Minda Corporation Limited Net Assets

Latest as of March 2026: Rs26.59 Billion INR ≈ $287.51 Million USD

Minda Corporation Limited net assets. Based on the latest financial reports, Minda Corporation Limited (MINDACORP) has net assets worth Rs26.59 Billion INR (≈ $287.51 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs54.95 Billion ≈ $594.31 Million USD) and total liabilities (Rs28.37 Billion ≈ $306.80 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore how fast is Minda Corporation Limited growing its equity to track the company's year-over-year net asset growth rate.

Key Net Assets Metrics

Metric Value
Current Net Assets Rs26.59 Billion
% of Total Assets 48.38%
Annual Growth Rate 27.27%
5-Year Change 99.87%
10-Year Change 327.35%
Growth Volatility 60.23

Net Assets of Minda Corporation Limited (2008–2026)

Net assets of Minda Corporation Limited from 2008 to 2026. This chart illustrates how Minda Corporation Limited's net assets have evolved over time, based on quarterly financial data. See MINDACORP net asset quality index to measure how much of total assets are equity-financed.

Annual Net Assets for Minda Corporation Limited (2008–2026)

The table below shows the annual net assets of Minda Corporation Limited from 2008 to 2026. For live market cap and overall valuation, see Minda Corporation Limited market capitalisation.

Year Net Assets Change
2026-03-31 Rs26.59 Billion
≈ $287.51 Million		 +20.72%
2025-03-31 Rs22.02 Billion
≈ $238.16 Million		 +11.19%
2024-03-31 Rs19.81 Billion
≈ $214.19 Million		 +24.50%
2023-03-31 Rs15.91 Billion
≈ $172.04 Million		 +19.60%
2022-03-31 Rs13.30 Billion
≈ $143.85 Million		 +16.00%
2021-03-31 Rs11.47 Billion
≈ $124.00 Million		 +17.60%
2020-03-31 Rs9.75 Billion
≈ $105.44 Million		 -18.42%
2019-03-31 Rs11.95 Billion
≈ $129.25 Million		 +61.35%
2018-03-31 Rs7.41 Billion
≈ $80.10 Million		 +19.06%
2017-03-31 Rs6.22 Billion
≈ $67.28 Million		 -1.42%
2016-03-31 Rs6.31 Billion
≈ $68.24 Million		 +28.60%
2015-03-31 Rs4.91 Billion
≈ $53.07 Million		 +26.02%
2014-03-31 Rs3.89 Billion
≈ $42.11 Million		 +10.83%
2013-03-31 Rs3.51 Billion
≈ $37.99 Million		 -1.40%
2012-03-31 Rs3.56 Billion
≈ $38.53 Million		 +32.29%
2011-03-31 Rs2.69 Billion
≈ $29.13 Million		 +270.75%
2010-03-31 Rs726.45 Million
≈ $7.86 Million		 +29.25%
2009-03-31 Rs562.06 Million
≈ $6.08 Million		 +62.16%
2008-03-31 Rs346.62 Million
≈ $3.75 Million		 --

Equity Component Analysis

This analysis shows how different components contribute to Minda Corporation Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 13855.1% over the analyzed period, indicating profitable operations and earnings retention.

Minda Corporation Limited Net Assets Breakdown (March 2026)

Minda Corporation Limited net assets breakdown by equity component as of March 2026.

Component Amount Percentage
Retained Earnings Rs18.56 Billion 70.21%
Common Stock Rs478.20 Million 1.81%
Other Comprehensive Income Rs2.56 Billion 9.68%
Other Components Rs4.84 Billion 18.30%
Total Equity Rs26.44 Billion 100.00%

Minda Corporation Limited Competitors by Market Cap

The table below lists competitors of Minda Corporation Limited ranked by their market capitalization.

Company Market Cap
Netstreit Corp
NYSE:NTST
 $1.74 Billion
Wuxi Huaguang Boiler Co Ltd
SHG:600475
 $1.74 Billion
Uxi Unicomp Technology Co. Ltd. A
SHG:688531
 $1.75 Billion
China Marine Information Electronics Co Ltd
SHG:600764
 $1.75 Billion
Attendo AB (publ)
ST:ATT
 $1.74 Billion
Gudang Garam Tbk
JK:GGRM
 $1.74 Billion
ZhongAn Online P & C Insurance Co. Ltd
F:1ZO
 $1.74 Billion
Stoke Therapeutics Inc
NASDAQ:STOK
 $1.74 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Minda Corporation Limited's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2025 to 2026, total equity changed from 22,021,800,000 to 26,435,100,000, a change of 4,413,300,000 (20.0%).
  • Net income of 3,602,600,000 contributed positively to equity growth.
  • Dividend payments of 353,000,000 reduced retained earnings.
  • New share issuances of 1,051,900,000 increased equity.
  • Other comprehensive income increased equity by 1,137,000,000.
  • Other factors decreased equity by 1,025,200,000.

