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United Drilling Tools Limited
(UNIDT)
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Rating:72Outperform
Price Target:
₹267.00
▲(32.84% Upside)
Action:Reiterated
Date:09/26/26
The score is primarily supported by strong financial resilience (very low leverage) and a meaningful FY2026 cash flow recovery, reinforced by a positive technical trend (price above major moving averages with healthy momentum). Valuation is the main constraint, with a higher P/E and a low dividend yield limiting upside attractiveness.
Positive Factors
Very Low Leverage
Very low leverage reduces fixed financial obligations and gives United Drilling Tools greater room to absorb industry cycles or fund operations without relying heavily on creditors. The substantial equity base also supports resilience when drilling activity or profitability fluctuates.
Negative Factors
Volatile Historical Cash Flow
Past negative operating and free cash flow show that cash conversion has not been consistent across periods. Such volatility can make internally funded investment less predictable and increase dependence on the strength of each drilling cycle.
Read all positive and negative factors
Positive Factors
Negative Factors
Very Low Leverage
Very low leverage reduces fixed financial obligations and gives United Drilling Tools greater room to absorb industry cycles or fund operations without relying heavily on creditors. The substantial equity base also supports resilience when drilling activity or profitability fluctuates.
Read all positive factors
United Drilling Tools Limited (UNIDT) vs. iShares MSCI India ETF (INDA)
Market Cap
₹4.88B
Dividend Yield0.75%
Average Volume (3M)4.84K
Price to Earnings (P/E)24.0
Beta (1Y)1.04
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. Volume11,274
30 Day Avg. Volume4,845
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
227.15
Positive
226.22
Positive
207.73
Positive
Market Momentum
3.52
Negative
55.50
Neutral
68.99
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 227.08, below the 50-day MA of 227.15, and below the 200-day MA of 207.73, indicating a bullish trend. The MACD of 3.52 indicates Negative momentum. The RSI at 55.50 is Neutral, neither overbought nor oversold. The STOCH value of 68.99 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 | ₹17.20B | 8.95 | ― | 0.17% | 11.72% | -19.52% | |
73 Outperform | ₹43.50B | 16.95 | ― | 0.12% | 60.32% | 122.30% | |
72 Outperform | ₹4.88B | 24.00 | ― | 0.75% | 26.40% | 48.98% | |
64 Neutral | ₹27.52B | 38.19 | ― | 1.83% | 73.92% | 43.29% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | ₹803.11M | -0.15 | ― | 1.55% | -0.26% | 78.73% | |
48 Neutral | ₹3.75B | -5.54 | ― | 3.87% | -48.59% | -96.17% |
* General Sector Average
IN:UNIDT
United Drilling Tools Limited
229.25
36.57
18.98%
IN:ABAN
Aban Offshore Limited
14.03
-28.52
-67.03%
IN:DOLPHIN
Dolphin Offshore Enterprises India Ltd.
647.50
255.50
65.18%
IN:JINDRILL
Jindal Drilling & Industries Ltd.
624.70
29.31
4.92%
IN:OILCOUNTUB
Oil Country Tubular Limited
73.54
5.96
8.82%
IN:SEAMECLTD
SEAMEC Limited
1,685.85
786.41
87.43%
United Drilling Tools Limited Corporate Events
United Drilling Tools releases FY 2025-26 annual report and schedules virtual AGM
Sep 1, 2026
United Drilling Tools Limited has released its Annual Report for the financial year 2025-26, which includes the notice for its 44th Annual General Meeting scheduled on September 23, 2026, to be held via video conferencing and other audio-visual me...
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...
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.