WHBRADY
W.H. Brady & Co. financials
- Market cap
- ₹122 Cr
- Sector
- Capital Goods
Quarterly results
Q1 FY27: revenue down 17.6%, net profit down 5.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 27 | 23 | 30 | 24 | 17 −38% | 27 +15% | 21 −30% | 19 −18% |
| EBITDA | 4 | 3 | 2 | 2 | 1 −62% | 3 −19% | -1 −138% | 1 −67% |
| Net profit | 4 | 3 | 16 | 3 | 1 −71% | 3 −9% | -0 −101% | 2 −5% |
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 −28.8% 1Y
1Y: ₹674.9 on 10 Sept 2025 → ₹480.5. High ₹804 (19 Sept 2025), low ₹480.5 (10 Sept 2026).
Financials, as filed
Revenue fell 0.5% a year over 2 years, FY24 to FY26. Operating margin narrowed to 5.9%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹89 Cr | ₹105 Cr | ₹89 Cr |
| Operating profit | ₹11 Cr | ₹13 Cr | ₹5 Cr |
| Operating margin | 12.6% | 12.1% | 5.9% |
| Interest | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Depreciation | ₹1 Cr | ₹2 Cr | ₹3 Cr |
| Net profit | ₹11 Cr | ₹27 Cr | ₹6 Cr |
| Net margin | 12.6% | 25.9% | 7.3% |
| Cash from operations | ₹8 Cr | ₹-0 Cr | ₹5 Cr |
| Free cash flow | ₹5 Cr | ₹19 Cr | ₹-6 Cr |
| ROCE | 20.9% | 12.9% | 8.5% |
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 ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹3 Cr | ₹3 Cr | ₹3 Cr | ₹3 Cr | ₹3 Cr | ₹3 Cr |
| Reserves | ₹61 Cr | ₹43 Cr | ₹48 Cr | ₹58 Cr | ₹83 Cr | ₹84 Cr |
| Borrowings | ₹4 Cr | ₹6 Cr | ₹6 Cr | ₹5 Cr | ₹9 Cr | ₹8 Cr |
| Other liabilities | ₹18 Cr | ₹25 Cr | ₹25 Cr | ₹34 Cr | ₹37 Cr | ₹36 Cr |
| Total liabilities | ₹86 Cr | ₹76 Cr | ₹81 Cr | ₹100 Cr | ₹132 Cr | ₹130 Cr |
| Fixed assets | ₹36 Cr | ₹11 Cr | ₹12 Cr | ₹15 Cr | ₹16 Cr | ₹25 Cr |
| Capital work in progress | ₹1 Cr | ₹1 Cr | ₹2 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Investments | ₹11 Cr | ₹18 Cr | ₹25 Cr | ₹35 Cr | ₹56 Cr | ₹50 Cr |
| Other assets | ₹38 Cr | ₹46 Cr | ₹43 Cr | ₹50 Cr | ₹59 Cr | ₹54 Cr |
| Total assets | ₹86 Cr | ₹76 Cr | ₹81 Cr | ₹100 Cr | ₹132 Cr | ₹130 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
The ownership split has held steady since Jun 2025. The shareholder count shrank 3% to 1,908.
- Promoters
- 73.8%
- DIIs
- 0.1%
- Public
- 26.1%
Since Jun 2025
- Public −0.01 pp
- Promoters 0.00 pp
- DIIs 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 73.8%, DIIs 0.1%, Public 26.1%.Dec '23: Promoters 73.8%, DIIs 0.1%, Public 26.1%.Mar '24: Promoters 73.8%, DIIs 0.1%, Public 26.1%.Jun '24: Promoters 73.8%, DIIs 0.1%, Public 26.1%.Sep '24: Promoters 73.8%, DIIs 0.1%, Public 26.1%.Dec '24: Promoters 73.8%, DIIs 0.1%, Public 26.1%.Mar '25: Promoters 73.8%, DIIs 0.1%, Public 26.1%.Jun '25: Promoters 73.8%, DIIs 0.1%, Public 26.1%.Sep '25: Promoters 73.8%, DIIs 0.1%, Public 26.1%.Dec '25: Promoters 73.8%, DIIs 0.1%, Public 26.1%.Mar '26: Promoters 73.8%, DIIs 0.1%, Public 26.1%.Jun '26: Promoters 73.8%, DIIs 0.1%, Public 26.1%.
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.
- Vinodchandra Mansukhlal Parekh - 2 newly disclosed 1.55% held
The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of W.H. Brady & Co. Ltd. above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Shivum Holdings Pvt. Ltd. | 39.44% | unchanged |
| Pavan Gokulchand Morarka | 30.68% | unchanged |
| Rachna Pavan Morarka | 3.58% | unchanged |
| Spark Online Private Limited | 3.44% | unchanged |
| Origin Engineers Private Limited | 3.44% | unchanged |
| Vinodchandra Mansukhlal Parekh - 2 | 1.55% | newly disclosed |
| V M Parekh Huf | 1.50% | unchanged |
| Investor Education And Protection Fund Authority Ministry Of Corporate Affairs | 1.35% | unchanged |
| Sharad Kanayalal Shah | 1.15% | unchanged |
| Manju Gaggar | 1.03% | unchanged |
| Vaibhav Pavan Morarka | 0.03% | unchanged |
| Gunjan Properties Private Limited | 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.
What the price assumes
Growth trapTo justify its price of ₹480, this stock must grow earnings at 27% every year for 7 years. Our analysis caps realistic growth at ~-26%. At that growth it is worth ₹28 — downside of 94%.
- Growth the price implies
- 27.3% a year
- for 7 years, fading to 4%
- It has actually compounded at
- -24.2% a year
- net profit, FY24–FY26 · EPS -25.7%
- The gap
- 0.5 pp
- -94% downside if it only repeats history
Learn to analyse W.H. Brady & Co. Ltd.
Guides on how to read this kind of business and the numbers that matter.