WEBSITE BSE:538962 NSE: MINDACORP Inc. Year: 1985 Industry: Auto Ancillary My Bucket: Add Stock
Last updated: 15:58
Minda Corporation Ltd is a holding corporation. The Company manufactures automobile additives/add-ons from various locations in India. The Company's essential merchandise/offerings comprises lock kits, spares, and locks and ignition switches. The Company's geographical segments consist of Revenue within India (Domestic) and Revenue outdoor India (Overseas). The Revenue within India (Domestic) segment includes sale to customers located inside India. The Revenue outdoor India (Overseas) section includes sale of merchandise manufactured in India a...Read More
Minda Corporation Ltd is a holding corporation. The Company manufactures automobile additives/add-ons from various locations in India. The Company's essential merchandise/offerings comprises lock kits, spares, and locks and ignition switches. The Company's geographical segments consist of Revenue within India (Domestic) and Revenue outdoor India (Overseas). The Revenue within India (Domestic) segment includes sale to customers located inside India. The Revenue outdoor India (Overseas) section includes sale of merchandise manufactured in India and outside India to customers located outside India. The Company gives a diverse product portfolio that comprises safety, protection and restraint systems; driver information and telematics systems, and interior systems for auto original gadget manufacturers. Its merchandise cater to two/three wheelers, passenger motors, business motors and after-market. Its production centers are positioned in India, South-East Asia, Europe and North America. ...Read Less
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Market Cap ₹12738 Cr.
Stock P/E 53.3
P/B 5.1
Current Price ₹532.8
Book Value ₹ 104.8
Face Value 2
52W High ₹644.4
Dividend Yield 0.26%
52W Low ₹ 445.3
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 1196 | 1166 | 1215 | 1192 | 1290 | 1253 | 1321 | 1386 | 1535 | 1560 |
| Other Income | 2 | 2 | 10 | 8 | 12 | 9 | 3 | 3 | 3 | 3 |
| Total Income | 1198 | 1168 | 1225 | 1201 | 1302 | 1262 | 1325 | 1389 | 1538 | 1564 |
| Total Expenditure | 1065 | 1036 | 1076 | 1061 | 1143 | 1109 | 1168 | 1230 | 1357 | 1377 |
| Operating Profit | 133 | 132 | 148 | 140 | 158 | 153 | 156 | 160 | 181 | 187 |
| Interest | 15 | 14 | 12 | 10 | 11 | 12 | 35 | 33 | 31 | 29 |
| Depreciation | 41 | 42 | 44 | 46 | 51 | 50 | 57 | 56 | 57 | 58 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4 |
| Profit Before Tax | 77 | 76 | 92 | 84 | 96 | 90 | 65 | 71 | 93 | 97 |
| Provision for Tax | 19 | 25 | 23 | 22 | 25 | 26 | 23 | 19 | 25 | 32 |
| Profit After Tax | 58 | 51 | 70 | 62 | 71 | 64 | 42 | 52 | 68 | 65 |
| Adjustments | 0 | 2 | 1 | 2 | 4 | 0 | 10 | 13 | 17 | 21 |
| Profit After Adjustments | 59 | 52 | 71 | 64 | 74 | 65 | 52 | 65 | 85 | 86 |
| Adjusted Earnings Per Share | 2.5 | 2.2 | 3 | 2.7 | 3.1 | 2.7 | 2.2 | 2.7 | 3.5 | 3.6 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 1962 | 2446 | 2060 | 2594 | 3092 | 2223 | 2368 | 2976 | 4300 | 4651 | 5056 | 5802 |
| Other Income | 23 | 17 | 41 | 16 | 36 | 43 | 33 | 24 | 16 | 16 | 32 | 12 |
| Total Income | 1984 | 2463 | 2100 | 2610 | 3128 | 2265 | 2401 | 3000 | 4316 | 4667 | 5089 | 5816 |
| Total Expenditure | 1777 | 2218 | 1868 | 2318 | 2798 | 1975 | 2148 | 2680 | 3837 | 4136 | 4480 | 5132 |
