MarketFriction

United Van Der Horst Ltd

BSE 522091 · Heavy Electrical Equipment
₹35.36 +2.67%
BSE close2026-10-01
Market cap₹233 Cr.
P/E54.3

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales6.046.005.225.707.957.548.859.098.658.265.949.15
Expenses4.503.723.764.213.984.736.564.794.705.994.436.33
Operating Profit1.542.281.461.493.972.812.294.303.952.271.512.82
OPM %25.50%38.00%27.97%26.14%49.94%37.27%25.88%47.30%45.66%27.48%25.42%30.82%
Other Income0.120.120.120.120.120.140.250.150.180.350.200.06
Interest0.710.720.830.740.760.720.580.570.570.560.600.64
Depreciation0.500.540.590.620.680.680.650.690.710.720.590.71
Profit before tax0.451.140.160.252.651.551.313.192.851.340.521.53
Tax %26.67%21.93%37.50%36.00%29.43%13.55%24.43%36.05%29.47%38.06%32.69%26.14%
Net Profit0.330.890.090.171.861.340.982.042.000.820.361.12
EPS in Rs0.060.140.010.030.270.190.140.300.290.120.050.16
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales3.501.763.845.867.818.9911.6316.7122.8330.0431.9432.00
Expenses3.724.254.124.285.796.009.0010.8615.6819.3419.8321.45
Operating Profit-0.22-2.49-0.281.582.022.992.635.857.1510.7012.1110.55
OPM %-6.29%-141.48%-7.29%26.96%25.86%33.26%22.61%35.01%31.32%35.62%37.91%32.97%
Other Income0.88-0.850.130.140.020.410.680.510.460.620.810.79
Interest0.520.820.221.071.201.341.401.862.972.832.322.37
Depreciation0.303.783.753.750.830.870.991.422.102.632.712.73
Profit before tax-0.16-7.94-4.12-3.100.011.190.923.082.545.867.896.24
Tax %-6.25%-13.98%-84.22%-30.00%-13,300.00%68.91%-90.22%24.03%27.17%25.77%33.84%
Net Profit-0.15-6.83-0.65-2.181.340.361.752.341.844.365.224.30
EPS in Rs-0.04-1.71-0.16-0.540.310.080.310.420.300.630.760.62
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%67.17%47.41%52.80%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth25%29%24%-4%
Compounded Profit Growth22%71%31%-31%
Stock Price CAGR%48%21%-42%
Return on Equity2%8%8%10%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital3.993.993.993.993.994.374.795.595.596.186.896.89
Reserves-3.70-3.8525.0824.4522.2524.2724.8326.9629.2937.6244.5146.27
Borrowings3.694.064.488.569.509.5015.0017.2726.5330.7521.5932.71
Other Liabilities2.582.2219.0512.2111.4710.3011.8310.6812.0413.5115.3215.64
Total Liabilities6.566.4252.6049.2147.2148.4456.4560.5073.4588.0688.31101.51
Fixed Assets2.181.8849.8446.0842.5042.5543.9848.7558.0166.2967.4668.71
CWIP0.000.000.000.000.000.000.000.000.000.730.000.19
Investments0.000.000.000.000.000.512.300.500.010.000.000.00
Other Assets4.384.542.763.134.715.3810.1711.2515.4321.0420.8532.61
Total Assets6.566.4252.6049.2147.2148.4456.4560.5073.4588.0688.31101.51
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity0.85-0.200.37-3.810.561.430.271.622.472.4611.640.08
Cash from Investing Activity-0.300.000.010.00-0.17-1.37-3.99-3.97-10.12-11.11-3.31-4.53
Cash from Financing Activity-0.560.11-0.383.86-0.13-0.034.951.747.268.41-8.645.47
Net Cash Flow-0.01-0.090.000.050.260.031.22-0.61-0.39-0.24-0.311.01
Free Cash Flow0.55-0.200.37-3.810.390.57-2.04-4.15-8.15-8.668.66-4.17
CFO/OP1,417%91%-16%1,350%40%76%9%63%41%41%107%19%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days32.6177.1789.18144.48139.5297.68183.11156.29150.50190.25139.97166.39
Inventory Days807.262,679.63349.23124.14465.96384.67389.79300.38397.69300.73253.63381.71
Days Payable447.59970.37380.7766.7093.19124.5890.9155.89111.2997.6395.9499.88
Cash Conversion Cycle392.291,786.4457.63201.92512.29357.77482.00400.79436.90393.36297.66448.22
Working Capital Days-104.78-162.69-1,221.51-635.90181.25153.76253.35201.80153.3463.9591.4976.45
ROCE %-7.33%-12.22%-33.17%-11.31%-5.97%3.28%6.11%4.91%8.88%8.12%11.64%12.93%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters70.44%72.07%72.07%72.07%74.94%74.94%74.94%74.94%74.94%74.94%74.94%74.94%
DIIs0.03%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.00%0.00%
Public29.53%27.91%27.91%27.91%25.02%25.05%25.04%25.04%25.03%25.03%25.06%25.06%
No. of Shareholders5,3935,4527,4886,9006,9476,6896,5756,3716,8206,6816,6246,182

