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WPIL Ltd

₹ 3960.67%
16 Jan 4:01 p.m. – close price
🔗wpil.co.in•BSE: 505872•NSE:
Market Cap₹ 3,868 Cr.
Current Price₹ 396
High / Low₹ 714
Stock P/E35.0
Book Value₹ 93.0
Dividend Yield0.50 %
ROCE21.4 %
ROE17.4 %
Face Value₹ 1.00
Sales₹ 936 Cr.
OPM17.2 %
Mar Cap₹ 3,868 Cr.

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 Segments1) 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]

Also present in buckets:
Aggressive Growth TriggersExcellent ResultsRevenue GuidanceAsset Base ExpansionCapacity Expansion And ProductsOrder Book PositionLarge Order ReceiptsJv Partnerships AcquisitionsRevenue Guidance Vs ActualsRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.Honeywell Auto34055.0058.3630123.390.31119.503.821149.4012.2618.404537.8012.66516.10119.507.199.980.02
2.Kaynes Tech3613.6063.8824191.760.00121.41101.64906.2258.4014.283225.3516.21378.68121.415.177.240.19
3.Jyoti CNC Auto.924.0560.6821003.750.0085.5012.68507.9017.9324.351943.2626.50346.1385.5011.4812.990.40
4.Aditya Infotech1386.6082.7716291.820.0069.98196.78919.6437.4819.493111.877.96150.4469.9810.256.240.08
5.LMW14622.45130.3315673.690.2040.9267.29821.886.884.483086.084.91120.2740.925.522.070.00
6.Tega Inds.1860.4559.1313982.350.1144.94522.44405.3514.7317.801706.8221.45236.4444.948.3910.070.21
7.Syrma SGS Tech.705.1059.2113599.370.2166.3476.771145.8937.6011.673883.9310.01229.6764.064.834.370.12
8.WPIL396.0535.033868.250.5025.03-46.28175.89-46.6621.41935.6917.19110.4325.034.269.160.50
–Median: 118 Co.272.132.07613.790.06.1712.9375.3415.9416.38228.7114.0315.935.813.667.730.19

Quarterly Results

Standalone figures in ₹ crores

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales
247273351182185274435239330218361181176
Expenses
216226276153154222355199266185297153141
Operating Profit
31477629315280406333642835
Other Income
0236661268868910
Profit before tax
27667630325880416328622634
Tax %
26%26%23%26%26%30%30%25%26%27%26%26%25%
Net Profit
20495922234156314720461925
EPS in Rs
2.024.986.002.262.404.155.733.164.772.084.721.942.56

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
2632322112804225333723405301,0021,0771,148936
Expenses
225199182243356416308263443826884947775
Operating Profit
3833293766117647787176193201161
Other Income
666819930171432303032
Interest
18126131071010912173137
Depreciation
2333336566777
Profit before tax
2424262971116777986190199193149
Net Profit
171717204873596064143142144110
EPS in Rs
2.151.721.762.084.877.526.066.116.5414.6414.5414.7311.30
Dividend Payout %
9%12%11%10%8%10%12%16%15%14%28%14%–

Compounded Sales Growth

10 Years:17%
5 Years:25%
3 Years:29%
TTM:-27%

Compounded Profit Growth

10 Years:24%
5 Years:19%
3 Years:30%
TTM:-37%

Stock Price CAGR

10 Years:26%
5 Years:48%
3 Years:49%
1 Year:-44%

Return on Equity

10 Years:17%
5 Years:18%
3 Years:20%
Last Year:17%

Balance Sheet

Standalone figures in ₹ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
8101010101010101010101010
Reserves
91205220244289357408460514647750874899
Borrowings
9917797662307294344137304452
Other Liabilities
1187579109190246244200331481606436267
Total Liabilities
3163073884395506437336798991,1821,5041,6241,627
Fixed Assets
33333248474655514888100120119
Gross Block
58.9461.9263.8651.6653.0155.1069.1969.7072.34109.57128.75154.85–
Accumulated Depreciation
26.0428.9131.663.166.229.3514.4019.1624.3521.3528.2635.00–
CWIP
0100000000215
Investments
38386642424242494949494949
Other Assets
2452352893484625556365798021,0451,3521,4541,455
Total Assets
3163073884395506437336798991,1821,5041,6241,627

