Walchandnagar Industries Ltd
NSE: WALCHANNAG BSE: 507410
Incorporated in 1908, Walchandnagar Industries Ltd is in the Heavy engineering and Foundry & Machine Shop business[1]
₹236
52W: ₹131 — ₹278
PE 0 · Book ₹51.3 · +360% vs bookMarket Cap₹1,601 Cr
Stock P/E—Price to Earnings
ROCE8.33%Return on Capital
ROE25.3%Return on Equity
Div. Yield0%Face Value ₹2
Strengths
- +Debtor days have improved from 164 to 98.5 days.
Weaknesses
- −Stock is trading at 4.35 times its book value
- −Company has low interest coverage ratio.
- −The company has delivered a poor sales growth of -2.76% over past five years.
- −Promoter holding is low: 31.6%
- −Company has a low return on equity of -25.4% over last 3 years.
- −Promoters have pledged 49.2% of their holding.
- −Company's cost of borrowing seems high
- −Promoter holding has decreased over last 3 years: -3.28%
Shareholding Pattern
Promoters31.59%
FIIs0.47%
DIIs0.78%
Public67.14%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 31.55% | 31.55% | 31.53%▼0.0 | 31.76%▲0.2 | 31.76% | 31.59%▼0.2 | 31.59% | 31.59% |
| FIIs | 0.35% | 0.31%▼0.0 | 0.52%▲0.2 | 0.64%▲0.1 | 0.36%▼0.3 | 0.38%▲0.0 | 0.46%▲0.1 | 0.47%▲0.0 |
| DIIs | 0.15% | 0.28%▲0.1 | 0.15%▼0.1 | 0.14%▼0.0 | 0.7%▲0.6 | 0.8%▲0.1 | 0.8% | 0.78%▼0.0 |
| Public | 67.92% | 67.84%▼0.1 | 67.78%▼0.1 | 67.42%▼0.4 | 67.14%▼0.3 | 67.2%▲0.1 | 67.12%▼0.1 | 67.14%▲0.0 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 87.92 | 55.86 | 91.38 | 79.17 | 67.86 | 59.07 | 53.08 | 49.43 | 51.78 | 80.95 |
| Expenses | 82.82 | 63.84 | 86.12 | 91.99 | 73.96 | 64.75 | 100.18 | 51.8 | 54.81 | 65.65 |
| Operating Profit | 5.1 | -7.98 | 5.26 | -12.82 | -6.1 | -5.68 | -47.1 | -2.37 | -3.03 | 15.3 |
| OPM % | 5.8% | -14.29% | 5.76% | -16.19% | -8.99% | -9.62% | -88.73% | -4.79% | -5.85% | 18.9% |
| Net Profit | -8.14 | -18.66 | -3.6 | -1.73 | -11.03 | -17.13 | -56.12 | -10.39 | -11.9 | 4.66 |
| EPS ₹ | -1.77 | -4.06 | -0.65 | -0.31 | -1.99 | -3.09 | -8.32 | -1.53 | -1.75 | 0.69 |
AI Insights
Revenue Trend
TTM revenue at ₹235Cr, down 9.3% YoY. OPM at -16%.
Debt Position
Borrowings at ₹194Cr. Debt-to-equity ratio: 0.58x. Moderate leverage.
Capex Cycle
CWIP at ₹28Cr (11% of fixed assets). Moderate ongoing capital expenditure.
Institutional Flow
DIIs: 0.78% (+0.60pp change). FIIs: 0.47% (+0.28pp change). Promoters hold 31.59%.
Margin & Efficiency
ROCE declining from -4% (Sep 2013) to -8% (Mar 2025). Working capital days: -36.
Recent Announcements
- Statement Of Deviation Or Variation In The Use Of Proceeds Raised Through Preferential Issue 2d - Quarter ended March 31, 2026: no deviation in preferential issue proceeds use.
- Announcement under Regulation 30 (LODR)-Monitoring Agency Report 2d - ICRA monitoring report for Q4 FY2026 shows no deviation in preferential issue proceeds.
- Announcement under Regulation 30 (LODR)-Change in Registered Office Address 14 May - Registered office shifted from Mumbai to Pune, approved by Regional Director and MCA on May 13, 2026.
- Board Meeting Intimation for Board Meeting Of The Company To Be Held On May 20, 2026. 12 May - Board meeting on May 20, 2026 to approve audited FY26 financial results and segment-wise results.
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 30 Apr - Walchandnagar Industries confirms it is not a Large Corporate as on March 31, 2026.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse