WPIL Stock Gains 40% Target as Emkay Reiterates Buy After Mixed Q4

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AuthorKavya Nair|Published at:
WPIL Stock Gains 40% Target as Emkay Reiterates Buy After Mixed Q4
Overview

Emkay Global Financial Services reiterated its 'Buy' rating on WPIL Limited, setting a ₹650 target price that suggests a 40.1% potential increase. This confidence is based on a strong ₹49 billion order book and projections for significant revenue and profit growth through FY28, despite mixed Q4 results. The brokerage highlighted WPIL's global reach and growing aftermarket services as key strengths.

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Emkay Boosts WPIL Target on Strong Order Pipeline

Emkay Global Financial Services has reaffirmed its 'Buy' recommendation for WPIL Limited, forecasting a 40.1% upside with a target price of ₹650 per share. This positive stance comes after the company's fourth-quarter fiscal year 2026 performance, which was described as mixed.

Robust Order Book Underpins Future Growth

WPIL's substantial order book, valued at ₹49 billion and showing a 47% year-on-year rise, is a key factor in Emkay's optimistic outlook. The brokerage anticipates this strong pipeline will support a revenue compound annual growth rate (CAGR) of 29% between fiscal years 2026 and 2028, contingent on improved project execution.

Profitability Set for Significant Jump

Emkay projects substantial growth in WPIL's profitability, forecasting an EBITDA CAGR of 32% and an EPS CAGR of 41% for the FY26-28E period. This anticipated increase is linked to a more favorable revenue mix and an expanding contribution from high-margin aftermarket and operations & maintenance (O&M) services.

Favorable Market Trends Drive Opportunities

The brokerage also pointed to strong structural demand across key sectors, particularly in water infrastructure, desalination, and wastewater treatment, which are expected to drive WPIL's future growth. The company's global diversification and its comprehensive role in the pump sector are considered significant strategic advantages.

Q4 Financials and Dividend Recommendation

For Q4 FY26, WPIL Limited reported a consolidated net profit of ₹4,652.80 lakh, a notable recovery from a net loss of ₹2,371.79 lakh in the same period last year. Profit before tax rose slightly to ₹6,685.71 lakh from ₹6,476.79 lakh year-on-year, while total expenses decreased to ₹45,838 lakh from ₹51,293.74 lakh. Earnings per share (EPS) for the quarter improved to ₹4.14 from ₹0.18 in Q4 FY25. For the full fiscal year FY26, net profit increased to ₹19,961.92 lakh from ₹12,660.39 lakh in FY25.

The company's board has recommended a dividend of ₹2.00 per equity share, with a face value of ₹1, to be paid out, as declared on May 19, 2026.

WPIL Limited shares traded at ₹439 on May 20, 2026, down 4.69% from the previous close of ₹460.60.

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