Pump maker and turnkey water-project EPC firm with 12 plants across India, Italy, South Africa, Australia.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 115 | −36.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 12.2 | −3.4 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 6.2 | −67.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 11.54 | +0.7 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | -7.98 | +2.4 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 8.39 | −5.9 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Guidance
5 of 7 judged targets kept · 6 open · verdicts reflect calls analysed to Q1 FY27.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Consolidated EBITDA Margin | between 15% and 20% | Q3 FY25 | Q1 FY27 margin was 15.04%, within the target range. | Achieved |
| NSE Listing | apply soon | Q4 FY26 | No update provided on the NSE listing application. | Ghosted |
| JJM Receivables | cleared shortly | Q3 FY25 | Receivables still at ₹300-350 cr. Funds were not released in Q1. New target: 'substantial inflow this quarter' (Q2 FY27). | Missed |
2 of WPIL Limited's 13 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 10 more targets are in the full ledger.
Claimed
Qualified
Price
1Y: ₹445.95 on 24 Oct 2025 → ₹392.05. High ₹505.8 (24 Jun 2026), low ₹345.9 (30 Mar 2026).
Overview
Based on the company's own presentations, annual report and earnings calls.
WPIL Limited designs and manufactures engineered pumps (vertical, horizontal, engineered, submersible and specialty types) for irrigation, municipal water supply, power, oil & gas, petrochemical and industrial applications, and separately executes turnkey water infrastructure projects (intake systems, water treatment, irrigation networks, sewage and drainage) for municipal, irrigation and industrial clients in India and Africa. It operates through a Product Division and a Project Division, earning through direct product sales plus engineering, civil, electrical and mechanical execution of large-scale water schemes, including under Indian government programs such as Jal Jeevan Mission and AMRUT. Growth has been built via a buy-and-build strategy, acquiring pump and project companies in Italy, South Africa and Australia to add manufacturing capacity, engineering capability and export markets alongside its India base.
Segments
close before → close after
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Guidance
5 of 7 judged targets kept · 6 open · verdicts reflect calls analysed to Q1 FY27.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Consolidated EBITDA Margin | between 15% and 20% | Q3 FY25 | Q1 FY27 margin was 15.04%, within the target range. | Achieved |
| NSE Listing | apply soon | Q4 FY26 | No update provided on the NSE listing application. | Ghosted |
| JJM Receivables | cleared shortly | Q3 FY25 | Receivables still at ₹300-350 cr. Funds were not released in Q1. New target: 'substantial inflow this quarter' (Q2 FY27). | Missed |
Claimed
Qualified
The full ledger
A free account opens 5 company ledgers a month. All 13 tracked commitments, with each call’s wording and source.
Call summaries
WPIL Q1 FY27
WPIL Limited reported a strong Q1 FY27 with consolidated revenue up 32% YoY to INR501 crores and EBITDA margins at 15.04%, primarily driven by robust international performance. The total order book stands at INR5,270 crores, offering good visibility. However, the domestic project business remained subdued, and the company is addressing a debarment notice from the MP government and delayed fund releases impacting stand-alone results.
Read the full callWPIL Q4 FY26
WPIL Limited reported resilient FY26 consolidated performance with 3% revenue growth to INR1,855 crores and a 9% rise in EBITDA to INR318 crores. International business was a key growth driver, with revenues surging to INR1,136 crores. The total order book stands at INR6,000 crores, providing strong visibility, despite a subdued domestic project business and a 11% YoY decline in Q4 consolidated revenue.
