Minda Corporation Share Price Target 2027: Base and Bull Targets Built on FY26 Earnings

Investors weighing a Minda Corporation target price for 2027 should start with where the stock sits today. At Rs 636.30 on 9 October 2026, it is 17.3% below its 52-week high of Rs 769.00 and 35.8% above its 52-week low of Rs 468.50. That range spans 64% from low to high, so the entry point matters as much as the Minda Corporation price forecast itself.

This article builds the Minda Corporation share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario shows its assumptions, so you can see exactly how the Rs 763 base case and the Rs 913 bull case were reached, along with a downside risk level of Rs 508.

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Minda Corporation Stock Analysis: Company Overview and Key Stats

Minda Corporation (NSE: MINDACORP) has a market capitalisation of Rs 15,190 crore. In FY26 it reported revenue of Rs 6,200 crore and net profit of Rs 277.20 crore. The table collects the figures the Minda Corporation share price target is built on.

Metric	Value
Company	Minda Corporation
NSE Ticker	MINDACORP
CMP (9 October 2026)	Rs 636.30
52-Week High	Rs 769.00
52-Week Low	Rs 468.50
Market Cap	Rs 15,190 crore
PE Ratio (TTM)	30.43
Industry PE	37.01
Price to Book	5.75
Return on Equity	13.63%
Debt to Equity	0.56
EPS (TTM)	Rs 20.88
Dividend Yield	0.22%
12-Month Base Target	Rs 763
Bull Case	Rs 913
Downside Risk Level (not a target)	Rs 508

Why Is Minda Corporation Share Price Target Set at Rs 763 for 2027?

The base-case Minda Corporation stock target of Rs 763 applies a PE multiple of 30.43 to a forward EPS estimate of Rs 25.06. That EPS assumes 20.0% yearly growth, the pace from FY24 to FY26, and puts the target 19.9% above the current price. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.

Earnings Growth Behind the Minda Corporation Target Price: Five Years of Results

Minda Corporation grew revenue from Rs 3,000 crore in FY22 to Rs 6,200 crore in FY26, a compound annual growth rate of 19.9%. Net profit grew more slowly, from Rs 184.50 crore to Rs 277.20 crore (10.7% a year), which points to margin pressure alongside the sales growth.

Financial Year	Revenue (Rs Cr)	Net Profit (Rs Cr)	EPS (Rs)	Dividend per Share (Rs)
FY22	3,000.10	184.50	8.01	1.00
FY23	4,315.90	294.40	11.89	1.20
FY24	4,666.80	225.20	9.49	1.40
FY25	5,088.60	239.20	10.68	1.40
FY26	6,200.50	277.20	15.07	1.40

FY26 revenue growth was 21.9%, close to the four-year average of 19.9%, and net profit moved up 15.9%. EPS rose from Rs 9.49 in FY24 to Rs 15.07 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.

Margins and the Latest Quarter

Minda Corporation converted 4.5% of FY26 revenue into net profit, against 4.7% in FY25, within a five-year range of 4.5% to 6.8%. EBITDA margin was 11.9% in FY26 versus 11.9% in FY25.

In the June 2026 quarter, revenue was Rs 1,848 crore, up 33.0% from the same quarter a year earlier, while net profit of Rs 188.38 crore was up 261.1%. EBITDA came in at Rs 213.25 crore, up 33.6% year on year. The next quarterly result is the first test of whether the earnings assumption holds.

Balance Sheet and Cash Flow

Debt to equity stands at 0.56, and shareholders' equity grew from Rs 1,330 crore in FY22 to Rs 2,658 crore in FY26. Operating cash flow in FY26 was Rs 675.60 crore against capital expenditure of Rs 394.20 crore, leaving free cash flow of Rs 281.40 crore, or 1.9% of the current market capitalisation. In FY25 free cash flow was Rs 194.30 crore.

Valuation Check for the Minda Corporation Stock Target: PE, Price to Book and ROE

At a PE of 30.43 against an industry PE of 37.01, Minda Corporation trades at a discount to its industry. Price to book is 5.75 on a book value of Rs 110.40 per share, and return on equity is 13.63%. A PE of 30.43 equals an earnings yield of 3.3%, and the FY26 dividend of Rs 1.40 per share gives a yield of 0.22%.

Shareholding Pattern and Institutional Holding

Promoters held 64.84% of Minda Corporation in June 2026, and promoter holding has stayed near 64.84% since June 2025. Foreign institutional investors (FII) held 9.30% and domestic institutions (DII) held 17.87%, which puts total institutional holding at 27.17%. FII holding rose from 8.83% in June 2025 to 9.30% in June 2026. Public shareholders own the remaining 7.99%. A meaningful institutional holding adds a layer of research coverage and trading depth.

Minda Corporation Share Price Targets for the Short Term and 12 Months

Short Term Minda Corporation Stock Target Levels: Technical Setup

At Rs 636.30 on 9 October 2026, Minda Corporation trades below its 50-day simple moving average of Rs 699.29 and above its 200-day exponential moving average of Rs 630.78. The 14-day RSI reads 29.7, which is oversold territory, and the MACD line sits below its signal line. The nearest resistance level is Rs 699.29 (50-day simple moving average) and the nearest support is Rs 630.78 (200-day exponential moving average). A sustained move above Rs 699.29 would improve the short-term setup, while a close below Rs 630.78 would shift attention to the next support.

12 Month Minda Corporation Target Price for 2027

The 12-month target for Minda Corporation is Rs 763: forward EPS of Rs 25.06 at a PE of 30.43. That is 19.9% above Rs 636.30. It would still leave the stock 0.8% below its 52-week high of Rs 769.00.

