The Economic Times daily newspaper is available online now.

    Buy UNO Minda, target price Rs 571: Axis Securities

    Synopsis

    UNO Minda, incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 30019.64 Crore) operating in Auto Ancillaries sector.

    Uno MindaAgencies
    On the back of growth drivers, including diversified portfolio, growth capex pipeline and strong order books, the brokerage forecasts Revenue/EBITDA/PAT CAGR of 22%/27%/42% over FY22-25E.
    Axis Securities has buy call on UNO Minda with a target price of Rs 571. The current market price of UNO Minda is Rs 524.Time period given by analyst is 3-4 weeks when UNO Minda price can reach defined target.

    UNO Minda, incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 30019.64 Crore) operating in Auto Ancillaries sector.

    UNO Minda key Products/Revenue Segments include Electronic Components, Sale of services, Other Operating Revenue for the year ending 31-Mar-2022.

    Financials
    For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 2892.92 Crore, up 12.79 % from last quarter Total Income of Rs 2564.87 Crore and up 35.50 % from last year same quarter Total Income of Rs 2135.05 Crore. Company has reported net profit after tax of Rs 153.56 Crore in latest quarter.

    The company’s top management includes Mr.Nirmal K Minda, Mr.Ravi Mehra, Mr.Anand Kumar Minda, Ms.Paridhi Minda, Mrs.Pravin Tripathi, Mr.Krishan Kumar Jalan, Mr.Rajiv Batra, Mr.Satish Balkrishna Borwankar, Mr.Rakesh Batra. Company has S R Batliboi & Co. LLP as its auditors. As on 30-09-2022, the company has a total of 57 Crore shares outstanding.

    Investment Rationale
    On the back of growth drivers, including diversified portfolio, growth capex pipeline and strong order books, the brokerage forecasts Revenue/EBITDA/PAT CAGR of 22%/27%/42% over FY22-25E.

    Promoter/FII Holdings
    Promoters held 70.11 per cent stake in the company as of 30-Sep-2022, while FIIs owned 9.06 per cent, DIIs 13.95 per cent.



    (Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more


    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

    Stories you might be interested in