United Drilling Tools Ltd (UNIDT)

Capital Goods · Capital Goods-Non Electrical Equipment · NSE · Updated 2 September 2026

By StockFin Research Team • AI-Assisted Analysis • Source: BSE/NSE Filings

₹223.35 ↑ 10.02% (1Y)

🎯 Key Takeaways

United Drilling Tools Ltd (UNIDT) is in a growth phase driven by expanding order wins in the oil and gas sector, particularly benefiting from India's offshore exploration initiatives like Project Samunder Manthan. Management highlights sustained momentum in both domestic and international markets, supported by improving profitability and strategic reinvestment in capacity.
Revenue declined 20.4% QoQ to ₹34 in Q1FY27.
⚠️ Project-dependent revenue streams tied to offshore exploration cycles, making performance vulnerable to delays or cancellations in initiatives like Pr

Market Cap

₹453

P/E Ratio

22.1

P/B Ratio

1.72

ROE

7.7%

ROCE

10.7%

Debt/Equity

0.12

Div Yield

0.27%

Promoter

74.7%

✨ Ask AI About UNIDT 📊 Interactive Charts

📖 The Story

United Drilling Tools Ltd (UNIDT) is in a growth phase driven by expanding order wins in the oil and gas sector, particularly benefiting from India's offshore exploration initiatives like Project Samunder Manthan. Management highlights sustained momentum in both domestic and international markets, supported by improving profitability and strategic reinvestment in capacity. The company maintains a conservative balance sheet with low leverage and consistent promoter holding, reflecting long-term stability.

📰 What's Happening

In Q1 FY27, UDTL reported a 7.68% YoY revenue increase to Rs. 3409.90 lakhs, with profit before tax surging 42.91% to Rs. 589.53 lakhs and EBITDA rising to Rs. 704.10 lakhs, achieving a 20.35% margin. This performance was underpinned by strong order wins, including premium casing pipes for Oil India, and management expects continued growth from offshore exploration projects. The board declared a 6% interim dividend of ₹0.60 per share and re-appointed A P U & Company as statutory auditors for a four-year term, ensuring audit continuity. Additionally, the record date for the final dividend was corrected to September 16, 2026, to ensure accurate shareholder eligibility.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

Metric	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	56	51	43	34
Operating Profit	8	8	6	6
OPM %	14.4%	15.5%	14.5%	17.8%
Net Profit	6	5	5	4
EPS	₹2.83	₹2.69	₹2.43	₹2.14

Revenue has declined sequentially from Rs. 56 crore in September 2025 to Rs. 34.10 crore in June 2026, reflecting seasonal or project-based demand variability typical in capital goods for energy exploration. However, profitability has improved significantly — PAT margin expanded from 14.4% in September 2025 to 17.3% in June 2026 — driven by operational efficiency and higher EBITDA margins. Despite lower revenue, cost management has strengthened, with operating profit margin rising to 17.8% in June 2026 from 14.5% in March 2026, indicating better execution or product mix. This suggests earnings resilience even amid fluctuating top-line, likely due to project timing and cost control.

🔮 Management Outlook & What's Next

Management expects sustained growth from India's offshore energy exploration, particularly Project Samunder Manthan, and continues to highlight strong order momentum in both domestic and international markets. While no formal long-term guidance was provided, the tone in the Q1 FY27 filing was confident, emphasizing the company's positioning to capitalize on structural demand drivers in the energy sector. The reaffirmation of dividend policy and auditor continuity further supports a stable operational outlook.

Extracted from official company announcements. Not StockFin.ai's opinion.

🏦 Balance Sheet (₹ Cr)

Item	Mar 2025	Mar 2025	Mar 2026	Mar 2026
Equity Capital	20	20	20	20
Reserves	239	244	250	259
Borrowings	4	31	33	4
Total Liabilities	288	338	386	308
Fixed Assets	36	64	33	37
Investments	0	0	0	0
Total Assets	288	338	386	308

The balance sheet remains structurally sound with minimal borrowings — total debt stood at just Rs. 4 lakhs against equity of Rs. 20 crore and reserves of Rs. 259 crore as of March 2026. Total assets declined slightly to Rs. 308 crore from Rs. 386 crore, likely due to asset reclassification or depreciation, but the low leverage ratio (D/E of 0.12) indicates strong financial resilience. There is no evidence of aggressive capital expenditure or deleveraging; the company appears to be funding growth internally, with limited external financing required.

