Minda Corporation share price
NSE: MINDACORPBSE: 538962Auto ComponentsSmall Cap
Share price at the NSE close on 29 Oct 2026. Previous close ₹629.75.
29 Oct: open ₹630.00, high ₹647.95, low ₹623.50
- Next results date: the board meets on 3 Nov 2026 to consider: financial results. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹15,319 Cr468th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 30.58
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by core profit: the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, less one-off items (exceptional items and the result of businesses sold or closed). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes ₹123 crore of one-off items, the largest of them in the quarter to Jun 2026.
- 40.48
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 5.80
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.22%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 20.7%
- ROE without one-offsReturn on equity without one-off items. Core profit, the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes ₹123 crore of one-off items, the largest of them in the quarter to Jun 2026.
- 15.6%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 13.8%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.46
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 4,74,99562.6% delivered
About Minda Corporation
Minda Corporation Limited, part of the Spark Minda Group, makes automotive parts and systems: locksets, wiring harnesses, instrument clusters, die-castings (metal parts cast in moulds), starter motors, alternators and battery chargers.123 It supplies vehicle makers and their suppliers across two-wheelers, three-wheelers, passenger vehicles, commercial and off-road vehicles in India, Southeast Asia (ASEAN), Japan and Europe, and sells replacement parts through dealers across India.12
It reports its business in 6 verticals: vehicle access systems, electrical distribution systems, driver information systems, lightweighting and plastics (lighter parts that cut vehicle weight), electric vehicle systems and electronics, and powertrain (the parts that turn engine or motor power into motion).1 Incorporated in 1985 and headquartered in Noida, it counts 42 manufacturing plants, including those of Flash Electronics, most in Indian automotive clusters such as Pune, Pantnagar, Gurugram, Noida, Bawal and Chennai, with operations in Indonesia and Vietnam and a design centre in Japan.134 It employs over 23,000 people, including more than 1,000 engineers, and by its earnings call of 13 Aug 2026 had filed 335 patents, 150 of them granted.56
Its joint ventures (businesses owned with a partner) and technology partners include Toyodenso of Japan for advanced switches, formed in June 2025, HCMF for sunroofs and power lift gates, and VAST for vehicle access systems.789 At Jun 2026, promoters held 64.8% of the shares; Ashok Minda is chairman and group CEO, and Minda Capital Private Limited is one of the promoters.10119
Minda Corporation key points
Results
- In the quarter to Jun 2026, consolidated revenue, now including Minda Vast, was a record ₹1,846 crore, up 33.2%; EBITDA (earnings before interest, tax, depreciation and amortisation) was a record ₹212 crore at an 11.5% margin, the first quarter above ₹200 crore.121314
- In the quarter to Jun 2026, consolidated profit after tax was ₹206 crore against ₹65 crore a year earlier, including a one-off gain of ₹106 crore from consolidating Minda Vast.1513
- In the year to Mar 2026, consolidated revenue was a record ₹61,853 million, up 22.3%, with EBITDA of ₹7,211 million at an 11.7% margin; profit after tax rose 40.3% to a record ₹3,583 million.1617
Revenue mix
- Share of revenue by product18
Item quarter to Jun 2026 Wiring harnesses 32% Vehicle access 25% Instrument clusters 16% Die-castings 15% Others 12% - Share of revenue by vehicle type1920
Item quarter to Jun 2026 Two- and three-wheelers 46% Commercial vehicles, including off-highway and tractors 27% Passenger vehicles 19% Replacement parts (aftermarket) 8% - Electric vehicle products were close to 10% of revenue in the quarter to Jun 2026; the company said this had grown by 40% on a year earlier.21
