Minda Corporation Limited

BSE: MINDACORP538962ISIN INE842C01021

Consumer Discretionary
Auto Components & Equipments
BSE 500

BSE listing

Share price

₹691.25+9.65 (+1.42%)

as of 18 Sep 2026

52W high: ₹769.00
52W low: ₹468.65
Off 52W high: -10.11%
1M return: -6.46%
3M return: +5.88%
6M return: +37.47%
1Y return: +30.03%
20D avg volume: 19,395
50 DMA: ₹703.30
200 DMA: ₹605.87

Key ratios Consolidated

Market cap: ₹16,526 Cr
Current price: ₹691.25
52W high / low: ₹769.00 / ₹468.65
Face value: ₹2.00
P/E: 33.11
P/B: —
EPS (TTM): ₹20.88
Book value / share: —
ROE: —
ROCE: 15.10%
Operating margin: —
Net margin: —
Debt / equity: 0.46
Net debt: ₹1,109 Cr
Interest cover: 4.15
Dividend yield: 0.20%
Dividend / share (TTM): ₹1.40
Payout: 6.71%
Cash conversion cycle: 33.1 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	1,846	1,704	1,560	1,535	1,386	1,321	1,253	1,290	1,192	1,215	1,166	1,196
	1.62	5.62	3.37	2.95	3.29	3.33	9.09	11.65	8.34	9.80	1.98	2.03
	1,735	1,589	1,463	1,446	1,318	1,260	1,171	1,206	1,116	1,133	1,092	1,121
	1,190	1,027	986.84	949.29	837.77	793.52	761.19	787.40	713.73	687.19	703.69	737.06
	32.55	69.53	20.96	22.44	34.58	19.14	21.93	31.15	22.75	17.92	36.05	20.95
	278.58	230.43	241.55	234.78	226.76	202.14	199.89	192.70	187.77	179.36	186.45	187.27
	31.46	29.54	28.56	30.99	32.80	34.50	11.90	11.08	9.76	12.48	14.32	14.93
	68.81	58.70	57.71	57.08	56.05	56.81	50.36	51.22	45.92	43.63	41.73	41.41
	175.70	168.66	155.05	166.74	140.72	150.56	137.72	138.49	125.68	131.47	123.78	119.77
	112.98	120.75	100.62	92.79	70.73	64.90	90.39	95.93	84.44	92.25	75.80	77.00
	123.99	2.68	-4.10	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	236.97	123.43	96.52	92.79	70.73	64.90	90.39	95.93	84.44	92.25	75.80	77.00
	48.59	30.90	31.59	25.28	18.56	23.17	26.03	25.16	22.10	22.65	25.01	18.72
	206.25	124.00	84.27	84.64	65.31	52.03	64.80	74.34	64.20	70.75	52.49	58.77
	8.75	5.29	3.64	3.60	2.78	2.21	2.75	3.16	2.73	3.01	2.23	2.50
Key metrics
	337.24	211.67	182.79	180.86	159.58	156.21	152.65	158.23	140.12	148.36	131.85	133.34
	18.30%	12.40%	11.70%	11.80%	11.50%	11.80%	12.20%	12.30%	11.80%	12.20%	11.30%	11.20%
	11.20%	7.30%	5.40%	5.50%	4.70%	3.90%	5.20%	5.80%	5.40%	5.80%	4.50%	4.90%
	—	4.60%	—	3.90%	—	3.40%	—	—	—	—	—	—
	33.20%	29.00%	24.60%	19.00%	16.20%	8.70%	7.40%	7.90%	—	—	—	—
	215.80%	138.30%	30.00%	13.90%	1.70%	-26.50%	23.50%	26.50%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY19	FY18	FY17
Income statement
	6,646	6,185	5,056	4,651	4,300	2,976	2,368	3,092	2,635	2,962
	13.56	15.23	32.41	15.74	15.78	24.15	33.20	35.50	16.25	46.27
	6,232	5,816	4,753	4,358	4,017	2,824	2,280	2,937	2,473	2,890
	4,152	3,801	3,056	2,786	2,617	1,725	1,415	1,830	1,592	1,942
	145.48	147.51	94.97	108.51	185.33	137.26	103.55	61.68	41.90	—
	985.34	933.52	782.50	728.48	625.54	474.23	382.72	509.21	441.33	—
