MarketFriction

Walchandnagar Industries Ltd

NSE WALCHANNAG · BSE 507410 · Industrial Products
₹196.08 -2.08%
NSE close2026-10-01
52 week range131.15 - 315.80
Market cap₹1,380 Cr.
Price band 20% Delivery 45.4%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales87.9255.8691.3879.1767.8659.0753.0849.4351.7880.9593.0290.83
Expenses82.8263.8486.1291.9973.9664.75100.1851.8054.8165.6588.8783.49
Operating Profit5.10-7.985.26-12.82-6.10-5.68-47.10-2.37-3.0315.304.157.34
OPM %5.80%-14.29%5.76%-16.19%-8.99%-9.62%-88.73%-4.79%-5.85%18.90%4.46%8.08%
Other Income3.846.744.2324.289.703.322.924.533.641.7010.876.97
Interest12.7813.2411.0110.5811.9712.099.259.869.759.549.3110.01
Depreciation4.304.182.082.612.662.682.692.692.762.802.773.12
Profit before tax-8.14-18.66-3.60-1.73-11.03-17.13-56.12-10.39-11.904.662.941.18
Tax %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Net Profit-8.14-18.66-3.60-1.73-11.03-17.13-56.12-10.39-11.904.662.941.18
EPS in Rs-1.77-4.06-0.65-0.31-1.99-3.09-8.32-1.53-1.750.690.430.17
Mar 2016 18mMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales802398398364298326299322302259275317
Expenses741350323282263305276356301330260293
Operating Profit61487682352023-341-711524
OPM %8%12%19%22%12%6%8%-11%0.5%-27%5%8%
Other Income-5492510253312821402223
Interest917077828879715550444039
Depreciation343633272323221915111111
Profit before tax-69-54-26-2-65-57-3820-42-86-15-3
Tax %5%47%0%0%0%0%0%0%0%0%0%
Net Profit-72-80-26-2-65-57-3820-42-86-15-3
EPS in Rs-18.83-20.89-6.78-0.56-17.19-15.04-10.004.26-7.55-12.75-2.16-0.46
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth-10%-3%-5%38%
Compounded Profit Growth6%12%22%98%
Stock Price CAGR2%28%20%9%
Return on Equity-17%-21%-15%-4%
Sep 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital888888889111314
Reserves663554357331328261204169251350359345
Borrowings350405431434454405411448293241194219
Other Liabilities594432414381377372335309275274306304
Total Liabilities1,6151,3981,2091,1551,1661,046958934828876872881
Fixed Assets617560390364357346333312285272245264
CWIP4112594421817
Investments2505330000000
Other Assets969837813786801692622617541602619600
Total Assets1,6151,3981,2091,1551,1661,046958934828876872881
Sep 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-3806350146597128761116-11
Cash from Investing Activity3115-103-4939-82684-15-14
Cash from Financing Activity41-37-66-55-78-121-64-54-8539-1-10
Net Cash Flow35-22-14-218-24-00-154-1-35
Free Cash Flow-39-105943134446726759-19-34
CFO/OP-99%21%127%61%174%168%331%93%-205%742%-14%-89%
Sep 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days23118033033923124323526921018599114
Inventory Days3942664103846401,030378475279380363451
Days Payable25594186214311383174234170201186220
Cash Conversion Cycle371353554508560891439509319363275346
Working Capital Days513318155-2247-1434-30-36-52
ROCE %0%3%2%6%10%4%3%2%-5%0%-8%4%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters34.87%34.84%31.55%31.55%31.55%31.53%31.76%31.76%31.59%31.59%31.59%31.59%
FIIs0.03%0.33%0.28%0.35%0.31%0.52%0.64%0.36%0.38%0.46%0.47%2.38%
DIIs0.18%0.18%0.23%0.15%0.28%0.15%0.14%0.70%0.80%0.80%0.78%0.49%
Government0.03%0.03%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%
Public64.88%64.63%67.91%67.92%67.84%67.78%67.42%67.14%67.20%67.12%67.14%65.53%
No. of Shareholders57,97355,72557,59359,81173,68677,38679,69880,37178,88083,13087,16896,793

