Walchandnagar Industries share price & results
- Jun 2026
- Sept 2026
Manufactures critical defence, nuclear (NPCIL) and aerospace (ISRO) hardware, gearboxes and iron castings.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 90.8 | +83.8% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 8.1 | +12.9 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 1.2 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. | |
| Return on equity | -0.85 | +21.0 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | -12.50 | −5.3 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 37.98 | +20.4 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance +8.8% 1Y
1Y: ₹171.47 on 24 Oct 2025 → ₹186.55. High ₹312.05 (19 Jun 2026), low ₹131.65 (30 Mar 2026).
- Previous close
- ₹182.28
- Market cap
- ₹1.2k Cr
- 52-week range
- ₹131.65 – ₹312.05
- One year
- +10.35%
- Return on equity (TTM to Jun 2026)
- -0.85%
Overview
- Symbol
- NSE:WALCHANNAG
- Sector
- Capital Goods
- Industry
- Industrials
- Exchange
- NSE
- Currency
- INR
What Walchandnagar Industries Limited does
Based on the company's own presentations, annual report and earnings calls.
Walchandnagar Industries manufactures high-precision engineering equipment for India's Defence, Nuclear and Aerospace (DNA) programs, supplying items such as missile motor casings, propulsion system hardware and surface launchers to DRDO, and nuclear reactor internals (calandria, end shields, moderator and hairpin heat exchangers) to NPCIL/BARC, plus sub-assemblies (booster motor casings, nozzle segments, crew escape system tanks) for ISRO's PSLV, GSLV and SSLV launch vehicles and the Gaganyaan and Chandrayaan missions. Alongside this, it runs a stable OEM engineering business making industrial gearboxes (marine, cement and sugar applications), centrifugal machines (sugar and process industries), process equipment (heat exchangers, columns, reactors, kilns) and pressure/temperature instrumentation, and operates a foundry casting grey and ductile iron components for machine tools, valves, industrial machinery, automotive and oil & gas customers. Manufacturing is carried out at facilities in Walchandnagar and Satara Road in Maharashtra, and Attikola, Dharwad in Karnataka.
Segments
- DNA (Defence, Nuclear & Aerospace)
- OEM / Engineering (Gearboxes & Centrifugal)
- Foundry
- Other Business
- Manufacturing facilities
- 3 plants — Walchandnagar (Pune) and Satara Road (Satara), Maharashtra; Attikola, Dharwad (Karnataka)
- Years of engineering operation
- 100+ years (founded 1908)
- Association with DAE, NPCIL, BARC, ISRO & MoD
- 50+ years
- Centrifugal machines supplied worldwide
- 4,500+
- Turnkey EP projects executed
- 600+
- Gearboxes installed globally
- 6,500+
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +111% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 68 | 59 | 53 | 49 | 52 | 81 | 93 | 91 |
| Expenses | 74 | 65 | 100 | 52 | 55 | 66 | 89 | 83 |
| Operating profit | -6 | -6 | -47 | -2 | -3 | 15 | 4 | 7 |
| Operating margin | −9.0% | −9.6% | −88.7% | −4.8% | −5.8% | 18.9% | 4.5% | 8.1% |
| Other income | 10 | 3 | 3 | 5 | 4 | 2 | 11 | 7 |
| Interest | 12 | 12 | 9 | 10 | 10 | 10 | 9 | 10 |
| Depreciation | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Profit before tax | -11 | -17 | -56 | -10 | -12 | 5 | 3 | 1 |
| Tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net profit | -11 | -17 | -56 | -10 | -12 | 5 | 3 | 1 |
| EPS (₹ per share) | -1.99 | -3.09 | -8.32 | -1.53 | -1.75 | 0.69 | 0.43 | 0.17 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 322 | 302 | 259 | 275 |
