This Automotive Manufacturer and OEM Solution Provider Announces Leadership Transition and expansion of R&D capabilities into the Czech Republic
With a market capitalisation of Rs 47,518 crore and a PE ratio of 50.5x, the company trades at a premium compared to the industry PE of 24.6x.
Uno Minda Ltd has announced a leadership transition in its Lighting and Acoustics Domain (LAS). Mr. Rajeev Gandotra, CEO of LAS-2, has retired after 31 years of service. The company expressed its gratitude for his contributions and wished him well in his retirement.
Mr. Vivek Jindal, who was the CEO of LAS-1 and is a Whole-time Director, has been appointed as the CEO of the newly consolidated Lighting and Alternate Fuel Systems (LAS) Domain. This restructuring combines LAS-1 and LAS-2 to improve efficiency, decision-making, and focus on sustainable mobility.
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As part of its expansion plans, Uno Minda has set up a new R&D and engineering center in the Czech Republic. This facility will develop advanced lighting technologies for the global automotive market. The move aims to strengthen the company’s innovation in automotive lighting solutions.
About Company
Uno Minda Limited incepted in 1958, is a leading global Tier-1 manufacturer and supplier of innovative automotive solutions and systems to OEMs. They design and manufacture over 25 categories of components and systems for vehicles across all segments (passenger cars, commercial vehicles, two- and three-wheelers) catering to both internal combustion engines (ICE) and electric/hybrid vehicles.
UNO Minda Ltd is trading at Rs 830.4 per share, marking a slight increase of 0.22 per cent from the previous close of Rs 828.55. The stock touched an intraday high of Rs 833.15 with a traded volume of 15,743 shares. Despite trading below its 52-week high of Rs 1,252.85, the stock has delivered strong returns of 29.48 per cent over the past year and 360.51 per cent over five years, highlighting its multibagger performance.
With a market capitalisation of Rs 47,518 crore and a PE ratio of 50.5x, the company trades at a premium compared to the industry PE of 24.6x. The company has ROCE of 19.9 per cent and ROE of 18.9 per cent.
Investors should keep an eye on this Mid-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.