530.50 -18.20 (-3.32%)
230.4K Volume
NSEMar 05, 2021 03:31 PM
The 17 reports from 5 analysts offering long term price targets for Minda Industries Ltd. have an average target of 581.00. The consensus estimate represents an upside of 9.52% from the last price of 530.50.
Summary | Date | Stock | Broker | Price at Reco. | Target | Price at reco Change since reco(%) | Upside(%) | Type | Report | Discuss |
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2021-02-10 | Minda Industries Ltd. + | Chola Wealth Direct | 586.10 | 631.00 | 586.10 (-9.49%) | 18.94 | Buy | EARNINGS UPDATE- MINDA INDUSTRIES LTD 3QFY21
Chola Wealth Direct
Background Established in 1958, Minda Industries (MIL) is a flagship Company of UNO MINDA GROUP and one of the leading suppliers of proprietary automotive solution to OEMs. Headquarter at Manesar, Gurgaon, the company has 62 plants globally and R&D; centers spread across the globe in 8 locations. The company offers a wide range product across different verticals of auto components like switching systems, lighting systems, acoustic systems and alloy wheels among others. It has more than 230 design registration and more than 30,000 touch points. Company has ~50% market share in switch segment thus leading automotive components...
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2021-02-08 | Minda Industries Ltd. + | Edelweiss | 592.85 | 675.00 | 592.85 (-10.52%) | 27.24 | Buy | |||
2021-02-05 | Minda Industries Ltd. + | Axis Direct | 551.90 | 567.00 | 551.90 (-3.88%) | Target met | Buy | Result Update:Minda Industries
Axis Direct
We retain BUY with a target price of Rs 567 (earlier target Rs 406) on back of capacity of the company to capitalize on the recovery in the automobile sector and outperformance of MIL over industry growth.
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2021-02-05 | Minda Industries Ltd. + | ICICI Securities Limited | 551.90 | 625.00 | 551.90 (-3.88%) | 17.81 | Buy | Minda Industries
ICICI Securities Limited
MIL said: (1) new EV products BMS, on-board chargers to go into production in next few months (kit value at ~| 5-10,000/unit) and EV focus would be on high value, import substitution products, (2) new customer additions in 4W, BS-VI content increase in 2-W, higher share of business helped switch performance (up 40% YoY), (3) it is in global top decile for alloy wheels in terms of operating costs, (4) lighting, acoustics have scope for margin improvement, (5) peak revenue (~| 400 crore) run-rate of 2-W alloy wheel plant could be achieved by next year end & MIL may prepone phase 2 which expands capacity by 2 million units p.a. to 6 million units p.a., (6) will need...
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2020-12-16 | Minda Industries Ltd. + | ICICI Securities Limited | 390.45 | 440.00 | 390.45 (35.87%) | Target met | Buy | Minda Industries
ICICI Securities Limited
Domestic auto industry volumes have been on a steady mend in the months post lifting of lockdown restrictions. Manufacturing and distribution activities have been getting ramped up gradually since June 2020, in step with the rest of the economy. However, the impact of the pandemic on the supply chain continues to inhibit a complete return to production normalcy. Nevertheless, most automotive industry segments have reported successive improvement in offtake throughout June-November 2020 (Exhibit 1) on the back of (i) initial bounce provided by pent-up aspect,...
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2020-11-20 | Minda Industries Ltd. + | Chola Wealth Direct | 364.85 | 390.00 | 364.85 (45.40%) | Target met | Neutral | EARNINGS UPDATE- MINDA INDUSTRIES LTD 2QFY21
Chola Wealth Direct
Background Established in 1958, Minda Industries (MIL) is a flagship Company of UNO MINDA GROUP and one of the leading suppliers of proprietary automotive solution to OEMs. Headquarter at Manesar, Gurgaon, the company has 62 plants globally and R&D; centers spread across the globe in 8 locations. The company offers a wide range product across different verticals of auto components like switching systems, lighting systems, acoustic systems and alloy wheels among others. It has more than 230 design registration and more than 30,000 touch points. Company has ~50% market share in switch segment thus leading automotive components...
