Walchandnagar Industries
WALCHANNAG NSE
Walchandnagar Industries
IndustrialsNSE: WALCHANNAG BSE: 507410 Industrial Manufacturing
Key Fundamentals
MicrocapIndustrial ProductsCapital GoodsMarket Cap
₹1,425 Cr
Volatility
Moderate
P/E Ratio
-454.1
EBITDA
₹34.10 Cr
Return on Equity
-4.09%
Debt to Equity
0.61
Book Value
₹51.96
52W High
₹315.8
52W Low
₹131.15
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Company is expected to give good quarter
Weaknesses
9- Stock is trading at 3.97 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -3.31% over past five years.
- Promoter holding is low: 31.6%
- Company has a low return on equity of -15.0% over last 3 years.
- Promoters have pledged 49.2% of their holding.
- Earnings include an other income of Rs.23.2 Cr.
- Company's cost of borrowing seems high
- Promoter holding has decreased over last 3 years: -3.28%
Growth Rate
Revenue Growth
0.51% higher than
3Y
Net Income Growth
-82.91% lower than
3Y
Cash Flow Change
-171% higher than
3Y
ROE
-82.27% lower than
3Y
ROCE
-162% lower than
3Y
EBITDA Margin (Avg.)
-195% lower than
3Y
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 67.19 | 87.92 | 55.86 | 91.38 | 79.17 | 67.86 | 59.07 | 53.08 | 49.43 | 51.78 | 80.95 | 93.02 | 90.83 |
| Expenses | 69.44 | 82.82 | 63.84 | 86.12 | 91.99 | 73.96 | 64.75 | 100 | 51.8 | 54.81 | 65.65 | 88.87 | 83.49 |
| Operating Profit | -2.25 | 5.1 | -7.98 | 5.26 | -12.82 | -6.1 | -5.68 | -47.1 | -2.37 | -3.03 | 15.3 | 4.15 | 7.34 |
| OPM % | -3.35% | 5.8% | -14.29% | 5.76% | -16.19% | -8.99% | -9.62% | -88.73% | -4.79% | -5.85% | 18.9% | 4.46% | 8.08% |
| Other Income | 7.35 | 3.84 | 6.74 | 4.23 | 24.28 | 9.7 | 3.32 | 2.92 | 4.53 | 3.64 | 1.7 | 10.87 | 6.97 |
| Interest | 12.27 | 12.78 | 13.24 | 11.01 | 10.58 | 11.97 | 12.09 | 9.25 | 9.86 | 9.75 | 9.54 | 9.31 | 10.01 |
| Depreciation | 4.24 | 4.3 | 4.18 | 2.08 | 2.61 | 2.66 | 2.68 | 2.69 | 2.69 | 2.76 | 2.8 | 2.77 | 3.12 |
| PBT | -11.41 | -8.14 | -18.66 | -3.6 | -1.73 | -11.03 | -17.13 | -56.12 | -10.39 | -11.9 | 4.66 | 2.94 | 1.18 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Profit | -11.41 | -8.14 | -18.66 | -3.6 | -1.73 | -11.03 | -17.13 | -56.12 | -10.39 | -11.9 | 4.66 | 2.94 | 1.18 |
| EPS in Rs | -2.48 | -1.77 | -4.06 | -0.65 | -0.31 | -1.99 | -3.09 | -8.32 | -1.53 | -1.75 | 0.69 | 0.43 | 0.17 |
Profit & Loss
| Particulars | Sep 2014 | Mar 2016 18m | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 638 | 802 | 398 | 398 | 364 | 298 | 326 | 299 | 322 | 302 | 259 | 275 | 317 |
| Expenses | 623 | 741 | 350 | 323 | 282 | 263 | 305 | 276 | 356 | 301 | 330 | 260 | 293 |
| Operating Profit | 16 | 61 | 48 | 76 | 82 | 35 | 20 | 23 | -34 | 1 | -71 | 15 | 24 |
| OPM % | 2.4% | 8% | 12% | 19% | 22% | 12% | 6% | 8% | -11% | 0.5% | -27% | 5% | 8% |
| Other Income | 32 | -5 | 4 | 9 | 25 | 10 | 25 | 33 | 128 | 21 | 40 | 22 | 23 |
| Interest | 49 | 91 | 70 | 77 | 82 | 88 | 79 | 71 | 55 | 50 | 44 | 40 | 39 |
| Depreciation | 17 | 34 | 36 | 33 | 27 | 23 | 23 | 22 | 19 | 15 | 11 | 11 | 11 |
| PBT | -19 | -69 | -54 | -26 | -2 | -65 | -57 | -38 | 20 | -42 | -86 | -15 | -3 |
| Tax % | -33% | 5% | 47% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
| Net Profit | -12 | -72 | -80 | -26 | -2 | -65 | -57 | -38 | 20 | -42 | -86 | -15 | -3 |
| EPS in Rs | -3.25 | -18.83 | -20.89 | -6.78 | -0.56 | -17.19 | -15.04 | -10 | 4.26 | -7.55 | -12.75 | -2.16 | -0.46 |
| Div. Payout % | -12% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Sep 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 9 | 11 | 13 | 14 |
| Reserves | 663 | 554 | 357 | 331 | 328 | 261 | 204 | 169 | 251 | 350 | 359 | 345 |
| Borrowings | 350 | 405 | 431 | 434 | 454 | 405 | 411 | 448 | 293 | 241 | 194 | 219 |
| Other Liabilities | 594 | 432 | 414 | 381 | 377 | 372 | 335 | 309 | 275 | 274 | 306 | 304 |
| Total Liabilities | 1,615 | 1,398 | 1,209 | 1,155 | 1,166 | 1,046 | 958 | 934 | 828 | 876 | 872 | 881 |
| Fixed Assets | 617 | 560 | 390 | 364 | 357 | 346 | 333 | 312 | 285 | 272 | 245 | 264 |
| CWIP | 4 | 1 | 1 | 2 | 5 | 9 | 4 | 4 | 2 | 1 | 8 | 17 |
| Investments | 25 | 0 | 5 | 3 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 969 | 837 | 813 | 786 | 801 | 692 | 622 | 617 | 541 | 602 | 619 | 600 |
| Total Assets | 1,615 | 1,398 | 1,209 | 1,155 | 1,166 | 1,046 | 958 | 934 | 828 | 876 | 872 | 881 |
Cash Flow
