WPIL Ltd

WPIL Ltd

₹ 3,762 -0.54%
10 May - close price
About

Incorporated in 1952 by Johnston Pump Company Inc., USA, WPIL is engaged in the entire value chain of Pumps & Pumping Systems from concept to commissioning and execution of water supply projects on a turnkey basis for industrial units, power utilities, irrigation departments, etc. Clients include irrigation departments of various states like Telangana, Madhya Pradesh, central utilities, large PSUs, and various private sector entities.
In 2002, Mr. Prakash Agarwal acquired a controlling stake in the company from the B. M. Khaitan group. [1] [2]

Key Points

Business Divisions
Core business has 3 divisions:

  • Market Cap 3,674 Cr.
  • Current Price 3,762
  • High / Low 4,625 / 2,436
  • Stock P/E 25.4
  • Book Value 699
  • Dividend Yield 0.53 %
  • ROCE 30.0 %
  • ROE 22.7 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 23.1% CAGR over last 5 years
  • Debtor days have improved from 157 to 121 days.
  • Company's working capital requirements have reduced from 68.8 days to 47.9 days

Cons

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
103 118 62 114 107 247 131 247 273 351 182 185 274
85 86 55 91 93 207 110 216 226 276 153 154 222
Operating Profit 18 32 8 23 14 40 21 31 47 76 29 31 52
OPM % 18% 27% 12% 20% 13% 16% 16% 13% 17% 21% 16% 17% 19%
10 -2 7 -1 2 7 4 0 23 6 6 6 12
Interest 2 2 2 2 2 3 2 3 3 4 4 4 5
Depreciation 1 1 1 1 1 2 1 1 1 1 2 2 2
Profit before tax 25 27 12 18 13 43 21 27 66 76 30 32 58
Tax % 25% 24% 26% 26% 26% 26% 25% 26% 26% 23% 26% 26% 30%
19 20 9 14 10 32 16 20 49 59 22 23 41
EPS in Rs 19.47 20.66 9.10 13.85 9.79 32.66 16.35 20.21 49.84 60.03 22.59 23.99 41.56
Raw PDF
Upcoming result date: 25 May 2024

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
299 268 263 232 211 280 422 533 372 340 530 1,002 993
258 227 225 199 182 243 356 416 308 263 443 826 805
Operating Profit 42 41 38 33 29 37 66 117 64 77 87 177 188
OPM % 14% 15% 14% 14% 14% 13% 16% 22% 17% 23% 16% 18% 19%
2 1 6 6 6 8 19 9 30 17 14 31 30
Interest 13 12 18 12 6 13 10 7 10 10 9 12 17
Depreciation 2 2 2 3 3 3 3 3 6 5 6 6 6
Profit before tax 30 27 24 24 26 29 71 116 77 79 86 190 196
Tax % 33% 31% 29% 29% 33% 30% 33% 37% 24% 25% 26% 25%
20 19 17 17 17 20 48 73 59 60 64 143 145
EPS in Rs 24.91 23.53 21.55 17.24 17.59 20.76 48.69 75.19 60.66 61.15 65.39 146.44 148.17
Dividend Payout % 8% 8% 9% 12% 11% 10% 8% 10% 12% 16% 15% 14%
Compounded Sales Growth
10 Years: 14%
5 Years: 19%
3 Years: 39%
TTM: 11%
Compounded Profit Growth
10 Years: 22%
5 Years: 23%
3 Years: 31%
TTM: 24%
Stock Price CAGR
10 Years: 33%
5 Years: 37%
3 Years: 77%
1 Year: 28%
Return on Equity
10 Years: 16%
5 Years: 17%
3 Years: 17%
Last Year: 23%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 8 8 8 10 10 10 10 10 10 10 10 10 10
Reserves 59 76 91 205 220 244 289 357 408 460 514 647 673
81 108 99 17 79 76 62 30 72 9 43 44 97
102 107 118 75 79 109 190 246 244 200 331 460 350
Total Liabilities 251 299 316 307 388 439 550 643 733 679 899 1,161 1,129
29 28 33 33 32 48 47 46 55 51 48 88 89
CWIP -0 2 0 1 0 0 -0 0 -0 -0 -0 0 -0
Investments 8 38 38 38 66 42 42 42 42 49 49 49 49
213 232 245 235 289 348 462 555 636 579 802 1,024 991
Total Assets 251 299 316 307 388 439 550 643 733 679 899 1,161 1,129

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-5 18 27 -8 -23 19 46 108 13 90 53 64
-13 -32 -3 -0 -30 4 -19 -64 -32 -7 -33 -57
19 14 -25 8 53 -23 -26 -44 21 -84 9 -21
Net Cash Flow 1 1 -1 0 0 -0 0 -0 3 -2 28 -14

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 194 237 252 266 300 233 186 129 166 165 185 121
Inventory Days 54 55 56 28 40 46 50 62 141 121 224 290
Days Payable 129 138 203 134 171 188 164 147 207 152 800 1,047
Cash Conversion Cycle 119 154 105 160 170 91 72 43 100 134 -392 -636
Working Capital Days 131 137 165 237 357 162 102 41 94 99 60 48
ROCE % 34% 23% 21% 17% 12% 13% 24% 32% 20% 18% 19% 30%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
70.66% 70.66% 70.69% 70.69% 70.69% 70.69% 70.79% 70.79% 70.79% 70.79% 70.79% 70.79%
4.43% 4.74% 5.19% 5.99% 6.32% 6.32% 6.32% 5.82% 5.81% 5.89% 5.85% 5.82%
4.24% 4.24% 4.26% 4.46% 4.31% 4.27% 4.27% 3.65% 2.84% 2.70% 2.68% 2.62%
20.68% 20.36% 19.86% 18.86% 18.68% 18.73% 18.61% 19.73% 20.56% 20.62% 20.67% 20.77%
No. of Shareholders 8,7759,5448,7978,5408,3928,1738,2069,21410,60611,51811,80812,803

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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