Minda Corp: Hard Calls Taken, Well Poised To Grow On Clean State, Says ICICI Direct 
An employee assembles components onto an engine in India. (Photographer: Udit Kulshrestha/Bloomberg)  

Minda Corp: Hard Calls Taken, Well Poised To Grow On Clean State, Says ICICI Direct 


BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

Minda Corporation Ltd. is the flagship company of the Spark Minda group and is a leading auto ancillary player supplying key auto components to domestic and global original equipment manufacturers.

Post its restructuring i.e. hive off of the European business, it has a well-diversified presence across segments with two-wheeler, commercial vehicle, passenger vehicle and aftermarket constituting approximately 53%, 23%, 10%, 14% of its sales (FY20), respectively.

In terms of geographies, it realises ~85% of sales from India and rest ~15% from overseas.

Click on the attachment to read the full report:

ICICI Direct Minda Corp Company Update.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.