreased from 0.34 (Mar 23) to 0.17, marking a decrease of 0.17.
For Asset Turnover Ratio (%), as of Mar 24, the value is 1.40. It has increased from 1.29 (Mar 23) to 1.40, marking an increase of 0.11.
For Current Ratio (X), as of Mar 24, the value is 1.80. This value is within the healthy range. It has increased from 1.25 (Mar 23) to 1.80, marking an increase of 0.55.
For Quick Ratio (X), as of Mar 24, the value is 1.32. This value is within the healthy range. It has increased from 0.79 (Mar 23) to 1.32, marking an increase of 0.53.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 5.06. This value is within the healthy range. It has increased from 4.42 (Mar 23) to 5.06, marking an increase of 0.64.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 13.42. This value is below the healthy minimum of 20. It has increased from 9.27 (Mar 23) to 13.42, marking an increase of 4.15.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 7.76. This value is below the healthy minimum of 20. It has increased from 6.24 (Mar 23) to 7.76, marking an increase of 1.52.
For Earning Retention Ratio (%), as of Mar 24, the value is 86.58. This value exceeds the healthy maximum of 70. It has decreased from 90.73 (Mar 23) to 86.58, marking a decrease of 4.15.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 92.24. This value exceeds the healthy maximum of 70. It has decreased from 93.76 (Mar 23) to 92.24, marking a decrease of 1.52.
For Interest Coverage Ratio (X), as of Mar 24, the value is 9.48. This value is within the healthy range. It has decreased from 11.73 (Mar 23) to 9.48, marking a decrease of 2.25.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 5.03. This value is within the healthy range. It has decreased from 8.23 (Mar 23) to 5.03, marking a decrease of 3.20.
For Enterprise Value (Cr.), as of Mar 24, the value is 10,151.18. It has increased from 5,530.40 (Mar 23) to 10,151.18, marking an increase of 4,620.78.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 2.18. This value is within the healthy range. It has increased from 1.29 (Mar 23) to 2.18, marking an increase of 0.89.
For EV / EBITDA (X), as of Mar 24, the value is 19.15. This value exceeds the healthy maximum of 15. It has increased from 11.59 (Mar 23) to 19.15, marking an increase of 7.56.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 2.15. This value is within the healthy range. It has increased from 1.20 (Mar 23) to 2.15, marking an increase of 0.95.
For Retention Ratios (%), as of Mar 24, the value is 86.57. This value exceeds the healthy maximum of 70. It has decreased from 90.72 (Mar 23) to 86.57, marking a decrease of 4.15.
For Price / BV (X), as of Mar 24, the value is 5.06. This value exceeds the healthy maximum of 3. It has increased from 3.24 (Mar 23) to 5.06, marking an increase of 1.82.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 2.15. This value is within the healthy range. It has increased from 1.20 (Mar 23) to 2.15, marking an increase of 0.95.
For EarningsYield, as of Mar 24, the value is 0.02. This value is below the healthy minimum of 5. It has decreased from 0.05 (Mar 23) to 0.02, marking a decrease of 0.03.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Minda Corporation Ltd as of March 12, 2025 is: ₹409.75

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of March 12, 2025, Minda Corporation Ltd is Overvalued by 21.20% compared to the current share price 520.00

Intrinsic Value of Minda Corporation Ltd as of March 12, 2025 is: 569.58

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of March 12, 2025, Minda Corporation Ltd is Undervalued by 9.53% compared to the current share price 520.00

Last 5 Year EPS CAGR: 39.01%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has higher reserves (985.08 cr) compared to borrowings (586.77 cr), indicating strong financial stability. The company has shown consistent growth in sales (2.38 cr) and profit (156.23 cr) over the years.	The stock has a low average ROCE of 12.00%, which may not be favorable. The stock has a high average Working Capital Days of 51.42, which may not be favorable. The stock has a high average Cash Conversion Cycle of 50.58, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Minda Corporation Ltd:
1. Net Profit Margin: 4.84%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 15.59% (Industry Average ROCE: 16.36%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 11.49% (Industry Average ROE: 15.36%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 5.03
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 1.32
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 45.4 (Industry average Stock P/E: 30.84)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.17
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Minda Corporation Ltd. is a Public Limited Listed company incorporated on 11/03/1985 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L74899DL1985PLC020401 and registration number is 020401. Currently Company is involved in the business activities of Manufacture of padlocks, locks, keys, hinges and the like, hardware for buildings, furniture, vehicles etc.. Company's Total Operating Revenue is Rs. 3844.50 Cr. and Equity Capital is Rs. 47.80 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Auto Ancl - Others	A-15, Ashok Vihar, Phase-I, Delhi Delhi 110052	investor@mindacorporation.com http://www.sparkminda.com

Management
Name	Position Held
Mr. Ashok Minda	Chairman & Group CEO
Mr. Aakash Minda	Executive Director
Mr. N K Modi	Executive Director
Mr. Ashok Kumar Jha	Independent Director
Ms. Pratima Ram	Independent Director
Mr. Ravi Sud	Independent Director
Mr. Gajanan V Gandhe	Independent Director

FAQ

What is the latest intrinsic value of Minda Corporation Ltd?

The latest intrinsic value of Minda Corporation Ltd as on 08 March 2025 is ₹409.75, which is 21.20% lower than the current market price of 520.00, indicating the stock is overvalued by 21.20%. The intrinsic value of Minda Corporation Ltd is calculated using PE ratio method. The stock has a market capitalization of ₹12,431 Cr. and recorded a high/low of ₹653/366 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹2,054 Cr and total liabilities of ₹3,682 Cr.

What is the Market Cap of Minda Corporation Ltd?

The Market Cap of Minda Corporation Ltd is 12,431 Cr..

What is the current Stock Price of Minda Corporation Ltd as on 08 March 2025?

The current stock price of Minda Corporation Ltd as on 08 March 2025 is ₹520.

What is the High / Low of Minda Corporation Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Minda Corporation Ltd stocks is ₹653/366.

What is the Stock P/E of Minda Corporation Ltd?

The Stock P/E of Minda Corporation Ltd is 45.4.

What is the Book Value of Minda Corporation Ltd?

The Book Value of Minda Corporation Ltd is 87.9.

What is the Dividend Yield of Minda Corporation Ltd?

The Dividend Yield of Minda Corporation Ltd is 0.27 %.

What is the ROCE of Minda Corporation Ltd?

The ROCE of Minda Corporation Ltd is 15.2 %.

What is the ROE of Minda Corporation Ltd?

The ROE of Minda Corporation Ltd is 12.8 %.

What is the Face Value of Minda Corporation Ltd?

The Face Value of Minda Corporation Ltd is 2.00.