MINDACORP · NSE
Minda Corporation Limited
₹691.45
+1.50% (+₹10.2)
Prev. close
₹681.25
Volume
90,197
Delivery %
53.1%
As of
18 Sept 2026
Price history
Axis Securities Analysis · Axis Securities · 03 Sept 2026
“Axis Securities has set a target price of Rs 815 for Minda Corporation, implying a 14% upside from its previous close. Minda Corporation is a technology-driven manufacturer of automotive components and systems for domestic and global OEMs, and is the flagship company of the Spark Minda Group.”
Published mid-session at 10:48 IST. Tracking counts only prices printed after publication — the chart's dashed divider marks that moment; earlier prices never count toward entry or results.
Analyst sentiment
Analysts lean bullish
1 analyst stance · last 90 days · one per analyst
Trackable
1 · 1 bull / 0 neutral / 0 bear
Long-Horizon
none in window
Commentary
none in window
Trackable = verdict-bearing calls · Long-Horizon = 1yr+ horizon, verdict pending · Commentary = context, not graded
Analyst opinions
| Call | Analyst | Instrument | Verdict | Actions | |||
|---|---|---|---|---|---|---|---|
| “Axis Securities has set a target price of Rs 815 for Minda Corporation, implying a 14% upside from its previous close. M…” | Axis Securities AnalysisAxis Securities | Minda Corporation | PENDING | ||||
“Axis Securities has set a target price of Rs 815 for Minda Corporation, implying a 14% upside from its previous close. Minda Corporation is a technology-driven manufacturer of automotive components and systems for domestic and global OEMs, and is the flagship company of the Spark Minda Group.” Target ₹815Track opinion → This call hasn't reached its evaluation window yet — the verdict will appear here once it's graded. | |||||||
Fundamentals
About Minda Corporation Limited
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 high-voltage harness systems for internal combustion-engine and electric vehicle applications, as well as anchor vertical products for four-wheeler and two-wheeler segments; driver information systems instrument clusters, head-up displays, telematics devices, fleet management solutions, smart electronics, and software-defined cockpit components. It also provides lightweight and plastics aluminum die-castings, precision-machined components, and engineered plastics for passenger vehicles, commercial vehicles, two-wheelers, and the after-market; electric vehicle systems and electronic battery management systems, on board chargers, DC-DC converters, motor controllers, and EV-specific electronic architectures; and power train products, such as traction motors, motor controllers, vehicle control units, magnetos, alternators, regulator-rectifiers, and on-board chargers for two-wheelers, three-wheelers, passenger vehicles, and commercial vehicles. The company serves passenger and commercial vehicles, motorcycles and scooters, off-road vehicles, tier 1 manufacturers, and agricultural equipment customers, as well as original equipment manufacturers. It exports its products. The company was formerly known as Minda Switch Auto Pvt. Ltd. and changed its name to Minda Corporation Limited in 2007. Minda Corporation Limited was founded in 1958 and is based in Noida, India.
Details
Sector
Consumer Cyclical
Industry
Auto Parts
CEO
Mr. Ashok Minda
Headquarters
Noida
Employees
3,405
Website
sparkminda.comExchange
View on NSE ↗Key stats
Market cap
₹16,274.03 Cr
P/E ratio (TTM)
33.0
Dividend yield
0.23%
EPS (TTM)
₹20.98
Beta (1Y · daily vs NIFTY 50)
1.16
Beta (5Y · monthly vs NIFTY 50)
0.97
Shares float
7.65 Cr
EPS · quarter ended Jun 2026
₹8.62
Financial Performance
01 · Financials
FY21 growth needs FY20 filings, which the data source doesn't provide.
02 · Earnings Per Share (EPS)
03 · Dividend Profile
Growth compares completed fiscal-year dividend totals on the company's own calendar: April–March (Indian FY), taken from its reported period-ends. Payout ledger: NSE corporate actions.
04 · Operating Efficiency (Growth Rates)
Balance-sheet-based · pre-FY23 not filed in verifiable form
05 · Capital Structure & Asset Utilization
Pre-FY23 not filed in verifiable form
Asset turnover needs a prior year of assets — omitted for the earliest available year.
06 · Asset Base Composition
Pre-FY23 not filed in verifiable form
07 · Debt Level & Coverage
Pre-FY23 not filed in verifiable form
08 · Profit & Loss
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹2,367.94 Cr | ₹2,975.94 Cr | ₹4,300.14 Cr | ₹4,651.14 Cr | ₹5,056.22 Cr | ₹6,185.34 Cr | |
| EBITDA | ₹250.21 Cr | ₹351.45 Cr | ₹477.27 Cr | ₹530.14 Cr | ₹607.21 Cr | ₹734.90 Cr |
| ₹52.80 Cr | ₹191.88 Cr | ₹284.50 Cr | ₹227.22 Cr | ₹255.37 Cr | ₹360.26 Cr | |
| Diluted EPS | ₹2.25 | ₹8.01 | ₹11.89 | ₹9.49 | ₹10.68 | ₹15.07 |
09 · Balance Sheet
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹2,328.00 Cr | ₹2,567.00 Cr | ₹3,209.00 Cr | ₹3,427.00 Cr | ₹4,874.00 Cr | ₹5,487.00 Cr | |
| ₹527.70 Cr | ₹506.00 Cr | ₹713.10 Cr | ₹535.20 Cr | ₹1,609.50 Cr | ₹1,471.50 Cr | |
| Stockholders' equity | ₹1,142.00 Cr | ₹1,326.00 Cr | ₹1,586.00 Cr | ₹1,976.00 Cr | ₹2,198.00 Cr | ₹2,639.00 Cr |
Long-term debt, Current (short-term) debt, Others have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.
