Financial Performance Highlights
Wendt India reported disappointing FY26 results with standalone revenue declining 2.6% YoY to ₹209.31 crore and profit after tax plunging 41% to ₹22.75 crore. The decline was attributed to lower sales, increased expenses, and reduced other income. Operating EBITDA decreased 22% to ₹39.84 crore while profit before tax fell 39% to ₹30.48 crore. Earnings per share stood at ₹113.75, down 41% from the previous year.
Dividend Declaration & Corporate Actions
The board recommended a final dividend of ₹10 per share, bringing the total dividend for FY26 to ₹30 per share (300% on face value of ₹10), with record date set for July 17, 2026. The company convened its 44th Annual General Meeting on July 24, 2026, to seek shareholder approval for financial statements, dividend declaration, and reappointment of director Mr. Muthiah Venkatachalam.
Regulatory Compliance Issues
Wendt India incurred monetary fines of ₹94,400 from both NSE and BSE for non-compliance with SEBI LODR Regulation 17(1) regarding timely submission of compliance reports for Q3 FY26. The company has requested waiver of the fines citing subsequent compliance.
Corporate Restructuring & Investments
Significant ownership changes occurred with Wendt GmbH (renamed PG&F Super Abrasives GmbH) divesting its entire 37.5% stake in May 2025, making Carborundum Universal Limited the sole promoter. The company incorporated Wendt GmbH in Germany with an investment of ₹17.27 crore and acquired peripheral grinding machine technology from PG&F Super Abrasives GmbH.
Subsidiary Performance & Segment Analysis
Wendt Grinding Technologies Limited in Thailand showed strong growth with 7% revenue increase and 42% PAT growth. The new German subsidiary Wendt GmbH reported establishment losses of ₹10.08 crore. Segment-wise, Super Abrasives contributed ₹147.63 crore revenue, while Machines and Accessories segment reported a loss of ₹3.50 crore.
Operational & Recognition Highlights
The company received a Long Service Award recognizing 25+ years of operational excellence and participated in industry exhibitions ENGIMACH 2025 and MACH AUTO EXPO 2026. Wendt India showcased procurement best practices including waste-to-wealth initiatives, Vendor Managed Inventory, and cost optimization measures while organizing various technical seminars and corporate events throughout the year.
Financial Position & Ratios
Total assets stood at ₹279.67 crore with investments of ₹60.79 crore (including ₹40.75 crore in mutual funds). Inventory increased to ₹46.17 crore due to finished machines awaiting customer clearance, while trade receivables decreased to ₹47.59 crore. The company maintained ICRA ratings of AA- (Stable) for long-term facilities and A1+ for short-term facilities.