Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 15 Sep - Uno Minda announces four expansions with ~₹1,415 crore investment; Hosur, Kharkhoda projects start by FY28.
Source: Bse
UNO Minda Limited (UNOMINDA)
Large CapAuto stocks · Large cap · NSE
Uno Minda Limited is a leading Indian auto component manufacturer and supplier with a diversified product portfolio across 4W & 2W segments, geographies, and channels. It focuses on an ICE-EV agnostic product portfolio, sustained capacity additions, and strong R&D, aiming for technology leadership and value creation for stakeholders.
Data qualityFresh enough for analysisQuote updated 21 Oct, 01:16 pm ISTDetails
Quote21 Oct, 01:16 pm IST
Base fundamentals16 Oct 2026 · screener
Latest result04 Aug, 04:56 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Auto P/E 25.7 (n=127)
Technical timing lens
Trend score and candlestick chart
35BearishSMA20 -7.9% / mo · MACD − · sector -2.4pp vs Nifty 500 (3M)
Stock trend: 29
Sector RS: 43
Sector 3M: -8.5% vs Nifty 500 -6.0%
Auto FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
UNOMINDAD candles · FIT view-6.4%TODAY · PROVISIONALLatest price ₹1057.50 on 2026-10-21
Today's candle is provisional from the latest intraday quote; completed-candle scans remain unchanged.
Bar
-2.7%
RSI
31
MACD hist
-2.98
52W pos
18%
2026-10-21O ₹1087.40H ₹1095.70L ₹1050.00C ₹1057.50Vol 3.4L shIntraday candle
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
UNOMINDANifty AutoNifty 500
- UNOMINDA
- -5.8%
- Nifty 500
- -5.6%
- Nifty Auto
- -5.4%
- Vs Nifty 500
- -0.2 pp
Chart stats
19 Oct 2026- From 52W high
- -19.7%
- 52W range position
- 26%
- ATR (14)
- 2.8%
- Volume vs 20D
- 0.29x
- Avg traded value
- ₹59.7 Cr
- 20D price channel
- ₹1,083.7 - ₹1,259.9
₹1,355
₹994 - ₹1,355
₹30.5
Latest completed session
20-session average
30.2% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is consistent.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · FAIR VALUE47
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Average32
Revenue +23.8% · PAT +2.3% YoY
Technical
Bearish35
Price trend and sector-relative-strength timing.
Valuation
Legacy model-31.8%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence84
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Average · 32/100margin compression · Rev +24% YoY · PAT +2% YoY
Filed 04 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹5,557 Cr | +23.8% | +4.1% |
| EBITDA | ₹572 Cr | +5.3% | -5.1% |
| Operating margin | 10.0% | -200 bps | -100 bps |
| PAT | ₹316 Cr | +2.3% | -10.2% |
| PAT margin | 5.7% | -119 bps | -91 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 52.80
- P/B
- 9.47
- EV/EBITDA
- 22.42
- Market Cap
- 64544.00Cr
Profitability
- ROE
- 19.30%
- ROCE
- 19.60%
- ROA
- 9.42%
- Dividend Y
- 0.24%
Growth (CAGR)
- Revenue 5Y
- 25.00%
- EPS 5Y
- 43.00%
- Revenue 3Y
- 20.00%
- EPS 3Y
- 23.00%
Balance Sheet
- Debt/Equity
- 0.40
- Interest Coverage
- 12.06×
- Altman Z
- 8.57
- Book Value
- 118.00
Cash Flow
- FCF Yield
- 0.11%
- FCF Positive Y
- 5/5
- OCF
- 1720.00 Cr
- EPS TTM
- 20.82
Shareholding
- Promoter Hold
- 68.36%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 34%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 19.7k+17.2% vs prev
Net Profit
₹ CrLatest: 1,284+25.8% vs prev
Return on Equity
%Latest: 18.8+5.4% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 31.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 falling (~9.3% over last month) — short-term momentum negative.
- RSI(14) at 31 — falling, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 22% off 52W high · 6% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
49
RS percentile
Stage 1 Base / Transition
1M return
-15.3%
3M return
-5.8%
6M return
-5.6%
1Y return
-9.5%
RS 1D
-2
RS 20D
-12
Sector rank
#10
Industry rank
#14
Stage evidence
- Price is within 5.0% of the 30-week proxy.
