Uno Minda Ltd
Uno Minda Ltd
Consumer Discretionary F&OKey Fundamentals
MidcapAuto ComponentsAutomobilesInsights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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55 extracted metrics + investor summaries across FY14–FY26.
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Technical Indicators
Key Insights
Strengths
3- Company has delivered good profit growth of 42.8% 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 11.8 days
Weaknesses
1- Stock is trading at 10.9 times its book value
Growth Rate
AI Analysis — Bull vs Bear
Uno Minda Ltd is a large-cap auto components company with a market cap of ₹74,101 Cr, trading at a PE of 56.5x and PB of 10.7x. The company has delivered compounded profit growth of 23% over 3 years and 43% over 5 years, with consistent ROE of 19% in the last year, while its valuation multiples remain significantly above sector averages.
- Strong 5-year compounded profit CAGR of 43%, demonstrating consistent earnings expansion
- Robust 10-year compounded sales growth of 23%, indicating sustained revenue momentum across cycles
- Consistent ROE of 19% in the last year and 18-19% over 3-5 year periods, reflecting efficient capital deployment
- Working capital days reduced from 14.9 days to 11.8 days, showing improving operational efficiency
- TTM sales growth of 19% indicates continued top-line momentum in the current period
- 10-year stock CAGR of 42% reflects long-term wealth creation track record
- Median sales growth of 27.6% over last 10 years demonstrates durable demand for the company's product portfolio
- TTM profit growth of 19% is keeping pace with revenue growth, suggesting margin stability
- PE ratio of 56.5x is significantly elevated, pricing in substantial future growth and leaving limited margin of safety
- Price-to-book ratio of 10.7x means investors are paying a steep premium over net asset value
- Dividend yield of only 0.21% offers negligible income return to shareholders at current valuations
- TTM profit growth of 19% is decelerating sharply compared to 5-year CAGR of 43%, suggesting growth normalization
- TTM sales growth of 19% is below the 5-year CAGR of 25% and 10-year median of 27.6%, indicating slowing top-line expansion
- 3-year stock CAGR of 30% has compressed from the 10-year CAGR of 42%, suggesting returns may be moderating
- At 56.5x PE, even a minor earnings miss could trigger significant multiple compression given the premium valuation
- ROE has remained flat at 17-19% over the last decade despite growth, suggesting limited operating leverage improvement
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Customs duty demand order Jul 13
Uno Minda received an order demanding ₹48.81 lakh as anti-dumping duty and penalty. The company plans to contest the order.
- GST penalty case reopened Jul 13
A GST penalty order of ₹1.71 crore was remanded back by the appellate authority for re-determination, keeping the liability unresolved.
- Record Q1FY27 revenue, PAT up 24% Aug 4
Uno Minda posted record quarterly revenue of ₹5,557 crores (up 26% YoY) with PAT surging 24% to ₹296 crores, driven by switches, lighting, and EV systems.
- ₹1.75 dividend and fundraise approved Jul 31
Shareholders approved a ₹1.75 final dividend and a ₹2,500 crore fundraising mandate at the 34th AGM on July 31, 2026.
- Minda Onkyo stake raised to 99% Jul 30
Uno Minda acquired a 19% stake in subsidiary Minda Onkyo India from Onkyo Sound Corporation, raising total holding to 99%.
- Debt declining, net worth improving Aug 5
Standalone net worth improved to ₹6,042.76 crore as outstanding debt declined, strengthening the balance sheet despite a marginal profit dip in one reporting period.
- Minda Onkyo merger consideration Jul 30
Board scheduled to consider merging subsidiary Minda Onkyo India on August 4, 2026, alongside Q4FY26 results approval.
- Q1FY27 earnings call hosted Jul 29
Earnings call held on August 4, 2026 at 4:00 PM IST, led by Group CFO Sunil Bohra covering Q1FY27 performance.
