Is Uniparts India a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Uniparts India Ltd is a average quality company .

Is Uniparts India undervalued or overvalued?

The key valuation ratios of Uniparts India Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone .

What is Uniparts India share price return in the past 10 years?

Data is not available for this company

Is Uniparts India a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Uniparts India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Uniparts India Ltd - Stock Valuation and Financial Performance

Name: Uniparts India
Brand: Uniparts India

BSE: 543689 | NSE: UNIPARTS | Engineering - Industrial Equipments | Small Cap

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Uniparts India Share Price

₹410.20 -5.35 -1.29%
as on 21-Nov'24 15:40

10 Year X-Ray of Uniparts India:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	4.7%	13.4%	7.6%	7.3%	9.3%	5.7%	14%	33.1%	37.9%	29.7%	-
Value Creation Index ⓘ	-0.7	-0.1	-0.5	-0.5	-0.3	-0.6	-0	1.4	1.7	1.1	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	394	450	412	529	653	538	591	883	929	705	638
Sales YoY Gr.	-	14.3%	-8.5%	28.6%	23.4%	-17.6%	9.9%	49.3%	5.3%	-24.2%	-
Adj EPS ⓘ	1.4	6.2	2.2	1.7	5.8	3.5	8.7	25.4	32.5	30	29.3
YoY Gr.	-	353.3%	-65.4%	-23.3%	250.3%	-40.1%	150.3%	193%	28.2%	-7.7%	-
BVPS (₹) ⓘ	43.5	49	51.5	54.8	58.9	60.4	71.1	89.4	111.6	123.2	128
Adj Net Profit ⓘ	6.2	28	9.7	7.4	26.1	15.6	39.1	115	147	136	132
Cash Flow from Ops. ⓘ	2.7	34.9	38.5	16.4	6.2	93	72.4	55.7	153	168	-
Debt/CF from Ops. ⓘ	51	4	3.3	9.3	35.9	1.9	1.5	1.6	0	0.3	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	6.7%	1.5%	6%	-24.2%
Adj EPS ⓘ	40.9%	39%	51.4%	-7.7%
BVPSⓘ	12.3%	15.9%	20.1%	10.4%
Share Price	-	-	-	-25.2%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	3.2	13.4	4.3	3.1	10.2	5.8	13.2	31.6	32.6	25.7	23.3
Op. Profit Mgn % ⓘ	5.4	12.2	7.2	5.8	8.8	8.2	11.4	15.3	17.5	12.9	12
Net Profit Mgn % ⓘ	1.6	6.2	2.4	1.4	4	2.9	6.6	13	15.8	19.2	20.7
Debt to Equity ⓘ	0.7	0.7	0.6	0.6	0.9	0.6	0.3	0.2	0	0.1	0
Working Cap Days ⓘ	175	163	182	162	158	189	167	133	131	164	135
Cash Conv. Cycle ⓘ	112	101	114	96	95	125	106	85	88	106	95

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 51.38%

Return on Equity has declined versus last 3 years average to 23.30%

Sales growth has been subdued in last 3 years 6.03%

Sales growth is not so good in last 4 quarters at -21.38%

Latest Financials - Uniparts India Ltd.

	Standalone	Consolidated
TTM EPS (₹)	29.3	22.3
TTM Sales (₹ Cr.)	638	1,052
BVPS (₹.) ⓘ	128	195.2
Reserves (₹ Cr.) ⓘ	533	836
P/BV ⓘ	3.25	2.13
PE ⓘ	14.20	18.64

From the Market
52 Week Low / High (₹)	411.00 / 637.65
All Time Low / High (₹)	411.00 / 722.15
Market Cap (₹ Cr.)	1,876
Equity (₹ Cr.)	45.1
Face Value (₹)	10
Industry PE ⓘ	57.5

Management X-Ray of Uniparts India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

