NSE: UNIMECH · BSE: 544322
UNIMECH AEROSPACE N MFG L
Manufactures precision-engineered components and subsystems for global aerospace, nuclear, defense, semiconductor and energy OEMs, with roughly 89-90% of revenue earned from exports across 35 customers in 7 countries. In April 2026 the company acquired Hobel Bellows at a Rs. 450 crore enterprise value, adding metallic bellows capability (metal forming, hydroforming, precision pipe fabrication and advanced welding) from a 200,000 sq ft Visakhapatnam SEZ facility that currently runs at 50-60% utilisation. The current order book stands at approximately Rs. 314 crore (of which Rs. 86.6 crore is nuclear), with FY26 order inflows of Rs. 3,831 million described as the highest ever. Other recent moves include a USD 30 million joint venture with Yusuf Bin Ahmed Kanoo Group in Saudi Arabia and a long-term supply agreement signed with Austria-based aerospace Tier-1 supplier FACC Operations GmbH for precision-engineered aerospace components. FY26 revenue was Rs. 240.5 crore with EBITDA of Rs. 75.1 crore and net profit of Rs. 63.3 crore, while materials at 25.4% of revenue and employee costs at 22.2% are the largest cost lines alongside depreciation at 10.9% and capex at 14.5% of revenue. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Precision aerospace components and subsystems, Metallic bellows, Nuclear-grade components, Defense and other engineered components. High-precision components and subsystems manufacturer; export-heavy, capability-led growth via M&A and JVs.
Exhibit 1: Financial summary, FY25–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY25 | FY26 |
|---|---|---|
| Revenue | 243 | 240 |
| EBITDA (ex other income) | 92 | 75 |
| margin % | 37.9 | 31.2 |
| Owners' profit | 0 | 63 |
| EPS, as reported (₹) | 17.59 | 12.44 |
| ROE % · ROCE % | 12.5 · 14.9 | 8.6 · 12.3 |
| Debt / equity (x) | 0.11 | 0.15 |
| Cash from operations | 81 | 61 |
| Capex | (131) | (35) |
Exhibit 2: Quarterly performance, last 7 quarters
| ₹ crore | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|
| Revenue | 54 | 68 | 63 | 62 | 34 | 82 | 108 |
| Profit before tax | 19 | 33 | 24 | 21 | 4 | 32 | 37 |
| Net profit | 16 | 29 | 19 | 16 | 2 | 26 | 28 |
| EPS (₹) | 3.37 | 6.16 | 3.76 | 3.08 | 0.47 | 5.13 | 5.48 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| HINDUSTAN AERONAUTICS LTD | 3,24,693 | 34.8 | 7.91 | 23.8 | 22.2 | 13.7 | 7.8 | 44.0 |
| BHARAT ELECTRONICS LTD | 2,68,964 | 43.8 | 11.20 | 31.0 | 25.3 | 31.9 | 14.4 | 28.1 |
| BHARAT DYNAMICS LIMITED | 36,876 | 70.8 | 8.70 | — | 9.9 | 7.2 | — | 32.6 |
| DATA PATTERNS INDIA LTD | 23,139 | 86.3 | 13.33 | — | 15.6 | 20.3 | — | 33.3 |
| GARDEN REACH SHIP&ENG LTD | 21,994 | 27.5 | 8.38 | — | 28.5 | 36.2 | — | 13.7 |
| APOLLO MICRO SYSTEMS LTD | 15,810 | 123.0 | 12.08 | 72.4 | 8.2 | 10.4 | 34.8 | 22.3 |
| ASTRA MICROWAVE LTD | 14,906 | 78.8 | 11.34 | 42.6 | 14.7 | 17.2 | 12.7 | 20.1 |
| AEQUS LIMITED | 14,647 | — | 9.86 | 93.0 | (7.6) | (3.8) | — | 5.4 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 120.3 | 70.8 | 19 of 23 | 18% |
| P/B | 11.8 | 9.9 | 17 of 23 | 27% |
| ROCE | 10.3 | 13.6 | 19 of 26 | 28% |
| ROE | 8.6 | 10.9 | 15 of 23 | 36% |
| Debt / Equity | 0.1 | 0.0 | 15 of 23 | 36% |
| EBITDA margin | 43.3 | 22.3 | 3 of 23 | 91% |
| Revenue growth | 70.9 | 24.9 | 5 of 23 | 82% |
| Profit growth | 45.7 | 14.9 | 6 of 21 | 75% |
| Market cap | 8661 | 6484 | 11 of 26 | 60% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 27 Oct 2026 · Public issue funds redirected to acquisitions, projects and joint ventures | compliance | minimal | — | — |
| 27 Oct 2026 · All Rs 250 crore IPO proceeds fully utilised by September 2026 | compliance | minimal | — | — |
| 27 Oct 2026 · Q2 FY27 operating revenue doubles as order book reaches ₹8,546 million | compliance | low | — | — |
| 27 Oct 2026 · Q2 and H1 FY27 revenue up 98% and 85%, order book at Rs 855 crore | investor communications | medium | — | — |
| 27 Oct 2026 · Q2 profit rises; Hobel Bellows transfer and management change approved | management changes | low | — | — |
| 27 Oct 2026 · September 2026 quarter revenue doubles as profit after tax rises sharply | results | high | — | — |
| 27 Oct 2026 · Q2 FY27 profit nearly doubles; Board approves Hobel buyout and Saudi stake | results | high | — | — |
| 26 Oct 2026 · Unimech subsidiary signs long-term Honeywell Aerospace manufacturing agreement | business updates | high | — | — |
| 22 Oct 2026 · Unimech Aerospace Q2 FY27 earnings call scheduled for October 28 | board shareholder meetings | low | — | — |
| 22 Oct 2026 · Board meeting set for October 27 financial results | results | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
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Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.