United Van Der Horst Ltd

United Van Der Horst Ltd

₹ 138 3.65%
11 Dec 4:00 p.m.
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.

  • Market Cap 169 Cr.
  • Current Price 138
  • High / Low 171 / 88.6
  • Stock P/E 56.2
  • Book Value 41.4
  • Dividend Yield 0.73 %
  • ROCE 8.12 %
  • ROE 4.70 %
  • Face Value 5.00

Pros

  • Promoter holding has increased by 2.88% over last quarter.

Cons

  • Stock is trading at 3.33 times its book value
  • Company has a low return on equity of 5.70% over last 3 years.
  • Company has high debtors of 190 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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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
2.63 3.00 3.79 3.77 3.54 4.42 5.03 5.62 6.04 6.00 5.22 5.70 7.95
1.88 2.02 4.01 2.48 2.17 3.03 3.25 3.76 4.50 3.72 3.76 4.21 3.98
Operating Profit 0.75 0.98 -0.22 1.29 1.37 1.39 1.78 1.86 1.54 2.28 1.46 1.49 3.97
OPM % 28.52% 32.67% -5.80% 34.22% 38.70% 31.45% 35.39% 33.10% 25.50% 38.00% 27.97% 26.14% 49.94%
0.27 0.11 0.14 0.12 0.12 0.12 0.15 0.11 0.12 0.12 0.12 0.12 0.12
Interest 0.35 0.33 0.32 0.37 0.46 0.42 0.60 0.71 0.71 0.72 0.83 0.74 0.76
Depreciation 0.23 0.26 0.28 0.30 0.30 0.41 0.42 0.46 0.50 0.54 0.59 0.62 0.68
Profit before tax 0.44 0.50 -0.68 0.74 0.73 0.68 0.91 0.80 0.45 1.14 0.16 0.25 2.65
Tax % 2.27% 0.00% -120.59% 55.41% -6.85% 45.59% 7.69% 33.75% 26.67% 21.93% 37.50% 36.00% 29.43%
0.43 0.51 0.13 0.34 0.78 0.37 0.85 0.53 0.33 0.89 0.09 0.17 1.86
EPS in Rs 0.45 0.46 0.12 0.30 0.70 0.33 0.76 0.47 0.28 0.72 0.07 0.14 1.50
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
5.55 6.17 5.26 3.50 1.76 3.84 5.86 7.81 8.99 11.63 16.71 22.83 24.87
6.49 4.85 5.20 3.72 4.25 4.12 4.28 5.79 6.00 9.00 10.86 15.68 15.67
Operating Profit -0.94 1.32 0.06 -0.22 -2.49 -0.28 1.58 2.02 2.99 2.63 5.85 7.15 9.20
OPM % -16.94% 21.39% 1.14% -6.29% -141.48% -7.29% 26.96% 25.86% 33.26% 22.61% 35.01% 31.32% 36.99%
0.01 -0.01 -0.09 0.88 -0.85 0.13 0.14 0.02 0.41 0.68 0.51 0.46 0.48
Interest 0.51 0.68 0.60 0.52 0.82 0.22 1.07 1.20 1.34 1.40 1.86 2.97 3.05
Depreciation 0.29 0.31 0.39 0.30 3.78 3.75 3.75 0.83 0.87 0.99 1.42 2.10 2.43
Profit before tax -1.73 0.32 -1.02 -0.16 -7.94 -4.12 -3.10 0.01 1.19 0.92 3.08 2.54 4.20
Tax % 0.58% 0.00% -8.82% -6.25% -13.98% -84.22% -30.00% -13,300.00% 68.91% -90.22% 24.03% 27.17%
-1.75 0.32 -0.93 -0.15 -6.83 -0.65 -2.18 1.34 0.36 1.75 2.34 1.84 3.01
EPS in Rs -2.19 0.40 -1.16 -0.19 -8.54 -0.81 -2.72 1.52 0.38 1.56 2.09 1.49 2.43
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 67.17%
Compounded Sales Growth
10 Years: 14%
5 Years: 31%
3 Years: 36%
TTM: 18%
Compounded Profit Growth
10 Years: 18%
5 Years: 23%
3 Years: 73%
TTM: 45%
Stock Price CAGR
10 Years: %
5 Years: 66%
3 Years: 71%
1 Year: 53%
Return on Equity
10 Years: -1%
5 Years: 5%
3 Years: 6%
Last Year: 5%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 3.99 3.99 3.99 3.99 3.99 3.99 3.99 4.37 4.79 5.59 5.59 6.18 6.89
Reserves -3.02 -2.70 -3.70 -3.85 25.08 24.45 22.25 24.27 24.83 26.96 29.29 37.62 44.27
3.56 3.74 3.69 4.06 4.48 8.56 9.50 9.50 15.00 17.27 26.53 30.75 26.10
3.00 3.57 2.58 2.22 19.05 12.21 11.47 10.30 11.83 10.68 12.04 13.51 14.10
Total Liabilities 7.53 8.60 6.56 6.42 52.60 49.21 47.21 48.44 56.45 60.50 73.45 88.06 91.36
2.43 2.42 2.18 1.88 49.84 46.08 42.50 42.55 43.98 48.75 58.01 66.29 68.21
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.73 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.51 2.30 0.50 0.01 0.00 0.00
5.10 6.18 4.38 4.54 2.76 3.13 4.71 5.38 10.17 11.25 15.43 21.04 23.15
Total Assets 7.53 8.60 6.56 6.42 52.60 49.21 47.21 48.44 56.45 60.50 73.45 88.06 91.36

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0.48 0.66 0.85 -0.20 0.37 -3.81 0.56 1.43 0.27 1.62 2.47 2.46
-0.09 -0.28 -0.30 0.00 0.01 0.00 -0.17 -1.37 -3.99 -3.97 -10.12 -11.11
-0.50 -0.29 -0.56 0.11 -0.38 3.86 -0.13 -0.03 4.95 1.74 7.26 8.41
Net Cash Flow -0.11 0.09 -0.01 -0.09 0.00 0.05 0.26 0.03 1.22 -0.61 -0.39 -0.24

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 61.16 90.51 32.61 77.17 89.18 144.48 139.52 97.68 183.11 156.29 150.50 190.25
Inventory Days 1,349.65 1,368.75 807.26 2,679.63 349.23 124.14 465.96 384.67 389.79 300.38 397.69 300.73
Days Payable 628.14 759.03 447.59 970.37 380.77 66.70 93.19 124.58 90.91 55.89 111.29 97.63
Cash Conversion Cycle 782.67 700.23 392.29 1,786.44 57.63 201.92 512.29 357.77 482.00 400.79 436.90 393.36
Working Capital Days 120.35 130.74 86.74 180.41 -414.77 168.24 181.25 153.76 253.35 239.46 239.62 254.20
ROCE % -22.08% 21.34% -7.33% -12.22% -33.17% -11.31% -5.97% 3.28% 6.11% 4.91% 8.88% 8.12%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
73.64% 73.64% 73.64% 73.64% 73.64% 73.64% 73.64% 70.44% 72.07% 72.07% 72.07% 74.94%
0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.02% 0.02% 0.02% 0.02%
26.33% 26.33% 26.33% 26.33% 26.33% 26.33% 26.32% 29.53% 27.91% 27.91% 27.91% 25.02%
No. of Shareholders 5,1705,1175,1115,1175,0995,0935,4015,3935,4527,4886,9006,947

* 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.

Click on the line-items to see the names of individual entities.

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