Walchandnagar Industries Ltd

₹ 242 1.22%

21 May 4:01 p.m.

walchand.com BSE: 507410 NSE: WALCHANNAG

About

Incorporated in 1908, Walchandnagar
Industries Ltd is in the Heavy engineering
and Foundry & Machine Shop business^[1]

Key Points

Business Overview:^[1]
WIL is an ISO 9001:2008 certified Heavy Engineering and Project execution company.
The company has a diversified business offerings across core sectors with Hi Tech Manufacturing, Engineering Products and Engineering Services.

Website BSE NSE

Market Cap ₹ 1,636 Cr.
Current Price ₹ 242
High / Low ₹ 278 / 131
Stock P/E
Book Value ₹ 52.9
Dividend Yield 0.00 %
ROCE 4.28 %
ROE -3.82 %
Face Value ₹ 2.00

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Pros

Company is expected to give good quarter

Cons

Stock is trading at 4.57 times its book value
Company has low interest coverage ratio.
The company has delivered a poor sales growth of -3.31% over past five years.
Promoter holding is low: 31.6%
Company has a low return on equity of -14.8% over last 3 years.
Promoters have pledged 49.2% of their holding.
Earnings include an other income of Rs.20.4 Cr.
Promoter holding has decreased over last 3 years: -3.28%

* 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 Industrials

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	112.10	67.19	87.92	55.86	91.38	79.17	67.86	59.07	53.08	49.43	51.78	80.95	93.02
	146.06	69.44	82.82	63.84	86.12	91.99	73.96	64.75	100.18	51.80	54.81	65.65	88.87
Operating Profit	-33.96	-2.25	5.10	-7.98	5.26	-12.82	-6.10	-5.68	-47.10	-2.37	-3.03	15.30	4.15
OPM %	-30.29%	-3.35%	5.80%	-14.29%	5.76%	-16.19%	-8.99%	-9.62%	-88.73%	-4.79%	-5.85%	18.90%	4.46%
	108.30	7.35	3.84	6.74	4.23	24.28	9.70	3.32	2.92	4.53	3.64	1.70	10.87
Interest	13.35	12.27	12.78	13.24	11.01	10.58	11.97	12.09	9.25	9.86	9.75	9.54	9.31
Depreciation	4.55	4.24	4.30	4.18	2.08	2.61	2.66	2.68	2.69	2.69	2.76	2.80	2.77
Profit before tax	56.44	-11.41	-8.14	-18.66	-3.60	-1.73	-11.03	-17.13	-56.12	-10.39	-11.90	4.66	2.94
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	56.44	-11.41	-8.14	-18.66	-3.60	-1.73	-11.03	-17.13	-56.12	-10.39	-11.90	4.66	2.94
EPS in Rs	12.28	-2.48	-1.77	-4.06	-0.65	-0.31	-1.99	-3.09	-8.32	-1.53	-1.75	0.69	0.43
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Profit & Loss

Figures in Rs. Crores

	Sep 2014	Mar 2016 18m	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	638	802	398	398	364	298	326	299	322	302	259	275
	623	741	350	323	282	263	305	276	356	301	330	261
Operating Profit	16	61	48	76	82	35	20	23	-34	1	-71	14
OPM %	2%	8%	12%	19%	22%	12%	6%	8%	-11%	0%	-27%	5%
	32	-5	4	9	25	10	25	33	128	21	40	20
Interest	49	91	70	77	82	88	79	71	55	50	44	38
Depreciation	17	34	36	33	27	23	23	22	19	15	11	11
Profit before tax	-19	-69	-54	-26	-2	-65	-57	-38	20	-42	-86	-15
Tax %	-33%	5%	47%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	-12	-72	-80	-26	-2	-65	-57	-38	20	-42	-86	-15
EPS in Rs	-3.25	-18.83	-20.89	-6.78	-0.56	-17.19	-15.04	-10.00	4.26	-7.55	-12.75	-2.16
Dividend Payout %	-12%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	-10%
5 Years:	-3%
3 Years:	-5%
TTM:	6%