- The 30-week proxy changed +0.3% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
neutral
Industry
weakening
Relative-strength line vs Nifty 500 (base 100)
261 observations
19 Oct 2026Value 87.28-0.84%
RS vs Nifty 50087
Valuation & peers
U-Score 47 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 47 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Financial Turnaround
Fundamental score breakdown
U band · FAIR VALUEValuation0/30
Growth16/25
Quality12/20
Balance Sheet10/15
Cash Flow4/10
Piotroski
8/9 (+5)
Penalties
0
Raw sum
47
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
47/100 · legacy band FAIR VALUE
Positive drivers
- Piotroski is strong at 8/9.
- Balance sheet contributes 10/15 to the score.
- Growth contributes 16/25 to the score.
Main drags
- Fair-value margin of safety is negative at -31.8%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
- Cash flow is weaker at 4/10; verify the latest quarterly trend.
Sector valuation model
Consumer valuation: PE/PEG and brand-quality premium
Consumer franchises can deserve higher multiples, but only when growth quality supports them.
Primary lens
PE and PEG relative to growth, ROE, margins, and brand strength.
Secondary checks
Volume growth, pricing power, distribution, same-store or category growth.
Main risk check
Premium valuation needs durable growth and margin resilience.
PE
52.8
PB
9.5
EV/EBITDA
22.4
ROE
19.3%
ROCE
19.6%
FCF Yield
0.1%
Debt/Equity
0.4
MoS
-31.8%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
47
Previous: 47
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
-31.8%
Previous: -35.5%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
48
48
48
48
48
48
47
47
47
47
47
47
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹235.11
-349.8% MoS
Growth-justified P/E
38.5
Growth-justified Value
₹802.61
-31.8% MoS
PEG
1.51
Comparable companies
Peers
Business-comparable peers in Auto — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
LUMAXTECH
Micro
Lumax Auto Technologies Limited
Auto Components
match 153
55
40.5
26.4%
-4%
FAIR VALUE
SCHAEFFLER
Large
Schaeffler India Limited
Auto Components
match 143
50
45.6
20.2%
-17%
FAIR VALUE
ENDURANCE
Large
Endurance Technologies Limited
Auto Components
match 139
47
34.5
14.9%
+24%
FAIR VALUE
BOSCHLTD
Large
Bosch Limited
Auto Components
match 137
45
55.6
14.6%
-46%
WATCHLIST
BHARATFORG
Mid
Bharat Forge Limited
Auto Components
match 137
34
89.6
12.0%
-216%
WATCHLIST
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis intactReviewed 2026-10-13T08:47:14.614Z
Management commentary snapshot
Q1 FY27 Group Revenues (incl. JVs & Associates) grew 21% YoY to Rs 6,896 Cr. Consolidated Revenues increased 26% YoY to Rs 5,557 Cr. PAT (UML share, excl. exceptional items) rose 24% YoY to Rs 296 Cr, while EBITDA margin was 10.3%.
UNOMINDA delivered robust Q1 FY27 results with strong revenue and PAT growth, driven by EV systems, exports, and new order wins. Strategic entry into PV seating and ongoing capacity expansions support future growth, despite slight EBITDA margin contraction QoQ. The company's EV-agnostic portfolio and R&D focus are positive.
Current business mix
Revenue by Product Segment Q1 FY27
Latest issuer-disclosed distribution across 6 reported categories.
Switches23.0%
Lighting21.0%
Casting20.0%
Green Mobility10.0%
Seatings7.0%
Others19.0%
Growth engines
EV Systems
Record sales with revenues growing 130% YoY to Rs 186 Cr, driven by e-2W Charger supplies and increased SOB with existing customers.
Exports
Exports crossed Rs 200 Cr for the quarter, with strong growth in 2W Switch (Rs 95 Cr) and Seating (Rs 72 Cr) exports.
Sunroof Business
Secured order from a new customer, with the order book crossing Rs 500 Cr, and additional order for Electric roller shades.
Passenger Vehicle Seating
Entered the PV Seating business, securing an anchor customer order, with a new plant expected SOP Q4 FY28.
Capacity and execution
4W Alloy Wheels (Kharkhoda)
Phase 1 for 60k Wheel p.m. commissioned. 60K line to fully ramp up in Q2 FY27, additional 30K to commence in H2 FY27.
