Uniparts India Limited (UNIPARTS)
₹735.45 +2.40% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Uniparts India's revenue was ₹347 Cr (+26.9% year on year, +2.5% on the previous quarter), and net profit ₹56.6 Cr (+64.3% year on year); the operating margin was 23.6%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹347 | +26.9% | +2.5% |
| Operating profit | ₹82.0 | +56.7% | +1.2% |
| Net profit | ₹56.6 | +64.3% | +11.0% |
| Operating margin | 23.6% | — | — |
UNIPARTS delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 46.19% of the UNIPARTS shares traded on NSE were taken to delivery, against the stock's own 20-session average of 49.64%. That is close to its usual level.
Delivery in the last 5 sessions: 50.6% · 55.7% · 65.6% · 70.2% · 46.2%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Uniparts India Limited submitted the scrutinizer's report and voting results for its 32nd Annual General Meeting held on September 28, 2026. Shareholders approved all agenda items with over 99% majority, including the adoption of FY26 financial statements and confirmation of three interim dividends totaling Rs 37.75 per share (First Interim of Rs 8.25, Special Interim of Rs 22.50, and Second Interim of Rs 7.00). In addition, the re-appointment of Executive Director Gurdeep Soni and Independent Director Sanjeev Kumar Chanana were ratified. Total votes polled stood at 31,501,449 representing 69.75% of outstanding shares.
- All five ordinary and special resolutions approved with >99% votes in favour
- Confirmation of FY26 dividends: first interim (Rs 8.25), special interim (Rs 22.50), and second interim (Rs 7.00) per share
- Overall voter turnout was 69.75% with 31,501,449 total votes polled out of 45,161,027 shares
- Re-appointment of Executive Director Gurdeep Soni passed with 99.08% assent
Uniparts India Limited conducted its 32nd Annual General Meeting on September 28, 2026, through video conferencing. Key ordinary business transacted included the adoption of FY26 financial statements and confirmation of interim dividends totaling ₹37.75 per equity share (First Interim of ₹8.25, Special Interim of ₹22.50, and Second Interim of ₹7.00). Shareholders also considered the reappointment of Director Gurdeep Soni and the second five-year term of Independent Director Sanjeev Kumar Chanana commencing February 17, 2027. Scrutinizer voting results will be released separately.
- 32nd AGM concluded on September 28, 2026, lasting from 4:30 p.m. to 5:21 p.m. IST
- Confirmed FY 2025-26 interim dividends totaling ₹37.75 per share (₹8.25 first, ₹22.50 special, ₹7.00 second)
- Proposed re-appointment of Independent Director Sanjeev Kumar Chanana for a 5-year term from February 17, 2027 to February 16, 2032
- Ratification of remuneration for Cost Auditor M/s Vijender Sharma & Co. for FY 2026-27
Uniparts India has submitted its standalone Business Responsibility and Sustainability Report (BRSR) for FY 2025-26 pursuant to SEBI Listing Regulations. The report highlights that exports constituted 65.67% of turnover, serving 17 international countries across 6 domestic plants. Product mix comprised 54.91% from agricultural/forestry machinery parts and 40.83% from construction/mining equipment parts. This filing is a routine annual ESG disclosure with no impact on ongoing operations or financial guidance.
- Exports contributed 65.67% of total turnover in FY 2025-26 across 17 international countries
- Turnover distribution: 54.91% from agricultural machinery components and 40.83% from construction/mining machinery components
- Entity operates 6 manufacturing plants and 7 offices in India, employing 501 employees and 2,374 workers
- MSME sourcing accounted for 47.02% of total input material value, with 97.57% sourced domestically within India
Uniparts India Limited has issued the notice for its 32nd Annual General Meeting (AGM) scheduled for September 28, 2026, along with publishing its FY2025-26 Annual Report. The voting cut-off date is set for September 21, 2026, with the remote e-voting window active from September 24 to September 27, 2026. In the annual report summary, the company reported FY26 revenue of ₹11.70 billion (up from ₹9.64 billion in FY25) and an EBITDA margin of 22% compared to 17% in the previous year. Credit rating agencies also reaffirmed the long-term rating at 'AA- (Stable)' and short-term rating at 'A1+'.
