Minda Financials
NSE: MINDACORP | BSE: 538962
₹707.25
As on 03-Sep-2026 11:29IST
Market cap
₹16,874 Cr
Revenue (TTM)
₹6,646 Cr
P/E Ratio
33.7
P/B Ratio
6.2
Div. Yield
0.2 %
Income Statement (₹ Cr) |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Operating Revenue
|
6,645.77
|
6,185.30
|
5,056.20
|
4,651.10
|
4,300.10
|
2,975.90
|
|||||
|
Total Income
|
6,659.33
|
6,200.50
|
5,088.60
|
4,666.80
|
4,315.90
|
3,000.10
|
|||||
|
Total Expenditure
|
5,869.34
|
5,462.80
|
4,480.00
|
4,135.50
|
3,837.00
|
2,680.30
|
|||||
|
EBITDA
|
776.43
|
722.50
|
576.20
|
515.60
|
463.10
|
295.60
|
|||||
|
Depreciation
|
242.30
|
229.50
|
204.30
|
165.80
|
138.10
|
112.00
|
|||||
|
EBIT
|
534.13
|
493.00
|
371.90
|
349.80
|
325.00
|
183.60
|
|||||
|
Interest
|
120.55
|
123.30
|
68.70
|
57.10
|
42.30
|
32.00
|
|||||
|
Other Income
|
13.56
|
15.20
|
32.40
|
15.70
|
15.80
|
24.20
|
|||||
|
Exceptional Items
|
122.57
|
-1.40
|
--
|
--
|
--
|
32.70
|
|||||
|
Profit before Tax
|
549.71
|
383.50
|
335.60
|
308.40
|
298.50
|
208.50
|
|||||
|
Provision for Tax
|
136.36
|
106.30
|
96.40
|
83.20
|
4.10
|
24.00
|
|||||
|
Profit after Tax
|
413.35
|
277.20
|
239.20
|
225.20
|
294.40
|
184.50
|
|||||
|
Minority Interest
|
1.82
|
2.00
|
--
|
--
|
--
|
--
|
|||||
|
Share of Associate
|
85.81
|
81.10
|
16.20
|
2.00
|
-9.90
|
7.40
|
|||||
|
Consolidated Profit
|
500.98
|
360.30
|
255.40
|
227.20
|
284.50
|
191.90
|
Liabilities (₹ Cr) |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Shareholder's Funds
|
2,643.51
|
2,643.50
|
2,202.20
|
1,980.60
|
1,590.80
|
1,330.10
|
|||||
|
Minority Interest
|
1.82
|
15.00
|
--
|
--
|
--
|
--
|
|||||
|
Non-Current Liabilities
|
691.82
|
681.30
|
709.10
|
343.80
|
342.10
|
230.10
|
|||||
|
Current Liabilities
|
2,145.08
|
2,145.10
|
1,962.40
|
1,102.40
|
1,268.90
|
1,006.90
|
|||||
|
Total Liabilities
|
5,495.42
|
5,486.60
|
4,873.70
|
3,426.80
|
3,209.10
|
2,567.10
|
Assets (₹ Cr) |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Non-Current Assets
|
3,328.17
|
3,467.30
|
3,195.80
|
1,447.30
|
1,618.40
|
1,022.10
|
|||||
|
Current Assets
|
2,017.57
|
2,017.60
|
1,677.90
|
1,979.50
|
1,583.40
|
1,545.00
|
|||||
|
Total Assets
|
5,495.42
|
5,486.60
|
4,873.70
|
3,426.80
|
3,209.10
|
2,567.10
|
|||||
|
Total Debt*
|
--
|
1,212.20
|
1,344.70
|
348.20
|
552.60
|
391.40
|
|||||
|
Net Current Assets
|
-127.51
|
-127.50
|
-284.50
|
877.10
|
314.50
|
538.10
|
|||||
|
Contingent Liabilities
|
--
|
99.00
|
2.10
|
83.73
|
48.90
|
55.50
|
Cashflow (₹ Cr) |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Cash From Operating Activities
|
--
|
675.60
|
544.40
|
286.80
|
387.40
|
166.80
|
|||||
|
Cash Flow from Investing Activities
|
--
|
-382.90
|
-1,408.70
|
116.70
|
-428.10
|
-7.30
|
|||||
|
Cash from Financing Activities
|
--
|
-267.40
|
788.50
|
-358.40
|
74.30
|
-160.80
|
|||||
|
Net Cash Inflow / Outflow
|
--
|
25.30
|
-75.80
|
45.10
|
33.60
|
-1.30
|
Financials Ratios |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Adjusted EPS (₹)
