Minda Corporation Ltd
Minda Corporation Ltd (MINDACORP) last reported results for the quarter ended Jun 2026, with sales of ₹1,846 crore and net profit of ₹206 crore. The stock last traded at ₹657, a market capitalisation of ₹15,718 crore, on a P/E of 39.0. Over the past 52 weeks the stock has ranged between ₹468 and ₹769. Figures are as of 6 Oct 2026 and are not real time.
Minda Corporation Ltd share price and key metrics
- Current price
- ₹657
- Market cap
- ₹15,718 cr
- Stock P/E
- 39.0
- Book value
- ₹110
- ROE
- 14.7%
- ROCE
- 12.7%
- Dividend yield
- 0.22%
- 52w high / low
- 769/468
Metrics as of 6 Oct 2026. Not real time.
Track Minda Corporation Ltd
Cruxal reads every Minda Corporation Ltd filing as it lands, scores what it means for the stock, and emails you the ones that matter. Free to start.
Minda Corporation Ltd growth and returns
- 10 Years
- 10%
- 5 Years
- 21%
- 3 Years
- 13%
- TTM
- 27%
- 10 Years
- 14%
- 5 Years
- 31%
- 3 Years
- 8%
- TTM
- 57%
- 10 Years
- 20%
- 5 Years
- 37%
- 3 Years
- 25%
- 1 Year
- 12%
- 10 Years
- 13%
- 5 Years
- 14%
- 3 Years
- 13%
- Last Year
- 15%
Minda Corporation Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹1,846 cr, up 33.2% from ₹1,386 cr a year earlier. Net profit was ₹206 cr, up 216.9% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,290 | 1,253 | 1,321 | 1,386 | 1,535 | 1,560 | 1,704 | 1,846 |
| Expenses | 1,143 | 1,109 | 1,168 | 1,230 | 1,357 | 1,377 | 1,500 | 1,635 |
| Operating profit | 147 | 144 | 153 | 156 | 178 | 184 | 203 | 212 |
| OPM % | 11% | 11% | 12% | 11% | 12% | 12% | 12% | 11% |
| Other income | 12 | 9 | 3 | 3 | 3 | -1 | 8 | 126 |
| Interest | 11 | 12 | 34 | 33 | 31 | 29 | 30 | 31 |
| Depreciation | 51 | 50 | 57 | 56 | 57 | 58 | 59 | 69 |
| Profit before tax | 96 | 90 | 65 | 71 | 93 | 97 | 123 | 237 |
| Tax % | 26% | 29% | 36% | 26% | 27% | 33% | 25% | 20% |
| Net profit | 74 | 65 | 52 | 65 | 85 | 84 | 124 | 206 |
| EPS (₹) | 3.11 | 2.71 | 2.18 | 2.73 | 3.54 | 3.58 | 5.21 | 8.62 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Minda Corporation Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,060 | 2,594 | 3,092 | 2,813 | 2,368 | 2,976 | 4,300 | 4,651 | 5,056 | 6,185 | 6,646 |
| Operating profit | 192 | 278 | 295 | 256 | 220 | 296 | 463 | 517 | 576 | 722 | 776 |
| OPM % | 9% | 11% | 10% | 9% | 9% | 10% | 11% | 11% | 11% | 12% | 12% |
| Net profit | 102 | 143 | 169 | -200 | 53 | 192 | 284 | 227 | 255 | 358 | 499 |
| EPS (₹) | 4.88 | 6.82 | 7.45 | -8.79 | 2.21 | 8.03 | 11.90 | 9.50 | 10.68 | 15.07 | 20.95 |
TTM is the trailing twelve months to the most recent quarter.
Minda Corporation Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 42 | 42 | 45 | 45 | 48 | 48 | 48 | 48 | 48 | 48 |
| Reserves | 580 | 694 | 1,145 | 925 | 1,094 | 1,278 | 1,538 | 1,928 | 2,150 | 2,591 |
| Borrowings | 549 | 728 | 685 | 625 | 532 | 511 | 718 | 540 | 1,614 | 1,476 |
| Other liabilities | 377 | 587 | 566 | 732 | 654 | 731 | 905 | 911 | 1,062 | 1,372 |
| Total liabilities | 1,548 | 2,051 | 2,442 | 2,327 | 2,328 | 2,567 | 3,209 | 3,427 | 4,874 | 5,487 |
| Fixed assets | 530 | 711 | 732 | 570 | 613 | 887 | 1,026 | 1,207 | 1,507 | 1,602 |
| CWIP | 74 | 16 | 21 | 28 | 18 | 32 | 85 | 63 | 85 | 158 |
| Investments | 126 | 139 | 165 | 176 | 180 | 64 | 451 | 348 | 1,476 | 1,558 |
| Other assets | 818 | 1,184 | 1,524 | 1,552 | 1,517 | 1,583 | 1,647 | 1,809 | 1,806 | 2,169 |
| Total assets | 1,548 | 2,051 | 2,442 | 2,327 | 2,328 | 2,567 | 3,209 | 3,427 | 4,874 | 5,487 |
As reported by the company. Total assets equal total liabilities by construction.
Minda Corporation Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 48 | 70 | 209 | 450 | 86 | 167 | 387 | 287 | 544 | 676 |
| Cash from investing | -158 | -200 | -402 | -137 | -192 | 12 | -425 | 116 | -1,409 | -381 |
| Cash from financing | 67 | 122 | 203 | -249 | 65 | -161 | 74 | -358 | 788 | -267 |
| Net cash flow | -43 | -8 | 11 | 64 | -42 | 18 | 37 | 44 | -76 | 27 |
| Free cash flow | -90 | -124 | 91 | 304 | -45 | 59 | 139 | 36 | 202 | 311 |
| CFO / operating profit | 41% | 41% | 91% | 197% | 48% | 73% | 91% | 75% | 111% | 110% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Minda Corporation Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 12% | 18% | 16% | 11% | 10% | 12% | 16% | 15% | 13% | 13% |
| Debtor days | 66 | 80 | 64 | 51 | 68 | 70 | 54 | 63 | 60 | 59 |
| Inventory days | 91 | 105 | 86 | 85 | 97 | 93 | 75 | 66 | 67 | 66 |
| Days payable | 79 | 103 | 79 | 109 | 124 | 110 | 95 | 89 | 96 | 107 |
| Cash conversion cycle | 79 | 82 | 71 | 26 | 41 | 53 | 34 | 40 | 31 | 18 |
| Working capital days | 6 | 14 | 3 | -15 | -6 | 25 | 13 | 31 | -28 | -16 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Minda Corporation Ltd shareholding pattern
Promoters held 64.84% at Jun 2026, broadly unchanged since Jun 2025. FIIs 9.30% and DIIs 17.87%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 64.84% | 64.84% | 64.84% | 64.84% | 64.84% | 64.84% | 64.84% | 64.84% |
| FIIs | 7.62% | 7.98% | 8.33% | 8.83% | 8.72% | 9.09% | 8.80% | 9.30% |
| DIIs | 18.87% | 18.42% | 18.48% | 18.17% | 18.52% | 18.43% | 18.82% | 17.87% |
| Public | 7.07% | 7.16% | 6.77% | 6.58% | 6.35% | 6.08% | 5.97% | 6.43% |
| No. of shareholders | 93,906 | 96,701 | 92,138 | 93,526 | 96,349 | 92,368 | 89,480 | 98,747 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Minda Corporation Ltd corporate filings
- Compliance Certificate under Reg 74(5) of SEBI (DP) Regulations 2018Company Updatelow impact
- Minda Corporation Allots Shares Under Regulation 30 of LODRCompany Updatelow impact
Cruxal's analysis: On October 5, 2026, Minda Corporation Ltd announced an allotment of shares as per…
Read the full analysis - Company has issued commercial papers for an amount of INR. 100 crores.Company Updatelow impact
- Closure of Trading WindowInsider Trading / SASTlow impact
- Minda Corporation Ltd approves fundraising through issuance of Non-Convertible Debentures (NCDs)Company Updatemedium impact
Cruxal's analysis: Minda Corporation has received board approval to raise funds via the issuance of…
Read the full analysis - Minda Corporation approves sale of investment in step-down associate companyCompany Updatelow impact
Cruxal's analysis: Minda Corporation has received board approval for the divestment of its investment in a…
