Uno Minda Ltd
Brief
- It is a technology leader in the auto components industry and a leading tier-1
- Supplier of proprietary automotive solutions to OEMs- Market Leadership
- The company is the largest Switch Player in India and second-largest globally in horn segment
- Partnership with 14 Global technology players
- The Company manufactures 20+ Product categories for OEM’s which includes : Alternate Fuel Systems; Air Filtration Systems; Canisters; Brake Hoses & Fuel Hoses; Combined Braking System (CBS); Noise Suppressor Cap etc.
Mega Trends
- Entry into EV vehicles. The company has now 5 E.V products which are in the production stage now. launched few new products specifically for EV range from our existing divisions like sensors
- Capex completion in current year.
Actions
- Had broken out with high volumes. Above crucial EMAs of 9,13 and 21.
- Strong trend with ADX of 56
- ATH sustained on weekly basis as indicated by DC line
- NO Bulk/Block deal. No promoter buying
Competitive Advantage
- It has 10 R & D Centers globally and spends 2.5% of its revenue on R&D.
- It has currently 75+ R&D technology projects on hand.
- Multiple Manufacturing Plants- It has 62 manufacturing plants across the globe including India, Indonesia, Vietnam. JVs/ Technical Agreements with technology leaders from Japan, Italy, and Taiwan
Improvement
- New Projects: MNDA commissioned its 3rd line of its 2W alloy wheel in FY21.
Commissioning of 4th line by 2QFY22E,
- The management announced its 3 new projects for FY22:
- Additional capacity for 4W lighting in Gujarat with a capex of Rs900mn.
operational by 4QFY22.
- Ongoing expansion of 4W alloy wheel capacity at Bawal (with Rs1.7bn capex),
operational by 4QFY22.
- Commissioning a blow molding plant at Bangalore with a capex of Rs570mn
New
- The management announced its 3 new projects for FY22:
- New product launch : Added two more products in EV 2W/3W
Over the recent years, despite a sharp slowdown in the underlying domestic automotive industry and pandemic- induced disruptions, MIL has been able to grow its revenues consistently (13% CAGR over FY 2018-FY 2021) while maintaining steady profitability, aided by an expanding product portfolio, as well as new orders secured across product categories and Original Equipment Manufacturers (OEMs).
