UNIPARTS

Uniparts India share price & financials

Price
₹676
Market cap
₹3.7k Cr
Sector
Automobile and Auto Components
Calls analysed
6
Latest concall · Q1 FY27 · call held 05 Aug 2026

Uniparts India Limited Q1 FY27

Revenue ₹347 cr +27%EBITDA ₹90 cr +55%PAT ₹57 cr +64%EPS ₹39.97

What went well

  • Revenue growth of 27% year-on-year to INR347 crores, exceeding annual guidance.
  • EBITDA growth of 55% year-on-year to INR90 crores, reflecting healthy operating leverage.
  • PAT growth of 64% year-on-year to INR57 crores, demonstrating strong profitability.

What to watch

  • Aftermarket business was flat year-on-year in absolute terms, now 12% of revenue, down from 20% in FY25 and 15% in FY26.
  • Large agricultural equipment segment conditions remain subdued, with a projected mid-teens decline in calendar year 2026.
Read the full call →

What Uniparts India Limited does

Uniparts India designs and manufactures precision-engineered systems and components for off-highway vehicles (OHVs) used in agriculture and construction/forestry equipment, principally three-point linkage (3PL) systems and precision machined parts (PMP), alongside power take-off units, hydraulic cylinders and fabricated structural parts such as hitch frames and loader components. It sells directly to leading global original equipment manufacturers — supplying all of the world's ten largest agricultural-equipment brands and five of the ten largest construction-equipment companies — as well as to the organised aftermarket. The company runs a 'dual shore' delivery model, with manufacturing plants in India and the US and warehouses in the US, Europe and Mexico, so it can deliver locally to customers across the Americas, Europe, Japan, India and the rest of the world. Founded in 1994 and listed on BSE/NSE since 2022, it has built long-standing OEM relationships, including four of its top five customers for over ten years.

Segments

  • Three Point Linkage (3PL)
  • Precision Machine Parts (PMP)
  • Power Take-Off (PTO)
  • Fabrication
  • Hydraulic Cylinders
Market position
Supplies all of the world's 10 largest agricultural-equipment OEMs and 5 of the 10 largest construction-equipment companies
Manufacturing facilities
7 total — 6 in India (Ludhiana x3, Noida x2, Visakhapatnam x1) and 1 in the US
Warehouses
4 — 2 in the US, 1 in Europe, 1 in Mexico
Installed manufacturing capacity
67,320 metric tonnes per annum (aggregate)
Countries served
25+
Customers served
125+
Founded 1994Headquarters New Delhi, India (registered office); Noida, Uttar Pradesh, India (corporate office) Company website

Guidance record · Q1 FY27

what the last two calls moved 14 tracked 4 delivered 0 missed 10 open
  • FY26 Revenue Growth delivered said Q4 FY25 Promised: mid-teens of top line growth Q1 FY27: Previously achieved. No new updates.
  • FY27 Revenue Growth revised up said Q3 FY26 Promised: FY27 should be a mid-teens growth here Q1 FY27: Revised guidance upwards again. Now expect FY27 growth to be 'a couple of percentage points bigger than' FY26 growth of 21%, implying ~23% growth.
  • EBITDA Margin on track said Q1 FY26 Promised: EBITDA in the range of 18% Q1 FY27: Delivered 25% margin. Management reiterated guidance to be 'very comfortably over the 20% plus margin' for FY27.

All 14 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 26.6%, net profit up 67.6% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue241 208 253 274 277 +15%281 +35%339 +34%347 +27%
EBITDA37 32 35 52 58 +57%56 +75%81 +131%82 +58%
Net profit21 19 23 34 39 +86%33 +74%51 +122%57 +68%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +117.0% 1Y

₹400₹600₹800Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 21 Nov 2025Q3 FY26 — 10 Feb 2026Q4 FY26 — 26 May 2026Q1 FY27 — 5 Aug 2026

1Y: ₹413.6 on 10 Sept 2025 → ₹897.45. High ₹902.1 (7 Sept 2026), low ₹405 (29 Sept 2025).

How the price took the results

close before → close after

Q1 FY27
+9.4%
5 Aug
Q4 FY26
+8.6%
26 May
Q3 FY26
+4.5%
10 Feb
Q2 FY26
−2.3%
21 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue fell 5.0% a year over 3 years, FY23 to FY26. Operating margin narrowed to 21.1%.

