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Minda Corporation Ltd.

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sparkminda.comBSE: 538962NSE: MINDACORP
Market Cap₹ 16,865 Cr.
Current Price
High / Low₹ 769 / 468
Stock P/E33.7
Book Value₹ 114
Price to Book4.77
Dividend Yield0.20 %
ROCE13.7 %
ROE11.7 %
Face Value₹ 2

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ABOUT

AI Sector View

AI GENERATED

Automobile and Auto Components

Buy

Domestic auto demand remains strong across categories, with total vehicles registered up 27% YoY (2026-07), passenger vehicle sales up 14% YoY (2026-06), 2-wheelers up 23% YoY (2026-06), and tractor sales up 18% YoY (2026-07). Core demand is reinforced by vehicle sales of 395199 units (Jul/26) and car registrations of 457810 units (Jul/26), outweighing FPI outflows of INR -11826 crore over 3 months to 2026-08-31. The stance stays positive because fundamentals are stronger than positioning.

Confidence
74%
View full sector analysis →

PROS

  • Company has delivered good profit growth of 25.3% CAGR over last 5 years
  • Company has consistently been profitable over the last 5 years
  • Latest quarter profit grew 215.8% YoY, showing strong momentum
  • Company has delivered good sales growth of 21.2% CAGR over last 5 years
  • Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.03x)

CONS

  • Growth is decelerating - 3Y profit CAGR (-2.0%) trails the 5Y trend (25.3%)
  • Though reporting repeated profits, the company pays out little dividend (9.3%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Automobile and Auto ComponentsAutomobile & AncillariesAuto Ancillary
Part ofNIFTY TOTAL MKTNIFTY 500NIFTY SMLCAP 250
S.No.Name
1.MOTHERSON164.3039.59173409.490.371075.6677.4835243.7717.7013.638.86
2.BOSCHLTD48388.7560.40142727.940.56706.10-36.745841.9022.0025.6014.08
3.UNOMINDA1202.4057.7569434.660.22315.512.105556.8523.7920.7411.14
4.TIINDIA2607.2583.2150469.140.13293.96-3.046215.3320.2027.338.81
5.SONACOMS788.9570.7649240.610.43178.5146.671301.2052.3814.7522.55
6.ENDURANCE2696.7539.1137933.250.43244.528.034314.8930.0118.3312.42
7.CRAFTSMAN11663.7565.6130505.880.10150.55116.312431.5836.3014.6515.81
8.ZFCVINDIA2548.9058.1029007.880.031044.78753.7510661.76992.8920.2312.93
9.SANSERA4130.2073.9725773.920.1087.3638.711021.2633.2714.2919.18
10.MSUMI36.3038.3724072.931.601453.20915.5134072.601273.4343.727.58
11.GABRIEL1345.4580.1123845.410.371081.26925.3514256.831055.0026.3711.71
12.MINDACORP705.4033.6616864.660.20206.25215.801846.3133.2213.6912.43
Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
1,0751,1961,1661,2151,1921,2901,2531,3211,3861,5351,5601,7041,846
9601,0651,0361,0761,0611,1431,1091,1681,2301,3571,3771,5001,735
Operating Profit115131130139132147144153156178184203111
OPM %10.67%10.98%11.14%11.40%11.05%11.36%11.46%11.57%11.28%11.59%11.76%11.94%6.03%
222108129333-18-122
Interest14151412101112343331293031
Depreciation39414244465150575657585969
Profit before Tax6377769284969065719397123255
Tax %26.56%24.31%32.99%24.55%26.17%26.23%28.80%35.70%26.24%27.24%32.73%25.03%19.07%
Net Profit000064746552658584124206
1.922.502.233.012.733.162.752.212.783.603.645.298.75

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
2,0602,5943,0922,2232,3682,9764,3004,6515,0566,1856,646
1,8682,3182,7981,9752,1482,6803,8374,1364,4805,4635,970
Operating Profit192276294248220296463516576722676
OPM %9.32%10.63%9.51%11.15%9.29%9.93%10.77%11.09%11.40%11.68%10.17%
40165343335716163214-112
Interest304051413932425769123121
Depreciation5874888794112138166204230242
Profit before Tax131191236175121208298308336384568
Tax %22.00%25.44%28.34%22.51%25.83%11.51%1.37%26.98%28.72%27.72%24.02%
Net Profit10214316913690184294225239277431
EPS4.826.817.52-8.982.258.0111.899.5110.6915.08—
Dividend Payout %10.19%8.75%9.37%-3.98%29.42%12.45%10.08%14.73%13.10%9.29%—

COMPOUNDED SALES GROWTH

10 Years:
10%
5 Years:
21%
3 Years:
13%

COMPOUNDED PROFIT GROWTH

10 Years:
13%
5 Years:
47%
3 Years:
8%

STOCK PRICE CAGR

10 Years:
20%
5 Years:
42%
3 Years:
28%
1 Year:
39%

RETURN ON EQUITY

10 Years:
15%
5 Years:
14%
3 Years:
12%
Last Year:
12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Corporate actions

