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MINDACORP (Minda Corporation Limited) Stock Analysis
Buy, Hold or Sell?

Let's analyze Minda Corporation Limited together

I guess you are interested in Minda Corporation Limited. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

  • 📊 Fundamental Analysis (FA) – Minda Corporation Limited’s Financial Insights
  • 📈 Technical Analysis (TA) – Minda Corporation Limited’s Price Targets

I'm going to help you getting a better view of Minda Corporation Limited. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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1. Quick Overview

1.1. Quick analysis of Minda Corporation Limited (30 sec.)










1.2. What can you expect buying and holding a share of Minda Corporation Limited? (30 sec.)

How much money do you get?

How much money do you get?
INR0.06
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
INR93.58
Expected worth in 1 year
INR131.24
How sure are you?
85.7%

+ What do you gain per year?

Total Gains per Share
INR43.25
Return On Investment
8.3%

For what price can you sell your share?

Current Price per Share
INR521.85
Expected price per share
INR464.85 - INR576.31
How sure are you?
50%
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2. Detailed Analysis

2.1. Valuation of Minda Corporation Limited (5 min.)




Live pricePrice per Share (EOD)
INR521.85
Intrinsic Value Per Share
INR-10.52 - INR130.90
Total Value Per Share
INR83.07 - INR224.48

2.2. Growth of Minda Corporation Limited (5 min.)




Is Minda Corporation Limited growing?

Current yearPrevious yearGrowGrow %
How rich?$255.4m$229.7m$25.6m10.1%

How much money is Minda Corporation Limited making?

Current yearPrevious yearGrowGrow %
Making money$29.6m$26.3m$3.2m11.0%
Net Profit Margin5.1%4.9%--

How much money comes from the company's main activities?

2.3. Financial Health of Minda Corporation Limited (5 min.)




2.4. Comparing to competitors in the Auto Parts industry (5 min.)




  Industry Rankings (Auto Parts)  


Richest
#253 / 535

Most Revenue
#105 / 535

Most Profit
#107 / 535

Most Efficient
#215 / 535
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3. Summary and Key Metrics

3.1. What can you expect buying and holding a share of Minda Corporation Limited?

Welcome investor! Minda Corporation Limited's management wants to use your money to grow the business. In return you get a share of Minda Corporation Limited.

First you should know what it really means to hold a share of Minda Corporation Limited. And how you can make/lose money.

Speculation

The Price per Share of Minda Corporation Limited is INR521.85. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Minda Corporation Limited.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Minda Corporation Limited, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is INR93.58. Based on the TTM, the Book Value Change Per Share is INR9.41 per quarter. Based on the YOY, the Book Value Change Per Share is INR17.63 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is INR1.40 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Minda Corporation Limited.

How much money are you going to get?

 MRQTTMYOY3Y5Y10Y
 INR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per Share
Usd Eps0.130.0%0.130.0%0.110.0%0.130.0%0.100.0%0.070.0%
Usd Book Value Change Per Share0.110.0%0.110.0%0.200.0%0.150.0%0.120.0%0.160.0%
Usd Dividend Per Share0.020.0%0.020.0%0.020.0%0.010.0%0.010.0%0.010.0%
Usd Total Gains Per Share0.130.0%0.130.0%0.220.0%0.160.0%0.130.0%0.170.0%
Usd Price Per Share6.26-6.26-4.85-4.53-3.43-2.77-
Price to Earnings Ratio49.70-49.70-43.31-37.03-36.49-27.80-
Price-to-Total Gains Ratio49.87-49.87-22.09-29.96-25.90-17.93-
Price to Book Ratio5.76-5.76-4.97-4.65-3.96-3.41-
Price-to-Total Gains Ratio49.87-49.87-22.09-29.96-25.90-17.93-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share6.05346
Number of shares165
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.020.01
Usd Book Value Change Per Share0.110.12
Usd Total Gains Per Share0.130.13
Gains per Quarter (165 shares)20.7021.77
Gains per Year (165 shares)82.7987.10
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
111727378077
22114415614160164
33221623922240251
44328832229319338
55436040536399425
66443248843479512
77550457151559599
88657765458639686
99664973765719773
1010772182072799860

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%6.01.00.085.7%6.01.00.085.7%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%6.01.00.085.7%6.01.00.085.7%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%7.00.00.0100.0%7.00.00.0100.0%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%6.01.00.085.7%6.01.00.085.7%
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3.2. Key Performance Indicators

