WPIL Ltd - Stock Valuation and Financial Performance

BSE: 505872 | NSE: | Compressors / Pumps | Small Cap

WPIL Share Price

3,675 -20.65 -0.56%
as on 18-Apr'24 16:01

DeciZen - make an informed investing decision on WPIL

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

WPIL stock performance -

mw4me loader
P/E Ratio (SA):
24.30
Market Cap:
3,516.9 Cr.
52-wk low:
2,436.1
52-wk high:
4,624.6

Is WPIL Ltd an attractive stock to invest in?

1. Is WPIL Ltd a good quality company?

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

2. Is WPIL Ltd undervalued or overvalued?

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

3. Is WPIL Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of WPIL 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 WPIL:

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.
WPIL 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

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 15.1%11.8%7.8%10.4%13.8%20.3%12.8%13.1%13.8%22.7%-
Value Creation
Index
0.1-0.2-0.5-0.30.00.5-0.1-0.10.00.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2652332122804225333723405301,002993
Sales YoY Gr.--11.9%-9%31.9%51%26.2%-30.2%-8.5%55.7%89.2%-
Adj EPS 21.31716.924.44173.950.657.866.9137.8148.2
YoY Gr.--19.9%-0.9%44.2%68.5%80%-31.5%14.3%15.7%106%-
BVPS (₹) 124.2219.4234.6259.6305.7375.9427.3481.2536.6672.7740.6
Adj Net
Profit
16.916.616.523.840.172.249.456.565.3135145
Cash Flow from Ops. 27.1-7.7-23.218.845.810813.589.552.663.8-
Debt/CF from Ops. 3.6-2.2-3.441.40.35.30.10.70.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 16%18.9%39.2%89.2%
Adj EPS 23.1%27.4%39.6%106%
BVPS20.7%17.1%16.3%25.4%
Share Price 32.5% 34.6% 85.7% 36.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
18.510.67.49.914.521.712.612.713.222.821
Op. Profit
Mgn %
14.214.213.515.115.621.917.120.216.417.119
Net Profit
Mgn %
6.47.17.88.59.513.513.316.612.313.414.6
Debt to
Equity
10.10.40.30.20.10.200.10.1-
Working Cap
Days
325368441406346346578618421284129
Cash Conv.
Cycle
156165192129835689112581844

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 21.00%

Sales growth is growing at healthy rate in last 3 years 39.17%

Net Profit is growing at healthy rate in last 3 years 39.63%

Sales growth is good in last 4 quarters at 14.19%

No data to display

Latest Financials - WPIL Ltd.

Standalone Consolidated
TTM EPS (₹) 148.2 494.2
TTM Sales (₹ Cr.) 993 1,711
BVPS (₹.) 740.6 917.5
Reserves (₹ Cr.) 714 886
P/BV 4.86 3.92
PE 24.30 7.29
From the Market
52 Week Low / High (₹) 2436.10 / 4624.60
All Time Low / High (₹) 0.95 / 4624.60
Market Cap (₹ Cr.) 3,517
Equity (₹ Cr.) 9.8
Face Value (₹) 10
Industry PE 59.1

Management X-Ray of WPIL:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.004.194.194.190.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales2652332122804225333723405301,002
Operating Expenses 227200184243356417309271443832
Manufacturing Costs2117152535564240273638
Material Costs1601341231582542761931729594
Employee Cost 19212228333534313441
Other Costs 27272432354940284258
Operating Profit 3833293766116636987171
Operating Profit Margin (%) 14.2%14.2%13.5%13.3%15.6%21.8%17.0%20.2%16.3%17.0%
Other Income 666819930261437
Interest 18126131071010912
Depreciation 2333336566
Exceptional Items 0000000000
Profit Before Tax 2424262971116777986190
Tax 7789244318202247
Profit After Tax 171717204873596064143
PAT Margin (%) 6.5%7.2%8.1%7.2%11.3%13.8%15.9%17.6%12.1%14.3%
Adjusted EPS (₹)21.617.217.620.848.775.260.761.265.4146.4
Dividend Payout Ratio (%)9%12%11%10%8%10%12%16%15%14%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 99215230254299367417470524657
Share Capital 8101010101010101010
Reserves 91205220244289357408460514647
Minority Interest0000000000
Debt9312797662307263741
Long Term Debt20000000110
Short Term Debt7312797662297163640
Trade Payables8949588511411410973220289
Others Liabilities 4036292476132135129118174
Total Liabilities 3223123954395506437336798991,161

