Minda Corporation LimitedMINDACORPCorporate

Consumer Cyclical Auto Parts Latest results: Mar 2026 14 quarters of data

₹649.85

MCap ₹15,295 Cr · P/E 63.4

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₹1,370 Cr

Sales · Mar 2026

+26.5% YoY

₹170 Cr

Operating Profit · Mar 2026

+39.3% YoY

12.4%

OPM % · Mar 2026

+9.7% YoY

₹73 Cr

Net Profit · Mar 2026

+114.7% YoY

₹3.07

EPS · Mar 2026

+117.7% YoY

📝 Minda Corporation Limited — results explained

Quarter ended March 2026 (Q4 FY26)

Minda Corporation Limited reported revenue of ₹1,370 crore for the quarter ended March 2026 (Q4 FY26), up 26.5% from ₹1,083 crore in the same quarter last year, and up 8.7% sequentially over the December 2025 quarter.

Net profit rose 114.7% year-on-year to ₹73 crore, from ₹34 crore. Earnings per share (EPS) came in at ₹3.07.

Operating profit stood at ₹170 crore — an operating margin (OPM) of 12.4%, compared with 11.3% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, Minda Corporation Limited posted revenue of ₹5,014 crore, a growth of 21.0% over FY25, with a net profit of ₹241 crore (up 16.6% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹5,014 crore with a net profit of ₹241 crore.

Valuation snapshot

At the current price of ₹649.85, MINDACORP has a market capitalisation of ₹15,295 crore and a trailing P/E of about 63.4.

Within the Auto Parts industry, it is the 23rd-largest of the 27 companies we track by market value.

Shareholding pattern

As of Mar 2026, promoters held 64.84%, foreign institutional investors (FIIs) 8.80%, domestic institutional investors (DIIs) 18.82%, public shareholders 5.97% of Minda Corporation Limited.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close

Valuation

Market Cap ?

₹15,295 Cr

Current Price ?

₹649.9

P/E ?

63.40above ind

Industry P/E ?

39.20

P/B ?

6.88

P/S ?

3.05

P/FCF ?

N/A

Enterprise Value ?

₹16,779 Cr

EV/EBITDA ?

29.01

PEG ?

N/A

Earnings Yield ?

2.3%

Dividend Yield ?

0.21%

Profitability & Returns

Sales (TTM) ?

₹5,014 Cr

OPM ?

11.5%

Profit after tax (TTM) ?

₹241 Cr

EPS (TTM) ?

₹10.25

ROCE ?

12.0%

ROE ?

10.8%

ROA ?

5.1%

Growth

Sales — latest qtr ?

₹1,370 Cr

PAT — latest qtr ?

₹73 Cr

YoY qtr sales growth ?

26.5%

YoY qtr profit growth ?

114.7%

Sales growth (3y) ?

13%

Sales growth (5y) ?

17%

Profit growth (3y) ?

-3%

Profit growth (5y) ?

24%

Financial Health

Debt ?

₹1,484 Cr

Debt to Equity ?

0.67

Interest Coverage ?

3.1

Current Ratio ?

N/A

Ownership

Promoter holding ?

64.84%

Change in promoter holding ?

0.00%

Pledged percentage ?

N/A

Market

Return 3 months ?

-4.2%

Return 6 months ?

22.0%

🗓️ Quarterly results (14 quarters · ₹ Cr)

same fiscal quarter as Mar bestweakest per row · for costs (interest, NPAs) low is best Highlight

