We believe that the stock deserves to trade at higher multiples (compared to current levels 14/10x for FY22/23E) as we forecast EBITDA to grow at 50% CAGR over FY21- 23E and there will a significant improvement in cash flow generation and return ratio. Know all about Minda Corporation Ltd. share price and read why Minda Corporation Ltd. share price is DOWN by 0.50% today. (2 new), Cement Makers Can't Keep Up With Rising Demand, Asian Paints Q3 Preview: Festive demand-led strong volume may boost earnings, push margin at record high, Results Declared in Last Two Days with both YoY and QoQ Profit Growth, MFs for your child's education or retirement, Create your own screener (from 1000+ indicators), Shareholding screeners for promoters, MFs, institutions, Just getting started? The best long-term & short-term Minda share price prognosis for 2021, 2022, 2023, 2024, 2025, 2026 with daily 538962 exchange price projections: monthly and daily opening, closing, maximum and minimum stock price outlook with smart technical analysis Transition towards premium products like smart key is the fundamental driver for this division. But that doesn't … Trades at inexpensive valuations i.e.... Minda Corp posted weak margin performance in 2QFY21. 135 (at 15x FY22E). And over the last one year, MINDA CORPORATION share price is down 15.6%. from the last price of 88.90. The Prices page of Minda Corporation Ltd.. captures the information on Price and Volume for a user defined time interval. 82 Cr (same as Q4FY18) however EBITDA margins expanded by 350 bps QoQ to 10.6% for the quarter, led by a 460 bps improvement in gross margins (QoQ). Minda Corporation Ltd. (MCL) posted revenues of Rs 771 Cr. Get Minda Corporation Ltd. live share price, historical charts, volume, market capitalisation, market performance, reports and other company details. : EMKAY, FEDERALBNK, News by Trendlyne Edelweiss has given a buy rating to Minda Corporation with a target price of Rs 88. On the NSE, MINDA CORPORATION last traded price was up 4.2% to Rs 89.3. SGX Nifty up 60 points; here's what changed for market while you were sleeping, Stocks in the news: RIL, Future Retail, Axis Bank, Bajaj Finance, Asian Paints & Bajaj Auto, Jack Ma’s video chat prompts a $58 billion sigh of relief, Bitcoin slides below $35,000 as crypto mania loses momentum, Bullish bets on bitcoin most crowded trade: BofA Securities, Sebi gives nod to Reliance’s acquisition of Future Retail, ETMGS: Government in Budget 2021 should go for growth-oriented measures to bridge the income gap, Home First Finance garners Rs 346 cr from anchor investors ahead of IPO, NSE-BSE bulk deals: SBI Mutual Fund buys 3.6% stake in Kirloskar Oil Engines, Sebi approves Reliance Retail’s acquisition of Future Group’s retail assets, IRFC IPO subscribed 3.49 times on final day. Reliance Securities has buy call on Minda Industries with a target price of Rs 460. In the lock & key assembly segment, Minda Corp commands market share of ~33-35% with content per vehicle in this sub-segment at ~| 400-450 per vehicle. All times stamps are reflecting IST (Indian Standard Time).By using this site, you agree to the Terms of Service and Privacy Policy. The consensus estimate represents an upside of 1.66% from the last price of 406.25. If the company grows in the future, there will be a high probability to … The 14 reports from 5 analysts offering long term price targets Minda Industries Ltd. share price forecast The 16 reports from 5 analysts offering long term price targets for Minda Industries Ltd. have an average target of 413.00. 103 (at 18x FY22E). EBIDTA margins were a beat and came in at 11.3% (v/s 7.1% in Q3FY19). One of the leading automotive component manufacturing companies, it has pan-India and international presence. Updated: Dec 23, 2020, 10.39 PM IST . It is poised to benefit from BSVI transition significantly. Everything else about Q4 results was disappointing. After analyzing the company and market data minutely, Minda has the power to unfold in medium to long-term and become the multibagger of late 2018. NSE Quotes and Nifty are also real time and licenced from National Stock Exchange. ICICI Securities Limited released a Buy report for Minda Corporation Ltd. with a price target of 105.0 on 24 Dec, 2020. This target was achieved and in 1897 a home was purchased on Fullarton Road, Fullarton. Minda Ind.s (MIL) consolidated revenues stood at Rs 1,327 cr (?10% YoY & ?2% QoQ) in Q3FY20 largely in line with industry slowdown. This post can indeed be a vital analysis and review for those who are willing to buy its shares. We expect MCL's top line to grow at 1.5x the automobile industry led by (i) organic and inorganic expansion, (ii) strong relationships with OEMs, (iii) opportunities in sensors, ABS and wiring harness on the back of BS6 implementation and (iv) focus on exports. - This broker has upgraded this stock from it's previous report.