Latest news with #MindaCorp
Time of India
25-06-2025
- Business
- Time of India
Top stocks to buy today: Stock recommendations for June 25, 2025
Top stocks to buy today (AI image) Stock market recommendations: According to Mehul Kothari, DVP - Technical Research, Anand Rathi Shares and Stock Brokers, Ramco Systems, Minda Corp, and JSW Infrastructure are the top stocks to buy today: RAMCO SYSTEMS – Reversal from Support Buy near ₹390 | Stop Loss: ₹345 | Target: ₹480 Ramco Systems is in a neutral trend but has now approached a key rising trendline support. The stock recently fell from the ₹480 zone and is currently forming a potential reversal pattern near support. With the risk-reward now favourable, this setup offers a tactical long opportunity. A revisit to the recent high around ₹480 cannot be ruled out. MINDA CORP – Retesting Breakout Zone Buy near ₹510 | Stop Loss: ₹490 | Target: ₹550 Minda Corp witnessed a major breakout near ₹510 last month, followed by a sharp rally towards ₹585. The stock is now retesting previous support and consolidating near the 200 DEMA. The structure remains bullish and intact, offering a good opportunity to re-enter. The bigger target of ₹600 remains active but for short term it has potential to reach ₹550. JSW INFRA – Breakout in the Making Buy near ₹309 | SL: ₹294 | Target: ₹340 JSW Infra is consolidating near both 200 DEMA and 200 SMA, forming a double bottom pattern around ₹294. The setup is on the verge of a breakout, with strong confirmation expected above ₹314. Once triggered, it could lead to swift upside momentum. The current consolidation offers an early entry for the breakout play. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
11-06-2025
- Automotive
- Time of India
Minda Corp, Toyodenso join hands to produce automotive switches
Minda Corp today announced that it has formed a joint venture with Japan's Toyodenso to produce automotive switches for the Indian market. In this new JV, Minda Corp will hold a 60% stake, with the remaining 40% owned by Toyodenso. The collaboration also involves setting up a new production facility in Noida, Uttar Pradesh and this greenfield plant is expected to begin operations in the latter half of the 2026–27 fiscal year. Minda Corp also says that the venture has already received confirmed orders from Indian clients. The initiative is geared toward meeting the rising demand for automotive switches in India's expanding vehicle manufacturing industry. The joint venture will concentrate on designing, developing, manufacturing, and marketing automotive switches for two-wheelers, passenger vehicles, and other segments within the Indian automotive market . Toyodenso will bring in its product development and technological know-how, while Minda will leverage its manufacturing scale and supply chain strengths. The partnership also supports the broader push for localised component manufacturing in the Indian auto sector. VinFast VF7, VF6 Review: Good for India or not?| TOI Auto Mr. Ashok Minda, Chairman & Group CEO, of Minda Corporation Limited, said, 'We are very excited and privileged to partner with Toyodenso, a Global Japanese company with a rich legacy of technological innovation. This partnership marks a pivotal milestone in our journey to drive smart mobility solutions while fostering indigenous manufacturing by integrating globally recognized technologies into India's automotive ecosystem.' Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like เทรด CFDs ด้วยเทคโนโลยีเทรดสุดล้ำ และ รวดเร็วกว่า IC Markets สมัคร Undo Mr. Kiyoshi Koide, President, of Toyodenso Co., Ltd., stated, 'Toyodenso aims to stabilise its business base and will work with SPARK MINDA to develop the Indian market to focus on the manufacturing and sales of automotive parts in India, which is a growing market.' Talking about the companies, the Minda Corporation, the flagship of Spark Minda Group since 1985, manufactures vehicle access systems, electrical distribution systems, die-cast products, and automotive electronics. Its operations serve original equipment manufacturers across two-wheelers, passenger, and commercial vehicles, with facilities in India and abroad. Toyodenso, founded in 1947 and based in Tokyo, produces electrical components for automotive, motorcycle, and power products. With over 9,000 employees and operations in the U.S., China, Thailand, Indonesia, Vietnam, and Germany, the company records annual sales above 100 billion yen and supplies manufacturers such as Honda, Toyota, Yamaha, Kawasaki, and Suzuki. Discover everything about the automotive world at Times of India .
