Minda Corp. Ltd. (MINDACORP) AI Stock Analysis

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Minda Corp. Ltd.

(NSE:MINDACORP)

Select Model

Rating:68Neutral

Price Target:INR 689.00▼(-6.36% Downside)

Action:downgraded

Date:08/25/26

The overall score of 68 reflects a fundamentally sound company with strong revenue growth and a healthy balance sheet, which are the primary strengths. However, the score is constrained by a significant gross margin contraction and a high valuation multiple. Technical trends are moderately supportive but lack strong momentum.

Positive Factors

Strong Revenue ScalingThe 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.

Negative Factors

Gross Margin CompressionThe 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.

Minda Corp. Ltd. (MINDACORP) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 173.26B
Dividend Yield: 0.19%
Average Volume (3M): 21.79K
Price to Earnings (P/E): 31.0
Beta (1Y): 1.07
Revenue Growth: 32.84%
EPS Growth: 110.30%
Country: India
Employees: 3,405
Sector: General
Sector Strength: 55
Industry: Auto - Parts

Minda Corp. Ltd. Business Overview & Revenue Model

Company Description

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 a...

Minda Corp. Ltd. Financial Statement Overview

Summary

Strong revenue growth and healthy cash flows are offset by a sharp decline in gross margin to 18.2%, indicating cost pressures. The balance sheet is solid with moderate leverage and growing equity, supporting a score of 74.

Income Statement

70Positive

Balance Sheet

78Positive

Cash Flow

75Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	73.00B	61.85B	49.65B	45.80B	42.28B	29.27B
Gross Profit	16.04B	11.23B	16.88B	15.32B	13.49B	9.65B
EBITDA	8.55B	7.21B	6.04B	5.28B	4.74B	3.49B
Net Income	5.59B	3.60B	2.55B	2.27B	2.85B	1.92B
Balance Sheet
Total Assets	67.32B	54.95B	48.83B	34.39B	32.24B	25.72B
Cash, Cash Equivalents and Short-Term Investments	1.18B	1.38B	1.97B	4.58B	1.37B	3.03B
Total Debt	17.12B	14.71B	16.09B	5.35B	7.13B	5.06B
Total Liabilities	36.03B	28.37B	26.81B	14.58B	16.34B	12.42B
Stockholders Equity	29.76B	26.44B	22.02B	19.81B	15.91B	13.30B
Cash Flow
Free Cash Flow	0	1.85B	1.94B	348.00M	1.37B	583.00M
Operating Cash Flow	0	5.79B	5.44B	2.87B	3.87B	1.67B
Investing Cash Flow	0	-3.72B	-14.09B	1.16B	-4.28B	-90.00M
Financing Cash Flow	0	-1.82B	7.89B	-3.58B	743.00M	-1.35B

Minda Corp. Ltd. Technical Analysis

Technical Analysis SentimentPositive

Last Price735.80

Price Trends

50DMA670.20Positive

100DMA685.11Positive

200DMA619.66Positive

Market Momentum

MACD17.58Negative

RSI68.56Neutral

STOCH91.46Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MINDACORP, the sentiment is Positive. The current price of 735.80 is above the 20-day moving average (MA) of 657.64, above the 50-day MA of 670.20, and above the 200-day MA of 619.66, indicating a bullish trend. The MACD of 17.58 indicates Negative momentum. The RSI at 68.56 is Neutral, neither overbought nor oversold. The STOCH value of 91.46 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:MINDACORP.

Minda Corp. Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:MINDACORP against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:BOSCHLTD	76Outperform	INR 1.49T	54.99	―	0.54%	26.31%	-1.26%
IN:ENDURANCE	75Outperform	INR 354.65B	35.14	―	0.45%	31.99%	15.15%
IN:UNOMINDA	70Outperform	INR 795.75B	60.80	―	0.19%	25.26%	20.03%
IN:MINDACORP	68Neutral	INR 172.87B	30.98	―	0.19%	32.84%	110.30%
IN:MOTHERSON	68Neutral	INR 1.76T	36.78	―	0.36%	18.64%	44.93%
IN:VARROC	61Neutral	INR 126.86B	75.69	―	0.18%	21.74%	21.53%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

* General Sector Average

Performance Comparison

IN:MINDACORP and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:MINDACORP	Minda Corp. Ltd.	735.80	132.14	21.89%
IN:BOSCHLTD	Bosch Limited	49580.00	12409.33	33.38%
IN:ENDURANCE	Endurance Technologies Ltd.	2539.20	-132.35	-4.95%
IN:MOTHERSON	Samvardhana Motherson International Limited	164.80	55.38	50.61%
IN:UNOMINDA	UNO Minda Limited	1375.55	78.66	6.07%
IN:VARROC	Varroc Engineering Limited	838.45	193.52	30.01%

Minda Corp. Ltd. Corporate Events

Minda Corporation Injects Rs. 18 Crore into Switch-Making Subsidiary via Rights Issue

Oct 5, 2026

Minda Corporation Limited has increased its investment in subsidiary Spark Minda-Toyodenso India Private Limited by acquiring an additional 1.8 crore equity shares at par value, for a total cash consideration of Rs. 18 crore, via a rights issue compl...

Minda Corp Receives Unsolicited ESG Rating of 66

Sep 15, 2026

Minda Corporation Limited has disclosed that Niche Ninety Nine Capability and Certifications has assigned the company an ESG rating of 66, based on information available in the public domain. The company emphasized that it did not commission this ass...

Minda Corporation Files Voting Results and Scrutinizer’s Report for 41st AGM

Aug 21, 2026

Minda Corporation Limited has informed the stock exchanges that it held its 41st Annual General Meeting on August 21, 2026, conducted via video conferencing and other audio-visual means. The meeting notice was circulated electronically to shareholder...

Minda Corporation Files Q1 FY27 Earnings Call Transcript With Exchanges

Aug 19, 2026

Minda Corporation Limited has notified the stock exchanges that it has released the transcript of its Q1 FY27 earnings conference call held with investors and analysts on August 13, 2026. The disclosure is made under Regulation 30 of SEBI’s listing o...

Minda Corp Publishes Q1 FY27 Audited Results in Leading Dailies

Aug 14, 2026

Minda Corporation Limited has notified stock exchanges that it has published its audited standalone and consolidated financial results for the quarter ended June 30, 2026 in leading newspapers. The disclosure, made in line with SEBI’s Listing Obligat...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 25, 2026

Minda Corp. Ltd. AI Stock Analysis