- India accounted for 89% of revenue in the quarter to Jun 2026, as a year earlier.22
Flash Electronics stake
- Minda Corporation holds 49% of Flash Electronics, bought in January 2025, a maker of magnetos, alternators, on-board chargers and EV power electronics whose profit share, not revenue, enters Minda's consolidated results.2324
- Flash's revenue was ₹1,803 crore in the year to Mar 2026, with EBITDA of ₹310 crore and profit after tax of ₹137 crore; in the quarter to Jun 2026 it rose 42% to ₹533 crore.2526
- On its earnings call of 13 Aug 2026, the company said it targets Flash revenue growth of 20% to 24%, and expects a Flash margin of 16% to 17% on a longer-term basis.2728
Plants and capacity
- Group capacity utilisation was about 77% to 80%, varying by plant and product line, the company said on its earnings call of 13 Aug 2026.29
- As of its annual report of 29 Jul 2026, a fifth die-casting plant in Pune and an instrument cluster plant were being commissioned and a wiring harness plant was being built on the Yamuna Expressway.3031
- The company stated in its annual report for the year to Mar 2026 that it plans about ₹20,000 million of organic capital spending over the 5 years to Mar 2030; it spent over ₹4,130 million in the year to Mar 2026.32
Order book
- New lifetime orders (the value of supplies expected over the life of the vehicle models) were about ₹2,500 crore in the quarter to Jun 2026, over 15% of them for electric vehicles.33
- In the year to Mar 2026, new lifetime orders came to about ₹1,00,000 million, about 20% of them export orders.34
- As of its annual report of 29 Jul 2026, the Toyodenso switch venture held lifetime orders above ₹10,000 million and was developing a Noida plant; the HCMF sunroof venture held a ₹3,500 million lifetime order from an Indian carmaker and was commissioning a Pune plant.35
What the company expects
- The company stated in its annual report for the year to Mar 2026 that it targets, for the year to Mar 2030, consolidated revenue above ₹1,75,000 million, an EBITDA margin above 12.5% and exports of ₹15,000 million.36
- On its earnings call of 13 Aug 2026, the company said it aims for an EBITDA margin of 11.5% to 12% for the rest of the year to Mar 2027.37
Recent events
- On 12 Oct 2026, the company agreed to buy 26% of Sunsure Solarpark Sixteen, a solar power company, for up to ₹57.75 lakh to reduce its power costs.3839
- On 30 May 2026, a fire broke out at the company's Noida plant, injuring no one; its filing of 31 May 2026 said the damage was being assessed.4041
- On 24 Apr 2026, CRISIL upgraded the rating (an opinion on the ability to repay debt) of the company's long-term bank facilities to AA/Stable from AA-/Positive.42
- On 9 Mar 2026, its subsidiary Spark Minda Green Mobility Systems agreed a 49:51 joint venture with Turntide Drives of the UK for motor controllers, axial flux motors and thermal pumps.438
Litigation and regulatory matters
- An income tax order dated 28 Mar 2026 for the year to Mar 2023 demanded ₹67,09,06,417, including ₹17,75,92,875 of interest; in its filing of 29 Mar 2026, the company said it intended to contest it.4445
- A GST order of Mar 2026 confirmed a ₹4,75,88,732 demand on subsidiary Minda Instruments for the years to Mar 2020 and Mar 2021, plus an equivalent amount of penalty and interest as applicable; on 31 Mar 2026, the company said the subsidiary intended to appeal.46
Last updated
All 46 sources, each with its page
- 1. Annual report, 29 Jul 2026, page 81
- 2. Annual report, 29 Jul 2026, page 170
- 3. Annual report, 29 Jul 2026, page 82
- 4. Annual report, 29 Jul 2026, page 45
- 5. Earnings call, 13 Aug 2026, page 6
- 6. Annual report, 29 Jul 2026, page 17
- 7. Annual report, 29 Jul 2026, page 18
- 8. Annual report, 29 Jul 2026, page 44
- 9. Annual report, 29 Jul 2026, page 106
- 10. Investor presentation, 13 Aug 2026, page 18
- 11. Annual report, 29 Jul 2026, page 4
