Minda Corporation Limited MINDACORP NIFTY_SMALLNSE
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.
READ MORE ›Market & Price
Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
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
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
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).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div 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% |
Quarterly Results
Figures in INR.
| Metric | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Revenue | 1,290.01 Cr | 1,252.56 Cr | 1,321.26 Cr | 1,385.88 Cr | 1,560.29 Cr | 1,703.81 Cr |
| Cost of Revenue | 812.24 Cr | 771.39 Cr | 815.68 Cr | 862.11 Cr | 980.17 Cr | 1,101.35 Cr |
| Gross Profit | 477.77 Cr | 481.17 Cr | 505.58 Cr | 523.77 Cr | 580.12 Cr | 602.46 Cr |
| Operating Expenses | 382.41 Cr | 387.97 Cr | 409.51 Cr | 423.53 Cr | 454.31 Cr | 457.79 Cr |
| Operating Income | 95.36 Cr | 93.20 Cr | 96.07 Cr | 100.24 Cr | 125.81 Cr | 144.67 Cr |
| EBITDA | 158.23 Cr | 152.65 Cr | 156.21 Cr | 159.58 Cr | 182.79 Cr | 211.67 Cr |
| Interest Expense | 11.08 Cr | 11.90 Cr | 34.50 Cr | 32.80 Cr | 28.56 Cr | 29.54 Cr |
| Pretax Income | 95.93 Cr | 90.39 Cr | 64.90 Cr | 70.73 Cr | 96.52 Cr | 123.43 Cr |
| Tax Provision | 25.16 Cr | 26.03 Cr | 23.17 Cr | 18.56 Cr | 31.59 Cr | 30.90 Cr |
| Net Income | 74.34 Cr | 64.80 Cr | 52.03 Cr | 65.31 Cr | 85.70 Cr | 124.61 Cr |
| Diluted EPS | 3.11 | 2.71 | 2.18 | 2.73 | 3.58 | 5.21 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | - | 4,227.90 Cr | 4,580.10 Cr | 5,056.22 Cr | 6,185.34 Cr |
| Cost of Revenue | - | 2,879.20 Cr | 3,047.80 Cr | 3,146.47 Cr | 3,899.56 Cr |
| Gross Profit | - | 1,348.70 Cr | 1,532.30 Cr | 1,909.75 Cr | 2,285.78 Cr |
| Operating Expenses | - | 1,019.00 Cr | 1,167.60 Cr | 1,539.26 Cr | 1,794.23 Cr |
| Operating Income | - | 329.70 Cr | 364.70 Cr | 370.49 Cr | 491.55 Cr |
| EBITDA | - | 473.80 Cr | 528.30 Cr | 607.21 Cr | 734.90 Cr |
| Interest Expense | - | 37.20 Cr | 54.10 Cr | 67.24 Cr | 121.89 Cr |
| Pretax Income | - | 298.50 Cr | 308.40 Cr | 335.66 Cr | 383.47 Cr |
| Tax Provision | - | 4.10 Cr | 83.20 Cr | 96.46 Cr | 106.33 Cr |
| Net Income | - | 284.50 Cr | 227.20 Cr | 255.37 Cr | 360.26 Cr |
| Diluted EPS | - | 11.89 | 9.49 | 10.68 | 15.07 |
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 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Total Assets | - | 3,224.30 Cr | 3,439.00 Cr | 4,883.10 Cr | 5,495.42 Cr |
| Current Assets | - | 1,583.40 Cr | 1,979.50 Cr | 1,677.90 Cr | 2,017.57 Cr |
| Cash & Equivalents | - | 107.90 Cr | 152.10 Cr | 75.90 Cr | 102.77 Cr |
| Inventory | - | 573.30 Cr | 527.00 Cr | 580.80 Cr | 709.90 Cr |
| Receivables | - | 640.90 Cr | 804.40 Cr | 827.50 Cr | 994.97 Cr |
| Total Liabilities | - | 1,633.50 Cr | 1,458.40 Cr | 2,680.90 Cr | 2,836.90 Cr |
| Current Liabilities | - | 1,268.90 Cr | 1,102.40 Cr | 1,962.40 Cr | 2,145.08 Cr |
| Long Term Debt | - | 171.60 Cr | 136.70 Cr | 420.90 Cr | 398.07 Cr |
| Total Debt | - | 713.10 Cr | 535.20 Cr | 1,609.50 Cr | 1,471.45 Cr |
| Total Equity | - | 1,590.80 Cr | 1,980.60 Cr | 2,202.20 Cr | 2,643.51 Cr |
| Shares Outstanding | - | 23.91 Cr | 23.91 Cr | 23.91 Cr | 23.91 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | 387.40 Cr | 286.80 Cr | 544.34 Cr | 675.62 Cr |
| Investing Cash Flow | - | -428.10 Cr | 116.70 Cr | -1,408.65 Cr | -383.08 Cr |
| Financing Cash Flow | - | 74.30 Cr | -358.40 Cr | 788.52 Cr | -267.20 Cr |
| Capital Expenditure | - | -250.70 Cr | -252.00 Cr | -350.06 Cr | -394.44 Cr |
| Free Cash Flow | - | 136.70 Cr | 34.80 Cr | 194.28 Cr | 281.18 Cr |
| Net Change in Cash | - | 33.60 Cr | 45.10 Cr | -75.79 Cr | 25.34 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
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