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MINDAIND Consensus Forecast

No. of reports in last year
No. of analysts
Average Consensus Forecast
Consensus Potential

MINDAIND Price Target Potential

Axis Direct31810.49%
Geojit Financial Services38826.64%

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Long term MINDAIND rating by FrontPage users
4.7/5 (3 Ratings)

5 MINDAIND share price target reports by brokerages below. See what is analyst's view on MINDAIND share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.
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MINDAIND Share Price Target

MINDAIND Share Price Target - Broker Reports - 2020

Price @ Call: 266.34
Target: 318
We have revised our FY21 estimates (as presented below) downwards and expect a sharp recoveryfromQ3FY21as demand for 2W and PV sales come back. We maintain BUY rating on the stock as its FY21 revenues are expected to grow on acquisition of Harita Seating and its premium valuation will continue due to best in class offering. We value MindaInd at 27X FY22E EPS of Rs11.8and arrive at a target price of Rs318, a 14% upside from CMP.
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Price @ Call: 264.14
Target: 300
MIL is uniquely positioned in the domestic auto ancillary space as a provider of a wide variety of product solutions straddling established and growing opportunities. The company is also one of the few credible players in the high growth potential segments of airbags and alloy wheels. MIL possesses a steady state organic business riding on value migration i.e. higher kit value. We like MIL courtesy its progressive product profile, healthy capital efficiency and consistent positive CFO generation. Accordingly, we assign a BUY rating to the stock with a target price of Rs 300.
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MINDAIND Share Price Target - Broker Reports - 2019

Price @ Call: 360
Target: 388
Price @ Call: 342.51
Target: 388
Minda Inds Ltd (Minda) reported a disappointing quarterly performance in Q2FY20, as net sales dropped by 11% yoy to INR 1360 cr. Sharp drop of 16% yoy in overall automobile productionimpacted company’s overall performance. Performance across all the business were impacted,however the new product lines such as sensors, controllers and telematics which gets included in the other segment grew by 25% yoy. EBITDA came in at INR 162 cr, which was lower by 15% yoy, EBITDA margins dropped by 55 bps yoy. However despite significant negative operating leveragecompany’s ability to maintain healthy margins on the back aggressive cost control and change in product mix was comforting. We believe with concerns of high inventory levels now behind in PV and 2W segments, industry may see sequential improvement. Further with new businesses like HSS, Sensors, Controllers, Delvis and 2W alloy business to start kicking in from FY21, we expect notable upside to the MIL topline and profitability from these levels next year onwards. Hence we maintain BUY rating on the company with the Target Price of INR 388.
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Price @ Call: 320.43
Target: 410
For this MIL has established a technical centre, CREAT, which works towards providing technological assistance to Minda group and create new products suitable for Indian market in areas ranging from embedded systems, telematics, software and design. It sees a 2X rise in electronics component in a car in the next 5 years and is preparing itself accordingly. We see good growth in lighting, LMT and Switches division in next two years and maintain a BUY with price target of Rs 410 giving an upside of 27% from CMP.
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Price @ Call: 346.28
Target: 410
The company has planned varied products along with the current diversified product portfolio (more than 20 different products) and is well placed to benefit from upcoming regulatory environment spread across diversified client base along with industry wide growth opportunities in terms of increasing electronics content and premiumization in vehicles. The company aspires to be a leading player both by volume and sales without impacting the margins. We have slightly toned down our estimates to factor in the recent slowdown expected in automobile sales and introduced FY21 estimates. We maintain a BUY with price target of Rs 410 giving an upside of 12% from CMP.
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Price @ Call: 268.9
Target: 309
There has been a constant shift in the revenue pie of Minda Industries on account of diversification in product portfolio. Key collaboration with Tokai Rika for switches, Clarton Horns (Spain) for acoustics and Rinder Ltd for lamps have helped expand their key business segments. Going forward, acquisition for controllers and infotainment solutions is likely to pave the next growth phase for the company as Internet of Things (IoT) gain prominence in the automotive sector. Furthermore, implementation of safety regulations is expected to increase demand for airbags, sensors and controllers. CAGR of revenue during FY16-18 was 33% and we expect revenue CAGR to be 17% during FY18-21E. EBITDA margin is likely to sustain at 12% levels supported by better product mix.The company growth rate is higher than the ancillary industry growth rate of ~15%. Therefore, we value Minda Industries at a P/E of 20.0x for FY21E EPS of Rs. 15.4 for a target price of Rs. 309 (+1SD of 5 year average fwd P/E is 21x). The upside is 15% and we upgrade our rating to “BUY”.
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MINDAIND Share Price Target - Broker Reports - 2018

Price @ Call: 322.98
Target: 363
Price @ Call: 311.61
Target: 393
Price @ Call: 414.74
Target: 451
Price @ Call: 379
Target: 441.33
Price @ Call: 360.58
Target: 391.67
Price @ Call: 370.71
Target: 403

MINDAIND Share Price Target - Broker Reports - 2017

Price @ Call: 346.64
Target: 392.33
Price @ Call: 343.82
Target: 365.67
Price @ Call: 189.33
Target: 226
Price @ Call: 379
Target: 460
Price @ Call: 381
Target: 461
Price @ Call: 373
Target: 414

MINDAIND Share Price Target - Broker Reports - 2016

Price @ Call: 265
Target: 369
Price @ Call: 340
Target: 437
Price @ Call: 231.8
Target: 340.8
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  • MINDAIND Share Price Target Today- Technical Pivot Points (Classic)

    Upside Target 3295.55
    Upside Target 2292.35
    Upside Target 1288
    Downside Target 1280.45
    Downside Target 2277.25
    Downside Target 3272.9
  • MINDAIND Share Price Target weekly- Technical Pivot Points (Classic)

    Upside Target 3328.15
    Upside Target 2315.05
    Upside Target 1301.2
    Downside Target 1274.25
    Downside Target 2261.15
    Downside Target 3247.3
  • MINDAIND Share Price Target monthly- Technical Pivot Points (Classic)

    Upside Target 3365.43
    Upside Target 2342.12
    Upside Target 1314.73
    Downside Target 1264.03
    Downside Target 2240.72
    Downside Target 3213.33
  • MINDAIND Share Price Target today- Technical Pivot Points (Fibonacci)

    Upside Target 3292.35
    Upside Target 2289.47
    Upside Target 1287.68
    Downside Target 1281.92
    Downside Target 2280.13
    Downside Target 3277.25
  • MINDAIND Share Price Target weekly- Technical Pivot Points (Fibonacci)

    Upside Target 3315.05
    Upside Target 2304.76
    Upside Target 1298.39
    Downside Target 1277.81
    Downside Target 2271.44
    Downside Target 3261.15
  • MINDAIND Share Price Target monthly- Technical Pivot Points (Fibonacci)

    Upside Target 3342.12
    Upside Target 2322.75
    Upside Target 1310.78
    Downside Target 1272.05
    Downside Target 2260.08
    Downside Target 3240.72
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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