Wol 3D India Limited (WOL3D)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, Wol 3D's revenue was ₹56.1 Cr (+119.8% year on year, +35.2% on the previous half-year), and net profit ₹2.8 Cr (+6.8% year on year); the operating margin was 7.4%.
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹56.1 | +119.8% | +35.2% |
| Operating profit | ₹4.2 | +51.3% | +8.9% |
| Net profit | ₹2.8 | +6.8% | -25.8% |
| EPS (₹) | 4.40 | +6.8% | -25.9% |
| Operating margin | 7.4% | — | — |
WOL3D delivery percentage
NSE end-of-day data for
On Thu, 22 Oct 2026, 100.0% of the WOL3D shares traded on NSE were taken to delivery, against the stock's own 20-session average of 95.85%. That is close to its usual level. Turnover was only ₹1 lakh, so a handful of trades can move this figure. Volume was 0.2 times its average, well below normal. It closed at a price band (circuit) on 3 sessions in about the last 20.
Delivery in the last 5 sessions: 100.0% · 83.3% · 100.0% · 100.0% · 100.0%
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
Wol 3D India Limited has released its Annual Report for FY 2025-26 and convened its 38th Annual General Meeting (AGM) on September 30, 2026, at 4:00 PM IST via Video Conferencing. The electronic dispatch of the annual report was conducted based on the shareholder record list as of September 04, 2026. The report details operational footprints across 6 company-operated branch offices, 5 franchisee centers, and scaled filament manufacturing at its Bhiwandi facility.
- 38th Annual General Meeting scheduled for September 30, 2026, at 4:00 PM via Video Conference
- Record/beneficial ownership cut-off date for electronic dispatch fixed as September 04, 2026
- Network includes 6 branch offices (Delhi, Hyderabad, Bangalore, Mumbai, Vijayawada, Guwahati) and 5 franchisee offices
- Continued backward integration with scaled thermoplastic filament manufacturing at the Bhiwandi facility
Wol 3D India Limited has issued the notice for its 38th Annual General Meeting (AGM) scheduled for September 30, 2026, via video conferencing. Key ordinary business items include adopting the FY26 audited financial statements and the reappointment of Non-Executive Director Mrs. Swati Pradeep Jain, who retires by rotation. Remote e-voting opens on September 26, 2026, and closes on September 29, 2026, with the cut-off date set as September 23, 2026.
- 38th Annual General Meeting scheduled for Wednesday, September 30, 2026, at 4:00 PM IST via VC/OAVM
- Cut-off date for remote e-voting eligibility fixed as Wednesday, September 23, 2026
- Remote e-voting window runs from September 26, 2026 (09:00 AM) to September 29, 2026 (05:00 PM)
- Share transfer books and register of members to remain closed from September 19, 2026 to September 23, 2026
- Director Swati Pradeep Jain (holding 11,38,500 shares) proposed for reappointment upon retirement by rotation
Wol 3D India Limited announced the outcome of its Board Meeting held on September 05, 2026. The Board approved the Directors' Report for the financial year ended March 31, 2026, along with its annexures. The company has scheduled its Annual General Meeting (AGM) for September 30, 2026, at 4:00 PM IST via video conferencing. The Register of Members and Share Transfer Books will remain closed from September 19, 2026, to September 23, 2026.
- Approved Directors' Report for the financial year ended March 31, 2026
- Scheduled the Annual General Meeting for September 30, 2026, at 4:00 PM IST
- Book closure fixed from September 19, 2026, to September 23, 2026 (both days inclusive)
- Board meeting duration was 1 hour (commenced at 1:15 PM and concluded at 2:15 PM on Sep 05, 2026)
Wol 3D India Limited has scheduled a physical one-on-one meeting with Mission Holdings on September 4, 2026, from 11:30 AM to 12:30 PM. The discussions will be based on the existing H2FY26 investor presentation already available in the public domain. The company confirmed that no unpublished price sensitive information (UPSI) will be shared during the interaction.
- One-on-one investor meeting scheduled with Mission Holdings on Sept 4, 2026
- Meeting duration set for 11:30 AM to 12:30 PM in physical mode
- Discussions to rely strictly on publicly available H2FY26 Investor Presentation with no UPSI
Wol 3D India Limited has scheduled a virtual one-on-one investor meeting with Qleaps Ventures on September 1, 2026, from 11:30 AM to 12:30 PM IST. The company stated that discussions will be based on its publicly available H2FY26 investor presentation with no unpublished price sensitive information (UPSI) shared. This is a routine investor interaction under SEBI LODR Regulation 30(6).
