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Minda Corporation Ltd
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Let's analyse Minda Corporation Ltd together

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

I'm going to help you getting a better view of Minda Corporation Ltd. 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.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Minda Corporation Ltd (30 sec.)










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

How much money do you get?

How much money do you get?
INR0.05
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
INR66.54
Expected worth in 1 year
INR110.14
How sure are you?
80.0%

+ What do you gain per year?

Total Gains per Share
INR48.01
Return On Investment
12.6%

For what price can you sell your share?

Current Price per Share
INR379.55
Expected price per share
INR344.52 - INR449.00
How sure are you?
50%

1. Valuation of Minda Corporation Ltd (5 min.)




Live pricePrice per Share (EOD)

INR379.55

Intrinsic Value Per Share

INR-72.72 - INR-89.03

Total Value Per Share

INR-6.19 - INR-22.49

2. Growth of Minda Corporation Ltd (5 min.)




Is Minda Corporation Ltd growing?

Current yearPrevious yearGrowGrow %
How rich?$192.4m$160.9m$31.5m16.4%

How much money is Minda Corporation Ltd making?

Current yearPrevious yearGrowGrow %
Making money$34.4m$23.2m$11.2m32.5%
Net Profit Margin6.6%6.6%--

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

3. Financial Health of Minda Corporation Ltd (5 min.)




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




  Industry Rankings (Auto Parts)  


Richest
#291 / 564

Most Revenue
#111 / 564

Most Profit
#84 / 564

Most Efficient
#185 / 564

What can you expect buying and holding a share of Minda Corporation Ltd? (5 min.)

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

What can you expect buying and holding a share of Minda Corporation Ltd?

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

Speculation

The Price per Share of Minda Corporation Ltd is INR379.55. 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 Ltd.
  • 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 Ltd, 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 INR66.54. Based on the TTM, the Book Value Change Per Share is INR10.90 per quarter. Based on the YOY, the Book Value Change Per Share is INR7.68 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 INR1.10 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Minda Corporation Ltd.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 INR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per Share
Usd Eps0.140.0%0.140.0%0.100.0%0.050.0%0.050.0%
Usd Book Value Change Per Share0.130.0%0.130.0%0.090.0%0.160.0%0.160.0%
Usd Dividend Per Share0.010.0%0.010.0%0.010.0%0.010.0%0.010.0%
Usd Total Gains Per Share0.150.0%0.150.0%0.100.0%0.170.0%0.170.0%
Usd Price Per Share2.60-2.60-2.50-1.73-1.73-
Price to Earnings Ratio18.07-18.07-25.78-20.32-20.32-
Price-to-Total Gains Ratio17.92-17.92-24.88-10.71-10.71-
Price to Book Ratio3.23-3.23-3.72-2.62-2.62-
Price-to-Total Gains Ratio17.92-17.92-24.88-10.71-10.71-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share4.592555
Number of shares217
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.010.01
Usd Book Value Change Per Share0.130.16
Usd Total Gains Per Share0.150.17
Gains per Quarter (217 shares)31.5136.71
Gains per Year (217 shares)126.05146.84
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1121141167140137
22322924214280284
33534336821419431
44645849428559578
55857262035699725
66968774642839872
781801872509781019
8929169985711181166
9104103011246412581313
10116114512507113981460

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%4.01.00.080.0%4.01.00.080.0%4.01.00.080.0%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%4.01.00.080.0%4.01.00.080.0%4.01.00.080.0%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%5.00.00.0100.0%5.00.00.0100.0%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%4.01.00.080.0%4.01.00.080.0%4.01.00.080.0%

Fundamentals of Minda Corporation Ltd

About Minda Corporation Ltd

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. It 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. The company 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, it 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. The company 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. Minda Corporation Limited is a subsidiary of Minda Corporation Limited.

Fundamental data was last updated by Penke on 2024-03-01 22:15:03.

Financial Health

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 efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just 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.

Valuation

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

1.1. Profitability of Minda Corporation Ltd.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Minda Corporation Ltd to the Auto Parts industry mean.
  • A Net Profit Margin of 6.6% means that ₹0.07 for each ₹1 in revenue is generated as profit.

