Minda Corp shares rally 10% on strong growth outlook; revenue to triple by 2030

The auto component maker expects its revenue to grow 3.5 times to ₹17,500 crore by FY30. The firm had reported revenue of ₹5,056 crore in FY25. Its EBITDA margin is also expected to increase to ₹2,100 crore by FY30 from 11.4% in FY25, marking a growth of around 12.5%.

Under its Vision 2030 roadmap, Minda Corporation aims to become nearly debt-free, with its net debt-to-equity ratio expected to halve to 0.3x, while Return on Capital Employed (ROCE) is projected to exceed 25%.

The company said it is continuously expanding manufacturing facilities and plans capital expenditure of approximately ₹2,000 crore over the next five years. It will be setting up two new greenfield facilities in die casting and one greenfield facility for instrument clusters.

Further, the contribution of the passenger vehicle (PV) segment is expected to increase to 25% by FY30, up from 14% in the previous fiscal year. This shift is aimed at reducing the company’s dependence on the two-wheeler and three-wheeler segments to 40% and on the commercial vehicle segment to 25%.

Minda Corporation is also focusing on significantly enhancing its kit value across vehicle segments. In the passenger vehicle category, the kit value for vehicle access systems is projected to nearly double by FY28, while the wiring harness kit value is expected to grow 2.5 times. Additionally, the digital cockpit systems segment is poised for over 2x growth in vehicle access-related kit value.

The company’s exports have grown at a CAGR of 18% between FY21 and FY25, and it now expects export revenues to reach ₹1,500 crore by FY30 — reflecting an accelerated CAGR of 37% over the next five years.

Following the updates, shares of Minda Corp rallied on Wednesday. At 10:55 AM, the stock was trading at ₹576.75 apiece on the National Stock Exchange, surging 7.90%.

Over a month’s time, shares of the firm have gained 12%, while for a six-month period, they have advanced over 6%. From the beginning of the year, the stock has risen more than 10%.

Minda Corp had reported a consolidated profit of ₹65.3 crore for the quarter ended June 30, up from ₹64.2 crore a year earlier, marking an upside of 1.7%.

Its revenue from operations has increased 16.2% to ₹1,386 crore, while earnings before interest, tax, depreciation, and amortisation (EBITDA) rose 18.6% to ₹156.4 crore. EBITDA margin expanded to 11.3% from 11% a year ago.