Uniparts India Ltd. (UNIPARTS) AI Stock Analysis

• Market Cap: ₹20.32B
• Dividend Yield: 3.06%
• Average Volume (3M): 6.92K
• Price to Earnings (P/E): 16.4
• Beta (1Y): 1.29
• Revenue Growth: -3.81%
• EPS Growth: 14.23%
• Country: IN
• Employees: 1,728
• Sector: Services
• Sector Strength: N/A
• Industry: Agricultural - Machinery
• EPS (TTM): 7.39
• Shares Outstanding: 45,134,804
• 10 Day Avg. Volume: 2,355
• 30 Day Avg. Volume: 6,920
• PEG Ratio: -0.54
• Price to Book (P/B): 1.66
• Price to Sales (P/S): 1.52
• P/FCF Ratio: 9.37
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 70 Outperform
• Price Target: ₹484.00 ▼(-8.77% Downside)
• Action: Reiterated Date: 02/04/26
• Date: Action: Reiterated 02/04/26

The score is primarily driven by solid financial performance (strong balance sheet and operational efficiency), tempered by declining revenue/net income and weaker free-cash-flow growth. Technicals are mixed due to negative MACD despite price strength above major moving averages, while valuation is supportive with a moderate P/E and ~3.08% dividend yield.

Positive Factors

Balance sheet strength

A strong equity base and prudent leverage give Uniparts lasting financial flexibility to fund capital-intensive forging and machining capacity, absorb cyclical OEM demand swings, and pursue long-term contracts without over-reliance on external debt, supporting resilience.

Operating cash generation

Sustained operating cash flow underpins working capital for export-focused OEM supply and funds routine capex in precision manufacturing, enabling steady operations and supplier/customer reliability. Strong cash generation supports reinvestment and lowers refinancing risk over the medium term.

Operational efficiency and margins

Improving gross margins and solid EBITDA/EBIT reflect effective cost control and higher-value add machining/assembly mix. Durable operational efficiency strengthens competitive positioning with global OEMs, enabling sustained margin capture even if volume growth moderates over the next several quarters.

Negative Factors

Declining revenue trend

Negative revenue growth indicates weakening demand or lost share in core off-highway segments. A downward top-line trend reduces scale benefits and can stress fixed-cost absorption in forging/machining lines, making margin maintenance and capacity utilization harder over the coming months.

Net profit margin pressure

A declining net margin erodes retained earnings available for reinvestment and weakens the company’s ability to fund growth initiatives or return capital. Persisting margin pressure can undermine ROE and constrain strategic investments in tooling, quality, or aftermarket expansion.

Weakening free cash flow growth

Reduced free cash flow growth limits capacity to fund expansion, repay debt, or increase shareholder returns without external financing. For a capital-intensive engineering supplier, weaker FCF growth constrains long-term competitiveness and flexibility to invest in automation or new customer programs.

Uniparts India Ltd. Business Overview & Revenue Model

Company Description

Uniparts India Limited, together with its subsidiaries, manufactures and sells engineering systems, solutions, assemblies, and components primarily for off-highway vehicles in India, the Americas, Europe, Japan, the Asia Pacific, and internationally. The company offers 3-point linkage systems, precision machined parts, power take off products, fabrications, and hydraulic cylinders or components. It serves agriculture, construction, forestry, mining, and aftermarket sectors, as well as original equipment manufacturers. The company was incorporated in 1994 and is based in Noida, India.

How the Company Makes Money

Uniparts India Ltd. makes money by manufacturing and selling engineered metal components and assemblies to customers in the off-highway vehicle and equipment value chain. Revenue is primarily generated from: (1) OEM supply: producing precision-forged and machined parts (and, where applicable, assemblies) that are sold directly to original equipment manufacturers for use in new agricultural machinery and construction equipment; pricing typically reflects specifications, volumes, and value-added processes such as machining, heat treatment, and surface finishing. (2) Aftermarket sales: supplying replacement parts to aftermarket channels; this can provide additional demand outside new-equipment build cycles, subject to product mix and channel structure. Earnings are influenced by order volumes from large customers, product mix (higher value-added machined/assembled parts generally command higher realizations than simpler forgings), capacity utilization of forging and machining lines, and input costs (steel and energy) and the company’s ability to pass-through or manage these costs via customer contracts. Export demand and currency movements can also affect reported revenue and margins given the company’s global customer base. Specific named partnerships, customer concentration figures, or contract terms: null.

Uniparts India Ltd. Financial Statement Overview

Summary

Overall fundamentals are solid but mixed: operational efficiency and balance-sheet strength are offset by a decline in the latest-year revenue and net income, plus weaker free cash flow growth.

