Penny stock under Rs 80: Essential equipment company receives purchase order of Rs 77,20,000 from Ingersoll-Rand (India) Ltd
The stock is up by 46 per cent from its 52-week low of Rs 51.50 per share.
United Heat Transfer Limited has received a purchase order from Ingersoll-Rand (India) Limited for the manufacturing of Heat Exchanger parts. This domestic order, valued at approximately Rs 77,20,000 (excluding tax), is for supply to Ingersoll-Rand's plant in India. The payment terms include a 90-day credit period from the date of goods dispatch and the order is expected to be executed within seven months from the purchase order date.
Earlier, United Heat Transfer Limited had also received a purchase order from a foreign company for the manufacturing of a Heat Exchanger, intended for export to France. This international order is valued at approximately Euro 90,000 (excluding tax), with payment terms allowing for a 40-day credit period from the date of dispatch. The company is expected to execute this order within five months from the purchase order date.
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United Heat Transfer Limited (UHTL), established in January 1995, specialises in the manufacturing of critical equipment for diverse industrial sectors, including automotive, marine, power generation and oil & gas. The company's product portfolio is extensive, featuring a range of heat exchangers (Air-Cooled, Shell and Tube, Extended Surface, Engine Jacket Water, Marine, Charged Air Coolers), along with pressure vessels, process flow skids, moisture separators and automatic backflush filters. UHTL prides itself on adhering to stringent global manufacturing standards such as TEMA, ASME and API, ensuring high-quality production for applications in engines, maritime operations, mining trucks and power generators.
In the financial year FY25, the company reported a revenue of Rs 66.81 crore, reflecting an 11.29 per cent growth compared to Rs 60.03 crore in FY24. However, the net profit declined by 15.06 per cent, falling to Rs 5.30 crore in FY25 from Rs 6.24 crore in the previous year. The company has a market cap of over Rs 130 crore and the stock is trading at under Rs 80. The stock is up by 46 per cent from its 52-week low of Rs 51.50 per share.
Disclaimer: The article is for informational purposes only and not investment advice.