loader2
Partner With Us NRI

Minda Corporation Ltd share Price Today

Company details

420.55
423.50
270.55
449.95
6M Return 12.89%
1Y Return 51.58%
Mkt Cap.(Cr) 10,071.20
Volume 4,562
Div Yield 0.77%
OI
-
OI Chg %
-
Volume 4,562

Open Free Trading Account Online with ICICIDIRECT

Incur '0' Brokerage upto ₹500
About The Stock

    About the stock: Minda Corporation (MCL) primarily serves auto OEMs across 2 main verticals – Mechatronics & Aftermarket (i.e., MCH – safety & security, die-casting, starter motors etc.) and Information & Connected Systems (i.e., ICS – mainly wiring harnesses and instrument clusters).

    • FY21 segment mix –2-W ~52%, CV ~21%, PV ~11%, Aftermarket ~16%.
    • FY21 product mix – MCH ~58%, ICS ~42%
Key Highlights
    • Steadily stepping up the game in the EV space with development of new products in-house. Potential kit value in electric 2-W seen at ₹16,000-20,000/unit from prevailing ICE 2-W kit value at ₹ 4,000-4,500/unit.
    • Increase in kit value envisaged through content increase in existing products as well as new product offerings. On-boarded marquee EV OEM’s like Ola Electric (sole supplier of smart key), Hero Electric, Ampere among others.
    • History of out-growing base OEM industry in the past with further commitment to grow 10-15% ahead of industry volumes going forward.

Click here for full recommendation

Research view on more stocks

Auto Parts & Equipment company Minda Corporation announced Q4FY24 results:

  • Highest Ever Operating Revenue of Rs 1,215 crore, a growth of 13.1% YoY
  • EBITDA margin of 11.4%, an increase of 52 bps YoY
  • Reported PAT of Rs 71 crore with a margin of 5.8%
  • Highest Ever Operating Revenue of Rs 4,651 crore with a growth of 8.2%
  • EBITDA margin of 11.1%, an increase of 33 bps YoY
  • Reported PAT of Rs 227 crore with a margin of 4.9%

Commenting on the results, Ashok Minda, Chairman and Group CEO said, "Our resilient performance this year underlines our commitment to sustainable business practices and innovation. Achieving record revenue and robust growth reflects our focus on premiumisation and transformation. As one of the leading players in smart mobility space, our expanding EV order books, investments in advanced technologies and sustainable solutions reaffirm our commitment to driving sustainable growth.”

In recognition of our shareholders, the board of directors have recommended final dividend of 45% i.e Rs 0.90 per equity share on the face value, taking the total dividend for the year to 70% i.e. Rs 1.40 per equity share.

Our commitment to research and innovation is underlined by the filing of 26 new patents this year, increasing patent portfolio to over 270, highlighting our relentless pursuit of technological advancement. Additionally, we were granted 69 patents in FY24, highest ever since inception.

Result PDF

View Other Company Results

Minda Corporation Ltd shares SWOT Analysis

Strengths (7)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Company with Low Debt

Weakness (0)

Data not found

Opportunity (1)

  • Negative to Positive growth in Sales and Profit with Strong Price momentum

Threats (2)

  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income

Resistance and support

R1 427.3
R2 431.0
R3 436.1
Pivot

422.22

S1 418.5
S2 413.4
S3 409.7
EMA SMA
419.4
414.3
403.7
375.6
417.8
411.7
409.6
376.8
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
MOTILAL OSWAL MUTUAL FUND Bulk Purchase 2024-02-19 403 4370000 BSE
KOTAK MAHINDRA MUTUAL FUND Bulk Purchase 2024-02-19 403 3693700 BSE
BELA AGARWAL Bulk Sell 2024-02-19 403 10850700 BSE
Name Category Shares
ASHOK MINDA PROMOTER 34.19%
SARIKA MINDA PROMOTER 13.97%
MINDA CAPITAL PRIVATE LIMITED PROMOTER 16.14%
WHITELINE BARTER LIMITED PROMOTER 0.55%

OUR RESEARCH VIEW

Investment recommendation
Call Date
22 Apr 2022
Entry Price 260.00
Target Price -
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Minda Corporation Ltd Stocks COMPARISON

