Wonderla Holidays Limited (WONDERLA)

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Wonderla Holidays Limited (WONDERLA) · mywealthgrid

About

Wonderla Holidays operates amusement parks in the leisure services segment of consumer discretionary. With ₹2,973 Cr market cap, it generates peak quarterly revenue of ₹240+ Cr during school holidays but experiences severe off-season swings tied to educational and tourism calendars.

Face value: ₹10

Market cap

₹3,144 Cr

P/E

30.8×

P/B

1.7×

Dividend yield

0.8%

ROE

4.6%

ROCE

6.2%

Debt / equity

OPM

31.7%

EPS (TTM)

₹16.1

Book value

₹283.3

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Extreme seasonality: Jun 2026 revenue ₹242.63 Cr vs Sep 2025 ₹80.15 Cr (3x swing); highly lumpy cash generation and financial planning challenges
Off-season unprofitability: Sep 2025 net loss ₹1.75 Cr despite ₹80.15 Cr revenue, Sep 2024 at -1.63% OPM; verify cost structure and operating leverage in weak quarters
Poor capital efficiency: ROE 4.64% despite zero debt and 31.72% trailing OPM indicates capital-intensive asset base with low turnover
Valuation after recovery: PE 29.17 on volatile earnings; stock was down 23.87% YoY before recent strength, suggesting high growth expectations priced in

Generated analysis · source review pending

Growth drivers

Jun 2026 revenue ₹242.63 Cr at 46.38% OPM, up 44% YoY from ₹168.24 Cr, exceeding all prior quarters in available history
YoY growth in peak seasons: Mar 2026 ₹135.85 Cr (up 39% from ₹96.78 Cr) and Jun 2026 (up 44%), demonstrating consistent strong-period momentum
Profit acceleration: Jun 2026 net profit ₹72.8 Cr up 38% YoY, Mar 2026 ₹16.42 Cr up 49% YoY; strong recovery in profitable periods after Sep 2025 loss

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹495.1-1.3%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 31.7%
+Revenue CAGR of 68.3% over the last 5 years
+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 180×
+High promoter holding of 62.2% with no pledge

Cons

−Low return on equity of 9.3% (3-yr avg)
−Profit declined 18.1% a year over the last 3 years

Research score

Structured signal from quality, growth, valuation and momentum.

58/100

Business quality: 59
Growth: 57

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Wonderla Holidays LimitedWONDERLAWONDERLA	₹3,144 Cr	₹3,145 Cr	₹593 Cr	₹200 Cr	31.7%	₹102 Cr	15.8%	6.2%	4.6%	-200
Imagicaaworld Entertainment LimitedIMAGICAAIMAGICAA	₹2,869 Cr	₹3,212 Cr	₹403 Cr	₹133 Cr	31%	₹14 Cr	0.2%	1.8%	0.1%	-53
Delta Corp LimitedDELTACORPDELTACORP	₹1,968 Cr	₹1,968 Cr	₹673 Cr	₹122 Cr	19%	₹-157 Cr	12.4%	4.9%	3.5%	-24
Complete Sports and Management India LtdCSMLCSML	₹418 Cr	₹427 Cr	₹82 Cr	₹13 Cr	15.6%	₹10 Cr	12.4%	19%	30.2%	—
Nicco Parks & Resorts LtdNICCOPARNICCOPAR	₹372 Cr	₹372 Cr	₹66 Cr	₹10 Cr	15.7%	₹-3 Cr	-4.1%	10.9%	-2.6%	-292
Silverstorm Parks And Resorts LtdSSPRLSSPRL	₹293 Cr	—	—	—	—	—	—	—	—	—
South Asian Enterprises LtdSAENTERSAENTER	₹21 Cr	₹21 Cr	₹2 Cr	₹-1 Cr	-35.4%	₹0 Cr	12.2%	-12.3%	5.8%	24
Hanman Fit LtdHANMANHANMAN	₹4 Cr	—	₹0 Cr	₹-0 Cr	-9.5%	₹-0 Cr	-47.6%	—	—	—

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	205	59	59	282	271	38	128	429	483	459	519
COGS	—	6	6	30	29	5	14	44	48	51	57
Gross profit	—	53	53	252	242	34	114	385	435	408	461
	135	44	44	138	138	62	94	174	208	261	297
	70	9	9	114	104	-29	20	211	227	147	165
OPM %	34.2%	14.4%	14.4%	40.5%	38.4%	-74.4%	15.9%	49.3%	47%	32.1%	31.7%
Depreciation	—	6	6	40	42	44	38	35	38	57	83
Interest	1	0	0	0	1	0	0	0	1	1	1
	18	3	3	10	31	6	6	23	23	24	28
Profit before tax	87	4	4	84	93	-66	-13	199	211	114	108
Tax	27	1	1	29	28	-16	-3	50	53	4	27
Tax %	31.3%	20.7%	20.7%	34.1%	30%	-24.8%	-25.7%	25.2%	25.3%	3.8%	24.6%
	60	3	3	55	65	-50	-9	149	158	109	82
PAT margin %	29.1%	5.7%	5.7%	19.7%	23.9%	-130%	-7.4%	34.7%	32.7%	23.8%	15.8%
EPS (₹)	10.6	0.6	0.6	9.8	11.5	-8.8	-1.7	26.3	27.9	18.6	12.9
EPS adjusted (₹)	10.6	0.6	0.6	9.8	11.5	-8.8	-1.7	26.3	27.9	17.2	12.9
	18.9%	163.9%	245.9%	18.3%	15.7%	—	—	9.5%	9%	10.7%	15.5%
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	57	57	57	57	57	57	57	57	57	63	63
Reserves	347	653	716	762	802	753	744	893	1,038	1,660	1,733
Minority interest	—	—	—	—	—	—	—	—	—	—	0
	5	5	0	1	—	0	0	0	0	0	2
	47	121	156	155	122	102	105	126	143	138	149
Total equity & liabilities	455	836	929	974	981	911	906	1,076	1,238	1,862	1,947
	153	538	834	801	779	746	722	726	759	957	1,322
CWIP	159	159	15	33	36	38	35	42	171	225	103
Investments	84	84	12	50	70	53	65	120	90	136	402
	59	54	67	89	96	73	84	188	219	543	119
Total assets	455	836	929	974	981	911	906	1,076	1,238	1,862	1,947

