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Indian auto-components maker supplying switches, lighting, alloy wheels and other parts to two-wheeler and passenger-vehicle OEMs.
Indian auto-components maker supplying switches, lighting, alloy wheels and other parts to two-wheeler and passenger-vehicle OEMs.
Is paid per part supplied to carmakers and two-wheeler makers, with orders won years before a vehicle launches, so volume follows its customers' sales. Several lines, such as lighting and switches, came through technology partnerships with Japanese and other global makers. It also sells replacement parts, and the Minda family group controls it.
In one line: India's Aptiv/Magna for two-wheelers.
Moat: narrow (customer qualification, process know-how, scale). Long-standing OEM qualification and a broad component portfolio built through joint ventures with global partners.
Headquarters: Gurugram, India · Founded: 1958 · Employees: 28,053
Size UNO Minda (UNOMINDA.NS) is an India Consumer Discretionary company (Auto Parts: OEM) with a market value of $8.11B, the 145th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹1,326 on 6 Nov 2026.
Performance Over six months the shares gained 15.7%, against -10.9% for the median peer and 0.0% for the India market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue grew 18.8% over the last twelve months (peer median +5.5%); the operating margin is 7.5% (peer median 8.4%).
Valuation It trades at 53.6× forward earnings against a peer median of 20.5× (3rd most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 47% a year for seven years (Req g). Recent delivered growth is +25%, so the hurdle is +22 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 1.0 points above its cost of capital (15.1% WACC).
Next results Next results expected around 14 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹207B | ₹195B | ₹167B | ₹140B | ₹112B |
| Revenue growth | — | +17% | +19% | +25% | — |
| Gross profit | ₹38.3B | ₹25.6B | ₹21.6B | ₹17.9B | ₹13.5B |
| EBITDA | ₹22.8B | ₹21.0B | ₹17.8B | ₹15.4B | ₹11.9B |
| Net income | ₹12.0B | ₹12.0B | ₹9.43B | ₹8.75B | ₹6.54B |
| Free cash flow | n/a | ₹1.27B | -₹6.18B | -₹1.15B | -₹1.94B |
| Capital expenditure | n/a | ₹15.7B | ₹16.6B | ₹10.5B | ₹9.70B |
| Total debt | n/a | ₹27.4B | ₹24.7B | ₹17.1B | ₹14.0B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| UNO Minda UNOMINDA.NS | $8.11B | +16% | +19% | 8% | 53.6× | 46.9% |
| Sona BLW Precision Forgings SONACOMS.NS | $5.94B | +56% | +42% | 17% | 63.7× | 48.2% |
| Samvardhana Motherson International MOTHERSON.NS | $17.9B | +22% | +14% | 6% | 30.2× | 30.9% |
| Varroc Engineering VARROC.NS | $1.28B | +40% | +22% | 6% | 31.5× | 29.9% |
| Lumax Industries LUMAXIND.NS | $539M | 0% | +29% | 6% | 22.4× | 22.7% |
| Endurance Technologies ENDURANCE.NS | $3.71B | -1% | +32% | 8% | 32.3× | 29.9% |
| Bosch BOSCHLTD.NS | $15.8B | +34% | +14% | 12% | 49.7× | 46.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | UNOMINDA.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +20.0% | +1.3% | 3rd highest of 21 |
| 6-month return | +15.7% | -10.9% | 3rd highest of 21 |
| Distance from 52-week high | -2.1% | -29.3% | 2nd highest of 21 |
| Revenue growth (TTM) | +18.8% | +5.5% | 4th highest of 21 |
| Operating margin | 7.5% | 8.4% | 10th lowest of 21 |
| Forward P/E | 53.6× | 20.5× | 3rd most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 46.9% | 8.3% | 2nd most demanding of 16 |
| Growth delivered (Del g) | +25.0% | +7.7% | 2nd highest of 16 |
| Hurdle (Req g minus delivered) | +21.9 pp | -3.7 pp | 2nd most demanding of 16 |
| ROIC minus cost of capital | +1.0 pp | +2.0 pp | 9th lowest of 21 |
| EV / EBITDA | 33.6× | 8.9× | 3rd most expensive of 13 |
| Net debt / EBITDA | 1.0× | 1.1× | 6th least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| UNO Minda UNOMINDA.NS | India | $8.11B | +16% | +19% | 8% | 53.6× | 46.9% | +25.0% |
| HELLA GmbH & Co. KGaA HLE.DE | Germany | $8.26B | -7% | -1% | 5% | 34.7× | 2.4% | +6.1% |
| Huayu Automotive Systems 600741.SS | China | $7.87B | -11% | +1% | 3% | 7.9× | -15.5% | +6.6% |
| Autoliv ALV | United States | $8.89B | +2% | +4% | 10% | 11.0× | 2.6% | +7.7% |
| Niterra 5334.T | Japan | $9.01B | +5% | +16% | 19% | 9.9× | 4.0% | +11.3% |
| Huizhou Desay SV Automotive 002920.SZ | China | $7.12B | -23% | +12% | 7% | 17.5× | n/a | n/a |
| Allison Transmission ALSN | United States | $9.65B | -6% | +71% | 20% | 11.0× | 2.6% | +7.7% |
| Donaldson DCI | United States | $9.77B | -2% | +5% | 16% | 19.5× | 8.3% | +6.4% |
| Aisin 7259.T | Japan | $9.78B | -14% | +6% | 4% | 10.0× | -0.3% | +7.7% |
| Anhui Jianghuai Automobile 600418.SS | China | $6.48B | -60% | +23% | -2% | 44.4× | n/a | n/a |
| Trelleborg TREL-B.ST | Sweden | $10.1B | +19% | +2% | 19% | 22.9× | 9.6% | +2.6% |
| Zhejiang Sling Intelligent Drive 301550.SZ | China | $6.34B | +14% | +7% | 19% | 230.9× | n/a | n/a |
| Wanxiang Qianchao 000559.SZ | China | $6.24B | -22% | -4% | 8% | 36.7× | 21.2% | +4.2% |
| Kuang-Chi Technologies 002625.SZ | China | $6.05B | -52% | -7% | 20% | 21.6× | n/a | n/a |
| Sona BLW Precision Forgings SONACOMS.NS | India | $5.94B | +56% | +42% | 17% | 63.7× | 48.2% | +23.6% |
| Schaeffler SHA0.DE | Germany | $5.83B | -45% | -1% | 2% | 18.4× | 10.7% | +13.3% |
| Ningbo Tuopu 601689.SS | China | $11.7B | -26% | +11% | 9% | 29.9× | 15.3% | +35.4% |
| Brembo BRE.MI | Italy | $5.62B | -11% | -3% | 7% | 13.7× | 17.3% | +10.9% |
| Cummins India CUMMINSIND.NS | India | $11.9B | -25% | +15% | 19% | 43.5× | 39.5% | +22.7% |
| Lear LEA | United States | $5.31B | -21% | +4% | 4% | 6.9× | -1.3% | +6.4% |
| Jiangsu Xinquan Automotive Trim 603179.SS | China | $5.07B | +5% | +12% | 6% | 33.5× | n/a | n/a |