United Heat Transfer Limited - electrical in Nashik, Maharashtra, India. FY 2026 financials & compliance.
CIN L29191MH1995PLC084982 Incorporated 27 January 1995 ROC Mumbai HQ Nashik, Maharashtra, India
Active Listed - NSE: UHTL Public Limited Company electrical MSME · Medium
Data last updated
Market Cap
₹332 Cr
UHTL-ST · NSE
Share Price
₹165.90
-4.98% today
Revenue
₹72.88 Cr
FY 2025-26 · +9.1% YoY
EBITDA
₹10.46 Cr
Margin 14.3%
Net Profit
₹5.01 Cr
FY 2025-26 · -5.3% YoY
P/E (TTM)
69.8x
P/B 5.5x
Authorised capital
₹22 Cr
Registered with MCA
Paid-up capital
₹21.97 Cr
Issued & subscribed

About United Heat Transfer Limited

Data last updated:

United Heat Transfer Limited is a public limited company based in Nashik, Maharashtra, India. It operates in the general purpose and special purpose machinery and equipment segment of the electrical equipment sector. It was incorporated on 27 January 1995 and has been in existence for over 31 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L29191MH1995PLC084982. Its GSTIN is 27AAACU3754C1ZJ (Maharashtra). The company holds 2 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on NSE: UHTL.

The company has an authorised share capital of ₹22 Cr and a paid-up capital of ₹21.97 Cr. It was formerly known as United Heat Transfers Private Limited. It is led by directors including Yogesh Vishwanath Patil (Managing Director) and Vivek Vishwanath Patil (Whole-Time Director).

Its last annual general meeting (AGM) was held on 19 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Plot No F – 131 MIDC Area Ambad Nashik, Maharashtra, India – 422010.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹72.88 Cr, a growth of 9.1% compared to the previous year. For the same year it recorded a net profit of ₹5.01 Cr (net margin 6.9%) and EBITDA of ₹10.46 Cr (EBITDA margin 14.4%). The net worth stands at ₹63.53 Cr (up 8.6% YoY). Total assets are valued at ₹82.43 Cr (up 7.9% YoY).

The company has about 105 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: United Heat Transfer. As per MCA filings, the company has open charges of ₹94.53 Cr and satisfied charges of ₹23.08 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company; 1 case is pending. The company has 9 deals on record (6 funding rounds, 2 secondary share transfers, 1 ipo), with disclosed funding of ₹8.08 Cr; the latest was in October 2024. Its 4 peer companies in the Machinery and Equipment industry (Process Machinery), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 1 larger and 3 smaller; the largest is Advance Hydrau Tech Pvt Ltd with revenue of ₹68.52 Cr. The company has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 63 overdue payments to 18 micro and small suppliers.

United Heat Transfer Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-23-0018301). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website unitedheat.net.

Company details

CIN L29191MH1995PLC084982
Registration Number 084982
Incorporation Date 27 January 1995
ROC Mumbai
Listing Status Listed (NSE: UHTL)
Company Status Active
Date of Last AGM 19 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-23-0018301

CIN history

United Heat Transfer has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L29191MH1995PLC084982, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L29191MH1995PLC084982Current
U29191MH1995PTC084982Previous
U29191MH1995PLC084982Previous

Recognitions & Rankings of United Heat Transfer

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-MH-23-0018301

Contact details

United Heat Transfer Limited's registered office is in Nashik, Maharashtra. Its website is unitedheat.net. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Social Media
  • Registered Address
    Plot No F – 131 MIDC Area Ambad Nashik, Maharashtra, India – 422010
  • Industry
    Electrical, General Purpose And Special Purpose Machinery & Equipment, Electrical Equipment, Transport Equipment

To see the full contact details of United Heat Transfer Limited, buy the company report.

Comprehensive company report
United Heat Transfer Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Brands

United Heat Transfer operates one associated brand: United Heat Transfer. Each brand links to its own profile.

BrandDescriptionWebsite
Manufacturing of heat exchangers, pressure vessels, and related equipment in India.unitedheat.net

Business activity

The main business activity of United Heat Transfer is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC10Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment

To see the full business activity and turnover split of United Heat Transfer Limited, buy the company report.

