United Drilling Tools Ltd - Stock Valuation and Financial Performance

BSE: 522014 | NSE: UNIDT | Engineering - Industrial Equipments | Small Cap

United Drilling Tool Share Price

227.05 -3.50 -1.52%
as on 18-Mar'24 16:59

DeciZen - make an informed investing decision on United Drilling Tool

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

United Drilling Tools stock performance -

mw4me loader
P/E Ratio (SA):
51.63
Market Cap:
461.1 Cr.
52-wk low:
169
52-wk high:
318.1

Is United Drilling Tools Ltd an attractive stock to invest in?

1. Is United Drilling Tools Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that United Drilling Tools Ltd is a average quality company.

2. Is United Drilling Tools Ltd undervalued or overvalued?

The key valuation ratios of United Drilling Tools Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is United Drilling Tools Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of United Drilling Tools Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of United Drilling Tool:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
United Drilling Tools Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 3.7%34.6%7.3%21.7%12%22%30.7%18.2%21.7%4.2%-
Value Creation
Index
-0.71.5-0.50.6-0.10.61.20.30.6-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 66.211235.180.473.4156112143164119111
Sales YoY Gr.-68.5%-68.6%129.1%-8.7%112.7%-28.5%27.8%15.1%-27.4%-
Adj EPS 1.512.73.210.26.513.722.316.624.854.4
YoY Gr.-724.7%-75.2%223.5%-36%109.7%62.9%-25.6%49.7%-79.8%-
BVPS (₹) 39.135.738.949.254.864.980.895.4118.1121.3123.1
Adj Net
Profit
1.7266.520.913.227.845.233.750.310.29
Cash Flow from Ops. 12.554.530.6-21.130.613.3-8.25.524.7-
Debt/CF from Ops. 0.81.52.20-0.700-2.33.30.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6.8%10.2%2.2%-27.4%
Adj EPS 14%-5.1%-39.2%-79.8%
BVPS13.4%17.2%14.5%2.7%
Share Price 31.7% 14.3% -4.4% 10.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
3.737.27.52212.522.930.618.823.24.23.6
Op. Profit
Mgn %
7.834.342.534.323.520.947.528.344.514.112.3
Net Profit
Mgn %
2.523.318.425.91817.840.523.630.68.58
Debt to
Equity
0.20.10.100.1000.10.10-
Working Cap
Days
9982524281538304393416485728351
Cash Conv.
Cycle
3948281127251114117160259460298

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 3.60%

Sales growth has been subdued in last 3 years 2.21%

Net Profit has been subdued in last 3 years -39.18%

Sales growth is not so good in last 4 quarters at -14.60%

Latest Financials - United Drilling Tools Ltd.

Standalone Consolidated
TTM EPS (₹) 4.4 4.8
TTM Sales (₹ Cr.) 111 105
BVPS (₹.) 123.1 123.6
Reserves (₹ Cr.) 230 231
P/BV 1.85 1.84
PE 51.63 47.42
From the Market
52 Week Low / High (₹) 169.00 / 318.05
All Time Low / High (₹) 0.45 / 605.35
Market Cap (₹ Cr.) 461
Equity (₹ Cr.) 20.3
Face Value (₹) 10
Industry PE 42.6

Management X-Ray of United Drilling Tool:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of United Drilling Tool

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales66112358073156112143164119
Operating Expenses 61732053571285910491102
Manufacturing Costs3622232459
Material Costs505611394110341806976
Employee Cost 244669911910
Other Costs 683681371088
Operating Profit 5381528172853397317
Operating Profit Margin (%) 7.8%34.3%42.5%34.3%22.5%18.1%47.5%27.3%44.5%14.1%
Other Income 1011013422
Interest 1211111111
Depreciation 3997333333
Exceptional Items 0000000000
Profit Before Tax 228721142553397215
Tax 12001186214
Profit After Tax 226721132545335010
PAT Margin (%) 2.5%23.3%18.6%25.9%17.3%15.8%40.5%22.9%30.6%8.5%
Adjusted EPS (₹)1.612.83.210.26.312.222.316.124.85.0
Dividend Payout Ratio (%)0%0%0%6%10%10%21%13%8%36%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 528389100111132164194240246
Share Capital 15202010102020202020
Reserves 37636990101111144173220226
Minority Interest0000000000
Debt107100160018185
Long Term Debt6710000000
Short Term Debt4090150018185
Trade Payables4118156528714
Others Liabilities 186816131317203720
Total Liabilities 8397125117197150183240302286

Fixed Assets

Gross Block63676768707071737497
Accumulated Depreciation6162431333639414447
Net Fixed Assets57524337373433323150
CWIP 311111215195
Investments 0000000011
Inventories615282561232343115136
Trade Receivables213228712712604134
Cash Equivalents 99172111111622
Others Assets6815262652103849357
Total Assets 8397125117197150183240302286

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 135531-213113-8525
PBT 228721142553397215
Adjustment 3997333-112
Changes in Working Capital 7-32-113-383-35-40-4613
Tax Paid 00000-1-7-6-21-4
Cash Flow From Investing Activity -29-20-1-2-1-1-15-7-9
Capex -29-20-1-2-1-1-15-5-9
Net Investments 0000000000
Others 00000000-10
Cash Flow From Financing Activity 24-23-104-20-1218-3-15
Net Proceeds from Shares 5000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0000000321
Dividend Paid 0000-1-4-13-3-4-4
Others 19-23-105-150180-13
Net Cash Flow 71720-20100-5-40
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)5.1545.318.5923.2512.0420.3630.5718.2823.234.19
ROCE (%)5.3737.317.6422.3912.5920.3235.9221.2430.836.08
Asset Turnover Ratio0.951.230.320.660.470.90.670.670.610.41
PAT to CFO Conversion(x)6.50.190.711.48-1.621.240.29-0.240.12.5
Working Capital Days
Receivable Days3024179671951156593112115
Inventory Days4035226121214987584175383
Payable Days38163028725510931213851

United Drilling Tools Ltd Stock News

United Drilling Tools Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of United Drilling Tool on 18-Mar-2024 16:59 is ₹227.1.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 18-Mar-2024 16:59 the market cap of United Drilling Tool stood at ₹461.1.
The latest P/E ratio of United Drilling Tool as of 18-Mar-2024 16:59 is 51.63.
The latest P/B ratio of United Drilling Tool as of 18-Mar-2024 16:59 is 1.85.
The 52-week high of United Drilling Tool is ₹318.1 and the 52-week low is ₹169.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of United Drilling Tool is ₹111.5 ( Cr.) .

About United Drilling Tools Ltd

United Drilling Tools is the leading manufacturer of downhole tools, handling tools, gas lift equipments, wire line & well service equipment in the world. The production facilities are specially adapted to the manufacture of standard precision equipment or special tools trimmed to customer's particular specifications to international standards in technical collaboration with reputed manufacturers of Europe and America. All the equipment are supplied with most reliable designs and quality and are very competitively priced as compared to other suppliers. United Drilling Tools is dedicated to manufacture high quality products of proven test designs in conformity with international standards. Also, all raw materials are obtained from reputed suppliers as per ISO specifications. The manufacturing activities are undertaken by highly skilled crew under the strict control of well qualified and experienced engineers and managerial personal of high professional dedication and competence.

Product range of the company includes:

  • Wireline Winch Units
  • Gas Lift Equipments
  • Down Hole Tools
  • Handling Tools

Achievements/ recognition:

  • ISO 9001 & American Petroleum Institute certification.
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