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UNO Minda Limited (UNOMINDA)

Large Cap

Auto stocks · Large cap · NSE

Uno Minda Limited is a leading global manufacturer and supplier of proprietary auto components and systems, featuring a diversified portfolio across switches, lighting, castings, seating, and green mobility products for 2W, 4W, and commercial vehicles with strong OEM and aftermarket channels.

₹1,388
+2.00 · +0.14%
Market cap ₹75,926 Cr
IndicesNifty 500
Data qualityFresh enough for analysisQuote updated 13 Nov, 03:31 pm IST
Details
Quote13 Nov, 03:31 pm IST
Base fundamentals08 Nov 2026 · screener
Official result overlay30 Sept 2026 · nse-xbrl
Latest result05 Nov, 12:46 pm IST
Score13 Nov, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Auto P/E 24.6 (n=130)
Technical timing lens

Trend score and candlestick chart

54Neutral

SMA20 +1.2% / mo · RSI overbought · MACD + · near 52W high · sector -5.0pp vs Nifty 500 (3M)

Stock trend: 62
Sector RS: 42
Sector 3M: -4.4% vs Nifty 500 +0.6%
Auto FPI tailwindNot confirmed

Latest mapped FPI equity flow was not positive. View sector evidence

Technical chart

UNOMINDAW candles · FIT view+34.6%
Latest close ₹1388.00 on 2026-11-09
Bar
+5.7%
RSI
64
MACD hist
11.49
52W pos
96%
Visible chart range
Candle interval
2026-11-09O ₹1313.00H ₹1406.50L ₹1292.00C ₹1388.00Vol 63.7L sh
₹735.65₹911.35₹1.09k₹1.26k₹1.44k52H52L₹1388.002024-122025-032025-062025-092025-122026-032026-062026-09VolRSIMACD2024-122025-072026-012026-082027-02
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
-19%-8%+3%+15%13 Aug28 Sept13 Nov13 Nov 2026UNOMINDA +11.9%Nifty Auto -5.0%Nifty 500 +0.3%
UNOMINDA
+11.9%
Nifty 500
+0.3%
Nifty Auto
-5.0%
Vs Nifty 500
+11.6 pp
Chart stats
13 Nov 2026
From 52W high
-1.3%
₹1,406.5
52W range position
96%
₹994 - ₹1,406.5
ATR (14)
3.1%
₹43.4
Volume vs 20D
1.74x
Latest completed session
Avg traded value
₹154 Cr
20-session average
20D price channel
₹1,030 - ₹1,406.5
47.3% 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 is neutral, 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 VALUE
46

Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.

Latest result
Good
62

Revenue +38.3% · PAT +36.5% YoY

Technical
Neutral
54

Price trend and sector-relative-strength timing.

Valuation
Legacy model
-64.5%

Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.

Trust
Limited evidence
84

Financial-only signal; management claim evidence is not sufficient yet.

Financials

Fundamentals, quarterly history, margins, returns and balance-sheet evidence

Latest result

Quarter ended 30 Sept 2026

Good · 62/100

Rev +38% YoY · PAT +36% YoY · +20% QoQ · margin compression

Filed 05 Nov 2026
Open results browser →
MetricThis quarterYoYQoQ
Revenue₹6,655.4 Cr+38.3%+19.8%
EBITDA₹733.3 Cr+32.8%+28.3%
Operating margin11.0%+2 bps+73 bps
PAT₹440.8 Cr+36.5%+39.7%
PAT margin6.6%-9 bps+94 bps

NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.

Fundamentals

Valuation

P/E
56.70
P/B
10.21
EV/EBITDA
24.75
Market Cap
75926.00Cr

Profitability

ROE
19.30%
ROCE
19.60%
ROA
9.27%
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
12.82×
Altman Z
7.26
Book Value
129.00

Cash Flow

FCF Yield
0.09%
FCF Positive Y
5/5
OCF
1720.00 Cr
EPS TTM
22.82

Shareholding

Promoter Hold
68.36%
Promoter Pledge
0.00%
Momentum 52W
89%

Financial History

Updated 13/11/2026

Revenue

₹ Cr
Latest: 19.7k+17.2% vs prev
020kMar 2017: 3,386Mar 2018: 4,471Mar 2019: 5,908Mar 2020: 6,222Mar 2021: 6,374Mar 2022: 8,313Mar 2023: 11.2kMar 2024: 14.0kMar 2025: 16.8kMar 2026: 19.7kFY17FY18FY19FY20FY21FY22FY23FY24FY25FY26

Net Profit

₹ Cr
Latest: 1,284+25.8% vs prev
01284Mar 2017: 185Mar 2018: 331Mar 2019: 339Mar 2020: 188Mar 2021: 248Mar 2022: 413Mar 2023: 700Mar 2024: 925Mar 2025: 1,021Mar 2026: 1,284FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26