Financials of United Heat Transfer Limited

FY 2025-26 filings available

United Heat Transfer Limited reported revenue of ₹72.88 Cr (up 9.1% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹72.88 Cr
+9.1% YoY
EBITDA
₹10.46 Cr
-8.1% YoY
Profit After Tax
₹5.01 Cr
-5.3% YoY
Net Worth
₹63.53 Cr
+8.6% YoY
Total Assets
₹82.43 Cr
+7.9% YoY
Total Debt
₹18.90 Cr
+6.0% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue72.8866.8160.1969.9547.6533.1036.82
Revenue growth+9.1%+11.0%-14.0%+46.8%+44.0%-10.1%-
EBITDA10.4611.3810.007.766.004.074.07
EBITDA margin+14.4%+17.0%+16.6%+11.1%+12.6%+12.3%+11.1%
Profit before tax6.797.117.872.812.142.002.27
Net profit5.015.293.342.111.631.501.64
Net profit margin+6.9%+7.9%+5.6%+3.0%+3.4%+4.5%+4.5%
EPS (₹)2.632.794.894.983.593.533.86
Balance sheet
Total assets82.4376.3658.4650.3549.6441.7818.56
Net worth63.5358.5220.4414.1412.0210.508.99
Total debt18.9017.8336.9232.9637.6231.289.57
Cash & bank0.040.350.260.841.161.141.19
Net working capital41.4640.1822.6114.1514.6311.199.60
Cash flow
Cash from operations8.08(6.83)3.277.642.410.003.25
Cash from investing(7.11)(2.58)(1.75)(2.76)(5.13)(21.67)(0.36)
Cash from financing(1.28)9.50(2.10)(5.20)3.6421.65(2.17)

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 07 Nov 2026
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue72.8866.8160.1969.9547.6533.1036.82
Revenue growth+9.1%+11.0%-14.0%+46.8%+44.0%-10.1%-
Other income1.001.073.900.450.310.180.16
Total expenses62.4255.4350.1962.1941.6529.0332.75
Employee cost0.007.015.625.914.755.004.40
EBITDA10.4611.3810.007.766.004.074.07
EBITDA margin+14.4%+17.0%+16.6%+11.1%+12.6%+12.3%+11.1%
Depreciation2.061.971.831.481.210.890.84
Interest2.613.374.203.922.961.361.12
Profit before tax6.797.117.872.812.142.002.27
Tax1.781.821.620.700.620.500.63
Net profit5.015.293.342.111.631.501.64
Net profit margin+6.9%+7.9%+5.6%+3.0%+3.4%+4.5%+4.5%
EPS (₹)2.632.794.894.983.593.533.86
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital19.0019.0012.754.254.254.254.25
Reserves & surplus44.5339.527.699.897.776.254.74
Shareholders' funds (net worth)63.5358.5220.4414.1412.0210.508.99
Secured loans18.5917.4135.3331.7736.4628.747.93
Unsecured loans0.310.421.591.191.162.541.64
Total debt18.9017.8336.9232.9637.6231.289.57
Total liabilities82.4376.3658.4650.3549.6441.7818.56
Assets
Gross block51.0047.9845.6835.0832.8123.8217.05
Net block35.9034.9434.6124.5523.7615.9810.10
Capital work in progress4.300.980.9811.2410.6315.200.00
Investments2.661.991.721.591.710.000.00
Inventories25.9022.9014.1014.9015.577.955.56
Sundry debtors16.7618.6113.167.317.866.906.35
Cash & bank balances0.040.350.260.841.161.141.19
Loans & advances8.217.985.524.221.791.920.33
Total current assets50.9149.8433.0427.2726.3817.9113.43
Total current liabilities9.459.6610.4313.1211.756.723.83
Net working capital41.4640.1822.6114.1514.6311.199.60
Total assets82.4376.3658.4650.3549.6441.7818.56
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.350.260.841.160.241.250.53
Net cash from operating activities8.08(6.83)3.277.642.410.003.25
Net cash from investing activities(7.11)(2.58)(1.75)(2.76)(5.13)(21.67)(0.36)
Net cash from financing activities(1.28)9.50(2.10)(5.20)3.6421.65(2.17)
Net change in cash(0.31)0.09(0.57)(0.32)0.92(0.02)0.72
Closing cash0.040.350.260.841.161.141.19
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+9.1%+11.0%-14.0%+46.8%+44.0%-10.1%-
EBITDA growth-8.1%+13.8%+28.9%+29.3%+47.4%0.0%-
PBT growth-4.5%-9.7%+180.1%+31.3%+7.0%-11.9%+9997.0%
Net income growth-5.3%+58.4%+58.3%+29.5%+8.7%-8.5%-
Revenue CAGR (3Y)+1.4%+11.9%+22.1%+23.9%---
EBITDA CAGR (3Y)+10.5%+23.8%+34.9%+24.0%---
Profitability & leverage
Net income margin+6.9%+7.9%+10.4%+3.0%+3.2%+4.5%+4.5%
Return on capital employed-+15.6%+15.5%+13.5%+11.2%+11.1%+18.3%
Return on net worth-+13.4%+19.3%+16.2%+13.6%+15.4%+18.2%
Debt / equity-0.692.022.703.062.101.06
Long-term debt / equity-0.260.901.522.001.490.74
Interest cover31.0735.8151.4162.4261.8042.7734.67
Efficiency & per share
Fixed asset turnover-1.431.492.061.681.882.52
Inventory turnover-3.614.154.594.055.687.71
Debtors turnover-4.215.889.226.465.796.75
EPS (₹)2.632.794.894.983.593.533.86
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)0.0030.8016.0333.2728.2924.7121.15

To see the full year-wise statements and ratios of United Heat Transfer Limited, buy the company report.

