MINDACORP

Minda Corporation Share Price

₹555.3
-0.6 (-0.11%)
  • Advice
  • Hold
18 September, 2024 02:35 BSE: 538962 NSE: MINDACORP ISIN: INE842C01021

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Minda Corporation Performance

Day Range

  • Low 548
  • High 562
₹ 555

52 Week Range

  • Low 313
  • High 652
₹ 555
  • Open Price561
  • Previous Close556
  • Volume488231

Minda Corporation Chart

  • Over 1 Month + 7.31%
  • Over 3 Month + 21.6%
  • Over 6 Month + 46.61%
  • Over 1 Year + 61.61%

Minda Corporation Key Statistics

P/E Ratio 53.9
PEG Ratio -4.8
Market Cap Cr
Price to Book Ratio 6.7
EPS 7.9
Dividend 0.3
Relative Strength Index 53.06
Money Flow Index 46.97
MACD Signal 10.07
Average True Range 21.92

Minda Corporation Investment Rating

  • Master Rating:
  • Minda Corporation has an operating revenue of Rs. 4,769.02 Cr. on a trailing 12-month basis. An annual revenue growth of 8% is good, Pre-tax margin of 7% is okay, ROE of 11% is good. The company has a reasonable debt to equity of 7%, which signals a healthy balance sheet. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 23% above 200DMA. It needs to take support around the 50 DMA level to continue further upside move. From an O'Neil Methodology perspective, the stock has an EPS Rank of 86 which is a GOOD score indicating consistency in earnings, a RS Rating of 68 which is FAIR indicating the recent price performance, Buyer Demand at B which is evident from recent demand for the stock, Group Rank of 64 indicates it belongs to a poor industry group of Auto/Truck-Original Eqp and a Master Score of B is close to being the best. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock is lagging behind in some of the technical parameters, but great earnings make it a stock to examine in more detail.

EPS Strength

Price Strength

Buyer Demand

Group Rank

Minda Corporation Financials
IndicatorJun 2024Mar 2024Dec 2023Sep 2023Jun 2023Mar 2023
Oper Rev Qtr Cr 9671,005969990880885
Operating Expenses Qtr Cr 859883856879789795
Operating Profit Qtr Cr 1081221131119189
Depreciation Qtr Cr 383634343231
Interest Qtr Cr 101214151412
Tax Qtr Cr 1821221612-60
Net Profit Qtr Cr 5262444835111
IndicatorMar 2024Mar 2023
Total Revenue Annual Cr 3,8593,534
Operating Expenses Annual Cr 3,4073,136
Operating Profit Annual in Cr 437357
Depreciation Cr 136110
Interest Annual Cr 5539
Tax Annual Cr 72-16
Net Profit Annual Cr 189241
IndicatorMar 2024Mar 2023
Cash from Operating Activity Annual Cr 242375
Cash from Investing Activity Annual Cr 144-452
Cash from Financing Annual Activity Cr -355108
Net Cash Flow Annual Cr 3131
IndicatorMar 2024Mar 2023
Total ShareHolders Funds Annual Cr 1,7341,379
Fixed Assets Annual Cr 980857
Total Non Current Assets Annual Cr 1,3991,630
Total Current Assets Annual Cr 1,6071,214
Total Assets Annual Cr 3,0062,844
IndicatorMar 2024Mar 2023
Book Value Per Share Annual Rs 7358
ROE Annual % 1117
ROCE Annual % 1517
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 1211
IndicatorJun 2024Mar 2024Dec 2023Sep 2023Jun 2023Mar 2023
Oper Rev Qtr Cr 1,1921,2151,1661,1961,0751,075
Operating Expenses Qtr Cr 1,0611,0761,0361,065960958
Operating Profit Qtr Cr 132139130131115117
Depreciation Qtr Cr 464442413939
Interest Qtr Cr 101214151412
Tax Qtr Cr 2223251917-55
Net Profit Qtr Cr 6471525945122
IndicatorMar 2024Mar 2023
Total Revenue Annual Cr 4,6674,316
Operating Expenses Annual Cr 4,1373,839
Operating Profit Annual in Cr 514462
Depreciation Cr 166138
Interest Annual Cr 5641
Tax Annual Cr 834
Net Profit Annual Cr 227285
IndicatorMar 2024Mar 2023
Cash from Operating Activity Annual Cr 287387
Cash from Investing Activity Annual Cr 117-428
Cash from Financing Annual Activity Cr -35874
Net Cash Flow Annual Cr 4534
IndicatorMar 2024Mar 2023
Total ShareHolders Funds Annual Cr 1,9761,586
Fixed Assets Annual Cr 1,1771,018
Total Non Current Assets Annual Cr 1,4601,641
Total Current Assets Annual Cr 1,9801,583
Total Assets Annual Cr 3,4393,224
IndicatorMar 2024Mar 2023
Book Value Per Share Annual Rs 8366
ROE Annual % 1118
ROCE Annual % 1617
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 1111

