United Heat Transfer

Quick check

The five things to look at first. Open one for more.

• DebtLow debtIt owes ₹18.9 Cr against ₹63.53 Cr of shareholders' money (Mar 2026), 0.3 times.
• ResultsGrowingIn the Mar 2026 quarter, sales rose 29% and profit rose 12% from a year earlier.
• DilutionSome dilutionIssued 29.7 lakh new shares in the last year (+14%), raising ₹31.31 Cr.
• PromotersPromoters buyingThe promoters (founders or parent) own 68%, up from 67% in Oct 2024.
• ValuationExpensive vs its pastThe share trades at 85.2 times its yearly earnings (P/E), pricier than 98% of the time in the last 2 years. Its usual P/E is about 30.

United Heat Transfer against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)85.2 against a typical 22.5: pricier than most peers (1st = cheapest).50th of 56
• Sales growth+28.8% against a typical +17.6% from a year earlier.15th of 42
• Profit growth+11.8% against a typical −2.6% from a year earlier.16th of 41
• Share price, 3 months+93.3% against a typical −4.6%.1st of 49
• Size₹ 493.6 Cr. market value against a typical ₹ 127.7 Cr. (1st = largest).17th of 54

Exchange filings and their impact on the company.

• 28 Oct 2026Bagging/Receiving of orders/contractsLow impactPositive
  Won a small Rs 0.39 cr domestic pressure-vessel order, ~0.5% of annual revenue.

  United Heat Transfer received an order from a domestic air-compressor maker for manufacture and supply of pressure vessels from its domestic plant. The order is worth about Rs 39 lakh excluding tax. It is very small at about 0.5% of last year's Rs 72.7 crore sales, so it adds only modest near-term revenue.

  Full analysisFiling
• 21 Oct 2026Bagging/Receiving of orders/contractsLow impactPositivePrice −5% on 26 Oct
  Tiny Rs 0.36 cr export order adds ~0.5% to sales, immaterial for FY27.

  United Heat Transfer received an export order from an overseas marine-industry customer for manufacture and supply of tube stacks on FOB basis worth about Rs 36.39 lakh excluding tax. The order will be made and dispatched from its domestic plant. At ~0.5% of annual sales, it is a small incremental win with no material impact on the next 12-month outlook.

  Full analysisFiling
• 12 Oct 2026Outcome of Board MeetingHigh impactNegativePrice +2% on 13 Oct
  Board allotted 29.68 lakh shares at Rs 105.5 to raise Rs 31.3 cr, sharply diluting existing holders.

  United Heat Transfer allotted 29.68 lakh equity shares at Rs 105.5 each (Rs 10 face plus Rs 95.5 premium) to non-promoter investors, raising about Rs 31.3 crore. The issue price is at a steep discount to the around Rs 212 market price and more than doubles the share count from 19 lakh shares. The cash strengthens net worth and can cut debt and fund growth, but will sharply dilute earnings per share over the next year.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Yogesh Vishwanath Patil

Chairman, Managing Director, Executive Director

Vinayak Uttam Parab

Chief Financial Officer

Diksha Sadanand Shetty

Compliance Officer, Company Secretary

Vivek Vishwanath Patil

Whole Time Director