Minda Corporation Ltd.

NSE: MINDACORP · Automobile and Auto Components

₹712.65+2.71%06 Nov 2026

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Instant answers about Minda Corporation Ltd. — computed from its filings, no language model

Market cap₹17,039 cr

Current price₹712.65

High / Low₹745 / ₹481

P/E30.5

P/B5.73

Book value₹124.5

ROE18.8%

ROCE16.8%

Debt / equity0.48

Dividend yield0.21%

EPS (TTM)₹23.40

Face value₹2

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

	FY20	FY21	FY22	FY23	FY24	FY26
Revenue	2,813	2,368	2,976	4,300	4,651	6,185
EBITDA	250	217	295	461	514	721
Operating margin	8.9%	9.2%	9.9%	10.7%	11.1%	11.7%
Interest	50	36	31	41	56	122
Depreciation	118	94	112	138	166	230
Profit before tax	-167	121	208	298	308	383
Tax	45	31	24	4	83	106
Net profit	-200	0	0	284	227	360
EPS ₹	-8.98	2.33	8.16	12.09	9.65	15.31
Operating cash flow	—	—	167	598	287	676
Capex	—	—	109	251	252	394
Dividend paid	—	—	15	26	30	35
Total assets	2,328	2,330	—	3,224	3,439	5,495
Equity	975	1,147	—	1,591	1,981	2,644

Quarterly performance

last 33 quarters · ₹ crore

showing latest 8 of 33 periods

	MAR '17	MAR '18	SEP '18	DEC '18	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	552	721	773	769	708	735	671	698	178	656	740	794	559	731	738	948	1,010	1,147	1,068	1,075	1,075	1,196	1,166	1,215	1,192	1,290	1,253	1,386	1,535	1,560	1,704	1,846	2,189
Operating profit	38	82	82	55	67	68	76	39	-20	67	82	89	31	77	79	108	107	124	114	117	115	131	130	139	132	147	144	156	178	184	203	212	257
Operating margin	7.0%	11.4%	10.6%	7.1%	9.5%	9.3%	11.3%	5.5%	-11.4%	10.1%	11.1%	11.2%	5.5%	10.6%	10.7%	11.4%	10.6%	10.8%	10.7%	10.9%	10.7%	11.0%	11.1%	11.4%	11.1%	11.4%	11.5%	11.3%	11.6%	11.8%	11.9%	11.5%	11.8%
Other income	10	9	11	13	8	9	15	12	9	7	10	7	8	8	4	5	4	4	5	2	2	2	2	10	8	12	9	3	3	3	6	2	3
Interest	7	11	12	13	15	10	11	14	8	11	10	8	7	8	8	7	8	10	11	12	14	15	14	12	10	11	12	33	31	29	30	31	35
Depreciation	14	20	22	21	30	28	30	30	20	25	24	24	25	27	27	33	32	34	34	39	39	41	42	44	46	51	50	56	57	58	59	69	68
Profit before tax	27	60	59	51	30	39	50	-286	-39	38	58	64	6	50	80	72	71	85	74	69	63	77	76	92	84	96	90	71	93	97	123	237	157
Tax	2	17	21	15	12	5	13	15	-9	11	14	16	1	14	13	-4	18	22	19	-55	17	19	25	23	22	25	26	19	25	32	31	49	40
Net profit	16	39	45	0	21	37	0	-300	-35	26	49	0	0	0	70	0	0	58	52	122	45	59	52	71	64	74	65	65	85	86	125	206	143
EPS ₹	0.78	1.85	2.01	2.08	0.95	1.67	1.87	-13.47	-1.59	1.16	2.20	0.55	0.30	1.66	1.58	3.23	2.23	2.46	2.22	5.19	1.92	2.50	2.23	3.01	2.73	3.16	2.75	2.78	3.60	3.64	5.29	8.75	6.08
Revenue YoY	—	30.6%	—	—	—	-4.9%	-12.7%	—	-74.9%	-10.8%	10.2%	13.8%	213.9%	11.5%	-0.2%	19.4%	80.8%	56.9%	44.7%	13.4%	6.4%	4.3%	9.1%	13.1%	11.0%	7.9%	7.4%	16.2%	19.0%	24.6%	—	33.2%	42.6%
Profit YoY	—	136.9%	—	—	—	-16.6%	—	—	-267.0%	-30.5%	—	—	—	-100.0%	41.2%	—	—	—	-25.2%	—	—	1.7%	0.4%	-42.0%	42.0%	26.5%	23.5%	1.7%	13.9%	32.3%	—	215.5%	69.1%

