Global Automotive Industry – The global automotive sector is very large and has huge competition that includes design, product development, production, and sale of motor vehicles. It plays important role in world economy, by making contribution to employment, and technological improvement. Modernisation in technology such as autonomous driving, electric vehicles, connectivity, and shared mobility are developing the future of sector. Durability and environmental issues are responsible for growth of electric vehicles and substitute fuels.
Global Motor Vehicles – In 2023, the production of motor vehicle at world level touched 93.5 Million Units by rising 10% compared to previous year. This development will show positive results in the sector, which has resulted in increment in auto sector being supported by increased management of distribution channel and recollection of inventory. The passenger vehicle market at world level faced many issues and challeneges in 2023. The Asia-Pacific region appeared as top player in production of motor vehicle and sales. The region has attained top position due rise in income, specially in India. The production of vehicles in China has observed 12% growth led by huge demand at world level for electric vehicles and increment in commercial vehicle sales, which has led to attain top position in the market.
Global Motorcycle Industry – In past few years, the market size of two wheeler sector at world level has achieved amazing growth, which has led to rising urbanisation, increase income levels and increasing requirement of individal to travel. By 2023, the market size has increased to USD 130 billion. The Motorcycle production at world level was 52 million units in FY-2021 and 50 million in FY-2022 and is forecasted to increase to 54 million units in FY-2023. The Asia-Pacific region increased as main player, with India has attained top position as world’s largest share, this is possible due to legal compliance and rising popularity of local manufacturers. The Electric two-wheeler sector at world level is facing amazing growth, supported by rising environmental issues and increasing requirements of sustainable transporting solutions.
There are many factors such as increase in fuel prices and people shifting towards green transportation to reduce carbon footprint, has increased the demand of EV two-wheelers globally. The forecasts shows that this development path will continue with projections estimated to reach USD 230.7 billion by 2032, showing a stable CAGR of 6.58% during the projected period 2024 to 2032. This increment in the sector is highlighted by huge increment in worldwide sales of scooters, motorcycles, and registered mopeds with a total number of 62.6 million units with noteworthy growth of 2.7% compared to previous year.
Electric Vehicles – The sales of Electric car in 2023 was 3.5 million units which is 35% higher compared to FY-22. In FY-23, 13.6 million electric vehicles were sold at world level out which 9.5 million fully electric or battery electric vehicles and remaining contribution made by Plug-in Hybrid Electric Vehicles. Out of total cars sold in 2023, the market share of electric cars was 18% which is 14% higher compared to FY-22. The market size of electric vehicles at world level was estimated to USD 386.45 billion in 2022 and is forecasted to increase from USD 500.48 billion in 2023 to USD 1579.10 billion in 2030 which shows a CAGR of 17.8% during projected period of 2023 to 2030. In this article, we will learn interesting information about Uno Minda Ltd Share Price Target, market cap, ROCE, ROE, revenue, net profit, shareholding pattern, promoters, employees.
Uno Minda Ltd – Key Points
Name of the promoter
Minda Investments Ltd
Industry
Auto components
Established
1958
Headquarters
Gurgaon
Employees
32,000+
Skilled engineers
1200+
Manufacturing units
74
Uno Minda Ltd – Statistics
Market cap
Rs 46,740 crores
ROCE
19.9%
ROE
18.9%
Product lines
26
Designs filed
463
Patent applications
444
R&D engineering centres
37
About Uno Minda Ltd
Uno Minds Limited (also known as “Uno Minda”) is top player in manufacturing and supplier of auto components and systems to OEMs as Tier-1. The company has huge experience of 6 decades in automotive sector. Uno Minds is always loyal, with wide variety of over 28 products, in-built with 74 modern manufacturing units at international level including India, Vietnam, Spain, Mexico, Indonesia. The main products of company includes automotive lightning systems, automotive acoustics systems, automotive switching systems, sensors, controllers, automotive seating systems, alloy wheels, and EV-specific. The company has achieved top position in all the products it manufactures. The major product lines are engine agnostic, the company has developed strong product portfolio for EV specific components for e-2W, e-CV, e-PV, e-3W. The company has established strong footprint across 12 countries supported by dedicated talented team of 32,000 employees.
