Wendt (India) Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Super Abrasives: 63.5% • Machines , Accessories and Components: 14.5% • Precision Products: 12.8%
AI Sector View
AI GENERATEDCapital Goods
Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.
PROS
- Company is almost debt free
- Latest quarter profit grew 63.5% YoY, showing strong momentum
- Company has consistently been profitable over the last 5 years
- Company has been maintaining a healthy dividend payout of 41.2%
- Company has a consistent dividend-paying track record
- Company generates healthy free cash flow
CONS
- Recent results are weak - TTM profit is down 49.2% versus prior year
- Promoter holding has decreased over last 2 years: -37.5pp
- A large part of profit comes from other income (28.7% of PBT)
- Valuation is stretched - P/E of 104.0 is well above its own 5-year median (55.4)
- Operating margins have contracted to 13.3% from 29.3%
- Company has delivered a poor profit growth of 2.7% over past five years
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| GRINDWELL | 1883.80 | 47.80 | 20857.43 | 1.01 | 115.32 | 22.10 | 803.29 | 14.75 | 23.52 | 19.60 |
| CARBORUNIV | 1074.20 | 97.80 | 20464.09 | 0.37 | 80.34 | 33.04 | 1426.63 | 18.23 | 7.66 | 10.22 |
| WENDT | 8814.80 | 104.01 | 1762.96 | 0.34 | 6.18 | 63.49 | 71.28 | 38.06 | 9.32 | 15.43 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 51 | 50 | 54 | 69 | 48 | 55 | 53 | 75 | 52 | 56 | 60 | 66 | 71 | |
| 39 | 39 | 41 | 53 | 39 | 43 | 42 | 57 | 45 | 50 | 53 | 56 | 64 | |
| Operating Profit | 12 | 12 | 13 | 17 | 10 | 12 | 10 | 18 | 7 | 6 | 7 | 10 | 7 |
| OPM % | 23.53% | 23.51% | 23.81% | 24.37% | 20.50% | 21.96% | 19.54% | 23.61% | 13.05% | 11.16% | 11.36% | 14.89% | 10.42% |
| 2 | 2 | 2 | 2 | 2 | 3 | 2 | 2 | 2 | 1 | 1 | 1 | 2 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 4 | 4 | 4 | 4 |
| Profit before Tax | 12 | 12 | 13 | 17 | 10 | 13 | 11 | 17 | 6 | 4 | 5 | 8 | 9 |
| Tax % | 25.76% | 25.35% | 26.04% | 21.71% | 25.44% | 18.77% | 22.60% | 24.84% | 31.65% | 38.78% | 40.87% | 35.08% | 30.87% |
| Net Profit | 0 | 0 | 0 | 0 | 8 | 11 | 8 | 13 | 4 | 3 | 3 | 5 | 6 |
| 45.13 | 44.75 | 47.96 | 66.93 | 38.43 | 53.45 | 41.10 | 64.45 | 18.93 | 13.47 | 14.90 | 25.45 | 30.90 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 146 | 147 | 165 | 143 | 137 | 179 | 210 | 227 | 234 | 236 | 254 | |
| 121 | 120 | 135 | 124 | 114 | 137 | 154 | 171 | 181 | 205 | 223 | |
| Operating Profit | 26 | 27 | 30 | 19 | 22 | 42 | 56 | 56 | 53 | 31 | 30 |
| OPM % | 17.46% | 18.23% | 18.23% | 13.34% | 16.45% | 23.52% | 26.87% | 24.71% | 22.73% | 13.29% | 11.97% |
| 2 | 3 | 3 | 5 | 4 | 4 | 5 | 7 | 9 | 7 | 5 | |
| Interest | 1 | 1 | 0 | 1 | 1 | 1 | 0 | 0 | 1 | 0 | 0 |
| Depreciation | 10 | 10 | 10 | 9 | 9 | 9 | 8 | 9 | 10 | 15 | 15 |
| Profit before Tax | 17 | 18 | 22 | 14 | 17 | 37 | 53 | 54 | 51 | 23 | 26 |
| Tax % | 27.27% | 27.25% | 29.70% | 26.35% | 24.93% | 26.66% | 24.39% | 24.46% | 22.94% | 36.24% | 35.38% |
| Net Profit | 12 | 13 | 15 | 10 | 13 | 27 | 40 | 41 | 39 | 15 | 17 |
| EPS | 60.26 | 65.62 | 77.07 | 50.13 | 63.83 | 135.34 | 200.45 | 204.75 | 197.40 | 72.75 | — |
