Minda Corporation Ltd
NSE: MINDACORP · Auto Components & Equipments · sector
₹594.35NSE close 2026-10-26
Key numbers
Market cap₹14,211 cr
Price₹594.35
52w high / low₹769 / ₹468
P/E27.9xSector median 24.3x
P/B5.4xSector median 3.3x
Book value₹110.6
Dividend yield0.25%Sector median 0.55%
ROE20.7%Sector median 14.0%
ROCE17.4%Sector median 15.8%
OPM13.5%Sector median 11.6%
Debt / equity0.46xSector median 0.28x
EV/EBITDA17.0xSector median 13.0x
Interest cover5.6x
Current ratio0.94x
Sales growth 3y+12.9%Sector median +9.0%
Profit growth 3y+8.2%Sector median +9.5%
PEG3.41x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 132 companies in Auto Components & Equipments (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹147 cr vs borrowings ₹1,212 cr (FY26): borrowings are higher by ₹1,065 cr.
- Operating profit covered interest 5.6x in the last 12 months.
- Operating cash flow was below net profit in 1 of the last 5 years (FY22).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 3% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹594.35 on 2026-10-26: -22.7% from the 52-week high, +26.9% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹738.90 · low ₹471.35
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,290 | 1,253 | 1,321 | 1,386 | 1,535 | 1,560 | 1,704 | 1,846 |
| EBITDA | 147 | 144 | 153 | 156 | 178 | 179 | 206 | 336 |
| OPM % | 11.4% | 11.5% | 11.6% | 11.3% | 11.6% | 11.5% | 12.1% | 18.2% |
| Other income | 12 | 9 | 3 | 3 | 3 | 3 | 6 | 2 |
| Net profit | 74 | 65 | 52 | 65 | 85 | 86 | 125 | 206 |
| EPS (₹) | 3.16 | 2.75 | 2.21 | 2.78 | 3.60 | 3.64 | 5.29 | 8.75 |
| Revenue YoY | +19.0% | +24.6% | +29.0% | +33.2% | ||||
| Profit YoY | +13.9% | +32.3% | +139.5% | +215.5% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 2,976 | 4,300 | 4,651 | 5,056 | 6,185 | 6,646 |
| EBITDA | 327 | 461 | 514 | 575 | 720 | 899 |
| Net profit | 192 | 284 | 227 | 255 | 360 | 501 |
| EPS (₹) | 8.16 | 12.09 | 9.65 | 10.85 | 15.31 | 21.28 |
| Revenue growth | +44.5% | +8.2% | +8.7% | +22.3% | +26.6% | |
| Profit growth | +48.3% | -20.1% | +12.4% | +41.1% | +95.3% | |
| Dividend / share (₹) | 0.65 | 1.10 | 1.30 | 1.40 | 1.50 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +12.9% | +21.2% | +26.6% |
| Net profit | +8.2% | +46.8% | +95.3% |
| EPS | +8.2% | +45.7% | – |
| Share price | – | +7.9% (2y) | +5.5% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 1,591 | 1,981 | 2,202 | 2,644 |
| Borrowings | – | 553 | 348 | 1,345 | 1,212 |
| Cash & equivalents | – | 162 | 483 | 97 | 147 |
| Total assets | – | 3,224 | 3,439 | 4,883 | 5,495 |
| Fixed assets | – | 864 | 1,050 | 1,347 | 1,446 |
| Capital work in progress | – | 85 | 58 | 65 | 129 |
| Investments | – | 451 | 57 | 1,476 | 1,558 |
| Receivables | – | 641 | 804 | 828 | 995 |
| Inventory | – | 573 | 527 | 581 | 710 |
| Payables | – | 726 | 714 | 829 | 1,143 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 167 | 598 | 287 | 544 | 676 |
| Cash from investing | -7 | -640 | 117 | -1,409 | -383 |
| Cash from financing | -143 | 75 | -359 | 789 | -267 |
| Capex | 109 | 251 | 252 | 350 | 394 |
| Free cash flow | 58 | 348 | 35 | 194 | 281 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 17.9% | 11.5% | 11.6% | 13.6% |
| ROCE % | – | 15.8% | 15.6% | 11.4% | 13.1% |
| Debtor days | – | 54 | 63 | 60 | 59 |
| Inventory days | – | 75 | 66 | 67 | 66 |
| Payable days | – | 95 | 89 | 96 | 107 |
| Cash conversion cycle (days) | – | 34 | 40 | 31 | 18 |
| Working capital days | – | 29 | 69 | -21 | -8 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 64.84% |
| FIIs | 9.37% |
| DIIs | 17.91% |
| of which Mutual funds | 14.78% |
| of which Insurance | 2.73% |
| Government | 0.00% |
| Public (non-institutions) | 6.32% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 64.84% | 64.84% | 64.84% | 64.84% | 64.84% | 64.84% | 64.84% | 64.84% |
| Promoter group | % |
|---|---|
| Ashok Minda | 34.19% |
| Minda Capital Private Limited | 16.14% |
| Sarika Minda | 13.97% |
| Whiteline Barter Limited | 0.55% |
| Aakash Minda | 0.00% |
| Nirmal K. Minda | 0.00% |
| Divyaa Gupta | 0.00% |
| Megha Batra | 0.00% |
| Kanika Minda | 0.00% |
| Rekha Bansal | 0.00% |
| Shalu Gupta | 0.00% |
| Shekhar Agarwal | 0.00% |
| Bimla Devi Agarwal | 0.00% |
| Yojana Management Tech Private Ltd. | 0.00% |
| Gracious Getaways Private Limited | 0.00% |
| Public holders above 1% | % |
|---|---|
| Axis Mutual Fund Trustee Ltd. A/C Axis Mutual Fund A/C Axis | 5.99% |
| Kotak Funds - India Midcap Fund | 3.59% |
| Kotak Small CAP Fund | 3.02% |
| Aditya Birla SUN Life Mutual Fund - Aditya Birla SUN Life BA | 2.29% |
| Employees Benefit Trust (Under SEBI (Share Based Employee Benefit Regulation 2014) | 1.56% |
| SBI Life Insurance Co. Ltd | 1.27% |
| ICICI Prudential Smallcap Index Fund | 1.16% |
| Kotak Mahindra Life Insurance Company Ltd. | 1.06% |
1,00,704 shareholders. Pledged: – of promoter shares.
