MINDACORP

Minda Corporation Limited

Auto components including wiring harnesses and security systems

Consumer Discretionary›Automobile and Auto Components›Auto Components›Auto Components & Equipments

sparkminda.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹649.85
Market cap
15,538 Cr
Stock P/E
31.0
P/B
5.88
Dividend yield
0.2%
ROE (FY26)
13.6%
ROCE (FY26)
15.2%
Operating margin (FY26)
7.9%
Debt / equity (FY26)
0.46
OCF / EBITDA (FY26)
93.7%
OCF / EBITDA (3Y)
83.2%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Minda Corporation (part of the Spark Minda group) makes wiring harnesses, vehicle access systems, die-cast parts and instrument clusters for makers of two- and three-wheelers, commercial vehicles and passenger vehicles, and also sells to the aftermarket.

Company snapshot

21stBy market cap

Ranked among 94 companies in Auto Components & Equipments.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales1,196 Cr1,166 Cr1,215 Cr1,192 Cr1,290 Cr1,253 Cr1,321 Cr1,386 Cr1,535 Cr1,560 Cr1,704 Cr1,846 Cr
Operating expenses (approx.)1,065 Cr1,036 Cr1,076 Cr1,061 Cr1,143 Cr1,109 Cr1,168 Cr1,230 Cr1,357 Cr1,377 Cr1,500 Cr1,635 Cr
EBITDA131 Cr130 Cr139 Cr132 Cr147 Cr144 Cr153 Cr156 Cr178 Cr184 Cr203 Cr212 Cr
OPM %11.0%11.1%11.4%11.1%11.4%11.5%11.6%11.3%11.6%11.8%11.9%11.5%
Other income2 Cr2 Cr10 Cr8 Cr12 Cr9 Cr3 Cr3 Cr3 Cr3 Cr6 Cr2 Cr
Interest15 Cr14 Cr12 Cr10 Cr11 Cr12 Cr35 Cr33 Cr31 Cr29 Cr30 Cr31 Cr
Depreciation41 Cr42 Cr44 Cr46 Cr51 Cr50 Cr57 Cr56 Cr57 Cr58 Cr59 Cr69 Cr
Profit before tax77 Cr78 Cr93 Cr86 Cr100 Cr91 Cr75 Cr84 Cr110 Cr116 Cr155 Cr255 Cr
Tax %24.2%32.3%24.3%25.6%25.3%28.7%30.8%22.1%23.0%27.3%19.9%19.1%
Net profit59 Cr52 Cr71 Cr64 Cr74 Cr65 Cr52 Cr65 Cr85 Cr84 Cr124 Cr206 Cr
EPS (₹)₹2.50₹2.23₹3.01₹2.73₹3.16₹2.75₹2.21₹2.78₹3.60₹3.64₹5.29₹8.75

