Minda Corporation share price today

Minda Corporation Ltd's share price was ₹678.55 at the close on 4 November 2026. It has been rising for 21 weeks. That is 7.7% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹481 and ₹728, and at that close it sat 80% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Minda Corporation Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 1 week in a row.

Over the last 11 years the share price moved +608% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: revenue up on a year earlier for 11 quarters in a row (every quarter we can compare), highest quarterly profit in 15 quarters and profit up on a year earlier for 5 quarters in a row.

1. Revenue up on a year earlier for 11 quarters in a row (every quarter we can compare)

   In the June 2026 quarter revenue was ₹1,846 crore, +33.2% on a year earlier.

   Why: Sales rose because several businesses grew, led by wiring harness and instrument cluster sales.

   Next results: check whether the new Turntide, sunroof and switch programs start production on time.

   From the earnings call on 13 Aug 2026.

2. Highest quarterly profit in 15 quarters

   Profit of ₹206 crore in the June 2026 quarter is the highest of the last 15 quarters.

   Why: Reported profit was boosted by a one time gain of Rs 106 crore.

   Next results: check whether the operating profit margin stays at least at the June quarter level and below 12%.

   From the earnings call on 13 Aug 2026.

3. Profit up on a year earlier for 5 quarters in a row

   In the June 2026 quarter profit was ₹206 crore, +216.9% on a year earlier.

For April to June 2026 (the quarter ended 30 June 2026), Minda Corporation reported revenue of ₹1,846 crore, up 33.2% from ₹1,386 crore a year earlier, and a profit of ₹206 crore, up 216.9% from ₹65.0 crore.

Minda Corporation results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Minda Corporation's management discussed these results on a call held on 13 August 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Minda Corporation closed at ₹678.55 on 4 November 2026, up 17.2% from ₹579.20 a year earlier (7 November 2025) and up 287.0% over five years. Its highest weekly close since March 2016 was ₹727.85 on 21 August 2026.

Minda Corporation share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

562 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: Minda Corporation closed at ₹678.55, up 7.3% on the week and up 1.7% on the month. Our read, 22 Aug 2026: The latest quarter delivered revenue growth while reported profit was lifted by a non-operating exceptional gain.,Product content, Minda VAST consolidation and scheduled programme launches extend the revenue runway.,The central underwriting issue is whether current margins persist as commodity and labour costs pass through with a lag.

Earlier

• 14 Aug 2026: ex-date for a dividend of ₹0.80 a share.
• 13 Aug 2026: Minda Corporation held its results call for April to June 2026. Management guided: FY27 capital spending about ₹400 crore across business verticals, without an EV-versus-ICE allocation.
• Results for April to June 2026: Revenue up 33.2% and profit up 216.9% on a year earlier.
• 13 Feb 2026: ex-date for an interim dividend of ₹0.60 a share.

Our read of the business

The latest quarter delivered revenue growth while reported profit was lifted by a non-operating exceptional gain.,Product content, Minda VAST consolidation and scheduled programme launches extend the revenue runway.,The central underwriting issue is whether current margins persist as commodity and labour costs pass through with a lag.

Latest quarter: Revenue broadens, reported profit is distorted by exceptional income.

Our read after the latest results, written 22 August 2026.

Minda Corporation paid ₹1.40 a share in regular dividends in the 12 months to 5 November 2026 (2 payments), a yield of 0.21% at the ₹678.55 close on 4 November 2026. The last was a dividend of ₹0.80 a share, ex-date 14 August 2026.

Minda Corporation dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Minda Corporation Ltd paid out 9% of its profit as dividends in FY26, and it paid a dividend in 12 of its last 13 reported years. One of those years shows a negative figure because profit itself was negative.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 13 August 2026, Minda Corporation's management guided: FY27 capital spending about ₹400 crore across business verticals, without an EV-versus-ICE allocation.

“We are very confident that, on a longer-term basis, the company should maintain a margin anywhere between 16-17%.”Ajay Agarwal, on the call for April to June 2026

What management guided

• FY27 remaining-period consolidated operating margin to stay at least at the current-quarter level and below 12%; Vision 2030 goal is 12.5% by FY30.
• Flash FY27 revenue growth planned at 20-24%; longer-term operating margin expected at 16-17%.
• Minda VAST kit value could reach 2X current levels in upcoming years as products under development and internal R&D scale.
• Turntide SOPs expected in October-November 2026; sunroof SOP on track for July to September 2026; switches expected in January to March 2027 or April to June 2027, with about ₹150 crore FY28 revenue and peak in FY29.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 13 August 2026.

What is changing at Minda Corporation, from the latest results and calls: content expansion in electronics and access systems, ev and flash electronics growth and new programme commercialisation.

