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Minda Corporation Limited MINDACORP NIFTY_SMALLNSE

Consumer Cyclical · Auto Parts · India
https://sparkminda.com

Minda Corporation Limited manufactures and sells automobile components and parts in India, rest of Asia, America, Europe, and Africa. The company offers mechatronic products, such as ignition switch cum steering locks, smart key systems and keyless entry, access systems, mechatronics handles, immobiliser fuel tank caps, aluminium and zinc die casting components, flush outer door handles, knob type smart lock systems, starter motors, and alternators; information and connected systems, including wiring harness, connectors, cockpit, fully digital clusters, 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 vent rears, glove boxes, center consoles, cup holders, ash trays, louvers, oil slumps, cylinder heads, battery trays, and light weight solutions; and aftermarket products that comprise locks, lubricants, filters, clutch plates, bearings, wiper blades, brake shoes, and cables. In addition, the company offers DC-DC convertors, battery chargers, motor controllers, intelligent transport system, telematics, connected clusters, MFECU, and vehicle control units; and rod, micro pole, shark fin, and LF antennas. Further, it offers kick and tilt gyro IMU sensors, tyre pressure monitoring systems, EV supply equipment, primary gears, ignition coils, cooling fans, and spark plug caps, as well as various type of motors and invertors. The company serves passenger and commercial vehicle, motorcycle and scooter, off-road vehicle, and tier 1 manufacturers, as well as original equipment manufacturers. It exports its products. 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.

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₹624.40
+17.42% 1Y

Market & Price

Market Cap
₹14,695.94 Cr
Current Price
₹624.40
High / Low (52W)
₹624.40 / ₹457.49
Beta
0.37

Valuation

Stock P/E
41.49
Industry PE
26.67
Forward P/E
26.97
PEG Ratio
-
Book Value
₹103.77
Price to Book
6.02
P/S
2.38
EV/EBITDA
22.25
Dividend Yield
0.26%

Profitability & Returns

ROCE
15.08%
ROE
14.74%
ROA
5.92%
Profit Margin
5.82%
Op Margin
8.49%
EPS (Latest Qtr)
₹5.21
EPS (TTM)
₹15.05

Balance Sheet & Liquidity

Debt/Equity
0.55
Quick Ratio
0.53
Current Ratio
0.94
Debt
₹1,471.45 Cr
Total Assets
₹5,495.42 Cr
Current Assets
₹2,017.57 Cr
Working Capital
₹-127.51 Cr

Ownership

Promoter Holding
67.47%
Chg in Prom Hold
-
FII / Inst Holding
28.84%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
₹16,047.60 Cr
Total Revenue (TTM)
₹6,185.34 Cr
EBITDA
₹721.09 Cr
Free Cash Flow
₹78.01 Cr
Operating Cash Flow
₹675.62 Cr
Shares Outstanding
₹23.54 Cr
Gross Margin
36.96%
Payout Ratio
9.95%

Growth (CAGR)

Revenue 5Y
13.52%
Profit 5Y
8.19%
Revenue (YoY)
29.00%
Earnings (YoY)
139.10%

PROS

  • Compounding revenue at 13.5% over 5 years.
  • Generates positive free cash flow.

CONS

  • In a downtrend (50-DMA below 200-DMA).
  • RSI at 77 suggests overbought conditions.

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Consumer Cyclical).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 MINDACORP Minda Corporation Limited NIFTY_SMALLNSE 624.40 41.49 ₹14,695.94 Cr 0.26% 15.08% 14.74% 13.52% 8.19%
2 MARUTI Maruti Suzuki India Limited NIFTY50NSEAI 13,127.00 28.09 ₹4.13 L Cr 1.07% 17.22% 14.43% 16.60% 21.11%
3 M&M Mahindra & Mahindra Limited NIFTY50NSEAI 3,045.60 20.00 ₹3.66 L Cr 1.08% 17.26% 18.75% 18.44% 18.48%
4 TITAN Titan Company Limited NIFTY50NSE 4,074.90 71.43 ₹3.61 L Cr 0.27% 38.43% 37.13% 23.83% 16.00%
5 ETERNAL Eternal Limited NSEAITECH 250.58 626.45 ₹2.30 L Cr - 2.87% 1.19% 97.70% 45.90%
6 EICHERMOT Eicher Motors Limited NIFTY50NSEAI 7,177.00 35.71 ₹1.97 L Cr 0.98% 26.43% 23.77% 17.47% 23.70%
7 TVSMOTOR TVS Motor Company Limited NSE 3,355.70 52.91 ₹1.59 L Cr 0.36% 28.86% 31.62% 26.91% 31.46%
8 HYUNDAI HYUNDAI MOTOR INDIA LTD NSE 1,924.00 28.82 ₹1.56 L Cr 1.09% 32.62% 29.92% 5.50% 4.87%
9 MOTHERSON Samvardhana Motherson International Limited NSEAI 145.74 39.82 ₹1.53 L Cr 0.41% 11.82% 10.11% 17.10% 37.17%
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Quarterly Results

Figures in INR.

