NSE: MINDACORP | BSE: 538962

Expensive Performer

Download real time

533.30 -6.80 (-1.26%)

High vol. this week

NSE 29 May, 2025 3:31 PM (IST)

12,750.1

Market Cap

High in industry

1.2

Beta 1Year

Very High Volatility

Minda Corporation Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for MINDACORP, BSE:538962 Minda Corporation Ltd.

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Minda Corporation Ltd.

28 May 2025

533.30

-1.26%

Result Update:Minda Corp

Hold: Minda Corporation Ltd.

Target

Axis Direct

We recommend a HOLD rating (unchanged) on the company.

Minda Corporation Ltd. average weekly volume is high.

Minda Corporation Ltd.

10 Feb 2025

533.30

-1.26%

Strong orderbook and strategic acquisition to accelerate growth

Buy: Minda Corporation Ltd.

Target

KRChoksey

In Q3FY25, Minda Corp. reported revenue of INR 12,526 Mn (+7.4% YoY/ -2.9% QoQ), beating our estimates by 3.4%. EBITDA for the quarter was INR 1,436 Mn (+10.5% YoY / -2.1% QoQ), beating our estimates by 2.4%, due to strong operating performance. EBITDA margin stood at 11.5%, expanded by 32bps YoY (+10bps QoQ).

Minda Corporation Ltd. is trading above all available SMAs

Minda Corporation Ltd.

07 Feb 2025

533.30

-1.26%

Result Update:Minda Corp

Hold: Minda Corporation Ltd.

Axis Direct

We recommend a HOLD rating (unchanged) on the company

Axis Direct decreased Hold price target of Minda Corporation Ltd. to 590.0 on 28 May, 2025.

Minda Corporation Ltd.

16 Jan 2025

533.30

-1.26%

Company Update:Minda Corp

Hold: Minda Corporation Ltd.

Target

Axis Direct

We maintain our HOLD rating owing to a limited upside potential. However, we recommend a BUY on dips strategy for the stock.

Axis Direct decreased Hold price target of Minda Corporation Ltd. to 590.0 on 28 May, 2025.

Minda Corporation Ltd.

14 Nov 2024

533.30

-1.26%

Robust order book set to fuel growth in upcoming quarters

Buy: Minda Corporation Ltd.

Recommendation

KRChoksey

In Q2FY25, Minda Corp. reported revenue of INR 12,900 Mn (+7.9% YoY/ 8.2% QoQ), beat our estimates by 5.5%.
EBITDA for the quarter was INR 1,466 Mn (+11.6% YoY / +11.2% QoQ), beat our estimates, due to strong operating performance.

Minda Corporation Ltd. has gained 25.72% in the last 1 Year

Minda Corporation Ltd.

13 Nov 2024

533.30

-1.26%

Result Update:Minda Corp

Hold: Minda Corporation Ltd.

Recommendation Target

Axis Direct

We recommend a HOLD rating (earlier BUY) on the company

Axis Direct decreased Hold price target of Minda Corporation Ltd. to 590.0 on 28 May, 2025.

Minda Corporation Ltd.

16 Aug 2024

533.30

-1.26%

Strong order book to drive growth in coming quarters

Accumulate: Minda Corporation Ltd.

Target

KRChoksey

In Q1FY25, Minda Corp. reported revenue of INR 11,924 Mn (+11.1% YoY/ -1.0% QoQ), which missed our estimates by 3.6%.
EBITDA for the quarter was INR 1,318 Mn (+14.9% YoY / -4.9% QoQ), falling short of our estimates mainly due to higher-than-expected employee costs.

Minda Corporation Ltd. average weekly volume is high.

Minda Corporation Ltd.

09 Aug 2024

533.30

-1.26%

Result Update:Minda Corp

Buy: Minda Corporation Ltd.

Target

Axis Direct

We maintain a BUY rating on the company

Minda Corporation Ltd. average weekly volume is high.

Minda Corporation Ltd.

15 Jun 2024

533.30

-1.26%

Pick of the Week:18 JUNE 2024

Buy: Minda Corporation Ltd.

Target

Axis Direct

We recommend a BUY rating on the stock with a target price of Rs 502/share, implying an upside of 10% from the CMP

Minda Corporation Ltd. has gained 25.72% in the last 1 Year

Minda Corporation Ltd.

28 May 2024

533.30

-1.26%

Strong domestic performance offset by subdued export demand

Accumulate: Minda Corporation Ltd.

Recommendation Target

KRChoksey

In Q4FY24, Minda Corp. reported revenue of INR 12,150 Mn (+13.1% YoY/ +4.2% QoQ), which was in-line with our estimates. The Company generated its highest ever quarterly revenue on a diverse product range, rising customer base and emphasis on premium products.

Minda Corporation Ltd. has an average target of 627.00 from 2 brokers.

Is Minda Corporation Ltd. worth buying?

243 Votes:

Buy 83.13%

Sell 7.41%

Hold 9.47%

RESEARCH REPORTS

Hold SEE REPORTS >

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