Avsar.

Consumer Discretionary · Auto Components & Equipments

Minda Corporation Ltd (MINDACORP)

₹676.45

Mkt cap
₹16,173 Cr
P/E ratio
44.80
P/B
6.09
Div yield
0.21%
ROE
14.90%
ROCE
12.80%
EPS (TTM)
₹15.10
Book value
₹111
52W range
459–710
Sector
Consumer Discretionary

Minda Corporation Ltd is one of the leading automotive component manufacturing companies in India with a pan-India presence and international footprint. It is the flagship company of Spark Minda, which was part of the erstwhile Minda Group. [1] The company was formed after a split between the businesses of the Minda brothers in 2012. Presently, NK Minda owns and operates Minda Industries Ltd and Ashok Minda is the owner of Minda Corporation Ltd. [2] Both the companies are listed on the exchanges.

NSE MINDACORPBSE 538962www.minda.co.in
Health check
Mixed
ValuationExpensive
ProfitabilityAverage
GrowthModerate
TechnicalsBullish
52-week range
−4.66% from high
₹676
₹459+47.44% from low₹710
Current
₹676.45
Prev close
₹678.10
Day
−0.24%
Price performance
1D
−0.24%
1W
+0.03%
1M
+0.89%
3M
+28.21%
6M
+26.17%
1Y
+26.09%
YTD
+12.27%

Financials

F
Revenue, profit & margin
P/E ratio
44.8×
MINDACORP is 45% above the sector median of 30.9×
MINDACORP44.8×
Sector median30.9×
 Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Trend
Sales1,0751,0751,1961,1661,2151,1921,2901,2531,3211,3861,5351,5601,704
Expenses9589601,0651,0361,0761,0611,1431,1091,1681,2301,3571,3771,500
Operating Profit117115131130139132147144153156178184203
OPM %11%11%11%11%11%11%11%11%12%11%12%12%12%
Other Income2222108129333-18
Interest12141514121011123433312930
Depreciation39394142444651505756575859
Profit before tax696377769284969065719397123
Tax %-80%27%24%33%25%26%26%29%36%26%27%33%25%
Net Profit1224559527164746552658584124
EPS in Rs5.101.892.462.202.962.693.112.712.182.733.543.585.21
Raw PDF

Earnings

EResults dates & reactions
No upcoming results date on calendar.

Fresh quarters land in the Financials table above, tagged NSE until screener catches up.

Avg earnings-day move −0.24% · closed higher next day 18 of last 47
 Q1FY24Q2FY24Q3FY24Q4FY24Q1FY25Q2FY25Q3FY25Q4FY25Q1FY26Q2FY26Q3FY26†Q4FY26
Broadcast3 Aug '232 Nov '231 Feb '24◦22 May '24◦8 Aug '24◦12 Nov '24◦6 Feb '25◦27 May '25◦12 Aug '25◦6 Nov '255 Feb '26◦22 May '26
Earnings day+0.58%−0.53%−0.15%−2.70%−1.84%−3.62%−0.44%−1.90%+4.14%−3.05%−1.86%+7.04%
+1 day+2.45%+0.74%+0.88%−1.90%+0.25%−0.03%−3.67%−3.13%+5.05%−2.06%−1.05%+9.03%
+5 days+1.45%+3.08%−1.42%−1.50%−0.07%−2.41%−10.41%−6.10%+6.09%+2.36%+0.45%+15.26%
+15 days+5.83%+0.35%+6.85%+5.56%+7.40%+6.52%−15.50%−2.21%+6.93%−0.79%−6.68%+23.41%
+30 days+17.51%+13.44%−6.20%+15.51%+13.03%−1.28%−6.80%−6.08%+21.21%−1.65%−17.55%+27.83%
FilingXBRLXBRLXBRLXBRLXBRLXBRLXBRLPDFXBRLXBRLXBRLXBRL

Corporate actions

CLast 6 months
KindValueEx-dateRecord
dividend
Interim Dividend - Re 0.60 Per Share
—13 Feb '2613 Feb '26

Shareholding

Sas of Jun 2026
64.84%Promoter
Promoters64.84%
FIIs9.30%0.50
DIIs17.87%0.95
Public6.43%0.46
Ownership trend

Peers

P8 companies
Valuation vs quality
P/E × ROCE · bubble = market cap
NameCMPP/EMkt CapDiv YldNP QtrQtr Profit VarSales QtrQtr Sales VarROCE
Samvardh. Mothe.₹145.5536.031,53,6200.41%1,562+55.33%34,309+17.03%13.43%
Bosch₹41,755.0059.001,23,1610.65%570+2.98%5,566+13.34%21.54%
Bharat Forge₹2,151.6091.141,02,8660.40%233+2.05%4,528+17.53%12.61%
Uno Minda₹1,127.0053.6365,0810.24%352+22.39%5,336+17.85%19.65%
Schaeffler India₹4,107.7049.7364,2050.85%337+13.67%2,681+17.50%27.90%
Tube Investments₹2,767.0081.0453,5600.13%234+81.73%6,215+20.68%17.14%
Sona BLW Precis.₹717.9557.5044,7070.47%220+73.37%1,157+50.82%15.11%
Minda Corp₹676.4544.7716,1730.21%124+135.63%1,704+28.95%12.76%
Median: 124 Co.₹497.3830.901,5310.35%15+26.43%269+19.56%15.47%

Filings

D
Annual reports15
Financial Year 2025bseFinancial Year 2024bseFinancial Year 2023bseFinancial Year 2022bseFinancial Year 2021bseFinancial Year 2020bseFinancial Year 2019bseFinancial Year 2018bseFinancial Year 2017bseFinancial Year 2016bseFinancial Year 2015bseFinancial Year 2014bseFinancial Year 2013bseFinancial Year 2012bseFinancial Year 2011bse
Concall transcripts99
TranscriptMay 2026PPTMay 2026TranscriptFeb 2026PPTFeb 2026RECFeb 2026TranscriptNov 2025PPTNov 2025PPTSep 2025TranscriptAug 2025PPTAug 2025TranscriptMay 2025PPTMay 2025TranscriptFeb 2025PPTFeb 2025RECFeb 2025PPTJan 2025TranscriptNov 2024PPTNov 2024TranscriptAug 2024PPTAug 2024TranscriptMay 2024PPTMay 2024RECMay 2024TranscriptFeb 2024
Credit ratings6
Rating update 9 JuncrisilRating update 24 AprcrisilRating update 8 Aug 2025fitchRating update 23 Apr 2025fitchRating update 24 Jan 2025crisilRating update 24 Dec 2024fitch
Announcements5
Announcement under Regulation 30 (LODR)-Updates on Acquisition 20 Jul - Minda Corporation invested Rs 25 crore in wholly owned subsidiary Spark Minda Green Mobility Systems on July 19, 2026.Minda Corporation Limited Has informed Regarding Issuance Of Commercial Papers Of Rs. 100 Crores On July 15, 2026. 15 Jul - Minda Corporation allotted and listed ₹100 crore commercial paper, redeemable on 22 September 2026.Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 6 Jul - Submitted Regulation 74(5) certificate for quarter ended June 30, 2026.Closure of Trading Window 26 JunMinda Corporation Limited Has informed Regarding Confirmation Of Redemption/ Payment Of Interest And Principal Of Commercial Papers Of INR 200 Crores. 22 Jun - Rs. 200 crore commercial paper issued May 6, 2026 redeemed on June 22, 2026.