TL;DR: Uno Minda is executing well with record revenue, strong 24-26% top-line growth, and expanding EV/lighting segments. The balance sheet is improving with falling debt and rising net worth. Risks are minor — small customs and GST disputes totalling under ₹2.2 crore. The growth trajectory remains firmly positive, supported by a ₹2,500 crore fundraise mandate that signals continued expansion ambitions.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,093 | 3,621 | 3,523 | 3,794 | 3,818 | 4,245 | 4,184 | 4,528 | 4,489 | 4,814 | 5,018 | 5,336 | 5,557 |
| Expenses | 2,763 | 3,220 | 3,143 | 3,320 | 3,410 | 3,762 | 3,727 | 4,002 | 3,946 | 4,262 | 4,465 | 4,734 | 4,985 |
| Operating Profit | 330 | 402 | 380 | 474 | 408 | 482 | 457 | 527 | 543 | 552 | 554 | 603 | 572 |
| OPM % | 11% | 11% | 11% | 12% | 11% | 11% | 11% | 12% | 12% | 11% | 11% | 11% | 10% |
| Other Income | 38 | 62 | 52 | 94 | 48 | 59 | 49 | 62 | 59 | 76 | 50 | 70 | 54 |
| Interest | 25 | 27 | 29 | 32 | 36 | 46 | 47 | 41 | 44 | 45 | 53 | 45 | 46 |
| Depreciation | 119 | 125 | 133 | 149 | 142 | 151 | 158 | 165 | 159 | 173 | 179 | 192 | 177 |
| PBT | 224 | 311 | 270 | 387 | 277 | 345 | 301 | 384 | 399 | 409 | 372 | 436 | 403 |
| Tax % | 20% | 24% | 24% | 22% | 24% | 23% | 15% | 25% | 23% | 21% | 19% | 19% | 22% |
| Net Profit | 180 | 238 | 205 | 302 | 211 | 266 | 254 | 289 | 309 | 323 | 300 | 352 | 316 |
| EPS in Rs | 3.01 | 3.93 | 3.37 | 5.01 | 3.46 | 4.27 | 4.05 | 4.64 | 5.06 | 5.27 | 4.79 | 5.64 | 5.12 |
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 20,725 |
| 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 | 18,446 |
| Operating Profit | 154 | 238 | 374 | 535 | 726 | 673 | 725 | 885 | 1,242 | 1,585 | 1,874 | 2,251 | 2,280 |
| OPM % | 7% | 9% | 11% | 12% | 12% | 11% | 11% | 11% | 11% | 11% | 11% | 11% | 11% |
| Other Income | 33 | 19 | 14 | 70 | 26 | 5 | 49 | 128 | 149 | 246 | 218 | 256 | 250 |
| Interest | 25 | 26 | 40 | 35 | 63 | 94 | 74 | 62 | 70 | 113 | 170 | 187 | 189 |
| Depreciation | 83 | 93 | 136 | 165 | 234 | 340 | 375 | 392 | 430 | 526 | 615 | 704 | 721 |
| PBT | 79 | 139 | 212 | 405 | 455 | 244 | 325 | 559 | 891 | 1,192 | 1,307 | 1,616 | 1,620 |
| 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 | 1,291 |
| 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 | 20.82 |
| 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 | 4,129 |
| Total Liabilities | 997 | 1,487 | 2,398 | 3,365 | 4,231 | 5,581 | 5,977 | 6,798 | 8,267 | 9,884 | 11,730 | 13,698 |
| Fixed Assets | 411 | 573 | 885 | 1,350 | 1,861 | 2,674 | 2,797 | 2,805 | 3,316 | 3,931 | 4,749 | 5,658 |
| CWIP | 9 | 130 | 117 | 211 | 150 | 360 | 134 | 347 | 293 | 216 | 730 | 746 |
| 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 | 6,343 |
| Total Assets | 997 | 1,487 | 2,398 | 3,365 | 4,231 | 5,581 | 5,977 | 6,798 | 8,267 | 9,884 | 11,730 | 13,698 |
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 | -1,651 |
| 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 | 79 |
| 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]