Minda Corporation Technicals

EMA & SMA

Current Price
₹555.3
-0.6 (-0.11%)
pointer
  • Bullish Moving Average
  • ___
  • 15
  • Bearish Moving Average
  • ___
  • 1
  • 20 Day
  • ₹551.24
  • 50 Day
  • ₹528.63
  • 100 Day
  • ₹495.31
  • 200 Day
  • ₹448.62
  • 20 Day
  • ₹565.48
  • 50 Day
  • ₹525.05
  • 100 Day
  • ₹483.09
  • 200 Day
  • ₹441.93

Minda Corporation Resistance and Support

PIVOT
₹554.94
Resistance
First Resistance 562.37
Second Resistance 569.43
Third Resistance 576.87
RSI 53.06
MFI 46.97
MACD Single Line 10.07
MACD 5.34
Support
First Support 547.87
Second Support 540.43
Third Supoort 533.37

Minda Corporation Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 534,394 24,929,480 46.65
Week 462,816 20,317,640 43.9
1 Month 1,721,182 32,908,997 19.12
6 Month 778,416 32,958,135 42.34

Minda Corporation Result Highlights

Minda Corporation Synopsis

NSE-Auto/Truck-Original Eqp

Minda Corporation 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. 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.
Market Cap 13,290
Sales 3,931
Shares in Float 8.37
No of funds 117
Yield 0.25
Book Value 7.66
U/D Vol ratio 3.7
LTDebt / Equity 8
Alpha 0.11
Beta 0.91

Minda Corporation Shareholding Pattern

Owner NameJun-24Mar-24Dec-23Sep-23
Promoters 64.84%64.84%64.84%64.84%
Mutual Funds 16.82%16.88%13.39%11.51%
Insurance Companies 3.7%3.6%3.27%1.54%
Foreign Portfolio Investors 6.07%5.07%3.73%5.53%
Financial Institutions/ Banks
Individual Investors 4.69%5.54%10.3%11.41%
Others 3.88%4.07%4.47%5.17%

Minda Corporation Management

Name Designation
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

Minda Corporation Forecast

Price Estimates

2,000(9.8%)
1,758(-3.5%)
1,590(-12.7%)

Other Analyst Rating

Minda Corporation Corporate Action

Date Purpose Remarks
2024-08-08 Quarterly Results
2024-05-22 Audited Results & Final Dividend
2024-02-01 Quarterly Results & Interim Dividend
2023-11-02 Quarterly Results
2023-08-03 Quarterly Results
Date Purpose Remarks
2024-02-14 INTERIM Rs.0.50 per share(25%)Interim Dividend
2023-02-18 INTERIM Rs.0.40 per share(20%)Interim Dividend
2022-02-16 INTERIM Rs.0.30 per share(15%)Interim Dividend
2021-02-16 INTERIM Rs.0.30 per share(15%)Interim Dividend

Minda Corporation FAQs

What is Share Price of Minda Corporation ?

Minda Corporation share price is ₹555 As on 18 September, 2024 | 02:21

What is the Market Cap of Minda Corporation ?

The Market Cap of Minda Corporation is ₹13276.1 Cr As on 18 September, 2024 | 02:21

What is the P/E ratio of Minda Corporation ?

The P/E ratio of Minda Corporation is 53.9 As on 18 September, 2024 | 02:21

What is the PB ratio of Minda Corporation ?

The PB ratio of Minda Corporation is 6.7 As on 18 September, 2024 | 02:21

Q2FY23
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