MINDACORP
Minda Corporation Limited (MINDACORP) Stock Analysis
Minda Corporation Limited is an Indian auto components supplier of lighting, aluminium die casting, and mechatronics for two-wheelers and passenger vehicles. It is part of the Spark Minda group with global JVs. Content per vehicle and OEM programs drive revenue. It is listed on Indian stock exchanges.
Consumer Cyclical › Auto Parts
₹636.30
-4.65% 1W | +7.80% 52W
Market Cap
15.0k CR
P/E Ratio
30.4
52W High
₹769
52W Low
₹468.5
Div. Yield
0.25%
Beta
0.5
50 DMA
₹699.9
200 DMA
₹610.9
Profit Margin
7.5%
Inst. Own.
21.5%
⚠️ BREAKDOWN
⚠️ BREAKDOWN
Fundamentals
Profit & Loss
| Metric | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,075 | 1,196 | 1,166 | 1,215 | 1,192 | 1,290 | 1,253 | 1,321 | 1,386 | 1,535 | 1,560 | 1,704 | 1,846 |
| Expenses | 960 | 1,065 | 1,036 | 1,076 | 1,061 | 1,143 | 1,109 | 1,168 | 1,230 | 1,357 | 1,377 | 1,500 | 1,635 |
| Operating Profit | 115 | 131 | 130 | 139 | 132 | 147 | 144 | 153 | 156 | 178 | 184 | 203 | 212 |
| OPM % | 11% | 11% | 11% | 11% | 11% | 11% | 11% | 12% | 11% | 12% | 12% | 12% | 11% |
| Other Income | 2 | 2 | 2 | 10 | 8 | 12 | 9 | 3 | 3 | 3 | -1 | 8 | 126 |
| Interest | 14 | 15 | 14 | 12 | 10 | 11 | 12 | 34 | 33 | 31 | 29 | 30 | 31 |
| Depreciation | 39 | 41 | 42 | 44 | 46 | 51 | 50 | 57 | 56 | 57 | 58 | 59 | 69 |
| Profit before tax | 63 | 77 | 76 | 92 | 84 | 96 | 90 | 65 | 71 | 93 | 97 | 123 | 237 |
| Tax % | 27% | 24% | 33% | 25% | 26% | 26% | 29% | 36% | 26% | 27% | 33% | 25% | 20% |
| Net Profit | 45 | 59 | 52 | 71 | 64 | 74 | 65 | 52 | 65 | 85 | 84 | 124 | 206 |
| EPS in Rs | 1.89 | 2.46 | 2.20 | 2.96 | 2.69 | 3.11 | 2.71 | 2.18 | 2.73 | 3.54 | 3.58 | 5.21 | 8.62 |
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,965 | 2,435 | 2,060 | 2,594 | 3,092 | 2,813 | 2,368 | 2,976 | 4,300 | 4,651 | 5,056 | 6,185 | 6,646 |
| Expenses | 1,778 | 2,206 | 1,868 | 2,316 | 2,797 | 2,558 | 2,148 | 2,680 | 3,837 | 4,134 | 4,480 | 5,463 | 5,869 |
| Operating Profit | 188 | 229 | 192 | 278 | 295 | 256 | 220 | 296 | 463 | 517 | 576 | 722 | 776 |
| OPM % | 10% | 9% | 9% | 11% | 10% | 9% | 9% | 10% | 11% | 11% | 11% | 12% | 12% |
| Other Income | 23 | 29 | 27 | 27 | 80 | -238 | -8 | 56 | 16 | 15 | 32 | 14 | 136 |
| Interest | 39 | 37 | 30 | 40 | 51 | 54 | 39 | 32 | 42 | 57 | 69 | 123 | 121 |
| Depreciation | 60 | 74 | 58 | 74 | 88 | 118 | 94 | 112 | 138 | 166 | 204 | 230 | 242 |
| Profit before tax | 111 | 147 | 131 | 191 | 236 | -154 | 80 | 208 | 298 | 308 | 336 | 384 | 550 |
| Tax % | 24% | 25% | 22% | 25% | 28% | 29% | 39% | 12% | 1% | 27% | 29% | 28% | |
| Net Profit | 88 | 110 | 102 | 143 | 169 | -200 | 53 | 192 | 284 | 227 | 255 | 358 | 499 |
| EPS in Rs | 4.28 | 5.12 | 4.88 | 6.82 | 7.45 | -8.79 | 2.21 | 8.03 | 11.90 | 9.50 | 10.68 | 15.07 | 20.95 |
| Dividend Payout % | 9% | 10% | 10% | 9% | 9% | -4% | 29% | 12% | 10% | 15% | 13% | 9% |
Growth — CAGR
| Metric | 3Y | 5Y | 10Y |
|---|---|---|---|
| Revenue CAGR | 13.0% | 21.0% | 10.0% |
| Profit CAGR | 8.0% | 31.0% | 14.0% |
Shareholding Pattern
Promoters64.84%
FIIs8.83%
DIIs18.17%
Public6.58%
Promoters64.84%
FIIs8.72%
DIIs18.52%
Public6.35%
Promoters64.84%
FIIs9.09%
DIIs18.43%
Public6.08%
Promoters64.84%
FIIs8.80%
DIIs18.82%
Public5.97%
Promoters64.84%
FIIs9.30%
DIIs17.87%
Public6.43%
Promoters64.72%
FIIs5.06%
DIIs11.83%
Public16.68%
Promoters64.84%
FIIs5.07%
DIIs20.60%
Public7.90%
Promoters64.84%
FIIs8.33%
DIIs18.48%
Public6.77%
Promoters64.84%
FIIs8.80%
DIIs18.82%
Public5.97%
Promoters64.84%
FIIs9.30%
DIIs17.87%
Public6.43%
MINDACORP
Holdings Analysis
Key strengths & risk signals
60
Overall
64
Fundamental
56
Technical
Risks (4)
LOW MARGIN! 7.5% profit margin - thin profits.
