Unicommerce eSolutions Limited

NSEI:UNIECOM Stock Report

Market Cap: ₹10.6b

Unicommerce eSolutions Management

Management criteria checks 1/4

Unicommerce eSolutions' CEO is Kapil Makhija, appointed in Dec 2023, has a tenure of 2.42 years. total yearly compensation is ₹29.75M, comprised of 87.4% salary and 12.6% bonuses, including company stock and options. directly owns 1.16% of the company’s shares, worth ₹122.89M. The average tenure of the management team and the board of directors is 1.8 years and 2.4 years respectively.

Key information

Kapil Makhija

Chief executive officer

₹29.8m

Total compensation

CEO salary percentage87.43%
CEO tenure2.4yrs
CEO ownership1.2%
Management average tenure1.8yrs
Board average tenure2.4yrs

Recent management updates

Recent updates

Narrative Update Apr 29

UNIECOM: New AI Focused M&A And Client Wins Will Drive Upside

Analysts have reset their price target on Unicommerce eSolutions from ₹172 to ₹128, reflecting updated assumptions around slightly lower revenue growth expectations, a modest tweak to discount rates, improved profit margin forecasts, and a reduced future P/E multiple. What's in the News Management outlined four medium term priorities, including building more AI led products, pursuing selective acquisitions that are profitable or have a clear path to profitability, and maintaining cost discipline while investing for growth.
Narrative Update Mar 28

UNIECOM: New Client Wins And AI Voice Agent Will Drive Upside

Analysts have kept their price target for Unicommerce eSolutions steady at ₹172, citing only marginal model tweaks to the discount rate, expected revenue growth, profit margin, and forward P/E assumptions. What's in the News Kama Ayurveda is adopting Unicommerce's Uniware platform and Shipway logistics technology to manage orders, warehouses, and deliveries from a single system, with real-time stock visibility and multi-channel support across its three warehouses.
Narrative Update Mar 11

UNIECOM: New Commerce Clients And AI Tools Will Support Future Upside

Analysts have kept their price target for Unicommerce eSolutions steady at ₹172, citing updated assumptions for the discount rate, long term revenue growth, profit margin and future P/E that together support maintaining the existing valuation view. What's in the News Kama Ayurveda is adopting Unicommerce's Uniware platform and Shipway logistics tech to manage multi warehouse operations, centralise inventory, and support faster online deliveries, including real time stock visibility and batch management for quality control (Client announcement).
Narrative Update Feb 24

UNIECOM: New Client Wins And AI Tools Will Drive Future Upside

Analysts have kept their ₹172 price target for Unicommerce eSolutions unchanged, citing adjustments to their model inputs such as revenue growth, profit margin and future P/E assumptions that broadly offset each other in their valuation work. What's in the News Board meeting scheduled for February 14, 2026, to review and approve audited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, along with other matters (Board Meeting).
Narrative Update Feb 08

UNIECOM: New Client Wins And AI Tools Will Support Future Upside

Analysts have maintained their fair value estimate for Unicommerce eSolutions at ₹172.0 per share. The latest price target update mainly reflects minor adjustments to the discount rate and future P/E assumptions, rather than any change in their core outlook.
Narrative Update Jan 25

UNIECOM: New Client Wins And AI Tools Will Drive Future Returns

Analysts have maintained their fair value estimate for Unicommerce eSolutions at ₹172.0 per share, citing largely unchanged assumptions around discount rate, revenue growth, profit margins and future P/E. Taken together, these factors support a consistent price target view at this time.
Narrative Update Jan 09

UNIECOM: New Client Wins And Fraud Controls Will Drive Future Returns

Analysts have kept their fair value estimate for Unicommerce eSolutions steady at ₹172.0, citing largely unchanged assumptions for discount rate, revenue growth, profit margin and future P/E as the basis for holding the line on their price target. What's in the News Moxie Beauty has adopted Unicommerce's Uniware platform to manage multi channel orders, warehouse operations and inventory, along with UniCapture video management to create visual proof for shipments and returns, and has also integrated Unicommerce's B2B suite for bulk shipments (Client announcement).
Narrative Update Dec 24

UNIECOM: New Enterprise Wins And Fraud Reduction Tools Will Drive Returns

Analysts have nudged their price target for Unicommerce eSolutions slightly higher to ₹172.00, reflecting modestly lower perceived risk and sustained expectations for revenue growth and solid profit margins. What's in the News Raymond Lifestyle Limited has adopted Unicommerce's Uniware platform to centralize order, inventory, and delivery management across marketplaces and brand websites, improving automation, reducing errors, and streamlining returns processing (client announcement).
Narrative Update Dec 10

