M

Minda Corporation Limited

MINDACORPNSE
Market snapshot · 2026-08-10 21:55 UTC

736.10

+₹14.45 (+2.00%)

MARKET CAP

₹17.32K Cr

STOCK P/E

48.8x

52W HIGH

₹750.80

52W LOW

₹445.05

BOOK VALUE

₹112.22

EPS

₹15.08

ROE

14.74%

SECTOR

Consumer Discretionary

DEBT/EQUITY

55.35

VOLUME

7.23L

P/B RATIO

6.56x

PEG RATIO

0.34

Sector

Consumer Discretionary

Themes

Auto PartsEv
D
Dividend
E
Earnings
₹721.65₹661.45₹601.25₹541.05₹480.85VolumeDDEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Minda Corporation is an auto-components manufacturer serving two-wheelers, passenger vehicles, commercial vehicles, and off-highway equipment. Vehicle access systems, electrical distribution products, and driver-information systems anchor revenue across internal-combustion and electric-vehicle applications. Revenue grew 22.2% year-on-year, while profit increased 41.1%; with no major recent development, performance reflects existing platform demand rather than a new catalyst. Stable margins and 14.7% ROE indicate consistent execution, but debt-equity of 55.35 means leverage materially influences shareholder returns. The company’s 47.9x P/E is rich relative to its 22.2% revenue growth, implying investors already price substantial expansion. Neutral sentiment is appropriate while questions remain around sustaining growth, improving capital efficiency, and justifying the valuation.

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for MINDACORP.

7.00 analysts

Price Forecast

Current
₹736.10
High Target
₹841.00
▲ +14.3%
Median Target
₹700.00
▼ -4.9%
Low Target
₹675.00
▼ -8.3%
Now₹736.10High ₹841.00Median ₹700.00Low ₹675.00Aug '25Now12M Target
Price history (1Y)
Analyst target range
7 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹616.44 - ₹929.6480%
6M₹582.24 - ₹1,04180%
12M₹545.98 - ₹1,24280%
Realized vol: +32.1% · Drift: +16.3%

Revenue Forecast

₹ Cr
Mar '26Current₹1,370.0
Sep 2026 ETrend estimate range
High₹1,647.2Base₹1,525.2Low₹1,403.2
Jun '25: ₹1,135.0 · Sep '25: ₹1,249.0 · Dec '25: ₹1,263.0 · Mar '26: ₹1,370.0 · Sep '26: ₹1,525.2 · Dec '26: ₹1,542.3
Jun '25Sep '25Dec '25Mar '26Sep '26 EDec '26 E1,135.01,249.01,263.01,370.01,525.21,542.3
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Mar '26Current₹3.07
Sep 2026 ETrend estimate range
High₹3.16Base₹2.82Low₹2.49
Jun '25: ₹1.75 · Sep '25: ₹1.97 · Dec '25: ₹3.32 · Mar '26: ₹3.07 · Sep '26: ₹2.82 · Dec '26: ₹4.76
Jun '25Sep '25Dec '25Mar '26Sep '26 EDec '26 E1.751.973.323.072.824.76
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Mixed
50%
Analyst Consensus
Unavailable

From 7 analysts

Mean upside+0.2%

Fundamentals

Strong

Fundamentals institutional score is 79 using EVA spread proxy 2.7%; growth durability 96.6.

Valuation

Premium valuation

Valuation institutional score is 12 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Weakening

Analyst View institutional score is 41 using mean target upside 0.2%; dispersion penalty 9.0; recommendation breadth from available consensus.

Technical Structure

Mixed Momentum

Technicals institutional score is 60 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Neutral backdrop

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 1 recent ticker-linked news items.

Signal Summary

Market intelligence remains Mixed. fundamentals provide support, while valuation and analyst consensus remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals StrongValuation Premium valuationAnalyst Consensus WeakeningTechnical Structure Mixed MomentumMarket Sentiment Neutral backdrop

Key Data Points

Mean Target Price737.3 target
Mean Upside+0.2%
Technical Score60%
Fundamental Score79%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 41.8% above historical median. Valuation is rising — currently in the strongly overvalued zone (z-score: +2.43). Confidence: 82%.

Live forward EPS implies next-12-month EPS of ₹22.28. Applying the stock's normalized valuation corridor produces a fair range of ₹623.62 to ₹831.94, with base value near ₹751.95 (+2.2% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Inside normalized range

Forward EPS

₹22.28

Forward P/E

33.0x

Base Fair Value

₹751.95

Fair Range

₹623.62 - ₹831.94

Upside To Base

+2.2%

Estimate Source

Live forward EPS

Growth Estimate

+139.2%

P/E
Strongly Overvalued

5Y Average

26.07

Current

47.85

Overvalued

37.34

Undervalued

27.99

EV/EBITDA
Strongly Overvalued

5Y Average

14.93

Current

27.95

Overvalued

19.76

Undervalued

8.07

P/S
Strongly Overvalued

5Y Average

1.50

Current

2.80

Overvalued

1.72

Undervalued

1.27

Peers & Comparison

Sector: Consumer Discretionary · Theme: Auto Parts

Auto Parts Peers8 peers
Avg P/E: 46.8x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
SONA BLW PRECISION FRGS L
SONACOMSAuto Parts
+52.4%14.2%
72.5x
Premium
+55% vs avg
+83.4%
BELRISE INDUSTRIES LTD
BELRISEAuto Parts
+12.1%5.2%
43.5x
Fair
-7% vs avg
+86.2%
UNO MINDA LIMITED
UNOMINDAAuto Parts
+23.8%5.8%
61.9x
Premium
+32% vs avg
+18.5%
GABRIEL INDIA LTD
GABRIELAuto Parts
+29.8%5.2%
83.0x
Premium
+77% vs avg
+48.0%
CIE AUTOMOTIVE INDIA LTD
CIEINDIAAuto Parts
+10.6%5.7%
17.3x
Undervalued
-63% vs avg
+3.3%
BANCO PRODUCTS (I) LTD
BANCOINDIAAuto Parts
+25.6%12.4%
19.5x
Undervalued
-58% vs avg
+14.2%
SCHAEFFLER INDIA LIMITED
SCHAEFFLERAuto Parts
+17.3%11.9%
50.6x
Fair
+8% vs avg
+4.3%
FIEM INDUSTRIES LIMITED
FIEMINDAuto Parts
+17.4%9.2%
26.2x
Undervalued
-44% vs avg
+42.3%
WHY THESE PEERS

MINDA CORPORATION LTD trades in line with peers (48.8x vs avg 46.8x), reflecting a fair valuation within the Auto Parts cohort. Peers include SONA BLW PRECISION FRGS L, BELRISE INDUSTRIES LTD, UNO MINDA LIMITED — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹1.37K CrMar 2026

Latest net profit

₹73 CrMar 2026

Latest EPS

₹3.07Mar 2026

Net margin

12.0%Mar 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q4 '25Q1 '26Q2 '26Q3 '26Q4 '260.0%3.0%6.0%9.0%12.0%0.00 Cr350 Cr700 Cr1.05K Cr1.40K Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q4 '25Q1 '26Q2 '26Q3 '26Q4 '260.00 Cr350 Cr700 Cr1.05K Cr1.40K Cr₹0₹1₹2₹3₹3
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit0.00 Cr350 Cr700 Cr1.05K Cr1.40K Cr

Latest reported period: Mar 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Mar 2022Mar 2023Mar 2024Mar 2025Mar 20260.00 Cr1.50K Cr3.00K Cr4.50K Cr6.00K Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +8858809909691,0059671,0581,0371,0831,1351,2491,2631,370
Expenses +7957898798568838599349149611,0111,1111,1161,200
Operating Profit8991111113122108124123122124137148170
OPM %10%10%11%12%12%11%12%12%11%11%11%12%12%
Other Income +42229913106104268
Interest12141514121011123433312930
Depreciation31323434363842424847484849
Profit before tax514764678370837946546397100
Tax %-119%26%26%34%25%26%25%27%26%23%25%19%26%
Net Profit +111354844625263583442477973
EPS in Rs4.631.462.001.852.572.162.622.421.411.751.973.323.07
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters +64.84%64.84%64.84%64.84%64.84%
FIIs +8.83%8.72%9.09%8.80%9.30%
DIIs +18.17%18.52%18.43%18.82%17.87%
Public +6.58%6.35%6.08%5.97%6.43%
Others1.58%1.57%1.56%1.57%1.56%
Jun 2026
Promoters +
FIIs +
DIIs +
Public +
Others

Events Timeline

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Aug 07, 2026PDFCompany Reports Open

Board Meeting Intimation for Consider, Approve And Take On Record The Standalone And Consolidated Audited Financial Results Of The Company For The Quarter And Year Ended On June 30, 2026

Aug 04, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Newspaper Publication

Jul 31, 2026PDFCompany Reports Open

Reg. 34 (1) Annual Report.

Jul 29, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Newspaper Publication

Jul 28, 2026PDFCompany Reports Open