United Drilling Share Price ₹227 | P/E 24.5

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of United Drilling

Quarter-by-quarter operating performance

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales +	21.93	20.88	34.62	34.04	42.82	54.38	51.88	34.78	31.11	31.67	55.60	50.44	44.25
Expenses +	17.28	17.76	30.41	32.32	36.96	46.95	45.16	30.05	26.66	26.14	47.03	41.92	37.79
Operating Profit	4.65	3.12	4.21	1.72	5.86	7.43	6.72	4.73	4.45	5.53	8.57	8.52	6.46
OPM %	21.20%	14.94%	12.16%	5.05%	13.69%	13.66%	12.95%	13.60%	14.30%	17.46%	15.41%	16.89%	14.60%
Other Income +	0.43	0.37	0.99	3.87	0.48	0.39	0.54	0.47	1.54	0.58	1.44	0.80	1.75
Interest	0.05	0.45	0.74	1.15	0.65	0.60	0.30	0.63	1.21	1.13	1.00	0.87	0.54
Depreciation	0.84	0.96	1.01	0.98	1.19	1.06	0.87	0.99	0.99	0.86	0.87	0.90	0.89
Profit before tax	4.19	2.08	3.45	3.46	4.50	6.16	6.09	3.58	3.79	4.12	8.14	7.55	6.78
Tax %	32.22%	28.85%	36.52%	30.35%	31.78%	30.03%	32.84%	26.82%	-2.64%	29.37%	29.61%	27.95%	31.12%
Net Profit +	2.84	1.48	2.20	2.42	3.08	4.31	4.10	2.62	3.90	2.91	5.72	5.45	4.67
EPS in Rs	1.40	0.73	1.08	1.19	1.52	2.12	2.02	1.29	1.92	1.43	2.82	2.68	2.30

Financials of United Drilling

Annual income statement trend

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Sales +	112	35	80	73	156	112	143	164	119	137	172	182
Expenses +	73	20	53	57	128	59	104	91	102	117	149	153
Operating Profit	38	15	28	17	28	53	39	73	17	19	23	29
OPM %	34%	43%	34%	22%	18%	47%	27%	44%	14%	14%	14%	16%
Other Income +	0	1	1	0	1	3	4	2	2	1	3	5
Interest	2	1	1	1	1	1	1	1	1	3	3	4
Depreciation	9	9	7	3	3	3	3	3	3	4	4	4
Profit before tax	28	7	21	14	25	53	39	72	15	14	20	27
Tax %	6%	2%	2%	8%	2%	14%	16%	30%	31%	32%	24%	29%
Net Profit +	26	7	21	13	25	45	33	50	10	9	15	19
EPS in Rs	12.67	3.19	10.17	6.21	12.19	22.27	16.11	24.80	5.01	4.52	7.35	9.24
Dividend Payout %	0%	0%	6%	10%	10%	21%	13%	8%	36%	40%	24%	6%

Financials of United Drilling

Capital structure and asset base

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	10	10	10	10	20	20	20	20	20	20	20	20
Reserves	63	69	90	101	111	144	173	220	226	232	243	258
Borrowings +	17	20	0	16	0	0	18	18	5	33	32	3
Other Liabilities +	8	26	17	70	17	11	22	23	30	71	40	21
Total Liabilities	97	125	117	197	149	176	234	281	281	355	335	303
Fixed Assets +	52	43	37	37	34	33	32	31	50	50	48	58
CWIP	1	1	1	1	1	2	15	19	5	8	10	0
Investments	0	0	0	0	0	0	0	1	1	1	1	1
Other Assets +	45	82	80	159	113	142	187	230	224	296	276	243
Total Assets	97	125	117	197	149	176	234	281	281	355	335	303

Financials of United Drilling

Operating, investing and financing cash movement

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	5	5	31	-21	31	13	-8	5	25	-16	8	38
Cash from Investing Activity +	-2	-0	-1	-2	-1	-1	-15	-7	-9	-5	-2	-2
Cash from Financing Activity +	-2	3	-10	4	-20	-12	18	-3	-15	22	-7	-35
Net Cash Flow	0	7	20	-20	10	-0	-5	-4	0	0	-1	-0
Free Cash Flow	3	4	30	-24	30	12	-23	0	15	-22	5	34
CFO/OP	13%	31%	111%	-128%	111%	39%	-5%	36%	173%	-64%	49%	146%

Financials of United Drilling

Working capital efficiency and return ratios

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	41	227	35	352	64	40	154	91	104	163	185	144
Inventory Days	98	920	232	543	81	203	197	606	656	794	470	421
Days Payable	7	568	10	500	19	15	35	35	69	246	83	33
Cash Conversion Cycle	132	579	257	396	127	229	316	662	691	711	572	532
Working Capital Days	101	338	145	278	99	109	196	322	493	447	383	390
ROCE %	37%	8%	22%	13%	20%	36%	21%	31%	6%	6%	8%	10%

United Drilling Q2 FY23 Share Price & Earnings Call Analysis