UNO Minda

₹732 4.1 | 0.6%

WEBSITE BSE:532539 NSE : UNOMINDA 10 May, 16:01

Market Cap ₹42024 Cr.

Stock P/E 54.2

P/B 9.1

Current Price ₹732

Book Value ₹ 80.3

Face Value 2

52W High ₹764.7

Dividend Yield 0.2%

52W Low ₹ 514

Edit Ratio

UNO Minda Research see more...

Overview Inc. Year: 1992Industry: Auto Ancillary

Minda Industries Ltd is a supplier of automobile solutions to authentic system producers. The Company offers a range of products across numerous verticals of auto components, which include switching systems, acoustic structures and alloy wheels, amongst others. Its enterprise divisions comprises Lighting Systems Division, Switch & Handle Bar Systems Division, Acoustics Systems Division, and Sensors Actuators and Controllers Division. It also has enterprise divisions, that are engaged in production of batteries for two wheelers, fuel cap and CNG/LPG kits. It is also engaged inside the enterprise of blow molding additives and aluminum die casting. Its product portfolio includes alloy wheel, and brake hoses and fuel hoses. It manufactures switching system and deal with bar solutions for two/three-wheelers in India. It develops electronic merchandise, which includes start stop sensors, electronic accelerator pedal module (EAPM) and head lamp leveling automobiles.

UNO Minda Share Price

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Peer Comparison

UNO Minda Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	2114	2181	2415	2555	2877	2915	2889	3093	3621	3523
Other Income	21	13	23	10	16	4	19	8	9	8
Total Income	2135	2194	2438	2565	2893	2919	2908	3100	3630	3531
Total Expenditure	1886	1946	2140	2289	2558	2577	2570	2763	3220	3143
Operating Profit	249	248	299	276	335	342	338	338	410	388
Interest	18	13	13	17	19	13	21	25	27	29
Depreciation	97	94	110	99	107	115	108	119	125	133
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	134	141	175	159	208	215	209	194	258	226
Provision for Tax	42	42	48	31	55	66	40	44	73	65
Profit After Tax	92	99	127	128	154	149	170	150	185	161
Adjustments	3	3	18	11	17	13	13	23	40	32
Profit After Adjustments	95	101	144	139	170	162	183	173	225	193
Adjusted Earnings Per Share	1.7	1.8	2.5	2.4	3	2.8	3.2	3	3.9	3.4

UNO Minda Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	1340	1700	2193	2527	3386	4471	5908	6222	6374	8313	11236	13126
Other Income	12	35	20	14	14	33	27	40	47	63	49	44
Total Income	1352	1735	2213	2541	3400	4504	5935	6263	6421	8376	11285	13169
Total Expenditure	1248	1639	2042	2289	3012	3937	5183	5550	5649	7428	9995	11696
Operating Profit	104	96	171	253	388	567	752	712	772	948	1291	1474
Interest	19	24	25	26	40	35	63	94	74	62	70	102
Depreciation	46	59	83	93	136	165	234	340	375	392	430	485
Exceptional Income / Expenses	0	0	0	5	0	38	0	-34	2	0	0	0
Profit Before Tax	39	14	63	140	212	405	455	244	325	559	891	887
Provision for Tax	11	8	19	28	46	98	134	69	101	147	191	222
Profit After Tax	28	6	44	112	165	308	321	175	224	413	700	666
Adjustments	-0	1	24	-1	-0	2	-35	-20	-18	-57	-47	108
Profit After Adjustments	28	7	68	111	165	310	286	155	207	356	654	774
Adjusted Earnings Per Share	0.6	0.1	1.4	2.3	3.5	5.9	5.4	2.9	3.8	6.2	11.4	13.5

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	35%	22%	20%	24%
Operating Profit CAGR	36%	22%	18%	29%
PAT CAGR	69%	59%	18%	38%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	34%	40%	34%	61%
ROE Average	19%	15%	15%	17%
ROCE Average	20%	16%	16%	17%

UNO Minda Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	309	312	365	472	1059	1392	1704	1861	2257	3438	4156
Minority's Interest	12	14	21	110	117	211	267	283	306	326	278
Borrowings	89	138	97	169	177	240	606	780	539	375	581
Other Non-Current Liabilities	63	67	73	79	83	221	176	339	345	316	300
Total Current Liabilities	383	504	513	740	931	1367	1478	2313	2530	2342	2952
Total Liabilities	857	1035	1071	1570	2368	3431	4231	5581	5977	6798	8267
Fixed Assets	319	401	411	573	885	1351	1861	2674	2797	2805	3304
Other Non-Current Assets	131	119	110	250	281	553	637	861	759	1037	1395
Total Current Assets	407	516	549	747	1202	1527	1733	2038	2421	2956	3566
Total Assets	857	1035	1071	1570	2368	3431	4231	5581	5977	6798	8267

UNO Minda Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	67	39	23	21	38	358	126	121	264	206	202
Cash Flow from Operating Activities	95	42	135	146	335	362	414	1049	343	383	798
Cash Flow from Investing Activities	-118	-137	-39	-257	-271	-641	-825	-835	-361	-699	-1186
Cash Flow from Financing Activities	-5	80	-98	123	253	46	368	-96	-40	311	301
Net Cash Inflow / Outflow	-28	-15	-2	13	317	-232	-43	117	-59	-5	-86
Closing Cash & Cash Equivalent	39	24	21	34	358	126	93	264	206	202	121

