Unimech Aerospace order book hits ₹314 cr after Hobel Bellows buy
The company reported Q4 revenue of ₹82 cr and a 43% EBITDA margin, as the integration of its new subsidiary doubles the consolidated order book.
— 2 earlier stories on Unimech Aerospace and Manufacturing Ltd. →What's new
- Q4 FY26 net revenue reached ₹82 cr with an EBITDA margin of 43%.
- Consolidated order book doubled to ₹314 cr following the Hobel Bellows acquisition.
- The Saudi joint venture secured ministry approval for a $30M three-year capex plan.
Why this matters
The acquisition of Hobel Bellows is already showing up in the order book, providing a clear path for revenue growth in FY27. Management guidance for margins to exceed the full-year 31% level suggests they expect the new assets to be accretive immediately.
What we're watching
- Whether Q1 FY27 revenue exceeds the Q4 baseline.
- Execution of the $30M capex plan for the Saudi joint venture.
- Margin performance relative to the 31% full-year average.
The full read
Unimech Aerospace is scaling up. Following the ₹450 crore acquisition of Hobel Bellows in April, the company’s consolidated order book has doubled to ₹314 crore. This addition brings metallic bellows and precision assembly capabilities to its portfolio. The Q4 FY26 results reflect this, with net revenue hitting ₹82 crore and an EBITDA margin of 43%. Management now targets FY27 revenue above the Q4 baseline and consolidated margins higher than the 31% full-year average. The company is also moving into the Middle East, having secured investment ministry approval for a $30 million three-year capex program for its Kanoo Unimech Saudi Arabia joint venture. The integration of Hobel Bellows is the primary engine for this growth. If the company maintains these margins while scaling the new order book, the path to higher revenue is clear.
Questions answered
- What drove the jump in the consolidated order book?
- The order book reached ₹314 crore primarily due to the inclusion of Hobel Bellows, which Unimech acquired in April for ₹450 crore.
- How did the company perform in the final quarter of FY26?
- Unimech posted net revenue of ₹82 crore and achieved an EBITDA margin of 43% for the quarter.
- What is the status of the Saudi Arabian joint venture?
- The Kanoo Unimech Saudi Arabia joint venture has received investment ministry approval. The partners plan to deploy $30 million in total capital expenditure over the next three years.
- What is management's outlook for FY27?
- Management expects first-quarter revenue to surpass the ₹82 crore Q4 baseline. They also target consolidated margins higher than the 31% recorded for the full year.
Story so far
All notes on UNIMECH →- 29 May 2026 · 12:14 PM IST Unimech Aerospace order book hits ₹314 cr after Hobel Bellows buy
- 1d ago Unimech Aerospace repeats Q4 results in press release
- 1d ago Unimech Aerospace profit slips despite 20% revenue growth