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2020-11-19 | Minda Industries Ltd. + | Geojit BNP Paribas | 368.60 | 407.00 | 368.60 (43.92%) | Target met | Accumulate | MINDA IND
Geojit BNP Paribas
Minda Industries Ltd (MIL) is a diversified auto ancillary supplier, manufacturing products such as switches, horns & lights. MIL holds a leadership position in switch business with a market share of 67%. MIL's diversified portfolio in the auto component has led the revenue to grow by 8%YoY. This was largely on account of demand for superior product related to BS-VI vehicles. Enhanced safety features and premiumisation of vehicle will further lead to value migration and higher kit value per vehicle for...
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2020-11-11 | Minda Industries Ltd. + | ICICI Securities Limited | 367.05 | 410.00 | 367.05 (44.53%) | Target met | Buy | Minda Industries
ICICI Securities Limited
MIL said: (1) It reached 100% 4-W alloy wheel utilisation in SeptemberOctober, (2) Recently commissioned two lines of 2-W alloy wheel plant with remaining two to be commissioned by March 2021; expect 60-70% utilisation in FY22 (peak revenue potential ~| 470 crore), (3) Rights issue money utilised to write down debt, WC needs, investments, (4) Harita Seating (HSSL) merger to help both companies acquire newer clients; MIL will introduce some HSSL products in its aftermarket channel. It wants to double HSSL topline in four to five years, (5) high value businesses acquired post Delvis acquisition have peak revenue potential of ~| 200 crore per...
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2020-08-26 | Minda Industries Ltd. + | Chola Wealth Direct | 345.05 | 343.00 | 345.05 (53.75%) | Target met | Neutral | EARNINGS UPDATE- MINDA INDUSTRIES LTD 1QFY21
Chola Wealth Direct
Background Established in 1958, Minda Industries (MIL) is a flagship Company of UNO MINDA GROUP and one of the leading suppliers of proprietary automotive solution to OEMs. Headquarter at Manesar, Gurgaon, the company has 62 plants globally and R&D; centers spread across the globe in 8 locations. The company offers a wide range product across different verticals of auto components like switching systems, lighting systems, acoustic systems and alloy wheels among others. It has more than 230 design registration and more than 30,000 touch points. Company has ~50% market share in switch segment thus leading automotive components...
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2020-08-26 | Minda Industries Ltd. + | Edelweiss | 358.55 | 415.00 | 358.55 (47.96%) | Target met | Buy | Minda Industries Ltd. | Q1FY21 Result Update | Challenging quarter; however healthy revival provides comfort
Edelweiss
Minda Inds (Minda) topline came below our expectation topline, however losses at both EBITDA and PAT levels were lower than our expectations.
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2020-08-25 | Minda Industries Ltd. + | ICICI Securities Limited | 360.85 | 370.00 | 360.85 (47.01%) | Target met | Hold | Minda Industries
ICICI Securities Limited
MIL said (1) It operated at ~70% pre Covid levels in July and is currently operating at ~80% in August, with rural-led demand recovery (2-W, tractors) seen continuing; (2) August production levels Europe 85%, Mexico 75%, Asean 60%; (3) 2-W alloy wheel plant to be commissioned by September 2020 (full ramp up by mid next year), (4) large part of rights issue proceeds to be used to retire debt (marginally down QoQ) & is expected to be EPS accretive (5) Expect ~| 100 crore incremental sensors revenues in FY22E, (6) Delvis normal annual sales run rate is ~ | 250 crore; (7) Steep drop in...
