Walchandnagar Industries Ltd - Stock Valuation and Financial Performance

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

Walchandnagar Inds Share Price

200 2.65 1.34%
as on 19-Mar'24 11:14

DeciZen - make an informed investing decision on Walchandnagar Inds

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Walchandnagar Industries stock performance -

mw4me loader
P/E Ratio (SA):
49.81
Market Cap:
908.1 Cr.
52-wk low:
49.9
52-wk high:
268.9

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 below 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 Somewhat 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 not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Sep'13Sep'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -3.6%0.4%-0.1%-3.4%3.6%6.3%-0.2%-0.1%-0.7%-4.4%-
Value Creation
Index
-1.3-1.0-1.0-1.2-0.7-0.6-1.0-1.0-1.1-1.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 727621514398398364298326299322323
Sales YoY Gr.--14.6%-17.2%-22.6%0.1%-8.6%-18.1%9.3%-8.1%7.7%-
Adj EPS -15.1-8.1-11.3-20.7-6.7-2.1-16.6-14.9-14.3-14.14
YoY Gr.-NANANANANANANANANA-
BVPS (₹) 52.549.419.795.889.188.170.755.646.556.748.7
Adj Net
Profit
-57.4-30.9-42.9-78.6-25.6-7.9-63-56.6-54.5-64.818
Cash Flow from Ops. -37.8-38.20.162.649.814658.671.228.476.1-
Debt/CF from Ops. -6.9-9.23145.96.98.73.16.95.815.83.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -8.6%-4.2%2.6%7.7%
Adj EPS NANANANA
BVPS0.9%-8.7%-7.1%21.8%
Share Price 13.2% 17.3% 46.9% 259.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Sep'13Sep'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-10.4-4.5-10.5-17-7.3-2.4-20.9-23.5-28-29.67.5
Op. Profit
Mgn %
-1.22.98.212.419.114.35.61.17.6-10.6-12.1
Net Profit
Mgn %
-7.9-5-8.4-19.8-6.4-2.2-21.1-17.4-18.2-20.15.6
Debt to
Equity
1.31.93.61.21.31.41.51.92.51.1-
Working Cap
Days
429504389684710734832691711602225
Cash Conv.
Cycle
21425024043540236739735035430421

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 7.50%

Debt to equity has declined versus last 3 years average to 1.12

Sales growth has been subdued in last 3 years 2.62%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 4.80%

Latest Financials - Walchandnagar Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 4 -
TTM Sales (₹ Cr.) 323 -
BVPS (₹.) 48.7 -
Reserves (₹ Cr.) 215 -
P/BV 4.05 -
PE 49.81 -
From the Market
52 Week Low / High (₹) 49.85 / 268.85
All Time Low / High (₹) 1.50 / 1204.89
Market Cap (₹ Cr.) 908
Equity (₹ Cr.) 9.2
Face Value (₹) 2
Industry PE 42.6

Management X-Ray of Walchandnagar Inds:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *97.4696.6296.6296.6296.6268.8968.8968.8968.8968.89
* Pledged shares as % of Promoter's holding (%)

Event Update

Login/Register to view analysis.

Analyst's Notes

Key Ratios of Walchandnagar Inds

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSSep'13Sep'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales727621771398398364298326299322
Operating Expenses 750605710350323312281324276356
Manufacturing Costs13616111662606851455451
Material Costs39827737317116311183148119172
Employee Cost 969213682788484817977
Other Costs 120748534234864502556
Operating Profit -23166148765217123-34
Operating Profit Margin (%) -3.2%2.5%7.9%12.1%19.0%14.3%5.6%0.5%7.6%-10.6%
Other Income 685495538443322
Interest 42499170778288797155
Depreciation 18173436332723232219
Exceptional Items 4224-10000-1000105
Profit Before Tax -36-19-69-54-26-2-65-57-3820
Tax 3-6325000000
Profit After Tax -38-12-72-80-26-2-65-57-3820
PAT Margin (%) -5.3%-2.0%-9.3%-20.0%-6.5%-0.6%-22.0%-17.6%-12.7%6.1%
Adjusted EPS (₹)-10.1-3.3-18.8-20.9-6.8-0.6-17.2-15.0-10.04.3
Dividend Payout Ratio (%)-4%-12%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSSep'13Sep'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 706670562364339335269212177260
Share Capital 8888888889
Reserves 699663554357331328261204169251
Minority Interest0000000000
Debt236350389414434419381333387256
Long Term Debt075895324920215910517050
Short Term Debt236275300361186217221227217206
Trade Payables2722069987959587717680
Others Liabilities 353370329344286317309343293231
Total Liabilities 1,5671,5961,3791,2091,1551,1661,046958934828

Fixed Assets

Gross Block1,0291,0481,056424430449460458460462
Accumulated Depreciation391430496366794116139160179
Net Fixed Assets638617560389362356344320300283
CWIP 20411259442
Investments 312507552000
Inventories263318279192171195235153154132
Trade Receivables417405396360370230199209220185
Cash Equivalents 12472518329043484654
Others Assets185181118243213286215224209172
Total Assets 1,5671,5961,3791,2091,1551,1661,046958934828

Cash Flow

(All Figures are in Crores.)
PARTICULARSSep'13Sep'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -38-380635014659712876
PBT -36-19-69-54-26-2-65-57-3820
Adjustment 1638133113103821299371-14
Changes in Working Capital -6-35-512-3162-531-1165
Tax Paid -13-23-122340476
Cash Flow From Investing Activity 273115-103-4939-8268
Capex -5-1-10-311-125-4-3-2
Net Investments 293224-8-14-4030-42-9
Others 211272412619
Cash Flow From Financing Activity 541-37-66-55-78-121-64-54-85
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -2275290196-46-54047-24
Interest Paid -40-46-90-70-76-63-72-69-73-51
Dividend Paid -4-2-20000000
Others 7114253-1753156-28-10
Net Cash Flow -635-22-14-218-2400-1
PARTICULARSSep'13Sep'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-17.38-6.38-47.75-33.36-7.34-0.63-21.66-23.81-19.598.95
ROCE (%)1.36.124.22.426.5210.173.043.435.3412.7
Asset Turnover Ratio0.530.40.530.330.340.310.270.320.320.37
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/AN/AN/AN/A3.8
Working Capital Days
Receivable Days209234184326334301263229262230
Inventory Days141166137203166183263218188162
Payable Days242315149198205312399195226166

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 19-Mar-2024 11:14 is ₹200.0.
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 19-Mar-2024 11:14 the market cap of Walchandnagar Inds stood at ₹908.1.
The latest P/E ratio of Walchandnagar Inds as of 19-Mar-2024 11:14 is 49.81.
The latest P/B ratio of Walchandnagar Inds as of 19-Mar-2024 11:14 is 4.05.
The 52-week high of Walchandnagar Inds is ₹268.9 and the 52-week low is ₹49.85.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Walchandnagar Inds is ₹323.1 ( 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.
Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.