UNO Minda

₹1046.1 -13.3 | 1.3%

WEBSITE BSE:532539 NSE : UNOMINDA 26 Dec, 16:01

Market Cap ₹60063 Cr.

Stock P/E 65.0

P/B 11.3

Current Price ₹1046.1

Book Value ₹ 92.8

Face Value 2

52W High ₹1252.9

Dividend Yield 0.19%

52W Low ₹ 605.1

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.)	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Net Sales	2555	2877	2915	2889	3093	3621	3523	3794	3818	4245
Other Income	10	16	4	19	8	9	8	9	11	2
Total Income	2565	2893	2919	2908	3100	3630	3531	3803	3829	4247
Total Expenditure	2289	2558	2577	2570	2763	3220	3143	3320	3410	3762
Operating Profit	276	335	342	338	338	410	388	483	419	485
Interest	17	19	13	21	25	27	29	32	36	46
Depreciation	99	107	115	108	119	125	133	149	142	151
Exceptional Income / Expenses	0	0	0	0	0	0	0	27	0	9
Profit Before Tax	159	208	215	209	194	258	226	329	241	296
Provision for Tax	31	55	66	40	44	73	65	85	67	78
Profit After Tax	128	154	149	170	150	185	161	244	174	218
Adjustments	11	17	13	13	23	40	32	46	25	27
Profit After Adjustments	139	170	162	183	173	225	193	289	199	245
Adjusted Earnings Per Share	2.4	3	2.8	3.2	3	3.9	3.4	5	3.5	4.3

UNO Minda Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	1700	2193	2527	3386	4471	5908	6222	6374	8313	11236	14031	15380
Other Income	35	20	14	14	33	27	40	47	63	49	34	30
Total Income	1735	2213	2541	3400	4504	5935	6263	6421	8376	11285	14065	15410
Total Expenditure	1639	2042	2289	3012	3937	5183	5550	5649	7428	9995	12446	13635
Operating Profit	96	171	253	388	567	752	712	772	948	1291	1619	1775
Interest	24	25	26	40	35	63	94	74	62	70	113	143
Depreciation	59	83	93	136	165	234	340	375	392	430	526	575
Exceptional Income / Expenses	0	0	5	0	38	0	-34	2	0	0	27	36
Profit Before Tax	14	63	140	212	405	455	244	325	559	891	1192	1092
Provision for Tax	8	19	28	46	98	134	69	101	147	191	267	295
Profit After Tax	6	44	112	165	308	321	175	224	413	700	925	797
Adjustments	1	24	-1	-0	2	-35	-20	-18	-57	-47	-44	130
Profit After Adjustments	7	68	111	165	310	286	155	207	356	654	880	926
Adjusted Earnings Per Share	0.1	1.4	2.3	3.5	5.9	5.4	2.9	3.8	6.2	11.4	15.3	16.2

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	25%	30%	19%	23%
Operating Profit CAGR	25%	28%	17%	33%
PAT CAGR	32%	60%	24%	66%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	58%	20%	43%	51%
ROE Average	20%	18%	15%	18%
ROCE Average	22%	19%	16%	18%

UNO Minda Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	312	365	472	1059	1392	1704	1861	2257	3438	4156	4943
Minority's Interest	14	21	110	117	211	267	283	306	326	278	322
Borrowings	138	97	169	177	240	606	780	539	375	581	696
Other Non-Current Liabilities	67	73	79	83	221	176	339	345	316	300	223
Total Current Liabilities	504	513	740	931	1367	1478	2313	2530	2342	2952	3673
Total Liabilities	1035	1071	1570	2368	3431	4231	5581	5977	6798	8267	9857
Fixed Assets	401	411	573	885	1351	1861	2674	2797	2805	3304	3931
Other Non-Current Assets	119	110	250	281	553	637	861	759	1037	1395	1416
Total Current Assets	516	549	747	1202	1527	1733	2038	2421	2956	3566	4505
Total Assets	1035	1071	1570	2368	3431	4231	5581	5977	6798	8267	9857

UNO Minda Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	39	23	21	38	358	126	121	264	206	202	121
Cash Flow from Operating Activities	42	135	146	335	362	414	1049	343	383	803	979
Cash Flow from Investing Activities	-137	-39	-257	-271	-641	-825	-835	-361	-699	-1190	-953
Cash Flow from Financing Activities	80	-98	123	253	46	368	-96	-40	311	301	90
Net Cash Inflow / Outflow	-15	-2	13	317	-232	-43	117	-59	-5	-86	116
Closing Cash & Cash Equivalent	24	21	34	358	126	93	264	206	202	121	241

