Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹64157 Cr.
Stock P/E
50
P/B
9
Current Price
₹1111
Book Value
₹ 122.8
Face Value
2
52W High
₹1382
52W Low
₹ 994
Dividend Yield
0.24%

UNO Minda Overview

Business

UNO Minda Ltd. is a leading Indian Tier-1 automotive component manufacturer and supplier. The company designs, develops, and manufactures a diverse range of products for two-wheelers, three-wheelers, four-wheelers (passenger vehicles, commercial vehicles), and off-road vehicles. Its core business model involves supplying these components directly to Original Equipment Manufacturers (OEMs) in India and globally, as well as serving the aftermarket. It makes money by selling components like switches, lighting systems, alloy wheels, horns, sensors, controllers, seating systems, and various other electronic and mechanical parts, which are integral to vehicle assembly.

Revenue Mix

UNO Minda's revenue is diversified across various product segments, reflecting its extensive portfolio. Key product categories include:

Switches & Handles (for 2W/3W/4W)

Lighting Systems (LED and conventional)

Horns

Alloy Wheels

Seating Systems

Sensors, Controllers & Telematics

Acoustic Systems (speakers)

Blow Moulding (air filter assemblies, fuel tanks for 2W)

Casting & Engineering (aluminum die casting)

Charging Systems & EV Specific Components (e.g., Battery Chargers, DC-DC converters)

While specific percentage contributions vary annually, the company maintains a balanced mix, reducing dependence on any single product line or vehicle segment.

Industry

The Indian auto ancillary industry is a critical support sector for the country's automotive manufacturing. It is characterized by a mix of organized and unorganized players, with increasing consolidation among Tier-1 suppliers. UNO Minda is positioned as one of India's largest and most diversified Tier-1 automotive component manufacturers. It holds market leadership or significant market share in several of its product categories (e.g., switches, horns, lighting, alloy wheels) and is a preferred supplier to almost all major Indian and international OEMs operating in India, including Maruti Suzuki, Honda, Hero MotoCorp, TVS Motor, Bajaj Auto, and Mahindra & Mahindra.

MOAT

Diversified Product Portfolio: Reduces reliance on any single product or vehicle segment, providing stability across automotive cycles.

Strong OEM Relationships: Long-standing partnerships and preferred supplier status with major domestic and international OEMs, built on trust, quality, and reliability.

R&D and Technological Capabilities: Continuous investment in R&D allows the company to innovate and adapt to evolving automotive technologies (e.g., EVs, advanced electronics, LED lighting), maintaining relevance with OEMs.

Scale and Manufacturing Footprint: Extensive manufacturing presence across India and strategic overseas locations, enabling cost efficiencies, timely delivery, and catering to multiple OEMs simultaneously.

Brand & Quality Reputation: Known for supplying high-quality, reliable components, critical for automotive safety and performance.

Growth Drivers

Domestic Automotive Demand: Overall growth in production and sales of two-wheelers, three-wheelers, passenger vehicles, and commercial vehicles in India.

Premiumization and Content per Vehicle (CPV): Increasing demand for advanced features like LED lighting, sensors, infotainment systems, and electronic components, leading to higher component value per vehicle.

Electric Vehicle (EV) Transition: Development and supply of EV-specific components (e.g., chargers, DC-DC converters, battery management systems) as India accelerates EV adoption.

Regulatory Changes: Stricter emission norms (BS-VI) and safety regulations often drive demand for new or upgraded components.

Export Opportunities: Expanding global reach through exports and overseas subsidiaries/JVs.

Strategic Joint Ventures and Acquisitions: Leveraging JVs to access new technologies and markets, and strategic acquisitions to broaden product offerings.

Risks

Automotive Industry Cyclicality: The company's performance is directly linked to the inherently cyclical nature of the automotive industry.

Raw Material Price Volatility: Fluctuations in prices of key raw materials (steel, aluminum, plastics, copper) can impact production costs and margins.

Technological Obsolescence: Rapid changes in automotive technology (e.g., autonomous driving, advanced EV tech) require continuous R&D investment and timely adaptation, posing a risk if the company fails to keep pace.

OEM Concentration Risk: While diversified, a significant portion of revenue may still come from a few large OEMs, making the company susceptible to their production changes or strategic shifts.

Intense Competition: Competition from both domestic and international auto ancillary players can exert pressure on pricing and market share.

Supply Chain Disruptions: Geopolitical events, natural disasters, or pandemics can disrupt global supply chains, impacting production and delivery schedules.

Management & Ownership

UNO Minda Ltd. is part of the Minda Group, a prominent business conglomerate with a long history in the automotive components sector. The company is primarily promoter-owned, with the Minda family holding a significant stake. The management team includes a mix of experienced family members and professional executives with deep industry knowledge. This blend often provides a long-term strategic vision alongside operational expertise.