UNIECOM: New Enterprise Wins And Fraud Reduction Features Will Drive Returns

Analysts have modestly raised their price target on Unicommerce eSolutions to ₹172.00, highlighting a slightly higher implied future valuation multiple while maintaining largely unchanged assumptions on growth and profitability. What's in the News Raymond Lifestyle partners with Unicommerce to centralize omnichannel order, warehouse, and returns management across marketplaces and brand websites using the Uniware platform (Client Announcements).
Narrative Update Nov 26

UNIECOM: Improved Profit Margins And Major Client Wins Will Drive Returns

Narrative Update on Unicommerce eSolutions: Analyst Price Target Revision Analysts have raised their fair value estimate for Unicommerce eSolutions from ₹143 to ₹172, citing a higher projected profit margin and an improved financial outlook. What's in the News Unicommerce eSolutions has partnered with Raymond Lifestyle Limited to centralize and automate Raymond's online order and warehouse management across marketplaces and brand websites using Uniware.
Analysis Article Nov 19

Unicommerce eSolutions' (NSE:UNIECOM) Earnings Offer More Than Meets The Eye

The market seemed underwhelmed by last week's earnings announcement from Unicommerce eSolutions Limited ( NSE:UNIECOM...
New Narrative Aug 17

Global E-Commerce Digitization Will Fuel Southeast Asia And MENA Expansion

Key Takeaways Untapped growth in both international and domestic markets, combined with secular e-commerce expansion, offers material opportunities for revenue and client base expansion. Product innovation, pricing power, and SaaS operating leverage are strengthening margins, client retention, and overall long-term profitability.
Analysis Article Feb 17

Unicommerce eSolutions Limited (NSE:UNIECOM) May Have Run Too Fast Too Soon With Recent 25% Price Plummet

To the annoyance of some shareholders, Unicommerce eSolutions Limited ( NSE:UNIECOM ) shares are down a considerable...

CEO Compensation Analysis

How has Kapil Makhija's remuneration changed compared to Unicommerce eSolutions's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

₹205m

Dec 31 2025n/an/a

₹204m

Sep 30 2025n/an/a

₹194m

Jun 30 2025n/an/a

₹216m

Mar 31 2025₹30m₹26m

₹177m

Dec 31 2024n/an/a

₹173m

Sep 30 2024n/an/a

₹147m

Jun 30 2024n/an/a

₹139m

Mar 31 2024₹40m₹32m

₹131m

Compensation vs Market: Kapil's total compensation ($USD314.96K) is above average for companies of similar size in the Indian market ($USD43.03K).

Compensation vs Earnings: Kapil's compensation has been consistent with company performance over the past year.


CEO

Kapil Makhija (44 yo)

2.4yrs
Tenure
₹29,750,000
Compensation

Mr. Kapil Makhija is Managing Director and Chief Executive Officer of Unicommerce of AceVector Limited since December 19, 2023 and has been associated since 2015. Mr. Makhija is Director of Unicommerce eSo...


Leadership Team

NamePositionTenureCompensationOwnership
Kapil Makhija
MD & CEO2.4yrs₹29.75m1.16%
₹ 122.9m
Anurag Mittal
Chief Financial Officer3.4yrs₹9.31mno data
Monish Pal
Compliance Officerno datano datano data
Gaurav Juneja
Chief Revenue Officerless than a yearno datano data
Anil Kumar
Company Secretary1.3yrsno datano data
1.8yrs
Average Tenure

Experienced Management: UNIECOM's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Kapil Makhija
MD & CEO8.7yrs₹29.75m1.16%
₹ 122.9m
Kasaragod Kamath
Independent Director2.4yrs₹1.68mno data
Manoj Kohli
Independent Chairman2.4yrs₹1.28mno data
Kunal Bahl
Non-Executive Director2.4yrsno data0.042%
₹ 4.4m
Ankush Mehra
Member of Advisory Boardno datano datano data
Rohit Bansal
Non-Executive Director2.4yrsno data0.042%
₹ 4.5m
Sairee Chahal
Independent Director2.4yrs₹1.58mno data
Bharat Venishetti
Non-Executive Director7.2yrsno data0.23%
₹ 24.3m
2.4yrs
Average Tenure
44yo
Average Age

Experienced Board: UNIECOM's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/08 16:47
End of Day Share Price 2026/05/08 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Unicommerce eSolutions Limited is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Sumeet JainCLSA