Equity Change Factors (2025 to 2026)

Factor Impact Contribution
Net Income Rs3.60 Billion +13.63%
Dividends Paid Rs353.00 Million -1.34%
Share Issuances Rs1.05 Billion +3.98%
Other Comprehensive Income Rs1.14 Billion +4.3%
Other Changes Rs-1.03 Billion -3.88%
Total Change Rs- 20.04%

Book Value vs Market Value Analysis

This analysis compares Minda Corporation Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 6.19x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has decreased from 341.14x to 6.19x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2008-03-31 Rs2.01 Rs684.60 x
2009-03-31 Rs2.57 Rs684.60 x
2010-03-31 Rs4.21 Rs684.60 x
2011-03-31 Rs14.29 Rs684.60 x
2012-03-31 Rs17.59 Rs684.60 x
2013-03-31 Rs16.54 Rs684.60 x
2014-03-31 Rs18.60 Rs684.60 x
2015-03-31 Rs22.29 Rs684.60 x
2016-03-31 Rs27.11 Rs684.60 x
2017-03-31 Rs29.34 Rs684.60 x
2018-03-31 Rs34.94 Rs684.60 x
2019-03-31 Rs53.18 Rs684.60 x
2020-03-31 Rs42.91 Rs684.60 x
2021-03-31 Rs49.65 Rs684.60 x
2022-03-31 Rs55.55 Rs684.60 x
2023-03-31 Rs66.54 Rs684.60 x
2024-03-31 Rs82.84 Rs684.60 x
2025-03-31 Rs92.11 Rs684.60 x
2026-03-31 Rs110.58 Rs684.60 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Minda Corporation Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 13.63%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 5.82%
  • • Asset Turnover: 1.13x
  • • Equity Multiplier: 2.08x
  • Recent ROE (13.63%) is below the historical average (14.49%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2008 21.98% 4.27% 1.33x 3.87x Rs41.52 Million
2009 36.24% 3.55% 1.32x 7.74x Rs116.68 Million
2010 26.38% 3.61% 1.22x 6.01x Rs119.02 Million
2011 12.90% 4.73% 1.06x 2.58x Rs78.05 Million
2012 14.71% 3.86% 1.13x 3.38x Rs166.27 Million
2013 1.73% 0.28% 1.68x 3.68x Rs-286.27 Million
2014 20.38% 5.07% 1.19x 3.37x Rs404.02 Million
2015 19.19% 4.63% 1.36x 3.05x Rs428.69 Million
2016 18.91% 4.44% 1.36x 3.12x Rs505.35 Million
2017 16.41% 5.02% 1.31x 2.50x Rs398.90 Million
2018 19.27% 5.57% 1.24x 2.78x Rs686.30 Million
2019 14.16% 5.54% 1.25x 2.05x Rs496.90 Million
2020 -20.49% -9.14% 0.94x 2.39x Rs-2.97 Billion
2021 4.60% 2.30% 0.99x 2.03x Rs-618.60 Million
2022 14.43% 6.56% 1.14x 1.93x Rs588.90 Million
2023 17.88% 6.73% 1.31x 2.03x Rs1.25 Billion
2024 11.47% 4.96% 1.33x 1.74x Rs291.40 Million
2025 11.60% 5.14% 1.02x 2.22x Rs351.82 Million
2026 13.63% 5.82% 1.13x 2.08x Rs959.09 Million

Industry Comparison

This section compares Minda Corporation Limited's net assets metrics with peer companies in the Auto Parts industry.

Industry Context

  • Industry: Auto Parts
  • Average net assets among peers: $17,037,715,800
  • Average return on equity (ROE) among peers: 12.15%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Minda Corporation Limited (MINDACORP) Rs26.59 Billion 21.98% 1.07x $1.74 Billion
Asahi India Glass Limited (ASAHIINDIA) $1.97 Billion -21.73% 9.90x $2.73 Billion
ASK AUTOMOTIVE LIMITED (ASKAUTOLTD) $5.19 Billion 20.62% 0.68x $1.26 Billion
Balkrishna Industries Limited (BALKRISIND) $46.54 Billion 16.62% 0.39x $4.58 Billion
Banco Products (I) Limited (BANCOINDIA) $7.10 Billion 10.78% 0.57x $918.62 Million
Bharat Gears Limited (BHARATGEAR) $249.85 Million 15.93% 5.23x $16.06 Million
Bosch Limited (BOSCHLTD) $40.98 Billion 20.96% 0.52x $15.83 Billion
CEAT Limited (CEATLTD) $20.97 Billion 20.87% 0.97x $1.45 Billion
CIE Automotive India Limited (CIEINDIA) $37.16 Billion 9.65% 1.04x $1.43 Billion
Craftsman Automation Limited (CRAFTSMAN) $6.83 Billion 14.25% 2.40x $2.95 Billion
Divgi Torqtransfer Systems Limited (DIVGIITTS) $3.40 Billion 13.57% 0.19x $319.35 Million

About Minda Corporation Limited

NSE:MINDACORP India Auto Parts
Market Cap
$1.74 Billion
Rs161.13 Billion INR
Market Cap Rank
#6380 Global
#292 in India
Share Price
Rs684.60
Change (1 day)
+3.90%
52-Week Range
Rs480.85 - Rs745.25
All Time High
Rs745.25
Categories
Companies in India Auto Parts
About

Minda Corporation Limited manufactures and sells automobile components and parts in India, rest of Asia, America, Europe, and Africa. The company offers vehicle access systems, such as locksets, latches, hinges, security systems, smart key systems, and integrated access modules for two-wheelers, passenger vehicles, commercial vehicles, and off-highway equipment; electrical distribution systems, i… Read more