Shares of Minda Corp. rise 10% as the business projects 3.5 times sales growth by 2030.

Following Tuesday's market closing hours, Minda Corporation Ltd. released its Vision 2030 roadmap, which predicted that its revenue would more than treble by the year 2030. As a result, the company's shares rose as much as 10% on Wednesday, September 24. Minda Corp now hopes to increase its revenue to ₹17,500 crore from ₹5,100 crore in the fiscal year 2025. Additionally, it anticipates that its EBITDA (earnings before interest, tax, depreciation, and amortization) margin will increase from 11.4% to above 12.5%. According to the Vision document, Minda Corp. anticipates being almost debt-free, with a return on capital employed (ROCE) of more than 25% and a net debt-to-equity ratio that is expected to decrease to 0.3x.