UNO Minda Limited has informed the Exchange about Credit Rating
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ICRA has reaffirmed UNO Minda's credit ratings: AA+ (Stable) for long-term borrowings and A1+ for short-term borrowings, including a new Non-Convertible Debenture (NCD) programme of Rs. 200 crore. The total rated amount has been increased from Rs. 1,584 crore to Rs. 2,400 crore, reflecting lenders' continued confidence in the company. UNO Minda reported strong FY2025 performance with revenue of Rs. 16,774.6 crore (up ~20% YoY) and a 21% revenue CAGR over FY2021-FY2025. Financial metrics remain healthy with Total Debt/OPBITDA at 1.3x and adequate liquidity. The company plans capex of Rs. 1,500-1,600 crore in FY2026 to expand into EV-related products, including new JVs with Suzhou Inovance and a technical agreement with Hyundai Mobis.
The rating reaffirmation with a stable outlook signals continued financial strength, conservative leverage, and strong debt-servicing capability, which is positive for shareholders. The enhanced credit lines and new NCD programme indicate easier access to capital markets for the company's growth plans, though rising debt to fund heavy capex remains a watchpoint.