Return on Equity

%
Latest: 18.8+5.4% vs prev
023.8Mar 2017: 17.4%Mar 2018: 23.8%Mar 2019: 19.9%Mar 2020: 10.1%Mar 2021: 11.0%Mar 2022: 12.0%Mar 2023: 16.8%Mar 2024: 18.7%Mar 2025: 17.8%Mar 2026: 18.8%FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26

Technicals

Trend interpretation, Stage 2, relative strength, volume and indicator evidence

Weekly technical trend read

Bullish setup

Trend is constructive — long-term uptrend intact. RSI 64.

  • Price > SMA20 > SMA50 > SMA200 — full bullish stack.
  • SMA20 rising (~1.9% over last month) — short-term momentum positive.
  • RSI(14) at 64 — rising, no extreme reading.
  • MACD above signal but histogram contracting — bullish momentum cooling.
  • Within 3% of 52-week high — testing resistance.

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

76
RS percentile
Stage 2 UptrendRecent S2
1M return
+25.7%
3M return
+12.6%
6M return
+23.7%
1Y return
+6.9%
RS 1D
+2
RS 20D
+22
Sector rank
#2
Industry rank
#12
Stage evidence
  • Price is 19.7% above the 30-week proxy.
  • The 50-DMA is above the 30-week proxy and its slope is rising +1.4%.
  • Both 3-month and 6-month returns are positive.
50-DMA
price above
200-DMA
price above
S2 entered
04 Nov 2026
S2 age
7 trading sessions
Sector
leading
Industry
neutral
Relative-strength line vs Nifty 500 (base 100)
264 observations
13 Nov 2026Value 112.8+0.71%
8995101108114Oct 25Feb 26Jul 26Nov 26113
RS vs Nifty 500113

Valuation & peers

U-Score 46 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies

46U-SCORE
Financial Turnaround

Fundamental score breakdown

U band · FAIR VALUE
Valuation0/30
Growth16/25
Quality12/20
Balance Sheet10/15
Cash Flow4/10
Piotroski
8/9 (+5)
Penalties
-1
Raw sum
46

Why this score?

Top U-Score contributors and drags from the latest stored fundamentals.

46/100 · 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

  • Penalty bucket subtracts 1 points.
  • Fair-value margin of safety is negative at -64.5%.
  • Valuation is weaker at 0/30; 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.

Consumer PE/PEG
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
56.7
PB
10.2
EV/EBITDA
24.8
ROE
19.3%
ROCE
19.6%
FCF Yield
0.1%
Debt/Equity
0.4
MoS
-64.5%
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: 13 Nov 2026
v4.3-runtime-valuation
Final score
46
Previous: 46
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
-64.5%
Previous: -63.9%

Score history

12 stored score snapshots. Latest stored move: +0 points.

13 Nov 2026
v4.3-runtime-valuation
48
48
48
47
47
47
47
46
46
46
46
46

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
₹257.36
-439.3% MoS
Growth-justified P/E
37.0
Growth-justified Value
₹843.66
-64.5% MoS
PEG
1.62

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.

Compare all ↗
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
LUMAXTECH
Micro
Lumax Auto Technologies Limited
Auto Components
match 153
54
42.3
26.4%
-19%
FAIR VALUE
SCHAEFFLER
Large
Schaeffler India Limited
Auto Components
match 141
48
41.9
20.2%
-14%
FAIR VALUE
BHARATFORG
Mid
Bharat Forge Limited
Auto Components
match 140
34
85.1
12.0%
-235%
WATCHLIST
ENDURANCE
Large
Endurance Technologies Limited
Auto Components
match 138
49
35.4
15.0%
+22%
FAIR VALUE
BOSCHLTD
Large
Bosch Limited
Auto Components
match 138
44
56.2
14.6%
-46%
WATCHLIST

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 2026-11-09T15:10:16.386Z
Management commentary snapshot

Q2 FY27 Consolidated revenue up 38% YoY to Rs 6,655 Cr, driven by strong growth in casting, seating, and EV systems, with EBITDA expanding 33% YoY to Rs 733 Cr.

The investment thesis remains intact given robust top-line momentum (38% YoY consolidated revenue growth) and strong order intake across multiple divisions like alloy wheels, lighting, and seating. Capacity additions and expanding EV product penetration reinforce execution capability.

Current business mix

Division-wise Revenue Mix

Latest issuer-disclosed distribution across 6 reported categories.