- Virtual one-to-one investor meeting scheduled with Qleaps Ventures
- Meeting date: Sept 1, 2026, from 11:30 AM to 12:30 PM IST
- Discussions restricted to publicly available information and H2FY26 Investor Presentation
Wol 3D India Limited has announced the closure of its trading window for all designated persons effective July 31, 2026. This move is triggered by ongoing internal deliberations regarding potential fund-raising proposals, which are classified as unpublished price-sensitive information (UPSI). The trading restriction will remain in place until 48 hours after the board's decision on the fundraise is publicly disclosed. Currently, the specific amount, mode of capital infusion, and the date of the board meeting remain undisclosed.
- Trading window closure for insiders starts on July 31, 2026
- Closure is specifically due to ongoing deliberations on fund-raising proposals
- Window to remain closed until 48 hours after the official outcome is disclosed
- Board meeting date to consider the proposal is yet to be announced
WOL3D's Board of Directors met on July 28, 2026, to consider a fund-raising proposal but ultimately decided to defer the matter. The company stated that further time is required for comprehensive consideration and alignment among stakeholders. A revised meeting date will be announced once discussions with proposed investors are finalized. This potential capital infusion is notable given the company's current net worth of ₹43 Cr and TTM revenue of ₹146 Cr.
- Board meeting held on July 28, 2026, lasted 50 minutes (5:45 PM to 6:35 PM)
- Fund-raising proposal was the primary agenda item but has been deferred to the 'near future'
- Company reported TTM revenue of ₹146 Cr and a PAT of ₹12 Cr as of the latest financial context
- Current debt-to-equity ratio stands at 0.28 with a net worth of ₹43 Cr
Financial Performance
Revenue Growth by Segment
Total revenue for H1FY26 reached INR 41.46 Cr, an 82% increase YoY from INR 22.72 Cr. Hardware revenue grew to INR 23.3 Cr (56% of total), Consumables reached INR 15.8 Cr (38% of total), and Prototyping Services contributed INR 2.4 Cr (6% of total). B2B revenue dominated at INR 36.5 Cr (88%), while B2C contributed INR 5.0 Cr (12%).
Geographic Revenue Split
Not explicitly disclosed in available documents, though the company operates 10 branch offices and 5 franchisee offices across India, including Mumbai, Chennai, Pune, Indore, and Vijayawada.
Profitability Margins
PAT margin for H1FY26 was 9.2% (INR 3.81 Cr), a decrease from 12.7% in H1FY25. FY25 annual PAT margin stood at 11.6% (INR 5.59 Cr). The decline in H1FY26 is attributed to strategic front-loading of expenses for new vertical expansions.
EBITDA Margin
EBITDA margin moderated significantly to 9.2% in H1FY26 (INR 3.81 Cr) compared to 19.2% in H1FY25 (INR 4.36 Cr). This 1,000 bps compression resulted from higher employee costs and expansion-related investments for new product verticals.
Capital Expenditure
The company raised INR 19.34 Cr through its NSE Emerge listing to fund growth. Recent investments include expanding the Brahma 3D Farm from 40+ to 200+ printers and relocating to an advanced facility to support industrial-scale manufacturing.
Credit Rating & Borrowing
Net Debt/Equity ratio is low at 0.1x. Short-term borrowings increased to INR 2.8 Cr as of September 2025 from zero in March 2025 to support working capital needs.
Operational Drivers
Raw Materials
Key raw materials include 3D Filaments (PLA, ABS, etc.) and 3D Resins. Raw material expenses for H1FY26 were INR 27.86 Cr, representing 67.2% of total revenue.
Import Sources
Not explicitly disclosed, though the company acts as an authorized distributor for global brands based in China and other regions.
Key Suppliers
WOL3D partners with and distributes for Flashforge Corporation, Creality, Bambu Lab, Phrozen Techy, Elegoo, and UltiMaker.
Capacity Expansion
Current filament manufacturing capacity is 144 Tons per annum with a 39% utilization rate in FY25. The Brahma 3D Farm has expanded to 200+ high-precision printers operating 24x7 for mass production.
