United Heat Transfer
Key Fundamentals
SMEIndustrial ProductsCapital GoodsPrice-based figures as of · TTM
- ROCE
- 11.80%
- Debt to Equity
- 0.30
- EPS (TTM)
- —
- Book Value
- ₹33.43
- Market Cap
- —
- P/E (TTM)
- —
- P/B
- 5.50
- ROE
- 8.21%
- Dividend Yield
- 0.00%
- EBITDA
- ₹11.50 Cr
- 52W High
- ₹233.85
- 52W Low
- ₹44.00
- Day Range
- ₹169.60 – ₹185.00
- Volume
- 61,000
Peer Comparison
Industrials › Industrial Products › Other Industrial Products
| ₹836.40 | 29.69 | ₹22,697 Cr | 10.47 | 0.37% | 45.30% | 59.30% | ₹3,339 Cr | ₹780 Cr | |
| ₹1,936.70 | 68.97 | ₹17,030 Cr | 15.73 | 0.11% | 26.10% | 33.50% | ₹1,618 Cr | ₹255 Cr | |
| ₹5,330.00 | 36.98 | ₹8,482 Cr | 19.11 | 1.37% | 48.80% | 64.70% | ₹1,577 Cr | ₹222 Cr | |
| ₹1,011.70 | 65.95 | ₹6,440 Cr | 6.73 | 0.00% | 14.10% | 16.00% | ₹737 Cr | ₹97 Cr | |
| ₹462.00 | 27.19 | ₹4,075 Cr | 3.00 | 0.34% | 10.50% | 13.00% | ₹1,719 Cr | ₹154 Cr | |
| ₹595.10 | 23.34 | ₹3,836 Cr | 3.12 | 0.51% | 14.50% | 19.20% | ₹3,909 Cr | ₹167 Cr | |
| ₹1,414.20 | 21.46 | ₹2,487 Cr | 4.32 | 0.52% | 16.40% | 22.70% | ₹1,258 Cr | ₹115 Cr | |
| United Heat Transfer (this company) | ₹183.75 | — | ₹327 Cr | 5.50 | 0.00% | 8.21% | 11.80% | — | — |
| Median 8 companies | ₹924.05 | 29.69 | ₹5,257 Cr | 6.12 | 0.36% | 15.45% | 20.95% | ₹1,618 Cr | ₹167 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
Data confidence 84/100
Category scores
- Quality
- 66
- Strong
- Returns, margins, earnings quality 22% weight
- Valuation
- 36
- Poor
- Cheap vs sector & own history 24% weight
- Growth
- 50
- Average
- Sales & profit trajectory 9% weight
- Financial Health
- 76
- Strong
- Solvency, leverage, coverage 9% weight
- Momentum
- 99
- Strong
- Trend strength, vol-adjusted 12% weight
- Ownership
- 32
- Poor
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
1- Company has delivered good profit growth of 27.3% CAGR over last 5 years
Weaknesses
3- Stock is trading at 6.47 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 11.6% over last 3 years.
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Bullish | 6 | 5 | 8 |
| Oscillators | Neutral | 2 | 5 | 2 |
| Moving Averages | Strong Bullish | 4 | 0 | 6 |
Oscillators
Neutral
Overall
Bullish
Moving Averages
Strong Bullish
Key readings
- RSI (14)
- 42.19
- Neutral
- MACD (12,26,9)
- −0.29
- Bearish
- SMA (50)
- 183.73
- Bullish
- SMA (200)
- 98.55
- Bullish
As of
Growth Rate
From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025.
Revenue
| 5Y | +17.05% |
|---|---|
| 3Y | +1.47% |
| 1Y | +9.31% |
Net profit
| 5Y | +27.28% |
|---|---|
| 3Y | +33.20% |
| 1Y | −5.47% |
Operating cash flow
| 5Y | Zero base |
|---|---|
| 3Y | +1.88% |
| 1Y | Turned positive |
Operating margin· change in pp
| 5Y | +2.09 pp |
|---|---|
| 3Y | +3.21 pp |
| 1Y | −2.73 pp |
Trailing twelve months: Results are not reported for each of the last eight quarters, so there is no trailing-twelve-month figure.
