MINDA CORPORATION LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 492.4 INR | -0.93% |
|
+2.29% | +27.48% |
| 06-17 | Minda Corp, Taiwan's Hsin Chong to Form Joint Venture for Automotive Sunroof Manufacturing | MT |
| 06-06 | Uno Minda Signs Technical License Agreement with China's Suzhou lnovance Automotive | MT |
Valuation
| Fiscal Period: Marzo | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 30,845 | 13,111 | 24,027 | 49,442 | 50,534 | 115,740 | - | - |
| Enterprise Value (EV) 1 | 30,845 | 13,111 | 23,038 | 50,021 | 51,535 | 98,181 | 115,874 | 113,601 |
| P/E ratio | 18.2 x | -6.43 x | 43.9 x | 25.8 x | 18.1 x | 44 x | 37.1 x | 28.8 x |
| Yield | 0.52% | 0.61% | 0.65% | 0.48% | 0.56% | 0.3% | 0.35% | 0.43% |
| Capitalization / Revenue | 1 x | 0.47 x | 1.01 x | 1.66 x | 1.18 x | 2.11 x | 2.16 x | 1.85 x |
| EV / Revenue | 1 x | 0.47 x | 0.97 x | 1.68 x | 1.2 x | 2.11 x | 2.16 x | 1.82 x |
| EV / EBITDA | 10.6 x | 5.25 x | 10.6 x | 17 x | 11.2 x | 19.1 x | 18.7 x | 15.1 x |
| EV / FCF | 34.5 x | 4.34 x | -46.6 x | 85.8 x | 37.7 x | 34.6 x | 78.7 x | 46.8 x |
| FCF Yield | 2.9% | 23% | -2.15% | 1.17% | 2.65% | 2.89% | 1.27% | 2.14% |
| Price to Book | 2.58 x | 1.34 x | 2.1 x | 3.72 x | 3.23 x | 5.72 x | 5.21 x | 4.52 x |
| Nbr of stocks (in thousands) | 227,222 | 227,222 | 239,079 | 239,079 | 234,876 | 235,052 | - | - |
| Reference price 2 | 135.8 | 57.70 | 100.5 | 206.8 | 215.2 | 492.4 | 492.4 | 492.4 |
| Announcement Date | 5/28/19 | 7/15/20 | 5/18/21 | 5/17/22 | 5/19/23 | 5/22/24 | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: Marzo | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 30,920 | 28,131 | 23,679 | 29,759 | 43,000 | 46,511 | 53,566 | 62,411 |
| EBITDA 1 | 2,924 | 2,499 | 2,170 | 2,946 | 4,610 | 5,140 | 6,208 | 7,531 |
| EBIT 1 | 2,041 | 1,320 | 1,234 | 1,825 | 3,234 | 3,486 | 4,110 | 5,344 |
| Operating Margin | 6.6% | 4.69% | 5.21% | 6.13% | 7.52% | 7.49% | 7.67% | 8.56% |
| Earnings before Tax (EBT) 1 | 2,360 | -1,544 | 1,247 | 2,085 | 2,985 | 3,085 | 4,124 | 5,352 |
| Net income 1 | 1,675 | -1,998 | 528 | 1,919 | 2,845 | 2,272 | 3,141 | 4,073 |
| Net margin | 5.42% | -7.1% | 2.23% | 6.45% | 6.62% | 4.89% | 5.86% | 6.53% |
| EPS 2 | 7.450 | -8.980 | 2.290 | 8.010 | 11.89 | 9.490 | 13.27 | 17.10 |
| Free Cash Flow 1 | 893 | 3,020 | -494.4 | 583.3 | 1,368 | 3,193 | 1,473 | 2,428 |
| FCF margin | 2.89% | 10.74% | -2.09% | 1.96% | 3.18% | 6.82% | 2.75% | 3.89% |
| FCF Conversion (EBITDA) | 30.55% | 120.83% | - | 19.8% | 29.67% | 61.4% | 23.73% | 32.25% |
| FCF Conversion (Net income) | 53.33% | - | - | 30.4% | 48.08% | 141.03% | 46.9% | 59.62% |
| Dividend per Share 2 | 0.7000 | 0.3500 | 0.6500 | 1.000 | 1.200 | 1.467 | 1.733 | 2.100 |
| Announcement Date | 5/28/19 | 7/15/20 | 5/18/21 | 5/17/22 | 5/19/23 | 5/22/24 | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 7,398 | 7,941 | 5,586 | 7,312 | 7,383 | 9,478 | 10,102 | 11,471 | 10,683 | 10,745 | 12,388 | 12,285 | 12,117 | 11,710 |
| EBITDA 1 | 818.2 | 889.8 | 308.1 | 773 | 787.1 | 1,077 | 1,066 | 1,238 | 1,140 | 1,147 | 1,399 | 1,363 | 1,362 | 1,259 |
| EBIT | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) 1 | - | - | - | - | - | - | - | - | 738.8 | 634.3 | - | - | - | - |
| Net income 1 | - | - | - | - | - | - | - | 578.1 | 522.6 | 452.1 | 633 | 613 | 607 | 616.3 |
| Net margin | - | - | - | - | - | - | - | 5.04% | 4.89% | 4.21% | 5.11% | 4.99% | 5.01% | 5.26% |
| EPS 2 | - | - | - | - | - | - | - | 2.420 | 2.190 | 1.890 | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/3/21 | 5/18/21 | 8/12/21 | 11/2/21 | 2/4/22 | 5/17/22 | 8/5/22 | 11/5/22 | 2/8/23 | 8/3/23 | - | - | - | - |
1INR in Million2INR
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | 579 | 1,001 | - | 134 | - |
| Net Cash position 1 | - | - | 990 | - | - | 5,376 | - | 2,139 |
| Leverage (Debt/EBITDA) | - | - | - | 0.1965 x | 0.2171 x | - | 0.0216 x | - |
| Free Cash Flow 1 | 893 | 3,020 | -494 | 583 | 1,368 | 3,193 | 1,473 | 2,429 |
| ROE (net income / shareholders' equity) | 16.1% | 8.61% | 8.82% | 15.5% | 19.5% | 17.2% | 14.9% | 16.8% |
| ROA (Net income/ Total Assets) | - | - | - | 7.83% | - | - | - | - |
| Assets 1 | - | - | - | 24,508 | - | - | - | - |
| Book Value Per Share 2 | 52.60 | 43.10 | 48.00 | 55.60 | 66.50 | 86.10 | 94.60 | 109.0 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 1,201 | 1,484 | 1,350 | 1,085 | 2,507 | 2,718 | 3,143 | 2,897 |
| Capex / Sales | 3.88% | 5.27% | 5.7% | 3.65% | 5.83% | 5.8% | 5.87% | 4.64% |
| Announcement Date | 5/28/19 | 7/15/20 | 5/18/21 | 5/17/22 | 5/19/23 | 5/22/24 | - | - |
1INR in Million2INR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
4
Last Close Price
492.4
INR
Average target price
465.8
INR
Spread / Average Target
-5.41%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +27.48% | 1.39B | |
| +20.40% | 46.39B | |
| -21.78% | 19.09B | |
| +27.68% | 16.72B | |
| +100.93% | 16.63B | |
| -3.07% | 16.13B | |
| +2.11% | 15.67B | |
| -20.36% | 13.26B | |
| +58.34% | 12.41B | |
| -26.39% | 12.15B |
- Stock Market
- Equities
- MINDACORP Stock
- Financials Minda Corporation Limited