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	YoY %	QoQ %
Sales	869	885	880	990	969	1,005	967	1,058	1,037	1,083	1,135	1,249	1,260	1,370	+26.5%	+8.7%
Operating Profit	90	89	91	111	113	122	108	124	123	122	124	137	147	170	+39.3%	+15.3%
Other Income	3	4	2	2	2	9	9	13	10	6	10	4	26	8	+33.3%	-69.2%
Interest	10	12	14	15	14	12	10	11	12	34	33	31	29	30	-11.8%	+3.4%
Depreciation	27	31	32	34	34	36	38	42	42	48	47	48	48	49	+2.1%	+2.1%
Profit Before Tax	56	51	47	64	67	83	70	83	79	46	54	63	97	100	+117.4%	+3.1%
Net Profit	41	111	35	48	44	62	52	63	58	34	42	47	79	73	+114.7%	-8.1%
EPS	1.71	4.63	1.46	2.00	1.85	2.57	2.16	2.62	2.42	1.41	1.75	1.97	3.32	3.07	+117.7%	-7.5%
OPM %	10.3%	10.1%	10.3%	11.2%	11.7%	12.1%	11.2%	11.7%	11.8%	11.3%	10.9%	11.0%	11.7%	12.4%	+9.7%	+6.0%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric	FY25	FY26	TTM	YoY %
Sales	₹4,145 Cr	₹5,014 Cr	₹5,014 Cr	+21.0%
Operating Profit	₹477 Cr	₹578 Cr	₹578 Cr	+21.4%
OPM %	11.50%	11.54%	11.54%	+0.3%
NPM %	4.99%	4.81%	4.81%	-3.6%
Other Income	₹38 Cr	₹48 Cr	₹48 Cr	+24.6%
Depreciation	₹170 Cr	₹192 Cr	₹192 Cr	+12.7%
Interest	₹67 Cr	₹123 Cr	₹123 Cr	+83.9%
EBIT	₹306 Cr	₹386 Cr	₹386 Cr	+26.2%
PBT	₹278 Cr	₹314 Cr	₹314 Cr	+13.0%
Tax	₹21 Cr	₹12 Cr	₹12 Cr	-41.9%
Net Profit	₹207 Cr	₹241 Cr	₹241 Cr	+16.6%
EPS	₹8.61	₹10.11	₹10.11	+17.4%
Material Cost	₹634 Cr	₹697 Cr	₹697 Cr	+9.9%
Employee Cost	₹171 Cr	₹192 Cr	₹192 Cr	+12.5%
Extraordinary Items	—	₹-3 Cr	₹-3 Cr	—

🏛️ Balance Sheet (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Equity Capital	48	48	48	48	+0.0%
Reserves	1,332	1,686	1,858	2,176	+17.1%
Borrowings	729	538	1,625	1,484	-8.7%
Other Liabilities	736	735	845	991	+17.3%
Total Liabilities	2,844	3,006	4,376	4,700	+7.4%
Fixed Assets	786	949	1,210	1,303	+7.7%
CWIP	71	31	68	84	+23.5%
Investments	704	598	1,725	1,762	+2.1%
Other Assets	1,283	1,428	1,373	1,551	+13.0%
Total Assets	2,844	3,006	4,376	4,700	+7.4%

💧 Cash Flow (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Cash from Operating Activity	375	242	468	0	-100.0%
Cash from Investing Activity	-452	144	-1,368	0	+100.0%
Cash from Financing Activity	108	-354	822	0	-100.0%
Net Cash Flow	31	31	-78	0	+100.0%
Free Cash Flow	146	42	166	0	-100.0%
CFO/OP	107%	74%	113%	0%	-100.0%

➗ Ratios (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Debtor Days	50	58	55	52	-5.5%
Inventory Days	75	64	65	61	-6.2%
Days Payable	93	79	94	98	+4.3%
Cash Conversion Cycle	32	44	26	16	-38.5%
Working Capital Days	-0	24	-52	-36	+30.8%
ROCE %	15%	14%	12%	12%	+0.0%

👥 Shareholding (latest 4 periods)

Metric	Jun 2025	Sep 2025	Dec 2025	Mar 2026	% Chg
Promoters	64.84%	64.84%	64.84%	64.84%	+0.0%
FIIs	8.83%	8.72%	9.09%	8.80%	-3.2%
DIIs	18.17%	18.52%	18.43%	18.82%	+2.1%
Public	6.58%	6.35%	6.08%	5.97%	-1.8%
Others	1.57%	1.56%	1.56%	1.56%	+0.0%
No. of Shareholders	93,526	96,349	92,368	89,480	-3.1%

