Skip to content

    Minda Corp

    Auto-component group making vehicle access, wiring harness, clusters, die-casting and EV electronics for OEMs.

    Automobile and Auto Components
    Consumer Discretionary
    View MINDACORP earnings calls
    ₹652.95
    +15.61% from avg

    Overview

    Price

    ₹652.95

    Market Cap

    ₹16.6k Cr

    Sector

    Automobile and Auto Components

    Consumer Discretionary

    Rank

    2

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital4548484848484848
    Reserves9251.1k1.3k1.5k1.9k2.1k2.4k2.6k
    Borrowings6255325117185401.6k1.5k1.5k
    Other Liabilities7326547319059111.1k1.2k1.4k
    Total Liabilities2.3k2.3k2.6k3.2k3.4k4.9k5.2k5.5k
    AssetsFixed Assets5706138871.0k1.2k1.5k1.5k1.6k
    CWIP28183285638590129
    Investments176180644513481.5k1.5k1.6k
    Other Assets1.6k1.5k1.6k1.6k1.8k1.8k2.0k2.2k
    Total Assets2.3k2.3k2.6k3.2k3.4k4.9k5.2k5.5k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating20945086167387287544676
    Cash from Investing-402-137-19212-425116-1.4k-383
    Cash from Financing203-24965-16174-358788-267
    SummaryCapital Expenditure
    Free Cash Flow91304-455913936202311
    FCF Margin

    Valuation

    Assumptions

    Current — MINDACORP
    Price
    ₹653
    EPS (TTM)
    ₹15.06
    PE (TTM)
    43.4
    Profit growth
    8.0%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (44.0×) and current (43.4×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹653
    vs
    Fair value · 15% return
    ₹406
    38%Overvalued

    At 8% growth and a 43× exit, ₹653 only delivers your return if you pay ₹406. The price is currently baking in 18% growth.

    EPS grows 8%/yr for 5 years, then fades to 6% over 2, exits at 43×.

    YearGrowthEPS (₹)
    FY278.0%16.26
    FY288.0%17.57
    FY298.0%18.97
    FY308.0%20.49
    FY318.0%22.13
    FY327.0% ·fade23.68
    FY336.0% ·fade25.10

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Minda Corp

    Guides on how to read this kind of business and the numbers that matter.