Minda Corp will undertake Rs 2,000 crore capex for the next five years. (Photo: Minda Corp website) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Minda Corp.'s share price jumped to an eight-month high during early trade on Wednesday after the company guided for 350% growth in revenue by financial year 2030 during an analyst meeting held on Sept. 23.

The company projected revenue of Rs 17,500 crore by FY30. It also expects an expansion of its operating margin to 12.5% from 11.4% in FY25, according to an investor presentation.

It also expects the debt-equity ratio to decline to 0.3 times from 0.6 times in the last fiscal. The return on capital employed, a metric used to analyse the profitability and capital efficiency of a firm, is projected to increase to 25% from 20%.

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