(eg. Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. (?9% YoY, ?8% QoQ) in Q1FY20 mainly due to dismal performance of Plastics & Interior business (?38% YoY). Shares in Minda are currently priced at ₹92.8. Minda Corporation Analyst, Brokerage Reports, Latest Research Report on Minda Corporation. Price target in 14 days: 410.745 INR. The total volume of shares traded was 0.4 m. Overall, the benchmark S&P BSE SENSEX was at 49,398.3 (up 1.7%). At CMP, MCL is trading at a PE of 12.3x FY22E EPS. Total … Domestic air passenger traffic grows 22% in Nov. We maintain Buy' on the stock with a target of Rs. (eg. It has 34 manufacturing facilities in India (28 plants & two offices) & South-East Asia (2 plants & one representative office in Japan), Europe... Nifty50 companies average YoY revenue changed by 5.4%, Trending news Get today's Minda Corporation Ltd stock price and latest MINC news as well as Minda Corp real-time stock quotes, technical analysis, full financials and more. Minda Corporation Limited's (NSE:MINDACORP) Popularity With ... Minda Corp Company News, Minda Corp Updates, Company Results ... MINDACORP Stock Price and Chart — NSE:MINDACORP ... 5 potential multibaggers you can buy for less than Rs 5000 ... Don't Sell Minda … The share price moved up by 4.14 per cent from its previous close of Rs 66.40. Minda Corporation is one of the leading suppliers of locksets, wiring harness and instrument clusters in the Indian automotive market. At that level they are trading at 1.91% discount to the analyst consensus target price of 0.00. Double in 3 months! ICICI Direct has given a buy rating to Minda Industries with a target price of Rs 410. Is it time to sell Tata Motors stock now? for Minda Corporation Ltd. have an average target of 93.00. - Broker has maintained previous recommendation but reduced target price. Get Live BSE/ NSE stock price of Minda … Minda Corporation Share Price Target [Multibagger 2018 ... MINDA Share Price - MINDACORP Share Price. We value it at | 105 i.e. The stock’s last traded price is Rs 369.15. The company reported EBIDTA of Rs 163 cr (?21% YoY & ?1% QoQ) with EBIDTA margin of 12.3% (+42 bps on YoY basis) owing to revenue decline, Minda Corporation Ltd. (MCL) posted revenues of Rs 671 cr (?13% YoY, ?9% QoQ) in Q3FY20 mainly due to fall in revenue largely reflecting the industry slowdown. EBIDTA margin came in at a paltry 5.5% (down 510 bps YoY and 580 bps QoQ). The key catalysts that would drive stock re-rating are 1) wind up of its loss making KTSN business is structurally positive(significant saving in... Minda Corp. Ltd.'s Q1FY21 performance was not only marked by the disruption due to lockdown but also without its European subsidiary Minda KTSN post announcement of the insolvency in June 2020. MCL reported net loss of INR 354 Mn in Q1FY21 as compare to net profit of 212 Mn in corresponding quarter last year.... Mindacorp reported revenues ahead of our estimates atRs698cr down 10% YoY. It also contains the Live Stock Price and Volume, 52 Week High Low, Bid and Offer Price and Volume, Intraday and Historical Price Chart. The Stock turn goods for the Investors @ 35.00 Target 1 - 50 Target 2 - 60 Target 3 - 70 SL: 27 Disclaimer: Kindly do your own analysis before executing the trade. Minda Stock Price Forecast, 538962 stock price prediction. Hence, the quarterly results reported for Q1FY21 were without the numbers from its erstwhile. represents an upside of 4.61% We expect MCL's top line to grow at over 1.5x the industry led by (i) organic and inorganic expansion, (ii) strong relationships with OEMs, (iii) opportunities in sensors, ABS and wiring harness on the back of BS6 implementation and (iv) focus on exports. - Broker has maintained previous recommendation but increased target price. Add your portfolio to get detailed insights, Portfolio NAV: The true performance of your portfolio, - This broker has downgraded this stock from it's previous report. 3. At CMP, MCL is trading at a PE of 13.0x FY22E EPS. You can switch off notifications anytime using browser settings. 721 Cr YoY and Rs. Minda Corporation MINDACORP share price targets . EBTIDA margin for Q1FY21 was negative 11.42% compare to positive EBTIDA margin of 11.42%, significant decline was due to negative operating leverage, product mix and higher fixed cost. EBITDA margins were at 11.4% during Q4FY18. 