The company fulfills requirement of various clients at world level, UNO Minda provides extensive product basket customized to fulfill both domestic and global markets. The company has made strong commitment to scale its business is observed by increasing capacity, diverisfying product portfolio, and increasing distribution channels, giving preference to modernisation in infrastructure, technology, research and development. The company has established strong command in B2C aftermarket segment with its strong presence as first priority among OEMs. In past few years, the company has build strong supply chain across country covering 600 districts and 7000+ Pin codes fulfilling requirements opff more than 1 lakh channel partners.
Modern technology and consistent improvement are two strong pillars of any company, based on which it has achieved strong position in automotive industry. The company has talented team of 1200+ skilled engineers in 37 R&D and engineering centres across India, Spain, Taiwan, and Germany. This amazing team of employees encouraged our efforts in supplying products at local level and consistent improvement which has resulted in filing over 444 patent applications and attaining 463 design registrations by developing strong position in automotive industry. The company has in-built team of research and development, the company has acquired modern technologies by collaborating with well-known foreign technology to reduce time to touch the market and fulfill customers immediate requirements. Moreover, the company has 19 JVs Technical agreements with top manufacturers at world level in Korea, Germany, China, and Japan.
Business segments
Switching business – The company has huge dedication to build top position worlwide is one of the top players of switching systems and handlebar assemblies among vehicle segments. The company offers wide vrange of products for OEMs, the company has achieved expertise in building best quality products to fulfill various needs of automotive sector. The company has attained huge market share in Indian OEMs and is developing presence at global level, the division has attained proud on itself of strong commitment to provide genuine, cost-effective, and innovative products.
Lighting business – The company started production of automotive lights in 1980, since then the company is top manufacturer of of lamp in India. The company is popular for its strong commitment by building modern and affordable lighting solutions for two-wheelers, three-wheelers, and off-road vehicles. The foundation of company’s growth lies in independent model, which has encouraged to improve and adopt to emerging market requirements. The company is presenting modern technologies in lighting business that provide increased performance, safety, and aesthetics.From OLED Lighting to adaptive lighting, illuminated badges, interior moonlighting, logo projection. The company’s wide product forfolio fulfills various requirements of automotive sector. Taking advantage of global R&D and design centres, the lighting business of company crosses its boundary of lighting technology, by providing end solutions to India top OEMs and developing strong position as top player in automotive lighting segment.
Acoustics business – The company’s acoustics vertical has achieved unique posistion as India’s first manufacturer of automobile horns with amazing market share. The company has achieved expertise in manufacturing best quality acoustics solutions, this segment fulfills various requirements of vehicles including two wheelers, three wheelers, commercial vehciles, and off-road vehicles.
Castings business – The company’ casting business includes production of alloy wheels for both four and three wheelers along with aluminium die casting components. The annual production capacity of 4.5 million wheels for four wheelers and 6 million wheels for two-wheelers. The company has occupied top position in both segments. The company’s casting segment was established in 2011 developed through Merger of MJ Casting Limited with UNO Minda Limited in 2019 which is top manufacturer of die castings in India. The company is extensively increasing its PV alloy wheel capacity. The company started 30,000 per month wheel line in the Gujarat plant, the PV alloy wheel production capacity stands at 390,000 wheels per month operating at 100% capacity. The company has started all three lines of 2 million wheel expansion at its 2W alloy wheel plant at Supa Maharashtra.
Seating business – In April 2021, the company’s seating business evolved due to merger between Harshita Seatings System Limited (HSSL) with Uno Minda. This smart move developed strong position of the company as top player in automotive systems solutions. The company has attained expertise in production of automotive seats for three-wheelers, two-wheelers, off-road vehicles, and commercial vehicles. The seating business also manufactures variety of products such as PU composites, MCU, two/three wheeler seats, Polyurethane foam pads, and interior modules for automobiles. To build strong posistion the company has entered into joint venture with TACHI-S company Limited, a top player in seat systems located in Tokyo, Japan in September 2022.
