Uno Minda Ltd
Uno Minda Ltd
Consumer Discretionary F&OIncorporated in 1958, Uno Minda Ltd is a manufacturer and supplier of Automotive Solutions and systems to Original Equipment Manufacturers[1]
Uno Minda offers strong compounded profit growth of 43% CAGR over 5 years with consistent sales growth of 25% CAGR over the same period. While the valuation at 50.2x PE and 9.44x PB is stretched, 67% of analysts rate it a Buy, reflecting confidence in its auto-component leadership and earnings trajectory.
Key Fundamentals
MidcapAuto ComponentsAutomobilesTechnical Indicators
Key Insights
Strengths
3- Company has delivered good profit growth of 42.9% CAGR over last 5 years
- Company's median sales growth is 27.6% of last 10 years
- Company's working capital requirements have reduced from 14.9 days to 11.9 days
Weaknesses
1- Stock is trading at 9.33 times its book value
Growth Rate
AI Analysis — Bull vs Bear
Uno Minda offers strong compounded profit growth of 43% CAGR over 5 years with consistent sales growth of 25% CAGR over the same period. While the valuation at 50.2x PE and 9.44x PB is stretched, 67% of analysts rate it a Buy, reflecting confidence in its auto-component leadership and earnings trajectory.
- Exceptional profit growth of 42.9% CAGR over 5 years, significantly outpacing sector averages
- Consistent sales growth with 10-year median of 27.6%, demonstrating sustained demand for its auto components
- TTM profit growth accelerating at 30%, indicating continued earnings momentum
- Strong ROE consistency at 19% last year and 19% over 3 years, showing efficient capital deployment
- 67% of 18 analysts have a Buy rating, reflecting broad institutional confidence
- Impressive stock CAGR of 40% over 10 years, rewarding long-term shareholders handsomely
- Working capital efficiency improving from 14.9 days to 11.9 days, freeing up cash for growth investments
- TTM sales growth of 17% remains healthy even in a moderating auto demand environment
- Stock trades at 9.44x book value, leaving minimal margin of safety for new investors
- PE ratio of 50.2x is expensive even for a growth stock, demanding flawless execution to justify
- Dividend yield of just 0.24% offers negligible income return to shareholders
- 16.67% of analysts rate it a Sell, indicating meaningful disagreement on valuation
- Stock CAGR has decelerated sharply from 28% (5-year) to just 6% (1-year), signaling potential re-rating fatigue
- Market cap of Rs 64,594 Cr implies high growth expectations already priced in, limiting upside from current levels
- TTM sales growth of 17% has decelerated from 3-year CAGR of 20% and 5-year CAGR of 25%, suggesting slowing top-line momentum
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Customs duty and penalty order Jun 17
Uno Minda received an order demanding duty and penalty of Rs 48.81 lakh each related to Anti-Dumping Duty on machinery imports. The company plans to contest the order.
- Inovance HK investment approved Jun 20
Ministry of Heavy Industries approved Inovance Automotive (HK) Investment Co. Ltd to invest in Uno Minda's subsidiary Uno Minda Auto Innovations Pvt Ltd. Further approvals from China and Hong Kong are pending.
- ₹18.16 Cr block trade on NSE Jun 9
Approximately 1,69,660 shares traded at ₹1070.40 per share in a block deal worth ₹18.16 crores, likely involving institutional participants.
- Unclaimed dividend transfer to IEPF Jun 2
Unclaimed final dividend for FY 2018-19 and related shares will be transferred to IEPF on Sept 10, 2026. Shareholders must claim before that date.
- Analyst meet at Manesar plant May 27
Uno Minda hosted analysts and investors at its Manesar plant on June 05, 2026 for an in-person meeting.
TL;DR: Uno Minda is progressing on its EV components strategy with the Inovance HK investment approval signalling deeper partnerships in automotive electronics. The customs duty order is minor at Rs 48.81 lakh and is being contested. Block trade activity and analyst engagement suggest steady institutional interest. The trend is mildly positive with strategic JV moves outweighing a small regulatory headwind.