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

  • The MRQ is 6.6%. The company is making a profit. +1
  • The TTM is 6.6%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ6.6%TTM6.6%0.0%
TTM6.6%YOY6.6%+0.1%
TTM6.6%5Y2.8%+3.9%
5Y2.8%10Y2.8%0.0%
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ6.6%4.3%+2.3%
TTM6.6%3.6%+3.0%
YOY6.6%3.5%+3.1%
5Y2.8%3.1%-0.3%
10Y2.8%4.1%-1.3%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Minda Corporation Ltd to the Auto Parts industry mean.
  • 8.8% Return on Assets means that Minda Corporation Ltd generated ₹0.09 profit for each $1 in assets.

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

  • The MRQ is 8.8%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 8.8%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ8.8%TTM8.8%0.0%
TTM8.8%YOY7.5%+1.4%
TTM8.8%5Y3.4%+5.4%
5Y3.4%10Y3.4%0.0%
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ8.8%1.2%+7.6%
TTM8.8%1.0%+7.8%
YOY7.5%1.0%+6.5%
5Y3.4%1.0%+2.4%
10Y3.4%1.3%+2.1%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Minda Corporation Ltd to the Auto Parts industry mean.
  • 17.9% Return on Equity means Minda Corporation Ltd generated ₹0.18 for each ₹1 the owners (shareholders) invested.

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

  • The MRQ is 17.9%. Using its investors money, the company is efficient in making profit. +1
  • The TTM is 17.9%. Using its investors money, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ17.9%TTM17.9%0.0%
TTM17.9%YOY14.4%+3.5%
TTM17.9%5Y6.1%+11.8%
5Y6.1%10Y6.1%0.0%
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ17.9%2.6%+15.3%
TTM17.9%2.2%+15.7%
YOY14.4%2.1%+12.3%
5Y6.1%1.9%+4.2%
10Y6.1%2.4%+3.7%

1.2. Operating Efficiency of Minda Corporation Ltd.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Minda Corporation Ltd is operating .

  • Measures how much profit Minda Corporation Ltd 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 Ltd to the Auto Parts industry mean.
  • An Operating Margin of 7.9% means the company generated ₹0.08  for each ₹1 in revenue (before taxes).

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

  • The MRQ is 7.9%. The company is operating less efficient.
  • The TTM is 7.9%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ7.9%TTM7.9%0.0%
TTM7.9%YOY6.3%+1.5%
TTM7.9%5Y6.4%+1.4%
5Y6.4%10Y6.4%0.0%
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ7.9%6.0%+1.9%
TTM7.9%3.6%+4.3%
YOY6.3%4.5%+1.8%
5Y6.4%4.9%+1.5%
10Y6.4%4.8%+1.6%
1.2.2. Operating Ratio

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

  • Below 1 is considered healthy (always compare to Auto Parts industry mean).
  • An Operation Ratio of 1.57 means that the operating costs are ₹1.57 for each ₹1 in net sales.

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

  • The MRQ is 1.571. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.571. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.571TTM1.5710.000
TTM1.571YOY1.607-0.036
TTM1.5715Y1.595-0.024
5Y1.59510Y1.5950.000
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ1.5711.624-0.053
TTM1.5711.624-0.053
YOY1.6071.630-0.023
5Y1.5951.570+0.025
10Y1.5951.280+0.315

1.3. Liquidity of Minda Corporation Ltd.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Minda Corporation Ltd 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 1.25 means the company has ₹1.25 in assets for each ₹1 in short-term debts.

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

  • The MRQ is 1.248. The company is just able to pay all its short-term debts.
  • The TTM is 1.248. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.248TTM1.2480.000
TTM1.248YOY1.534-0.287
TTM1.2485Y1.377-0.130
5Y1.37710Y1.3770.000
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ1.2481.641-0.393
TTM1.2481.628-0.380
YOY1.5341.607-0.073
5Y1.3771.581-0.204
10Y1.3771.350+0.027
1.3.2. Quick Ratio

Measures if Minda Corporation Ltd 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 Ltd to the Auto Parts industry mean.
  • A Quick Ratio of 0.61 means the company can pay off ₹0.61 for each ₹1 in debt (using most liquid assets).

