Minda Corporation Ltd

Minda Corp Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Minda Corporation Ltd

₹ 579 1.02%
07 Nov - close price
minda.co.in BSE: 538962 NSE: MINDACORP
About

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.

Key Points

Market Position
The company commands a market share of ~40% in 2W lock sets, and wiring harness for 2W, 3W, tractors, and CVs. [1]

Website BSE NSE
  • Market Cap ₹ 13,851 Cr.
  • Current Price ₹ 579
  • High / Low ₹ 644 / 445
  • Stock P/E 76.8
  • Book Value ₹ 87.2
  • Dividend Yield 0.24 %
  • ROCE 11.8 %
  • ROE 11.2 %
  • Face Value ₹ 2.00
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Pros

Cons

  • Stock is trading at 6.64 times its book value

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Consumer Discretionary Automobile and Auto Components Auto Components Auto Components & Equipments

Part of BSE 500 Nifty 500 BSE SmallCap BSE Allcap BSE Consumer Discretionary

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
908 869 885 880 990 969 1,005 967 1,058 1,037 1,083 1,135 1,249
815 779 795 789 879 856 883 859 934 914 961 1,011 1,111
Operating Profit 94 90 89 91 111 113 122 108 124 123 122 124 137
OPM % 10% 10% 10% 10% 11% 12% 12% 11% 12% 12% 11% 11% 11%
6 3 4 2 2 2 9 9 13 10 6 10 4
Interest 9 10 12 14 15 14 12 10 11 12 34 33 31
Depreciation 27 27 31 32 34 34 36 38 42 42 48 47 48
Profit before tax 64 56 51 47 64 67 83 70 83 79 46 54 63
Tax % 24% 27% -119% 26% 26% 34% 25% 26% 25% 27% 26% 23% 25%
48 41 111 35 48 44 62 52 63 58 34 42 47
EPS in Rs 2.03 1.71 4.63 1.46 2.00 1.85 2.57 2.16 2.62 2.42 1.41 1.75 1.97
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
617 649 704 772 1,955 2,371 2,130 2,289 2,735 3,492 3,844 4,144 4,503
556 577 618 693 1,748 2,090 1,888 2,077 2,468 3,133 3,406 3,666 3,997
Operating Profit 61 72 86 79 207 281 243 212 267 359 439 478 506
OPM % 10% 11% 12% 10% 11% 12% 11% 9% 10% 10% 11% 12% 11%
4 3 2 16 14 44 -320 30 45 16 13 38 30
Interest 12 8 4 9 25 36 41 39 31 40 56 68 110
Depreciation 22 17 18 20 49 62 82 90 103 110 136 171 185
Profit before tax 31 49 65 67 148 228 -201 114 178 225 260 277 242
Tax % 30% 29% 29% 18% 31% 30% 20% 26% 10% -7% 28% 26%
22 35 46 55 103 161 -241 84 160 241 188 206 180
EPS in Rs 1.04 1.67 2.22 2.61 4.90 7.07 -10.61 3.50 6.70 10.06 7.88 8.61 7.55
Dividend Payout % 19% 24% 18% 19% 12% 10% -3% 19% 15% 12% 18% 16%
Compounded Sales Growth
10 Years: 20%
5 Years: 14%
3 Years: 15%
TTM: 13%
Compounded Profit Growth
10 Years: 19%
5 Years: 3%
3 Years: 8%
TTM: -18%
Stock Price CAGR
10 Years: 22%
5 Years: 53%
3 Years: 41%
1 Year: 11%
Return on Equity
10 Years: 15%
5 Years: 14%
3 Years: 14%
Last Year: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 20 42 42 42 42 45 45 48 48 48 48 48 48
Reserves 267 271 305 372 642 1,087 816 974 1,120 1,332 1,686 1,858 2,036
111 78 85 160 417 399 393 532 492 729 538 1,625 1,563
130 101 130 148 399 451 612 646 579 736 735 845 908
Total Liabilities 529 492 561 722 1,500 1,982 1,866 2,201 2,239 2,844 3,006 4,376 4,555
139 124 129 160 414 445 532 575 646 786 949 1,210 1,243
CWIP 4 4 7 21 11 15 28 18 18 71 31 68 69
Investments 176 185 200 293 310 352 150 150 327 704 598 1,725 1,736
210 178 224 249 764 1,170 1,157 1,458 1,248 1,283 1,428 1,373 1,507
Total Assets 529 492 561 722 1,500 1,982 1,866 2,201 2,239 2,844 3,006 4,376 4,555

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
117 50 88 34 43 191 296 85 140 375 242 468
-95 5 -44 -150 -128 -432 -149 -259 27 -452 144 -1,368
-25 -51 -8 73 84 238 -134 172 -160 108 -354 822
Net Cash Flow -3 5 37 -43 -0 -3 12 -1 7 31 31 -78

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 72 59 58 68 79 69 56 68 60 50 58 55
Inventory Days 38 31 33 33 58 63 91 94 83 75 64 65
Days Payable 74 56 69 69 89 84 120 119 93 93 79 94
Cash Conversion Cycle 35 35 23 32 48 48 28 44 50 32 44 26
Working Capital Days -12 11 8 -5 8 12 -17 -12 15 -0 24 -52
ROCE % 12% 15% 18% 15% 21% 20% 15% 11% 13% 15% 14% 12%

Shareholding Pattern

Numbers in percentages

8 Recently
Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
64.72% 64.72% 64.72% 64.84% 64.84% 64.84% 64.84% 64.84% 64.84% 64.84% 64.84% 64.84%
3.61% 5.06% 5.74% 5.53% 3.73% 5.07% 6.07% 7.62% 7.98% 8.33% 8.83% 8.72%
13.84% 11.83% 11.88% 13.20% 16.81% 20.60% 20.63% 18.87% 18.42% 18.48% 18.17% 18.52%
16.14% 16.68% 15.99% 14.78% 12.99% 7.90% 6.86% 7.07% 7.16% 6.77% 6.58% 6.35%
1.68% 1.68% 1.65% 1.65% 1.62% 1.59% 1.59% 1.59% 1.59% 1.57% 1.57% 1.56%
No. of Shareholders 98,93490,24292,32096,38798,2381,00,68989,45993,90696,70192,13893,52696,349

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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