Uniparts India Ltd — Q4 FY26 earnings call
Summary generated by AI from the official transcript Uniparts India Ltd filed with BSE on 01 Jun 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
Uniparts India reported Q4 FY26 revenue growth of approximately 31% year-on-year and 18% sequentially, with full-year FY26 revenue growing 21% over FY25, exceeding earlier guidance of mid-teens growth. The company delivered a 24% EBITDA margin in Q4 and 22% for the full year, ending the year net debt free with net cash of Rs 160 crores. Management discussed a fire incident at its Ludhiana facility, geopolitical supply chain disruptions from West Asia, and trailing 12-month new business wins exceeding Rs 225 crores.
Numbers mentioned
Revenue growth: approximately 31% year-on-year (Q4 FY26)
p. 3
“Therefore, to start with in quarter 4 FY26, we delivered approximately 31% year-on-year revenue growth and about 18% sequential growth over quarter 3.”
Gurdeep Soni, page 3 of the filed PDF · View the filing
Revenue growth: 21% over FY25 (FY26)
p. 3
“At the same time, for the full year FY26, the revenue grew by 21% over FY25.”
Gurdeep Soni, page 3 of the filed PDF · View the filing
Revenue from operations: Rs 339 crores, up 34% year-over-year and 21% quarter-over-quarter (Q4 FY26)
p. 5
“The revenue from operations stood at INR339 crores, up 34% year-over-year and 21% quarter-over-quarter.”
Sandeep Taneja, page 5 of the filed PDF · View the filing
EBITDA: Rs 81 crores, up 95% year-over-year and 32% quarter-over-quarter (Q4 FY26)
p. 5
“EBITDA was INR81 crores, up 95% year-over-year and 32% quarter-over-quarter.”
Sandeep Taneja, page 5 of the filed PDF · View the filing
Profit after tax: Rs 51 crores, up 124% year-over-year and 53% quarter-over-quarter (Q4 FY26)
p. 5
“Profit after tax stood at INR51 crores, up 124% year-over-year and 53% quarter-over-quarter.”
Sandeep Taneja, page 5 of the filed PDF · View the filing
EBITDA margin: 24% (Q4 FY26)
p. 5
“Uniparts delivered an EBITDA margin of 24% and 22% EBITDA margin for the full year FY26.”
Gurdeep Soni, page 5 of the filed PDF · View the filing
Net cash position: Rs 160 crores (as of March 2026)
p. 5
“The cash flow remains strong, and the company continues to be net debt free with a net cash position of INR160 crores as on March 2026.”
Gurdeep Soni, page 5 of the filed PDF · View the filing
Trailing 12-month EPS: INR35.07 (post Q4 FY26)
p. 5
“In fact, the trailing 12-month EPS post the quarter 4 results is INR35.07, which is 80% higher than that at the end of FY25.”
Gurdeep Soni, page 5 of the filed PDF · View the filing
Operating cash flow: Rs 52 crores in Q4 and Rs 174 crores in FY26 (Q4 FY26 and FY26)
p. 5
“Operating cash flow was INR52 crores in Q4 and INR174 crores in FY26.”
Sandeep Taneja, page 5 of the filed PDF · View the filing
Net working capital: 136 days (trailing 12-month, as of March 2026)
p. 5
“Net working capital is 136 days on our trailing 12-month revenue as of March 2026.”
Sandeep Taneja, page 5 of the filed PDF · View the filing
Capex: Rs 12 crores (Q4 FY26)
p. 5
“capex stands at INR12 crores for the quarter and the new business awards were over INR225 crores in annualized potential over last 12 months.”
Sandeep Taneja, page 5 of the filed PDF · View the filing
New business wins: exceeding INR225 crores (trailing 12 months)
p. 5
“our new business momentum actually has gained meaningful traction with trailing 12-month business wins exceeding INR225 crores, growing over 12.5% over quarter-on-quarter”
Gurdeep Soni, page 5 of the filed PDF · View the filing
Total dividend distributed: INR170 crores (FY26)
p. 5
“In fact, the total dividend distributed for FY26 was INR170 crores, underscoring our commitment to disciplined capital allocation and shareholders' return.”
Gurdeep Soni, page 5 of the filed PDF · View the filing
Warehousing channel share of sales: about 51% (FY26)
p. 10
“So, I think if you look at the full year sales for FY26, the warehousing channel has given us about 51% of sales.”
Tanushree Bagrodia, page 10 of the filed PDF · View the filing
Large ag share of revenue: close to 20% (end of FY26)
p. 16
“Rest of the world is less than 1%. And what is the share of large ag in our business at the end of FY26, it's close to 20%.”
Tanushree Bagrodia, page 16 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
Revenue growth — in line with FY26 · FY27
stated firmly by Gurdeep Soni
p. 5
“Overall, we do expect the growth in FY27 to be in line with what it was in FY26, supported by an improving industry cycle, execution of recent business rewards and wins and a gradual recovery across the end markets.”
Gurdeep Soni, page 5 of the filed PDF · View the filing
EBITDA margin — above 20% · FY27
stated conditionally by Tanushree Bagrodia
p. 6
“We have said consistently that 20% EBITDA is sustainable over the cycle. And as volumes build through FY27, we expect to operate comfortably above that level.”
Tanushree Bagrodia, page 6 of the filed PDF · View the filing
Capex — 2.5% to 3.5% of revenue
stated firmly by Tanushree Bagrodia
p. 7
“Madhur, our capex plans remain unchanged at about 2.5% to 3.5% of our revenue, and that is consistent, and we will not be deviating from there.”
