Minda Corporation Share Price Target 2026: The share price of Minda Corporation Ltd, an auto component company, is in focus following the brokerage firm Nuvama Wealth issuing its analysis along with a price target and stock recommendation for the company.
Minda Corporation is a component of the Nifty 500 and has a market capitalisation of Rs 12,958.10 crore. Additionally, the stock settled nearly 4 per cent higher, up Rs 20.9 at Rs 542. (Minda Corporation Share Price)
The broker has reiterated a BUY call for the stock but has cut the price target by nearly 6 per cent from the previous target of Rs 710, citing lower margin assumptions.
Here’s what the brokerage has to say:
Nuvama Wealth reflects a positive outlook on the company, expecting revenue growth to outpace the industry with double-digit expansion over FY26–28, driven by strong execution of new orders across wiring harnesses, instrument clusters, and EV components.
From a medium-term perspective, the prospects remain robust due to joint ventures in switches, sunroofs, and EV-related technologies, although near-term margins may face pressure due to delays in passing on input cost increases.
Additionally, the company holds a strong order book, with lifetime orders exceeding INR 150 billion across FY25 and 9MFY26, including significant contracts in wiring harnesses, switches, clusters, and sunroofs.
Overall, the company’s growth is supported by premiumisation, import substitution, EV adoption, and strategic partnerships. New ventures, including a JV with Toyodenso and a sunroof plant with HCMF, are expected to contribute from FY27 onward.
However, the brokerage has reduced FY27–28 EPS estimates by 4–6 per cent due to lower margin assumptions but retains a BUY rating.
Minda Corporation’s stock performance
The stock’s performance reflects a compelling long-term multibagger trajectory despite short-term volatility. While it has delivered a modest 1-week gain of 8.27 per cent, the near-term trend remains weak, with a 1-month decline of 5.32 per cent and a YTD decline of 7.33 per cent.
The stock has generated 157.24 per cent returns over 3 years and an exceptional 469.33 per cent over 5 years, clearly placing it in the multibagger category.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