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

  • The MRQ is 0.613. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.613. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.613TTM0.6130.000
TTM0.613YOY0.796-0.183
TTM0.6135Y0.752-0.139
5Y0.75210Y0.7520.000
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6130.702-0.089
TTM0.6130.720-0.107
YOY0.7960.740+0.056
5Y0.7520.758-0.006
10Y0.7520.783-0.031

1.4. Solvency of Minda Corporation Ltd.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Minda Corporation Ltd to Auto Parts industry mean.
  • A Debt to Asset Ratio of 0.51 means that Minda Corporation Ltd assets are financed with 50.7% credit (debt) and the remaining percentage (100% - 50.7%) is financed by its owners/shareholders. 

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

  • The MRQ is 0.507. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.507. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.507TTM0.5070.000
TTM0.507YOY0.483+0.024
TTM0.5075Y0.518-0.012
5Y0.51810Y0.5180.000
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5070.495+0.012
TTM0.5070.497+0.010
YOY0.4830.498-0.015
5Y0.5180.494+0.024
10Y0.5180.487+0.031
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Minda Corporation Ltd to the Auto Parts industry mean.
  • A Debt to Equity ratio of 102.7% means that company has ₹1.03 debt for each ₹1 in shareholders equity.

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

  • The MRQ is 1.027. The company is able to pay all its debts with equity. +1
  • The TTM is 1.027. The company is able to pay all its debts with equity. +1
Trends
Current periodCompared to+/- 
MRQ1.027TTM1.0270.000
TTM1.027YOY0.934+0.093
TTM1.0275Y1.086-0.060
5Y1.08610Y1.0860.000
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ1.0271.005+0.022
TTM1.0271.017+0.010
YOY0.9341.031-0.097
5Y1.0861.029+0.057
10Y1.0861.043+0.043

2. Market Valuation of Minda Corporation Ltd

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

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

  • Above 15 is considered overpriced but always compare Minda Corporation Ltd to the Auto Parts industry mean.
  • A PE ratio of 18.07 means the investor is paying ₹18.07 for every ₹1 in earnings.

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

  • The EOD is 31.895. Based on the earnings, the company is overpriced. -1
  • The MRQ is 18.072. Based on the earnings, the company is fair priced.
  • The TTM is 18.072. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD31.895MRQ18.072+13.824
MRQ18.072TTM18.0720.000
TTM18.072YOY25.777-7.705
TTM18.0725Y20.322-2.250
5Y20.32210Y20.3220.000
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
EOD31.89512.908+18.987
MRQ18.07212.072+6.000
TTM18.07212.653+5.419
YOY25.77715.608+10.169
5Y20.32216.716+3.606
10Y20.32221.139-0.817
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 Ltd:

  • The EOD is 66.342. Based on how much money comes from the company's main activities, the company is overpriced. -1
  • The MRQ is 37.589. Based on how much money comes from the company's main activities, the company is fair priced.
  • The TTM is 37.589. Based on how much money comes from the company's main activities, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD66.342MRQ37.589+28.753
MRQ37.589TTM37.5890.000
TTM37.589YOY84.847-47.258
TTM37.5895Y22.833+14.755
5Y22.83310Y22.8330.000
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
EOD66.3425.216+61.126
MRQ37.5894.908+32.681
TTM37.5893.034+34.555
YOY84.8471.040+83.807
5Y22.8332.449+20.384
10Y22.8332.577+20.256
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Minda Corporation Ltd 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 3.23 means the investor is paying ₹3.23 for each ₹1 in book value.