Earlier results (standalone, Dec '14 – Dec '16)

₹ crore · from BSE, before the NSE XBRL filings begin

Minda Corporation Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

	FY16†
Revenue	705
Operating profit	83
Operating margin	11.8%
Other income	4
Interest	4
Depreciation	18
Profit before tax	65
Tax	19
Net profit	46

Quarters

showing latest 8 of 9 periods

	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†
Revenue	166	155	160	183	179	182	181	199	192
Operating profit	17	17	18	26	20	19	18	20	23
Operating margin	10.2%	10.7%	11.2%	14.2%	11.3%	10.5%	9.8%	10.2%	12.1%
Other income	1	2	2	1	1	1	1	8	5
Interest	2	2	1	1	1	1	1	2	2
Depreciation	4	4	5	5	5	5	5	5	5
Profit before tax	12	12	14	21	15	15	13	21	22
Tax	4	2	4	6	4	4	3	5	4
Net profit	8	10	9	15	11	11	10	16	18
EPS ₹	0.38	0.46	0.45	0.73	0.54	0.51	0.50	0.78	0.84
Revenue YoY	—	—	—	—	7.9%	17.5%	12.6%	8.7%	6.9%
Profit YoY	—	—	—	—	39.3%	9.2%	11.0%	6.7%	57.3%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 23 periods

	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '26	JUN '26	SEP '26
ROE	-24.8%	-30.6%	-31.7%	-26.7%	3.5%	6.6%	4.3%	6.1%	6.1%	6.1%	8.9%	7.7%	14.6%	17.4%	14.8%	14.8%	11.5%	12.4%	12.5%	13.0%	13.6%	19.0%	18.8%
ROCE	-8.3%	-13.8%	-13.8%	-13.4%	10.1%	13.0%	13.6%	15.0%	15.5%	19.7%	18.4%	18.2%	15.8%	15.7%	13.5%	13.8%	15.6%	16.4%	16.3%	16.8%	13.1%	17.4%	16.8%
Net margin	-8.6%	-13.1%	-14.0%	-11.4%	1.7%	2.7%	1.8%	2.5%	2.3%	2.0%	3.3%	2.6%	5.4%	6.4%	6.3%	6.2%	4.9%	5.2%	5.4%	5.5%	5.8%	7.5%	7.7%
EBITDA margin	8.9%	7.1%	7.3%	7.3%	9.2%	9.8%	9.9%	9.8%	9.9%	10.8%	10.8%	10.8%	10.7%	10.8%	10.8%	10.9%	11.1%	11.1%	11.2%	11.3%	11.7%	11.7%	11.7%
Debt / equity	0.44	0.44	0.44	0.44	0.35	0.35	0.35	0.35	0.35	0.35	0.30	0.30	0.35	0.35	0.32	0.32	0.18	0.18	0.16	0.16	0.46	0.46	0.48
Interest coverage	-2.34	-4.56	-4.47	-4.48	4.37	5.67	6.54	7.47	7.74	9.63	10.08	9.30	8.33	7.23	6.46	6.16	6.52	7.40	8.31	9.03	4.15	5.56	5.95
Asset turnover	1.21	0.98	0.95	0.98	1.02	1.18	1.21	1.21	1.28	1.47	1.32	1.43	1.33	1.35	1.22	1.25	1.35	1.39	1.32	1.34	1.13	1.21	1.08

