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Wendt India

₹8266 -12.5 | 0.2%

Market Cap ₹1653 Cr.

Stock P/E 41.9

P/B 6.7

Current Price ₹8266

Book Value ₹ 1242.5

Face Value 10

52W High ₹18000

Dividend Yield 0.6%

52W Low ₹ 8174.4

Wendt India Research see more...

Overview Inc. Year: 1980Industry: Abrasives

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 consist of Vitrified Products for auto aspect, dressing rolls for bearing and certain different automobile programs, electroplated merchandise for engineering and tools and brazed diamond merchandise for paint industry. The Company's subsidiaries include Wendt Grinding Technologies Ltd and Wendt Middle East FZE. The Company's production plant is positioned at Hosur, Tamil Nadu.

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Wendt India Share Price

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Peer Comparison

Wendt India Quarterly Results

#(Fig in Cr.) Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
Net Sales 51 51 55 70 49 56 53 76 52 57
Other Income 2 2 2 2 2 3 2 2 2 1
Total Income 53 53 56 72 51 58 55 78 54 58
Total Expenditure 39 39 41 53 39 43 42 57 45 50
Operating Profit 14 14 15 19 13 15 13 20 9 8
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 2 2 2 2 2 2 2 3 3 4
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 12 12 13 17 10 13 11 17 6 4
Provision for Tax 3 3 3 4 3 2 2 4 2 2
Profit After Tax 9 9 10 13 8 11 8 13 4 3
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 9 9 10 13 8 11 8 13 4 3
Adjusted Earnings Per Share 45.1 44.8 48 66.9 38.4 53.5 41.1 64.5 18.9 13.5

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 124 135 146 147 165 143 137 179 210 227 234 238
Other Income 2 2 2 3 3 5 4 4 5 7 9 7
Total Income 126 137 148 149 167 148 141 183 215 234 242 245
Total Expenditure 100 112 121 120 135 124 114 137 154 171 181 194
Operating Profit 26 25 27 29 33 24 27 46 62 63 62 50
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 12
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 38
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 28
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 28
Adjusted Earnings Per Share 67.7 53.9 60.3 65.6 77.1 50.1 63.8 135.3 200.5 204.8 197.4 138

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 -44% 1% 22% 16%
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

# Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
Promoter 75 75 75 75 75 75 75 75 37.5 37.5
FII 0.03 0.01 0.02 0.05 0.04 0.04 0.04 0.09 2.34 1.81
DII 6.86 6.82 6.83 6.79 6.79 6.73 6.73 6.71 9.17 9.62
Public 18.11 18.17 18.16 18.17 18.17 18.23 18.24 18.19 50.99 51.07
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

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 6.7 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Wendt India News

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