- 32nd AGM scheduled for Monday, September 28, 2026 at 4:30 PM IST via video conferencing
- Remote e-voting period runs from September 24, 2026 (9:00 AM IST) to September 27, 2026 (5:00 PM IST)
- Record/Cut-off date for voting eligibility is Monday, September 21, 2026
- FY26 consolidated revenue reported at Rs 11.70 billion vs Rs 9.64 billion in FY25 with a 22% EBITDA margin
Uniparts India Limited's Nomination and Remuneration Committee approved the grant of 4,623 stock options to eligible employees under the ESOS 2023 scheme on August 27, 2026. Each option is convertible into one equity share of face value Rs 10 at an exercise price of Rs 604.65 per share. The options have a vesting period between 1 and 4 years from the grant date and an exercise window of up to 3 years from vesting. The potential dilution is negligible relative to the company's total equity base.
- Grant of 4,623 stock options convertible into 4,623 equity shares of face value Rs 10 each
- Exercise price fixed at Rs 604.65 per option
- Vesting timeline ranges from a minimum of 1 year to a maximum of 4 years from grant
- Exercise period allowed up to a maximum of 3 years from the date of each vesting
Uniparts India Limited has appointed Mr. Manish Singh as Chief Human Resource Officer (CHRO) and Senior Management Personnel, effective August 17, 2026. Mr. Singh brings 23 years of HR leadership experience in large manufacturing companies, including a 14-year tenure at Blue Star Limited. The appointment strengthens senior leadership as the company scales its global manufacturing and engineering footprint. The company has a TTM revenue base of ₹1,244 crore with net profit of ₹180 crore.
- Appointed Mr. Manish Singh as Chief Human Resource Officer effective August 17, 2026.
- Appointee brings 23 years of HR and people strategy experience in large manufacturing organizations.
- Previously spent 14 years in senior HR leadership roles at Blue Star Limited.
- Educational background includes an Executive MBA from FMS Delhi and B.E. from Dr. B.R. Ambedkar University.
Uniparts India Limited has informed exchanges regarding scheduled one-on-one in-person meetings with three institutional investors on August 20, 2026, in Bangalore. The scheduled interactions include Nimida Capital at 09:00 AM, Mirabilis Investment at 10:30 AM, and Premji Investment at 04:00 PM. The company confirmed that no Unpublished Price Sensitive Information (UPSI) will be shared during the interactions. This filing is administrative in nature under SEBI Regulation 30.
- Scheduled in-person investor meetings in Bangalore on August 20, 2026
- One-on-one meeting with Nimida Capital at 09:00 a.m.
- One-on-one meeting with Mirabilis Investment at 10:30 a.m.
- One-on-one meeting with Premji Investment at 16:00 p.m.
- Company confirmed no Unpublished Price Sensitive Information (UPSI) will be shared
Uniparts India reported a strong Q1 FY27 with revenue growing 27% YoY to ₹347 cr and PAT surging 64% to ₹57 cr. The company demonstrated significant operating leverage as EBITDA grew 55% YoY to ₹90 cr, supported by a high-margin warehousing sales mix of 56%. The TTM new business order book remains robust at ₹225 cr, representing approximately 19.2% of TTM revenue. Management indicated that while the Large Agriculture segment is at a cyclical trough, recovery is expected by CY2027, bolstered by new business wins in Europe and the US.
- Revenue from operations grew 27% YoY to ₹347 cr for Q1 FY27.
- Profit After Tax (PAT) increased 64% YoY to ₹57 cr, reflecting strong cost management.
- Trailing 12-month (TTM) new business order book stands at ₹225 cr.
- Net cash position recovered to ₹190 cr, up from ₹210 cr prior to a ₹101 cr dividend in Oct 2025.
