Uniparts India Ltd
NSE:UNIPARTS
Uniparts India Ltd
Uniparts India Ltd. manufactures and supplies automotive components and accessories. The company is headquartered in Noida, Uttar Pradesh and currently employs 1,815 full-time employees. The company went IPO on 2022-12-12. The firm operates primarily in the business of manufacturing of linkage parts and components for off-highway vehicles. The company is engaged in the manufacturing of other agricultural and forestry machinery. The firm is also engaged in the manufacturing of parts and accessories for machinery/equipment used by the construction and mining industries. Its product portfolio comprises core product verticals of 3-point linkage systems (3PL) and precision machined parts (PMP) as well as adjacent product verticals of power take off (PTO), fabrications and hydraulic cylinders or related components. The Company’s manufacturing facilities are located across India - three in Ludhiana, one in Visakhapatnam and two in Noida. The Company’s international manufacturing operations are in Iowa (United States). The firm also has warehousing facilities in the United States (two) and Germany (one).
Uniparts India Ltd. manufactures and supplies automotive components and accessories. The company is headquartered in Noida, Uttar Pradesh and currently employs 1,815 full-time employees. The company went IPO on 2022-12-12. The firm operates primarily in the business of manufacturing of linkage parts and components for off-highway vehicles. The company is engaged in the manufacturing of other agricultural and forestry machinery. The firm is also engaged in the manufacturing of parts and accessories for machinery/equipment used by the construction and mining industries. Its product portfolio comprises core product verticals of 3-point linkage systems (3PL) and precision machined parts (PMP) as well as adjacent product verticals of power take off (PTO), fabrications and hydraulic cylinders or related components. The Company’s manufacturing facilities are located across India - three in Ludhiana, one in Visakhapatnam and two in Noida. The Company’s international manufacturing operations are in Iowa (United States). The firm also has warehousing facilities in the United States (two) and Germany (one).
Strong Revenue Growth: Uniparts delivered 35% year-on-year revenue growth in Q3 FY26, with revenue reaching INR 281 crores.
Margin Expansion: EBITDA margin improved to 21.5% for Q3 FY26, up from about 18% the previous year, with management confident of sustaining 20%+ margins.
Cash Position: The company remains net debt free with a net cash position of INR 153 crores as of December 31, 2025.
Dividend Payout: Uniparts declared a special dividend of INR 101 crores in Q3, with total dividends paid of INR 139 crores by year-end.
Mid-Teens Guidance: Management reiterated mid-teens revenue growth guidance for both FY26 and FY27, citing broad-based recovery and new business wins.
Order Wins & Pipeline: New business awards in the last 12 months amounted to INR 200 crores, spanning multiple geographies and segments.
Warehousing Model: Warehousing-led sales now account for over 50% of revenue, a structural (not cyclical) shift that supports higher margins.
Aftermarket Stabilization: Management noted aftermarket share declined due to tariff sensitivity but expects improvement as tariffs are reduced.
