Table of Contents

Walchandnagar Industries Ltd

Updated on May 8, 2025

Stock/Share Code - WALCHANNAG

Walchandnagar Industries is engaged in business offerings across core sectors with focus on EPC / Turnkey Projects, Hi Tech Manufacturing, Engineering Products and Engineering Services.

Below is the details of WALCHANNAG Walchandnagar Industries Ltd

Market Cap	₹222.9 Cr.
Current Price	₹56.9 as on 23 Mar 23
52 Week High / Low Price	₹81.4 / ₹22.15
Face Value	₹2
Stock P/E
Book Value	₹70.68
Dividend Yield	0.00 %
ROCE	4.35 %
ROE	-18.50 %
Sales Growth (3yrs)	-9.18 %
Sector	Capital Goods-Non Electrical Equipment
Industry	Engineering
Listed on	BSE AND NSE
Company Website	Company Website

Pros: Stock is trading at 0.83 times its book value

Cons: Company has low interest coverage ratio. The company has delivered a poor growth of -14.13% over past five years. Company has a low return on equity of -8.48% for last 3 years. Contingent liabilities of Rs.515.23 Cr. Promoters have pledged 98.15% of their holding. Company has high debtors of 243.30 days. Company's cost of borrowing seems high

Walchandnagar Industries Ltd Price Chart

Walchandnagar Industries Ltd Peer Comparison in Capital Goods-Non Electrical Equipment

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Qtr Sales Var %	Sales Qtr Rs.Cr.	ROCE %
1.	Hind.Aeronautics		11.01	₹30,969.3 Cr.	3.59	₹1,250.71 Cr.	0.91	1.67	10323.00	24.82
2.		67.78	₹9,111.29 Cr.	0.92	-₹15.27 Cr.	-124.33	-52.25	664.94	11.79
3.	GMM Pfaudler		112.56	₹8,174.91 Cr.	0.09	₹19.19 Cr.	8.48	2.77	154.43	29.96
4.	Bharat Dynamics		18.55	₹7,257.94 Cr.	1.58	-₹78.04 Cr.	-219.05	-93.60	31.45	30.55
5.		99.73	₹2,781.55 Cr.	0.37	-₹134 Cr.	-36.44	-32.68	390.45	2.32
6.	ISGEC Heavy		11.74	₹1,876.47 Cr.	0.78	₹41.7 Cr.	47.45	-12.19	1048.86	11.04
7.	HLE Glascoat		47.19	₹1,742.4 Cr.	0.33	₹6.21 Cr.	-16.98	-16.38	69.84	55.31
8.	Walchan. Inds.			₹222.9 Cr.	0.00	-₹22.52 Cr.	-9.91	-23.83	47.83	4.35

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Walchandnagar Industries Ltd Fundamentals

Quarterly Results

Quarterly reports are issued by companies every three months. Most companies have a financial year-end of Mar. 31 and quarters that end on June 30, Sept. 30, Dec. 31 and March 31.

Standalone Figures in Rs. Crores

	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020
Sales -	76	116	118	66	104	95	98	63	100	75	60	48
YOY Sales Growth %	-22.90%	16.45%	-3.60%	-24.54%	37.07%	-18.25%	-16.81%	-5.14%	-4.11%	-21.48%	-38.54%	-23.83%
Expenses -	66	96	90	50	88	71	84	60	73	67	65	47
Material Cost %	45.20%	49.28%	42.88%	13.72%	45.65%	27.57%	47.51%	39.39%	22.88%	31.25%	43.34%	32.39%
Employee Cost %	23.87%	17.15%	17.73%	32.39%	20.74%	23.43%	20.76%	32.15%	19.69%	28.13%	37.63%	42.07%
Operating Profit	10	20	28	16	17	24	14	3	27	8	-4	1
OPM %	14%	17%	24%	25%	16%	25%	14%	5%	27%	11%	-7%	1%
Other Income	4	1	1	10	11	5	8	5	3	-5	8	1
Interest	19	19	19	19	19	20	22	22	23	21	20	19
Depreciation	8	8	8	7	7	7	6	6	6	6	5	5
Profit before tax	-13	-7	2	0	2	2	-6	-20	1	-24	-22	-23
Tax %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Net Profit	-13	-7	2	0	2	2	-6	-20	1	-24	-22	-23
EPS in Rs	-3.39	-1.72	0.55	0.02	0.57	0.51	-1.66	-5.38	0.28	-6.28	-5.82	-5.91
	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes

Profit & Loss

The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs and expenses incurred during a specified period, usually a fiscal quarter or year. The P&L statement is synonymous with the income statement. These records provide information about a company's ability or inability to generate profit" by increasing revenue, reducing costs or both. Some refer to the P&L statement as a statement of profit and loss, income statement, statement of operations, statement of financial results or income, earnings statement or expense statement.