	120.55	121.89	67.24	55.86	40.74	30.93	35.81	49.04	37.05	40.93
	242.30	229.54	204.31	165.80	138.06	112.04	93.64	88.28	—	84.72
	666.15	631.17	552.45	484.43	435.74	331.36	275.66	387.20	320.72	—
	427.14	384.89	335.66	308.48	298.47	175.74	120.76	190.53	178.21	118.70
	122.57	-1.42	0.00	0.00	0.00	32.74	0.00	17.52	13.08	2.31
	549.71	383.47	335.66	308.48	298.47	208.48	120.76	208.05	191.29	100.49
	136.36	106.33	96.46	83.23	4.08	24.04	31.16	66.81	49.63	33.08
	499.16	358.22	255.37	227.22	284.50	191.88	52.80	169.22	141.66	67.41
	21.28	15.31	10.85	9.65	12.09	8.16	4.13	7.69	—	—
Key metrics
	912.56	734.90	607.21	530.14	477.27	351.45	250.21	345.37	228.34	226.14
	13.73%	11.90%	12.00%	11.40%	11.10%	11.80%	10.60%	11.20%	8.70%	7.60%
	7.51%	5.80%	5.10%	4.90%	6.60%	6.40%	2.20%	5.50%	5.40%	2.30%
	—	15.10%	13.80%	—	—	—	—	—	—	—
	—	22.30%	8.70%	8.20%	44.50%	25.70%	-23.40%	17.30%	-11.00%	—
	—	40.30%	12.40%	-20.10%	48.30%	263.40%	-68.80%	19.50%	110.10%	—
	—	281.18	194.28	—	—	—	—	—	—	—
	—	1.89	2.13	—	—	—	—	—	—	—
	—	0.46	0.61	—	—	—	—	—	—	—
	—	1,109	1,269	—	—	—	—	—	—	—
	—	33.1	41.8	—	—	—	—	—	—	—
Balance sheet
	—	5,495	4,883	—	—	—	—	—	—	—
	—	2,018	1,678	—	—	—	—	—	—	—
	—	102.77	75.85	—	—	—	—	—	—	—
	—	994.97	827.53	—	—	—	—	—	—	—
	—	709.90	580.78	—	—	—	—	—	—	—
	—	79.42	67.11	—	—	—	—	—	—	—
	—	1,446	1,347	—	—	—	—	—	—	—
	—	1,143	829.05	—	—	—	—	—	—	—
	—	2,145	1,962	—	—	—	—	—	—	—
	—	1,212	1,345	—	—	—	—	—	—	—
	—	814.10	923.77	—	—	—	—	—	—	—
	—	398.07	420.86	—	—	—	—	—	—	—
	—	2,659	2,202	—	—	—	—	—	—	—
Cash flow
	—	675.62	544.34	—	—	—	—	—	—	—
	—	-383.08	-1,409	—	—	—	—	—	—	—
	—	-267.20	788.52	—	—	—	—	—	—	—
	—	394.44	350.06	—	—	—	—	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	1,401	1,370	1,263	1,249	1,135	1,083	1,037	1,058	966.98	1,005	969.01	990.44
	2.05	5.95	29.18	4.17	9.95	5.56	10.49	13.00	8.71	8.67	1.90	1.84
	1,320	1,279	1,192	1,190	1,090	1,043	968.24	987.31	906.16	930.69	904.21	928.06
	872.00	826.46	769.38	749.29	661.10	628.24	604.77	616.68	550.01	540.27	561.39	584.12
	39.53	25.50	27.67	25.74	35.78	22.17	29.60	35.69	26.37	21.94	40.35	31.19
	218.03	191.19	202.68	198.07	192.10	171.59	170.82	163.48	157.61	152.55	158.17	158.60
	30.96	29.83	28.84	31.05	32.76	34.46	11.75	10.93	9.58	11.92	13.92	14.83
	49.86	48.89	47.73	47.63	47.12	47.79	42.49	42.38	38.04	36.07	34.21	33.96
	145.92	149.79	137.33	147.71	124.79	132.73	120.65	123.62	112.27	118.69	109.11	106.67
	82.38	97.34	100.35	62.98	54.02	45.72	78.84	83.29	69.53	82.58	66.70	64.22
	0.00	2.28	-2.92	0.00	0.00	0.00	—	—	—	—	—	—
	82.38	99.62	97.43	62.98	54.02	45.72	78.84	83.29	69.53	82.58	66.70	64.22
	21.25	26.28	18.03	15.99	12.19	11.94	20.99	20.62	17.93	21.04	22.38	16.45
	61.13	73.34	79.40	46.99	41.83	33.78	57.85	62.67	51.60	61.54	44.32	47.77
	2.56	3.07	3.32	1.97	1.75	1.41	2.42	2.62	2.16	2.57	1.85	2.00
Key metrics