771 Cr vs Rs. The Company has 28 manufacturing facilities located across various parts of India … Minda Corporation approves grant of 3 lakh stock options to employees. Gross profit margin for Q1FY21 came in at 37.77%. Minda Industries share price jumped over 7% on Wednesday after the auto components maker announced that its board has fixed the price at Rs 250 per equity share … The company operates through three business verticals Safety, Security & Restraint, Driver Information & Telematics and Interior Plastics for auto OEMs. Indigo Paints IPO kicks off: Can this issue deliver solid returns? Revenue from operations for the company grew by 7% YoY to Rs. Minda Industries Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 11203.46 Crore) operating in Auto Ancillaries sector. Under the programme, each stock option is convertible into 1 equity share … Its institutions consist of Asia metropolitan university located in Cheras, … EBITDA margin stood at 10% (-187bps YoY) led by weak margin in both Mechatronics and Wiring harness segment. The current share price is 90.70. Revenue grew 17% YoY while EBITDA remain flat dragged by contraction in gross margin. Have you read these stories? Hence, we assign a BUY rating. EBITDA stood at Rs. Promoters held 68.1 per cent stake in the company as of March 31, 2020, while FIIs held 8.9 per cent, DIIs 5.5 per cent and public and others 17.6 per cent. Hence, our Minda Corporation Share Price Target is set at 225. For reprint rights: Times Syndication Service, Mirae Asset Emerging Bluechip Fund Direct-Growth, Stock Analysis, IPO, Mutual Funds, Bonds & More. MCL reported EBITDA loss of INR 203.20 Mn compare to positive EBITDA of INR 666.8 Mn. Levels of 89.42, 87.42, 81.72, 78.15, 70.44 are share price targets for Minda Corporation MINDACORP Click here for weekly and monthly share price targets Incorporated in 1985, Minda Corporation Ltd. (MCL) is the flagship company of Spark Minda, Ashok Minda Group, the erstwhile Minda Group. Minda Industries Stock Price Forecast, 532539 stock price prediction. Minda Corporation Live BSE, NSE Charts, historical charts, F&O Quote, Stock quote of Minda … Ahead of Market: 12 things that will decide stock action on Thursday, India to return to pre-Covid GDP growth, perhaps a bit higher: Arvind Panagariya, Jim Rogers warns of a bubble building in stock valuations, What tax changes Dalal Street is pushing for in Union Budget 2021, Stocks in the news: Adani Green, YES Bank, ICICI Lombard & Mindtree, What to do if you are among the victims of Karvy Broking mess, All you need to know about IPO allotment process, Want to make India a major electronic manufacturing hub: Ravi Shankar Prasad. Price target in 14 days: 95.332 INR. : Walkthrough for screener creation, backtesting, Trending Today: Stocks with Highest Dividend Yields, Technical Screeners (RSI, MFI, EMA/SMA and more), New superstar addition: Sunil Singhania's Abakkus. The share price moved up by 1.14 per cent from its previous close of Rs 365. Minda Corporation Ltd. (MCL) posted revenues of Rs 735 cr (?5% YoY, ?4% QoQ) in Q2FY20 mainly due to fall in revenue (?22% YoY) in Information and Connected Systems (ICS) segment which caters to commercial vehicle industry which is down by 38.6% in Q2FY20. Never miss a great news story!Get instant notifications from Economic TimesAllowNot now, BSE:538962  |  NSE:MINDACORPEQ  |  58888:  |  IND:Auto Ancl - Others  |  ISIN code:INE842C01021  |  SECT:Auto Ancillaries. We are enthused by MCL's intent to clock ~12% margins & ~20%+ RoIC in future and would closely monitor its forward journey, consistency in performance for any further upgrades in our fair value calculation. Minda Corp share price Blogs, Comments and Archive News on Economictimes.com. The company operates through four business segments which include Cheras, Kota Kinabalu, Kuching, and Johor. - Sell->Hold). The management has taken bold steps to improve profitability by getting rid of the loss making German business, undertaking cost rationalization measures and improving business mix with focus on high yield products. With a history of capital efficient operations, net debt free B/S (September 2020) and presence across new model launches like Mahindra Thar & Bajaj Chetak, we believe the risk-reward is favourable at MCL. A total of 63.54 lakh domestic passengers … Net profit de-grew... we expect the profitability of the company to improve over FY21 to FY23 (around FY19 levels) on back of operating leverage. 