Company Overview

WPIL Limited (Scrip Code: 505872) is a global leader in flow solutions, offering specialized pumps, engineered flow control products, and turnkey water projects. Incorporated in 1952, the company has over 70 years of heritage and operates 12 manufacturing facilities globally. The company has pursued a buy-and-build strategy, acquiring nine companies across Italy (Gruppo Aturia, Finder Pompe, MISA Srl), South Africa (APE Pumps, Mather & Platt SA, Eigenbau, PCI Africa), and Australia (Sterling Pumps, United Pumps).

Management & Board

The board is led by Managing Director and Promoter Prakash Agarwal (B-Tech, 25+ years experience). Other key executives include:

  • K. K. Ganeriwala, Executive Director (B.Com, 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 project management)

Independent directors include Anjan Dasgupta (ex-BHEL), Rakesh Amol (ex-Alstom), A. K. Pradhan (ex-United Bank of India), and Samarpita Bose.

Q1-FY27 Financial Performance (Consolidated)

Revenue & Profitability:

  • Revenue from Operations: ₹5,005 Mn, up 32.2% YoY (from ₹3,786 Mn in Q1-FY26) but down 2.1% QoQ (from ₹5,112 Mn in Q4-FY26)
  • Operating EBITDA: ₹753 Mn, up 53.0% YoY (from ₹492 Mn)
  • EBITDA Margins: 15.04%, improved 204 bps YoY (from 13.00%) and 13 bps QoQ (from 14.91%)
  • Profit Before Tax (PBT): ₹793 Mn, up 96.3% YoY (from ₹404 Mn) and up 18.5% QoQ (from ₹669 Mn)
  • Profit After Tax (PAT): ₹590 Mn, significantly higher than ₹258 Mn in Q1-FY26
  • PAT Margins: 11.79%, improved 499 bps YoY (from 6.81%)
  • Diluted EPS: ₹3.47 per share, up 51.4% YoY (from ₹2.29)

Other Financial Items:

  • Depreciation: ₹106 Mn, up 14.0% YoY
  • Finance Cost: ₹85 Mn, down 25.4% YoY (from ₹114 Mn) and down 28.6% QoQ (from ₹119 Mn)
  • Other Income: ₹119 Mn, up 33.7% YoY
  • Share of profit of Associate/Joint Venture: ₹112 Mn (compared to ₹31 Mn in Q1-FY26)
  • Taxes: ₹203 Mn, up 38.1% YoY
  • Other Comprehensive Income: ₹91 Mn
  • Total Comprehensive Income: ₹681 Mn

Q1-FY27 Standalone Performance

  • Revenue from Operations: ₹1,147 Mn
  • Operating EBITDA: ₹140 Mn
  • EBITDA Margins: 12.21%
  • Net Profit: ₹62 Mn
  • PAT Margins: 5.41%
  • Diluted EPS: ₹0.63 per share

Operational Highlights

International Business Performance:

  • International revenues surged 95.9% YoY to ₹386 Cr (from ₹197 Cr in Q1-FY26)
  • International EBITDA margins improved materially to 15.0%
  • PCI Africa began execution of large contracts secured in FY2026 in the South African water sector with strong margin profile
  • International order book stands at ₹2,891 Cr

Domestic Business Performance:

  • Product Division revenues grew to ₹72 Cr versus ₹65 Cr in Q1-FY2026
  • Order intake and backlog continues to be robust
  • Project Division performance remains subdued with focus on project commissioning

Product Division Performance:

  • International contribution: 55.4% of product division revenue
  • Gruppo Aturia seeing fresh demand from MENA region (Oil & Gas and water sectors)
  • New enquiries from LNG plants at United Australia
  • WPIL Thailand received good order from Thai drainage sector

Project Division Performance:

  • International contribution: 54.7% of project division revenue
  • Domestic Project Division received a Debarment notice from MPJN; company is attending client's concerns to resolve the situation
  • MISA Italy completed all legacy projects successfully and seeing surge of new irrigation and drainage tenders
  • PCI Africa new projects have started and expected to gain further momentum by year-end

Capital Market Information (as on June 30, 2026)

  • Face Value: ₹1.00
  • Current Market Price: ₹488.65
  • 52 Week High/Low: ₹524.30/₹342.30
  • Market Capitalization: ₹47,726.84 Mn
  • Number of Shares Outstanding: 97.67 Mn
  • Average Trading Volume: 59.95 ('000)
  • Average Net Turnover: ₹45.31 Mn