EV business – The company started its journey into electrification in 2017-18 by accepting two strategy. In the initial stage, the focus was on improving existing products for electrification such as shifting from traditioonal bulb to LED headlamps and tailamps and customizing high current switches to low current switches with connectivity. Moreover, the company took steps to increase operating voltages of Electronic Control Units (ECUs). The product portfolio of EV segment includes extensive range of products such as on-board chargers, BMS, RCB cables, off-board chargers, smart plugs, sound boxes, telematics, body control modules.
Sensor and ADAS business – The sensor segment of company provides comprehensive rage of modern products developed both for two-wheelers and four-wheelers along with off-road vehicles. The temperature control sensors, engine and exhaust sensors, contact and non-contact type speed sensors, magnetic sensors the company has attained top position as best auto component brands.
Revenue and net profit
Particulars
FY-24 (Rs. in crores)
Sales
14,031
Expenses
12,446
EBITDA
1,585
Other income
246
Interest
113
Depreciation
526
Profit before tax
1,192
-Tax%
22%
Net profit
925
EPS in Rs.
15.33
Balance Sheet
Assets
Rs
Liabilities
Rs
Equity Capital
115
Fixed assets
3,931
Reserves
4,828
CWIP
216
Borrowings
1,706
Investments
951
Other Liabilities
3,235
Other assets
4,786
Total liabilities
9,884
Total assets
9,884
Shareholding Pattern (Dec. 2024)
Promoters
68.75%
FIIs
9.88%
DIIs
15.45%
Public
5.91%
Uno Minda Ltd – Watch Full Video
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Uno Minda Ltd Share Price Target – 2025 to 2040
Year
Minimum price (Rs)
Average price (Rs)
Maximum price (Rs)
2025
813
867
920
2026
927
996
1065
2027
1075
1144
1212
2028
1215
1298
1381
2029
1385
1522
1658
2030
1662
1698
1734
2035
3324
3444
3564
2040
6648
6836
7024
Uno Minda Ltd Share Price Target – 2025
If market observes bearish sentiments, the minimum projected price is estimated to reach Rs 813. The average trading price is projected to hit Rs 867 at the mid of the year. If market observes bullish sentiments, the maximum projected price is expected to reach Rs 920. Uno Minda Kyoraku Limited (UMKL), a subsidiary of Uno Mina Ltd has achieved unique position in automotive blow moulded products sector. The company is well known for its amazing product portfolios such as Spoilers, Deck Boards, IP ducts, Washer bottles, EA pads, Desk boards. The company manages 3 manufacturing units located at bawal, Bangalore, and Devakada. UMKL is increasing its business by establishing new greenfield plant in Bangalore in FY 2020-21.
Uno Minda Ltd Share Price Target – 2026
If market faces downward signals, the minimum projected price is estimated to reach Rs 927. The average trading price is projected to hit Rs 996 at the mid of the year. If market observes bullish sentiments, the maximum forecasted price is expected to reach Rs 1065. Uno Minda’s aftermarket segment emerges as main player in India’s automotive sector supported by systematic merger that integrated Minda Distribution Services Lts with Uno Minda Ltd wef from 1st April 2019. The company has huge focus to setup well known worldwide distribution entity for Uno Minda products. The company has made strong commitment to attain top position in electrical components for two and three wheelers.
Uno Minda Ltd Share Price Target – 2027
If market faces bearish signals, the minimum projected price is estimated to reach Rs 1075. The average trading price is forecasted to hit Rs 1144 at the mid of the year. If market observes bullish sentiments, the maximum projected price is expected to touch Rs 1212. The company has deep experience in manufacturing which is key to success. The company consistently builds modern manufacturing units assuring best quality performance. The company gives importance to complete manufacturing guidelines, process refinement, and automation has resulted increment in production, best quality.
Uno Minda Ltd Share Price Target – 2028
If market faces bearish signals, the minimum projected price is estimated to reach Rs 1215. The average trading price is forecasted to hit Rs 1298 at the mid of the year.If market observes bullish sentiments, the maximum projected price is estimated to reach Rs 1381. The company is top manufacturer and supplier of automotive solutions and systems to OEMs. The amazing growth is marked by culture that supports improvement in product, developing the base for building amazing products. These products are precisely designed to provide best value to customers through effective manufacturing process.
