- Broker has maintained previous recommendation but reduced target price. represents an upside of 4.61% Domestic air passenger traffic grows 22% in Nov. 721 Cr YoY and Rs. Valuation and Recommendation: MCL has a diversified product base and strong clientele. The first children moved in … We value it at | 105 i.e. 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. Minda Corp is now in break out of the Head and Shoulder pattern. It is poised to benefit from BSVI transition significantly. 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. The company operates through three business verticals Safety, Security & Restraint, Driver Information & Telematics and Interior Plastics for auto OEMs. Price target in 14 days: 95.332 INR. You can switch off notifications anytime using browser settings. Get Live BSE/ NSE stock price of Minda … Minda Corporation Live BSE, NSE Charts, historical charts, F&O Quote, Stock quote of Minda … 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. 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. 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. from the last price of 88.90. And over the last one year, MINDA CORPORATION share price is down 15.6%. - Buy->Hold). 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). Get Minda Corporation Ltd. live share price, historical charts, volume, market capitalisation, market performance, reports and other company details. Minda Ind.s (MIL) consolidated revenues stood at Rs 1,327 cr (?10% YoY & ?2% QoQ) in Q3FY20 largely in line with industry slowdown. 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. - This broker has upgraded this stock from it's previous report.(eg. 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. Minda Corporation Target Share Price - Get the latest Minda Corporation share price forecast, Target share price, Stock Quotes, Minda Corporation Stock … At CMP, MCL is trading at a PE of 12.3x FY22E EPS. Minda Corporation Ltd. share price forecast The 14 reports from 5 analysts offering … MCL reported EBITDA loss of INR 203.20 Mn compare to positive EBITDA of INR 666.8 Mn. 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 consensus estimate represents an upside of 1.66% from the last price of 406.25. ICICI Securities Limited released a Buy report for Minda Corporation Ltd. with a price target of 105.0 on 24 Dec, 2020. Revenue grew 17% YoY while EBITDA remain flat dragged by contraction in gross margin. Minda Corporation Ltd. (MCL) posted revenues of Rs 771 Cr. EBIDTA margins were a beat and came in at 11.3% (v/s 7.1% in Q3FY19). ICICI Direct has given a buy rating to Minda Industries with a target price of Rs 410. Edelweiss has given a buy rating to Minda Corporation with a target price of Rs 88. Double in 3 months! for Minda Corporation Ltd. have an average target of 93.00. Minda Corporation approves grant of 3 lakh stock options to employees. The current share price is 90.70. Know all about Minda Corporation Ltd. share price and read why Minda Corporation Ltd. share price is DOWN by 0.50% today. 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. This target was achieved and in 1897 a home was purchased on Fullarton Road, Fullarton. Transition towards premium products like smart key is the fundamental driver for this division. 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 management has taken steps to improve profitability by undertaking cost rationalization measures and improving business mix with focus on high yield products. 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. How good are your current hold decisions? EBITDA margin stood at 10% (-187bps YoY) led by weak margin in both Mechatronics and Wiring harness segment. Minda Corp share price Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. NSE Quotes and Nifty are also real time and licenced from National Stock Exchange. This was majorly due to a substantial fall in tool sales of Minda KTSN, on subdued European demand. Minda-KTSN EBITDA margins have declined from 6.5% to 0% YoY.... Minda Corporation Ltd. (MCL) posted revenues of Rs 702 Cr. Gross profit margin for Q1FY21 came in at 37.77%. A total of 63.54 lakh domestic passengers … 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. 103 (at 18x FY22E). Minda Stock Price Forecast, 538962 stock price prediction. 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. (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? 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. The Company has 28 manufacturing facilities located across various parts of India … Price target in 14 days: 410.745 INR. 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 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. On the NSE, MINDA CORPORATION last traded price was up 4.2% to Rs 89.3. : 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. Under the programme, each stock option is convertible into 1 equity share … : EMKAY, FEDERALBNK, News by Trendlyne The current market price of Minda Industries Ltd. is Rs 412.15. Its institutions consist of Asia metropolitan university located in Cheras, … (?9% YoY, ?8% QoQ) in Q1FY20 mainly due to dismal performance of Plastics & Interior business (?38% YoY). 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. This post can indeed be a vital analysis and review for those who are willing to buy its shares. Is it time to sell Tata Motors stock now? 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. Minda Corporation is one of the leading suppliers of locksets, wiring harness and instrument clusters in the Indian automotive market. 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. MCL has a diversified product base and strong clientele. We maintain Buy' on the stock with a target of Rs. 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 Reliance Securities has buy call on Minda Industries with a target price of Rs 460. Trades at inexpensive valuations i.e.... Minda Corp posted weak margin performance in 2QFY21. 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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. 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. Total … Hence, our Minda Corporation Share Price Target is set at 225. Their products cater to 2/3 wheelers, passenger vehicles, commercial vehicles and after market. 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. 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%). Minda Corporation MINDACORP share price targets . - Sell->Hold). Have you read these stories? Incorporated in 1985, Minda Corporation Ltd. (MCL) is the flagship company of Spark Minda, Ashok Minda Group, the erstwhile Minda Group. For reprint rights: Times Syndication Service, Mirae Asset Emerging Bluechip Fund Direct-Growth, Stock Analysis, IPO, Mutual Funds, Bonds & More. Revenue from operations for the company grew by 7% YoY to Rs. Hence, we assign a BUY rating. - Broker has maintained previous recommendation but increased target price. 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. 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. Analysts covering Minda currently have a consensus Earnings Per Share (EPS) forecast of 3.1 for the next financial year. 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