Walchandnagar Industries Ltd - Stock Valuation and Financial Performance

BSE: 507410 | NSE: WALCHANNAG | Engineering - Industrial Equipments | Small Cap

Walchandnagar Inds Share Price

232.45 -12.60 -5.14%
as on 21-Nov'24 16:59

DeciZen - make an informed investing decision on Walchandnagar Inds

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Walchandnagar Industries stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
1,358.2 Cr.
52-wk low:
169.4
52-wk high:
438

Is Walchandnagar Industries Ltd an attractive stock to invest in?

1. Is Walchandnagar Industries Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Walchandnagar Industries Ltd is a average quality company.

2. Is Walchandnagar Industries Ltd undervalued or overvalued?

The key valuation ratios of Walchandnagar Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Walchandnagar Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Walchandnagar Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Walchandnagar Inds:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Walchandnagar Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Sep'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 6.1%4.2%2.4%6.5%10.2%3%3.4%5.3%12.7%1.3%-
Value Creation
Index
-0.6-0.7-0.8-0.5-0.3-0.8-0.8-0.6-0.1-0.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 621514398398364298326299322302294
Sales YoY Gr.--17.2%-22.6%0.1%-8.6%-18.1%9.3%-8.1%7.7%-6.1%-
Adj EPS -8.1-11.3-20.7-6.7-2.1-16.6-14.9-14.3-14.1-7.9-6.3
YoY Gr.-NANANANANANANANANA-
BVPS (₹) 49.419.795.889.188.170.755.646.556.756.663.2
Adj Net
Profit
-30.9-42.9-78.6-25.6-7.9-63-56.6-54.5-64.8-43.9-35
Cash Flow from Ops. -38.20.162.649.814658.671.228.476.110.8-
Debt/CF from Ops. -9.23145.96.98.73.16.95.815.83.922.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -7.7%-3.7%-2.4%-6.1%
Adj EPS NANANANA
BVPS1.5%-8.5%0.6%-0.1%
Share Price 5.1% 29.3% 69.7% 20.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Sep'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
-4.5-10.5-17-7.3-2.4-20.9-23.5-28-29.6-14.1-10.6
Op. Profit
Mgn %
2.98.212.419.114.35.61.17.6-10.6-0.1-7.4
Net Profit
Mgn %
-5-8.4-19.8-6.4-2.2-21.1-17.4-18.2-20.1-14.5-11.9
Debt to
Equity
1.93.61.21.31.41.51.92.51.10.80.1
Working Cap
Days
504389663674704814691711602583301
Cash Conv.
Cycle
25024043540236739735035430426853

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 0.77

Return on Equity is Poor

Sales growth has been subdued in last 3 years -2.44%

Sales growth is not so good in last 4 quarters at -11.73%

Latest Financials - Walchandnagar Industries Ltd.

Standalone Consolidated
TTM EPS (₹) -6.3 -
TTM Sales (₹ Cr.) 294 -
BVPS (₹.) 63.2 -
Reserves (₹ Cr.) 339 -
P/BV 3.88 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 169.40 / 438.00
All Time Low / High (₹) 1.50 / 1204.89
Market Cap (₹ Cr.) 1,358
Equity (₹ Cr.) 11.1
Face Value (₹) 2
Industry PE 57.5

Management X-Ray of Walchandnagar Inds:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *96.6296.6268.8968.8968.8968.8968.8963.1663.1660.31
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Walchandnagar Inds

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSSep'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales621771398398364298326299322302
Operating Expenses 605710350323312281324276356306
Manufacturing Costs1611396260685145545156
Material Costs27735117116311183148119172134
Employee Cost 921368278848481797776
Other Costs 74853423486450255640
Operating Profit 166148765217123-34-3
Operating Profit Margin (%) 2.5%7.9%12.1%19.0%14.3%5.6%0.5%7.6%-10.6%-1.1%
Other Income 8549553844332226
Interest 49917077828879715550
Depreciation 17343633272323221915
Exceptional Items 24-10000-10001050
Profit Before Tax -19-69-54-26-2-65-57-3820-42
Tax -63250000000
Profit After Tax -12-72-80-26-2-65-57-3820-42
PAT Margin (%) -2.0%-9.3%-20.0%-6.5%-0.6%-22.0%-17.6%-12.7%6.1%-13.8%
Adjusted EPS (₹)-3.3-18.8-20.9-6.8-0.6-17.2-15.0-10.04.3-7.6
Dividend Payout Ratio (%)-12%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSSep'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 670562364339335269212177260314
Share Capital 88888888911
Reserves 663554357331328261204169251303
Minority Interest0000000000
Debt350389414434419381333387256220
Long Term Debt758953249202159105170500
Short Term Debt275300361186217221227217206220
Trade Payables206998795958771768073
Others Liabilities 370329344286317309343293231269
Total Liabilities 1,5961,3791,2091,1551,1661,046958934828876

Fixed Assets

Gross Block1,0481,056424430449460458460462465
Accumulated Depreciation430496366794116139160179194
Net Fixed Assets617560389362356344320300283271
CWIP 4112594421
Investments 25053300000
Inventories318279192171195235153154132139
Trade Receivables405396360370230199209220185153
Cash Equivalents 472518329043484654111
Others Assets181118244215288217224209172201
Total Assets 1,5961,3791,2091,1551,1661,046958934828876

