WPIL Ltd
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]
- Market Cap ₹ 4,049 Cr.
- Current Price ₹ 415
- High / Low ₹ 768 / 346
- Stock P/E 28.2
- Book Value ₹ 90.5
- Dividend Yield 0.96 %
- ROCE 21.5 %
- ROE 17.5 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 19.3% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 18.2%
Cons
- Company has high debtors of 214 days.
- Working capital days have increased from 121 days to 208 days
* 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.
Peer comparison
Industrials Capital Goods Industrial Manufacturing Industrial Products
Part of BSE SmallCap BSE Allcap BSE Industrials
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
263 | 232 | 211 | 280 | 422 | 533 | 372 | 340 | 530 | 1,002 | 1,077 | 1,148 | |
225 | 199 | 182 | 243 | 356 | 416 | 308 | 263 | 443 | 826 | 884 | 947 | |
Operating Profit | 38 | 33 | 29 | 37 | 66 | 117 | 64 | 77 | 87 | 176 | 193 | 201 |
OPM % | 14% | 14% | 14% | 13% | 16% | 22% | 17% | 23% | 16% | 18% | 18% | 17% |
6 | 6 | 6 | 8 | 19 | 9 | 30 | 17 | 14 | 32 | 30 | 30 | |
Interest | 18 | 12 | 6 | 13 | 10 | 7 | 10 | 10 | 9 | 12 | 17 | 31 |
Depreciation | 2 | 3 | 3 | 3 | 3 | 3 | 6 | 5 | 6 | 6 | 7 | 7 |
Profit before tax | 24 | 24 | 26 | 29 | 71 | 116 | 77 | 79 | 86 | 190 | 199 | 193 |
Tax % | 29% | 29% | 33% | 30% | 33% | 37% | 24% | 25% | 26% | 25% | 29% | 26% |
17 | 17 | 17 | 20 | 48 | 73 | 59 | 60 | 64 | 143 | 142 | 144 | |
EPS in Rs | 2.15 | 1.72 | 1.76 | 2.08 | 4.87 | 7.52 | 6.06 | 6.11 | 6.54 | 14.64 | 14.54 | 14.73 |
Dividend Payout % | 9% | 12% | 11% | 10% | 8% | 10% | 12% | 16% | 15% | 14% | 28% | 14% |
Compounded Sales Growth | |
---|---|
10 Years: | 17% |
5 Years: | 25% |
3 Years: | 29% |
TTM: | 7% |
Compounded Profit Growth | |
---|---|
10 Years: | 24% |
5 Years: | 19% |
3 Years: | 30% |
TTM: | 2% |
Stock Price CAGR | |
---|---|
10 Years: | 23% |
5 Years: | 57% |
3 Years: | 54% |
1 Year: | -6% |
Return on Equity | |
---|---|
10 Years: | 17% |
5 Years: | 18% |
3 Years: | 20% |
Last Year: | 18% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 8 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
Reserves | 91 | 205 | 220 | 244 | 289 | 357 | 408 | 460 | 514 | 647 | 750 | 874 |
99 | 17 | 79 | 76 | 62 | 30 | 72 | 9 | 43 | 44 | 137 | 304 | |
118 | 75 | 79 | 109 | 190 | 246 | 244 | 200 | 331 | 481 | 606 | 436 | |
Total Liabilities | 316 | 307 | 388 | 439 | 550 | 643 | 733 | 679 | 899 | 1,182 | 1,504 | 1,624 |
33 | 33 | 32 | 48 | 47 | 46 | 55 | 51 | 48 | 88 | 100 | 120 | |
CWIP | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 1 |
Investments | 38 | 38 | 66 | 42 | 42 | 42 | 42 | 49 | 49 | 49 | 49 | 49 |
245 | 235 | 289 | 348 | 462 | 555 | 636 | 579 | 802 | 1,045 | 1,352 | 1,454 | |
Total Assets | 316 | 307 | 388 | 439 | 550 | 643 | 733 | 679 | 899 | 1,182 | 1,504 | 1,624 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
27 | -8 | -23 | 19 | 46 | 108 | 13 | 90 | 53 | 64 | -56 | -190 | |
-3 | -0 | -30 | 4 | -19 | -64 | -32 | -7 | -33 | -57 | 20 | 72 | |
-25 | 8 | 53 | -23 | -26 | -44 | 21 | -84 | 9 | -21 | 37 | 104 | |
Net Cash Flow | -1 | 0 | 0 | -0 | 0 | -0 | 3 | -2 | 28 | -14 | 1 | -13 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 252 | 266 | 300 | 233 | 186 | 129 | 166 | 165 | 185 | 131 | 206 | 214 |
Inventory Days | 56 | 28 | 40 | 46 | 50 | 62 | 141 | 121 | 224 | 290 | 401 | 279 |
Days Payable | 203 | 134 | 171 | 188 | 164 | 147 | 207 | 152 | 800 | 1,047 | 1,045 | 604 |
Cash Conversion Cycle | 105 | 160 | 170 | 91 | 72 | 43 | 100 | 134 | -392 | -625 | -438 | -111 |
Working Capital Days | 165 | 237 | 357 | 162 | 102 | 41 | 94 | 99 | 60 | 48 | 107 | 208 |
ROCE % | 21% | 17% | 12% | 13% | 24% | 32% | 20% | 18% | 19% | 32% | 27% | 21% |
Documents
Announcements
- Closure of Trading Window 27 Jun
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
10 Jun - Analyst/Investor Meet scheduled on June 13, 2025
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Announcement under Regulation 30 (LODR)-Updates on Acquisition
9 Jun - WPIL SA completed acquisition of 55% stake in Paterson Candy International, South Africa on June 9, 2025.
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 26 May
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Announcement under Regulation 30 (LODR)-Newspaper Publication
24 May - Newspaper publications of Audited Financial Results-31-03-2025.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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May 2025Transcript PPT
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT
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May 2024Transcript PPT
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Feb 2024Transcript PPT
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Jan 2024TranscriptNotesPPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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Jul 2023TranscriptNotesPPT
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May 2023Transcript PPT
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Mar 2023TranscriptNotesPPT
Business Segments
1) Projects (51% in Q1 FY25 vs 36% in FY22): [1] [2] The company executes water supply projects on a turnkey basis for industrial units, municipalities, power utilities, irrigation departments, etc. [3] Its solutions include pump selection, mechanical piping, system-instrument, and structural engineering. [4]
The project division experienced 108% revenue growth in FY23 due to improved execution across all project sites. However, in FY24, revenue growth slowed due to supply chain constraints with ductile iron pipes.[5] [6]