MarketFriction

W H Brady & Co Ltd

NSE WHBRADY · BSE 501391 · Other Industrial Products
₹465.05 -5.29%
NSE close2026-10-01
52 week range415.00 - 589.90
Market cap₹123 Cr.
P/E24.4
Price band 20% Delivery 99.0%

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

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales18.8822.7230.2124.2426.9723.4630.4723.5816.8126.9421.2419.44
Expenses16.7420.1926.5220.8923.0820.0128.4921.8715.3324.1522.0018.87
Operating Profit2.142.533.693.353.893.451.981.711.482.79-0.760.57
OPM %11.33%11.14%12.21%13.82%14.42%14.71%6.50%7.25%8.80%10.36%-3.58%2.93%
Other Income1.461.871.062.142.331.6218.232.800.802.130.913.26
Interest0.210.400.310.260.240.260.690.310.380.300.280.26
Depreciation0.290.320.340.410.490.520.700.620.670.710.700.58
Profit before tax3.103.684.104.825.494.2918.823.581.233.91-0.832.99
Tax %27.74%27.72%23.90%23.65%28.05%24.94%13.12%26.82%6.50%25.32%-74.70%17.06%
Net Profit2.242.663.133.683.943.2216.352.621.132.92-0.202.49
EPS in Rs6.758.089.5711.8412.8610.3545.888.633.929.10-2.248.94
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales46.3249.5538.6559.0666.7052.4659.2074.3989.48105.1488.5784.43
Expenses38.1241.5735.9949.3456.8445.5451.6864.8878.0391.6783.2580.35
Operating Profit8.207.982.669.729.866.927.529.5111.4513.475.324.08
OPM %17.70%16.10%6.88%16.46%14.78%13.19%12.70%12.78%12.80%12.81%6.01%4.83%
Other Income0.290.883.870.94-0.381.111.441.616.3623.526.547.10
Interest2.412.822.612.341.630.810.860.821.111.451.271.22
Depreciation2.081.931.611.871.921.601.391.281.246.162.702.66
Profit before tax4.004.112.316.455.935.626.719.0215.4629.387.897.30
Tax %21.25%21.65%30.74%20.78%15.35%10.68%24.89%24.17%27.17%21.20%17.87%
Net Profit3.153.211.605.115.025.025.036.8411.2527.186.476.34
EPS in Rs12.1212.597.4917.8017.6916.8616.2721.3735.1480.9019.4119.72
Dividend Payout %6.19%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth7%11%6%-19%
Compounded Profit Growth1%-3%-12%-35%
Stock Price CAGR13%24%4%-33%
Return on Equity7%8%7%4%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital2.552.552.552.552.552.552.552.552.552.552.552.55
Reserves48.9049.8152.3852.2854.8657.7161.2342.9448.0358.0079.9983.90
Borrowings44.3529.9321.7417.9113.564.743.805.946.225.2910.667.62
Other Liabilities14.8514.7430.2624.4922.8321.2818.1325.0324.6334.3743.8836.10
Total Liabilities110.6597.03106.9397.2393.8086.2885.7176.4681.43100.21137.08130.17
Fixed Assets50.4047.9346.1442.5641.4038.1035.6011.2511.6214.6616.3424.85
CWIP1.061.562.261.261.061.061.081.162.091.171.211.30
Investments0.601.082.383.023.341.9411.0817.8524.6634.6638.0250.34
Other Assets58.5946.4656.1550.3948.0045.1837.9546.2043.0649.7281.5153.68
Total Assets110.6597.03106.9397.2393.8086.2885.7176.4681.43100.21137.08130.17
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-0.333.006.612.718.196.9811.274.6211.218.00-0.085.14
Cash from Investing Activity-0.19-2.16-2.354.14-2.471.17-6.06-3.05-6.94-1.0323.30-23.21
Cash from Financing Activity0.96-3.87-4.83-1.29-6.21-7.86-4.60-1.59-6.20-7.18-0.13-5.05
Net Cash Flow0.44-3.03-0.585.55-0.500.290.60-0.03-1.92-0.2223.09-23.12
Free Cash Flow-1.180.923.897.255.736.5610.514.349.594.9618.95-6.26
CFO/OP3%46%94%130%98%78%159%74%134%94%44%159%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days121.77146.57197.93132.0291.7166.7173.2694.4675.9586.4083.4264.49
Inventory Days226.12223.36236.31419.82208.80179.05142.87156.92108.58101.95121.27162.48
Days Payable139.94141.94254.56263.79145.5596.9970.9192.1759.8754.9471.5746.37
Cash Conversion Cycle207.95228.00179.68288.05154.96148.77145.22159.20124.67133.40133.12180.60
Working Capital Days-8.98119.93113.66123.7195.05128.38137.2158.8237.3455.6450.7981.68
ROCE %7.17%7.32%8.67%2.44%12.16%13.64%9.47%12.33%16.95%20.85%12.86%7.31%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters73.76%73.76%73.76%73.76%73.76%73.76%73.76%73.76%73.76%73.76%73.76%73.76%
DIIs0.14%0.14%0.14%0.14%0.14%0.14%0.14%0.14%0.14%0.14%0.14%0.14%
Public26.09%26.09%26.09%26.10%26.09%26.10%26.10%26.09%26.10%26.09%26.09%26.08%
No. of Shareholders1,2401,3551,3981,4921,7332,0451,9901,9622,0481,9701,9271,908