Fixed Assets

Gross Block596264525355697072110
Accumulated Depreciation26293236914192421
Net Fixed Assets33333248474655514888
CWIP 0100000000
Investments 38386642424242494949
Inventories24101421354874586180
Trade Receivables181169174178215188169154268332
Cash Equivalents 1113321053106157
Others Assets4460108146209316383313366454
Total Assets 3223123954395506437336798991,161

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 27-8-23194610813905364
PBT 2424262971116777986190
Adjustment 11104182150-66-10
Changes in Working Capital -3-35-43-16-1025-3927-11-70
Tax Paid -5-6-9-12-17-48-26-11-28-46
Cash Flow From Investing Activity -30-304-19-64-32-7-33-57
Capex -6-3-1-2-1-3-2-1-2-5
Net Investments 00-28000-6-52-25-64
Others 2307-19-61-2446-712
Cash Flow From Financing Activity -25853-23-26-4421-849-21
Net Proceeds from Shares 010100000000
Net Proceeds from Borrowing -25-81200001304
Interest Paid -13-9-7-14-10-7-9-9-8-11
Dividend Paid -2-2-2-2-2-5-9-7-10-10
Others 15060-7-14-3339-69-3-4
Net Cash Flow -1000003-228-14
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)18.8510.757.758.417.2322.0615.113.4612.8524.22
ROCE (%)21.5116.8511.8613.2923.6632.3819.818.4318.3332.13
Asset Turnover Ratio0.870.760.620.690.860.890.540.480.670.97
PAT to CFO Conversion(x)1.59-0.47-1.350.950.961.480.221.50.830.45
Working Capital Days
Receivable Days237264283223169138175173146109
Inventory Days33262022242860714126
Payable Days151169151161143151212194565987

WPIL Ltd Stock News

WPIL Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of WPIL on 18-Apr-2024 16:01 is ₹3,675.
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 18-Apr-2024 16:01 the market cap of WPIL stood at ₹3,516.9.
The latest P/E ratio of WPIL as of 18-Apr-2024 16:01 is 24.30.
The latest P/B ratio of WPIL as of 18-Apr-2024 16:01 is 4.86.
The 52-week high of WPIL is ₹4,624.6 and the 52-week low is ₹2,436.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of WPIL is ₹993.4 ( Cr.) .

About WPIL Ltd

W P I L Ltd was incorporated on February 6, 1952 at Calcutta under the name and style of Johnson Pumps India Ltd. subsequently the name of the company was changed to Worthington pumps India Ltd. on January 29, 1983.

The company is mainly engaged into manufacturing of vertical pumps, horizontal pumps, grey iron, castings and sluice valves.

WPIL dedicates itself to the cause of total customer satisfaction. The company has to its credit a rich experience of more than 50 years in designing, developing, manufacturing, erecting, commissioning and servicing of pumps. Either with the help of erstwhile foreign collaborators such as Johnston Pumps for vertical turbines, Hayward Taylor for submersibles and Worthington for horizontals; or with the in-house R&D recognized by the Ministry of Science and Technology, Govt. of India, it has grown into one strong brand-WPIL. Understanding the importance of need based operation.

WPIL now offers system engineering and complete solutions to all kinds of water and waste water handling and transportation needs

Product range of the company includes:

  • Vertical Turbine Pumps
  • Vertical Mixed Flow & Axial Flow Pumps
  • Submersible Pumps
  • Horizontal Centrifugal Pumps
  • Inclined-wet-pit-pump

Milestones:

  • 1952 Commenced Business Johnston Pumps India as JV of Johnston, US.
  • 1982 License from Hayward Tyler, UK for Submersible Motor.
  • 1983 JV with Worthington name changed -Worthington Pumsp India.
  • 1990 CW Pump- 33,100 M3./Hr.,2600 KW, 500 MW NTPC Power Stn.
  • 1995 Association -(Worthington-Ingersol Dresser) ends & name WPIL.
  • 1997 Export Order ($1.7 Million) from Vietnam-Inclined Pump.
  • 2000 Major Break through - $4.44 Mill - Four Lao PDR Pump Station.
  • 2002 APGENCO - Vijaywada Thermal Power Station - CW Pump
  • 2003 Turnkey contract for large CW Pump - NTPC Vindhyachal: 500MW
  • 2005 Completing large turnkey project for Drainage Pumping Station in Bagjola near Kolkata comprising of 19 large Propeller Pumps
  • 2006 Major sea water pumps (Duplex SS) for Saudi Arabia-JANA.
  • 2007 Joint venture with Mitsubishi-Japan for contract for Concrete Volute Pumps to be supplied for Indian Project

Achievements/ recognition:

  • The company has received merit certificate shield for export performance fourteen times from 1974 till date from the engineering export promotion council (Govt. of India).
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