Year endingFY23FY24FY25FY26
Revenue₹1.4k Cr₹1.1k Cr₹963 Cr₹1.2k Cr
Operating profit₹297 Cr₹201 Cr₹146 Cr₹247 Cr
Operating margin21.7%17.6%15.2%21.1%
Interest₹6 Cr₹5 Cr₹8 Cr₹10 Cr
Depreciation₹39 Cr₹41 Cr₹45 Cr₹45 Cr
Net profit₹205 Cr₹125 Cr₹88 Cr₹157 Cr
Net margin15.0%11.0%9.1%13.4%
Cash from operations₹253 Cr₹200 Cr₹182 Cr₹174 Cr
Free cash flow₹223 Cr₹166 Cr₹152 Cr₹148 Cr
ROCE32.0%18.0%12.0%22.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹45 Cr₹45 Cr₹45 Cr₹45 Cr₹45 Cr₹45 Cr
Reserves₹514 Cr₹641 Cr₹786 Cr₹823 Cr₹873 Cr₹825 Cr
Borrowings₹162 Cr₹158 Cr₹61 Cr₹103 Cr₹121 Cr₹155 Cr
Other liabilities₹181 Cr₹205 Cr₹182 Cr₹170 Cr₹207 Cr₹230 Cr
Total liabilities₹901 Cr₹1.0k Cr₹1.1k Cr₹1.1k Cr₹1.2k Cr₹1.3k Cr
Fixed assets₹322 Cr₹325 Cr₹337 Cr₹330 Cr₹317 Cr₹359 Cr
Capital work in progress₹2 Cr₹2 Cr₹7 Cr₹13 Cr₹14 Cr₹3 Cr
Investments₹1 Cr₹0 Cr₹25 Cr₹156 Cr₹285 Cr₹205 Cr
Other assets₹575 Cr₹721 Cr₹705 Cr₹641 Cr₹629 Cr₹688 Cr
Total assets₹901 Cr₹1.0k Cr₹1.1k Cr₹1.1k Cr₹1.2k Cr₹1.3k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, FIIs added +1.55 pp while DIIs trimmed −1.01 pp. The shareholder count shrank 17% to 66,920.

Promoters
65.9%
FIIs
3.4%
DIIs
4.9%
Public
25.7%
Others
0.1%

Since Jun 2025

  • FIIs +1.55 pp
  • DIIs −1.01 pp
  • Public −0.72 pp

How it drifted, 12 quarters

Over this window the public went from 19.0% to 25.7% — +6.7 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 65.7%, FIIs 3.3%, DIIs 11.0%, Public 19.0%, Others 0.9%.Dec '23: Promoters 65.7%, FIIs 2.3%, DIIs 9.7%, Public 21.5%, Others 0.8%.Mar '24: Promoters 65.7%, FIIs 2.3%, DIIs 9.3%, Public 21.9%, Others 0.8%.Jun '24: Promoters 65.7%, FIIs 2.3%, DIIs 8.9%, Public 22.3%, Others 0.8%.Sep '24: Promoters 65.7%, FIIs 1.8%, DIIs 8.5%, Public 23.8%, Others 0.3%.Dec '24: Promoters 65.7%, FIIs 1.8%, DIIs 7.8%, Public 24.4%, Others 0.3%.Mar '25: Promoters 65.7%, FIIs 2.2%, DIIs 6.3%, Public 25.8%, Others 0.1%.Jun '25: Promoters 65.7%, FIIs 1.8%, DIIs 6.0%, Public 26.4%, Others 0.1%.Sep '25: Promoters 65.9%, FIIs 2.0%, DIIs 4.8%, Public 27.2%, Others 0.1%.Dec '25: Promoters 65.9%, FIIs 2.5%, DIIs 4.9%, Public 26.7%, Others 0.1%.Mar '26: Promoters 65.9%, FIIs 2.8%, DIIs 5.3%, Public 25.9%, Others 0.1%.Jun '26: Promoters 65.9%, FIIs 3.4%, DIIs 4.9%, Public 25.7%, Others 0.1%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Uniparts India Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Gurdeep Soni 19.93%unchanged
The Paramjit Soni 2018 CG-NG Nevada Trust (Through its trustee Peak Trust Company-Nv) 14.59%unchanged
The Karan Soni 2018 CG-NG Nevada Trust (Through its trustee Peak Trust Company-Nv) 9.08%unchanged
The Meher Soni 2018 CG-NG Nevada Trust (Through its trustee Peak Trust Company-Nv) 9.08%unchanged
Angad Soni 4.43%unchanged
Arjun Soni 4.43%unchanged
Tanya Kohli 2.22%unchanged
Aditya Birla Sun Life Insurance Company Limited Insurer1.99%−0.47 pp
Pamela Soni 1.77%unchanged
HDFC Value Fund Mutual fund1.22%unchanged
Soni Holdings (through its partners Gurdeep Soni, Angad Soni, Arjun Soni and Pamela Soni) 0.23%unchanged
Jaswinder Singh Bhogal 0.10%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in UNIPARTS

Filings to Jul 2026

0 new, 0 added, 1 trimmed, 0 sold out — net −0.25 L shares (−4.5%).

Held by funds
₹38 Cr
1 schemes
Biggest holder
HDFC Value Fund
₹38 Cr · 0.5% of that fund
SchemeHoldingLast month
HDFC Value Fund HDFC Mutual Fund₹38 Cr−0.25 L

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Jul 2026

0 added, 1 trimmed — net −24,526 shares (−4.5%)

Funds are sitting on
+36%
vs est. average cost
Held by funds
₹38 Cr
1 schemes · ≈ 0.97% of the company

Shares held by these funds +9%

Dec '22 5.25 L shares Jul '26

What the price assumes

Growth trap

To justify its price of ₹897, this stock must grow earnings at 15% every year for 7 years. Our analysis caps realistic growth at ~-8%. At that growth it is worth ₹253 — downside of 72%.

Growth the price implies
15.1% a year
for 7 years, fading to 4%
It has actually compounded at
-8.5% a year
net profit, FY23–FY26 · EPS -8.2%
The gap
0.2 pp
-72% downside if it only repeats history
Price today ₹897.45 Value at the reference growth ₹252.77

Change the assumptions yourself →

All earnings calls (6)

Read the Q1 FY27 call →

Learn to analyse Uniparts India Limited

Guides on how to read this kind of business and the numbers that matter.