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Minda Corporation (MINDACORP) had a P/E of 30.5× on 6 Nov 2026, above the industry P/E of 25.6×. Sales and net profit grew 13% and 8.2% a year over 3 years, with ROCE of 15% and ROE of 20%. Debt is 0.55× equity, and its dividend yield is 0.2%. It is a small-cap company with a market cap of ₹16,773 Cr, ranked 22nd of 140 Auto Parts companies by market cap; the shares rose 17% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹685.15
Day high
₹717.00
Day low
₹677.05
Prev. close
₹693.85
Volume
3.5 L

Health check

1 good · 4 fair · 1 to check
  • ReturnsIn line

    +17.3% over a year, better than 4 of 7 peers.

  • Price tagPricier

    P/E 30.5 vs industry 25.6.

  • GrowthSteady

    Sales +12.8%, profit +8.2% a year over 3 years.

  • ProfitabilityAverage

    ROCE 14.9% vs peer median 15.6%.

  • Balance sheetFair

    Debt 0.55× equity, interest covered 4.3×, Piotroski 8 of 9.

  • Red flagsNone found

    No warning signs in the headline numbers.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Auto Parts

139 listed peers. Screen the industry

Small cap

₹16,773 Cr, #22 of 140 in its industry by size.

Defensive

Beta 0.53 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹7,300 Cr · profit ₹559 Cr
Market cap
₹16,773 Cr
Small cap
P/E
30.5
Industry 25.6
Price to book
5.64
Peers 8.75
Dividend yield
0.22%
ROE
20.0%
Peers 12.3%
ROCE
14.9%
Peers 15.6%
Debt to equity
0.55
Debt ₹1,712 Cr
EPS (TTM)
₹23.39
Face value ₹2
OPM (TTM)
11.7%
Net margin 7.7%
Sales growth
+42.6%
Latest quarter vs a year ago
Profit growth
+69.2%
Latest quarter vs a year ago
Price to sales
2.30
EV/EBITDA 23.1

Strengths and risks

Strengths

  • Return on equity of 20.0%.
  • Quarterly profit up 69.2% on a year ago.
  • Quarterly sales up 42.6% on a year ago.
  • Positive operating cash flow in each of the last 4 years.

No obvious red flags in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About Minda Corporation

Minda Corporation Limited manufactures and sells automobile components and parts in India, rest of Asia, America, Europe, and Africa. The company offers vehicle access systems, such as locksets, latches, hinges, security systems, smart key systems, and integrated access modules for two-wheelers, passenger vehicles, commercial vehicles, and off-highway equipment; electrical distribution systems, including wiring harnesses, terminals, connectors, and…

Headquarters
Noida
Employees
3,405
Sector
Consumer Cyclical
ISIN
INE842C01021
Website
sparkminda.com

Price range

52 weeks

₹468.50₹769.00

Today

₹677.05₹717.00
Avg volume (3M)
4.4 L
1-year return
plus 17.3%
From 52-week high
minus 7.3%

Analyst consensus

9 analysts
Strong buyMean target ₹808.56 plus 13.5%

Target range, with today’s price

Low ₹675.00High ₹900.00

Consensus from Yahoo Finance. Not a recommendation.

Peers · Auto Parts

Compare with peersScreen the whole industry
Company
MOTHERSONSamvardhana Motherson International158.55minus 5.62%1,68,54935.43.7011.5%10.2%9.6%17.1%37.2%0.32%plus 60.8%
BOSCHLTDBosch50,700.00minus 3.38%1,49,54554.219.5024.2%19.4%13.4%10.3%24.8%0.53%plus 38.6%
UNOMINDAUNO Minda1,326.00minus 0.67%76,57258.111.2120.5%19.1%11.0%20.5%22.3%0.22%plus 6.6%
SONACOMSSona BLW Precision Forgings900.00minus 1.67%56,26675.08.7513.2%11.9%23.2%18.8%17.4%0.40%plus 89.2%
SCHAEFFLERSchaeffler India3,519.70minus 1.17%55,01441.98.9725.7%20.2%17.9%12.3%9.4%0.99%minus 13.9%
MRFMRF1,25,295.00minus 0.50%53,13922.02.5315.6%12.3%15.1%10.6%46.7%0.19%minus 20.3%
BALKRISINDBalkrishna Industries2,410.00plus 0.34%46,58932.74.2513.8%11.6%21.1%3.6%5.5%0.71%plus 1.6%
MINDACORPMinda Corporation712.65plus 2.71%16,77330.55.6414.9%14.9%11.7%12.8%8.2%0.22%plus 17.3%
Median of 7 peers–−1.17%56,26641.98.7515.6%12.3%15.1%12.3%22.3%0.40%6.6%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Dec 25Mar 26Jun 26Sep 26
1,3861,5601,7041,8462,189
1,2301,3771,5001,6351,932
156184203212257
11.3%11.8%11.9%11.5%11.8%
3.33.45.61.63
32.828.629.531.534.6
56.157.758.768.868.5
–−4.12.7124–
70.796.5123237157
26.2%32.7%25.0%20.5%25.4%
65.385.7125206143
2.733.585.218.625.99

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+12.8%
Profit CAGR 3Y
+8.2%
EPS CAGR 3Y
+8.2%
ROE
20.0%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
4,2284,5804,9656,066
–+8.3%+8.4%+22.2%
3,7604,0504,3885,343
468531577723
11.1%11.6%11.6%11.9%
6.612.44.12.4
37.254.164.1116
138166204230
−0.6−14.623.23.6
299308336384
1.4%27.0%28.7%27.7%
285227255360
–minus 20.1%+12.4%+41.1%
11.899.4910.6815.07

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
52.552.552.552.5
1,5341,9232,1452,587
7135351,6101,472
9259281,0761,385
3,2243,4394,8835,495
9611,1331,4491,676
96.983.3102230
4025.47.88
13745888.1138
1,6261,7593,2363,443
3,2243,4394,8835,495

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
387287544676
−428117−1,409−383
74.3−358789−267
33.645.1−75.825.3
−251−252−350−394
13734.8194281
−26.3−30.5−33−35.5

Shareholding pattern

Source: NSE filings
64.8%
promoters
  • Promoters64.84%
  • Public33.60%
  • Employee trusts1.56%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202664.84%33.60%0.00
30 Jun 202664.84%33.60%0.00
31 Mar 202664.84%33.60%0.00
31 Dec 202564.84%33.60%0.00
30 Sep 202564.84%33.60%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you