Mint
29-05-2025
- Business
- Mint
Minda Corp declares record date for 45% final dividend in FY25. Details here
Dividend Stock: Minda Corp declared record date on Thursday payment of Final Dividend for FY25. Company has announced 45% final dividend in FY25. Details here Minda Corporation Limited announced the Record Date for Payment of Final Dividend for the Year 2024-25. In its intimation to the National Exchange of India and the BSE or the Bombay Stock Exchange or BSE, Minda Corp intimated that its Board of Directors have fixed Thursday, August 14, 2025, as the "Record Date for Dividend Payout for identifying the list of shareholders that will be eligible to receive the final dividend. Record date implies that the shareholders who wish to reap the benefits of Dividend announcements by the company and want to receive dividend need to buy the Minda Corp shares one day prior to the record date in order to see their names appear in the list of eligible share holders to receive dividends as per T+1 Settlement procedure. Minda Corporation in its release said that the Board of Directors of the company has fixed Thursday, August 14, 2025, as the "Record Date" for the purpose of ascertaining the eligibility of shareholders for the payment of final dividend for the year 2024-25 Mindia Corporation in its intimation on the exchanges on Thursday 29 May 2025 said that it would like to notify the exchanges that the Final Divided was discussed and approved by the company's board of directors during their meeting held on Tuesday, May 27, 2025: The Minda Corp Board of Directors approved and recommended Final dividend for 239,079,428 equity shares of Rs. 2/- (Rupees Two) each, at 45% (considering the face value of shares), or Rs. 0.90/-per equity share. Minda Corp share price that had dipped to closing lows of ₹ 468.55 on the BSE on 9 May 2025 with volatility in the Indian Stock Market, however have been rebounding well. The Minda Corp share price is trading close to ₹ 528 levels now. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions
Yahoo
28-05-2025
- Automotive
- Yahoo
Minda Corp Ltd (BOM:538962) Q4 2025 Earnings Call Highlights: Record Revenue and Strategic ...
Quarterly Revenue: INR 1,321 crores, a growth of 9% year on year. Quarterly EBITDA: INR 153 crores, with a margin of 11.6%. Quarterly Profit Before Tax (PBT): INR 65 crores, with a margin of 4.9%. Quarterly Profit After Tax (PAT): INR 52 crores, with a margin of 3.9%. Annual Revenue: INR 5,056 crores, a growth of 9% year on year. Annual EBITDA: INR 575 crores, a growth of 12% year on year, with a margin expansion of 31 basis points. Annual PAT: INR 255 crores, a growth of 12.5% year on year. Lifetime Orders: Exceeded INR 8,000 crores, with 25% from electric vehicle platforms. R&D Investment: Over 4% of revenues. Dividend: Final dividend of 45% on face value, totaling 75% overall. Flash Electronics Revenue: INR 1,537 crores, a growth of 15% year on year. Flash Electronics EBITDA: INR 223 crores, with a margin of 14.5%. Net Debt: INR 1,250 crores. Return on Capital Employed (ROCE): 20%. Net Debt to EBITDA: 1.8 times. Warning! GuruFocus has detected 2 Warning Sign with BOM:538962. Release Date: May 27, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Minda Corp Ltd (BOM:538962) achieved its highest ever quarterly revenue of INR1,321 crores, marking a 9% year-on-year growth. The company reported its highest ever EBITDA of INR153 crore with a margin of 11.6% for the quarter. Minda Corp Ltd secured lifetime orders exceeding INR8,000 crores, with approximately 25% of new orders coming from electric vehicle platforms. The company filed 30 new patents during the year, enhancing its leadership in automotive innovation. Minda Corp Ltd's strategic partnership with Flash Electronics is expected to drive accelerated growth, with Flash Electronics achieving a 92% growth in EV product revenue. Profit after tax (PAT) for Q4 FY25 was impacted by higher finance costs due to strategic investments, resulting in a PAT margin of 3.9%. The commercial vehicle segment experienced a 3.3% decline in production volumes due to infrastructure project delays and monsoon disruptions. The company's net debt increased to INR1,250 crores, with a net debt to EBITDA