Cash Flow

(All Figures are in Crores.)
PARTICULARSSep'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -38063501465971287611
PBT -19-69-54-26-2-65-57-3820-42
Adjustment 38133113103821299371-1468
Changes in Working Capital -35-512-3162-531-1165-15
Tax Paid -23-1223404760
Cash Flow From Investing Activity 3115-103-4939-82684
Capex -1-10-311-125-4-3-24
Net Investments 3224-8-14-4030-42-9-3
Others 112724126192
Cash Flow From Financing Activity 41-37-66-55-78-121-64-54-8539
Net Proceeds from Shares 000000000120
Net Proceeds from Borrowing 75290196-46-54047-24-31
Interest Paid -46-90-70-76-63-72-69-73-51-47
Dividend Paid -2-200000000
Others 14253-1753156-28-10-2
Net Cash Flow 35-22-14-218-2400-154
PARTICULARSSep'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)-6.38-47.75-33.36-7.34-0.63-21.66-23.81-19.598.95-14.57
ROCE (%)6.124.22.426.5210.173.043.435.3412.71.34
Asset Turnover Ratio0.40.530.330.340.310.270.320.320.370.35
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/AN/AN/A3.8N/A
Working Capital Days
Receivable Days234184326334301263229262230204
Inventory Days166137203166183263218188162163
Payable Days315158198205312399195226166210

Walchandnagar Industries Ltd Stock News

Walchandnagar Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Walchandnagar Inds on 21-Nov-2024 16:59 is ₹232.4.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:59 the market cap of Walchandnagar Inds stood at ₹1,358.2.
The latest P/E ratio of Walchandnagar Inds as of 21-Nov-2024 16:59 is 0.00.
The latest P/B ratio of Walchandnagar Inds as of 21-Nov-2024 16:59 is 3.88.
The 52-week high of Walchandnagar Inds is ₹438.0 and the 52-week low is ₹169.4.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Walchandnagar Inds is ₹294.3 ( Cr.) .

About Walchandnagar Industries Ltd

Walchandnagar Industries Limited (WIL) is an ISO 9001: 2015 certified Indian company with global presence and diversified business portfolio in Projects, Products and High-tech Manufacturing. Carrying a legacy of more than 100 years of Engineering Excellence, the company has established its name as one of the best in its operational areas. The company is known for pioneering achievements in Indian engineering industry and for its contribution to nation building activities.  It is a listed company on the BSE and NSE stock exchanges in India.

It has a strong engineering, project management and manufacturing infrastructure to undertake projects and supply of machinery and equipments, in the fields of Nuclear Power, Aerospace, Missile, Defence, Oil & Gas, Steam generation plants, Independent power projects, Turnkey Cement and Sugar plants. It has a large proven reference list of satisfied customers across the world.

Business area of the company

The company is a Heavy Engineering Company with a presence in Strategic Sectors like Defence, Nuclear & Aerospace and Industrial Products like Gears, Centrifugals, Castings and Gauges. Certified for ISO 9001:2015, the company also has a presence in Oil & Gas, Railways and in EPC sectors through its offerings for Sugar Plants, Co - Generation Boilers and Cement Plants.

First to Manufacture

  • Critical components for Nuclear Reactor
  • Main propulsion gear boxes for Indian built Navy Frigates
  • Components for Satellite launch vehicle for ISRO
  • Critical components for 235 MW & 500 MW Nuclear Power project
  • One of the largest Optical Telescope in Asia
  • Critical components for India’s first Moon mission “CHANDRAYAAN-I”
  • Major critical components for India’s Intercontinental ballistic missile (ICBM) program “Agni V”.
  • Critical components for India’s first Mars mission” MANGALYAAN”.

Certifications

  • Certified for ISO 45001: 2018
  • Certified for ISO 14001: 2015
  • Certified for ISO 9001: 2015
  • Certified for ISO3824-2
  • Certified for IBR
  • NABL accreditation for in- house laboratory at WIL
  • Works Approval Certificate for Gear Boxes from IRS
  • Certified for IATF 16949:2016 and CE Marking (For Instrumentation Unit, Dharwad)

Milestones

  • 1908: The company founded and entered concrete structure.
  • 1933: Ventured into organized farming and sugar factory.
  • 1940: Foundry established in Satara.
  • 1956: Started manufacturing sugar machinery.
  • 1960: Set up of heavy engineering workshop. Manufacturing of India’s first ever indigenous complete sugar plant.
  • 1967: First company to export sugar machinery from India.
  • 1960-70: Started association with DAE, BARC and NPCIL.
  • 1960-70: Precision instrumentation division set up in Dharwad.
  • 1960-70: Venture into cement machinery.
  • 1960-70: Venture into boilers.
  • 1971: Started association with ISRO for satellite launch programs.
  • 1990-2000: Started Association with Indian Navy and DRDO.
  • 1990-2000: Ventured into Oil and gas.
  • 2008: Critical component manufactured for India’s maiden moon mission Chandrayaan-1.
  • 2012: Critical components for India’s first ICBM Agni V.
  • 2013: Critical components for India’s first Mars Mission Mangalyaan.
  • 2014: Critical components for GSLV D5.
  • 2019: The company and Indian Space Research Organization's Vikram Sarabhai Space Centre (VSSC) entered into to manufacture and supply 'S -139 End Segments' for the Polar Satellite Launch Vehicle (PSLV) program.
  • 2021: Entered into licensing agreement for Transfer of Technology (LAToT) with Defence Bio-Engineering and Electromedical Laboratory (DEBEL), Defence Research & Development Organisation (DRDO) for manufacture and supply of Medical Oxygen Plant.
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