Board of directors of United Heat Transfer Limited

United Heat Transfer has 8 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Yogesh Vishwanath PatilManaging Director27 Jan 199531 Years 9 MonthsCurrent
Vivek Vishwanath PatilWhole-Time Director27 Jan 199531 Years 9 MonthsCurrent
Deepak Popat JondhaleDirector04 Jul 20251 Years 4 MonthsCurrent
Sahil Vikas GarudDirector05 Jul 20242 Years 4 MonthsCurrent
Vinayak Uttam ParabAdditional Director26 Aug 20260 Years 2 MonthsCurrent
Shatanik Vivek PatilDirector09 Jan 20242 Years 9 MonthsCurrent
Showing 6 of 8 current directors. View all directors

Peer comparison

United Heat Transfer Limited is compared with the 4 companies closest to it by revenue in the Machinery and Equipment industry (Process Machinery), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
United Heat Transfer Limitedthis company₹72.88 Cr (FY 2026)₹5.01 Cr6.9%9.1%105Nashik, Maharashtra, India
Advance Hydrau Tech Pvt Ltd₹68.52 Cr (FY 2025)10.0%Delhi, India
Anchor Mark Private Limited₹66.56 Cr (FY 2025)37.0%Mumbai, Maharashtra, India
Pentagon Assembly Automation Private Limited₹66.18 Cr (FY 2023)-11.0%Pune, Maharashtra, India
Polymechplast Machines Limited₹65.64 Cr (FY 2025)10.0%Vadodara, Gujarat, India

To see the full peer comparison of United Heat Transfer Limited, buy the company report.

Auditor

United Heat Transfer Limited is audited by Kayde & Associates for the financial year 2024.

Auditor firmFinancial yearFirm registration number
Kayde & AssociatesFY 2024

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 67.70%, foreign institutional investors hold 0.30%, domestic institutional investors hold 0.90% and retail and other public shareholders hold 31.10%.

Promoters: 67.70%DII (Domestic Institutional): 0.90%FII (Foreign Institutional): 0.30%Retail & Others: 31.10%
Sep 2026
QUARTER
67.70% Promoters
0.90% DII (Domestic Institutional)
0.30% FII (Foreign Institutional)
31.10% Retail & Others
Promoter holding - history
Now 67.70% · Sep 2026High 67.70% · Sep 2026Low 67.50% · Dec 2025
66%66.8%67.5%68.3%69%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 67.50%Mar 2026: 67.50%Jun 2026: 67.60%Sep 2026: 67.70%67.50%67.70%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters67.70%67.60%67.50%67.50%
Public32.30%32.40%32.50%32.50%

Charges & borrowings

Open charges
₹94.53 Cr
Satisfied charges
₹23.08 Cr
Breakdown by lending institutions
Others₹62.87 Cr
Hdfc Bank Limited₹31.66 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
24 Jun 2026101318970Others₹2.47 CrOpen
27 Mar 2026101275192Others₹3.7 CrOpen
22 Feb 2023100688435Hdfc Bank Limited₹16.12 LakhOpen
12 May 2022100633606Others₹13 CrOpen
26 Mar 2021100437825Others₹2.04 CrOpen

To see the full charge records of United Heat Transfer Limited, buy the company report.

Total charge records: 24 View all charges

Deals & funding

United Heat Transfer Limited has 9 deals on record (6 funding rounds, 2 secondary share transfers, 1 ipo), with disclosed funding of ₹8.08 Cr; the latest was in October 2024.

Total deals
9
Funding rounds
6
Secondary share transfers
2
IPO
1
Disclosed funding
₹8.08 Cr

Deals on record (5 of 9)

WhenDealAmountParties
Oct 2024IPO₹30 CrInvestors: IPO Shareholder - United Heat Transfer Limited, Bharat Venture Opportunities fund, Saint Capital Fund
Jun 2024Funding round₹5.85 CrInvestors: KVP Enterprise LLP , 3 individuals
Jan 2024Secondary share transferUndisclosedBuyer: 3 individuals
Seller: 2 individuals
Jul 2016Funding round₹40 LakhInvestors: 4 individuals
Oct 2013Funding round₹42.5 LakhInvestors: 2 individuals

To see the full deal history of United Heat Transfer Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

United Heat Transfer Limited was last rated by Crisil on 24 Dec 2019.

