|
12 Oct 2025 |
Minda Corporation
|
Consensus Share Price Target
|
588.95 |
583.20 |
- |
-0.98 |
buy
|
|
|
|
|
22 May 2023
|
Minda Corporation
|
Axis Direct
|
588.95
|
310.00
|
279.30
(110.87%)
|
Target met |
Buy
|
|
|
Recommendation: We maintain a positive view of the company as it will be a key beneficiary of product premiumization, EV growth, and increased business from CV/PV OEMs.
|
|
22 May 2023
|
Minda Corporation
|
ICICI Direct
|
588.95
|
300.00
|
279.30
(110.87%)
|
Target met |
Hold
|
|
|
|
|
21 Feb 2023
|
Minda Corporation
|
Axis Direct
|
588.95
|
230.00
|
196.35
(199.95%)
|
Target met |
Buy
|
|
|
We continue to value the stock at 16x FY25 EPS. Our unchanged TP of 230 implies an upside of 13.5% from the CMP.
|
|
21 Feb 2023
|
Minda Corporation
|
ICICI Direct
|
588.95
|
230.00
|
196.35
(199.95%)
|
Target met |
Hold
|
|
|
|
|
10 Feb 2023
|
Minda Corporation
|
Axis Direct
|
588.95
|
230.00
|
204.40
(188.14%)
|
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
|
588.95
|
270.00
|
205.05
(187.22%)
|
Target met |
Buy
|
|
|
|
|
09 Sep 2022
|
Minda Corporation
|
Axis Direct
|
588.95
|
270.00
|
228.35
(157.92%)
|
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.
|
|
18 May 2022
|
Minda Corporation
|
Axis Direct
|
588.95
|
245.00
|
211.50
(178.46%)
|
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
|
588.95
|
315.00
|
271.20
(117.16%)
|
|
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
|
588.95
|
230.00
|
194.95
(202.10%)
|
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.
|