The key performance indicators of Minda Corporation Limited compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-3Y+/-5 Year+/-10 Year+/-
Book Value Change Per Share--9.4149.4140%17.632-47%12.649-26%10.431-10%13.369-30%
Book Value Per Share--93.58293.5820%84.168+11%81.429+15%69.576+35%62.871+49%
Current Ratio--0.8550.8550%1.796-52%1.300-34%1.376-38%1.363-37%
Debt To Asset Ratio--0.5490.5490%0.424+29%0.493+11%0.494+11%0.509+8%
Debt To Equity Ratio--1.2171.2170%0.736+65%0.994+23%0.989+23%1.055+15%
Dividend Per Share--1.4001.4000%1.296+8%1.265+11%0.946+48%0.866+62%
Enterprise Value--100099410985.600100099410985.6000%83827538854.400+19%73001793610.467+37%53659242576.840+87%41114060161.971+143%
Eps--10.85210.8520%9.656+12%10.803+0%8.529+27%5.906+84%
Ev To Sales Ratio--1.9801.9800%1.802+10%1.533+29%1.279+55%1.005+97%
Free Cash Flow Per Share--8.2568.2560%1.479+458%5.152+60%3.165+161%4.635+78%
Free Cash Flow To Equity Per Share--8.2568.2560%1.479+458%6.200+33%3.012+174%4.267+93%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--130.897----------
Intrinsic Value_10Y_min---10.515----------
Intrinsic Value_1Y_max--6.885----------
Intrinsic Value_1Y_min--2.123----------
Intrinsic Value_3Y_max--25.435----------
Intrinsic Value_3Y_min--3.665----------
Intrinsic Value_5Y_max--49.712----------
Intrinsic Value_5Y_min--2.221----------
Market Cap122802259675.200-3%126908610985.600126908610985.6000%98411238854.400+29%92244626943.800+38%70054942576.840+81%56554274447.686+124%
Net Profit Margin--0.0510.0510%0.049+3%0.055-8%0.051-1%0.034+49%
Operating Margin----0%-0%0.026-100%0.039-100%0.046-100%
Operating Ratio--1.5491.5490%1.5540%1.558-1%1.581-2%1.582-2%
Pb Ratio5.576-3%5.7635.7630%4.969+16%4.655+24%3.956+46%3.408+69%
Pe Ratio48.088-3%49.69649.6960%43.311+15%37.026+34%36.491+36%27.803+79%
Price Per Share521.850-3%539.300539.3000%418.200+29%390.850+38%296.030+82%239.136+126%
Price To Free Cash Flow Ratio63.209-3%65.32365.3230%282.791-77%128.567-49%84.382-23%66.043-1%
Price To Total Gains Ratio48.258-3%49.87249.8720%22.094+126%29.961+66%25.905+93%17.927+178%
Quick Ratio--0.4840.4840%1.105-56%0.734-34%0.769-37%0.764-37%
Return On Assets--0.0520.0520%0.066-21%0.069-24%0.061-14%0.041+28%
Return On Equity--0.1160.1160%0.115+1%0.137-15%0.120-3%0.077+51%
Total Gains Per Share--10.81410.8140%18.928-43%13.915-22%11.377-5%14.235-24%
Usd Book Value--255452880.000255452880.0000%229756560.000+11%223245093.333+14%191406496.000+33%172678925.714+48%
Usd Book Value Change Per Share--0.1090.1090%0.205-47%0.147-26%0.121-10%0.155-30%
Usd Book Value Per Share--1.0861.0860%0.976+11%0.945+15%0.807+35%0.729+49%
Usd Dividend Per Share--0.0160.0160%0.015+8%0.015+11%0.011+48%0.010+62%
Usd Enterprise Value--1161153167.4331161153167.4330%972399450.711+19%846820805.881+37%622447213.891+87%476923097.879+143%
Usd Eps--0.1260.1260%0.112+12%0.125+0%0.099+27%0.069+84%
Usd Free Cash Flow--22536480.00022536480.0000%4036800.000+458%14146586.667+59%8692112.000+159%12691394.286+78%
Usd Free Cash Flow Per Share--0.0960.0960%0.017+458%0.060+60%0.037+161%0.054+78%
Usd Free Cash Flow To Equity Per Share--0.0960.0960%0.017+458%0.072+33%0.035+174%0.050+93%
Usd Market Cap1424506212.232-3%1472139887.4331472139887.4330%1141570370.711+29%1070037672.548+38%812637333.891+81%656029583.593+124%
Usd Price Per Share6.053-3%6.2566.2560%4.851+29%4.534+38%3.434+82%2.774+126%
Usd Profit--29622920.00029622920.0000%26357520.000+12%29660813.3330%23473528.000+26%16259720.000+82%
Usd Revenue--586521520.000586521520.0000%539532240.000+9%541623333.333+8%446228800.000+31%415386057.143+41%
Usd Total Gains Per Share--0.1250.1250%0.220-43%0.161-22%0.132-5%0.165-24%
 EOD+4 -4MRQTTM+0 -0YOY+25 -123Y+22 -165Y+23 -1510Y+26 -12

