SYNOPSIS: World brokerages Nomura and CLSA reaffirmed bullish views on Uno Minda, elevating goal costs to Rs. 1,493 and Rs. 1,482, citing sturdy EV capability enlargement, resilient Q2 efficiency, and 24 % projected income CAGR for FY26-FY28.
Throughout Monday’s buying and selling session, shares of a worldwide know-how chief in automotive parts and techniques manufacturing surged practically 8 % on the inventory exchanges, following “Purchase” and “Outperform” rankings reaffirmed by international brokerage companies, Nomura and CLSA.
With a market cap of Rs. 75,909.6 crores, shares of Uno Minda Restricted closed within the inexperienced at Rs. 1,316.9 on BSE, up by round 7 %, in comparison with its earlier closing worth of Rs. 1,229.2.
The inventory has delivered optimistic returns of round 43 % in a single yr, and has gained by practically 8 % within the final one month.
Brokerage Goal & Outlook
World brokerage agency Nomura has reaffirmed its ‘Purchase’ score on Uno Minda Restricted and revised its goal worth upward to Rs. 1,493 per share from Rs. 1,430 earlier, implying a possible upside of greater than 13 % from its Monday closing degree. The brokerage highlighted that the corporate’s increasing capability within the electrical car (EV) phase stays a key progress driver, reflecting Uno Minda’s growing market share and powerful positioning within the evolving mobility panorama.
Equally, CLSA has maintained its ‘Outperform’ score on Uno Minda whereas elevating the goal worth to Rs. 1,482 per share from Rs. 1,472, indicating a possible upside of practically 13 %. The brokerage believes that the discount in GST charges might act as a requirement catalyst for each two-wheelers and passenger automobiles, thereby supporting a stronger income trajectory for Uno Minda within the coming quarters.
The upward revisions come on the again of strong Q2 FY26 outcomes, the place the corporate’s working efficiency surpassed CLSA’s expectations, delivering an EBITDA margin of 11.5 % regardless of the preliminary bills associated to the launch of latest greenfield tasks.
Wanting forward, CLSA forecasts a 24 % income CAGR for Uno Minda over FY26-FY28, which is estimated to be about 2.5 instances the projected business progress for two-wheeler and four-wheeler volumes. The agency attributes this optimistic outlook to new product introductions, premiumisation traits, and rising pockets share per buyer throughout product classes.
CLSA’s revised Rs. 1,484 worth goal is derived from a valuation a number of of 42x December 2027E EPS, underscoring continued confidence in Uno Minda’s long-term progress momentum and operational execution.
Monetary Efficiency:
Uno Minda reported a major progress in its income from operations, exhibiting a year-on-year enhance of greater than 13 % from Rs. 4,245 crores in Q2 FY25 to Rs. 4,814 crores in Q2 FY26.
Throughout the identical interval, its web revenue elevated from Rs. 266 crores to Rs. 323 crores, representing an increase of greater than 21 % YoY.
Uno Minda Restricted is a worldwide know-how chief in auto parts and techniques manufacturing, supplying to main OEMs on the earth. It’s engaged within the enterprise of producing and buying and selling of auto parts, together with lighting, alloy wheels, horns, seating techniques, seatbelts, switches, sensors, controllers, handlebar assemblies, wheel covers, and so on.
The corporate designs and manufactures over 28 classes of parts and techniques for automobiles throughout all segments (passenger automobiles, business automobiles, 2- and 3-wheelers), catering to each inner combustion engines (ICE) and electrical/hybrid automobiles.
Written by Shivani Singh
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