Share price
₹187.42 latest close · −12.5% over the last 90 sessions
₹187.42 month-end · −4.8% over 12 months
₹187.42 month-end · −21.9% over 3 years
₹187.42 month-end · −52.6% since Jun '22
52-week range ₹146.00 to ₹272.00 · 1-year volatility 44.1%
Was the rally earned?
- The share price was roughly flat over 1 year (-5%).
- The share count barely moved.
Earnings helped, the multiple did not.
- Per-share earnings added 60 points, but investors now pay less per rupee of profit (P/E 47.5x to 18.7x), which took 82 points back.
- The share count rose 3%.
What do "pts" mean?
"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.
Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.
Not shown for 5 years: earnings were negative at one end, or there is not enough history.
Net profit is trailing twelve months as reported with a 60-day lag.
How rough has the ride been?
Drawdown from peak
Largest drawdowns
-74.9% (2022-01 peak to 2026-03 low, not yet recovered)
-25.5% (2021-01 peak to 2021-03 low, recovered 2021-04)
-23.2% (2021-11 peak to 2021-12 low, recovered 2022-01)
Is it expensive against its own past and its peers?
Usual range 10.8x to 51.7x since 2022-06.
33% above the Industrial Services median.
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How to read this
Shaded band: 10th to 90th percentile of the company's own P/E history; dotted line: its median; orange line: sector median (companies with a positive multiple, at least 5 in the sector).
Sector figures are built from today's listed companies, so they exclude companies that are no longer listed.
Where does it rank among Industrial Services peers?
Each cell is the company's percentile rank among its Industrial Services peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).
Where it ranks today
- ROCE27th▲ 10 pts vs a year ago
- Op. margin75th▲ 12 pts vs a year ago
- Revenue growth68th▲ 52 pts vs a year ago
- EPS growth82nd▲ 22 pts vs a year ago
- Debt/equity ↓92nd▲ 15 pts vs a year ago
- Cash cycle ↓8thflat vs a year ago
- P/E ↓35th▲ 13 pts vs a year ago
- 12M momentum72nd▲ 15 pts vs a year ago
Rank history
Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.
The Industrial Services sector page Watch it move against Industrial Services in the Observatory
What is the price implying?
At a P/E of 18.5x, the price would imply about 12.7%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.
Fewer than six years of annual earnings are available, which is too little to measure delivered growth.
“Implied growth” is what the current price would require under our stated assumptions, not what we expect.
What prices imply across Industrial Services The market-wide Expectations lists
Key figures
- Share Priceclose 9 Nov
- ₹187.42
- P/E
- 18.7x
- ROCE
- 10.0%
- Market Cap
- ₹380 cr
- Revenue (TTM)
- ₹184 cr
- P/S
- 2.1x
- P/B
- 1.4x
- ROE
- 7.3%
- Operating Margin
- 21.3%
- Debt / Equity
- 0.0x
- Promoter Holding
- 74.7%
- 12M Momentum
- -4.9%
52-week range
Price risk
Balance sheet & cash
Are profits backed by cash?
Other income reliance11%Within range
Other income as a share of pre-tax profit (trailing twelve months): 11.3%. Bands: below 15%, 15% to 35%, above 35%.
Tax rate29%Within range
Median quarterly effective tax rate over about 2.5 years: 29.5%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.
Cash conversion0.74xNear threshold
Operating cash flow divided by net profit over the last three fiscal years: 0.74x (cash from operations ₹32 cr, net profit ₹43 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.
Free cash flow3 of 5 yrsNear threshold
Fiscal years with positive free cash flow in the last 5: 3. Bands: at least 80% of years, 40% to 80%, below 40%.
Receivable days vs history-21 daysWithin range
Debtor days are below the median of the previous three fiscal years by 21 days (132 vs 153). Bands: under 15 days, 15 to 45, over 45.
Capital work in progress17% of fixed assetsWithin range
Capital work-in-progress is 17% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.
Payable days-235 days / 2 yrsWithin range
Days payable changed by -235 over two years. Bands: rise of up to 30 days; more than 30 days.
Tap a check to see how it is measured
How to read this
Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.
Who has been buying and selling?
- Over 3 years, institutional and promoter holdings were broadly unchanged.