Financials( in Cr) Minda Corporation Ltd Samvardhana Motherson International Ltd Bosch Ltd Uno Minda Ltd Exide Industries Ltd
Price 421.25 145.50 31,257.95 873.70 501.85
% Change -0.54 -1.49 0.42 0.88 -0.98
Mcap Cr 10,071.20 98,596.93 92,192.20 50,158.68 42,657.25
Revenue TTM Cr 4,300.10 78,700.70 14,929.30 11,236.49 15,078.16
Net Profit TTM Cr 294.40 1,669.60 1,424.30 700.23 822.77
PE TTM 44.59 34.65 50.14 57.82 49.13
1 Year Return 51.58 80.63 70.85 57.79 140.75
ROCE 16.16 8.59 17.05 18.68 10.55
ROE 20.22 7.76 13.14 18.44 7.58
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,591.60 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 38,211.58 -20,152.87
LAST 3M 113,440.41 -31,179.37
LAST 6M 172,266.38 32,742.67
LAST 12M 272,035.18 123,918.17
Minda Corporation Limited - Updates

May 29, 2024 l NSE Announcement

Minda Corporation to convene AGM

May 23, 2024 l BSE Announcement

Minda Corporation Limited - Updates

May 23, 2024 l NSE Announcement

Date Action Type Ratio
Feb 14, 2024 Dividend 25
Jul 21, 2023 Dividend 40
Feb 17, 2023 Dividend 20

Minda Corporation Ltd Information

Stock PE (TTM)
44.59
Promoter Holding
64.84%
Book Value
82.8451
ROCE
16.16%
ROE
20.22%
Description
  • Minda Corporation Ltd. is the flagship company of Spark Minda. It is one of the leading manufacturers of automotive components for original equipment manufacturers (OEMs). It was incorporated in 1985 with its headquarters in New Delhi. For the quarter ended June 2022, the company’s total income was Rs 1,014.46 crore. It was up 6.53% from the total income of Rs 952.31 crore in the previous quarter ended March 2022. On 8 August 2022, the company’s market capitalisation was valued at Rs HYPERLINK "https://www.moneycontrol.com/india/stockpricequote/auto-ancillaries/mindacorporation/MC23" 5,986 crore. 

    The company is listed on the Bombay Stock Exchange with the code 538962, and on the National Stock Exchange with the code MINDACORP.  

    Minda Corporation Ltd. is a diversified company. Its product portfolio comprises door systems, mechanical and electronic security systems, plastic interiors, and electronic controllers for electric vehicles. It also manufactures die casting parts for the auto and consumer durable industry. The company has 28 manufacturing facilities across India and six global manufacturing facilities in Poland, Indonesia, Vietnam, Mexico, the Czech Republic, and Germany.  

    On 30 June 2022, the promoters had a 64.73% stake in the company. The foreign institutional investor stake was 3.69%, the domestic institutional investor stake was 13.96%, and the public stake was 15.9%. Mr Ashok Minda, the company’s chairman and group CEO, has an individual stake of 34.1%.  

    The other directors and board members include Mr Aakash Minda, Mr Rakesh Chopra, Mr N K Modi, Mr Ravi Sud, Mrs Pratima Ram, Mr Ashok Kumar Jha, and Mr Avinash Parkash Gandhi. The auditors are S R Batliboi & Co. LLP and B S R & Co. LLP.  

    On 8 August 2022, Minda Corporation Ltd.’s share price on BSE closed at Rs 251.45. The company’s share price on NSE closed at Rs 251.60. The 52-week high for Minda Corporation Ltd.’s share price was Rs 287, and the company’s 52-week low was Rs 114.35.  

    As of June 2022, PGIM India Small Cap Fund had a 2.03% stake in Minda Corporation Ltd. Mahindra Manulife Multi Cap Badhat Yojana had a 1.82% stake, Aditya Birla SL Pure Value Fund had a 1.42% stake, and UTI - Transportation & Logistics Fund had a 1.29% stake. 

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

A-15 Ashok Vihar, Phase - 1, New Delhi, Delhi, 110052

Tel : 91-011-27213326/91-0124-4698400-427
Email : pmann:mindacorporation.com
Website : http://www.sparkminda.com
Registrar

Skyline Financial Services Pvt

AGM Date (Month) : Jul
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 538962
NSE Code : MINDACORP
Book Closure Date (Month) : Jul
BSE Group : A
ISIN : INE842C01021

FAQ’s on Minda Corporation Ltd Shares

You can buy Minda Corporation Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Minda Corporation Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 30, 2024 09:24 AM the closing price of Minda Corporation Ltd was Rs.421.25.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 30, 2024 09:24 AM, the market cap of Minda Corporation Ltd stood at Rs. 10,071.20.

The latest PE ratio of Minda Corporation Ltd as of May 30, 2024 09:24 AM is 44.59

The latest PB ratio of Minda Corporation Ltd as of May 30, 2024 09:24 AM is 0.20

The 52-week high of Minda Corporation Ltd share price is Rs. 449.95 while the 52-week low is Rs. 270.55

According to analyst recommendations, Minda Corporation Ltd Share has a "Buy" rating for the long term.

Download App

Download Our App

Play Store App Store
market app