Fundamentals

Market Cap₹ 1,380 Cr.
Current Price₹ 203
Book Value₹ 52.9
ROCE4.17 %
ROE-4.41 %
Dividend Yield0.00 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)38%
Compounded Profit Growth (TTM)98%
Standalone figures.
Valuation
Market capRs 1,330 Cr
Enterprise valueRs 1,474 Cr
Price to book3.71x
Price to sales4.20x
EV / EBITDA31.40x
EV / EBIT41.53x
EV / sales4.66x
Earnings yield-0.23%
P/B, 3-year average2.80x
P/E, 5-year average12.37x
P/B, 5-year average2.08x
Profitability
Operating margin (excl. other income)5.36%
Operating margin (incl. other income)13.21%
EBITDA margin14.83%
Pre-tax margin-0.99%
Net profit margin-0.99%
Net margin, latest quarter1.30%
ROE-4.01%
ROCE4.43%
ROA-1.67%
ROE, 3-year average-13.63%
ROCE, 3-year average-0.47%
ROA, 3-year average-5.48%
ROE, 5-year average-10.31%
ROCE, 5-year average3.33%
ROA, 5-year average-3.65%
ROIC (approx.)7.06%
Other income / net worth6.02%
Growth
Sales growth (latest year)6.18%
Sales CAGR, 3 years-5.11%
Sales CAGR, 5 years-3.31%
Sales growth QoQ-2.35%
Profit growth QoQ-59.86%
Sales growth YoY (latest quarter)83.75%
Per share
EPS (TTM)Rs -0.46
EPS (latest year)Rs -2.16
EPS (latest quarter)Rs 0.17
EPS, 3-year averageRs -7.49
EPS, 5-year averageRs -5.64
Book value per shareRs 52.89
Sales per shareRs 46.66
Cash flow per shareRs -1.63
Free cash flow per shareRs -5.01
Efficiency
Asset turnover0.31x
Fixed asset turnover1.04x
Inventory turnover1.13x
Inventory days323 days
Debtor days114 days
Debtors turnover3.19x
Creditor days220 days
Cash conversion cycle346 days
Working capital days-52 days
Leverage
Total debtRs 219 Cr
Cash and bankRs 75 Cr
Net debtRs 144 Cr
Debt to equity0.61x
Net debt / EBITDA3.06x
Interest coverage0.92x
Current ratio (filing 2026-03-31)1.08x
Quick ratio (filing 2026-03-31)0.77x
Trade payables (filing 2026-03-31)Rs 67 Cr
Owners' fund to total sources40.71%
Debt to assets24.83%
Cash flow
Cash from Operating Activity (latest year)Rs -11 Cr
Cash from Investing Activity (latest year)Rs -14 Cr
Cash from Financing Activity (latest year)Rs -10 Cr
Net Cash Flow (latest year)Rs -35 Cr
Free cash flow (latest year)Rs -34 Cr
FCFE (approx.: FCF + change in debt)Rs -9 Cr
Statement figures
Net sales (TTM)Rs 317 Cr
Net sales (latest year)Rs 275 Cr
Sales (latest quarter)Rs 91 Cr
Operating profit excl. other income (latest year)Rs 15 Cr
Operating profit (latest quarter)Rs 7 Cr
Other income (TTM)Rs 23 Cr
EBITDA (TTM)Rs 47 Cr
PBDT (TTM)Rs 8 Cr
Profit before tax (TTM)Rs -3 Cr
Net profit (TTM)Rs -3 Cr
Net profit (latest year)Rs -15 Cr
Net profit (latest quarter)Rs 1 Cr
Depreciation (TTM)Rs 11 Cr
Depreciation (latest quarter)Rs 3 Cr
Interest (TTM)Rs 39 Cr
Cost of goods sold (latest year)Rs 156 Cr
Total expenditure (latest year)Rs 260 Cr
Total income (latest year)Rs 297 Cr
Share capitalRs 14 Cr
ReservesRs 345 Cr
Shareholders' fundsRs 359 Cr
Total assetsRs 881 Cr
Net blockRs 264 Cr
Capital work in progressRs 17 Cr
InvestmentsRs 0 Cr
ReceivablesRs 86 Cr
InventoryRs 138 Cr
Other liabilitiesRs 304 Cr
Shares outstanding (crore)6.78
Ownership
Promoter holding31.59% (-0.17 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/B 3.71 is at the 74th percentile (median 2.62).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodWALCHANNAGNifty 50Difference
1 week-5.8%-2.8% -3.0 pts
1 month-6.6%-6.8% +0.2 pts
3 months-19.5%-7.6% -11.9 pts
6 months+48.9%+0.4% +48.5 pts
1 year-0.0%-9.9% +9.9 pts
2 years-38.7%-13.6% -25.2 pts
3 years+68.7%+14.2% +54.6 pts
5 years+227.3%+27.9% +199.5 pts

Red flags

F-score 5 of 8
lookRepeated losses Net loss in each of the last two years
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹91 Cr +83.8% vs Jun 2025. Net profit ₹1 Cr +111.4%.
Against our estimate for Jun 2026: sales +17.7%, profit +117.1% in line. Our estimate for Sep 2026: sales Rs 83 Cr, profit Rs 2 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2015-02-05Annual General Meeting / Dividend - Re 0.40/- Per Share
2014-01-16Annual General Meeting / Dividend - Re 0.40/- Per Share
2013-01-23Annual General Meeting / Dividend Re 1 Per Share
2012-02-01Dividend-Re.1/- Per Share
2011-02-02Dividend-Re.1/- Per Share
2010-01-12Dividend-Re.1/- Per Share
2009-01-21Agm/Dividend - 50%
2008-02-25Fv Spl-Rs10tors2/Bon-1:10.2000
2008-01-22Agm/Centenary Div. -100%
2007-01-16Agm/Div-Rs.4.50 Per Share
2006-01-06Agm/Dividend-30%
DateTypeWhat it says
2026-08-20Order winBagging/Receiving of orders/contracts
2026-08-12Shareholder meetingVoting results of Annual General Meeting held on August 11, 2026
2026-08-12Shareholder meetingWalchandnagar Industries Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 11, 2026
2026-08-12Amendment to AOA/MOAThe Amendment to AOA/MOA of the company.
2026-08-11Statement of deviation(s) orStatement of deviation(s) or variation(s) under Reg. 32
2026-08-11Press ReleaseA press release dated August 11, 2026, titled "Press Released For the Quarter Ended June 30, 2026.".
2026-08-11Monitoring Agency ReportMonitoring Agency Report for the Quarter Ended June 30, 2026.
2026-08-11Shareholder meetingProceedings of Annual General Meeting held on August 11, 2026
2026-08-11General UpdatesUnaudited Financial results for the Quarter Ended June 30, 2026.
2026-08-11Board meeting outcomeWalchandnagar Industries Limited has submitted to the Exchange, the financial results for the period ended June 30, 2026.
2026-08-07Credit RatingCredit Rating
2026-08-03ESOPAllotment of 62472 Shares.
2026-07-30ResignationResignation of Mr Nishant Saigal as Chief Financial Officer of the company w.e.f. October 19, 2026.
2026-07-30ResignationResignation of Director/KMP/SMP
2026-07-17Structural Digital DatabaseSDD Compliance Certificate for the quarter ended June 30, 2026
2026-07-15Shareholder meetingNotice of Annual General Meeting to be held on August 11, 2026
2026-07-01ESOPGrant of 20000 Options.
2026-07-01Board meeting outcomeOutcome of Board Meeting held on July 01, 2026.
2026-06-17Updates117th Annual General Meeting On August 11, 2026.
2026-06-16Disclosure under SEBI TakeovChakor L. Doshi has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial A...
2026-05-21Integrated Filing- FinancialSubmission of Integrated Filing (Financial) Report for the Quarter ended 31st March, 2026
2026-05-21Press ReleaseA press release dated May 20, 2026, titled "Press Release on the Audited (Reviewed) Financial Results and updates for the Quarter and Year ended on Ma...
2026-05-20ESOPOf 5000 Options. grant
2026-05-20Integrated Filing- FinancialIntegrated Filing for period ended March 31, 2026
2026-05-20General UpdatesGeneral Updates
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-03-26NCLTWalchandnagar Industries Ltd Vs Karmayogi Shankarraoji Patil Sahakari Sakhar Karkhana Ltd
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
EPS in the scrip is zero (4 trailing quarters)High low price variation greater than 100perc in previous 6 months

Quick answers

What is the market cap of Walchandnagar Industries Ltd?

Walchandnagar Industries Ltd (WALCHANNAG) has a market capitalisation of Rs 1,380 Cr. at the 2026-10-01 close.

What were Walchandnagar Industries Ltd's latest quarterly results?

In the Jun 2026 quarter, Walchandnagar Industries Ltd sales was Rs 91 Cr (+83.8% vs Jun 2025) and net profit was Rs 1 Cr.

What is the 52-week high and low of Walchandnagar Industries Ltd?

The 52-week high is Rs 315.80 and the 52-week low is Rs 131.15.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03