Wendt India Ltd
Wendt India is a leading manufacturer of Super Abrasives, Machining Tools, and Precision Components. It is a preferred supplier for many of the automobile, auto component, engineering, aerospace, defense ceramics customers for their Super Abrasive Tooling solutions, Grinding & Honing Machines, and Precision components. [1] [2]
The company is JV between 3M (via Wendt GmbH) and Carborundum Universal (Murugappa Group). Both the companies hold 37.5% shares in the company. [3] [4]
- Market Cap ₹ 2,323 Cr.
- Current Price ₹ 11,596
- High / Low ₹ 15,990 / 7,899
- Stock P/E 57.6
- Book Value ₹ 977
- Dividend Yield 0.69 %
- ROCE 28.8 %
- ROE 21.6 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 23.7% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 45.0%
Cons
- Stock is trading at 11.9 times its book value
- The company has delivered a poor sales growth of 7.44% over past five years.
* 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: Abrasives And Grinding Wheels
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
111 | 101 | 110 | 124 | 135 | 146 | 147 | 165 | 143 | 137 | 179 | 210 | 216 | |
80 | 79 | 89 | 100 | 112 | 120 | 120 | 134 | 124 | 114 | 136 | 154 | 161 | |
Operating Profit | 31 | 22 | 21 | 24 | 23 | 26 | 27 | 30 | 19 | 23 | 42 | 57 | 55 |
OPM % | 28% | 22% | 19% | 19% | 17% | 18% | 18% | 18% | 13% | 17% | 24% | 27% | 26% |
2 | 2 | 2 | 2 | 2 | 2 | 3 | 2 | 5 | 4 | 4 | 5 | 7 | |
Interest | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 0 | 0 |
Depreciation | 4 | 5 | 5 | 8 | 9 | 10 | 10 | 10 | 9 | 9 | 9 | 8 | 8 |
Profit before tax | 28 | 19 | 17 | 17 | 16 | 17 | 18 | 22 | 14 | 17 | 37 | 53 | 54 |
Tax % | 32% | 31% | 30% | 20% | 32% | 27% | 27% | 30% | 26% | 25% | 27% | 24% | |
19 | 13 | 12 | 14 | 11 | 12 | 13 | 15 | 10 | 13 | 27 | 40 | 40 | |
EPS in Rs | 97.30 | 64.30 | 58.30 | 67.70 | 53.90 | 60.25 | 65.60 | 77.05 | 50.15 | 63.85 | 135.35 | 200.45 | 201.80 |
Dividend Payout % | 26% | 23% | 43% | 37% | 46% | 41% | 38% | 39% | 50% | 47% | 48% | 40% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 7% |
3 Years: | 14% |
TTM: | 8% |
Compounded Profit Growth | |
---|---|
10 Years: | 11% |
5 Years: | 24% |
3 Years: | 62% |
TTM: | 16% |
Stock Price CAGR | |
---|---|
10 Years: | 26% |
5 Years: | 31% |
3 Years: | 55% |
1 Year: | 47% |
Return on Equity | |
---|---|
10 Years: | 13% |
5 Years: | 14% |
3 Years: | 16% |
Last Year: | 22% |
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 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
Reserves | 74 | 84 | 90 | 98 | 105 | 110 | 120 | 128 | 136 | 141 | 160 | 187 | 193 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | |
33 | 30 | 35 | 35 | 37 | 33 | 38 | 50 | 45 | 41 | 41 | 40 | 39 | |
Total Liabilities | 109 | 117 | 127 | 135 | 144 | 145 | 160 | 180 | 183 | 185 | 204 | 229 | 234 |
42 | 50 | 55 | 57 | 58 | 61 | 57 | 55 | 54 | 56 | 54 | 56 | 57 | |
CWIP | 5 | 3 | 3 | 2 | 6 | 2 | 2 | 5 | 4 | 1 | 1 | 2 | 1 |
Investments | 12 | 15 | 19 | 21 | 14 | 15 | 22 | 36 | 36 | 37 | 64 | 71 | 69 |
50 | 49 | 51 | 55 | 66 | 67 | 79 | 84 | 89 | 90 | 85 | 100 | 107 | |
Total Assets | 109 | 117 | 127 | 135 | 144 | 145 | 160 | 180 | 183 | 185 | 204 | 229 | 234 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
16 | 15 | 17 | 17 | 11 | 18 | 24 | 33 | 16 | 8 | 37 | 33 | |
-7 | -11 | -13 | -12 | -5 | -13 | -13 | -22 | -10 | -2 | -30 | -17 | |
-7 | -6 | -6 | -6 | -6 | -6 | -6 | -7 | -3 | -6 | -8 | -16 | |
Net Cash Flow | 3 | -1 | -2 | -2 | 0 | -0 | 4 | 3 | 3 | 1 | -1 | -0 |
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 | 67 | 73 | 72 | 68 | 85 | 77 | 91 | 68 | 66 | 97 | 70 | 70 |
Inventory Days | 149 | 150 | 156 | 154 | 152 | 145 | 153 | 165 | 207 | 181 | 165 | 175 |
Days Payable | 189 | 156 | 166 | 144 | 154 | 97 | 139 | 163 | 162 | 181 | 135 | 121 |
Cash Conversion Cycle | 27 | 68 | 61 | 77 | 83 | 124 | 105 | 70 | 111 | 97 | 100 | 124 |
Working Capital Days | 31 | 48 | 49 | 56 | 74 | 79 | 71 | 35 | 44 | 78 | 54 | 79 |
ROCE % | 42% | 24% | 19% | 18% | 16% | 16% | 16% | 18% | 10% | 11% | 23% | 29% |
Documents
Announcements
- Board Meeting Intimation for Consideration And Approval Of The Audited Financial Statement For The Year Ended 31St March 2024 And Final Dividend. 1d
- Compliance Certificate Under Regulation 40(9 & 10) Of SEBI (LODR) Regulations, 2015 12 Apr
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 12 Apr
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 5 Apr
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 28 Mar
Annual reports
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
-
Financial Year 2011
from nse
-
Financial Year 2010
from bse
-
Financial Year 2010
from nse
Customers
The co. gets ~30% of its revenue from automotive companies. [1] The co. has 750+ direct customers in the domestic market. [2] It supplies to industries including automobile, auto components, engineering, aerospace, and defense ceramics. [3]