United Drilling Tools Ltd

United Drilling Tools Ltd

₹ 234 0.76%
03 Jul - close price
About

Incorporated in 1985, United Drilling Tools Ltd is in the production and sale of Oil Drilling tools and Equipment[1]

Key Points

Business Overview:[1][2]
UDT is a manufacturer of Large OD multi-start casing connectors and casing pipes, wireline winches, artificial gas lift equipment downhole tools, and high-performance connectors, used in the oil, gas, drilling, and allied industries.

  • Market Cap 476 Cr.
  • Current Price 234
  • High / Low 319 / 195
  • Stock P/E 51.9
  • Book Value 124
  • Dividend Yield 0.77 %
  • ROCE 6.16 %
  • ROE 3.68 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter

Cons

  • The company has delivered a poor sales growth of -2.64% over past five years.
  • Company has a low return on equity of 9.83% over last 3 years.
  • Dividend payout has been low at 14.8% of profits over last 3 years
  • Company has high debtors of 163 days.

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
46.91 31.15 47.99 45.54 39.74 36.64 34.26 26.51 21.93 20.88 34.62 34.04 42.82
41.42 11.55 25.62 26.19 27.91 31.55 31.10 22.54 17.28 17.76 30.41 32.32 36.96
Operating Profit 5.49 19.60 22.37 19.35 11.83 5.09 3.16 3.97 4.65 3.12 4.21 1.72 5.86
OPM % 11.70% 62.92% 46.61% 42.49% 29.77% 13.89% 9.22% 14.98% 21.20% 14.94% 12.16% 5.05% 13.69%
0.46 0.60 0.47 0.60 0.33 0.36 0.38 0.40 0.43 0.37 0.99 3.87 0.48
Interest 0.21 0.27 0.16 0.08 0.32 0.36 0.25 0.16 0.05 0.45 0.74 1.15 0.65
Depreciation 0.71 0.61 0.69 0.69 0.71 0.66 0.70 0.76 0.84 0.96 1.01 0.98 1.19
Profit before tax 5.03 19.32 21.99 19.18 11.13 4.43 2.59 3.45 4.19 2.08 3.45 3.46 4.50
Tax % 17.10% 26.92% 31.42% 32.06% 27.13% 29.35% 16.60% 40.00% 32.22% 28.85% 36.52% 30.35% 31.78%
4.17 14.12 15.08 13.04 8.11 3.12 2.15 2.06 2.84 1.48 2.20 2.42 3.08
EPS in Rs 2.05 6.95 7.43 6.42 3.99 1.54 1.06 1.01 1.40 0.73 1.08 1.19 1.52
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
45 66 112 35 80 73 156 112 143 164 119 137
42 61 73 20 53 57 128 59 104 91 102 117
Operating Profit 2 5 38 15 28 17 28 53 39 73 17 19
OPM % 5% 8% 34% 43% 34% 22% 18% 47% 27% 44% 14% 14%
0 1 0 1 1 0 1 3 4 2 2 1
Interest 1 1 2 1 1 1 1 1 1 1 1 3
Depreciation 0 3 9 9 7 3 3 3 3 3 3 4
Profit before tax 1 2 28 7 21 14 25 53 39 72 15 14
Tax % 37% 31% 6% 2% 2% 8% 2% 14% 16% 30% 31% 32%
1 2 26 7 21 13 25 45 33 50 10 9
EPS in Rs 0.82 1.54 12.67 3.19 10.17 6.21 12.19 22.27 16.11 24.80 5.01 4.52
Dividend Payout % 0% 0% 0% 0% 6% 10% 10% 21% 13% 8% 36% 0%
Compounded Sales Growth
10 Years: 8%
5 Years: -3%
3 Years: -1%
TTM: 15%
Compounded Profit Growth
10 Years: 19%
5 Years: -18%
3 Years: -35%
TTM: -10%
Stock Price CAGR
10 Years: 22%
5 Years: 21%
3 Years: -10%
1 Year: 18%
Return on Equity
10 Years: 16%
5 Years: 14%
3 Years: 10%
Last Year: 4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 5 5 10 10 10 10 20 20 20 20 20 20
Reserves 17 41 63 69 90 101 111 144 173 220 226 232
Preference Capital 10 10 10 10 0 0 0 0 0 0 0
14 10 7 10 0 16 0 0 18 18 5 33
20 27 18 36 17 70 17 11 22 23 30 70
Total Liabilities 57 83 97 125 117 197 149 176 234 281 281 355
28 57 52 43 37 37 34 33 32 31 50 57
CWIP 6 3 1 1 1 1 1 2 15 19 5 1
Investments 0 0 0 0 0 0 0 0 0 1 1 1
23 23 45 82 80 159 113 142 187 230 224 296
Total Assets 57 83 97 125 117 197 149 176 234 281 281 355

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0 13 5 5 31 -21 31 13 -8 5 25 -19
0 -29 -2 -0 -1 -2 -1 -1 -15 -7 -9 -6
0 24 -2 3 -10 4 -20 -12 18 -3 -15 25
Net Cash Flow 0 7 0 7 20 -20 10 -0 -5 -4 0 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 72 12 41 227 35 352 64 40 154 91 104 163
Inventory Days 84 45 98 920 232 543 81 203 197 606 656 794
Days Payable 68 27 7 568 10 500 19 15 35 35 69 246
Cash Conversion Cycle 88 31 132 579 257 396 127 229 316 662 691 711
Working Capital Days 95 -8 101 436 145 355 99 109 242 362 508 532
ROCE % 5% 5% 37% 8% 22% 13% 20% 36% 21% 31% 6%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.65% 74.65% 74.65% 74.65% 74.65% 74.65% 74.65% 74.65% 74.65% 74.65% 74.65% 74.65%
0.28% 0.40% 0.78% 0.33% 0.33% 0.35% 0.31% 0.31% 0.38% 0.35% 0.35% 0.54%
25.07% 24.95% 24.58% 25.03% 25.02% 24.99% 25.04% 25.04% 24.98% 25.00% 25.00% 24.82%
No. of Shareholders 8,5529,05812,13813,84713,70614,36815,78715,48716,53915,79416,18015,647

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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