Minda Corporation Balance Sheet
- Market cap
- ₹15,173 crore
- P/E
- 30.3
- P/B
- 5.74
- ROE
- 14.9%
- Dividend yield
- 0.12%
As of Mar 2022, Minda Corporation had total assets of ₹13,700 crore and borrowings of ₹1,200 crore, against shareholders' equity of ₹9,000 crore — a debt-to-equity ratio of 0.13. Borrowings rose 68.28% from Mar 2023.
Minda Corporation balance sheet
As at each financial year end, newest first. H1 = half-year.
| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Equity capital | 500 | 47.8 | 47.8 | 47.8 | 47.8 |
| Reserves | 8,500 | 916 | 1,306 | 1,528 | 1,856 |
| Borrowings | 1,200 | 713 | 535 | 1,610 | 1,472 |
| Other liabilities | 3,500 | 920 | 923 | 1,071 | 1,365 |
| Total liabilities | 13,700 | 3,224 | 3,439 | 4,883 | 5,495 |
| Fixed assets | 6,500 | 961 | 1,133 | 1,449 | 1,676 |
| Capital work in progress | 400 | 100 | 100 | 100 | 100 |
| Investments | 2,500 | 645 | 688 | 977 | 1,099 |
| Other assets | 4,300 | 967 | 1,032 | 1,465 | 1,649 |
| Total assets | 13,700 | 3,224 | 3,439 | 4,883 | 5,495 |
Balance sheet ratios
- Debt to equity
- 0.13
Source: Company filings (consolidated), in ₹ crore. Data as of 7 October 2026. How this data is compiled.
Minda Corporation balance sheet — frequently asked questions
What is the total debt of Minda Corporation?
Minda Corporation reported borrowings of ₹1,200 crore as of Mar 2022, compared with ₹713 crore as of Mar 2023.
What is Minda Corporation's debt-to-equity ratio?
Based on the Mar 2022 balance sheet, Minda Corporation's debt-to-equity ratio is 0.13 — borrowings of ₹1,200 crore against equity capital and reserves of ₹9,000 crore.
What are Minda Corporation's total assets?
Minda Corporation's total assets were ₹13,700 crore as of Mar 2022, including fixed assets of ₹6,500 crore and investments of ₹2,500 crore.
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