| FY26 Revenue | ₹1,188 Cr21% YoY Growth |
|---|---|
| Market Cap | ₹2,525.76 CrMid-cap |
| Net Profit Growth | 80%Full Year YoY |
| EBITDA Margin | 22.3%FY26 Average |
Key highlights
- Annual revenue for FY26 reached ₹11,880 million, representing a 21% year-on-year increase and exceeding prior guidance.
- Profit After Tax (PAT) for the full year grew by 80% to ₹1,583 million, supported by a 124% YoY surge in Q4 earnings.
- EBITDA margins saw significant expansion, reaching 24% in Q4 and averaging 22.3% for the full fiscal year.
- The company secured new business wins exceeding ₹225 crore over the trailing twelve months, enhancing revenue visibility.
- Debt-to-Equity remains low at 0.11x, while the Ludhiana facility reconstruction is currently underway following a Q3 fire incident.
Financial Performance
Uniparts India reported a significant uptick in its financial metrics for the full year 2026. Annual revenue grew by 21% to reach ₹11,880 million, while Profit After Tax saw a substantial 80% increase to ₹1,583 million. The final quarter of the fiscal year was particularly strong, with revenue growing 31% year-on-year and net profit rising by 124%.
This performance was supported by a recovery in the North American small agriculture and construction segments. EBITDA margins for the full year improved to 22.3% from 16.9% in the previous fiscal, highlighting improved operational efficiency and volume recovery.
Management Outlook
The management expressed high confidence in the company's trajectory, moving from a mid-teens growth guidance to achieving a 21% revenue beat. For FY27, the outlook remains cautiously optimistic, with expectations to maintain growth momentum similar to the performance observed in FY26. A key driver for this visibility is the acquisition of new business, which exceeded ₹225 crore in the trailing twelve months.
The company's dual-shore manufacturing model continues to provide a competitive advantage in de-risking global supply chains and securing long-term contracts from global original equipment manufacturers.
Business Overview & Sector Dynamics
Global demand in the off-highway vehicle market is showing signs of stabilization, specifically in the agricultural and construction sectors. While geopolitical tensions in West Asia pose risks to input prices and logistics, Uniparts has leveraged its market position to navigate these challenges. Operationally, the company is rebuilding its Ludhiana facility following a fire incident in Q3, which is fully covered by insurance.
The small agriculture segment in North America is on a path to recovery, contributing to the sequential strengthening of the company's order book across key geographies compared to the previous quarters.
What to Watch
- Progress on the reconstruction of the Ludhiana facility and its return to full production capacity.
- Conversion rate of the ₹225 crore plus trailing twelve-month business wins into active revenue streams.
- Potential volatility in input prices and logistics costs stemming from geopolitical tensions in West Asia.
- Sustained demand recovery in the North American small agriculture and construction equipment segments.
“Management achieved 21% growth for FY26 against their own prior guidance of 'mid-teens'.”
| Share price | ₹559.5 |
|---|---|
| Market capitalisation | ₹2,525.76 Cr |
| Revenue (annual) | ₹963.70 Cr |
| Net profit (annual) | ₹88.00 Cr |
| Revenue (latest quarter) | ₹281.00 Cr+1.51% vs previous quarter |
| Net profit (latest quarter) | ₹33.32 Cr-15.39% vs previous quarter |
| P/E (TTM) | 19.43×Sector 58.37× |
| Promoter holding | 65.88%-0.01% QoQ |
| FII holding | 2.82%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Uniparts India Ltd announcing its Q4 and full-year FY26 financial results and investor presentation. Market figures from a third-party data provider.
