Key Metrics
| Metric | Value |
|---|---|
| Current Price | ₹1,090 |
| Market Cap | ₹62,944 Cr |
| P/E Ratio | 63 |
| ROCE | 19.1% |
| ROE | 18.9% |
| Book Value | ₹100 |
| Dividend Yield | 0.24% |
| 52-Week Range | ₹994 – ₹1,382 |
Business Overview
Uno Minda is one of India's leading auto-component manufacturers supplying:
- Automotive lighting systems
- Switches and sensors
- Alloy wheels
- EV components
- Seating systems
- Acoustics products
The company benefits from:
- Rising vehicle production in India
- Premiumization trend in automobiles
- Rapid EV adoption
- Strong OEM relationships with major automakers
Financial Performance
Revenue Growth
| FY | Revenue |
|---|---|
| FY22 | ₹8,313 Cr |
| FY23 | ₹11,236 Cr |
| FY24 | ₹14,031 Cr |
| FY25 | ₹16,775 Cr |
| FY26 | ₹19,658 Cr |
Revenue CAGR remains strong with FY26 revenue growth of about 17%.
Profit Growth
| FY | Net Profit |
|---|---|
| FY22 | ₹196 Cr |
| FY23 | ₹463 Cr |
| FY24 | ₹586 Cr |
| FY25 | ₹796 Cr |
| FY26 | ₹972 Cr |
Profits have grown nearly 5x over the last 4 years.
Technical View
Bullish Factors
✅ Strong long-term uptrend
✅ Trading above major long-term moving averages
✅ Consistent earnings growth
✅ Beneficiary of EV and auto-cycle growth
✅ Strong institutional interest
Risks
⚠️ Valuation is expensive (P/E above 60)
⚠️ Auto sector slowdown can impact growth
⚠️ Margin pressure from raw-material costs
⚠️ Any earnings miss may trigger correction
Recent Quarterly Trend
Latest quarter (Mar 2026):
- Sales: ₹3,931 Cr
- Operating Profit: ₹405 Cr
- Net Profit: ₹203 Cr
- OPM: ~10%
Revenue continues to make new highs, though margins remain relatively stable.
Screener Scorecard
| Parameter | Rating |
|---|---|
| Revenue Growth | ⭐⭐⭐⭐⭐ |
| Profit Growth | ⭐⭐⭐⭐⭐ |
| Balance Sheet | ⭐⭐⭐⭐ |
| ROE/ROCE | ⭐⭐⭐⭐ |
| Valuation | ⭐⭐ |
| Technical Trend | ⭐⭐⭐⭐ |
| Long-Term Potential | ⭐⭐⭐⭐⭐ |
Overall Score: 8.5 / 10
Investment View
Long-Term (3–5 Years): Bullish
The company is one of the highest-quality auto ancillary plays in India. Growth in passenger vehicles, premium vehicles, and EVs should continue to support earnings growth. However, current valuations already factor in a large portion of future growth, so fresh investors may consider accumulating on corrections rather than chasing rallies.
Support Zones: ₹1,000–1,040
Resistance Zones: ₹1,200–1,300
Verdict: BUY ON DIPS / HOLD for long-term investors. Not an ideal stock for aggressive fresh buying after sharp rallies.
Post a Comment