Minda Corporation Limited (MINDACORP.NS)
Noida, IN
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.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +1.64% | +14.46% | +12.77% | +3.93% | -0.12% | +3.63% | +13.68% | +109.60% | +436.23% | +407.64% | +7,832.67% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
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.
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 2 | 0 |
| Buy | 4 | 0 |
| Hold | 0 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
-
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)
* 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.
| 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
|
| 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
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
ETF Ownership
This company is not held by any ETF in our universe.
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| 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 |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for MINDACORP.NS
Short-term intention
Target Price Distribution
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.

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