- 12. Earnings call, 13 Aug 2026, page 6
- 13. Investor presentation, 13 Aug 2026, page 11
- 14. Earnings call, 13 Aug 2026, page 5
- 15. Earnings call, 13 Aug 2026, page 7
- 16. Annual report, 29 Jul 2026, page 15
- 17. Annual report, 29 Jul 2026, page 91
- 18. Earnings call, 13 Aug 2026, page 8
- 19. Earnings call, 13 Aug 2026, page 8
- 20. Investor presentation, 13 Aug 2026, page 8
- 21. Earnings call, 13 Aug 2026, page 5
- 22. Investor presentation, 13 Aug 2026, page 8
- 23. Annual report, 29 Jul 2026, page 87
- 24. Annual report, 29 Jul 2026, page 88
- 25. Investor presentation, 13 Aug 2026, page 9
- 26. Earnings call, 13 Aug 2026, page 8
- 27. Earnings call, 13 Aug 2026, page 10
- 28. Earnings call, 13 Aug 2026, page 11
- 29. Earnings call, 13 Aug 2026, page 12
- 30. Annual report, 29 Jul 2026, page 45
- 31. Annual report, 29 Jul 2026, page 99
- 32. Annual report, 29 Jul 2026, page 84
- 33. Investor presentation, 13 Aug 2026, page 5
- 34. Annual report, 29 Jul 2026, page 90
- 35. Annual report, 29 Jul 2026, page 44
- 36. Annual report, 29 Jul 2026, page 99
- 37. Earnings call, 13 Aug 2026, page 12
- 38. Exchange filing, 12 Oct 2026, page 1
- 39. Exchange filing, 12 Oct 2026, page 2
- 40. Exchange filing, 31 May 2026, page 1
- 41. Exchange filing, 31 May 2026, page 2
- 42. Exchange filing, 24 Apr 2026, page 1
- 43. Annual report, 29 Jul 2026, page 106
- 44. Exchange filing, 29 Mar 2026, page 1
- 45. Exchange filing, 29 Mar 2026, page 2
- 46. Exchange filing, 31 Mar 2026, page 1
Results
Consolidated; ₹ crore.Minda Corporation quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +26.6%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +95.3%
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹1,846 Crup 8.36%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹206 Crup 66.33%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 11.2%
Revenue by quarter
Net profit by quarter, a loss in red
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,290 | 1,253 | 1,321 | 1,386 | 1,535 | 1,560 | 1,704 | 1,846 |
| Net profit | 74 | 65 | 52 | 65 | 85 | 84 | 124 | 206 |
| Net margin | 5.8% | 5.2% | 3.9% | 4.7% | 5.5% | 5.4% | 7.3% | 11.2% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹6,185 Crup 22.33%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹358 Crup 40.27%
- Net margin
- 5.8%
Revenue by year
Net profit by year, a loss in red
- Net profit
- Loss
The years either side of a change of basis do not compare. From the year to Mar 2021, the company reports a discontinued business.
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,962 | 2,635what Revenue, Mar 2018, includes. This period's revenue includes excise duty of ₹42 crore, a tax on the goods the company makes that it collects and pays to the government. | 3,092 | 2,813 | 2,368 | 2,976 | 4,300 | 4,651 | 5,056 | 6,185 |
| Net profit | 96 | 142 | 167 | −200 | 53 | 192 | 285 | 227 | 255 | 358 |
| Net margin | 3.2% | 5.4% | 5.4% | −7.1% | – | 6.4% | 6.6% | 4.9% | 5.1% | 5.8% |
Business segments
In the year to Mar 2026 the company reports one business segment, Automotive, which carries all its revenue.
Valuation
Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2021: days before it are of the company before the change.Minda Corporation PE ratio and valuation
At or below today's level on 69% of 1,989 trading days since Dec 2016.
At or below today's level on 83% of 1,899 trading days since Nov 2018.
At or below today's level on 4% of 2,449 trading days since Dec 2016.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −6.0% | +41.1% | −33.6% | 0.3% |
| 3 years | +33.2% | +8.2% | +22.9% | 0.3% |
| 5 years | +38.5% | +46.8% | −5.9% | 0.4% |
Mutual fund holdings
72 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 39 of the 44 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.All 72 funds holding Minda Corporation
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 2
- AddedAdded. Funds that held more shares than at the end of the month before.
- 14
- CutCut. Funds that held fewer shares than at the end of the month before.
