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Wendt India Overview

Wendt (India) Ltd is a manufacturer of super abrasives, grinding, honing and special purpose machines and additives. It operates through the Machines, Accessories, Super Abrasives; and Components, and Others segments. The Company makes a speciality of super abrasives, non-super abrasives and global business. The super abrasive enterprise consists of Diamond/ cubic boron nitride (CBN) grinding wheels in numerous bonding structures, hones, dressing rolls, segmented merchandise and stationary dressers. The Company also offers products, which consi...Read More

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Wendt India Key Financials

Market Cap ₹1309 Cr.

Stock P/E 33.2

P/B 5.2

Current Price ₹6547

Book Value ₹ 1257.4

Face Value 10

52W High ₹13000

Dividend Yield 0.76%

52W Low ₹ 6207

Wendt India Share Price

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Volume
Price

Wendt India Quarterly Price

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Wendt India Peer Comparison

Wendt India Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 51 55 70 49 56 53 76 52 57 61
Other Income 2 2 2 2 3 2 2 2 1 1
Total Income 53 56 72 51 58 55 78 54 58 62
Total Expenditure 39 41 53 39 43 42 57 45 50 53
Operating Profit 14 15 19 13 15 13 20 9 8 9
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 2 2 2 2 2 2 3 3 4 4
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 12 13 17 10 13 11 17 6 4 5
Provision for Tax 3 3 4 3 2 2 4 2 2 2
Profit After Tax 9 10 13 8 11 8 13 4 3 3
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 9 10 13 8 11 8 13 4 3 3
Adjusted Earnings Per Share 44.8 48 66.9 38.4 53.5 41.1 64.5 18.9 13.5 14.9

Wendt India Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 124 135 146 147 165 143 137 179 210 227 234 246
Other Income 2 2 2 3 3 5 4 4 5 7 9 6
Total Income 126 137 148 149 167 148 141 183 215 234 242 252
Total Expenditure 100 112 121 120 135 124 114 137 154 171 181 205
Operating Profit 26 25 27 29 33 24 27 46 62 63 62 46
Interest 0 1 1 1 0 1 1 1 0 0 1 0
Depreciation 8 9 10 10 10 9 9 9 8 9 10 14
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 17 16 17 18 22 14 17 37 53 54 51 32
Provision for Tax 3 5 5 5 7 4 4 10 13 13 12 10
Profit After Tax 14 11 12 13 15 10 13 27 40 41 39 23
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 14 11 12 13 15 10 13 27 40 41 39 23
Adjusted Earnings Per Share 67.7 53.9 60.3 65.6 77.1 50.1 63.8 135.3 200.5 204.8 197.4 111.8

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 3% 9% 10% 7%
Operating Profit CAGR -2% 10% 21% 9%
PAT CAGR -5% 13% 31% 11%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -30% -7% 15% 14%
ROE Average 17% 20% 17% 14%
ROCE Average 23% 27% 23% 19%

Wendt India Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 100 107 112 122 130 138 143 162 189 212 244
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 9 7 8 4 3 2 2 1 2 2 2
Total Current Liabilities 27 30 25 34 47 43 40 41 38 42 55
Total Liabilities 135 144 145 160 180 183 185 204 229 256 301
Fixed Assets 57 58 61 57 55 54 56 54 56 58 100
Other Non-Current Assets 7 10 5 5 8 10 9 6 4 11 16
Total Current Assets 71 76 78 98 117 118 120 144 168 187 184
Total Assets 135 144 145 160 180 183 185 204 229 256 301

Wendt India Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 6 4 4 4 8 11 14 14 13 13 18
Cash Flow from Operating Activities 17 11 18 23 33 16 8 37 33 30 34
Cash Flow from Investing Activities -14 -5 -13 -15 -24 -12 -1 -30 -18 -8 -26
Cash Flow from Financing Activities -6 -6 -6 -6 -7 -3 -6 -8 -16 -16 -9
Net Cash Inflow / Outflow -3 1 -0 2 2 1 1 -1 -1 5 -1
Closing Cash & Cash Equivalent 4 4 4 8 11 14 14 13 13 18 18

