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Minda Corp. Ltd. (MINDACORP) Stock Price & Analysis
MINDACORP Stock Chart & Stats
- Day’s Range
- INR 630.10 - INR 642.90
- 52-Week Range
- INR 468.65 - INR 769.00
- Previous Close
- INR 642.75
- Volume
- 363.76K
- Average Volume (3M)
- 12.18K
- Market Cap
- INR 151.03B
- Enterprise Value
- INR 134.56B
- Total Cash (Recent Filing)
- INR 1.38B
- Total Debt (Recent Filing)
- INR 0
- Price to Earnings (P/E)
- 29.7
- Beta
- 0.99
- Next Earnings
- Nov 03, 2026 (Est.)
- EPS Estimate
- N/A
- Last Dividend Ex-Date
- Aug 14, 2026
- Dividend Yield
- 0.22%
Bulls Say, Bears Say
Bulls Say
Strong Revenue Scaling
The substantial multi-year increase in revenue indicates expanding business scale and sustained customer demand across the company’s automotive component portfolio. Continued growth strengthens operating leverage, supports investment in capacity and products, and can reinforce Minda’s position with OEM customers over the next several quarters.
Improving Operating Profitability
Improving EBITDA and EBIT margins show that revenue growth is translating into stronger operating earnings rather than remaining purely volume-driven. This enhances internal funding capacity and provides a more durable earnings base, although maintaining these gains will depend on controlling costs after the recent gross-margin pressure.
Adequate Capital Base
Steady equity growth alongside asset expansion supports the company’s ability to fund a larger operating platform, while the lower debt-to-equity ratio indicates improved leverage compared with the prior year. This provides financial capacity for ongoing expansion and some resilience as long as profitability remains stable.
Bears Say
Gross Margin Compression
The marked decline in gross margin signals pressure on the economics of the company’s underlying products or inputs, even while operating margins improved. If this compression persists, it could limit the benefit of revenue growth, reduce earnings conversion, and make future profitability more sensitive to cost movements.
Moderate Free-Cash-Flow Conversion
Positive operating cash flow is encouraging, but converting only about one-third of net income into free cash flow indicates that cash realization remains weaker than reported profitability. Working-capital needs or reinvestment requirements could therefore constrain internally funded growth and reduce flexibility for capital allocation.
Debt-Funded Growth Sensitivity
Although leverage improved year over year, the sharp increase in debt from FY2024 means expansion has relied more heavily on borrowing. Higher obligations can increase refinancing and interest-rate sensitivity, leaving less flexibility if gross margins weaken or operating cash conversion remains moderate.
Minda Corp. Ltd. News
MINDACORP FAQ
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Company Description
Minda Corp. Ltd.
Minda Corporation Limited specializes in the production and sale of a wide array of automotive components and parts. Its extensive product catalog includes advanced electronic and mechanical security solutions, such as ignition switch-steering lock assemblies, smart key systems, mechatronic handles, and vehicle immobilizers. The company also manufactures high-precision die-cast components, including aluminum high-pressure die castings and compressor housings, as well as crucial electrical parts like starter motors and alternators. For information and connectivity within vehicles, Minda offers instrument clusters, intricate wiring harnesses, steering roll connectors, junction boxes, and a variety of sensors for parameters such as position, temperature, speed, and exhaust gas temperature. Its plastics and interiors division supplies items like air vents, glove boxes, center consoles, cup holders, ash trays, louvers, oil sumps, cylinder heads, and battery trays. Furthermore, the company provides a comprehensive range of aftermarket products, including filters, clutch plates, bearings, wiper blades, brake shoes and pads, locks, window regulators, and control cables. Minda is also actively developing products for electric vehicles, advanced connected systems, antenna technology, and surface mounting technology. The company's offerings cater to diverse segments, including two and three-wheelers, passenger vehicles, commercial vehicles, and off-road vehicles. With a global footprint, it conducts operations in India, other parts of Asia, Europe, North America, and South America. Founded in 1958, the Noida, India-based enterprise was previously known as Minda Switch Auto Pvt. Ltd. before rebranding to Minda Corporation Limited in 2007. It functions as a subsidiary of the Spark Minda, Ashok Minda Group.
- Sector
- General
- Industry
- Auto - Parts
- CEO
- Ashok Minda
- Employees
- 3,405
- Website
- www.sparkminda.com
- Address
- D-6-11, Sector-59, Noida, UP, 201301, IN
Minda Corp. Ltd. (MINDACORP) Earnings & Revenues
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 8 | 6 | 8 |
| Technical Analysis | 2 | 6 | 2 |
| Moving Averages | 6 | 0 | 6 |
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