United Drilling Tools Ltd, incorporated in 1985, is a leading Indian manufacturer of oil drilling tools and equipment essential for the oil, gas, drilling, and allied industries. Headquartered in Noida, India, the company has firmly established itself as a significant player in the upstream oil and gas exploration sector, catering to critical operational needs.
United Drilling Tools Limited specializes in manufacturing high-performance connectors and casing pipes, wireline winches, gas lift equipment, and downhole tools. Its comprehensive product portfolio encompasses multiple categories of specialized equipment vital for oil and gas operations. Beyond manufacturing, the company provides crucial installation services, including the provision of service tools, expert personnel to supervise pipe string make-up and running, thread inspection, and field repair and maintenance of all connectors.
The company offers a wide array of high-performance connectors (e.g., UDT Leopard, Swift, Lynx, Puma), casing pipes with connectors, loose connectors, fabrication, and welding services. Its wireline winch units include models like Slim Split, Flyline, Surveyline, Truckline, Landline, Scrapping, and Survey Lines. The gas lift equipment range comprises injection pressure-operated gas lift valves (GLV), wireline retrievable orifice and dummy valves, tubing pressure-operated GLV, conventional and side pocket mandrels, latches, running and pulling tools, kick-over tools, and check valves.
United Drilling Tools Ltd holds a significant market position as a leading manufacturer of oil drilling-related equipment in India. The company has secured a substantial order book, most notably a INR 1075.47 MN order from ONGC, which expanded its total order book to approximately ₹250-280 crore. This prestigious order highlights UDTL's robust partnership with ONGC and its commitment to stringent quality standards and a customer-centric approach.
The company is also actively expanding its international presence. Selection of its products by international clients like Cactus for Oil Services underscores the industry's strong confidence in UDTL's high-quality equipment. Management is optimistic about future opportunities and aims for significant expansion in overseas markets.
- Market Capitalization: ₹542 Crore (as of January 03, 2025)
- Exchange Listing: NSE & BSE (Symbol: UNIDT)
- Recent Quarterly Performance (Q4 FY25): Revenue: ₹31.12 Cr, Net Profit: ₹3.89 Cr
- Recent Quarterly Performance (Q3 FY25): Consolidated Net Profit: ₹2.65 Cr (up 9.1% YoY), Revenue: ₹33.89 Cr (marginally down YoY)
- Recent Quarterly Performance (Q2 FY25): Consolidated Net Profit: ₹4.14 Cr (up 79.2% YoY), Net Sales: ₹48.85 Cr (up 55.6% YoY)
- Full Year FY25 Performance: Revenue: ₹175.08 Cr (up 26.8% YoY), Net Profit: ₹14.92 Cr (up 62.68% YoY)
- Annual Revenue Growth: 8%
- Pre-tax Margin: 11% (Healthy)
- Return on Equity (ROE): 3% (Fair, with scope for improvement)
- TTM Revenue: ₹180.00 Cr
- Promoter Holding: 74.6%
United Drilling Tools operates state-of-the-art manufacturing facilities designed to meet stringent international quality requirements. These facilities are equipped with advanced machinery, including CNC and special-purpose lathes, milling machines, drilling machines, and cylindrical grinders. The manufacturing process is supported by dedicated fabrication, assembly, and testing shops, as well as a robust Design, Research, Development, and Engineering Department.
The Quality Assurance Department conducts comprehensive destructive and non-destructive testing, such as ultrasonic, Magnaflux, X-Ray, and die penetration tests, ensuring the highest standards. United Drilling Tools has obtained critical global quality certifications, including ISO 9001 and American Petroleum Institute (API) certifications, solidifying its position as a global supplier of choice for reliable, proven, high-quality, and competitively priced Downhole, Handling, and Gas lift equipment.
The company's product offerings are categorized into specialized equipment essential for upstream oil and gas operations. This includes:
- High-Performance Connectors: Such as UDT Leopard, Swift, Lynx, and Puma.
- Casing Pipes: Including associated connectors, loose connectors, and fabrication services.
- Wireline Winch Units: Models like Slim Split, Flyline, Surveyline, Truckline, Landline, Scrapping, and Survey Lines.
- Gas Lift Equipment: Featuring injection pressure-operated GLVs, wireline retrievable orifice and dummy valves, tubing pressure-operated GLVs, conventional and side pocket mandrels, latches, running and pulling tools, kick-over tools, and check valves.
- Industry Solutions: Tailored solutions for various operational needs.
The company strategically focuses on innovation, recently launching new products like UDT Chaser Subs and Drive Subs, UDT Circulating Head, UDT Crossovers and Pup Joints, UDT Anti-Rotation Device (Shear Tool), UDT Telescopic Mastline Unit, and UDT BOP Control System for Truck-Mounted Slickline Winches in 2024.
United Drilling Tools boasts a strong financial standing with a debt-free balance sheet. This robust financial position enables the company to report stable earnings growth across different business cycles and provides flexibility for strategic investments and operations. The company's focus on profitability and operational efficiency is reflected in its healthy profit margins and increasing revenue and net profit figures, particularly evident in FY25 performance.
United Drilling Tools Ltd is led by a dedicated management team. Pramod Kumar Gupta serves as the Chairman, and Anand Kumar Mishra is the Company Secretary. The company maintains a focused ownership structure, with Promoter Holding at 74.6%, which indicates strong promoter confidence and commitment to the business's long-term growth and stability.
The company's growth trajectory has been marked by strategic expansions. A significant milestone was the amalgamation of Macro Steel Engineers Pvt. Ltd. (Transferor Company) with United Drilling Tools Ltd. This amalgamation was sanctioned by the Delhi High Court via its Order dated May 01, 2014, and became effective on July 25, 2014. This strategic move significantly enhanced the company's manufacturing capabilities and broadened its market presence.
United Drilling Tools continues to solidify its position as a trusted partner in India's oil and gas sector, leveraging its extensive technical expertise, adherence to international quality certifications, and strong client relationships to drive sustainable growth within the evolving global energy landscape.