Compounded Profit Growth
10 Years:	6%
5 Years:	12%
3 Years:	23%
TTM:	85%

Stock Price CAGR
10 Years:	6%
5 Years:	26%
3 Years:	49%
1 Year:	14%

Return on Equity
10 Years:	-17%
5 Years:	-21%
3 Years:	-15%
Last Year:	-4%

Balance Sheet

Figures in Rs. Crores

	Sep 2014	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	8	8	8	8	8	8	8	8	9	11	13	14
Reserves	663	554	357	331	328	261	204	169	251	350	359	345
	350	405	431	434	454	405	411	448	293	241	194	219
	594	432	414	381	377	372	335	309	275	274	306	304
Total Liabilities	1,615	1,398	1,209	1,155	1,166	1,046	958	934	828	876	872	881
	617	560	390	364	357	346	333	312	285	272	245	264
CWIP	4	1	1	2	5	9	4	4	2	1	8	17
Investments	25	0	5	3	3	0	0	0	0	0	0	0
	969	837	813	786	801	692	622	617	541	602	619	600
Total Assets	1,615	1,398	1,209	1,155	1,166	1,046	958	934	828	876	872	881

Cash Flows

Figures in Rs. Crores

	Sep 2014	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-38	0	63	50	146	59	71	28	76	11	16	-11
	31	15	-10	3	-49	39	-8	26	8	4	-15	-14
	41	-37	-66	-55	-78	-121	-64	-54	-85	39	-1	-10
Net Cash Flow	35	-22	-14	-2	18	-24	-0	0	-1	54	-1	-35
Free Cash Flow	-39	-10	59	43	134	44	67	26	75	9	-19	-34
CFO/OP	-99%	21%	127%	61%	174%	168%	331%	93%	-205%	742%	-14%	-92%

Ratios

Figures in Rs. Crores

	Sep 2014	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	231	180	330	339	231	243	235	269	210	185	99	114
Inventory Days	394	266	410	384	640	1,030	378	475	279	380	363	398
Days Payable	255	94	186	214	311	383	174	234	170	201	186	194
Cash Conversion Cycle	371	353	554	508	560	891	439	509	319	363	275	318
Working Capital Days	51	33	18	155	-22	47	-14	34	-3	0	-36	-17
ROCE %	0%	3%	2%	6%	10%	4%	3%	2%	-5%	0%	-8%	4%

Insights

In beta

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Order Book
INR Crore

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Order Inflow
INR Crore

Centrifugal Machines Sold/Orders Won
Numbers

Production Rate - Akash Missile Sub-assemblies
Sets per month

Aerospace Production Capacity (GSLV Mk III Flights)
Flights per year

Gear Cutting Cycle Time Reduction
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	34.87%	34.87%	34.84%	31.55%	31.55%	31.55%	31.53%	31.76%	31.76%	31.59%	31.59%	31.59%
	0.19%	0.03%	0.33%	0.28%	0.35%	0.31%	0.52%	0.64%	0.36%	0.38%	0.46%	0.47%
	0.18%	0.18%	0.18%	0.23%	0.15%	0.28%	0.15%	0.14%	0.70%	0.80%	0.80%	0.78%
	0.03%	0.03%	0.03%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
	64.73%	64.88%	64.63%	67.91%	67.92%	67.84%	67.78%	67.42%	67.14%	67.20%	67.12%	67.14%
No. of Shareholders	55,345	57,973	55,725	57,593	59,811	73,686	77,386	79,698	80,371	78,880	83,130	87,168

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	55.00%	55.00%	55.00%	55.00%	55.00%	30.02%	34.87%	31.55%	31.76%	31.59%
	0.00%	0.07%	0.00%	0.00%	0.00%	0.42%	0.22%	0.28%	0.64%	0.47%
	5.04%	4.40%	3.38%	0.69%	0.23%	0.23%	0.18%	0.23%	0.14%	0.78%
	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.02%	0.02%	0.02%
	39.93%	40.50%	41.59%	44.28%	44.74%	69.30%	64.69%	67.91%	67.42%	67.14%
No. of Shareholders	70,322	61,005	60,898	61,568	60,907	64,046	55,550	57,593	79,698	87,168

* 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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