Minda Corporation Ltd
NSE:MINDACORP
Minda Corporation Ltd
In the vibrant tapestry of India's automotive industry, Minda Corporation Ltd. stands as a significant player, weaving its story through innovation and expansion. Established in the late 20th century, the company transformed from its beginnings, growing under the dynamic leadership of its founding family. Minda Corporation has adeptly navigated the evolving demands of the global automotive sector by focusing on high-quality components, making its mark in the production and supply of key automotive solutions. Its product portfolio is diverse, encompassing a range of automotive components such as mechatronics systems, information and connected systems, and lightweight parts. What propels Minda Corporation forward is its commitment to staying at the technological forefront, investing heavily in research and development to align its offerings with the constantly changing landscape of vehicle automation and connectivity.
Money flows into Minda Corporation's coffers through strategic partnerships with both domestic and international automotive giants. These alliances, along with its extensive distribution network, ensure that Minda's components are embedded in a vast number of vehicles across various markets. The company capitalizes on economies of scale, executing a precise balance between cost optimization and product quality, which enables competitive pricing and impressive market penetration. Additionally, its forward-thinking approach includes substantial investment in electric vehicle technology, seeking to capitalize on the shift towards sustainable and eco-friendly transportation solutions. As such, Minda Corporation not only thrives as a supplier of automotive components but also positions itself as a catalyst in the era of next-generation vehicles, driving growth through innovation and strategic collaboration.
In the vibrant tapestry of India's automotive industry, Minda Corporation Ltd. stands as a significant player, weaving its story through innovation and expansion. Established in the late 20th century, the company transformed from its beginnings, growing under the dynamic leadership of its founding family. Minda Corporation has adeptly navigated the evolving demands of the global automotive sector by focusing on high-quality components, making its mark in the production and supply of key automotive solutions. Its product portfolio is diverse, encompassing a range of automotive components such as mechatronics systems, information and connected systems, and lightweight parts. What propels Minda Corporation forward is its commitment to staying at the technological forefront, investing heavily in research and development to align its offerings with the constantly changing landscape of vehicle automation and connectivity.
Money flows into Minda Corporation's coffers through strategic partnerships with both domestic and international automotive giants. These alliances, along with its extensive distribution network, ensure that Minda's components are embedded in a vast number of vehicles across various markets. The company capitalizes on economies of scale, executing a precise balance between cost optimization and product quality, which enables competitive pricing and impressive market penetration. Additionally, its forward-thinking approach includes substantial investment in electric vehicle technology, seeking to capitalize on the shift towards sustainable and eco-friendly transportation solutions. As such, Minda Corporation not only thrives as a supplier of automotive components but also positions itself as a catalyst in the era of next-generation vehicles, driving growth through innovation and strategic collaboration.
Record Revenue: Minda Corporation reported its highest-ever quarterly revenue of INR 1,560 crores for Q3 FY26, up 25% year-on-year, outpacing the broader automotive industry.
Profit Growth: Profit after tax reached INR 84–88 crores for the quarter, reflecting a 36% year-on-year increase, with a PAT margin of 5.4%.
Stable Margins: EBITDA margin for Q3 was 11.8%, up 30 basis points year-on-year; management reiterated their focus on further margin improvement via localization and operational excellence.
Strong Order Book: Lifetime order book reached INR 2,000 crores for the quarter and INR 7,000 crores for the 9-month period, with notable wins in instrument clusters and sunroof segments.
Exports Recovering: Export business returned to normal levels after several subdued quarters, with management positive on future growth supported by recent trade agreements.
CapEx Commitment: Company spent INR 276 crores on capital expenditure in the first 9 months and plans to invest another INR 100 crores in the coming quarter, as part of a multi-year INR 2,000 crores investment plan.
Interim Dividend: Board recommended an interim dividend of 30%, or INR 0.60 per equity share.
Optimism Ahead: Management expects continued strength in commercial vehicles, ongoing capacity expansions, and is targeting improved returns on capital and a larger export footprint by 2030.