3.3 Fundamental Score

Let's check the fundamental score of Minda Corporation Limited based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1548.088
Price to Book Ratio (EOD)Between0-15.576
Net Profit Margin (MRQ)Greater than00.051
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.484
Current Ratio (MRQ)Greater than10.855
Debt to Asset Ratio (MRQ)Less than10.549
Debt to Equity Ratio (MRQ)Less than11.217
Return on Equity (MRQ)Greater than0.150.116
Return on Assets (MRQ)Greater than0.050.052
Total3/10 (30.0%)

3.4 Technical Score

Let's check the technical score of Minda Corporation Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5051.112
Ma 20Greater thanMa 50515.555
Ma 50Greater thanMa 100520.270
Ma 100Greater thanMa 200516.903
OpenGreater thanClose520.350
Total2/5 (40.0%)

4. In-depth Analysis

4.1 About Minda Corporation Limited

Minda Corporation Limited manufactures and assembles safety and security systems, and its associated components for the automotive industry in India, rest of Asia, the Americas, and Europe. The company offers mechatronic products, such as ignition switch cum steering locks, smart key systems, mechatronics handles and immobiliser system, die casting components, starter motors, and alternators; information and connected systems, including wiring harness, connectors, terminals, and components; and instrument clusters and dashboard, as well as speed, temperature, position, pressure, and exhaust gas sensors. It also provides plastic and interior products comprising air vents, glove boxes, center consoles, cup holders, ash trays, louvers, oil slumps, cylinder heads, and battery trays; aftermarket products that comprise locks, lubricants, filters, clutch plates, bearings, wiper blades, brake shoes, and cables. In addition, the company offers DC-DC convertor, battery charger, motor controller, intelligent transport system, telematics, connected clusters, MFECU, and vehicle control unit; and rod, micro pole, shark fin, and LF antennas. It offers its products for two and three wheelers, passenger vehicles, commercial vehicles, and off-road vehicles. 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.

Fundamental data was last updated by Penke on 2025-07-13 21:30:05.

4.2 In-depth Summary

4.2.1. Financial Health Summary

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just not able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is able to pay all its debts with equity.

4.2.2. Valuation Summary

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is overpriced.
Based on the earnings, the company is overpriced.
Based on how much money comes from the company's main activities, the company is overpriced.
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4.3 Financial Health

4.3.1. Profitability

4.3.1 Profitability
4.3.1.1. Net Profit Margin

Measures how much net profit Minda Corporation Limited earns for each ₹1 of revenue.

  • Above 10% is considered healthy but always compare Minda Corporation Limited to the Auto Parts industry mean.
  • A Net Profit Margin of 5.1% means that ₹0.05 for each ₹1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Minda Corporation Limited:

  • The MRQ is 5.1%. The company is making a profit. +1
  • The TTM is 5.1%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ5.1%TTM5.1%0.0%
TTM5.1%YOY4.9%+0.2%
TTM5.1%5Y5.1%0.0%
5Y5.1%10Y3.4%+1.7%
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ5.1%4.1%+1.0%
TTM5.1%3.6%+1.5%
YOY4.9%4.1%+0.8%
3Y5.5%3.6%+1.9%
5Y5.1%3.4%+1.7%
10Y3.4%3.9%-0.5%
4.3.1.2. Return on Assets

Shows how efficient Minda Corporation Limited is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Minda Corporation Limited to the Auto Parts industry mean.
  • 5.2% Return on Assets means that Minda Corporation Limited generated ₹0.05 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Minda Corporation Limited:

  • The MRQ is 5.2%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 5.2%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ5.2%TTM5.2%0.0%
TTM5.2%YOY6.6%-1.4%
TTM5.2%5Y6.1%-0.8%
5Y6.1%10Y4.1%+2.0%
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ5.2%1.1%+4.1%
TTM5.2%1.1%+4.1%
YOY6.6%1.2%+5.4%
3Y6.9%1.1%+5.8%
5Y6.1%1.1%+5.0%
10Y4.1%1.3%+2.8%
4.3.1.3. Return on Equity

Shows how efficient Minda Corporation Limited is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Minda Corporation Limited to the Auto Parts industry mean.
  • 11.6% Return on Equity means Minda Corporation Limited generated ₹0.12 for each ₹1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Minda Corporation Limited:

  • The MRQ is 11.6%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 11.6%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ11.6%TTM11.6%0.0%
TTM11.6%YOY11.5%+0.1%
TTM11.6%5Y12.0%-0.4%
5Y12.0%10Y7.7%+4.3%
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ11.6%2.4%+9.2%
TTM11.6%2.2%+9.4%
YOY11.5%2.6%+8.9%
3Y13.7%2.2%+11.5%
5Y12.0%2.0%+10.0%
10Y7.7%2.4%+5.3%
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4.3.2. Operating Efficiency of Minda Corporation Limited.

