UNO Minda Ltd - Stock Valuation and Financial Performance

BSE: 532539 | NSE: UNOMINDA | Auto Ancillary | Mid Cap

UNO Minda Share Price

1,080.45 40.90 3.93%
as on 21-Nov'24 13:55

DeciZen - make an informed investing decision on UNO Minda

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

UNO Minda stock performance -

mw4me loader
P/E Ratio (CD):
64.40
Market Cap:
59,687.2 Cr.
52-wk low:
605.1
52-wk high:
1,252.9

Is UNO Minda Ltd an attractive stock to invest in?

1. Is UNO Minda Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that UNO Minda Ltd is a average quality company.

2. Is UNO Minda Ltd undervalued or overvalued?

The key valuation ratios of UNO Minda Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is UNO Minda Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of UNO Minda Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of UNO Minda:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
UNO Minda Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 14.5%22.6%20.7%24.7%21.6%11.6%12.5%16.4%19.9%21.9%-
Value Creation
Index
0.00.60.50.80.6-0.1-0.10.50.81.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,1932,5273,3864,4715,9086,2226,3748,31311,23614,03115,379
Sales YoY Gr.-15.2%34%32%32.2%5.3%2.4%30.4%35.2%24.9%-
Adj EPS 1.32.23.455.43.73.56.211.414.916.1
YoY Gr.-76.8%52%47.3%8.5%-31.8%-4.4%76%85.7%29.9%-
BVPS (₹) 7.69.815.826.432.335.341.559.772.385.692.8
Adj Net
Profit
59.6106161260283193190352656853927
Cash Flow from Ops. 1351463353624141,049343383803979-
Debt/CF from Ops. 1.72.71.51.72.61.13.12.11.61.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 22.9%18.9%30.1%24.9%
Adj EPS 31.7%22.6%61.9%29.9%
BVPS31%21.5%27.3%18.5%
Share Price 49.6% 43.9% 35% 66.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
17.625.32121.218.310.89.312.417.318.818.1
Op. Profit
Mgn %
79.51111.912.511.511.510.711.111.311.3
Net Profit
Mgn %
2.34.24.85.85.43.43.34.96.36.46
Debt to
Equity
0.60.80.70.40.60.70.50.20.30.30.2
Working Cap
Days
8891829810210411711110410553
Cash Conv.
Cycle
1819161926242332353511

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 18.10%

Sales growth is growing at healthy rate in last 3 years 30.09%

Net Profit is growing at healthy rate in last 3 years 61.93%

Sales growth is good in last 4 quarters at 23.21%

No data to display

Latest Financials - UNO Minda Ltd.

Standalone Consolidated
TTM EPS (₹) 11.7 16.1
TTM Sales (₹ Cr.) 9,881 15,379
BVPS (₹.) 71.5 92.8
Reserves (₹ Cr.) 3,993 5,211
P/BV 14.53 11.21
PE 88.71 64.40
From the Market
52 Week Low / High (₹) 605.05 / 1252.85
All Time Low / High (₹) 2.52 / 1252.85
Market Cap (₹ Cr.) 59,687
Equity (₹ Cr.) 114.8
Face Value (₹) 2
Industry PE 51.1

Management X-Ray of UNO Minda:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of UNO Minda

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales2,1932,5273,3864,4715,9086,2226,3748,31311,23614,031
Operating Expenses 2,0422,2893,0123,9375,1835,5505,6497,4289,99512,446
Manufacturing Costs115174247322413406404552792919
Material Costs1,4831,6102,1162,7633,6223,8103,9195,2727,2249,064
Employee Cost 2883264515877919449821,2071,4601,779
Other Costs 155179198265356390344397517684
Operating Profit 1512393745347256727258851,2421,585
Operating Profit Margin (%) 6.9%9.4%11.0%11.9%12.3%10.8%11.4%10.7%11.1%11.3%
Other Income 20141433274047634934
Interest 252640356394746270113
Depreciation 8393136165234340375392430526
Exceptional Items 050380-3420027
Profit Before Tax 631402124054552443255598911,192
Tax 1928469813469101147191267
Profit After Tax 44112165308321175224413700925
PAT Margin (%) 2.0%4.4%4.9%6.9%5.4%2.8%3.5%5.0%6.2%6.6%
Adjusted EPS (₹)1.42.33.55.95.42.93.86.211.415.3
Dividend Payout Ratio (%)14%10%11%8%10%7%11%12%13%13%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 3654727571,3881,7041,8602,2543,4114,1404,914
Share Capital 1919161752525457115115
Reserves 3464527411,3711,6521,8072,2003,3544,0264,799
Minority Interest21110117211267283306326278322
Debt2093534385439551,0188536399681,266
Long Term Debt97169177240606780539375581696
Short Term Debt112184261303349238314265387570
Trade Payables2673214867987981,1191,2901,4121,7011,992
Others Liabilities 2083145694915061,3011,2741,0101,1811,363
Total Liabilities 1,0711,5702,3683,4314,2315,5815,9776,7988,2679,857

