Uniparts India Ltd

Uniparts India Ltd

₹ 412 0.18%
22 Nov - close price
About

Incorporatedin1994, Uniparts India provides engineering systems and solutions catering to international OEMs across the off-highway vehicle, agricultural machinery, and construction equipment sectors[1]

Key Points

** Business Overview:[1]
a) UPIL is a global manufacturer of engineering systems and solutions, servicing global OEMs in the off-highway vehicle, agricultural machinery and construction equipment sectors.
b) It primarily manufactures three-point linkage assemblies for the agricultural machinery sector and precision machined parts for the agriculture and construction sectors.
c)** It also manufactures other products such as hydraulic cylinders (for agriculture and construction sectors), power take-off devices(for the agriculture sector) and fabrication parts(for agriculture and construction sectors).

  • Market Cap 1,859 Cr.
  • Current Price 412
  • High / Low 638 / 410
  • Stock P/E 14.1
  • Book Value 128
  • Dividend Yield 3.40 %
  • ROCE 29.0 %
  • ROE 26.8 %
  • Face Value 10.0

Pros

  • Stock is providing a good dividend yield of 3.40%.
  • Company has delivered good profit growth of 43.3% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 30.8%
  • Company has been maintaining a healthy dividend payout of 40.4%

Cons

  • The company has delivered a poor sales growth of 1.53% over past five years.
  • Tax rate seems low
  • Earnings include an other income of Rs.103 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
244 226 227 250 236 216 179 186 162 178 153 145
200 191 191 207 188 178 145 162 144 155 132 131
Operating Profit 43 34 37 43 48 38 34 25 18 23 21 15
OPM % 18% 15% 16% 17% 20% 18% 19% 13% 11% 13% 14% 10%
1 25 17 0 1 31 28 1 36 27 5 36
Interest 1 1 1 1 1 0 0 0 1 1 1 2
Depreciation 6 6 6 6 7 7 7 7 7 7 7 7
Profit before tax 37 53 46 36 41 62 55 18 46 43 18 42
Tax % 25% 9% 16% 26% 27% 12% 13% 26% 8% 12% 26% 7%
28 48 39 26 30 54 47 13 43 38 13 39
EPS in Rs 6.21 10.64 8.54 5.84 6.65 12.04 10.51 2.98 9.50 8.34 2.90 8.54
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
534 653 538 591 883 929 705 638
492 599 493 519 738 763 606 561
Operating Profit 41 54 44 72 145 166 99 76
OPM % 8% 8% 8% 12% 16% 18% 14% 12%
2 6 7 14 32 48 92 103
Interest 6 12 11 5 3 3 2 4
Depreciation 16 19 25 25 25 26 27 27
Profit before tax 21 30 16 56 149 185 162 148
Tax % 35% 21% -2% 23% 19% 19% 13%
14 23 16 43 121 150 141 132
EPS in Rs 3.05 5.19 3.49 9.62 26.87 33.13 31.33 29.28
Dividend Payout % 0% 0% 0% 34% 34% 43% 45%
Compounded Sales Growth
10 Years: %
5 Years: 2%
3 Years: 6%
TTM: -22%
Compounded Profit Growth
10 Years: %
5 Years: 43%
3 Years: 48%
TTM: -9%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -24%
Return on Equity
10 Years: %
5 Years: 25%
3 Years: 31%
Last Year: 27%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 45 45 45 45 45 45 45 45
Reserves 202 221 228 277 358 454 511 533
156 222 173 115 97 14 61 68
108 93 87 117 119 102 103 103
Total Liabilities 511 581 533 553 620 615 720 749
161 212 215 208 207 201 187 184
CWIP 30 7 8 1 1 3 4 1
Investments 50 50 51 51 54 67 201 269
269 312 259 294 359 343 327 294
Total Assets 511 581 533 553 620 615 720 749

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
12 6 93 72 56 153 168
-37 -48 -24 0 3 20 -144
22 50 -74 -72 -60 -150 -44
Net Cash Flow -3 8 -6 1 -1 23 -20

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 65 57 57 72 66 51 58
Inventory Days 192 185 200 191 151 142 183
Days Payable 98 60 56 100 67 51 79
Cash Conversion Cycle 159 182 201 162 150 141 162
Working Capital Days 113 120 119 113 100 86 115
ROCE % 9% 6% 14% 33% 37% 29%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
65.79% 65.79% 65.66% 65.66% 65.66% 65.66% 65.66% 65.66%
7.49% 6.63% 5.48% 3.33% 2.30% 2.28% 2.32% 1.78%
9.27% 10.90% 10.87% 11.04% 9.70% 9.29% 8.92% 8.47%
15.48% 15.10% 16.46% 19.04% 21.51% 21.95% 22.27% 23.75%
1.98% 1.57% 1.53% 0.94% 0.84% 0.83% 0.83% 0.34%
No. of Shareholders 1,27,79798,41987,98981,92186,89786,55685,88385,332

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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