- Warehousing sales, the company's highest-margin channel, contributed 56% to Q1 revenue.
Uniparts India Limited has scheduled three separate one-to-one meetings with institutional investors and analysts on August 12, 2026. The participating entities are Helios AIF, Bajaj AIF, and CLSA. These meetings are part of routine investor relations and occur against a backdrop of strong TTM revenue (Rs 1,170 Cr) and high ROCE (28.0%). The company has explicitly stated that no unpublished price-sensitive information (UPSI) will be shared during these interactions.
- 3 one-to-one meetings scheduled for August 12, 2026, with institutional investors.
- Participating institutions include Helios AIF (11:00 AM), Bajaj AIF (12:00 Noon), and CLSA (4:00 PM).
- Company maintains a TTM revenue of Rs 1,170 Cr and a healthy OPM of 21.1%.
- Recent quarterly performance (Mar 2026) showed a net profit of Rs 51.0 Cr on revenue of Rs 339.0 Cr.
Uniparts India has made the audio recording of its earnings call for the quarter ended June 30, 2026, available to the public. This follows the announcement of its standalone and consolidated unaudited financial results. The call provides management's perspective on the company's TTM revenue of ₹1,170 cr and its operating margin of 21.1%. Investors can access the recording via the company's website for detailed commentary on the ₹200 cr new business pipeline.
- Earnings call conducted on August 05, 2026, following Q1 FY27 results.
- Company reported TTM revenue of ₹1,170 cr with a PAT of ₹158 cr.
- Maintains a high Return on Capital Employed (ROCE) of 28.0%.
- Promoter holding remains stable at 65.88% as of June 2026.
- New business awards totaling ₹200 cr in annualized potential value are expected to drive future growth.
Uniparts India reported a strong Q1 FY27 with revenue growing 27% YoY and PAT surging 64% YoY. The company has successfully rebuilt its net cash position to Rs 190 Cr, following a Rs 101 Cr special dividend in October 2025. Management highlighted a robust trailing twelve-month (TTM) new business order book of over Rs 225 Cr, representing approximately 19.2% of TTM revenue. While the Large Agriculture segment is currently subdued and expected to bottom out in CY2026, the Construction segment continues to see healthy momentum from US and European infrastructure spending.
- Revenue grew 27% YoY and EBITDA increased 55% YoY in Q1 FY27.
- PAT grew 64% YoY, bringing the trailing twelve-month EPS to Rs 39.97.
- New business order book stands at over Rs 225 Cr on a TTM basis.
- Net cash position reached Rs 190 Cr as of June 30, 2026, up from the post-dividend levels.
- Mexico warehouse operations are on track for first customer deliveries in Q3 FY27.
Uniparts India has declared its first interim dividend of Rs 9 per equity share for the financial year 2026-27. The company has fixed August 12, 2026, as the record date to determine shareholder eligibility. This payout represents approximately 25.6% of the company's TTM EPS of Rs 35.08 and offers a yield of ~1.23% on the current market price. The dividend is scheduled to be paid within 30 days from the declaration date.
- Interim dividend of Rs 9 per equity share declared on a face value of Rs 10 each
- Record date for eligibility fixed as August 12, 2026
- Dividend payout to be completed within 30 days from the declaration date of August 04, 2026
- Payout represents ~25.6% of the TTM EPS of Rs 35.08
Uniparts India has declared its first interim dividend of ₹9 per equity share for FY 2026-27, representing a 90% payout on the face value of ₹10. Based on the company's TTM EPS of ₹35.08, this single interim payment reflects a payout ratio of approximately 25.6%. The board has fixed August 12, 2026, as the record date for eligibility, with the disbursement scheduled within 30 days. This move is supported by the company's strong ROCE of 28.0% and a low Debt-to-Equity ratio of 0.16.