| Particulars | Sep 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -38 | 0 | 63 | 50 | 146 | 59 | 71 | 28 | 76 | 11 | 16 | -11 |
| Investing | 31 | 15 | -10 | 3 | -49 | 39 | -8 | 26 | 8 | 4 | -15 | -14 |
| Financing | 41 | -37 | -66 | -55 | -78 | -121 | -64 | -54 | -85 | 39 | -1 | -10 |
| Net Cash Flow | 35 | -22 | -14 | -2 | 18 | -24 | 0 | 0 | -1 | 54 | -1 | -35 |
| Free Cash Flow | -39 | -10 | 59 | 43 | 134 | 44 | 67 | 26 | 75 | 9 | -19 | -34 |
| CFO/OP | -99 | 21 | 127 | 61 | 174 | 168 | 331 | 93 | -205 | 742 | -14 | -89 |
Ratios
| Particulars | Sep 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 231 | 180 | 330 | 339 | 231 | 243 | 235 | 269 | 210 | 185 | 99 | 114 |
| Inventory Days | 394 | 266 | 410 | 384 | 640 | 1,030 | 378 | 475 | 279 | 380 | 363 | 451 |
| Days Payable | 255 | 94 | 186 | 214 | 311 | 383 | 174 | 234 | 170 | 201 | 186 | 220 |
| Cash Conversion Cycle | 371 | 353 | 554 | 508 | 560 | 891 | 439 | 509 | 319 | 363 | 275 | 346 |
| Working Capital Days | 51 | 33 | 18 | 155 | -22 | 47 | -14 | 34 | -3 | 0 | -36 | -52 |
| ROCE % | 0% | 3% | 2% | 6% | 10% | 4% | 3% | 2% | -5% | 0% | -8% | 4% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Walchandnagar Industries insights
49 extracted metrics + investor summaries across FY16–FY26.
Documents
1
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
30 Apr - Walchandnagar Industries confirms it is not a Large Corporate as on March 31, 2026. 30 Apr - Walchandnagar Industries confirms it is not a Large Corporate as on March 31, 2026.
2
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
30 Apr - Walchandnagar Industries confirms it is not a Large Corporate as on March 31, 2026. 30 Apr - Walchandnagar Industries confirms it is not a Large Corporate as on March 31, 2026.
3
Clarification On Movement In Price.
1d - Walchandnagar clarifies share price movement, citing SHANTI Bill 2025 and India’s first prototype FBR criticality. 1d - Walchandnagar clarifies share price movement, citing SHANTI Bill 2025 and India’s first prototype FBR criticality.
4
Clarification On Movement In Price.
24 Apr - Walchandnagar clarifies share price movement, citing SHANTI Bill 2025 and India’s first prototype FBR criticality. 24 Apr - Walchandnagar clarifies share price movement, citing SHANTI Bill 2025 and India’s first prototype FBR criticality.
5
Clarification sought from Walchandnagar Industries Ltd
23 Apr - Exchange has sought clarification from Walchandnagar Industries Ltd on April 23, 2026 with reference to significant movement in price, in order to ensure that investors … 23 Apr - Exchange has sought clarification from Walchandnagar Industries Ltd on April 23, 2026 with reference to significant movement in price, in order to ensure that investors …
4
Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association 12 Aug 2026
General_Announcements
Frequently Asked Questions about Walchandnagar Industries
What does Walchandnagar Industries Ltd do?
Incorporated in 1908, Walchandnagar
Industries Ltd is in the Heavy engineering
and Foundry & Machine Shop business[1]
Where is Walchandnagar Industries Ltd (WALCHANNAG) listed?
Walchandnagar Industries Ltd trades as WALCHANNAG on the NSE and under code 507410 on the BSE.
Which sector does Walchandnagar Industries Ltd belong to?
Walchandnagar Industries Ltd is classified under the Industrials sector, in the Industrial Manufacturing industry.
What is the market capitalisation of Walchandnagar Industries Ltd?
Walchandnagar Industries Ltd has a market capitalisation of ₹1,425 Cr, which places it in the Small Cap band.
What is the PE ratio of Walchandnagar Industries Ltd?
Walchandnagar Industries Ltd trades at a PE ratio of -454.10, against a book value of ₹51.96 per share.
What is the 52-week high and low of Walchandnagar Industries Ltd?
Over the last 52 weeks Walchandnagar Industries Ltd has traded between ₹131.15 and ₹315.8.
What is the Return on Equity (ROE) of Walchandnagar Industries Ltd?
Walchandnagar Industries Ltd reported a return on equity of -4.09%. Its debt-to-equity ratio is 0.61.
Company Information
Incorporated in 1908, Walchandnagar Industries Ltd is in the Heavy engineering and Foundry & Machine Shop business[1]
Website walchand.com
CEO Mr. Chirag Chakor Doshi
Employees 1,249
Listed 1996-09-18
Face Value ₹ 2
Issued Size 6,78,42,060
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