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

  • The EOD is 5.704. Based on the equity, the company is overpriced. -1
  • The MRQ is 3.232. Based on the equity, the company is fair priced.
  • The TTM is 3.232. Based on the equity, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD5.704MRQ3.232+2.472
MRQ3.232TTM3.2320.000
TTM3.232YOY3.719-0.487
TTM3.2325Y2.624+0.608
5Y2.62410Y2.6240.000
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
EOD5.7041.466+4.238
MRQ3.2321.443+1.789
TTM3.2321.499+1.733
YOY3.7191.624+2.095
5Y2.6241.698+0.926
10Y2.6242.226+0.398
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

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

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--10.90210.9020%7.675+42%13.307-18%13.307-18%
Book Value Per Share--66.53666.5360%55.634+20%52.479+27%52.479+27%
Current Ratio--1.2481.2480%1.534-19%1.377-9%1.377-9%
Debt To Asset Ratio--0.5070.5070%0.483+5%0.518-2%0.518-2%
Debt To Equity Ratio--1.0271.0270%0.934+10%1.086-5%1.086-5%
Dividend Per Share--1.1001.1000%0.640+72%0.674+63%0.674+63%
Eps--11.90011.9000%8.027+48%4.167+186%4.167+186%
Free Cash Flow Per Share--5.7215.7210%2.439+135%4.544+26%4.544+26%
Free Cash Flow To Equity Per Share--8.8678.8670%-4.216+148%4.029+120%4.029+120%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max---89.029--------
Intrinsic Value_10Y_min---72.723--------
Intrinsic Value_1Y_max---0.332--------
Intrinsic Value_1Y_min---0.323--------
Intrinsic Value_3Y_max---7.544--------
Intrinsic Value_3Y_min---7.007--------
Intrinsic Value_5Y_max---22.647--------
Intrinsic Value_5Y_min---20.258--------
Market Cap89268641800.000+42%51414030991.40051414030991.4000%49465533653.200+4%34107169568.840+51%34107169568.840+51%
Net Profit Margin--0.0660.0660%0.066+1%0.028+140%0.028+140%
Operating Margin--0.0790.0790%0.063+24%0.064+22%0.064+22%
Operating Ratio--1.5711.5710%1.607-2%1.595-2%1.595-2%
Pb Ratio5.704+43%3.2323.2320%3.719-13%2.624+23%2.624+23%
Pe Ratio31.895+43%18.07218.0720%25.777-30%20.322-11%20.322-11%
Price Per Share379.550+43%215.050215.0500%206.900+4%143.290+50%143.290+50%
Price To Free Cash Flow Ratio66.342+43%37.58937.5890%84.847-56%22.833+65%22.833+65%
Price To Total Gains Ratio31.624+43%17.91817.9180%24.882-28%10.714+67%10.714+67%
Quick Ratio--0.6130.6130%0.796-23%0.752-18%0.752-18%
Return On Assets--0.0880.0880%0.075+18%0.034+161%0.034+161%
Return On Equity--0.1790.1790%0.144+24%0.061+192%0.061+192%
Total Gains Per Share--12.00212.0020%8.315+44%13.981-14%13.981-14%
Usd Book Value--192479540.000192479540.0000%160942100.000+20%150946048.000+28%150946048.000+28%
Usd Book Value Change Per Share--0.1320.1320%0.093+42%0.161-18%0.161-18%
Usd Book Value Per Share--0.8050.8050%0.673+20%0.635+27%0.635+27%
Usd Dividend Per Share--0.0130.0130%0.008+72%0.008+63%0.008+63%
Usd Eps--0.1440.1440%0.097+48%0.050+186%0.050+186%
Usd Free Cash Flow--16550380.00016550380.0000%7054300.000+135%12990076.000+27%12990076.000+27%
Usd Free Cash Flow Per Share--0.0690.0690%0.030+135%0.055+26%0.055+26%
Usd Free Cash Flow To Equity Per Share--0.1070.1070%-0.051+148%0.049+120%0.049+120%
Usd Market Cap1080150565.780+42%622109774.996622109774.9960%598532957.204+4%412696751.783+51%412696751.783+51%
Usd Price Per Share4.593+43%2.6022.6020%2.503+4%1.734+50%1.734+50%
Usd Profit--34424500.00034424500.0000%23219900.000+48%12066120.000+185%12066120.000+185%
Usd Revenue--520316940.000520316940.0000%354118600.000+47%371688768.000+40%371688768.000+40%
Usd Total Gains Per Share--0.1450.1450%0.101+44%0.169-14%0.169-14%
 EOD+4 -4MRQTTM+0 -0YOY+29 -65Y+26 -910Y+26 -9

