Minda Corporation Ltd (NSE: MINDACORP): Share of Minda Corporation Limited increased by around 8 percent during the trading on Monday.
The increase in Minda Corporation’s share comes following a huge transaction that included 1.09 crore shares, which is about 4.5 percent of the stake.
Minda Corporation share is closed at Rs 425.50 in Monday trading.
Minda Corporation is part of the Spark Minda Group. The company recently announced that it had been awarded an order by a major Japanese 2W-based company to build smart-key systems for its Pune manufacturing facility.
This collaboration emphasizes “Make in India”. It will also make Minda a world market leader in solutions for vehicle access. This is a crucial task for Minda’s business.
Akash Minda, the Executive Director of the company, stated that they are dedicated to improving its technology and product offerings to meet the increasing consumer demand for high-end products and services.
Minda Corporation’s 52-week high is 442.15 and the shares are currently trading about 2 percent below this mark.
The 52-week low for Minda Corporation is 185 rupees and its shares are trading approximately 132 percent higher than this.
The mutual fund raised its share of the business from 11.51 percent to 13.39 percent during the quarter ending December.
There are now 13 mutual fund schemes that invest in the company. The company has also seen a rise in its number of investors during December the total number of investors from FII/FPI within the company grew from 89 to 97.
About Minda Corporation Ltd
Minda Corporation Ltd. is one of the leading automotive component manufacturers in the world.
The company was known as Minda Switch Auto Pvt. Ltd. in 2007 and later changed to Minda Corporation Limited. Minda Corporation Limited, a company based in Noida India, was founded in 1959.
The company manufactures, assembles, and sells safety and security products. The company is involved in the automotive industry in India, Asia, and America.
Fundamental Analysis of Minda Corporation Ltd
| Market Cap | ₹ 9,374 Cr. |
| Current Price | ₹ 425.50 |
| 52-wk High | ₹ 442.15 |
| 52-wk Low | ₹ 185 |
| Stock P/E | 36.49 |
| Book Value | ₹ 78.5 |
| Dividend | 0.28 % |
| ROCE | 16.5 % |
| ROE | 19.6 % |
| Face Value | ₹ 2.00 |
| P/B Value | 5.42 |
| OPM | 10.9 % |
| EPS | ₹ 11.6 |
| Debt | ₹ 765 Cr. |
| Debt to Equity | 0.41 |
Minda Corporation Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹ 415 | ₹ 540 |
| 2025 | ₹ 555 | ₹ 618 |
| 2026 | ₹ 625 | ₹ 700 |
| 2027 | ₹ 725 | ₹ 842 |
| 2028 | ₹ 850 | ₹ 912 |
| 2029 | ₹ 1100 | ₹ 1180 |
| 2030 | ₹ 1200 | ₹ 1400 |
Minda Corporation Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 64.72% |
| Mar 2023 | 64.72% |
| June 2023 | 64.72% |
| Sept 2023 | 64.84% |
| Dec 2023 | 64.84% |
| FII Holding | |
| Dec 2022 | 3.61% |
| Mar 2023 | 5.06% |
| June 2023 | 5.74% |
| Sept 2023 | 5.53% |
| Dec 2023 | 3.73% |
| DII Holding | |
| Dec 2022 | 13.84% |
| Mar 2023 | 11.83% |
| June 2023 | 11.88% |
| Sept 2023 | 13.20% |
| Dec 2023 | 16.81% |
| Public Holding | |
| Dec 2022 | 16.14% |
| Mar 2023 | 16.68% |
| June 2023 | 15.99% |
| Sept 2023 | 14.78% |
| Dec 2023 | 12.99% |
| Others Holding | |
| Dec 2022 | 1.68% |
| Mar 2023 | 1.68% |
| June 2023 | 1.65% |
| Sept 2023 | 1.65% |
| Dec 2023 | 1.62% |
Minda Corporation Ltd Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 3,092 Cr |
| 2020 | ₹ 2,223 Cr |
| 2021 | ₹ 2,368 Cr |
| 2022 | ₹ 2,976 Cr |
| 2023 | ₹ 4,511 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 169 Cr |
| 2020 | ₹ -200 Cr |
| 2021 | ₹ 53 Cr |
| 2022 | ₹ 192 Cr |
| 2023 | ₹ 278 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0.45 |
| 2020 | 0.44 |
| 2021 | 0.42 |
| 2022 | 0.3 |
| 2023 | 0.35 |
Last 10 Years’ Profit Growth:
| 10 Years: | 49% |
| 5 Years: | 15% |
| 3 Years: | 51% |
| Current Year: | 17% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 11% |
| 5 Years: | 8% |
| 3 Years: | 13% |
| Last Year: | 20% |
Sales Growth Over 10 Years:
| 10 Years: | 7% |
| 5 Years: | 11% |
| 3 Years: | 25% |
| Current Year: | 8% |
Conclusion
This article is a complete guide about Minda Corporation Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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