On the NSE, MINDA CORPORATION last traded price was up 4.2% to Rs 89.3. It also contains the Live Stock Price and Volume, 52 Week High Low, Bid and Offer Price and Volume, Intraday and Historical Price Chart. 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. This was majorly due to a substantial fall in tool sales of Minda KTSN, on subdued European demand. Minda Corporation Analyst, Brokerage Reports, Latest Research Report on Minda Corporation. Minda Corporation is one of the leading suppliers of locksets, wiring harness and instrument clusters in the Indian automotive market. Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. 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. All times stamps are reflecting IST (Indian Standard Time).By using this site, you agree to the Terms of Service and Privacy Policy. At that level they are trading at 1.91% discount to the analyst consensus target price of 0.00. Oct 14,2020 05:17 PM. : EMKAY, FEDERALBNK, News by Trendlyne Minda Corporation Target Share Price - Get the latest Minda Corporation share price forecast, Target share price, Stock Quotes, Minda Corporation Stock … (?9% YoY, ?8% QoQ) in Q1FY20 mainly due to dismal performance of Plastics & Interior business (?38% YoY). (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 current market price of Minda Industries Ltd. is Rs 412.15. 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. The 14 reports from 5 analysts offering long term price targets The stock’s last traded price is Rs 369.15. Is it time to sell Tata Motors stock now? One of the leading automotive component manufacturing companies, it has pan-India and international presence. The company operates through three business verticals Safety, Security & Restraint, Driver Information & Telematics and Interior Plastics for auto OEMs. Minda Corporation Limited (NSE:MINDACORP) shareholders might be concerned after seeing the share price drop 14% in the last quarter. 769 Cr QoQ. 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 Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. Domestic air passenger traffic grows 22% in Nov. The current share price is 90.70. Minda Corp is now in break out of the Head and Shoulder pattern. 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. represents an upside of 4.61% Their products cater to 2/3 wheelers, passenger vehicles, commercial vehicles and after market. (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. Have you read these stories? from the last price of 88.90. Company profile page for Minda Corp Ltd including stock price, company news, press releases, executives, board members, and contact information - Broker has maintained previous recommendation but increased target price. Know all about Minda Corporation Ltd. share price and read why Minda Corporation Ltd. share price is DOWN by 0.50% today. 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. At CMP, MCL is trading at a PE of 13.0x FY22E EPS. The share price moved up by 4.14 per cent from its previous close of Rs 66.40. 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. Edelweiss has given a buy rating to Minda Corporation with a target price of Rs 88. It is poised to benefit from BSVI transition significantly. How good are your current hold decisions? Price target in 14 days: 410.745 INR. 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. EBITDA margin stood at 10% (-187bps YoY) led by weak margin in both Mechatronics and Wiring harness segment. 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. Minda Corporation Live BSE, NSE Charts, historical charts, F&O Quote, Stock quote of Minda … Everything else about Q4 results was disappointing. At CMP, MCL is trading at a PE of 12.3x FY22E EPS. Transition towards premium products like smart key is the fundamental driver for this division. - Buy->Hold). 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 Ind.s (MIL) consolidated revenues stood at Rs 1,327 cr (?10% YoY & ?2% QoQ) in Q3FY20 largely in line with industry slowdown. EBIDTA margin came in at a paltry 5.5% (down 510 bps YoY and 580 bps QoQ). NSE Quotes and Nifty are also real time and licenced from National Stock Exchange. Hence, our Minda Corporation Share Price Target is set at 225. Minda-KTSN EBITDA margins have declined from 6.5% to 0% YoY.... Minda Corporation Ltd. (MCL) posted revenues of Rs 702 Cr. Revenue grew 17% YoY while EBITDA remain flat dragged by contraction in gross margin. The company operates through four business segments which include Cheras, Kota Kinabalu, Kuching, and Johor. MCL has a diversified product base and strong clientele. 771 Cr vs Rs. We maintain Accumulate' on the stock with a target of Rs. 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. 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. A total of 63.54 lakh domestic passengers … Its institutions consist of Asia metropolitan university located in Cheras, … Shares in Minda are currently priced at ₹92.8. 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 … We maintain Buy' on the stock with a target of Rs. EBITDA stood at Rs. 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. The management has taken steps to improve profitability by undertaking cost rationalization measures and improving business mix with focus on high yield products. Hence, we assign a BUY rating. 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 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. 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. The share price moved up by 1.14 per cent from its previous close of Rs 365. 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