Uniparts India Ltd

- There is no mention of any current or planned fundraising through debt or equity by Uniparts India Limited. - The company remains net debt-free with a net cash position of approximately INR 226 crores as of September 30, 2025. - The board approved and paid both interim and special dividends in FY26, reflecting strong cash flow and disciplined capital allocation. - The company continues to evaluate inorganic growth opportunities but is not constrained financially, as it remains debt-free. - Any acquisitions under consideration aim to be ROE- and ROCE-accretive and strategic rather than deep turnaround stories. - Overall, Uniparts focuses on organic growth and prudently evaluates acquisitions; no explicit plans for fundraising via debt or equity were indicated.

- CAPEX outflow during the quarter (Q2 FY26) was approximately Rs.6 crores (Page 6). - The company is focused on organic and inorganic growth opportunities, including potential acquisitions that are ROE and ROCE accretive and strategic to the customer (Page 18). - The board approved and paid an interim dividend and a special dividend while continuing to evaluate inorganic growth opportunities, indicating a disciplined capital allocation approach (Page 10 and 18). - Uniparts remains a net debt-free and cash-positive company, enabling flexibility to invest in growth or acquisitions as opportunities arise (Page 6 and 18). - Strategic investments include expanding manufacturing footprint, such as operationalizing a Mexico warehouse in October 2025 to support customer delivery and tariff mitigation (Page 5). - Focus areas for growth and potential acquisition include key platforms like fabrication, hydraulics, and PTOs (Page 18).

- FY26 expected to have mid-teens sales growth, with new business contributing 11-12% and existing business 3-4%. - FY27 outlook is better than FY26 based on current order books and customer interactions. - Large Ag segment in North America still weak; growth expected to resume in FY27 with market bottoming out. - Construction segment showing strong growth globally (US and Europe), driven by infrastructure and green energy projects. - Small Ag segment performing well, especially in Asia and India aided by GST rate cuts; Europe and North America expected to recover by FY27. - New business awards remain robust at around Rs. 200 crores annually, indicating healthy order inflows. - Company aims to outperform end-market growth by 7-10% through new business wins and diversification. - Growth driven by expanded geographic reach (Europe, US, Mexico warehouse) and customer diversification. - Inorganic growth remains a strategic focus but will be pursued selectively to ensure ROE/ROCE accretion.

- FY26 expected to see mid-teens growth, but large ag segment may see double-digit degrowth; performance in other segments like construction and small ag is strong. - FY27 projected to be better than FY26 in terms of growth based on current order books and customer interactions. - Peak earnings level of Rs.45-50 per share (achieved in 2023) expected to be regained by FY27 or mid-FY28. - Operating leverage is evident; as growth picks up, margin expansion is anticipated, with normalized EBITDA margins trending towards 18%-20%, and a long-term target of around 20%. - Impact of tariffs and FX movements has temporarily boosted margins; normalization expected but overall margin improvement is sustainable. - New business wins worth approx. Rs.200 crores annually reflect strong growth potential. - Growth driven by diversified segments: construction, large ag in Europe, small ag in Asia, and aftermarket segments.

- New business awards over the past 12 months total approximately INR 200 crores in annualized potential value. (Page 6) - The new business award pipeline continues to be robust at around Rs. 200 crores. (Page 5) - Order books and customer interactions as of November 2025 indicate a positive outlook with FY27 expected to show better growth than FY26. (Page 16) - Construction segment is showing strong order book growth, with earlier-than-expected revival compared to agriculture. (Pages 5, 9) - The company is focused on expanding footprint in large agricultural and construction equipment segments supported by strong order inflows. (Page 5)