0.15

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Uniparts India

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Uniparts India

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	394	450	412	529	653	538	591	883	929	705
Operating Expenses ⓘ	373	395	383	498	599	494	524	748	767	614
Manufacturing Costs	79	126	125	166	150	113	122	166	164	141
Material Costs	179	181	164	226	283	233	257	373	394	299
Employee Cost	68	74	80	91	108	106	102	125	131	130
Other Costs ⓘ	46	14	14	16	58	42	43	83	78	44
Operating Profit ⓘ	21	55	29	31	54	44	67	135	162	91
Operating Profit Margin (%)	5.3%	12.1%	7.1%	5.8%	8.2%	8.2%	11.4%	15.3%	17.4%	12.8%
Other Income ⓘ	8	5	12	11	6	8	19	42	53	101
Interest ⓘ	9	7	6	6	12	11	5	3	3	2
Depreciation ⓘ	13	13	14	15	19	25	25	25	26	27
Exceptional Items ⓘ	0	0	0	1	0	0	0	0	0	0
Profit Before Tax ⓘ	6	39	21	22	30	16	56	149	185	162
Tax ⓘ	0	11	5	7	6	0	13	28	36	20
Profit After Tax	6	28	17	15	23	16	43	121	150	141
PAT Margin (%)	1.5%	6.2%	4.0%	2.8%	3.6%	2.9%	7.3%	13.7%	16.1%	20.1%
Adjusted EPS (₹)	1.4	6.3	3.7	3.3	5.3	3.5	9.7	27.2	33.5	31.3
Dividend Payout Ratio (%)	37%	12%	0%	0%	23%	0%	0%	34%	43%	45%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	194	218	230	244	263	269	317	399	498	556
Share Capital ⓘ	45	45	45	45	45	45	45	45	45	45
Reserves ⓘ	149	174	185	200	218	225	273	354	453	511
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	125	132	118	143	209	156	106	88	0	50
Long Term Debt	19	17	7	15	38	17	3	0	0	0
Short Term Debt	107	115	110	128	172	139	103	88	0	50
Trade Payables	30	30	38	61	47	36	71	69	55	65
Others Liabilities ⓘ	48	47	48	59	62	71	59	64	61	49
Total Liabilities ⓘ	397	428	433	507	581	533	553	620	615	720
Fixed Assets
Gross Block	220	252	261	162	340	363	377	399	411	420
Accumulated Depreciation	76	89	102	0	128	147	169	192	210	232
Net Fixed Assetsⓘ	143	163	160	162	212	215	208	207	201	187
CWIP ⓘ	1	2	11	30	7	8	1	1	3	4
Investmentsⓘ	50	50	50	50	50	51	51	54	67	201
Inventories	82	81	92	119	144	128	134	155	153	150
Trade Receivables	77	86	83	91	101	85	116	161	129	112
Cash Equivalents	2	2	1	2	10	5	6	5	29	8
Others Assetsⓘ	42	43	37	52	56	42	37	38	32	57
Total Assets ⓘ	397	428	433	507	581	533	553	620	615	720

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	3	35	38	16	6	93	72	56	153	168
PBT ⓘ	6	39	21	22	30	16	56	149	185	162
Adjustment ⓘ	17	16	19	20	25	30	16	-3	-16	28
Changes in Working Capital ⓘ	-20	-11	9	-19	-43	52	14	-61	22	1
Tax Paid ⓘ	-1	-10	-6	-6	-5	-4	-13	-29	-39	-22
Cash Flow From Investing Activity ⓘ	-4	-31	-20	-37	-43	-23	0	4	20	-144
Capex	-8	-34	-20	-37	-47	-29	-10	-24	-13	-15
Net Investments	0	0	0	0	0	0	0	0	-16	-133
Others ⓘ	5	3	0	0	4	6	11	28	49	3
Cash Flow From Financing Activityⓘ	0	-4	-19	21	50	-74	-72	-60	-150	-44
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	-3	-9	8	22	-20	-24	-3	0	0
Interest Paid ⓘ	-8	-6	-5	-4	-10	-9	-4	-2	-2	-1
Dividend Paid ⓘ	-5	-4	0	0	-5	-5	0	-40	-53	-90
Others ⓘ	12	8	-5	17	42	-40	-43	-14	-94	47
Net Cash Flow ⓘ	-1	0	-1	1	13	-4	1	0	23	-20

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	3.14	13.6	7.4	6.16	9.24	5.93	14.8	33.87	33.34	26.83
ROCE (%)	4.66	13.36	7.59	7.25	9.27	5.74	13.98	33.07	37.92	29.66
Asset Turnover Ratio	1.03	1.12	0.98	1.13	1.2	0.97	1.09	1.51	1.51	1.06
PAT to CFO Conversion(x)	0.5	1.25	2.24	1.07	0.26	5.81	1.67	0.46	1.02	1.19
Working Capital Days
Receivable Days	67	65	73	60	54	63	62	57	57	62
Inventory Days	73	64	75	72	74	92	81	60	61	79
Payable Days	57	61	76	80	69	65	76	68	58	73

Uniparts India Ltd Stock News

Uniparts India Ltd FAQs

What is the share price of Uniparts India?