Rating agencyRated onRating
Crisil24 Dec 2019

To see the full credit ratings and regulatory alerts of United Heat Transfer Limited, buy the company report.

MSME payment delays

United Heat Transfer Limited has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 63 overdue payments to 18 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 18)

SupplierAmount dueDue sinceReported on
Jaydeep Tubes Private Limited
Jostick Adhesive Pvt. Ltd
an individual supplier
an individual supplier
an individual supplier

To see the full MSME payment records of United Heat Transfer Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

United Heat Transfer Limited has a workforce of 105 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.

Employee count
105
Active EPFO establishments
1
Employee growth
-14.63%

GST

United Heat Transfer has 2 GST registrations: 2 active.

Total GSTINs
2
Active
2
GSTINStateStatusRegistered on
27AAACU3754C1ZJMaharashtraActive01 Jul 2017
27AAACU3754C2ZIMaharashtraActive05 Jan 2021

To see the full GST registrations and return filing status of United Heat Transfer Limited, buy the company report.

Recent activity

United Heat Transfer Limited has 13 board changes on record since 1995: 11 appointments and 2 cessations. The latest: Sandeep Narayan Bodake was appointed as Additional Director on 26 Aug 2026.

Appointed
Sandeep Narayan Bodake was appointed as Additional Director.
Appointed
Vinayak Uttam Parab was appointed as Additional Director.
Charges
A charge with Others of Rs. 2.47 Cr registered on 24 Jun 2026 with Charge ID 101318970 was modified on 03 Jul 2026.
Charges
A charge with Others amounted to Rs. 2.47 Cr with Charge ID 101318970 was registered on 24 Jun 2026.
Filing
United Heat Transfer Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai Ii.
Charges
A charge with Others amounted to Rs. 3.70 Cr with Charge ID 101275192 was registered on 27 Mar 2026.
Charges
A charge with Others of Rs. 13.00 Cr registered on 12 May 2022 with Charge ID 100633606 was modified on 18 Feb 2026.
Charges
A charge with Others of Rs. 29.45 Cr registered on 08 Sep 2020 with Charge ID 100373904 was modified on 13 Feb 2026.
AGM
United Heat Transfer Limited last Annual general meeting of members was held on 19 Sep 2025 as per latest MCA records.
Charges
A charge registered on 04 Jan 2017 via Charge ID 100086950 with Hdfc Bank Limited was fully satisfied on 08 Aug 2025.
Appointed
Deepak Popat Jondhale was appointed as Director.
Ceased
Girish Gururaj Masur ceased to be Director.

46 earlier events are in the company report.

Frequently asked questions

United Heat Transfer is an active public limited company based in Nashik, Maharashtra, India. The company works in general purpose and special purpose machinery and equipment, within the electrical industry. It was incorporated on 27 January 1995 (31+ years old) and is registered under CIN L29191MH1995PLC084982. Listed on NSE: UHTL.

United Heat Transfer reported revenue of ₹72.88 Cr for FY 2025-26 (up 9.1% YoY) based on standalone financials.

United Heat Transfer has 8 current directors:

The latest financial statements of United Heat Transfer on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 19 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of United Heat Transfer is 27AAACU3754C1ZJ, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AAACU3754C2ZI (Maharashtra).

The CIN (Corporate Identification Number) of United Heat Transfer is L29191MH1995PLC084982. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. United Heat Transfer is a listed company as per MCA records. Its shares are listed on NSE (symbol: UHTL).

United Heat Transfer has 2 court cases on record: 2 filed by the company. 1 is pending.

United Heat Transfer was incorporated on 27 January 1995, making it 31+ years old. It is registered with the Registrar of Companies, Mumbai.

United Heat Transfer has 9 deals on record (6 funding rounds, 2 secondary share transfers, 1 ipo), with disclosed funding of ₹8.08 Cr; the latest was in October 2024.

The peers of United Heat Transfer by revenue are Advance Hydrau Tech Pvt Ltd, Anchor Mark Private Limited, Pentagon Assembly Automation Private Limited, Polymechplast Machines Limited, all in the Machinery and Equipment industry (Process Machinery), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).

Sandeep Narayan Bodake was appointed as Additional Director on 26 Aug 2026. Vinayak Uttam Parab was appointed as Additional Director on 26 Aug 2026. Deepak Popat Jondhale was appointed as Director on 04 Jul 2025. United Heat Transfer has 13 board changes on record in total.