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
27-8-23194610813905364-56-190
Cash from Investing Activity
-3-0-304-19-64-32-7-33-572072
Cash from Financing Activity
-25853-23-26-4421-849-2137104
Net Cash Flow
-100-00-03-228-141-13

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
252266300233186129166165185131206214
Inventory Days
562840465062141121224290401279
Days Payable
2031341711881641472071528001,0471,045604
Cash Conversion Cycle
105160170917243100134-392-625-438-111
Working Capital Days
642192196448212490333263115
ROCE %
21%17%12%13%24%32%20%18%19%32%27%21%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters
70.79%70.79%70.79%70.79%70.79%70.79%70.79%70.79%70.79%70.79%70.79%70.79%70.79%
FIIs
6.32%5.82%5.81%5.89%5.85%5.82%5.81%5.68%5.67%5.57%5.54%5.60%5.61%
DIIs
4.27%3.65%2.84%2.70%2.68%2.62%2.62%2.61%2.58%2.56%2.56%2.56%2.57%
Public
18.61%19.73%20.56%20.62%20.67%20.77%20.78%20.92%20.96%21.08%21.11%21.05%21.01%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

WPIL Limited to Publish Audited Financial Results for FY26, Skips Unaudited Q4 Results

16th April 2026, 6:16 pm

WPIL Limited's Bank Facilities Receive Credit Rating Reaffirmations and Assignments from CARE Ratings

7th April 2026, 9:42 pm

WPIL Limited Schedules Investor/Analyst Meeting for April 8, 2026

5th April 2026, 12:19 am

WPIL Limited Submits SEBI Compliance Certificate for Q4 FY26

3rd April 2026, 12:05 am

WPIL Limited to observe trading window closure from April 1 to June 1, 2026

27th March 2026, 9:07 pm

Published by Other Websites

External media mentions & references

India's Nuclear Boom: Agrawal vs. Kacholia in ₹2 Lakh Crore Race

22nd February 2026, 7:43 am

WPIL Ltd. Stock Skyrockets 12% on Massive ₹1,340 Crore South African Contract Win!

15th December 2025, 1:36 pm

Pump Power Surge: Shakti, Oswal, WPIL Stocks Skyrocket on Massive ₹2200 Cr+ Order Blitz!

15th December 2025, 12:27 pm

Indian Equities Retreat: Sensex and Nifty Slip as Six-Day Winning Streak Halts Amidst Broad Selling

18th November 2025, 3:55 pm

Market Movers: Emcure Pharma Stake Sale, AstraZeneca Partnership, WPIL Contract Among Top Stocks to Watch

18th November 2025, 7:39 am

News Articles

Editorial & research coverage

WPIL Ltd. Stock Skyrockets 12% on Massive ₹1,340 Crore South African Contract Win!
WPIL Ltd. Stock Skyrockets 12% on Massive ₹1,340 Crore South African Contract Win!

15th December 2025, 1:36 pm

WPIL Limited Secures ₹426 Crore South African Water Project Contract
WPIL Limited Secures ₹426 Crore South African Water Project Contract

17th November 2025, 7:16 pm

WPIL Surges on Strong Q3 International Business, 9M PAT Lags
WPIL Surges on Strong Q3 International Business, 9M PAT Lags
WPIL Surges: Q3 Profit Soars 104% on Strong International Sales & Mega Orders
WPIL Surges: Q3 Profit Soars 104% on Strong International Sales & Mega Orders

Documents

Announcements

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

12 Jan - Registrar's certificate under Reg 74(5) confirming compliance for quarter ended 31 Jan 2026.

Shareholder Meeting / Postal Ballot-Notice of Postal Ballot

29 Dec - Postal ballot for MD and Executive Director reappointments (Nov 1,2025–Oct31,2028); MD salary ₹7,00,000/month; increase authorised capital to ₹12 crore; voting Dec 30,2025–Jan 28,2026.

