🔍

WPIL Ltd (505872)

📊 BSE: 505872 🏢 Industrial Products 📢 Latest filing: 07 Aug 2026 📝 Analysis written: 13 Nov 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, WPIL's revenue was ₹501 Cr (+32.1% year on year, -2.0% on the previous quarter), and net profit ₹59.0 Cr (+127.0% year on year); the operating margin was 15.0%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹501	+32.1%	-2.0%
Operating profit	₹75.3	+53.7%	-0.9%
Net profit	₹59.0	+127.0%	+25.6%
EPS (₹)	3.47	+51.5%	-16.2%
Operating margin	15.0%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

WPIL Ltd Concludes 72nd Annual General Meeting

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 07 Aug 2026, 01:35 PM

WPIL Ltd conducted its 72nd Annual General Meeting (AGM) on August 7, 2026, via video conferencing. The meeting was attended by 60 shareholders, including 4 from the promoter group and 56 from the public. The proceedings were primarily procedural, lasting 42 minutes, with the Managing Director presiding over the session. This filing serves as a summary of the meeting's conduct as per SEBI regulations.

72nd Annual General Meeting successfully held on August 7, 2026
Total of 60 shareholders participated in the meeting through video conferencing
Meeting duration was 42 minutes, starting at 11:00 AM and concluding at 11:42 AM
Board members including the Managing Director and Executive Directors were present

💡 Investors should wait for the separate filing of the voting results to confirm the approval of standard resolutions such as dividends and director re-appointments.

WPIL Ltd Schedules Investor Meeting with Svan Investments on August 10, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 05 Aug 2026, 06:26 PM

WPIL Ltd has scheduled an analyst/investor meeting with Svan Investments via video conferencing on August 10, 2026. This is a routine regulatory disclosure under SEBI LODR Regulations. The company has explicitly stated that no unpublished price sensitive information (UPSI) will be discussed. Investors should note the company currently manages a significant consolidated order book of Rs 3,054 Cr, which is approximately 1.6x its TTM revenue of Rs 1,855 Cr.

Meeting scheduled for August 10, 2026, with Svan Investments
Interaction to be conducted via Video Conferencing
Company manages a consolidated order book of Rs 3,054 Cr as per latest financial context
Standalone order book stands at Rs 2,990 Cr
No unpublished price sensitive information (UPSI) to be shared during the meet

💡 Watch for any post-meeting presentation or transcripts filed with the exchange to gain insights into the execution timeline of the current Rs 3,054 Cr order book.

WPIL Q1 FY27: Consolidated Revenue Up 32% to ₹501 Cr; Order Book Robust at ₹5,270 Cr

🔵 WATCH ⭐ 7/10

EARNINGS 📅 27 Jul 2026, 06:05 PM

WPIL reported a strong consolidated performance for Q1 FY27 with revenue growing 32% YoY to ₹501 Cr, primarily driven by international operations. However, standalone revenue declined 37% YoY to ₹115 Cr due to execution hurdles in domestic water projects (Jal Jeevan Mission). The total order book of ₹5,270 Cr is substantial, representing ~2.8x TTM revenue, providing high visibility. Management is currently addressing a debarment notice from the MP government regarding slow project progress, aiming for resolution within 12 months.

Consolidated revenue reached ₹501 Cr (+32% YoY), while standalone revenue fell to ₹115 Cr (-37% YoY).
Total order book stands at ₹5,270 Cr, comprising ₹4,241 Cr in projects and ₹1,029 Cr in products.
International revenue surged to ₹386 Cr from ₹197 Cr in the previous year's quarter, now contributing 77% of total revenue.
Domestic project division revenue was subdued at ₹43 Cr due to sector-wide funding and clearance delays.
Operation & Maintenance (O&M) order book reached ₹530 Cr, expected to provide higher margins starting next year.

💡 Monitor the resolution of the Madhya Pradesh government debarment and the pace of fund releases for domestic water projects. Watch for the transition of completed projects into the higher-margin O&M phase in FY28.

