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Wendt (India) Ltd (WENDT)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 505412 NSE: WENDT Abrasives | Small Cap | Wendt (India) Share Price
₹8,846 163.20 (1.88%)
As on 11-Sep'26 16:01
Wendt (India) Ltd (WENDT)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 505412 NSE: WENDT Abrasives | Small Cap | Wendt (India) Share Price
₹8,846 163.20 (1.88%)
As on 11-Sep'26 16:01
Key Metrics
Valuation Multiples
Market Cap
₹1,737 Cr.
Current Price
₹8,846
52-Week Low / High
₹5,850 / 9,891
TTM EPS
₹84.8
TTM Sales
₹253 Cr.
Book Value per Share
₹1,300.3
P/E Ratio
102.45
Higher than its 5-year historical median
Industry PE
53.3
Price to Book (P/B)
6.68
Lower than its 5-year historical median
Price to Sales (P/S)
6.86
Lower than its 5-year historical median
EV/EBITDA
41.57
Higher than its 5-year historical median
Dividend Yield
0.34%
Profitability Efficiency
Return on Equity (ROE)
5.85%
Underperforms industry median
Return on Capital Employed (ROCE)
9.32%
Underperforms industry median
Return on Assets (ROA)
4.80%
Operating Profit Margin
13.7%
Net Profit Margin
6.16%
Gross Profit Margin
15.9%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-2.59%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-40.89%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-63.15%
Asset Quality
Promoter Holding
37.50%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹258 Cr.
Equity
₹2 Cr.
Face Value
₹10
All Time Low / High
₹12.50 / 18000.00
Check Before You Invest
Quality
Very GoodValuation
FairCheck Valuation charts
Price Trend
Strong
Is Wendt (India) Ltd a good quality company?
Wendt (India) Ltd is a good quality company, based on a consistently good multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Wendt (India) Ltd performance compare with that of its Peers?
Revenue growth of Wendt (India) Ltd vs industry peers?
Wendt (India) Ltd revenue CAGR is 11.63%, compared to the industry median CAGR of 13.13%, indicating slower growth and losing its market share.
Promoter shareholding and pledge status of Wendt (India) Ltd?
Promoters hold 37.50% of the Wendt (India) Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Wendt (India) Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 15.2% based on the current price.
10 Year X-Ray :
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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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.
Wendt (India) Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 16.4% | 16.4% | 17.4% | 10.9% | 13.9% | 27% | 33.7% | 29.2% | 24.3% | 13.6% | - |
| Value Creation Index ⓘ | 0.2 | 0.2 | 0.2 | -0.2 | 0.0 | 0.9 | 1.4 | 1.1 | 0.7 | 0.0 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 130 | 129 | 143 | 123 | 121 | 160 | 194 | 209 | 215 | 209 | 221 |
| Sales YoY Gr. | - | -0.1% | 10.4% | -13.7% | -2.1% | 32.6% | 21.2% | 7.6% | 3% | -2.6% | - |
| Adj EPS ⓘ | 56.9 | 57.3 | 66.2 | 38.7 | 62.7 | 129.4 | 193.7 | 188.6 | 166.6 | 98.6 | 129 |
| YoY Gr. | - | 0.8% | 15.4% | -41.6% | 62.1% | 106.5% | 49.7% | -2.7% | -11.7% | -40.8% | - |
| BVPS (₹) ⓘ | 512.2 | 545.4 | 573.1 | 598.3 | 627.9 | 720.7 | 846.7 | 960.1 | 1,098.8 | 1,169.3 | 1,209.3 |
| Adj Net Profit ⓘ | 11.4 | 11.5 | 13.2 | 7.7 | 12.5 | 25.9 | 38.7 | 37.7 | 33.3 | 19.7 | 26 |
| Cash Flow from Ops. ⓘ | 16.4 | 20.9 | 29.1 | 10 | 5.6 | 34.2 | 31.3 | 26.7 | 32.9 | 32.9 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | 0.2 | 0 | 0 | 0 | 0 | 0 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 5.5% | 11.6% | 2.6% | -2.6% | ||||
| Adj EPS ⓘ | 6.3% | 9.5% | -20.2% | -40.8% | ||||
| BVPSⓘ | 9.6% | 13.2% | 11.4% | 6.4% | ||||
| Share Price | 16% | 15.7% | -14.6% | -9.1% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 11.4 | 10.8 | 11.8 | 6.6 | 10.2 | 19.2 | 24.7 | 20.9 | 16.2 | 8.7 | 10.9 |
| Op. Profit Mgn % ⓘ | 17.1 | 17.9 | 17.6 | 11.6 | 16.1 | 24.1 | 27.9 | 26 | 24 | 19.2 | 20 |
| Net Profit Mgn % ⓘ | 8.8 | 8.9 | 9.3 | 6.3 | 10.4 | 16.2 | 20 | 18.1 | 15.5 | 9.4 | 11.7 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 145 | 161 | 156 | 182 | 200 | 156 | 139 | 158 | 182 | 194 | 124 |
| Cash Conv. Cycle ⓘ | 68 | 85 | 65 | 73 | 82 | 65 | 61 | 80 | 96 | 111 | 90 |
Valuation of Wendt (India) - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 146 | 147 | 165 | 143 | 137 | 179 | 210 | 227 | 234 | 236 |
