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.
Tapetide Score
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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 10.7 times its book value
Growth Rate
AI Analysis — Bull vs Bear
Uno Minda Ltd is a leading auto components manufacturer with a market cap of ₹71,513 Cr, trading at a PE of 55.6x and PB of 10.52x. The company has delivered compounded profit growth of 43% CAGR over 5 years with consistent ROE of 19%, while its valuation remains elevated relative to book value.
- Exceptional 5-year compounded profit CAGR of 43%, significantly outpacing revenue growth and indicating margin expansion
- Consistent ROE of 19% over the last year and 3-year average, demonstrating efficient capital allocation
- Strong 10-year median sales growth of 27.6%, reflecting sustained demand and market share gains in the auto components space
- Working capital efficiency improving with days reducing from 14.9 to 11.8 days, freeing up cash for growth investments
- TTM revenue growth of 19% indicates continued momentum despite a higher base after years of compounding
- 10-year stock CAGR of 42% reflects long-term wealth creation and market confidence in the business model
- 5-year compounded sales CAGR of 25% demonstrates the company's ability to grow well above the broader auto industry growth rate
- TTM profit growth of 19% remains healthy, maintaining profitability trajectory even as revenue scales
- PE ratio of 55.6x is significantly above the broader market and most auto component peers, leaving limited room for disappointment
- Price-to-book of 10.52x means investors are paying a steep premium over net asset value, raising downside risk in corrections
- Dividend yield of only 0.21% offers negligible income cushion to shareholders during periods of price decline
- TTM profit growth of 19% has decelerated sharply from the 5-year CAGR of 43%, suggesting the high-growth phase may be normalizing
- 3-year stock CAGR of 25% has slowed considerably from the 10-year CAGR of 42%, indicating potential re-rating fatigue
- At ₹71,513 Cr market cap, further large re-ratings become harder as the company needs proportionally larger absolute profit increases to justify multiples
- Consumer discretionary sector exposure makes earnings vulnerable to auto industry cyclicality and demand slowdowns
- 5-year sales CAGR of 25% versus TTM sales growth of 19% shows sequential deceleration in topline momentum
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Q1FY26 net profit dips 1.5% Aug 5
Consolidated net profit fell 1.5% to ₹315.51 crore in Q1FY26, despite 24% YoY revenue growth to ₹5,556.85 crore, suggesting margin pressure.
- Commodity pricing headwinds Aug 4
Q1FY27 record results were achieved despite challenging commodity pricing, which constrained EBITDA margin expansion (EBITDA grew 21% vs revenue growth of 26%).
- 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.
- ₹2,500 crore fundraising approved Jul 31
Shareholders approved a ₹2,500 crore fundraising mandate at the 34th AGM, providing growth capital for expansion.
- ₹1.75 final dividend declared Jul 31
AGM approved ₹1.75 per share final dividend, signaling confidence in cash flow generation.
- Minda Onkyo stake raised to 99% Jul 30
Acquired 19% stake in subsidiary Minda Onkyo India from Onkyo Sound Corporation, raising total holding to 99% and consolidating control.
- Debt declining, net worth up Aug 5
Standalone net worth improved to ₹6,042.76 crore as outstanding debt declined, strengthening the balance sheet.
- Investor meets scheduled Aug 12-13 Aug 7
NDR and Equirus Conference meetings scheduled in Mumbai on August 12-13, 2026 for analysts and institutional investors.
- Minda Onkyo merger consideration Jul 30
Board to consider merging subsidiary Minda Onkyo India Private Limited on August 4, 2026, alongside Q4FY26 results approval.
- Q1FY27 earnings call on Aug 4 Jul 29
Earnings call scheduled for August 4, 2026 at 4:00 PM IST, led by Group CFO Sunil Bohra covering Q1FY27 performance.
TL;DR: Uno Minda is delivering strong top-line growth with record quarterly revenue and healthy profit expansion, supported by EV systems and lighting demand. Balance sheet is improving with declining debt and rising net worth. Key risks include commodity cost pressures squeezing margins and some inconsistency between reporting periods. The trend is positive with the ₹2,500 crore fundraise and Minda Onkyo consolidation positioning the company for continued growth.
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]