Revenue by year
| Mar 2020 | ₹36.82 Cr |
|---|---|
| Mar 2021 | ₹33.10 Cr |
| Mar 2022 | ₹47.55 Cr |
| Mar 2023 | ₹69.60 Cr |
| Mar 2024 | ₹60.03 Cr |
| Mar 2025 | ₹66.52 Cr |
| Mar 2026 | ₹72.71 Cr |
Net profit by year
| Mar 2020 | ₹1.64 Cr |
|---|---|
| Mar 2021 | ₹1.50 Cr |
| Mar 2022 | ₹1.53 Cr |
| Mar 2023 | ₹2.12 Cr |
| Mar 2024 | ₹6.24 Cr |
| Mar 2025 | ₹5.30 Cr |
| Mar 2026 | ₹5.01 Cr |
Half-yearly Results
₹ Cr| Particulars | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Sales | 39.93 | 28.41 | 38.41 | 21.44 | 51.44 |
| Expenses | 35.92 | 21.93 | 33.5 | 18.87 | 43.54 |
| Operating Profit | 4.01 | 6.48 | 4.91 | 2.57 | 7.9 |
| OPM % | 10.04% | 22.81% | 12.78% | 11.99% | 15.36% |
| Other Income | 3.78 | 0.56 | 0.51 | 0.85 | 0.14 |
| Interest | 2.13 | 2 | 1.37 | 1.28 | 1.33 |
| Depreciation | 0.92 | 0.98 | 0.99 | 1.01 | 1.05 |
| PBT | 4.74 | 4.06 | 3.06 | 1.13 | 5.66 |
| Tax % | 21.31% | 24.88% | 26.47% | 25.66% | 26.33% |
| Net Profit | 3.73 | 3.06 | 2.24 | 0.84 | 4.17 |
| EPS (₹) | — | 2.2 | 1.18 | 0.44 | 2.19 |
Profit & Loss
₹ Cr| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Sales | 36.82 | 33.1 | 47.55 | 69.6 | 60.03 | 66.52 | 72.71 |
| Expenses | 32.75 | 29.03 | 41.38 | 61.82 | 50.04 | 55.13 | 62.25 |
| Operating Profit | 4.07 | 4.07 | 6.17 | 7.78 | 9.99 | 11.39 | 10.46 |
| OPM % | 11.05% | 12.3% | 12.98% | 11.18% | 16.64% | 17.12% | 14.39% |
| Other Income | 0.16 | 0.18 | 0.15 | 0.44 | 3.9 | 1.07 | 1 |
| Interest | 1.12 | 1.36 | 2.96 | 3.92 | 4.2 | 3.37 | 2.61 |
| Depreciation | 0.84 | 0.89 | 1.21 | 1.48 | 1.83 | 1.97 | 2.06 |
| PBT | 2.27 | 2 | 2.15 | 2.82 | 7.86 | 7.12 | 6.79 |
| Tax % | 27.75% | 25% | 28.84% | 24.82% | 20.61% | 25.56% | 26.22% |
| Net Profit | 1.64 | 1.5 | 1.53 | 2.12 | 6.24 | 5.3 | 5.01 |
| EPS (₹) | — | — | — | — | — | 2.79 | 2.64 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
₹ Cr| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Equity Capital | 4.25 | 4.25 | 4.25 | 4.25 | 12.75 | 19 | 19 |
| Reserves | 4.74 | 6.25 | 7.77 | 9.89 | 7.69 | 39.52 | 44.53 |
| Borrowings | 9.57 | 31.28 | 37.62 | 32.96 | 36.92 | 17.83 | 18.9 |
| Other Liabilities | 4.85 | 7.7 | 12.99 | 17.71 | 13.16 | 11.58 | 11.63 |
| Total Liabilities | 23.41 | 49.48 | 62.63 | 64.81 | 70.52 | 87.93 | 94.06 |
| Fixed Assets | 0 | 0 | 23.76 | 24.55 | 34.61 | 34.95 | 35.9 |
| CWIP | 0 | 15.2 | 10.63 | 11.24 | 0.98 | 0.98 | 4.3 |
| Investments | 0 | 0 | 1.71 | 1.59 | 1.72 | 1.99 | 2.66 |
| Other Assets | 23.41 | 34.28 | 26.53 | 27.43 | 33.21 | 50.01 | 51.2 |
| Total Assets | 23.41 | 49.48 | 62.63 | 64.81 | 70.52 | 87.93 | 94.06 |
Cash Flow
₹ Cr| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Operating | 3.25 | 0 | 2.41 | 7.64 | 3.27 | −6.83 | 8.08 |
| Investing | −0.36 | −21.67 | −5.13 | −2.76 | −1.75 | −2.58 | −7.11 |
| Financing | −2.17 | 21.65 | 3.64 | −5.2 | −2.1 | 9.5 | −1.28 |
| Net Cash Flow | 0.72 | −0.02 | 0.92 | −0.32 | −0.57 | 0.09 | −0.31 |
| Free Cash Flow | 3.1 | −21.44 | −2.01 | 4.76 | 1.63 | −9.13 | 1.75 |
| CFO/OP | 95 | 13 | 49 | 107 | 33 | −60 | 77 |
Ratios
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Debtor Days | 62.95 | 76.09 | 60.33 | 38.34 | 80.02 | 102 | 84.13 |
| Inventory Days | 87.02 | 142 | 213 | 135 | 152 | 258 | 263 |
| Days Payable | 45.39 | 92.76 | 147 | 105 | 68.17 | 55.45 | 62.98 |
| Cash Conversion Cycle | 105 | 125 | 126 | 68.39 | 164 | 304 | 284 |
| Working Capital Days | 83.37 | 111 | 19.27 | 7.76 | 11.55 | 155 | 128 |
| ROCE % | — | 11.14% | 11.53% | 13.95% | 16.16% | 15.69% | 11.84% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view United Heat Transfer insights
59 extracted metrics across FY20–FY26.
Documents
- Concall · Jun 2026Transcript PPT Recording
- Concall · Nov 2025PPT
- Concall · Aug 2025PPT
- 27 Feb 2026
- 12 Oct 2026
- 12 Oct 2026
- 12 Oct 2026
Frequently Asked Questions about United Heat Transfer
What does United Heat Transfer Ltd do?
Where is United Heat Transfer Ltd (UHTL) listed?
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Company Information
Incorporated in January 1995, United Heat Transfers Limited manufactures essential equipment such as heat exchangers, pressure vessels, and process flow skids.
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