10 · Cash Flow Statement
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹86.00 Cr | ₹167.00 Cr | ₹387.00 Cr | ₹287.00 Cr | ₹544.00 Cr | ₹676.00 Cr | |
| Investing cash flow | ₹-193.11 Cr | ₹-7.27 Cr | ₹-428.10 Cr | ₹116.74 Cr | ₹-1,408.65 Cr | ₹-383.08 Cr |
| ₹65.16 Cr | ₹-142.51 Cr | ₹75.16 Cr | ₹-358.54 Cr | ₹788.52 Cr | ₹-267.20 Cr | |
| Capital expenditure | ₹-134.99 Cr | ₹-108.54 Cr | ₹-250.73 Cr | ₹-252.03 Cr | ₹-350.10 Cr | ₹-394.20 Cr |
| End cash position | ₹53.10 Cr | ₹70.80 Cr | ₹107.94 Cr | ₹152.07 Cr | ₹75.85 Cr | ₹102.77 Cr |
Debt issued, Debt repaid have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source has no quarterly cash-flow-statement coverage.
11 · Shareholding Pattern
NSE, quarterly
| Line item | Dec 20 | Sep 21 | Dec 21 | Mar 22 | Jun 22 | Sep 22–Mar 23(3Q) | Jun 23 | Sep 23 | Dec 23 | Mar 24–Dec 24(4Q) | Mar 25–Jun 25(2Q) | Sep 25–Jun 26(4Q) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 64.73% | 64.73% | 64.73% | 64.73% | 64.73% | 64.73% | 64.73% | 64.84% | 64.84% | 64.84% | 64.84% | 64.84% |
| Public | 33.35% | 33.47% | 33.50% | 33.51% | 33.56% | 33.59% | 33.63% | 33.51% | 33.53% | 33.57% | 33.59% | 33.60% |
| Employee trusts | 1.93% | 1.80% | 1.77% | 1.76% | 1.72% | 1.68% | 1.65% | 1.65% | 1.62% | 1.59% | 1.57% | 1.56% |
Source: NSE quarterly shareholding-pattern filings, collapsed to periods where the reported percentages held steady — a column spanning several quarters means no change was filed across them. No FII/DII sub-split available from this source — Public includes all non-promoter, non-employee-trust holders.
12 · Peer Comparison
Consumer Cyclical
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| Titan Company Limited | ₹4.36 L Cr | ₹4,841 | 75.4 | 27.74 | 32.3% | 1.95 | +44.8% | +37.4% |
| Maruti Suzuki India Limited | ₹3.88 L Cr | ₹12,103 | 27.0 | 3.62 | 13.7% | 0.00 | +20.1% | -23.5% |
| Mahindra & Mahindra Limited | ₹3.69 L Cr | ₹3,076.5 | 18.7 | 3.96 | 18.4% | 1.44 | +24.1% | -15.3% |
| Bajaj Auto Limited | ₹3.18 L Cr | ₹11,500 | 27.6 | 8.20 | 27.7% | 0.58 | +22.6% | +26.6% |
| ETERNAL LIMITED | ₹2.97 L Cr | ₹326.85 | 671.6 | 9.58 | 1.2% | 0.15 | +168.6% | -3.3% |
| Eicher Motors Limited | ₹2.06 L Cr | ₹7,516 | 35.7 | 8.20 | 22.0% | 0.02 | +23.9% | +8.5% |
| TVS Motor Company Limited | ₹1.95 L Cr | ₹4,171.3 | 55.9 | 20.38 | 31.6% | 3.43 | +29.2% | +17.6% |
| Hyundai Motor India Limited | ₹1.74 L Cr | ₹2,155 | 35.7 | 8.69 | 27.1% | 0.05 | +2.1% | -17.2% |
| Samvardhana Motherson International Limited | ₹1.70 L Cr | ₹162.57 | 38.9 | 4.16 | 9.4% | 0.47 | +11.1% | +49.2% |
| Tata Motors Limited | ₹1.63 L Cr | ₹442.9 | 37.9 | 12.81 | 23.8% | 0.44 | +44.3% | — |
| Trent Limited | ₹1.49 L Cr | ₹2,824 | 82.0 | 21.29 | 24.6% | 0.37 | +17.6% | -45.1% |
| Minda Corporation Limited | ₹16,033.96 Cr | ₹691.45 | 32.5 | 6.06 | 13.6% | 0.56 | +22.2% | +30.1% |
Ranked by market cap within Consumer Cyclical, same metrics as the Fundamentals screener. Click a column to sort.
Documents
Annual reports
Show all 21
Concall transcripts
Official documents linked from their sources — offer documents as filed with SEBI (sebi.gov.in), annual reports and earnings-call transcripts as published on BSE (bseindia.com) and NSE (nseindia.com). Links open the source's own hosting; nothing is re-hosted here.
Index membership
20 indices
NSE weights are a free-float market-cap-share estimate, not NSE’s own published (and sometimes capped) index weight. BSE weights are BSE’s own published index weight, not an estimate. Indices without weight data are listed without one, in alphabetical order after the weighted ones.