UNOMINDA

Uno Minda share price & financials

Price
₹1,115.6
Market cap
₹73.8k Cr
Sector
Automobile and Auto Components
Calls analysed
6
Latest concall · Q1 FY27 · call held 04 Aug 2026

Uno Minda Q1 FY27

Revenue from Operations ₹5,557 cr +26%EBITDA ₹572 cr +21%EBITDA Margin 10.3%

What went well

  • Consolidated revenue from operations grew 26% YoY to INR 5,557 crores in Q1 FY27, driven by broad-based growth across core product offerings and EV systems.
  • PAT attributable to shareholders increased 24% YoY to INR 296 crores compared to normalized PAT of INR 239 crores in Q1 FY26.
  • The Green Mobility vertical achieved robust 78% YoY revenue growth, reaching INR 542 crores and contributing 10% to total consolidated revenues.

What to watch

  • EBITDA margins were 10.3%, impacted by commodity and gas price inflation, leading to approximately 40 basis points of mathematical margin dilution.
  • Minimum wage increases across multiple manufacturing states contributed to higher employee costs.
Read the full call →

What Uno Minda does

Uno Minda Limited designs and manufactures auto components and systems for two-wheeler, three-wheeler, four-wheeler and commercial-vehicle OEMs, with a powertrain-agnostic (ICE and EV) product portfolio spanning switches, lighting, die-castings (including alloy wheels), seating, acoustics and green-mobility/EV systems. It earns primarily by supplying OEMs directly (original-equipment channel), supplemented by exports and a replacement-parts (aftermarket) channel, and operates through several joint ventures and technical-licence partnerships with global auto-technology companies for localisation and technology transfer. Its in-house CREAT engineering hub and other R&D centres develop and localise products such as electric drive units, dedicated hybrid transmissions, CNG/hydrogen systems and infotainment platforms for customers in India and abroad.

Segments

  • Switches
  • Lighting
  • Castings
  • Green Mobility
  • Seating
  • Others
  • Aftermarket
Manufacturing plants worldwide
78
Product lines
28
R&D and engineering centres
37, with 1,200+ engineers across 7 countries
Joint ventures / technical licence agreements
17
Aftermarket distribution network
1,600+ business partners, 55,000+ retailers, 75,000+ service points
Supplier base
1,500+ suppliers
Founded 1958Headquarters Delhi (registered office), Manesar, Haryana (corporate office) Company website

Guidance record · Q1 FY27

what the last two calls moved 16 tracked 2 delivered 1 missed 13 open
  • FRIWO JV Acquisition Completion delivered said Q4 FY25 Promised: Expected to be completed by end of Q1 FY26 Q1 FY27: No new updates. Promise was achieved in Q1 FY26.
  • Total Capital Expenditure FY26 missed said Q4 FY25 Promised: Approximately Rs.1,300 crores Q1 FY27: No new updates. Promise was for FY26 and was missed.
  • EV Powertrain JV (Inovance) Phase 1 at risk said Q4 FY25 Promised: Commissioned by Q2 FY27 Q1 FY27: Received Press Note 3 approval in India, but new regulatory changes in China are causing delays and uncertainty. Partner is reviewing next steps. Timeline is now at risk.

All 16 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 23.8%, net profit up 2.3% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue4,245 4,184 4,528 4,489 4,814 +13%5,018 +20%5,336 +18%5,557 +24%
EBITDA482 457 527 543 552 +15%554 +21%603 +14%572 +5%
Net profit266 254 289 309 323 +21%300 +18%352 +22%316 +2%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −5.4% 1Y

₹1.0k₹1.1k₹1.2k₹1.3kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 7 Nov 2025Q3 FY26 — 5 Feb 2026Q4 FY26 — 18 May 2026Q1 FY27 — 4 Aug 2026

1Y: ₹1,269.8 on 10 Sept 2025 → ₹1,201.6. High ₹1,366.3 (7 Oct 2025), low ₹1,013.2 (13 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
+1.4%
4 Aug
Q4 FY26
−4.8%
18 May
Q3 FY26
+2.2%
5 Feb
Q2 FY26
−0.3%
7 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 20.5% a year over 3 years, FY23 to FY26. Operating margin widened to 11.5%.

Year endingFY23FY24FY25FY26
Revenue₹11.2k Cr₹14.0k Cr₹16.8k Cr₹19.7k Cr
Operating profit₹1.2k Cr₹1.6k Cr₹1.9k Cr₹2.3k Cr
Operating margin11.0%11.3%11.2%11.5%
Interest₹70 Cr₹113 Cr₹170 Cr₹187 Cr
Depreciation₹429 Cr₹526 Cr₹616 Cr₹703 Cr
Net profit₹700 Cr₹925 Cr₹1.0k Cr₹1.3k Cr
Net margin6.2%6.6%6.1%6.5%
Cash from operations₹803 Cr₹979 Cr₹1.1k Cr₹1.7k Cr
Free cash flow₹-146 Cr₹-54 Cr₹-572 Cr₹204 Cr
ROCE18.0%20.0%19.0%20.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹54 Cr₹57 Cr₹115 Cr₹115 Cr₹115 Cr₹115 Cr
Reserves₹2.2k Cr₹3.4k Cr₹4.0k Cr₹4.8k Cr₹6.1k Cr₹6.7k Cr
Borrowings₹1.2k Cr₹948 Cr₹1.4k Cr₹1.7k Cr₹2.9k Cr₹2.7k Cr
Other liabilities₹2.6k Cr₹2.4k Cr₹2.7k Cr₹3.2k Cr₹3.7k Cr₹4.1k Cr
Total liabilities₹6.0k Cr₹6.8k Cr₹8.3k Cr₹9.9k Cr₹12.8k Cr₹13.7k Cr
Fixed assets₹2.8k Cr₹2.8k Cr₹3.3k Cr₹3.9k Cr₹5.4k Cr₹5.7k Cr
Capital work in progress₹134 Cr₹347 Cr₹293 Cr₹216 Cr₹546 Cr₹746 Cr
Investments₹531 Cr₹607 Cr₹869 Cr₹951 Cr₹857 Cr₹951 Cr
Other assets₹2.5k Cr₹3.0k Cr₹3.8k Cr₹4.8k Cr₹6.0k Cr₹6.3k Cr
Total assets₹6.0k Cr₹6.8k Cr₹8.3k Cr₹9.9k Cr₹12.8k Cr₹13.7k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, DIIs added +1.67 pp while FIIs trimmed −1.44 pp. The shareholder count shrank 4% to 1,91,019.