- Interim dividend of ₹9 per equity share declared for the Financial Year 2026-27
- Record date for determining shareholder eligibility fixed as August 12, 2026
- Dividend represents 90% of the face value of ₹10 per share
- Payment to be completed within 30 days from the declaration date (by September 3, 2026)
- Board meeting for the declaration concluded within 25 minutes (5:00 PM to 5:25 PM)
Uniparts India reported its Q1 FY27 results, highlighted by a standalone operating margin expansion to 15.74% from 13.15% YoY. The Board declared a first interim dividend of ₹9.00 per share (90% of face value), totaling a payout of ₹40.65 crore. Standalone EPS for the quarter improved significantly to ₹5.09 compared to ₹3.24 in the same period last year. The company maintains a strong balance sheet with a standalone debt-equity ratio of 0.10 and a net worth of ₹575.29 crore.
- Declared first interim dividend of ₹9.00 per equity share for FY 2026-27, with a record date of August 12, 2026.
- Standalone operating margin improved to 15.74% in Q1 FY27 from 13.15% in Q1 FY26.
- Standalone EPS increased to ₹5.09 for the quarter, up from ₹3.24 in the previous year's corresponding quarter.
- Total dividend payout aggregates to ₹406.45 million, representing approximately 25.7% of TTM PAT.
- Standalone debt-equity ratio remains low at 0.10 as of June 30, 2026, compared to 0.12 in March 2026.
Uniparts India Limited has scheduled its Q1 FY27 earnings conference call for August 05, 2026, at 3:00 PM IST. The call will address the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. Key management, including the Chairman & MD and Group CEO, will be present to discuss performance. This follows a strong FY26 where the company reported a revenue of Rs 1,170 Cr and a robust ROCE of 28.0%.
- Earnings conference call set for August 05, 2026, at 15:00 IST
- Discussion to cover financial results for the quarter ended June 30, 2026
- Company reported TTM revenue of Rs 1,170 Cr and PAT of Rs 158 Cr as of March 2026
- Operating Profit Margin (OPM) maintained at 21.1% for the trailing twelve months
Financial Performance
Revenue Growth by Segment
Total revenue for H1 FY26 reached INR 5,619 Mn, a 9.7% YoY growth. By market segment, Agriculture contributes 59.0% and Construction, Forestry, and Mining (CFM) contributes 41.0%. The Aftermarket (AFM) segment is expected to grow in single digits YoY, while the company is positioned for mid-teen growth in export linkages.
Geographic Revenue Split
As of H1 FY26, the Americas remain the largest market at 52.2% of revenue, followed by Europe at 25.1%, India at 14.9%, Japan at 5.5%, and the Rest of the World at 2.3%. This distribution reflects a heavy reliance on the North American and European OHV markets.
Profitability Margins
Gross Profit Margin for Q2 FY26 improved significantly to 69.4% from 62.4% in Q2 FY25. PAT margins increased from 8.6% in Q2 FY25 to 13.9% in Q2 FY26, driven by operating leverage and a shift toward higher-margin delivery channels like warehousing.
EBITDA Margin
EBITDA margin for H1 FY26 stood at 21.7%, up from 17.2% in H1 FY25. Q2 FY26 EBITDA was INR 640 Mn, representing a 52.6% YoY increase, primarily due to operating leverage as revenue growth outpaced fixed cost increases.
Capital Expenditure
CAPEX outflow for Q2 FY26 was approximately INR 6 Cr. In FY25, the company spent INR 30.22 Cr on property, plant, and equipment and capital work-in-progress, down from INR 35.00 Cr in FY24.
Credit Rating & Borrowing
Uniparts is a net debt-free company with a group net cash position of approximately INR 226 Cr as of September 30, 2025. Debt-to-equity ratio remains low at 0.10x in H1 FY26, indicating minimal reliance on external borrowing.
Operational Drivers
Raw Materials
Cost of materials consumed was INR 3,117.97 Mn in FY25, representing approximately 32.3% of total income. Specific raw materials include steel and forged components used for 3PL and PMP products.
Import Sources
Not explicitly disclosed in available documents, though the company operates manufacturing facilities in India and the US to serve global OEMs.