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Amusement parks and Resort	387.27	72.96	1,472.47	66.64	1,405.83	5.19
Others	131.5	58.72

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	89.4%	89.4%	87.7%	89.3%	89.7%	90%	89%	88.9%
EBITDA margin %	40.5%	38.4%	-74.4%	15.9%	49.3%	47%	32.1%	31.7%
EBIT margin %	26.5%	23%	-188%	-14.3%	41.1%	39.1%	19.6%	15.6%
PAT margin %	19.7%	23.9%	-130%	-7.4%	34.7%	32.7%	23.8%	15.8%
Working capital
Receivable days	2	1	5	4	1	2	4	2
Inventory days	76	89	554	202	78	102	101	118
Payable days	157	4	1,138	507	213	256	306	320
NWC days	-79	85	-580	-301	-134	-152	-201	-200
Leverage
Current ratio	1.54	4.38	3.9	3.44	7.47	4.46	8.4	6.31
Debt to EBITDA	0.01	—	—	0	0	0	0	0.01
Debt to equity	0	—	0	0	0	0	0	0
Interest coverage	206	109.3	-137.4	-40.1	586.6	331.2	156.5	180
Asset turnover	0.29	0.28	0.04	0.14	0.4	0.39	0.25	0.27
Return ratios
Return on assets %	5.7%	6.6%	-5.5%	-1%	13.8%	12.8%	5.9%	4.2%
Return on capital employed %	9.7%	8.1%	-7.2%	-1.4%	20.9%	19.1%	7.7%	6.2%
Return on equity %	6.8%	7.5%	-6.2%	-1.2%	15.7%	14.4%	6.3%	4.5%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	69.72%	69.74%	69.74%	69.79%	69.79%	62.26%	62.26%	62.26%	62.26%	62.25%	62.25%	62.22%
	4.04%	4.5%	4.42%	3.85%	3.6%	7.41%	6.91%	6.73%	6.69%	5.49%	5.24%	4.2%
	4.26%	4.3%	4.56%	5.97%	6.96%	12.06%	11.95%	12.3%	12.1%	11.22%	11.46%	11.27%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	21.98%	21.46%	21.28%	20.39%	19.65%	18.27%	18.88%	18.71%	18.95%	21.04%	21.05%	22.31%
No. of shareholders	—	—	—	—	—	—	—	—	57,035	57,447	55,706	53,865

Promoter holding down 7.5 percentage points since Sep 2023.

6 deals · 6 Sept 2021 – 13 Nov 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
13 Nov 2025	VIDYA MOOTHEDATHU	Bulk	NSE	Buy	3,50,073	₹540.63	₹18.93 Cr
4 Dec 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	3,36,332	₹909.42	₹30.59 Cr
4 Dec 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	3,36,328	₹909.86	₹30.60 Cr
25 Oct 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	2,89,466	₹861.49	₹24.94 Cr
25 Oct 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	2,89,466	₹860.67	₹24.91 Cr
6 Sept 2021	VALUEQUEST INDIA MOAT FUND LIMITED	Bulk	NSE	Sell	3,48,251	₹238.11	₹8.29 Cr

1–6 of 6

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Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. Arun K ChittilappillyExecutive Director-Chairperson-MD
Mr. Ramakrishnan Lakshmi NarayananNon-Executive - Non Independent Director
Ms. Priya Sarah Cheeran JosephNon-Executive - Non Independent Director
Ms. Anjali NairNon-Executive - Independent Director
Mr. K Ullas KamatNon-Executive - Independent Director
Mr. Madan Achutha PadakiNon-Executive - Independent Director
Mr. Mr. Aprameya RadhakrishnaNon-Executive - Independent Director
Mr. Dheeran ChoudharyChief Operating Officer
Mr. Saji K LouizChief Financial Officer
Srinivasulu Raju YCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 3 fund houses

Held by these funds

8.56%

of the company's equity

All mutual funds

10.45%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

4 schemes · 3 fund houses

		Shares
SMALL CAP FUND	Tata Mutual Fund	43 L	231.02	1.76%	6.772%	-0
Conservative Hybrid Fund	SBI Mutual Fund	11.25 L	60.46	0.59%	1.772%	-0
Children's Fund - Savings Plan (Erstwhile known as SBI Magnum Children's Benefit Fund-Svg P)	SBI Mutual Fund	13,000	0.7	0.47%	0.02%	-0
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	71	0	0.01%	0%	-0

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

73 announcementsExport CSV

21 Sept 2026, 11:47 amCompany Update