WPIL Ltd

WPIL Ltd

₹ 3,402 -1.98%
23 Feb - 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 3,323 Cr.
  • Current Price 3,402
  • High / Low 4,625 / 1,841
  • Stock P/E 20.4
  • Book Value 877
  • Dividend Yield 0.59 %
  • ROCE 29.2 %
  • ROE 26.2 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 40.6% CAGR over last 5 years

Cons

  • Earnings include an other income of Rs.523 Cr.

* 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

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
257 353 225 287 247 423 299 404 455 574 358 319 431
231 274 200 227 213 331 248 355 368 455 291 252 361
Operating Profit 26 79 25 60 34 92 52 49 88 119 66 67 70
OPM % 10% 22% 11% 21% 14% 22% 17% 12% 19% 21% 19% 21% 16%
29 5 6 -4 1 7 3 4 30 6 6 7 504
Interest 5 7 5 5 6 4 5 6 6 8 8 7 9
Depreciation 11 9 9 9 9 10 9 8 7 9 9 7 8
Profit before tax 40 68 17 41 20 84 40 39 104 108 55 59 557
Tax % 15% 29% 28% 27% 26% 28% 25% 33% 20% 27% 26% 28% 4%
34 49 12 30 15 61 30 26 84 79 40 43 535
EPS in Rs 29.45 38.42 11.37 24.39 13.44 50.44 25.10 23.93 71.46 73.17 32.55 35.35 353.14
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
367 508 509 482 730 708 845 1,156 909 995 1,181 1,785 1,681
322 438 428 417 680 658 748 922 790 838 971 1,460 1,359
Operating Profit 45 70 82 65 49 50 97 234 119 157 210 325 322
OPM % 12% 14% 16% 13% 7% 7% 11% 20% 13% 16% 18% 18% 19%
5 24 2 2 10 9 17 21 16 32 10 30 523
Interest 14 19 23 29 27 27 22 13 21 22 20 25 32
Depreciation 2 7 7 7 27 22 22 19 37 37 37 36 33
Profit before tax 34 68 54 31 5 10 69 223 77 129 163 295 780
Tax % 32% 20% 28% 40% 174% 118% 48% 29% 30% 24% 28% 25%
23 55 39 19 -4 -2 36 157 54 99 118 220 697
EPS in Rs 28.09 51.41 37.93 18.93 1.03 7.27 41.04 128.70 57.56 86.19 99.65 193.68 494.21
Dividend Payout % 7% 4% 5% 11% 193% 28% 10% 6% 13% 12% 10% 10%
Compounded Sales Growth
10 Years: 13%
5 Years: 16%
3 Years: 25%
TTM: 6%
Compounded Profit Growth
10 Years: 17%
5 Years: 41%
3 Years: 52%
TTM: 5%
Stock Price CAGR
10 Years: 34%
5 Years: 36%
3 Years: 77%
1 Year: 82%
Return on Equity
10 Years: 17%
5 Years: 21%
3 Years: 21%
Last Year: 26%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 65 103 128 238 236 249 284 397 444 533 625 800 847
134 191 195 103 268 273 173 138 377 312 317 258 295
138 181 189 136 306 268 521 498 572 660 855 1,114 822
Total Liabilities 346 483 520 487 819 799 988 1,044 1,403 1,514 1,806 2,181 1,974
75 137 153 141 207 180 182 176 449 429 421 467 464
CWIP 0 2 0 1 1 2 0 1 1 1 9 9 10
Investments 0 0 0 0 0 14 13 14 13 16 17 20 21
271 344 367 345 611 603 792 853 939 1,070 1,359 1,686 1,479
Total Assets 346 483 520 487 819 799 988 1,044 1,403 1,514 1,806 2,181 1,974

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-14 41 38 26 -97 63 182 141 55 230 115 187
-22 -98 -12 -4 -91 3 -50 -34 -296 -38 -49 -109
43 62 -19 -10 193 -72 -124 -53 199 -143 -35 -102
Net Cash Flow 7 5 6 12 5 -7 7 53 -42 49 30 -24

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 190 159 170 171 165 156 153 92 129 120 132 106
Inventory Days 81 95 107 70 241 209 177 138 240 218 383 348
Days Payable 142 115 146 97 144 161 176 151 208 217 501 479
Cash Conversion Cycle 128 139 131 143 261 204 154 79 160 120 14 -26
Working Capital Days 130 104 112 141 161 129 66 52 106 88 86 69
ROCE % 32% 22% 16% 7% 7% 18% 45% 14% 17% 19% 29%

Shareholding Pattern

Numbers in percentages

10 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
70.66% 70.66% 70.66% 70.69% 70.69% 70.69% 70.69% 70.79% 70.79% 70.79% 70.79% 70.79%
3.88% 4.43% 4.74% 5.19% 5.99% 6.32% 6.32% 6.32% 5.82% 5.81% 5.89% 5.85%
4.53% 4.24% 4.24% 4.26% 4.46% 4.31% 4.27% 4.27% 3.65% 2.84% 2.70% 2.68%
20.94% 20.68% 20.36% 19.86% 18.86% 18.68% 18.73% 18.61% 19.73% 20.56% 20.62% 20.67%
No. of Shareholders 8,6328,7759,5448,7978,5408,3928,1738,2069,21410,60611,51811,808

* 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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