United Van Der Horst Ltd

₹ 124 -4.02%

19 Apr 2:05 p.m.

uvdhl.com BSE: 522091

About

Incorporated in 1989, United Van Der Horst
is in the business of providing reconditioning
and manufacturing services to the Core sectors.^[1]

Key Points

Business Overview:^[1]
Company was formed as a collaboration between the UB Group (India) and Dr. Van Der Horst B.V. (Holland), the company provides Reconditioning, Re-standardizing, Reverse Engineering, and Manufacturing services to the core sectors and industries by combining the patented 'Porous Krome' and hard chrome plating techniques with specialized welding processes which include Grinding, Honing, Chrome Plating, Submerge Arc Welding, Boring, Vertical Turret Lathe, and Groove Grinding.

Website BSE

Market Cap ₹ 154 Cr.
Current Price ₹ 124
High / Low ₹ 171 / 46.0
Stock P/E 59.0
Book Value ₹ 30.9
Dividend Yield 0.39 %
ROCE 8.88 %
ROE 6.94 %
Face Value ₹ 5.00

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Pros

Company is expected to give good quarter
Promoter holding has increased by 1.62% over last quarter.

Cons

Stock is trading at 4.23 times its book value
Company has a low return on equity of 4.74% over last 3 years.
Company has high debtors of 150 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Miscellaneous Industry: Miscellaneous

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
	2.89	2.83	2.21	2.63	3.00	3.79	3.77	3.54	4.42	5.03	5.62	6.04	6.00
	2.33	0.85	0.98	1.88	2.02	4.01	2.48	2.17	3.03	3.25	3.76	4.50	3.72
Operating Profit	0.56	1.98	1.23	0.75	0.98	-0.22	1.29	1.37	1.39	1.78	1.86	1.54	2.28
OPM %	19.38%	69.96%	55.66%	28.52%	32.67%	-5.80%	34.22%	38.70%	31.45%	35.39%	33.10%	25.50%	38.00%
	0.08	0.12	0.17	0.27	0.11	0.14	0.12	0.12	0.12	0.15	0.11	0.12	0.12
Interest	0.33	0.44	0.39	0.35	0.33	0.32	0.37	0.46	0.42	0.60	0.71	0.71	0.72
Depreciation	0.18	0.23	0.22	0.23	0.26	0.28	0.30	0.30	0.41	0.42	0.46	0.50	0.54
Profit before tax	0.13	1.43	0.79	0.44	0.50	-0.68	0.74	0.73	0.68	0.91	0.80	0.45	1.14
Tax %	692.31%	-2.80%	-3.80%	2.27%	0.00%	120.59%	55.41%	-6.85%	45.59%	7.69%	33.75%	26.67%	21.93%
	-0.77	1.47	0.81	0.43	0.51	0.13	0.34	0.78	0.37	0.85	0.53	0.33	0.89
EPS in Rs	-0.80	1.53	0.84	0.45	0.46	0.12	0.30	0.70	0.33	0.76	0.47	0.28	0.72
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
	6.42	5.55	6.17	5.26	3.50	1.76	3.84	5.86	7.81	8.99	11.63	16.71	22.69
	5.23	6.49	4.85	5.20	3.72	4.25	4.12	4.28	5.79	6.00	9.00	10.86	15.23
Operating Profit	1.19	-0.94	1.32	0.06	-0.22	-2.49	-0.28	1.58	2.02	2.99	2.63	5.85	7.46
OPM %	18.54%	-16.94%	21.39%	1.14%	-6.29%	-141.48%	-7.29%	26.96%	25.86%	33.26%	22.61%	35.01%	32.88%
	0.09	0.01	-0.01	-0.09	0.88	-0.85	0.13	0.14	0.02	0.41	0.68	0.51	0.50
Interest	0.49	0.51	0.68	0.60	0.52	0.82	0.22	1.07	1.20	1.34	1.40	1.86	2.74
Depreciation	0.29	0.29	0.31	0.39	0.30	3.78	3.75	3.75	0.83	0.87	0.99	1.42	1.92
Profit before tax	0.50	-1.73	0.32	-1.02	-0.16	-7.94	-4.12	-3.10	0.01	1.19	0.92	3.08	3.30
Tax %	8.00%	-0.58%	0.00%	8.82%	6.25%	13.98%	84.22%	30.00%	-13,300.00%	68.91%	-90.22%	24.03%
	0.45	-1.75	0.32	-0.93	-0.15	-6.83	-0.65	-2.18	1.34	0.36	1.75	2.34	2.60
EPS in Rs	0.56	-2.19	0.40	-1.16	-0.19	-8.54	-0.81	-2.72	1.52	0.38	1.56	2.09	2.23
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	12%
5 Years:	34%
3 Years:	29%
TTM:	46%

