NSE: MINDACORP | BSE: 538962

Mid-range Performer

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510.75 -27.65 (-5.14%)

916.0K NSE+BSE Volume

High volume+loss today

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

12,211

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.

06 May 2020

510.75

-5.14%

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 627.00 from 2 brokers.

Minda Corporation Ltd.

06 Mar 2020

510.75

-5.14%

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

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

Minda Corporation Ltd.

24 Feb 2020

510.75

-5.14%

Pick of the Week:24 FEB 2020

Buy: Minda Corporation Ltd.

Target

Axis Direct

...

Minda Corporation Ltd. is trading at high volume of 883.6K with price loss of -5.14.

Minda Corporation Ltd.

13 Feb 2020

510.75

-5.14%

Result Update:Minda Inds.

Buy: Minda Corporation Ltd.

Axis Direct

Minda Ind.s (MIL) consolidated revenues stood at Rs 1,327 cr (?10% YoY & ?2% QoQ) in Q3FY20 largely in line with industry slowdown. The company reported EBIDTA of Rs 163 cr (?21% YoY & ?1% QoQ) with EBIDTA margin of 12.3% (+42 bps on YoY basis) owing to revenue decline

Minda Corporation Ltd. has lost -10.88% in the last 1 Week

Minda Corporation Ltd.

12 Feb 2020

510.75

-5.14%

Result Update:Minda Corp

Buy: Minda Corporation Ltd.

Target

Axis Direct

Minda Corporation Ltd. (MCL) posted revenues of Rs 671 cr (?13% YoY, ?9% QoQ) in Q3FY20 mainly due to fall in revenue largely reflecting the industry slowdown. EBIDTA margins were a beat and came in at 11.3% (v/s 7.1% in Q3FY19)

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

Minda Corporation Ltd.

14 Nov 2019

510.75

-5.14%

Result Update:Minda Corp

Buy: Minda Corporation Ltd.

Target

Axis Direct

Minda Corporation Ltd. (MCL) posted revenues of Rs 735 cr (?5% YoY, ?4% QoQ) in Q2FY20 mainly due to fall in revenue (?22% YoY) in Information and Connected Systems (ICS) segment which caters to commercial vehicle industry which is down by 38.6% in Q2FY20.

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

Minda Corporation Ltd.

21 Aug 2019

510.75

-5.14%

Result Update:Minda Corp

Buy: Minda Corporation Ltd.

Target

Axis Direct

Minda Corporation Ltd. (MCL) posted revenues of Rs 702 Cr. (?9% YoY, ?8% QoQ) in Q1FY20 mainly due to dismal performance of Plastics & Interior business (?38% YoY). This was majorly due to a substantial fall in tool sales of Minda KTSN, on subdued European demand.

Minda Corporation Ltd.'s price crossed below 100Day SMA today

Minda Corporation Ltd.

11 Jun 2019

510.75

-5.14%

Result Update:Minda Corp

Buy: Minda Corporation Ltd.

Target

Axis Direct

Minda Corporation Ltd. (MCL) posted revenues of Rs 771 Cr. (up 7% Y-o-Y, flat Q-o-Q) in 4QFY19 due to growth in volumes across major businesses particularly Mechatronics and Information & Connected systems, profit after tax was flat at Rs 39.1 cr.

Minda Corporation Ltd. is trading at high volume of 883.6K with price loss of -5.14.

Minda Corporation Ltd.

14 May 2019

510.75

-5.14%

Minda Corp

Buy: Minda Corporation Ltd.

Target

KRChoksey

Incorporated in 1985, Minda Corporation Ltd. (MCL) is the flagship company of Spark Minda, Ashok Minda Group, the erstwhile Minda Group. One of the leading automotive component manufacturing companies, it has pan-India and international presence. The company operates through three business verticals Safety, Security & Restraint, Driver Information & Telematics and Interior Plastics for auto OEMs. Their products cater to 2/3 wheelers, passenger vehicles, commercial vehicles and after market. It has 34 manufacturing facilities in India (28 plants & two offices) & South-East Asia (2 plants & one representative office in Japan), Europe...

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

Minda Corporation Ltd.

13 Nov 2018

510.75

-5.14%

Minda Corporation Ltd. - Q2FY19 Result Update - Topline healthy; but margins disappoint

Buy: Minda Corporation Ltd.

Target

Religare

Minda Corp reported decent set of numbers, which were only marginally lower than our estimates. Its Net Sales grew at a healthy pace of 18.1% YoY led by strong growth witnessed in the domestic business which grew by 26% YoY. Despite margin improvement in its two segments namely, SSR and DIS, the overall operating margin contracted by 82bps during the quarter mainly on account of lower revenue in the Interior system (IS) business.

Minda Corporation Ltd.'s price crossed below 100Day SMA today

Is Minda Corporation Ltd. worth buying?

243 Votes:

Buy 83.13%

Sell 7.41%

Hold 9.47%

RESEARCH REPORTS

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