Minda Corporation Ltd.
Price
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What the numbers say
- Low return on equity: 3-year ROE 11.9%.
- Comfortable leverage: debt-to-equity of 0.48.
- Sales compounded at 12.9% over 3 years.
- Profits convert to cash well (CFO/OP 0.80).
- Trades above its industry P/E (40.0 vs 20.0).
Generated automatically from reported financials. These are observations, not a recommendation to buy or sell.
- Minda Corporation to acquire 26% stake in Sunsure Solarpark Sixteen
The objective of acquisition is to reduce the power cost by way of shifting towards the solar and wind power energy, which are cost effective and environment friendly
- Minda Corporation invests Rs 18 crore in Spark Minda-Toyodenso India
The acquisition aims to support the growing operational and capital expenditure requirements of the business of subsidiary company
- Minda Corporation raises Rs 100 crore through Commercial Paper
The said Commercial Paper has been listed on National Stock Exchange of India on September 11, 2026
- Minda corporation’s arm gets nod to manufacture display module sub-assemblies
The company will set up a greenfield facility for TFT display module assembly as part of its backward integration strategy
- Minda Corporation gets nod to invest up to Rs 18 crore in Spark Minda Toyodenso India
The Board of Directors of the company, at its meeting held on August 13, 2026, has approved the same
- Minda Corporation reports over three-fold jump in Q1 consolidated net profit
The total consolidated income of the company has increased by 33.02% at Rs 1,847.93 crore for Q1FY27
- Minda Corporation acquires additional stake in Spark Minda Green Mobility Systems
The acquisition does not result in any change in the company's shareholding, which continues to remain at 100%
Company announcements as filed with the exchanges. Reproduced for information — not a view or a recommendation.
| Profit & Loss · ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Net Sales | 6,185 | 5,056 | 4,651 | 4,300 | 2,976 |
| Other income | 15 | 32 | 16 | 16 | 24 |
| Total Income | 6,201 | 5,089 | 4,667 | 4,316 | 3,000 |
| Expenditure | 5,463 | 4,480 | 4,136 | 3,837 | 2,680 |
| Operating Profit | 738 | 609 | 531 | 479 | 320 |
| Interest | 123 | 69 | 57 | 42 | 32 |
| Depreciation | 230 | 204 | 166 | 138 | 112 |
| Profit before tax | 384 | 336 | 308 | 299 | 209 |
| Tax | 106 | 96 | 83 | 4 | 24 |
| Net Profit | 277 | 239 | 225 | 294 | 185 |
| EPS (₹) | 15.31 | 10.85 | 9.65 | 12.09 | 8.16 |
| Net margin % | 4.5 | 4.7 | 4.8 | 6.8 | 6.2 |
Consolidated figures, as filed with the exchanges. Newest year first.
| Balance Sheet · ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Equity capital | 48 | 48 | 48 | 48 | 48 |
| Reserves | 2,489 | 2,153 | 1,931 | 1,538 | 1,280 |
| Net worth | 2,537 | 2,201 | 1,979 | 1,586 | 1,327 |
| Total sources | 3,342 | 2,909 | 2,323 | 1,940 | 1,548 |
| Net block | 1,602 | 1,507 | 1,207 | 1,026 | 887 |
| Capital work in progress | 158 | 85 | 63 | 85 | 33 |
| Investments | 1,708 | 1,603 | 468 | 508 | 103 |
| Inventory | 710 | 581 | 527 | 573 | 479 |
| Debtors | 995 | 828 | 804 | 641 | 569 |
| Cash & bank | 147 | 97 | 192 | 162 | 333 |
| Book value (₹) | 106.15 | 92.08 | 82.80 | 66.35 | 55.54 |
Consolidated figures, as filed with the exchanges. Newest year first.
| Cash Flow · ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| From operations | 676 | 544 | 287 | 387 | 167 |
| From investing | -383 | -1,409 | 117 | -428 | -7 |
| From financing | -267 | 789 | -358 | 74 | -161 |
| Net change in cash | 25 | -76 | 45 | 34 | -1 |
| Free cash flow | 293 | -864 | 404 | -41 | 160 |
| Closing cash | 103 | 76 | 152 | 108 | 71 |
Consolidated figures, as filed with the exchanges. Newest year first.
| Ratios | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| ROCE % | 13.7 | 13.8 | 16.3 | 17.6 | 14.4 |
| ROE % | 11.7 | 11.4 | 12.6 | 20.2 | 14.9 |
| PAT margin % | 4.4 | 4.6 | 4.7 | 6.7 | 6.1 |
| EBIT margin % | 8.0 | 7.8 | 7.7 | 7.7 | 7.9 |
| Debt / equity | 0.48 | 0.61 | 0.18 | 0.35 | 0.29 |
| Current ratio | 0.94 | 0.85 | 1.80 | 1.25 | 1.53 |
| Interest cover | 4.11 | 5.88 | 6.40 | 8.06 | 7.52 |
| Sales growth % | 22.3 | 8.7 | 8.2 | 44.5 | 25.7 |
| Dividend per share (₹) | 1.40 | 1.40 | 1.40 | 1.20 | 1.00 |
| Payout % | 9.3 | 13.1 | 14.7 | 10.1 | 12.5 |
Consolidated figures, as filed with the exchanges. Newest year first.
Frequently asked
Minda Corporation Ltd. (MINDACORP) last traded at ₹612.95 on the NSE, up +0.74% on the session. Prices on this page are indicative and for information only.
Minda Corporation Ltd. has traded between ₹468.50 and ₹769.00 over the last 52 weeks on the NSE.
Minda Corporation Ltd. has a market capitalisation of about ₹14,650 crore.
Minda Corporation Ltd. trades at a P/E of 40.0, against an industry P/E of 20.0.
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Who is actually trading it
Delivery against churn, the deals big enough to be reported, what the insiders did, and the benchmarks that hold Minda Corporation Ltd..
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Exchange filings and end-of-day data, not a live feed. Bulk, block and insider records are published by the exchanges when a threshold is crossed, so they show reportable activity only. For information, not a recommendation to deal, and not a view on any person named above.
Disclosures. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Registration granted by SEBI, membership of BASL (in case of IAs) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
Prices and data on this page are indicative and for information only. Nothing here is investment advice or a recommendation to buy or sell any security. Investors should consider their own objectives, financial situation and risk profile, and may wish to seek independent advice, before investing.
Figures are as reported by the company; consolidated where available. Errors and omissions excepted.
L. F. C. Securities Pvt. Ltd. · Member BSE, NSE, MCX · SEBI Stock Broker INZ000170736 · CDSL IN-DP-281-2016 · AMFI ARN-78991 · Investment Adviser (Non-Individual) INA000011617 · Compliance Officer: Mr. Santosh Patil · santoshp@labdhi.in · 022-35006933 · Investor Grievances: investorgreve@labdhi.in