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The company’s desire to innovate and roll out new products makes it different from other auto component manufacturers
The company’s strong order book and robust product portfolio add to our confidence. At the current valuation of 18.1 times FY24 projected earnings, the stock looks attractive
A recovery in demand, post COVID-19, for passenger vehicles and two-wheelers, increase in content per vehicle and growth from new focus areas make us upbeat about the company
Minda Corp's strong order book and robust product portfolio add to our confidence. At the current valuation of 15.3 times FY23 projected earnings, the stock looks attractive
What is encouraging about Minda Corp is it continues to get new orders and that translates into earnings visibility
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 norms make us upbeat about Minda Corp
Buffeted by the lockdown disruptions, Minda Corp’s top line saw a sharp decline in Q1 FY21 and its operating profit turned negative.
Minda Corporation is riding on growth drivers such as an increase in content per vehicle because of BS VI emission norms and premiumisation
The company has marquee clients, strong focus on R&D and a robust order book. The recent correction in the stock price has made valuations extremely attractive
The company has marquee clients, a strong focus on research and development, and a robust order book
With marquee clients in its kitty, no client concentration, focus on research to develop technologically advanced products and turnaround at Minda Furukawa, the company beckons investor attention.
Net Sales are expected to increase by 15 percent Y-o-Y (up 36 percent Q-o-Q) to Rs. 864.9 crore, according to KR Choksey.
Market leadership, a strong uptick in CVs, marquee clientele, operating leverage, and strong financial performance should support valuation for some of these companies, going forward
Net Sales are expected to increase by 2.9 percent Q-o-Q (up 12.6 percent Y-o-Y) to Rs 783.3 crore, according to KR Choksey. Minda Corp to report net profit at 23.4 crore down 6% year-on-year.
Net Sales are expected to decrease by 25.2 percent Q-o-Q (down 18.1 percent Y-o-Y) to Rs 569.8 crore, according to Edelweiss. Minda Corporation to report net profit at 16.4 crore down 33.2% year-on-year.
Net Sales are expected to increase by 10.2 percent Q-o-Q (up 24.3 percent Y-o-Y) to Rs 766 crore, according to Kotak Securities.