Market leader in Indian super abrasives, making grinding wheels, CNC machines and precision ground parts.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 72.5 | +28.2% YoY | Quarterly, as filed | Quarter to Sept 2026 | Revenue from operations as filed. |
| Operating margin | 14.6 | +2.8 pts YoY | Operating profit / revenue | Quarter to Sept 2026 | For the quarter; a change is in percentage points. |
| Net profit | 5.5 | +103.3% YoY | Quarterly, as filed | Quarter to Sept 2026 | Profit after tax as filed. |
| Return on equity | 7.48 | −9.7 pts | Trailing twelve months | TTM to Sept 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 3.88 | +12.9 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 14.14 | −2.2 pts | Trailing twelve months | TTM to Sept 2026 | Revenue change against the same period one year earlier. |
Guidance
2 targets tracked, none judged yet · 2 open · verdicts reflect calls analysed to Q1 FY26.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| FY26 Capex | Capex plan of close to about 25 crores for FY26 | Q1 FY26 | Management guided for a Capex of approximately ₹25 crores for FY26. | New |
2 of Wendt India's 2 targets are still open. See which are on track and which have gone quiet. The 1 above are the free sample; 1 more target is in the full ledger.
Claimed
Qualified
Price
1Y: ₹8,936 on 24 Oct 2025 → ₹7,138. High ₹8,936 (24 Oct 2025), low ₹5,924.5 (30 Mar 2026).
Overview
Based on the company's own presentations, annual report and earnings calls.
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
Guidance
2 targets tracked, none judged yet · 2 open · verdicts reflect calls analysed to Q1 FY26.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| FY26 Capex | Capex plan of close to about 25 crores for FY26 | Q1 FY26 | Management guided for a Capex of approximately ₹25 crores for FY26. | New |
Claimed
Qualified
The full ledger
A free account opens 5 company ledgers a month. All 2 tracked commitments, with each call’s wording and source.
Call summaries
Wendt India Q1 FY27
Wendt India reported mixed results for FY24-25 and Q1 FY26, with strong domestic sales growth offset by declines in exports and profitability. Significant Capex was undertaken for strategic growth, including brand acquisition and capacity enhancement, funded by internal accruals. The company continues to focus on R&D and market diversification, despite challenges in certain segments and an increase in working capital days.
Read the full callEvery analysed call
Fundamentals
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
Net profit, year on year: +103% (quarter to sept 2026 against sept 2025).
| Line item | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 53 | 76 | 52 | 57 | 61 | 67 | 71 | 73 |
| Expenses | 42 | 57 | 45 | 50 | 53 | 56 | 60 | 62 |
| Operating profit | 11 | 18 | 7 | 7 | 7 | 11 | 11 | 11 |
| Operating margin | 20.6% | 24.3% | 13.9% | 11.8% | 12.0% | 16.1% | 15.4% | 14.6% |
| Other income | 2 | 2 | 2 | 1 | 1 | 1 | 2 | 1 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 2 | 3 | 3 | 4 | 4 | 4 | 4 | 4 |
| Profit before tax | 11 | 17 | 6 | 4 | 5 | 8 | 9 | 8 |
| Tax rate | 22.6% | 24.8% | 31.6% | 38.8% | 40.9% | 35.1% | 30.9% | 29.9% |
| Net profit | 8 | 13 | 4 | 3 | 3 | 5 | 6 | 5 |
| EPS (₹ per share) | 41.10 | 64.45 | 18.90 | 13.50 | 14.90 | 25.45 | 30.90 | 27.45 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 210 | 227 | 234 | 236 |
| Expenses | 154 | 171 | 181 | 204 |
| Operating profit | 56 | 56 | 53 | 32 |
| Other income | 5 | 7 | 9 | 6 |
| Interest | 0 | 0 | 0 | 0 |
| Depreciation | 8 | 9 | 10 | 15 |
| Profit before tax | 53 | 54 | 51 | 23 |
