TickerSutra

NSE: UNIPARTS · BSE: 543689 · ISIN INE244O01017

Uniparts India Limited stock analysis

Uniparts India Limited ranks #473 in the TickerSutra evidence-ranked universe with a score of 64/100 and 93% data confidence. The latest captured fundamentals show ROCE of 21.6%, quarterly sales growth of 26.9% and quarterly profit growth of 64.3%.
Complete evidence gate pass governance reviewUpdated 29 Sept 2026
TICKERSUTRA SCORE64/100

Monitor only

#473 of 5,430 ranked equities
Market capitalisation₹4,042.41cr
ROCE21.6%
Quarterly sales growth26.9%
Quarterly profit growth64.3%
P/E ratio22.1×
Promoter pledge0.0%

INVESTMENT EVIDENCE

What supports—and challenges—the thesis

Evidence in favour

  • ROCE is 21.6%
  • Low debt/equity of 0.18×
  • Institutional ownership is rising
  • CWIP indicates an active capacity pipeline
  • No promoter shares are reported as pledged

Risks and constraints

  • No calculated threshold risk in the current snapshot.

Still unresolved: Related-party exposure · Broad media sentiment

FINANCIAL TRAJECTORY

Recent operating history

PeriodRevenueOperating profitNet profitOperating margin
2022₹1,227cr₹268cr₹169cr22.0%
2023₹1,366cr₹298cr₹205cr22.0%
2024₹1,140cr₹201cr₹125cr18.0%
2025₹964cr₹145cr₹88cr15.0%
2026₹1,170cr₹247cr₹158cr21.0%
TTM₹1,244cr₹277cr₹180cr22.0%
Debt / equity0.18×
CFO / EBITDA0.70×
Operating margin22.0%
Free cash flow₹148cr
Sales CAGR · 3Y-5.0%
Profit CAGR · 3Y-8.3%

EXCHANGE EVENT TRIGGERS

Latest corporate disclosures

0 positive catalysts0 negative catalysts2 routine filings

MANAGEMENT COMMENTARY

Signals from filed documents

Operating leverageHigh severity · 5 mentions
Positive catalyst

CASE STUDY Company Overview | Statutory Reports | Financial Section | Notice Annual Report 2025-26 | 3534 | Uniparts India Limited Value created at a glance, FY2025 -26 Metric FY25 FY26 Change What changed Revenue (H crore) 9,849 11,880 ↑ 21% Revenue increased by 21% over the year, reflecting an improving demand across key off-highway markets, contribution from new business wins, recovery in agriculture and construct

Margin expansionHigh severity · 5 mentions
Positive catalyst

EBITDA margin (%) 17% 22% +540 bps EBITDA margin expanded by approximately 540 basis points to 22%, reflecting operational excellence initiatives, productivity improvements, and a higher contribution from profitable business segments and channels. Profit After Tax (H crore) 88 158 ↑ 80% Profit after tax recorded robust growth, supported by stronger operating performance, margin expansion, and disciplined financial ma

Capacity expansion plansHigh severity · 8 mentions
Positive catalyst

This integrated approach enables customised system solutions, strengthens customer engagement and increases value addition across programmes. Capital-efficient capacity expansion Uniparts enters its next phase of growth with adequate manufacturing headroom to support new business without significant upfront capital investment. Annual growth capex remained disciplined at 2.5-3.5% of revenue, directed towards productiv

Demand slowdownHigh severity · 4 mentions
Risk easing

(Source: Fao.org, mordorintelligence.com, imarcgroup.com) demand and new business wins for us in the Indian small agricultural equipment segment. In the Western markets, small agricultural equipment showed early signs of recovery after three consecutive years of volume declines, although economic uncertainty continued to affect big-ticket purchasing decisions. Supported by our market position and continued new busine