• Content expansion in electronics and access systems. Harnesses, clusters and vehicle-access products are increasing content per vehicle. ⚠ estimate
• EV and Flash Electronics growth. Flash revenue and EV content are expanding, with pass-through intended to repair cost pressure. ⚠ estimate
• New programme commercialisation. Turntide, sunroof and switch programmes have defined production windows. ⚠ estimate
• Cash-funded capacity build. Operating cash is funding a large reinvestment programme while working-capital days have improved. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Our read after the latest results, written 22 August 2026.

The latest call described exports as 8-10% of overall company order book.

✓ fact

Our read after the latest results, written 22 August 2026.

The thesis breaks if operating margin falls below the current guided band while Turntide, sunroof or switch commercialisation slips beyond the stated production windows.

Each change stops working if

• Content expansion in electronics and access systems: OEM launches or customer approvals delay the conversion of platform wins into production revenue.
• EV and Flash Electronics growth: Commodity and labour inflation persists for longer than customer indexation lag.
• New programme commercialisation: Production starts move beyond the stated windows or customer approvals do not convert into commercial volumes.
• Cash-funded capacity build: New plants add fixed costs before programme revenue reaches planned utilisation.

The main risks

• Exceptional-income distortion: Latest reported profit includes a sizeable non-operating gain. ⚠ estimate
• Commodity, freight and labour pass-through lag: Input-cost escalation can compress reported margin before customer indexation catches up. ✓ fact
• Disclosure reconciliation risk: Export order-book mix and group utilisation have changed without a bridge. ✓ fact

Our read after the latest results, written 22 August 2026.

When Minda Corporation reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Consolidated margin to stay within the stated rest-year band; next print should show whether cost inflation and operating leverage balance.

Minda Corporation is on one of our India lists: Small & mid cap stocks.

Minda Corporation Ltd earned ₹206 Cr of net profit in the Jun 2026 quarter, +216.9% on the same quarter a year earlier. That is the 5th quarter in a row of profit growth. Full-year FY26 profit was ₹358 Cr. Over 10 years profit has grown 12.5% a year on average. That is 11.2% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹65.0 Cr.

For the full year, FY26 profit was ₹358 Cr (+40.4% on the year before).

Why profit moved: revenue changed +33.2% on a year earlier and the margin moved +0.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +99.9% and revenue +26.4%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Minda Corporation Ltd reported ₹1,846 Cr of revenue in the Jun 2026 quarter, +33.2% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 10 years it has grown 9.8% a year on average. The last full year, FY26, came in at ₹6,185 Cr.

Revenue is everything the company billed its customers in the period.

Why this happened. Flash reported revenue growth and a rising EV mix, while management described customer indexation as the mechanism for recovering commodity and labour pressure. The driver needs pass-through to catch up with input costs.

The last four reported quarters add to ₹6,645 Cr.

FY26 revenue was ₹6,185 Cr, +22.3% on the year before.

Recent pace: the last four quarters grew +26.4% on average, against 9.8% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +26.6%, against +18.0% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +94.9%, against +42.4% a year (accelerating).

Minda Corporation Ltd's operating margin was 11.0% in the Jun 2026 quarter, about the same as the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 13 years it has been between 8.0% and 12.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why this happened. Information and Connected Systems growth was led by wiring harnesses and instrument clusters, while Minda VAST adds access-system content. This is the Value Chain Climb model: more systems per vehicle can lift revenue without relying only on unit volumes.

In the latest quarter it moved +0.0 percentage points on the same quarter a year ago.

Why the margin moved: operating margin changed +0.2 percentage points on the year while gross margin changed −1.7 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold.

Over the last 3 years, 179% of Minda Corporation Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹676 Cr of operating cash against ₹358 Cr of profit. After ₹398 Cr of spending on assets, ₹278 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 179% of profit came in as cash: the cash cycle got 23 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 2.1× depreciation over three years. The next section checks what that spending is building.

Minda Corporation Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 18 days in FY26, down from 41 days in FY21. It spent ₹1,249 Cr on assets over the last 3 years. Customers take 59 days to pay, and stock sits for 66 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹6,185 Cr, each day of that cycle ties up about ₹16.9 Cr, so roughly ₹305 Cr is tied up in the business at any time.

FY26: customers took 59 days to pay and stock sat for 66 days, about 2.2 months of sales sitting as stock, for a full cycle of 18 days, shorter than FY21's 41.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 66 days. Customers pay about 59 days after that. Suppliers are paid at 107 days. Together that makes the 18-day cycle.

Spending on assets: ₹1,249 Cr over the last 3 years, against ₹600 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹158 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Minda Corporation Ltd's P/E is 40.3×, near the high end of its own history: higher than 71% of past readings. Its usual P/E (the middle reading) is 29.3×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹20.95.