Minda Corporation Limited (MINDACORP) - Net Assets
Based on the latest financial reports, Minda Corporation Limited (MINDACORP) has net assets worth Rs24.40 Billion INR (≈ $263.84 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs51.81 Billion ≈ $560.35 Million USD) and total liabilities (Rs27.42 Billion ≈ $296.52 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. Check Minda Corporation Limited tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs24.40 Billion |
| % of Total Assets | 47.08% |
| Annual Growth Rate | 27.66% |
| 5-Year Change | 92.06% |
| 10-Year Change | 248.98% |
| Growth Volatility | 61.87 |
Minda Corporation Limited - Net Assets Trend (2008–2025)
This chart illustrates how Minda Corporation Limited's net assets have evolved over time, based on quarterly financial data. See Minda Corporation Limited defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Minda Corporation Limited (2008–2025)
The table below shows the annual net assets of Minda Corporation Limited from 2008 to 2025. For live valuation and market cap data, see MINDACORP market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 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 11391.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs15.28 Billion | 69.39% |
| Common Stock | Rs478.20 Million | 2.17% |
| Other Comprehensive Income | Rs1.42 Billion | 6.46% |
| Other Components | Rs4.84 Billion | 21.97% |
| Total Equity | Rs22.02 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 |
|---|---|
|
Aether Industries Limited
NSE:AETHER
|
$1.66 Billion |
|
Veritex Holdings Inc
NASDAQ:VBTX
|
$1.66 Billion |
|
BillerudKorsnas AB
ST:BILL
|
$1.66 Billion |
|
Red Cat Holdings Inc
NASDAQ:RCAT
|
$1.66 Billion |
|
Petrovietnam Power Corp
VN:POW
|
$1.66 Billion |
|
Stolt-Nielsen Limited
OL:SNI
|
$1.65 Billion |
|
Novocure Ltd
NASDAQ:NVCR
|
$1.65 Billion |
|
PLUXEE NV
PA:PLX
|
$1.65 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 2024 to 2025, total equity changed from 19,806,000,000 to 22,021,800,000, a change of 2,215,800,000 (11.2%).
- Net income of 2,554,000,000 contributed positively to equity growth.
- Dividend payments of 329,500,000 reduced retained earnings.
- Other comprehensive income decreased equity by 12,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs2.55 Billion | +11.6% |
| Dividends Paid | Rs329.50 Million | -1.5% |
| Other Comprehensive Income | Rs-12.00 Million | -0.05% |
| Other Changes | Rs3.30 Million | +0.01% |
| Total Change | Rs- | 11.19% |
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: 7.07x
- 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 324.34x to 7.07x 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 | Rs650.90 | x |
| 2009-03-31 | Rs2.57 | Rs650.90 | x |
| 2010-03-31 | Rs4.21 | Rs650.90 | x |
| 2011-03-31 | Rs14.29 | Rs650.90 | x |
| 2012-03-31 | Rs17.59 | Rs650.90 | x |
| 2013-03-31 | Rs16.54 | Rs650.90 | x |
| 2014-03-31 | Rs18.60 | Rs650.90 | x |
| 2015-03-31 | Rs22.29 | Rs650.90 | x |
| 2016-03-31 | Rs27.11 | Rs650.90 | x |
| 2017-03-31 | Rs29.34 | Rs650.90 | x |
| 2018-03-31 | Rs34.94 | Rs650.90 | x |
| 2019-03-31 | Rs53.18 | Rs650.90 | x |
| 2020-03-31 | Rs42.91 | Rs650.90 | x |
| 2021-03-31 | Rs49.65 | Rs650.90 | x |
| 2022-03-31 | Rs55.55 | Rs650.90 | x |
| 2023-03-31 | Rs66.54 | Rs650.90 | x |
| 2024-03-31 | Rs82.84 | Rs650.90 | x |
| 2025-03-31 | Rs92.11 | Rs650.90 | 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): 11.60%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.05%
- • Asset Turnover: 1.04x
- • Equity Multiplier: 2.22x
- Recent ROE (11.60%) is below the historical average (14.54%), 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% | 1.71x | 3.68x | Rs-286.27 Million |
| 2014 | 20.38% | 5.01% | 1.21x | 3.37x | Rs404.02 Million |
| 2015 | 19.19% | 4.51% | 1.40x | 3.05x | Rs428.69 Million |
| 2016 | 18.91% | 4.39% | 1.38x | 3.12x | Rs505.35 Million |
| 2017 | 16.41% | 4.96% | 1.32x | 2.50x | Rs398.90 Million |
| 2018 | 19.27% | 5.50% | 1.26x | 2.78x | Rs686.30 Million |
| 2019 | 14.16% | 5.47% | 1.26x | 2.05x | Rs496.90 Million |
| 2020 | -20.49% | -8.99% | 0.95x | 2.39x | Rs-2.97 Billion |
| 2021 | 4.60% | 2.23% | 1.02x | 2.03x | Rs-618.60 Million |
| 2022 | 14.43% | 6.45% | 1.16x | 1.93x | Rs588.90 Million |
| 2023 | 17.88% | 6.62% | 1.33x | 2.03x | Rs1.25 Billion |
| 2024 | 11.47% | 4.88% | 1.35x | 1.74x | Rs291.40 Million |
| 2025 | 11.60% | 5.05% | 1.04x | 2.22x | Rs351.82 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: $10,366,605,260
- Average return on equity (ROE) among peers: 11.50%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Minda Corporation Limited (MINDACORP) | Rs24.40 Billion | 21.98% | 1.12x | $1.66 Billion |
| Asahi India Glass Limited (ASAHIINDIA) | $1.98 Billion | 1.00% | 8.68x | $2.37 Billion |
| ASK AUTOMOTIVE LIMITED (ASKAUTOLTD) | $6.32 Billion | 13.08% | 0.75x | $987.66 Million |
| Balkrishna Industries Limited (BALKRISIND) | $3.47 Billion | 23.92% | 1.79x | $4.67 Billion |
| Banco Products (I) Limited (BANCOINDIA) | $5.89 Billion | 15.26% | 0.61x | $1.03 Billion |
| Bharat Gears Limited (BHARATGEAR) | $475.08 Million | 8.51% | 2.52x | $20.83 Million |
| Bosch Limited (BOSCHLTD) | $25.63 Billion | 23.77% | 0.52x | $12.77 Billion |
| CEAT Limited (CEATLTD) | $6.54 Billion | 4.20% | 3.39x | $1.52 Billion |
| CIE Automotive India Limited (CIEINDIA) | $46.34 Billion | 7.64% | 0.88x | $1.87 Billion |
| Craftsman Automation Limited (CRAFTSMAN) | $4.92 Billion | 4.23% | 1.80x | $2.45 Billion |
| Divgi Torqtransfer Systems Limited (DIVGIITTS) | $2.10 Billion | 13.38% | 0.45x | $281.33 Million |
About Minda Corporation Limited
Minda Corporation Limited manufactures and sells automobile components and parts in India, rest of Asia, America, Europe, and Africa. The company offers mechatronic products, such as ignition switch cum steering locks, smart key systems and keyless entry, access systems, mechatronics handles, immobiliser fuel tank caps, aluminium and zinc die casting components, flush outer door handles, knob typ… Read more