United Heat Transfer Ltd
UHTL NSE
United Heat Transfer Ltd
IndustrialsNSE: UHTL Industrial Products
Key Fundamentals
SMEOther Industrial ProductsIndustrial ProductsMarket Cap
₹247 Cr
Volatility
High Risk
P/E Ratio
47.1
EBITDA
₹10.46 Cr
Return on Equity
9.06%
Debt to Equity
0.3
Book Value
₹33.43
52W High
₹131.55
52W Low
₹44
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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33 extracted metrics + investor summaries across FY20–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
1- Company has delivered good profit growth of 27.3% CAGR over last 5 years
Weaknesses
3- Stock is trading at 3.89 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.
Growth Rate
Revenue Growth
7.33% ↘
Net Income Growth
-0.38% ↗
Cash Flow Change
-308.87% ↘
ROE
-70.32% ↘
ROCE
-48.36% ↘
EBITDA Margin (Avg.)
-22.83% ↘
Quarterly Results
| 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 in Rs | — | 2.2 | 1.18 | 0.44 | 2.19 |
Profit & Loss
| 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 | 72.88 |
| Expenses | 32.75 | 29.03 | 41.38 | 61.82 | 50.04 | 55.13 | 62.42 |
| 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% | 14.35% |
| 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 in Rs | — | — | — | — | — | 2.79 | 2.64 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| 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 | 11.62 |
| Total Liabilities | 23.41 | 49.48 | 62.63 | 64.81 | 70.52 | 87.93 | 94.05 |
| 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 | 51.19 |
| Total Assets | 23.41 | 49.48 | 62.63 | 64.81 | 70.52 | 87.93 | 94.05 |
Cash Flow
| 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
| 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 | 83.94 |
| 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 | 127 |
| ROCE % | — | 11.14% | 11.53% | 13.95% | 16.16% | 15.69% | 11.84% |
Documents
1
Trading Window
23 Aug - Trading window closes from 24 Aug 2026; board meets 26 Aug 2026 to consider preferential issuance. 23 Aug - Trading window closes from 24 Aug 2026; board meets 26 Aug 2026 to consider preferential issuance.
2
Resignation of Director/KMP/SMP
20 Aug - United Heat Transfer Limited has informed about Resignation of Director/KMP/SMP 20 Aug - United Heat Transfer Limited has informed about Resignation of Director/KMP/SMP
3
Resignation
20 Aug - CFO Vinayak Uttam Parab resigns effective 25 August 2026. 20 Aug - CFO Vinayak Uttam Parab resigns effective 25 August 2026.
4
Bagging/Receiving of orders/contracts
19 Aug - Won Rs. 3.28 crore domestic order from Siemens Energy; deliveries scheduled January-September 2027. 19 Aug - Won Rs. 3.28 crore domestic order from Siemens Energy; deliveries scheduled January-September 2027.
5
Bagging/Receiving of orders/contracts
19 Aug - Received domestic order from Siemens Energy for spare vessels worth about Rs. 94.96 lakh, to be delivered by 31 March 2027. 19 Aug - Received domestic order from Siemens Energy for spare vessels worth about Rs. 94.96 lakh, to be delivered by 31 March 2027.
Frequently Asked Questions about United Heat Transfer Ltd
What does United Heat Transfer Ltd do?
Incorporated in January 1995, United Heat Transfers Limited manufactures essential equipment such as heat exchangers, pressure vessels, and process flow skids.[1]
Where is United Heat Transfer Ltd (UHTL) listed?
United Heat Transfer Ltd is listed on the Indian stock exchanges. It is listed on NSE: UHTL. You can view its live share price, financials, and ratios on Tapetide.
Which sector does United Heat Transfer Ltd belong to?
United Heat Transfer Ltd operates in the Industrials sector within the Industrial Products industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of United Heat Transfer Ltd?
United Heat Transfer Ltd has a market capitalisation of approximately ₹247.24 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of United Heat Transfer Ltd?
The Price-to-Earnings (PE) ratio of United Heat Transfer Ltd is 47.10. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of United Heat Transfer Ltd?
Over the past 52 weeks, United Heat Transfer Ltd has traded between a low of ₹44 and a high of ₹131.55. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of United Heat Transfer Ltd?
United Heat Transfer Ltd has a Return on Equity (ROE) of 9.06%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research United Heat Transfer Ltd on Tapetide?
On Tapetide, you can view United Heat Transfer Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Incorporated in January 1995, United Heat Transfers Limited manufactures essential equipment such as heat exchangers, pressure vessels, and process flow skids.[1]