4.3.2. Operating Efficiency
4.3.2.1. Operating Margin

Measures how efficient Minda Corporation Limited is operating .

  • Measures how much profit Minda Corporation Limited makes for each ₹1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Minda Corporation Limited to the Auto Parts industry mean.
  • An Operating Margin of 0.0% means the company generated ₹0.00  for each ₹1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Minda Corporation Limited:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y3.9%-3.9%
5Y3.9%10Y4.6%-0.7%
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ-7.6%-7.6%
TTM-5.6%-5.6%
YOY-4.0%-4.0%
3Y2.6%3.2%-0.6%
5Y3.9%3.9%+0.0%
10Y4.6%4.8%-0.2%
4.3.2.2. Operating Ratio

Measures how efficient Minda Corporation Limited is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Auto Parts industry mean).
  • An Operation Ratio of 1.55 means that the operating costs are ₹1.55 for each ₹1 in net sales.

Let's take a look of the Operating Ratio trends of Minda Corporation Limited:

  • The MRQ is 1.549. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.549. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.549TTM1.5490.000
TTM1.549YOY1.554-0.005
TTM1.5495Y1.581-0.032
5Y1.58110Y1.582-0.001
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ1.5491.654-0.105
TTM1.5491.571-0.022
YOY1.5541.124+0.430
3Y1.5581.285+0.273
5Y1.5811.259+0.322
10Y1.5821.154+0.428
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4.4.3. Liquidity of Minda Corporation Limited.

4.4.3. Liquidity
4.4.3.1. Current Ratio

Measures if Minda Corporation Limited is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Auto Parts industry mean).
  • A Current Ratio of 0.85 means the company has ₹0.85 in assets for each ₹1 in short-term debts.

Let's take a look of the Current Ratio trends of Minda Corporation Limited:

  • The MRQ is 0.855. The company is just not able to pay all its short-term debts. -1
  • The TTM is 0.855. The company is just not able to pay all its short-term debts. -1
Trends
Current periodCompared to+/- 
MRQ0.855TTM0.8550.000
TTM0.855YOY1.796-0.941
TTM0.8555Y1.376-0.521
5Y1.37610Y1.363+0.013
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8551.523-0.668
TTM0.8551.548-0.693
YOY1.7961.611+0.185
3Y1.3001.618-0.318
5Y1.3761.607-0.231
10Y1.3631.521-0.158
4.4.3.2. Quick Ratio

Measures if Minda Corporation Limited is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Minda Corporation Limited to the Auto Parts industry mean.
  • A Quick Ratio of 0.48 means the company can pay off ₹0.48 for each ₹1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Minda Corporation Limited:

  • The MRQ is 0.484. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.484. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.484TTM0.4840.000
TTM0.484YOY1.105-0.621
TTM0.4845Y0.769-0.286
5Y0.76910Y0.764+0.005
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4840.651-0.167
TTM0.4840.673-0.189
YOY1.1050.795+0.310
3Y0.7340.783-0.049
5Y0.7690.824-0.055
10Y0.7640.872-0.108
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4.5.4. Solvency of Minda Corporation Limited.

4.5.4. Solvency
4.5.4.1. Debt to Asset Ratio

Measures how much % of Minda Corporation Limited assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Minda Corporation Limited to Auto Parts industry mean.
  • A Debt to Asset Ratio of 0.55 means that Minda Corporation Limited assets are financed with 54.9% credit (debt) and the remaining percentage (100% - 54.9%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Minda Corporation Limited:

  • The MRQ is 0.549. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.549. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.549TTM0.5490.000
TTM0.549YOY0.424+0.125
TTM0.5495Y0.494+0.055
5Y0.49410Y0.509-0.015
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5490.510+0.039
TTM0.5490.505+0.044
YOY0.4240.493-0.069
3Y0.4930.497-0.004
5Y0.4940.499-0.005
10Y0.5090.484+0.025
4.5.4.2. Debt to Equity Ratio

