MINDACORP · Minda Corporation Ltd · Auto & Truck Parts
MINDACORP · Minda Corporation Ltd · Auto & Truck Parts
As of 05 Nov close
52-week range
9.8% below 52-week high
52-week range: as of 05 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old
Revenue (latest Q)
₹1,846 Cr
Revenue YoY
PAT YoY
+215.5%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
6.6
P/S (TTM)
2.5
Sector P/E
27
Dividend yield
+0.2%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| MINDACORP (this stock) | 32.9 | 6.6 | +7.5% | +18.9% | 0.56 | +0.2% |
| Samvardhana Motherson International | 35.1 | 3.7 | +3.2% | +10.2% | 31.28 | +0.4% |
| Cummins India | 66.3 | 16.2 | +18.7% | +27.9% | 0 | +1.3% |
| Bosch | 49.9 | 9.4 | +11.2% | +15.9% | 0.01 | +0.6% |
Promoter
stable
FII
rising 1q
MF
14.74% (-0.41pp)
falling 1q
Insider trades
No insider trades in the last 12 months.
Bulk/block deals
No bulk/block deals in the last 12 months.
News timeline
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- unknownthehindubusinessline.com· 27 Aug 2026, 09:44 amNvidia surge lifts sentiment, but Nifty stays range-bound; HDFC Bank drags
- lowfinance.yahoo.com· 04 Aug 2026, 06:05 pmWhy the "Magnificent Seven" Trade Is Starting to Fracture, and Where You Should Invest Instead
- mediumcorporate actionthehindubusinessline.com· 22 Jul 2026, 10:03 amGabriel India shares slide 6% as company announces ₹3,166 crore dual acquisition deal
Concalls & investor presentations
AI-generatedKey takeaway: Minda Corporation Limited reported Q1 FY27 results with revenue of INR 1,846 crores, a 33.2% YoY increase, and EBITDA of INR 212 crores, up 35.4% YoY. The automotive industry saw strong growth, with two-wheelers up 23% YoY and EV adoption accelerating. Flash Electronics, a subsidiary, reported revenue of INR 533 crores, up 42% YoY, with an EBITDA margin of 15.4%. The company highlighted investments in EV and new product launches, including Spark Minda Green Mobility Solutions and Minda VAST integration. Management noted challenges from rising input costs and labor expenses but emphasized operational efficiency improvements. The company aims to achieve a 12.5% EBITDA margin by 2030 and reiterated its Vision 2030 goals. The discussion included updates on order books, capacity utilization, and strategic partnerships, with management addressing questions on growth drivers, margin pressures, and future initiatives. The earnings call concluded with management reaffirming confidence in long-term growth and strategic priorities.
The document highlights strong revenue and EBITDA growth, successful EV adoption, and strategic investments, with management expressing confidence in future performance.
Sourced from an exchange-filed transcript, dated 19 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: The investor presentation for Minda Corporation Limited reported on the audited financial results for the quarter ended June 30, 2026. The document highlighted that the company achieved its highest-ever quarterly revenue of ₹1,846 crores, reflecting a 33% year-on-year growth. EBITDA also reached a record of ₹212 crores, with a margin of 11.5%, expanding by 19 basis points year-on-year. The presentation noted strong demand across various vehicle segments, including two-wheelers, passenger vehicles, and electric vehicles, with the latter showing a 57% year-on-year growth. Additionally, the company filed seven new patents during the quarter, increasing its total to over 335. The document emphasized Minda's commitment to innovation and strategic partnerships to enhance its market position.
The presentation emphasized strong financial performance and growth across multiple segments.
Sourced from an exchange-filed presentation, dated 13 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: During the Q4 FY26 earnings conference call held on May 22, 2026, management reported that Minda Corporation achieved record-breaking performance, with the highest quarterly revenue of INR 1,704 crores, reflecting a 29% year-on-year growth. The EBITDA reached INR 203 crores, a 33% increase, while the PAT was INR 124 crores, marking a 40.3% growth for the full year. Management highlighted strong growth across all vehicle segments, particularly in 2-wheelers and tractors. The company also emphasized its strategic partnerships, including joint ventures with Turntide Technologies and Toyodenso, aimed at enhancing its electric mobility offerings. Management noted a focus on operational efficiencies and a commitment to long-term growth through investments in R&D and technology. A final dividend of 40% was proposed, bringing the total for the year to 70%. The call concluded with management expressing confidence in the company's growth trajectory and commitment to stakeholder value creation.