Outlook

UNO Minda is well-positioned to capitalize on the growth of the Indian automotive industry, driven by its diversified product portfolio, strong OEM relationships, and focus on evolving technologies. The company's strategic investments in R&D and capacity expansion for both conventional and EV components provide avenues for future growth and market share gains, particularly in premium segments and new mobility solutions. However, the outlook is subject to the cyclical nature of auto sales, intense competition, and the ability to effectively manage raw material price volatility and technological transitions. Its success hinges on continued innovation, efficient execution of new projects, and sustained demand from its OEM partners.

UNO Minda Share Price

Live · BSE / NSE · Inception: 1992
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

UNO Minda Quarterly Results

#(Fig in Cr.) Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Net Sales 3794 3818 4245 4184 4528 4489 4814 5018 5336 5557
Other Income 9 11 2 8 8 12 13 4 6 6
Total Income 3803 3829 4247 4192 4536 4501 4827 5022 5342 5563
Total Expenditure 3320 3410 3762 3727 4002 3946 4262 4465 4734 4985
Operating Profit 483 419 485 465 534 555 565 557 609 578
Interest 32 36 46 47 41 44 45 53 45 46
Depreciation 149 142 151 158 165 159 173 179 192 177
Exceptional Income / Expenses 27 0 9 0 0 0 0 -28 0 0
Profit Before Tax 329 241 296 261 329 352 346 298 372 355
Provision for Tax 85 67 78 47 94 90 86 71 84 87
Profit After Tax 244 174 218 214 235 262 259 226 288 268
Adjustments 44 24 27 19 32 29 45 50 38 28
Profit After Adjustments 288 198 245 233 266 291 304 277 326 296
Adjusted Earnings Per Share 5 3.5 4.3 4.1 4.6 5.1 5.3 4.8 5.6 5.1

UNO Minda Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 2527 3386 4471 5908 6222 6374 8313 11236 14031 16775 19658 20725
Other Income 14 14 33 27 40 47 63 49 34 29 34 29
Total Income 2541 3400 4504 5935 6263 6421 8376 11285 14065 16804 19692 20754
Total Expenditure 2289 3012 3937 5183 5550 5649 7428 9995 12446 14901 17406 18446
Operating Profit 253 388 567 752 712 772 948 1291 1619 1903 2286 2309
Interest 26 40 35 63 94 74 62 70 113 170 187 189
Depreciation 93 136 165 234 340 375 392 430 526 615 704 721
Exceptional Income / Expenses 5 0 38 0 -34 2 0 0 27 9 -28 -28
Profit Before Tax 140 212 405 455 244 325 559 891 1192 1307 1616 1371
Provision for Tax 28 46 98 134 69 101 147 191 267 286 332 328
Profit After Tax 112 165 308 321 175 224 413 700 925 1021 1284 1041
Adjustments -1 -0 2 -35 -20 -18 -57 -47 -44 -78 -87 161
Profit After Adjustments 111 165 310 286 155 207 356 654 880 943 1197 1203
Adjusted Earnings Per Share 2.3 3.5 5.9 5.4 2.9 3.8 6.2 11.4 15.3 16.4 20.7 20.8

UNO Minda Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 472 1059 1392 1704 1861 2257 3438 4156 4943 5727 6830
Minority's Interest 110 117 211 267 283 306 326 278 322 386 431
Borrowings 169 177 240 606 780 539 375 581 696 1239 1069
Other Non-Current Liabilities 79 83 221 176 339 345 316 300 223 251 267
Total Current Liabilities 740 931 1367 1478 2313 2530 2342 2952 3673 4060 5001
Total Liabilities 1570 2368 3431 4231 5581 5977 6798 8267 9857 11662 13599
Fixed Assets 573 885 1351 1861 2674 2797 2805 3304 3931 4738 5645
Other Non-Current Assets 250 281 553 637 861 759 1037 1395 1416 1818 1955
Total Current Assets 747 1202 1527 1733 2038 2421 2956 3566 4505 5107 5996
Total Assets 1570 2368 3431 4231 5581 5977 6798 8267 9857 11662 13599

UNO Minda Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 21 38 358 126 121 264 206 202 121 241 198
Cash Flow from Operating Activities 146 335 362 414 1049 343 383 803 979 1071 1720
Cash Flow from Investing Activities -257 -271 -641 -825 -835 -361 -699 -1190 -953 -1530 -1652
Cash Flow from Financing Activities 123 253 46 368 -96 -40 311 301 90 365 10
Net Cash Inflow / Outflow 13 317 -232 -43 117 -59 -5 -86 116 -93 78
Closing Cash & Cash Equivalent 34 358 126 93 264 206 202 121 241 198 277

