Wpil Limited (WPIL) · mywealthgrid

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About

Wpil manufactures industrial products with market cap of ₹4,086 Cr. Quarterly revenue has ranged ₹56–₹117 Cr over 2019–2021, with operating margins volatile between 12–27%. Product categories, customer concentration, and market position are not detailed in available data.

Face value: ₹1

Market cap

₹4,207 Cr

P/E

31.9×

P/B

3.1×

Dividend yield

0.9%

ROE

10.1%

ROCE

17.5%

Debt / equity

0.32

OPM

16.2%

EPS (TTM)

₹13.5

Book value

₹140.4

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Margin volatility: OPM swung from 12.45% (Mar 2020) to 27.13% (Mar 2021) to 16.19% (current), suggesting operational unpredictability or external dependency.
Weak capital returns: ROE of 10.09% is modest; combined with 1y stock return of −7.31%, raises questions about capital deployment despite low debt (D/E 0.32).
Revenue instability: Quarterly revenue ranges ₹56.78–₹117.63 Cr; verify whether demand is cyclical or if customer/product concentration drives swings.
Valuation assumption: PE of 30.95 assumes margin recovery or growth; verify whether 16.19% OPM can sustainably approach historical 24–27% levels.

Generated analysis · source review pending

Growth drivers

Margin recovery: OPM demonstrated 24–27% (Sep 2020–Mar 2021) vs current 16.19%; 8–11pp upside if operational constraints ease.
Revenue trajectory: Mar 2021 revenue was ₹117.63 Cr; verify current run-rate and whether recent results signal baseline recovery or cyclical peak.
Financial capacity: D/E of 0.32 enables growth investments without financial stress; verify capex or acquisition plans.
Sector positioning: Verify whether company's products serve industrial capex cycles and current demand environment.

Generated analysis · source review pending

556 historical price candles were omitted because the exchange source has not been verified.

₹430.7-0.2%1Y

Quick read

rule-based

Pros

+Strong return on equity of 27.5% (3-yr avg)
+High return on capital employed of 22.3%
+Profit CAGR of 18.6% over the last 5 years
+Dividend payout of 29.6% of profit
+High promoter holding of 70.8% with no pledge

Cons

No red flags triggered.

Research score

Structured signal from quality, growth, valuation and momentum.

50/100

Business quality: 46
Growth: 48
Valuation

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
Indo-Mim LimitedINDOMIMINDOMIM	₹62,891 Cr	₹63,981 Cr	₹4,193 Cr	₹1,071 Cr	25.5%	₹534 Cr	12.7%	29.6%	21.3%	—
Aditya Infotech LimitedCPPLUSCPPLUS	₹44,797 Cr	₹44,910 Cr	₹4,883 Cr	₹709 Cr	13.4%	₹477 Cr	8.7%	33.8%	25.5%	61
Syrma Sgs Technology LimitedSYRMASYRMA	₹33,121 Cr	₹33,474 Cr	₹5,464 Cr	₹610 Cr	11.3%	₹402 Cr	7.2%	18.7%	15%	48
Honeywell Automation India LimitedHONAUTHONAUT	₹29,454 Cr	₹29,454 Cr	₹4,703 Cr	₹637 Cr	12.9%	₹551 Cr	11.2%	16.7%	12.4%	-12
Jyoti Cnc Automation LimitedJYOTICNCJYOTICNC	₹23,470 Cr	₹24,320 Cr	₹2,191 Cr	₹535 Cr	25.2%	₹322 Cr	16.1%	25.3%	18.2%	359
Kaynes Technology India LimitedKAYNESKAYNES	₹22,773 Cr	₹23,648 Cr	₹3,899 Cr	₹609 Cr	15.8%	₹346 Cr	10%	15.4%	9.6%	193
Lmw LimitedLMWLMW	₹17,706 Cr	₹17,706 Cr	₹3,374 Cr	₹219 Cr	5.3%	₹175 Cr	4.1%	6.4%	4.6%	23
Tega Industries LimitedTEGATEGA	₹15,721 Cr	₹16,039 Cr	₹3,059 Cr	₹231 Cr	13.7%	₹21 Cr	8.4%	8.5%	5.9%	153
Lloyds Engineering Works LimitedLLOYDSENGGLLOYDSENGG	₹14,553 Cr	₹14,587 Cr	₹1,611 Cr	₹229 Cr	14.5%	₹163 Cr	15.2%	17.5%	16.4%	184
Kennametal India LimitedKENNAMETKENNAMET	₹9,411 Cr	₹9,411 Cr	₹991 Cr	₹179 Cr	18.1%	₹114 Cr	11.5%	24.5%	18.5%	170
Dynamatic Technologies LimitedDYNAMATECHDYNAMATECH	₹9,354 Cr	₹9,883 Cr	₹1,675 Cr	₹200 Cr	11.3%	₹42 Cr	2%	12.3%	4.3%	142
Standard Engineering Technology LimitedSETLSETL	₹8,318 Cr	₹8,376 Cr	₹849 Cr	₹129 Cr	15.4%	₹89 Cr	10.7%	15.5%	10.7%	335

