Buy Minda Industries, target price Rs 1135: Emkay Global

Emkay Global has buy call on Minda Industries with a target price of Rs 1135. The current market price of Minda Industries Ltd. is Rs 924. Time period given by analyst is one year when Minda Industries Ltd. price can reach defined target.

Minda Industries Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 26399.90 Crore) operating in Auto Ancillaries sector.

Minda Industries Ltd. key Products/Revenue Segments include Electronic Components, Sale of services, Other Operating Revenue for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 2193.91 Crore, up 2.76 % from last quarter Total Income of Rs 2135.05 Crore and up 21.09 % from last year same quarter Total Income of Rs 1811.73 Crore. Company reported net profit after tax of Rs 98.68 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 67.47 per cent stake in the company as of 31-Mar-2022, while FIIs owned 9.77 per cent, DIIs 13.22 per cent.