WPIL Ltd

WPIL Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

WPIL Ltd

₹ 682 -0.58%
15 Jan - close price
wpil.co.in BSE: 505872
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 Segments
1) 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]

Website BSE
  • Market Cap ₹ 6,665 Cr.
  • Current Price ₹ 682
  • High / Low ₹ 768 / 299
  • Stock P/E 38.3
  • Book Value ₹ 83.8
  • Dividend Yield 0.59 %
  • ROCE 27.0 %
  • ROE 20.0 %
  • Face Value ₹ 1.00
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Pros

  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 18.8%

Cons

  • Stock is trading at 8.15 times its book value
  • Company has high debtors of 206 days.
  • Working capital days have increased from 71.7 days to 107 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Infrastructure Developers & Operators Industry: Engineering - Turnkey Services

Part of BSE Industrials BSE SmallCap BSE Allcap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
114 107 247 131 247 273 351 182 185 274 435 239 330
91 93 207 110 216 226 276 153 154 222 355 199 266
Operating Profit 23 14 40 21 31 47 76 29 31 52 80 40 63
OPM % 20% 13% 16% 16% 13% 17% 21% 16% 17% 19% 18% 17% 19%
-1 2 7 4 0 23 6 6 6 12 6 8 8
Interest 2 2 3 2 3 3 4 4 4 5 4 6 7
Depreciation 1 1 2 1 1 1 1 2 2 2 2 2 2
Profit before tax 18 13 43 21 27 66 76 30 32 58 80 41 63
Tax % 26% 26% 26% 25% 26% 26% 23% 26% 26% 30% 30% 25% 26%
14 10 32 16 20 49 59 22 23 41 56 31 47
EPS in Rs 1.38 0.98 3.27 1.63 2.02 4.98 6.00 2.26 2.40 4.15 5.73 3.16 4.77
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
268 263 232 211 280 422 533 372 340 530 1,002 1,077 1,279
227 225 199 182 243 356 416 308 263 443 826 884 1,043
Operating Profit 41 38 33 29 37 66 117 64 77 87 176 193 236
OPM % 15% 14% 14% 14% 13% 16% 22% 17% 23% 16% 18% 18% 18%
1 6 6 6 8 19 9 30 17 14 32 30 35
Interest 12 18 12 6 13 10 7 10 10 9 12 17 22
Depreciation 2 2 3 3 3 3 3 6 5 6 6 7 7
Profit before tax 27 24 24 26 29 71 116 77 79 86 190 199 242
Tax % 31% 29% 29% 33% 30% 33% 37% 24% 25% 26% 25% 29%
19 17 17 17 20 48 73 59 60 64 143 142 174
EPS in Rs 2.35 2.15 1.72 1.76 2.08 4.87 7.52 6.06 6.11 6.54 14.64 14.54 17.81
Dividend Payout % 8% 9% 12% 11% 10% 8% 10% 12% 16% 15% 14% 28%
Compounded Sales Growth
10 Years: 15%
5 Years: 15%
3 Years: 47%
TTM: 29%
Compounded Profit Growth
10 Years: 23%
5 Years: 14%
3 Years: 33%
TTM: 14%
Stock Price CAGR
10 Years: 27%
5 Years: 59%
3 Years: 92%
1 Year: 69%
Return on Equity
10 Years: 17%
5 Years: 18%
3 Years: 19%
Last Year: 20%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 8 8 10 10 10 10 10 10 10 10 10 10 10
Reserves 76 91 205 220 244 289 357 408 460 514 647 750 808
108 99 17 79 76 62 30 72 9 43 44 137 252
107 118 75 79 109 190 246 244 200 331 481 606 550
Total Liabilities 299 316 307 388 439 550 643 733 679 899 1,182 1,504 1,621
28 33 33 32 48 47 46 55 51 48 88 100 111
CWIP 2 0 1 0 0 0 0 0 0 0 0 2 6
Investments 38 38 38 66 42 42 42 42 49 49 49 49 49
232 245 235 289 348 462 555 636 579 802 1,045 1,352 1,454
Total Assets 299 316 307 388 439 550 643 733 679 899 1,182 1,504 1,621

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
18 27 -8 -23 19 46 108 13 90 53 64 -56
-32 -3 -0 -30 4 -19 -64 -32 -7 -33 -57 20
14 -25 8 53 -23 -26 -44 21 -84 9 -21 37
Net Cash Flow 1 -1 0 0 -0 0 -0 3 -2 28 -14 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 237 252 266 300 233 186 129 166 165 185 131 206
Inventory Days 55 56 28 40 46 50 62 141 121 224 290 401
Days Payable 138 203 134 171 188 164 147 207 152 800 1,047 1,045
Cash Conversion Cycle 154 105 160 170 91 72 43 100 134 -392 -625 -438
Working Capital Days 137 165 237 357 162 102 41 94 99 60 48 107
ROCE % 23% 21% 17% 12% 13% 24% 32% 20% 18% 19% 32% 27%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
70.69% 70.69% 70.69% 70.69% 70.79% 70.79% 70.79% 70.79% 70.79% 70.79% 70.79% 70.79%
5.19% 5.99% 6.32% 6.32% 6.32% 5.82% 5.81% 5.89% 5.85% 5.82% 5.81% 5.68%
4.26% 4.46% 4.31% 4.27% 4.27% 3.65% 2.84% 2.70% 2.68% 2.62% 2.62% 2.61%
19.86% 18.86% 18.68% 18.73% 18.61% 19.73% 20.56% 20.62% 20.67% 20.77% 20.78% 20.92%
No. of Shareholders 8,7978,5408,3928,1738,2069,21410,60611,51811,80812,80314,19723,846

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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