Uno Minda Limited

About Uno Minda Limited bond.

This comprehensive profile covers key factual information about Uno Minda Limited. Uno Minda Limited (erstwhile Minda Industries Limited; changed w.e.f. July 14, 2022), the flagship company of the Uno Minda Group, is one of the most diversified auto component manufacturers in India with a presence across multiple product segments, including automotive switches, lighting, acoustics, alloy wheel and die-casting, seatings, and others. The company enjoys market leadership across products, being the largest supplier of switches for passenger vehicles (PVs) and two wheelers (2Ws) as well as for automotive horns in India. Furthermore, it is the largest manufacturer of PV alloy wheels by capacity. Additionally, UML is the third largest player for automotive lighting products and a leading player in the automotive seating space for commercial vehicles, tractors and 2Ws. It also enjoys a leading position in other product segments such as blowmoulded products, air filters, air bags, infotainment systems, etc, through its subsidiaries/JVs. Over the years, UML scaled up substantially and diversified its business profile through acquisitions, scale-up in greenfield projects, and consolidation of Group companies (in the auto component business). The company has also set up multiple JVs with global automotive majors, which have helped it expand its product portfolio besides strengthening its content per vehicle with Original Equipment Manufacturers (OEMs) as well as gain technological knowhow over the years. EPS in Mar-2024 was 15.33. Current ratio in Mar-2024 was 1.23. Debt/Equity in Mar-2024 was 0.46. Debt/EBITDA in Mar-2024 was 1.33. Interest coverage ratio in Mar-2024 was 11.55. Operating Cashflow to total debt in Mar-2024 was 0.40. Total revenue for March-2024 was ₹14,279.69. Net income for March-2024 stood at ₹880.31. Total assets as of Mar-2024 were ₹9,883.61. Operating cash flow for Mar-2024 was ₹979.34. The company’s borrowing relationships include HDFC Bank Limited (₹N/A Cr), JP Morgan Bank (₹N/A Cr), State Bank of India (₹N/A Cr), Axis Bank Limited (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), Citibank N.A. (₹N/A Cr), ICICI Bank Limited (₹N/A Cr), State Bank of India (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), Axis Bank Limited (₹N/A Cr), ICICI Bank Limited (₹N/A Cr). Peers and comparison entities consist of Uno Minda Limited, Samvardhana Motherson International Limited, Bosch Limited, Schaeffler India Limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Significant revenue growth in FY23; healthy growth likely in FY24; Strong EBITDA; likely to improve further over FY24-FY25; Sustained healthy credit metrics; Diversified operations; Sustained market position; Liquidity: Adequate. Key risks include: Losses/low profitability at joint ventures (JVs) and associates. Leadership team details include A G Giridharan (Chief Executive Officer), Amit Jain (Group Chief Technology Officer), Anand Kumar Minda (Non Executive Director), K K Khandelwal (Independent Director), Kundan K Jha (CEO - Light Metal Technology), Naveesh Garg (CEO - Electronics), Nirmal K Minda (Chairman & Managing Director), Rajeev Gandotra (CEO - Lighting), Rajiv Batra (Independent Director), Rakesh Kher (CEO - Aftermarket), Rakesh Mehta (Group Chief Human Resources Officer), Rashmi Urdhwareshe (Independent Director), Ravi Mehra (Deputy Managing Director), Satish Balkrishna Borwankar (Independent Director), Sunil Bohra (Group Chief Financial Officer), Tarun Kumar Srivastava (Company Secretary & Compliance Officer), Vivek Jindal (Whole Time Director). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.