Wendt (India) Limited (WENDT)
₹7,871.50 +1.85% last close, 16 Oct
Q2 FY27 results
📅 Next results: 21 Oct 2026 (board meeting)Wendt (India) Limited's board meets on 21 Oct 2026 to consider its Q2 FY27 results (July-September 2026).
In its latest reported quarter, Q1 FY27, Wendt (India)'s revenue was ₹71.3 Cr (+36.6% year on year, +6.7% on the previous quarter), and net profit ₹6.2 Cr (+63.5% year on year); the operating margin was 15.4%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹71.3 | +36.6% | +6.7% |
| Operating profit | ₹11.0 | +51.1% | +2.2% |
| Net profit | ₹6.2 | +63.5% | +21.4% |
| EPS (₹) | 30.90 | +63.2% | +21.4% |
| Operating margin | 15.4% | — | — |
WENDT delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 45.96% of the WENDT shares traded on NSE were taken to delivery, against the stock's own 20-session average of 46.88%. That is close to its usual level. Volume was 0.3 times its average, well below normal.
Delivery in the last 5 sessions: 37.9% · 36.8% · 57.4% · 61.1% · 46.0%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Wendt (India) Limited responded to an NSE query dated September 10, 2026, regarding a significant increase in trading volume. The company confirmed that as of September 11, 2026, there is no pending undisclosed material information or announcement required under Regulation 30 of SEBI LODR. Wendt stated that it remains compliant with all regulatory disclosure requirements. The volume movement appears to be purely market-driven without undisclosed corporate developments.
- NSE issued an email query regarding volume increase on 10th September 2026
- Company issued its official clarification on 11th September 2026
- Management confirmed 0 impending disclosures under Regulation 30 of SEBI LODR
- Filing confirms compliance with materiality policy and SEBI guidelines
Wendt (India) Limited has informed the exchanges that Crisil ESG Ratings & Analytics Limited, a SEBI-registered provider, has assigned an ESG rating to the company. The communication regarding the rating upload was received on August 3, 2026, for both BSE and NSE. While the specific score was not detailed in the summary filing, the full report has been submitted to the exchanges. This disclosure is part of the company's compliance under Regulation 30 of SEBI (LODR) Regulations.
- ESG rating assigned by Crisil ESG Ratings & Analytics Limited, a SEBI-registered provider
- Communication of the rating upload received on August 3, 2026, at 10:53 p.m. (BSE) and 06:30 p.m. (NSE)
- Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Company maintains a market cap of Rs 1622 Cr with zero debt as per latest financial context
Wendt (India) Limited has appointed Ms. Lakshmi Tulasi Inturi as the Head of Human Resources, effective August 3, 2026. She succeeds Mr. Satheesh C and brings over 20 years of experience across manufacturing, automotive, and FMCG sectors, including stints at Tata Consumer Products and Inteva Products. This is a routine senior management appointment for the Rs 1,646 Cr market cap company as it manages its manufacturing base in Hosur and international units.
- Ms. Lakshmi Tulasi Inturi appointed as Head-Human Resources effective August 3, 2026
- The new appointee brings over 20 years of experience in HR across 4 diverse industries
- The appointment follows the stepping down of the previous incumbent, Mr. Satheesh C
- Wendt (India) maintains a TTM revenue of Rs 236 Cr with a specialized focus on super abrasives
Wendt (India) Limited concluded its 44th Annual General Meeting on July 24, 2026, where shareholders approved a final dividend of ₹10 per share. This brings the total dividend for FY26 to ₹30 per share, including the previously paid ₹20 interim dividend. The company also adopted the FY26 financial statements and ratified the re-appointment of Director Muthiah Venkatachalam. Management noted that Q1 FY27 results were approved by the Board on the same day as the AGM.
- Final dividend of ₹10 per equity share approved for the financial year 2025-26.
- Total dividend for FY26 confirmed at ₹30 per share, including a ₹20 interim dividend.
- Ratification of ₹1,25,000 annual remuneration for Cost Auditor M/s. B Y & Associates for FY27.
- Re-appointment of Mr. Muthiah Venkatachalam as a Director retiring by rotation.
- The meeting was held via Video Conferencing and concluded at 04:50 p.m. on July 24, 2026.
Wendt (India) Limited has announced that Thiyagarajan R (Head - Research & Development) and Sanjaya S C (AGM – Quality Assurance Division) will no longer be designated as Senior Management effective July 24, 2026. This change is purely administrative, resulting from a reorganization of the company's internal reporting structure. Both individuals will continue their employment with the company, ensuring no loss of technical expertise in R&D or Quality Assurance. Given the company's TTM revenue of ₹236 Cr, this internal shift is considered routine and non-material to financial performance.