Capacity Expansion
The company maintains a fixed asset turnover of 1.7x as of H1 FY26. While specific MTPA capacity is not listed, the company has 250+ engineers and technical diploma holders supporting its manufacturing base across India and the US.
Raw Material Costs
Material costs are subject to FX fluctuations; in Q2 FY26, FX impacted material costs, though EBITDA margins still improved YoY. The company uses a mix of local production and direct exports to manage costs.
Manufacturing Efficiency
Operating leverage is a key driver; as revenue grows, margins expand because fixed costs are spread over a larger base. EBITDA margins improved from 17.0% to 22.6% YoY in Q2 FY26 due to this efficiency.
Logistics & Distribution
Margins are highly sensitive to delivery channels: Warehouse sales (highest), Direct Export (base), and Locally Produced/Delivered (lowest).
Strategic Growth
Expected Growth Rate
15%
Growth Strategy
Growth is targeted through a healthy new business pipeline, with INR 200 Cr in annualized potential value awarded over the last 12 months. Strategy involves capturing mid-teen growth in export linkages and leveraging the 'turning corner' in the construction equipment segment. Approximately 11-12% of the 15% growth target is expected from new business wins.
Products & Services
3-Point Linkage systems (3PL), Precision Machined Parts (PMP), Power Take-Off (PTO) components, and Fabrication parts for Off-Highway Vehicles (OHV).
Brand Portfolio
Uniparts India Limited.
New Products/Services
New business awards totaling INR 200 Cr in annualized potential value are expected to contribute significantly to FY26 and FY27 growth.
Market Expansion
Focusing on horizontal and vertical growth with existing customers across all geographies to deepen wallet share and mitigate risk.
External Factors
Industry Trends
The OHV industry is seeing a recovery in construction. Uniparts is positioning itself to benefit from this by diversifying its product mix (3PL vs PMP) and focusing on export linkages where it expects mid-teen growth.
Competitive Landscape
Competes in the global precision component market for OHVs, primarily against other specialized engineering firms in India and international markets.
Competitive Moat
The moat is built on a diversified global manufacturing and warehousing model. High-margin warehousing sales (highest margin) create a competitive advantage by offering localized, just-in-time supply to global OEMs, which is difficult for pure exporters to replicate.
Macro Economic Sensitivity
Highly sensitive to global CAPEX cycles in Agriculture and Construction. The management noted that 'construction is turning the corner,' which is expected to drive future demand.
Consumer Behavior
Demand is driven by OEM production schedules rather than direct consumer behavior, making the company a Tier-1/Tier-2 supplier sensitive to industrial output.
Geopolitical Risks
Trade barriers or economic shifts in the US and Europe could impact 77.3% of the total revenue base.
Regulatory & Governance
Industry Regulations
Operations are subject to the Companies Act, 2013. Internal financial controls were audited by S.C. Varma and Co. and found to be operating effectively as of March 31, 2025.
Taxation Policy Impact
Effective tax rate for Q2 FY26 was approximately 22% (INR 111 Mn tax on INR 505 Mn PBT).
Legal Contingencies
The company maintains internal financial controls to prevent fraud and errors; no specific pending high-value court cases were detailed in the provided snippets.
Risk Analysis
Key Uncertainties
Operating deleverage is a risk if growth slows, as seen in historical margin fluctuations. FX volatility remains a primary uncertainty for material costs.
Geographic Concentration Risk
High concentration in the Americas (52.2%) and Europe (25.1%), totaling over 77% of revenue.
Third Party Dependencies
84.4% of revenue is dependent on OEM customers, making the company vulnerable to the production cycles of a few large global manufacturers.
Technology Obsolescence Risk
The company mitigates this through a large engineering team (250+) focused on innovation in 3PL and PMP verticals.
Credit & Counterparty Risk
Working capital days of 155 indicate a significant amount of capital tied up in receivables and inventory, though the net cash position of INR 226 Cr provides a liquidity buffer.
