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Swing Capital

Wendt India Ltd

NSE: WENDT BSE: 505412Auto

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]

₹6,786
52W: ₹5842 — ₹13000
PE 59.7 · Book ₹1169 · +480% vs book
Market Cap₹1,359 Cr
Stock P/E59.7Price to Earnings
ROCE13.4%Return on Capital
ROE10%Return on Equity
Div. Yield0.74%Face Value ₹10

Strengths

  • +Company has reduced debt.
  • +Company is almost debt free.
  • +Company has been maintaining a healthy dividend payout of 25.9%

Weaknesses

  • −The company has delivered a poor sales growth of 11.6% over past five years.
  • −Promoter holding has decreased over last 3 years: -37.5%
  • −Working capital days have increased from 120 days to 175 days

Shareholding Pattern

Promoters37.5%
FIIs1%
DIIs12.76%
Public48.74%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters75%75%75%75%37.5%▼37.537.5%37.5%37.5%
FIIs0.04%0.04%0.04%0.09%▲0.02.35%▲2.31.81%▼0.51.13%▼0.71%▼0.1
DIIs6.78%6.73%▼0.06.72%▼0.06.71%▼0.09.17%▲2.59.63%▲0.59.83%▲0.212.76%▲2.9
Public18.16%18.23%▲0.118.24%▲0.018.19%▼0.051%▲32.851.06%▲0.151.55%▲0.548.74%▼2.8

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales49.9765.5944.4551.2148.7270.4947.1250.3853.9857.83
Expenses37.2548.434.1738.8638.0852.6438.74243.8544.92
Operating Profit12.7217.1910.2812.3510.6417.858.428.3810.1312.91
OPM %25.46%26.21%23.13%24.12%21.84%25.32%17.87%16.63%18.77%22.32%
Net Profit9.1513.097.4510.57.8712.474.954.555.797.46
EPS ₹45.7565.4537.2552.539.3562.3524.7522.7528.9537.3

AI Insights

Revenue Trend

Mar 2026 revenue at ₹209Cr, down 2.8% YoY. OPM at 19%.

Debt Position

Borrowings at ₹0Cr. Debt-to-equity ratio: 0.00x. Healthy balance sheet.

Capex Cycle

CWIP at ₹3Cr (3% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 12.76% (+5.90pp change). FIIs: 1% (+0.97pp change). Promoters hold 37.5%.

Margin & Efficiency

ROCE declining from 21% (Mar 2015) to 13% (Mar 2026). Working capital days: 175.

Valuation

PE 59.7x with 13.4% ROCE. Price is 480% above book value of ₹1,169. Dividend yield: 0.74%.

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