Minda Key Ratios
NSE: MINDACORP | BSE: 538962
₹698.20
As on 28-Aug-2026 09:54IST
Market cap
₹16,523 Cr
Revenue (TTM)
₹6,646 Cr
P/E Ratio
33
P/B Ratio
6.1
Div. Yield
0.2 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 8.36 | 33.22 | 26.59 | 15.05 | 19.31 |
| EBIT | -1.28 | 42.48 | 38.78 | 18.12 | 25.78 |
| Net Profit | -19.42 | 50.40 | 53.66 | 12.44 | 27.06 |
| EPS | 65.34 | 215.46 | 95.33 | 21.81 | 38.94 |
| 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 | 8.04 | 7.97 | 7.36 |
| Net Margin
| 4.67 | 5.39 | 6.21 | 4.47 | 4.70 |
| Return on equity
| 11.93 | 14.19 | 15.51 | 11.70 | 11.45 |
| Return on Capital
| 14.60 | 15.16 | -- | 13.69 | 13.76 |
| Return on Assets
| 5.97 | 7.13 | 7.97 | 5.35 | 5.76 |
| Debt to Equity (x)
| -- | -- | 0.15 | 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
|
--
|
15.89
|
14.95
|
15.81
|
--
|
ROE
15.51
Higher than Peers by 2.44
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Minda
|
15.51
|
11.70
|
11.45
|
12.64
|
20.21
|
|
Peer Median
|
13.06
|
14.57
|
13.71
|
14.59
|
--
|
ROA
7.97
Lower than Peers by 0.15
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Minda
|
7.97
|
5.35
|
5.76
|
6.79
|
10.21
|
|
Peer Median
|
8.11
|
7.56
|
7.36
|
7.16
|
--
|
EBIT Margin
8.04
Lower than Peers by 0.94
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Minda
|
8.04
|
7.97
|
7.36
|
7.52
|
7.56
|
|
Peer Median
|
8.98
|
9.16
|
8.78
|
8.06
|
--
|
Net Margin
6.21
Lower than Peers by 0.68
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Minda
|
6.21
|
4.47
|
4.70
|
4.83
|
6.82
|
|
Peer Median
|
6.89
|
6.49
|
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
26.59
Higher than Peers by 16.63
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Minda
|
26.59
|
22.33
|
8.71
|
8.16
|
44.50
|
|
Peer Median
|
9.97
|
17.58
|
10.70
|
9.28
|
--
|
EBIT Growth
38.78
Higher than Peers by 27.25
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Minda
|
38.78
|
32.56
|
6.32
|
7.63
|
77.02
|
|
Peer Median
|
11.53
|
17.88
|
16.60
|
12.38
|
--
|
Net Profit Growth
53.66
Higher than Peers by 39.22
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Minda
|
53.66
|
15.89
|
6.22
|
-23.51
|
59.57
|
|
Peer Median
|
14.45
|
13.62
|
17.23
|
16.60
|
--
|
EPS Growth
95.33
Higher than Peers by 84.12
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Minda
|
95.33
|
41.07
|
12.41
|
-20.14
|
48.25
|
|
Peer Median
|
11.20
|
12.19
|
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
0.15
Higher than Peers by 0.11
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Minda
|
0.15
|
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
0.94
Lower than Peers by 0.72
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Minda
|
0.94
|
0.94
|
0.86
|
1.80
|
1.25
|
|
Peer Median
|
1.66
|
1.60
|
1.65
|
1.50
|
--
|
Quick Ratio
0.61
Lower than Peers by 0.57
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Minda
|
0.61
|
0.61
|
0.56
|
1.32
|
0.80
|
|
Peer Median
|
1.18
|
1.06
|
1.11
|
1.09
|
--
|
Interest Coverage
5.56
Lower than Peers by 5.73
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Minda
|
5.56
|
4.11
|
5.89
|
6.40
|
8.06
|
|
Peer Median
|
11.29
|
9.68
|
9.86
|
10.04
|
--
|
Operating Efficiency
Debtors to sales
14.97
Lower than Peers by 1.94
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Minda
|
14.97
|
16.09
|
16.37
|
17.29
|
14.90
|
|
Peer Median
|
16.91
|
17.05
|
16.73
|
17.94
|
--
|
Asset Turnover
1.28
Higher than Peers by 0.22
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Minda
|
1.28
|
1.22
|
1.25
|
1.43
|
1.53
|
|
Peer Median
|
1.06
|
1.13
|
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
32.98
Lower than Peers by 2.28
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
|
32.98
|
33.60
|
50.47
|
43.99
|
18.07
|
|
Peer Median
|
35.26
|
35.61
|
30.10
|
31.45
|
--
|
Price / Book Value
6.06
Higher than Peers by 1.46
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
|
6.06
|
4.77
|
5.86
|
5.05
|
3.24
|
|
Peer Median
|
4.60
|
4.29
|
3.44
|
3.71
|
--
|
Dividend Yield
0.20
Lower than Peers by 0.19
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
|
0.39
|
0.38
|
0.50
|
0.46
|
--
|
EV/EBITDA
22.26
--
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
|
22.26
|
17.86
|
23.23
|
19.11
|
11.55
|
|
Peer Median
|
--
|
25.88
|
21.48
|
24.61
|
--
|
Market Cap
16,523
Higher than Peers by 11,776
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Minda
|
16,523
|
12,108
|
12,889
|
9,995
|
5,140
|
|
Peer Median
|
4,747
|
3,576
|
2,631
|
1,798
|
--
|