NSE: MINDACORP | BSE: 538962

Expensive Performer

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505.25 -10.85 (-2.10%)

27.11% Gain from 52W Low

207.3K NSE+BSE Volume

NSE 25 Apr, 2025 3:31 PM (IST)

12,079.5

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.

Minda Corporation Ltd.

07 Feb 2024

505.25

-2.10%

Strong order wins continue, give medium-term growth visibility

Buy: Minda Corporation Ltd.

Recommendation Target

KRChoksey

For Q3FY24, MDA reported revenue of INR 11,658 Mn, a growth of 9.1% YoY. While YoY growth was better than the previous 2 quarters, revenue declined by 2.5% QoQ, from the highest-ever levels seen in Q2FY24 due to delay in SOP of some products.

Minda Corporation Ltd. has an average target of 632.00 from 2 brokers.

Minda Corporation Ltd.

05 Feb 2024

505.25

-2.10%

Result Update:Minda Corp

Buy: Minda Corporation Ltd.

Target

Axis Direct

Recommendation: We maintain a positive view on the company as it will be the beneficiary of product premiumization, EV growth, increased business from CV/PV OEMs and growth opportunities via organic and inorganic routes in the future.

Minda Corporation Ltd. is trading below all available SMAs

Minda Corporation Ltd.

13 Nov 2023

505.25

-2.10%

Domestic demand drives growth, margins continue to see improvement

Accumulate: Minda Corporation Ltd.

Recommendation Target

KRChoksey

For Q2FY24, MDA reported revenue of INR 11,958 Mn, a growth of 4.3% YoY/ 11.3% QoQ. This was the highest-ever quarterly revenue for MDA and an industry-beating growth. The growth was driven by robust demand in the domestic market, an increasing share of business with key customers, and product premiumization, despite continuing headwinds from exports on the back of geo-political issues.

Minda Corporation Ltd. has an average target of 632.00 from 2 brokers.

Minda Corporation Ltd.

03 Nov 2023

505.25

-2.10%

Result Update:Minda Corp

Buy: Minda Corporation Ltd.

Axis Direct

We value the stock at 20x Sep '25 EPS (roll forward from Jun'25 EPS) as it will be a key beneficiary of product premiumization, EV growth, increased business from CV/PV OEMs and growth opportunities via organic and inorganic routes in the future; We arrive at a TP of Rs 375/share i

Minda Corporation Ltd. has an average target of 632.00 from 2 brokers.

Minda Corporation Ltd.

14 Oct 2023

505.25

-2.10%

Pick of the Week:16 October 2023

Buy: Minda Corporation Ltd.

Target

Axis Direct

We maintain a positive view on the company as it will be a beneficiary of product premiumization, EV growth, increased business from CV/PV OEMs and growth opportunities via organic and inorganic routes in the future (stake increase in Pricol which has over 40% market share

Minda Corporation Ltd. has an average target of 632.00 from 2 brokers.

Minda Corporation Ltd.

29 Sep 2023

505.25

-2.10%

Pick of the Week Minda Corporation Ltd

Buy: Minda Corporation Ltd.

SBI Securities

Minda Corporation Ltd. is trading below all available SMAs

Minda Corporation Ltd.

18 Aug 2023

505.25

-2.10%

Outperforming the industry revenue growth

Buy: Minda Corporation Ltd.

Target

KRChoksey

Minda corp recorded revenue growth of 5.9% on a YoY basis, whereas industry volume grew by 2.3% YoY. The company is consistently outperforming the industry volume growth owing to cost leadership, increasing content per vehicle and premiumization.

Minda Corporation Ltd. has an average target of 632.00 from 2 brokers.

Minda Corporation Ltd.

09 Aug 2023

505.25

-2.10%