By BullScreen Editorial Team 
Minda Corporation Ltd is targeting a sharp increase in revenue by FY30, with electric vehicles (EVs), premiumisation, higher content per vehicle and a strong order pipeline emerging as key growth drivers.
The company has set a FY30 revenue target of ₹17,500 crore, compared with consolidated revenue of ₹6,185 crore in FY26. This implies a CAGR of around 29.7%, broadly in line with management’s ambition of about 30% organic growth. The 30% CAGR, however, is an analytical benchmark and not formal management guidance.
At a market capitalisation of around ₹16,800 crore, Minda Corporation shares were trading near ₹702, with a PE of 42 against the industry PE of 30. The stock has delivered more than 450% returns over the past five years.
A key growth lever is rising kit value. Smart electronic access and body-electronics systems can increase content from traditional mechanical components to around ₹12,000–₹15,000 per vehicle. EVs offer another opportunity, with group EV revenue at nearly 14%. Flash Electronics generates about 30% of its revenue from EVs and is targeting ₹35,000–₹40,000 kit value from EV powertrain products.
The company also won a lifetime order book of approximately ₹2,500 crore in Q1 FY27 across access systems, castings, wiring harnesses, clusters, electronics and new-energy products covering both ICE and EV platforms.
Q1 FY27 revenue reached a record ₹1,846 crore, up 33.2% year-on-year, while EBITDA rose 35.4% to ₹212 crore.
For investors, Minda Corporation Stock, EV Stocks, 30% CAGR, ₹2,500 Crore Order Book and Auto Ancillary Stocks remain key themes to track as execution against the FY30 target unfolds.