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Minda Corporation Limited (MINDACORP.NS)

INR675.30 +0.65 (+0.10%)
IN NSE Consumer Cyclical Auto - Parts
Address D-6-11, Sector-59 201301
Noida, IN
CEO Ashok Minda
IPO 2012-03-19
ISIN INE842C01021

Explore sections of this company profile

Also trades on Bombay Stock Exchange · MINDACORP.BO (INR) National Stock Exchange of India · MINDACORP.NS (INR)
Description

Minda Corporation Limited specializes in the production and sale of a wide array of automotive components and parts. Its extensive product catalog includes advanced electronic and mechanical security solutions, such as ignition switch-steering lock assemblies, smart key systems, mechatronic handles, and vehicle immobilizers. The company also manufactures high-precision die-cast components, including aluminum high-pressure die castings and compressor housings, as well as crucial electrical parts like starter motors and alternators. For information and connectivity within vehicles, Minda offers instrument clusters, intricate wiring harnesses, steering roll connectors, junction boxes, and a variety of sensors for parameters such as position, temperature, speed, and exhaust gas temperature. Its plastics and interiors division supplies items like air vents, glove boxes, center consoles, cup holders, ash trays, louvers, oil sumps, cylinder heads, and battery trays. Furthermore, the company provides a comprehensive range of aftermarket products, including filters, clutch plates, bearings, wiper blades, brake shoes and pads, locks, window regulators, and control cables. Minda is also actively developing products for electric vehicles, advanced connected systems, antenna technology, and surface mounting technology. The company's offerings cater to diverse segments, including two and three-wheelers, passenger vehicles, commercial vehicles, and off-road vehicles. With a global footprint, it conducts operations in India, other parts of Asia, Europe, North America, and South America. Founded in 1958, the Noida, India-based enterprise was previously known as Minda Switch Auto Pvt. Ltd. before rebranding to Minda Corporation Limited in 2007. It functions as a subsidiary of the Spark Minda, Ashok Minda Group.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR675.30 +0.65 (+0.10%)
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Volume Profile
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Liquidity & share structure
Average Volume
588.3K
Beta
0.42
Float Shares
76.47M
Free Float %
32.5%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+1.64% +14.46% +12.77% +3.93% -0.12% +3.63% +13.68% +109.60% +436.23% +407.64% +7,832.67%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
675.30
DCF (Unlevered) 521.02 -22.8%
DCF (Levered) 650.14 -3.7%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 2 0
Buy 4 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
4.27
Safe zone
Piotroski F-Score
6 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
4 / 5
High
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
2 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Auto - Parts: +7.8%
    +24.6% Q1'26: +38.6% (vs Q1'25)
  • EPS growth Auto - Parts: +18.0%
    +41.1% Q1'26: +139.0% (vs Q1'25)
  • FCF margin FCF growth · Auto - Parts: +53.1%
    +5.2% Q1'26: +5.2% (vs Q1'25)
  • EBIT margin Auto - Parts: +7.5%
    +8.0% Q1'26: +8.5% (vs Q1'25)
  • ROIC Auto - Parts: +6.4%
    +9.5% Q1'26: +11.6% (vs Q1'25)
  • Share dilution Auto - Parts: +0.0%
    0.0% Q1'26: +0.2% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Auto - Parts: 0.27×
    2.04× Q1'26: 1.81× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.37) × ERP
WACC = 91% × Ke + 9% × Kd (8.3%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 542.72 Current price: 675.30
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2016
actual
Mar 2017
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
5 Rev. Ana.
4 EPS Ana.
Mar 2027
4 Rev. Ana.
4 EPS Ana.
Mar 2028
6 Rev. Ana.
6 EPS Ana.
Mar 2029
2 Rev. Ana.
1 EPS Ana.
Revenue
24.16B
est: 25.47B (-5.1%)
20.36B
est: 29.33B (-30.6%)
25.62B
est: 28.72B (-10.8%)
30.57B
est: 30.98B (-1.3%)
21.86B
est: 27.16B (-19.5%)
23.00B
est: 22.58B (+1.9%)
29.27B
est: 28.84B (+1.5%)
42.28B
est: 42.74B (-1.1%)
45.80B
est: 47.69B (-4.0%)
49.65B
est: 50.90B (-2.5%)
60.37B
59.66B – 61.03B
+18.6% YoY
70.92B
68.24B – 73.81B
+17.5% YoY
80.36B
79.74B – 80.99B
+13.3% YoY
96.26B
92.62B – 100.18B
+19.8% YoY
EBITDA
2.54B
est: 2.47B (+2.9%)
2.14B
est: 2.21B (-3.2%)
3.01B
est: 1.50B (+101.3%)
