MINDACORPAutomobile and Auto Components

Minda Corporation Limited

Auto Components & Equipments · ISIN INE842C01021 · BSE 538962 · NSE EQ · FV ₹2
Last price
₹679
-0.88%today
What this company does

Minda Corporation Limited operates in Auto Components & Equipments, part of the Automobile and Auto Components sector. It booked ₹2,189 cr of revenue in its latest quarter (Q2 FY27) and kept 6.5% of sales as profit.

“The Company is primarily engaged in the manufacturing of Automobile Current tax assets and current tax liabilities are Components and Parts thereof.”
Their stated vision

“is to be fastest-growing a global leader in automotive solutions, guided by our philosophy of “Creating Together”, EV platform with and we are proud to be a ‘Great Place to Work’ Certified organization.”

In the report:
58out of 100
Equitytale Health Score
Mixed

Healthier than 58% of companies in Automobile and Auto Components, on all six measures of filed financials. Each measure is ranked against the 40–52 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
60

At close. Not part of the score.

Profitability & returns56

How much profit it earns on the money it employs

Balance sheet32

How much it owes, and whether earnings cover the interest

Cash quality85

Whether reported profit actually arrives as cash

Growth & consistency41

Whether sales and profit have grown, and how steadily

Valuation59

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Sales up 43% vs last year
✓ Profit up 69% vs last year
✓ Promoters hold 65%
✓ No promoter shares pledged
✓ Strong 19% return on equity
✓ Turns profit into real cash
Watch-outs
! Thin 6.5% net margin

What if I invest in MINDACORP?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹679▼ -0.88%
latest close · 2026-11-04
1-year return
+393.1%
52-wk low ₹12552-wk high ₹769
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio27.9Average
LowAverageHigh
P/B ratio5.45High
Below bookModerateHigh
EV / EBITDA16.9High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity19.2%Strong
WeakFairStrong ▸15%
Return on capital20.1%Strong
WeakFairStrong
Net margin6.5%Decent
ThinDecentStrong
EBITDA margin11.9%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.46Comfortable
LowModerateHigh ▸1
Interest cover5.5×Strong
RiskyOkayStrong ▸5×
Current ratio0.97Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹16,224 cr
Book value
₹124
EPS
₹6.08
latest quarter
Net debt
₹1,335 cr
owes more than its cash
Enterprise value
₹17,559 cr
EBITDA
₹1,042 cr
annualised
EBIT
₹768 cr
annualised
Operating margin
8.8%
Return on assets
8.5%
Earnings yield
3.58%
P/S
1.85
Sales / share
₹366.3
Tax rate
25.4%
Face value
₹2
Shares
23.9 cr
Working capital
₹-97 cr
Current assets
₹2,809 cr
Current liabilities
₹2,906 cr
Delivery %
51.8%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹128–₹266, midpoint ₹151