UNO Minda Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	0.59	0.15	1.42	2.32	3.45	5.91	5.42	2.94	3.8	6.23	11.41
CEPS(Rs)	1.56	1.36	2.66	4.28	6.3	9	10.53	9.77	11.02	14.08	19.72
DPS(Rs)	0.6	0.6	1.2	1.4	2.2	2.8	1.1	0.4	0.85	1.5	1.5
Book NAV/Share(Rs)	6.38	6.45	7.56	9.79	15.82	26.44	32.33	35.29	41.45	59.71	72.25
Core EBITDA Margin(%)	6.36	3.35	6.48	8.8	10.2	11.74	12.27	10.8	11.37	10.62	11.02
EBIT Margin(%)	4.01	2.06	3.76	6.09	6.87	9.69	8.76	5.43	6.25	7.46	8.53
Pre Tax Margin(%)	2.7	0.74	2.69	5.15	5.78	8.91	7.7	3.91	5.1	6.71	7.91
PAT Margin (%)	1.94	0.33	1.86	4.12	4.51	6.77	5.43	2.81	3.52	4.95	6.21
Cash Profit Margin (%)	5.12	3.56	5.44	7.54	8.23	10.39	9.39	8.28	9.41	9.65	10.03
ROA(%)	3.51	0.63	4.13	8.48	8.4	10.61	8.37	3.57	3.88	6.46	9.3
ROE(%)	9.63	1.94	12.98	26.97	27	28.69	20.74	9.82	10.9	14.57	18.55
ROCE(%)	11.96	6.71	14.48	22.62	20.72	24.7	21.62	11.55	12.52	16.44	19.88
Receivable days	51.79	47.75	43.02	43.94	42.99	51.73	52.17	51.7	59.04	56.37	50.2
Inventory Days	21.33	21.38	20.73	21.82	20.98	26.29	30.23	34.33	38.94	39.33	38.51
Payable days	76.38	72.26	63.29	66.71	69.66	84.86	80.42	91.79	112.14	92.77	77.7
PER(x)	8.73	42.64	13.37	14.3	21.28	30.21	29.99	40.39	71.37	74.85	42.18
Price/Book(x)	0.8	0.98	2.51	3.39	4.64	6.75	5.03	3.37	6.54	7.81	6.66
Dividend Yield(%)	1.94	1.58	1.05	0.7	0.5	0.26	0.34	0.17	0.16	0.16	0.31
EV/Net Sales(x)	0.3	0.34	0.51	0.76	1.08	2.2	1.61	1.15	2.44	3.27	2.55
EV/Core EBITDA(x)	3.91	6.03	6.51	7.62	9.4	17.32	12.68	10.01	20.15	28.7	22.19
Net Sales Growth(%)	13.67	26.83	29	15.24	33.99	32.02	32.16	5.31	2.44	30.43	35.17
EBIT Growth(%)	31.64	-35.37	133.07	88.09	52.18	75.08	17.54	-34.77	17.97	56.04	54.55
PAT Growth(%)	16.77	-78.97	631.16	157.18	47.78	86.06	4.17	-45.43	28.18	83.99	69.7
EPS Growth(%)	0.27	-74.85	859.88	63.56	48.76	71.19	-8.29	-45.67	29.02	63.96	83.11
Debt/Equity(x)	0.64	0.98	0.64	0.83	0.67	0.44	0.64	0.65	0.47	0.24	0.3
Current Ratio(x)	1.06	1.02	1.07	1.01	1.29	1.12	1.17	0.88	0.96	1.26	1.21
Quick Ratio(x)	0.83	0.78	0.8	0.76	1.04	0.81	0.79	0.62	0.66	0.82	0.76
Interest Cover(x)	3.06	1.56	3.52	6.44	6.33	12.56	8.2	3.59	5.41	9.98	13.82
Total Debt/Mcap(x)	0.81	1.01	0.26	0.25	0.14	0.07	0.13	0.19	0.07	0.03	0.05

UNO Minda Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	67.47	67.47	67.41	70.11	70.07	70.06	70.05	68.73	68.73	68.76
FII	9.92	9.77	9.06	9.07	8.88	6.3	6.51	7.79	7.95	7.57
DII	13.14	13.21	13.79	13.94	14.32	16.96	17.13	16.97	16.92	17.16
Public	9.47	9.55	9.73	6.87	6.74	6.68	6.3	6.51	6.41	6.51
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	19.27	19.27	19.27	40.14	40.14	40.14	40.14	39.39	39.39	39.48
FII	2.83	2.79	2.59	5.19	5.09	3.61	3.73	4.47	4.55	4.34
DII	3.75	3.77	3.94	7.98	8.2	9.72	9.82	9.73	9.7	9.85
Public	2.71	2.73	2.78	3.93	3.86	3.83	3.61	3.73	3.68	3.74
Others	0	0	0	0	0	0	0	0	0	0
Total	28.56	28.56	28.59	57.26	57.29	57.3	57.31	57.32	57.32	57.41

Pros

Debtor days have improved from 92.77 to 77.7days.
Company is almost debt free.

Cons

Stock is trading at 9.1 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.