NSE: MINDACORP | BSE: 538962

Falling Comet

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487.40 4.60 (0.95%)

25.25% Fall from 52W High

55,587 NSE+BSE Volume

NSE 08 May, 2025 1:16 PM (IST)

11,652.7

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.

26 Nov 2016

487.40

0.95%

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 632.00 from 2 brokers.

Minda Corporation Ltd.

20 Aug 2016

487.40

0.95%

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. is trading below all available SMAs

Minda Corporation Ltd.

18 Aug 2016

487.40

0.95%

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. has an average target of 632.00 from 2 brokers.

Minda Corporation Ltd.

18 Dec 2015

487.40

0.95%

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 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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