769 Cr QoQ. Valuation and Recommendation: MCL has a diversified product base and strong clientele. Stock: MINDA (5166), Company: MINDA GLOBAL BERHAD, Description: Asiamet Education Group Bhd and its subsidiaries are engaged in the provision of education and training services. Minda Corp share price Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. Minda Corporation Limited (NSE:MINDACORP) shareholders might be concerned after seeing the share price drop 14% in the last quarter. Oct 14,2020 05:17 PM. The first children moved in … Management has highlighted that EBITDA margins without this impact would have been 100 bps lower at 8.5% vs 9.4% in Q1FY19 and 10.6% in Q4FY19. Their products cater to 2/3 wheelers, passenger vehicles, commercial vehicles and after market. Company profile page for Minda Corp Ltd including stock price, company news, press releases, executives, board members, and contact information Minda Corporation Limited Share Price Today, Live NSE Stock Price: Get the latest Minda Corporation Limited news, company updates, quotes, offers, annual financial reports, graph, volumes, 52 week high low, buy sell tips, balance sheet, historical charts, market performance, capitalisation, dividends, volume, profit and loss account, research, results and more details at … This was majorly due to a substantial fall in tool sales of Minda KTSN, on subdued European demand. 15x P/E on FY22E-23E average EPS of | 7.0. PAT came in at Rs-301.8 cr on a one time charge of Rs 293 cr due to closing of Minda KTSN business, COVID 19 IMPACT: BSVI BENEFITS OFFSET BY DEMAND WOES, Minda Corporation is one of the largest suppliers of Electronic & Mechanical Security System, Wiring Harness solution and interiors and plastics components to 2/3W, PV and CV OEMs in India. - Buy->Hold). Minda Corporation Ltd. share price forecast The 14 reports from 5 analysts offering … In wiring harness segment, MCL is one of the leading wiring harness players with ~30%+ market share domestically. Although reported EBITDA Margins were stable YoY at 9.5%, it was mainly due to the impact of IND-AS 116 which resulted in lower other expenses and higher depreciation and interest costs. Minda Corporation Ltd was incorporated in the year March 11th 1985 with the name Minda Switch Auto Private Limited for manufacture of Ignition Switches for Indian Automotive Industry and is the flagship company of Spark Minda Ashok Minda Group which was part of erstwhile Minda Group. Minda Corporation Live NSE/BSE Share Price: Get Minda Corporation Stock Price details, News, Financial Results, Stock Charts, Returns, Research Reports and more Minda Corporation Ltd, consolidated revenue from operations in Q1FY21 declined by 69.53% YoY and (down 66.82% QoQ) to INR 1779.60 Mn, impacted by lockdown. Over the last 30 days, the MINDA CORPORATION share price is down 3.3%. Minda-KTSN EBITDA margins have declined from 6.5% to 0% YoY.... Minda Corporation Ltd. (MCL) posted revenues of Rs 702 Cr. The consensus estimate Minda Corp is now in break out of the Head and Shoulder pattern. We maintain Accumulate' on the stock with a target of Rs. The home was registered as the Home for Weak Minded Children, but was called Minda, from a Kaurna word meaning 'place of shelter and protection'. The current market price of Minda Industries Ltd. is Rs 412.15. Currently trading at sub 10x FY23, we value the company at 13x FY23E to arrive at a target price of Rs 88 (Rs 90 earlier) and retain BUY. How good are your current hold decisions? Click here to see performance of Sensex Companies, Click here to see performance of Nifty Companies. The management has taken steps to improve profitability by undertaking cost rationalization measures and improving business mix with focus on high yield products. Minda Corporation Target Share Price - Get the latest Minda Corporation share price forecast, Target share price, Stock Quotes, Minda Corporation Stock … Date Sources:Live BSE and NSE Quotes Service: TickerPlant | Corporate Data, F&O Data & Historical price volume data: Dion Global Solutions Ltd.BSE Quotes and Sensex are real-time and licensed from the Bombay Stock Exchange. MCL has a diversified product base and strong clientele. (up 7% Y-o-Y, flat Q-o-Q) in 4QFY19 due to growth in volumes across major businesses particularly Mechatronics and Information & Connected systems, profit after tax was flat at Rs 39.1 cr. Analysts covering Minda currently have a consensus Earnings Per Share (EPS) forecast of 3.1 for the next financial year.

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