Company share prices are keep on changing according to the market conditions. The closing price of Uniparts India on 21-Nov-2024 15:40 is ₹410.2.

What is the market cap of Uniparts India?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 15:40 the market cap of Uniparts India stood at ₹1,875.5.

What is the P/E ratio of Uniparts India?

The latest P/E ratio of Uniparts India as of 21-Nov-2024 15:40 is 14.20.

What is the P/B ratio of Uniparts India?

The latest P/B ratio of Uniparts India as of 21-Nov-2024 15:40 is 3.25.

What is the 52-week high and low of Uniparts India?

The 52-week high of Uniparts India is ₹637.6 and the 52-week low is ₹411.0.

What is the TTM revenue of Uniparts India?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Uniparts India is ₹637.8 ( Cr.) .

About Uniparts India Ltd

The company was incorporated as ‘Uniparts India Limited’ under the Companies Act, 1956 at Delhi, pursuant to a certificate of incorporation dated September 26, 1994 issued by the Registrar of Companies, Delhi and Haryana at Delhi (RoC). The company received a certificate of commencement of business on September 7, 1998 from the RoC.

Uniparts India is a global manufacturer of engineered systems and solutions and is one of the leading suppliers of systems and components for the off-highway market in the agriculture and construction, forestry and mining (CFM) and aftermarket sectors on account of its presence across many countries. It is a concept-to-supply player for precision products for off-highway vehicles (OHVs) with presence across the value chain. Its product portfolio includes 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 components thereof. It has a leading presence in the manufacture of 3PL and PMP products globally on account of it serving some of the largest global companies. Most of its products are structural and load bearing parts of the equipment and are subject to strict tolerances, specifications and process controls. A series of precision engineering process steps converge in to manufacturing of these products. It also caters to the aftermarket segment especially for 3PL product range. It provides replacements of 3PL parts to organized aftermarket retailers and distributors in North America, Europe, South Africa and Australia.

The company offers fully integrated engineering solutions from conceptualization, development and validation to implementation and manufacturing of its products. The conceptualization stage involves acquiring market intelligence, assessing customer requirement and formulating customized strategy for individual customers. The development phase includes product designing, material procurement and processing. This is followed by the validation phase, which involves prototyping, testing and feasibility analysis. Its in-house manufacturing and implementation competencies include forging, machining, fabrications, heat treatment, surface finish, logistics, quality and testing, design and validation. By means of servicing its aftermarket segment customers, its products find indirect access to a large set up of retail stores across geographies for aftermarket components. Within the aftermarket category, it is focused on the ‘will-fit’ parts segment, sold to distributors and retail chain stores.

Business area of the company

The company is a manufacturer of engineered systems and solutions. The company provides comprehensive solutions and manufacture high-quality, critical products and components for Off Highway Vehicles (OHV) industry, including complete assemblies of precision engineered products and end-to-end solutions ranging from product conceptualization, design, prototyping, testing, development and assembly to customized packaging and delivery.

