WPIL Ltd

WPIL Ltd

₹ 419 -0.69%
10 Jun - 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 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]

  • Market Cap 4,094 Cr.
  • Current Price 419
  • High / Low 768 / 346
  • Stock P/E 32.4
  • Book Value 140
  • Dividend Yield 0.95 %
  • ROCE 15.6 %
  • ROE 9.64 %
  • Face Value 1.00

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 25.8%

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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
423 299 404 455 520 324 319 431 591 363 491 382 572
331 248 355 368 418 264 252 361 489 302 387 333 492
Operating Profit 92 52 49 88 102 59 67 70 102 60 104 48 80
OPM % 22% 17% 12% 19% 20% 18% 21% 16% 17% 17% 21% 13% 14%
7 3 4 30 18 8 7 504 4 13 10 17 6
Interest 4 5 6 6 7 7 7 9 7 8 9 11 12
Depreciation 10 9 8 7 7 7 7 8 8 8 8 8 9
Profit before tax 84 40 39 104 105 53 59 557 92 59 98 46 65
Tax % 28% 25% 33% 20% 25% 24% 28% 4% 28% 26% 28% 19% 136%
61 30 26 84 79 40 43 535 66 43 70 37 -24
EPS in Rs 5.04 2.51 2.39 7.14 7.32 3.25 3.53 35.30 6.53 3.96 6.17 3.21 0.18
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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
509 482 730 708 845 1,156 909 995 1,181 1,605 1,664 1,807
428 417 680 658 748 922 790 838 971 1,337 1,366 1,514
Operating Profit 82 65 49 50 97 234 119 157 210 268 298 293
OPM % 16% 13% 7% 7% 11% 20% 13% 16% 18% 17% 18% 16%
2 2 10 9 17 21 16 32 10 68 524 47
Interest 23 29 27 27 22 13 21 22 20 24 31 39
Depreciation 7 7 27 22 22 19 37 37 37 28 30 33
Profit before tax 54 31 5 10 69 223 77 129 163 284 762 267
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
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
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: 9%
Compounded Profit Growth
10 Years: 21%
5 Years: 18%
3 Years: 9%
TTM: -73%
Stock Price CAGR
10 Years: 23%
5 Years: 61%
3 Years: 56%
1 Year: 8%
Return on Equity
10 Years: 21%
5 Years: 23%
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
Equity Capital 8 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
195 103 268 273 173 138 377 312 317 258 220 465
189 136 306 268 521 498 572 660 855 1,134 1,162 1,096
Total Liabilities 520 487 819 799 988 1,044 1,403 1,514 1,806 2,202 2,628 2,932
153 141 207 180 182 176 449 429 421 467 439 497
CWIP 0 1 1 2 0 1 1 1 9 9 14 9
Investments 0 0 0 14 13 14 13 16 17 20 25 32
367 345 611 603 792 853 939 1,070 1,359 1,706 2,150 2,394
Total Assets 520 487 819 799 988 1,044 1,403 1,514 1,806 2,202 2,628 2,932

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 -334
-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 -332

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 112 141 161 129 66 52 106 88 86 77 103 154
ROCE % 22% 16% 7% 7% 18% 45% 14% 17% 19% 24% 20% 16%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
70.69% 70.69% 70.79% 70.79% 70.79% 70.79% 70.79% 70.79% 70.79% 70.79% 70.79% 70.79%
6.32% 6.32% 6.32% 5.82% 5.81% 5.89% 5.85% 5.82% 5.81% 5.68% 5.67% 5.57%
4.31% 4.27% 4.27% 3.65% 2.84% 2.70% 2.68% 2.62% 2.62% 2.61% 2.58% 2.56%
18.68% 18.73% 18.61% 19.73% 20.56% 20.62% 20.67% 20.77% 20.78% 20.92% 20.96% 21.08%
No. of Shareholders 8,3928,1738,2069,21410,60611,51811,80812,80314,19723,84626,23628,852

* 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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