3.70B
est: 2.62B (+41.4%)
2.97B
est: 2.71B (+9.4%)
2.47B
est: -601.95M (+510.5%)
3.49B
est: -735.45M (+574.1%)
4.74B
est: -803.96M (+689.3%)
5.28B
est: 5.58B (-5.3%)
6.04B
est: 5.99B (+0.9%)
7.06B
6.98B – 7.14B
+18.0% YoY
8.30B
7.98B – 8.63B
+17.5% YoY
9.40B
9.33B – 9.47B
+13.3% YoY
11.26B
10.83B – 11.72B
+19.8% YoY
EBIT
1.80B
est: 1.74B (+3.4%)
1.56B
est: 1.95B (-19.8%)
2.27B
est: 1.37B (+66.5%)
2.82B
est: 2.17B (+29.7%)
2.10B
est: 1.98B (+6.1%)
1.54B
est: 1.20B (+28.4%)
2.37B
est: 1.46B (+62.1%)
3.36B
est: 1.60B (+110.3%)
3.63B
est: 3.81B (-4.8%)
4.00B
est: 4.09B (-2.2%)
4.82B
4.77B – 4.88B
+18.0% YoY
5.67B
5.45B – 5.90B
+17.5% YoY
6.42B
6.37B – 6.47B
+13.3% YoY
7.69B
7.40B – 8.00B
+19.8% YoY
Net Income
1.07B
est: 1.22B (-12.0%)
1.02B
est: 1.26B (-18.9%)
1.43B
est: 981.30M (+45.4%)
1.69B
est: 1.53B (+10.4%)
-2.00B
est: 1.51B (-232.0%)
528.00M
est: -1.50B (+135.1%)
1.92B
est: -1.84B (+204.4%)
2.85B
est: -2.01B (+241.6%)
2.27B
est: 2.46B (-7.7%)
2.55B
est: 3.19B (-19.8%)
3.21B
3.15B – 3.27B
+0.7% YoY
4.40B
3.86B – 5.10B
+37.0% YoY
5.55B
4.60B – 6.17B
+26.3% YoY
6.92B
6.36B – 7.05B
+24.6% YoY
SGA
4.55B
est: 4.06B (+12.0%)
4.11B
est: 7.43B (-44.7%)
4.80B
est: 5.40B (-11.1%)
5.54B
est: 7.16B (-22.5%)
3.66B
est: 4.55B (-19.6%)
3.90B
est: 2.68B (+45.3%)
4.83B
est: 3.28B (+47.3%)
6.44B
est: 3.58B (+79.6%)
7.46B
est: 7.11B (+5.0%)
8.08B
est: 7.63B (+6.0%)
9.00B
8.89B – 9.10B
+18.0% YoY
10.57B
10.17B – 11.00B
+17.5% YoY
11.98B
11.88B – 12.07B
+13.3% YoY
14.35B
13.80B – 14.93B
+19.8% YoY
EPS
5.12
est: 5.10 (+0.4%)
4.88
est: 4.60 (+6.1%)
6.82
est: 7.47 (-8.7%)
7.70
est: 7.58 (+1.7%)
-8.98
est: 6.53 (-237.5%)
2.33
est: 3.67 (-36.6%)
8.16
est: 6.25 (+30.5%)
12.10
est: 9.97 (+21.4%)
9.66
est: 10.47 (-7.7%)
10.85
est: 13.30 (-18.4%)
13.40
13.17 – 13.67
+0.8% YoY
17.60
16.13 – 21.34
+31.3% YoY
21.90
19.25 – 25.80
+24.4% YoY
28.00
26.62 – 29.48
+27.9% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-26 B+ 3/5 4/5 4/5 5/5 2/5 2/5 1/5
2026-05-25 B+ 3/5 4/5 4/5 5/5 2/5 2/5 1/5
2026-05-22 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-21 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-20 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-19 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-18 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-15 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-14 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-13 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-12 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-11 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-08 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-07 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-06 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-05 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-04 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-30 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-29 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-28 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-27 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-24 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-23 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-22 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-21 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-20 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-17 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-16 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
1.16B
OE per share TTM
4.83
Owner's Yield
0.82%
Maintenance CapEx ratio
75.48%
Maint CapEx / Avg PPE
25.5%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
1.47M
Shares Outstanding
235.36M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Ashok Minda Executive Chairman & Group Chief Executive Officer 122M male
Naresh Kumar Modi Chief Executive Officer of MIL, SMAD & Uzbekistan and Executive Director 26M male
Aakash Minda Executive Director 25M male
C. Jayan Chief Technology Officer of Interior Plastic Division male
D. Suresh Group Chief Technology Officer & Chief Executive Officer of Spark Minda Technical Centre male
Pardeep Mann Company Secretary & Compliance Officer male
Ranjit Nambiar Chief Executive Officer of Interior Plastic Division male
Sumit Doseja Chief Executive Officer of Mechatronics & Vehicle Access System male
Ajay Agarwal Group CFO, Group Chief Risk Officer and President of Finance & Strategy male
Ajay Kumar Singhroha Group Chief Human Resources Officer male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits