NSE: MINDACORP | BSE: 538962

Mid-range Performer

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527.75 -7.45 (-1.39%)

45,986 NSE+BSE Volume

NSE 17 Jun, 2025 1:02 PM (IST)

12,617.4

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.

19 May 2021

527.75

-1.39%

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. is trading above its 150 day SMA of 521.6

Minda Corporation Ltd.

30 Mar 2021

527.75

-1.39%

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. is trading below its 200 day SMA of 529.7

Minda Corporation Ltd.

04 Feb 2021

527.75

-1.39%

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. has an average target of 627.00 from 2 brokers.

Minda Corporation Ltd.

24 Dec 2020

527.75

-1.39%

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....

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

Minda Corporation Ltd.

06 Nov 2020

527.75

-1.39%

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. is trading above its 150 day SMA of 521.6

Minda Corporation Ltd.

06 Nov 2020

527.75

-1.39%

Result Update:Minda Corp

Buy: Minda Corporation Ltd.

Target

Axis Direct

we expect the profitability of the company to improve over FY21 to FY23 (around FY19 levels) on back of operating leverage. Currently trading at sub 10x FY23, we value the company at 13x FY23E to arrive at a target price of Rs 88 (Rs 90 earlier) and retain BUY.

Minda Corporation Ltd. is trading below its 200 day SMA of 529.7

Minda Corporation Ltd.

17 Aug 2020, 12:00AM

527.75

-1.39%

Minda Corp

Buy: Minda Corporation Ltd.

Dolat Capital

Minda Corporation is one of the leading suppliers of locksets, wiring harness and instrument clusters in the Indian automotive market. We believe that the stock deserves to trade at higher multiples (compared to current levels 14/10x for FY22/23E) as we forecast EBITDA to grow at 50% CAGR over FY21- 23E and there will a significant improvement in cash flow generation and return ratio. The key catalysts that would drive stock re-rating are 1) wind up of its loss making KTSN business is structurally positive(significant saving in...

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

Minda Corporation Ltd.

17 Aug 2020, 12:00AM

527.75

-1.39%

Result Update:Minda Corp

Buy: Minda Corporation Ltd.

Target

Axis Direct

Minda Corp. Ltd.'s Q1FY21 performance was not only marked by the disruption due to lockdown but also without its European subsidiary Minda KTSN post announcement of the insolvency in June 2020. Hence, the quarterly results reported for Q1FY21 were without the numbers from its erstwhile

Minda Corporation Ltd. is trading above its 150 day SMA of 521.6

Minda Corporation Ltd.

14 Aug 2020

527.75

-1.39%

Minda Corp

Buy: Minda Corporation Ltd.

Target

KRChoksey

Minda Corporation Ltd, consolidated revenue from operations in Q1FY21 declined by 69.53% YoY and (down 66.82% QoQ) to INR 1779.60 Mn, impacted by lockdown. Gross profit margin for Q1FY21 came in at 37.77%. MCL reported EBITDA loss of INR 203.20 Mn compare to positive EBITDA of INR 666.8 Mn. EBTIDA margin for Q1FY21 was negative 11.42% compare to positive EBTIDA margin of 11.42%, significant decline was due to negative operating leverage, product mix and higher fixed cost. MCL reported net loss of INR 354 Mn in Q1FY21 as compare to net profit of 212 Mn in corresponding quarter last year....

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

Minda Corporation Ltd.

20 Jul 2020

527.75

-1.39%

Result Update:Minda Corp

Buy: Minda Corporation Ltd.

Target

Axis Direct

Mindacorp reported revenues ahead of our estimates atRs698cr down 10% YoY. Everything else about Q4 results was disappointing. EBIDTA margin came in at a paltry 5.5% (down 510 bps YoY and 580 bps QoQ). PAT came in at Rs-301.8 cr on a one time charge of Rs 293 cr due to closing of Minda KTSN business

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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Buy SEE REPORTS >

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