UNOMINDA

Business Overview Leading auto ancillary company (lighting, switches, EV components, sensors) Strong presence in: 2W / 3W / 4W segments OEM + EV ecosystem 👉 Key strength: EV + premiumisation trend beneficiary 📊 Financial Performance Revenue Growth: Strong (20%+ YoY in recent quarters) Profit Growth: ~23–35% YoY ROE: 17–18% ROCE: 18–19% 👉 Conclusion: ✔ Consistent growth ✔ Decent return ratios ✔ Strong order book visibility ⚖️ Valuation Check P/E Ratio: 50–70 (High) P/B Ratio: 9–12 (Expensive) Dividend Yield: 0.2% (Low) 👉 Interpretation: Stock is growth-driven but expensive Already pricing future growth