3.2. Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1531.895
Price to Book Ratio (EOD)Between0-15.704
Net Profit Margin (MRQ)Greater than00.066
Operating Margin (MRQ)Greater than00.079
Quick Ratio (MRQ)Greater than10.613
Current Ratio (MRQ)Greater than11.248
Debt to Asset Ratio (MRQ)Less than10.507
Debt to Equity Ratio (MRQ)Less than11.027
Return on Equity (MRQ)Greater than0.150.179
Return on Assets (MRQ)Greater than0.050.088
Total6/10 (60.0%)

3.3. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
OpenGreater thanClose370.050
Total0/1 (0.0%)



Latest Balance Sheet

Balance Sheet of 2023-03-31. Currency in INR. All numbers in thousands.

Summary
Total Assets32,243,000
Total Liabilities16,335,600
Total Stockholder Equity15,907,400
 As reported
Total Liabilities 16,335,600
Total Stockholder Equity+ 15,907,400
Total Assets = 32,243,000

Assets

Total Assets32,243,000
Total Current Assets15,834,000
Long-term Assets16,409,100
Total Current Assets
Cash And Cash Equivalents 1,079,400
Short-term Investments 1,371,900
Net Receivables 6,409,000
Inventory 5,733,000
Other Current Assets 1,240,900
Total Current Assets  (as reported)15,834,000
Total Current Assets  (calculated)15,834,200
+/- 200
Long-term Assets
Property Plant Equipment 9,497,200
Goodwill 929,300
Intangible Assets 683,200
Other Assets 584,000
Long-term Assets  (as reported)16,409,100
Long-term Assets  (calculated)11,693,700
+/- 4,715,400

Liabilities & Shareholders' Equity

Total Current Liabilities12,689,000
Long-term Liabilities3,646,200
Total Stockholder Equity15,907,400
Total Current Liabilities
Short Long Term Debt 3,810,500
Accounts payable 7,256,000
Other Current Liabilities 1,367,000
Total Current Liabilities  (as reported)12,689,000
Total Current Liabilities  (calculated)12,433,500
+/- 255,500
Long-term Liabilities
Long term Debt 1,716,200
Capital Lease Obligations Min Short Term Debt1,604,900
Other Liabilities 581,000
Long-term Liabilities Other 41,500
Long-term Liabilities  (as reported)3,646,200
Long-term Liabilities  (calculated)3,943,600
+/- 297,400
Total Stockholder Equity
Common Stock478,000
Other Stockholders Equity 15,430,000
Total Stockholder Equity (as reported)15,907,400
Total Stockholder Equity (calculated)15,908,000
+/- 600
Other
Capital Stock478,200
Common Stock Shares Outstanding 239,079
Net Debt 4,447,300
Net Invested Capital 21,434,100
Net Tangible Assets 14,296,000
Net Working Capital 3,144,500
Property Plant and Equipment Gross 9,497,200



Balance Sheet

Currency in INR. All numbers in thousands.

