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Past 10 year's financial track record analysis by Moneyworks4me indicates that Wendt (India) Ltd is a average quality company.
The key valuation ratios of Wendt (India) Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Wendt (India) Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 17.3% | 10.9% | 11.8% | 11.4% | 12.1% | 7.1% | 10.5% | 19.3% | 24.8% | 21% | - |
| Value Creation Index ⓘ | 0.2 | -0.2 | -0.2 | -0.2 | -0.1 | -0.5 | -0.3 | 0.4 | 0.8 | 0.5 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 107 | 118 | 130 | 129 | 143 | 123 | 121 | 160 | 194 | 209 | 204 |
| Sales YoY Gr. | - | 10.5% | 9.6% | -0.1% | 10.4% | -13.7% | -2.1% | 32.6% | 21.2% | 7.6% | - |
| Adj EPS ⓘ | 73 | 49.3 | 56.7 | 57.3 | 66.2 | 38.7 | 62.7 | 129.4 | 193.7 | 188.6 | 191.4 |
| YoY Gr. | - | -32.5% | 15% | 1.2% | 15.4% | -41.6% | 62.1% | 106.5% | 49.7% | -2.7% | - |
| BVPS (₹) ⓘ | 449.5 | 487.2 | 512.2 | 545.4 | 573.1 | 598.3 | 627.9 | 720.7 | 846.7 | 960.1 | 997.3 |
| Adj Net Profit ⓘ | 14.6 | 9.9 | 11.3 | 11.5 | 13.2 | 7.7 | 12.5 | 25.9 | 38.7 | 37.7 | 38 |
| Cash Flow from Ops. ⓘ | 13.6 | 9.4 | 16.4 | 20.9 | 29.1 | 10 | 5.6 | 34.2 | 31.3 | 26.7 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0.2 | 0 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 7.7% | 7.9% | 20% | 7.6% | ||||
| Adj EPS ⓘ | 11.1% | 23.3% | 44.4% | -2.7% | ||||
| BVPSⓘ | 8.8% | 10.9% | 15.2% | 13.4% | ||||
| Share Price | 25.2% | 46.9% | 49.3% | 28.2% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 17 | 10.5 | 11.3 | 10.8 | 11.8 | 6.6 | 10.2 | 19.2 | 24.7 | 20.9 | 19.6 |
| Op. Profit Mgn % ⓘ | 18 | 16 | 17.1 | 17.9 | 17.6 | 11.6 | 16.1 | 24.1 | 27.9 | 26 | 25.5 |
| Net Profit Mgn % ⓘ | 13.7 | 8.3 | 8.8 | 8.9 | 9.3 | 6.3 | 10.4 | 16.2 | 20 | 18.1 | 18.8 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 313 | 229 | 145 | 161 | 156 | 182 | 200 | 156 | 139 | 158 | 129 |
| Cash Conv. Cycle ⓘ | 48 | 55 | 68 | 85 | 66 | 73 | 82 | 65 | 61 | 80 | 98 |
Sales growth is growing at healthy rate in last 3 years 19.99%
Net Profit is growing at healthy rate in last 3 years 44.37%
Return on Equity has declined versus last 3 years average to 19.60%
Sales growth is not so good in last 4 quarters at 4.58%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 191.4 | 198.1 |
| TTM Sales (₹ Cr.) | 204 | 222 |
| BVPS (₹.) ⓘ | 997.3 | 1,099 |
| Reserves (₹ Cr.) ⓘ | 197 | 218 |
| P/BV ⓘ | 15.14 | 13.74 |
| PE ⓘ | 78.91 | 76.24 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 10500.00 / 17056.65 |
| All Time Low / High (₹) | 12.50 / 17056.65 |
| Market Cap (₹ Cr.) | 3,020 |
| Equity (₹ Cr.) | 2 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 84.8 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 107 | 118 | 129 | 129 | 143 | 123 | 121 | 160 | 194 | 209 |
| Operating Expenses ⓘ | 88 | 99 | 107 | 106 | 118 | 109 | 102 | 122 | 140 | 154 |