Quarterly Results
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,889 | 3,093 | 3,621 | 3,523 | 3,794 | 3,818 | 4,245 | 4,184 | 4,528 | 4,489 | 4,814 | 5,018 | 5,336 |
| Expenses | 2,570 | 2,763 | 3,220 | 3,143 | 3,320 | 3,410 | 3,762 | 3,727 | 4,002 | 3,946 | 4,262 | 4,465 | 4,734 |
| Operating Profit | 319 | 330 | 402 | 380 | 474 | 408 | 482 | 457 | 527 | 543 | 552 | 554 | 603 |
| OPM % | 11% | 11% | 11% | 11% | 12% | 11% | 11% | 11% | 12% | 12% | 11% | 11% | 11% |
| Other Income | 44 | 38 | 62 | 52 | 94 | 48 | 59 | 49 | 62 | 59 | 76 | 50 | 70 |
| Interest | 21 | 25 | 27 | 29 | 32 | 36 | 46 | 47 | 41 | 44 | 45 | 53 | 45 |
| Depreciation | 108 | 119 | 125 | 133 | 149 | 142 | 151 | 158 | 165 | 159 | 173 | 179 | 192 |
| PBT | 234 | 224 | 311 | 270 | 387 | 277 | 345 | 301 | 384 | 399 | 409 | 372 | 436 |
| Tax % | 17% | 20% | 24% | 24% | 22% | 24% | 23% | 15% | 25% | 23% | 21% | 19% | 19% |
| Net Profit | 194 | 180 | 238 | 205 | 302 | 211 | 266 | 254 | 289 | 309 | 323 | 300 | 352 |
| EPS in Rs | 3.19 | 3.01 | 3.93 | 3.37 | 5.01 | 3.46 | 4.27 | 4.05 | 4.64 | 5.06 | 5.27 | 4.79 | 5.64 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,232 | 2,527 | 3,386 | 4,471 | 5,908 | 6,222 | 6,374 | 8,313 | 11,236 | 14,031 | 16,775 | 19,658 |
| Expenses | 2,078 | 2,290 | 3,012 | 3,935 | 5,182 | 5,549 | 5,649 | 7,428 | 9,995 | 12,446 | 14,901 | 17,406 |
| Operating Profit | 154 | 238 | 374 | 535 | 726 | 673 | 725 | 885 | 1,242 | 1,585 | 1,874 | 2,251 |
| OPM % | 7% | 9% | 11% | 12% | 12% | 11% | 11% | 11% | 11% | 11% | 11% | 11% |
| Other Income | 33 | 19 | 14 | 70 | 26 | 5 | 49 | 128 | 149 | 246 | 218 | 256 |
| Interest | 25 | 26 | 40 | 35 | 63 | 94 | 74 | 62 | 70 | 113 | 170 | 187 |
| Depreciation | 83 | 93 | 136 | 165 | 234 | 340 | 375 | 392 | 430 | 526 | 615 | 704 |
| PBT | 79 | 139 | 212 | 405 | 455 | 244 | 325 | 559 | 891 | 1,192 | 1,307 | 1,616 |
| Tax % | 25% | 20% | 22% | 24% | 29% | 28% | 31% | 26% | 21% | 22% | 22% | 21% |
| Net Profit | 68 | 123 | 185 | 331 | 339 | 188 | 248 | 413 | 700 | 925 | 1,021 | 1,284 |
| EPS in Rs | 1.38 | 2.25 | 3.34 | 5.73 | 5.25 | 2.85 | 3.8 | 6.23 | 11.41 | 15.33 | 16.42 | 20.73 |
| Div. Payout % | 14% | 10% | 11% | 8% | 10% | 7% | 11% | 12% | 13% | 13% | 14% | 13% |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 16 | 16 | 16 | 17 | 52 | 52 | 54 | 57 | 115 | 115 | 115 | 115 |
| Reserves | 346 | 452 | 1,044 | 1,374 | 1,652 | 1,809 | 2,202 | 3,381 | 4,041 | 4,828 | 5,612 | 6,714 |
| Borrowings | 236 | 396 | 510 | 614 | 1,083 | 1,317 | 1,159 | 948 | 1,395 | 1,706 | 2,473 | 2,740 |
| Other Liabilities | 399 | 622 | 829 | 1,360 | 1,444 | 2,403 | 2,562 | 2,411 | 2,716 | 3,235 | 3,530 | 4,136 |
| Total Liabilities | 997 | 1,487 | 2,398 | 3,365 | 4,231 | 5,581 | 5,977 | 6,798 | 8,267 | 9,884 | 11,730 | 13,705 |
| Fixed Assets | 411 | 573 | 885 | 1,350 | 1,861 | 2,674 | 2,797 | 2,805 | 3,316 | 3,931 | 4,749 | 5,665 |
| CWIP | 9 | 130 | 117 | 211 | 150 | 360 | 134 | 347 | 293 | 216 | 730 | 739 |
| Investments | 28 | 44 | 111 | 155 | 356 | 398 | 531 | 607 | 869 | 951 | 848 | 951 |
| Other Assets | 548 | 740 | 1,285 | 1,649 | 1,864 | 2,148 | 2,515 | 3,040 | 3,789 | 4,786 | 5,403 | 6,350 |
| Total Assets | 997 | 1,487 | 2,398 | 3,365 | 4,231 | 5,581 | 5,977 | 6,798 | 8,267 | 9,884 | 11,730 | 13,705 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 135 | 146 | 335 | 364 | 414 | 1,049 | 343 | 383 | 803 | 979 | 1,071 | 1,720 |
| Investing | -39 | -257 | -267 | -640 | -815 | -810 | -361 | -697 | -1,185 | -951 | -1,479 | -1,652 |
| Financing | -98 | 123 | 253 | 44 | 368 | -96 | -40 | 311 | 301 | 90 | 365 | 10 |
| Net Cash Flow | -2 | 13 | 320 | -232 | -33 | 143 | -58 | -3 | -81 | 119 | -43 | 78 |
| Free Cash Flow | 71 | -38 | 95 | -131 | -248 | 457 | 55 | -182 | -146 | -54 | -572 | 204 |
| CFO/OP | 99 | 72 | 104 | 84 | 73 | 173 | 59 | 59 | 82 | 79 | 75 | 92 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 47 | 53 | 54 | 64 | 56 | 51 | 69 | 60 | 56 | 54 | 54 | 50 |
| Inventory Days | 35 | 42 | 41 | 55 | 57 | 58 | 70 | 72 | 67 | 66 | 58 | 62 |
| Days Payable | 66 | 73 | 84 | 105 | 80 | 107 | 120 | 98 | 86 | 80 | 73 | 75 |
| Cash Conversion Cycle | 16 | 21 | 11 | 14 | 32 | 2 | 18 | 35 | 37 | 39 | 39 | 37 |
| Working Capital Days | 1 | -7 | -11 | 0 | 9 | -38 | -20 | 16 | 14 | 15 | 18 | 12 |
| ROCE % | 13% | 20% | 19% | 21% | 20% | 11% | 11% | 14% | 18% | 20% | 19% | 20% |
Documents
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Company Information
Incorporated in 1958, Uno Minda Ltd is a manufacturer and supplier of Automotive Solutions and systems to Original Equipment Manufacturers[1]