	163.20	178.34	174.00	141.66	133.90	127.97	133.08	136.60	117.15	130.57	114.83	113.01
	11.70%	13.00%	13.80%	11.30%	11.80%	11.80%	12.80%	12.90%	12.10%	13.00%	11.90%	11.40%
	4.40%	5.40%	6.30%	3.80%	3.70%	3.10%	5.60%	5.90%	5.30%	6.10%	4.60%	4.80%
	—	4.60%	—	3.40%	—	3.10%	—	—	—	—	—	—
	23.40%	26.50%	21.90%	18.10%	17.30%	7.80%	7.00%	6.80%	—	—	—	—
	46.10%	117.10%	37.30%	-25.00%	-18.90%	-45.10%	30.50%	31.20%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17
Income statement
	5,283	5,017	4,144	3,844	3,492	2,735	2,289	2,131	2,371	947.21	773.12
	41.35	49.25	37.76	14.24	41.94	46.29	30.34	47.91	41.00	23.05	14.81
	4,981	4,752	3,905	3,598	3,284	2,603	2,206	2,013	2,188	880.54	723.37
	3,217	3,006	2,400	2,211	2,068	1,581	1,381	1,238	1,456	573.74	464.06
	118.44	114.69	113.83	126.11	174.34	131.71	96.15	70.11	—	1.48	—
	809.97	784.04	663.50	617.42	534.01	436.54	362.40	335.26	340.80	124.12	—
	120.68	122.48	66.72	54.86	38.77	30.45	35.81	38.93	34.40	14.63	7.71
	194.11	191.37	170.70	136.11	109.97	102.76	89.71	82.30	61.49	24.82	19.51
	580.75	559.62	489.27	429.95	383.05	308.89	266.60	267.84	281.06	137.11	—
	343.05	314.69	277.38	260.28	250.02	177.98	113.50	165.80	223.80	89.72	64.56
	-0.64	-0.64	0.00	—	-25.00	—	—	-366.55	4.27	—	—
	342.41	314.05	277.38	260.28	225.02	177.98	113.50	-200.75	228.07	89.72	64.56
	81.55	72.49	71.48	71.81	15.59	17.78	29.83	40.27	67.49	19.64	11.36
	260.86	241.56	205.90	188.47	240.61	160.20	83.67	-241.02	160.58	70.08	53.20
	10.92	10.10	8.61	7.88	10.06	6.70	3.62	-10.61	7.15	—	—
Key metrics
	657.20	627.90	514.80	451.25	373.76	311.19	239.02	-79.52	323.96	129.17	91.78
	12.44%	12.50%	12.40%	11.70%	10.70%	11.40%	10.40%	-3.70%	13.70%	13.60%	11.90%
	4.94%	4.80%	5.00%	4.90%	6.90%	5.90%	3.70%	-11.30%	6.80%	7.40%	6.90%
	—	15.40%	13.50%	—	—	—	—	—	—	—	—
	—	21.10%	7.80%	10.10%	27.70%	19.50%	7.40%	-10.10%	150.30%	22.50%	—
	—	17.30%	9.20%	-21.70%	50.20%	91.50%	134.70%	-250.10%	129.10%	31.70%	—
	—	265.18	158.11	—	—	—	—	—	—	—	—
	—	2.43	2.27	—	—	—	—	—	—	—	—
	—	0.57	0.73	—	—	—	—	—	—	—	—
	—	1,251	1,382	—	—	—	—	—	—	—	—
	—	29.4	37.8	—	—	—	—	—	—	—	—
Balance sheet
	—	4,700	4,376	—	—	—	—	—	—	—	—
	—	1,410	1,250	—	—	—	—	—	—	—	—
	—	18.73	8.05	—	—	—	—	—	—	—	—
	—	712.28	629.31	—	—	—	—	—	—	—	—
	—	519.73	447.46	—	—	—	—	—	—	—	—
	—	55.92	43.72	—	—	—	—	—	—	—	—
	—	1,226	1,165	—	—	—	—	—	—	—	—
	—	827.08	646.95	—	—	—	—	—	—	—	—
	—	1,867	1,822	—	—	—	—	—	—	—	—
	—	1,270	1,390	—	—	—	—	—	—	—	—
	—	896.69	994.68	—	—	—	—	—	—	—	—
	—	372.92	395.69	—	—	—	—	—	—	—	—
	—	2,224	1,911	—	—	—	—	—	—	—	—
Cash flow
	—	587.62	467.44	—	—	—	—	—	—	—	—
	—	-305.86	-1,368	—	—	—	—	—	—	—	—
	—	-271.08	822.41	—	—	—	—	—	—	—	—
	—	322.44	309.33	—	—	—	—	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +12.83%
Sales CAGR 5Y: +17.00%
Sales CAGR 10Y: —
Profit CAGR 3Y: +0.13%
Profit CAGR 5Y: +23.62%
Profit CAGR 10Y: —
Sales YoY (TTM): +22.52%
Profit YoY (TTM): +33.00%