WPIL Ltd Releases Q1-FY27 Earnings Call Audio Recording

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 24 Jul 2026, 08:52 PM

WPIL Ltd has disclosed the audio recording of its Q1-FY27 earnings conference call held on July 24, 2026. The company currently operates with a significant consolidated order book of Rs 3,054 Cr, representing approximately 165% of its TTM revenue of Rs 1,855 Cr. Management's commentary in such calls typically focuses on the execution of large-scale turnkey irrigation projects and the strategy to scale Operations & Maintenance (O&M) revenue to Rs 70-100 Cr by FY27. This filing is a standard regulatory requirement following quarterly results.

Audio recording of Q1-FY27 earnings call held on July 24, 2026, is now publicly accessible.
Company is managing a massive standalone order book of Rs 2,990 Cr.
Targeting an O&M portfolio of Rs 70-100 Cr by FY27 to increase recurring revenue.
Maintains an expected growth rate of 15-18% driven by water supply and irrigation projects.
EBITDA margins are historically supported in the 16-20% range due to high product customization.

💡 Investors should review the recording for updates on the working capital cycle and any potential delays in state government payments, which are critical for the company's project-heavy business model.

Rs 500.5 Cr Q1-FY27 Revenue; WPIL Reports 32% YoY Growth with 15.04% EBITDA Margin

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 24 Jul 2026, 03:17 PM

WPIL Ltd reported a strong start to FY27 with Q1 revenue reaching Rs 500.5 Cr, a 32% increase over the Rs 379 Cr reported in Q1-FY26. While EBITDA margins at 15.04% are slightly below the FY26 average of 17.16%, PAT margins remained healthy at 11.79% (Rs 59 Cr). The company's global strategy is evident with 57% of revenue now coming from international markets, primarily Italy and South Africa. With a consolidated order book of Rs 3,054 Cr, the company has revenue visibility equivalent to ~1.6x its TTM revenue.

Q1-FY27 Revenue stood at Rs 500.5 Cr, representing approximately 27% of the total FY26 annual revenue in one quarter.
Consolidated order book remains robust at Rs 3,054 Cr, providing strong visibility against TTM revenue of Rs 1,855 Cr.
International operations contributed 57% of quarterly revenue, with Italy at 30% and South Africa at 23%.
Net Profit (PAT) for the quarter was Rs 59 Cr, yielding a margin of 11.79%.
The company maintains a global footprint with 12 manufacturing facilities and over 1,500 employees across four continents.

💡 Watch for the company's ability to bring EBITDA margins back toward the 16-20% target range and the progress of the O&M portfolio, which is targeted to reach Rs 70-100 Cr by FY27.

WPIL Ltd Approves Q1 FY27 Financial Results; Board Meeting Concluded

🟡 NEUTRAL ⭐ 6/10

EARNINGS 📅 24 Jul 2026, 01:42 PM

WPIL Ltd has approved its unaudited financial results for the quarter ended June 30, 2026. The board meeting was held on July 24, 2026, lasting approximately 1 hour and 50 minutes. While the specific financial tables were not detailed in this cover letter, the company entered the fiscal year with a robust consolidated order book of Rs 3,054 Cr, which is approximately 1.6x its TTM revenue of Rs 1,855 Cr. Investors should compare these results against the June 2025 quarter, which saw revenue of Rs 379 Cr and PAT of Rs 26 Cr.

Board of Directors approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.
The board meeting commenced at 11:30 hrs and concluded at 13:20 hrs on July 24, 2026.
Company maintains a massive standalone order book of Rs 2,990 Cr as per latest corporate context.
Consolidated order book stands at Rs 3,054 Cr, representing approximately 165% of TTM revenue.
The company is targeting an O&M portfolio of Rs 70-100 Cr by FY27 to increase recurring revenue.

💡 Investors should examine the full financial tables to verify if EBITDA margins remain within the guided 16-20% range and monitor the progress of the Rs 3,054 Cr order book execution.

WPIL Ltd Schedules Investor Meeting with SBI General Insurance on July 28, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 22 Jul 2026, 05:04 PM

WPIL Ltd has announced a scheduled interaction with SBI General Insurance via video conferencing on July 28, 2026. This is a routine regulatory disclosure under SEBI LODR regulations. The company has explicitly stated that no unpublished price sensitive information (UPSI) will be shared during the meeting. Investors should note that WPIL currently maintains a substantial consolidated order book of Rs 3,054 Cr, which is approximately 1.6x its TTM revenue of Rs 1,855 Cr.

