Minda Corporation Stock: Can EVs, Premiumisation and 2,500 Cr Orders Power 30% CAGR?
India, Sept. 10 -- Minda Corporation is entering a phase where its growth could increasingly come from higher content per vehicle rather than vehicle volumes alone. The company is expanding across vehicle access, electronics, wiring harnesses, instrument clusters and new-energy products, while premiumisation, electrification, exports and new customer programmes are opening up larger opportunities.
The 30% CAGR is an analytical benchmark, not a formal management guidance. Minda Corporation is targeting Rs 17,500 crore revenue by FY30, compared with FY26 consolidated revenue of Rs 6,185 crore. That target implies roughly 29.7% CAGR, while management has indicated that it is working toward around 30% organic growth. The key question, there...
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