One of the penny stocks engaged in the manufacturing of heat transfer and process equipment, including shell and tube heat exchangers, air-cooled heat exchangers, pressure vessels, and process flow skids. The stock has jumped 4.61 percent after securing an order from FS Compressors India Private Limited
Stock Price Movement
With a market capitalization of Rs. 142.53 crores, the share of United Heat Transfer Limited has reached an intraday high of Rs. 76 per equity share, rising nearly around 4.61 percent from its previous day’s close price of Rs. 72.65. Since then, the stock has retreated and is currently trading at Rs. 75 per equity share.
What Happened
United Heat Transfer Limited (UHTL) has received a purchase order worth approximately Rs. 61.25 lakhs from FS Compressors India Private Limited for the manufacturing of parts for a Shell & Tube Heat Exchanger.
The order is to be supplied to United Heat Transfer Limited’s domestic plant in Pune and is subject to specific payment terms, including a 20 percent advance bank guarantee, 30 percent against material readiness, and 50 percent on a 30-day credit period. Further, the order must be completed within 18 weeks after approval of relevant documents.
Also read….
Previous Orders
On January 6, 2025, United Heat Transfer Limited received two purchase orders. The first is from Burckhardt Compression (India) for Rs. 1 crore (excluding taxes) to manufacture, test, and supply parts within three months.
Additionally, the second is from Ingersoll-Rand (India) Limited for Rs. 20.37 lakh (excluding tax) to manufacture and supply heat exchanger parts by April 15, 2025.
Product and service offerings
The company offers a range of products, including shell & tube heat exchangers, air-cooled heat exchangers, marine heat exchangers, pressure vessels, and process flow skids. The company is recognized for its expertise in design and manufacturing, adhering to industry standards like ASME Section VIII and API 660 for quality and precision.
Financial Highlights
United Heat Transfer Limited’s revenue has decreased from Rs. 69.60 crore in FY23 to Rs. 60.03 crore in FY24, which is down by 13.75 percent. The net profit has grown by 194.34 percent, from Rs. 2.12 crore in FY23 to Rs. 6.24 crore in FY24.
Written By – Nikhil Naik
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