- The number of shareholders fell from 15,794 to 12,396 (-22%) between Sep 2023 and Jun 2026.
Holdings, Jun '26
How each group changed
Number of shareholders
Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.
What happened next to similar setups
- We found 50 past situations where a non-financial company looked like UNITED DRILLING TOOLS LTD today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
- Over the following 12 months the middle half of them returned −15% to +25% vs the market, against −2% for all non-financial companies in the same months.
- The gap against the base rate (+6.7%, 80% range −4.1% to +11.2%) is within what chance and overlapping periods produce.
Where the 50 outcomes landed
Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 2 beyond the range shown, drawn at the edge
50 past situations · 50 companies · 34 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| SREEL Consumer Non-Durables |
Jul 2023 | 19x | 10% | +25% | −12% | +6% |
| NDRAUTO Producer Manufacturing |
Nov 2021 | 23x | 6% | +100% | −23% | +67% |
| CLEDUCATE Commercial Services |
Jan 2024 | 26x | 7% | +73% | −5% | +11% |
| MAZDA Producer Manufacturing |
Apr 2020 | 8x | 15% | −33% | −50% | +7% |
| EIMCOELECO Producer Manufacturing |
Feb 2020 | 7x | 10% | −16% | −31% | −15% |
Show the other 3 matches
How reliable is this?
Matched on P/E, P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: 12-month momentum, P/E and drawdown from 12-month high. One match per company and at most 7 from any one month.
Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.
What changed?
15 events since Mar '21
- SepPeer rankMoved into the top quartile of Industrial Services on operating margin (from the 2nd quartile).
- JunResultsRevenue (TTM) reached a new high of ₹181 cr.
- JunPeer rankMoved into the 3rd quartile of Industrial Services on ROCE (from the bottom quartile).
- JunDividendDividend payout cut from 24% to 6% of profit.
- MarPriceFell 75% from the Jan 2022 peak to the Mar 2026 low.
- SepPeer rankSlipped to the 2nd quartile of Industrial Services on EPS growth (from the top quartile).
- JunPeer rankMoved into the top quartile of Industrial Services on EPS growth (from the 2nd quartile).
- DecResultsRevenue (TTM) reached a new high of ₹180 cr.
Show 7 earlier events
- DecPeer rankMoved into the 2nd quartile of Industrial Services on EPS growth (from the 3rd quartile).
- SepResultsYear-on-year EPS growth turned positive.
- AugValuationP/E crossed above the 90th percentile of its own history to date (55.3x).
- JulPeer rankMoved into the 3rd quartile of Industrial Services on EPS growth (from the bottom quartile).
- JunPeer rankSlipped to the bottom quartile of Industrial Services on ROCE (from the 3rd quartile).
- AprPriceRegained the 2021-01 peak, 1 month after the low.
- MarPriceFell 26% from the Jan 2021 peak to the Mar 2021 low.
Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.
