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 ₹ 4,879 Cr.
- Current Price ₹ 500
- High / Low ₹ 505 / 276
- Stock P/E 10.3
- Book Value ₹ 128
- Dividend Yield 0.80 %
- ROCE 20.4 %
- ROE 46.2 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 30.4% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 32.6%
Cons
- Earnings include an other income of Rs.524 Cr.
- Company has high debtors of 160 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
Sector: Infrastructure Developers & Operators Industry: Engineering - Turnkey Services
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
508 | 509 | 482 | 730 | 708 | 845 | 1,156 | 909 | 995 | 1,181 | 1,605 | 1,664 | |
438 | 428 | 417 | 680 | 658 | 748 | 922 | 790 | 838 | 971 | 1,337 | 1,366 | |
Operating Profit | 70 | 82 | 65 | 49 | 50 | 97 | 234 | 119 | 157 | 210 | 268 | 298 |
OPM % | 14% | 16% | 13% | 7% | 7% | 11% | 20% | 13% | 16% | 18% | 17% | 18% |
24 | 2 | 2 | 10 | 9 | 17 | 21 | 16 | 32 | 10 | 68 | 524 | |
Interest | 19 | 23 | 29 | 27 | 27 | 22 | 13 | 21 | 22 | 20 | 24 | 31 |
Depreciation | 7 | 7 | 7 | 27 | 22 | 22 | 19 | 37 | 37 | 37 | 28 | 30 |
Profit before tax | 68 | 54 | 31 | 5 | 10 | 69 | 223 | 77 | 129 | 163 | 284 | 762 |
Tax % | 20% | 28% | 40% | 174% | 118% | 48% | 29% | 30% | 24% | 28% | 23% | 10% |
55 | 39 | 19 | -4 | -2 | 36 | 157 | 54 | 99 | 118 | 220 | 684 | |
EPS in Rs | 5.14 | 3.79 | 1.89 | 0.10 | 0.73 | 4.10 | 12.87 | 5.75 | 8.62 | 9.96 | 19.36 | 48.62 |
Dividend Payout % | 4% | 5% | 11% | 193% | 28% | 10% | 6% | 13% | 12% | 10% | 10% | 8% |
Compounded Sales Growth | |
---|---|
10 Years: | 13% |
5 Years: | 8% |
3 Years: | 19% |
TTM: | 4% |
Compounded Profit Growth | |
---|---|
10 Years: | 32% |
5 Years: | 30% |
3 Years: | 78% |
TTM: | 150% |
Stock Price CAGR | |
---|---|
10 Years: | 29% |
5 Years: | 46% |
3 Years: | 71% |
1 Year: | 80% |
Return on Equity | |
---|---|
10 Years: | 23% |
5 Years: | 28% |
3 Years: | 33% |
Last Year: | 46% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 8 | 8 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
Reserves | 103 | 128 | 238 | 236 | 249 | 284 | 397 | 444 | 533 | 625 | 800 | 1,236 |
191 | 195 | 103 | 268 | 273 | 173 | 138 | 377 | 312 | 317 | 258 | 220 | |
181 | 189 | 136 | 306 | 268 | 521 | 498 | 572 | 660 | 855 | 1,134 | 1,162 | |
Total Liabilities | 483 | 520 | 487 | 819 | 799 | 988 | 1,044 | 1,403 | 1,514 | 1,806 | 2,202 | 2,628 |
137 | 153 | 141 | 207 | 180 | 182 | 176 | 449 | 429 | 421 | 467 | 439 | |
CWIP | 2 | 0 | 1 | 1 | 2 | 0 | 1 | 1 | 1 | 9 | 9 | 14 |
Investments | 0 | 0 | 0 | 0 | 14 | 13 | 14 | 13 | 16 | 17 | 20 | 25 |
344 | 367 | 345 | 611 | 603 | 792 | 853 | 939 | 1,070 | 1,359 | 1,706 | 2,150 | |
Total Assets | 483 | 520 | 487 | 819 | 799 | 988 | 1,044 | 1,403 | 1,514 | 1,806 | 2,202 | 2,628 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
41 | 38 | 26 | -97 | 63 | 182 | 141 | 55 | 230 | 115 | 187 | -90 | |
-98 | -12 | -4 | -91 | 3 | -50 | -34 | -296 | -38 | -49 | -109 | 517 | |
62 | -19 | -10 | 193 | -72 | -124 | -53 | 199 | -143 | -35 | -102 | -88 | |
Net Cash Flow | 5 | 6 | 12 | 5 | -7 | 7 | 53 | -42 | 49 | 30 | -24 | 339 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 159 | 170 | 171 | 165 | 156 | 153 | 92 | 129 | 120 | 132 | 124 | 160 |
Inventory Days | 95 | 107 | 70 | 241 | 209 | 177 | 138 | 240 | 218 | 383 | 360 | 389 |
Days Payable | 115 | 146 | 97 | 144 | 161 | 176 | 151 | 208 | 217 | 501 | 497 | 482 |
Cash Conversion Cycle | 139 | 131 | 143 | 261 | 204 | 154 | 79 | 160 | 120 | 14 | -12 | 67 |
Working Capital Days | 104 | 112 | 141 | 161 | 129 | 66 | 52 | 106 | 88 | 86 | 77 | 103 |
ROCE % | 32% | 22% | 16% | 7% | 7% | 18% | 45% | 14% | 17% | 19% | 24% | 20% |
Documents
Announcements
- Effect Of Stock Split On Dividend 18 Jul
- Book Closure Fixed From 03-08-2024 To 09-08-2024 (Both Days Inclusive) 18 Jul
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Announcement under Regulation 30 (LODR)-Newspaper Publication
16 Jul - News Paper publication of AGM & Book Closure.
- Corporate Action-updates on Outcome of Sub division / Stock Split 16 Jul
- Business Responsibility and Sustainability Reporting (BRSR) 16 Jul
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 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 Divisions
Core business has 3 divisions: