WPIL Ltd

WPIL Ltd

₹ 457 1.49%
22 Jul - close price
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 Divisions
Core business has 3 divisions:

  • Market Cap 4,463 Cr.
  • Current Price 457
  • High / Low 494 / 276
  • Stock P/E 31.5
  • Book Value 77.8
  • Dividend Yield 0.88 %
  • ROCE 27.0 %
  • ROE 20.0 %
  • Face Value 1.00

Pros

  • Company has been maintaining a healthy dividend payout of 18.8%

Cons

  • 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
118 62 114 107 247 131 247 273 351 182 185 274 435
86 55 91 93 207 110 216 226 276 153 154 222 355
Operating Profit 32 8 23 14 40 21 31 47 76 29 31 52 80
OPM % 27% 12% 20% 13% 16% 16% 13% 17% 21% 16% 17% 19% 18%
-2 7 -1 2 7 4 0 23 6 6 6 12 6
Interest 2 2 2 2 3 2 3 3 4 4 4 5 4
Depreciation 1 1 1 1 2 1 1 1 1 2 2 2 2
Profit before tax 27 12 18 13 43 21 27 66 76 30 32 58 80
Tax % 24% 26% 26% 26% 26% 25% 26% 26% 23% 26% 26% 30% 30%
20 9 14 10 32 16 20 49 59 22 23 41 56
EPS in Rs 2.07 0.91 1.38 0.98 3.27 1.63 2.02 4.98 6.00 2.26 2.40 4.15 5.73
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
268 263 232 211 280 422 533 372 340 530 1,002 1,077
227 225 199 182 243 356 416 308 263 443 826 884
Operating Profit 41 38 33 29 37 66 117 64 77 87 176 193
OPM % 15% 14% 14% 14% 13% 16% 22% 17% 23% 16% 18% 18%
1 6 6 6 8 19 9 30 17 14 32 30
Interest 12 18 12 6 13 10 7 10 10 9 12 17
Depreciation 2 2 3 3 3 3 3 6 5 6 6 7
Profit before tax 27 24 24 26 29 71 116 77 79 86 190 199
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
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
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: 7%
Compounded Profit Growth
10 Years: 23%
5 Years: 14%
3 Years: 33%
TTM: -1%
Stock Price CAGR
10 Years: 28%
5 Years: 42%
3 Years: 65%
1 Year: 60%
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
Equity Capital 8 8 10 10 10 10 10 10 10 10 10 10
Reserves 76 91 205 220 244 289 357 408 460 514 647 750
108 99 17 79 76 62 30 72 9 43 44 137
107 118 75 79 109 190 246 244 200 331 481 606
Total Liabilities 299 316 307 388 439 550 643 733 679 899 1,182 1,504
28 33 33 32 48 47 46 55 51 48 88 100
CWIP 2 0 1 0 0 0 0 0 0 0 0 2
Investments 38 38 38 66 42 42 42 42 49 49 49 49
232 245 235 289 348 462 555 636 579 802 1,045 1,352
Total Assets 299 316 307 388 439 550 643 733 679 899 1,182 1,504

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

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
70.66% 70.69% 70.69% 70.69% 70.69% 70.79% 70.79% 70.79% 70.79% 70.79% 70.79% 70.79%
4.74% 5.19% 5.99% 6.32% 6.32% 6.32% 5.82% 5.81% 5.89% 5.85% 5.82% 5.81%
4.24% 4.26% 4.46% 4.31% 4.27% 4.27% 3.65% 2.84% 2.70% 2.68% 2.62% 2.62%
20.36% 19.86% 18.86% 18.68% 18.73% 18.61% 19.73% 20.56% 20.62% 20.67% 20.77% 20.78%
No. of Shareholders 9,5448,7978,5408,3928,1738,2069,21410,60611,51811,80812,80314,197

* 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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