Company Overview

WPIL Limited, incorporated in 1952, is a global leader in flow solutions offering specialized engineered flow control products and turnkey water projects to clients worldwide. With over 70 years of heritage, the company combines deep engineering expertise with custom-built, high-performance solutions. The company has established a leading presence in turnkey water projects in India and abroad through strategic acquisitions across multiple continents.

Financial Performance - Standalone (H1-FY27)

  • Revenue from Operations: ₹2,328 Mn (down 34.8% YoY from ₹3,571 Mn)
  • Operating Expenses: ₹2,003 Mn (down 31.8% YoY)
  • EBITDA: ₹325 Mn (down 48.8% YoY)
  • EBITDA Margins: 13.96% (down 382 bps from 17.78%)
  • Finance Cost: ₹133 Mn (down 30.0% YoY)
  • PAT: ₹148 Mn (down 66.4% YoY)
  • PAT Margins: 6.36% (down 596 bps from 12.32%)
  • Diluted EPS: ₹1.52 per share

Financial Performance - Consolidated (H1-FY27)

  • Revenue from Operations: ₹8,549 Mn (up 6.3% YoY from ₹8,046 Mn)
  • Operating Expenses: ₹7,324 Mn (up 8.5% YoY)
  • EBITDA: ₹1,225 Mn (down 5.4% YoY)
  • EBITDA Margins: 14.33% (down 178 bps from 16.11%)
  • PAT: ₹926 Mn (up 19.5% YoY)
  • PAT Margins: 10.83% (up 120 bps from 9.63%)
  • Diluted EPS: ₹5.74 per share (down 11.6% YoY from ₹6.49)

Quarterly Performance (Q2-FY27)

Standalone Q2-FY27:

  • Revenue: ₹1,182 Mn (down 32.8% YoY)
  • EBITDA: ₹185 Mn (down 47.4% YoY)
  • EBITDA Margins: 15.65% (down 436 bps YoY)
  • PAT: ₹86 Mn (down 65.6% YoY)
  • PAT Margins: 7.28% (down 693 bps YoY)
  • Diluted EPS: ₹0.89 per share

Consolidated Q2-FY27:

  • Revenue: ₹3,543 Mn (down 16.8% YoY)
  • EBITDA: ₹472 Mn (down 41.3% YoY)
  • EBITDA Margins: 13.32% (down 555 bps YoY)
  • PAT: ₹336 Mn (down 35.1% YoY)
  • PAT Margins: 9.48% (down 268 bps YoY)
  • Diluted EPS: ₹2.27 per share

Business Segment Performance

Domestic Business:

  • H1-FY27 domestic revenues: ₹233 Cr versus ₹357 Cr in previous year
  • Recovery expected in second half of FY2027
  • Robust order backlog maintained

International Business:

  • H1-FY27 international revenues: ₹626 Cr (up 38% YoY from ₹458 Cr)
  • International order book: approximately ₹2,700 Cr
  • PCI Africa execution expected to pick up starting in 2027

Product Division:

  • Domestic order book grown to nearly ₹500 Cr
  • International revenue contribution: 52.1% in Q2-FY27
  • Australian business showing margin profile improvement
  • WPIL Thailand introducing new products in drainage sector

Project Division:

  • Domestic division focused on project commissioning and O&M works
  • O&M revenues starting to pickup, expected to accelerate in H2-FY27
  • MISA Italy completed legacy projects and booked important orders
  • Eigenbau secured repeat order from Riverton Water Works

Geographical Revenue Split

H1-FY2027 Revenue Split by Geography shown in presentation but specific percentages not quantified in text.

Capital Market Information (as on September 30, 2026)

  • Face Value: ₹1.00
  • CMP: ₹436.55
  • 52 Week H/L: ₹524.30/₹342.30
  • Market Cap: ₹42,638.19 Mn
  • Shares Outstanding: 97.67 Mn
  • Avg. Net Turnover: ₹38.31 Mn

Board of Directors

  • Prakash Agarwal: Managing Director, Promoter (B-Tech, 25+ years experience)
  • K. K. Ganeriwala: Executive Director (B.Com (Hons), LLB, FICWA, FCS, 35+ years finance experience)
  • B. P. Khare: Executive Director (Operations) (M.E. Mechanical, 45+ years pump industry experience)
  • Debraj Roy: Executive Director (Projects) (B.E Mechanical, M.E Production, PGCBM, 30+ years experience)

Independent Directors: Anjan Dasgupta (ex-Finance Director, BHEL), Rakesh Amol (ex-Director, Alstom), A. K. Pradhan (ex-MD United Bank of India), Samarpita Bose (Corporate communications)

Global Manufacturing and Operations

WPIL has manufacturing facilities and operations in Italy (Gruppo Aturia, Finder Pompe, MISA Srl), South Africa (APE Pumps, Mather & Platt SA, Eigenbau, PCI Africa), and Australia (Sterling Pumps, United Pumps). Total employee count: over 1,500 employees across four continents.