| Dividend Payout % | 41.49% | 38.10% | 38.93% | 49.87% | 47.00% | 48.03% | 39.91% | 24.42% | 25.33% | 41.24% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 6%
- 5 Years:
- 12%
- 3 Years:
- 4%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 3%
- 5 Years:
- 3%
- 3 Years:
- -29%
STOCK PRICE CAGR
- 10 Years:
- 16%
- 5 Years:
- 16%
- 3 Years:
- -14%
- 1 Year:
- -9%
RETURN ON EQUITY
- 10 Years:
- 14%
- 5 Years:
- 17%
- 3 Years:
- 15%
- Last Year:
- 6%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| 110 | 120 | 128 | 136 | 141 | 160 | 187 | 210 | 242 | 252 | |
| 1 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 1 | 0 | |
| Trade Payables | 14 | 19 | 24 | 22 | 25 | 23 | 24 | 25 | 31 | 33 |
| 17 | 19 | 25 | 23 | 16 | 18 | 16 | 18 | 25 | 19 | |
| Total Liabilities | 145 | 160 | 180 | 183 | 185 | 204 | 229 | 256 | 301 | 306 |
| 61 | 57 | 55 | 54 | 56 | 54 | 56 | 58 | 100 | 106 | |
| Capital Work in Progress | 2 | 2 | 5 | 4 | 1 | 1 | 2 | 2 | 10 | 3 |
| 15 | 22 | 36 | 36 | 37 | 64 | 71 | 73 | 52 | 47 | |
| 21 | 21 | 25 | 28 | 25 | 28 | 34 | 36 | 37 | 53 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 54 | 68 | 54 | |
| Cash & Bank | 7 | 12 | 18 | 22 | 15 | 14 | 13 | 18 | 19 | 28 |
| 39 | 45 | 41 | 39 | 51 | 43 | 52 | 14 | 15 | 13 | |
| Total Assets | 145 | 160 | 180 | 183 | 185 | 204 | 229 | 256 | 301 | 306 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 22 | 28 | 42 | 21 | 13 | 45 | 44 | 30 | 34 | 22 | |
| Cash from Investing | -13 | -15 | -24 | -12 | -1 | -30 | -18 | -8 | -26 | -5 |
| Cash from Financing | -6 | -6 | -7 | -3 | -6 | -8 | -16 | -16 | -9 | -9 |
| -0 | 2 | 2 | 1 | 1 | -1 | -1 | 5 | -1 | 7 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-11 - Significant increase in volume has been observed in Wendt (India) Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Wendt (India) Limited has submitted their response.
2026-09-10 - Significant increase in volume has been observed in Wendt (India) Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written to the company. The response from the company is awaited.
2026-09-03 - Wendt (India) Limited has informed the Exchange about Copy of Newspaper Publication regarding notice of special window for re-lodgement of transfer requests of physical shares.
2026-08-04 - Wendt (India) Limited has informed the Exchange about ESG rating assigned by Crisil ESG Ratings & Analytics Limited
2026-08-03 - Wendt (India) Limited has informed the Exchange regarding Appointment of Ms Lakshmi Tulasi Inturi as Other of the company w.e.f. August 03, 2026.
2026-07-24 - Wendt (India) Limited has informed the Exchange regarding Proceedings of 44th Annual General Meeting held on July 24, 2026
2026-07-24 - Wendt (India) Limited has informed the Exchange regarding a press release dated July 24, 2026, titled "Unaudited Financial results for the quarter ended 30th June 2026".
2026-07-24 - Wendt (India) Limited has informed the Exchange about change in Senior Management.
2026-07-24 - Wendt (India) Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
News
Recent coverage and analyst commentary for WENDT
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