1. India Stocks

  2. •

    Producer manufacturing

  3. •

    Auto parts: OEM
Minda Corp. Ltd.

Minda Corp. Ltd.

612.95
INR
+4.50
(+0.74%)
20.06EPS
34.05P/E
164.00BMarket Cap
Nov 05Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
74.73
92.36
115.42
97.25
122.39
139.11
98.25
101.66
124.42
179.87
194.67
210.97
257.74
276.03
Basic EPS, GAAP
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
20.47
Free Cash Flow per Basic Share
-4.35
10.38
6.1
2.31
3.34
4.06
13.57
-2.19
2.48
5.82
1.48
8.26
11.96
- -
Dividend per Share
0.23
0.47
0.48
0.59
0.69
0.8
0.89
0.31
0.65
1.12
1.3
1.4
1.51
- -
Book Value per Share
18.6
22.29
22.88
27.62
35.16
52.62
42.84
47.76
56.43
67.48
83.98
93.38
112.13
- -
Tangible Book Value per Share
13.09
16.74
18.68
22.27
29.26
47.32
41.03
46.16
49.34
60.62
77.09
85.7
104.32
- -
Basic Weighted Avg Shares
209
209
209
209
209
220
223
226
235
235
235
235
235
235
Sales/Revenue/Turnover
15,642
19,332
24,158
20,356
25,617
30,567
21,862
22,999
29,266
42,279
45,801
49,645
60,661
64,963
Operating Margin (%)
5.38
6.56
7.09
6.53
7.82
6.71
7.44
5.52
6.37
7.8
7.96
7.5
8.13
7.91
Depreciation Expense
478
603
745
577
738
883
1,179
936
1,120
1,381
1,658
2,043
2,295
2,413
Net Income, GAAP
793
895
1,073
1,021
1,427
1,692
-1,998
528
1,919
2,845
2,272
2,554
3,603
4,817
Effective Tax Rate (%)
20.36
24.45
24.96
22
25.44
28.34
22.51
25.83
11.51
1.37
26.98
28.72
27.72
24.57
Profit Margin (%)
5.07
4.63
4.44
5.02
5.57
5.54
-9.14
2.3
6.56
6.73
4.96
5.14
5.94
7.41
Working Capital
427
630
514
694
1,265
3,782
3,583
4,575
5,381
3,145
8,771
-2,845
-1,275
- -
LT Debt
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
- -
Total Equity
3,894
4,907
5,425
6,221
7,407
11,951
9,750
11,466
13,301
15,908
19,806
22,022
26,587
- -
Return on Invested Capital (%)
8.37
8.68
11.13
10.62
11.15
9.38
7.16
5.7
10.91
15.67
10.61
8.47
9.06
- -
Return on Capital (%)
10.77
12.19
13.1
14.01
12.87
12.08
-9.94
4.71
12.35
15.52
11.07
9.52
11.23
- -
Return on Common Equity (%)
21.57
20.92
22.69
19.32
21.72
17.57
-18.49
5
15.56
19.54
12.76
12.24
14.9
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
8,515
- -
LT Borrowings
- -
3,981
- -
LT Finance Leases
- -
2,219
- -
Preferred Equity and Hybrid Capital
- -
47
- -
Shares Outstanding
235
235
235
Market Capitalization
135,098
119,010
163,999

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
20,176
- -
Cash, Cash Equivalents & STI
- -
1,383
- -
Accounts Receivable, Net
- -
9,950
- -
Inventories
- -
7,099
- -
Total Current Liabilities
- -
21,451
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
8,515
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
18.63%
18.4%
20.73%
Free Cash Flow
47.72%
69.06%
44.83%
Net Income, GAAP
5.4%
69.01%
41.07%
Sales/Revenue/Turnover
11.68%
22.12%
22.19%
Total Cash Common Dividend
23.26%
44.44%
7.58%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
11,924
12,900
12,526
13,213
49,645
2026
13,859
- -
15,603
17,038
60,661
2027
18,463
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
2.73
3.16
2.75
2.21
10.85
2026
2.78
- -
3.64
5.29
15.31
2027
8.75
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
1.4
2026
- -
- -
- -
- -
1.51
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Ashok Minda
Full Time Employees
23,000
Sector
Producer manufacturing
Industry
Auto parts: OEM
Address
D-6-11, Sector-59 Noida UP India 201301
IPO Date
Dec 29, 2011
Website
sparkminda.com
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Business
Minda Corporation Limited, the flagship of Spark Minda Group, manufactures and supplies automotive components including proprietary vehicle access systems, mechatronics security products, aluminum and zinc die-cast parts, wiring harnesses and electrical distribution systems, plastic interiors, instrument clusters, telematics solutions and EV components such as battery management systems, power electronics, DC-DC converters, motor controllers and battery chargers; it also produces starter motors, alternators and aftermarket items like locks, filters and cables. Founded in 1958 and headquartered in Noida, India, the company operates 28 manufacturing facilities in India plus six abroad across ASEAN, East Asia and other regions, serving two- and three-wheelers, passenger vehicles, commercial vehicles and off-road segments for OEMs in India, Asia, Europe, Americas and Africa. In January 2025, Minda Corporation agrees to acquire a 49% stake in Flash Electronics for INR 1,372 crore to bolster EV powertrain and electronics capabilities, complementing its expansion into premium auto electronics and strong FY2025 financial performance amid strategic joint ventures and new product launches for keyless systems and connected vehicle technologies.