Awards and Accreditations

1998: UOI was awarded with (i) outstanding supplier performance; and (ii) recognition to the people of Olsen for their excellence in quality, teamwork and customer service, by Dubuque Works.
2000: UOI was awarded with ‘10 Year Hall of Fame’ (1991 – 2000) by John Deere Davenport Works.
2002: The Company was awarded with ‘All India Certificate of Export Excellence’ in recognition of achieving highest exports during 2001–2002 amongst SSI units in the Agricultural Machinery Panel by Engineering Export Promotion Council.
2002: GFPL was awarded with ‘All India Trophy for Highest Exporters’ in the category of capital goods exporters – SSI during 2001 – 2002 by Engineering Export Promotion Council.
2003: The Company was awarded with ‘All India Certificate of Export Excellence’ in recognition of achieving highest exports during 2002–2003 amongst SSI units in the Agricultural Machinery Panel by Engineering Export Promotion Council.
2005: UOI was awarded with ‘15 Year Hall of Fame’ (1991–2005) by John Deere.
2007: The Company was awarded with ‘All India Award for Export Excellence’ for special contribution for highest growth in exports as large enterprise by Engineering Export Promotion Council.
2008: The Company was awarded with a gold trophy for ‘Top Exporter of the year’ 2007-2008 by Engineering Export Promotion Council.
2010: Recognition at JCB Annual Supplier Conference by JCB India Limited.
2013: The Company won the first prize at CII Kaizen Competition.
2014: The Company was awarded with ‘Best Supplier Award’ for overall performance by Tractors and Farm Equipment Limited.
2014: The Company was awarded with ‘Kubota India GM Award’.
2015: The Company was ranked at 432 by the Fortune India Next 500.
2016: Uniparts Group was awarded with ‘Company with Great Managers’ Trophy at the Great Manager Awards.
2017: The Company was awarded with ‘Innovative use of Training and Development as an HR Initiative for OD’ by Global Training Development Leadership.
2018: The Company was awarded two awards at the 9th National Kaizen Competition by Chamber of Industrial & Commercial Undertaking.
2018: The Company was awarded with ‘Special Trophy for Excellence in Exports of MEIS items 2015-20 Large Enterprise’ by Engineering Export Promotion Council.
2018: The Company was awarded with ‘Best Supplier Award’ for outstanding contribution in co-creating value by TAFE.
2019: The Company was awarded with ‘Overall Excellence in Procurement and Sourcing Cost Reduction’ in Procurement Tech Summit and Awards 2019.
2019: The Company won a silver trophy at the CII National Kaizen Circle Competition 2019.
2020: The Company was awarded ‘Most Versatile Supplier 2020’ by Kubota India.
2021: The Company was recognized as “A Most Emerging Supplier” by Kubota Manufacturing Trading Japan.
2021: The Company was awarded the “Delivery Performance Award” by Kubota Agriculture India.
2022: The Company was awarded with a “Certificate of Excellence” for the year 2021 at the Indian Supplier Meet – 2022 by Kubota India.

Major events

1994: Incorporation of the Company.
2000: Commenced sales to domestic OEMs in agriculture sector in India and developed its 3PL OEM product vertical.
2000: Established the first facility in Noida, Uttar Pradesh.
2001: Commenced sales to John Deere in India.
2002: Commenced sales to John Deere in Spain.
2003: Commenced sales to John Deere in the USA.
2004: Commenced sales to OEMs in Japan.
2005: Consolidated various businesses into the Company including those of Gripwel Fasteners, Farmparts Company and SKG Engineering Private Limited.
2005: Incorporated UUL as a wholly owned subsidiary and acquired a majority stake in UOI.
2005: Acquired a manufacturing and distribution facility in the USA, in Eldridge, Iowa.
2005: Commenced sales to OEMs in the construction sector in the USA.
2005: Set up a warehousing and distribution facility in Augusta, Georgia.
2006: Commenced manufacturing products for the PMP vertical in India.
2007: Acquired the balance equity stake in UOI.
2007: Acquired 50% + 1 share equity interest in Kavee (a joint venture with Kramp), which owned 100% interest in Uniparts Kavee Services B.V.
2007: Ashoka Investment Holdings Limited and Ambadevi Mauritius Holding Limited made an equity investment in the Company.
2007: Consolidated the business of Sweaty Spirit Apparel Limited (formerly known as Ace Tractor Parts Limited) into the Company.
2007: Started manufacturing hydraulic cylinder components in one of the Noida facilities in Uttar Pradesh.
2008: Commenced operations at the manufacturing facility located at Visakhapatnam, Andhra Pradesh.
2008: GFPL became a wholly owned subsidiary of the Company.
2010: Set up a warehousing and distribution facility in Hennef, Germany.
2011: Started sales to the hydraulics market in USA from the manufacturing facility located at Visakhapatnam, Andhra Pradesh.
2012: Commenced sale of components for the European construction OEM market.
2013: Sold entire equity interest in Kavee, with effect from April 1, 2012, to Kramp.
2017: Added raw material storage space in Noida, Uttar Pradesh.
2018: Commenced sales to Kobelco.
2018: Added warehousing space at facility in Augusta, USA.
2018: Added additional distribution centre and office space in Noida, Uttar Pradesh.
2018: Moved the warehousing facility of UUL to new larger leased location in Richmond County, Georgia.
2021: Incorporation of GCPL, a wholly owned subsidiary of Company.
2022: Uniparts Europe B.V. was liquidated and de-registered and is therefore no longer a direct Subsidiary of Company.