Minda Corporation Limited
Minda Corporation Limited manufactures and sells automobile components and parts in India, rest of Asia, America, Europe, and Africa. The company offers mechatronic products, such as ignition switch cum steering locks, smart key systems and keyless entry, access systems, mechatronics handles, immobiliser fuel tank caps, aluminium and zinc die casting components, flush outer door handles, knob type smart lock systems, starter motors, and alternators; information and connected systems, including wiring harness, connectors, cockpit, fully digital clusters, terminals, and components; and instrument clusters and dashboard, as well as speed, temperature, position, pressure, and exhaust gas sensors. It also provides plastic and interior products comprising air vent rears, glove boxes, center consoles, cup holders, ash trays, louvers, oil slumps, cylinder heads, battery trays, and light weight solutions; and aftermarket products that comprise locks, lubricants, filters, clutch plates, bearings, wiper blades, brake shoes, and cables. In addition, the company offers DC-DC convertors, battery chargers, motor controllers, intelligent transport system, telematics, connected clusters, MFECU, and vehicle control units; and rod, micro pole, shark fin, and LF antennas. Further, it offers kick and tilt gyro IMU sensors, tyre pressure monitoring systems, EV supply equipment, primary gears, ignition coils, cooling fans, and spark plug caps, as well as various type of motors and invertors. The company serves passenger and commercial vehicle, motorcycle and scooter, off-road vehicle, and tier 1 manufacturers, as well as original equipment manufacturers. It exports its products. The company was formerly known as Minda Switch Auto Pvt. Ltd. and changed its name to Minda Corporation Limited in 2007. Minda Corporation Limited was founded in 1958 and is based in Noida, India.
Valuation
Profitability
Returns
Solvency
AI Summary
Indian StockStrengths1
- Large-cap with βΉ13.7K Cr market capitalisation
Concerns1
- Valuation elevated β PE of 76.2x is 47% above Automobiles & Components median of 51.9x
Rule-based from financial data. Not advice.
Monthly Returns
Year-to-Date ROI
Historical Volatility
Historical Performance
Revenue, profitability, and cash flow trends (βΉ Crores)
Revenue (10Y)
Operating Income (10Y)
Net Profit (10Y)
Operating Margin % (10Y)
Dividend Payout % (10Y)
Free Cash Flow (10Y)
Growth Summary
Latest fiscal year: Mar 2025
Historical Growth
Year-by-year revenue, profitability, and cash flow (βΉ Crores, last 10 years)
| Year | Revenue | Op. Income | Net Profit | CFO | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|---|
| Mar 2025 | βΉ4.14 K Cr | β | βΉ206.00 Cr | β | β | 10.8% | 7.8% | 9.6% |
| Mar 2024 | βΉ3.84 K Cr | β | βΉ188.00 Cr | β | β | 10.8% | 10.1% | -22.0% |
| Mar 2023 | βΉ3.49 K Cr | β | βΉ241.00 Cr | β | β | 17.5% | 27.7% | 50.6% |
| Mar 2022 | βΉ2.73 K Cr | β | βΉ160.00 Cr | β | β | 13.7% | 19.5% | 90.5% |
| Mar 2021 | βΉ2.29 K Cr | β | βΉ84.00 Cr | β | β | 8.2% | 7.5% | -134.9% |
| Mar 2020 | βΉ2.13 K Cr | β | βΉ-241.00 | β | β | -28.0% | -10.2% | -249.7% |
| Mar 2019 | βΉ2.37 K Cr | β | βΉ161.00 Cr | β | β | 14.2% | 21.3% | 56.3% |
| Mar 2018 | βΉ1.96 K Cr | β | βΉ103.00 Cr | β | β | 15.1% | 153.2% | 87.3% |
| Mar 2017 | βΉ772.00 Cr | β | βΉ55.00 Cr | β | β | 13.3% | 9.7% | 19.6% |
| Mar 2016 | βΉ704.00 Cr | β | βΉ46.00 Cr | β | β | 13.3% | 8.5% | 31.4% |
Financial Statements
Income statement, balance sheet, and cash flow (βΉ Crores, as reported)
Consolidated Figures in USD Millions.
| Unnamed: 0 | TTM |
|---|---|
| Revenue / Net Sales | 4,503 |
| Total Expenses | 3,997 |
| EBIT / Operating Profit | 506 |
| OPM % | 11% |
| Other Income | 30 |
| Finance Costs | 110 |
| Depreciation & Amortisation | 185 |
| Profit Before Tax | 242 |
| Tax % | - |
| Net Profit / PAT | 180 |
| EPS (βΉ) | 7.55 |
| Dividend Payout % | - |
Peer Comparison
Automobiles & Components sector peers, ranked by market cap
| Company | Market Cap | Revenue | P/E | P/B | EV/EBITDA | Rev G 1Y |
|---|---|---|---|---|---|---|
| Minda Corporation Limitedthis co. | βΉ13.75 K Cr | βΉ4.14 K Cr | 76.20 | 6.59 | 30.98 | 7.8% |
| Maruti Suzuki India Ltd. | βΉ5.16 L Cr | βΉ1.52 L Cr | 36.20 | 5.30 | 25.33 | 7.8% |
| Mahindra & Mahindra Ltd. | βΉ4.55 L Cr | βΉ1.19 L Cr | 32.50 | 6.84 | 26.39 | 17.1% |
| Bajaj Auto Limited | βΉ2.67 L Cr | βΉ50.01 K Cr | 30.50 | 8.68 | 26.02 | 11.9% |
| Eicher Motors Ltd. | βΉ2.03 L Cr | βΉ18.45 K Cr | 43.20 | 10.56 | β | 14.8% |
| HYUNDAI MOTOR INDIA LIMITED | βΉ1.88 L Cr | βΉ67.65 K Cr | 33.40 | 11.03 | 17.74 | -1.3% |
| TVS Motor Company Ltd. | βΉ1.78 L Cr | βΉ36.25 K Cr | 56.60 | 18.32 | 49.03 | 14.1% |
| Industry Average | β | βΉ15.02 K Cr | 51.90 | 6.13 | 25.31 | 7.0% |