Walchandnagar Industries (WALCHANNAG) is loss-making over the last 12 months, so a P/E ratio does not apply. Its share price on 6 Nov 2026 was ₹189.83, 40% below its 52-week high. Sales fell 5.2% a year over 3 years. Debt is 0.68× equity. It is a small-cap company with a market cap of ₹1,289 Cr, ranked 56th of 156 Engineering & Construction companies by market cap; the shares rose 13% over the past year.
- ₹192.19
- ₹194.00
- ₹187.14
- ₹194.71
- 3.9 L
Health check
- ReturnsIn line
+12.5% over a year, better than 4 of 7 peers.
- Price tagLoss-making
Earnings were negative over the last 12 months.
- GrowthShrinking
Sales −5.2% a year over 3 years.
- ProfitabilityWeak
ROCE 2.9% vs peer median 19.9%.
- Balance sheetStretched
Debt 0.68× equity, interest covered 0.5×, Piotroski 5 of 9.
- Red flags4 to check
Loss-making over the last twelve months.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹1,289 Cr
- Small cap
- P/E
- n/a
- Industry 16.4
- Price to book
- 3.52
- Peers 4.92
- Dividend yield
- 0.00%
- ROE
- 2.6%
- Peers 17.9%
- ROCE
- 2.9%
- Peers 19.9%
- Debt to equity
- 0.68
- Debt ₹246 Cr
- EPS (TTM)
- −₹0.48
- Face value ₹2
- OPM (TTM)
- 7.5%
- Net margin 2.6%
- Sales growth
- +83.8%
- Latest quarter vs a year ago
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 3.56
- EV/EBITDA 30.4
Strengths and risks
Strengths
- Quarterly sales up 83.8% on a year ago.
Risks to check
- Loss-making over the last twelve months.
- Return on equity is low at 2.6%.
- 40% below its 52-week high.
- Interest coverage of only 0.8×.
About Walchandnagar Industries
Walchandnagar Industries Limited operates as a heavy engineering and project execution company in India and internationally. It operates through Heavy Engineering; Foundry and Machine Shop; and Others segments. The company provides booster motor casings and nozzles for aerospace applications; and design, engineering, manufacture, supply, project management, and supervision services for cement plant equipment and clinker grinding units. It also offers…
- Headquarters
- Pune
- Employees
- 1,270
- Sector
- Industrials
- ISIN
- INE711A01022
- Website
- walchand.com
Price range
- Avg volume (3M)
- 7.8 L
- 1-year return
- plus 12.5%
- From 52-week high
- minus 39.9%
Peers · Engineering & Construction
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| LTLarsen & Toubro | 4,117.70 | plus 1.67% | 5,66,549 | 31.7 | 19.6 | 14.6% | 9.6% | 1.05 | 16.1% | plus 3.2% |
| RVNLRail Vikas Nigam | 193.34 | minus 0.18% | 40,312 | 44.9 | 56.9 | 11.0% | 4.3% | 0.49 | 0.2% | minus 40.5% |
| CEMPROCemindia Projects | 1,323.30 | plus 2.79% | 24,405 | 36.4 | 24.2 | 37.1% | 10.3% | 0.38 | 25.5% | plus 49.2% |
| KPILKalpataru Projects International | 1,370.80 | minus 0.04% | 23,410 | 20.6 | 10.1 | 19.9% | 8.3% | 0.46 | 18.4% | plus 4.3% |
| NBCCNBCC (India) | 78.00 | minus 2.90% | 21,060 | 26.5 | 19.8 | 34.3% | 6.1% | 0.00 | 12.9% | minus 29.5% |
| ENGINERSINEngineers India | 292.70 | minus 1.94% | 16,451 | 18.3 | 21.5 | 28.1% | 21.2% | 0.00 | 5.7% | plus 51.1% |
| WABAGVA Tech Wabag | 1,988.20 | plus 6.57% | 12,429 | 29.4 | 20.8 | 16.3% | 10.9% | 0.09 | 9.9% | plus 33.2% |
| WALCHANNAGWalchandnagar Industries | 189.83 | minus 2.51% | 1,289 | – | 66.9 | 2.9% | 7.5% | 0.68 | −5.2% | plus 12.5% |
| Median of 7 peers | – | −0.04% | 23,410 | 29.4 | 20.8 | 19.9% | 9.6% | 0.38 | 12.9% | 4.3% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 49.4 | 51.8 | 81 | 93 | 90.8 | |
| 51.8 | 54.8 | 65.7 | 88.9 | 83.5 | |
| −2.4 | −3.1 | 15.3 | 4.2 | 7.4 | |
| −4.8% | −5.9% | 18.9% | 4.5% | 8.1% | |
| 4.5 | 3.7 | 3.1 | 10.2 | 7 | |
| 9.9 | 9.8 | 9.5 | 9.3 | 10 | |
| 2.7 | 2.8 | 2.8 | 2.8 | 3.1 | |
| – | – | −1.4 | 0.7 | – | |
| −10.4 | −11.9 | 4.7 | 2.9 | 1.2 | |
| −10.4 | −11.9 | 4.7 | 2.9 | 1.2 | |
| -1.54 | -1.76 | 0.68 | 0.43 | 0.17 |
Profit & loss
- Sales CAGR 3Y
- −5.2%
- ROE
- 2.6%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 319 | 299 | 256 | 272 | |
| – | minus 6.3% | minus 14.3% | +6.3% | |
| 353 | 289 | 309 | 250 | |
| −34 | 10 | −53.2 | 22.2 | |
| −10.6% | 3.3% | −20.8% | 8.1% | |
| −0.4 | 18.2 | 2.4 | 0.4 | |
| 41.3 | 37 | 33.6 | 27.3 | |
| 18.7 | 14.8 | 10.6 | 10 | |
| 114 | −18.2 | 9 | 0.2 | |
| 19.6 | −41.8 | −86 | −14.7 | |
| 19.6 | −41.8 | −86 | −14.7 | |
| 4.26 | -9.04 | -14.73 | -2.17 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 9.2 | 11.1 | 13.5 | 13.6 | |
| 251 | 350 | 359 | 345 | |
| 293 | 241 | 194 | 219 | |
| 275 | 274 | 306 | 304 | |
| 828 | 876 | 872 | 881 | |
| 284 | 271 | 272 | 289 | |
| 1.6 | 0.9 | 29.8 | 26.8 | |
| 0.1 | 0.2 | 0.2 | 0.2 | |
| 5.6 | 60.3 | 55.4 | 22.4 | |
| 537 | 543 | 514 | 543 | |
| 828 | 876 | 872 | 881 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 76.1 | 10.8 | 15.6 | −11.1 | |
| 8.1 | 3.9 | −15.5 | −14 | |
| −85.4 | 39.3 | −0.9 | −9.8 | |
| −1.2 | 54 | −0.8 | −34.9 | |
| −1.6 | −1.7 | −34.7 | −25.1 | |
| 74.6 | 9 | −19 | −36.2 |
Shareholding pattern
- Promoters31.56%
- Public68.44%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 31.56% | 68.44% | minus 0.03 | |
| 30 Jun 2026 | 31.59% | 68.41% | 0.00 | |
| 31 Mar 2026 | 31.59% | 68.41% | 0.00 | |
| 31 Dec 2025 | 31.59% | 68.41% | minus 0.01 | |
| 30 Sep 2025 | 31.60% | 68.40% | – |
Major shareholders
Filings & events
News
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