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    Auto - Parts
Minda Corporation Limited

Minda Corporation Limited

MINDACORP.BO
Minda Corporation LimitedIN flagBombay Stock Exchange
688.05
INR
-9.05
- -
162.33BMarket Cap
Minda Corporation Limited
MINDACORP.BO
(Bombay Stock Exchange)

Recent

price

688.05

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
38.98
67.04
102
74.73
92.36
115.42
97.25
122.39
139.11
98.25
101.66
124.42
179.87
194.67
214.83
262.86
223.1
Revenue per Share
1.84
2.59
0.29
3.79
4.28
5.12
4.88
6.82
7.7
-8.98
2.33
8.16
12.1
9.66
10.85
15.31
10.9
Basic EPS, GAAP
0.49
-8.96
-5.18
-4.35
10.38
6.1
2.31
3.34
4.06
13.57
-2.19
2.48
5.82
1.48
8.25
11.95
- -
Free Cash Flow per Basic Share
0.13
0.17
0.33
0.23
0.47
0.48
0.59
0.69
0.8
0.89
0.31
0.65
1.12
1.3
1.4
1.5
- -
Dividend per Share
6.68
6.12
5.91
9.27
13.85
17.24
21.74
26.64
32.14
21.49
23.31
29.96
41.02
57.52
66.96
2.03
- -
Book Value per Share
9.7
12.9
11.96
13.09
17.89
21.72
23.94
29.26
48.72
41.77
48.78
49.26
60.62
77.09
85.68
105.18
- -
Tangible Book Value per Share
188
201
209
209
209
209
209
209
220
223
226
235
235
235
235
235
235
Basic Weighted Avg Shares
7,346
13,452
21,349
15,642
19,332
24,158
20,356
25,617
30,567
21,862
22,999
29,266
42,279
45,801
50,562
61,853
52,497
Sales/Revenue/Turnover
9.15
6.7
1.75
5.38
6.56
7.09
6.53
7.82
6.71
7.44
5.52
6.37
7.8
7.96
7.33
7.95
7.33
Operating Margin (%)
171
455
771
478
603
745
577
738
883
1,179
936
1,120
1,381
1,658
2,043
2,295
2,144
Depreciation Expense
347
519
60
793
895
1,073
1,021
1,427
1,692
-1,998
528
1,919
2,845
2,272
2,554
3,603
2,565
Net Income, GAAP
23.16
21.15
77.87
20.36
24.45
24.96
22
25.44
28.34
22.51
25.83
11.51
1.37
26.98
28.74
27.73
28.86
Effective Tax Rate (%)
4.73
3.86
0.28
5.07
4.63
4.44
5.02
5.57
5.54
-9.14
2.3
6.56
6.73
4.96
5.05
5.82
4.89
Profit Margin (%)
684
302
134
427
630
514
694
1,265
3,782
3,583
4,575
5,381
3,145
8,771
-2,845
-1,275
- -
Working Capital
1,016
1,572
1,891
2,097
1,807
1,162
1,837
2,804
1,456
1,526
1,231
1,818
3,065
2,918
6,479
6,200
- -
LT Debt
2,693
3,563
3,513
3,894
4,907
5,425
6,221
7,407
11,951
9,750
11,466
13,301
15,908
19,806
22,022
26,585
- -
Total Equity
12.97
10.92
0.97
7.36
9.93
13.01
9.57
11.26
8.75
7.23
5.72
9.32
15.7
11.05
8.35
8.95
- -
Return on Invested Capital (%)
11.02
15.02
2.4
13.96
15.09
15.4
15.78
14.53
15.07
-13.83
7.13
19.06
22.17
14.92
11.93
19.07
49.06
Return on Capital (%)
39.37
41.75
4.86
49.95
37.01
32.97
25.03
28.18
26.77
-33.74
10.5
31.15
34.1
19.61
17.44
44.37
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
ST Debt
- -
9,616
- -
LT Borrowings
- -
4,209
- -
LT Finance Leases
- -
2,270
- -
Preferred Equity and Hybrid Capital
- -
47
- -
Shares Outstanding
- -
235
- -
Market Capitalization
115,299
126,936
122,809

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
Total Current Assets
- -
16,779
- -
Cash, Cash Equivalents & STI
- -
881
- -
Accounts Receivable, Net
- -
8,275
- -
Inventories
- -
5,808
- -
Total Current Liabilities
- -
19,624
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
9,616
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
18.63%
18.4%
20.72%
Free Cash Flow
47.7%
69.03%
44.73%
Net Income, GAAP
5.4%
69.01%
41.07%
Sales/Revenue/Turnover
11.89%
22.55%
22.33%
Total Cash Common Dividend
23.2%
44.32%
7.13%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
10,745
11,958
11,658
11,439
45,801
2025
11,924
12,900
12,526
13,213
50,562
2026
13,859
15,603
17,038
- -
61,853

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.92
2.5
2.23
- -
9.66
2025
2.73
3.16
2.75
2.21
10.85
2026
2.78
3.64
5.29
- -
15.31

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.3
2025
- -
- -
- -
- -
1.4
2026
- -
- -
- -
- -
1.5
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Business
Minda Corporation Limited (BSE: MINDACORP, NSE: MINDACORP) manufactures and supplies a broad range of automotive components to original equipment manufacturers, tier-1 suppliers, and aftermarket customers worldwide. The company offers products across multiple segments, including vehicle access systems and mechatronics such as electronic and mechanical security systems, locks, and key solutions; aluminum and zinc die-cast components with high-class surface finishing; electrical distribution systems encompassing wiring harnesses, steering roll connectors, and high-voltage EV connectors; interior plastics and exteriors featuring trims, rearview mirrors, and kinematics; driver information systems like instrument clusters and sensors; smart electronics and telematics including advanced automotive sensors and connected systems; EV mobility solutions such as battery management systems, on-board chargers, DC-DC converters, EV controllers, and powertrain electronics; as well as starter motors, alternators, and aftermarket offerings like auto electrics, brake shoes, filters, and control cables. Founded in 1958 with headquarters in Noida, Uttar Pradesh, India, Minda Corporation operates over 30 plants and offices primarily in India (North, West, South), ASEAN countries including Vietnam and Uzbekistan, East Asia such as Japan and China, and serves passenger vehicles, commercial vehicles, two-wheelers, three-wheelers, off-road vehicles, and agriculture equipment markets across Asia, America, Europe, and Africa. Recent developments include the January 2025 acquisition of a 49% stake in Flash Electronics for INR 1,372 crore to bolster EV powertrain capabilities with synergies in motors, controllers, wiring harnesses, and exports; a INR 2,000 crore capital expenditure plan announced in November 2025 over five years to expand manufacturing with three new greenfield facilities for die-casting in Noida and Pune and instrument clusters, targeting revenue growth from INR 5,056 crore in FY2025 to INR 17,500 crore by FY2030 at 20-25% CAGR and EBITDA margins of 12.5%; new joint ventures in sunroofs, powered liftgates, switches, and high-voltage EV connector systems expected to add INR 1,450 crore in revenue; and accelerated exports from INR 420 crore in FY2025 to over INR 1,500 crore by FY2030 alongside product premiumization and R&D investments.