Uno Minda Ltd

₹ 554 -0.41%
05 Dec 3:31 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 31,727 Cr.
  • Current Price 554
  • High / Low 630 / 384
  • Stock P/E 57.2
  • Book Value 64.6
  • Dividend Yield 0.22 %
  • ROCE 13.8 %
  • ROE 12.1 %
  • Face Value 2.00

Pros

  • Promoter holding has increased by 2.69% over last quarter.
  • Company's median sales growth is 27.3% of last 10 years

Cons

  • Stock is trading at 8.60 times its book value
  • Company has a low return on equity of 10.7% over last 3 years.
  • Dividend payout has been low at 10.0% of profits 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

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
1,360 1,327 1,498 468 1,632 2,031 2,238 1,603 2,114 2,181 2,415 2,555 2,877
1,198 1,163 1,358 552 1,404 1,752 1,937 1,456 1,886 1,946 2,140 2,289 2,558
Operating Profit 162 163 140 -84 228 279 302 147 228 235 276 266 318
OPM % 12% 12% 9% -18% 14% 14% 13% 9% 11% 11% 11% 10% 11%
5 6 5 6 16 17 11 6 21 13 23 10 16
Interest 24 22 22 20 19 20 15 19 18 13 13 17 19
Depreciation 74 75 89 77 90 100 107 90 97 94 110 99 107
Profit before tax 69 73 34 -175 135 175 190 44 134 141 175 159 208
Tax % 25% 27% 44% 23% 33% 27% 25% 32% 31% 30% 28% 20% 26%
Net Profit 58 54 19 -151 100 137 164 25 113 118 156 150 182
EPS in Rs 0.91 0.82 0.24 -2.47 1.59 2.12 2.58 0.28 1.66 1.77 2.53 2.43 2.97
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
954 1,179 1,340 1,706 2,232 2,527 3,386 4,471 5,908 6,222 6,374 8,313 10,028
870 1,141 1,254 1,628 2,078 2,290 3,012 3,935 5,182 5,549 5,649 7,428 8,933
Operating Profit 84 38 86 78 154 238 374 535 726 673 725 885 1,095
OPM % 9% 3% 6% 5% 7% 9% 11% 12% 12% 11% 11% 11% 11%
15 46 19 18 33 19 14 70 26 5 49 63 62
Interest 17 20 19 24 25 26 40 35 63 94 74 62 62
Depreciation 34 40 46 59 83 93 136 165 234 340 375 392 411
Profit before tax 48 25 39 13 79 139 212 405 455 244 325 494 683
Tax % 26% 1% 28% 59% 25% 20% 22% 24% 29% 28% 31% 30%
Net Profit 36 28 28 6 68 123 185 331 339 188 248 413 607
EPS in Rs 0.88 0.58 0.57 0.15 1.38 2.25 3.34 5.73 5.25 2.85 3.80 6.23 9.70
Dividend Payout % 11% 17% 17% 66% 14% 10% 11% 8% 10% 7% 11% 12%
Compounded Sales Growth
10 Years: 22%
5 Years: 20%
3 Years: 12%
TTM: 26%
Compounded Profit Growth
10 Years: 34%
5 Years: 16%
3 Years: 7%
TTM: 52%
Stock Price CAGR
10 Years: 53%
5 Years: 25%
3 Years: 48%
1 Year: 26%
Return on Equity
10 Years: 14%
5 Years: 14%
3 Years: 11%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
57 19 19 19 19 19 16 37 55 52 54 57 115
Reserves 142 267 289 292 346 452 744 1,374 1,652 1,809 2,202 3,381 3,639
173 183 198 304 232 393 510 594 1,080 1,317 1,159 944 1,090
231 251 302 369 402 626 1,129 1,379 1,447 2,403 2,562 2,416 2,826
Total Liabilities 560 717 806 981 997 1,487 2,398 3,365 4,231 5,581 5,977 6,798 7,670
250 275 319 401 411 573 885 1,350 1,861 2,674 2,797 2,805 3,024
CWIP 7 5 42 22 9 130 117 211 150 360 134 347 126
Investments 19 23 22 47 28 44 111 155 356 398 531 607 774
283 414 423 512 548 740 1,285 1,649 1,864 2,148 2,515 3,040 3,747
Total Assets 560 717 806 981 997 1,487 2,398 3,365 4,231 5,581 5,977 6,798 7,670

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
45 77 95 42 135 146 335 364 414 1,049 343 383
-32 -26 -118 -137 -39 -257 -267 -640 -815 -810 -361 -697
-4 -8 -5 80 -98 123 253 44 368 -96 -40 311
Net Cash Flow 9 44 -28 -15 -2 13 320 -232 -33 143 -58 -3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 50 61 59 56 47 53 54 64 56 51 69 60
Inventory Days 48 36 35 39 35 42 41 55 57 58 70 72
Days Payable 80 80 84 77 66 73 84 105 80 107 120 98
Cash Conversion Cycle 18 17 10 18 16 21 11 14 32 2 18 35
Working Capital Days 20 25 18 22 19 19 17 25 31 -22 10 36
ROCE % 19% 7% 11% 6% 14% 21% 23% 25% 22% 12% 12% 14%

Shareholding Pattern

Numbers in percentages

68 recently
Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
70.79 70.79 70.79 70.88 70.88 70.87 69.85 67.47 67.47 67.47 67.41 70.11
11.27 10.91 10.26 9.65 9.61 9.60 8.95 9.22 9.92 9.77 9.06 9.07
5.78 6.64 7.47 9.85 10.23 10.49 10.93 13.71 13.14 13.21 13.80 13.95
12.16 11.66 11.48 9.62 9.27 9.03 10.27 9.60 9.47 9.55 9.73 6.88

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

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

Documents

Concalls