Read the full analysis - Minda Corporation Announces 500 crore NCD Issuance, China Expansion, and Key Management AppointmentsBoard Meetingmedium impact
Cruxal's analysis: Minda Corporation Limited has approved the issuance of Non-Convertible Debentures (NCDs)…
Read the full analysis - Minda Corporation confirms redemption of INR 100 crore commercial papersCompany Updatelow impact
Cruxal's analysis: Minda Corporation Limited has formally confirmed the successful redemption of commercial…
Read the full analysis - Minda Corporation schedules investor meeting in Mumbai on September 25, 2026Company Updatelow impact
Cruxal's analysis: Minda Corporation has issued an intimation regarding a scheduled meeting with investors…
Read the full analysis - Minda Corporation Limited to Consider Fund Raising via Non-Convertible Debentures on September 24, 2026Board Meetingmedium impact
Cruxal's analysis: Minda Corporation Limited has announced a board meeting scheduled for September 24, 2026…
Read the full analysis - Minda Corporation Ltd receives ESG rating from Niche Ninety Nine Capability and CertificationsCompany Updatelow impact
Cruxal's analysis: Minda Corporation has obtained an ESG rating from Niche Ninety Nine Capability and…
Read the full analysis - Minda Corporation Limited issues Commercial Papers worth Rs. 100 croresCompany Updatelow impact
Cruxal's analysis: Minda Corporation Limited has announced the issuance of Commercial Papers amounting to…
Read the full analysis - Minda Corporation confirms redemption of INR 100 crore commercial papersCompany Updatelow impact
Cruxal's analysis: Minda Corporation Limited has formally notified the exchange regarding the successful…
Read the full analysis - Minda Corporation announces record dates for Commercial Paper redemption in September 2026Company Updatelow impact
Cruxal's analysis: Minda Corporation has set record dates for the redemption of two Commercial Paper…
Read the full analysis - Minda Corporation to participate in Elara Conference on September 3, 2026Company Updatelow impact
Cruxal's analysis: Minda Corporation Limited has announced its participation in the 'Ashwamedh - Elara India…
Read the full analysis - Minda Corporation Limited concludes 41st Annual General Meeting with all resolutions passedAGM/EGMlow impact
Cruxal's analysis: Minda Corporation Limited has successfully concluded its 41st Annual General Meeting held…
Read the full analysis - Minda Corporation Limited announces resignation of Company Secretary and Compliance OfficerCompany Updatelow impact
Cruxal's analysis: Minda Corporation Limited has formally notified the stock exchanges regarding the…
Read the full analysis - Minda Corporation Limited Reports Strong FY26 Financials with 22.3% Revenue Growth and Strategic JV ExpansionAGM/EGMhigh impact
Cruxal's analysis: Minda Corporation Limited announced robust FY26 performance, achieving a record…
Read the full analysis - Minda Corporation Limited announces issuance of Rs. 100 crore in commercial papersCompany Updatelow impact
Cruxal's analysis: Minda Corporation Limited has informed the exchange regarding the issuance of commercial…
Read the full analysis - Minda Corporation Reports Strong Q1 FY27 Results with Record Revenue of INR 1,846 Crore and 206% YoY PAT GrowthCompany Updatehigh impact
Cruxal's analysis: Minda Corporation Limited delivered a robust performance in Q1 FY27, achieving a record…
Read the full analysis
This page shows filings on a one-hour delay. Sign in to see them as they land, with Cruxal's analysis of what each one means.
Cruxal publishes market data and coverage for information only. Nothing here is investment advice.