Closure of Trading Window

26 Dec - Trading window closed from 1 January 2026 to 16 February 2026 for WPIL Limited.

Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order

13 Dec 2025 - PCI Africa awarded 2.50 billion Rand (Rs.1,340 Cr) contract; PCI share ~1.175 billion Rand (Rs.630 Cr); 54-month project.

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

26 Nov 2025 - One-on-one investor/analyst meeting with C Worldwide Asset Management (Denmark) on December 2, 2025; no UPSI.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from bse)

Financial Year 2020

(from bse)

Financial Year 2019

(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)

Credit Ratings

Rating update

3 Apr 2025 from care

Rating update

5 Apr 2024 from care

Rating update

21 Mar 2023 from care

Rating update

21 Mar 2022 from care

Rating update

2 Mar 2021 from care

Rating update

2 Mar 2021 from care

Concalls

Nov 2025

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Aug 2025

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May 2025

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Feb 2025

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Nov 2024

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Aug 2024

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May 2024

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Feb 2024

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Jan 2024

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Nov 2023

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Stock Analysis

Description

  1. WPIL Limited, established in 1952, is an Indian company specializing in pumps and pumping systems. It also undertakes turnkey execution of water supply projects for industrial, power, and irrigation sectors.

Key Growth Triggers

  1. Growth is driven by its international business, bolstered by acquisitions, and expected improvements in domestic project execution, particularly for Jal Jeevan Mission projects. Management aims for the international segment to contribute 40-50% of project revenues.

Order Book

  1. Order Book: September 2025 = INR 41,315 Mn (approx. ₹4,131 Crore). A significant INR 426 Crore electro-mechanical contract was secured in South Africa for the MCWAP2 Project.

Key Red Flags

  1. Q1 FY26 performance was impacted by international transactional and legacy costs leading to margin contraction. Domestic project revenues faced headwinds due to funding and policy issues. Company data highlights high debtor days (214 days as of Mar 2025) and elevated working capital days (115 days as of Mar 2025).

Key Dates To Watch

  1. A compliance certificate for the quarter ended January 31, 2026, was filed on January 12, 2026. Shareholder approval via postal ballot for MD/Director re-appointments and capital increase is ongoing (voting until Jan 28, 2026).

Corporate Announcements

16th Apr 26
Impact Rating: 5
In a regulatory filing, WPIL Limited announced its decision to release Audited Financial Results for the quarter and fiscal year ended March 31, 2026. Consequently, the company will not be publishing unaudited financial results for the fourth quarter of FY26.
7th Apr 26
Impact Rating: 7
WPIL Limited announced credit rating actions by CARE Ratings. Long-term bank facilities worth ₹813.79 crore and ₹257.21 crore were reaffirmed. New ratings were assigned to ₹75.00 crore facilities, and ₹2.50 crore short-term facilities were reaffirmed.
4th Apr 26
Impact Rating: 6
WPIL Limited has scheduled an investor and analyst meeting with Kotak Mutual Fund for April 8, 2026, via video conferencing. The company clarified that no unpublished price-sensitive information (UPSI) will be discussed.
2nd Apr 26
Impact Rating: 3
WPIL Limited submitted its SEBI compliance certificate for the quarter ended March 31, 2026, issued by MCS Share Transfer Agent, confirming adherence to dematerialization rules.
27th Mar 26
Impact Rating: 4
WPIL Limited has informed BSE that its trading window for equity shares will remain closed from Wednesday, April 1, 2026, to Monday, June 1, 2026, to prevent insider trading.