Raw Material Costs
Raw material costs increased 97% YoY from INR 14.14 Cr in H1FY25 to INR 27.86 Cr in H1FY26, slightly outpacing revenue growth due to inventory stocking for new product lines.
Manufacturing Efficiency
Filament plant utilization is currently low at 39%, suggesting significant headroom for growth without immediate large-scale CAPEX in that segment.
Logistics & Distribution
Distribution is handled through an omni-channel network including 15 total offices, e-commerce platforms (Amazon, Flipkart, Blinkit), and retail chains.
Strategic Growth
Expected Growth Rate
35%
Growth Strategy
Growth will be driven by the 'Vinglits' 3D printed toy brand, the expansion of the Brahma 3D Farm to 200+ printers for industrial prototyping, and a strategic MoU with Aptech to launch 3D printing education programs. The company also targets the government's plan to set up 50,000 Atal Tinkering Labs, representing a potential INR 500 Cr opportunity.
Products & Services
3D Printers, 3D Scanners, 3D Pens, Laser Engravers, 3D Filaments, 3D Resins, and Prototyping Services (FDM, SLA, SLS).
Brand Portfolio
WOL3D, Vinglits (Toys), Brahma 3D Farm (Industrial), itouch (3D Pens), and Hismart (3D Printers).
New Products/Services
Launched 'Vinglits', India's first 3D printed flexible toy line, and introduced a 3D Printing & Product Design Program in collaboration with Aptech.
Market Expansion
Expanding into the education sector via Atal Tinkering Labs and increasing retail presence through experience centers in major Indian cities.
Market Share & Ranking
WOL3D is a pioneer in the Indian 3D printing industry; the company is growing faster than the industry average of 20-25% YoY.
Strategic Alliances
MoU with Aptech Limited for vocational training; authorized distribution for Flashforge, Creality, and Bambu Lab.
External Factors
Industry Trends
The Indian 3D printing market is currently only 0.3% of the global industry, with a government target of 5%, implying a 12x growth opportunity. The industry is shifting from simple prototyping to mass manufacturing via 3D printing farms.
Competitive Landscape
Competes with unorganized importers and specialized additive manufacturing service bureaus, but differentiates through its authorized distribution of top global brands.
Competitive Moat
WOL3D's moat is built on its 9+ years of early-mover advantage, a comprehensive ecosystem (hardware + consumables + services), and high brand visibility from Shark Tank India Season 2.
Macro Economic Sensitivity
Highly sensitive to government education budgets (Atal Tinkering Labs) and the 'Make in India' initiative, which promotes local additive manufacturing.
Consumer Behavior
Increasing demand for personalized and sustainable products is driving the growth of the 3D printed toy market (Vinglits).
Geopolitical Risks
Trade barriers or import restrictions on electronics and 3D printing components from China could disrupt the hardware distribution segment.
Regulatory & Governance
Industry Regulations
Operations are subject to ISO standards and import/export regulations for electronic hardware and chemical consumables (resins/filaments).
Environmental Compliance
Products are CE and RoHS certified, ensuring compliance with global safety and environmental standards for electronics and materials.
Taxation Policy Impact
Tax expenses for H1FY26 were INR 1.25 Cr on a PBT of INR 5.06 Cr, implying an effective tax rate of approximately 24.7%.
Legal Contingencies
A promoter group member, Mrs. Rita Hiten Parekh, sold 40,000 shares (0.69% stake) on November 19, 2025, which was initially reported in a non-prescribed format, potentially raising minor technical compliance queries under SEBI PIT Regulations.
Risk Analysis
Key Uncertainties
The primary uncertainty is the timing of the INR 500 Cr revenue opportunity from government school labs, which is critical for achieving high-growth projections.
Geographic Concentration Risk
Concentrated in India, with major operations and experience centers in Mumbai and other Tier-1/2 cities.
Third Party Dependencies
High dependency on global hardware manufacturers (Creality, Bambu Lab) for the Hardware segment, which accounts for 56% of revenue.
Technology Obsolescence Risk
3D printing is a fast-evolving field; the company mitigates this by distributing multiple leading brands rather than relying on a single proprietary hardware technology.
Credit & Counterparty Risk
Trade debtors increased to INR 7.3 Cr in September 2025 from INR 4.8 Cr in March 2025, a 52% increase, reflecting growing B2B sales and potential credit risk.