Peers in Auto Components & Equipments
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| MOTHERSON | ₹1,62,274 cr | 37.0x | 4.0x | 11.6% | 12.9% | 9.3% | +17.0% | 0.44% |
| BOSCHLTD | ₹1,32,455 cr | 56.0x | 8.9x | 16.5% | 21.7% | 13.4% | +10.3% | 1.14% |
| BHARATFORG | ₹82,736 cr | 117.2x | 8.7x | 7.5% | 10.0% | 14.0% | +9.2% | 0.46% |
| UNOMINDA | ₹61,747 cr | 51.3x | 9.0x | 19.1% | 16.6% | 10.9% | +20.5% | 0.27% |
| SCHAEFFLER | ₹54,960 cr | 43.9x | 8.9x | 21.6% | 27.8% | 18.2% | – | – |
| SONACOMS | ₹48,637 cr | 69.8x | 8.1x | 12.0% | 15.2% | 23.6% | +18.7% | 0.41% |
| TIINDIA | ₹40,369 cr | 66.5x | 5.2x | 9.1% | 23.6% | 9.2% | +15.2% | 0.42% |
| ENDURANCE | ₹31,415 cr | 32.4x | 4.6x | 15.4% | 16.7% | 13.1% | +18.4% | 0.45% |
| EXIDEIND | ₹28,636 cr | 30.7x | 2.1x | 6.7% | 9.7% | 10.3% | +6.1% | 0.60% |
| MINDACORP | ₹14,211 cr | 27.9x | 5.4x | 20.7% | 17.4% | 13.5% | +12.9% | 0.25% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-08-14 | Dividend | Dividend - Re 0.80 Per Share |
| 2026-02-13 | Dividend | Interim Dividend - Re 0.60 Per Share |
| 2025-08-14 | Dividend | Dividend - Rs 0.90 Per Share |
| 2025-02-12 | Dividend | Interim Dividend - Re 0.50 Per Share |
| 2024-08-07 | Dividend | Dividend - Re 0.90 Per Share |
| 2024-02-14 | Dividend | Interim Dividend - Re 0.50 Per Share |
| 2023-07-21 | Dividend | Dividend - Rs 0.80 Per Share |
| 2023-02-17 | Dividend | Interim Dividend - Re 0.40 Per Share |
| 2022-07-21 | Dividend | Dividend - Rs 0.70 Per Share |
| 2022-02-15 | Dividend | Interim Dividend - Rs 0.30 Per Share |
| 2021-07-01 | Dividend | Dividend - Rs 0.35 Per Share |
| 2021-02-15 | Dividend | Interim Dividend - Rs 0.30 Per Sh |
| 2020-02-17 | Dividend | Int Dividend - Rs 0.35 Per Share |
| 2019-09-19 | Dividend | Annual General Meeting/Dividend - Rs 0.45 Per Share |
| 2019-02-21 | Dividend | Interim Dividend - Re 0.25 Per Share |
| 2018-07-19 | Dividend | Dividend- Rs 0.35 Per Share |
| 2018-02-22 | Dividend | Interim Dividend - Re 0.25 Per Share |
| 2017-08-10 | Dividend | Dividend - Re 0.30 Per Share |
| 2017-03-01 | Dividend | Interim Dividend Re 0.20 Per Share |
| 2016-09-14 | Dividend | Annual General Meeting / Dividend Re 0.30/- Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing of Automotive Parts and Components: Lock Kits & Lock Sets for Automobiles, Wiring harness & components for Automobiles, Starter Motor & Alternator, Battery Charger, DC-DC Converter & Die casting
| Sector | Consumer Discretionary |
| Industry | Auto Components & Equipments |
| Sub-industry | Auto Components & Equipments |
| Symbol | MINDACORP |
| BSE code | 538962 |
| ISIN | INE842C01021 |
| Face value | ₹2.0 |
| Incorporated | 1985-03-11 |
| Website | www.sparkminda.com |
| Plants (India / abroad) | 22 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.