Minda Corp. Ltd. (MINDACORP) AI Stock Analysis

• Market Cap: ₹138.30B
• Dividend Yield: 0.23%
• Average Volume (3M): 91.14K
• Price to Earnings (P/E): 51.2
• Beta (1Y): 1.03
• Revenue Growth: 12.99%
• EPS Growth: 2.43%
• Country: IN
• Employees: 3,344
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Parts
• EPS (TTM): 3.50
• Shares Outstanding: 239,079,420
• 10 Day Avg. Volume: 39,162
• 30 Day Avg. Volume: 91,145
• PEG Ratio: 4.14
• Price to Book (P/B): 5.91
• Price to Sales (P/S): 2.57
• P/FCF Ratio: 66.98
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 69 Neutral
• Price Target: ₹634.00 ▲(5.09% Upside)

Minda Corp. Ltd. has a strong financial foundation with robust growth and efficient operations, which is the primary driver of its score. However, technical indicators suggest the stock may be overbought, and the high P/E ratio indicates overvaluation, which tempers the overall score.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective sales strategies, supporting long-term business expansion.

Cash Flow Generation

Strong cash flow generation enhances liquidity and operational flexibility, enabling strategic investments and debt management.

Profit Margins

Improving profit margins reflect efficient cost management and pricing power, contributing to sustainable profitability.

Negative Factors

Debt Levels

Moderate leverage, while manageable, may limit financial flexibility and increase risk in adverse market conditions.

Valuation Concerns

High valuation metrics could indicate market expectations that may not align with future performance, posing investment risks.

Dividend Yield

Low dividend yield may deter income-focused investors, impacting stock attractiveness compared to peers offering higher returns.

Minda Corp. Ltd. Business Overview & Revenue Model

Company Description

Minda Corporation Limited manufactures and sells automobile components and parts. It offers electronic and mechanical security systems, including ignition switch cum steering locks, smart key systems, mechatronic handles, and immobilizers systems; die casting components, such as aluminum high pressure die casting and compressor housing products; and starter motors and alternators. The company also provides information and connected systems comprising instrument clusters; wiring harnesses, steering roll connectors, and junction boxes; and positional, temperature, and speed and exhaust gas temperature sensors. In addition, it offers plastics and interiors, including air vents, glove boxes, centre consoles, cup holders, ash trays, louvers, oil slumps, cylinder heads, and battery trays; aftermarket products, such as filters, clutch plates, bearings, wiper blades, brake shoes and pads, locks, window regulators, and control cables; and products related to electric vehicles, connected systems, antenna, and surface mounting technology. The company offers its products for two and three wheelers, passenger vehicles, commercial vehicles, and off-road vehicles. It operates in India, the rest of Asia, Europe, North America, and South America. The company was formerly known as Minda Switch Auto Pvt. Ltd. and changed its name to Minda Corporation Limited in 2007. Minda Corporation Limited was founded in 1958 and is based in Noida, India. Minda Corporation Limited is a subsidiary of Spark Minda, Ashok Minda Group.

How the Company Makes Money

Minda Corp. Ltd. generates revenue primarily through the manufacturing and sale of automotive components. Its key revenue streams include the production and distribution of lockset systems, die casting components, and electronic control units, which are supplied to original equipment manufacturers (OEMs) in the automotive sector. The company also benefits from strategic partnerships and collaborations with leading global technology and automotive firms, which enhance its product offerings and market reach. Additionally, Minda Corp. Ltd.'s emphasis on innovation and quality control enables it to maintain competitive pricing and customer loyalty, further contributing to its financial performance.

Minda Corp. Ltd. Financial Statement Overview

Summary

Minda Corp. Ltd. exhibits strong financial performance with robust revenue growth, healthy profit margins, and efficient cost management. The balance sheet is stable with moderate leverage, and cash flow generation is strong, supporting liquidity and growth opportunities.

Income Statement

Minda Corp. Ltd. has demonstrated strong revenue growth and profitability. The Gross Profit Margin has consistently improved, reaching 37.8% in the latest year. The Net Profit Margin is solid at 5.0%, showing efficient cost management. Revenue Growth has been robust, with a 9.1% increase from the previous year, indicating positive market reception and demand for its products. The EBIT and EBITDA margins are healthy at 7.3% and 12.0%, respectively, reflecting strong operational efficiency.

Balance Sheet

The balance sheet reflects a stable financial position with an improving equity base. Debt-to-Equity Ratio stands at 0.73, representing a moderate leverage level that provides room for financial maneuverability. Return on Equity is at 11.6%, indicating efficient utilization of equity to generate profits. The Equity Ratio of 45.1% suggests a balanced capital structure with significant equity investment, ensuring financial stability.

Cash Flow

Cash flow generation has been strong, with Free Cash Flow growing significantly at 458.0% from the previous year. The Operating Cash Flow to Net Income Ratio is 2.13, indicating robust cash generation relative to net income, ensuring liquidity and operational flexibility. The Free Cash Flow to Net Income Ratio of 0.76 further supports the strength in cash flow management.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	52.50B	50.56B	46.51B	43.00B	29.76B	23.68B
Gross Profit	19.30B	18.51B	16.78B	14.77B	10.64B	8.47B
EBITDA	5.45B	5.28B	4.79B	4.36B	2.73B	2.00B
Net Income	2.57B	2.55B	2.27B	2.85B	1.92B	528.00M
Balance Sheet
Total Assets	0.00	48.83B	34.39B	32.24B	25.72B	23.30B
Cash, Cash Equivalents and Short-Term Investments	881.00M	1.97B	4.58B	1.37B	3.03B	4.85B
Total Debt	0.00	16.09B	5.35B	7.13B	5.06B	5.28B
Total Liabilities	-22.02B	26.81B	14.58B	16.34B	12.42B	11.83B
Stockholders Equity	22.02B	22.02B	19.81B	15.91B	13.30B	11.47B
Cash Flow
Free Cash Flow	0.00	1.94B	348.00M	1.37B	583.00M	-495.00M
Operating Cash Flow	0.00	5.44B	2.87B	3.87B	1.67B	855.00M
Investing Cash Flow	0.00	-14.09B	1.16B	-4.28B	-90.00M	-1.75B
Financing Cash Flow	0.00	7.89B	-3.58B	743.00M	-1.35B	652.00M

Minda Corp. Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 603.30
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MINDACORP, the sentiment is Negative. The current price of 603.3 is above the 20-day moving average (MA) of 588.83, above the 50-day MA of 589.40, and above the 200-day MA of 539.24, indicating a neutral trend. The MACD of 0.30 indicates Positive momentum. The RSI at 45.00 is Neutral, neither overbought nor oversold. The STOCH value of 47.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:MINDACORP.

Minda Corp. Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LGBBROSLTD	76 Outperform	₹59.35B	18.39	―	1.07%	14.37%	12.68%
SHRIPISTON	73 Outperform	₹140.31B	25.98	―	0.31%	14.43%	15.60%
MINDACORP	69 Neutral	₹138.30B	51.18	―	0.23%	12.99%	2.43%
CEATLTD	69 Neutral	₹150.82B	30.47	―	0.77%	12.61%	-12.56%
VARROC	69 Neutral	₹88.66B	63.71	―	0.16%	7.38%	-73.62%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
SUPRAJIT	54 Neutral	₹63.04B	39.47	―	0.63%	14.20%	16.80%