Minda Corporation Ltd.
NSE: MINDACORP · Automobile & Ancillaries
Sector
Automobile & Ancillaries
Size band
Small cap
Market cap
12,066cr
P/E
59.7
ROE
11.3%
Dividend yield
0.3%
No price is shown on this page, live or delayed. It records what management said on the earnings call, and the company’s filings.
Measured against
Peer set
Auto Ancillaries - Others · 10 measured at Q1 FY27 · financials via Screener| Company | Operating margin | Revenue growth |
|---|---|---|
| Endurance Technologies Ltd. | 12.0% | 30.0% |
| ZF Commercial Vehicle Control Systems India Ltd. | 13.0% | 9.2% |
| Sansera Engineering Ltd. | 19.0% | 33.3% |
| Minda Corporation Ltd. | 11.0% | 33.2% |
| Jupiter Wagons Ltd. | 10.0% | 46.2% |
| Lumax Auto Technologies Ltd. | 14.0% | 32.9% |
| Banco Products (India) Ltd. | 18.0% | 22.1% |
| Suprajit Engineering Ltd. | 12.0% | 24.0% |
| Alicon Castalloy Ltd. | 9.0% | 38.3% |
| Munjal Auto Industries Ltd. | 6.0% | 42.4% |
| Munjal Showa Ltd. | 0.7% | 21.7% |
What management said
7 statements on recordEarnings call · Q1 FY27 · 19 Aug 2026
- Vision 2030 revenue→INR 17,500 crores· FY30 / Vision 2030
“we have shared is that we are going to reach our INR 17,500 crores on the five or six pillars”
- EBITDA margin→12.5% margin· by 2030
“we have already given a longer-term target to deliver 12.5% margin by 2030.”
- Capex→about INR 400-odd crore· this fiscal year
“during this fiscal year, we intend to spend about INR 400-odd crore in capex across various businesses.”
- EBITDA margin→11.5% to 12%· rest of the year
“we are seeing that during the rest of the year, if we can maintain a margin anywhere between 11.5% to 12%, we will be good.”
- Flash growth→20% to 24%
“But I think the company is destined to deliver a strong double-digit growth in the range of 20% to 24%. That is what we are targeting in so far as Flash is concerned.”
- Flash margin→16% to 17%· longer-term basis
“we are very confident that on a longer-term basis, the company should maintain a margin anywhere between 16% to 17%.”
- Switches revenue→about INR 150 crores· FY28
“So, the first year, which is FY28 next year, we are expected to reach somewhere again about INR 150 crores.”
Taken from management commentary on the company’s earnings call and quoted verbatim. These are statements of intent made by the company, not forecasts by Bharatstox, and nothing here records whether they were met.
On air
13 calls · outcomes not trackedRecorded as stated on air, with the analyst's SEBI registration status where it was given. Anchor calls carry no registration and are marked. Bharatstox does not make, endorse or repeat these calls, and none of them is our view.
| Channel & show | Aired | Stated target | Stated stop | Outcome |
|---|---|---|---|---|
| Zee BusinessZee Business · no registration attached | 30 Sep | +3.4% | -1.7% | still open |
| Zee BusinessZee Business · no registration attached | 30 Sep | +7.0% | -1.6% | still open |
| Zee BusinessZee Business · no registration attached | 30 Sep | +6.9% | -1.7% | still open |
| Zee BusinessZee Business · no registration attached | 29 Sep | +23.5% | — | still open |
| Zee BusinessZee Business · no registration attached | 29 Sep | +26.5% | — | still open |
| Zee BusinessZee Business · no registration attached | 29 Sep | +25.7% | — | still open |
| Zee BusinessZee Business · no registration attached | 29 Sep | +26.1% | — | still open |
| Zee BusinessZee Business · no registration attached | 29 Sep | +26.3% | — | still open |
| Zee BusinessZee Business · no registration attached | 29 Sep | +27.4% | — | still open |
| CNBC AwaazCNBC Awaax · no registration attached | 8 Sep | +1.0% | -1.8% | still open |
| NDTV ProfitNDTV Profit · no registration attached | 7 Sep | +31.9% | -15.6% | still open |
| NDTV ProfitNDTV Profit · no registration attached | 4 Aug | +5.5% | -3.6% | still open |
| NDTV ProfitNDTV Profit · no registration attached | 4 Aug | +5.5% | — | still open |
Shareholding
change across 4 filings| Category | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Change |
|---|---|---|---|---|---|
| Promoters | 64.8 | 64.8 | 64.8 | 64.8 | 0.0 |
| Foreign institutions | 9.3 | 8.8 | 9.1 | 8.7 | +0.6 |
| Domestic institutions | 17.9 | 18.8 | 18.4 | 18.5 | −0.6 |
| Retail & others | 8.0 | 7.5 | 7.6 | 7.9 | +0.1 |
As filed with the exchange for the periods ending Sep 25 to Jun 26.
