UNO MINDA LIMITED

Manufactures and supplies a wide range of automotive components — including 2W and 4W alloy wheels, lighting, EV powertrains, in-vehicle infotainment (IVI), sunroofs, seating systems, and aftermarket switchgear — to Indian vehicle makers across passenger vehicles, two-wheelers, three-wheelers, and commercial vehicles, with sales reaching customers in 41 countries. Green mobility, covering electric powertrains and CNG systems, was introduced as a distinct reporting segment in Q4 FY26, posting quarterly revenue of INR 423 crores and full-year revenue of INR 1,405 crores. The EV powertrain build-out involves two new plants, at Khed City (commissioning H2 FY27) and Chhatrapati Sambhajinagar (commissioning Q2 FY28), backed by about INR 1,200 crores of capex, with the company targeting revenue north of INR 2,500 crores at maturity. A separate INR 320 crore 4W passenger seating plant is being added via the Tachi-S Japan joint venture, bringing 2.4 lakh units per year of new capacity starting Q4 FY28. A Denso joint venture handles IVI infotainment, with FY26 JV revenue of INR 846 crores and a new INR 600 crore order (SOP Q3 FY29). FY26 consolidated revenue was INR 19,589 crores (+17% YoY), with normalized PAT of INR 1,166 crores (+24% YoY) and ROCE of 19.2%. Q4 FY26 revenue of INR 5,336 crores was up 18% YoY. FY27 capex is guided at INR 1,750 crores (INR 1,100 crores growth, INR 650 crores sustaining) and EBITDA margin guidance is held at 11% plus or minus 50 bps. Materials account for 61% of revenue, employees 13.1%, other operating expenses 11.2%, and capex runs at 8% of revenue.