Compounded Profit Growth
10 Years:	13%
5 Years:	39%
3 Years:	20%
TTM:	60%

Stock Price CAGR
10 Years:	%
5 Years:	69%
3 Years:	121%
1 Year:	159%

Return on Equity
10 Years:	-2%
5 Years:	2%
3 Years:	5%
Last Year:	7%

Balance Sheet

Figures in Rs. Crores

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	3.99	3.99	3.99	3.99	3.99	3.99	3.99	3.99	4.37	4.79	5.59	5.59	5.84
Reserves	-1.27	-3.02	-2.70	-3.70	-3.85	25.08	24.45	22.25	24.27	24.83	26.96	29.29	32.44
	3.44	3.56	3.74	3.69	4.06	4.48	8.56	9.50	9.50	15.00	17.27	26.53	26.11
	2.40	3.00	3.57	2.58	2.22	19.05	12.21	11.47	10.30	11.83	10.68	12.04	17.54
Total Liabilities	8.56	7.53	8.60	6.56	6.42	52.60	49.21	47.21	48.44	56.45	60.50	73.45	81.93
	2.58	2.43	2.42	2.18	1.88	49.84	46.08	42.50	42.55	43.98	48.75	58.01	63.31
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.51	2.30	0.50	0.01	0.00
	5.98	5.10	6.18	4.38	4.54	2.76	3.13	4.71	5.38	10.17	11.25	15.43	18.62
Total Assets	8.56	7.53	8.60	6.56	6.42	52.60	49.21	47.21	48.44	56.45	60.50	73.45	81.93

Cash Flows

Figures in Rs. Crores

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	0.27	0.48	0.66	0.85	-0.20	0.37	-3.81	0.56	1.43	0.27	1.62	2.47
	0.21	-0.09	-0.28	-0.30	0.00	0.01	0.00	-0.17	-1.37	-3.99	-3.97	-10.12
	-0.66	-0.50	-0.29	-0.56	0.11	-0.38	3.86	-0.13	-0.03	4.95	1.74	7.26
Net Cash Flow	-0.18	-0.11	0.09	-0.01	-0.09	0.00	0.05	0.26	0.03	1.22	-0.61	-0.39

Ratios

Figures in Rs. Crores

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	122.80	61.16	90.51	32.61	77.17	89.18	144.48	139.52	97.68	183.11	156.29	150.50
Inventory Days		1,349.65	1,368.75	807.26	2,679.63	349.23	124.14	465.96	384.67	389.79	300.38	397.69
Days Payable		628.14	759.03	447.59	970.37	380.77	66.70	93.19	124.58	90.91	55.89	97.28
Cash Conversion Cycle	122.80	782.67	700.23	392.29	1,786.44	57.63	201.92	512.29	357.77	482.00	400.79	450.90
Working Capital Days	201.83	120.35	130.74	86.74	180.41	-414.77	168.24	181.25	153.76	253.35	239.46	239.62
ROCE %	18.28%	-22.08%	21.34%	-7.33%	-12.22%	-33.17%	-11.31%	-5.97%	3.28%	6.11%	4.91%	8.88%

Shareholding Pattern

Numbers in percentages

	Dec 2020	Mar 2021	Jun 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
	69.24%	69.24%	69.24%	73.64%	73.64%	73.64%	73.64%	73.64%	73.64%	73.64%	70.44%	72.07%
	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.02%
	30.72%	30.72%	30.72%	26.33%	26.33%	26.33%	26.33%	26.33%	26.33%	26.32%	29.53%	27.91%
No. of Shareholders	5,314	5,310	5,257	5,170	5,117	5,111	5,117	5,099	5,093	5,401	5,393	5,452

	Dec 2015	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Dec 2023
	67.47%	67.46%	67.46%	67.87%	66.33%	69.24%	73.64%	73.64%	72.07%
	0.04%	0.04%	0.04%	0.04%	0.04%	0.03%	0.03%	0.03%	0.02%
	32.49%	32.50%	32.50%	32.09%	33.64%	30.72%	26.33%	26.33%	27.91%
No. of Shareholders	5,652	5,652	5,624	5,385	5,353	5,310	5,117	5,093	5,452

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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United Van Der Horst Ltd

United Van Der Horst Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports