Minda Corporation

Quick check

The five things to look at first. Open one for more.

• DebtHigh safetyRated AA by 2 agencies.
• ResultsGrowingIn the Jun 2026 quarter, sales rose 33% and profit rose 217% from a year earlier.
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersSteadyThe promoters (founders or parent) own 65% of the company, about the same as in Jun 2025.
• ValuationNormal for this stockThe share trades at 37.4 times its yearly earnings (P/E), cheaper than 57% of the time in the last 5 years. Its usual P/E is about 26.

Minda Corporation against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)37.4 against a typical 27.4: pricier than most peers (1st = cheapest).104th of 153
• Sales growth+33.2% against a typical +20.7% from a year earlier.39th of 142
• Profit growth+216.9% against a typical +15.3% from a year earlier.9th of 127
• Share price, 3 months−9% against a typical −4.4%.88th of 142
• Size₹ 14,420.2 Cr. market value against a typical ₹ 728 Cr. (1st = largest).20th of 138

Exchange filings and their impact on the company.

• 14 Oct 2026General UpdatesLow impactPositivePrice −2.8% on 15 Oct
  Small captive solar stake to cut power costs with negligible near-term financial impact.

  Minda Corporation has executed a Share Subscription Agreement with Avener Green Private Limited and Agganga Energy Private Limited on 14 October 2026. Detailed commercial terms were in Annexure A which had no extractable figures, but the structure matches a captive renewable power investment. This is a small ESG and cost-saving move that should modestly reduce electricity costs over the next year without changing the company's scale.

  Full analysisFiling
• 12 Oct 2026Disclosure of material issueLow impactPositivePrice +0.1% on 13 Oct
  Minda Corp to buy 26% of Sunsure solar unit for captive green power in a small, marginally positive move.

  Minda Corporation has signed a share subscription agreement with Sunsure Energy and Sunsure Solarpark Sixteen to acquire a 26% equity stake in the solar park company. No investment size was disclosed in the filing. The structure indicates a captive renewable power arrangement to source green electricity for its plants, which should marginally reduce power costs with negligible balance-sheet impact.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Ashok Minda

Whole Time Chairman of the Board, Group Chief Executive Officer

Supratik Roy

Chief Executive Officer - Emerging Business

Ashim Vohra

Group Chief Operating Officer

Pardeep Mann

Compliance Officer, Company Secretary

Aakash Minda

Executive Director

Naresh Kumar Modi

Executive Director, Chief Executive Officer of Minda Instruments Limited