Businessmix
Switches24.0%
Lighting21.0%
Casting22.0%
Seatings7.0%
Green Mobility10.0%
Others16.0%
Growth engines

Casting Vertical Expansion

Positive

Record sales for casting vertical with AW4W growing by 64% and aluminum die casting up by 65% backed by capacity enhancement.

Green Mobility Revenue

Positive

e-2W and e-3W EV systems grew by 53% posting Rs 291 Cr revenue supported by rising penetrations and new programs.

Seating and Switch Performance

Positive

Seating registered 34% growth, while 2W switch exports grew by 35%.

Capacity and execution

Bawal HPDC AW2W Plant

Commissioned

Commissioned HPDC AW2W plant in Bawal with 4 out of 6 lines started, adding 1.0 Mn alloy wheel capacity.

Strategic Expansion Projects

Announced

Announced four strategic expansions with Rs 1,415 Cr investment including greenfield aluminum casting at Hosur (Rs 510 Cr) and JV TGSIN new plant (Rs 670 Cr).

Tailwinds

Industry Volume Momentum

Positive

Overall auto industry grew by 18%, supported by robust PV and 2W demand.

Regulatory Norms

Supportive

New CAFE norms effective April 1, 2027 promote alternative fuels, EVs, hybrids, and higher energy efficiency.

Risk radar

Interest and Depreciation Costs

Under Observation

Finance costs increased to Rs 49 Cr and depreciation rose to Rs 178 Cr due to capital deployment and ongoing expansions.

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

Year-over-year comparison is appropriate to evaluate quarterly revenue growth, operational scale, and profit expansion against broader auto industry trends.

Sector KPIs management disclosed

Volume Growth

Positive

Industry grew by 18%; PV posted 25% YoY growth led by UVs; 2W growth at 17% YoY.

EV Penetration

Positive

Q2 FY27 EV registrations surged over 70% YoY; e-PV penetration reached 8% vs 5% YoY; e-2W penetration reached 11.2% vs 7.8% YoY.

Capacity Utilization and Expansion

Positive

AW4W at Kharkhoda 60K line ramping up; HPDC alloy wheel plant at Bawal commenced with 4 out of 6 lines active adding 1.0 Mn capacity.

Management forward view

ICE-EV Agnostic Portfolio

Strategic Focus

More than 95% of product portfolios are powertrain agnostic, insulating the company from foreseeable market disruptions.

Thesis monitor

Numbers and claims to verify in the next filings

CheckpointCurrent evidenceWhat to verify next
EBITDA Margin11.0%Sustenance of margins above 11% amidst aggressive greenfield capital expenditures.
EV Revenue Contribution10% of revenue mix (Green Mobility)Continuation of strong growth trajectory in e-2W and e-3W EV systems.

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 93rd percentile within Auto. No major sub-score weakness stands out.

This is a financial-behaviour screen, not a claim-tested management reliability verdict.

Computed 13 Nov 2026
management-trust-v1
191 docs text-extracted · 56 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: 93rd pctile, median 73 · Large: 91st pctile, median 73

Evidence depth
Financial-only

191 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 confidence
What 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.

Important announcements & filings

Latest exchange and company disclosures found within the past two years.

12 shown
Announcement

Announcement under Regulation 30 (LODR)-Newspaper Publication 6 Nov - Uno Minda Limited has informed regarding the newspaper clippings for the publication of unaudited standalone and consolidated financial results of the Company for the quarter …

Source: Bse

Open source ↗
Announcement

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 1 Nov - Uno Minda Limited has informed regarding the re-scheduling of earnings call to discuss the operational and financial performance for Q2 & H1FY27.

Source: Bse

Open source ↗
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

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

Open source ↗
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

Open source ↗
Announcement

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 7 Sep

Source: Bse

Open source ↗
Announcement

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 7 Sep - Uno Minda schedules analyst and institutional investor meetings from September 16-24, 2026.

Source: Bse

Open source ↗
Announcement

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 7 Aug - Uno Minda schedules investor meetings on August 12-13, 2026 in Mumbai.

Source: Bse

Open source ↗
Announcement

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 7 Aug - Intimation of Schedule of Analyst/Institutional Investor meetings under the SEBI (LODR) Regulations, 2015

Source: Bse

Open source ↗
Announcement

Announcement under Regulation 30 (LODR)-Acquisition 7 Jul - Approved greenfield 4W seating facility with Rs 320 crore project cost and up to Rs 93 crore equity investment.

Source: Bse

Open source ↗
Announcement

Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 17 Jun - Customs order demands ₹48.81 lakh duty, equivalent penalty, plus interest on machinery imports.

Source: Bse

Open source ↗
Announcement

Announcement under Regulation 30 (LODR)-Newspaper Publication 2 Jun

Source: Bse

Open source ↗
Verify on:NSE India ↗
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.