| Net profit | 40 | 41 | 39 | 15 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 | Sept 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 2 | 2 | 2 | 2 | 2 | 2 |
| Reserves | 187 | 210 | 242 | 246 | 252 | 262 |
| Borrowings | 0 | 0 | 1 | 0 | 0 | 0 |
| Other liabilities | 40 | 44 | 56 | 42 | 52 | 52 |
| Total liabilities | 229 | 256 | 301 | 290 | 306 | 316 |
| Fixed assets | 56 | 58 | 100 | 108 | 106 | 105 |
| Capital work in progress | 2 | 2 | 10 | 4 | 3 | 4 |
| Investments | 71 | 73 | 52 | 51 | 47 | 42 |
| Other assets | 100 | 122 | 139 | 127 | 149 | 165 |
| Total assets | 229 | 256 | 301 | 290 | 306 | 316 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 8 | 37 | 33 | 30 | 34 | 22 |
| Cash from investing | -2 | -30 | -17 | -9 | -24 | -3 |
| Cash from financing | -6 | -8 | -16 | -16 | -9 | -9 |
| Net cash flow | 1 | -1 | 0 | 5 | 1 | 10 |
| Free cash flow | -2 | 32 | 23 | 14 | -21 | 9 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 97 | 70 | 70 | 86 | 107 | 84 |
| Inventory days | 181 | 165 | 175 | 160 | 162 | 220 |
| Days payable | 181 | 135 | 121 | 112 | 134 | 136 |
| Cash conversion cycle | 97 | 100 | 124 | 134 | 135 | 168 |
| Working capital days | 75 | 52 | 79 | 85 | 92 | 102 |
| Return on capital employed | 11.0% | 23.0% | 29.0% | 25.0% | 20.0% | 8.0% |
| Dividend payout | 47.0% | 48.0% | 40.0% | 24.0% | 25.0% | 69.0% |
The businesses behind the company’s reported revenue.
Super Abrasives contributes 58.6% of reported segment revenue.
Quarter ended 30 Jun 2026 · Consolidated
₹41.57 crore
₹15.31 crore
₹7.57 crore
₹6.48 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| Super Abrasives | 41.57 | 58.6% |
| Machines and Accessories | 15.31 | 21.6% |
| Precision Components | 7.57 | 10.7% |
| Others | 6.48 | 9.1% |
Share = segment revenue ÷ total segment revenue, before intersegment adjustments.
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.
Machines and Accessories grew from 10% to 22% of revenue over the last two years.
| Segment | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Super Abrasives | 69% | 68% | 46% | 70% | 67% | 63% | 56% | 59% | +15.2% |
| Machines and Accessories | 10% | 11% | — | — | 9% | — | 22% | 22% | — |
| Precision Components | — | — | — | — | — | — | — | 11% | — |
| Others | 8% | 9% | 6% | 10% | 10% | 9% | 9% | 9% | +29.3% |
Share of reported segment revenue by quarter, consolidated basis, as filed. A quarter the company did not report is left blank, never carried forward.
See how segments are shifting across companies → Segment Shift
To justify its price of ₹7138, this stock must grow earnings at 40% every year for 7 years. Our analysis caps realistic growth at ~-29%. At that growth it is worth ₹193 — downside of 97%.
Ownership
Public hold 50.06% as of Sept 2026; institutions cut 0.68 pts since Jun 2026.
since Jun 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.
Named in the Sep 2026 filing
Every holder of Wendt India above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 37.50% | unchanged | |
| Mutual fund | 8.32% | unchanged |
| Mutual fund | 2.74% | +0.12 pp |
| 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.
Filings to Sep 2026
0 new, 0 added, 0 trimmed, 0 sold out — net +0.00 L shares (+0.0%).
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| SBI Contra Fund SBI Mutual Fund | ₹139 Cr | held | Aug '21 |
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 Sep 2026
0 added, 0 trimmed — net 0 shares (+0.0%)
Shares held by these funds +28%
Oct '23 1.66 L shares Sep '26
Your own record
Free account: one company. Everything above stays public.
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