United Heat Transfer Ltd

United Heat Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

United Heat Transfer Ltd

₹ 70.6 -1.19%
05 Sep - close price
Company website NSE - SME: UHTL
About

Incorporated in January 1995, United Heat Transfers Limited manufactures essential equipment such as heat exchangers, pressure vessels, and process flow skids.[1]

Key Points

Business Profile[1]
United Heat Transfer Limited (UHTL) manufactures heat exchangers, pressure vessels, and process flow skids for automotive, marine, power generation, and oil & gas industries. The company produces critical equipment for engines, maritime applications, mining trucks, and power generators, adhering to global standards like TEMA, ASME, and API in its manufacturing processes.

Website NSE - SM
  • Market Cap ₹ 134 Cr.
  • Current Price ₹ 70.6
  • High / Low ₹ 129 / 51.5
  • Stock P/E 25.3
  • Book Value ₹ 30.8
  • Dividend Yield 0.00 %
  • ROCE 15.7 %
  • ROE 13.4 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 26.4% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Debtor days have increased from 73.5 to 102 days.
  • Company's cost of borrowing seems high
  • Working capital days have increased from 58.2 days to 155 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

Industrials Capital Goods Industrial Products Other Industrial Products

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Half Yearly Results

Figures in Rs. Crores

Mar 2024 Sep 2024 Mar 2025
39.93 28.41 38.41
35.92 21.93 33.50
Operating Profit 4.01 6.48 4.91
OPM % 10.04% 22.81% 12.78%
3.78 0.56 0.51
Interest 2.13 2.00 1.37
Depreciation 0.92 0.98 0.99
Profit before tax 4.74 4.06 3.06
Tax % 21.31% 24.88% 26.47%
3.73 3.06 2.24
EPS in Rs 2.20 1.18
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
36.82 33.10 47.55 69.60 60.03 66.52
32.75 29.03 41.38 61.82 50.04 55.13
Operating Profit 4.07 4.07 6.17 7.78 9.99 11.39
OPM % 11.05% 12.30% 12.98% 11.18% 16.64% 17.12%
0.16 0.18 0.15 0.44 3.90 1.07
Interest 1.12 1.36 2.96 3.92 4.20 3.37
Depreciation 0.84 0.89 1.21 1.48 1.83 1.97
Profit before tax 2.27 2.00 2.15 2.82 7.86 7.12
Tax % 27.75% 25.00% 28.84% 24.82% 20.61% 25.56%
1.64 1.50 1.53 2.12 6.24 5.30
EPS in Rs 2.79
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: 13%
3 Years: 12%
TTM: 11%
Compounded Profit Growth
10 Years: %
5 Years: 26%
3 Years: 48%
TTM: 59%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 15%
3 Years: 15%
Last Year: 13%

Balance Sheet

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 4.25 4.25 4.25 4.25 12.75 19.00
Reserves 4.74 6.25 7.77 9.89 7.69 39.52
9.57 31.28 37.62 32.96 36.92 17.83
4.85 7.70 12.99 17.71 13.16 11.58
Total Liabilities 23.41 49.48 62.63 64.81 70.52 87.93
0.00 0.00 23.76 24.55 34.61 34.95
CWIP 0.00 15.20 10.63 11.24 0.98 0.98
Investments 0.00 0.00 1.71 1.59 1.72 1.99
23.41 34.28 26.53 27.43 33.21 50.01
Total Assets 23.41 49.48 62.63 64.81 70.52 87.93

Cash Flows

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
3.25 0.00 2.41 7.64 3.27 -6.83
-0.36 -21.67 -5.13 -2.76 -1.75 -2.58
-2.17 21.65 3.64 -5.20 -2.10 9.50
Net Cash Flow 0.72 -0.02 0.92 -0.32 -0.57 0.09

Ratios

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 62.95 76.09 60.33 38.34 80.02 102.11
Inventory Days 87.02 141.55 213.41 134.88 152.08 257.58
Days Payable 45.39 92.76 147.34 104.83 68.17 55.45
Cash Conversion Cycle 104.58 124.87 126.40 68.39 163.93 304.24
Working Capital Days 83.37 110.82 19.27 7.76 11.55 155.45
ROCE % 11.14% 11.53% 13.95% 16.16% 15.69%

Shareholding Pattern

Numbers in percentages

Oct 2024Mar 2025
67.09% 67.46%
4.73% 0.62%
7.95% 3.58%
20.24% 28.34%
No. of Shareholders 1,196803

* 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.

Documents

Announcements

Annual reports

Concalls

  • Aug 2025
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