United Drilling Tool

₹253.9 -0.5 | 0.2%

WEBSITE BSE:522014 NSE : UNITED DRILL 10 May, 16:01

Market Cap ₹515 Cr.

Stock P/E 53.0

P/B 2.1

Current Price ₹253.9

Book Value ₹ 123.6

Face Value 10

52W High ₹318.1

Dividend Yield 0.71%

52W Low ₹ 169

Edit Ratio

United Drilling Tool Research see more...

United Drilling Tools Limited- A Company To Benefit from Favourable Market Dynamics

Overview Inc. Year: 1985Industry: Engineering - Industrial Equipments

United Drilling Tools Ltd (UDTL) is an India-based agency, that is a producer of wire line and well service system, gas lift gadget, downhole tools and large outside diameter (OD) casing connectors. The Company's most important merchandise are winch, stabilizer and casing pipe. The Company manufactures and resources various types of oil drilling gear, device and accessories. Its wireline winch devices include UDT Slimsplit, UDT Flyline, UDT Surveyline, UDT Truckline and UDT Landline. Its artificial gas lift device include wireline retrievable gas lift valves, orifice valves, side pocket mandrels, dummy and equalizing valves, latches, standing valves and seating nipples, pulling and running equipment, conventional tubing pressure operated gas lift valves and conventional check valves. Its downhole equipment consist of interchangeable sleeve stabilizer, rotary reamers and imperative blade stabilizer. Its speedy make up high performance connectors include Leopard, Swift, Lynx and Puma.

United Drilling Tool Share Price

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Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

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Peer Comparison

United Drilling Tool Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	50	52	41	37	34	27	22	18	31	34
Other Income	0	1	-1	0	0	0	-0	0	1	4
Total Income	51	53	40	37	34	27	22	18	32	38
Total Expenditure	28	33	29	31	31	22	17	14	27	32
Operating Profit	23	20	11	6	4	5	6	4	6	6
Interest	0	0	0	1	0	0	0	0	1	1
Depreciation	1	1	1	1	1	1	1	1	1	1
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	22	19	10	4	3	3	4	2	4	3
Provision for Tax	7	6	3	1	0	1	1	1	1	1
Profit After Tax	15	13	7	3	2	2	3	2	3	2
Adjustments	0	0	-0	0	0	-0	0	0	0	0
Profit After Adjustments	15	13	7	3	2	2	3	2	3	2
Adjusted Earnings Per Share	7.4	6.3	3.5	1.6	1.1	1	1.4	0.8	1.4	1.2

United Drilling Tool Profit & Loss

#(Fig in Cr.)	Mar 2022	Mar 2023	TTM
Net Sales	175	120	105
Other Income	1	1	5
Total Income	176	120	110
Total Expenditure	101	101	90
Operating Profit	75	20	22
Interest	1	1	2
Depreciation	3	4	4
Exceptional Income / Expenses	0	0	0
Profit Before Tax	71	15	13
Provision for Tax	21	5	4
Profit After Tax	50	10	10
Adjustments	0	0	0
Profit After Adjustments	50	10	10
Adjusted Earnings Per Share	24.6	5.1	4.8

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-31%	0%	0%	0%
Operating Profit CAGR	-73%	0%	0%	0%
PAT CAGR	-80%	0%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	12%	-4%	20%	34%
ROE Average	4%	13%	13%	13%
ROCE Average	6%	17%	17%	17%

United Drilling Tool Balance Sheet

#(Fig in Cr.)	Mar 2022	Mar 2023
Shareholder's Funds	240	247
Minority's Interest	0	0
Borrowings	0	0
Other Non-Current Liabilities	6	6
Total Current Liabilities	57	33
Total Liabilities	302	286
Fixed Assets	40	60
Other Non-Current Assets	56	28
Total Current Assets	206	198
Total Assets	302	286

United Drilling Tool Cash Flow

#(Fig in Cr.)	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	6	2
Cash Flow from Operating Activities	6	26
Cash Flow from Investing Activities	-6	-9
Cash Flow from Financing Activities	-4	-16
Net Cash Inflow / Outflow	-3	-0
Closing Cash & Cash Equivalent	2	2

United Drilling Tool Ratios

#	Mar 2022	Mar 2023
Earnings Per Share (Rs)	24.64	5.06
CEPS(Rs)	26.14	7.1
DPS(Rs)	2.1	1.8
Book NAV/Share(Rs)	117.98	121.68
Core EBITDA Margin(%)	42.45	16
EBIT Margin(%)	41.34	13.05
Pre Tax Margin(%)	40.86	12.36
PAT Margin (%)	28.61	8.57
Cash Profit Margin (%)	30.35	12.02
ROA(%)	16.55	3.49
ROE(%)	20.89	4.22
ROCE(%)	28.07	6.14
Receivable days	87.66	115.86
Inventory Days	240.15	382.47
Payable days	33.61	50.48
PER(x)	20.02	38.14
Price/Book(x)	4.18	1.59
Dividend Yield(%)	0.43	0.93
EV/Net Sales(x)	5.82	3.29
EV/Core EBITDA(x)	13.5	19.96
Net Sales Growth(%)	0	-31.49
EBIT Growth(%)	0	-78.38
PAT Growth(%)	0	-79.46
EPS Growth(%)	0	-79.46
Debt/Equity(x)	0.08	0.02
Current Ratio(x)	3.61	6
Quick Ratio(x)	1.59	1.88
Interest Cover(x)	86.34	18.91
Total Debt/Mcap(x)	0.02	0.01

United Drilling Tool Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	74.65	74.65	74.65	74.65	74.65	74.65	74.65	74.65	74.65	74.65
FII	0.78	0.33	0.33	0.35	0.31	0.31	0.38	0.35	0.35	0.54
DII	0	0	0	0	0	0	0	0	0	0
Public	24.58	25.03	25.02	25	25.04	25.04	24.97	25	25	24.81
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	1.52	1.52	1.52	1.52	1.52	1.52	1.52	1.52	1.52	1.52
FII	0.02	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
DII	0	0	0	0	0	0	0	0	0	0
Public	0.5	0.51	0.51	0.51	0.51	0.51	0.51	0.51	0.51	0.5
Others	0	0	0	0	0	0	0	0	0	0
Total	2.03	2.03	2.03	2.03	2.03	2.03	2.03	2.03	2.03	2.03

Pros

Company is almost debt free.

Cons

Company has a low return on equity of 13% over the last 3 years.
Debtor days have increased from 33.61 to 50.48days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

United Drilling Tool News

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United Drilling Tool

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United Drilling Tool Research see more...

Overview Inc. Year: 1985Industry: Engineering - Industrial Equipments

United Drilling Tool Share Price

Alert Data

Quarterly Price

Peer Comparison

United Drilling Tool Quarterly Results

United Drilling Tool Profit & Loss

Growth Rates

United Drilling Tool Balance Sheet

United Drilling Tool Cash Flow

United Drilling Tool Ratios

United Drilling Tool Shareholding Pattern

United Drilling Tool News

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