Manufactures automotive components across four product families — wiring harness, vehicle access systems, instrument clusters, and die-cast parts — sold mainly to Indian vehicle makers. The wiring harness business contributes 31% of revenue, vehicle access 22%, instrument clusters 17%, and die casting 15%. End-market exposure is split two/three-wheelers 48%, commercial vehicles 28%, passenger vehicles 14% and aftermarket 10%. New launches in sunroofs, TPMS, TFT clusters, and JVs covering EV axial flux motors (Turntide) and switches (Toyodenso) are ramping. Associate Flash Electronics contributes ₹1,803 crore in revenue; Minda VAST consolidation from FY27 aims to lift passenger-vehicle revenue share toward 25%. Raw materials are the biggest cost at 61.4% of revenue (employees 15.1%, other opex 10.2%); 30–40% commodity inflation in copper, zinc and aluminium in FY26 was largely passed through to customers. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Wiring harness (31%), Vehicle access systems (22%), Instrument clusters (17%), Die casting (15%). Asset-heavy auto components manufacturer serving multiple mobility segments, with growing premium-content and EV exposure
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 2,976 | 4,300 | 4,651 | 5,056 | 6,185 |
| EBITDA (ex other income) | 327 | 461 | 514 | 575 | 720 |
| margin % | 11.0 | 10.7 | 11.1 | 11.4 | 11.6 |
| Owners' profit | 0 | 285 | 227 | 255 | 360 |
| EPS, as reported (₹) | 8.16 | 12.09 | 9.65 | 10.85 | 15.31 |
| ROE % · ROCE % | 14.4 · 15.3 | 17.9 · 17.3 | 11.5 · 15.6 | 11.6 · 13.8 | 13.5 · 15.1 |
| Debt / equity (x) | 0.38 | 0.35 | 0.18 | 0.61 | 0.46 |
| Cash from operations | 167 | 598 | 287 | 544 | 676 |
| Capex | (109) | (251) | (252) | (350) | (394) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,290 | 1,253 | 1,321 | 1,386 | 1,535 | 1,560 | 1,704 | 1,846 |
| Profit before tax | 96 | 90 | 65 | 71 | 93 | 97 | 123 | 237 |
| Net profit | 74 | 65 | 52 | 65 | 85 | 84 | 124 | 206 |
| EPS (₹) | 3.16 | 2.75 | 2.21 | 2.78 | 3.60 | 3.64 | 5.29 | 8.75 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| SAMVRDHNA MTHRSN INTL LTD | 1,73,567 | 39.6 | 3.98 | 15.4 | 9.4 | 8.2 | 17.1 | 9.0 |
| BOSCH LIMITED | 1,42,736 | 60.4 | 9.61 | 35.1 | 18.7 | 24.1 | 15.6 | 17.9 |
| BHARAT FORGE LTD | 92,992 | 131.7 | 9.73 | 33.3 | 11.4 | 13.2 | 21.6 | 8.8 |
| UNO MINDA LIMITED | 69,386 | 57.6 | 9.56 | 31.7 | 17.7 | 15.7 | 25.3 | 10.4 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · Minda Corporation issues Commercial Papers worth Rs. 100 crores | fund raising | medium | — | — |
| 4 Sept 2026 · Minda Corporation redeems INR 100 crore commercial papers | credit debt | medium | — | — |
| 31 Aug 2026 · Minda Corporation to attend Elara India Dialogue 2026 investor conference | board shareholder meetings | low | — | — |
| 21 Aug 2026 · Minda Corporation 41st AGM voting results - all 5 resolutions approved | board shareholder meetings | medium | — | — |
| 21 Aug 2026 · Company Secretary Pardeep Mann resigns from Minda Corporation | management changes | medium | — | — |
| 21 Aug 2026 · Company Secretary Pardeep Mann resigns from Minda Corporation | management changes | high | — | — |
| 21 Aug 2026 · Minda Corporation 41st AGM: Final Dividend of Rs 0.80/share approved; FY26 revenue up 22% | board shareholder meetings | low | — | — |
| 19 Aug 2026 · Q1 FY27 revenue rises 33 percent; margin improves despite cost pressure | investor communications | medium | — | — |
| 18 Aug 2026 · Subsidiary gets govt approval to manufacture display modules | compliance | low | — | — |
| 14 Aug 2026 · Minda Corp Q1 FY27 results published in newspapers, standalone PAT up about 215% YoY | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| SCHAEFFLER INDIA LIMITED | 61,739 | 49.3 | 10.04 | — | 10.4 | 14.1 | — | 19.4 |
| TUBE INVEST OF INDIA LTD | 50,454 | 83.1 | 3.55 | 19.5 | 7.9 | 12.4 | 30.3 | 10.6 |
| SONA BLW PRECISION FRGS L | 49,016 | 70.4 | 7.99 | 42.6 | 10.3 | 12.9 | — | 25.1 |
| ENDURANCE TECHNO. LTD. | 37,964 | 39.1 | 5.55 | 18.6 | 13.9 | 15.6 | 17.4 | 13.2 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 33.2 | 26.7 | 74 of 123 | 40% |
| P/B | 6.4 | 3.5 | 91 of 116 | 20% |
| ROCE | 11.4 | 12.6 | 71 of 125 | 44% |
| ROE | 13.5 | 11.6 | 51 of 119 | 58% |
| Debt / Equity | 0.5 | 0.3 | 73 of 119 | 39% |
| EBITDA margin | 18.3 | 12.2 | 25 of 118 | 80% |
| Revenue growth | 33.2 | 20.2 | 22 of 113 | 81% |
| Profit growth | 215.8 | 24.4 | 9 of 115 | 93% |
| Market cap | 16904 | 1542 | 20 of 125 | 85% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
