Unimech Aerospace stock in focus after it partners with Saudi group YBAK for overseas expansion

SYNOPSIS: Unimech Aerospace’s board has approved a joint venture with Saudi Arabia’s Yusuf Bin Ahmed Kanoo Group to set up a JV entity, with detailed terms to be disclosed post-agreement execution.

During Tuesday’s trading session, shares of a global high precision engineering solutions company specialising in the manufacturing of complex products are in focus on the stock exchanges, after the company ties up with Saudi group YBAK for overseas expansion.

At 12:38 p.m., shares of Unimech Aerospace and Manufacturing Limited were trading at Rs. 889.05 on BSE, compared to its previous closing price of Rs. 902.85, with a market cap of Rs. 4,521.4 crores. The stock has delivered negative returns of around 31 percent in one year, and has fallen by nearly 5 percent in the last one month.

What’s the News:

As per its latest exchange disclosure, the Board of Unimech Aerospace and Manufacturing Limited has approved the proposal to enter into a Joint Venture Agreement (JVA) with Yusuf Bin Ahmed Kanoo Company Limited (YBAK), Kingdom of Saudi Arabia, for the formation of a JV company in Saudi Arabia.

Founded in 1890, the Yusuf Bin Ahmed Kanoo Group is a long-established, family-owned conglomerate with deep roots in the Gulf region. Over more than 135 years, the group has played a significant role in the region’s commercial and industrial development.

YBAK operates across a diversified portfolio, including shipping & logistics, travel & leisure, industrial & energy solutions, machinery, chemicals, oil & gas services, power & water, and real estate. Its operations span Saudi Arabia, Bahrain, the UAE, Oman, and Qatar, supported by partnerships with global enterprises.

The company stated that detailed terms of the joint venture, including key commercial arrangements, will be disclosed upon execution of the agreement in line with SEBI’s Listing Regulations.

Financials & More:

Unimech Aerospace reported a marginal growth in revenue from operations, experiencing a year-on-year increase of around 2 percent, from Rs. 61 crores in Q2 FY25 to Rs. 62 crores in Q2 FY26. In contrast, its net profit decreased during the same period from Rs. 18 crores to Rs. 16 crores, representing a decline of more than 11 percent YoY.

Unimech Aerospace and Manufacturing Limited specialises in machine engineering and the manufacturing of critical systems and components. Its offerings include machining, fabrication, assembly, testing and creation of new products customised to suit the requirements across critical sectors.

The company continues to expand its order pipeline across aerospace, defence, energy, and semiconductor segments. During the quarter, it secured new GSE orders worth Rs. 35 crore, taking the outstanding order book to Rs. 104.8 crore as of the first week of November 2025.

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