Minda Corporation Ltd Share Price ₹637

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Minda Corporation Ltd

Quarter-by-quarter operating performance

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales +	1,075	1,075	1,196	1,166	1,215	1,192	1,290	1,253	1,321	1,386	1,535	1,560	1,704
Expenses +	958	960	1,065	1,036	1,076	1,061	1,143	1,109	1,168	1,230	1,357	1,377	1,500
Operating Profit	117	115	131	130	139	132	147	144	153	156	178	184	203
OPM %	11%	11%	11%	11%	11%	11%	11%	11%	12%	11%	12%	12%	12%
Other Income +	2	2	2	2	10	8	12	9	3	3	3	-1	8
Interest	12	14	15	14	12	10	11	12	34	33	31	29	30
Depreciation	39	39	41	42	44	46	51	50	57	56	57	58	59
Profit before tax	69	63	77	76	92	84	96	90	65	71	93	97	123
Tax %	-80%	27%	24%	33%	25%	26%	26%	29%	36%	26%	27%	33%	25%
Net Profit +	122	45	59	52	71	64	74	65	52	65	85	84	124
EPS in Rs	5.10	1.89	2.46	2.20	2.96	2.69	3.11	2.71	2.18	2.73	3.54	3.58	5.21

Financials of Minda Corporation Ltd

Annual income statement trend

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Sales +	1,965	2,435	2,060	2,594	3,092	2,813	2,368	2,976	4,300	4,651	5,056	6,185
Expenses +	1,778	2,206	1,868	2,316	2,797	2,558	2,148	2,680	3,837	4,134	4,480	5,464
Operating Profit	188	229	192	278	295	256	220	296	463	517	576	721
OPM %	10%	9%	9%	11%	10%	9%	9%	10%	11%	11%	11%	12%
Other Income +	23	29	27	27	80	-238	-8	56	16	15	32	14
Interest	39	37	30	40	51	54	39	32	42	57	69	122
Depreciation	60	74	58	74	88	118	94	112	138	166	204	230
Profit before tax	111	147	131	191	236	-154	80	208	298	308	336	383
Tax %	24%	25%	22%	25%	28%	29%	39%	12%	1%	27%	29%	28%
Net Profit +	88	110	102	143	169	-200	53	192	284	227	255	358
EPS in Rs	4.28	5.12	4.88	6.82	7.45	-8.79	2.21	8.03	11.90	9.50	10.68	15.07
Dividend Payout %	9%	10%	10%	9%	9%	-4%	29%	12%	10%	15%	13%	0%

Financials of Minda Corporation Ltd

Capital structure and asset base

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	41	42	42	42	45	45	48	48	48	48	48	48
Reserves	406	507	580	694	1,145	925	1,094	1,278	1,538	1,928	2,150	2,596
Borrowings +	521	562	549	728	685	625	532	511	718	540	1,614	1,471
Other Liabilities +	453	660	377	587	566	732	654	731	905	911	1,062	1,380
Total Liabilities	1,422	1,771	1,548	2,051	2,442	2,327	2,328	2,567	3,209	3,427	4,874	5,495
Fixed Assets +	571	719	530	711	732	570	613	887	1,026	1,207	1,507	1,630
CWIP	15	13	74	16	21	28	18	32	85	63	85	129
Investments	29	5	126	139	165	176	180	64	451	348	1,476	1,558
Other Assets +	807	1,034	818	1,184	1,524	1,552	1,517	1,583	1,647	1,809	1,806	2,178
Total Assets	1,422	1,771	1,548	2,051	2,442	2,327	2,328	2,567	3,209	3,427	4,874	5,495

Financials of Minda Corporation Ltd

Operating, investing and financing cash movement

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	304	226	48	70	209	450	86	167	387	287	544	676
Cash from Investing Activity +	-53	-158	-158	-200	-402	-137	-192	12	-425	116	-1,409	-383
Cash from Financing Activity +	-238	-29	67	122	203	-249	65	-161	74	-358	788	-267
Net Cash Flow	13	39	-43	-8	11	64	-42	18	37	44	-76	25
Free Cash Flow	223	134	-90	-124	91	304	-45	59	139	36	202	311
CFO/OP	175%	116%	41%	41%	91%	197%	48%	73%	91%	75%	111%	110%

Financials of Minda Corporation Ltd

Working capital efficiency and return ratios

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	59	65	66	80	64	51	68	70	54	63	60	59
Inventory Days	70	78	91	105	86	85	97	93	75	66	67	66
Days Payable	94	104	79	103	79	109	124	110	95	89	96	107
Cash Conversion Cycle	36	40	79	82	71	26	41	53	34	40	31	18
Working Capital Days	4	-7	6	14	3	-15	-6	25	13	31	-28	-16
ROCE %	16%	16%	12%	18%	16%	11%	10%	12%	16%	15%	13%	13%