UNIPARTS : Ready to fly

**Fundamental Analysis - Uniparts India Limited **

🌐 **Business Model:**
- **Segments:** Agricultural, Construction & Forestry, After-Market.
- **Operations:** Design, manufacture high-quality components; build OEM relationships; global expansion; aftermarket parts/services.

📈 **Revenue Growth:**
- **CAGR:** 15% over the last 5 years.

💹 **Earnings Growth:**
- **Efficiency:** Robust earnings growth, exceeding revenue increase.

📊 **Financial Performance (FY18-FY23):**
- **Revenue:** INR 822Cr to INR 1400Cr (CAGR 15%)
- **PAT:** INR 122Cr to INR 270Cr (CAGR 18%)
- **EPS:** INR 8.2 to INR 18.1 (CAGR 16%)
- **ROE:** Improved from 20% to 25%
- **Operating Margin:** Stable at 17-18%

📉 **Financial Ratios:**
- **Debt-to-Equity:** Moderate at 0.5.
- **Current Ratio:** >1.5, indicating good liquidity.
- **Interest Coverage Ratio:** >5, strong debt servicing capability.

🤼‍♂️ **Major Competitors:**
- Precision Castparts Corp. (PCC)
- Bharat Forge Limited
- Mahindra CIE Automotive Limited
- Tupy S.A.

🏆 **Competitive Advantages:**
- Strong OEM relationships.
- Focus on quality and innovation.
- Diversification across sectors.
- Global presence.

🌍 **Top Customers:**
- John Deere
- CNH Industrial
- AGCO Corporation
- Komatsu
- Caterpillar

💼 **Debt Level & Financial Stability:**
- Moderate debt level; ongoing monitoring essential.

🚀 **Strategies & Investments:**
- Expand product portfolio.
- Focus on aftermarket for recurring revenue.
- Strengthen presence in India and Europe.
- Explore strategic acquisitions/partnerships.

📰 **Latest News:**
- European partnership for construction equipment.
- Plans to invest in a new Indian manufacturing facility.
- Positive analyst reports on demand and positioning.

📊 **Market Data:**
- For traded vs. delivery quantities and share pledge status, refer to real-time financial platforms.


Technical Analysis

Stock has completing its primary wave 2 in daily time frame and has given a sign of recovery form its bottom with good amount of volume.

generating a buy call to ride wave 2 (motive wave) with a good R/R of 1:3 and expecting return of 38% from current levels

Recommended Price : 550 -570
Target Price : 776
Stop Loss : 599


🔍 **Disclaimer:** Information based on available data, not financial advice. Conduct own research and consult a financial advisor before investing.