Income Statement

Uniparts India Ltd. shows moderate revenue stability with a drop in revenue in the latest fiscal year. Gross profit margin improved, indicating efficient cost management, but the net profit margin declined, suggesting increased expenses or lower pricing power. The EBIT and EBITDA margins demonstrate solid operational efficiency, although the decline in net income signals potential challenges in maintaining profitability.

Balance Sheet

The company maintains a strong equity base, with a favorable debt-to-equity ratio indicating prudent financial leverage. Return on Equity (ROE) is robust, suggesting effective utilization of shareholder funds. The equity ratio reflects a solid financial foundation, but fluctuations in total assets and liabilities may warrant attention.

Cash Flow

Operating cash flow remains strong, yet a decline in free cash flow growth rate raises concerns about capital efficiency. The operating cash flow to net income ratio suggests that most profits are supported by cash flow, though reduced free cash flow to net income ratio highlights potential strains in liquidity management.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	10.12B	9.64B	11.32B	13.66B	11.78B	8.69B
Gross Profit	5.25B	3.35B	2.38B	3.81B	7.02B	4.66B
EBITDA	2.01B	1.67B	2.11B	3.13B	2.72B	1.64B
Net Income	1.16B	880.04M	1.25B	2.05B	1.69B	931.47M
Balance Sheet
Total Assets	12.46B	11.70B	11.29B	10.57B	10.31B	8.93B
Cash, Cash Equivalents and Short-Term Investments	3.13B	2.76B	1.75B	636.93M	139.95M	120.68M
Total Debt	1.21B	1.20B	1.03B	610.08M	1.58B	1.63B
Total Liabilities	3.28B	2.82B	2.61B	2.27B	3.46B	3.33B
Stockholders Equity	9.18B	8.87B	8.68B	8.31B	6.85B	5.60B
Cash Flow
Free Cash Flow	697.12M	1.57B	1.64B	2.21B	497.89M	1.36B
Operating Cash Flow	822.51M	1.82B	2.00B	2.53B	848.79M	1.53B
Investing Cash Flow	-481.12M	-1.06B	-1.61B	-536.13M	-325.53M	-157.38M
Financing Cash Flow	-381.29M	-620.12M	-588.92M	-1.75B	-493.26M	-1.41B

Uniparts India Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 530.50
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:UNIPARTS, the sentiment is Positive. The current price of 530.5 is above the 20-day moving average (MA) of 460.33, above the 50-day MA of 457.81, and above the 200-day MA of 422.89, indicating a neutral trend. The MACD of -5.59 indicates Positive momentum. The RSI at 50.14 is Neutral, neither overbought nor oversold. The STOCH value of 49.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:UNIPARTS.

Uniparts India Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
UNIPARTS	70 Outperform	₹20.32B	16.41	―	3.06%	-3.81%	14.23%
SPMLINFRA	58 Neutral	₹12.72B	17.55	―	―	-35.16%	115.70%
SALASAR	56 Neutral	₹12.22B	70.39	―	―	27.20%	-45.92%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
BLKASHYAP	52 Neutral	₹10.99B	25.32	―	―	-4.30%	-99.86%
NAVKARCORP	45 Neutral	₹12.48B	39.85	―	―	10.04%	-0.91%

Uniparts India Ltd. Corporate Events

Uniparts India to Join Auto Ancillaries Virtual Investor Conference on March 6

Uniparts India Ltd. has scheduled a virtual group conference with investors and analysts as part of the Auto Ancillaries Virtual Investor Conference organized by Emkay Global Financial Services on March 6, 2026, between 2:00 p.m. and 3:00 p.m. The company stated that only information already in the public domain will be discussed during the interaction, with no unpublished price-sensitive information to be shared, underscoring compliance with SEBI disclosure norms and a structured approach to investor engagement.

Uniparts India Reports Fire at Ludhiana Plant, Shifts Work to Other Facilities

Uniparts India Ltd. has reported a fire incident at its SKG Engineering plant in Ludhiana, Punjab, which occurred on the night of December 27, 2025 and is currently under investigation. While there were no casualties or injuries and the fire was promptly contained, surface finishing operations at the plant have been disrupted, prompting the company to arrange alternate manufacturing largely at its other facilities to minimise disruption to customer supplies. An assessment of the damage is underway, the affected plant is adequately insured with the insurer already notified, and the company has stated it remains compliant with all applicable statutory and regulatory requirements as it works to restore normal operations.

Uniparts India Publishes Postal Ballot Notice Advertisements for Shareholders

Uniparts India Ltd. has notified the stock exchanges that it has published newspaper advertisements announcing a postal ballot notice to its shareholders. The company has also made these advertisements available on its website, underscoring its adherence to regulatory disclosure norms and its commitment to maintaining transparent communication with investors and other stakeholders regarding shareholder approvals sought through the postal ballot process.