Investor meeting scheduled for Tuesday, July 28, 2026
Interaction to be conducted via Video Conferencing with SBI General Insurance
Company maintains a consolidated order book of Rs 3,054 Cr as per latest context
Targeting O&M portfolio expansion to reach Rs 70-100 Cr by FY27
No unpublished price sensitive information (UPSI) to be discussed

💡 Monitor the company's website or exchange filings for any post-meeting presentations or transcripts to gain insights into management's execution strategy for the current order book.

July 24: WPIL Ltd to Discuss Q1FY27 Results and Rs 3,054 Cr Order Book in Earnings Call

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 20 Jul 2026, 06:06 PM

WPIL Ltd has scheduled its Q1FY27 earnings conference call for July 24, 2026, at 5:30 PM. The management, including the Managing Director, will discuss the company's financial performance following a year where TTM revenue reached Rs 1,855 Cr. Investors will be looking for updates on the execution of the massive Rs 3,054 Cr consolidated order book and the progress of the O&M portfolio expansion. This call is a standard procedure following the quarterly results announcement.

Earnings call scheduled for July 24, 2026, to discuss Q1FY27 performance
Management representation includes MD Prakash Agarwal and ED Krishna Kumar Ganeriwala
Company is currently executing a consolidated order book of Rs 3,054 Cr
Targeting O&M portfolio growth to reach Rs 70-100 Cr by FY27
TTM revenue stands at Rs 1,855 Cr with an OPM of 17.1%

💡 Monitor the earnings call for management commentary on the working capital cycle and the timeline for executing the Rs 2,990 Cr standalone order book.

WPIL Ltd to Consider Q1 Unaudited Financial Results on July 24, 2026

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 18 Jul 2026, 02:00 PM

WPIL Ltd has scheduled a board meeting for July 24, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026. This is a routine regulatory filing as per SEBI (LODR) Regulations. The results will undergo a limited review by the company's statutory auditors before being released to the exchanges. Investors should look for performance updates in the company's core pump and water infrastructure segments.

Board meeting scheduled for July 24, 2026, to review quarterly performance
Results pertain to the first quarter (Q1) ended June 30, 2026
Filing submitted under Regulation 29(2) of SEBI (LODR) Regulations, 2015
Financials will be subject to a Limited Review by Statutory Auditors

💡 Monitor the exchange filings on July 24, 2026, for the detailed financial statement and management commentary on the order book.

₹2 Dividend Proposed: WPIL Ltd Schedules 72nd AGM for August 07, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 14 Jul 2026, 03:50 PM

WPIL Ltd has issued a notice for its 72nd Annual General Meeting (AGM) to be held on August 07, 2026, via video conferencing. The company has proposed a dividend of ₹2 per equity share (200% on face value of ₹1) for the financial year ended March 31, 2026. The record date for determining dividend eligibility is July 31, 2026, with payment expected around August 14, 2026. Other agenda items include the re-appointment of directors and ratification of the cost auditor's fee of ₹1,00,000.

Dividend of ₹2 per equity share of face value ₹1 recommended for FY 2025-26.
72nd AGM scheduled for August 07, 2026, at 11:00 AM IST.
Record date for dividend eligibility set as July 31, 2026.
Cost Auditor remuneration proposed at ₹1,00,000 plus GST.
Dividend payment to be processed electronically around August 14, 2026.

💡 Investors should ensure their bank account details and KYC are updated with their Depository Participant by the July 31, 2026 record date to receive the dividend credit.

WPIL Ltd Reports ₹762.68 Cr Turnover and 13.55% Export Contribution in FY26 BRSR Filing

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 14 Jul 2026, 03:35 PM

WPIL Ltd has released its Business Responsibility and Sustainability Report (BRSR) for FY 2025-26, disclosing a total turnover of ₹762.68 Cr and a net worth of ₹982.48 Cr. The company's revenue is primarily driven by Turnkey Project execution (52%) and Pumps/Spares manufacturing (47%). WPIL maintains a strong international footprint, with exports contributing 13.55% of turnover and operations spanning 23 countries. During the year, the company expanded its global presence by acquiring three new subsidiaries in the Southern African region.

Total turnover for FY 2025-26 stood at ₹762.68 Cr with a net worth of ₹982.48 Cr.
Turnkey Project execution is the largest business segment, accounting for 52% of total turnover.
Exports contributed 13.55% to the total turnover, with the company serving 23 international markets.
Acquired 3 new subsidiaries during the year: Paterson Candy International (SA), Riccla 1715, and PCI Contracting (Botswana).
Permanent employee turnover rate increased to 19.88% in FY26 from 17.47% in the previous year.

💡 Investors should monitor the financial performance and integration of the three newly acquired African subsidiaries in the next consolidated earnings report.

WPIL Ltd Announces ₹2 Dividend; FY26 Trade Payables Drop 53% to ₹132.82 Cr

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 14 Jul 2026, 03:29 PM

WPIL Ltd has released its FY26 Annual Report, confirming a dividend of ₹2 per share (200% of FV ₹1). The 72nd AGM is scheduled for August 7, 2026, with a dividend record date of July 31, 2026. A notable financial highlight is the 53% reduction in standalone trade payables to ₹13,281.73 Lacs from ₹28,363.07 Lacs in the previous year. Standalone borrowings remained largely flat at ₹28,979.65 Lacs, with interest rates on cash credit ranging between 8.75% and 10.35%.

Proposed dividend of ₹2 per equity share of face value ₹1 for FY26.
Standalone trade payables decreased significantly to ₹13,281.73 Lacs from ₹28,363.07 Lacs YoY.
Total standalone borrowings reported at ₹28,979.65 Lacs as of March 31, 2026.
Record date for dividend eligibility is set for July 31, 2026.
72nd Annual General Meeting (AGM) scheduled for August 7, 2026, via Video Conferencing.

💡 Investors should note the July 31 record date for dividend eligibility and watch for management's outlook on the pump and irrigation sector during the August 7 AGM.

July 31, 2026 Fixed as Record Date for WPIL Ltd Dividend and 72nd AGM

🟡 NEUTRAL ⭐ 4/10

DIVIDEND 📅 10 Jul 2026, 06:14 PM

WPIL Ltd has established July 31, 2026, as the record date to determine shareholder eligibility for the dividend for the financial year ended March 31, 2026. The company will also conduct its 72nd Annual General Meeting (AGM) during this period. The register of members and share transmission books will be closed from August 1, 2026, to August 7, 2026. This is a routine administrative filing following the conclusion of the fiscal year.

Record date for dividend eligibility fixed for July 31, 2026
Register of members to remain closed for 7 days from August 1 to August 7, 2026
The upcoming meeting is the company's 72nd Annual General Meeting
Dividend pertains to the financial year ended March 31, 2026

💡 Investors should ensure their shareholdings are settled in their demat accounts by the record date to be eligible for the dividend. Monitor for the full AGM notice to confirm the specific dividend amount per share.

View All 505872 Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Consolidated revenue for H1 FY26 reached INR 804.6 Cr. The Product Division grew 9.4% YoY to INR 15.1 Cr in H1 FY26. Conversely, the Project Business revenue declined 64% YoY to INR 8.9 Cr in Q2 FY26 due to execution challenges and payment delays. International business revenue surged 60% YoY to INR 25.9 Cr in Q2 FY26.

Geographic Revenue Split

As of H1 FY26, the revenue split is 54% International (INR 430.9 Cr) and 46% Domestic (INR 351.0 Cr). The international segment has seen significant growth following the integration of acquisitions in Italy, South Africa, and Australia.

Profitability Margins

Consolidated PAT margins stood at 9.64% for H1 FY26 (INR 77.5 Cr) and 12.16% for Q2 FY26 (INR 51.8 Cr). Standalone PAT margins were higher at 14.21% in Q2 FY26. Margins are influenced by the mix between high-margin pump sales and lower-margin EPC turnkey projects.

EBITDA Margin

Consolidated EBITDA margin was 16.09% for H1 FY26 (INR 129.5 Cr) and improved to 18.87% in Q2 FY26 (INR 80.4 Cr). Standalone EBITDA margins reached 20.01% in Q2 FY26, reflecting a 79 bps YoY improvement due to better overhead absorption in overseas operations.

Capital Expenditure

WPIL has no major debt-led capex plans in the medium term. Routine capex is met through internal accruals. The company recently improved liquidity by INR 750 Cr following the sale of its stake in the Rutschi business in FY24.