Measures if Minda Corporation Limited is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Minda Corporation Limited to the Auto Parts industry mean.
  • A Debt to Equity ratio of 121.7% means that company has ₹1.22 debt for each ₹1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Minda Corporation Limited:

  • The MRQ is 1.217. The company is able to pay all its debts with equity. +1
  • The TTM is 1.217. The company is able to pay all its debts with equity. +1
Trends
Current periodCompared to+/- 
MRQ1.217TTM1.2170.000
TTM1.217YOY0.736+0.481
TTM1.2175Y0.989+0.228
5Y0.98910Y1.055-0.066
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ1.2171.072+0.145
TTM1.2171.060+0.157
YOY0.7361.014-0.278
3Y0.9941.027-0.033
5Y0.9891.043-0.054
10Y1.0551.059-0.004
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4.6. Market Valuation

4.6.1. Earnings Per Share
4.6.2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every ₹1 in earnings Minda Corporation Limited generates.

  • Above 15 is considered overpriced but always compare Minda Corporation Limited to the Auto Parts industry mean.
  • A PE ratio of 49.70 means the investor is paying ₹49.70 for every ₹1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Minda Corporation Limited:

  • The EOD is 48.088. Based on the earnings, the company is overpriced. -1
  • The MRQ is 49.696. Based on the earnings, the company is overpriced. -1
  • The TTM is 49.696. Based on the earnings, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD48.088MRQ49.696-1.608
MRQ49.696TTM49.6960.000
TTM49.696YOY43.311+6.385
TTM49.6965Y36.491+13.205
5Y36.49110Y27.803+8.687
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
EOD48.08814.485+33.603
MRQ49.69613.674+36.022
TTM49.69613.491+36.205
YOY43.31114.069+29.242
3Y37.02615.660+21.366
5Y36.49116.918+19.573
10Y27.80321.264+6.539
4.6.2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Minda Corporation Limited:

  • The EOD is 63.209. Based on how much money comes from the company's main activities, the company is overpriced. -1
  • The MRQ is 65.323. Based on how much money comes from the company's main activities, the company is overpriced. -1
  • The TTM is 65.323. Based on how much money comes from the company's main activities, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD63.209MRQ65.323-2.114
MRQ65.323TTM65.3230.000
TTM65.323YOY282.791-217.468
TTM65.3235Y84.382-19.060
5Y84.38210Y66.043+18.339
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
EOD63.2092.946+60.263
MRQ65.3232.590+62.733
TTM65.3232.311+63.012
YOY282.7913.390+279.401
3Y128.5671.710+126.857
5Y84.3822.678+81.704
10Y66.0431.820+64.223
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4.6.2. Book Value per Share
4.6.2.1. Price to Book Ratio

Measures if the stock price of Minda Corporation Limited is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Auto Parts industry mean).
  • A PB ratio of 5.76 means the investor is paying ₹5.76 for each ₹1 in book value.

Let's take a look of the Price to Book Ratio trends of Minda Corporation Limited:

  • The EOD is 5.576. Based on the equity, the company is overpriced. -1
  • The MRQ is 5.763. Based on the equity, the company is overpriced. -1
  • The TTM is 5.763. Based on the equity, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD5.576MRQ5.763-0.186
MRQ5.763TTM5.7630.000
TTM5.763YOY4.969+0.794
TTM5.7635Y3.956+1.806
5Y3.95610Y3.408+0.549
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
EOD5.5761.341+4.235
MRQ5.7631.308+4.455
TTM5.7631.370+4.393
YOY4.9691.632+3.337
3Y4.6551.584+3.071
5Y3.9561.723+2.233
10Y3.4082.139+1.269
4.6.2. Total Gains per Share
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6. Financial Statements




6.1. Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2021-03-312022-03-312023-03-312024-03-312025-03-31
Net Working Capital  4,575,000806,0005,381,000-2,236,5003,144,5005,626,9008,771,400-11,617,700-2,846,300



6.2. Latest Balance Sheet

Balance Sheet of 2025-03-31. Currency in INR. All numbers in thousands.