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 13 periods

	MAR '17‡	MAR '18‡	MAR '19‡	MAR '20‡	MAR '21‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	SEP '25	MAR '26	SEP '26
Share capital	42	42	45	45	48	48	48	48	48	48	48	48	48
Other equity / reserves	580	699	1,150	930	1,099	1,381	1,543	1,829	1,933	2,054	2,392	2,596	2,928
Total equity	622	741	1,195	975	1,147	1,429	1,591	1,877	1,981	2,102	2,440	2,644	2,976
Borrowings	469	590	533	427	400	425	553	597	348	334	1,284	1,212	1,432
Current liabilities	714	1,002	1,071	1,168	—	1,221	1,269	1,341	1,102	1,244	2,016	2,145	2,906
Non-current liabilities	219	316	186	186	—	267	365	387	356	335	726	692	697
Total assets	1,555	2,059	2,452	2,328	2,330	2,917	3,224	3,606	3,439	3,682	5,181	5,495	6,732
Property, plant & equipment	419	588	612	529	574	778	864	929	1,050	1,103	1,361	1,446	1,655
Capital work-in-progress	73	16	21	28	18	74	85	93	58	71	90	129	180
Investments	126	139	165	176	180	59	451	683	348	391	1,508	1,558	1,557
Inventories	306	448	446	395	396	552	573	557	527	544	649	710	1,001
Receivables	374	570	546	390	442	700	641	806	804	889	954	995	1,341
Cash & equivalents	28	19	30	95	53	70	108	91	152	130	88	103	96

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 9 periods

	FY17‡	FY18‡	FY19‡	FY20‡	FY21‡	FY22	FY23	FY24	FY26
Cash from operations	48	70	209	450	86	167	598	287	676
Cash from investing	-170	-200	-402	-137	-174	-7	-640	117	-383
Cash from financing	67	122	203	-249	65	-143	75	-359	-267
Capex	158	196	120	148	135	109	251	252	394
Free cash flow	-110	-126	89	302	-50	58	348	35	281
Dividends paid	—	—	—	—	—	15	26	30	35

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹1,655 cr25%

CWIP

₹180 cr3%

Investments

₹1,557 cr23%

Inventories

₹1,001 cr15%

Receivables

₹1,341 cr20%

Cash & equivalents

₹96 cr1%

Other assets

₹902 cr13%

Peer comparison

largest in Automobile and Auto Components · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Maruti Suzuki India Ltd.	4,00,860	12,750.00	29.8	3.68	12.3%
Mahindra & Mahindra Ltd.	3,67,588	3,287.20	19.0	3.75	19.8%
Bajaj Auto Ltd.	2,99,543	10,900.00	22.9	8.18	35.7%
TVS Motor Company Ltd.	2,13,401	4,491.70	55.8	18.81	33.7%
Eicher Motors Ltd.	2,10,528	7,669.50	36.5	8.39	23.0%
Hyundai Motor India Ltd.	1,73,071	2,130.00	51.8	8.49	16.4%
Samvardhana Motherson International Ltd.	1,67,340	158.55	35.4	3.69	10.4%
Bosch Ltd.	1,49,565	50,700.00	56.5	19.51	34.6%
Hero MotoCorp Ltd.	1,10,343	5,513.00	18.4	4.71	25.6%
Tata Motors Passenger Vehicles Ltd.	1,07,602	292.00	1.4	0.96	70.7%
Minda Corporation Ltd.	17,039	712.65	30.5	5.73	18.8%

StoxGud checklist: Bullish setup · 9/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+11.4%

6 months+32.8%

1 year+23.9%

3Y CAGR+28.3%

5Y CAGR+32.1%

10Y CAGR+20.9%

50-day avg₹669.12

200-day avg₹617.01

RSI (14)65

Compare Minda Corporation Ltd. with

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FAQs

What is the share price of Minda Corporation Ltd.?

Minda Corporation Ltd. (MINDACORP) closed at ₹712.65 on NSE on 06 Nov 2026.

What is the market cap of Minda Corporation Ltd.?

₹17,039 crore at the latest close.

What is the P/E ratio of Minda Corporation Ltd.?

30.5, on trailing-twelve-month earnings from its filings.

How fast is Minda Corporation Ltd. growing?

Minda Corporation Ltd.: revenue has compounded at 27.6% a year over three years. Latest-quarter revenue is up 42.6% year on year, profit up 69.1%.

How profitable is Minda Corporation Ltd.?

On a trailing-twelve-month basis return on equity is 18.8%, return on capital employed 16.8%, operating margin 11.7%, net margin 7.7%.

How much debt does Minda Corporation Ltd. have?

Minda Corporation Ltd. is lightly geared: debt to equity is 0.48 with borrowings of ₹1,432 cr against cash of ₹96 cr (balance sheet of 2026-09-30). Operating profit covers interest 5.9 times.

Financials parsed from Minda Corporation Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '17, annual from FY20, balance sheet from Mar '17. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.