Minda Corporation Ltd

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

Minda Corporation Ltd

₹ 595 1.64%
26 May - 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

Business Segments
1. Electrical Distribution Systems (Wiring Harness & Connectors)[1][2]
This segment focuses on low- and high-voltage wiring harnesses, smart junction boxes, and EV high-voltage connection systems. It's key products include EV HV wiring harnesses (with a strategic order from a leading PV OEM), connectors, busbars, CCS wires, and EV PDUs/BDUs, supported by localization via a SANCO China tie-up.

Website BSE NSE
  • Market Cap ₹ 14,224 Cr.
  • Current Price ₹ 595
  • High / Low ₹ 644 / 445
  • Stock P/E 58.8
  • Book Value ₹ 93.0
  • Dividend Yield 0.24 %
  • ROCE 12.1 %
  • ROE 11.7 %
  • Face Value ₹ 2.00
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Pros

Cons

  • Stock is trading at 6.40 times its book value
  • Company has a low return on equity of 11.7% over last 3 years.
  • Dividend payout has been low at 14.0% of profits over last 3 years

* 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 Consumer Discretionary BSE 250 SmallCap Index BSE 400 MidSmallCap Index

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
885 880 990 969 1,005 967 1,058 1,037 1,083 1,135 1,249 1,263 1,370
795 789 879 856 883 859 934 914 961 1,011 1,111 1,116 1,200
Operating Profit 89 91 111 113 122 108 124 123 122 124 137 148 170
OPM % 10% 10% 11% 12% 12% 11% 12% 12% 11% 11% 11% 12% 12%
4 2 2 2 9 9 13 10 6 10 4 26 8
Interest 12 14 15 14 12 10 11 12 34 33 31 29 30
Depreciation 31 32 34 34 36 38 42 42 48 47 48 48 49
Profit before tax 51 47 64 67 83 70 83 79 46 54 63 97 100
Tax % -119% 26% 26% 34% 25% 26% 25% 27% 26% 23% 25% 19% 26%
111 35 48 44 62 52 63 58 34 42 47 79 73
EPS in Rs 4.63 1.46 2.00 1.85 2.57 2.16 2.62 2.42 1.41 1.75 1.97 3.32 3.07
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
649 704 772 1,955 2,371 2,130 2,289 2,735 3,492 3,844 4,144 5,017
577 618 693 1,748 2,090 1,888 2,077 2,468 3,133 3,406 3,666 4,438
Operating Profit 72 86 79 207 281 243 212 267 359 439 478 579
OPM % 11% 12% 10% 11% 12% 11% 9% 10% 10% 11% 12% 12%
3 2 16 14 44 -320 30 45 16 13 38 49
Interest 8 4 9 25 36 41 39 31 40 56 68 122
Depreciation 17 18 20 49 62 82 90 103 110 136 171 191
Profit before tax 49 65 67 148 228 -201 114 178 225 260 277 314
Tax % 29% 29% 18% 31% 30% 20% 26% 10% -7% 28% 26% 23%
35 46 55 103 161 -241 84 160 241 188 206 242
EPS in Rs 1.67 2.22 2.61 4.90 7.07 -10.61 3.50 6.70 10.06 7.88 8.61 10.10
Dividend Payout % 24% 18% 19% 12% 10% -3% 19% 15% 12% 18% 16% 8%
Compounded Sales Growth
10 Years: 22%
5 Years: 17%
3 Years: 13%
TTM: 21%
Compounded Profit Growth
10 Years: 17%
5 Years: 24%
3 Years: -3%
TTM: 19%
Stock Price CAGR
10 Years: 18%
5 Years: 39%
3 Years: 28%
1 Year: 8%
Return on Equity
10 Years: 14%
5 Years: 14%
3 Years: 12%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 42 42 42 42 45 45 48 48 48 48 48 48
Reserves 271 305 372 642 1,087 816 974 1,120 1,332 1,686 1,858 2,176
78 85 160 417 399 393 532 492 729 538 1,625 1,484
101 130 148 399 451 612 646 579 736 735 845 991
Total Liabilities 492 561 722 1,500 1,982 1,866 2,201 2,239 2,844 3,006 4,376 4,700
124 129 160 414 445 532 575 646 786 949 1,210 1,303
CWIP 4 7 21 11 15 28 18 18 71 31 68 84
Investments 185 200 293 310 352 150 150 327 704 598 1,725 1,762
178 224 249 764 1,170 1,157 1,458 1,248 1,283 1,428 1,373 1,551
Total Assets 492 561 722 1,500 1,982 1,866 2,201 2,239 2,844 3,006 4,376 4,700

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
50 88 34 43 191 296 85 140 375 242 468 0
5 -44 -150 -128 -432 -149 -259 27 -452 144 -1,368 0
-51 -8 73 84 238 -134 172 -160 108 -354 822 0
Net Cash Flow 5 37 -43 -0 -3 12 -1 7 31 31 -78 0
Free Cash Flow 44 59 -36 -89 94 173 -38 43 146 42 166 0
CFO/OP 86% 122% 55% 40% 89% 142% 49% 68% 107% 74% 113% 0%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 59 58 68 79 69 56 68 60 50 58 55 52
Inventory Days 31 33 33 58 63 91 94 83 75 64 65 61
Days Payable 56 69 69 89 84 120 119 93 93 79 94 98
Cash Conversion Cycle 35 23 32 48 48 28 44 50 32 44 26 16
Working Capital Days 11 8 -5 8 12 -17 -12 15 -0 24 -52 -36
ROCE % 15% 18% 15% 21% 20% 15% 11% 13% 15% 14% 12% 12%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
R&D Spend as % of Revenue
%

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Total Cumulative Patents Filed
Number
Total Workforce
Employees
Number of Manufacturing Plants
Number
Lifetime Order Book
INR Crores
Market Share - 2W Lock Sets
%
Market Share - Wiring Harness (2W/3W/CV/Tractors)
%
R&D Expenditure (Percentage of Turnover)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
64.72% 64.84% 64.84% 64.84% 64.84% 64.84% 64.84% 64.84% 64.84% 64.84% 64.84% 64.84%
5.74% 5.53% 3.73% 5.07% 6.07% 7.62% 7.98% 8.33% 8.83% 8.72% 9.09% 8.80%
11.88% 13.20% 16.81% 20.60% 20.63% 18.87% 18.42% 18.48% 18.17% 18.52% 18.43% 18.82%
15.99% 14.78% 12.99% 7.90% 6.86% 7.07% 7.16% 6.77% 6.58% 6.35% 6.08% 5.97%
1.65% 1.65% 1.62% 1.59% 1.59% 1.59% 1.59% 1.57% 1.57% 1.56% 1.56% 1.56%
No. of Shareholders 92,32096,38798,2381,00,68989,45993,90696,70192,13893,52696,34992,36889,480

* 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.

Click on the line-items to see the names of individual entities.

Documents

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