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Minda Corporation Limited

Minda Corporation Limited

NSE: MINDACORP
Auto PartsConsumer CyclicalMID CAPMCap ₹15.29k Cr
₹649.85₹10.90 (+1.71%)

Market Closed • NSE

Market cap₹15.29k Cr
Enterprise value₹16.39k Cr
P/E TTM31.02
Forward P/E27.97
P/B5.80
EPS TTM₹20.95
Forward EPS₹23.24
ROCE12.70%
D/E0.55
Dividend yield0.00%
Face value₹2.00
52W high₹769.00
52W low₹468.50
Price chart(1Y)
1Y Return:+1.99% (+₹12.65)
H: ₹769L: ₹629
1W-0.09%
1M-4.61%
3M-4.60%
6M+20.02%
1Y+11.46%
Today at a glance

Day range

₹635.25₹654.50

52 week range

₹468.50₹769.00
Volume108.3K0.52x 20D avg
Free float50.00%-48.30% volume

Minda Corporation Limited closed at INR649.85 (+1.71%) on volume 0.52x its 20-day average, trading 15.49% below its 52-week high.

Technical analysis
RSI (14)43.2Neutral (30–70)
MACDBEARISHBearish (Below signal)
ATR (14)₹19.31Moderate
SMA 20₹663.83BEARISH
SMA 50₹692.43BEARISH
SMA 100₹683.18BEARISH
SMA 200₹614.29BULLISH
CPR bottom₹643.77
Pivot₹642.17
CPR top₹640.56
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved +66.1% QoQ

2026-08-14

DIVIDEND Announced

Dividend - Re 0.80 Per Share

2026-02-13

DIVIDEND Announced

Interim Dividend - Re 0.60 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹1.47k Cr₹15.29k Cr9.62%≤ 33%PASS
Non-halal income ratio–₹6.19k Cr0.00%≤ 5%PASS
Illiquid assets ratio₹5.39k Cr₹5.50k Cr98.13%≥ 20%PASS
Receivables ratio–₹5.50k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E31.0226.80
Forward P/E27.97—
P/B5.802.70
EV/EBITDA—18.00
PEG—1.00
Earnings yield3.203.70
Growth & profitability
RevenuePAT
FY24PAT margin 4.90%
FY25PAT margin 5.10%
FY26PAT margin 5.80%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+7.00%
Revenue CAGR 5Y+6.20%
PAT CAGR 3Y+12.20%
PAT CAGR 5Y+9.70%
Operating margin7.74%
Net margin7.54%
Financial health & cash flow
Net debt₹1.37k CrModerate
Interest coverage4.00xEBIT / interest
CFO / PAT1.95x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹675.6 Cr
Capital expenditure–
Free cash flow₹281.2 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall65/100
Valuation50/100
Profitability65/100
Financial health80/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

High Cash Flow Conversion: CFO/PAT averaged 1.95x over last 3 years

Risks

Subject to cyclical raw material and macro industry pressures

Bull case

Market Leadership: Established operational scale in Auto Parts.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

70%47%23%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
26.81%Institutional holding
6.77%Public holding
5Periods available
0.00%Promoter pledged
92.14KShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
14 Aug 2026Dividend₹0.80 / share—14 Aug 2026
13 Feb 2026Dividend₹0.60 / share—13 Feb 2026
14 Aug 2025Dividend₹0.90 / share—14 Aug 2025
12 Feb 2025Dividend₹0.50 / share—12 Feb 2025
—Dividend₹0.90 / share—07 Aug 2024
14 Feb 2024Dividend₹0.50 / share—14 Feb 2024
—Dividend₹0.80 / share—21 Jul 2023
18 Feb 2023Dividend₹0.40 / share—17 Feb 2023
—Dividend₹0.70 / share—21 Jul 2022
16 Feb 2022Dividend₹0.30 / share—15 Feb 2022
—Dividend₹0.35 / share—01 Jul 2021
16 Feb 2021Dividend₹0.30 / share—15 Feb 2021
19 Feb 2020Dividend₹0.35 / share—17 Feb 2020
—Dividend₹0.45 / share—19 Sept 2019
23 Feb 2019Dividend₹0.25 / share—21 Feb 2019
—Dividend₹0.35 / share—19 Jul 2018
23 Feb 2018Dividend₹0.25 / share—22 Feb 2018
—Dividend₹0.30 / share—10 Aug 2017
02 Mar 2017Dividend₹0.20 / share—01 Mar 2017
—Dividend₹0.30 / share—14 Sept 2016
24 Feb 2016Dividend₹0.20 / share—23 Feb 2016
—Dividend₹0.20 / share—02 Sept 2015
02 Mar 2015Dividend₹0.20 / share—27 Feb 2015
06 Jan 2015Stock split1:1 split ratio—05 Jan 2015
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)55.02%+7.31% latest vs average
Highest delivery70.58%on 07 Oct
Average volume (20D)209.4KTrading-session average
Conviction trendStrengthening+7.31% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Titan Company Limited
Titan Company LimitedTITAN
Open analysis
₹3.94L68.510.34%₹21,356.00₹1,777.00+29.25%+62.88%
Maruti Suzuki India Limited
Maruti Suzuki India LimitedMARUTI
Open analysis
₹3.61L25.201.22%₹52,470.00₹3,447.00+35.92%-9.10%
Mahindra & Mahindra Limited
Mahindra & Mahindra LimitedM&M
Open analysis
₹3.51L17.781.15%₹41,959.00₹3,685.00+22.89%+6.81%
Eternal Limited
Eternal LimitedETERNAL
Open analysis
₹3.00L692.130.00%₹3,349.00₹585.00+38.79%-2.82%
Bajaj Auto Limited
Bajaj Auto LimitedBAJAJ-AUTO
Open analysis
₹2.86L24.741.44%₹17,243.72₹2,982.84+36.35%+34.94%
Eicher Motors Limited
Eicher Motors LimitedEICHERMOT
Open analysis
₹2.00L34.661.13%₹6,632.00₹1,463.00+31.54%+21.41%
TVS Motor Company Limited
TVS Motor Company LimitedTVSMOTOR
Open analysis
₹1.95L56.760.30%₹16,296.00₹1,058.00+33.46%+64.54%
Samvardhana Motherson International Limited
Samvardhana Motherson International LimitedMOTHERSON
Open analysis
₹1.70L38.550.31%₹35,244.00₹1,076.00+16.66%+77.56%
About Minda Corporation Limited
Minda Corporation Limited

Minda Corporation Ltd is one of the leading automotive component manufacturing companies in India with a pan-India presence and international footprint. It is the flagship company of Spark Minda, which was part of the erstwhile Minda Group.[1]

IndiaConsumer Cyclical

Questions investors ask
Is Minda Corporation Limited Shariah compliant?

Minda Corporation Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (9.62%) complies with AAOIFI threshold (≤ 33%).

What is Minda Corporation Limited's current valuation relative to peers?

Minda Corporation Limited trades at a P/E of 31.0x compared to the sector median of 26.8x, and a Price-to-Book of 5.8x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.55x. Interest coverage is 4x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 6.2% while net profit growth averaged 9.7%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.