WENDT

Wendt India share price & financials

Price
₹7,909
Market cap
₹1.8k Cr
Sector
Capital Goods
Calls analysed
1
Latest concall · Q1 FY26 · call held 21 Jul 2025

Wendt India Q1 FY27

FY24-25 Domestic Sales ₹168.34 cr +7%FY24-25 Export Sales ₹43.63 cr −12%FY24-25 PBT ₹49.69 cr −5%FY24-25 PAT ₹38.29 cr −3%

What went well

  • FY24-25 domestic sales were ₹168.34 crores, higher by 7% YoY, driven by demand from user industries like auto and ancillaries.
  • Q1 FY26 overall sales grew 6% YoY to ₹46.49 crores, with domestic super abrasives growing 11% and export sales growing 19% YoY to ₹10.78 crores.
  • Capex for FY24-25 was ₹58.29 crores, significantly up from ₹11.15 crores in the previous year, funded entirely by internal accruals.

What to watch

  • FY24-25 profit before tax (PBT) was ₹49.69 crores, lower by 5% YoY, and profit after tax (PAT) was ₹38.29 crores, lower by 3% YoY.
  • Q1 FY26 PAT declined 34% YoY to ₹4.95 crores, and EBITDA declined 18% YoY.
Read the full call →

What Wendt India does

Wendt (India) is a super-abrasives and precision grinding solutions manufacturer, originally set up in 1980 as a joint venture between Germany's Wendt GmbH and The House of Khataus. It designs and makes diamond and CBN grinding wheels, rotary and stationary dressers, bonded abrasive products, CNC grinding and honing machines, and precision-ground steel and carbide components for industries such as automotive, cutting tools, bearings, engineering, steel, aerospace and defense. It sells through a direct channel of application-trained sales engineers as well as through dealers, and exports to markets including the US, UK, Germany, South Korea, Taiwan and Australia.

Segments

  • Super Abrasives
  • Machines and Accessories
  • Precision Products
Manufacturing & processing facilities
3 (1 manufacturing plant in Hosur, Tamil Nadu; 1 re-profiling unit in Thailand; 1 insert-grinding unit in Pune)
Hosur plant area
16.38 acres
Team strength
490+
Direct customers
118 customers
Dealer network
78 dealers
Business segments
3 (Super Abrasives, Machines & Accessories, Precision Products)
Founded 1980Headquarters Bangalore, Karnataka, India Company website

Guidance record · Q1 FY26

what the last two calls moved 2 tracked 0 delivered 0 missed 2 open
  • FY26 Capex open said Q1 FY26 Promised: Capex plan of close to about 25 crores for FY26 Q1 FY26: Management guided for a Capex of approximately ₹25 crores for FY26.

All 2 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 36.6%, net profit up 63.5% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue56 53 76 52 57 +2%61 +14%67 −12%71 +37%
EBITDA13 11 18 7 7 −47%7 −34%11 −41%11 +51%
Net profit11 8 13 4 3 −75%3 −64%5 −61%6 +63%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −10.2% 1Y

₹6k₹7k₹8k₹9k₹10kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹9,818.5 on 10 Sept 2025 → ₹8,812.5. High ₹9,818.5 (10 Sept 2025), low ₹5,924.5 (30 Mar 2026).

Financials, as filed

Revenue grew 4.0% a year over 3 years, FY23 to FY26. Operating margin narrowed to 13.6%.

