Uno Minda Ltd shares are trading at ₹1,162.90 as of 10 July 2026, marking a 2% rise as of 15:26 IST on the NSE. According to latest reports, the stock has demonstrated strong momentum, rising for the third consecutive session in a row before today's positive movement. The benchmark NIFTY is up around 0.94% on the day, quoting at 24,188.05, while the Sensex stands at 77,527.52, up 1.02%. The stock opened at ₹1,165.00 compared to its previous close of ₹1,154.50, with trading range between ₹1,157.50 to ₹1,179.90 and average price of ₹1,168.70 for the day. Technical indicators show the stock is in an uptrend with the 50 DMA at ₹1,107.12 and 200 DMA at ₹1,183.53.
Uno Minda shares have gained momentum following the initiation of coverage by a domestic brokerage, which has set a target price of ₹1,343 representing an upside of 24.25% to the scrip's previous closing price of ₹1,131.60 recorded on the BSE yesterday. The brokerage highlighted that the company is emerging as one of the key beneficiaries of structural growth trends in the industry, including premiumization and EV transition, which are driving a steady rise in content per vehicle (CPV) for Uno Minda over the years. The research house expects the company to deliver a compound annual growth rate (CAGR) of 19% in revenue, 20% in EBITDA and 23% in profit after tax (PAT) over FY26-28, while estimating the company will remain free cash flow (FCF) positive over FY26-28 despite higher capital expenditure.
Uno Minda's board has approved a significant ₹320 crore investment for a greenfield seating systems plant, as reported by Moneycontrol. This substantial capital expenditure represents a major expansion in the company's manufacturing capabilities and demonstrates management's confidence in long-term growth prospects. The approval comes at a time when the company is already showing strong financial performance, with the investment likely to support future capacity expansion and product diversification in the automotive components sector. According to recent analysis, this move represents a deliberate move up the value chain, as supplying complete seating systems instead of just individual parts means earning more revenue from every car while becoming a more integral part of the manufacturing process. Analysts believe this new foray could add roughly 3% to Uno Minda's projected FY28 revenue, though commercial production isn't expected to begin until Q4 FY28.
Uno Minda has delivered exceptional financial results for FY26, with revenue growing 17.19% year-on-year to ₹19,692.02 crore compared to ₹16,803.90 crore in FY25. The company's operating profit increased 23.71% to ₹1,616.38 crore from ₹1,306.60 crore in the previous year, while net profit surged 25.82% to ₹1,284.06 crore versus ₹1,020.57 crore in FY25. In the latest quarter (March 2026), the company reported revenue of ₹5,342.15 crore compared to ₹5,021.79 crore in December 2025, representing a 6.38% quarter-on-quarter increase. Operating profit for Q4 FY26 stood at ₹436.14 crore, up 17.28% QoQ, while net profit reached ₹351.76 crore, reflecting a 17.07% QoQ growth. The earnings per share (EPS) stood at ₹20.78 during March 2026, compared to ₹16.42 in the previous year. The company had reported a 22.39% increase in consolidated net profit to ₹325.81 crore on a 17.85% increase in revenue to ₹5,336.41 crore in Q4 FY26 as compared with Q4 FY25.
The brokerage expects Uno Minda to maintain strong financial health, with net debt projected to decline to ₹1,780 crore by FY28 from ₹2,150 crore in FY26, despite higher capital expenditure requirements. The company's diversified product mix with 93% OEM sales and 7% aftermarket across India's 90% geographical presence continues to demonstrate strong long-term growth prospects within the automotive sector. As a global technology leader in auto component and systems manufacturing, Uno Minda designs and manufactures over 28 categories of components and systems for vehicles across all segments including passenger cars, commercial vehicles, and two- and three-wheelers, catering to both internal combustion engines and electric/hybrid vehicles. However, investors should note that Uno Minda owns only 51% of the joint venture for the new seating systems plant, while TACHI-S owns the remaining 49%, meaning a meaningful share of future profits will go to its partner, potentially limiting the upside for shareholders.