Management emphasized strong financial performance and growth initiatives.
Sourced from an exchange-filed transcript, dated 27 May 2026. Summary is RedixFi-generated and distinct from investment advice.
AI Summary of Annual Report
AI-generatedMinda Corporation Limited (MINDACORP) reported a record consolidated revenue of ₹61,853 million in FY2026, reflecting a 22.3% year-on-year growth. The company is transitioning from a component-led supplier to an integrated system solution provider, leveraging strategic partnerships and expanding its product portfolio. The auditor's report highlights key audit matters, including revenue recognition and estimates related to price variations. The company has no significant regulatory actions, defaults, or liquidity issues, and its internal financial controls are deemed adequate. The Board of Directors includes both executive and independent members, with no disqualifications noted.
- Record consolidated revenue of ₹61,853 million in FY2026, up 22.3% YoY.
- Transitioning to an integrated system solution provider with strategic partnerships.
- Key audit matters include revenue recognition and estimation of price variations.
- No defaults, regulatory actions, or liquidity issues reported.
- Board includes independent directors with no disqualifications noted.
Key takeaway: Minda Corporation Limited delivered strong financial performance in FY2026 with robust revenue growth, positioning itself as a systems solution provider, with no significant risks or compliance issues reported.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Regulatory Action (2 items)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Regulatory Action
2 occurrencesRecent (last 12 months)
The company received monetary penalties from BSE and NSE for non-compliance with SEBI Listing Regulations regarding board committee composition, amounting to ₹1,41,600 each, but both penalties were waived after the company's request.
Earlier (1-3 years ago)
The company received fines from stock exchanges, which were later waived after the company's request. The exchanges advised the company to comply strictly with regulations.
Routine disclosures
Contingent Liability
3 occurrencesRecent (last 12 months)
The company has a contingent liability of ₹671 million (including ₹178 million interest) from an income tax assessment order for the year 2023–2024, with an appeal filed but no provision made.
Earlier (1-3 years ago)
The company has given loans of 10 million and 100 million rupees to its subsidiary companies, with outstanding amounts as of March 31, 2025.
The company has contingent liabilities related to income-tax claims not acknowledged as debts as of March 31, 2024.
Related-Party Transaction
3 occurrencesRecent (last 12 months)
The Company entered into a Letter of Comfort (LOC) with a party, which resulted in a settlement requiring payment of ₹496 million (€5.5 million). The transaction was indemnified by the promoter entity, and the amount was later transferred to Daimler AG with Minda Capital returning the indemnified amount.
Earlier (1-3 years ago)
The company entered into a Letter of Comfort with a party, obtained an indemnity from the promoter entity, and settled the claim with a payment of Rs. 496 million, which is classified as a related-party transaction.
The company has a related party transaction with the promoter entity, which provided indemnification for a settlement amount deposited by the company as per court order, with the matter still sub-judice.
Statutory dues in dispute
3 occurrencesRecent (last 12 months)
MINDA CORPORATION LIMITED has outstanding statutory dues disputes, including income tax, GST, and customs duty, with amounts ranging from ₹0.14 million to ₹670.91 million, pending before various authorities such as Commissioner of Income Tax (Appeals) and Deputy Commissioner of State Tax.
Earlier (1-3 years ago)
The company has disputes with various authorities regarding statutory dues such as income tax, sales tax, and GST, with amounts in dispute ranging from Rs. in million, and these disputes are pending before various forums including Income Tax Appellate Tribunal (ITAT) and Commissioner of Income Tax (Appeals).
Minda Corporation Limited has disputes with various authorities regarding statutory dues such as income tax, sales tax, and GST, with amounts in dispute and pending before different forums like ITAT and Commissioner of Income Tax (Appeals).
Management & Board Governance
1 occurrenceRecent (last 12 months)
Mr. Vinod Raheja, the Group CFO, resigned on November 30, 2025.