Summary
Total Assets48,831,000
Total Liabilities26,809,200
Total Stockholder Equity22,021,800
 As reported
Total Liabilities 26,809,200
Total Stockholder Equity+ 22,021,800
Total Assets = 48,831,000

Assets

Total Assets48,831,000
Total Current Assets16,778,500
Long-term Assets32,052,500
Total Current Assets
Cash And Cash Equivalents 758,500
Short-term Investments 1,215,800
Net Receivables 8,275,300
Inventory 5,807,800
Other Current Assets 671,100
Total Current Assets  (as reported)16,778,500
Total Current Assets  (calculated)16,728,500
+/- 50,000
Long-term Assets
Property Plant Equipment 14,117,700
Goodwill 929,700
Intangible Assets 879,100
Long-term Assets Other 923,500
Long-term Assets  (as reported)32,052,500
Long-term Assets  (calculated)16,850,000
+/- 15,202,500

Liabilities & Shareholders' Equity

Total Current Liabilities19,624,800
Long-term Liabilities7,184,400
Total Stockholder Equity22,021,800
Total Current Liabilities
Short Long Term Debt 9,237,700
Accounts payable 8,290,500
Other Current Liabilities 474,600
Total Current Liabilities  (as reported)19,624,800
Total Current Liabilities  (calculated)18,002,800
+/- 1,622,000
Long-term Liabilities
Long term Debt 4,208,600
Capital Lease Obligations Min Short Term Debt2,648,500
Long-term Liabilities Other 45,300
Long-term Liabilities  (as reported)7,184,400
Long-term Liabilities  (calculated)6,902,400
+/- 282,000
Total Stockholder Equity
Total Stockholder Equity (as reported)22,021,800
Total Stockholder Equity (calculated)0
+/- 22,021,800
Other
Capital Stock478,200
Common Stock Shares Outstanding 235,321
Net Debt 12,687,800
Net Invested Capital 35,468,100
Net Working Capital -2,846,300
Property Plant and Equipment Gross 14,117,700



6.3. Balance Sheets Structured

Currency in INR. All numbers in thousands.

 Trend2025-03-312024-03-312023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312017-03-31
> Total Assets 
0
0
24,518,000
23,285,000
23,298,000
25,719,000
32,243,000
34,390,300
48,831,000
48,831,00034,390,30032,243,00025,719,00023,298,00023,285,00024,518,00000
   > Total Current Assets 
7,839,000
11,287,000
14,493,000
15,258,000
14,862,000
15,450,000
15,834,000
19,795,100
16,778,500
16,778,50019,795,10015,834,00015,450,00014,862,00015,258,00014,493,00011,287,0007,839,000
       Cash And Cash Equivalents 
0
0
303,000
947,000
531,000
708,000
1,079,400
1,520,700
758,500
758,5001,520,7001,079,400708,000531,000947,000303,00000
       Short-term Investments 
0
0
3,225,000
3,775,000
4,317,000
2,325,000
1,371,900
4,134,700
1,215,800
1,215,8004,134,7001,371,9002,325,0004,317,0003,775,0003,225,00000
       Net Receivables 
3,955,000
5,920,000
5,810,000
3,898,000
4,420,000
5,688,000
6,409,000
8,044,000
8,275,300
8,275,3008,044,0006,409,0005,688,0004,420,0003,898,0005,810,0005,920,0003,955,000
       Inventory 
3,064,000
4,479,000
4,464,000
3,949,000
3,959,000
4,789,000
5,733,000
5,270,300
5,807,800
5,807,8005,270,3005,733,0004,789,0003,959,0003,949,0004,464,0004,479,0003,064,000
       Other Current Assets 
350,000
468,000
571,000
2,461,000
1,188,000
1,423,000
1,240,900
785,700
671,100
671,100785,7001,240,9001,423,0001,188,0002,461,000571,000468,000350,000
   > Long-term Assets 
0
0
10,025,000
8,027,000
8,436,000
10,269,000
16,409,100
14,595,200
32,052,500
32,052,50014,595,20016,409,10010,269,0008,436,0008,027,00010,025,00000
       Property Plant Equipment 
4,918,000
6,039,000
6,327,000
5,577,000
5,924,000
7,529,000
9,497,200
11,077,100
14,117,700
14,117,70011,077,1009,497,2007,529,0005,924,0005,577,0006,327,0006,039,0004,918,000
       Goodwill 
0
0
1,012,000
301,000
299,000
929,000
929,300
929,700
929,700
929,700929,700929,300929,000299,000301,0001,012,00000
       Intangible Assets 
0
0
187,000
108,000
83,000
737,000
683,200
692,900
879,100
879,100692,900683,200737,00083,000108,000187,00000
       Long-term Assets Other 
0
0
0
17,000
-1,000
73,800
128,600
857,600
923,500
923,500857,600128,60073,800-1,00017,000000
> Total Liabilities 
0
0
12,567,000
13,536,000
11,832,000
12,418,000
16,335,600
14,583,700
26,809,200
26,809,20014,583,70016,335,60012,418,00011,832,00013,536,00012,567,00000
   > Total Current Liabilities 
7,145,000
10,022,000
10,711,000
11,675,000
10,287,000
10,069,000
12,689,000
11,023,700
19,624,800
19,624,80011,023,70012,689,00010,069,00010,287,00011,675,00010,711,00010,022,0007,145,000
       Short Long Term Debt 
0
0
5,290,000
4,151,000
3,899,000
3,066,000
3,810,500
2,114,700
9,237,700
9,237,7002,114,7003,810,5003,066,0003,899,0004,151,0005,290,00000
       Accounts payable 
2,640,000
4,409,000
4,103,000
5,093,000
5,065,000
5,675,000
7,256,000
7,136,800
8,290,500
8,290,5007,136,8007,256,0005,675,0005,065,0005,093,0004,103,0004,409,0002,640,000
       Other Current Liabilities 
327,000
445,000
456,000
629,000
1,018,000
872,000
1,367,000
591,200
474,600
474,600591,2001,367,000872,0001,018,000629,000456,000445,000327,000
   > Long-term Liabilities 
0
0
1,856,000
1,861,000
1,545,000
2,349,000
3,646,200
3,560,000
7,184,400
7,184,4003,560,0003,646,2002,349,0001,545,0001,861,0001,856,00000
       Capital Lease Obligations Min Short Term Debt
0
0
146,000
919,000
445,000
1,146,000
1,604,900
1,870,700
2,648,500
2,648,5001,870,7001,604,9001,146,000445,000919,000146,00000
       Long-term Liabilities Other 
0
0
27,000
35,000
31,000
39,000
41,500
57,900
45,300
45,30057,90041,50039,00031,00035,00027,00000
> Total Stockholder Equity
0
0
11,951,000
9,749,000
11,466,000
13,301,000
15,907,400
19,806,600
22,021,800
22,021,80019,806,60015,907,40013,301,00011,466,0009,749,00011,951,00000
   Common Stock
416,000
416,000
453,000
454,000
478,000
478,000
478,000
0
0
00478,000478,000478,000454,000453,000416,000416,000
   Retained Earnings Total Equity000000000
   Accumulated Other Comprehensive Income 000000000
   Capital Surplus 000000000
   Treasury Stock000000000
   Other Stockholders Equity 
256,000
387,000
312,000
362,000
778,000
812,000
15,430,000
0
0
0015,430,000812,000778,000362,000312,000387,000256,000



