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 14.6

Current Price ₹1046.1

Book Value ₹ 71.5

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 2012	Sep 2012	Dec 2012	Mar 2013	Jun 2013	Sep 2013	Dec 2013	Mar 2014
Net Sales	257	261	263	275	249	273	283	303
Other Income	5	2	3	1	5	6	1	1
Total Income	263	262	266	276	254	278	284	304
Total Expenditure	239	241	242	247	236	257	266	273
Operating Profit	24	21	24	29	18	22	19	30
Interest	4	4	3	4	4	4	4	3
Depreciation	9	9	11	11	9	11	10	11
Exceptional Income / Expenses	3	-1	-3	-2	0	0	0	1
Profit Before Tax	14	7	6	12	5	7	5	17
Provision for Tax	3	1	0	3	1	2	1	3
Profit After Tax	11	6	5	8	4	5	4	14
Adjustments	-11	-6	-5	-8	-4	-5	-4	-14
Profit After Adjustments	0	0	0	0	0	0	0	0
Adjusted Earnings Per Share	0.2	0.1	0.1	0.2	0.1	0.1	0.1	0.3

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	1090	1337	1426	1640	1857	3493	3525	3701	4960	7187	8983	1108
Other Income	31	23	22	25	38	50	65	55	80	115	136	13
Total Income	1121	1360	1448	1664	1895	3543	3590	3755	5040	7302	9119	1120
Total Expenditure	1030	1228	1285	1481	1669	3160	3229	3361	4528	6476	8053	1032
Operating Profit	91	132	163	184	227	384	360	394	512	826	1066	89
Interest	15	13	10	14	7	30	49	39	34	30	64	15
Depreciation	42	54	53	51	53	102	156	178	191	227	272	41
Exceptional Income / Expenses	-0	-12	0	0	5	0	-43	-10	-25	-5	0	1
Profit Before Tax	34	54	100	119	173	252	112	167	262	565	730	34
Provision for Tax	7	16	19	24	40	64	23	48	66	102	144	7
Profit After Tax	28	37	80	94	133	188	89	119	196	463	586	27
Adjustments	-1	16	-1	-0	3	0	0	0	0	0	0	-27
Profit After Adjustments	27	53	79	94	136	188	89	119	196	463	586	0
Adjusted Earnings Per Share	0.6	0.8	1.7	2	2.5	3.6	1.7	2.2	3.4	8.1	10.2	0.6

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	25%	34%	21%	23%
Operating Profit CAGR	29%	39%	23%	28%
PAT CAGR	27%	70%	26%	36%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	58%	20%	43%	51%
ROE Average	17%	14%	11%	14%
ROCE Average	18%	16%	13%	15%

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	334	373	439	828	970	1242	1349	1648	2656	3288	3805
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	42	33	17	31	22	340	490	292	83	280	410
Other Non-Current Liabilities	61	67	68	37	82	56	116	110	119	138	119
Total Current Liabilities	333	349	426	439	457	857	1555	1752	1375	1686	2293
Total Liabilities	770	821	950	1336	1531	2496	3514	3803	4232	5392	6628
Fixed Assets	255	278	251	265	280	686	1067	1265	1320	1695	2147
Other Non-Current Assets	181	154	265	386	752	902	1331	1272	1345	1642	1678
Total Current Assets	333	390	434	685	499	908	1108	1265	1567	2053	2797
Total Assets	770	821	950	1336	1531	2496	3514	3803	4232	5392	6628

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	32	10	14	17	315	44	51	125	74	92	59
Cash Flow from Operating Activities	60	107	124	175	140	223	431	156	255	343	719
Cash Flow from Investing Activities	-63	-45	-101	-217	-307	-540	-390	-259	-373	-651	-770
Cash Flow from Financing Activities	-19	-59	-27	340	-133	305	33	51	100	275	74
Net Cash Inflow / Outflow	-22	4	-3	298	-300	-12	74	-51	-18	-34	23
Closing Cash & Cash Equivalent	10	14	11	315	15	32	125	74	56	59	84

