United Drilling Stock Price Gained 20% Today, After New Rs 107.5 Crore Order From ONGC
By Ankur Chandra | Published at: Jun 16, 2025 04:52 PM IST
New Delhi, June 16, 2025 — United Drilling Tools Ltd (NSE: UNIDT, BSE: 522014) witnessed a sharp rally in its stock price, soaring 20% to ₹243.99 at the market’s closure after it secured a significant order worth ₹107.5 crore from Oil and Natural Gas Corporation Ltd (ONGC).
After securing the ONGC order, the total order book of the company has reached ₹280 crore. This has given a major boost to the financial performance of the company and braces the enterprise for a very strong FY26 in terms of revenue and profitability. ONGC’s contract also reestablishes the technical and quality leadership of the company in securing and fulfilling such large orders.
Order Win Boosts Confidence
The order pertains to the supply of large outer diameter casing pipes with connectors, scheduled to be delivered over the next nine months. The development pushed UDTL’s total order book size to an estimated ₹250–280 crore, underscoring growing demand for its oilfield equipment.
| Particulars | Details |
|---|---|
| Order Client | ONGC Ltd |
| Order Value (incl. GST) | ₹107.547 crore |
| Delivery Timeline | Approx. 9 months |
| Product Supplied | Large OD casing pipes with connectors |
| Updated Order Book | ₹250–280 crore |
Stock Performance Snapshot (as of 12:08 PM IST)
| Metric | Value |
|---|---|
| Last Traded Price | ₹229.50 |
| Day’s High/Low | ₹230.90 / ₹202.00 |
| Previous Close | ₹203.33 |
| Traded Volume | 1.16 lakh shares |
| Traded Value | ₹2.55 crore |
| Market Cap | ₹465.96 crore |
| 52-Week High/Low | ₹294.90 / ₹184.46 |
| VWAP | ₹219.42 |
| Free Float Market Cap | ₹112.74 crore |
| P/E Ratio (Adjusted) | 27.48 |
| Daily Volatility | 2.65% |
With strong buying interest, the total volume traded was an unprecedented 10,70,901, demonstrating stellar investor interest in the stock.
CFO Commentary
Mr. Manoj Kumar Arora, CFO, United Drilling Tools, commented:
“We are honoured to receive yet another significant order from ONGC. This endorsement validates our dedication to excellence and our ability to consistently deliver value to our clients with cutting-edge solutions.”
Strategic Outlook
The order further strengthens UDTL’s position as a key supplier to India’s energy sector. It continues to expand globally across the Middle East, Southeast Asia, and Africa, backed by:
- 32 registered trademarks (24 in India)
- 14 design patents, including 5 in the UK
- 8 granted patents in India
UDTL’s technical focus, high-margin products, and repeat contracts with ONGC highlight its stature in the oil drilling equipment manufacturing space.
About United Drilling Tools Ltd
Established in 1985 and listed since 2020, United Drilling Tools Ltd is a Noida-based manufacturer of premium oilfield equipment, including casing pipes, gas lift tools, and downhole equipment. The company adheres to ISO and API standards and serves clients in both domestic and international markets.
For investor queries, email: compsect@udtltd.com
REF: https://nsearchives.nseindia.com/corporate/UNIDT_16062025120420_letter_prfgj_merged.pdf
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