Credit Rating & Borrowing

The company maintains a CARE A+; Stable rating for long-term facilities (INR 237.21 Cr) and CARE A1+ for short-term facilities (INR 813.79 Cr). Fund-based limit utilization averaged 76% through February 2025, while non-fund based utilization was ~70%.

⚙️ Operational Drivers

Raw Materials

Steel products and related castings/components represent the primary raw material, accounting for approximately 68% of the total cost of sales.

Import Sources

Sourced through a mix of domestic Indian suppliers for Kolkata and Ghaziabad units and local sourcing for international subsidiaries in Italy, South Africa, and Australia.

Key Suppliers

Not specifically named in the documents, but procurement is linked to global steel and casting markets.

Capacity Expansion

Current operations include 2 units in Kolkata, 1 in Ghaziabad, and 2 in Maharashtra. Expansion is primarily focused on inorganic growth through acquisitions like Eigenbau Pty Limited and Paterson Candy International rather than greenfield capacity.

Raw Material Costs

Raw material costs are approximately 68% of total costs. Profitability is highly susceptible to steel price volatility; however, 10-15% of contract value is typically received upfront to hedge initial procurement.

Manufacturing Efficiency

Efficiency is driven by a 70+ year legacy and the ability to offer up to 50% customization in the pumping segment, allowing for premium pricing on engineered solutions.

Logistics & Distribution

Distribution is managed through a global network of subsidiaries, agent networks, and service centers across Italy, South Africa, Australia, and Zambia.

📈 Strategic Growth

Expected Growth Rate

15-18%

Growth Strategy

Growth will be driven by a massive standalone order book of INR 2,990 Cr and a consolidated order book of INR 3,054 Cr. The strategy focuses on expanding the O&M portfolio to reach INR 70-100 Cr by FY27 and pursuing further inorganic acquisitions in the flow control sector.

Products & Services

Vertical and horizontal pumps, castings, valves, engineered pumps, and turnkey water supply projects including erection and commissioning.

Brand Portfolio

WPIL, Johnston Pumps, Gruppo Aturia, Finder, MISA, APE Pumps, Mather & Platt, Sterling Pumps, and United Pumps.

New Products/Services

Expansion into O&M services for commissioned water projects is expected to contribute significantly to future recurring revenue.

Market Expansion

Targeting deeper penetration in the Middle East and African markets through South African subsidiaries and expanding the industrial pump range in Italy.

Market Share & Ranking

Established as a leading player in the Indian pump industry with a significant global footprint in engineered pumps.

Strategic Alliances

Joint ventures and subsidiaries in South Africa (APE Pumps), Australia (Sterling Pumps), and Italy (Gruppo Aturia).

🌍 External Factors

Industry Trends

The industry is shifting toward life-cycle support and O&M rather than just equipment supply. WPIL is positioning itself as a 'world player' with local manufacturing bases in three major global regions.

Competitive Landscape

Intense competition from both large established players and small regional manufacturers in the domestic market.

Competitive Moat

Moat is built on a 70-year legacy, high switching costs for engineered pumps, and a global service network. This is sustainable due to the long-term nature of water infrastructure projects.

Macro Economic Sensitivity

Highly sensitive to government infrastructure spending and steel price cycles. A 10% increase in steel prices significantly impacts the 68% cost base if not covered by escalation clauses.

Consumer Behavior

Municipalities and industrial units are increasingly demanding turnkey solutions (EPC) rather than standalone pump procurement.

Geopolitical Risks

Trade barriers or political instability in South Africa or Zambia could impact the 54% international revenue stream.

⚖️ Regulatory & Governance

Industry Regulations

Subject to state-level irrigation department standards and international manufacturing certifications for engineered pumps.

Environmental Compliance

Complies with manufacturing standards across its global units; no specific ESG cost disclosed.

Taxation Policy Impact

Effective tax rate is reflected in the difference between PBT (INR 187.4 Cr for FY25) and PAT.

Legal Contingencies

The company faces risks related to contract liabilities and performance guarantees common in large-scale turnkey projects, though no specific high-value pending court cases were quantified.

⚠️ Risk Analysis

Key Uncertainties

The primary uncertainty is the 'working capital intensive' nature of the project business, where 30-40% of contract value is tied to successful commissioning, which can be delayed by external factors.