UNO Minda Ltd Stock Analysis

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

BSE Share Price 23-Sep-2022 18:01
537.20 -16.50 (-2.98%)

DeciZen - Make an Informed Decision on UNO Minda

Overall Rating

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

UNO Minda Price Chart

P/E Ratio (CD) :
64.19
Market Cap :
30,758.3 Cr.
52-wk low :
357.5
52-wk high :
630
Bole Toh?

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 below 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 Somewhat overvalued zone.

3. Is UNO Minda Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of UNO Minda Ltd is likely to Rise 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 not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 7.4%2.9%11.3%15.4%14.2%15.8%12.5%8.3%7%9.5%-
Value Creation Index -0.5-0.8-0.20.10.00.2-0.1-0.4-0.5-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,3401,7062,2322,5273,3864,4715,9086,2226,3748,3139,266
YoY Gr. Rt. %-27.3%30.8%13.2%34%32%32.2%5.3%2.4%30.4%-
Adj EPS 0.5-01.12.23.45.45.43.83.568.4
YoY Gr. Rt. %--102%NA95.5%53.4%60.1%0.2%-30.4%-6.7%72.6%-
BVPS (₹) 6.46.57.69.815.826.432.335.341.559.763.1
Adj Net Profit 23.4-0.353.4105161282284198190345479
Cash Flow from Ops. 95.341.61351463353624141,049343383-
Debt/CF from Ops. 2.17.31.72.71.51.72.61.13.12.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 22.5%19.7%12.1%30.4%
Adj EPS 32.2%12.4%3.9%72.6%
BVPS 28.230.422.744.1
Share Price 57% 31.2% 46% 45.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 7.9-0.115.825212318.311.19.312.113.6
Op. Profit Mgn % 74.66.99.41111.912.511.511.510.710.8
Net Profit Mgn % 1.8-0.124.14.86.35.43.53.34.15.2
Debt to Equity 0.610.60.80.70.40.60.60.50.2-
Working Cap Days 10397879182981021041171120
Cash Conv. Cycle 151618191519262423320

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 13.60%

Sales growth is growing at healthy rate in last 3 years 12.06%

Sales growth is good in last 4 quarters at 26.06%

Net Profit has been subdued in last 3 years 3.87%

Latest Financials - UNO Minda Ltd.

Standalone Consolidated
TTM EPS (₹) 4.8 8.4
TTM Sales (₹ Cr.) 5,593 9,266
BVPS (₹.) 48.7 63.1
Reserves (₹ Cr.) 2,673 3,500
P/BV 11.03 8.51
PE 111.72 64.19
From the Market
52 Week Low / High (₹) 357.50 / 630.00
All Time Low / High (₹) 2.52 / 630.00
Market Cap (₹ Cr.) 30,758
Equity (₹ Cr.) 114.5
Face Value (₹) 2
Industry PE 39.3

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 (%)

News

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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