Wendt India Ltd
Wendt India is a leading manufacturer of Super Abrasives, Machining Tools, and Precision Components. It is a preferred supplier for many of the automobile, auto component, engineering, aerospace, defense ceramics customers for their Super Abrasive Tooling solutions, Grinding & Honing Machines, and Precision components. [1] [2]
The company is JV between 3M (via Wendt GmbH) and Carborundum Universal (Murugappa Group). Both the companies hold 37.5% shares in the company. [3] [4]
- Market Cap ₹ 2,892 Cr.
- Current Price ₹ 14,499
- High / Low ₹ 17,057 / 10,401
- Stock P/E 75.6
- Book Value ₹ 960
- Dividend Yield 0.34 %
- ROCE 28.3 %
- ROE 21.2 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 23.1% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 37.7%
Cons
- Stock is trading at 15.1 times its book value
* 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: Abrasives And Grinding Wheels
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
90 | 96 | 107 | 118 | 130 | 130 | 143 | 123 | 121 | 160 | 194 | 209 | 207 | |
71 | 79 | 88 | 99 | 107 | 106 | 118 | 109 | 101 | 121 | 140 | 154 | 154 | |
Operating Profit | 18 | 17 | 19 | 19 | 22 | 23 | 25 | 14 | 20 | 39 | 54 | 54 | 52 |
OPM % | 20% | 17% | 18% | 16% | 17% | 18% | 18% | 11% | 16% | 24% | 28% | 26% | 25% |
1 | 5 | 7 | 5 | 4 | 4 | 4 | 8 | 6 | 6 | 7 | 7 | 7 | |
Interest | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 0 | 0 | 0 |
Depreciation | 4 | 5 | 8 | 8 | 10 | 10 | 10 | 9 | 8 | 8 | 8 | 8 | 8 |
Profit before tax | 15 | 16 | 18 | 15 | 16 | 17 | 19 | 12 | 17 | 36 | 52 | 52 | 51 |
Tax % | 34% | 28% | 16% | 31% | 25% | 26% | 29% | 21% | 22% | 25% | 24% | 25% | |
10 | 12 | 15 | 10 | 12 | 12 | 13 | 9 | 13 | 27 | 40 | 40 | 38 | |
EPS in Rs | 50.60 | 59.35 | 74.25 | 52.05 | 58.45 | 61.50 | 67.35 | 46.70 | 64.55 | 135.50 | 200.60 | 197.50 | 191.35 |
Dividend Payout % | 30% | 42% | 34% | 48% | 43% | 41% | 45% | 54% | 46% | 48% | 40% | 25% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 8% |
3 Years: | 20% |
TTM: | 5% |
Compounded Profit Growth | |
---|---|
10 Years: | 12% |
5 Years: | 23% |
3 Years: | 44% |
TTM: | -9% |
Stock Price CAGR | |
---|---|
10 Years: | 25% |
5 Years: | 46% |
3 Years: | 50% |
1 Year: | 11% |
Return on Equity | |
---|---|
10 Years: | 16% |
5 Years: | 18% |
3 Years: | 22% |
Last Year: | 21% |
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 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
Reserves | 74 | 80 | 88 | 95 | 100 | 107 | 113 | 118 | 124 | 142 | 167 | 190 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | |
28 | 32 | 32 | 34 | 31 | 37 | 49 | 43 | 37 | 39 | 38 | 42 | |
Total Liabilities | 104 | 114 | 122 | 132 | 134 | 146 | 163 | 163 | 164 | 184 | 208 | 234 |
48 | 52 | 54 | 55 | 59 | 54 | 52 | 51 | 54 | 52 | 55 | 57 | |
CWIP | 3 | 3 | 2 | 6 | 2 | 2 | 5 | 4 | 1 | 1 | 2 | 2 |
Investments | 15 | 17 | 19 | 14 | 15 | 22 | 36 | 35 | 37 | 62 | 68 | 71 |
39 | 42 | 47 | 57 | 58 | 67 | 70 | 72 | 72 | 69 | 83 | 104 | |
Total Assets | 104 | 114 | 122 | 132 | 134 | 146 | 163 | 163 | 164 | 184 | 208 | 234 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
13 | 13 | 14 | 9 | 16 | 21 | 29 | 10 | 6 | 34 | 31 | 27 | |
-10 | -8 | -8 | -4 | -11 | -12 | -21 | -8 | 1 | -26 | -16 | -8 | |
-6 | -6 | -6 | -6 | -6 | -6 | -7 | -3 | -6 | -8 | -16 | -16 | |
Net Cash Flow | -2 | -0 | 0 | -1 | -1 | 3 | 1 | -1 | 0 | 0 | -1 | 3 |
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 | 78 | 77 | 72 | 90 | 81 | 95 | 70 | 69 | 99 | 75 | 71 | 90 |
Inventory Days | 162 | 164 | 170 | 165 | 155 | 166 | 193 | 249 | 197 | 186 | 191 | 179 |
Days Payable | 162 | 169 | 159 | 169 | 105 | 154 | 199 | 193 | 193 | 156 | 135 | 125 |
Cash Conversion Cycle | 78 | 73 | 82 | 86 | 132 | 107 | 64 | 125 | 104 | 105 | 127 | 144 |
Working Capital Days | 54 | 56 | 62 | 77 | 79 | 71 | 30 | 45 | 81 | 55 | 80 | 89 |
ROCE % | 21% | 21% | 21% | 17% | 16% | 16% | 17% | 9% | 14% | 26% | 33% | 28% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 23 Aug
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 24 Jul
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 23 Jul
- Shareholder Meeting / Postal Ballot-Outcome of AGM 22 Jul
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
22 Jul - Enclosed copy of the press release dated 22nd July 2024.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Financial Year 2010
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Customers
The co. gets ~30% of its revenue from automotive companies. [1] The co. has 750+ direct customers in the domestic market. [2] It supplies to industries including automobile, auto components, engineering, aerospace, and defense ceramics. [3]