NSE: MINDACORP | BSE: 538962

Mid-range Performer

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595.65 2.25 (0.38%)

Near 52W High of ₹619.95

219.6K NSE+BSE Volume

NSE 26 Nov, 2025 2:50 PM (IST)

14,240.8

Market Cap

High in industry

1.2

Beta 1Year

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.

13 Feb 2020

595.65

0.38%

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

Deven Choksey downgraded Minda Corporation Ltd. to Accumulate with a price target of 649.0 on 07 Nov, 2025.

Minda Corporation Ltd.

12 Feb 2020

595.65

0.38%

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 646.33 from 3 brokers.

Minda Corporation Ltd.

14 Nov 2019

595.65

0.38%

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.

Deven Choksey downgraded Minda Corporation Ltd. to Accumulate with a price target of 649.0 on 07 Nov, 2025.

Minda Corporation Ltd.

21 Aug 2019

595.65

0.38%

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. has an average target of 646.33 from 3 brokers.

Minda Corporation Ltd.

11 Jun 2019

595.65

0.38%

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.

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

Minda Corporation Ltd.

13 Nov 2018

595.65

0.38%

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. has an average target of 646.33 from 3 brokers.

Minda Corporation Ltd.

06 Nov 2018

595.65

0.38%

Minda Corporation Ltd: Revenue Visibility Looks Intact

Buy: Minda Corporation Ltd.

Recommendation Target

Karvy

Revenue Visibility Looks Intact: Consolidated revenue for Q2FY19 came in at Rs. 7732 Mn vs. our estimation of Rs. 8187 Mn (5.5% deviation).

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

Minda Corporation Ltd.

27 Aug 2018

595.65

0.38%

Pick of the Week:27 AUG 2018

Buy: Minda Corporation Ltd.

Axis Direct

Deven Choksey downgraded Minda Corporation Ltd. to Accumulate with a price target of 649.0 on 07 Nov, 2025.

Minda Corporation Ltd.

16 Aug 2018

595.65

0.38%

Minda Corporation Limited - Q1FY19 Result Update - Robust performance; outlook remains strong

Buy: Minda Corporation Ltd.

Religare

Minda Corp reported strong set of numbers, which was marginally ahead of our estimates. Its consolidated net revenue and PAT grew by 33.8% and 63.3% yoy. The growth was led by robust growth witnessed across all three verticals and improved operational performance.

Deven Choksey downgraded Minda Corporation Ltd. to Accumulate with a price target of 649.0 on 07 Nov, 2025.

Minda Corporation Ltd.

11 Aug 2018

595.65

0.38%

Minda Corporation Ltd: Premiumisation Driven by Customer Dem...

Hold: Minda Corporation Ltd.

Target

Karvy

Premiumisation Driven by Customer Demand:Current order book line-up during Q1FY19 was Rs. 11000 Mn (1.4x of Q1FY19 revenue) across three verticals; Safety & Security, Driver Telematics and InteriorSystems.

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

Is Minda Corporation Ltd. worth buying?

247 Votes:

Buy 83.0%

Sell 7.29%

Hold 9.72%

RESEARCH REPORTS

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