NSE: MINDACORP | BSE: 538962

Mid-range Performer

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516.40 13.05 (2.59%)

553.5K NSE+BSE Volume

NSE 14 Jul, 2025 3:42 PM (IST)

12,346.1

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.

16 Nov 2017

516.40

2.59%

Minda Corporation Ltd: Consistent Order Book Built-up (Nov 16, 2017)

Hold: Minda Corporation Ltd.

Recommendation Target

Karvy

Consistent Order Book Built-up; Minda Corporation Ltd (MCL) posted revenue of Rs. 6550 Mn during Q2FY18 up by 12.6% QoQ/19.6% YoY driven by higher export orders and increase in share of business with their clients.

Minda Corporation Ltd. has an average target of 590.00 from 1 broker.

Minda Corporation Ltd.

15 Nov 2017

516.40

2.59%

Result Update Q2FY18 Minda Corporation

Buy: Minda Corporation Ltd.

Target

Religare

Minda Corp reported revenue and profit growth ahead of our estimates for Q2FY18. Total income surged 12.6% (not comparable due to change in accounting standard) and Net profit increased by 82.7% on yoy basis. The topline was supported by growth in volumes across all the segments, whereas profit increased due to better product mix, reduction in operational cost and higher volumes.

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

Minda Corporation Ltd.

12 Apr 2017

516.40

2.59%

Minda Corporation Ltd: Minda Corporation Meeting Note (Apr 12, 2017)

Mgmt Note: Minda Corporation Ltd.

Karvy

Minda Corporation Meeting Note: Minda Corp management met with 10 fund managers / analysts of various institutional investors comprising of Mutual Funds and Insurance Companies on April 10, 2017 at Hotel Sofitel, Mumbai in the event organized by Karvy Stock Broking Ltd. Below are some insights from the meeting.

Minda Corporation Ltd. is trading below all available SMAs

Minda Corporation Ltd.

23 Feb 2017

516.40

2.59%

Result Update Q3FY17 Minda Corporation

Buy: Minda Corporation Ltd.

Religare

Minda Corp reported poor set of numbers, partially hit by demonetization, higher material costs in its subsidiary Minda Furukawa and pre-operative expenses related to the Mexico plant and technical centre in Pune. As a result, though Net revenue increased by 10%, Net profit slumped by 36.3% on YoY basis.

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

Minda Corporation Ltd.

16 Feb 2017

516.40

2.59%

Minda Corporation Ltd: Temporary Issues in Subsidiary Deplet... (Feb 16, 2017)

Buy: Minda Corporation Ltd.

Target

Karvy

Temporary Issues in Subsidiary Deplete Operating Margins:Q3FY17 consolidated revenue posted Rs. 7230 Mn up by 10.1% YoY and declined by 7.6% QoQ, where EBITDA significantly dropped by 69.6%/63.8% in QoQ/YoY majorly led by one-off expenses in the raw material costs in their joint venture Minda Furukawa Ltd and some pre-operating expenses in their green field Mexico plant and Spark Minda technical centre (Pune).

Minda Corporation Ltd. is trading below all available SMAs

Minda Corporation Ltd.

06 Dec 2016

516.40

2.59%

Religare Investment Call - Minda Corporation

Buy: Minda Corporation Ltd.

Religare

Minda Corporation is amongst the leading automotive component companies with a diversified product portfolio that encompasses Safety, Security & Restraint Systems; Driver Information & Telematics Systems and Interior Systems for auto OEMs. These products cater to 2/3 wheelers, Passenger Vehicles, Commercial Vehicles and after-market.

Minda Corporation Ltd. has an average target of 590.00 from 1 broker.

Minda Corporation Ltd.

26 Nov 2016

516.40

2.59%

Minda Corporation Ltd: Driver & Telematic Segment Continues ... (Nov 26, 2016)

Buy: Minda Corporation Ltd.

Target

Karvy

Driver & Telematic Segment Continues to Be The Main Growth Driver: Minda Corporation consolidated business grew by 26.9% (YoY)/12.5% (QoQ)driven by Minda Stoneridge and Minda SAI revenues which grew at an average of 12-15% YoY during H1FY17 driven by increase in share of business with OEMs. Standalone business grew at 8.7% (YoY) and 9.9% (QoQ).

Minda Corporation Ltd. has an average target of 590.00 from 1 broker.

Minda Corporation Ltd.

20 Aug 2016

516.40

2.59%

Minda Corporation Ltd: New Ventures Likely to Expand Scope a... (Aug 20, 2016)

Buy: Minda Corporation Ltd.

Target

Karvy

Minda Corporation consolidated business grew by 31.7% (YoY) / 7.9% (QoQ) driven by Minda Stoneridge revenues which grew at ~ 25.0% (YoY) while standalone business grew at 12.6% (YoY) and remained flattish with -0.8% (QoQ), which the company attributes it for the seasonality. Similarly, EBITDA margins have improved by 75bps to 8.4% in Q1FY17 as compared to last quarter as they had one-off expenses in Q4FY16; while on YoY basis, EBITDA margins have shrunk by 53bps impacted by their joint ventures and Minda Furukawa on account of pricing constraints and higher imports. However, initiatives like alternate sourcing and localization are expected to revive EBITDA margins going forward in FY18E.

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

Minda Corporation Ltd.

18 Aug 2016

516.40

2.59%

Minda Corp

Buy: Minda Corporation Ltd.

GEPL Capital

Minda Corporation Ltd is the leading automotive components manufacturer & flagship company of Spark Minda, Ashok Minda Group. Company has a diversified product portfolio that encompasses Safety Security, Driver Information & Interior Systems for automobile sector across the globe. These products caters to two wheelers, three wheelers, passenger vehicles, commercial vehicles & aftermarket. Company has 32 state of the art manufacturing...

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

Minda Corporation Ltd.

18 Dec 2015

516.40

2.59%

Minda Corporation Ltd: New Ventures Across Varied Automobile Segments to Bring A... (Dec 18, 2015)

Buy: Minda Corporation Ltd.

Karvy

Minda Corporation Ltd, along with its subsidiaries, is present across all segments of the automobile industry, which mainly manufactures lock systems, wiring harness, die-casting and interior plastic products.

Minda Corporation Ltd. has an average target of 590.00 from 1 broker.

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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Hold SEE REPORTS >

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