Fundamentals

Market Cap₹ 233 Cr.
Current Price₹ 33.8
Stock P/E54.3
Book Value₹ 7.71
ROCE12.9 %
ROE10.1 %
Dividend Yield1.18 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)-4%
Compounded Profit Growth (TTM)-31%
Standalone figures.
Valuation
Market capRs 244 Cr
Enterprise valueRs 275 Cr
P/E (TTM)56.70x
Price to book4.59x
Price to sales7.62x
EV / EBITDA24.24x
EV / EBIT31.92x
EV / sales8.59x
Price to cash flow3047.59x
Earnings yield1.76%
Dividend yield1.13%
P/E, 3-year average24.81x
P/B, 3-year average2.01x
P/E, 5-year average15.80x
P/B, 5-year average1.26x
Profitability
Operating margin (excl. other income)37.91%
Operating margin (incl. other income)40.45%
EBITDA margin35.44%
Pre-tax margin19.50%
Net profit margin13.44%
Net margin, latest quarter12.24%
ROE9.98%
ROCE12.85%
ROA5.50%
ROE, 3-year average7.94%
ROCE, 3-year average10.91%
ROA, 3-year average4.24%
ROE, 5-year average7.28%
ROCE, 5-year average9.31%
ROA, 5-year average3.84%
ROIC (approx.)6.77%
Tax rate33.84%
Other income / net worth1.52%
Growth
Sales growth (latest year)6.32%
Profit growth (latest year)19.72%
Sales CAGR, 3 years24.10%
Sales CAGR, 5 years28.86%
Profit CAGR, 3 years30.66%
Profit CAGR, 5 years70.72%
Sales growth QoQ54.04%
Profit growth QoQ211.11%
Sales growth YoY (latest quarter)0.66%
Profit growth YoY (latest quarter)-45.10%
Per share
EPS (TTM)Rs 0.62
EPS (latest year)Rs 0.76
EPS (latest quarter)Rs 0.16
EPS, 3-year averageRs 1.80
EPS, 5-year averageRs 2.54
Book value per shareRs 7.71
Sales per shareRs 4.64
Cash flow per shareRs 0.01
Free cash flow per shareRs -0.60
Dividend per share (latest year)Rs 0.40
Dividend per share, 3-year averageRs 0.97
Dividend per share, 5-year averageRs 0.97
Dividends
Dividend payout52.87%
Dividend payout, 3-year average55.91%
Dividend payout, 5-year average55.91%
Efficiency
Asset turnover0.31x
Fixed asset turnover0.46x
Inventory turnover1.55x
Inventory days235 days
Debtor days166 days
Debtors turnover2.19x
Creditor days100 days
Cash conversion cycle448 days
Working capital days76 days
Leverage
Total debtRs 33 Cr
Cash and bankRs 2 Cr
Net debtRs 31 Cr
Debt to equity0.62x
Net debt / EBITDA2.74x
Interest coverage3.63x
Owners' fund to total sources52.37%
Debt to assets32.22%
Cash flow
Cash from Operating Activity (latest year)Rs 0 Cr
Cash from Investing Activity (latest year)Rs -5 Cr
Cash from Financing Activity (latest year)Rs 5 Cr
Net Cash Flow (latest year)Rs 1 Cr
Free cash flow (latest year)Rs -4 Cr
FCFE (approx.: FCF + change in debt)Rs 7 Cr
Cash from ops / profit, 5 years1.18x
Sales to cash flow399.25x
Statement figures
Net sales (TTM)Rs 32 Cr
Net sales (latest year)Rs 32 Cr
Sales (latest quarter)Rs 9 Cr
Operating profit excl. other income (latest year)Rs 12 Cr
Operating profit (latest quarter)Rs 3 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 11 Cr
PBDT (TTM)Rs 9 Cr
Profit before tax (TTM)Rs 6 Cr
Tax (latest year)Rs 3 Cr
Net profit (TTM)Rs 4 Cr
Net profit (latest year)Rs 5 Cr
Net profit (latest quarter)Rs 1 Cr
Depreciation (TTM)Rs 3 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 2 Cr
Cost of goods sold (latest year)Rs 16 Cr
Total expenditure (latest year)Rs 20 Cr
Total income (latest year)Rs 33 Cr
Share capitalRs 7 Cr
ReservesRs 46 Cr
Shareholders' fundsRs 53 Cr
Total assetsRs 102 Cr
Net blockRs 69 Cr
Capital work in progressRs 0 Cr
ReceivablesRs 15 Cr
InventoryRs 11 Cr
Other liabilitiesRs 16 Cr
Shares outstanding (crore)6.89
Ownership
Promoter holding74.94% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 56.7 is at the 60th percentile of its own 6.4-year range (median 51.8, low 8.0, high 185.2).
P/B 4.59 is at the 84th percentile (median 1.64).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
Period522091Nifty 50Difference
1 week-5.7%-2.8% -2.9 pts
1 month-1.3%-6.8% +5.5 pts
3 months-3.7%-7.6% +3.9 pts
3 years+84.1%+14.2% +69.9 pts
5 years+660.4%+27.9% +632.5 pts

Red flags

F-score 5 of 8
lookInventory outrunning sales Inventory grew 52% vs sales +6% in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹9 Cr +0.7% vs Jun 2025. Net profit ₹1 Cr -45.1%.

Activity

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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of United Van Der Horst Ltd?

United Van Der Horst Ltd (522091) has a market capitalisation of Rs 233 Cr. at the 2026-10-01 close.

What is the P/E ratio of United Van Der Horst Ltd?

United Van Der Horst Ltd trades at a P/E of 54.3 on trailing twelve-month profit, at the 2026-10-01 close.

What were United Van Der Horst Ltd's latest quarterly results?

In the Jun 2026 quarter, United Van Der Horst Ltd sales was Rs 9 Cr (+0.7% vs Jun 2025) and net profit was Rs 1 Cr.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03