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 ₹ 3,731 Cr.
- Current Price ₹ 382
- High / Low ₹ 524 / 342
- Stock P/E 31.3
- Book Value ₹ 151
- Dividend Yield 0.52 %
- ROCE 15.6 %
- ROE 10.0 %
- Face Value ₹ 1.00
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.0%
Cons
- Company has high debtors of 168 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 Allcap BSE Industrials
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 509 | 482 | 730 | 708 | 845 | 1,156 | 909 | 995 | 1,181 | 1,605 | 1,664 | 1,807 | 1,915 | |
| 428 | 417 | 680 | 658 | 748 | 922 | 790 | 838 | 971 | 1,337 | 1,366 | 1,514 | 1,593 | |
| Operating Profit | 82 | 65 | 49 | 50 | 97 | 234 | 119 | 157 | 210 | 268 | 298 | 293 | 322 |
| OPM % | 16% | 13% | 7% | 7% | 11% | 20% | 13% | 16% | 18% | 17% | 18% | 16% | 17% |
| 2 | 2 | 10 | 9 | 17 | 21 | 16 | 32 | 10 | 68 | 524 | 47 | 50 | |
| Interest | 23 | 29 | 27 | 27 | 22 | 13 | 21 | 22 | 20 | 24 | 31 | 39 | 47 |
| Depreciation | 7 | 7 | 27 | 22 | 22 | 19 | 37 | 37 | 37 | 28 | 30 | 33 | 39 |
| Profit before tax | 54 | 31 | 5 | 10 | 69 | 223 | 77 | 129 | 163 | 284 | 762 | 267 | 286 |
| Tax % | 28% | 40% | 174% | 118% | 48% | 29% | 30% | 24% | 28% | 23% | 10% | 53% | |
| 39 | 19 | -4 | -2 | 36 | 157 | 54 | 99 | 118 | 220 | 684 | 127 | 129 | |
| EPS in Rs | 3.79 | 1.89 | 0.10 | 0.73 | 4.10 | 12.87 | 5.75 | 8.62 | 9.96 | 19.36 | 48.62 | 13.52 | 12.23 |
| Dividend Payout % | 5% | 11% | 193% | 28% | 10% | 6% | 13% | 12% | 10% | 10% | 8% | 15% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 15% |
| 3 Years: | 15% |
| TTM: | 5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 22% |
| 5 Years: | 18% |
| 3 Years: | 11% |
| TTM: | -41% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 26% |
| 5 Years: | 45% |
| 3 Years: | 19% |
| 1 Year: | 1% |
| Return on Equity | |
|---|---|
| 10 Years: | 21% |
| 5 Years: | 24% |
| 3 Years: | 26% |
| Last Year: | 10% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 8 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| Reserves | 128 | 238 | 236 | 249 | 284 | 397 | 444 | 533 | 625 | 800 | 1,236 | 1,362 | 1,467 |
| 195 | 103 | 268 | 273 | 173 | 138 | 377 | 312 | 317 | 258 | 220 | 465 | 576 | |
| 189 | 136 | 306 | 268 | 521 | 498 | 572 | 660 | 855 | 1,134 | 1,162 | 1,093 | 1,085 | |
| Total Liabilities | 520 | 487 | 819 | 799 | 988 | 1,044 | 1,403 | 1,514 | 1,806 | 2,202 | 2,628 | 2,930 | 3,138 |
| 153 | 141 | 207 | 180 | 182 | 176 | 449 | 429 | 421 | 467 | 439 | 497 | 621 | |
| CWIP | 0 | 1 | 1 | 2 | 0 | 1 | 1 | 1 | 9 | 9 | 14 | 9 | 14 |
| Investments | 0 | 0 | 0 | 14 | 13 | 14 | 13 | 16 | 17 | 20 | 25 | 32 | 36 |
| 367 | 345 | 611 | 603 | 792 | 853 | 939 | 1,070 | 1,359 | 1,706 | 2,150 | 2,391 | 2,467 | |
| Total Assets | 520 | 487 | 819 | 799 | 988 | 1,044 | 1,403 | 1,514 | 1,806 | 2,202 | 2,628 | 2,930 | 3,138 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 38 | 26 | -97 | 63 | 182 | 141 | 55 | 230 | 115 | 187 | -90 | -150 | |
| -12 | -4 | -91 | 3 | -50 | -34 | -296 | -38 | -49 | -109 | 517 | -320 | |
| -19 | -10 | 193 | -72 | -124 | -53 | 199 | -143 | -35 | -102 | -88 | 151 | |
| Net Cash Flow | 6 | 12 | 5 | -7 | 7 | 53 | -42 | 49 | 30 | -24 | 339 | -318 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 170 | 171 | 165 | 156 | 153 | 92 | 129 | 120 | 132 | 124 | 160 | 168 |
| Inventory Days | 107 | 70 | 241 | 209 | 177 | 138 | 240 | 218 | 383 | 360 | 389 | 313 |
| Days Payable | 146 | 97 | 144 | 161 | 176 | 151 | 208 | 217 | 501 | 497 | 482 | 348 |
| Cash Conversion Cycle | 131 | 143 | 261 | 204 | 154 | 79 | 160 | 120 | 14 | -12 | 67 | 133 |
| Working Capital Days | 58 | 106 | 81 | 58 | 10 | 21 | 37 | 38 | 34 | 44 | 63 | 71 |
| ROCE % | 22% | 16% | 7% | 7% | 18% | 45% | 14% | 17% | 19% | 24% | 20% | 16% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
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| Global Manpower Employees |
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| Product Order Backlog INR Million |
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| Sales to Dealers and Distributors (as % of Total Sales) % ・Standalone data |
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| Total Order Backlog (Unsatisfied Performance Obligations) INR Million |
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Documents
Announcements
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Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
7 Mar - Postal ballot passed: reappointed Brahma Khare (1 Mar 2026–28 Feb 2029) and Samarpita Bose (12 Mar 2026–11 Mar 2031).
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Announcement under Regulation 30 (LODR)-Change in Registered Office Address
27 Feb - Registered office moved to Godrej Genesis Building, Unit 1404, Salt Lake City, Kolkata 700091, effective immediately (Feb 27, 2026).
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Announcement under Regulation 30 (LODR)-Change in Registered Office Address
27 Feb - Registered office shifted to Godrej Genesis, Salt Lake City; lease July 1, 2025–May 31, 2026; monthly fee Rs1,365,950.
- Announcement under Regulation 30 (LODR)-Investor Presentation 24 Feb
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Announcement under Regulation 30 (LODR)-Change in Registered Office Address
23 Feb - Registered office moved to Godrej Genesis, Unit 1404, 14th Floor, Salt Lake, Kolkata; contact details updated.
Annual reports
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Financial Year 2025
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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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Concalls
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Feb 2026Transcript PPT
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Feb 2026TranscriptAI SummaryPPT
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT
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May 2025Transcript PPT
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Feb 2025Transcript PPT REC
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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 2024TranscriptAI SummaryPPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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Jul 2023TranscriptAI SummaryPPT
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May 2023Transcript PPT
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Mar 2023TranscriptAI SummaryPPT
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]