2026

Aug 14

₹ 0.40

Rs.0.8000 per share(40%)Final Dividend

2026

Feb 13

₹ 0.30

Rs.0.6000 per share(30%)Interim Dividend

2025

Aug 14

₹ 0.45

Rs.0.9000 per share(45%)Final Dividend

2025

Feb 12

₹ 0.25

Rs.0.5000 per share(25%)Interim Dividend

2024

Aug 7

₹ 0.45

Rs.0.9000 per share(45%)Final Dividend

2024

Feb 14

₹ 0.25

Rs.0.5000 per share(25%)Interim Dividend

2023

Jul 21

₹ 0.40

Rs.0.8000 per share(40%)Final Dividend

2023

Feb 17

₹ 0.20

Rs.0.4000 per share(20%)Interim Dividend

2022

Jul 21

₹ 0.35

Rs.0.7000 per share(35%)Final Dividend

2022

Feb 15

₹ 0.15

Rs.0.3000 per share(15%)Interim Dividend

2021

Jul 1

₹ 0.17

Rs.0.3500 per share(17.5%)Final Dividend

2021

Feb 15

₹ 0.15

Rs.0.3000 per share(15%)Interim Dividend

2020

Feb 17

Rs.0.3500 per share(17.5%)Interim Dividend

2018

Jul 19

Rs.0.3500 per share(17.5%)Final Dividend

2018

Feb 22

Rs.0.2500 per share(12.5%)Interim Dividend

2017

Aug 10

₹ 0.15

Rs.0.3000 per share(15%)Final Dividend

2017

Mar 1

₹ 0.10

07/03/2017 Equity Rs.0.2000 per share(10%)Interim Dividend

2016

Sep 14

₹ 0.15

Rs.0.3000 per share(15%)Final Dividend

2016

Feb 23

₹ 0.10

Rs.0.2000 per share(10%)Interim Dividend

2015

Sep 2

₹ 0.10

Rs.0.2000 per share(10%)Final Dividend

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital42424545484848484848
Minority Interest00000000015
5806971,1469281,0961,2801,5381,9312,1532,489
4777056745724744926924431,4681,293
Trade Payables2644414105095065687266648291,144
185167167272203180199342376496
Total Liabilities1,5482,0512,4422,3272,3282,5673,2023,4274,8745,485
5307117325706138871,0261,2071,5071,602
Capital Work in Progress731621281832855865129
126139165176180644513481,4761,558
306448446395396479573527581710
0000000804828995
Cash & Bank332635347249933316219297147
479710725685622771904291321344
Total Assets1,5482,0512,4422,3272,3282,5673,2023,4274,8745,485

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
80115270502107216422287544676
Cash from Investing-170-200-402-137-174-7-428117-1,409-383
Cash from Financing67122203-24965-16174-358788-267
-54-81164-24-13445-7625

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026

Shareholding Pattern

Numbers in percentages

Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
64.8464.8464.8464.8464.8464.8464.8464.8464.84
6.067.617.978.328.828.719.088.799.29
20.6318.8718.4218.4818.1718.5218.4318.8217.87
Government0.000.000.000.000.000.000.000.000.00
8.468.678.758.348.157.927.647.537.99

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-31
General Updates

2026-08-31 - Minda Corporation Limited has informed the Exchange about participation in Elara Conference, themed ASHWAMEDH - ELARA INDIA DIALOGUE 2026 on 3rd September, 2026 in Mumbai.

2026-08-21
Shareholders meeting

2026-08-21 - Minda Corporation Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on July 27, 2023. Further, the company has informed the Exchange regarding voting results.

2026-08-21
Resignation of Director/KMP/SMP

2026-08-21 - Minda Corporation Limited has informed the Exchange about Resignation of Director/KMP/SMP

2026-08-21
Resignation

2026-08-21 - Minda Corporation Limited has informed the Exchange regarding Resignation of Mr. Pardeep Mann as Company Secretary & Compliance Officer of the company w.e.f. August 21, 2026.

2026-08-21
Shareholders meeting

2026-08-21 - Minda Corporation Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on July 27, 2023

2026-08-19
Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-19 - Minda Corporation Limited has informed the Exchange about Transcript

2026-08-18
Updates

2026-08-18 - Minda Corporation Limited has informed the Exchange regarding 'Press Release dated 18th August 2026 wrt Minda Instruments Limited a wholly owned subsidiary of the Company'.

2026-08-14
Copy of Newspaper Publication

2026-08-14 - Minda Corporation Limited has informed the Exchange about Copy of Newspaper Publication of Quarterly result ended on June 30, 2026

2026-08-13
Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-13 - Minda Corporation Limited has informed the Exchange about Link of Recording

News

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