Walchandnagar Industries Ltd

₹ 239 -1.85%

13 Dec - close price

walchand.com BSE: 507410 NSE: WALCHANNAG

About

Walchandnagar Industries Ltd is a Heavy Engineering and Project execution company and has diversified business offerings across core sectors with focus on EPC / Turnkey Projects, Hi Tech Manufacturing, Engineering Products and Engineering Services.
^[1]

Key Points

Business
The Company undertakes projects and supplies machinery and equipment in the field of Nuclear Power, Aerospace, Missile, Defence, Oil & Gas, Steam generation plants, Independent power projects, Turnkey Cement and Sugar plants. ^[1]

Website BSE NSE

Market Cap ₹ 1,325 Cr.
Current Price ₹ 239
High / Low ₹ 439 / 168
Stock P/E
Book Value ₹ 63.2
Dividend Yield 0.00 %
ROCE 0.30 %
ROE -15.4 %
Face Value ₹ 2.00

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Pros

Cons

Stock is trading at 3.78 times its book value
Company has low interest coverage ratio.
The company has delivered a poor sales growth of -3.65% over past five years.
Promoter holding is low: 31.5%
Company has a low return on equity of -27.0% over last 3 years.
Contingent liabilities of Rs.439 Cr.
Promoters have pledged 60.3% of their holding.
Earnings include an other income of Rs.45.0 Cr.
Company has high debtors of 185 days.
Company's cost of borrowing seems high
Promoter holding has decreased over last 3 years: -8.47%

* 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: Capital Goods-Non Electrical Equipment Industry: Engineering

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	71	82	96	65	72	73	112	67	88	56	91	79	68
	64	75	85	69	70	71	146	69	83	64	86	92	74
Operating Profit	7	6	11	-5	2	2	-34	-2	5	-8	5	-13	-6
OPM %	10%	8%	12%	-7%	2%	3%	-30%	-3%	6%	-14%	6%	-16%	-9%
	17	7	6	5	3	11	108	7	4	7	4	24	10
Interest	18	18	18	12	15	14	13	12	13	13	11	11	12
Depreciation	6	6	5	5	5	5	5	4	4	4	2	3	3
Profit before tax	1	-10	-7	-16	-15	-6	56	-11	-8	-19	-4	-2	-11
Tax %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	1	-10	-7	-16	-15	-6	56	-11	-8	-19	-4	-2	-11
EPS in Rs	0.22	-2.70	-1.76	-4.26	-3.98	-1.20	12.28	-2.48	-1.77	-4.06	-0.65	-0.31	-1.99
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Sep 2012	Sep 2013	Sep 2014	Mar 2016 18m	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	881	727	638	802	398	398	364	298	326	299	322	302	294
	823	749	623	741	350	323	282	263	305	276	356	301	316
Operating Profit	58	-23	16	61	48	76	82	35	20	23	-34	1	-22
OPM %	7%	-3%	2%	8%	12%	19%	22%	12%	6%	8%	-11%	0%	-7%
	8	47	32	-5	4	9	25	10	25	33	128	21	45
Interest	32	42	49	91	70	77	82	88	79	71	55	50	47
Depreciation	18	18	17	34	36	33	27	23	23	22	19	15	12
Profit before tax	17	-36	-19	-69	-54	-26	-2	-65	-57	-38	20	-42	-35
Tax %	28%	7%	-33%	5%	47%	0%	0%	0%	0%	0%	0%	0%
	12	-38	-12	-72	-80	-26	-2	-65	-57	-38	20	-42	-35
EPS in Rs	3.19	-10.06	-3.25	-18.83	-20.89	-6.78	-0.56	-17.19	-15.04	-10.00	4.26	-7.55	-7.01
Dividend Payout %	31%	-4%	-12%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	-8%
5 Years:	-4%
3 Years:	-2%
TTM:	-14%

Compounded Profit Growth
10 Years:	3%
5 Years:	%
3 Years:	6%
TTM:	47%

Stock Price CAGR
10 Years:	5%
5 Years:	32%
3 Years:	70%
1 Year:	23%

Return on Equity
10 Years:	-14%
5 Years:	-24%
3 Years:	-27%
Last Year:	-15%

Balance Sheet

Figures in Rs. Crores

	Sep 2012	Sep 2013	Sep 2014	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	8	8	8	8	8	8	8	8	8	8	9	11	11
Reserves	393	699	663	554	357	331	328	261	204	169	251	350	339
	207	261	350	405	431	434	454	405	411	448	293	241	269
	646	619	594	432	414	381	377	372	335	309	275	274	261
Total Liabilities	1,254	1,586	1,615	1,398	1,209	1,155	1,166	1,046	958	934	828	876	880
	301	638	617	560	390	364	357	346	333	312	285	272	269
CWIP	23	20	4	1	1	2	5	9	4	4	2	1	4
Investments	20	31	25	0	5	3	3	0	0	0	0	0	0
	909	896	969	837	813	786	801	692	622	617	541	602	607
Total Assets	1,254	1,586	1,615	1,398	1,209	1,155	1,166	1,046	958	934	828	876	880

Cash Flows

Figures in Rs. Crores

	Sep 2012	Sep 2013	Sep 2014	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	-16	-38	-38	0	63	50	146	59	71	28	76	11
	-10	27	31	15	-10	3	-49	39	-8	26	8	4
	15	5	41	-37	-66	-55	-78	-121	-64	-54	-85	39
Net Cash Flow	-11	-6	35	-22	-14	-2	18	-24	-0	0	-1	54

Ratios

Figures in Rs. Crores

	Sep 2012	Sep 2013	Sep 2014	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	182	210	231	180	330	339	231	243	235	269	210	185
Inventory Days	229	241	394	266	410	384	640	1,030	378	475	279	380
Days Payable	187	249	255	94	186	214	311	383	174	234	170	201
Cash Conversion Cycle	224	201	371	353	554	508	560	891	439	509	319	363
Working Capital Days	148	142	208	169	350	325	195	319	328	373	273	291
ROCE %	9%	-4%	0%	3%	2%	6%	10%	4%	3%	2%	-5%	0%

Shareholding Pattern

Numbers in percentages

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	30.02%	30.02%	30.02%	30.02%	34.94%	34.87%	34.87%	34.87%	34.84%	31.55%	31.55%	31.55%
	0.10%	0.42%	0.35%	0.14%	0.22%	0.22%	0.19%	0.03%	0.33%	0.28%	0.35%	0.31%
	0.23%	0.23%	0.22%	0.22%	0.18%	0.18%	0.18%	0.18%	0.18%	0.23%	0.15%	0.28%
	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.02%	0.02%	0.02%
	69.62%	69.30%	69.38%	69.59%	64.62%	64.69%	64.73%	64.88%	64.63%	67.91%	67.92%	67.84%
No. of Shareholders	67,042	64,046	60,935	59,664	56,410	55,550	55,345	57,973	55,725	57,593	59,811	73,686

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	55.00%	55.00%	55.00%	55.00%	55.00%	30.02%	34.87%	31.55%	31.55%
	0.00%	0.07%	0.00%	0.00%	0.00%	0.42%	0.22%	0.28%	0.31%
	5.04%	4.40%	3.38%	0.69%	0.23%	0.23%	0.18%	0.23%	0.28%
	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.02%	0.02%
	39.93%	40.50%	41.59%	44.28%	44.74%	69.30%	64.69%	67.91%	67.84%
No. of Shareholders	70,322	61,005	60,898	61,568	60,907	64,046	55,550	57,593	73,686

* 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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Walchandnagar Industries Ltd

Walchandnagar Industries Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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