NSE: UNIDT · BSE: 522014
UNITED DRILLING TOOLS LTD
Manufactures drilling tools and oilfield equipment for the oil and gas industry. Products include tubing, pup joints and crossovers; casing pipes fitted with premium connection technology such as PUMA Connectors and Multi Start High Performance Connectors; and winch accessories. Customers span domestic operators such as Vedanta's Cairn Oil and Gas business and Oil India, with ONGC and private explorers including Vedanta, Reliance, Adani and Welspun on the prospective list; on the export side, supplies reach Baker Hughes (Singapore), Trident East Limited (Russia) and Argentera Oil and Gas (Brazil) for onward use by Petrobras. Recent orders include a Rs 3.89 crore repeat domestic order from Vedanta for tubing, pup joints and crossovers (24-week execution), a Rs 1.61 crore repeat export order for casing pipe with multi start connectors to Petrobras via Argentera, and a Rs 93 lakh repeat export order from Trident East for PUMA Connectors. The business recently entered India's premium casing and tubing segment — earlier dominated by a handful of global suppliers — by deploying 5,000 metres of 7-inch premium production casing at an Oil India gas well in Assam. FY26 revenue from operations was Rs 181.12 crore with an EBITDA margin of 19.29%, and raw materials form the largest cost line at 55.2% of revenue. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Oilfield drilling tools and accessories, Premium connection casing and tubing. Niche, order-driven manufacturer of oilfield drilling tools and connectors serving domestic and export upstream clients.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 175 | 120 | 130 | 168 | 181 |
| EBITDA (ex other income) | 74 | 19 | 21 | 26 | 32 |
| margin % | 42.5 | 16.0 | 16.4 | 15.4 | 17.5 |
| Owners' profit | 0 | 10 | 0 | 15 | 0 |
| EPS, as reported (₹) | 23.94 | 5.03 | 4.63 | 7.38 | 9.40 |
| ROE % · ROCE % | 20.8 · 29.3 | 4.2 · 6.2 | 3.7 · 6.4 | 5.7 · 8.3 | 6.8 · 10.6 |
| Debt / equity (x) | 0.07 | 0.02 | 0.13 | 0.12 | 0.01 |
| Cash from operations | 8 | 26 | (16) | 9 | 39 |
| Capex | (6) | (9) | (8) | (3) | (4) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 49 | 34 | 31 | 32 | 56 | 51 | 43 | 34 |
| Profit before tax | 6 | 4 | 4 | 4 | 8 | 8 | 7 | 6 |
| Net profit | 4 | 3 | 4 | 3 | 6 | 5 | 5 | 4 |
| EPS (₹) | 2.04 | 1.31 | 1.90 | 1.45 | 2.83 | 2.69 | 2.43 | 2.14 |
Exhibit 3: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 29 Sept 2026 · Trading Window Closure for Q2 FY27 Results | compliance | minimal | — | — |
| 25 Sept 2026 · 44th AGM: All 6 resolutions passed, dividends confirmed | board shareholder meetings | medium | — | — |
| 23 Sept 2026 · 44th AGM concludes; final dividend and 6 resolutions tabled | board shareholder meetings | medium | — | — |
| 19 Sept 2026 · United Drilling Tools gets order from ONGC worth Rs 4.78 cr | business updates | high | — | — |
| 10 Sept 2026 · Supply order from Brazil's Argentera Engenharia worth Rs 73.35 lakh | business updates | medium | — | — |
| 1 Sept 2026 · AGM notice and annual report web link shared with shareholders | general | low | — | — |
| 1 Sept 2026 · UDTL FY26 Annual Report: Revenue up 5.7%, PAT jumps 25.7% to Rs 18.76 cr | compliance | low | — | — |
| 1 Sept 2026 · Notice of 44th AGM on Sept 23, 2026; Final Dividend of Rs 0.60 per Share | board shareholder meetings | low | — | — |
| 1 Sept 2026 · UDTL FY26 Annual Report: PAT up 26%, EBITDA margin expands to 18.5% | results | high | — | — |
| 14 Aug 2026 · Correction in record date for final dividend | general | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.