Fixed Assets

Gross Block1,1511,4371,0211,6532,3843,5414,0074,3495,2946,398
Accumulated Depreciation7408641363025238661,2111,5441,9902,467
Net Fixed Assets4115738851,3511,8612,6742,7972,8053,3043,931
CWIP 9130117211150360134347293216
Investments 2844111155356398530607869951
Inventories1411842384185616107511,0461,3311,638
Trade Receivables2893645007908998631,1991,3771,7232,065
Cash Equivalents 2857374159110341238234173254
Others Assets164219144348294335329383573801
Total Assets 1,0711,5702,3683,4314,2315,5815,9776,7988,2679,857

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 1351463353624141,049343383803979
PBT 791392124054552443255598911,192
Adjustment 84115170144298475441353406483
Changes in Working Capital -10-829-103-223446-336-393-284-420
Tax Paid -17-25-56-85-115-117-87-137-211-275
Cash Flow From Investing Activity -39-257-271-641-825-835-361-699-1,190-953
Capex -65-185-240-495-662-591-288-565-948-1,033
Net Investments 17-170-2320-77-79-22-4442
Others 8-55-31-122-184-1676-112-19737
Cash Flow From Financing Activity -9812325346368-96-4031130190
Net Proceeds from Shares 003235080251690294
Net Proceeds from Borrowing -3988766437182-201-164329127
Interest Paid -26-25-39-35-62-91-74-62-61-104
Dividend Paid -10-13-27-23-35-44-19-37-57-105
Others -2373-11-1220-1433-11661169
Net Cash Flow -213317-232-43117-59-5-86116
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)12.9826.972728.6920.749.8210.914.5718.5520.43
ROCE (%)14.4822.6220.7224.721.6211.5512.5216.4419.8821.89
Asset Turnover Ratio2.222.061.861.571.541.271.11.311.51.55
PAT to CFO Conversion(x)3.071.32.031.181.295.991.530.931.151.06
Working Capital Days
Receivable Days43444352525259565049
Inventory Days21222126303439393939
Payable Days636770858092112937874

UNO Minda Ltd Stock News

UNO Minda Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of UNO Minda on 21-Nov-2024 13:55 is ₹1,080.5.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 13:55 the market cap of UNO Minda stood at ₹59,687.2.
The latest P/E ratio of UNO Minda as of 21-Nov-2024 13:55 is 88.71.
The latest P/B ratio of UNO Minda as of 21-Nov-2024 13:55 is 14.53.
The 52-week high of UNO Minda is ₹1,252.9 and the 52-week low is ₹605.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of UNO Minda is ₹9,881 ( Cr.) .

About UNO Minda Ltd

Minda Industries Limited (MIL) had a humble beginning in the year 1958, is the flagship Company of the UNO MINDA Group. Minda Industries are technology leader in the auto components industry, and a leading tier-1 supplier of proprietary automotive solutions to OEMs. It manufactures automobile components for Original Equipment Manufacturers (OEMs). Minda Industries Limited is a public company domiciled and headquartered in India. It was incorporated on September 16, 1992 under the Companies Act, 1956 and its shares are listed on the National Stock Exchange of India Limited and BSE Limited

Business area of the company

The company is engaged in the business of manufacturing of auto components including auto electrical parts and its accessories and caters to both domestic and international markets.

Awards

FY2017-18

  • ‘Special Support Award’ - Minda Kosei Aluminium Wheel Pvt. Ltd.
  • ‘Overall Performance And Comprehensive Excellence’ Award - Minda D-ten Pvt. Ltd.
  • ‘Supplier Business Capability Building’ Award - Mindarika Pvt Ltd.
  • ‘Delivery Management’ Award - MIL Switch Division
  • ‘Quality & Tpm’ Award - Mil Acoustic Division
  • ‘Excellence In Quality’ Award - MIL Switch Division

FY2018-19

  • The ‘Most Promising Company of this Year’ award by CNBC TV18 at the Indian Business Leader Awards.
  • The National Intellectual Property Award for the year 2019 in the category of Top Indian Company Organization for Designs.
  • Comprehensive Excellence Award from MSIL.
  • Quality Award from TKML for the lighting division
  • Quality Excellence Award to MTG and Roki Minda by MSIL.
  • ‘EY Entrepreneur of this year’ in Manufacturing category.
  • IR-Magazine award for excellence in Investor Relations.