| Manufacturing Costs | 18 | 19 | 21 | 19 | 25 | 21 | 16 | 24 | 28 | 31 |
| Material Costs | 35 | 40 | 43 | 41 | 43 | 38 | 42 | 50 | 60 | 69 |
| Employee Cost | 18 | 21 | 24 | 26 | 29 | 31 | 29 | 31 | 34 | 36 |
| Other Costs ⓘ | 16 | 20 | 19 | 20 | 21 | 19 | 15 | 17 | 19 | 19 |
| Operating Profit ⓘ | 19 | 19 | 22 | 23 | 25 | 14 | 19 | 38 | 54 | 54 |
| Operating Profit Margin (%) | 18.0% | 16.0% | 17.1% | 17.9% | 17.5% | 11.4% | 15.8% | 24.0% | 27.8% | 26.0% |
| Other Income ⓘ | 7 | 5 | 4 | 4 | 4 | 8 | 7 | 6 | 7 | 7 |
| Interest ⓘ | 0 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 0 | 0 |
| Depreciation ⓘ | 8 | 8 | 10 | 10 | 10 | 9 | 8 | 8 | 8 | 8 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
| Profit Before Tax ⓘ | 18 | 15 | 16 | 17 | 19 | 12 | 17 | 36 | 53 | 52 |
| Tax ⓘ | 3 | 5 | 4 | 4 | 6 | 3 | 4 | 9 | 12 | 13 |
| Profit After Tax | 15 | 10 | 12 | 12 | 13 | 9 | 13 | 27 | 40 | 40 |
| PAT Margin (%) | 13.9% | 8.8% | 9.0% | 9.5% | 9.4% | 7.6% | 10.7% | 16.9% | 20.7% | 18.9% |
| Adjusted EPS (₹) | 74.2 | 52.1 | 58.5 | 61.5 | 67.3 | 46.7 | 64.6 | 135.5 | 200.6 | 197.5 |
| Dividend Payout Ratio (%) | 34% | 48% | 43% | 41% | 45% | 54% | 46% | 48% | 40% | 25% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 90 | 97 | 102 | 109 | 115 | 120 | 126 | 144 | 169 | 192 |
| Share Capital ⓘ | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Reserves ⓘ | 88 | 95 | 100 | 107 | 113 | 118 | 124 | 142 | 167 | 190 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 |
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 |
| Trade Payables | 15 | 18 | 12 | 17 | 23 | 20 | 22 | 22 | 22 | 24 |
| Others Liabilities ⓘ | 73 | 16 | 19 | 19 | 25 | 23 | 15 | 17 | 16 | 18 |
| Total Liabilities ⓘ | 179 | 132 | 134 | 146 | 163 | 163 | 164 | 184 | 208 | 234 |
Fixed Assets | ||||||||||
| Gross Block | 94 | 102 | 114 | 118 | 124 | 132 | 142 | 148 | 158 | 166 |
| Accumulated Depreciation | 40 | 47 | 55 | 64 | 72 | 81 | 88 | 96 | 103 | 109 |
| Net Fixed Assetsⓘ | 54 | 55 | 59 | 54 | 52 | 51 | 54 | 52 | 55 | 57 |
| CWIP ⓘ | 2 | 6 | 2 | 2 | 5 | 4 | 1 | 1 | 2 | 2 |
| Investmentsⓘ | 19 | 14 | 15 | 22 | 36 | 35 | 37 | 62 | 68 | 71 |
| Inventories | 16 | 18 | 18 | 19 | 23 | 26 | 22 | 26 | 32 | 34 |
| Trade Receivables | 21 | 29 | 29 | 34 | 27 | 23 | 33 | 33 | 38 | 51 |
| Cash Equivalents | 1 | 1 | 3 | 6 | 10 | 10 | 2 | 2 | 2 | 4 |
| Others Assetsⓘ | 66 | 10 | 8 | 8 | 11 | 13 | 14 | 8 | 12 | 14 |
| Total Assets ⓘ | 179 | 132 | 134 | 146 | 163 | 163 | 164 | 184 | 208 | 234 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 14 | 9 | 16 | 21 | 29 | 10 | 6 | 34 | 31 | 27 |
| PBT ⓘ | 18 | 15 | 16 | 17 | 19 | 12 | 17 | 36 | 53 | 52 |
| Adjustment ⓘ | 3 | 5 | 7 | 8 | 7 | 4 | 4 | 4 | 4 | 3 |
| Changes in Working Capital ⓘ | -4 | -6 | -3 | 1 | 11 | -2 | -11 | 2 | -15 | -14 |
| Tax Paid ⓘ | -2 | -4 | -3 | -4 | -9 | -4 | -4 | -8 | -10 | -15 |
| Cash Flow From Investing Activity ⓘ | -8 | -4 | -11 | -12 | -21 | -8 | 1 | -26 | -16 | -8 |
