Minda Corporation

Minda Corporation's FY30 revenue target of ₹17,500 cr implies a 28 per cent compound annual growth rate (CAGR) over FY25-30E, while Ebitda is projected at ₹2,100 cr, reflecting a 30 per cent CAGR.

Auto ancillary stocks rallied up to 20 per cent on May 19, 2025, with Banco Products, PPAP Automotive, and ZF Steering leading gains amid strong earnings and positive market sentiment.

Minda Corp share: Minda Corp share price has surged 9.1 per cent in two days as against a 1.1 per cent rise in the benchmark BSE Sensex index.

Minda Corporation share price gained 5.53 per cent at Rs 571.80 a piece on the BSE in Wednesday's intraday trade

Auto parts maker Minda Corporation on Tuesday reported a 25.42 per cent on-year jump in consolidated Profit After Tax at Rs 74 crore in the second quarter ended September 30, 2024 driven by an expanding customer base and product premiumisation. The company had posted a Profit After Tax (PAT) of Rs 59 crore in the July-September period of FY24, Minda Corporation said in a statement. Consolidated revenue for the quarter under review stood at Rs 1,290 crore, from Rs 1,196 crore in the September quarter of the previous fiscal year, a growth of 7.9 per cent year-on-year, the company said. The company said it achieved its highest-ever quarterly EBITDA (earnings before income, taxes, depreciation and amortisation) at Rs 147 crore with an 11.4 per cent margin, reflecting a 38 basis points year-on-year increase. "We sustained strong growth momentum in Q2 FY2025, highlighting the resilience of our business model and the impact of our strategic initiatives. This growth has enabled us to expan

Auto components player Minda Corporation's share price surged 2.52 per cent at Rs 543.90 a piece on the BSE

Auto components maker Minda Corporation Ltd on Wednesday said it has signed a technology licensing agreement with China's Sanco Connecting Technology to offer electrical distribution systems solutions for the electric vehicles market. Sanco Connecting Technology is a leader in EV connection systems. Under the agreement, Minda Corp & Sanco will locally develop EV connecting systems, charging gun assemblies with sockets and accessories, bus bars, cell contact systems, power distribution units (PDU) and battery distribution units (BDU), the company said in a statement. "This agreement will enhance the product portfolio offering of Minda Corporation in the growing EV industry in the areas of Electrical Distribution Systems (EDS)," it added. Commenting on the partnership, Minda Corporation Executive Director Aakash Minda said, "By offering new-age EV solutions, we will enhance the overall kit value across vehicle segments, with a commitment to achieve successful localisation, ...

Minda Corporation shares rose 2.6 per cent and touched an intraday high of Rs 589 on BSE in Wednesday's trade. The stock gained after the company signed a Technology Licensing Agreement with China-bas

Trading strategies for overbought stocks: Minda Corp, Allcargo Logistics, Vijaya Diagnostic, CDSL and ICICI Lombard General Insurance are trading in overbought territory with a RSI reading of above 70

The Competition Commission of India (CCI) on Tuesday said it has approved Minda Corporation's proposed 8.79 per cent stake purchase in Pricol. Minda Corporation is in the business of manufacturing of auto components and caters to Original Equipment Manufacturers (OEMs) and Tier-1 in various segments in India. The proposed combination relates to an acquisition of up to 8.79 per cent (approx.) of the equity share capital of Pricol by Minda, according to a release. Pricol manufactures automobile components for OEMs, Tier-1 and replacement markets across India and globally. Deals beyond a certain threshold require approval from the regulator CCI.

Till 01:50 pm; as many as 10.96 million equity shares representing 4.58 per cent of total equity of Minda Corp have changed hands on the BSE, the exchange data shows.

Minda Corporation on Wednesday offloaded a 15.07 per cent stake in automotive components maker Pricol Ltd for around Rs 631 crore through an open market transaction. ICICI Prudential Mutual Fund (MF), Fidelity India Fund, Tata MF, Aditya Birla Sun Life Insurance Company, Goldman Sachs India, City of New York Group Trust, and Carnelian Asset Management & Advisors, among others, were the buyers of Pricol's shares on the National Stock Exchange (NSE). Minda Corporation Ltd sold more than 1.83 crore shares, amounting to a 15.07 per cent stake in Pricol, as per the block deal data available with the NSE. The shares were disposed of at an average price of Rs 343.50 apiece, taking the transaction size to Rs 631.23 crore. After the latest transaction, Minda Corporation's shareholding has declined to 0.63 per cent from a 15.70 per cent stake (at the end of December quarter) in the company. The scrip of Pricol Ltd rose 3.35 per cent to close at Rs 380.50 apiece on the NSE.

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Fund realises net consideration of Rs 329 cr at a trailing EV/EBITDA

During the previous financial year, electric vehicles accounted for nearly 20 per cent of Minda Corporation's total orders.

The product will be manufactured at Spark Minda's state-of-the-art facility, Spark Minda Green Mobility Systems Private Limited, in Pune

Thus far in the calendar year 2023, the stock price of Minda Corp has zoomed nearly 50 per cent, as compared to 7.6 per cent rise in the S&P BSE Sensex.

Auto components maker Minda Corporation Ltd on Tuesday said it has bagged a Rs 750-crore contract from a leading automobile manufacturer to produce battery chargers for electric vehicles. The product will be manufactured at wholly-owned subsidiary Spark Minda Green Mobility Systems' facility at Pune, Minda Corporation said in a regulatory filing. The company, however, did not disclose the name of the automobile manufacturer it has bagged the order from. "The lifetime value of the order is Rs 750 crore," it added. Minda Corporation Executive Director Aakash Minda said the order is "a testament to Spark Minda's robust EV product portfolio and our focus on customer centricity". He further said, "This milestone underlines our commitment towards promoting sustainable mobility and our ability to adapt to the evolving demands of the global automotive industry." The company said during the last financial year, electric vehicles accounted for nearly 20 per cent of the total orders won and

The board will meet today to discuss and consider, among other things, raising of funds through issue of equity shares by way of preferential issue, qualified institutions placement or rights issue.

The question is how far Minda will drive itself in its bid to acquire market share