IPO Plus

NSE · UHTL · Engineering

United Heat Transfer Ltd.

ESM · ESM 2
103.35
market cap
P/E
40.1
EPS
₹2.63
Book value
₹33.43
ROE
ROCE
15.55%
Debt / equity
0.69

Revenue & net profit by period

Bars = revenue (₹ Cr) · line = net profit (₹ Cr). Straight from disclosed results.

017.635.252.870.4Mar 22Mar 23Mar 24Mar 25
Revenue (₹ Cr) Net profit (₹ Cr)

Latest period: revenue ₹68 Cr with net profit ₹5 Cr — a 7.81% net margin, versus 9.73% the period before.

Shareholding

As of 2026-03-31

67.74%
promoter holding
  • Promoter67.74%
  • Public31.1%
  • FII0.26%
  • DII0.89%

830 shareholders on record

Promoter holding trend

Each disclosed period, oldest to newest

67.09%67.74%Oct 24Mar 26

52-week position

Where the current price sits in its yearly band

44103132

The band spans 2.99× from low to high.

Risk flags

Derived from disclosed data

  • Under exchange surveillance — ESM · ESM 2. Trading may carry price bands, periodic call auction or higher margins.

Peer comparison

Engineering · ranked #1 of 151 by market cap · medians across 50 industry peers

P/E
40.1vs 129.89 peer med
P/B
3.15vs 5.62 peer med
ROE %
vs 9.55 peer med
Margin %
vs 6.31 peer med
CompanyMkt capP/EP/BROEMargin
Hindustan Aeronautics Ltd.₹3,04,828 Cr72.657.4322.21%27.55%
Jyoti CNC Automation Ltd.₹18,353 Cr202.769.1716.79%16.05%
MTAR Technologies Limited₹15,977 Cr360.6919.4211.43%10.87%
Azad Engineering Limited₹15,539 Cr431.9710.178.69%22.05%
Aequs Limited₹15,405 Cr10.36-7.41%-9.21%
BEML Ltd.₹14,729 Cr81.915.024.82%3.25%
Lloyds Engineering Works Ltd.₹13,169 Cr265.097.7711.36%14.59%
Action Construction Equipment Ltd.₹12,468 Cr112.346.220.64%12.65%
Tega Industries Limited₹11,402 Cr79.923.354.19%8.43%
Jupiter Wagons Limited₹11,300 Cr394.633.795.74%5.87%
United Heat Transfer Ltd.(this company)39.33.09

AI analysis

AI-generated · google/gemini-2.5-flash

United Heat Transfer Ltd. (UHTL) has a PE ratio of 38.75 and an EPS of 2.63. The company's book value stands at 33.43 and its ROCE is 15.55%. Its debt-to-equity ratio is 0.69. The company recorded a revenue of Rs 67.88 Cr.

Positives

  • +Promoter holding has slightly increased from 67.09% in Oct 2024 to 67.74% in Mar 2026.
  • +No promoter shares are pledged, with a promoter pledge of 0% as of Mar 2026.

Negatives

  • The company is currently under ESM Stage 2 surveillance.
  • FII shareholding has declined from 4.73% in Oct 2024 to 0.26% in Mar 2026.
  • Revenue decreased by 9.07% from Rs 70.40 Cr in Mar 2023 to Rs 64.10 Cr in Mar 2024.
  • Net profit decreased by 15.08% from Rs 6.24 Cr in Mar 2024 to Rs 5.30 Cr in Mar 2025.
  • EPS decreased by 31.89% from 4.89 in Mar 2024 to 3.33 in Mar 2025.

Financial performance

United Heat Transfer Ltd. reported a revenue of Rs 67.88 Cr for the latest financial year. The annual revenue has shown fluctuation, decreasing from Rs 70.40 Cr in Mar 2023 to Rs 64.10 Cr in Mar 2024, before increasing to Rs 67.88 Cr in Mar 2025. Net profit also varied, rising from Rs 2.12 Cr in Mar 2023 to Rs 6.24 Cr in Mar 2024, then falling to Rs 5.30 Cr in Mar 2025. EPS followed a similar trend, increasing from 1.66 in Mar 2023 to 4.89 in Mar 2024, and then decreasing to 3.33 in Mar 2025.

Profitability & returns

The company’s EPS for the latest period is 2.63. Over the last three annual periods, EPS has been inconsistent, moving from 1.66 in Mar 2023 to 4.89 in Mar 2024, and then to 3.33 in Mar 2025. The ROCE is 15.55%.

Balance sheet

United Heat Transfer Ltd. has a debt-to-equity ratio of 0.69, indicating its reliance on debt financing. The book value per share is 33.43. No other specific balance sheet figures are available in the provided data.

Ownership & pledges

Public shareholding stands at 31.10% for the same period. Institutional holdings, including DII and FII, were 1.16%. Promoter holding has shown a slight increase from 67.09% in Oct 2024 to 67.74% in Mar 2026. FII holding has decreased from 4.73% in Oct 2024 to 0.26% in Mar 2026.

Regulatory & surveillance

United Heat Transfer Ltd. is currently under the Exchange Surveillance Measure (ESM) Stage 2. This signifies that the stock is subject to enhanced monitoring by the exchange due to specific criteria met, indicating potential risks that investors should be aware of. The measure 'ESM' is a key component of this surveillance.

Data as of — price: 2026-07-29 · financials: Mar 25 · shareholding: Mar 26. Figures are restated only when the company files again, so a period shown here is the most recent one on record — not necessarily the current quarter.

How this is produced: every figure above is computed from exchange filings and financial data mirrored by IPO Plus — no figure is generated or estimated. This is a factual summary for information and education only. It is not investment advice, not a recommendation to buy, sell or hold any security, and contains no price targets. Verify against the company's filings and the exchanges before any decision.

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