Metric Sep 2024Dec 2024Mar 2025Jun 2025Dec 2025Mar 2026
Revenue 1,290.01 Cr1,252.56 Cr1,321.26 Cr1,385.88 Cr1,560.29 Cr1,703.81 Cr
Cost of Revenue 812.24 Cr771.39 Cr815.68 Cr862.11 Cr980.17 Cr1,101.35 Cr
Gross Profit 477.77 Cr481.17 Cr505.58 Cr523.77 Cr580.12 Cr602.46 Cr
Operating Expenses 382.41 Cr387.97 Cr409.51 Cr423.53 Cr454.31 Cr457.79 Cr
Operating Income 95.36 Cr93.20 Cr96.07 Cr100.24 Cr125.81 Cr144.67 Cr
EBITDA 158.23 Cr152.65 Cr156.21 Cr159.58 Cr182.79 Cr211.67 Cr
Interest Expense 11.08 Cr11.90 Cr34.50 Cr32.80 Cr28.56 Cr29.54 Cr
Pretax Income 95.93 Cr90.39 Cr64.90 Cr70.73 Cr96.52 Cr123.43 Cr
Tax Provision 25.16 Cr26.03 Cr23.17 Cr18.56 Cr31.59 Cr30.90 Cr
Net Income 74.34 Cr64.80 Cr52.03 Cr65.31 Cr85.70 Cr124.61 Cr
Diluted EPS 3.112.712.182.733.585.21

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue -4,227.90 Cr4,580.10 Cr5,056.22 Cr6,185.34 Cr
Cost of Revenue -2,879.20 Cr3,047.80 Cr3,146.47 Cr3,899.56 Cr
Gross Profit -1,348.70 Cr1,532.30 Cr1,909.75 Cr2,285.78 Cr
Operating Expenses -1,019.00 Cr1,167.60 Cr1,539.26 Cr1,794.23 Cr
Operating Income -329.70 Cr364.70 Cr370.49 Cr491.55 Cr
EBITDA -473.80 Cr528.30 Cr607.21 Cr734.90 Cr
Interest Expense -37.20 Cr54.10 Cr67.24 Cr121.89 Cr
Pretax Income -298.50 Cr308.40 Cr335.66 Cr383.47 Cr
Tax Provision -4.10 Cr83.20 Cr96.46 Cr106.33 Cr
Net Income -284.50 Cr227.20 Cr255.37 Cr360.26 Cr
Diluted EPS -11.899.4910.6815.07

Compounded Sales Growth

5 Years:13.52%
1 Year:29.00%

Compounded Profit Growth

5 Years:8.19%
1 Year:139.10%

Stock Price Performance

1 Year:+17.42%
6 Months:+5.01%
3 Months:+7.05%
1 Month:+20.10%

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets -3,224.30 Cr3,439.00 Cr4,883.10 Cr5,495.42 Cr
Current Assets -1,583.40 Cr1,979.50 Cr1,677.90 Cr2,017.57 Cr
Cash & Equivalents -107.90 Cr152.10 Cr75.90 Cr102.77 Cr
Inventory -573.30 Cr527.00 Cr580.80 Cr709.90 Cr
Receivables -640.90 Cr804.40 Cr827.50 Cr994.97 Cr
Total Liabilities -1,633.50 Cr1,458.40 Cr2,680.90 Cr2,836.90 Cr
Current Liabilities -1,268.90 Cr1,102.40 Cr1,962.40 Cr2,145.08 Cr
Long Term Debt -171.60 Cr136.70 Cr420.90 Cr398.07 Cr
Total Debt -713.10 Cr535.20 Cr1,609.50 Cr1,471.45 Cr
Total Equity -1,590.80 Cr1,980.60 Cr2,202.20 Cr2,643.51 Cr
Shares Outstanding -23.91 Cr23.91 Cr23.91 Cr23.91 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow -387.40 Cr286.80 Cr544.34 Cr675.62 Cr
Investing Cash Flow --428.10 Cr116.70 Cr-1,408.65 Cr-383.08 Cr
Financing Cash Flow -74.30 Cr-358.40 Cr788.52 Cr-267.20 Cr
Capital Expenditure --250.70 Cr-252.00 Cr-350.06 Cr-394.44 Cr
Free Cash Flow -136.70 Cr34.80 Cr194.28 Cr281.18 Cr
Net Change in Cash -33.60 Cr45.10 Cr-75.79 Cr25.34 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross Margin % -31.9%33.5%37.8%37.0%
Operating Margin % -7.8%8.0%7.3%7.9%
Net Margin % -6.7%5.0%5.1%5.8%
ROE % -17.9%11.5%11.6%13.6%
ROCE % -16.9%15.6%12.7%14.7%

Shareholding Pattern

Insiders
67.47%
Institutions
28.84%
Public Float
88.65%

Analyst View

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