appMinda Corporation Ltd
ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD
Stock has not been able to generate better return on equity than bank FD
Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company
Stock doesn't offer attractive dividend returns
Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock
Good time to consider, as stock is not in overbought zone
No Red FlagsASM and GSM lists are measures to safeguard investors against volatility and unjustified stock prices. Pledging holdings means taking loans against held promoter shares. Stocks in ASM/GSM list or with high pledged promoter holding should be handled with caution. Unsolicited tips are sometimes circulated to manipulate the market. Beware of these stocks
Stock not in ASM/GSM lists and not a lot of promoter holding is pledged
Minda Corporation Ltd
MINDACORP
Price Chart
Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa
Current price is more than the intrinsic value
ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD
Stock has not been able to generate better return on equity than bank FD
Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company
Stock doesn't offer attractive dividend returns
Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock
Good time to consider, as stock is not in overbought zone
No Red FlagsASM and GSM lists are measures to safeguard investors against volatility and unjustified stock prices. Pledging holdings means taking loans against held promoter shares. Stocks in ASM/GSM list or with high pledged promoter holding should be handled with caution. Unsolicited tips are sometimes circulated to manipulate the market. Beware of these stocks
Stock not in ASM/GSM lists and not a lot of promoter holding is pledged
Key MetricsEdit
Forecast & RatingsDetailed Forecast
Analysts have suggested that investors can buy this stock
Company Profile
Minda Corporation Limited is a holding company. The Company manufactures auto components/accessories from various locations in India. The Company's principal products/services include lock kits, spares, and locks and ignition switches. The Company's geographical segments include Revenue within India (Domestic) and Revenue outside India (Overseas). The Revenue within India (Domestic) segment includes sale to customers located within India. The Revenue outside India (Overseas) segment includes sale of products manufactured in India and outside India to customers located outside India. The Company offers a diversified product portfolio that encompasses safety, security and restraint systems; driver information and telematics systems, and interior systems for auto original equipment manufacturers. Its products cater to two/three wheelers, passenger vehicles, commercial vehicles and after-market. Its manufacturing facilities are located in India, South-East Asia, Europe and North America.
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PeersCompare with peers
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Financial TrendFinancial statements
Holdings TrendDetailed holdings
Increased Total Promoter HoldingIncreasing promoter holding is considered good and reflects management’s positive view about the future outlook
In last 6 months, promoter holding in the company has increased by 1.11%
Low Pledged Promoter HoldingLower pledged promoter holdings is considered better
Pledged promoter holdings is insignificant
Mutual Fund HoldingIncreasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock
In last 3 months, mutual fund holding of the company has almost stayed constant
Recent NewsAll news
Hot Stocks | Minda Corp, Rallis, EIH can give at least 10% return in short term. Here’s why
3 weeks ago•Moneycontrol
Minda Corporation Q2 Results: Profit rises 48% YoY to Rs 57.8 crore
3 weeks ago•Economic Times
Buy Minda Corporation, target price Rs 255: Axis Securities
3 weeks ago•Economic Times
Recent EventsAll events
General updates
Minda Corporation Limited has informed the Exchange about Press Release - Minda Corporation Limited announces Technology License Agreement (TLA) with LocoNav for white-labelling of Telematics Software for both Web & Android/iOS platforms | Download
Minda Corporation Limited has informed the Exchange about Press Release - Minda Corporation Limited announces Technology License Agreement (TLA) with LocoNav for white-labelling of Telematics Software for both Web & Android/iOS platforms | Download
Cash Dividend
Final • Div/Share: ₹ 0.7
Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa
Current price is more than the intrinsic value