Financial Performance Summary (FY 2025-26)
Walchandnagar Industries Limited reported a significantly reduced net loss of ₹14.68 crore for FY26, a major improvement from ₹86.03 crore in FY25. This turnaround was driven by two consecutive quarters of profitability (Q3 and Q4) before exceptional items and a structural operational improvement. EBITDA turned positive at ₹3,549 lakhs compared to negative ₹3,561 lakhs in the previous year - a positive swing of over ₹7,110 lakhs.
Operational Highlights
The Heavy Engineering segment turned profitable with ₹25.84 crore result versus prior year's ₹60.67 crore loss. Revenue from Operations increased to ₹27,519 lakhs from ₹25,918 lakhs. The company maintains a strong order book of ₹871.77 crore as of March 31, 2026, with exports surging to ₹59.36 crore from ₹9.61 crore, reflecting strategic focus on Defence, Nuclear, and Aerospace sectors. Export orders on hand stood at ₹395.42 crore.
117th Annual General Meeting (AGM)
The 117th AGM is scheduled for August 11, 2026, via video conference. Key agenda items include adoption of financial statements, re-appointment of Mr. Chakor L. Doshi who retires by rotation, renewal of his consultancy contract for two years, alteration of the Registered Office clause following the shift from Mumbai to Pune, and ratification of cost auditor remuneration for FY27.
Employee Benefits and Liabilities
The company's gratuity obligation surged to ₹20.90 crore from ₹13.85 crore, with a ₹5.57 crore actuarial loss recognized in Other Comprehensive Income. Compensated absence liability stood at ₹2.82 crore. Contingent liabilities total ₹27.52 crore from various tax demands and legal claims, including Service Tax & Penalty (₹13.35 crore pending at CESTAT), Sales Tax/VAT matters, and other disputed dues.
Other Material Disclosures
The company settled a legal dispute with Aicitta Intelligent Technology, securing a ₹1 crore payment in five instalments starting April 2026. Operations at the Foundry Division resumed normally in November 2025 after an amicable settlement of labor issues. The company faces an insolvency application for a ₹7.95 crore claim pending before NCLT, which it is contesting. Credit rating was reaffirmed at 'BB Negative' for fund-based loans and 'A4+' for non-fund-based limits.
Segment Reporting and Assets
Primary business segments are Heavy Engineering, and Foundry and Machine Shop. Total segment assets were ₹87,969 lakhs with unallocated corporate assets of ₹173 lakhs. Geographical segments show domestic revenue of ₹21,739 lakhs and export revenue of ₹5,780 lakhs. The company confirmed compliance with all statutory requirements including audit trail functionality and no benami transactions.