MarketFriction

WPIL Ltd

NSE WPIL · BSE 505872 · Industrial Products
₹430.65 -1.87%
NSE close2026-10-01
52 week range383.55 - 510.35
Market cap₹4,220 Cr.
P/E24.9
Price band 20% Delivery 53.7%

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
Sales319431591363491382572379426539511501
Expenses252361489302387333492329346426436425
Operating Profit677010260104488049801137675
OPM %21%16%17%17%21%13%14%13%19%21%15%15%
Other Income7504413101761214181423
Interest797891112111311129
Depreciation7888889910101111
Profit before tax59557925998466540711096779
Tax %28%4%28%26%28%19%136%36%28%31%30%26%
Net Profit4353566437037-242652764759
EPS in Rs3.5335.306.533.966.173.210.182.294.205.564.143.47
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales7307088451,1569099951,1811,6051,6641,8071,8551,977
Expenses6806587489227908389711,3371,3661,5141,5361,633
Operating Profit495097234119157210268298293318344
OPM %7%7%11%20%13%16%18%17%18%16%17%17%
Other Income109172116321068524475870
Interest272722132122202431394845
Depreciation272222193737372830334142
Profit before tax5106922377129163284762267288327
Tax %174%118%48%29%30%24%28%23%10%53%31%
Net Profit-4-2361575499118220684127200233
EPS in Rs0.100.734.1012.875.758.629.9619.3648.6213.5216.1917.37
Dividend Payout %193%28%10%6%13%12%10%10%8%15%12%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth10%13%5%8%
Compounded Profit Growth83%13%-6%47%
Stock Price CAGR28%38%14%-4%
Return on Equity20%20%20%11%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital101010101010101010101010
Reserves2382362492843974445336258001,2361,3621,581
Borrowings103268273173138377312317258220467502
Other Liabilities1363062685214985726608551,1341,1621,0931,166
Total Liabilities4878197999881,0441,4031,5141,8062,2022,6282,9323,259
Fixed Assets141207180182176449429421467439503654
CWIP1120111991492
Investments0014131413161720253242
Other Assets3456116037928539391,0701,3591,7062,1502,3882,561
Total Assets4878197999881,0441,4031,5141,8062,2022,6282,9323,259
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity26-976318214155230115187-90-150-93
Cash from Investing Activity-4-913-50-34-296-38-49-109517-318290
Cash from Financing Activity-10193-72-124-53199-143-35-102-88151-46
Net Cash Flow125-7753-424930-24339-316151
Free Cash Flow21-18964172130-6324490155-131-187-147
CFO/OP56%-162%154%221%82%72%157%80%92%-16%-43%14%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days17116515615392129120132124160168196
Inventory Days70241209177138240218383360389307285
Days Payable97144161176151208217501497482348236
Cash Conversion Cycle1432612041547916012014-1267127246
Working Capital Days10681581021373834446370130
ROCE %16%7%7%18%45%14%17%19%24%20%16%15%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters70.79%70.79%70.79%70.79%70.79%70.79%70.79%70.79%70.79%70.79%70.79%70.79%
FIIs5.89%5.85%5.82%5.81%5.68%5.67%5.57%5.54%5.60%5.61%5.62%5.60%
DIIs2.70%2.68%2.62%2.62%2.61%2.58%2.56%2.56%2.56%2.57%2.59%2.77%
Public20.62%20.67%20.77%20.78%20.92%20.96%21.08%21.11%21.05%21.01%20.99%20.82%
No. of Shareholders11,51811,80812,80314,19723,84626,23628,85227,88926,98926,14325,52424,898