UNO Minda Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	0.15	1.42	2.32	3.45	5.91	5.42	2.94	3.8	6.23	11.41	15.33
CEPS(Rs)	1.36	2.66	4.28	6.3	9	10.53	9.77	11.02	14.08	19.72	25.27
DPS(Rs)	0.6	1.2	1.4	2.2	2.8	1.1	0.4	0.85	0.75	1.5	2
Book NAV/Share(Rs)	6.45	7.56	9.79	15.82	26.44	32.33	35.29	41.45	59.71	72.25	85.59
Core EBITDA Margin(%)	3.35	6.48	8.8	10.2	11.74	12.27	10.8	11.37	10.62	11.02	11.28
EBIT Margin(%)	2.06	3.76	6.09	6.87	9.69	8.76	5.43	6.25	7.46	8.53	9.28
Pre Tax Margin(%)	0.74	2.69	5.15	5.78	8.91	7.7	3.91	5.1	6.71	7.91	8.48
PAT Margin (%)	0.33	1.86	4.12	4.51	6.77	5.43	2.81	3.52	4.95	6.21	6.58
Cash Profit Margin (%)	3.56	5.44	7.54	8.23	10.39	9.39	8.28	9.41	9.65	10.03	10.32
ROA(%)	0.63	4.13	8.48	8.4	10.61	8.37	3.57	3.88	6.46	9.3	10.2
ROE(%)	1.94	12.98	26.97	27	28.69	20.74	9.82	10.9	14.57	18.55	20.43
ROCE(%)	6.71	14.48	22.62	20.72	24.7	21.62	11.55	12.52	16.44	19.88	21.89
Receivable days	47.75	43.02	43.94	42.99	51.73	52.17	51.7	59.04	56.37	50.2	49.18
Inventory Days	21.38	20.73	21.82	20.98	26.29	30.23	34.33	38.94	39.33	38.51	38.54
Payable days	72.26	63.29	66.71	69.66	84.86	80.42	91.79	112.14	92.77	77.7	74.06
PER(x)	42.64	13.37	14.3	21.28	30.21	29.99	40.39	71.37	74.85	42.18	44.64
Price/Book(x)	0.98	2.51	3.39	4.64	6.75	5.03	3.37	6.54	7.81	6.66	8
Dividend Yield(%)	1.58	1.05	0.7	0.5	0.26	0.34	0.17	0.16	0.16	0.31	0.29
EV/Net Sales(x)	0.34	0.51	0.76	1.08	2.2	1.61	1.15	2.44	3.27	2.55	2.89
EV/Core EBITDA(x)	6.03	6.51	7.62	9.4	17.32	12.68	10.01	20.15	28.7	22.19	25.08
Net Sales Growth(%)	26.83	29	15.24	33.99	32.02	32.16	5.31	2.44	30.43	35.17	24.87
EBIT Growth(%)	-35.37	133.07	88.09	52.18	75.08	17.54	-34.77	17.97	56.04	54.55	35.8
PAT Growth(%)	-78.97	631.16	157.18	47.78	86.06	4.17	-45.43	28.18	83.99	69.7	32.06
EPS Growth(%)	-74.85	859.88	63.56	48.76	71.19	-8.29	-45.67	29.02	63.96	83.11	34.44
Debt/Equity(x)	0.98	0.64	0.83	0.67	0.44	0.64	0.65	0.47	0.24	0.3	0.32
Current Ratio(x)	1.02	1.07	1.01	1.29	1.12	1.17	0.88	0.96	1.26	1.21	1.23
Quick Ratio(x)	0.78	0.8	0.76	1.04	0.81	0.79	0.62	0.66	0.82	0.76	0.78
Interest Cover(x)	1.56	3.52	6.44	6.33	12.56	8.2	3.59	5.41	9.98	13.82	11.55
Total Debt/Mcap(x)	1.01	0.26	0.25	0.14	0.07	0.13	0.19	0.07	0.03	0.05	0.04

UNO Minda Shareholding Pattern

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	67.41	70.11	70.07	70.06	70.05	68.73	68.73	68.76	68.75	68.75
FII	9.06	9.07	8.88	6.3	6.51	7.79	7.95	7.57	8.65	9.7
DII	13.79	13.94	14.32	16.96	17.13	16.97	16.92	17.16	16.4	15.25
Public	9.73	6.87	6.74	6.68	6.3	6.51	6.41	6.51	6.2	6.3
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	19.27	40.14	40.14	40.14	40.14	39.39	39.39	39.48	39.48	39.48
FII	2.59	5.19	5.09	3.61	3.73	4.47	4.55	4.34	4.97	5.57
DII	3.94	7.98	8.2	9.72	9.82	9.73	9.7	9.85	9.41	8.75
Public	2.78	3.93	3.86	3.83	3.61	3.73	3.68	3.74	3.56	3.62
Others	0	0	0	0	0	0	0	0	0	0
Total	28.59	57.26	57.29	57.3	57.31	57.32	57.32	57.41	57.42	57.42

Pros

Company has delivered good profit growth of 23% CAGR over last 5 years
Debtor days have improved from 77.7 to 74.06days.
Company is almost debt free.

Cons

Stock is trading at 11.3 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.