⚖️ Peer comparison

Industry: Auto Parts · top 25 of 27 companies · full page →

#	Company	CMP	MCap (Cr)	P/E	Sales TTM	NP TTM	OPM%	NPM%	Sales YoY%	NP YoY%	Qtr Rev Δ%	Qtr NP Δ%
1	MOTHERSON Samvardhana Motherson	₹164.45	173,186	39.6	131,135	4,556	9.6%	3.5%	10.9%	-1.4%	16.7%	77.5%
2	BOSCHLTD Bosch	₹48,385.00	142,717	60.4	21,088	2,363	13.4%	11.2%	10.8%	37.7%	22.0%	-36.7%
3	BHARATFORG Bharat Forge	₹1,944.90	92,983	131.7	17,543	715	16.9%	4.1%	11.2%	19.2%	18.7%	-131.7%
4	UNOMINDA Uno Minda	₹1,186.00	68,488	57.1	19,657	1,284	11.5%	6.5%	17.2%	25.9%	17.8%	21.8%
5	SCHAEFFLER Schaeffler India	₹3,950.00	61,740	49.3	10,505	1,253	18.2%	11.9%	18.3%	25.1%	17.3%	13.5%
6	MRF MRF	₹128,760.00	54,609	22.6	31,889	2,415	15.1%	7.6%	10.6%	29.5%	9.6%	-1.0%
7	SONACOMS Sona BLW	₹788.00	49,181	76.4	4,450	629	24.3%	14.1%	25.5%	4.8%	45.5%	14.2%
8	BALKRISIND Balkrishna Industries	₹2,164.00	41,834	29.8	11,519	1,405	22.0%	12.2%	3.6%	-24.9%	25.2%	56.4%
9	ENDURANCE Endurance Technologies	₹2,695.00	37,909	39.1	15,592	969	13.2%	6.2%	26.3%	13.7%	30.0%	8.0%
10	EXIDEIND Exide Industries	₹412.85	35,092	37.7	18,828	937	10.4%	5.0%	4.4%	7.5%	17.7%	27.9%
11	DHOOTTRANS Dhoot Transmission	₹1,575.90	32,235	—	—	—	—	—	—	—	49.7%	38.2%
12	CRAFTSMAN Craftsman Automation	₹11,699.00	30,598	60.3	8,717	465	15.6%	5.3%	41.8%	91.0%	36.3%	116.3%
13	SUNDRMFAST Sundram Fasteners	₹1,281.00	26,917	44.1	6,601	613	15.7%	9.3%	5.6%	9.4%	20.4%	14.0%
14	ZFCVINDIA ZF Commercial	₹2,363.50	26,898	53.9	4,192	499	15.8%	11.9%	7.4%	12.2%	9.3%	-14.6%
15	TVSHLTD TVS Holdings	₹12,827.00	25,952	—	—	—	—	—	-50.4%	-51.6%	68.7%	-26.7%
16	GABRIEL Gabriel India	₹1,344.00	25,756	90.3	4,523	264	8.6%	5.8%	16.2%	14.7%	29.4%	36.5%
17	SANSERA Sansera Engineering	₹4,115.50	25,682	78.9	3,342	325	18.9%	9.7%	14.0%	44.8%	36.4%	43.6%
18	APOLLOTYRE Apollo Tyres	₹401.55	25,401	18.6	28,471	1,372	14.6%	4.8%	9.0%	22.4%	14.2%	241.8%
19	ASAHIINDIA Asahi India	₹947.40	24,152	55.2	5,174	439	20.3%	8.5%	8.6%	-6.1%	15.0%	172.1%
20	BELRISE BELRISE INDUSTRIES	₹228.60	22,109	11.7	30,975	1,703	12.4%	5.5%	—	—	12.6%	8.9%
21	SHRIPISTON SPR Auto	₹4,361.10	20,230	34.1	4,970	574	18.9%	11.6%	28.3%	9.5%	53.1%	9.5%
22	TENNIND TENNECO CLEAN	₹468.10	18,893	9.7	17,189	1,958	16.8%	11.4%	—	—	20.1%	-1.8%
23	MINDACORP Minda	₹707.00	16,640	54.1	5,617	312	11.6%	5.5%	21.8%	36.5%	1.1%	-6.4%
24	JBMA JBM Auto	₹618.00	14,615	65.2	6,277	243	11.5%	3.9%	11.2%	11.1%	15.0%	13.4%
25	CIEINDIA CIE Automotive	₹379.20	14,385	15.9	9,997	903	14.8%	9.0%	10.6%	8.4%	10.6%	15.8%

❓ Frequently asked questions

What was Minda Corporation Limited's revenue in Q4 FY26?

What was Minda Corporation Limited's net profit in Q4 FY26?