Investor presentation on 22 may 2026
MINDACORP · price
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Minda Corporation reported its highest-ever quarterly revenue of ₹1,704 crore in Q4 FY26, up 29% YoY. Full-year consolidated revenue grew 22% to ₹6,185 crore. EBITDA margin expanded to 11.7% (up 29 bps YoY) and PAT margin improved to 5.8% (up 74 bps). The company formed two strategic JVs — Spark Minda Turntide (49:51 with UK-based Turntide for EV motors) and Spark Minda Toyodenso (60:40 with Japan's Toyodenso for automotive switches). Total lifetime order book exceeded ₹10,000 crore, with ₹3,500 crore booked during FY26. ROCE improved to 23.1% from 20% in FY25. Board recommended a dividend of ₹0.80 per share (40% payout).
Strong operational performance with margin expansion signals execution strength. New JVs in EV motors and switches position the company well for electrification trends. The ₹10,000+ crore order book provides multi-year revenue visibility.