Fundamentals

Market Cap₹ 123 Cr.
Current Price₹ 470
Stock P/E24.4
Book Value₹ 339
ROCE7.31 %
ROE4.32 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-19%
Compounded Profit Growth (TTM)-35%
Consolidated figures.
Valuation
Market capRs 119 Cr
Enterprise valueRs 114 Cr
P/E (TTM)23.58x
Price to book1.37x
Price to sales1.40x
EV / EBITDA10.16x
EV / EBIT13.33x
EV / sales1.35x
Price to cash flow23.07x
Earnings yield4.24%
P/E, 3-year average15.93x
P/B, 3-year average1.90x
P/E, 5-year average14.45x
P/B, 5-year average1.63x
Profitability
Operating margin (excl. other income)6.01%
Operating margin (incl. other income)13.39%
EBITDA margin13.24%
Pre-tax margin8.65%
Net profit margin5.96%
Net margin, latest quarter11.73%
ROE5.86%
ROCE9.78%
ROA3.70%
ROE, 3-year average16.94%
ROCE, 3-year average25.19%
ROA, 3-year average10.32%
ROE, 5-year average13.95%
ROCE, 5-year average21.30%
ROA, 5-year average8.60%
ROIC (approx.)8.59%
Tax rate17.87%
Other income / net worth7.57%
Growth
Sales growth (latest year)-15.76%
Profit growth (latest year)-76.01%
Sales CAGR, 3 years5.99%
Sales CAGR, 5 years11.04%
Profit CAGR, 3 years-3.16%
Profit CAGR, 5 years2.86%
Sales growth QoQ-8.47%
Sales growth YoY (latest quarter)-17.56%
Profit growth YoY (latest quarter)3.64%
Per share
EPS (TTM)Rs 19.73
EPS (latest year)Rs 19.41
EPS (latest quarter)Rs 8.94
EPS, 3-year averageRs 45.15
EPS, 5-year averageRs 34.62
Book value per shareRs 339.02
Sales per shareRs 331.10
Cash flow per shareRs 20.16
Free cash flow per shareRs -24.55
Efficiency
Asset turnover0.68x
Fixed asset turnover3.56x
Inventory turnover2.60x
Inventory days140 days
Debtor days64 days
Debtors turnover5.66x
Creditor days46 days
Cash conversion cycle181 days
Working capital days82 days
Leverage
Total debtRs 8 Cr
Cash and bankRs 13 Cr
Net debtRs -5 Cr
Debt to equity0.09x
Net debt / EBITDA-0.45x
Interest coverage6.98x
Owners' fund to total sources66.41%
Debt to assets5.85%
Cash flow
Cash from Operating Activity (latest year)Rs 5 Cr
Cash from Investing Activity (latest year)Rs -23 Cr
Cash from Financing Activity (latest year)Rs -5 Cr
Net Cash Flow (latest year)Rs -23 Cr
Free cash flow (latest year)Rs -6 Cr
FCFE (approx.: FCF + change in debt)Rs -9 Cr
Cash from ops / profit, 5 years0.51x
Sales to cash flow17.23x
Statement figures
Net sales (TTM)Rs 84 Cr
Net sales (latest year)Rs 89 Cr
Sales (latest quarter)Rs 19 Cr
Operating profit excl. other income (latest year)Rs 5 Cr
Operating profit (latest quarter)Rs 1 Cr
Other income (TTM)Rs 7 Cr
EBITDA (TTM)Rs 11 Cr
PBDT (TTM)Rs 10 Cr
Profit before tax (TTM)Rs 7 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 5 Cr
Net profit (latest year)Rs 5 Cr
Net profit (latest quarter)Rs 2 Cr
Depreciation (TTM)Rs 3 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 47 Cr
Total expenditure (latest year)Rs 83 Cr
Total income (latest year)Rs 95 Cr
Share capitalRs 3 Cr
ReservesRs 84 Cr
Shareholders' fundsRs 86 Cr
Total assetsRs 130 Cr
Net blockRs 25 Cr
Capital work in progressRs 1 Cr
InvestmentsRs 50 Cr
ReceivablesRs 16 Cr
InventoryRs 18 Cr
Other liabilitiesRs 36 Cr
Shares outstanding (crore)0.26
Ownership
Promoter holding73.76% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 23.6 is at the 86th percentile of its own 9.4-year range (median 13.2, low 4.5, high 32.5).
P/B 1.37 is at the 59th percentile (median 0.91).
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.
PeriodWHBRADYNifty 50Difference
1 week-6.8%-2.8% -4.0 pts
1 month-5.3%-6.8% +1.5 pts
3 years+7.6%+14.2% -6.6 pts
5 years+185.0%+27.9% +157.2 pts

Red flags

F-score 5 of 8
explainWeak cash conversion Cash from operations was 38% of net profit over the last 3 years
lookProfit leans on other income Other income was 83% of pre-tax profit in 2026
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 ₹19 Cr -17.6% vs Jun 2025. Net profit ₹2 Cr -5.0%.
Against our estimate for Jun 2026: sales -10.7%, profit +30.3% in line. Our estimate for Sep 2026: sales Rs 13 Cr, profit Rs 1 Cr (how).

Activity

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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
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.
Less than 100 unique PAN traded in previous 30 days

Quick answers

What is the market cap of W H Brady & Co Ltd?

W H Brady & Co Ltd (WHBRADY) has a market capitalisation of Rs 123 Cr. at the 2026-10-01 close.

What is the P/E ratio of W H Brady & Co Ltd?

W H Brady & Co Ltd trades at a P/E of 24.4 on trailing twelve-month profit, at the 2026-10-01 close.

What were W H Brady & Co Ltd's latest quarterly results?

In the Jun 2026 quarter, W H Brady & Co Ltd sales was Rs 19 Cr (-17.6% vs Jun 2025) and net profit was Rs 2 Cr.

What is the 52-week high and low of W H Brady & Co Ltd?

The 52-week high is Rs 589.90 and the 52-week low is Rs 415.00.

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