Unimech Aerospace and Manufacturing Ltd(UNIMECH)

NSE: UNIMECHBSE: 544322

₹ 1,619.2+3.66%refreshed 26 Oct, 12:30 pm ISTMarket cap: ₹ 8,242 crNext results: 27 Oct 2026Website: www.unimechaerospace.comUpdated: 24 Oct 2026

About

Unimech Aerospace and Manufacturing Ltd is a precision engineering company based in Bengaluru, India. It makes aerospace tooling, ground support equipment, precision components, nuclear sub-systems, and metallic bellows through its wholly owned subsidiary Hobel Bellows. It reported FY26 revenue of 240.49 and its highest-ever quarterly revenue of INR 1,076.2 mn in Q1 FY27. About 90% of revenues come from exports, the United States is the largest market, and it serves about 35 customers across the US, Canada, Europe, Singapore, Israel and India.^[1][2]

Business segments

Aero Tooling and MRO Tooling made up about 90% of total revenues in FY26. The segment covers engine stands, MRO tooling and ground support equipment for commercial aerospace programmes.^[2]
Precision Components & Assemblies made up about 10% of revenues in FY26, with parts for semiconductor, medical and defence tier-1 OEMs.^[2]
In Q1 FY27, aero tooling made up ~76% of consolidated revenue. Hobel Bellows made up ~21% (~INR 220 mn), though it was consolidated for only 2 months after its April 2026 acquisition.^[3]

Products and portfolio

The portfolio covers aero tooling systems, GSE, engine stands, precision engineered components, electro-mechanical sub-assemblies, nuclear sub-systems, and metallic bellows and exhaust manifolds.^[2]
As of FY26, the company has engine tooling capabilities on LEAP 1A/1B, P&W GTF and Trent XWB platforms.^[2]
At the close of FY26, the company had qualified over 5,923 SKUs: 4,718 tooling SKUs and 1,205 precision parts SKUs.^[2]
Unimech holds a ~30% stake in Dheya Engineering Technologies, bought before its IPO, and has exclusive global manufacturing rights for Micro Gas Turbine engines and their sub-systems.^[2][4]
As of FY26, Dheya's DET500 engine had completed validation at up to 90% load capacity, with over 500 minutes of runtime and 100+ test cycles without major failures.^[2]

Manufacturing operations

As of FY26, the manufacturing footprint exceeds 5,63,000 sq. ft. across five units in Bengaluru, Visakhapatnam and Saudi Arabia.^[2]
As of FY26, the Aero Tooling Unit at Devanahalli Aerospace SEZ, Bengaluru, covers 1,50,000 sq. ft. and has installed capacity of more than 6.8 lakh machine hours a year.^[2]
The High Precision Components and Assembly Unit at Devanahalli Industrial Area covers 93,000 sq. ft. It opened at 33,000 sq. ft. in October 2025 and added 60,000 sq. ft. in January 2026.^[2]
Hobel Bellows' Engineered Components Unit at Duvvada SEZ, Visakhapatnam, covers 2,00,000 sq. ft., with another 20,000 sq. ft. of warehousing (FY26).^[2]
The Kanoo Unimech unit covers 90,000 sq. ft. in Modon Industrial Area, Dammam, Saudi Arabia, and serves oil & gas, energy and industrial customers across the GCC (FY26).^[2]
In Q1 FY27, facilities ran at about 58% revenue-yielding utilisation, with another ~10% of capacity used for new product introduction and qualification.^[3]

Key operating numbers

The consolidated order book was INR 2,803 mn on 30 June 2026: Unimech standalone INR 1,802 mn and Hobel INR 1,001 mn. This includes INR 873 mn of nuclear orders.^[3]
FY26 order inflows were Rs. 383.1 crores, the highest ever for a year. The consolidated order book in May 2026 was Rs. 314 crores.^[5]
In Q1 FY27, 165 First Article Inspections were completed, and ~80% of precision parts moved from qualification to serial production.^[3]
Working capital days were ~130 in Q1 FY27, up from ~120 - 125 days at March 2026.^[3]
Fixed asset turnover was ~2x in Q1 FY27, up from 1.4x in FY26.^[3]
Total employees were 1,232 in Q1 FY27: 853 Unimech staff as of March 2026 plus about 290 from Hobel Bellows.^[3]

Customers and distribution

As of FY26, there were about 35 customers across the US, Canada, Europe, Singapore, Israel and India, up from 30 customers in seven countries in FY25.^[2][4]
About 90% of FY26 revenues came from exports, and the United States was the largest market.^[2]
Customers include aerospace tooling licensees, engine OEMs and aircraft makers on the CFM LEAP, Pratt & Whitney GTF, Rolls-Royce Trent and various airframe platforms.^[2]
In FY26 the company won a USD 4 million GSE order under the LEAP engine programme, which it calls one of the largest in its aero-tooling history.^[2]
As of FY26, the company is expanding into defence, nuclear, semiconductor, energy and oil & gas customers.^[2]
A Free Trade Warehousing Zone facility had all regulatory approvals by the end of Q4 FY26; as of May 2026 only customs/ICEgate clearance was left.^[5]

Expansion and capex

The Kanoo-Unimech Saudi JV (51:49 with Yusuf Bin Ahmed Kanoo Group) plans SAR 60 million of equity. The first SAR 30 million tranche was funded on 1 October 2026: Unimech SAR 15.3 mn, Kanoo SAR 14.7 mn.^[6]
Commercial production at the Saudi JV is expected in late March / early April 2027. A second SAR 30 million tranche is still to be invested.^[6]
As of Q1 FY27, gross block is expected to roughly double by the end of FY27, mainly because of the Saudi JV investment.^[3]
The board approved an enabling resolution to raise up to INR 750 crores through a QIP, mainly to meet minimum public shareholding rules due within 18 months (Q1 FY27).^[3]
As of Q1 FY27, additional capacity spending is being brought forward to handle parts moving from qualification to production.^[3]

Recent developments

In April 2026, Unimech bought ~100% of Hobel Bellows (Vizag SEZ) for Rs. 450 crores. Hobel reported ~Rs. 129 crores of revenue for FY26.^[5]
In Q1 FY27, the company signed a five-year, USD 7.5 million long-term supply agreement with FACC Austria for aerostructure components.^[3]
In Q1 FY27, AS9100 certification began for Hobel's Vizag facility, with completion targeted by Q4 FY27 if audits are passed.^[3]
As of Q1 FY27, nuclear orders won totalled about Rs. 87 crores, mainly for the EMCCR project at the Tarapur and Madras reactors.^[3]
22+ FAI programmes were completed for a major global wafer fabrication equipment supplier, and production orders began in January 2026.^[2]
Shareholders approved, by postal ballot, a change in how IPO proceeds will be used, along with Section 185/186 approvals for loans and guarantees (FY26 annual report).^[2]

Market Cap

₹8,242 Cr

High / Low

₹1,900 / 695

Stock P/E

110.3

Price / Book

10.8

Book Value

₹145

EPS

₹12.4

No. of Shares

5.09 Cr

ROCE

11.8%

ROE

9.0%

OPM

33.3%

Debt / Equity

0.15

Sales

₹240 Cr

Net Profit

₹63 Cr

Promoter holding

79.8%

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