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Financials

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

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	909	995	1,181	1,605	1,664	1,807
COGS	393	425	515	984	948	1,069
Gross profit	516	570	666	622	717	738
	396	413	456	354	418	445
Operating profit (EBITDA)	120	157	210	267	298	293
OPM %	13.2%	15.7%	17.8%	16.7%	17.9%	16.2%
Depreciation	37	37	37	28	30	33
Interest	21	23	20	24	31	39
	15	9	9	24	28	37
Profit before tax	77	129	163	284	762	267
Tax	23	31	45	65	78	140
Tax %	29.8%	23.6%	27.6%	22.7%	10.2%	52.6%
	54	99	118	220	684	127
PAT margin %	5.9%	9.9%	10%	13.7%	41.1%	7%
EPS (₹)	57.6	86.2	99.7	193.7	48.6	13.5
EPS adjusted (₹)	5.8	8.6	10	19.4	48.6	13.5
	13%	11.6%	10%	10.3%	45.2%	14.8%
Annual report	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

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity capital	10	10	10	10	10	10	10
Reserves	—	444	533	625	800	1,236	1,362
Minority interest	—	28	47	71	103	310	303
	—	358	274	279	226	207	439
	—	570	653	823	1,063	865	819
Total equity & liabilities	—	1,410	1,517	1,807	2,202	2,628	2,932
	176	449	429	421	467	439	497
CWIP	—	1	1	9	9	14	9
Investments	—	13	16	17	20	25	32
	—	947	1,072	1,361	1,707	2,150	2,394
Total assets	—	1,410	1,517	1,807	2,202	2,628	2,932

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Ratios

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

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Margins
Gross margin %	56.8%	57.3%	56.4%	38.7%	43.1%	40.8%
EBITDA margin %	13.2%	15.7%	17.8%	16.7%	17.9%	16.2%
EBIT margin %	9.1%	12%	14.6%	14.9%	16.1%	14.3%
PAT margin %	5.9%	9.9%	10%	13.7%	41.1%	7%
Working capital
Receivable days	129	120	132	124	160	168
Inventory days	240	218	209	127	143	128
Payable days	208	217	274	175	177	142
NWC days	160	120	68	76	126	154
Leverage
Current ratio	1.22	1.36	1.35	1.39	1.91	1.68
Debt to EBITDA	2.98	1.75	1.33	0.85	0.69	1.5
Debt to equity	0.79	0.51	0.44	0.28	0.17	0.32
Interest coverage	4.7	5.7	9.1	11.1	9.6	7.6
Asset turnover	0.64	0.66	0.65	0.73	0.63	0.62
Return ratios
Return on assets %	3.8%	6.5%	6.5%	10%	26%	4.3%
Return on capital employed %	13.3%	16.7%	21.5%	27.2%	22.1%	17.5%
Return on equity %	11.9%	18.2%	18.6%	27.1%	54.9%	9.2%

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
	70.8%	70.8%	70.8%	70.8%	70.8%	70.8%	70.8%	70.8%	70.8%	70.8%	70.8%	70.8%
	5.89%	5.86%	5.82%	5.81%	5.68%	5.67%	5.57%	5.54%	5.6%	5.61%	5.62%	5.6%
	2.69%	2.68%	2.62%	2.62%	2.61%	2.57%	2.56%	2.56%	2.56%	2.57%	2.59%	2.77%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	20.62%	20.66%	20.76%	20.77%	20.91%	20.96%	21.07%	21.1%	21.04%	21.02%	20.99%	20.83%
No. of shareholders	—	—	—	—	—	—	—	—	26,989	26,143	25,524	24,898

Promoter holding up 0 percentage points since Sep 2023.

12 deals · 23 Nov 2023 – 1 Dec 2023

Date	Client	Type	Venue	Side	Quantity	Price	Value
1 Dec 2023	V N ENTERPRISES LIMITED	Block	BSE	Sell	51,000	₹3,070.00	₹15.66 Cr
1 Dec 2023	HINDUSTHAN UDYOG LTD	Block	BSE	Buy	51,000	₹3,070.00	₹15.66 Cr
1 Dec 2023	V N ENTERPRISES LIMITED	Bulk	BSE	Sell	51,000	₹3,070.00	₹15.66 Cr
1 Dec 2023	HINDUSTHAN UDYOG LTD	Bulk	BSE	Buy	51,000	₹3,070.00	₹15.66 Cr
29 Nov 2023	V N ENTERPRISES LIMITED	Block	BSE	Sell	63,000	₹3,111.00	₹19.60 Cr
29 Nov 2023	HINDUSTHAN UDYOG LTD	Block	BSE	Buy	63,000	₹3,111.00	₹19.60 Cr
29 Nov 2023	V N ENTERPRISES LIMITED	Bulk	BSE	Sell	63,000	₹3,111.00	₹19.60 Cr
29 Nov 2023	HINDUSTHAN UDYOG LTD	Bulk	BSE	Buy	63,000	₹3,111.00	₹19.60 Cr
23 Nov 2023	V N ENTERPRISES LIMITED	Block	BSE	Sell	61,000	₹3,150.00	₹19.22 Cr
23 Nov 2023	HINDUSTHAN UDYOG LTD	Block	BSE	Buy	61,000	₹3,150.00	₹19.22 Cr

