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United Drilling Tools Limited
(UNIDT)
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Rating:71Outperform
Price Target:
₹251.00
▲(24.88% Upside)
Action:Reiterated
Date:08/24/26
The score is primarily supported by strong financial fundamentals—especially the very low leverage balance sheet—alongside FY2026 growth and improved profitability/cash flow. This is tempered by only neutral technical momentum and a valuation profile that offers limited dividend support while cash flow stability has been volatile historically.
Positive Factors
Very Low Leverage
Minimal leverage reduces interest and refinancing risk, preserving financial flexibility during oil-and-gas equipment cycles. The substantial equity base should help UNIDT fund operations and pursue opportunities without relying heavily on external debt.
Negative Factors
Historically Volatile Cash Flow
Past periods of negative operating and free cash flow indicate that reported earnings may not consistently translate into liquidity. This volatility can constrain investment and increase working-capital pressure during weaker drilling-equipment demand cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Very Low Leverage
Minimal leverage reduces interest and refinancing risk, preserving financial flexibility during oil-and-gas equipment cycles. The substantial equity base should help UNIDT fund operations and pursue opportunities without relying heavily on external debt.
Read all positive factors
United Drilling Tools Limited (UNIDT) vs. iShares MSCI India ETF (INDA)
Market Cap
₹4.65B
Dividend Yield0.79%
Average Volume (3M)1.47K
Price to Earnings (P/E)22.9
Beta (1Y)0.96
Revenue Growth26.40%
EPS Growth48.98%
CountryIN
Employees148
SectorGeneral
Sector StrengthN/A
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)10.07
Shares Outstanding20,303,125
10 Day Avg. Volume2,579
30 Day Avg. Volume1,469
Financial Highlights & Ratios
PEG Ratio0.57
Price to Book (P/B)1.06
Price to Sales (P/S)1.64
P/FCF Ratio9.09
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
United Drilling Tools Limited Business Overview & Revenue Model
Company Description
United Drilling Tools Limited, together with its subsidiary, manufactures and sells OD connectors and casing pipes, wireline winches, gas lift equipments, and downhole tools under the UDT brand in India and internationally. The company offers, suc...
How the Company Makes Money
UNIDT primarily makes money by selling drilling tools and related equipment to customers involved in oil & gas drilling operations (such as exploration and production companies and drilling contractors). A second source of revenue comes from provi...
United Drilling Tools Limited Financial Statement Overview
Summary
Income Statement
71
Positive
Balance Sheet
90
Very Positive
Cash Flow
63
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.84B | 1.81B | 1.68B | 1.30B | 1.20B | 1.75B |
| Gross Profit | 546.15M | 474.90M | 620.70M | 302.88M | 222.43M | 922.66M |
| EBITDA | 352.82M | 349.45M | 276.10M | 212.23M | 193.13M | 747.89M |
| Net Income | 203.18M | 189.70M | 150.25M | 93.80M | 102.75M | 500.29M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 3.08B | 3.38B | 3.57B | 2.82B | 2.81B |
| Cash, Cash Equivalents and Short-Term Investments | 16.05M | 16.05M | 16.78M | 24.94M | 22.09M | 22.05M |
| Total Debt | 0.00 | 32.26M | 321.39M | 327.36M | 50.08M | 180.79M |
| Total Liabilities | -2.80B | 282.38M | 734.12M | 1.04B | 345.83M | 416.39M |
| Stockholders Equity | 2.80B | 2.80B | 2.64B | 2.53B | 2.47B | 2.40B |
Cash Flow | ||||||
| Free Cash Flow | 76.89M | 325.70M | 57.61M | -237.43M | 162.49M | 2.48M |
| Operating Cash Flow | 98.22M | 369.44M | 90.42M | -159.56M | 257.05M | 64.09M |
| Investing Cash Flow | -29.92M | -42.84M | -28.23M | -77.42M | 93.03M | 61.61M |
| Financing Cash Flow | -64.48M | -326.32M | -72.03M | 239.82M | -163.98M | -37.21M |
United Drilling Tools Limited Technical Analysis
Positive
201.00
Price Trends
227.32
Positive
224.96
Positive
206.76
Positive
Market Momentum
0.76
Negative
52.23
Neutral
70.30
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:UNIDT, the sentiment is Positive. The current price of 201 is below the 20-day moving average (MA) of 225.07, below the 50-day MA of 227.32, and below the 200-day MA of 206.76, indicating a bullish trend. The MACD of 0.76 indicates Negative momentum. The RSI at 52.23 is Neutral, neither overbought nor oversold. The STOCH value of 70.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:UNIDT.
United Drilling Tools Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | ₹18.36B | 9.57 | ― | 0.16% | 11.72% | -19.52% | |
73 Outperform | ₹45.44B | 17.71 | ― | 0.11% | 60.32% | 122.30% | |
71 Outperform | ₹4.65B | 22.93 | ― | 0.79% | 26.40% | 48.98% | |
64 Neutral | ₹26.00B | 36.06 | ― | 1.83% | 73.92% | 43.29% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | ₹845.71M | -0.16 | ― | 1.55% | -13.88% | 40.53% | |
48 Neutral | ₹3.15B | -4.70 | ― | 3.87% | -48.59% | -96.17% |
* General Sector Average
IN:UNIDT
United Drilling Tools Limited
228.95
29.62
14.86%
IN:ABAN
Aban Offshore Limited
14.49
-29.01
-66.69%
IN:DOLPHIN
Dolphin Offshore Enterprises India Ltd.
649.90
253.90
64.12%
IN:JINDRILL
Jindal Drilling & Industries Ltd.
633.55
27.68
4.57%
IN:OILCOUNTUB
Oil Country Tubular Limited
60.55
-21.51
-26.21%
IN:SEAMECLTD
SEAMEC Limited
1,787.25
827.28
86.18%
United Drilling Tools Limited Corporate Events
United Drilling Tools Reappoints A P U & Company as Statutory Auditor for Four-Year Term
Aug 10, 2026
United Drilling Tools Limited has announced that its board, following the audit committee’s recommendation, has approved the re-appointment of M/s A P U Company as statutory auditors for a second term. The firm, which has 22 years of experi...
United Drilling Tools Wins Repeat Export Order for Puma Connectors
Jul 9, 2026
United Drilling Tools Limited has received a repeat export order from Russia-based Trident East Limited for the supply of Puma Connector equipment and accessories used in the oil and gas sector. The international commercial contract, valued at abo...
United Drilling Tools Posts Strong Q4 FY26 Growth with Higher Revenue and Profit
May 27, 2026
United Drilling Tools reported a strong finish to fiscal 2026, with revenue from operations for the year reaching Rs. 18,195.73 lakh and fourth-quarter revenue climbing to Rs. 4,424.87 lakh, up 42.21% from the same period a year earlier. Profit af...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.