UNO Minda Limited (UNOMINDA.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-40.3%

₹674.76

vs ₹1,129.70 price

Levered DCF

₹820.55

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	49.64×	54.21×	45.43×	42.12×	73.76×	70.22×	40.68×	31.61×
P/B	8.7×	8.93×	8.05×	6.62×	7.63×	6.42×	3.39×	5.29×
P/S	3.02×	3.07×	2.85×	2.47×	3.17×	2.27×	1.01×	1.53×
EV / EBITDA	24.69×	27.94×	25.07×	22.33×	28.5×	19.97×	10.3×	13.31×
Gross margin	19.0%	13.0%	12.8%	12.1%	11.2%	11.4%	37.7%	14.5%
Operating margin	7.9%	7.0%	7.2%	6.8%	5.8%	5.6%	20.7%	8.6%
Net margin	6.1%	5.7%	6.3%	5.9%	4.3%	3.2%	2.5%	4.8%
Current ratio	1.2×	1.26×	1.23×	1.21×	1.26×	0.96×	1.09×	1.17×
Debt / equity	0.4×	0.43×	0.35×	0.34×	0.27×	0.51×	0.71×	0.63×
Interest coverage	8.28×	6.87×	9×	11.08×	7.92×	4.87×	13.7×	8.06×
Dividend yield	0.2%	0.3%	0.3%	0.2%	0.1%	0.1%	0.7%	0.4%
Payout ratio	11.5%	15.2%	12.0%	8.8%	10.5%	4.6%	28.3%	12.4%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	17.5%	16.5%	17.7%	15.7%	10.3%	9.2%	8.3%	16.8%
Return on invested capital	12.0%	10.4%	11.0%	9.8%	7.1%	6.4%	26.1%	11.3%
Return on assets	8.7%	8.0%	8.8%	7.9%	5.2%	3.5%	3.2%	6.8%
Free cash flow yield	0.2%	-1.1%	-0.2%	-0.6%	-0.7%	0.3%	6.5%	-2.8%
Earnings yield	2.0%	1.8%	2.2%	2.4%	1.4%	1.4%	2.5%	3.2%
Enterprise value	₹618.9B	₹534B	₹412.3B	₹288B	₹269.7B	₹154.5B	₹73.7B	₹100.1B
Net debt / EBITDA	0.98×	1.19×	0.89×	0.99×	0.78×	1.23×	1.49×	1.31×
Cash conversion cycle (days)	44	43	52	48	46	39	-0	40