💰 Cash Flow Statement (₹ Cr)

Item	Mar 2025
Operating	+9
Investing	-3
Financing	-7
Net Cash Flow	-1

👥 Shareholding Pattern

Category	Q2FY26	Q3FY26	Q4FY26	Q1FY27
Promoters	74.7%	74.7%	74.7%	74.7%
FII	0.4%	0.4%	0.4%	0.4%
DII	0.0%	0.0%	0.0%	0.0%
Public	16.4%	15.7%	15.6%	15.0%
# Shareholders	14,062	13,525	13,160	12,396

Promoter holding remains stable at 74.65% across all quarters from Q2 FY26 to Q1 FY27, indicating strong insider confidence. Foreign institutional investors (FII) hold a minimal 0.42–0.44% stake, while domestic institutional investors (DII) have a negligible 0.01% exposure, suggesting limited institutional interest or coverage. The number of public shareholders has gradually declined from 14,062 to 12,396, which may reflect retail consolidation rather than exit. No significant dilution or pledging activity is evident, reinforcing shareholder stability.

⚖️ Peer Comparison — Capital Goods-Non Electrical Equipment

Company	MCap (₹ Cr)	P/E	ROCE	ROE	D/E
CUMMINSIND	1.42 L Cr	59.9	36.6%	27.9%	0.00
WELCORP	62,995	27.3	27.3%	25.3%	0.24
APLAPOLLO	61,807	50.3	35.9%	29.2%	0.15
TIINDIA	53,764	88.6	23.6%	14.3%	0.05
INDOMIM	43,260	—	—	—	0.39
KIRLOSENG	30,528	55.9	13.7%	14.8%	1.47
JYOTICNC	22,629	70.4	24.1%	19.1%	0.29
GRINDWELL	22,404	51.4	23.3%	17.3%	0.00
CARBORUNIV	21,107	100.1	8.0%	4.8%	0.08
ELGIEQUIP	19,892	44.2	23.6%	20.1%	0.18

🔗 Peer Stock Analyses

CUMMINSIND WELCORP APLAPOLLO TIINDIA INDOMIM

⚠️ Risk Factors

1. Project-dependent revenue streams tied to offshore exploration cycles, making performance vulnerable to delays or cancellations in initiatives like Project Samunder Manthan. 2. High dependence on a few large orders — the Oil India contract was specifically highlighted, suggesting customer concentration risk. 3. Margins, while improving, remain sensitive to input cost volatility and project mix, with no long-term pricing power disclosed. 4. Low public float and limited institutional interest could lead to higher volatility and reduced liquidity, especially if foreign or domestic institutional investors increase exposure.

📋 Recent Filings

🧠 Analyst's Read

UDTL is positioned to benefit from India's offshore energy expansion, with improving profitability and stable promoter backing, but its near-term outlook hinges on execution in project-driven markets. Investors should monitor order pipeline updates and any guidance on offshore project timelines, as revenue visibility remains tied to sector-specific catalysts rather than recurring demand.

Based on filing content and financial data. Not a recommendation.

Read the full analysis

Quarterly trends, balance sheet, cash flow, peer comparison, and AI insights — sign up free to unlock.

2 free AI queries per day.

✨ Deep Dive with AI on UNIDT

Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-02.

Editorial & Data Transparency Notice

This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.

📡 Get AI alerts when UNIDT files new disclosures

Track UNIDT filings, board meetings, and corporate actions. Free email alerts at 5 PM.

Track UNIDT — Free

Free account · 2 AI queries/day

About · Privacy Policy · Terms of Service · Pricing

Today's Announcements · Screener · Insights · AI Chat

Data provided by CMOTS Internet Technologies Pvt Ltd