Filings
latest 25 of 306- General Updates14 Oct 2026
- Disclosure of material issue12 Oct 2026
- Certificate under SEBI (Depositories and Participants) Regulations, 20187 Oct 2026
- General Updates5 Oct 2026
- Trading Window25 Sept 2026
- Change in Management24 Sept 2026
- Change in Company Secretary/Compliance Officer24 Sept 2026
- Outcome of Board Meeting24 Sept 2026
- Outcome of Board Meeting24 Sept 2026
- Outcome of Board Meeting24 Sept 2026
- Minda Corporation Limited has informed the Exchange regarding confirmation of Redemption / Payments of Interest and principal of Commercial Papers of INR 100 crores.22 Sept 2026
- Analysts/Institutional Investor Meet/Con. Call Updates21 Sept 2026
- Intimation regarding meeting with investors on 25th September 2026 in Mumbai, India21 Sept 2026
- Minda Corporation Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 24/09/2026 ,inter alia, to consider and approve Fund raising through issuance ....21 Sept 2026
- The Company has received ESG rating from "Niche Ninety Nine Capability and Certifications(OPC) Private Limited "Niche".15 Sept 2026
- General Updates15 Sept 2026
- Minda Corporation Limited has informed the Exchange regarding issuance of Commercial Papers of Rs. 100 crores on September 11, 2026.11 Sept 2026
- Minda Corporation Limited has informed the Exchange regarding confirmation of Redemption / Payment of Interest and Principal of Commercial Papers of INR 100 crores.4 Sept 2026
- Minda Corporation Limited has informed the Exchange regarding the Record date updates for redemption of Commercial Papers: ISIN INE842C14214- Record date: 03.09.2026, due date:04.09.2026; ....31 Aug 2026
- The Company is participating in Elara Conference themed Ashwamedh-Elara India Dialogue 2026 on 3rd September 2026 in Mumbai.31 Aug 2026
- General Updates31 Aug 2026
- Shareholders meeting21 Aug 2026
- Voting results for the resolutions passed at 41st AGM and Scrutinizer''s Report is attached21 Aug 2026
- Resignation of Director/KMP/SMP21 Aug 2026
- Resignation21 Aug 2026
The 25 most recent of 306 filings we hold for MINDACORP, back to January 2024. Every filing, by day.
Disclaimer
Guidance is quoted from management commentary on quarterly earnings calls; the words are the company's own and the targets are theirs, not ours. Peer comparisons use quarterly financials sourced from Screener, with every company measured at the same fiscal quarter; the peer set is companies sharing the same industry classification, and comparisons are descriptive, not a ranking or a view. Broadcast calls are reproduced as stated on air, attributed, with the analyst's SEBI registration status where given; they are not our calls and not our view. Filings are reproduced as companies filed them to the NSE and BSE; Bharatstox does not verify, endorse or comment on their contents. This page is for informational and educational purposes only and does not constitute investment advice, research, or a recommendation to buy or sell any security. Investing in securities markets is subject to market risks. Read all related documents carefully before investing.