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This Newly listed Microcap stock deals in the manufacturing of essential equipment such as heat exchangers, process flow skids, and pressure vessels that hit a 5 percent upper circuit in intraday trade after the company received an order from Burckhardt Compression (SIX:BCHN) for Heat Exchange Cooler manufacturing.
Price Action (WA:ACT)
With a market capitalization of Rs.203.15 Crores, the shares of United Heat Transfer Limited were up by 5 percent in the day’s trade touching a day’s high of Rs. 106.90 per share. The stock touched a day’s low of Rs. 98.25 per share and later touched a day’s high which is 5 percent higher than the previous closing price of Rs. 106.90 apiece.
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What Happened
The stocks of United Heat Transfer rose after the company received an order from Burckhardt Compression (India) for the manufacturing of Heat Exchangers Cooler parts stages 1 and 2. This order will be done and supplied to a domestic plant of Burckhardt with an order consideration approx value of Rs. 0.30 crore. The period for the execution is 2 to 3 months.
About the Company
United Heat Transfer Limited was established in 1995. They specialize in manufacturing heat transfer and process equipment which includes shell and tube heat exchangers, pressure vessels, air-cooled heat exchangers, and process flow skids. They serve diverse industries such as automotive, oil, marine, gas, and power generation. Their business model focuses on delivering high-quality, customized solutions while adhering to international standards.
United Heat Transfer focuses on engineering expertise, technological innovation, and customer satisfaction to maintain a competitive edge and foster long-term partnerships with original equipment manufacturers (OEMs) globally.
Financials & Ratios
Its Revenue from operations declined by 16 percent year on year from Rs. 71.62 Crore in FY23 to Rs. 60.19 Crore in FY24, accompanied by profits of Rs. 2.88 Crore to Rs. 4.06 Crore.
In terms of Return ratios, it has reported a return on equity (ROE) of 19.29 percent and a return on capital employed (ROCE) of 15.52 percent. It has a net profit margin of 5.53 percent as of FY24.
Shareholding Pattern
As of October 2024, the shareholding pattern with the promoter’s stake holding a share of 67.09 percent in United Heat Transfer, Foreign Institutional Investors (FII) holding around 4.73 percent, and public holdings standing at 28.18 percent.
Written by Santhosh S
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