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)	0.58	0.78	1.68	1.97	2.53	3.56	1.69	2.19	3.43	8.08	10.2
CEPS(Rs)	1.45	1.9	2.78	3.04	3.53	5.5	4.65	5.46	6.77	12.04	14.94
DPS(Rs)	0.6	1.2	1.4	2.2	2.8	1.1	0.4	0.85	1.5	1.5	2
Book NAV/Share(Rs)	6.9	7.72	9.09	10.99	18.41	23.57	25.58	30.26	46.02	57.11	65.78
Core EBITDA Margin(%)	5.04	7.49	8.95	8.8	9.88	9.54	8.38	9.17	8.66	9.86	10.32
EBIT Margin(%)	4.14	4.58	7.02	7.34	9.43	8.06	4.58	5.57	5.94	8.24	8.81
Pre Tax Margin(%)	2.88	3.71	6.36	6.57	9.07	7.21	3.19	4.52	5.26	7.82	8.11
PAT Margin (%)	2.33	2.57	5.12	5.22	6.98	5.38	2.53	3.22	3.93	6.41	6.5
Cash Profit Margin (%)	5.84	6.27	8.49	8.05	9.74	8.3	6.96	8.02	7.76	9.56	9.52
ROA(%)	3.72	4.69	9.07	8.25	9.27	9.33	2.97	3.25	4.88	9.62	9.75
ROE(%)	8.68	10.67	19.98	19.62	17.81	17.01	6.88	7.95	9.17	15.68	16.62
ROCE(%)	10.37	13.61	21.13	16.96	17.28	19.36	8.22	9.41	11.2	17.09	18.26
Receivable days	55.51	50.06	53.7	49.81	55.35	46.39	56.5	60.4	56.36	50.26	52.4
Inventory Days	20.31	20.64	20.84	17.86	19.05	18.97	27.79	32.29	30.83	27.89	30.8
Payable days	73.43	65.97	72.71	76	88	65.99	96.97	112.41	89.86	68.27	67.2
PER(x)	10.91	24.38	19.78	37.28	70.49	45.6	70.29	123.95	135.85	59.57	67.07
Price/Book(x)	0.91	2.46	3.65	6.68	9.7	6.89	4.65	8.96	10.13	8.42	10.41
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)	0.41	0.75	1.18	2.06	5.09	2.61	1.95	4.14	5.43	3.92	4.47
EV/Core EBITDA(x)	4.87	7.63	10.36	18.39	41.72	23.77	19.06	38.89	52.58	34.09	37.64
Net Sales Growth(%)	3.21	22.62	6.64	15.01	13.26	88.09	0.91	4.99	34.02	44.91	24.99
EBIT Growth(%)	-9.23	34.81	65.52	20.46	35.4	56.81	-42.68	27.67	43.82	100.79	33.5
PAT Growth(%)	-8.48	34.55	115.34	17.31	41	41.3	-52.52	33.43	64.76	136.06	26.6
EPS Growth(%)	-8.51	34.68	115.62	17.46	28.53	40.73	-52.52	29.29	56.89	135.32	26.36
Debt/Equity(x)	0.46	0.32	0.26	0.35	0.1	0.48	0.55	0.39	0.13	0.21	0.25
Current Ratio(x)	1	1.12	1.02	1.56	1.09	1.06	0.71	0.72	1.14	1.22	1.22
Quick Ratio(x)	0.78	0.86	0.81	1.36	0.85	0.76	0.53	0.51	0.8	0.84	0.83
Interest Cover(x)	3.28	5.24	10.77	9.47	26.32	9.51	3.29	5.35	8.73	19.72	12.46
Total Debt/Mcap(x)	0.51	0.13	0.07	0.05	0.01	0.07	0.12	0.04	0.01	0.02	0.02

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 25% CAGR over last 5 years
Debtor days have improved from 68.27 to 67.2days.
Company is almost debt free.

Cons

Company has a low return on equity of 14% over the last 3 years.
Stock is trading at 14.6 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.