RECOVERY MODE! Current price (636.3) above 200-day but below 50-day.
NEGATIVE MOMENTUM! Price declined across timeframes - down 4.7% (1 week), 9.2% (1 month), 9.0% (3 months).
POSITIVE YEAR! Stock gained 7.8% in the last year.
Strengths (4)
PERFECT RECORD! Revenue has grown consistently every year. Exceptional business stability.
BULLISH TREND! 50-day average (699.9) is above 200-day average (610.9) - positive signal.
LOW VOLATILITY! Beta of 0.50 - stable stock, less market risk.
APPROACHING OVERSOLD! RSI at 35.3 - watch for reversal.
Fundamental & Technical Analysis
60Overall
64Fundamental
56Technical
Fundamental Breakdown
Growth Quality
19/30
Revenue CAGR: 12.8% (GOOD, 11/15). Profit CAGR: 8.2% (MODERATE, 8/15).
Profit Margin
3/10
LOW MARGIN! 7.5% profit margin - thin profits.
PEG Valuation
3/10
OVERVALUED! PEG of 3.71 means expensive relative to growth rate.
Dividend Yield
3/10
NEGLIGIBLE DIVIDEND! 0.25% yield - little to no income.
Debt to Equity
6/10
MODERATE DEBT! D/E of 0.73 - acceptable leverage.
Public Holding
20/20
VERY LESS PUBLIC HOLDING! 15.99% public ownership - strong promoter/institutional control.
Stability Index
10/10
PERFECT RECORD! Revenue has grown consistently every year. Exceptional business stability.
Technical Breakdown
Moving Averages
12/10
BULLISH TREND! 50-day average (699.9) is above 200-day average (610.9) - positive signal.
Price Position
2/10
RECOVERY MODE! Current price (636.3) above 200-day but below 50-day.
Trend Pattern
10/20
BREAKDOWN! Stock has broken below support levels - weakness present.
52W Performance
4/10
POSITIVE YEAR! Stock gained 7.8% in the last year.
Volume Sentiment
15/30
BEARISH SENTIMENT! In last 30 days: 12 up days, 18 down days. Avg volume on up days: 192,287 vs down days: 236,637. Ratio: 0.81x
RSI
4/5
APPROACHING OVERSOLD! RSI at 35.3 - watch for reversal.
52W Range
3/5
MID RANGE! Trading at 55.8% of 52W range - neutral zone.
Momentum
1/5
NEGATIVE MOMENTUM! Price declined across timeframes - down 4.7% (1 week), 9.2% (1 month), 9.0% (3 months).
Beta
5/5
LOW VOLATILITY! Beta of 0.50 - stable stock, less market risk.
MINDACORP
Concall / Investor Presentation
Earnings call transcripts & AI summaries
| Quarter | Concall | Summary |
|---|---|---|
| Q4FY262026-05-27 | Concall PDF | |
| Q3FY262026-02-11 | Concall PDF | |
| Q2FY262025-11-11 | Concall PDF |
Peer Comparison
Consumer Cyclical · Auto Parts · 8 stocks
| Stock | Price | P/E | Profit Margin | Revenue CAGR 5Y | Profit CAGR 5Y | 52W Change | Stock Strength | Trendline | YoY Profit | QoQ Profit | YoY Revenue | QoQ Revenue |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MINDACORP | ₹636.30 | 30.4 | 7.5% | 12.8% | 8.2% | +7.8% | 60 | BREAKDOWN | +215.5% | +65.3% | +33.2% | +8.4% |
| SEDEMAC | ₹3,229.80 | 119 | 10.4% | 35.7% | 129.5% | +136.1% | 83 | APPROACHING SUPPORT | +94.7% | +3.7% | +42.5% | +7.7% |
| CIEINDIA | ₹370.80 | 15.7 | 9.0% | 3.5% | – | -10.5% | 55 | BREAKOUT | +15.8% | -5.5% | +10.6% | +0.3% |
| CEATLTD | ₹3,262.30 | 22.3 | 3.6% | 11.6% | 55.4% | -8.9% | 64 | APPROACHING RESISTANCE | -96.4% | -98.4% | +22.4% | +2.3% |
| JBMA | ₹528.60 | 55.8 | 3.6% | 18.1% | 20.7% | -17.7% | 64 | BREAKDOWN | +14.7% | -43.1% | +15.0% | -22.1% |
| LUMAXTECH | ₹1,827.40 | 38.4 | 6.2% | 37.9% | 44.3% | +55.3% | 75 | BREAKDOWN | +109.2% | -1.7% | +32.9% | -3.8% |
| VARROC | ₹793.60 | 61.4 | 2.1% | 8.7% | – | +35.9% | 64 | BREAKDOWN | -26.5% | +11.5% | +29.9% | +11.2% |
| ASKAUTOLTD | ₹588.10 | 36.6 | 6.8% | 17.3% | 34.2% | +20.4% | 73 | BREAKDOWN | +28.7% | +19.0% | +52.4% | +18.4% |
Data from TradeAlone · Updated daily
MINDACORP News
