• UNO Minda Ltd reported a Net income of 2.89 billion rupees for the 4th Quarter, an increase of 58% year on year (y/y), beating the estimated 2.35 billion rupees.
• The Revenue was 37.9 billion rupees, marking an increase of 31% y/y and just slightly above the estimate of 37.6 billion rupees.
• Total costs incurred by the company escalated to 35 billion rupees, up by 30% y/y.
• Finance costs rose to 319.9 million rupees, a 53% increase y/y, surpassing the estimated 286.1 million rupees.
• The company reported a pretax profit of 3.87 billion rupees, a sharp increase of 65% y/y, significantly higher than the estimate of 2.79 billion rupees.
• Dividend per share was declared at 1.35 rupees.
• In recent corporate actions, Minda approved fund raising worth 20 billion rupees.
• The company also announced acquisition of 1.97% stake of Toyoda Gosei Minda India.
• A decision was made for the expansion of Aw2w Plant at Ahmednagar.
• Minda approved the purchase of a 49% stake in Minda Nabtesco.
• Following these developments, shares rose 6.9% to 810.10 rupees on 677,418 shares traded.
• The current opinions of the market include 13 buys, 3 holds, and 1 sell.
A look at UNO Minda Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
UNO Minda Limited, a company that designs and manufactures auto components, is positioned for long-term growth. Smartkarma’s Smart Scores reveal a bright outlook for the company, with a strong score of 5 for Growth indicating substantial potential in this aspect. With a Momentum score of 4, UNO Minda is showing positive market momentum that could translate into sustained performance. Additionally, the company has received moderate scores for Value at 2, Dividend at 2, and Resilience at 3, suggesting a solid overall standing that aligns with its growth prospects.
UNO Minda‘s diverse range of products, including alternate fuel systems, brake hoses, and alloy wheels, cater to a global customer base. This broad scope of offerings positions the company well for continued success. As UNO Minda focuses on driving growth and maintaining market momentum, investors may find the company’s overall outlook appealing for long-term investment opportunities.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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