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United Heat Transfer Ltd (UHTL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: UHTL Engineering - Industrial Equipments | Small Cap | United Heat Transfer Share Price

BSE Share Price
Not Listed

United Heat Transfer Ltd (UHTL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: UHTL Engineering - Industrial Equipments | Small Cap | United Heat Transfer Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹170 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹2.6
TTM Sales
₹72.9 Cr.
Book Value per Share
₹30.8
P/E Ratio
34.03
Higher than its 5-year historical median
Industry PE
56.2
Price to Book (P/B)
2.91
Higher than its 5-year historical median
Price to Sales (P/S)
2.34
Higher than its 5-year historical median
EV/EBITDA
16.40
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
13.43%
Return on Capital Employed (ROCE)
15.69%
Return on Assets (ROA)
6.69%
Operating Profit Margin
17%
Net Profit Margin
7.94%
Gross Profit Margin
13.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
11%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
14.01%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-15.06%
Asset Quality
Promoter Holding
67.74%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹40 Cr.
Equity
₹19 Cr.
Face Value
₹10
All Time Low / High
- / -

United Heat Transfer stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is United Heat Transfer Ltd a good quality company?
United Heat Transfer Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does United Heat Transfer Ltd performance compare with that of its Peers?
Q.1 Revenue growth of United Heat Transfer Ltd vs industry peers?
United Heat Transfer Ltd revenue CAGR is 11.92%, compared to the industry median CAGR of 12.49%, indicating stable growth and maintaining its market share.
Q.1 Promoter shareholding and pledge status of United Heat Transfer Ltd?
Promoters hold 67.74% of the United Heat Transfer Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of United Heat Transfer Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -9.83% based on the current price.

10 Year X-Ray : Login to view analysis.

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 Heat Transfer Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 10.3%13.9%23.1%15.7%-
Value Creation
Index
-0.30.00.70.1-

Growth Parameters

Sales 47.77060.266.873
Sales YoY Gr.-46.8%-14%11%-
Adj EPS 1.21.62.82.82.6
YoY Gr.-33.3%81.4%-1.4%-
BVPS (₹) 9.411.11630.830.8
Adj Net
Profit
1.523.65.35
Cash Flow from Ops. 2.47.63.3-6.8-
Debt/CF from Ops. 15.64.311.3-2.6-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NANA11.9%11%
Adj EPS NANA33.6%-1.4%
BVPSNANA48.4%92.1%
Share Price - - - 12.5%

Key Financial Parameters

Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
12.415.220.913.48.5
Op. Profit
Mgn %
12.911.116.617NAN
Net Profit
Mgn %
3.12.967.96.9
Debt to
Equity
3.12.31.80.3-
Working Cap
Days
01361812260
Cash Conv.
Cycle
050841490

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25
Sales48706067
Operating Expenses + 41625055
Manufacturing Costs61068
Material Costs27403432
Employee Cost 5667
Other Costs 4658
Operating Profit 681011
Operating Profit Margin (%) 12.9%11.1%16.6%17.0%
Other Income + 0041
Exceptional Items -0-000
Interest 3443
Depreciation 1122
Profit Before Tax 2387
Tax 1122
Profit After Tax 2265
PAT Margin (%) 3.2%3.0%10.4%7.9%
Adjusted EPS (₹)1.21.74.92.8
Dividend Payout Ratio (%)0%0%0%0%

Valuation of United Heat Transfer - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 12142059
Share Capital 441319
Reserves 810840
Debt +37293214
Long Term Debt2721166
Short Term Debt107158
Minority Interest0000
Trade Payables111265
Others Liabilities 3111210
Total Liabilities 63657188

Fixed Assets

Net Fixed Assets +24253535
Gross Block33354648
Accumulated Depreciation9111113
CWIP 111111
Investments 2222
Inventories16151423
Trade Receivables871319
Cash Equivalents 1100
Others Assets 2468
Total Assets 63657188

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 283-7
PBT 2387
Adjustment 4565
Changes in Working Capital -30-9-17
Tax Paid -1-1-2-2
Cash Flow From Investing Activity + -5-3-2-3
Capex -4-3-2-2
Net Investments -10-0-0
Others 000-0
Cash Flow From Financing Activity + 4-5-210
Net Proceeds from Shares 00033
Net Proceeds from Borrowing 4-6-7-11
Interest Paid -3-4-4-3
Dividend Paid 0000
Others 249-9
Net Cash Flow 1-0-10

Financial Ratio

PARTICULARSMar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)12.716.1736.0913.43
ROCE (%)10.2813.9223.0915.69
Asset Turnover Ratio0.761.10.890.84
PAT to CFO Conversion(x)140.5-1.4
Working Capital Days
Receivable Days60.2039.6062.1086.80
Inventory Days119.2079.5087.90101.10
Payable Days147.40101.1096.6063.30

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

United Heat Transfer Ltd FAQs

The current trading price of United Heat Transfer on 01-Jan-1970 05:30 is ₹0.00.

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 31-Dec-1969 the market cap of United Heat Transfer stood at ₹170.4 Cr

The latest P/E ratio of United Heat Transfer as of 31-Dec-1969 is 34.03.

The latest P/B ratio of United Heat Transfer as of 31-Dec-1969 is 2.91.

The 52-week high of United Heat Transfer is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of United Heat Transfer is ₹72.88 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that United Heat Transfer Ltd is a below average quality company.

