Minda Peer Comparison

NSE: MINDACORP | BSE: 538962

₹702.80

₹12.15 (1.76%)

As on 28-Aug-2026IST

Market cap

₹16,780 Cr

Revenue (TTM)

₹6,646 Cr

P/E Ratio

33.5

P/B Ratio

6.2

Div. Yield

0.2 %

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	Minda	ZF Commercial	TVS Holdings	Asahi India Glass	Gabriel India
Market cap (₹ Cr)	16,780	29,160	27,219	24,315	24,231
Revenue (₹ Cr)	6,646	4,210	62,488	5,175	4,994
Net Profit (₹ Cr)	413.35	499.25	3,932.48	439.52	255.62
Net Margin (%)	6.21	11.45	6.29	8.44	5.09
RoE (%)	15.51	14.23	33.19	11.70	23.29
Price to Earnings	33.49	58.41	13.81	55.56	81.41
Price-To-Book	6.16	7.59	3.56	5.96	16.86

Income Statement (₹ Cr)

	Minda	ZF Commercial	TVS Holdings	Asahi India Glass	Gabriel India
Operating Revenue	6,645.77	4,209.56	62,488.49	5,174.58	4,522.68
Total Income	6,659.33	4,361.78	62,553.78	5,210.66	4,584.46
Total Expenditure	5,869.34	3,548.23	52,548.33	4,124.19	4,134.18
EBITDA	776.43	661.34	9,940.16	1,050.39	388.51
Depreciation	242.30	131.37	1,455.07	297.63	81.02
EBIT	534.13	529.97	8,485.09	752.76	307.49
Interest	120.55	5.23	2,663.23	191.26	7.85
Other Income	13.56	152.22	65.29	36.08	61.78
Exceptional Items	122.57	-7.94	-50.40	-11.74	-13.35
Profit before Tax	549.71	669.02	5,836.75	585.84	348.07
Provision for Tax	136.36	169.77	1,904.27	146.32	84.56
Profit after Tax	413.35	499.25	3,932.48	439.52	263.51

	Minda	ZF Commercial	TVS Holdings	Asahi India Glass	Gabriel India
Shareholder's Funds	2,643.51	3,690.58	6,465.73	3,932.09	1,333.11
Minority Interest	1.82	0.00	-1,918.02	-1.74	0.00
Non-Current Liabilities	691.82	76.03	2,519.47	2,206.53	70.30
Current Liabilities	2,145.08	658.89	48,596.08	1,631.55	704.52
Total Liabilities	5,486.60	4,425.50	63,652.67	7,772.25	--

	Minda	ZF Commercial	TVS Holdings	Asahi India Glass	Gabriel India
Non-Current Assets	3,328.17	706.49	11,526.43	4,601.49	701.22
Current Assets	2,017.57	3,492.80	46,397.13	2,329.69	1,306.17
Total Assets	5,486.60	4,425.50	63,652.67	7,772.25	--
Total Debt*	1,212.20	0.00	36,156.34	2,058.67	--
Net Current Assets	-127.51	2,833.91	-2,198.95	698.14	601.65
Contingent Liabilities	99.00	58.89	813.17	1,124.94	--

	Minda	ZF Commercial	TVS Holdings	Asahi India Glass	Gabriel India
Cash From Operating Activities	675.60	810.16	1,137.30	501.69	--
Cash Flow from Investing Activities	-382.90	-707.43	-3,014.56	-665.03	--
Cash from Financing Activities	-267.40	-52.09	1,791.61	244.98	--
Net Cash Inflow / Outflow	25.30	50.64	-85.65	81.64	--

	Minda	ZF Commercial	TVS Holdings	Asahi India Glass	Gabriel India
ROCE (%)	13.69	20.23	19.39	11.84	--
ROE (%)	15.51	14.23	33.19	11.70	21.35
ROA (%)	7.97	12.16	6.65	6.04	13.53
EBIT Margin (%)	8.04	12.59	13.58	14.55	6.80
Net Margin (%)	6.21	11.45	6.29	8.44	5.75
Cash Profit Margin (%)	0.00	0.00	0.00	0.00	0.00

	Minda	ZF Commercial	TVS Holdings	Asahi India Glass	Gabriel India
Revenue Growth (%)	26.59	9.03	31.97	10.32	17.45
EBIT Growth (%)	38.78	6.91	35.12	33.40	14.08
Net Profit Growth (%)	80.48	3.22	48.49	27.62	19.60
EPS Growth (%)	53.66	-13.55	57.73	30.71	17.94
Book Value Growth (%)	15.29	14.81	37.93	47.32	--

	Minda	ZF Commercial	TVS Holdings	Asahi India Glass	Gabriel India
Price / Earnings	42.58	11.62	13.69	54.47	75.58
Price / Book Value	6.16	7.59	3.56	5.96	17.16
Dividend Yield (%)	0.20	0.03	0.64	0.21	0.37
EV/EBITDA	22.98	40.72	5.80	24.87	61.79
Market Cap (₹ Cr)	12,107.72	26,393.36	28,268.90	20,024.76	--

	Minda	ZF Commercial	TVS Holdings	Asahi India Glass	Gabriel India
Debt to Equity	0.15	0.00	0.00	0.40	0.00
Short term debt to equity ratio	0.25	--	1.17	0.03	--
Current Ratio	0.94	5.30	0.95	1.43	1.85
Quick Ratio	0.61	4.87	0.95	0.68	1.41
Interest Coverage	5.56	128.89	3.19	4.06	45.37

	Minda	ZF Commercial	TVS Holdings	Asahi India Glass	Gabriel India
Debtors to sales (%)	14.97	22.37	4.30	9.83	14.00
Asset Turnover	1.28	1.03	1.06	0.71	2.32
Receivable days	52.70	89.54	13.92	34.82	--
Inventory Days	37.32	20.50	15.30	85.94	--
Payable days	92.31	62.65	92.21	233.34	--
Cash Conversion Cycle	-2.30	47.39	-63.00	-112.59	--

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.