- 2 senior officials re-designated and removed from the 'Senior Management' category effective July 24, 2026.
- Both Thiyagarajan R and Sanjaya S C remain in the employment of the company.
- The change is attributed to a internal reporting structure reorganization rather than resignations.
- Wendt (India) maintains a market cap of ₹1,472 Cr and TTM revenue of ₹236 Cr as of the announcement date.
Wendt (India) reported a strong start to FY27 with consolidated revenue growing 36.6% YoY to ₹71.28 Cr. Net Profit (PAT) surged 63.5% YoY to ₹6.18 Cr, driven by robust domestic demand (+38% YoY) from the automotive and bearing sectors. While standalone performance was exceptionally strong with a PAT of ₹8.00 Cr, consolidated results were weighed down by a ₹1.39 Cr loss from subsidiaries. The 'Machines and Accessories' segment emerged as a key growth driver, with revenue nearly tripling from ₹4.33 Cr to ₹11.68 Cr YoY.
- Consolidated Net Profit increased 63.5% YoY to ₹6.18 Cr from ₹3.78 Cr in the previous year's corresponding quarter.
- Domestic sales grew 38% YoY to ₹49.25 Cr, supported by higher offtake from auto, auto-ancillary, and bearing industries.
- Machines and Accessories segment revenue jumped 170% YoY to ₹11.68 Cr from ₹4.33 Cr.
- Standalone PAT of ₹8.00 Cr represents a 62% YoY increase, significantly higher than the consolidated PAT due to subsidiary losses.
- Export sales grew 7% YoY to ₹11.52 Cr, with increased demand from the US, Singapore, and Thailand.
Wendt (India) Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The document confirms that the Registrar and Share Transfer Agent, KFin Technologies Limited, has processed all dematerialization and rematerialization requests for the quarter ended June 30, 2026. This filing is a standard regulatory requirement for listed companies in India to ensure the accuracy of shareholding records. There are no material financial implications or changes to business strategy associated with this announcement.
- Covers the reporting period for the quarter ended June 30, 2026
- Certificate provided by Registrar and Share Transfer Agent, KFin Technologies Limited, dated July 13, 2026
- Compliance confirmed under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
- Filing submitted to BSE and NSE on July 15, 2026
Wendt (India) Limited has submitted its Business Responsibility and Sustainability Report for FY 2025-26, disclosing a standalone turnover of Rs 206.52 crore. The company maintains a strong focus on Super Abrasives, which accounts for 71% of its total revenue. Exports remain a significant component of the business, contributing 20% of turnover across 35 international countries. The report also highlights a diverse B2B customer base of approximately 1,400 clients and an improved permanent employee attrition rate of 8.49%.
- Super Abrasives grinding wheels contributed 71% of the total FY26 turnover of Rs 206.52 crore.
- Exports to 35 countries accounted for 20% of the total annual turnover.
- The company serves a diverse B2B base of approximately 1,400 customers across sectors like auto, steel, and aerospace.
- Permanent employee turnover rate improved to 8.49% in FY26 from 13.3% in FY24.
- Net worth of the entity stood at Rs 231.85 crore as of the end of the financial year.
Wendt (India) Limited has issued its 44th Annual General Meeting (AGM) notice for July 24, 2026. The board has recommended a final dividend of ₹10 per share, which, combined with the ₹20 interim dividend already paid, brings the total FY26 dividend to ₹30 per share. The company also disclosed a minor regulatory fine of ₹94,400 imposed by NSE and BSE for board composition non-compliance during the December 2025 quarter. Financially, the company reported TTM revenue of ₹236 Cr and a PAT of ₹15 Cr, with a high P/E ratio of 112.0.
- Final dividend of ₹10 per equity share proposed for FY 2025-26.
- Total dividend for the year stands at ₹30 per share including ₹20 interim dividend.
- AGM scheduled for July 24, 2026, with a record/cut-off date of July 17, 2026.
- Exchanges levied a fine of ₹94,400 for non-compliance with Regulation 17(1) regarding board composition.
- Cost auditor remuneration for FY 2026-27 ratified at ₹1,25,000.
Wendt (India) Limited has infused THB 46.35 million (approximately INR 13.29 crores) into its wholly-owned Thai subsidiary, Wendt Grinding Technologies Limited (WGTL). This capital infusion increases the paid-up value of the subsidiary's 10.3 million shares from THB 2.50 to THB 7.00 per share. WGTL, which operates in the abrasives industry, reported a turnover of THB 94.70 million for the fiscal year ending March 2026. The company plans to infuse the remaining THB 3.00 per share in future tranches to make the registered capital fully paid-up.
