United Drilling Tools Limited (UNIDT.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-13.3%

₹160.65

vs ₹185.30 price

Levered DCF

₹61.51

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

—

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	15.61×	29.22×	50.49×	38.04×	19.93×	16.3×	11.61×	21.23×
P/B	1.06×	1.66×	1.87×	1.58×	4.16×	2.75×	3.2×	3.99×
P/S	1.64×	2.61×	3.64×	3.26×	5.7×	3.73×	4.7×	3.36×
EV / EBITDA	8.52×	17.01×	23.74×	20.38×	13.54×	12.79×	9.29×	18.04×
Gross margin	26.2%	36.9%	23.3%	18.6%	52.8%	30.3%	62.1%	33.4%
Operating margin	15.0%	12.4%	27.8%	12.8%	40.7%	26.6%	45.0%	19.0%
Net margin	10.5%	8.9%	7.2%	8.6%	28.6%	22.9%	40.5%	15.8%
Current ratio	10.05×	3.78×	2.78×	6.77×	5.16×	3.4×	8.2×	5.35×
Debt / equity	0.01×	0.12×	0.13×	0.02×	0.08×	0.1×	0×	0×
Interest coverage	7.62×	7.61×	12.07×	18.51×	85.02×	140.32×	99.47×	29.67×
Dividend yield	1.2%	0.8%	0.8%	0.9%	0.4%	0.6%	2.4%	0.8%
Payout ratio	19.3%	24.3%	39.0%	35.6%	8.5%	9.3%	28.1%	17.8%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	6.8%	5.7%	3.7%	4.2%	20.9%	16.9%	27.6%	18.8%
Return on invested capital	6.7%	5.2%	8.4%	4.1%	18.9%	14.6%	25.4%	21.2%
Return on assets	6.2%	4.5%	2.6%	3.6%	17.8%	14.0%	25.7%	16.6%
Free cash flow yield	11.0%	1.3%	-5.0%	4.2%	0.0%	-3.7%	2.3%	5.6%
Earnings yield	6.4%	3.4%	2.0%	2.6%	5.0%	6.1%	8.6%	4.7%
Enterprise value	₹3B	₹4.7B	₹5B	₹3.9B	₹10.1B	₹5.5B	₹5.2B	₹5.1B
Net debt / EBITDA	0.05×	1.1×	1.42×	0.14×	0.21×	0.3×	-0.17×	-0.37×
Cash conversion cycle (days)	498	612	775	562	564	284	222	126