Walchandnagar Industries Ltd

Walchan. Inds. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Walchandnagar Industries Ltd

₹ 343 5.00%
24 Jul - close price
walchand.com BSE: 507410 NSE: WALCHANNAG
About

Walchandnagar Industries Ltd is a Heavy Engineering and Project execution company and has diversified business offerings across core sectors with focus on EPC / Turnkey Projects, Hi Tech Manufacturing, Engineering Products and Engineering Services.
[1]

Key Points

Business
The Company undertakes projects and supplies machinery and equipment in the field of Nuclear Power, Aerospace, Missile, Defence, Oil & Gas, Steam generation plants, Independent power projects, Turnkey Cement and Sugar plants. [1]

Website BSE NSE
  • Market Cap ₹ 1,899 Cr.
  • Current Price ₹ 343
  • High / Low ₹ 382 / 93.0
  • Stock P/E
  • Book Value ₹ 56.8
  • Dividend Yield 0.00 %
  • ROCE 0.31 %
  • ROE -16.6 %
  • Face Value ₹ 2.00
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Pros

Cons

  • Stock is trading at 6.04 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -3.65% over past five years.
  • Promoter holding is low: 31.6%
  • Company has a low return on equity of -28.0% over last 3 years.
  • Promoters have pledged 63.2% of their holding.
  • Earnings include an other income of Rs.21.1 Cr.
  • Company has high debtors of 185 days.
  • Company's cost of borrowing seems high
  • Promoter holding has decreased over last 3 years: -23.4%

* 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: Capital Goods-Non Electrical Equipment Industry: Engineering

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Quarterly Results

Figures in Rs. Crores

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
81.31 50.83 71.00 81.70 95.66 64.82 72.19 72.98 112.10 67.19 87.92 55.86 91.38
79.26 53.39 63.82 75.32 84.55 69.36 70.45 70.85 146.06 69.44 82.82 63.84 86.12
Operating Profit 2.05 -2.56 7.18 6.38 11.11 -4.54 1.74 2.13 -33.96 -2.25 5.10 -7.98 5.26
OPM % 2.52% -5.04% 10.11% 7.81% 11.61% -7.00% 2.41% 2.92% -30.29% -3.35% 5.80% -14.29% 5.76%
7.60 2.99 17.11 6.63 5.96 4.97 3.24 11.14 108.30 7.35 3.84 6.74 4.23
Interest 19.36 16.67 17.82 17.69 18.44 11.94 15.41 14.07 13.35 12.27 12.78 13.24 11.01
Depreciation 5.77 5.70 5.62 5.59 5.34 4.69 4.72 4.71 4.55 4.24 4.30 4.18 2.08
Profit before tax -15.48 -21.94 0.85 -10.27 -6.71 -16.20 -15.15 -5.51 56.44 -11.41 -8.14 -18.66 -3.60
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-15.48 -21.94 0.85 -10.27 -6.71 -16.20 -15.15 -5.51 56.44 -11.41 -8.14 -18.66 -3.60
EPS in Rs -4.07 -5.76 0.22 -2.70 -1.76 -4.26 -3.98 -1.20 12.28 -2.48 -1.77 -4.06 -0.65
Raw PDF

Profit & Loss

Figures in Rs. Crores

Sep 2012 Sep 2013 Sep 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
881 727 638 802 398 398 364 298 326 299 322 302
823 749 623 741 350 323 282 263 305 276 356 301
Operating Profit 58 -23 16 61 48 76 82 35 20 23 -34 1
OPM % 7% -3% 2% 8% 12% 19% 22% 12% 6% 8% -11% 0%
8 47 32 -5 4 9 25 10 25 33 128 21
Interest 32 42 49 91 70 77 82 88 79 71 55 50
Depreciation 18 18 17 34 36 33 27 23 23 22 19 15
Profit before tax 17 -36 -19 -69 -54 -26 -2 -65 -57 -38 20 -42
Tax % 28% 7% -33% 5% 47% 0% 0% 0% 0% 0% 0% 0%
12 -38 -12 -72 -80 -26 -2 -65 -57 -38 20 -42
EPS in Rs 3.19 -10.06 -3.25 -18.83 -20.89 -6.78 -0.56 -17.19 -15.04 -10.00 4.26 -7.55
Dividend Payout % 31% -4% -12% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -8%
5 Years: -4%
3 Years: -2%
TTM: -6%
Compounded Profit Growth
10 Years: 3%
5 Years: %
3 Years: 6%
TTM: 45%
Stock Price CAGR
10 Years: 13%
5 Years: 36%
3 Years: 70%
1 Year: 261%
Return on Equity
10 Years: -14%
5 Years: -25%
3 Years: -28%
Last Year: -17%

Balance Sheet

Figures in Rs. Crores

Sep 2012 Sep 2013 Sep 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 8 8 8 8 8 8 8 8 8 8 9 11
Reserves 393 699 663 554 357 331 328 261 204 169 251 303
207 261 350 405 431 434 454 405 411 448 293 241
646 619 594 432 414 381 377 372 335 309 275 321
Total Liabilities 1,254 1,586 1,615 1,398 1,209 1,155 1,166 1,046 958 934 828 876
301 638 617 560 390 364 357 346 333 312 285 272
CWIP 23 20 4 1 1 2 5 9 4 4 2 1
Investments 20 31 25 0 5 3 3 0 0 0 0 0
909 896 969 837 813 786 801 692 622 617 541 602
Total Assets 1,254 1,586 1,615 1,398 1,209 1,155 1,166 1,046 958 934 828 876

Cash Flows

Figures in Rs. Crores

Sep 2012 Sep 2013 Sep 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-16 -38 -38 0 63 50 146 59 71 28 76 11
-10 27 31 15 -10 3 -49 39 -8 26 8 4
15 5 41 -37 -66 -55 -78 -121 -64 -54 -85 39
Net Cash Flow -11 -6 35 -22 -14 -2 18 -24 -0 0 -1 54

Ratios

Figures in Rs. Crores

Sep 2012 Sep 2013 Sep 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 182 210 231 180 330 339 231 243 235 269 210 185
Inventory Days 229 241 394 266 410 384 640 1,030 378 475 279 380
Days Payable 187 249 255 94 186 214 311 383 174 234 170 201
Cash Conversion Cycle 224 201 371 353 554 508 560 891 439 509 319 363
Working Capital Days 148 142 208 169 350 325 195 319 328 373 273 291
ROCE % 9% -4% 0% 3% 2% 6% 10% 4% 3% 2% -5% 0%

Shareholding Pattern

Numbers in percentages

2 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
40.01% 30.02% 30.02% 30.02% 30.02% 34.94% 34.87% 34.87% 34.87% 34.84% 31.55% 31.55%
0.00% 0.10% 0.42% 0.35% 0.14% 0.22% 0.22% 0.19% 0.03% 0.33% 0.28% 0.35%
0.23% 0.23% 0.23% 0.22% 0.22% 0.18% 0.18% 0.18% 0.18% 0.18% 0.23% 0.15%
0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.02% 0.02%
59.73% 69.62% 69.30% 69.38% 69.59% 64.62% 64.69% 64.73% 64.88% 64.63% 67.91% 67.92%
No. of Shareholders 62,82667,04264,04660,93559,66456,41055,55055,34557,97355,72557,59359,811

* 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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