|
18 Sep 2025 |
Minda Corporation
|
Consensus Share Price Target
|
531.45 |
571.50 |
- |
7.54 |
buy
|
|
|
|
|
10 Feb 2023
|
Minda Corporation
|
Axis Direct
|
531.45
|
230.00
|
204.40
(160.00%)
|
Target met |
Buy
|
|
|
We maintain a moderately positive view on the company as it will be a key beneficiary to product premiumization, EV growth, increased business from CV/PV OEMs but have a cautious outlook on the 2W domestic market and overall export market in the next few quarters.
|
|
22 Sep 2022
|
Minda Corporation
|
ICICI Direct
|
531.45
|
270.00
|
205.05
(159.18%)
|
Target met |
Buy
|
|
|
|
|
09 Sep 2022
|
Minda Corporation
|
Axis Direct
|
531.45
|
270.00
|
228.35
(132.73%)
|
Target met |
Buy
|
|
|
We maintain our BUY rating on the stock and value the company at 18x FY24E EPS to arrive at a TP of Rs 270/share (unchanged), implying an upside of 16% from the CMP.
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|
18 May 2022
|
Minda Corporation
|
Axis Direct
|
531.45
|
245.00
|
211.50
(151.28%)
|
Target met |
Buy
|
|
|
We maintain our BUY rating on the stock with a revised TP of Rs 245 (Rs 230 earlier), valuing the company at 18x FY24E EPS, implying an upside of 18% from CMP.
|
|
22 Apr 2022
|
Minda Corporation
|
ICICI Direct
|
531.45
|
315.00
|
271.20
(95.96%)
|
|
Buy
|
|
|
About the stock: Minda Corporation (MCL) primarily serves auto OEMs across two main verticals Mechatronics & Aftermarket (i.e. MCH safety & security, die-casting, starter motors, etc) and Information & Connected Systems (i.e. ICS mainly wiring...
|
|
07 Feb 2022
|
Minda Corporation
|
Axis Direct
|
531.45
|
230.00
|
194.95
(172.61%)
|
Target met |
Hold
|
|
|
We revise our rating from HOLD to BUY and value the stock at 17x FY24E EPS to arrive at a target price of Rs 230/share.
|
|
03 Nov 2021
|
Minda Corporation
|
Axis Direct
|
531.45
|
170.00
|
174.10
(205.26%)
|
Target met |
Hold
|
|
|
Given the recent run-up in Minda Corps stock price, we are revising our rating from BUY to HOLD and value the company at 16x FY23E EPS to arrive at a target price of Rs 170.
|
|
03 Nov 2021
|
Minda Corporation
|
ICICI Securities Limited
|
531.45
|
220.00
|
174.10
(205.26%)
|
Target met |
Buy
|
|
|
Robust order wins (~| 5,000 crore lifetime orders in past 18 months; replacement + new business) imparts healthy revenue visibility in medium to long term. We build 25.4% (FY21-23E) consolidated sales CAGR Has orders from incumbent and new age EV OEMs including Ola Electric FY23E margins, RoCE seen at 12.2%, 16.8%. Acquisition of remaining 49% stake in JV with Stoneridge (for | 161 crore i.e. <6x FY21 EV/EBITDA) to be...
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|
15 Sep 2021
|
Minda Corporation
|
ICICI Securities Limited
|
531.45
|
160.00
|
128.25
(314.39%)
|
Target met |
Buy
|
|
|
|
|
13 Sep 2021
|
Minda Corporation
|
Axis Direct
|
531.45
|
148.00
|
126.60
(319.79%)
|
Target met |
Buy
|
|
|
We recommend a BUY on the stock.
|