Where price and fundamentals disagree, market-wide Rewind the whole market to any month
Monthly history54 months · 2022-06 to 2026-11
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-11 | 18.7x | ₹184 cr | 7.3% | 10.0% | 0.0x |
| 2026-10 | 17.3x | ₹184 cr | 7.3% | 10.0% | 0.0x |
| 2026-09 | 22.2x | ₹184 cr | 7.3% | 10.0% | 0.0x |
| 2026-08 | 23.1x | ₹181 cr | 6.8% | 10.0% | 0.0x |
| 2026-07 | 23.9x | ₹181 cr | 6.8% | 10.0% | 0.0x |
| 2026-06 | 22.4x | ₹181 cr | 6.8% | 10.0% | 0.0x |
| 2026-05 | 26.7x | ₹169 cr | 6.8% | 8.0% | 0.1x |
| 2026-04 | 22.8x | ₹169 cr | 6.8% | 8.0% | 0.1x |
| 2026-03 | 16.5x | ₹169 cr | 6.8% | 8.0% | 0.1x |
| 2026-02 | 23.2x | ₹152 cr | 5.8% | 8.0% | 0.1x |
| 2026-01 | 24.6x | ₹152 cr | 5.8% | 8.0% | 0.1x |
| 2025-12 | 27.0x | ₹152 cr | 5.8% | 8.0% | 0.1x |
| 2025-11 | 29.3x | ₹146 cr | 5.2% | 8.0% | 0.1x |
| 2025-10 | 30.5x | ₹146 cr | 5.2% | 8.0% | 0.1x |
| 2025-09 | 29.6x | ₹146 cr | 5.2% | 8.0% | 0.1x |
| 2025-08 | 27.2x | ₹168 cr | 5.7% | 8.0% | 0.1x |
| 2025-07 | 28.3x | ₹168 cr | 5.7% | 8.0% | 0.1x |
| 2025-06 | 29.9x | ₹168 cr | 5.7% | 8.0% | 0.1x |
| 2025-05 | 28.5x | ₹180 cr | 5.6% | 6.0% | 0.1x |
| 2025-04 | 29.3x | ₹180 cr | 5.6% | 6.0% | 0.1x |
| 2025-03 | 29.5x | ₹180 cr | 5.6% | 6.0% | 0.1x |
| 2025-02 | 33.7x | ₹180 cr | 5.5% | 6.0% | 0.1x |
| 2025-01 | 38.4x | ₹180 cr | 5.5% | 6.0% | 0.1x |
| 2024-12 | 38.5x | ₹180 cr | 5.5% | 6.0% | 0.1x |
| 2024-11 | 41.9x | ₹163 cr | 4.8% | 6.0% | 0.1x |
| 2024-10 | 40.1x | ₹163 cr | 4.8% | 6.0% | 0.1x |
| 2024-09 | 42.4x | ₹163 cr | 4.8% | 6.0% | 0.1x |
| 2024-08 | 55.3x | ₹126 cr | 3.7% | 6.0% | 0.1x |
| 2024-07 | 52.4x | ₹126 cr | 3.7% | 6.0% | 0.1x |
| 2024-06 | 50.1x | ₹126 cr | 3.7% | 6.0% | 0.1x |
| 2024-05 | 44.1x | ₹120 cr | 4.0% | 6.0% | 0.0x |
| 2024-04 | 55.8x | ₹120 cr | 4.0% | 6.0% | 0.0x |
| 2024-03 | 44.1x | ₹120 cr | 4.0% | 6.0% | 0.0x |
| 2024-02 | 55.8x | ₹120 cr | 4.0% | 6.0% | 0.0x |
| 2024-01 | 57.3x | ₹120 cr | 4.0% | 6.0% | 0.0x |
| 2023-12 | 53.4x | ₹120 cr | 4.0% | 6.0% | 0.0x |
| 2023-11 | 47.5x | ₹120 cr | 4.0% | 6.0% | 0.0x |
| 2023-10 | 41.1x | ₹120 cr | 4.0% | 6.0% | 0.0x |
| 2023-09 | 48.0x | ₹120 cr | 4.0% | 6.0% | 0.0x |
| 2023-08 | 43.7x | ₹120 cr | 4.0% | 6.0% | 0.0x |
| 2023-07 | 44.7x | ₹120 cr | 4.0% | 6.0% | 0.0x |
| 2023-06 | 39.3x | ₹120 cr | 4.0% | 6.0% | 0.0x |
| 2023-05 | 8.2x | ₹175 cr | 20.9% | — | 0.1x |
| 2023-04 | 9.5x | ₹175 cr | 20.9% | — | 0.1x |
| 2023-03 | 7.8x | ₹175 cr | 20.9% | — | 0.1x |
| 2023-02 | 8.9x | ₹175 cr | 20.9% | — | 0.1x |
| 2023-01 | 9.5x | ₹175 cr | 20.9% | — | 0.1x |
| 2022-12 | 10.7x | ₹175 cr | 20.9% | — | 0.1x |
| 2022-11 | 10.9x | ₹175 cr | 20.9% | — | 0.1x |
| 2022-10 | 11.9x | ₹175 cr | 20.9% | — | 0.1x |
| 2022-09 | 12.7x | ₹175 cr | 20.9% | — | 0.1x |
| 2022-08 | 15.5x | ₹175 cr | 20.9% | — | 0.1x |
| 2022-07 | 16.8x | ₹175 cr | 20.9% | — | 0.1x |
| 2022-06 | 16.0x | ₹175 cr | 20.9% | — | 0.1x |