- Capital infusion of THB 46,350,000 (approx. INR 13.29 crores) into Thai subsidiary WGTL
- Paid-up capital per share increased from THB 2.50 to THB 7.00 out of a face value of THB 10
- Subsidiary turnover for FY26 stood at THB 94.70 million compared to THB 88.74 million in FY25
- Balance THB 3.00 per share to be infused in due course to reach full registered capital of THB 103 million
Wendt (India) Limited has announced the closure of its trading window for designated persons starting July 1, 2026. The window will remain closed until July 26, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations. This action is taken ahead of the board's consideration and approval of the unaudited financial results for the quarter ending June 30, 2026. The reopening of the window typically occurs 48 hours after the financial results are declared.
- Trading window closure effective from July 1, 2026, to July 26, 2026.
- Closure is linked to the upcoming unaudited financial results for the quarter ending June 30, 2026.
- Applies to all designated persons and their immediate relatives as per the Company's Code of Conduct.
- Complies with SEBI (Prohibition of Insider Trading) Regulations, 2015.
Wendt (India) Limited responded to a clarification request from the National Stock Exchange (NSE) on June 12, 2026, regarding a significant spurt in trading volume. The company stated that there is no impending information or announcement that has not been disclosed to the exchanges. Management confirmed compliance with Regulation 30 of SEBI (LODR) Regulations, 2015, and their internal materiality policy. This suggests the recent volume behavior is likely driven by market sentiment rather than internal corporate developments.
- NSE issued a surveillance query (Sequence no. 17095) on June 12, 2026, regarding volume behavior.
- Company confirms no undisclosed material information exists that could impact trading volumes.
- Management reiterated commitment to timely disclosures under SEBI (LODR) Regulation 30.
- The response indicates that the recent spike in volume is not linked to any impending corporate actions.
Wendt (India) Limited has announced the retirement of Mr. Raghunatha Naidu B P, the Head of its Machines & Components business, effective May 30, 2026. Mr. Naidu, a member of the Senior Management team, is superannuating after a long tenure of 22 years with the company. This transition is a routine retirement process and was disclosed in compliance with SEBI Listing Regulations. The company has not yet named a successor in this specific filing.
- Mr. Raghunatha Naidu B P retired as Head of Machines & Components effective May 30, 2026.
- The executive completed a significant 22-year tenure with Wendt (India) Limited.
- The departure is categorized as superannuation (retirement) under SEBI Regulation 30.
- The Machines & Components division is a key business segment for the company.
Wendt (India) Limited has recommended a final dividend of Rs 10 per share for FY 2025-26, which, combined with the interim dividend of Rs 20, brings the total payout to Rs 30. However, the company's financial performance showed significant weakness, with standalone annual profit after tax (PAT) dropping 40.6% to Rs 2,275 lakhs compared to Rs 3,829 lakhs in the previous year. Annual revenue also saw a marginal decline to Rs 20,652 lakhs. The record date for the final dividend is July 17, 2026, with payment scheduled by August 13, 2026.
- Final dividend of Rs 10 per share (100%) recommended, totaling Rs 30 for the full year.
- Standalone annual PAT fell sharply to Rs 2,275 lakhs from Rs 3,829 lakhs in FY25.
- Basic and Diluted EPS for FY26 decreased to Rs 113.75 from Rs 191.46 in the previous year.
- Revenue from operations for FY26 stood at Rs 20,652 lakhs versus Rs 21,197 lakhs in FY25.
- Record date for dividend and 44th AGM eligibility is fixed as July 17, 2026.
Wendt (India) reported a weak set of results for FY26, with consolidated Profit After Tax (PAT) falling sharply by 63% to Rs 1,455 lakhs. While consolidated sales remained flat at Rs 23,394 lakhs, standalone sales saw a 3% decline to Rs 20,652 lakhs, primarily due to dispatch delays in the machine segment. Profitability was significantly hampered by an unfavorable product mix and rising operational costs. Despite the earnings contraction, the company has maintained a strong payout with a total dividend of Rs 30 per share for the year.
- Consolidated PAT declined by 63% YoY to Rs 1,455 lakhs from the previous year.
- Standalone sales fell 3% to Rs 20,652 lakhs, with domestic sales down 2% and exports down 4%.
- Standalone PAT dropped 41% to Rs 2,275 lakhs due to cost increases and product mix changes.
- Total dividend for FY26 declared at Rs 30 per share (300% of face value), including a final dividend of Rs 10.
- Consolidated revenue remained stagnant at Rs 23,394 lakhs, showing no growth over the previous year.