FY2019-20

  • Most Promising Company of the Year- Indian Business Leader Awards (CNBC TV18) N K Minda - EY Entrepreneur of the Year (Manufacturing Category)
  • Special Support Award, MIL Switch Division - Suzuki
  • Delivery Management Award, M J Casting Ltd Best QCDDM Performance, Roki Minda Co. Pvt. Ltd - Honda
  • National IP Award, under the category Top Indian Company for Designs, Minda Industries Ltd.- CII
  • Quality Excellence, MIL Lighting Award - GM, Toyota

Milestone

  • 1992: Minda Industries was incorporated.
  • 1995: The company’s businesses were re-organised into Strategic Business Units (SBUs).
  • 1997: The NK Minda Group implemented TQM - PQCDSM - TPS in the group. The same year company received ISO 9001certification.  
  • 2000: The company was awarded CII-EXIM BANK Business Excellence Award.
  • 2001: Minda Industries commenced production of 2 and 3 wheeler switches at Pune. 
  • 2002-2003: The company expanded its operation by entering in ASEAN region. Bi-wheeler switch manufacturing units at Delhi were consolidated at Manesar.
  • 2002-2003: The company set-up manufacturing plants for handle bar assembly located at Waluj and Hosur. It received ISO-14001 and OHSAS 18001 certification
  • 2003-2004: The company received TS 16949 certification. The company filed for its first patent.
  • 2005-2006: The company established a manufacturing plant at Mysore for Handle Bar Assembly. It received achievement award from Honda for quality and delivery. The company set up a plant in Indonesia. It also commissioned its Pantnagar project. The company set up electronics manufacturing plant for switches located at Pune.
  • 2010: TAFE has awarded Minda Industries Limited - Lighting Division, Sonepat as a ‘SELF CERTIFIED SUPPLIER’
  • 2010: Minda Industries Limited - Acoustic Division received ‘ Outstanding Performance Award - 2010’ from Mahindra - Automotive & Farm Equipment Sectors
  • 2011: Company has signed the Joint Venture Agreement (JVA) with Kyoraku Co. Ltd., Japan and Nagase & Co. Ltd.
  • 2012: Minda Industries Limited - Switch Division received 'TPM Excellence Award' from JIPM, Japan.in 2012- Minda Industries Limited - Switch Division received 'Quality Management Awrad' from Honda- 2012: Minda Industries Limited - Switch Division received 'Best Development Award for Lever Combination Switch Development' from JCB India.
  • 2013: MIL - Acoustic Division received “Gold Quality Award” from Bajaj Auto Ltd.- MIL - Lighting division received a “Special Citation of Distinction” for a valued partnership at Tata Motors Annual Supplier’s Conference.- MIL - Lighting Division received “Silver Trophy for Overall Performance” from Maruti Suzuki India Ltd.- MIL- Switch Division received ‘Quality Achievement Award” from Polaris, USA- Minda Industries Limited - Switch Division received ''Gold Award for Quality” from India Yamaha Motors Pvt. Ltd.
  • 2014: MIL - Lamp received Tier - II Up gradation Shield from MSIL.'
  • 2014: Minda Industries signed a Joint Venture Agreement with Panasonic Corporation.
  • 2014: Switch Div. received INNOVATION AWARD from JCB UK for the ongoing work on Steer Mode Switch and Media Panel for the year 2013-14.
  • 2014: MRPL, Manesar received Vendor Up gradation Certificate from MSIL.
  • 2015: Minda Industries -Joint Venture Agreement with Kosei Group, Japan
  • 2015: Minda Industries & Kosei Aluminum Co. enters into new Joint Venture to develop, manufacture and sell Aluminum Alloy Wheels
  • 2016: The Company has signed a definitive agreement to acquire Rinder India Private Limited (RIPL), from Rinder Industrial Spain.
  • 2016:  UNO MINDA acquires global lighting business of Europe based Rinder Group
  • 2016: The Company has acquired the global lighting business of Spain-based Rinder Group for about Euro 20 million.
  • 2016: Minda Industries completed the acquisition of global business of Rinder India
  • 2017: JV with KatolecJapan for Printed Circuits Board (PCB) and box build assemblies.
  • 2018: Collaboration with Sensata; TLA for Sensors
  • 2018: Collaboration with iSYS RTS for M&A Embedded Systems
  • 2019: Collaboration with Harita for M&A Seating Systems (Transaction in process)
  • 2019: Collaboration with KPIT for Acquisition of Technical knowhow - Telematics
  • 2020: Collaboration with DAYOU Global; TLA for LPDC Alloy Wheels
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