| Operating Profit | 208 | 244 | 233 | 292 | 330 | 290 | 253 | 320 | 479 | 531 | 609 | 684 |
| Interest | 39 | 37 | 30 | 40 | 51 | 41 | 39 | 32 | 42 | 57 | 69 | 128 |
| Depreciation | 60 | 74 | 58 | 74 | 88 | 87 | 94 | 112 | 138 | 166 | 204 | 228 |
| Exceptional Income / Expenses | 2 | 14 | 0 | 0 | 18 | 0 | 0 | 33 | 0 | 0 | 0 | -4 |
| Profit Before Tax | 111 | 147 | 131 | 191 | 236 | 175 | 121 | 209 | 299 | 308 | 336 | 326 |
| Provision for Tax | 27 | 37 | 29 | 49 | 67 | 39 | 31 | 24 | 4 | 83 | 96 | 99 |
| Profit After Tax | 84 | 110 | 102 | 143 | 169 | 136 | 90 | 185 | 294 | 225 | 239 | 227 |
| Adjustments | 6 | -3 | 0 | 0 | 0 | -335 | -37 | 7 | -10 | 2 | 16 | 61 |
| Profit After Adjustments | 90 | 107 | 102 | 143 | 169 | -200 | 53 | 192 | 285 | 227 | 255 | 288 |
| Adjusted Earnings Per Share | 4.3 | 5.2 | 4.9 | 6.9 | 7.5 | -8.8 | 2.2 | 8 | 11.9 | 9.5 | 10.7 | 12 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 9% | 19% | 18% | 10% |
| Operating Profit CAGR | 15% | 24% | 16% | 11% |
| PAT CAGR | 6% | 9% | 12% | 11% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 4% | 26% | 41% | 16% |
| ROE Average | 11% | 15% | 14% | 16% |
| ROCE Average | 14% | 16% | 14% | 15% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 467 | 567 | 622 | 741 | 1195 | 975 | 1147 | 1330 | 1591 | 1981 | 2202 |
| Minority's Interest | 24 | 64 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 181 | 142 | 184 | 280 | 146 | 115 | 93 | 85 | 172 | 137 | 421 |
| Other Non-Current Liabilities | 27 | 36 | 28 | 28 | 30 | 69 | 60 | 145 | 171 | 207 | 288 |
| Total Current Liabilities | 723 | 962 | 715 | 1002 | 1071 | 1168 | 1029 | 1007 | 1269 | 1102 | 1962 |
| Total Liabilities | 1422 | 1771 | 1548 | 2051 | 2442 | 2327 | 2328 | 2567 | 3202 | 3427 | 4874 |
| Fixed Assets | 571 | 719 | 530 | 711 | 732 | 570 | 613 | 887 | 1026 | 1207 | 1507 |
| Other Non-Current Assets | 64 | 46 | 234 | 211 | 261 | 231 | 229 | 135 | 593 | 241 | 1688 |
| Total Current Assets | 786 | 1007 | 784 | 1129 | 1449 | 1526 | 1486 | 1545 | 1583 | 1980 | 1678 |
| Total Assets | 1422 | 1771 | 1548 | 2051 | 2442 | 2327 | 2328 | 2567 | 3202 | 3427 | 4874 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 26 | 39 | 70 | 28 | 19 | 30 | 95 | 53 | 71 | 108 | 152 |
| Cash Flow from Operating Activities | 304 | 226 | 48 | 70 | 209 | 450 | 86 | 167 | 387 | 287 | 544 |
| Cash Flow from Investing Activities | -51 | -160 | -170 | -200 | -402 | -137 | -174 | -7 | -428 | 117 | -1409 |
| Cash Flow from Financing Activities | -238 | -29 | 67 | 122 | 203 | -249 | 65 | -161 | 74 | -358 | 789 |
| Net Cash Inflow / Outflow | 15 | 37 | -54 | -8 | 11 | 64 | -24 | -1 | 34 | 45 | -76 |
| Closing Cash & Cash Equivalent | 39 | 78 | 28 | 19 | 30 | 95 | 53 | 71 | 108 | 152 | 76 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 4.32 | 5.16 | 4.91 | 6.86 | 7.47 | -8.8 | 2.21 | 8.03 | 11.9 | 9.51 | 10.69 |
| CEPS(Rs) | 6.94 | 8.87 | 7.68 | 10.41 | 11.37 | 9.79 | 7.67 | 12.41 | 18.1 | 16.36 | 18.56 |
| DPS(Rs) | 0.4 | 0.5 | 0.5 | 0.6 | 0.7 | 0.35 | 0.65 | 1 | 1.2 | 1.4 | 1.4 |
| Book NAV/Share(Rs) | 21.55 | 26.33 | 29.9 | 35.51 | 52.6 | 42.88 | 47.87 | 55.54 | 66.35 | 82.8 | 92.08 |
| Core EBITDA Margin(%) | 8.86 | 8.54 | 8.69 | 10.46 | 9.51 | 11.15 | 9.16 | 9.71 | 10.52 | 10.87 | 11.15 |