ratio of 1.8 times. The sunroof plant's revenue generation has been delayed to FY27, impacting short-term revenue expectations. Higher depreciation costs from ongoing capacity expansion and technological upgrades affected profitability. Q: Appreciate the promoter family commitment for equity investment at INR550 per share. Any timeline for this investment that you can share? A: Aakash Minda, Executive Director, stated that the postal ballot voting completed by the end of April, and they expect stock exchange approval within the week. The initial 25% of the funds should be received within two weeks, with the remaining 75% to be paid by the promoters within 18 months. Q: On the sunroof plant, is it on track to start operations in Q1 FY26? How much revenue can we expect in FY26, and what can be the peak revenue? A: Aakash Minda clarified that revenues from the sunroof plant will not start in FY26 but in FY27. The plant is progressing and is part of a 50-50 joint venture. Q: For the full year FY25, how much would be your sensors revenue and specifically EV parts like chargers and converters? How do you see the outlook ahead given the strong order book skewed towards EV business? A: Aakash Minda mentioned that the sensors portfolio revenue was about INR250 to 300 crore. This is expected to grow as they localize more sensors in India. EV platforms accounted for about 8% of total sales in Q4 and 7% for the full year. Flash Electronics has 23% of its revenue from EV products, showing a 92% year-on-year growth. Q: On Flash, there is potential for cross-selling and synergies. How much cross-selling can we expect in FY26 and FY27? A: Aakash Minda stated that synergies in sourcing have already started, and benefits will be seen from Q1. Cross-selling products like die casting and wiring harnesses are underway, with customer approvals expected by the end of the year. By FY27, they anticipate a significant contribution from these efforts. Q: What is the progress on the TFT cluster business? Any new orders in this segment, and what is the growth outlook for the next couple of years? A: Aakash Minda explained that due to premiumization, TFT cluster penetration is increasing. They have won orders from various segments, including domestic and exports. The digital clusters currently contribute 25% to 30% of Minda Instruments Limited's revenue, expected to grow to 40% in the next 18 to 24 months. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Time of India
28-05-2025
- Business
- Time of India
Top stocks to buy today: Stock recommendations for May 28, 2025
Top stocks to buy today (AI image) Stock market recommendations: According to Mehul Kothari, DVP - Technical Research, Anand Rathi Shares and Stock Brokers, ITI, Minda Corp, and BLS International are the top stocks to buy today: ITI LTD: BUY NEAR ₹304 | Stop Loss: ₹265 | Target: ₹370 (Positional) ITI Ltd has witnessed a strong breakout after months of consolidation, forming a classic inverse head and shoulders pattern. The breakout has occurred just above the 200 DEMA with humongous volume support, indicating strong institutional participation. Having corrected from ₹600 levels earlier, the stock now shows clear signs of a trend reversal. Traders may consider buying near ₹304 with a stop-loss at ₹265 and a positional target of ₹370. MINDA CORP: BUY NEAR ₹530 | Stop Loss: ₹495 | Target: ₹600 (Short Term) Minda Corp has confirmed an inverse head and shoulders breakout, supported by a strong base near ₹460–470. A trendline breakout has also occurred, further strengthening the bullish setup. Daily RSI has given a fresh breakout above 60, reflecting a momentum shift. Buying is advised near ₹530 with a stop-loss at ₹495 and a target of ₹600 in the short term. BLS INTERNATIONAL: BUY NEAR ₹410 | Stop Loss: ₹390 | Target: ₹450 (Short Term) BLS International has confirmed an inverse head and shoulders pattern breakout. The stock is now trading above key moving averages, and momentum oscillators are positively aligned. The structure indicates short-term upside potential with improving sentiment. Traders can consider entries near ₹410, keeping a stop-loss at ₹390 and targeting ₹450 in the short term. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