Fundamentals

Market Cap₹ 4,220 Cr.
Current Price₹ 432
Stock P/E24.9
Book Value₹ 163
ROCE14.6 %
ROE10.7 %
Dividend Yield0.46 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)8%
Compounded Profit Growth (TTM)47%
Consolidated figures.
Valuation
Market capRs 4,206 Cr
Enterprise valueRs 4,184 Cr
P/E (TTM)24.80x
Price to book2.64x
Price to sales2.13x
EV / EBITDA10.11x
EV / EBIT11.26x
EV / sales2.12x
Earnings yield4.03%
Dividend yield0.46%
P/E, 3-year average17.97x
P/B, 3-year average1.82x
P/E, 5-year average11.20x
P/B, 5-year average1.17x
Profitability
Operating margin (excl. other income)17.17%
Operating margin (incl. other income)20.30%
EBITDA margin20.93%
Pre-tax margin16.53%
Net profit margin8.58%
Net margin, latest quarter6.77%
ROE10.67%
ROCE17.07%
ROA5.11%
ROE, 3-year average22.32%
ROCE, 3-year average32.71%
ROA, 3-year average9.84%
ROE, 5-year average21.94%
ROCE, 5-year average29.79%
ROA, 5-year average8.97%
ROIC (approx.)16.43%
Tax rate30.67%
Other income / net worth3.66%
Growth
Sales growth (latest year)2.64%
Profit growth (latest year)19.76%
Sales CAGR, 3 years4.93%
Sales CAGR, 5 years13.27%
Profit CAGR, 3 years-5.80%
Profit CAGR, 5 years13.44%
Sales growth QoQ-2.09%
Profit growth QoQ-16.09%
Sales growth YoY (latest quarter)32.22%
Profit growth YoY (latest quarter)51.36%
Per share
EPS (TTM)Rs 17.37
EPS (latest year)Rs 16.19
EPS (latest quarter)Rs 3.47
EPS, 3-year averageRs 172.02
EPS, 5-year averageRs 161.88
Book value per shareRs 162.83
Sales per shareRs 202.37
Cash flow per shareRs -9.51
Free cash flow per shareRs -15.05
Dividend per share (latest year)Rs 2.00
Dividend per share, 3-year averageRs 14.67
Dividend per share, 5-year averageRs 14.80
Dividends
Dividend payout12.36%
Dividend payout, 3-year average11.80%
Dividend payout, 5-year average11.15%
Efficiency
Asset turnover0.57x
Fixed asset turnover2.84x
Inventory turnover2.73x
Inventory days134 days
Debtor days196 days
Debtors turnover1.86x
Creditor days236 days
Cash conversion cycle246 days
Working capital days130 days
Leverage
Total debtRs 502 Cr
Cash and bankRs 525 Cr
Net debtRs -22 Cr
Debt to equity0.32x
Net debt / EBITDA-0.05x
Interest coverage8.29x
Owners' fund to total sources48.80%
Debt to assets15.41%
Cash flow
Cash from Operating Activity (latest year)Rs -93 Cr
Cash from Investing Activity (latest year)Rs 290 Cr
Cash from Financing Activity (latest year)Rs -46 Cr
Net Cash Flow (latest year)Rs 151 Cr
Free cash flow (latest year)Rs -147 Cr
FCFE (approx.: FCF + change in debt)Rs -112 Cr
Cash from ops / profit, 5 years-0.02x
Statement figures
Net sales (TTM)Rs 1,977 Cr
Net sales (latest year)Rs 1,855 Cr
Sales (latest quarter)Rs 501 Cr
Operating profit excl. other income (latest year)Rs 318 Cr
Operating profit (latest quarter)Rs 75 Cr
Other income (TTM)Rs 70 Cr
EBITDA (TTM)Rs 414 Cr
PBDT (TTM)Rs 369 Cr
Profit before tax (TTM)Rs 327 Cr
Tax (latest year)Rs 88 Cr
Net profit (TTM)Rs 170 Cr
Net profit (latest year)Rs 158 Cr
Net profit (latest quarter)Rs 34 Cr
Depreciation (TTM)Rs 42 Cr
Depreciation (latest quarter)Rs 11 Cr
Interest (TTM)Rs 45 Cr
Cost of goods sold (latest year)Rs 990 Cr
Total expenditure (latest year)Rs 1,536 Cr
Total income (latest year)Rs 1,913 Cr
Share capitalRs 10 Cr
ReservesRs 1,581 Cr
Shareholders' fundsRs 1,590 Cr
Total assetsRs 3,259 Cr
Net blockRs 654 Cr
Capital work in progressRs 2 Cr
InvestmentsRs 42 Cr
ReceivablesRs 996 Cr
InventoryRs 362 Cr
Other liabilitiesRs 1,166 Cr
Shares outstanding (crore)9.77
Ownership
Promoter holding70.79% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 24.8 is at the 72th percentile of its own 9.4-year range (median 15.9, low 2.0, high 95.8).
P/B 2.64 is at the 54th percentile (median 2.53).
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.
PeriodWPILNifty 50Difference
1 week-1.2%-2.8% +1.6 pts
1 month-1.9%-6.8% +4.9 pts
3 months-9.4%-7.6% -1.7 pts
3 years+48.4%+14.2% +34.2 pts
5 years+408.7%+27.9% +380.9 pts
4 mutual fund schemes hold about ₹124 Cr. Over three months 0 bought more and 2 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Kotak Small Cap Fund0.44%86 -5%
Kotak Infra & Eco Reform Fund0.78%19 -2%
Kotak Infra & Eco Reform Fund0.78%19 -2%
Motilal Oswal BSE 1000 Index Fund0.01%0 -5%

Red flags

F-score 5 of 8
explainWeak cash conversion Cash from operations was -43% of net profit over the last 3 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 ₹501 Cr +32.2% vs Jun 2025. Net profit ₹59 Cr +126.9%.
Against our estimate for Jun 2026: sales +14.7%, profit +26.2% in line. Our estimate for Sep 2026: sales Rs 472 Cr, profit Rs 57 Cr (how).

Activity

Compare
CompanyMcap (Cr)P/EROCE
Indo-MIM Ltd61,71995.625.0 %
Aditya Infotech Ltd46,81498.128.6 %
Syrma SGS Technology Ltd32,63887.916.8 %
Honeywell Automation India Ltd30,03853.717.0 %
Jyoti CNC Automation Ltd24,09174.921.3 %
Kaynes Technology India Ltd23,60568.012.7 %
LMW Ltd18,11599.25.58 %
Lloyds Engineering Works Ltd15,85070.916.1 %
Tega Industries Ltd15,4818.14 %
Kennametal India Ltd8,87845.333.2 %
Dynamatic Technologies Ltd8,87315110.2 %
Standard Engineering Technology Ltd8,55710014.7 %
Raymond Ltd7,89446.93.14 %
Omnitech Engineering Ltd6,93966.817.6 %
GMM Pfaudler Ltd6,64152.713.6 %
No bulk or block deals on record.
Ex-dateActionFactor
2026-07-31Dividend - Rs 2 Per Share
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.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of WPIL Ltd?

WPIL Ltd (WPIL) has a market capitalisation of Rs 4,220 Cr. at the 2026-10-01 close.

What is the P/E ratio of WPIL Ltd?

WPIL Ltd trades at a P/E of 24.9 on trailing twelve-month profit, at the 2026-10-01 close.

What were WPIL Ltd's latest quarterly results?

In the Jun 2026 quarter, WPIL Ltd sales was Rs 501 Cr (+32.2% vs Jun 2025) and net profit was Rs 59 Cr.

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

The 52-week high is Rs 510.35 and the 52-week low is Rs 383.55.

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