Consolidated

Sales CAGR 3Y: +12.88%
Sales CAGR 5Y: +21.17%
Sales CAGR 10Y: —
Profit CAGR 3Y: +7.98%
Profit CAGR 5Y: +46.66%
Profit CAGR 10Y: —
Sales YoY (TTM): +26.59%
Profit YoY (TTM): +94.62%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Jun 2026

Promoter holding: 64.85%

Quarter	June 2026	March 2026
Promoter %	64.85%	64.85%

Holder	Type	Holding	Previous	Change
ASHOK MINDA	Promoter	34.19%	34.19%	0.00%
MINDA CAPITAL PRIVATE LIMITED	Promoter	16.14%	16.14%	0.00%
SARIKA MINDA	Promoter	13.97%	13.97%	0.00%
Employees Benefit Trust (Under SEBI (Share Based Employee Benefit Regulation 2014)	Public	1.56%	1.56%	0.00%
WHITELINE BARTER LIMITED	Promoter	0.55%	0.55%	0.00%
Any other	Public	0.01%	0.01%	0.00%
SAM GLOBAL PTE LTD	Promoter Group	0.00%	0.00%	0.00%
Paripal Electronics Manufacturing Limited	Promoter Group	0.00%	0.00%	0.00%
BAR INVESTMENTS & FINANCE PVT. LTD.	Promoter Group	0.00%	0.00%	0.00%
Minda Korea Co. Ltd	Promoter Group	0.00%	0.00%	0.00%
MINDA NABTESCO AUTOMOTIVE PRIVATE LIMITED	Promoter Group	0.00%	0.00%	0.00%
DENSO TEN UNO MINDA INDIA PRIVATE LIMITED	Promoter Group	0.00%	0.00%	0.00%
UNO MINDA KATOLEC ELECTRONICS SERVICES PRIVATE LIMITED	Promoter Group	0.00%	0.00%	0.00%
UNOMINDA EV SYSTEMS PRIVATE LIMITED	Promoter Group	0.00%	0.00%	0.00%
YOGENDRA ENGINEERING	Promoter Group	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Filings & corporate actions