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY27 (consolidated)
Revenue from Operations₹2,189 cr
Other Income₹3 cr
Total Income₹2,192 cr
Cost of Materials₹1,460 cr
Purchases of Stock-in-Trade₹31 cr
Inventory Change (±)₹-61 cr
Employee Benefit Expense₹300 cr
Finance Costs₹35 cr
Depreciation & Amortisation₹68 cr
Other Expenses₹203 cr
Total Expenses₹2,035 cr
Profit before Tax₹157 cr
Tax Expense₹40 cr
Share of JV / Associates₹26 cr
Net Profit₹143 cr
Net margin on total income6.5%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹1,430 cr64.5%
Employee benefit expense₹300 cr13.5%
Finance costs₹35 cr1.6%
Depreciation & amortisation₹68 cr3.1%
Other expenses₹203 cr9.1%
Tax expense₹40 cr1.8%
Profit for the period₹143 cr6.4%
Total income ₹2,192 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue1,704 cr1,846 cr2,189 cr
Total income1,709 cr1,848 cr2,192 cr
Expenses1,589 cr1,735 cr2,035 cr
Profit before tax123 cr237 cr157 cr
Tax31 cr49 cr40 cr
Net profit (owners' share)125 cr206 cr143 cr
Net margin (owners' share, on revenue)7.3%11.2%6.5%
EPS (₹)5.298.756.08
YoY (latest quarter): total income +42.5% · net profit +69.1%
Balance sheet & cash flow · as of Sep 2026
Low debt
Total assets
₹6,732 cr
Shareholder equity
₹2,976 cr
parent shareholders
Total debt
₹1,432 cr
Cash
₹96 cr
Cash flow · H1 FY27
Operating
₹80 cr
Investing
₹-141 cr
Financing
₹54 cr
Peer comparison
Auto Components & Equipments · by market value
CompanyPriceMarket capP/E
Samvardhana Motherson International Limited₹160₹1.69 L cr40.8
Bosch Limited₹49,645₹1.46 L cr51.8
Bharat Forge Limited₹1,777₹84,979 cr—
UNO Minda Limited₹1,125₹64,934 cr54.9
Sona BLW Precision Forgings Limited₹900₹56,172 cr62.8
Schaeffler India Limited₹3,525₹55,091 cr39.5
Tube Investments of India Limited₹2,190₹42,398 cr62.9
Endurance Technologies Limited₹2,410₹33,898 cr34.7
Exide Industries Limited₹346₹29,431 cr21.0
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.21%
trailing 12 months
Dividend / share (TTM)
₹1.4
Last dividend
₹0.8
ex 14 Aug 2026
ActionDetailEx-date
Dividend₹0.8 / share14 Aug 2026
Dividend₹0.6 / share13 Feb 2026
Dividend₹0.9 / share14 Aug 2025
Dividend₹0.5 / share12 Feb 2025
Dividend₹0.9 / share7 Aug 2024
Dividend₹0.5 / share14 Feb 2024
Who owns it · 2026-09-30
No pledge
Promoter
64.8%
FII / Foreign
9.4%
DII / Domestic
17.9%
Retail / others
6.3%
Smart-money activity
Insider trades
SoldVinod Raheja · Key Managerial Personnel3,933 · ₹20.3 L8 Sep 25
SoldVinod Raheja · Key Managerial Personnel1,270 · ₹6.6 L8 Sep 25
SoldVinod Raheja · Key Managerial Personnel13,297 · ₹68.5 L2 Sep 25
Bulk / block deals
short— · NSE129 Oct 26
short— · NSE1923 Aug 26
short— · NSE1624 Jul 26
Stake changes
BoughtAxis Mutual Fund→ 5.23% · 8.00 L18 Dec 23
BoughtAshok Minda along with pac · promoter→ 39.05% · 2.75 L4 Sep 23
OthersAshok Minda and Sarika Minda and Minda Capital Private Limited and Whiteline Barter Limited · promoter→ 64.73%11 Dec 20
What shareholders were asked to approve
2 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 21 Aug 2026
See the official result
1
CONSIDERATION AND ADOPTION OF AUDITED FINANCIAL STATEMENTS, DIRECTORS AND AUDITOR S REPORT FOR THE FINANCIAL YEAR ENDED MARCH 31, 2026
Backed by 100% of shareholders other than promotersneeded 50%
14.09 cr votes for, 94 against · 0% of mutual funds and other big investors said no
2
CONFIRMATION OF PAYMENT OF INTERIM DIVIDEND AND DECLARATION OF FINAL DIVIDEND ON EQUITY SHARES FOR THE YEAR 2025-26
Backed by 100% of shareholders other than promotersneeded 50%
14.09 cr votes for, 94 against · 0% of mutual funds and other big investors said no
3
RE APPOINTMENT OF MR. ASHOK MINDA (DIN 00054727) AS DIRECTOR LIABLE TO RETIRE BY ROTATION AND BEING ELIGIBLE OFFERS HIMSELF FOR RE APPOINTMENT
Backed by 98% of shareholders other than promotersneeded 50%
13.77 cr votes for, 31.75 L against · 5% of mutual funds and other big investors said no
4
RE APPOINTMENT OF M S S.R. BATLIBOI AND CO. LLP AS STATUTORY AUDITORS OF THE COMPANY FROM THE CONCLUSION OF 41st ANNUAL GENERAL MEETING UNTIL THE CONCLUSION OF THE 46th ANNUAL GENERAL MEETING AND TO FIX THEIR REMUNERATION
Backed by 100% of shareholders other than promotersneeded 50%
14.09 cr votes for, 5,142 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 67 named members
owning 64.8% between them · as of 2026-09-30
ASHOK MINDA34.19%
MINDA CAPITAL PRIVATE LIMITED16.14%
SARIKA MINDA13.97%
WHITELINE BARTER LIMITED0.55%
AAKASH MINDAno shares
AUTO COMPONENTSno shares
BAR INVESTMENTS & FINANCE PVT. LTD.no shares
BIMLA DEVI AGARWALno shares
Business done with them
FY2026 · 3 of the group
The company paid ₹139 cr to companies in the promoter group last year — about 2.3% of its ₹6,185 cr revenue and received ₹2 cr back from them.
MINDA CAPITAL PRIVATE LIMITED
Bought property or assets from them · multiple transactions
also owns 16.14% of the company
₹80 cr
company paid
MINDA CAPITAL PRIVATE LIMITED
Other payments to them · multiple transactions
also owns 16.14% of the company
₹28 cr
company paid
Ashok Minda
Other payments to them · multiple transactions
also owns 34.19% of the company
₹14 cr
company paid
MINDA CAPITAL PRIVATE LIMITED
Contribution made to them · multiple transactions
also owns 16.14% of the company
₹14 cr
company paid
Aakash Minda
Other payments to them · Remuneration paid
₹3 cr
company paid
MINDA CAPITAL PRIVATE LIMITED
Other income from them · multiple transactions
also owns 16.14% of the company
₹2 cr
company received

The company also transacted with 13 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.