Wendt India Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 67.7 53.88 60.26 65.62 77.07 50.13 63.83 135.33 200.45 204.75 197.4
CEPS(Rs) 109.2 97.4 110.23 117.77 128.46 97.59 108.48 178.38 241 247.5 247.75
DPS(Rs) 25 25 25 25 30 25 30 65 80 50 50
Book NAV/Share(Rs) 497.93 534.93 561.58 608.12 651.29 688.38 716.91 809.79 943.55 1060.55 1218.45
Core EBITDA Margin(%) 17.82 15.64 16.2 17.95 18.23 13.34 16.45 23.52 26.87 24.71 22.73
EBIT Margin(%) 13.04 11.32 10.99 12.72 13.58 10.12 12.94 20.99 25.45 24.08 22.17
Pre Tax Margin(%) 12.71 10.94 10.52 12.11 13.32 9.5 12.45 20.64 25.22 23.9 21.92
PAT Margin (%) 10.21 7.46 7.65 8.81 9.37 7 9.34 15.14 19.07 18.05 16.89
Cash Profit Margin (%) 16.47 13.49 14 15.81 15.61 13.63 15.88 19.95 22.93 21.82 21.2
ROA(%) 10.33 7.74 8.35 8.61 9.07 5.53 6.94 13.92 18.54 16.91 14.19
ROE(%) 14.12 10.43 10.99 11.22 12.24 7.48 9.08 17.73 22.87 20.43 17.32
ROCE(%) 18.05 15.83 15.79 16.19 17.75 10.82 12.54 24.43 30.43 27.25 22.67
Receivable days 61.7 68.98 71.99 82.47 74.4 71.75 83.17 72.25 64.82 75.48 95.16
Inventory Days 50.07 49.52 47.88 51.68 51.08 67.05 70.54 54.22 54.11 56.4 57.34
Payable days 149.48 142.93 120.33 120.22 146.02 171.91 170.05 140.45 119.54 108.58 121.65
PER(x) 25.14 32.29 31.53 37.09 39.71 34.88 49.54 36.91 42.15 55.44 45.16
Price/Book(x) 3.42 3.25 3.38 4 4.7 2.54 4.41 6.17 8.95 10.7 7.32
Dividend Yield(%) 1.47 1.44 1.32 1.03 0.98 1.43 0.95 1.3 0.95 0.44 0.56
EV/Net Sales(x) 2.71 2.55 2.55 3.24 3.61 2.29 4.53 5.52 7.97 9.93 7.55
EV/Core EBITDA(x) 13.13 13.7 13.66 16.16 18.21 13.67 23.25 21.38 27.21 35.65 28.53
Net Sales Growth(%) 12.68 8.66 8.41 0.37 12.18 -12.96 -4.62 30.88 17.58 7.89 3.04
EBIT Growth(%) 0.42 -5.48 5.84 9.43 18 -35.13 21.93 112.35 42.52 2.09 -5.14
PAT Growth(%) 16.11 -20.41 11.82 8.9 17.44 -34.96 27.33 112.03 48.12 2.15 -3.59
EPS Growth(%) 16.11 -20.41 11.82 8.9 17.44 -34.96 27.33 112.03 48.12 2.15 -3.59
Debt/Equity(x) 0 0 0 0 0 0 0.01 0.01 0 0 0
Current Ratio(x) 2.64 2.54 3.12 2.84 2.51 2.73 3 3.56 4.4 4.43 3.34
Quick Ratio(x) 1.95 1.89 2.41 2.22 1.97 2.09 2.38 2.86 3.51 3.57 2.66
Interest Cover(x) 38.86 29.31 23.39 21.03 52.52 16.35 26.21 59.37 111.46 133.22 89.33
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0 0

Wendt India Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 75 75 75 75 75 75 75 37.5 37.5 37.5
FII 0.01 0.02 0.05 0.04 0.04 0.04 0.09 2.34 1.81 1.12
DII 6.82 6.83 6.79 6.79 6.73 6.73 6.71 9.17 9.62 9.83
Public 18.17 18.16 18.17 18.17 18.23 18.24 18.19 50.99 51.07 51.55
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Wendt India News

Wendt India Pros & Cons

Pros

  • Company has delivered good profit growth of 31% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 20%
  • Company is almost debt free.

Cons

  • Promoter holding is low: 37.5%.
  • Debtor days have increased from 108.58 to 121.65days.
  • Stock is trading at 5.2 times its book value.
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