Case study

MINDACORP

Minda Corporation Limited

Tread carefully1y model +6.6%

Each stock's 10,000-path forecast, rendered as light.

41Score

Minda Corporation Limited (MINDACORP) Stock Analysis & Case Study

Is MINDACORP a good buy? The data-driven verdict.

Minda Corporation Limited (MINDACORP) trades at ₹722,on the numbers it tread carefully, a Downstox Snapshot Score of 41/100.

On the numbers, Minda Corporation Limited (MINDACORP) tread carefully, a Downstox Snapshot Score of 41/100, weighing expensive at 48.5× earnings, ROE of 14.7%, a 57% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027-2031.

Last updated . Data snapshot for research, not investment advice.

MINDACORP fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield

Market cap
₹17,253 Cr
Current price
₹722
P/E ratio
48.5×
P/B ratio
6.56×
Book value
₹110
Dividend yield
0.19%
ROCE
12.7%
ROE
14.7%
Piotroski F-Score
6/8

How MINDACORP ranks against the 2,373 companies in our screener

Is MINDACORP overvalued? MINDACORP P/E vs peers

MINDACORP trades at 48.5× earnings. We don't have a verified sector peer group for this stock yet, so no sector peer median or peer comparison table is shown here. Showing one anyway would compare it against an arbitrary set of large-cap names, not real sector peers.

MINDACORP share price target 2027, 2028, 2029, 2030, 2031, a probability view

Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 9.8y of MINDACORP history (19%/yr drift, 36%/yr volatility).

YearLow (P10)Median target (P50)High (P90)Upside vs today
MINDACORP 2027₹483₹769₹1,226+7%
MINDACORP 2028₹422₹821₹1,594+14%
MINDACORP 2029₹391₹875₹1,959+21%
MINDACORP 2030₹363₹933₹2,395+29%
MINDACORP 2031₹344₹995₹2,877+38%

Median (P50) is the central estimate; the P10-P90 band is the 80% confidence range. Probabilities, not promises.

What is the probability MINDACORP goes up, or doubles?

57%
Higher in 1 year
Modelled chance the price is above today in 12 months
65%
Higher in 5 years
Modelled chance the price is above today in 5 years
33%
Doubles in 5 years
Modelled chance of reaching ₹1,443 within 5 years

The bull case for MINDACORP

  • MINDACORP's return on equity of 14.7% ranks in the 70th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • Upside scenario: the model's optimistic (P90) 3-year path reaches ₹1,959.

The bear case & risks

  • MINDACORP's P/E of 48.5x is lower than 27% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹391.

MINDACORP volatility & expected range, how bumpy is the ride?

Over the last 9.8 years MINDACORP compounded at 19%/year with annualized volatility of 36%. That volatility implies a 1-year 80% range of ₹483-₹1,226, the honest backbone behind any single price target.

MINDACORP price forecast, the full 60-month probability fan

Spot Price · Today
₹0
Based on 9.8 years of daily NSE data ·0.0% annualised volatility
5-yr median forecast
₹0
P(price ↑ in 5y)
0%
1-Year Forecast
2027
₹0
Median (P50)
6.6%
80% range₹483-₹1,226
P(price ↑)57%
P(price 2×)5%
3-Year Forecast
2029
₹0
Median (P50)
21.2%
80% range₹391-₹1,959
P(price ↑)62%
P(price 2×)21%
5-Year Forecast
2031
₹0
Median (P50)
37.8%
80% range₹344-₹2,877
P(price ↑)65%
P(price 2×)33%

MINDACORP price probability fan

Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.

Probability Fan
MINDACORP simulated paths · 60 months · 10,000 trials
P10-P90 (80%)P25-P75 (50%)Median (P50)

Probability of key outcomes

What are the odds MINDACORP hits common targets within the simulated horizon?

0%
P(↑ 1Y)
Above today's price in 1 year
0%
P(↑ 5Y)
Above today's price in 5 years
0%
P(2×)
Doubles within 5 years
0%
P(↓)
Falls below today in 5 years

Full multi-horizon detail on the MINDACORP price target & forecast page.

MINDACORP Piotroski F-Score: 6/8, how financially strong is it?

6/8

The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. MINDACORP scores 6/8, mixed financial health.

MINDACORP MTF margin & leverage across 11 brokers

Margin Trading Facility lets you buy MINDACORP with part of the capital. Lower margin % = higher leverage. Rates compared across 11 brokers (no competitor publishes this):

BrokerMargin requiredApprox. leverage
Upstox31.16%3.2×
Zerodha31.13%3.2×
Groww31.26%3.2×
DhanCHEAPEST31.13%3.2×
Kotak Neo31.15%3.2×
Paytm Money31.27%3.2×
Pocketful31.39%3.2×
Fyers32.26%3.1×
Anand Rathi31.13%3.2×
Bajaj Broking33.00%3.0×
Share India31.26%3.2×

Compare every broker on the MINDACORP MTF page.

About Minda Corporation Limited: sector, index & market-cap context

Minda Corporation Limited (MINDACORP) is a small-cap NSE-listed company, and a constituent of the Nifty 500 index, with a market capitalisation of ₹17,253 Cr. See more stocks on our screener.

How the MINDACORP Snapshot Score & forecast are built

The Downstox Snapshot Score is a transparent, rules-based read of Minda Corporation Limited's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.

This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.

MINDACORP analysis, FAQs

Is Minda Corporation Limited (MINDACORP) a good buy?

On the numbers, Minda Corporation Limited (MINDACORP) tread carefully, a Downstox Snapshot Score of 41/100, weighing expensive at 48.5× earnings, ROE of 14.7%, a 57% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.

Is MINDACORP overvalued or undervalued?

MINDACORP trades at 48.5× earnings, expensive versus the ~22× long-run Nifty average.

What is the MINDACORP share price target for 2031?

MINDACORP's probability-weighted 2031 median target is ₹995, with an 80% range of ₹344-₹2,877 (10,000-path Monte-Carlo).

What is the probability MINDACORP doubles in 5 years?

The modelled probability of MINDACORP reaching ₹1,443 (2×) within 5 years is 33%.

What is the bull case for MINDACORP?

MINDACORP's return on equity of 14.7% ranks in the 70th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.

What are the risks in MINDACORP?

MINDACORP's P/E of 48.5x is lower than 27% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.

More on MINDACORP