|
15 Jul 2025 |
UNO Minda
|
Consensus Share Price Target
|
1105.90 |
1126.41 |
- |
1.85 |
buy
|
|
|
|
|
10 Aug 2022
|
UNO Minda
|
Axis Direct
|
1105.90
|
600.00
|
537.35
(105.81%)
|
Target met |
Buy
|
|
|
We arrive at a TP of Rs 600 (from Rs 550), using a PE multiple of 36x (up from 32x) on FY24E EPS and retain a BUY rating on the stock indicating an upside of 11% from the CMP.
|
|
10 Aug 2022
|
UNO Minda
|
ICICI Securities Limited
|
1105.90
|
594.00
|
549.50
(101.26%)
|
Target met |
Accumulate
|
|
|
UNO Minda revenue grew by 59.5% yoy at INR 25,552Mn (5.8% qoq, ~1.2% below KRC estimates) backed by ease in supply side constraints; rise in 2W volumes / PVs segment owing to pick up in demand led by new launches.
|
|
09 Aug 2022
|
UNO Minda
|
ICICI Direct
|
1105.90
|
650.00
|
549.50
(101.26%)
|
|
Buy
|
|
|
|
|
07 Jul 2022
|
UNO Minda
|
ICICI Direct
|
1105.90
|
575.00
|
496.55
(122.72%)
|
Pre-Bonus/ Split |
Buy
|
|
|
|
|
31 May 2022
|
UNO Minda
|
Geojit BNP Paribas
|
1105.90
|
1076.00
|
880.65
(25.58%)
|
Pre-Bonus/ Split |
Buy
|
|
|
|
|
26 May 2022
|
UNO Minda
|
Anand Rathi
|
1105.90
|
1106.00
|
911.00
(21.39%)
|
Pre-Bonus/ Split |
Buy
|
|
|
|
|
26 May 2022
|
UNO Minda
|
Emkay
|
1105.90
|
1135.00
|
911.00
(21.39%)
|
Pre-Bonus/ Split |
Buy
|
|
|
|
|
26 May 2022
|
UNO Minda
|
Axis Direct
|
1105.90
|
1100.00
|
892.45
(23.92%)
|
Pre-Bonus/ Split |
Buy
|
|
|
We maintain our BUY rating with a revised target price of Rs 1,100/share (Rs 1,250 earlier), valuing the stock at 32x FY24E EPS, indicating an upside of 32% from the CMP.
|
|
25 May 2022
|
UNO Minda
|
ICICI Direct
|
1105.90
|
1050.00
|
889.85
(24.28%)
|
Pre-Bonus/ Split |
Buy
|
|
|
|
|
23 Feb 2022
|
UNO Minda
|
Geojit BNP Paribas
|
1105.90
|
1126.00
|
947.80
(16.68%)
|
Pre-Bonus/ Split |
Buy
|
|
|
Minda Industries Ltd (MIL) is a diversified auto ancillary supplier, manufacturing products such as switches, horns & lights. MIL holds a leadership position in switch business with a market share of 67%. Despite production cut due to semi conductor shortage consolidated revenue grew by 7%YoY (largely in line with estimate) and outperforming the industry de-growth of 20%. This was Mainly on account of new customer addition in 2W/4W, new contents, BS-VI transition & leveraging the existing client base....
|