(as of last trading session). 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. Intrinsic Value. Get latest Minda Corp News/Updates and Results/Analysis. Company witnessed revenue contraction for the first time in last 3 years. Webinar Presented by Knowlarity & Freshworks. Home. Tomorrow is different. 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. Minda Corporation (MCL) is the flagship company of the Spark Minda group and is a leading auto ancillary player supplying key auto components to … On dividing this value with the total number of shares outstanding for the company, we can arrive at book value per share. Look for opportunities to BUY or go LONG in Minda Corporation MINDACORP at this time. Technical analysis forecast of Minda Corporation Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Minda Corp also received new business orders from Hero Moto for key sets worth Rs 28 crore per annum with the lifetime order valued at Rs 140 crore. The company’s top management includes Mr.Ashok Kumar Jha, Mr.Ashok Minda, Mr.Avinash Parkash Gandhi, Mr.Laxman Ramnarayan, Mr.Rakesh Chopra, Mr.Sudhir Kashyap, Mrs.Pratima Ram. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited. Buffeted by the lockdown disruptions, Minda Corp’s top line saw a sharp decline in Q1 FY21 and its operating profit turned negative.... Dolat Capital is bullish on Minda Corporation has recommended buy rating on the stock with a target price of Rs 105 in its research report dated Augus... 9.10 am | 16 Aug 2020 |  Source: Moneycontrol.com. Minda Industries - Statement Of Investor Complaints For The Quarter Ended December 2020 15th-Jan-2021 12:33 Source: BSE Minda Industries - Compliances-Certificate under Reg. Latest Minda Corporation Ltd News and Updates, Special Reports, Videos & Photos of Minda Corporation Ltd on The Hindu BusinessLine. As on 31-12-2020, the company has a total of 239,079,428 shares outstanding. Minda Corporation Ltd. key Products/Revenue Segments include Other Auto Components which contributed Rs 2090.10 Crore to Sales Value (98.10 % of Total Sales), Other Operating Revenue which contributed Rs 24.60 Crore to Sales Value (1.15 % of Total Sales), Duty Drawback which contributed Rs 5.80 Crore to Sales Value (0.27 % of Total Sales), Scrap which contributed Rs 4.70 Crore to Sales Value (0.22 % of Total Sales), Royalty Income which contributed Rs 3.90 Crore to Sales Value (0.18 % of Total Sales) and Job Work which contributed Rs 1.40 Crore to Sales Value (0.06 % of Total Sales)for the year ending 31-Mar-2020.For the quarter ended 30-09-2020, the company has reported a Consolidated sales of Rs 656.10 Crore, up 268.68 % from last quarter Sales of Rs 177.96 Crore and down -10.79 % from last year same quarter Sales of Rs 735.45 Crore Company has reported net profit after tax of Rs 27.47 Crore in latest quarter.The company’s top management includes Mr.Ashok Kumar Jha, Mr.Ashok Minda, Mr.Avinash Parkash Gandhi, Mr.Laxman Ramnarayan, Mr.Rakesh Chopra, Mr.Sudhir Kashyap, Mrs.Pratima Ram. PEL 5.75%. For over six decades, Spark Minda (erstwhile MINDA Group) has a major presence in Global Automotive Industry and is one of the leading manufacturers of automotive components for the OEMs. A sharp recovery in the demand for passenger vehicles (PVs) and two-wheelers coupled with an increase in content per vehicle due to the BS VI emission... 9.11 am | 06 Nov 2020 |  Source: Moneycontrol.com, 9.00 am | 06 Nov 2020 |  Source: Moneycontrol.com, 9.18 am | 20 Aug 2020 |  Source: Moneycontrol.com. ETAuto Minda Corporation … 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 … Low of the company has B s R & Co. Ltd. all rights reserved is for investors in 5! Copyright © 2021 Bennett, Coleman & Co. LLP as its auditors suppliers! 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