Minda Corporation Ltd

About Minda Corporation Ltd

Minda Corporation Ltd is a leading Indian automotive component manufacturer, a flagship company of Spark Minda. It designs, develops, and manufactures a comprehensive range of components for two-wheelers, three-wheelers, four-wheelers, and off-road vehicles. The company holds a strong market position in security systems, wiring harnesses, and advanced electronic components.

Key Financial Ratios of Minda Corporation Ltd

• P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Minda Corporation Ltd's P/E ratio (TTM) is 73.16, compared to the industry median of 30.25 and large cap median of 28.80.

• P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Minda Corporation Ltd's P/B ratio is 6.66, compared to the industry median of 3.35 and large cap median of 3.12.

• P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Minda Corporation Ltd's P/S ratio is 2.88, compared to the industry median of 1.70 and large cap median of 1.66.

• PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Minda Corporation Ltd's PEG ratio is 1.05.

• EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Minda Corporation Ltd's EV/EBITDA ratio is 24.92.

• Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Minda Corporation Ltd's ROE is 13.54%.

• Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Minda Corporation Ltd's ROA is 13.12%.

• Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Minda Corporation Ltd's ROCE is 13%.

• Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Minda Corporation Ltd's operating margin is 11.66%.

• Net Margin: Net margin shows what percentage of revenue converts into final net profit. Minda Corporation Ltd's net margin is 5.79%.

• Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Minda Corporation Ltd's current ratio is 0.99.

• Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Minda Corporation Ltd's debt-to-equity ratio is 0.25.

• Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Minda Corporation Ltd's interest coverage ratio is 4.14.

• Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Minda Corporation Ltd's DPS is ₹0.

• Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Minda Corporation Ltd's EPS is 41.10.

(Source line: "Ratios as of 19 Aug 2026, based on last traded price of ₹738.90. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")

Key Facts

• Founded: 1985 (as Minda Corporation Ltd.)

• Headquarters: Noida, Uttar Pradesh

• Core Offerings: Security & Safety Systems, Wiring Harnesses, Driver Information Systems, Sensors, EV Components

• Stock Listing: NSE (MINDACORP), BSE (538962)

• Promoter: Minda Group / Spark Minda

History of Minda Corporation Ltd

The Spark Minda group was founded in 1958 by Shri S.L. Minda. Minda Corporation Ltd. (MCL) was incorporated on October 18, 1985, as the flagship company. Over the decades, MCL has expanded its product portfolio through organic growth, strategic joint ventures, and technological collaborations, establishing itself as a key player in the automotive component industry with a growing global footprint and focus on advanced mobility solutions, including electric vehicle components.

Business Segments and Revenue Mix

• Security & Safety Systems: Includes mechanical & electronic security systems like locksets, immobilizers, smart key systems, passive entry systems, and body control modules for various vehicle segments.

• Driver Information & Telematics Systems: Manufactures instrument clusters, speedometers, tachometers, fuel gauges, and advanced telematics and connected mobility solutions.

• Wiring Harness & Other Allied Products: Produces complete wiring harness assemblies, battery cables, and power distribution systems essential for vehicle electrical architecture.

• EV & Advanced Technologies: Focuses on electric vehicle components such as EV chargers, DC-DC converters, motor controllers, and Battery Management Systems (BMS), driving future mobility solutions.

Key Personnel

Mr. Ashok Minda - Chairman & Group CEO. A veteran in the automotive components industry, he leads the Spark Minda group's strategic direction and growth.

Subsidiaries and Associate Companies

['Minda Distribution and Services Limited', 'Minda Katcon Private Limited', 'Minda Infotainment Private Limited (Formerly: Minda D-TEN Private Limited)', 'Minda Vietnam Automotive Company Limited (MVAC)']

Corporate Actions

2023: Acquired 76% stake in Infotainment design & engineering company, Mindarika Private Limited (formerly Minda D-TEN Private Limited). 2023: Strategic investment in Charging Interface Solution GmbH (CIS) in Germany. 2022: Strategic alliance with KPIT Technologies Ltd. for software development in automotive electronics. 2022: Investment in EVQPOINT Solutions Pvt. Ltd.

References

1. Annual Report 2022-23
2. Exchange Filings (NSE/BSE)
3. Investor Presentations Q4 FY24