| Operating Expenses ⓘ + | 121 | 120 | 135 | 124 | 114 | 137 | 154 | 171 | 181 | 205 |
| Operating Profit ⓘ | 26 | 27 | 30 | 19 | 22 | 42 | 56 | 56 | 53 | 31 |
| Operating Profit Margin (%) | 17.5% | 18.2% | 18.2% | 13.3% | 16.5% | 23.5% | 26.9% | 24.7% | 22.7% | 13.3% |
| Other Income ⓘ + | 2 | 3 | 3 | 5 | 4 | 4 | 5 | 7 | 9 | 7 |
| Interest ⓘ | 1 | 1 | 0 | 1 | 1 | 1 | 0 | 0 | 1 | 0 |
| Depreciation ⓘ | 10 | 10 | 10 | 9 | 9 | 9 | 8 | 9 | 10 | 15 |
| Profit Before Tax ⓘ | 17 | 18 | 22 | 14 | 17 | 37 | 53 | 54 | 51 | 23 |
| Tax ⓘ | 5 | 5 | 7 | 4 | 4 | 10 | 13 | 13 | 12 | 8 |
| Profit After Tax | 12 | 13 | 15 | 10 | 13 | 27 | 40 | 41 | 39 | 15 |
| PAT Margin (%) | 8.3% | 9.0% | 9.4% | 7.0% | 9.3% | 15.1% | 19.1% | 18.1% | 16.9% | 6.2% |
| Adjusted EPS (₹) | 60.3 | 65.6 | 77.1 | 50.1 | 63.8 | 135.3 | 200.5 | 204.8 | 197.4 | 72.8 |
| Dividend Payout Ratio (%) | 41.50% | 38.10% | 38.90% | 49.90% | 47% | 48% | 39.90% | 24.40% | 25.30% | 41.20% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 112 | 122 | 130 | 138 | 143 | 162 | 189 | 212 | 244 | 254 | |
| Debt + | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 1 | 0 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 14 | 19 | 24 | 22 | 25 | 23 | 24 | 25 | 31 | 33 | |
| Others Liabilities ⓘ | 19 | 19 | 25 | 23 | 16 | 18 | 16 | 18 | 25 | 19 | |
| Total Liabilities ⓘ | 145 | 160 | 180 | 183 | 185 | 204 | 229 | 256 | 301 | 306 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 61 | 57 | 55 | 54 | 56 | 54 | 56 | 58 | 100 | 106 | |
| CWIP ⓘ | 2 | 2 | 5 | 4 | 1 | 1 | 2 | 2 | 10 | 3 | |
| Investments ⓘ | 15 | 22 | 36 | 36 | 37 | 64 | 71 | 73 | 52 | 47 | |
| Inventories | 21 | 21 | 25 | 28 | 25 | 28 | 34 | 36 | 37 | 53 | |
| Trade Receivables | 31 | 37 | 30 | 26 | 36 | 34 | 40 | 54 | 68 | 54 | |
| Cash Equivalents | 7 | 12 | 18 | 22 | 15 | 14 | 13 | 18 | 19 | 28 | |
| Others Assets ⓘ | 8 | 9 | 11 | 13 | 14 | 8 | 12 | 14 | 15 | 13 | |
| Total Assets ⓘ | 145 | 160 | 180 | 183 | 185 | 204 | 229 | 256 | 301 | 306 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 18 | 23 | 33 | 16 | 8 | 37 | 33 | 30 | 34 | 22 |
| Cash Flow From Investing Activity ⓘ + | -13 | -15 | -24 | -12 | -1 | -30 | -18 | -8 | -26 | -5 |
| Cash Flow From Financing Activity ⓘ + | -6 | -6 | -7 | -3 | -6 | -8 | -16 | -16 | -9 | -9 |
| Net Cash Flow ⓘ | -0 | 2 | 2 | 1 | 1 | -1 | -1 | 5 | -1 | 7 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 10.99 | 11.22 | 12.24 | 7.48 | 9.08 | 17.73 | 22.86 | 20.43 | 17.32 | 5.85 |
| ROCE (%) | 15.79 | 16.19 | 17.75 | 10.82 | 12.54 | 24.43 | 30.43 | 27.25 | 22.67 | 9.32 |
| Asset Turnover Ratio | 1.09 | 0.98 | 0.97 | 0.79 | 0.74 | 0.92 | 0.97 | 0.94 | 0.84 | 0.78 |
| PAT to CFO Conversion(x) | 1.5 | 1.77 | 2.2 | 1.6 | 0.62 | 1.37 | 0.83 | 0.73 | 0.87 | 1.47 |
| Working Capital Days | ||||||||||
| Receivable Days | 72 | 82.50 | 74.40 | 71.80 | 83.20 | 72.30 | 64.80 | 75.50 | 95.20 | 94.70 |
| Inventory Days | 47.90 | 51.70 | 51.10 | 67.10 | 70.50 | 54.20 | 54.10 | 56.40 | 57.30 | 69.90 |
| Payable Days | 120.30 | 120.20 | 146 | 171.90 | 170.10 | 140.50 | 119.50 | 108.60 | 121.70 | 132.30 |
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Wendt (India) Ltd FAQs
The current trading price of Wendt (India) on 11-Sep-2026 16:01 is ₹8,846.
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 10-Sep-2026 the market cap of Wendt (India) stood at ₹1,736.6 Cr
The latest P/E ratio of Wendt (India) as of 10-Sep-2026 is 67.31.
The latest P/B ratio of Wendt (India) as of 10-Sep-2026 is 7.18.
The 52-week high of Wendt (India) is ₹9,891.1 and the 52-week low is ₹5,850.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Wendt (India) is ₹221 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Wendt (India) Ltd is a good quality company.
The key valuation ratios of Wendt (India) Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Wendt (India) Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
About Wendt (India) Ltd
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:
- Diamond / CBN products in India
- Resin
- Metal
- Electroplated
- Vitrified Bonded
- Diamond
- CBN-Tools
- Diamond Dressers
- Hones.
Achievements/ recognitionObtained ISO 9001 Certification from RWTUV
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