Minda Key Ratios
NSE: MINDACORP | BSE: 538962
₹712.65
As on 06-Nov-2026IST
Market cap
₹17,028 Cr
Revenue (TTM)
₹7,300 Cr
P/E Ratio
30.4
P/B Ratio
5.7
Div. Yield
0.2 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 18.58 | 42.59 | 32.84 | 18.26 | 20.92 |
| EBIT | 32.27 | 56.34 | 46.76 | 22.95 | 27.57 |
| Net Profit | 45.67 | 69.06 | 69.64 | 17.61 | 27.90 |
| EPS | -30.55 | 69.06 | 109.70 | 26.22 | 38.80 |
| Book Value | -- | -- | 15.29 | 16.96 | 17.27 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| 7.62 | 7.31 | 8.25 | 7.97 | 7.36 |
| Net Margin
| 4.67 | 5.39 | 6.33 | 4.47 | 4.70 |
| Return on equity
| 11.93 | 14.19 | 16.11 | 11.70 | 11.45 |
| Return on Capital
| 14.60 | 15.16 | -- | 13.69 | 13.76 |
| Return on Assets
| 5.97 | 7.13 | 7.78 | 5.35 | 5.76 |
| Debt to Equity (x)
| -- | -- | 0.11 | 0.48 | 0.61 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Minda
|
--
|
13.69
|
13.76
|
16.35
|
17.64
|
|
Peer Median
|
--
|
15.07
|
14.95
|
15.81
|
--
|
ROE
16.11
Higher than Peers by 3.21
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Minda
|
16.11
|
11.70
|
11.45
|
12.64
|
20.21
|
|
Peer Median
|
12.89
|
13.34
|
13.71
|
14.59
|
--
|
ROA
7.78
Lower than Peers by 0.22
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Minda
|
7.78
|
5.35
|
5.76
|
6.79
|
10.21
|
|
Peer Median
|
7.99
|
7.15
|
7.36
|
7.16
|
--
|
EBIT Margin
8.25
Lower than Peers by 0.57
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Minda
|
8.25
|
7.97
|
7.36
|
7.52
|
7.56
|
|
Peer Median
|
8.82
|
9.20
|
8.78
|
8.06
|
--
|
Net Margin
6.33
Lower than Peers by 0.47
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Minda
|
6.33
|
4.47
|
4.70
|
4.83
|
6.82
|
|
Peer Median
|
6.80
|
6.43
|
6.05
|
5.99
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Minda
|
--
|
8.03
|
8.58
|
8.24
|
9.82
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
32.84
Higher than Peers by 22.13
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Minda
|
32.84
|
22.33
|
8.71
|
8.16
|
44.50
|
|
Peer Median
|
10.72
|
22.99
|
10.70
|
9.28
|
--
|
EBIT Growth
46.76
Higher than Peers by 34.09
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Minda
|
46.76
|
32.56
|
6.32
|
7.63
|
77.02
|
|
Peer Median
|
12.67
|
30.36
|
16.60
|
12.38
|
--
|
Net Profit Growth
69.64
Higher than Peers by 54.48
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Minda
|
69.64
|
15.89
|
6.22
|
-23.51
|
59.57
|
|
Peer Median
|
15.16
|
19.77
|
17.23
|
16.60
|
--
|
EPS Growth
109.70
Higher than Peers by 97.99
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Minda
|
109.70
|
41.07
|
12.41
|
-20.14
|
48.25
|
|
Peer Median
|
11.70
|
16.08
|
14.59
|
12.90
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Minda
|
--
|
15.29
|
11.20
|
24.79
|
19.48
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.11
Higher than Peers by 0.06
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Minda
|
0.11
|
0.48
|
0.61
|
0.18
|
0.35
|
|
Peer Median
|
0.04
|
0.25
|
0.20
|
0.26
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Minda
|
--
|
0.25
|
0.37
|
0.07
|
0.20
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
0.97
Lower than Peers by 0.66
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Minda
|
0.97
|
0.94
|
0.86
|
1.80
|
1.25
|
|
Peer Median
|
1.63
|
1.56
|
1.65
|
1.50
|
--
|
Quick Ratio
0.62
Lower than Peers by 0.51
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Minda
|
0.62
|
0.61
|
0.56
|
1.32
|
0.80
|
|
Peer Median
|
1.14
|
0.96
|
1.11
|
1.09
|
--
|
Interest Coverage
5.95
Lower than Peers by 5.30
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Minda
|
5.95
|
4.11
|
5.89
|
6.40
|
8.06
|
|
Peer Median
|
11.24
|
9.97
|
9.86
|
10.04
|
--
|
Operating Efficiency
Debtors to sales
18.38
Higher than Peers by 1.46
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Minda
|
18.38
|
16.09
|
16.37
|
17.29
|
14.90
|
|
Peer Median
|
16.91
|
17.58
|
16.73
|
17.94
|
--
|
Asset Turnover
1.23
Higher than Peers by 0.14
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Minda
|
1.23
|
1.22
|
1.25
|
1.43
|
1.53
|
|
Peer Median
|
1.08
|
1.16
|
1.06
|
1.13
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Minda
|
--
|
52.70
|
57.64
|
55.60
|
50.15
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Minda
|
--
|
37.32
|
39.13
|
42.33
|
43.62
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Minda
|
--
|
92.31
|
86.57
|
86.71
|
84.97
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Minda
|
--
|
-2.30
|
10.19
|
11.22
|
8.79
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
30.44
Lower than Peers by 0.07
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Minda
|
30.44
|
33.60
|
50.47
|
43.99
|
18.07
|
|
Peer Median
|
30.51
|
32.29
|
30.10
|
31.45
|
--
|
Price / Book Value
5.72
Higher than Peers by 1.85
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Minda
|
5.72
|
4.77
|
5.86
|
5.05
|
3.24
|
|
Peer Median
|
3.87
|
3.84
|
3.44
|
3.71
|
--
|
Dividend Yield
0.20
Lower than Peers by 0.26
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Minda
|
0.20
|
0.28
|
0.26
|
0.33
|
0.56
|
|
Peer Median
|
0.46
|
0.40
|
0.50
|
0.46
|
--
|
EV/EBITDA
21.09
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Minda
|
21.09
|
17.86
|
23.23
|
19.11
|
11.55
|
|
Peer Median
|
--
|
24.65
|
21.48
|
24.61
|
--
|
Market Cap
17,028
Higher than Peers by 13,555
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Minda
|
17,028
|
12,108
|
12,889
|
9,995
|
5,140
|
|
Peer Median
|
3,474
|
2,798
|
2,631
|
1,798
|
--
|