Year endingFY23FY24FY25FY26
Revenue₹210 Cr₹227 Cr₹234 Cr₹236 Cr
Operating profit₹56 Cr₹56 Cr₹53 Cr₹32 Cr
Operating margin26.7%24.5%22.5%13.6%
Interest₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Depreciation₹8 Cr₹9 Cr₹10 Cr₹15 Cr
Net profit₹40 Cr₹41 Cr₹39 Cr₹15 Cr
Net margin19.1%18.1%16.9%6.2%
Cash from operations₹33 Cr₹30 Cr₹34 Cr₹22 Cr
Free cash flow₹23 Cr₹14 Cr₹-21 Cr₹9 Cr
ROCE29.0%25.0%20.0%8.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹2 Cr₹2 Cr₹2 Cr₹2 Cr₹2 Cr₹2 Cr
Reserves₹141 Cr₹160 Cr₹187 Cr₹210 Cr₹246 Cr₹252 Cr
Borrowings₹1 Cr₹1 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Other liabilities₹41 Cr₹41 Cr₹40 Cr₹44 Cr₹42 Cr₹52 Cr
Total liabilities₹185 Cr₹204 Cr₹229 Cr₹256 Cr₹290 Cr₹306 Cr
Fixed assets₹56 Cr₹54 Cr₹56 Cr₹58 Cr₹108 Cr₹106 Cr
Capital work in progress₹1 Cr₹1 Cr₹2 Cr₹2 Cr₹4 Cr₹3 Cr
Investments₹37 Cr₹64 Cr₹71 Cr₹73 Cr₹51 Cr₹47 Cr
Other assets₹90 Cr₹85 Cr₹100 Cr₹122 Cr₹127 Cr₹149 Cr
Total assets₹185 Cr₹204 Cr₹229 Cr₹256 Cr₹290 Cr₹306 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, DIIs added +2.79 pp while the public trimmed −1.63 pp. The shareholder count grew 17% to 26,857.

Promoters
37.5%
FIIs
1.2%
DIIs
12.0%
Public
49.4%

Since Jun 2025

  • DIIs +2.79 pp
  • Public −1.63 pp
  • FIIs −1.19 pp

How it drifted, 12 quarters

Over this window promoters fell from 75.0% to 37.5% — −37.5 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 75.0%, FIIs 0.0%, DIIs 6.8%, Public 18.2%.Dec '23: Promoters 75.0%, FIIs 0.0%, DIIs 6.8%, Public 18.1%.Mar '24: Promoters 75.0%, FIIs 0.1%, DIIs 6.8%, Public 18.2%.Jun '24: Promoters 75.0%, FIIs 0.0%, DIIs 6.8%, Public 18.2%.Sep '24: Promoters 75.0%, FIIs 0.0%, DIIs 6.7%, Public 18.2%.Dec '24: Promoters 75.0%, FIIs 0.0%, DIIs 6.7%, Public 18.2%.Mar '25: Promoters 75.0%, FIIs 0.1%, DIIs 6.7%, Public 18.2%.Jun '25: Promoters 37.5%, FIIs 2.4%, DIIs 9.2%, Public 51.0%.Sep '25: Promoters 37.5%, FIIs 1.8%, DIIs 9.6%, Public 51.1%.Dec '25: Promoters 37.5%, FIIs 1.1%, DIIs 9.8%, Public 51.5%.Mar '26: Promoters 37.5%, FIIs 1.0%, DIIs 12.8%, Public 48.7%.Jun '26: Promoters 37.5%, FIIs 1.2%, DIIs 12.0%, Public 49.4%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Wendt India above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Carborundum Universal Limited 37.50%unchanged
SBI Contra Fund Mutual fund8.32%unchanged
Mirae Asset Small Cap Fund Mutual fund2.62%+0.19 pp
Mukul Mahavir Agrawal 2.50%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.

Mutual funds in WENDT

Filings to Aug 2026

0 new, 0 added, 0 trimmed, 0 sold out — net +0.00 L shares (+0.0%).

Held by funds
₹136 Cr
1 schemes
Biggest holder
SBI Contra Fund
₹136 Cr · 0.3% of that fund
SchemeHoldingLast month
SBI Contra Fund SBI Mutual Fund₹136 Crheld

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

0 added, 0 trimmed — net 0 shares (+0.0%)

Funds are sitting on
+55%
vs est. average cost
Held by funds
₹136 Cr
1 schemes · ≈ 7.5% of the company

Shares held by these funds +28%

Aug '23 1.66 L shares Jul '26

What the price assumes

Growth trap

To justify its price of ₹8812, this stock must grow earnings at 49% every year for 7 years. Our analysis caps realistic growth at ~-29%. At that growth it is worth ₹159 — downside of 98%.

Growth the price implies
49.3% a year
for 7 years, fading to 4%
It has actually compounded at
-28.7% a year
net profit, FY23–FY26 · EPS -28.7%
The gap
0.8 pp
-98% downside if it only repeats history
Price today ₹8,812.5 Value at the reference growth ₹159.36

Change the assumptions yourself →

Learn to analyse Wendt India

Guides on how to read this kind of business and the numbers that matter.