|
16.48
|
15.08
|
10.69
|
9.51
|
11.90
|
8.03
|
|||||
|
Cash EPS (₹)
|
20.95
|
21.20
|
18.56
|
16.36
|
18.10
|
12.41
|
|||||
|
Adjusted Book Value (₹)
|
114.00
|
106.15
|
92.08
|
82.80
|
66.35
|
55.54
|
|||||
|
Dividend per Share (₹)
|
0.20
|
1.40
|
1.40
|
1.40
|
1.20
|
1.00
|
|||||
|
Cash Flow per Share (₹)
|
--
|
28.27
|
22.78
|
12.00
|
16.21
|
6.98
|
|||||
|
Free Cash Flow per Share (₹)
|
--
|
7.08
|
6.21
|
0.34
|
5.76
|
4.08
|
Profitability Ratios |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
ROCE (%)
|
--
|
13.69
|
13.76
|
16.35
|
17.64
|
14.35
|
|||||
|
ROE (%)
|
15.51
|
11.70
|
11.45
|
12.64
|
20.21
|
14.93
|
|||||
|
ROA (%)
|
7.97
|
5.35
|
5.76
|
6.79
|
10.21
|
7.54
|
|||||
|
EBIT Margin (%)
|
8.04
|
7.97
|
7.36
|
7.52
|
7.56
|
6.17
|
|||||
|
Net Margin (%)
|
6.21
|
4.47
|
4.70
|
4.83
|
6.82
|
6.15
|
|||||
|
Cash Profit Margin (%)
|
--
|
8.03
|
8.58
|
8.24
|
9.82
|
9.74
|
Growth Ratios |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Revenue Growth (%)
|
26.59
|
22.33
|
8.71
|
8.16
|
44.50
|
25.68
|
|||||
|
EBIT Growth (%)
|
38.78
|
32.56
|
6.32
|
7.63
|
77.02
|
45.25
|
|||||
|
Net Profit Growth (%)
|
53.66
|
15.89
|
6.22
|
-23.51
|
59.57
|
105.92
|
|||||
|
EPS Growth (%)
|
95.33
|
41.07
|
12.41
|
-20.14
|
48.25
|
263.45
|
|||||
|
Book Value Growth (%)
|
--
|
15.29
|
11.20
|
24.79
|
19.48
|
16.01
|
Valuation Ratios |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Price / Earnings
|
33.68
|
33.60
|
50.47
|
43.99
|
18.07
|
25.77
|
|||||
|
Price / Book Value
|
6.19
|
4.77
|
5.86
|
5.05
|
3.24
|
3.73
|
|||||
|
Dividend Yield (%)
|
0.20
|
0.28
|
0.26
|
0.33
|
0.56
|
0.48
|
|||||
|
EV/EBITDA
|
22.71
|
17.86
|
23.23
|
19.11
|
11.55
|
15.64
|
|||||
|
Close Price (₹)
|
696.80
|
505.65
|
539.30
|
417.70
|
215.15
|
206.80
|
|||||
|
High Price (₹)
|
701.05
|
644.35
|
652.90
|
449.95
|
287.00
|
216.65
|
|||||
|
Low Price (₹)
|
445.05
|
445.05
|
388.80
|
204.60
|
163.50
|
91.35
|
|||||
|
Market Cap (₹ Cr)
|
16,874.23
|
12,107.72
|
12,889.27
|
9,994.75
|
5,139.91
|
4,945.05
|
Solvency Ratios |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Debt to Equity
|
0.15
|
0.48
|
0.61
|
0.18
|
0.35
|
0.29
|
|||||
|
Short term debt to equity ratio
|
--
|
0.25
|
0.37
|
0.07
|
0.20
|
0.20
|
|||||
|
Current Ratio
|
0.94
|
0.94
|
0.86
|
1.80
|
1.25
|
1.53
|
|||||
|
Quick Ratio
|
0.61
|
0.61
|
0.56
|
1.32
|
0.80
|
1.06
|
|||||
|
Interest Coverage
|
5.56
|
4.11
|
5.89
|
6.40
|
8.06
|
7.52
|
Operating Efficiency Ratios |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Debtors to sales (%)
|
14.97
|
16.09
|
16.37
|
17.29
|
14.90
|
19.11
|
|||||
|
Asset Turnover
|
1.28
|
1.22
|
1.25
|
1.43
|
1.53
|
1.24
|
|||||
|
Receivable days
|
--
|
52.70
|
57.64
|
55.60
|
50.15
|
60.58
|
|||||
|
Inventory Days
|
--
|
37.32
|
39.13
|
42.33
|
43.62
|
52.43
|
|||||
|
Payable days
|
--
|
92.31
|
86.57
|
86.71
|
84.97
|
104.49
|
|||||
|
Cash Conversion Cycle
|
--
|
-2.30
|
10.19
|
11.22
|
8.79
|
8.52
|