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11 Sep 2025 |
UNO Minda
|
Consensus Share Price Target
|
1279.60 |
1212.95 |
- |
-5.21 |
buy
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08 Feb 2022
|
UNO Minda
|
Chola Wealth Direct
|
1279.60
|
|
1058.00
(20.95%)
|
Pre-Bonus/ Split |
Economy Update
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Background Established in 1958, Minda Industries (MIL) is a flagship Company of UNO MINDA GROUP and one of the leading suppliers of proprietary automotive solution to OEMs. Headquarter at Manesar, Gurgaon, the company has 62 plants globally and R&D centers spread across the globe in 8 locations. The company offers a wide range product across different verticals of auto components like switching systems, lighting systems, acoustic systems and alloy wheels among others. It has more than 230 design registration and more than 30,000 touch points. Company has ~50% market share in switch segment thus leading automotive components...
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08 Feb 2022
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UNO Minda
|
Axis Direct
|
1279.60
|
1250.00
|
1026.35
(24.67%)
|
Pre-Bonus/ Split |
Hold
|
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We upgrade our rating from HOLD to BUY with a revised target price of Rs 1,250 (Rs 1,000 earlier), valuing the stock at 32x FY24E EPS, indicating an upside of 12% from the CMP.
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08 Feb 2022
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UNO Minda
|
ICICI Securities Limited
|
1279.60
|
1115.00
|
1026.35
(24.67%)
|
Pre-Bonus/ Split |
Hold
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14 Dec 2021
|
UNO Minda
|
Geojit BNP Paribas
|
1279.60
|
1088.00
|
1047.75
(22.13%)
|
Target met |
Buy
|
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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 Q2FY22...
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13 Dec 2021
|
UNO Minda
|
ICICI Securities Limited
|
1279.60
|
1060.00
|
1038.60
(23.20%)
|
Target met |
Hold
|
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MIL guided for: (i) expansion in alloy wheel capacity across the 2-W & 4-W segments at a capex outlay of ~| 264 crore; (ii) formation of JV (50.1% stake) with FRIWO AG for electric vehicle components for 2-W, 3-W with...
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13 Nov 2021
|
UNO Minda
|
Edelweiss
|
1279.60
|
1080.00
|
936.30
(36.67%)
|
Target met |
Buy
|
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Growth driven by new businesses
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12 Nov 2021
|
UNO Minda
|
Chola Wealth Direct
|
1279.60
|
812.00
|
936.30
(36.67%)
|
Target met |
Neutral
|
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Background Established in 1958, Minda Industries (MIL) is a flagship Company of UNO MINDA GROUP and one of the leading suppliers of proprietary automotive solution to OEMs. Headquarter at Manesar, Gurgaon, the company has 62 plants globally and R&D centers spread across the globe in 8 locations. The company offers a wide range product across different verticals of auto components like switching systems, lighting systems, acoustic systems and alloy wheels among others. It has more than 230 design registration and more than 30,000 touch points. Company has ~50% market share in switch segment thus leading automotive components...
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12 Nov 2021
|
UNO Minda
|
ICICI Securities Limited
|
1279.60
|
940.00
|
936.30
(36.67%)
|
Target met |
Hold
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16 Sep 2021
|
UNO Minda
|
Axis Direct
|
1279.60
|
|
732.75
(74.63%)
|
Pre-Bonus/ Split |
Buy
|
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Our Pick: From the auto component stocks under our coverage, we expect Minda Industries and Minda Corp to benefit from this scheme.
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17 Aug 2021
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UNO Minda
|
Axis Direct
|
1279.60
|
730.00
|
731.20
(75.00%)
|
Target met |
Hold
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We downgrade our rating to HOLD on expensive valuations of the stock with a target price of Rs 730 (earlier target Rs 704), implying an upside of 5% from CMP.
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