| Capex | -12 | -13 | -10 | -5 | -8 | -12 | -10 | -5 | -10 | -16 |
| Net Investments | -2 | 5 | -1 | -9 | -16 | 2 | 1 | -25 | -3 | 2 |
| Others ⓘ | 6 | 3 | 1 | 3 | 3 | 2 | 10 | 4 | -3 | 5 |
| Cash Flow From Financing Activityⓘ | -6 | -6 | -6 | -6 | -7 | -3 | -6 | -8 | -16 | -16 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | -6 | -6 | -6 | -6 | -7 | -3 | -7 | -8 | -15 | -16 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | -1 | 0 |
| Net Cash Flow ⓘ | 0 | -1 | -1 | 3 | 1 | -1 | 0 | 0 | -1 | 3 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 17.24 | 11.11 | 11.7 | 11.63 | 12.04 | 7.97 | 10.53 | 20.09 | 25.6 | 21.86 |
| ROCE (%) | 20.95 | 16.56 | 16.41 | 16.43 | 17.37 | 10.86 | 13.93 | 27.02 | 33.66 | 29.17 |
| Asset Turnover Ratio | 0.67 | 0.82 | 1.06 | 0.94 | 0.92 | 0.76 | 0.74 | 0.92 | 0.99 | 0.95 |
| PAT to CFO Conversion(x) | 0.93 | 0.9 | 1.33 | 1.75 | 2.23 | 1.11 | 0.46 | 1.26 | 0.78 | 0.68 | Working Capital Days |
| Receivable Days | 65 | 72 | 75 | 87 | 78 | 75 | 85 | 75 | 66 | 78 |
| Inventory Days | 51 | 49 | 47 | 52 | 53 | 72 | 73 | 55 | 54 | 57 |
| Payable Days | 162 | 156 | 129 | 133 | 173 | 208 | 185 | 158 | 133 | 121 |
Wendt India, a joint venture between Murugappa Group and the Wendt Group, started in 1983. Wendt India is a leading producer of Diamond / CBN products in India, from its state-of-the-art production facility near Bangalore.
Wendt India offers a full range of wheels for various applications in Tool Making, Automotive Industry, Steel Plants, Glass Industry, Refractory Industry, Ceramic Industry and general tool rooms including specific solutions to customers needs.
Wendt India also offers complete customized solutions for customers' grinding and honing requirements. Design and manufacture of special wheels, dressing attachments, dressing rolls/tools and a full back-up service support makes WENDT INDIA a preferred Solution provider for its customers.
Wendt (India) manufactures world renowned range of Diamond / CBN grinding tools and machines for cutting tools and wire rod mills, as well as a comprehensive range of diamond / CBN products that cater to virtually every segment of the engineering industry.
Wendt provides grinding solutions to industries as diverse as automobile, ceramics, carbide HSS cutting tools, glass, refractories, machine tools, steel, watch, aerospace, engineering and many more. Wendt technological superiority comes from its international heritage and access to the latest technology.
Wendt is a group of companies whose center is the WENDT GmbH at Meerbusch, Germany. Added to other registered offices the plants Niederstetten and Jena are part of the WENDT GmbH.
Product range of the company includes:
Achievements/ recognitionObtained ISO 9001 Certification from RWTUV
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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