Read the full callWPIL Q3 FY26
WPIL Limited delivered a strong consolidated performance in Q3 FY26, driven by significant growth in international business and product orders. Consolidated revenue and EBITDA saw substantial year-on-year increases, reflecting effective execution and improved margins. The company maintains a robust order book of INR 5,229 crores, providing clear revenue visibility. Despite challenges with working capital tied up in domestic projects, management anticipates normalization with upcoming government fund flows and remains focused on strategic growth and margin expansion across its diversified portf
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: −67% (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 | 330 | 218 | 361 | 181 | 176 | 204 | 201 | 115 |
| Expenses | 266 | 185 | 297 | 153 | 141 | 156 | 151 | 101 |
| Operating profit | 63 | 33 | 64 | 28 | 35 | 49 | 50 | 14 |
| Operating margin | 19.2% | 15.1% | 17.9% | 15.6% | 20.0% | 23.8% | 25.0% | 12.2% |
| Other income | 8 | 6 | 8 | 9 | 10 | 7 | 13 | 3 |
| Interest | 7 | 9 | 9 | 9 | 10 | 10 | 8 | 6 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 2 |
| Profit before tax | 63 | 28 | 62 | 26 | 34 | 44 | 52 | 9 |
| Tax rate | 25.5% | 26.6% | 25.5% | 26.4% | 25.5% | 25.3% | 23.1% | 29.1% |
| Net profit | 47 | 20 | 46 | 19 | 25 | 33 | 40 | 6 |
| EPS (₹ per share) | 4.77 | 2.08 | 4.72 | 1.94 | 2.56 | 3.35 | 4.11 | 0.63 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 1,678 | 1,077 | 1,148 | 763 |
| Expenses | 1,389 | 884 | 947 | 600 |
| Operating profit | 291 | 193 | 201 | 162 |
| Other income | 55 | 31 | 30 | 38 |
| Interest | 24 | 17 | 31 | 37 |
| Depreciation | 31 | 7 | 7 | 9 |
| Profit before tax | 288 | 199 | 193 | 155 |
| Net profit | 219 | 142 | 144 | 117 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 10 | 10 | 10 | 10 | 10 | 10 |
| Reserves | 514 | 647 | 750 | 874 | 1,467 | 973 |
| Borrowings | 43 | 44 | 137 | 304 | 576 | 357 |
| Other liabilities | 331 | 481 | 606 | 436 | 1,085 | 282 |
| Total liabilities | 899 | 1,182 | 1,504 | 1,624 | 3,138 | 1,622 |
| Fixed assets | 48 | 88 | 100 | 120 | 621 | 128 |
| Capital work in progress | 0 | 0 | 2 | 1 | 14 | 0 |
| Investments | 49 | 49 | 49 | 49 | 36 | 40 |
| Other assets | 802 | 1,045 | 1,352 | 1,454 | 2,467 | 1,454 |
| Total assets | 899 | 1,182 | 1,504 | 1,624 | 3,138 | 1,622 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 90 | 53 | 64 | -56 | -190 | -95 |
| Cash from investing | -7 | -33 | -57 | 20 | 73 | 186 |
| Cash from financing | -84 | 9 | -21 | 37 | 104 | -9 |
| Net cash flow | -2 | 28 | -14 | 1 | -13 | 82 |
| Free cash flow | 88 | 51 | 59 | -77 | -203 | -104 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 165 | 185 | 131 | 206 | 214 | 369 |
| Inventory days | 121 | 224 | 290 | 401 | 279 | 253 |
| Days payable | 152 | 800 | 1047 | 1045 | 604 | 293 |
| Cash conversion cycle | 134 | -392 | -625 | -438 | -111 | 329 |
| Working capital days | 90 | 33 | 32 | 63 | 115 | 287 |
| Return on capital employed | 18.0% | 19.0% | 32.0% | 27.0% | 21.0% | 15.0% |
| Dividend payout | 16.0% | 15.0% | 14.0% | 28.0% | 14.0% | 17.0% |
The businesses behind the company’s reported revenue.
Projects (works Contract) contributes 52.0% of reported segment revenue.
Quarter ended 30 Jun 2026 · Consolidated
₹260.39 crore
₹240.14 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| Projects (works Contract) | 260.39 | 52.0% |
| Pumps & Acessories | 240.14 | 48.0% |
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.
Each segment’s share of reported revenue, quarter by quarter.
| Segment | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Projects (works Contract) | — | — | — | — | — | — | — | 52% | — |
| Pumps & Acessories | — | — | — | 54% | — | — | — | 48% | +16.8% |
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 ₹392, this stock must grow earnings at 28% every year for 7 years. Our analysis caps realistic growth at ~-12%. At that growth it is worth ₹48 — downside of 88%.
Ownership
Promoters hold 70.79% as of Sept 2026; institutions added 0.14 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 1 off the list — both are in the register beside this.
Named in the Sep 2026 filing
Every holder of WPIL Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 41.33% | unchanged | |
| 19.77% | newly disclosed | |
| 6.55% | unchanged | |
| Endowment | 5.06% | unchanged |
| Mutual fund | 2.43% | unchanged |
| 2.19% | unchanged | |
| 1.96% | unchanged | |
| 1.54% | unchanged | |
| 0.35% | unchanged | |
| 0.22% | unchanged | |
| 0.20% | unchanged | |
| 0.20% | 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.
Your own record
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