6.4. Balance Sheets

Currency in INR. All numbers in thousands.




6.5. Cash Flows

Currency in INR. All numbers in thousands.




6.6. Income Statements

Currency in INR. All numbers in thousands.


6.7. Latest Income Statement

Income Statement (annual), 2025-03-31. Currency in INR. All numbers in thousands.

Gross Profit (+$)
totalRevenue50,562,200
Cost of Revenue-31,464,700
Gross Profit19,097,50019,097,500
 
Operating Income (+$)
Gross Profit19,097,500
Operating Expense-46,857,300
Operating Income3,704,900-27,759,800
 
Operating Expense (+$)
Research Development0
Selling General Administrative0
Selling And Marketing Expenses0
Operating Expense46,857,3000
 
Net Interest Income (+$)
Interest Income0
Interest Expense-672,400
Other Finance Cost-0
Net Interest Income-672,400
 
Pretax Income (+$)
Operating Income3,704,900
Net Interest Income-672,400
Other Non-Operating Income Expenses0
Income Before Tax (EBT)3,356,6003,704,900
EBIT - interestExpense = -672,400
2,553,700
3,226,100
Interest Expense672,400
Earnings Before Interest and Taxes (EBIT)04,029,000
Earnings Before Interest and Taxes (EBITDA)0
 
After tax Income (+$)
Income Before Tax3,356,600
Tax Provision-964,600
Net Income From Continuing Ops2,553,7002,392,000
Net Income2,553,700
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses0
Total Other Income/Expenses Net0672,400
 

Technical Analysis of Minda Corporation Limited
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Minda Corporation Limited. The general trend of Minda Corporation Limited is BEARISH with 14.3% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Minda Corporation Limited's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (-14.3%) Bearish trend (14.3%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Minda Corporation Limited Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Minda Corporation Limited.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 529.70 < 530.25 < 576.31.

The bearish price targets are: 498.10 > 492.90 > 464.85.

Know someone who trades $MINDACORP? Share this with them.👇

Minda Corporation Limited Daily Support & Resistance Chart
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2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Minda Corporation Limited. The current mas is .

The long score for the Moving Averages is 6/14.
The longshort score for the Moving Averages is -2/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Minda Corporation Limited Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Minda Corporation Limited. The current macd is -1.95583998.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Minda Corporation Limited price going up in the near term. +2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Minda Corporation Limited. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Minda Corporation Limited price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Minda Corporation Limited Daily Moving Average Convergence/Divergence (MACD) ChartMinda Corporation Limited Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Minda Corporation Limited. The current adx is 10.95.