Uno Minda Ltd Share Price Target – 2029
If market faces bearish signals, the minimum forecasted price is expected to reach Rs 1385. The average trading price is projected to hit Rs 1522 at the mid of the year. If market observes bullish sentiments, the maximum projected price is estimated to hit Rs 1658. The company has wide range of products segments including switches, lights, alloy wheels, seats offering a wide range of vehicles from 4 wheelers to commercial vehicles. The company has developed strong footprint in national and global markets. This amazing diversification builds strong company’s position as best player in automotive segment providing unique solutions and fulfilling customer requirements.
Uno Minda Ltd Share Price Target – 2030
If market observes bearish signals, the minimum projected price is estimated to reach Rs 1662. The average trading price is projected to hit Rs 1698 at the mid of the year. If market observes bullish signals, the maximum forecasted price is anticipated to reach Rs 1734. The company has 37 R&D and Engineering centres in India, Japan, Spain, South Korea, Germany. The company has unique modern technologies. The company is proud of itself from unique elements that keeps us ahead in automotive components segment, keeping us separate form our competitors.
Uno Minda Ltd Share Price Target – 2035
If market observes bearish signals, the minimum forecasted price is estimated to hit Rs3324. The average trading price is projected to hit Rs 3444 at the mid of the year. If market observes bullish sentiments, the maximum projected price is expected to reach Rs 3564. The lighting segment has achieved major revenue which shows strong growth and amazing improvement in products in automotive lighting segment. The company has started new 4W lighting plant in Gujarat, the company started production of India’s first amazing 4 feet long tail lamp which has increased to three more tail lamps throughout the year for different OEMs.
Uno Minda Ltd Share Price Target – 2040
If market faces bearsh signals, the minimum projected price is estimated to reach Rs 6648. The average trading price is projected to hit Rs 6836 at the mid of the year. If market observes bullish sentiments, the maximum projected price is expected to touch Rs 7024. It is important to note that passenger car exterior lighting business has achieved amazing orders and observed improvement in technology in tail lamps. The company has developed strong footprint and increasing portfolio, the company is ahead in LED adoption specially in 2W segment. The segment systematic growth in Pune has highlighted its commitment to fulfill increasing requirements and staying ahead of its competition.
FAQs
Q1) Who is the owner of Uno Minda Ltd?
Ans – The owner of Uno Minda Ltd is Mr. Nirmal K. Minda.
Q2) What does Uno Minda Ltd do?
Ans – The company is global manufacturer of automotive components and systems, supplying to OEMs as a Tier-1 supplier with huge focus on creative products and solutions for various vehicle segments.
Q3) What is the debt of Uno Minda Ltd do?
Ans – The Long-term borrowings is Rs 1,033 crores and short-term borrowings is Rs 940 crores. The company is earning sufficient profits to repay its debt.
Q4) What is turnover of Uno Minda Ltd do?
Ans – The turnover of Uno Minda Ltd in FY-13 was Rs 1,340 crores which has increased to Rs 14,031 crores in FY-24.
Q5) Who are the competitors of Uno Minda Ltd?
Ans – The competitors of Uno Minda Ltd are Bosch, Shriram Pistons, Gabriel India, Sharda Motor Industries, Banco Products, Samvardhana Motherson.
Q6) What is the old name of Uno Minda Ltd?
Ans – The old name of Uno Minda Ltd was Minda Industries Ltd.
Q7) What is the PE ratio of Uno Minda Ltd?
Ans – The PE ratio of Uno Minda Ltd is 49.7.
Q8) Is Uno Minda Ltd a good share to buy?
Ans –Yes,Uno Minda Ltd a good share to buy for long-term purpose. The net profit in FY-13 was Rs 28 crores which has increased to Rs 925 crores in FY-24. The share price of company in 2007 was Rs 6 which has increased to Rs 813.8 in FY-25 generating returns of almost 13,463.33% in past 18 years.