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2020-07-06 | Minda Industries Ltd. + | Axis Direct | 299.20 | 318.00 | 299.20 (77.31%) | Target met | Buy | Pick of the Week:06 JUL 2020
Axis Direct
Minda Industries Ltd (MIL) is a leading tier 1 supplier for Indian OEM's with a diversified product portfolio which includes switches, lighting systems, sensors, air bags, infotainment, batteries, alloy wheels, blow molded parts etc. It has 62 manufacturing facilities in 7 countries
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2020-07-03 | Minda Industries Ltd. + | Edelweiss | 286.10 | 313.00 | 286.10 (85.42%) | Target met | Buy | |||
2020-05-06 | Minda Industries Ltd. + | Axis Direct | 259.75 | 318.00 | 259.75 (104.23%) | Target met | Buy | |||
2020-04-21 | Minda Industries Ltd. + | Geojit BNP Paribas | 253.85 | 300.00 | 253.85 (108.98%) | Target met | Buy | MINDA IND
Geojit BNP Paribas
Minda Industries Ltd (MIL) is a diversified auto ancillary supplier, manufacturing products such as switches, horns & lights. MIL holds a leadership position in switch business with a market share of 67%. MIL's diversified portfolio in auto components manufacturing qualify it to be a direct beneficiary post COVID 19. Implementation of BS-VI norms, enhanced safety features and premiumisation of vehicle will further lead to value migration and higher kit value per vehicle for MIL in FY21....
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2020-04-17 | Minda Industries Ltd. + | ICICI Securities Limited | 283.25 | 300.00 | 283.25 (87.29%) | Target met | Buy | Minda Industries
ICICI Securities Limited
MIL is uniquely positioned in the domestic auto ancillary space as a provider of a wide variety of product solutions straddling established and growing opportunities. The company is also one of the few credible players in the high growth potential segments of airbags and alloy wheels. MIL possesses a steady state organic business riding on value migration i.e. higher kit value. We like MIL courtesy its progressive product profile, healthy capital efficiency and consistent positive CFO generation. Accordingly, we assign a...
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2020-02-19 | Minda Industries Ltd. + | Geojit BNP Paribas | 376.05 | 415.00 | 376.05 (41.07%) | Target met | Accumulate | MINDA IND
Geojit BNP Paribas
Minda Industries Ltd (MIL) is a diversified auto ancillary supplier, manufacturing products such as switches, horns & lights. MIL holds a leadership position in switch business with a market share of 67%. Q3FY20 revenue de-grew by -10%YoY on account -12%YoY volume decline in automobile sector. However due to diversified product mix the company was able to arrest further decline. EBITDA margin came in-line at 12.3%YoY owing to cost control initiatives and favorable product mix...
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2020-02-11 | Minda Industries Ltd. + | Edelweiss | 374.20 | 435.00 | 374.20 (41.77%) | Target met | Buy | |||
2020-02-10 | Minda Industries Ltd. + | Chola Wealth Direct | 380.45 | 351.00 | 380.45 (39.44%) | Target met | Neutral | EARNINGS UPDATE- MINDA INDUSTRIES LTD 3QFY20
Chola Wealth Direct
Background Established in 1958, Minda Industries (MIL) is a flagship Company of UNO MINDA GROUP and one of the leading suppliers of proprietary automotive solution to OEMs. Headquarter at Manesar, Gurgaon, the company has 62 plants globally and R&D; centers spread across the globe in 8 locations. The company offers a wide range product across different verticals of auto components like switching systems, lighting systems, acoustic systems and alloy wheels among others. It has more than 230 design registration and more than 30,000 touch points. Company has ~50% market share in switch...
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2019-11-27 | Minda Industries Ltd. + | Geojit BNP Paribas | 346.80 | 388.00 | 346.80 (52.97%) | Target met | Accumulate | MINDA IND
Geojit BNP Paribas
Minda Industries Ltd (MIL) is a diversified auto ancillary supplier, manufacturing products such as switches, horns & lights. MIL holds a leadership position in switch business with a market share of 67%. Q2FY20 revenue de-grew by -10%YoY on account 20% volume decline in automobile sector. However MIL outperformed the industry growth owing to its diversified product mix....
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