UNO Minda Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 2.32 3.45 5.91 5.42 2.94 3.8 6.23 11.41 15.33 16.42 20.73
CEPS(Rs) 4.28 6.3 9 10.53 9.77 11.02 14.08 19.72 25.27 28.49 34.42
DPS(Rs) 1.4 2.2 2.8 1.1 0.4 0.85 0.75 1.5 2 2.25 2.65
Book NAV/Share(Rs) 9.79 15.82 26.44 32.33 35.29 41.45 59.71 72.25 85.59 98.95 118.17
Core EBITDA Margin(%) 8.8 10.2 11.74 12.27 10.8 11.37 10.62 11.02 11.28 11.15 11.43
EBIT Margin(%) 6.09 6.87 9.69 8.76 5.43 6.25 7.46 8.53 9.28 8.79 9.16
Pre Tax Margin(%) 5.15 5.78 8.91 7.7 3.91 5.1 6.71 7.91 8.48 7.77 8.21
PAT Margin (%) 4.12 4.51 6.77 5.43 2.81 3.52 4.95 6.21 6.58 6.07 6.52
Cash Profit Margin (%) 7.54 8.23 10.39 9.39 8.28 9.41 9.65 10.03 10.32 9.73 10.09
ROA(%) 8.48 8.4 10.61 8.37 3.57 3.88 6.46 9.3 10.2 9.49 10.17
ROE(%) 26.97 27 28.69 20.74 9.82 10.9 14.57 18.55 20.43 19.27 20.54
ROCE(%) 22.62 20.72 24.7 21.62 11.55 12.52 16.44 19.88 21.89 20.32 20.74
Receivable days 43.94 42.99 51.73 52.17 51.7 59.04 56.37 50.2 49.18 49.52 48.2
Inventory Days 21.82 20.98 26.29 30.23 34.33 38.94 39.33 38.51 38.54 36.43 35.65
Payable days 66.71 69.66 84.86 80.42 91.79 112.14 92.77 77.7 74.06 69.78 68.59
PER(x) 14.3 21.28 30.21 29.99 40.39 71.37 74.85 42.18 44.64 53.48 49.66
Price/Book(x) 3.39 4.64 6.75 5.03 3.37 6.54 7.81 6.66 8 8.88 8.71
Dividend Yield(%) 0.7 0.5 0.26 0.34 0.17 0.16 0.16 0.31 0.29 0.26 0.26
EV/Net Sales(x) 0.76 1.08 2.2 1.61 1.15 2.44 3.27 2.55 2.89 3.13 3.14
EV/Core EBITDA(x) 7.62 9.4 17.32 12.68 10.01 20.15 28.7 22.19 25.08 27.6 26.96
Net Sales Growth(%) 15.24 33.99 32.02 32.16 5.31 2.44 30.43 35.17 24.87 19.55 17.19
EBIT Growth(%) 88.09 52.18 75.08 17.54 -34.77 17.97 56.04 54.55 35.8 13.19 22.1
PAT Growth(%) 157.18 47.78 86.06 4.17 -45.43 28.18 83.99 69.7 32.06 10.37 25.82
EPS Growth(%) 63.56 48.76 71.19 -8.29 -45.67 29.02 63.96 83.11 34.44 7.11 26.23
Debt/Equity(x) 0.83 0.67 0.44 0.64 0.65 0.47 0.24 0.3 0.32 0.4 0.37
Current Ratio(x) 1.01 1.29 1.12 1.17 0.88 0.96 1.26 1.21 1.23 1.26 1.2
Quick Ratio(x) 0.76 1.04 0.81 0.79 0.62 0.66 0.82 0.76 0.78 0.84 0.77
Interest Cover(x) 6.44 6.33 12.56 8.2 3.59 5.41 9.98 13.82 11.55 8.67 9.64
Total Debt/Mcap(x) 0.25 0.14 0.07 0.13 0.19 0.07 0.03 0.05 0.04 0.05 0.04

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +17% +20% +25% +23%
Operating Profit CAGR +20% +21% +24% +25%
PAT CAGR +26% +22% +42% +28%
Share Price CAGR -16% +22% +25% +36%
ROE Average +21% +20% +19% +20%
ROCE Average +21% +21% +20% +19%

UNO Minda Shareholding Pattern

Latest · Jun 2026
100% held
Promoters 68.36 %
FII 8.15 %
DII (MF + Insurance) 17.53 %
Public (retail) 5.96 %
# Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Promoter 68.7668.7568.7568.7568.7568.7168.4568.4168.3768.36
FII 7.578.659.79.8810.099.599.979.828.968.15
DII 17.1616.415.2515.1915.1115.8515.815.9816.8917.53
Public 6.516.26.36.176.045.855.785.795.795.96
Others 0000000000
Total 100100100100100100100100100100

UNO Minda Peer Comparison

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UNO Minda Quarterly Price

10-year quarterly close · BSE
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News & Updates

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UNO Minda Pros & Cons

Pros

  • Company has delivered good profit growth of 41% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 20%
  • Debtor days have improved from 69.78 to 68.59days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Stock is trading at 9 times its book value.
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