1–10 of 12

1 / 2

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. Ashok Kumar PradhanNon-Executive - Independent Director-Chairperson
Mr. Prakash AgarwalExecutive Director-MD
Mr. K.K.GaneriwalaExecutive Director
Mr. Anjan DasguptaNon-Executive - Independent Director
Mr. Rakesh AmolNon-Executive - Independent Director
Mrs. Samarpita BoseNon-Executive - Independent Director
Mr. Brahma Prakash KhareExecutive Director
Mr. Debraj RoyExecutive Director
Udayaditya ChakravartyGeneral Manager (Finance) & Company 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

Current futures and options contracts with compact option-chain pages.

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Fund holders

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

Portfolio month

Schemes holding

across 2 fund houses

Held by these funds

2.43%

of the company's equity

All mutual funds

2.43%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

3 schemes · 2 fund houses

		Shares
Portfolio of Kotak Small Cap Fund	Kotak Mahindra Mutual Fund	19.34 L	85.78	0.44%	1.98%	-0
Portfolio of Kotak Infrastructure & Economic Reform FundNEW	Kotak Mahindra Mutual Fund	4.36 L	19.32	0.78%	0.446%	—
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	81	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

18 announcementsExport CSV

28 Sept 2026, 4:21 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

7 Aug 2026, 4:38 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

7 Aug 2026, 1:35 pmAGM/EGM

Proceedings Of 72Nd AGM

AGM PDF

27 Jul 2026, 6:05 pmCompany Update

Announcement under Regulation 30 (LODR)-Earnings Call Transcript

Earnings Call Transcript PDF

25 Jul 2026, 4:19 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

24 Jul 2026, 8:52 pmCompany Update

Announcement under Regulation 30 (LODR)-Investor Presentation

Investor Presentation PDF

24 Jul 2026, 3:17 pmCompany Update

Announcement under Regulation 30 (LODR)-Investor Presentation

Investor Presentation PDF

24 Jul 2026, 1:42 pmBoard Meeting

Board Meeting Outcome for Unaudited Financial Results For The Quarter Ended 30Th June,2026

Outcome of Board Meeting PDF

Date	Category	Subject	Filing
28 Sept 2026, 4:21 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
7 Aug 2026, 4:38 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF

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Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Margins
Gross margin %	56.8%	57.3%	56.4%	38.7%	43.1%	40.8%
EBITDA margin %	13.2%	15.7%	17.8%	16.7%	17.9%	16.2%
EBIT margin %	9.1%	12%	14.6%	14.9%	16.1%	14.3%
PAT margin %	5.9%	9.9%	10%	13.7%	41.1%	7%
Working capital
Receivable days	129	120	132	124	160	168
Inventory days	240	218	209	127	143	128
Payable days	208	217	274	175	177	142
NWC days	160	120	68	76	126	154
Leverage
Current ratio	1.22	1.36	1.35	1.39	1.91	1.68
Debt to EBITDA	2.98	1.75	1.33	0.85	0.69	1.5
Debt to equity	0.79	0.51	0.44	0.28	0.17	0.32
Interest coverage	4.7	5.7	9.1	11.1	9.6	7.6
Asset turnover	0.64	0.66	0.65	0.73	0.63	0.62
Return ratios
Return on assets %	3.8%	6.5%	6.5%	10%	26%	4.3%
Return on capital employed %	13.3%	16.7%	21.5%	27.2%	22.1%	17.5%
Return on equity %	11.9%	18.2%	18.6%	27.1%	54.9%	9.2%

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	59	232	115	187	-90	-150
	-287	-36	-51	-95	512	-333
	199	-143	-35	-102	-88	151
Net cash flow	-28	54	28	-9	334	-331
Free cash flow	-61	209	89	148	-132	-188
CFO / Operating profit %	49%	148.4%	54.5%	70%	-30%	-51.1%

Wpil Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Announcements

Not in the F&O segment

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

19

1

1

Compounded sales growth

Compounded profit growth

Return on equity

Wpil Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Announcements

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Dividends19

Board meetings1

Stock splits1

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

19

1

1