NSE: MINDACORP | BSE: 538962

Mid-range Performer

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579.80 10.35 (1.82%)

Near 52W High of ₹609.35

511.2K NSE+BSE Volume

NSE 01 Oct, 2025 3:31 PM (IST)

13,861.8

Market Cap

High in industry

1.3

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.

03 Nov 2021

579.80

1.82%

Minda Corporation

Buy: Minda Corporation Ltd.

Target

ICICI Securities Limited

Robust order wins (~| 5,000 crore lifetime orders in past 18 months; replacement + new business) imparts healthy revenue visibility in medium to long term. We build 25.4% (FY21-23E) consolidated sales CAGR Has orders from incumbent and new age EV OEMs including Ola Electric FY23E margins, RoCE seen at 12.2%, 16.8%. Acquisition of remaining 49% stake in JV with Stoneridge (for | 161 crore i.e. <6x FY21 EV/EBITDA) to be...

Minda Corporation Ltd. is trading above all available SMAs

Minda Corporation Ltd.

15 Sep 2021

579.80

1.82%

Minda Corporation

Buy: Minda Corporation Ltd.

Target

ICICI Securities Limited

Axis Direct increased Buy price target of Minda Corporation Ltd. to 690.0 on 25 Sep, 2025.

Minda Corporation Ltd.

13 Sep 2021

579.80

1.82%

Pick of the Week:13 SEP 2021

Buy: Minda Corporation Ltd.

Axis Direct

We recommend a BUY on the stock.

Minda Corporation Ltd. has an average target of 628.67 from 3 brokers.

Minda Corporation Ltd.

13 Aug 2021

579.80

1.82%

Result Update:Minda Corp

Buy: Minda Corporation Ltd.

Target

Axis Direct

We have maintained our multiple at 15x FY23E to arrive at a target price of Rs 148 and retain BUY, resulting in an upside of 13%.

Axis Direct increased Buy price target of Minda Corporation Ltd. to 690.0 on 25 Sep, 2025.

Minda Corporation Ltd.

20 May 2021

579.80

1.82%

Result Update:Minda Corp

Buy: Minda Corporation Ltd.

Target

Axis Direct

We estimate Revenue and APAT to grow at a CAGR of 15% and 28% respectively with FY20-23E. We have given a higher multiple for the company at 15x FY23E to arrive at a target price of Rs133 and retain BUY, resulting in an upside of 19%.

Axis Direct increased Buy price target of Minda Corporation Ltd. to 690.0 on 25 Sep, 2025.

Minda Corporation Ltd.

19 May 2021

579.80

1.82%

Minda Corporation (BUY): Healthy Q4; upgrade to BUY

Buy: Minda Corporation Ltd.

BOB Capital Markets Ltd.

Minda Corp's (MDA) Q4FY21 topline increased 7% QoQ to Rs 7.9bn.

Axis Direct increased Buy price target of Minda Corporation Ltd. to 690.0 on 25 Sep, 2025.

Minda Corporation Ltd.

30 Mar 2021

579.80

1.82%

Minda Corporation

Buy: Minda Corporation Ltd.

Target

ICICI Securities Limited

Ongoing premiumisation is also expected to lead to structural improvement in margin trajectory at MCL down the line. Once near-term squeeze on gross margins brought about by sharp increase in prices of raw materials subsides, the company is seen moving to a higher margin plane on the back of increased operational efficiencies, cost controls and removal of profitability overhang due to hive-off of Minda KTSN (the management expects the restructuring to add ~2% to margins and ~5% to RoCE in time)....

Axis Direct increased Buy price target of Minda Corporation Ltd. to 690.0 on 25 Sep, 2025.

Minda Corporation Ltd.

04 Feb 2021

579.80

1.82%

Result Update:Minda Corp

Buy: Minda Corporation Ltd.

Target

Axis Direct

We have revised the revenue/EBIDTA/PAT upwards for both FY22 & FY23 and value the company at 12x FY23E to arrive at a target price of Rs 121 and retain BUY.

Minda Corporation Ltd. is trading above all available SMAs

Minda Corporation Ltd.

24 Dec 2020

579.80

1.82%

Minda Corporation

Buy: Minda Corporation Ltd.

ICICI Securities Limited

With a history of capital efficient operations, net debt free B/S (September 2020) and presence across new model launches like Mahindra Thar & Bajaj Chetak, we believe the risk-reward is favourable at MCL. Hence, we assign a BUY rating. We value it at | 105 i.e. 15x P/E on FY22E-23E average EPS of | 7.0. We are enthused by MCL's intent to clock ~12% margins & ~20%+ RoIC in future and would closely monitor its forward journey, consistency in performance for any further upgrades in our fair value calculation. Trades at inexpensive valuations i.e....

Axis Direct increased Buy price target of Minda Corporation Ltd. to 690.0 on 25 Sep, 2025.

Minda Corporation Ltd.

06 Nov 2020

579.80

1.82%

Minda Corp

Sell: Minda Corporation Ltd.

Recommendation Target

Dolat Capital

Minda Corp posted weak margin performance in 2QFY21. Revenue grew 17% YoY while EBITDA remain flat dragged by contraction in gross margin. EBITDA margin stood at 10% (-187bps YoY) led by weak margin in both Mechatronics and Wiring harness segment. Net profit de-grew...

Minda Corporation Ltd. has an average target of 628.67 from 3 brokers.

Is Minda Corporation Ltd. worth buying?

246 Votes:

Buy 82.93%

Sell 7.32%

Hold 9.76%

RESEARCH REPORTS

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