NSE: MINDACORP | BSE: 538962

Turnaround Potential

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596.65 15.00 (2.58%)

Near 52W High of ₹619.95

231.7K NSE+BSE Volume

NSE 19 Dec, 2025 3:31 PM (IST)

14,264.7

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.

04 Feb 2021

596.65

2.58%

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

596.65

2.58%

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.'s price crossed above 50Day SMA today

Minda Corporation Ltd.

06 Nov 2020

596.65

2.58%

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 all available SMAs

Minda Corporation Ltd.

06 Nov 2020

596.65

2.58%

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.

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

Minda Corporation Ltd.

17 Aug 2020

596.65

2.58%

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.'s price crossed above 50Day SMA today

Minda Corporation Ltd.

17 Aug 2020

596.65

2.58%

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. has an average target of 646.33 from 3 brokers.

Minda Corporation Ltd.

20 Jul 2020, 12:00AM

596.65

2.58%

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. is trading above all available SMAs

Minda Corporation Ltd.

06 May 2020

596.65

2.58%

Event Update:Minda Corp

Buy: Minda Corporation Ltd.

Target

Axis Direct

COVID 19 IMPACT: BSVI BENEFITS OFFSET BY DEMAND WOES

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

Minda Corporation Ltd.

06 Mar 2020

596.65

2.58%

Event Update:Minda Corp

Buy: Minda Corporation Ltd.

Target

Axis Direct

Minda Corporation is one of the largest suppliers of Electronic & Mechanical Security System, Wiring Harness solution and interiors and plastics components to 2/3W, PV and CV OEMs in India. It is poised to benefit from BSVI transition significantly