UNO Minda Share Price: Auto components maker Uno Minda on Saturday (May 16) said its profit after tax (PAT) grew 22 per cent year-on-year to Rs 326 crore in the January-March quarter, compared to the corresponding period of last year.
The company reported a bottom line of Rs 266 crore for the quarter ended March 2025.
The brokerage firm, Goldman Sachs, maintains a buy call. However, the firm has cut the target price to Rs 1,440 from Rs 1,500. Here’s why:
- The company’s Q4 revenue/EBITDA is broadly in line with estimates
- Company accelerating EV investments amid strong customer demand
- New EV casting and powertrain facility planned in Sambhajinagar
- Company wins IVI and CV orders with peak revenue potential of Rs 6 billion and Rs 3.9 billion
- Near-term margins impacted by commodity and labour costs
- Brokerage cuts FY27/FY28 EPS estimates by up to 6 per cent.
UNO Minda Share Price: Emkay views on auto components maker
The brokerage firm, Emkay, downgraded its rating to ‘Reduce’ from Add with a target price of Rs 1050 vs Rs 1300 ( Downside 1.7%), while cutting the multiple from 38x to 35x. Here’s why:
Uno Minda’s Q4 performance was steady, with consolidated revenue up 18% YoY.
Despite current geopolitical headwinds, the management reiterated its focus on scaling up core-business revenue via value-addition-led wallet share gains and new-product-led market share gains (new SOPs across product verticals), along with investment in emerging technology.
The management refrained from giving revenue growth guidance for FY27 vs 1.5x outperformance guidance in the past.
Per the management, the impact of the rising commodity prices and labour costs (due to revision of minimum wages) would be sizeable in Q1FY27.
Given the extraordinary circumstances, Uno Minda is already in active discussions with clients to shorten price adjustment cycles from quarterly/half-yearly to monthly (certain clients having aligned); the management maintains its 11% (+/-50bps) EBITDAM guidance for FY27 (adjusted for initial start-up costs of new plants).
The brokerage has cut FY27E/FY28E EPS by 15-16% on near-term margin stress and higher depreciation (7 new plants to come onstream in FY27 vs 2 in FY26).
Nuvama on UNO MINDA – Check latest target price
The brokerage firm, Nuvama, maintains a buy call with a target price of Rs 1270. Here’s why:
- The company’s Q4FY26 revenue grew 18% YoY, in line with the estimate
- Q4FY26 EBITDA slightly above estimate
- Growth drivers in place
- Bolstering R&D capabilities
- Cuts FY27E EBITDA by 2% to factor in cost pressures
- Reckon revenue/EPS CAGR at 14%/16% over FY26–28E
- Net debt/EBITDA likely to reduce from 1.2x in FY26 to 0.9x in FY28E
- UNO Minda Q4 results
The company’s consolidated revenue for the reporting quarter was seen at Rs 5,336 crore, up 18 per cent from Rs 4,528 crore in Q4FY25, it said.
This growth was broad-based and high-quality, driven by value-added features and volume expansion across the company’s core and emerging product offerings.
Uno Minda also achieved an EBITDA (earnings before interest, taxes, depreciation and amortisation) of Rs 603 crore for the March quarter of 2026 as against Rs 527 crore in the period year earlier, registering a year-on-year growth of 14 per cent, the company said.
For the full year ended March 31, 2026, PAT stood at Rs 1,166 crore (PAT (UML share excluding prior period income and exceptional item) as against Rs 943 crore in FY25, a y-o-y growth of 24 per cent while normalised consolidated revenue stood at Rs 19,589 crore (excluding prior period income) as against Rs 16,775 crore in financial year ended March 2025, Uno Minda said.
The Board has also recommended a final dividend of Rs 1.75 per share, 87.5 per cent of face value.
When combined with the interim dividend already distributed, the total dividend for FY26 would reach Rs 2.65 per share, amounting to Rs 153 crore, Uno Minda said.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