Tanushree Bagrodia, page 7 of the filed PDF · View the filing
Small agriculture segment growth — approximately 5% growth · FY27
stated firmly by Gurdeep Soni
p. 4
“Overall, the segment is poised for approximately 5% growth in FY27, in line with industry estimates.”
Gurdeep Soni, page 4 of the filed PDF · View the filing
Fire-affected facility restoration — normal operations · by end of the year
stated firmly by Tanushree Bagrodia
p. 7
“the efforts are underway to rebuild and to be online by the end of the year”
Tanushree Bagrodia, page 7 of the filed PDF · View the filing
Q1 FY27 revenue — in line with Q4 · Q1 FY27
stated firmly by Gurdeep Soni
p. 5
“Therefore, sequentially, we expect Q1 to be in line with Q4.”
Gurdeep Soni, page 5 of the filed PDF · View the filing
H2 FY27 performance vs H1 — FY27
stated firmly by Gurdeep Soni
p. 5
“And overall, we expect second half of FY27 to be stronger than the first half of '27.”
Gurdeep Soni, page 5 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Management said 20% EBITDA is sustainable over the cycle and they expect to operate comfortably above that as volumes build, though exact outcome depends on revenue ramp-up and delivery mix.
Answered by Tanushree Bagrodia
Asked by Madhur Rathi: Is 24% EBITDA margin sustainable going forward?
p. 6
“We have said consistently that 20% EBITDA is sustainable over the cycle. And as volumes build through FY27, we expect to operate comfortably above that level.”
Tanushree Bagrodia, page 6 of the filed PDF · View the filing
Management said the insurance policy covers loss of profits including any increased costs incurred due to the fire.
Answered by Tanushree Bagrodia
Asked by Sunil Jain: Was there margin impact from the fire and outsourcing?
p. 7
“This insurance policy does not only cover the fixed assets in the inventory, but any loss of profits that we have, which includes any costs that we are -- increased costs that we incur due to the fire.”
Tanushree Bagrodia, page 7 of the filed PDF · View the filing
Management said they have evaluated about a dozen targets since IPO, came close twice, and both fell through, and they apply a strict framework before proceeding.
Answered by Tanushree Bagrodia
Asked by Sujal Jain: Is there an update on the acquisition that has been discussed for a while?
p. 8
“I think what I want to share today is that we have evaluated about a dozen targets since IPO across the platforms that we want to grow in. We have been close on 2 occasions, and both fell apart for varied reasons.”
Tanushree Bagrodia, page 8 of the filed PDF · View the filing
Management explained the INR225 crores figure represents a rolling trailing 12-month annualized potential of new project wins, and that this has held steady for a few quarters.
Answered by Tanushree Bagrodia
Asked by Anubhav Mukherjee: What is the total outstanding order book versus the declared order wins?
p. 12
“This represents the annualized potential of new projects won in the trailing 12 months.”
Tanushree Bagrodia, page 12 of the filed PDF · View the filing
Management attributed the margin to 18% sequential volume-driven growth giving better fixed cost absorption and a rise in warehousing sales, the highest-margin segment, not a one-off item.
Answered by Tanushree Bagrodia
Asked by Prolin Nandu: Is there anything one-off in the 24% Q4 EBITDA margin?
p. 13
“there is an 18% sequential growth that has happened, which is largely driven by volumes, right? And that volume rise has obviously given the operating leverage a larger room to play”
Tanushree Bagrodia, page 13 of the filed PDF · View the filing
Management said current EBITDA margins are already better than the last time revenue was at similar levels, and they remain comfortable above 20%, with exact outcome depending on delivery channel mix.
Answered by Tanushree Bagrodia
Asked by Abhishek Shah: Could margins surpass the previous cycle peak given cost measures taken?
p. 14
“if you look at the FY26 results where we are roughly at about a INR1,200 crores turnover number and you see when was it last that we reached that number, yes, our EBITDA margins are better than what they were at that time.”
Tanushree Bagrodia, page 14 of the filed PDF · View the filing
Management said the inventory valuation impact on material cost was about 2%, similar to Q2, and that it is not guaranteed to recur since it depends on currency direction.
Answered by Tanushree Bagrodia
Asked by Viraj: What was the forex/inventory valuation gain in Q4 and for the full year?
p. 17
“So, 2% is a good number to saying that that's the impact on the material cost because of the currency.”
Tanushree Bagrodia, page 17 of the filed PDF · View the filing
Risks flagged
West Asia geopolitical escalation causing supply chain uncertainty and input price increases
p. 3
“In March, a fresh escalation in West Asia introduced supply chain uncertainty that required swift action.”
Gurdeep Soni, page 3 of the filed PDF · View the filing
Fire incident at Ludhiana facility disrupting operations
p. 3
“As communicated previously, towards the end of quarter 3, one of our facilities in Ludhiana experienced a fire incidents in the finishing shop.”
Gurdeep Soni, page 3 of the filed PDF · View the filing
Large agricultural machinery industry volumes continuing to decline in North America
p. 4
“In North America and particularly, the industry volumes for large tractors continues to track down in the mid-to-high teens year-on-year.”
Gurdeep Soni, page 4 of the filed PDF · View the filing
Uncertainty over how Indian tractor demand will react to the monsoon
p. 4
“the tractor industry demand remains stable, although we have to see how it reacts to the monsoons”
Gurdeep Soni, page 4 of the filed PDF · View the filing
Rising input prices from geopolitical situation partly offset by favourable exchange rates
p. 3
“While the evolving geopolitical situation has resulted in increasing input prices, some of this inflation is being mitigated by favourable exchange rates.”
Gurdeep Soni, page 3 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.