NSE: MINDACORP | BSE: 538962

Falling Comet

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477.50 -17.70 (-3.57%)

26.76% Fall from 52W High

309.9K NSE+BSE Volume

NSE 06 May, 2025 3:31 PM (IST)

11,416

Market Cap

High in industry

1.2

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.

11 Dec 2017

477.50

-3.57%

Pick of the Week:11 DEC 2017

Buy: Minda Corporation Ltd.

Target

Axis Direct

Minda Corporation Ltd. is trading below all available SMAs

Minda Corporation Ltd.

30 Nov 2017

477.50

-3.57%

Initiating Coverage:Minda Corp

Buy: Minda Corporation Ltd.

Axis Direct

Focus on increasing exports and reduce costs, geared to tap potential growth opportunities, Greenfield expansion at Mexico and Die Casting plant at Pune to aid revenue growth, Diversified revenue streams product and end-market wise

Minda Corporation Ltd. has an average target of 632.00 from 2 brokers.

Minda Corporation Ltd.

16 Nov 2017

477.50

-3.57%

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 632.00 from 2 brokers.

Minda Corporation Ltd.

15 Nov 2017

477.50

-3.57%

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. is trading below all available SMAs

Minda Corporation Ltd.

14 Sep 2017

477.50

-3.57%

Minda Corp

Buy: Minda Corporation Ltd.

Target

KRChoksey

Company's Net Sales stood at INR 5,817 Mn which was up by 19% y-o-y but was 10% down from our estimate resulting out of slow growth on account of implementation and anticipation of GST. Growth in revenues was on account of significant increase in system business which grew by 10% and was further boosted by tooling business. EBIDTA stood at INR 443 Mn which decreased by 9.12% y-o-y. EBIDTA margin stood at 7.1%. Employee cost increased by 11.2% y-o-y....

Minda Corporation Ltd. is trading below all available SMAs

Minda Corporation Ltd.

01 Sep 2017

477.50

-3.57%

Minda Corp

Buy: Minda Corporation Ltd.

KRChoksey

Smart Acquisition for Smart Automobile Future : Company today acquired EI LABS India Pvt. Ltd. (EI Labs) for an approx enterprise value of INR 63Mn to enhance Group's expertise in Connected Mobility and IoT Solutions. EI Labs which is located at Bangalore, Karnataka and was founded by professionals with extensive global experience in the high-tech IT industry, with a vision to touch human life...

Minda Corporation Ltd. has an average target of 632.00 from 2 brokers.

Minda Corporation Ltd.

12 Apr 2017

477.50

-3.57%

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

477.50

-3.57%

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. has an average target of 632.00 from 2 brokers.

Minda Corporation Ltd.

16 Feb 2017

477.50

-3.57%

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, 09:30AM

477.50

-3.57%

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 632.00 from 2 brokers.

Is Minda Corporation Ltd. worth buying?

242 Votes:

Buy 83.06%

Sell 7.44%

Hold 9.5%

RESEARCH REPORTS

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