Minda Corporation Ltd
NSE: MINDACORP BSE: 538962
â‚ą678.55
-6.05 (0.88%)
Sun, 08 Nov 2026, 07:58 am
Market Cap (in Cr)16376.94
PE Ratio29.00
Dividend0.20
Producer Manufacturing
Auto Parts: OEM
24.5KMinda Corporation Analysis
dividend
- Dividends paid are thoroughly covered by earnings (8x coverage).
- Dividends after 3 years are expected to be well covered by earnings (6.2x coverage).
- Minda's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.76%).
- Dividend payments have increased, but Minda only paid a dividend in the past 8 years.
- Minda has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
- Minda's dividend is below the markets top 25% of dividend payers in India (3.08%).
future
- Minda's earnings growth is expected to exceed the low risk savings rate of 7.2%.
- Performance (ROE) is expected to be above the current IN Auto Components industry average.
- Minda's revenue growth is expected to exceed the India market average.
- Cash flow for Minda is expected to decrease over the next 2 years.
- Minda's earnings are expected to grow by 12.2% yearly, however this is not considered high growth (20% yearly).
- Minda's earnings growth is positive but not above the India market average.
- Minda's earnings are expected to decrease over the next year.
- Minda's net income is expected to increase but not above the 50% threshold in 2 years time.
- Minda is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
- A decline in Minda's performance (ROE) is expected over the next 3 years.
- Minda's revenue is expected to increase but not above the 50% threshold in 2 years time.
- Minda's revenue is expected to grow by 7.3% yearly, however this is not considered high growth (20% yearly).
health
- Minda is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Minda is profitable, therefore cash runway is not a concern.
- Minda is profitable, therefore cash runway is not a concern.
- Debt is well covered by operating cash flow (60.8%, greater than 20% of total debt).
- Debt is covered by short term assets, assets are 2.1x debt.
- Minda's cash and other short term assets cover its long term commitments.
- The level of debt compared to net worth has been reduced over the past 5 years (102.2% vs 51.9% today).
- Interest payments on debt are well covered by earnings (EBIT is 7.7x coverage).
- Minda's level of debt (51.9%) compared to net worth is high (greater than 40%).
- High level of physical assets or inventory.
management
- The tenure for the Minda board of directors is about average.
- Ashok's compensation has been consistent with company performance over the past year, both up more than 20%.
- Ashok's remuneration is higher than average for companies of similar size in India.
- The average tenure for the Minda management team is less than 2 years, this suggests a new team.
misc
- Minda is covered by less than 3 analysts.
- Minda has significant price volatility in the past 3 months.
past
- Minda's year on year earnings growth rate has been positive over the past 5 years.
- Minda used its assets more efficiently than the IN Auto Components industry average last year based on Return on Assets.
- Minda's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Minda's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
- Minda has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Minda's 1-year earnings growth is negative, it can't be compared to the IN Auto Components industry average.
value
- Minda is good value based on expected growth next year.
- Minda is good value based on earnings compared to the IN Auto Components industry average.
- Minda is good value based on earnings compared to the India market.
- Minda's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
- Minda's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
- Minda is overvalued based on assets compared to the IN Auto Components industry average.
- MINDACORP underperformed the Auto Components industry which returned -22.4% over the past year.
- MINDACORP underperformed the Market in India which returned -14.5% over the past year.
- NSEI:MINDACORP is up 3.3% underperforming the Auto Components industry which returned 13.2% over the past month.
- NSEI:MINDACORP is up 3.3% underperforming the market in India which returned 8% over the past month.