Promoters
68.4%
FIIs
8.2%
DIIs
17.5%
Public
6.0%

Since Jun 2025

  • DIIs +1.67 pp
  • FIIs −1.44 pp
  • Promoters −0.35 pp

How it drifted, 12 quarters

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 68.7%, FIIs 7.8%, DIIs 17.0%, Public 6.5%.Dec '23: Promoters 68.7%, FIIs 7.9%, DIIs 16.9%, Public 6.4%.Mar '24: Promoters 68.8%, FIIs 7.6%, DIIs 17.2%, Public 6.5%.Jun '24: Promoters 68.8%, FIIs 8.7%, DIIs 16.4%, Public 6.2%.Sep '24: Promoters 68.8%, FIIs 9.7%, DIIs 15.3%, Public 6.3%.Dec '24: Promoters 68.8%, FIIs 9.9%, DIIs 15.4%, Public 5.9%.Mar '25: Promoters 68.8%, FIIs 10.1%, DIIs 15.2%, Public 6.0%.Jun '25: Promoters 68.7%, FIIs 9.6%, DIIs 15.8%, Public 5.8%.Sep '25: Promoters 68.5%, FIIs 10.0%, DIIs 15.8%, Public 5.8%.Dec '25: Promoters 68.4%, FIIs 9.8%, DIIs 16.0%, Public 5.8%.Mar '26: Promoters 68.4%, FIIs 9.0%, DIIs 16.9%, Public 5.8%.Jun '26: Promoters 68.4%, FIIs 8.2%, DIIs 17.5%, Public 6.0%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 2 holders trimming and 1 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Uno Minda above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Minda Investments Limited 23.76%unchanged
Nirmal Kumar Minda 20.83%unchanged
Suman Minda 13.85%unchanged
NPS Trust- A/C SBI Pension Fund Scheme - Central Govt Pension / PF3.07%+0.83 pp
Singhal Fincap Limited 2.87%unchanged
Minda International Limited 2.77%unchanged
Canara Robeco Mutual Fund A/C Canara Robeco Large And Mid Cap Fund Mutual fund1.88%−0.10 pp
Kotak Midcap Fund Mutual fund1.56%+0.14 pp
DSP Large & Mid Cap Fund Mutual fund1.46%newly disclosed
Minda Finance Limited 1.32%unchanged
Pallak Minda 1.17%unchanged
Paridhi Minda 1.17%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in UNOMINDA

Filings to Aug 2026

0 new, 12 added, 1 trimmed, 1 sold out — net −1.04 L shares (−3.5%).

Held by funds
₹364 Cr
14 schemes
Biggest holder
SBI Automotive Opportunities Fund
₹168 Cr · 2.6% of that fund
SchemeHoldingLast month
SBI Automotive Opportunities Fund SBI Mutual Fund₹168 Crheld
SBI Arbitrage Fund SBI Mutual Fund₹83 Cr+2.16 L
Nippon India Arbitrage Fund Nippon India Mutual Fund₹32 Cr+1.38 L
HDFC Arbitrage Fund HDFC Mutual Fund₹24 Cr+0.06 L
Nippon India ETF Nifty Midcap 150 Nippon India Mutual Fund₹22 Cr+0.10 L
Nippon India Nifty Midcap 150 Index Fund Nippon India Mutual Fund₹16 Cr+0.02 L
Nippon India Nifty Auto ETF Nippon India Mutual Fund₹9 Cr+0.04 L
SBI Nifty Midcap 150 Index Fund SBI Mutual Fund₹7 Cr+0.02 L

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

12 added, 1 trimmed — net −1.04 L shares (−3.5%)

Funds are sitting on
+2%
vs est. average cost
Held by funds
₹364 Cr
14 schemes · ≈ 0.43% of the company
Biggest holder
SBI Automotive Opportunities Fund
₹168 Cr · 2.6% of that fund
Longest holder
Nippon India ETF Nifty Midcap 150
6y 3m · since Jun '20

Shares held by these funds −70%

Aug '23 29.78 L shares Jul '26

What the price assumes

Expensive

To justify its price of ₹1202, this stock must grow earnings at 33% every year for 7 years. Our analysis caps realistic growth at ~22%. At that growth it is worth ₹684 — downside of 43%.

Growth the price implies
33.4% a year
for 7 years, fading to 4%
It has actually compounded at
22.4% a year
net profit, FY23–FY26 · EPS 22.0%
The gap
0.1 pp
-43% downside if it only repeats history
Price today ₹1,201.6 Value at the reference growth ₹684.05

Change the assumptions yourself →

All earnings calls (6)

Read the Q1 FY27 call →

Learn to analyse Uno Minda

Guides on how to read this kind of business and the numbers that matter.