Check Before You Invest : Minda Corporation Ltd

Q: Which industry/sub-sector does Minda Corporation Ltd belong to?

Minda Corporation Ltd belongs to the Automobiles sector, operating specifically within the Auto Ancillary segment.

Q: Is Minda Corporation Ltd a good quality company?

Minda Corporation Ltd is a good quality company, based on a consistently good multi-year financial track record. This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

Q: Is Minda Corporation Ltd undervalued or overvalued?

Minda Corporation Ltd appears Overvalued, as its key valuation ratios are higher than their past averages. Based on the industry it operates in, the relevant valuation ratios include one of the following, P/E, P/BV, P/Sales, EV/EBITDA or a combination of two or more. Valuation Ratios. Price to Earnings, Current: 44.57, Historic Median: 36.50. Price to Book, Current: 5.12, Historic Median: 5.13. Price to Sales, Current: 2.21, Historic Median: 2.20. EV to EBITDA, Current: 20.46, Historic Median: 20.33

Q: Is Minda Corporation Ltd a good buy now?

Minda Corporation Ltd is a neutral opportunity now, based on stable price trend analysis suggesting prices may move sideways. However, you need to check its quality and valuation before making a decision

Q: Revenue growth of Minda Corporation Ltd?

Minda Corporation Ltd revenue growth is 8.7% for FY-2025, which is below its 5-year CAGR of 17.87%, indicating slower growth.

Q: Gross Profit margin of Minda Corporation Ltd?

Minda Corporation Ltd Gross profit margin which is the profit after deduction of direct costs, is 10.5% for FY-2025, which is above its 5-year median of 9.9%, indicating increasing margins.

Q: Operating Profit Margin of Minda Corporation Ltd?

Minda Corporation Ltd Operating Profit Margin which is the profit after deduction of all operating costs, is 11.41% for FY-2025, which is in line with its 5-year median of 10.87% indicating stable margins.

Q: Net Profit Margin of Minda Corporation Ltd?

Minda Corporation Ltd Net Profit Margin is 4.73% for FY-2025, is in line with its 5-year median of 4.84%, indicating stable margins. Profitability Metrics. Gross Profit Margin (%), Current: 10.5, Historic Median: 9.9. Operating Profit Margin (%), Current: 11.41, Historic Median: 10.87. Net Profit Margin (%), Current: 4.73, Historic Median: 4.84

Q: Return on Asset of Minda Corporation Ltd?

Minda Corporation Ltd Return on Asset is 5.76%, which is below its 5-year historical median of 6.79%, indicating deteriorated asset utilization efficiency.

Q: Return on capital employed (ROCE) of Minda Corporation Ltd?

Minda Corporation Ltd Return on capital employed is 13.76% for FY-2025, which is in line with its 5-year historical median of 14.35%. The current ROCE is above its estimated weighted average cost of capital (WACC) of 13.5%, indicating value creation.

Check Before You Invest : Minda Corporation Ltd

Snapshot

Q.1 Which industry/sub-sector does Minda Corporation Ltd belong to?

Minda Corporation Ltd belongs to the Automobiles sector, operating specifically within the Auto Ancillary segment.

Q.2 Is Minda Corporation Ltd a good quality company?

Minda Corporation Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

Q.3 Is Minda Corporation Ltd undervalued or overvalued?

Minda Corporation Ltd appears Overvalued, as its key valuation ratios are higher than their past averages.

Based on the industry it operates in, the relevant valuation ratios include one of the following, P/E, P/BV, P/Sales, EV/EBITDA or a combination of two or more.

Valuation Ratios	Current	5-year Historic Median
Price to Earnings	44.57	36.50
Price to Book	5.12	5.13
Price to Sales	2.21	2.20
EV to EBITDA	20.46	20.33

Q.4 Is Minda Corporation Ltd a good buy now?

Minda Corporation Ltd is a neutral opportunity now, based on stable price trend analysis suggesting prices may move sideways. However, you need to check its quality and valuation before making a decision

Performance Analysis

We have analysed the performance of the company on the following:

How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.

A: What are the trends in revenue and profit margins?

Q.1 Revenue growth of Minda Corporation Ltd?

Minda Corporation Ltd revenue growth is 8.7% for FY-2025, which is below its 5-year CAGR of 17.87%, indicating slower growth.

Q.2 Gross Profit margin of Minda Corporation Ltd?

Minda Corporation Ltd Gross profit margin which is the profit after deduction of direct costs, is 10.5% for FY-2025, which is above its 5-year median of 9.9%, indicating increasing margins.