| EBIT Margin(%) | 7.18 | 6.91 | 7.29 | 8.77 | 9.28 | 9.73 | 6.65 | 7.9 | 7.74 | 7.71 | 7.82 |
| Pre Tax Margin(%) | 5.31 | 5.51 | 5.92 | 7.26 | 7.64 | 7.87 | 5.03 | 6.85 | 6.78 | 6.5 | 6.49 |
| PAT Margin (%) | 4.01 | 4.14 | 4.62 | 5.42 | 5.47 | 6.1 | 3.73 | 6.06 | 6.69 | 4.75 | 4.63 |
| Cash Profit Margin (%) | 6.9 | 6.94 | 7.23 | 8.22 | 8.33 | 10 | 7.63 | 9.74 | 9.82 | 8.24 | 8.58 |
| ROA(%) | 6.12 | 6.89 | 6.15 | 7.93 | 7.53 | 5.69 | 3.85 | 7.54 | 10.21 | 6.79 | 5.76 |
| ROE(%) | 20.49 | 22.12 | 17.46 | 20.98 | 17.53 | 12.53 | 8.46 | 14.93 | 20.21 | 12.64 | 11.45 |
| ROCE(%) | 15.68 | 17.67 | 14.13 | 17.55 | 17.18 | 12.79 | 10.18 | 14.35 | 17.64 | 16.35 | 13.76 |
| Receivable days | 53.3 | 51.68 | 66.83 | 65.42 | 65.92 | 76.87 | 63.23 | 60.58 | 50.15 | 55.6 | 57.64 |
| Inventory Days | 36.52 | 37.88 | 51.8 | 52.24 | 52.78 | 69.08 | 60.11 | 52.43 | 43.62 | 42.33 | 39.13 |
| Payable days | 84.18 | 88.52 | 101.92 | 82.18 | 81.57 | 125.38 | 124.21 | 104.49 | 84.97 | 86.71 | 86.57 |
| PER(x) | 21.41 | 20.2 | 19.17 | 25.84 | 18.24 | 0 | 45.58 | 25.77 | 18.07 | 43.99 | 50.47 |
| Price/Book(x) | 4.29 | 3.96 | 3.15 | 4.99 | 2.59 | 1.34 | 2.1 | 3.73 | 3.24 | 5.05 | 5.86 |
| Dividend Yield(%) | 0.43 | 0.48 | 0.53 | 0.34 | 0.51 | 0.61 | 0.65 | 0.48 | 0.56 | 0.33 | 0.26 |
| EV/Net Sales(x) | 1.22 | 1.08 | 1.2 | 1.69 | 1.1 | 0.61 | 1.01 | 1.68 | 1.29 | 2.18 | 2.8 |
| EV/Core EBITDA(x) | 11.53 | 10.81 | 10.64 | 15.02 | 10.36 | 4.7 | 9.44 | 15.64 | 11.55 | 19.11 | 23.23 |
| Net Sales Growth(%) | 26.4 | 24.1 | -15.77 | 25.91 | 19.22 | -28.12 | 6.54 | 25.68 | 44.5 | 8.16 | 8.71 |
| EBIT Growth(%) | 16.93 | 22.13 | -12.26 | 32.27 | 24.05 | -24.58 | -26.21 | 50.69 | 41.7 | 7.25 | 10.62 |
| PAT Growth(%) | 0.02 | 31.35 | -7.16 | 23.23 | 18.57 | -19.86 | -33.92 | 105.92 | 59.57 | -23.51 | 6.22 |
| EPS Growth(%) | 10.29 | 19.43 | -4.83 | 39.76 | 8.89 | -217.83 | 125.1 | 263.45 | 48.25 | -20.14 | 12.41 |
| Debt/Equity(x) | 1.08 | 0.96 | 0.88 | 0.98 | 0.57 | 0.55 | 0.42 | 0.29 | 0.35 | 0.18 | 0.61 |
| Current Ratio(x) | 1.09 | 1.05 | 1.1 | 1.13 | 1.35 | 1.31 | 1.44 | 1.53 | 1.25 | 1.8 | 0.86 |
| Quick Ratio(x) | 0.77 | 0.71 | 0.67 | 0.68 | 0.94 | 0.97 | 1.06 | 1.06 | 0.8 | 1.32 | 0.56 |
| Interest Cover(x) | 3.84 | 4.95 | 5.33 | 5.81 | 5.66 | 5.24 | 4.11 | 7.52 | 8.06 | 6.4 | 5.89 |
| Total Debt/Mcap(x) | 0.26 | 0.25 | 0.28 | 0.19 | 0.22 | 0.41 | 0.2 | 0.08 | 0.11 | 0.03 | 0.1 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 64.84 | 64.84 | 64.84 | 64.84 | 64.84 | 64.84 | 64.84 | 64.84 | 64.84 | 64.84 |
| FII | 3.71 | 5.06 | 6.06 | 7.6 | 7.97 | 8.32 | 8.82 | 8.71 | 9.08 | 8.79 |
| DII | 16.83 | 20.61 | 20.65 | 18.88 | 18.44 | 18.49 | 18.18 | 18.53 | 18.45 | 18.84 |
| Public | 14.62 | 9.48 | 8.45 | 8.67 | 8.75 | 8.35 | 8.15 | 7.92 | 7.64 | 7.53 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 15.5 | 15.5 | 15.5 | 15.5 | 15.5 | 15.5 | 15.5 | 15.5 | 15.5 | 15.5 |
| FII | 0.89 | 1.21 | 1.45 | 1.82 | 1.91 | 1.99 | 2.11 | 2.08 | 2.17 | 2.1 |
| DII | 4.02 | 4.93 | 4.94 | 4.51 | 4.41 | 4.42 | 4.35 | 4.43 | 4.41 | 4.5 |
| Public | 3.49 | 2.27 | 2.02 | 2.07 | 2.09 | 2 | 1.95 | 1.89 | 1.83 | 1.8 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 23.91 | 23.91 | 23.91 | 23.91 | 23.91 | 23.91 | 23.91 | 23.91 | 23.91 | 23.91 |
* The pros and cons are machine generated.
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