Recent announcements

The Company has received ESG rating from "Niche Ninety Nine Capability and Certifications(OPC) Private Limited "Niche".15 Sep 2026 · Company Update / General
Minda Corporation Limited has informed the Exchange regarding issuance of Commercial Papers of Rs. 100 crores on September 11, 2026.11 Sep 2026 · Company Update / General
Minda Corporation Limited has informed the Exchange regarding confirmation of Redemption / Payment of Interest and Principal of Commercial Papers of INR 100 crores.4 Sep 2026 · Company Update / General
Minda Corporation Limited has informed the Exchange regarding the Record date updates for redemption of Commercial Papers: ISIN INE842C14214- Record date: 03.09.2026, due date:04.09.2026; ....31 Aug 2026 · Company Update / General
The Company is participating in Elara Conference themed Ashwamedh-Elara India Dialogue 2026 on 3rd September 2026 in Mumbai.31 Aug 2026 · Company Update / General
Voting results for the resolutions passed at 41st AGM and Scrutinizer''s Report is attached21 Aug 2026 · AGM/EGM / AGM
Mr. Pardeep Mann, Company secretary and compliance officer has resigned from the company from the close of business hours on 21st August 2026.21 Aug 2026 · Company Update / Resignation of Company Secretary / Compliance Officer
The Proceedings of 41st AGM is attached.21 Aug 2026 · AGM/EGM / AGM
Minda Corporation Limited has informed the Exchange regarding issuance of commercial papers of Rs. 100 crores on August 19, 202619 Aug 2026 · Company Update / General
Transcript for Investor Meet held 13th August 2026 is attached19 Aug 2026 · Company Update / Earnings Call Transcript
Press Release dated 18th August 2026 wrt Minda Instruments Limited, a wholly owned subsidiary of the Company18 Aug 2026 · Company Update / General
The Company has published its Financial Results for the quarter ended 30th June 2026 in Newspaper on 14.8.2614 Aug 2026 · Company Update / Newspaper Publication
Website link for Investor Call for Financial Result for Q127 is given13 Aug 2026 · Company Update / Analyst / Investor Meet
Monitoring Agency Report for the Quarter ended June 30 202613 Aug 2026 · Company Update / Monitoring Agency Report
Investor Presentation on Financial Result of Q1 FY2713 Aug 2026 · Company Update / Investor Presentation
The Company has announced Press Release for Financial Result for Q127.13 Aug 2026 · Company Update / Press Release / Media Release
Financial Results for1st Quarter FY2713 Aug 2026 · Result / Financial Results
The Company at its Board meeting held on 13.8.26 has approved 1st quarter result for FY2713 Aug 2026 · Board Meeting / Outcome of Board Meeting
A conference call is scheduled to be held on Thursday, August 13, 2026 at 04:00 P.M. IST to discuss the financial results for the quarter ended June 30, 2026.7 Aug 2026 · Company Update / Analyst / Investor Meet
Minda Corporation Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/08/2026 ,inter alia, to consider and approve Standalone and Consolidated ....4 Aug 2026 · Board Meeting / Board Meeting
Minda Corporation Limited has informed the Exvhange about publication of Notice in Newspaper regarding Evoting information post dispatch of AGM Notice31 Jul 2026 · Company Update / Newspaper Publication
Annual Report for FY 2025-26 is attached29 Jul 2026 · Others / Reg. 34 (1) Annual Report
Newspaper advertisement on 28.07.2026 regarding transfer of unpaid and unclaimed dividend for FY 2018-19 final and corresponding shares to IEPF28 Jul 2026 · Company Update / Newspaper Publication
Newspaper advertisement given by Company regarding pre dispatch of 41st AGM to be held on 21st August 2016.28 Jul 2026 · Company Update / Newspaper Publication
Letter to shareholders regarding transfer to Unpaid and unclaimed dividend for FY 2018-19 (Final) and corresponding shares to IEPF.28 Jul 2026 · Company Update / General
The Company has acquired further shares in Spark Minda Green Mobility Systems Private Limited (WOS) under right issue on July 19, 2026.20 Jul 2026 · Company Update / Acquisition
Minda Corporation Limited has informed the Exchange regarding issuance of commercial papers of Rs. 100 crores on July 15, 202615 Jul 2026 · Company Update / General
Certificate under Reg 74(5) of SEBI(DP) Regulation 2018 by RTA is attached.6 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
The Trading window has been closed for trading in the shares of the Company for the purpose of approval of Financial Results of the Company the quarter ending on 30th June 2026 by the Board.26 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Minda Corporation Limited has informed the Exchange regarding confirmation of Redemption/ Payment of Interest and Principal of Commercial Papers of INR 200 crores.22 Jun 2026 · Company Update / General
Intimation of record date for redemption of Commercial Papers of INR 200 crore.11 Jun 2026 · Company Update / General
Issue of Commercial Papers for INR 100 Crore9 Jun 2026 · Company Update / Issue of Securities
Disclosure under Regulation 30 regarding an incidence of fire at Company''s one of the Plant at Noida31 May 2026 · Company Update / General
Please find attached herewith transcript of conference call with Investors held on May 22, 202627 May 2026 · Company Update / Earnings Call Transcript
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. <table border=''1px''><tr> <td>Sr. No.</td> <td>Particulars</td> <td>Details</td> ....25 May 2026 · Others / Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
Company has fixed 14th August 2026 as Record date for payment of final dividend25 May 2026 · Corp. Action / Record Date
The Company has published record date in English newspaper Financial Express and Hindi Newspaper Jansatta23 May 2026 · Company Update / Newspaper Publication
The Company has published audited Standalone and consolidated Financial statement for the quarter and year ended 31 March 2026 in Newspapers23 May 2026 · Company Update / Newspaper Publication
Pursuant to Regulations 30 and 46(2)(oa) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, we hereby inform you that the audio call recording ....22 May 2026 · Company Update / Analyst / Investor Meet
Intimation of signing of First Amendment Agreement on May 22, 2026 to Original Shareholder Agreement dated April 30, 2015 between the Company and Vehicle Access Systems LLC, USA.22 May 2026 · Company Update / Memorandum of Understanding /Agreements

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 0.8000	14 Aug 2026	14 Aug 2026	—
Interim Dividend - Rs. - 0.6000	13 Feb 2026	13 Feb 2026	—
Final Dividend - Rs. - 0.9000	14 Aug 2025	14 Aug 2025	—
Interim Dividend - Rs. - 0.5000	12 Feb 2025	12 Feb 2025	—
Final Dividend - Rs. - 0.9000	7 Aug 2024	—	—

Board meetings

13 Aug 2026 Board Meeting - Financial Results