Q.3 Operating Profit Margin of Minda Corporation Ltd?

Minda Corporation Ltd Operating Profit Margin which is the profit after deduction of all operating costs, is 11.41% for FY-2025, which is in line with its 5-year median of 10.87% indicating stable margins.

Q.4 Net Profit Margin of Minda Corporation Ltd?

Minda Corporation Ltd Net Profit Margin is 4.73% for FY-2025, is in line with its 5-year median of 4.84%, indicating stable margins.

	Current Level	5-year Historic Median
Gross Profit Margin (%)	10.5	9.9
Operating Profit Margin (%)	11.41	10.87
Net Profit Margin (%)	4.73	4.84

B: Does the business utilize capital efficiently?

Q.5 Return on Asset of Minda Corporation Ltd?

Minda Corporation Ltd Return on Asset is 5.76%, which is below its 5-year historical median of 6.79%, indicating deteriorated asset utilization efficiency.

Q.6 Return on capital employed (ROCE) of Minda Corporation Ltd?

Minda Corporation Ltd Return on capital employed is 13.76% for FY-2025, which is in line with its 5-year historical median of 14.35%. The current ROCE is above its estimated weighted average cost of capital (WACC) of 13.5%, indicating value creation.

Q.7 Return on Equity (ROE) of Minda Corporation Ltd?

Minda Corporation Ltd Return on equity is 11.45% for FY-2025, which is below its 5-year historical median of 12.63%, indicating the business is making worse use of its shareholders capital.

Q.8 Cash conversion cycle of Minda Corporation Ltd?

Minda Corporation Ltd Cash conversion cycle is 37 days, in line with its 5-year historical median of 37 days, indicating stable working capital management. However, you need to compare this with its peers in the industry.

	Current Level	5-year Historic Median
Asset Turnover (x)	1.25	1.25
ROE (%)	11.45	12.63
ROCE (%)	13.76	14.35
Cash Conversion Cycle	37 days	37 days

C: How much debt does the business have and is it at a sustainable level?

Q.9 Debt to Equity ratio of Minda Corporation Ltd?

Minda Corporation Ltd Debt-to-Equity ratio is 0.61, which is above the industry average of 0.40, indicating higher debt levels in the industry.

Q.10 Debt to cash flow from operations of Minda Corporation Ltd?

Minda Corporation Ltd Debt to cash flow from operations is 2.47, which is at a moderate level.

Ownership & governance

D: Promoter shareholding and pledge status of Minda Corporation Ltd?

Q.1 Promoter shareholding and pledge status of Minda Corporation Ltd?

Promoters hold 64.84% of the Minda Corporation Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Peer comparison (industry-wise, mcap)

E: How does Minda Corporation Ltd performance compare with that of its Peers?

Q.1 Revenue growth of Minda Corporation Ltd vs industry peers?

Minda Corporation Ltd revenue CAGR is 17.87%, compared to the industry median CAGR of 11.89%, indicating faster growth and gaining its market share.

Profit Metrics

	Current Level	5-year Industry Median
Revenue Growth (%)	8.7	11.9
Gross Profit Growth (%)	13.9	16.2
Operating Profit Growth (%)	11.6	14.7
Net Profit Growth (%)	6.2	20.1

Operating Efficiency

	Current Level	5-year Industry Median
Asset Turnover (x)	1.25	1.24
ROE (%)	11.45	11.65
ROCE (%)	13.76	13.5
Cash Conversion Cycle (days)	36.51	46

Valuation & price assessment

Q.1 Stock return of Minda Corporation Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 17.1% based on the current price.

	9Y	5Y	3Y	1Y
Share Price CAGR	17.1%	37.6%	25.2%	6.7%

Q.2 Valuation ratios of Minda Corporation Ltd vs historical?

The current P/E ratio of 44.57 is higher than its historical median of 36.50, indicating that the stock is trading above its historical average valuation.

Q.3 How do the current valuation ratios compare with 5-year historical median and industry numbers?

Valuation Ratios	Current	5-year Historic Median	5-year Industry Median
Price to Earnings	44.57	36.50	28.71
Price to Book	5.12	5.13	2.99
Price to Sales	2.21	2.20	1.35
EV to EBITDA	20.46	20.33	11.85

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Check Before You Invest : Minda Corporation Ltd

Snapshot

Performance Analysis

Ownership & governance

Peer comparison (industry-wise, mcap)

Profit Metrics

Operating Efficiency

Valuation & price assessment

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