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Naveen Kumar

25th May · SEBI-Registered Analyst

$UNIPARTS Good result is expected as

Uniparts India makes precision parts for off-highway vehicles, farm equipment, and construction machinery, with ~70% export revenue. Global farm equipment sector (key markets US, Europe) saw demand stabilization in Q4 after a weak first half. AGCO, CNH Industrial, and John Deere reported better-than-expected Q1 2026 (calendar) results, directly benefiting export-dependent suppliers like Uniparts. Rs 7 interim dividend in Q3 FY26 signals strong cash generation. FY26 revenue guidance intact. US Dollar strength supports export realization. Order book healthy from Tier-1 OEM customers. Peers like Suprajit Engineering also reported improved export demand in Q4. Strong balance sheet with zero debt enhances earnings quality. Results expected to be GOOD with revenue growth of 8-12% YoY.

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