Uniparts India Limited, incorporated in Delhi on September 26, 1994, and commencing business on September 7, 1998, has grown to become a global manufacturer of engineered systems and solutions. Promoted by Gurdeep Soni and Paramjit Singh Soni, the company is a leading supplier of systems and components for the off-highway market, serving agriculture, construction, forestry, and mining (CFM) sectors across more than 25 countries.
The company completed its initial public offer (IPO) in 2022-23 and subsequently listed on both BSE and NSE in December 2022. Its global presence extends to aftermarket sectors, reinforcing its position as a key player in the specialized components market.
Uniparts India Limited is a technology-driven manufacturer primarily focused on machined products, specifically linkage parts and components for off-highway vehicles. Its operations include manufacturing for agricultural and forestry machinery, as well as parts and accessories for equipment used in the construction and mining industries.
The company's core product verticals include 3-point linkage systems (3PL) and precision machined parts (PMP). Adjacent product verticals comprise power take off (PTO), fabrications, and hydraulic cylinders or related components. Uniparts offers fully integrated engineering solutions, spanning from conceptualization, development, and validation to the implementation and manufacturing of its diverse product range.
Uniparts India boasts a significant global manufacturing and distribution presence:
* United States: The company operates a manufacturing, warehousing, and distribution facility in Eldridge, Iowa (acquired through Olsen Engineering LLC in 2005, now Uniparts Olsen Inc.), along with an additional warehousing and distribution facility in Augusta, Georgia.
* Europe: A warehousing and distribution facility in Hennef, Germany, serves as a strategic base for catering to key European customers.
* India: Domestic manufacturing plants are located in Punjab, Uttar Pradesh, and Andhra Pradesh, with three facilities in Ludhiana, two in Noida, and one in Visakhapatnam.
With an employee base of 350 workers, Uniparts generates a substantial portion of its revenues, specifically 84.9%, from global geographies, highlighting its international market reach.
As of recent data, Uniparts India has a market capitalization of ₹1,850 crore, although it has seen a decline of 20.5% over the past year. The company reported a revenue of ₹964 crore and a profit of ₹88.0 crore. Promoter holding remains strong at 65.7%.
The company's stock performance has shown volatility:
* Over the past 6 months, the share price has decreased by 2.59%.
* In the last one year, it has decreased by 25.01%.
* The 52-week low for Uniparts India share price was ₹296.65, and the 52-week high was ₹533.95.
In the third quarter of fiscal year 2025 (Q3FY25), Uniparts India Ltd reported:
* Total income of ₹213.57 crores, marking a quarter-over-quarter (QoQ) decrease of 13.4% from ₹246.74 crores in Q2FY25. Compared to Q3FY24's total income of ₹262.56 crores, this represents a year-over-year (YoY) decline of 18.7%.
* Earnings per share (EPS) of ₹4.20, a 10.6% decline QoQ from ₹4.70 in Q2FY25. The YoY decrease is 27.6% when compared to Q3FY24's EPS of ₹5.80.
* Revenue (FY25): ₹963.70 crore (a 15.43% decline from ₹1,139.54 crore in FY24)
* Net Profit (FY25): ₹88.00 crore (a 29.42% decline from ₹124.69 crore in FY24)
* Return on Equity (ROE): 10.03% for the last reported financial year
* Dividend Yield: 1.88% (current)
* P/E Ratio: 19.74 (as of June 30, 2025)
* Management Change: Sudhakar Simhachala Kolli has resigned as Chief Executive Officer (CEO) of Uniparts Olsen Inc. (a US-based wholly-owned subsidiary) and Group Chief Operating Officer (COO) of the Uniparts Group, effective immediately. Sudhakar will remain with the group until January 31, 2025, to ensure a smooth transition of responsibilities.
* Market Expansion: The company is advancing operations in Mexico with a new contract valued at USD 6.5 million, aiming for growth through strategic market expansion and new initiatives.
Despite global economic uncertainties, Uniparts India has demonstrated resilience, strategically positioning itself for growth, particularly in the agriculture and construction sectors. While experiencing a year-on-year revenue decline, quarter-on-quarter improvements and new business acquisitions have fostered optimism for mid-teens growth in FY '26.
Management's focus on operational efficiencies, sustainability, and talent infusion aims to enhance innovation and maintain profitability amidst rising input costs and tariff challenges. Proactive inventory management and dual sourcing strategies are expected to mitigate potential financial impacts, ensuring stability while navigating fluctuating market conditions and currency dynamics.
Although the company has delivered a modest sales growth of 1.22% over the past five years, its strong global presence and diversified product portfolio, serving critical industries, position Uniparts India as a key player in the off-highway vehicle components market.