The key valuation ratios of United Heat Transfer Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

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

About United Heat Transfer Ltd

United Heat Transfer Limited was originally incorporated as United Heat Transfers Private Limited, on January 27, 1995 under the provisions of the Companies Act, 1956 vide Certificate of Incorporation issued by the Registrar of Companies, Mumbai, Maharashtra. The name of the company was subsequently changed to United Heat Transfer Private Limited dated November 13, 2009 vide Certificate from name change issued by the Registrar of Companies, Mumbai, Maharashtra. Subsequently, the company was converted into a public limited company and the name of the company was changed from ‘United Heat Transfer Private Limited’ to ‘United Heat Transfer Limited’ vide Special Resolution dated February 27, 2024. The status of the company was changed to public limited and the fresh certificate of incorporation consequent to conversion was issued on June 12, 2024 by the Registrar of Companies, Mumbai, Maharashtra.

The company is engaged in the manufacture of a range of shell and tube heat exchangers, air cooled heat exchangers, pressure vessels and process flow skids equipment’s which are used as critical equipment’s for petrol and diesel engines, railway engines, maritime engines, cruse and cargo ships, ferries, pleasure boats, marine diesels, mining trucks, megayachts, heavy engines, fishing boats, heavy trucks, freighters, trawlers, heavy haulages, power gen sets, super tankers, off highway engines etc. The company extends its expertise with the growing national and multinational OEM industry for Heat Exchangers, Moisture Separators Pressure Vessels and Process Flow Skids. It manufactures heat transfer equipment’s as per the TEMA (Tubular Exchanger Manufacturers Association) standards, ASME Section VIII Div. 1, Div. 2, (unfired pressure vessels), API 660, 661, NES standards. Its strength lies in the high quality and fine craftsmanship of its products, the engineering expertise of its team and the quest to develop technologically new products is constant.

Business area of the company

The principal activity of the Company includes manufacturing of a range of Shell & Tube Heat Exchangers, Air Cooled Heat Exchangers, Pressure Vessels & Process Flow Skids Equipment’s which are used as critical equipment’s for Petrol & Diesel Engines, Railway Engines ,Maritime Engines, Cruse & Cargo Ships, Ferries, Pleasure Boats, Marine Diesels, Mining Trucks, Mega-Yachts, Heavy Engines, Fishing Boats, Heavy Trucks, Freighters, Trawlers, Heavy Haulages, Power Gen Sets, Super Tankers, Off Highway Engines etc.

Products of the company

  • Air Cooled Heat Exchanger / Air Cooled Condenser / CNG Air Coolers
  • Shell & Tube Heat Exchanger (Oil Cooler, Inter Cooler, After Cooler)
  • Extended Surface Heat Exchangers (Plate Fin Type)
  • Process Flow skids/ Custom Made Packages
  • Engine Jacket Water Heat Exchanger with Expansion Tank (Header Tank Heat Exchangers)
  • Charged Air Coolers (for diesel /petrol engines/Generators)
  • Marine Heat Exchanger
  • Moisture Separators
  • Automatic Backflush Filters
  • Pressure vessels

History and milestones

  • 1995: Incorporation of the company United Heat Transfers Private Limited. 
  • 1995: Established a sprawling 20,000 sq. ft. facility in the prestigious MIDC area of Nashik, providing ample space for manufacturing and operations. 
  • 1999: Attained ISO 9000 certification, a testament to its unwavering dedication to quality management systems and customer satisfaction. 
  • 2007: Responding to growing demand, underwent a significant factory expansion, relocating to a larger facility spanning 60,000 sq. ft. to accommodate increased production capacity and technological advancements. 
  • 2008: Joined the esteemed ranks of the Heat Transfer Research Institute (HTRI) as a member, enhancing its access to cutting-edge research and industry expertise. 
  • 2009: Name of the Company changed to United Heat Transfer Private Limited.
  • 2010: Achieved the prestigious U Stamp certification, underscoring its commitment to adhering to the highest standards of safety and quality in pressure vessel design and manufacturing.
  • 2011: Entered into a strategic partnership by enlisting with Engineers India Limited, further solidifying its presence in the engineering and construction sector. 
  • 2014: Celebrated a milestone as its total employee strength surpassed 100, a testament to its continuous growth and commitment to fostering a talented workforce.
  • 2020: Embarked on a new phase of expansion with the inauguration of a state-of-the-art manufacturing facility spanning 80,000 sq. ft., situated within a sprawling 13-acre campus. This significant investment underscores its dedication to meeting the evolving needs of its customers while maintaining the highest standards of quality and efficiency.
  • 2021: Demonstrated its commitment to environmental sustainability and occupational health and safety by obtaining ISO 14001:2015 and ISO 45001:2018 certifications, reflecting its adherence to stringent environmental management and occupational health and safety standards.
  • 2021: Commencement of Commercial Production - Unit 2.
  • 2022: Successfully delivered a CU TR certified order, showcasing its compliance with the Customs Union Technical Regulations and its ability to meet the regulatory requirements of the Eurasian Economic Union.
  • 2023: Implemented TCS ION ERP, a cutting-edge enterprise resource planning solution, to streamline its business processes and enhance operational efficiency across various departments, marking another milestone in its journey towards digital transformation and technological advancement.
  • 2024: Company converted from Private Limited Company to Public Limited Company vide special resolution passed at General Meeting dated February 27,2024. Consequent to which a certificate of Incorporation dated June 12, 2024, was issued by the Registrar of Companies, Maharashtra.

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