Now Reading: Brokerages raise targets on Sansera Engineering, Minda Corp
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Brokerages raise targets on Sansera Engineering, Minda Corp
The Hindu Business Line reports that Minda Corporation posted its highest-ever quarterly revenue of Rs 1,850 crore in Q1FY27, up 33 per cent YoY, led by mechatronics and connected systems. EBITDA rose…
The Story in Brief
The Hindu Business Line reports that Minda Corporation posted its highest-ever quarterly revenue of Rs 1,850 crore in Q1FY27, up 33 per cent YoY, led by mechatronics and connected systems. EBITDA rose 35 per cent YoY to Rs 210 crore. Brokerage retained Buy with a revised target of Rs 926. Separately, Sansera Engineering delivered its best quarterly performance with revenue up 33 per cent YoY and EBITDA margin expanding 196 bps to 19.2 per cent. Its aerospace and semiconductor (ADS) business more than tripled YoY to Rs 145.40 crore. The brokerage maintained Add with a revised target of Rs 3,880.
The Indian Opinion
The upbeat broker calls for both companies reflect a narrative of Indian auto ancillaries riding strong demand and diversification into aerospace and EVs. But the margin pressure on Minda Corp from commodity and wage inflation, offset only with a lag, warns that cost pass-through is not automatic. Investors should watch whether Minda's stated 12.5 per cent margin target by FY30 remains credible if inflation persists, and whether Sansera's ADS growth sustains without margin dilution.
Sources (2): thehindubusinessline.com, thehindubusinessline.com (2)
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