Passenger Vehicle Seating (CSN)
New greenfield manufacturing facility with estimated investment of Rs 320 Cr. Expected SOP by Q4 FY28.
4W EV Powertrain Products (Khed)
New facility with total cost Rs 437 Cr, Rs 170 Cr incurred. Expected SOP H2 FY27 (Phase 1).
4W EV Powertrain Products (CSN)
New facility announced with total cost Rs 549 Cr. Expected SOP Q2 FY28.
Tailwinds
Industry Growth Momentum
PV posted 17% YoY growth led by UVs. 2W Growth at 23% YoY, with exports growing by 37%.
Increasing EV Penetration
Q1 FY27 EV registration surged over 50% YoY. e-PV penetration increased to 6.8% (vs 4.2% YoY), e-2W to 9.2% (vs 6.2% YoY).
Government EV Policy Support
Delhi government's EV policy 2.0 offers tax relief and incentives on scrapping ICE vehicles.
Headwinds
West Asia Conflict
Supply chain pressures, elevated crude oil prices resulting in global inflation and moderating growth outlook.
EBITDA Margin Contraction
EBITDA margin at 10.3% in Q1 FY27, down from 10.7% in Q1 FY26 and 11.3% in Q4 FY26.
Risk radar
Global Economic Headwinds
West Asia conflict causing supply chain pressure, elevated crude oil prices, global inflation, and moderating growth outlook.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare YOY
Q1 results are typically compared year-over-year to account for seasonality in the auto sector and provide a clearer picture of underlying business growth trends, especially for a component manufacturer tied to OEM production cycles.
Sector KPIs management disclosed
Group Revenues (Including JVs and Associates)
Rs 6,896 Cr for the quarter, higher by 21% Y-o-Y.
Consolidated Revenues
Increased by 26% Y-o-Y to Rs 5,557 Cr for the quarter.
PAT (UML share excluding exceptional items)
Increased by 24% on Y-o-Y basis to Rs 296 Cr for the quarter.
EBITDA Margin
UNDER_STRESSAt 10.3% for the quarter (vs 10.7% Q1 FY26, 11.3% Q4 FY26).
Management forward view
Focus on EV Transition
Company's product portfolio is well insulated from market disruptions, with an ICE-EV agnostic portfolio and increasing kit value.
Strategic Expansion
Steadily growing global presence through sustained capacity additions and channel expansions.
R&D Focus
Strong R&D focus and infrastructure helps in in-house product development and localization of products.
Future of Mobility
Mission to attain Technology Leadership with ingenious creators to innovate for the future of mobility focusing on Value Creation, Quality, and Process.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| EBITDA Margin | 10.3% in Q1 FY27 | Stabilization or improvement from current levels, especially given the slight QoQ and YoY contraction. |
| EV Systems Revenue Growth | 130% YoY to Rs 186 Cr in Q1 FY27 | Sustained high growth rates and expansion into new EV product lines and customers. |
| Passenger Vehicle Seating SOP | Expected Q4 FY28 | Timely commissioning of the new plant and ramp-up of production for the anchor customer. |
| 4W Alloy Wheels Ramp-up | 60K line in Kharkhoda to fully ramp up in Q2 FY27, additional 30K in H2 FY27. | Successful ramp-up of new capacity and contribution to revenue. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
84Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 97th percentile of the scored universe and 92nd percentile within Auto. No major sub-score weakness stands out.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 21 Oct 2026
management-trust-v1
171 docs text-extracted · 48 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
97th percentile
overall median 67 · Auto: 92nd pctile, median 74 · Large: 90th pctile, median 73
Evidence depth
Financial-only
171 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Can support position sizing if valuation and trend also agree.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
76
strong · capital discipline
Results
95
strong · quarterly consistency
Trust positives
- ▸Promoter holding is 68.4%.
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 0.1%.
- ▸5 years of positive FCF.
Trust risks
- ▸No major Trust Lite risk flags.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching UNO Minda Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Issue of Securities 14 Sep - Board approved four capex projects, NCDs up to 600 Cr, commercial paper limit 500 Cr.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 7 Sep - Uno Minda schedules analyst and institutional investor meetings in India and the US from September 16-24, 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 7 Sep
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.