United Drilling Tools share price & results
- Jun 2026
- Sept 2026
Noida-headquartered manufacturer of oil-drilling tools — casing pipe connectors, gas lift equipment, stabilisers and wireline winches for onshore/offshore E&P wells.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 34.5 | +8.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 21.3 | +2.1 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 4.3 | +45.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 7.48 | +1.2 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 19.13 | +15.7 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 26.39 | −21.5 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −10.0% 1Y
1Y: ₹203.75 on 24 Oct 2025 → ₹183.4. High ₹259.76 (24 Sept 2026), low ₹146.77 (30 Mar 2026).
- Previous close
- ₹176.8
- Market cap
- ₹377 Cr
- 52-week range
- ₹146.77 – ₹259.76
- One year
- −9.01%
- Price to earnings (TTM to Jun 2026)
- 18.56×
- Return on equity (TTM to Jun 2026)
- 7.48%
Overview
- Symbol
- NSE:UNIDT
- Sector
- Capital Goods
- Industry
- Industrials
- Exchange
- NSE
- Currency
- INR
What United Drilling Tools Limited does
Based on the company's own presentations, annual report and earnings calls.
United Drilling Tools Limited designs and manufactures precision-engineered downhole tools and well-service equipment for the oil and gas exploration and production industry, including casing pipe with connectors, gas lift valves and mandrels, stabilisers, and wireline winches. It sells to Indian state and private E&P/oil-service companies as well as global players such as Baker Hughes, Halliburton and Schlumberger, and exports to customers across more than 16 countries. Manufacturing is carried out at facilities in Noida (Uttar Pradesh) and Kutch/Mundra (Gujarat), supported by in-house R&D, design and quality-control teams and API/ISO product certifications.
Segments
- Casing Pipe with Connectors
- Gas Lift Equipment
- Downhole Tools / Stabilisers
- Wireline Winches
- Market share in India's upstream drilling tools & equipment market
- ~50%
- Manufacturing facilities
- 3, in Kutch (incl. Mundra) and Noida
- Total manufacturing area
- 8,49,341 sq. ft.
- Country presence (exports)
- 16+ countries incl. USA, Russia, UAE, Egypt, Mexico, Libya, Vietnam, Malaysia, Brazil, Uzbekistan, UK, Canada, Oman, Indonesia, Kazakhstan, Cameroon, Saudi Arabia
- Product/quality certifications
- API 5B, 5CT, 5L, 7-1, 19G1, 19G2; ISO 9001, 14001, 45001, 13679:2019
- Market position
- India's only manufacturer of long-OD multi-start casing pipe connectors; India's largest drilling tools & equipment manufacturer
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 5 fiscal years held (Mar 2022 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +45% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 49 | 34 | 31 | 32 | 56 | 51 | 43 | 34 |
| Expenses | 41 | 29 | 26 | 26 | 46 | 42 | 36 | 27 |
| Operating profit | 8 | 5 | 5 | 6 | 9 | 9 | 7 | 7 |
| Operating margin | 15.5% | 15.8% | 16.3% | 19.2% | 16.4% | 17.8% | 17.2% | 21.3% |
| Other income | 0 | 0 | 1 | 0 | 1 | 1 | 1 | 0 |
| Interest | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 6 | 4 | 4 | 4 | 8 | 8 | 7 | 6 |
| Tax rate | 33.3% | 26.6% | −0.8% | 28.7% | 29.6% | 27.8% | 31.2% | 29.3% |
| Net profit | 4 | 3 | 4 | 3 | 6 | 5 | 5 | 4 |
| EPS (₹ per share) | 2.04 | 1.31 | 1.92 | 1.46 | 2.83 | 2.69 | 2.36 | 2.12 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 119 | 126 | 168 | 181 |
| Expenses | 102 | 109 | 142 | 149 |
| Operating profit | 17 | 17 | 26 | 32 |
| Other income | 2 | 5 | 2 | 3 |
| Interest | 1 | 3 | 3 | 4 |
| Depreciation | 3 | 5 | 5 | 5 |
| Profit before tax | 15 | 14 | 20 | 27 |
| Net profit | 10 | 9 | 15 | 19 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 20 | 20 | 20 | 20 | 20 | 20 |
| Reserves | 219 | 227 | 233 | 244 | 249 | 259 |
| Borrowings | 18 | 5 | 33 | 34 | 30 | 5 |
| Other liabilities | 24 | 30 | 71 | 39 | 84 | 23 |
| Total liabilities | 281 | 282 | 357 | 338 | 384 | 308 |
| Fixed assets | 40 | 60 | 59 | 56 | 55 | 58 |
| Capital work in progress | 19 | 5 | 9 | 12 | 3 | 10 |
| Investments | 0 | 0 | 0 | 0 | 1 | 0 |
| Other assets | 222 | 216 | 289 | 270 | 324 | 240 |
| Total assets | 281 | 282 | 357 | 338 | 384 | 308 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | -8 | 6 | 26 | -16 | 9 | 39 |
| Cash from investing | -15 | -6 | -9 | -8 | -3 | -4 |
| Cash from financing | 18 | -4 | -16 | 24 | -7 | -36 |
| Net cash flow | -5 | -3 | 0 | 0 | -1 | 0 |
| Free cash flow | -23 | 0 | 16 | -24 | 6 | 35 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 154 | 88 | 104 | 153 | 166 | 132 |
| Inventory days | 197 | 533 | 656 | 897 | 531 | 454 |
| Days payable | 35 | 34 | 66 | 268 | 86 | 33 |
| Cash conversion cycle | 316 | 587 | 694 | 781 | 612 | 553 |
| Working capital days | 196 | 306 | 496 | 476 | 397 | 398 |
| Return on capital employed | 21.0% | — | 6.0% | 6.0% | 8.0% | 10.0% |
| Dividend payout | 13.0% | 9.0% | 36.0% | 39.0% | 24.0% | 6.0% |
What the price assumes
AttractiveTo justify its price of ₹183, this stock must grow earnings at 12% every year for 7 years. Our analysis caps realistic growth at ~19%. At that growth it is worth ₹264 — upside of 44%.
- Growth the price implies
- 12.5% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 19.5% a year
- net profit, FY23–FY26 · EPS 19.5%
- The gap
- -0.1 pp
- 44% downside if it only repeats history
Ownership
Who owns it
Promoters hold 74.65% as of Sept 2026; institutions added 0.23 pts since Jun 2026.
- Promoters 74.65%
- Foreign institutions 0.65%
- Domestic institutions 0.01%
- Public 24.69%
Who bought this quarter
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- newly disclosed 2.62% held
The same filing shows 1 holder trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Sep 2026 filing
Every holder of United Drilling Tools Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 70.75% | unchanged | |
| 3.88% | unchanged | |
| 2.62% | newly disclosed | |
| 2.28% | −2.17 pp | |
| 1.18% | unchanged | |
| 0.01% | unchanged | |
| — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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