How EPS Growth and PE Multiple Change the Minda Corporation Target Price

EPS Growth	PE 24.34	PE 30.43	PE 34.99
0.0% (EPS Rs 20.88)	Rs 508	Rs 635	Rs 731
20.0% (EPS Rs 25.06)	Rs 610	Rs 763	Rs 877
25.0% (EPS Rs 26.10)	Rs 635	Rs 794	Rs 913

Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the Minda Corporation price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.

Bull Case and Downside Risk for Minda Corporation Stock Target in 2027

Bull Case Rs 913

The bull case Minda Corporation price target needs EPS growth of 25.0%, which lifts forward EPS to Rs 26.10, and a PE multiple that rises 15% to 34.99. That gives Rs 913, 43.5% above the current price and above the 52-week high of Rs 769.00, so the stock would have to set a fresh 52-week high.

Downside Risk Level Rs 508

The downside risk level is not a target. It assumes EPS stays flat at Rs 20.88 and the PE falls 20% to 24.34. That gives Rs 508, 20.2% below the current price and above the 52-week low of Rs 468.50.

Scenario	EPS Growth	PE Multiple	Price (Rs)	Change vs CMP
Bull Case	25.0%	34.99	Rs 913	+43.5%
Base Case	20.0%	30.43	Rs 763	+19.9%
Downside Risk	0.0%	24.34	Rs 508	-20.2%

Key Risks to the Minda Corporation Target Price for 2027

Growth Slowdown Risk for the Minda Corporation Price Target

Revenue in the June 2026 quarter was up 33.0% year on year, and FY26 revenue growth was 21.9%. If growth slows from here, the EPS estimate behind the Minda Corporation stock target will need revising.

Liquidity and Size Risk

Minda Corporation has a market capitalisation of Rs 15,190 crore. Institutional holding is 27.17%, and promoters hold 64.84%. Stocks of this size are usually liquid, though exits can take longer than entries when the market is falling.

Valuation and Margin Risk

Net margin was 4.5% in FY26, so a small slip in costs moves profit noticeably. At a PE of 30.43 versus an industry PE of 37.01, a de-rating toward the downside-risk PE of 24.34 would cut the price even if earnings hold.

Market and Technical Risk

The stock trades 17.3% below its 52-week high, with an RSI of 29.7 and a MACD reading below its signal line. Broader market weakness can override company fundamentals in the short term.

How to Invest in Minda Corporation

Start with the live price and volume. Any Minda Corporation share price target is only as current as the data behind it, and the data here is as of 9 October 2026, so refresh the Rs 636.30 price before acting on any level.

Next, review the fundamentals yourself. The Univest Screener lets you check Minda Corporation's PE, ROE, debt and shareholding in one place.

Check Minda Corporation fundamentals on the Univest Screener

Then compare the three Minda Corporation target price scenarios with your own view. If you expect EPS growth below 20.0%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.

Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.

Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.

Download the Univest iOS App or Univest Android App to track Minda Corporation live price and get daily stock recommendations.

Conclusion

The Minda Corporation share price target for 2027 is Rs 763 in the base case, with Rs 913 as the bull case. The support for that view is arithmetic you can check: EPS grew 26.0% a year over FY24 to FY26, and the stock trades at a PE of 30.43. The risks are equally concrete, including a stock that sits 17.3% below its 52-week high and a downside scenario that cuts the price 20% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.

FAQs on Minda Corporation Share Price Target 2027

What is the Minda Corporation share price target for 2027?

Ans. The base-case Minda Corporation share price target for 2027 is Rs 763, with Rs 913 as the bull case. The downside risk level, which is not a target, is Rs 508. These are model estimates from reported earnings and the current PE, not guaranteed outcomes.

What is the Minda Corporation share price today?

Ans. As of 9 October 2026, 3:30 PM IST, Minda Corporation trades at Rs 636.30, up 0.18% on the day. The 52-week range is Rs 468.50 to Rs 769.00.

Is Minda Corporation a buy or sell at the current price?

Ans. The data is mixed rather than one-sided: EPS has grown 26.0% a year over FY24 to FY26, but the stock is 17.3% below its 52-week high. Whether Minda Corporation fits your portfolio depends on your time horizon and risk appetite, so consult a SEBI-registered advisor before investing. This article is not investment advice.

What are the bull case target and downside risk level for Minda Corporation shares?

Ans. The bull case target is Rs 913, which assumes 25.0% EPS growth and a PE of 34.99. The downside risk level is Rs 508, which assumes flat EPS and a PE of 24.34. It marks a risk, not a target.

What are the main risks to the Minda Corporation price target?

Ans. The main risks are slower revenue growth, a small market capitalisation of Rs 15,190 crore, a PE de-rating and short-term weakness in the broader market. Each is covered in the risk section above.

What is the PE ratio of Minda Corporation and how does it compare with the industry?

Ans. The PE ratio of Minda Corporation is 30.43 against an industry PE of 37.01. Price to book is 5.75 and return on equity is 13.63%. The base case in the Minda Corporation price target holds this PE constant.

Who owns Minda Corporation, and what is the promoter holding?

Ans. Promoters held 64.84% of Minda Corporation in June 2026. FII held 9.30%, DII held 17.87% and the public held 7.99%.

What were Minda Corporation's latest quarterly results?

Ans. In the June 2026 quarter, Minda Corporation reported revenue of Rs 1,848 crore (up 33.0% year on year) and net profit of Rs 188.38 crore (up 261.1%).