Oil & Gas Drilling Tools & Equipment Company Bags Overseas Order Worth Rs 16.14 Million From Cactus
The stock has delivered a 1-year return of -8.5 per cent and a 3-year return of -57 per cent.
United Drilling Tools Ltd. (UDTL) has announced a significant order valued at Rs 16.14 million from Cactus for Oil Services, a prominent engineering solutions provider in Libya's oil and gas industry. This order involves the supply of Injection Pressure Operation Gas Lift Valves and Side Pocket Mandrels, essential components for artificial lift systems in oil wells, to be delivered over three months. This development underscores UDTL's commitment to delivering advanced technology and high-quality equipment to meet the evolving needs of both Indian and international clients. The company's Chief Financial Officer, Shri Manoj Kumar Arora, remarked, "Selection of our products by Cactus for Oil Services underscores the industry's strong confidence in UDTL’s high-quality equipment’s." UDTL continues to focus on innovation and customer satisfaction, aiming to expand its business in overseas markets and support the growth of its clients in the dynamic energy landscape.
DSIJ’s ‘Micro Marvel' service recommends micro-cap stocks with the potential to grow multifold in long run. If this interests you, do download the service details here.
United Drilling Tools Ltd, established in 1985, is a leading manufacturer in the oil drilling tools and equipment sector. The company specializes in producing large OD multi-start casing connectors, casing pipes, wireline winches, artificial gas lift equipment, and downhole tools. UDTL's products are utilized across various applications, including drilling, offshore operations, and gas lift operations in both straight and deviated wells. The company operates four production units in Noida and Gujarat, certified by ISO and API standards. UDTL boasts a strong domestic and international clientele, including ONGC, Schlumberger, and others, with exports to countries like the US, UK, and Libya. Holding approximately 70 per cent market share in India's upstream drilling tools and equipment market, UDTL is the largest manufacturer in this segment. The company's revenue is primarily driven by product sales, accounting for 98 per cent of its FY23 revenue.
As of April 01, 2025, United Drilling Tools Ltd.'s stock is priced at Rs 214.25. The 52-Week High is Rs 294.90 and the 52-Week Low is Rs 195.40. United Drilling Tools Ltd has a market capitalization of Rs 435 crore. The stock has delivered a 1-year return of -8.5 per cent and a 3-year return of -57 per cent. The Price-Earnings (PE) Ratio stands at 31. Major public shareholders include Cairn Oil Solutions Pvt Ltd with a 2.75 per cent stake and Shashank S Khade holding 1.18 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.