WPIL Ltd

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

WPIL Ltd

₹ 578 1.12%
21 Nov - 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 ₹ 5,641 Cr.
  • Current Price ₹ 578
  • High / Low ₹ 648 / 299
  • Stock P/E 28.6
  • Book Value ₹ 138
  • Dividend Yield 0.69 %
  • ROCE 20.4 %
  • ROE 46.2 %
  • Face Value ₹ 1.00
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Pros

  • Company has delivered good profit growth of 30.4% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 32.6%

Cons

  • Earnings include an other income of Rs.532 Cr.
  • Company has high debtors of 160 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 Allcap BSE Industrials BSE SmallCap

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
287 247 423 299 404 455 520 324 319 431 591 363 491
227 213 331 248 355 368 418 264 252 361 489 302 387
Operating Profit 60 34 92 52 49 88 102 59 67 70 102 60 104
OPM % 21% 14% 22% 17% 12% 19% 20% 18% 21% 16% 17% 17% 21%
-4 1 7 3 4 30 18 8 7 504 4 13 10
Interest 5 6 4 5 6 6 7 7 7 9 7 8 9
Depreciation 9 9 10 9 8 7 7 7 7 8 8 8 8
Profit before tax 41 20 84 40 39 104 105 53 59 557 92 59 98
Tax % 27% 26% 28% 25% 33% 20% 25% 24% 28% 4% 28% 26% 28%
30 15 61 30 26 84 79 40 43 535 66 43 70
EPS in Rs 2.44 1.34 5.04 2.51 2.39 7.14 7.32 3.25 3.53 35.30 6.53 3.96 6.17
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
508 509 482 730 708 845 1,156 909 995 1,181 1,605 1,664 1,876
438 428 417 680 658 748 922 790 838 971 1,337 1,366 1,539
Operating Profit 70 82 65 49 50 97 234 119 157 210 268 298 337
OPM % 14% 16% 13% 7% 7% 11% 20% 13% 16% 18% 17% 18% 18%
24 2 2 10 9 17 21 16 32 10 68 524 532
Interest 19 23 29 27 27 22 13 21 22 20 24 31 33
Depreciation 7 7 7 27 22 22 19 37 37 37 28 30 31
Profit before tax 68 54 31 5 10 69 223 77 129 163 284 762 805
Tax % 20% 28% 40% 174% 118% 48% 29% 30% 24% 28% 23% 10%
55 39 19 -4 -2 36 157 54 99 118 220 684 714
EPS in Rs 5.14 3.79 1.89 0.10 0.73 4.10 12.87 5.75 8.62 9.96 19.36 48.62 51.96
Dividend Payout % 4% 5% 11% 193% 28% 10% 6% 13% 12% 10% 10% 8%
Compounded Sales Growth
10 Years: 13%
5 Years: 8%
3 Years: 19%
TTM: 16%
Compounded Profit Growth
10 Years: 32%
5 Years: 30%
3 Years: 78%
TTM: 10%
Stock Price CAGR
10 Years: 27%
5 Years: 54%
3 Years: 83%
1 Year: 85%
Return on Equity
10 Years: 23%
5 Years: 28%
3 Years: 33%
Last Year: 46%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 103 128 238 236 249 284 397 444 533 625 800 1,236 1,340
191 195 103 268 273 173 138 377 312 317 258 220 403
181 189 136 306 268 521 498 572 660 855 1,134 1,162 1,075
Total Liabilities 483 520 487 819 799 988 1,044 1,403 1,514 1,806 2,202 2,628 2,828
137 153 141 207 180 182 176 449 429 421 467 439 470
CWIP 2 0 1 1 2 0 1 1 1 9 9 14 18
Investments 0 0 0 0 14 13 14 13 16 17 20 25 28
344 367 345 611 603 792 853 939 1,070 1,359 1,706 2,150 2,312
Total Assets 483 520 487 819 799 988 1,044 1,403 1,514 1,806 2,202 2,628 2,828

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
41 38 26 -97 63 182 141 55 230 115 187 -90
-98 -12 -4 -91 3 -50 -34 -296 -38 -49 -109 517
62 -19 -10 193 -72 -124 -53 199 -143 -35 -102 -88
Net Cash Flow 5 6 12 5 -7 7 53 -42 49 30 -24 339

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 159 170 171 165 156 153 92 129 120 132 124 160
Inventory Days 95 107 70 241 209 177 138 240 218 383 360 389
Days Payable 115 146 97 144 161 176 151 208 217 501 497 482
Cash Conversion Cycle 139 131 143 261 204 154 79 160 120 14 -12 67
Working Capital Days 104 112 141 161 129 66 52 106 88 86 77 103
ROCE % 32% 22% 16% 7% 7% 18% 45% 14% 17% 19% 24% 20%

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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