Standalone Figures in Rs. Crores

	Sep 2008	Sep 2009	Sep 2010	Sep 2011	Sep 2012	Sep 2013	Sep 2014	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	TTM
Sales -	696	513	672	958	881	727	638	802	398	398	364	298	283
Sales Growth %	10.04%	-26.35%	31.17%	42.43%	-7.96%	-17.58%	-12.15%	25.68%	-50.39%	0.13%	-8.62%	-18.13%
Expenses -	624	467	649	914	823	750	623	752	350	323	282	263	252
Material Cost %	63.79%	54.03%	57.58%	54.49%	56.79%	54.81%	46.18%	47.67%	43.04%	40.86%	30.50%	27.93%
Manufacturing Cost %	9.55%	17.50%	21.06%	22.66%	19.20%	25.44%	28.32%	19.74%	14.54%	14.26%	18.27%	16.66%
Employee Cost %	7.31%	10.61%	9.39%	8.19%	10.63%	13.28%	14.48%	16.93%	20.69%	19.51%	23.19%	28.07%
Other Cost %	8.97%	8.98%	8.51%	10.15%	6.80%	9.67%	8.58%	9.45%	9.67%	6.38%	5.64%	15.73%
Operating Profit	72	46	23	43	58	-23	16	50	48	76	82	35	31
OPM %	10%	9%	3%	5%	7%	-3%	2%	6%	12%	19%	22%	12%	11%
Other Income	4	12	21	7	9	47	32	6	4	9	25	11	7
Interest	9	12	9	17	32	42	49	91	70	77	82	88	83
Depreciation	7	11	13	16	18	18	17	34	36	33	27	23	22
Profit before tax	60	35	22	17	17	-36	-19	-69	-54	-26	-2	-65	-67
Tax %	34%	34%	-2%	25%	28%	-7%	33%	-5%	-47%	0%	0%	0%
Net Profit	40	23	22	13	12	-38	-12	-72	-80	-26	-2	-65	-67
EPS in Rs	10.28	5.98	5.69	3.20	3.02	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-17.73
Dividend Payout %	10%	16%	17%	30%	31%	-4%	-12%	0%	0%	0%	0%	0%

Compounded Sales Growth

10 Years:: -5.28%
5 Years:: -14.13%
3 Years:: -9.18%
TTM:: -21.51%

Compounded Profit Growth

5 Years:: -8.69%
3 Years:: 9.08%
TTM:: -154.19%

Return on Equity

10 Years:: -12.33%
5 Years:: -15.57%
3 Years:: -26.28%
1 Year:: 5.97%

Balance Sheet

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure. It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders. It is used alongside other important financial statements such as the income statement and statement of cash flows in conducting fundamental analysis or calculating financial ratios.

Standalone Figures in Rs. Crores

	Sep 2008	Sep 2009	Sep 2010	Sep 2011	Sep 2012	Sep 2013	Sep 2014	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020
Share Capital -	8	8	8	8	8	8	8	8	8	8	8	8
Equity Capital	7.61	7.61	7.61	7.61	7.61	7.61	7.61	7.61	7.61	7.61	7.61	7.61
Reserves	414	420	403	399	393	699	663	554	357	331	328	261
Borrowings	88	125	104	156	207	261	350	405	431	434	454	405
Other Liabilities -	401	426	656	690	646	619	594	432	414	381	377	372
Trade Payables	206	173	256	252	257	272	206	99	87	95	95	87
Advance from Customers	134	193	345	108	199	204	206	186	137	131	156	124
Other liability items	61	60	55	330	190	143	183	147	190	155	127	161
Total Liabilities	911	978	1,171	1,252	1,254	1,586	1,615	1,398	1,209	1,155	1,166	1,046
Fixed Assets -	297	291	281	294	301	638	617	560	390	364	357	346
Gross Block	557	574	591	631	667	1,029	1,048	1,056	426	432	451	462
Accumulated Depreciation	259	283	309	337	366	391	430	496	36	67	94	116
CWIP	22	52	59	44	23	20	4	1	1	2	5	9
Investments	42	46	47	19	20	31	25	0	5	3	3	0
Other Assets -	550	588	784	895	909	896	969	837	813	786	801	692
Inventories	120	172	223	290	314	263	318	279	192	171	195	235
Trade receivables	338	266	357	398	439	417	405	396	360	370	230	199
Cash Equivalents	10	41	35	30	19	12	47	25	18	32	90	43
Loans n Advances	82	109	169	174	137	183	171	105	193	134	106	109
Other asset items	-2	-0	-0	4	1	22	29	32	49	79	180	106
Total Assets	911	978	1,171	1,252	1,254	1,586	1,615	1,398	1,209	1,155	1,166	1,046