 Trend2023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312017-03-31
> Total Assets 
0
0
24,518,000
23,285,000
23,298,000
25,719,000
32,243,000
32,243,00025,719,00023,298,00023,285,00024,518,00000
   > Total Current Assets 
7,839,000
11,287,000
14,493,000
15,258,000
14,862,000
15,450,000
15,834,000
15,834,00015,450,00014,862,00015,258,00014,493,00011,287,0007,839,000
       Cash And Cash Equivalents 
0
0
303,000
947,000
531,000
708,000
1,079,400
1,079,400708,000531,000947,000303,00000
       Short-term Investments 
0
0
3,225,000
3,775,000
4,317,000
2,325,000
1,371,900
1,371,9002,325,0004,317,0003,775,0003,225,00000
       Net Receivables 
3,955,000
5,920,000
5,810,000
3,898,000
4,420,000
5,688,000
6,409,000
6,409,0005,688,0004,420,0003,898,0005,810,0005,920,0003,955,000
       Inventory 
3,064,000
4,479,000
4,464,000
3,949,000
3,959,000
4,789,000
5,733,000
5,733,0004,789,0003,959,0003,949,0004,464,0004,479,0003,064,000
       Other Current Assets 
350,000
468,000
571,000
2,461,000
1,188,000
1,423,000
1,240,900
1,240,9001,423,0001,188,0002,461,000571,000468,000350,000
   > Long-term Assets 
0
0
10,025,000
8,027,000
8,436,000
10,269,000
16,409,100
16,409,10010,269,0008,436,0008,027,00010,025,00000
       Property Plant Equipment 
4,918,000
6,039,000
6,327,000
5,577,000
5,924,000
7,529,000
9,497,200
9,497,2007,529,0005,924,0005,577,0006,327,0006,039,0004,918,000
       Goodwill 
0
0
1,012,000
301,000
299,000
929,000
929,300
929,300929,000299,000301,0001,012,00000
       Intangible Assets 
0
0
187,000
108,000
83,000
737,000
683,200
683,200737,00083,000108,000187,00000
       Long-term Assets Other 
0
0
0
17,000
-1,000
73,800
128,600
128,60073,800-1,00017,000000
> Total Liabilities 
0
0
12,567,000
13,536,000
11,832,000
12,418,000
16,335,600
16,335,60012,418,00011,832,00013,536,00012,567,00000
   > Total Current Liabilities 
7,145,000
10,022,000
10,711,000
11,675,000
10,287,000
10,069,000
12,689,000
12,689,00010,069,00010,287,00011,675,00010,711,00010,022,0007,145,000
       Short Long Term Debt 
0
0
5,290,000
4,151,000
3,899,000
3,066,000
3,810,500
3,810,5003,066,0003,899,0004,151,0005,290,00000
       Accounts payable 
2,640,000
4,409,000
4,103,000
5,093,000
5,065,000
5,675,000
7,256,000
7,256,0005,675,0005,065,0005,093,0004,103,0004,409,0002,640,000
       Other Current Liabilities 
327,000
445,000
456,000
629,000
1,018,000
872,000
1,367,000
1,367,000872,0001,018,000629,000456,000445,000327,000
   > Long-term Liabilities 
0
0
1,856,000
1,861,000
1,545,000
2,349,000
3,646,200
3,646,2002,349,0001,545,0001,861,0001,856,00000
       Capital Lease Obligations Min Short Term Debt
0
0
146,000
919,000
445,000
1,146,000
1,604,900
1,604,9001,146,000445,000919,000146,00000
       Long-term Liabilities Other 
0
0
27,000
35,000
31,000
39,000
41,500
41,50039,00031,00035,00027,00000
> Total Stockholder Equity
0
0
11,951,000
9,749,000
11,466,000
13,301,000
15,907,400
15,907,40013,301,00011,466,0009,749,00011,951,00000
   Common Stock
416,000
416,000
453,000
454,000
478,000
478,000
478,000
478,000478,000478,000454,000453,000416,000416,000
   Retained Earnings Total Equity0000000
   Accumulated Other Comprehensive Income 0000000
   Capital Surplus 0000000
   Treasury Stock0000000
   Other Stockholders Equity 
256,000
387,000
312,000
362,000
778,000
812,000
15,430,000
15,430,000812,000778,000362,000312,000387,000256,000



Balance Sheet

Currency in INR. All numbers in thousands.




Cash Flow

Currency in INR. All numbers in thousands.




Income Statement

Currency in INR. All numbers in thousands.


Latest Income Statement (annual, 2023-03-31)

Gross Profit (+$)
totalRevenue43,001,400
Cost of Revenue-27,773,700
Gross Profit15,227,70015,227,700
 
Operating Income (+$)
Gross Profit15,227,700
Operating Expense-39,767,100
Operating Income3,234,300-24,539,400
 
Operating Expense (+$)
Research Development0
Selling General Administrative479,000
Selling And Marketing Expenses0
Operating Expense39,767,100479,000
 
Net Interest Income (+$)
Interest Income135,000
Interest Expense-407,400
Other Finance Cost-135,000
Net Interest Income-407,400
 
Pretax Income (+$)
Operating Income3,234,300
Net Interest Income-407,400
Other Non-Operating Income Expenses0
Income Before Tax (EBT)2,984,7003,234,300
EBIT - interestExpense = 2,984,600
2,886,000
3,252,400
Interest Expense407,400
Earnings Before Interest and Taxes (EBIT)3,392,0003,392,100
Earnings Before Interest and Taxes (EBITDA)4,772,700
 
After tax Income (+$)
Income Before Tax2,984,700
Tax Provision-40,800
Net Income From Continuing Ops2,845,0002,943,900
Net Income2,845,000
Net Income Applicable To Common Shares2,845,000
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses4,358,000
Total Other Income/Expenses Net0407,400
 

Technical Analysis of Minda Corporation Ltd
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 Ltd. The general trend of Minda Corporation Ltd is UNKNOWN with 0.0% 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 Ltd'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 StateBullish trend Bearish trend
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. 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 Ltd.

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

  • Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 404.75 < 449.00.

The bearish price targets are: 381.88 > 374.49 > 344.52.

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Minda Corporation Ltd Daily Support & Resistance Chart

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 Ltd. The current mas is .

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200

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

Minda Corporation Ltd 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 Ltd.

Minda Corporation Ltd Daily Moving Average Convergence/Divergence (MACD) ChartMinda Corporation Ltd 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 Ltd. The current adx is .

Minda Corporation Ltd 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 Ltd.

Minda Corporation Ltd Daily Parabolic SAR Chart

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 Ltd.

Minda Corporation Ltd Daily Relative Strength Index (RSI) ChartMinda Corporation Ltd 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 Ltd.

Minda Corporation Ltd Daily Stochastic Oscillator ChartMinda Corporation Ltd 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 Ltd.

Minda Corporation Ltd Daily Commodity Channel Index (CCI) ChartMinda Corporation Ltd 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 Ltd.

Minda Corporation Ltd Daily Chande Momentum Oscillator (CMO) ChartMinda Corporation Ltd 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 Ltd.

Minda Corporation Ltd Daily Williams %R ChartMinda Corporation Ltd Daily Williams %R Chart

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 Ltd.

Minda Corporation Ltd 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 Ltd.

Minda Corporation Ltd Daily Average True Range (ATR) ChartMinda Corporation Ltd Daily Average True Range (ATR) Chart

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 Ltd.

Minda Corporation Ltd Daily On-Balance Volume (OBV) ChartMinda Corporation Ltd 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 Ltd.

Minda Corporation Ltd Daily Money Flow Index (MFI) ChartMinda Corporation Ltd Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Minda Corporation Ltd.

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
2023-10-26STOCH SHORT EXITThe %K line crosses above the %D line.
2023-10-30STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-01STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-03DMI 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.
2023-11-06STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-08MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-10WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-13STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-15STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-16STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-17CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-20MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-11-21MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-22STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-23MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-11-28SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-29MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line 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).
2023-12-01STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-04STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-12-06STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-11STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-12CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-14STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-15STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-18MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-19CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-20RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-21MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-12-22STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-27STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-29STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-02STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-03STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-04STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-08CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-09STOCH 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).
2024-01-10CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-11SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-15MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-16MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-17MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line 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).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-19STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-20STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-22STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-23STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-24STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-25STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-30WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-31STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-01STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-02MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-02-05STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-06MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-07MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-09SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-13STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-14SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-02-15STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-19MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB 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
2024-02-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-29MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-03-01STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-06SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-07WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-11DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-03-12STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-13STOCH LONG EXITThe %K line crosses below the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-14STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside

6.3. Candlestick Patterns

Minda Corporation Ltd Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
OpenGreater thanClose370.050
Total0/1 (0.0%)
Penke

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