Uno Minda Ltd

Uno Minda Ltd

₹ 557 -2.76%
05 Jun 3:57 p.m.
About

Minda Industries Limited, the flagship company of the N.K. Minda Group is one of the most diversified auto component manufacturers in India. It is a technology leader in the auto components industry and a leading tier-1 supplier of proprietary automotive solutions to OEMs. The Group is headquartered in Manesar, Haryana. It has engineering, research, and development centers in Manesar, Pune & Sonepat. [1]

Key Points

Market Leadership
The company is the largest Switch Player in India. It's the largest player in India and second-largest globally in horn segment [1]
It is the third-largest Automotive Lighting player in India. [2]
It has a partnership with 14 Global technology players [3]

  • Market Cap 31,900 Cr.
  • Current Price 557
  • High / Low 605 / 418
  • Stock P/E 74.1
  • Book Value 54.4
  • Dividend Yield 0.22 %
  • ROCE 15.9 %
  • ROE 14.9 %
  • Face Value 2.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 27.5% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 20.5%

Cons

  • Stock is trading at 10.4 times its book value
  • Company has a low return on equity of 11.6% over last 3 years.

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
827 255 947 1,193 1,306 886 1,300 1,334 1,441 1,519 1,807 1,669 1,663
768 305 837 1,059 1,161 828 1,193 1,217 1,290 1,378 1,621 1,501 1,523
Operating Profit 59 -50 109 134 145 58 107 116 151 140 186 169 140
OPM % 7% -20% 12% 11% 11% 7% 8% 9% 10% 9% 10% 10% 8%
-0 6 37 7 -6 3 42 21 -11 14 65 23 9
Interest 12 11 10 11 7 12 10 6 6 9 10 5 9
Depreciation 42 36 42 48 52 43 47 44 56 47 51 54 46
Profit before tax 6 -91 95 83 81 6 91 87 78 98 191 133 94
Tax % 49% 35% 35% 26% 30% 26% 25% 24% 26% 15% 16% 20% 18%
Net Profit 3 -59 61 61 56 5 68 66 57 84 160 106 77
EPS in Rs 0.05 -1.09 1.13 1.12 1.03 0.09 1.19 1.15 1.01 1.47 2.80 1.85 1.34
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
1,105 1,056 1,108 1,376 1,469 1,639 1,857 3,493 3,525 3,701 4,960 6,658
1,080 977 1,032 1,262 1,329 1,484 1,669 3,160 3,229 3,361 4,528 6,023
Operating Profit 25 79 76 114 139 155 188 333 296 339 432 635
OPM % 2% 8% 7% 8% 10% 9% 10% 10% 8% 9% 9% 10%
65 16 14 23 22 28 44 50 21 45 55 112
Interest 18 16 15 13 10 14 7 30 49 39 34 33
Depreciation 38 41 42 54 53 51 53 102 156 178 191 199
Profit before tax 33 39 34 70 99 118 173 252 112 167 262 515
Tax % 0% 21% 19% 24% 20% 21% 23% 25% 21% 29% 25% 17%
Net Profit 33 30 27 53 79 94 133 188 89 119 196 427
EPS in Rs 0.68 0.61 0.55 1.08 1.61 1.90 2.45 3.45 1.64 2.19 3.43 7.45
Dividend Payout % 14% 16% 18% 18% 14% 19% 18% 15% 12% 19% 22% 20%
Compounded Sales Growth
10 Years: 20%
5 Years: 29%
3 Years: 24%
TTM: 34%
Compounded Profit Growth
10 Years: 31%
5 Years: 28%
3 Years: 55%
TTM: 105%
Stock Price CAGR
10 Years: 58%
5 Years: 24%
3 Years: 59%
1 Year: 30%
Return on Equity
10 Years: 12%
5 Years: 12%
3 Years: 12%
Last Year: 15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
19 19 19 19 19 16 17 52 52 54 57 115
Reserves 268 293 314 353 419 812 952 1,190 1,297 1,593 2,599 3,003
164 152 153 118 113 187 96 599 764 671 377 809
219 211 233 265 314 326 430 663 1,400 1,483 1,223 1,290
Total Liabilities 667 672 716 752 862 1,342 1,496 2,504 3,514 3,802 4,256 5,216
227 248 255 278 251 265 280 686 1,067 1,265 1,320 1,468
CWIP 5 14 18 1 5 11 37 46 220 81 94 127
Investments 67 76 94 82 195 357 604 756 1,043 1,132 1,204 1,549
368 334 349 391 411 710 575 1,016 1,184 1,325 1,638 2,072
Total Assets 667 672 716 752 862 1,342 1,496 2,504 3,514 3,802 4,256 5,216

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
82 85 60 107 124 175 140 223 431 156 255 263
-19 -69 -63 -45 -101 -217 -307 -540 -390 -259 -373 -629
-38 -31 -19 -59 -27 340 -133 305 33 51 100 361
Net Cash Flow 25 -16 -22 4 -3 298 -300 -12 74 -51 -18 -5

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 61 60 62 56 62 54 66 58 56 68 65 58
Inventory Days 34 30 36 35 34 30 35 40 45 56 52 48
Days Payable 78 76 74 72 76 82 102 80 113 118 96 75
Cash Conversion Cycle 17 14 23 19 20 2 -1 17 -12 6 21 31
Working Capital Days 26 21 25 24 18 15 17 21 -49 -20 28 35
ROCE % 6% 11% 10% 15% 20% 16% 17% 19% 10% 9% 12% 16%

Shareholding Pattern

Numbers in percentages

10 Recently
Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
70.79 70.88 70.88 70.87 69.85 67.47 67.47 67.47 67.41 70.11 70.07 70.05
10.26 9.65 9.61 9.60 8.95 9.22 9.92 9.77 9.06 9.07 8.88 6.30
7.47 9.85 10.23 10.49 10.93 13.71 13.14 13.21 13.80 13.95 14.32 16.96
11.48 9.62 9.27 9.03 10.27 9.60 9.47 9.55 9.73 6.88 6.74 6.70

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls