The note is the current scenario (Base). Download PDF renders this page on the server, fonts and colours exact; Print uses the browser.
Model Note · UNO MINDA LIMITED · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
UNO MINDA LIMITED Discounted cash flow · base FY26
UNO MINDA LIMITED
Value per share, this model₹263
CMP 2026-09-10₹1,201.60
Difference(78.1)%
Growth the CMP implies45.0%/yr
This note states the assumptions and the arithmetic of one model of UNO MINDA LIMITED, built on its filed FY26 consolidated statements. The value is the outcome of the assumptions below and nothing else; it is not a fair value, a target or a recommendation.
Assumptions
Input
This model
Filed reference
Revenue growth, 5 years
17% a year
FY26 17.2% · 5-yr CAGR 25.3%
EBITDA margin
11.3%
FY26 11.3% · 5-yr average 11.1%
Depreciation · capex, % of revenue
3.6% · 8%, fading to 1.2× depreciation
FY26 3.6% · 8.0%
Working capital, % of added revenue · tax
11.5% · 24.3%
42 working-capital days · effective 24.3%
Discount rate
11.00%
1-yr beta 1.33
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹2,260 · ₹0 · ₹0 cr
FY26 net debt ₹2,260 cr
Shares
57.75 crore
57.75 crore today
Source: SEBI results XBRL as filed with BSE/NSE, exchange prices; the reader's assumptions.
Projected cash flow to the firm
₹ crore
FY26
FY27
FY28
FY29
FY30
FY31
Revenue
19,658
22,999
26,909
31,484
36,836
43,098
growth %
17.2
17.0
17.0
17.0
17.0
17.0
EBITDA
2,224
2,599
3,041
3,558
4,162
4,870
Depreciation
(704)
(828)
(969)
(1,133)
(1,326)
(1,552)
NOPAT
1,151
1,341
1,569
1,835
2,147
2,512
less capex
(1,572)
(1,840)
(1,905)
(1,939)
(1,930)
(1,862)
less working-capital build
—
(384)
(450)
(526)
(616)
(720)
Free cash flow to firm
—
(56)
182
503
928
1,482
Present value
(53)
156
388
644
926
Source: the model; base year as filed.
Every figure is the reader's model over filed numbers · No rating, target or fair value is expressedmarketping.in
Model Note · UNO MINDA LIMITED · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
2,061
PV of the terminal value (88% of EV)
15,388
Enterprise value
17,449
less net debt
(2,260)
less non-controlling interest
0
add non-operating investments
0
Equity value
15,189
÷ 57.75 crore shares
₹263
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
274
300
332
371
420
10.5%
246
268
294
326
364
11.0%
223
241
263
289
319
11.5%
202
218
236
258
283
12.0%
185
198
214
232
253
Source: the model; n/a where terminal growth reaches the discount rate.
Statement
This note is the reader's own model over publicly filed information: SEBI results XBRL filed with BSE and NSE and exchange price data, assembled by MarketPing software; every assumption above is the reader's. It contains no research recommendation, no price target and no opinion by MarketPing on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Historical per-share figures are on the current share count. Where a figure is unavailable the table shows a dash rather than an estimate. Nothing here constitutes investment advice, an offer or a solicitation.
Every figure is the reader's model over filed numbers · No rating, target or fair value is expressedmarketping.in