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,210 Cr2,635 Cr3,092 Cr2,813 Cr2,368 Cr2,976 Cr4,300 Cr4,651 Cr5,056 Cr6,185 CrSign in free for the trailing twelve months
Operating expenses (approx.)2,022 Cr2,362 Cr2,800 Cr2,563 Cr2,151 Cr2,681 Cr3,839 Cr4,137 Cr4,481 Cr5,464 CrSign in free for the trailing twelve months
EBITDA189 Cr273 Cr292 Cr250 Cr217 Cr295 Cr461 Cr514 Cr575 Cr721 CrSign in free for the trailing twelve months
OPM %8.5%10.3%9.5%8.9%9.2%9.9%10.7%11.1%11.4%11.7%Sign in free for the trailing twelve months
Other income41 Cr16 Cr36 Cr44 Cr33 Cr24 Cr16 Cr16 Cr32 Cr15 CrSign in free for the trailing twelve months
Interest27 Cr37 Cr49 Cr50 Cr36 Cr31 Cr41 Cr56 Cr67 Cr122 CrSign in free for the trailing twelve months
Depreciation58 Cr74 Cr88 Cr118 Cr94 Cr112 Cr138 Cr166 Cr204 Cr230 CrSign in free for the trailing twelve months
Profit before tax131 Cr191 Cr236 Cr-154 Cr84 Cr216 Cr289 Cr310 Cr352 Cr465 CrSign in free for the trailing twelve months
Tax %22.0%25.9%29.1%-29.4%37.1%11.1%1.4%26.8%27.4%22.9%Sign in free for the trailing twelve months
Net profit102 Cr142 Cr167 Cr-200 Cr53 Cr192 Cr285 Cr227 Cr255 Cr358 CrSign in free for the trailing twelve months
EPS (₹)₹4.88₹6.77₹7.62₹-8.98₹2.33₹8.16₹12.09₹9.65₹10.85₹15.31Sign in free for the trailing twelve months
Dividend payout %————13.3%8.0%9.2%13.4%12.9%9.9%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital42 Cr42 Cr45 Cr45 Cr48 Cr48 Cr48 Cr48 Cr48 Cr48 Cr
Reserves581 Cr696 Cr1,145 Cr930 Cr1,099 Cr1,282 Cr1,543 Cr1,933 Cr2,154 Cr2,596 Cr
Borrowings469 Cr590 Cr533 Cr427 Cr400 Cr506 Cr553 Cr348 Cr1,345 Cr1,212 Cr
Other liabilities464 Cr732 Cr734 Cr926 Cr783 Cr736 Cr1,081 Cr1,110 Cr1,336 Cr1,625 Cr
Total liabilities1,555 Cr2,059 Cr2,456 Cr2,328 Cr2,330 Cr2,572 Cr3,224 Cr3,439 Cr4,883 Cr5,495 Cr
Fixed assets (net)419 Cr588 Cr612 Cr529 Cr574 Cr720 Cr864 Cr1,050 Cr1,347 Cr1,446 Cr
CWIP73 Cr16 Cr21 Cr28 Cr18 Cr33 Cr85 Cr58 Cr65 Cr129 Cr
Investments126 Cr139 Cr165 Cr176 Cr180 Cr64 Cr451 Cr348 Cr1,476 Cr1,558 Cr
Loans & advances——2 Cr1 Cr0.75 Cr0 Cr0 Cr4 Cr5 Cr5 Cr
Inventories306 Cr448 Cr446 Cr395 Cr396 Cr479 Cr573 Cr527 Cr581 Cr710 Cr
Trade receivables374 Cr571 Cr546 Cr390 Cr442 Cr569 Cr641 Cr804 Cr828 Cr995 Cr
Cash & bank28 Cr19 Cr30 Cr95 Cr53 Cr71 Cr108 Cr152 Cr76 Cr103 Cr
Other assets230 Cr278 Cr633 Cr714 Cr665 Cr636 Cr501 Cr496 Cr507 Cr549 Cr
Total assets1,555 Cr2,059 Cr2,456 Cr2,328 Cr2,330 Cr2,572 Cr3,224 Cr3,439 Cr4,883 Cr5,495 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity48 Cr70 Cr209 Cr450 Cr86 Cr167 Cr598 Cr287 Cr544 Cr676 Cr
Cash from investing-170 Cr-200 Cr-402 Cr-137 Cr-193 Cr-7 Cr-640 Cr117 Cr-1,409 Cr-383 Cr
Cash from financing67 Cr122 Cr203 Cr-249 Cr65 Cr-143 Cr75 Cr-359 Cr789 Cr-267 Cr
Net cash flow-54 Cr-8 Cr11 Cr64 Cr-42 Cr18 Cr37 Cr45 Cr-76 Cr27 Cr
Free cash flow (OCF − Capex)-110 Cr-126 Cr89 Cr302 Cr-49 Cr58 Cr348 Cr35 Cr194 Cr281 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %14.5%17.2%16.5%-7.5%7.7%13.4%15.4%15.7%11.8%15.2%
ROE %16.4%19.2%14.1%-20.5%4.6%14.4%17.9%11.5%11.6%13.6%
Debtor days62796451687054636059
Inventory days87102899410210180696968
Days payable75101821211251201019499110
Cash conversion cycle74807223455133393017
OCF / EBITDA %25.6%25.6%71.6%180.2%39.4%56.6%129.6%55.8%94.7%93.7%
OCF / EBITDA % (3 years)——43.5%89.5%98.2%92.3%87.4%82.8%92.2%83.2%
Debt / equity0.750.800.450.440.350.380.350.180.610.46
Current ratio1.101.131.351.311.441.531.271.800.850.94
Net debt / EBITDA2.342.091.721.331.601.480.960.382.211.54