| Expenses | 356 | 302 | 331 | 261 |
| Operating profit | -35 | 0 | -72 | 14 |
| Other income | 127 | 22 | 40 | 21 |
| Interest | 54 | 49 | 44 | 38 |
| Depreciation | 19 | 15 | 11 | 11 |
| Profit before tax | 20 | -42 | -86 | -15 |
| Net profit | 20 | -42 | -86 | -15 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 8 | 9 | 11 | 13 | 14 | 14 |
| Reserves | 169 | 251 | 350 | 359 | 335 | 345 |
| Borrowings | 448 | 293 | 241 | 194 | 194 | 219 |
| Other liabilities | 309 | 275 | 274 | 306 | 323 | 304 |
| Total liabilities | 934 | 828 | 876 | 872 | 865 | 881 |
| Fixed assets | 312 | 285 | 272 | 245 | 244 | 264 |
| Capital work in progress | 4 | 2 | 1 | 8 | 28 | 17 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 617 | 541 | 602 | 619 | 593 | 600 |
| Total assets | 934 | 828 | 876 | 872 | 865 | 881 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 71 | 28 | 76 | 11 | 16 | -11 |
| Cash from investing | -8 | 26 | 8 | 4 | -15 | -14 |
| Cash from financing | -64 | -54 | -85 | 39 | -1 | -10 |
| Net cash flow | 0 | 0 | -1 | 54 | -1 | -35 |
| Free cash flow | 67 | 26 | 75 | 9 | -19 | -34 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 235 | 269 | 210 | 185 | 99 | 114 |
| Inventory days | 378 | 475 | 279 | 380 | 363 | 451 |
| Days payable | 174 | 234 | 170 | 201 | 186 | 220 |
| Cash conversion cycle | 439 | 509 | 319 | 363 | 275 | 346 |
| Working capital days | -14 | 34 | -3 | 0 | -36 | -52 |
| Return on capital employed | 3.0% | 2.0% | −5.0% | 0.0% | −8.0% | 4.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Where revenue comes from
The businesses behind the company’s reported revenue.
Heavy Engineering contributes 76.6% of reported segment revenue.
Quarter ended 30 Jun 2026 · Standalone
- Heavy Engineering 76.6%
₹70.11 crore
- Foundry and Machine Shop 16.8%
₹15.34 crore
- Others 6.7%
₹6.11 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| Heavy Engineering | 70.11 | 76.6% |
| Foundry and Machine Shop | 15.34 | 16.8% |
| Others | 6.11 | 6.7% |
Share = segment revenue ÷ total segment revenue, before intersegment adjustments.
How these numbers add up
- Total segment revenue
- ₹91.56 crore
- Intersegment adjustment
- ₹0.73 crore
- Net segment revenue
- ₹90.83 crore
Intersegment transactions are between the company’s own businesses. Net segment revenue can differ from income-statement revenue because reporting definitions differ.
Source: FinEdge · Last checked 19 Sept 2026. Reported segment names are kept as supplied.
Ownership
Who owns it
Public hold 67.49% as of Sept 2026; institutions cut 1.93 pts since Jun 2026.
- Promoters 31.55%
- Foreign institutions 0.73%
- Domestic institutions 0.21%
- Government 0.02%
- Public 67.49%
Who bought this quarter
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- newly disclosed 0.56% held
- newly disclosed 0.01% held
- newly disclosed 0.01% held
The same filing shows 1 holder trimming and 2 off the list — both are in the register beside this.
Who is on the register
Named in the Sep 2026 filing
Every holder of Walchandnagar Industries Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 14.47% | unchanged | |
| 8.51% | unchanged | |
| 4.42% | unchanged | |
| 2.95% | unchanged | |
| 1.51% | unchanged | |
| 1.42% | −0.16 pp | |
| 1.00% | unchanged | |
| 0.56% | newly disclosed | |
| 0.50% | unchanged | |
| 0.09% | unchanged | |
| 0.03% | unchanged | |
| 0.02% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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