NSE: MINDACORP | BSE: 538962

Mid-range Performer

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581.65 -14.40 (-2.42%)

30.69% Gain from 52W Low

282.2K NSE+BSE Volume

NSE 18 Dec, 2025 3:31 PM (IST)

13,906.1

Market Cap

High in industry

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.

22 Apr 2022

581.65

-2.42%

About the stock: Minda Corporation (MCL) primarily serves auto OEMs across two main verticals Mechatronics & Aftermarket (i.e. MCH safety & security, die-casting, starter motors, etc) and Information & Connected Systems (i.e. ICS mainly wiring...

Minda Corporation Ltd.'s price crossed below 50Day SMA today

Minda Corporation Ltd.

07 Feb 2022

581.65

-2.42%

Result Update:Minda Corp

Hold: Minda Corporation Ltd.

Target

Axis Direct

We revise our rating from HOLD to BUY and value the stock at 17x FY24E EPS to arrive at a target price of Rs 230/share.

Minda Corporation Ltd. is trading above its 200 day SMA of 534.0

Minda Corporation Ltd.

03 Nov 2021

581.65

-2.42%

Result Update:Minda Corp

Hold: Minda Corporation Ltd.

Recommendation Target

Axis Direct

Given the recent run-up in Minda Corps stock price, we are revising our rating from BUY to HOLD and value the company at 16x FY23E EPS to arrive at a target price of Rs 170.

Number of FII/FPI investors increased from 136 to 145 in Sep 2025 qtr.

Minda Corporation Ltd.

03 Nov 2021

581.65

-2.42%

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.'s price crossed below 50Day SMA today

Minda Corporation Ltd.

15 Sep 2021

581.65

-2.42%

Minda Corporation

Buy: Minda Corporation Ltd.

Target

ICICI Securities Limited

Minda Corporation Ltd.'s price crossed below 30Day SMA today

Minda Corporation Ltd.

13 Sep 2021

581.65

-2.42%

Pick of the Week:13 SEP 2021

Buy: Minda Corporation Ltd.

Axis Direct

We recommend a BUY on the stock.

Minda Corporation Ltd. is trading above its 200 day SMA of 534.0

Minda Corporation Ltd.

13 Aug 2021

581.65

-2.42%

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%.

Minda Corporation Ltd.'s price crossed below 50Day SMA today

Minda Corporation Ltd.

20 May 2021

581.65

-2.42%

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%.

Minda Corporation Ltd.'s price crossed below 50Day SMA today

Minda Corporation Ltd.

19 May 2021

581.65

-2.42%

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.

Minda Corporation Ltd. has an average target of 646.33 from 3 brokers.

Minda Corporation Ltd.

30 Mar 2021

581.65

-2.42%

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)....

Minda Corporation Ltd.'s price crossed below 30Day SMA today

Is Minda Corporation Ltd. worth buying?

248 Votes:

Buy 83.06%

Sell 7.26%

Hold 9.68%

RESEARCH REPORTS

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