ALFA Finder
| Fund Raise | ₹500 CrNCD Issuance |
|---|---|
| Market Cap | ₹16,473.8 CrMid-cap |
| Revenue TTM | ₹6,645.8 CrOperating |
| RSI | 46.31Neutral Zone |
| Deal value | ₹500 Cr |
| Share of market cap | 3.0% |
Key highlights
- Approval for raising up to ₹500 crore via NCDs in one or more tranches on a private placement basis
- Proposed investment of up to USD 1 million for the incorporation of a wholly owned subsidiary in China
- Strategic exit from EVQ Point Solutions Private Limited, where the company holds a 29.5% equity stake
- Appointment of Ms. Meenal Bansal as Company Secretary and Mrs. Geetika Mishra as Chief Procurement Officer
- NCD issuance to involve 50,000 units with a face value of ₹1,00,000 each
Details of the NCD Issuance
The board has authorized the issuance of 50,000 Non-Convertible Debentures (NCDs) with a face value of ₹1,00,000 each. This private placement aims to raise up to ₹500 crore to meet various funding requirements from time to time. While specific details regarding the coupon rate, tenure, and security will be finalized in the key information document at the time of allotment, the move strengthens the company's capital structure for future growth.
The issuance may occur in one or more tranches depending on market conditions and corporate needs.
Global Expansion and Portfolio Rebalancing
- Incorporation of a wholly owned subsidiary in China with an investment of up to USD 1 million to explore new business opportunities and technologies.
- Divestment of 29.5% equity stake in EVQ Point Solutions Private Limited held through Spark Minda Green Mobility Systems.
- EVQ Point Solutions contributed ₹3,95,197 to the consolidated share of profit in the FY 2025-26 financial statement.
- The China entry focuses on establishing partnerships and exploring products related to the automotive industry.
- Consideration for the EVQ Point Solutions stake sale will be disclosed upon the formal execution of the agreement.
Leadership Changes and Compliance Update
The company announced key leadership appointments, including Ms. Meenal Bansal as Company Secretary and Mrs. Geetika Mishra as Chief Procurement Officer, both effective September 24, 2026.
Ms. Bansal brings 15 years of secretarial experience, while Mrs. Mishra has over 25 years of expertise in strategic sourcing from roles at Motherson Sumi and Maruti Suzuki.
Additionally, the board addressed a ₹2,000 penalty imposed by BSE for a one-day delay in filing the shareholding pattern for the quarter ended June 30, 2026, attributing the lapse to a procedural gap rather than wilful intent.
Financial and Industry Context
As of the trailing twelve months (TTM), Minda Corporation reported an operating revenue of ₹6,645.77 crore and a net profit of ₹500.98 crore. The company maintains a high Durability Score of 80, indicating a stable financial health profile. For the quarter ended June 2026, revenue grew by 33.22% year-on-year, significantly outperforming the sector's average growth of 21.95%.
The latest NCD approval suggests a strategic move to leverage debt for ongoing expansion projects and working capital needs within the automotive components sector.
Board Observation on Compliance
The Board noted that the shareholding pattern was filed within the prescribed timelines with National Stock Exchange of India Limited. However, due to an understanding gap, there was an inadvertent and procedural delay in filing the disclosure with BSE Limited. The Board observed that the said delay was without any malafide /wilful intention on the part of the Company.
| Share price | ₹689.05 |
|---|---|
| Market capitalisation | ₹16,473.77 Cr |
| Revenue (annual) | ₹6,185.30 Cr |
| Net profit (annual) | ₹360.30 Cr |
| Revenue (latest quarter) | ₹1,846.31 Cr+8.36% vs previous quarter |
| Net profit (latest quarter) | ₹206.03 Cr+65.34% vs previous quarter |
| P/E (TTM) | 32.88×Sector 33.73× |
| Promoter holding | 64.84%0.00% QoQ |
| FII holding | 9.29%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Minda Corporation Limited announcing the outcome of the Board Meeting held on September 24, 2026. Market figures from a third-party data provider.