Management confidenceHigh severity · 1 mention
Constructive

While near-term purchasing patterns were impacted by tariff-led price volatility, the subsequent moderation in tariffs was expected to support a normalisation in demand and restore the segment’s growth trajectory. We remain confident in the long-term fundamentals of the aftermarket business, which continued to enhance the resilience, diversification and quality of our overall revenue base. What this means for the com

Export market updatesHigh severity · 6 mentions
Constructive

Industry momentum has continued through the year, with sales already exceeding 1.05 million units between April and February, representing a 23% year-on-year increase. Production during the same period reached approximately 1.13 million units, while exports climbed to nearly 96,000 units, signalling steady recovery in international markets. The expansion was driven by favourable monsoon patterns, improved crop yields

Market share gainModerate severity · 1 mention
Positive catalyst

and one in Germany ensuring efficient delivery across continents. Company Overview | Statutory Reports | Financial Section | Notice Annual Report 2025-26 | 6766 | Uniparts India Limited Company strengths Market leadership: Uniparts commands a dominant position in its core segments. In tractors, it holds the top share of the global three point linkage market, while in construction, forestry, and mining equipment it le

Customer concentrationModerate severity · 1 mention
Risk easing

Tanushree Bagrodia: So Ashish, we are an off-highway market supplier with certain competencies on processes and products that we have. And I think today, we have the world's be st customers as the top customers. In the ag space, the top 5 global agricultural customers a re our customers.

Pricing pressureModerate severity · 2 mentions
Risk easing

Your Company’s response, I believe, is a fair test case for what a globally integrated manufacturing model is meant to achieve. We realigned our precision machined parts portfolio and supply chain around the best- cost country sourcing strategy, evaluated product by product, and optimised manufacturing across our global locations to preserve competitive pricing, product quality and delivery reliability for our custom

Regulatory approvalLow severity · 15 mentions
Watch

During the financial year, the Board of Directors has also appointed her as Group Chief Executive Officer with effect from January 01, 2026. The Board of Directors also approved revision in her remuneration vide resolution dated December 05, 2025, which was approved by the Shareholders through postal ballot resolution dated January 26, 2026. During FY 2025-26, she received remuneration of Rs.

Regulatory updatesLow severity · 20 mentions
Watch

Not Applicable Positive Risk Inadequate management of water resources and wastewater can lead to water scarcity, water pollution, and negative impacts on ecosystems and human health. Moreover, regulatory frameworks and public pressure are increasing to address water- related environmental issues. Failure to manage water resources and wastewater responsibly can lead to legal liabilities, reputational damage, and finan

Capacity commissioningLow severity · 1 mention
Positive catalyst

Capability Modular capacity model Value delivered Capacity expanded through incremental investments rather than large greenfield projects, ensuring efficient capital deployment. Capability Advanced testing infrastructure Value delivered Dedicated R&D test rigs validate product performance under simulated operating conditions before commercial production. Capability Globally certified operations Value delivered Intern

MANAGEMENT PROMISE LEDGER

Quantified statements on the clock

MarginsTracking

“So apologies if my que stion is repetitive. But if you can just reiterate the revenue and margin guidance for next 2 years, that would be great. Tanushree Bagrodia: So Nishita, what we are saying is that we are coming out of the industry that has seen 3 years of a down cycle.”

ProfitabilityTracking

“Our revenue from operations for Q1 FY27 stood at INR347 crores, representing 27% year-over-year growth and remaining broadly in line with the guidance we had shared earlier. EBITDA for the quarter was INR90 crores, registering strong 55% growth year- on-year and 10% growth sequentially, reflecting healthy operating leverage and disciplined cost management across the business. Profit after tax stood at INR57 crores, u”

Open the full Promise Ledger

HOW TO READ THIS PAGE

Evidence, freshness and limitations

What does the TickerSutra score mean?

The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.

Which sources support this page?

Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.

Why can an item be unresolved?

Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.

Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer

DIRECTOR & BUSINESS NETWORK

Loading corporate intelligence

Loading universe coverage and exchange-backed evidence…