Minda Corp Share Price

Minda Corporation Limited is the leading manufacturer of automotive components in India. Minda Corp supplies parts and components to manufacturers of passenger vehicles, commercial vehicles, motorcycles and scooters, and off-road vehicles. It serves Tier-1 manufacturers by supplying die castings, gear locks, interior products, and mechanical components.

The company was incorporated in 1981 with the name Tarapur Cables Private Limited. Initially, the company dealt with wiring, horns and lamps in the automotive segment. In 1985, the company changed its name to Minda Wirelinks and started manufacturing for Indian clients and expanded to markets outside India.

In 1994, Minda Corp became a public limited company. The company also started with global distribution and joint ventures. It entered into a partnership with Huf Hulsbeck Furst GmbH & Co. of Germany to enter the ignition switches segment in 1996. The company was renamed as Minda Huf Limited.

In 2003-04, the auto ancillaries company started the production and sales of electronic security systems for original equipment manufacturers (OEMs) like Tata Motors, Mahindra & Mahindra, Hyundai, and Hero Honda. It also started catering to the replacement market of India. The company acquired Sylea Automotive India in 2003 and its name was changed to Minda Sai Limited. In 2006, the company’s joint venture agreement with Huf Hulsbeck Furst GmbH & Co. was terminated and it retained sole ownership over all the units and sales. In 2007, the name was again changed to Minda Corp, as it is known today.

The company entered the door systems market with a diversification inside the company structure to serve the Indian OEMs with European standards and service assistance. They also discontinued their four-wheeler security systems business in the same year to focus on new product lines for the market. The company acquired KTSN Kunststoffechnik Sachsen GmbH & Co. KG of Germany to expand the business in the European market. This move also made the latest technology in the field of interior systems available to the company.

In 2009-10, the company acquired the die-casting surface finishing and other business for four-wheelers. It established a design centre in Japan in the following years. Since 2010, the company has added innovative products and strong quality to their portfolio. Since the entry of electric vehicles in India, the company has also ventured into the production of EV components.

Minda Corp recently entered into a technology license agreement with Daesung Eltec, Korea, for ADAS systems and solutions for passenger vehicles, commercial vehicles and off road vehicles.

The market capitalisation of Minda Corporation Limited stood at over ₹9,700 crore as of February 7, 2024. Mind Corp share price has surged over 324% in the last three years.

Mind Corp business operations

Minda Corp supplies automotive components for the American and European markets and businesses from Indian automotive manufacturers. The company also caters to the off-market segment in India with the services sector for OEMs.

The company has a workforce of more than 16,000 employees. The company has filed around 32 patents in the automotive segment. The company operates manufacturing facilities in Greater Noida, Murbad (Mumbai), Kakkalur (Chennai), Pithampur (Indore), and Pune. In India, it has 7 offices in different regions to handle the clients from each region. The company also operates 2 international offices and 3 design offices.

Financial highlights

• The company’s revenue from operations stood at ₹4,300 crore in FY 23, 45% higher than ₹2,976 crore in FY22.
• Its EBITDA (Earnings before Interest, Tax, Depreciation, and Amortisation) was ₹461.5 crores as against ₹294.6 crores in FY22, reflecting a 57% rise.
• The EBITDA margin for FY23 was 10.7% compared to 9.9% in FY22.
• PAT (profit after tax) for FY23 was ₹284.5 crore compared to ₹192 crore in FY22.
• Capital employed for FY23 was ₹248.8 crore as against ₹107.7 crore in FY22.
• EPS (earnings per share) in FY23 stood at ₹12.1 as against ₹8.16 in FY22.

Minda Corp Share Price Today

As of 25 May 2026, Minda Corp share price is ₹585.35. The stock opened at ₹585.00, compared to its previous close of ₹574.65. During today's trading session, Minda Corp share price moved in the range of ₹577.00 to ₹603.75, with an average price of ₹590.38 for the day. Looking at its last 52-week, the stock has touched a low of ₹577.00 and a high of ₹603.75. On the performance front, Minda Corp share price has declined by 3.45% over the last six months and is up 12.28% on a year-on-year basis.

The market capitalization of Minda Corp is ₹13,705 Crs, with a P/E ratio of 47.9 and a dividend yield of 0.24%.