WPIL Ltd

WPIL Ltd

₹ 422 -0.19%
05 Jun - 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 Segments
1) Projects (51% in Q1 FY25 vs 36% in FY22): [1] [2] The company executes water supply projects on a turnkey basis for industrial units, municipalities, power utilities, irrigation departments, etc. [3] Its solutions include pump selection, mechanical piping, system-instrument, and structural engineering. [4]

The project division experienced 108% revenue growth in FY23 due to improved execution across all project sites. However, in FY24, revenue growth slowed due to supply chain constraints with ductile iron pipes.[5] [6]

  • Market Cap 4,119 Cr.
  • Current Price 422
  • High / Low 524 / 342
  • Stock P/E 35.2
  • Book Value 101
  • Dividend Yield 0.47 %
  • ROCE 15.2 %
  • ROE 12.5 %
  • Face Value 1.00

Pros

  • Company has been maintaining a healthy dividend payout of 19.3%

Cons

  • Company has high debtors of 369 days.
  • Working capital days have increased from 155 days to 287 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
351 182 185 274 435 239 330 218 361 181 176 204 201
276 153 154 222 355 199 266 185 297 153 141 156 151
Operating Profit 76 29 31 52 80 40 63 33 64 28 35 49 50
OPM % 21% 16% 17% 19% 18% 17% 19% 15% 18% 16% 20% 24% 25%
6 6 6 12 6 8 8 6 8 9 10 7 13
Interest 4 4 4 5 4 6 7 9 9 9 10 10 8
Depreciation 1 2 2 2 2 2 2 2 2 2 2 2 3
Profit before tax 76 30 32 58 80 41 63 28 62 26 34 44 52
Tax % 23% 26% 26% 30% 30% 25% 26% 27% 26% 26% 25% 25% 23%
59 22 23 41 56 31 47 20 46 19 25 33 40
EPS in Rs 6.00 2.26 2.40 4.15 5.73 3.16 4.77 2.08 4.72 1.94 2.56 3.35 4.11
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
232 211 280 422 533 372 340 530 1,002 1,077 1,148 763
199 182 243 356 416 308 263 443 826 884 947 600
Operating Profit 33 29 37 66 117 64 77 87 176 193 201 162
OPM % 14% 14% 13% 16% 22% 17% 23% 16% 18% 18% 17% 21%
6 6 8 19 9 30 17 14 32 30 30 38
Interest 12 6 13 10 7 10 10 9 12 17 31 37
Depreciation 3 3 3 3 3 6 5 6 6 7 7 9
Profit before tax 24 26 29 71 116 77 79 86 190 199 193 155
Tax % 29% 33% 30% 33% 37% 24% 25% 26% 25% 29% 26% 25%
17 17 20 48 73 59 60 64 143 142 144 117
EPS in Rs 1.72 1.76 2.08 4.87 7.52 6.06 6.11 6.54 14.64 14.54 14.73 11.97
Dividend Payout % 12% 11% 10% 8% 10% 12% 16% 15% 14% 28% 14% 17%
Compounded Sales Growth
10 Years: 14%
5 Years: 18%
3 Years: -9%
TTM: -34%
Compounded Profit Growth
10 Years: 21%
5 Years: 14%
3 Years: -7%
TTM: -18%
Stock Price CAGR
10 Years: 28%
5 Years: 36%
3 Years: 14%
1 Year: 1%
Return on Equity
10 Years: 17%
5 Years: 17%
3 Years: 16%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 10 10 10 10 10 10 10 10 10 10 10 10
Reserves 205 220 244 289 357 408 460 514 647 750 874 973
17 79 76 62 30 72 9 43 44 137 304 357
75 79 109 190 246 244 200 331 481 606 436 282
Total Liabilities 307 388 439 550 643 733 679 899 1,182 1,504 1,624 1,622
33 32 48 47 46 55 51 48 88 100 120 128
CWIP 1 0 0 0 0 0 0 0 0 2 1 0
Investments 38 66 42 42 42 42 49 49 49 49 49 40
235 289 348 462 555 636 579 802 1,045 1,352 1,454 1,454
Total Assets 307 388 439 550 643 733 679 899 1,182 1,504 1,624 1,622

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-8 -23 19 46 108 13 90 53 64 -56 -190 -95
-0 -30 4 -19 -64 -32 -7 -33 -57 20 72 186
8 53 -23 -26 -44 21 -84 9 -21 37 104 -9
Net Cash Flow 0 0 -0 0 -0 3 -2 28 -14 1 -13 82
Free Cash Flow -11 -25 17 45 105 12 88 51 59 -77 -202 -104
CFO/OP -5% -48% 83% 95% 134% 62% 130% 94% 62% -3% -74% -44%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 266 300 233 186 129 166 165 185 131 206 214 369
Inventory Days 28 40 46 50 62 141 121 224 290 401 279 253
Days Payable 134 171 188 164 147 207 152 800 1,047 1,045 604 293
Cash Conversion Cycle 160 170 91 72 43 100 134 -392 -625 -438 -111 329
Working Capital Days 219 219 64 48 21 24 90 33 32 63 115 287
ROCE % 17% 12% 13% 24% 32% 20% 18% 19% 32% 27% 21% 15%

Insights

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Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
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Working Capital Days
Days
Average Collection Period
Days
Average Inventory Period
Days
Number of Manufacturing Facilities
Units
Product Order Backlog
INR Million
Project Order Backlog
INR Million
Sales to Dealers and Distributors (as % of Total Sales)
%
Total Order Backlog (Unsatisfied Performance Obligations)
INR Million
Standalone Order Book
INR Crore

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
70.79% 70.79% 70.79% 70.79% 70.79% 70.79% 70.79% 70.79% 70.79% 70.79% 70.79% 70.79%
5.81% 5.89% 5.85% 5.82% 5.81% 5.68% 5.67% 5.57% 5.54% 5.60% 5.61% 5.62%
2.84% 2.70% 2.68% 2.62% 2.62% 2.61% 2.58% 2.56% 2.56% 2.56% 2.57% 2.59%
20.56% 20.62% 20.67% 20.77% 20.78% 20.92% 20.96% 21.08% 21.11% 21.05% 21.01% 20.99%
No. of Shareholders 10,60611,51811,80812,80314,19723,84626,23628,85227,88926,98926,14325,524

* 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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