Cash Flows

Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow.

Standalone Figures in Rs. Crores

	Sep 2008	Sep 2009	Sep 2010	Sep 2011	Sep 2012	Sep 2013	Sep 2014	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020
Cash from Operating Activity -	-43	51	37	-42	-16	-38	-38	0	63	50	146	59
Profit from operations	71	46	30	43	64	-20	20	64	59	77	80	63
Receivables	-182	43	-170	-49	-9	-31	-8	74	-19	-13	72	53
Inventory	-8	-51	-51	-67	-25	52	-12	39	28	21	-24	-40
Payables	100	25	236	35	-42	-26	-15	-165	10	8	-0	-7
Other WC items	0	0	0	0	0	0	0	0	-16	-48	14	-10
Working capital changes	-90	17	15	-81	-75	-6	-35	-51	2	-31	62	-4
Direct taxes	-23	-12	-8	-5	-4	-13	-23	-12	2	3	4	0
Cash from Investing Activity -	-74	-45	-11	6	-10	27	31	15	-10	3	-49	39
Fixed assets purchased	-39.92	-47.93	-23.46	-26.71	-16.07	-5.39	-4.50	-9.90	-3.42	-7.54	-12.24	-15.07
Fixed assets sold	0.36	0.10	0.23	0.14	0.34	0.41	3.48	0.26	0.02	0.44	0.19	0.37
Investments purchased	-36.42	-4.45	-0.53	0.00	-1.25	-12.16	-11.24	0.00	-3.21	0.00	-0.12	0.00
Investments sold	0.00	0.00	0.00	28.12	0.00	41.45	42.96	24.26	0.00	1.94	0.30	3.01
Interest received	0.59	4.58	10.00	1.68	4.95	0.65	0.37	0.35	1.46	5.07	2.24	3.98
Dividends received	1.27	2.49	2.63	2.59	2.18	1.74	0.30	0.22	0.01	0.02	0.01	0.01
Other investing items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.03	-4.50	3.42	-39.60	46.73
Cash from Financing Activity -	100	25	-33	32	15	5	41	-37	-66	-55	-78	-121
Proceeds from shares	1	0	0	0	0	0	0	0	0	0	0	0
Proceeds from borrowings	62	37	0	52	0	71	75	35	61	196	31	5
Repayment of borrowings	0	0	-21	0	0	-22	-0	-6	-58	-175	-46	-54
Interest paid fin	-5	-4	-7	-15	-30	-40	-46	-90	-70	-76	-63	-72
Dividends paid	-3	-7	-4	-4	-4	-4	-2	-2	0	0	0	0
Other financing items	45	-0	0	0	50	0	14	25	0	0	0	0
Net Cash Flow	-17	31	-7	-4	-11	-6	35	-22	-14	-2	18	-24

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Ratios

	Sep 2008	Sep 2009	Sep 2010	Sep 2011	Sep 2012	Sep 2013	Sep 2014	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020
ROCE %	18%	9%	6%	6%	9%	-4%	0%	3%	2%	6%	10%	4%
Debtor Days	177	190	194	152	182	210	231	180	330	339	231	243
Inventory Turnover	3.87	1.94	2.00	2.07	1.69	1.42	1.06	1.34	0.78	0.96	0.69	0.45

Announcements & News

Recent Announcements

Credit Ratings

Walchandnagar Industries Limited Feb 24 from care
Walchandnagar Industries Limited 29 Nov 2019 from smera
Walchandnagar Industries Limited 4 Oct 2019 from care
Walchandnagar Industries Limited 16 Aug 2019 from smera
Walchandnagar Industries Limited 16 Aug 2019 from care
Walchandnagar Industries Limited 18 Feb 2019 from care

Annual Reports

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