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Minda share price & results

Minda Corp· Automobile and Auto Components· Consumer Discretionary

Results to
Jun 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

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

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue1,401 ₹ crore+23.4% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin12.0 %+1.0 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit61.0 ₹ crore+45.2% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity16.62 %+2.7 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin5.04 %+1.0 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)26.57 %+13.6 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

1 of 5 judged targets kept · 15 open · verdicts reflect calls analysed to Q1 FY27.

Minda Corp management guidance track record on Inve: 20 targets tracked across analysed earnings calls (1 achieved, 4 missed, 15 open).

TargetOriginal wordingSaidLatest callVerdict
Net Debt to Equity Ratiobring down the 0.5x debt to equity to about 0.2x in the next 2 to 3 years
Call transcript, Q4 FY25 · 27 May 2025		Q4 FY25Q1 FY27:No specific update on Net Debt to Equity ratio was provided for the third consecutive quarter.
Call transcript, Q1 FY27 · 13 Aug 2026		Ghosted
Sunroof Business Start of Production (SOP)revenues will be starting from FY27
Call transcript, Q4 FY25 · 27 May 2025		Q4 FY25Q1 FY27:Management confirmed the project is 'completely on track' for the delayed Q2 FY27 SOP, with customer trials approved.
Call transcript, Q1 FY27 · 13 Aug 2026		On Track
FY26 CapexIn FY26, we expect a Capex of about Rs. 350 - 375 crores.
Call transcript, Q1 FY26 · 12 Aug 2025		Q1 FY26Q4 FY26:Achieved. Full year FY26 capex was INR 413 crores, in line with the revised guidance of ~INR 400 crores.
Call transcript, Q4 FY26 · 22 May 2026		Achieved

Source: Inve Guidance Tracker for Minda Corp · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

4 of Minda Corp's 20 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 17 more targets are in the full ledger.

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Price

₹594.35 −1.05% · −₹6.3

Last close 26 Oct 2026 · NSE · INR · Source: Inve

Performance +5.2% 1Y

₹500₹600₹700Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 6 Nov 2025Q3 FY26 — 11 Feb 2026Q4 FY26 — 22 May 2026Q1 FY27 — 13 Aug 2026

1Y: ₹565.05 on 24 Oct 2025 → ₹594.35. High ₹745.25 (18 Aug 2026), low ₹480.85 (13 Mar 2026).

Previous close
₹600.65
Market cap
₹14.2k Cr
52-week range
₹480.85 – ₹745.25
One year
+5.61%
Price to earnings (TTM to Jun 2026)
35.35×
Return on equity (TTM to Jun 2026)
16.62%

Overview

Symbol
NSE:MINDACORP
Industry
Consumer Discretionary
Exchange
NSE
Currency
INR

What Minda Corp does

Based on the company's own presentations, annual report and earnings calls.

Minda Corporation (Spark Minda) is an automotive systems supplier that designs and manufactures components across five verticals: vehicle access (smart keys, locksets), wiring harness and electrical distribution systems, instrument clusters/ADAS sensors, die-casting and interior plastics, and EV power electronics (motors, motor controllers, chargers). It sells to two-wheeler, three-wheeler, passenger vehicle, commercial vehicle and tractor OEMs in India and overseas, and also runs an aftermarket parts business. Growth is being pursued through joint ventures and associates in EV and switch technology alongside its own plants.

Segments

  • Vehicle Access
  • Wiring Harness & Connectors (Electrical Distribution Systems)
  • Clusters, ADAS & Sensors (Connected & Safe Mobility)
  • Die Casting & Interior Plastic (Light Weight & Sustainable)
  • EV Power Electronics (EV Drive Train Solutions)
  • Aftermarket & Others
Manufacturing plants
42
Group workforce
23,000+
Engineering headcount
950+
Patents filed (cumulative)
330+
R&D / engineering centres
7 Engineering Centres and 2 Advanced Engineering Centres
Geographic footprint
Plants and offices across India, ASEAN, Japan and Europe
Founded 1985Headquarters A-15, Ashok Vihar, Phase-I, Delhi-110052, India Company website

How the price took the results

close before → close after

Q1 FY27
−3.3%
13 Aug
Q4 FY26
+7.0%
22 May
Q3 FY26
+1.4%
11 Feb
Q2 FY26
−3.1%
6 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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