Minda Corporation Ltd
Minda Corporation Ltd Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Q4 FY26 earnings call: what management guided on revenue, margins and order book.
What the Q4 FY26 call signalled
3 of 4 strong
Not discussed on this call: fundraise.
The short version
The company aims to triple group revenue from INR 9,000 crores (including Flash Electronics and Minda VAST) to INR 17,500 crores by FY30, implying a CAGR of ~22-25%. Minda Corporation targets revenue of INR 17,500 crores by FY30, implying around 19-22% CAGR from a current consolidated revenue base of ~INR 9,000 crores.
From Minda Corporation Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- The company aims to triple group revenue from INR 9,000 crores (including Flash Electronics and Minda VAST) to INR 17,500 crores by FY30, implying a CAGR of ~22-25%.
- For FY27, management targets at least 20% revenue growth to stay on track for FY30 vision.
- Growth guidance is to outperform the industry by at least 50%, with industry expected growth around 10%, so company aims for 15%+ growth annually.
- Lifetime order book stands at INR 10,000 crores with execution timelines generally between 48 to 60 months, suggesting steady revenue visibility.
- Growth drivers include: organic growth, inorganic growth (JV, M&A), premiumization, export-led growth, new product launches, and increased penetration.
- Segment-wise, 2-wheelers and Commercial Vehicles are showing strong volume growth (above 20%), Passenger Vehicle segment expected to grow north of 20%.
- New JVs and product ramp-ups (e.g., switches, sunroofs, TPMS) are expected to contribute meaningfully in the coming years.
Profitability & Margins
See what Minda Corporation Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Capex for FY27 is expected to be in the range of INR 400-450 crores, up about 10% from previous years' INR 350-400 crores.
- Investments are focused on expanding manufacturing capacities including:
- - Commissioning of the second plant for advanced electronics technologies (instrument cluster and cockpit) by Q1 of next year.
- - Die casting plant in Pune under commissioning with 18 months timeline, focusing on export-related facilities.
- Strategic investments in joint ventures like Turntide for advanced motor technology (magnet-less motors), with SOP starting in 5-6 months.
- Focus on localization from SOP stage across products and joint ventures to strengthen supply chain resilience.
- Acquisition of land parcels in industrial clusters to facilitate future expansion and establish new plants.
- Continued investment in R&D for core technologies and premium electronic product development aligned with the EV and system solution offerings.
Top-ranked in Auto Components
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Minda Corporation Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Minda Corporation has a lifetime order book of INR 10,000 crores as registered throughout the year (Page 18).
- The execution timeline for the order book ranges between 48 to 60 months, with some orders spanning up to 5-6 years (Page 18).
- During the recent quarter, a lifetime order book of INR 3,500 crores was recorded (Page 6).
- Approximately 20% of the lifetime order book comes from exports (Page 6).
- The company secured multiple platform-level instrument cluster orders from several leading OEMs (Page 6).
- The order book includes products across multiple segments such as 2-wheelers, passenger vehicles, commercial vehicles, and exports (Page 16, 18).
- Some joint ventures like Turntide have won orders already, with SOP expected in 5-6 months (Page 20).
Minda Corporation Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹1.7K Cr, net profit ₹124 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
Full financials →Continue your research
What Minda Corporation Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q3 FY25 earnings call analysis →
- Q4 FY25 earnings call analysis →
- Q2 FY26 earnings call →
- Q1 FY26 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
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Frequently Asked Questions
What were Minda Corporation Ltd Q4 FY26 results?
The company aims to triple group revenue from INR 9,000 crores (including Flash Electronics and Minda VAST) to INR 17,500 crores by FY30, implying a CAGR of ~22-25%. Minda Corporation targets revenue of INR 17,500 crores by FY30, implying around 19-22% CAGR from a current consolidated revenue base of ~INR 9,000 crores.
What is Minda Corporation Ltd share price analysis?
Minda Corporation Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 48.6 with a market cap of ₹17,285 Cr. Investors should review the full earnings analysis for detailed insights.
Is Minda Corporation Ltd planning capital expenditure?
Capex for FY27 is expected to be in the range of INR 400-450 crores, up about 10% from previous years' INR 350-400 crores.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.