The long score for the Directional Movement Index (DMI) is 1/7.
The longshort score for the Directional Movement Index (DMI) is 1/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Minda Corporation Limited shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
Minda Corporation Limited Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Minda Corporation Limited. The current sar is 501.77.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Minda Corporation Limited Daily Parabolic SAR Chart
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3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Minda Corporation Limited. The current rsi is 51.11. The current phase is Correction in bear market.

The long score for the Relative Strength Index (RSI) is 4/13.
The longshort score for the Relative Strength Index (RSI) is 4/(-13 +13).

  • Correction in bear market: Extended price decline in a downtrend, significant pullback. Consider reducing exposure, wait for signs of trend reversal.
  • Trending up: The RSI is trending up. +1
Minda Corporation Limited Daily Relative Strength Index (RSI) ChartMinda Corporation Limited Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Minda Corporation Limited. The current phase is Correction in bear market.

The long score for the Stochastic Oscillator is 4/6.
The longshort score for the Stochastic Oscillator is 4/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Minda Corporation Limited price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Minda Corporation Limited Daily Stochastic Oscillator ChartMinda Corporation Limited Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Minda Corporation Limited. The current cci is 63.17.

Minda Corporation Limited Daily Commodity Channel Index (CCI) ChartMinda Corporation Limited Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Minda Corporation Limited. The current cmo is 6.61387049.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Minda Corporation Limited Daily Chande Momentum Oscillator (CMO) ChartMinda Corporation Limited Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Minda Corporation Limited. The current willr is -29.73451327.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Minda Corporation Limited is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Minda Corporation Limited Daily Williams %R ChartMinda Corporation Limited Daily Williams %R Chart
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4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Minda Corporation Limited.

Minda Corporation Limited Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Minda Corporation Limited. The current atr is 13.87.

Minda Corporation Limited Daily Average True Range (ATR) ChartMinda Corporation Limited Daily Average True Range (ATR) Chart
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5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Minda Corporation Limited. The current obv is 2,882,121.

Minda Corporation Limited Daily On-Balance Volume (OBV) ChartMinda Corporation Limited Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Minda Corporation Limited. The current mfi is 63.00.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
Minda Corporation Limited Daily Money Flow Index (MFI) ChartMinda Corporation Limited Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Minda Corporation Limited.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2025-02-19SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-02-20CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-02-21STOCH LONG EXITThe %K line crosses below the %D line.
2025-02-24CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2025-02-27SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-03-03STOCH SHORT EXITThe %K line crosses above the %D line.
2025-03-06CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-03-07MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-03-10SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
2025-03-12STOCH SHORT EXITThe %K line crosses above the %D line.
2025-03-13DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2025-03-17STOCH LONG EXITThe %K line crosses below the %D line.
2025-03-18STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-03-21CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-03-25STOCH LONG EXITThe %K line crosses below the %D line.
2025-03-28STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2025-04-01WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-04-02STOCH LONG EXITThe %K line crosses below the %D line.
2025-04-04DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-04-07MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-04-08STOCH SHORT EXITThe %K line crosses above the %D line.
2025-04-09STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-04-11STOCH SHORT EXITThe %K line crosses above the %D line.
2025-04-21CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-04-22MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2025-04-25STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-04-28STOCH SHORT EXITThe %K line crosses above the %D line.
2025-04-30MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-06WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-05-07STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2025-05-09STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-05-12STOCH SHORT EXITThe %K line crosses above the %D line.
2025-05-14MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-05-19DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-05-20STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-22STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-05-23CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2025-05-27BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2025-05-28STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2025-06-02CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-06-04STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-06-05ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-06-06CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-06-10STOCH LONG EXITThe %K line crosses below the %D line.
2025-06-12ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-06-16SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-06-17MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2025-06-18STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-06-19DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-06-20CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2025-06-24STOCH SHORT EXITThe %K line crosses above the %D line.
2025-06-26DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2025-07-07CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-07-08SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-07-11DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-07-14STOCH SHORT EXITThe %K line crosses above the %D line.
2025-07-15CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-07-16MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.

6.3. Candlestick Patterns

Minda Corporation Limited Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Minda Corporation Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5051.112
Ma 20Greater thanMa 50515.555
Ma 50Greater thanMa 100520.270
Ma 100Greater thanMa 200516.903
OpenGreater thanClose520.350
Total2/5 (40.0%)
Penke
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