Financial Performance
Revenue Growth by Segment
For H1 FY2026, Super Abrasives revenue grew 3.8% YoY to INR 73.40 Cr, while Precision Products grew 6.3% YoY to INR 13.93 Cr. However, the Machines and Accessories segment saw a significant decline of 28.9% YoY to INR 9.31 Cr, leading to overall flat standalone sales of INR 49.86 Cr in Q2 FY2026.
Geographic Revenue Split
In Q2 FY2026, domestic sales stood at INR 39.22 Cr (flat YoY), while exports declined by 5% YoY to INR 10.64 Cr. The company derives approximately 78% of its standalone revenue from the domestic market and 22% from exports.
Profitability Margins
Profitability has been significantly impacted by brand amortization; Q2 FY2026 standalone PAT fell 57% YoY to INR 4.55 Cr, and consolidated PAT dropped 75% YoY to INR 2.70 Cr. FY2025 PAT margin was 17.1%, down from higher historical levels due to these non-cash charges.
EBITDA Margin
The company maintained an EBITDA margin of 22.8% in FY2025. Core profitability is currently pressured by a lower mix of high-margin machine sales and the amortization of the newly acquired Wendt brand.
Capital Expenditure
The company completed a major intangible asset acquisition by paying EUR 3.8 million (INR 35.08 Cr) on March 28, 2025, for absolute ownership of the 'Wendt' brand. Other capacity expansions between FY2023 and FY2025 are being funded entirely through internal accruals.
Credit Rating & Borrowing
WIL maintains a strong credit profile with an [ICRA]AA- (Stable) rating for long-term fund-based facilities and [ICRA]A1+ for short-term non-fund based facilities. The company remains debt-free, resulting in zero interest costs.
Operational Drivers
Capacity Expansion
The company operates 1 manufacturing facility in Hosur, 1 re-profiling unit in Thailand, and 1 insert grinding unit in Pune. Planned capacity expansions for specific product categories are underway for the FY2023-FY2025 period.
Raw Material Costs
Raw material costs are managed through bulk ordering and fixed-price contracts to mitigate inflationary pressures. In FY2023, these strategies helped improve operating margins to 27.6%.
Manufacturing Efficiency
The company leverages healthy operating leverage, which previously helped expand margins from 24.4% in FY2022 to 27.6% in FY2023.
Strategic Growth
Growth Strategy
Growth is targeted through the absolute ownership of the 'Wendt' brand (60 registrations in 40 countries), which removes previous royalty constraints and allows for independent global expansion. The company is also focusing on diversifying its revenue base away from the automotive sector into other engineering industries.
Products & Services
Super Abrasives, Grinding Machines and Accessories, and Precision Products.
Brand Portfolio
Wendt.
Market Expansion
Following the trademark assignment, the company is expanding its presence across 40 countries where the 'Wendt' brand is now registered under its absolute ownership.
Market Share & Ranking
WIL is a market leader in the Indian super abrasives industry with over four decades of track record.
Strategic Alliances
WIL is a joint venture between Carborundum Universal Limited (CUMI) and Wendt GmbH (3M/Winterthur). Wendt GmbH is currently in the process of divesting its 37.5% stake.
External Factors
Industry Trends
The abrasives industry is evolving toward high-precision grinding solutions. WIL is positioning itself by moving beyond the cyclical automotive sector into more stable engineering segments.
Competitive Landscape
The industry is highly fragmented with a large number of players and faces significant competition from low-cost imports.
Competitive Moat
WIL's moat is built on its 40-year market leadership, strong parentage (CUMI), and now, absolute global ownership of its brand, which provides a durable competitive advantage over fragmented local players.
Macro Economic Sensitivity
WIL is sensitive to the industrial capex cycle and general economic activity, particularly in the automotive and steel sectors.
Consumer Behavior
Not applicable as the company operates in the B2B industrial segment.
Geopolitical Risks
Volatile geopolitical situations in Eastern Europe and the UK have led to delayed orders and a 5% drop in export revenue in the most recent quarter.
Regulatory & Governance
Industry Regulations
Operations are subject to manufacturing standards and international trademark laws following the brand assignment agreement with Wendt GmbH.
Risk Analysis
Key Uncertainties
The primary uncertainty is the impact of Wendt GmbH's divestment of its 37.5% stake and how the reclassification of shareholders will affect future technical collaborations.
Geographic Concentration Risk
Approximately 78% of revenue is concentrated in the Indian domestic market, exposing the company to local economic fluctuations.
Third Party Dependencies
The company remains dependent on Wendt GmbH for certain service and material contracts through FY2026.
Technology Obsolescence Risk
The company mitigates technology risks by maintaining a market-leading position in super abrasives, which are essential for high-precision industrial manufacturing.
Credit & Counterparty Risk
The company maintains a reputed client profile and a robust capital structure, indicating low credit risk from counterparties.