- 30
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 26
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 3
| Fund | |||
|---|---|---|---|
| 66,07,215 | 2.39% | ₹457.8 Cr | |
| 57,69,277 | 1.30% | ₹399.7 Cr | |
| 33,40,058 | 1.41% | ₹231.4 Cr | |
| 29,81,058 | 3.10% | ₹206.5 Cr | |
| 27,32,356 | 1.58% | ₹189.3 Cr | |
| 23,49,365 | 1.66% | ₹162.8 Cr | |
| 16,69,864 | 1.91% | ₹115.7 Cr | |
| 13,32,624 | 1.51% | ₹92.3 Cr | |
| 11,24,450 | 1.41% | ₹77.9 Cr | |
| 10,61,707 | 1.45% | ₹73.6 Cr |
Promoter and insider buying and selling
Trades made since 29 Oct 2025.Minda Corporation insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Others: no market trade · 3 pledge filings of unclear kind
Minda Corporation competitors and peers
Auto Components & Equipments, 155 listed companies, priced on 29 Oct 2026. The table lists the 8 companies closest to Minda Corporation in market cap.Automobile companies
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 22,517 | 35.60 | 4.95 | +17.2% | +14.2% | 14.7% | 15.4% | 0.75% | |
| 20,782 | 36.87 | – | +35.2% | +7.4% | 21.3% | 15.7% | 0.22% | |
| 20,344 | 40.14 | – | – | – | 12.8% | 12.0% | 0.26% | |
| 17,276 | 28.76 | 14.43 | – | – | 50.2% | 69.4% | 0.00% | |
| 14,146 | – | 31.49 | – | – | – | – | 0.00% | |
| 14,030 | 38.68 | 9.99 | +32.8% | +71.5% | 29.5% | 22.4% | 0.27% | |
| 13,469 | 14.44 | 1.74 | +12.4% | +15.3% | 12.7% | 13.6% | 1.97% | |
| 12,887 | 13.98 | 1.59 | +12.7% | +7.2% | 11.9% | 10.9% | 1.51% |
Dividends
Per share, by the year it was paid for, and the latest payments.Minda Corporation dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 14 Aug 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹0.80 |
| 13 Feb 2026 | Interim | ₹0.60 |
| 14 Aug 2025 | Final | ₹0.90 |
| 12 Feb 2025 | Interim | ₹0.50 |
| 7 Aug 2024 | Final | ₹0.90 |
| 14 Feb 2024 | Interim | ₹0.50 |
Latest announcements
Routine notices left out.Minda Corporation announcements
Oct 2026
28 Oct · Analysts
26 Oct · Board meeting
14 Oct
12 Oct · Disclosure of material issue
5 Oct
Sep 2026
29 Sep · Announcement under Regulation 30 (LODR)-Issue of Securities
Minda Corporation share price by year
Each calendar year to 2025.Minda Corporation share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 574.10 | +17.3% | 607.60 | 458.80 |
| 2024 | 489.50 | +26.7% | 632.30 | 375.90 |
| 2023 | 386.25 | +88.8% | 401.05 | 192.70 |
| 2022 | 204.55 | +21.3% | 271.20 | 167.75 |
| 2021 | 168.60 | +88.0% | 177.75 | 85.70 |
| 2020 | 89.70 | −10.6% | 117.15 | 53.45 |
| 2019 | 100.35 | −32.1% | 154.85 | 66.75 |
| 2018 | 147.70 | −31.1% | 216.75 | 109.45 |
| 2017 | 214.35 | +141.7% | 219.35 | 88.30 |
| 2016 | 88.70 | −8.4% | 138.05 | 86.60 |
Recent sessions
The 9 trading days to 28 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 28 Oct 2026 | 608.35 | 640.45 | 597.95 | 629.75 | 628.65 | 2,73,856 | 44.6% |
| 27 Oct 2026 | 592.95 | 613.85 | 592.95 | 609.85 | 609.13 | 1,04,988 | 51.9% |
| 26 Oct 2026 | 593.50 | 601.40 | 586.00 | 594.35 | 593.86 | 2,86,015 | 63.6% |
| 23 Oct 2026 | 606.95 | 608.65 | 580.00 | 600.65 | 591.08 | 3,48,772 | 46.6% |
| 22 Oct 2026 | 601.50 | 627.95 | 597.80 | 612.95 | 614.27 | 3,25,421 | 52.7% |
| 21 Oct 2026 | 633.70 | 633.75 | 602.15 | 608.45 | 610.92 | 2,25,078 | 57.0% |
| 19 Oct 2026 | 645.25 | 648.05 | 630.20 | 633.70 | 636.85 | 1,33,294 | 53.2% |
| 16 Oct 2026 | 640.85 | 654.50 | 635.25 | 649.85 | 645.09 | 1,08,288 | 62.3% |
| 15 Oct 2026 | 657.70 | 657.75 | 629.80 | 638.95 | 640.31 | 3,05,791 | 55.4% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Bonus shares and stock split history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 5 Jan 2015 | Bonus | 0.5000 | Holders received 1 bonus share for every 1 held. |
| 5 Jan 2015 | Split | 0.2000 | Each share became 5. |
| 27 Mar 2012 | Bonus | 0.5000 | Holders received 1 bonus share for every 1 held. |
Company details
- NSE symbol
- MINDACORP
- BSE code
- 538962
- ISIN
- INE842C01021
- Industry
- Auto Components
- Website
- www.sparkminda.com
- CIN
- L74899DL1985PLC020401
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1985
- Registered office
- A-15, Ashok Vihar, Phase - I, Delhi 110052, Delhi
- Share registrar
- Skyline Financial Services Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments