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Last Updated: April 2, 2026, 3:56 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 507410 | NSE: WALCHANNAG

Walchandnagar Industries Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹158.86Undervalued by 11.09%vs CMP ₹143.00

P/E (15.0) × ROE (25.3%) × BV (₹51.30) × DY (2.00%)

Defaults: P/E=15

₹81.55Overvalued by 42.97%vs CMP ₹143.00
MoS: -75.4% (Negative)Confidence: 44/100 (Low)Models: 1 Fair, 3 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹139.5841%Fair (-2.4%)
Net Asset ValueAssets₹51.3424%Over (-64.1%)
ROCE CapitalReturns₹30.6916%Over (-78.5%)
Revenue MultipleRevenue₹38.1018%Over (-73.4%)
Consensus (4 models)₹81.55100%Overvalued
Key Drivers: Wide model spread (₹31–₹140) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -12.1% · Defaults: P/E=15

*Investments are subject to market risks

Investment Snapshot

48
Walchandnagar Industries Ltd scores 48/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health45/100 · Moderate
ROCE 8.3% AverageROE 25.3% ExcellentD/E 1.57 High debtInterest Coverage 0.0x RiskyProfitable 1/5 years Inconsistent
Smart Money65/100 · Strong
FII holding stable No changeDII holding up 0.66% MF buyingPromoter holding at 31.6% Stable
Earnings Quality50/100 · Moderate
OPM contracting (-2% → -14%) DecliningWorking capital: -36 days (improving) Efficient
Quarterly Momentum45/100 · Moderate
Revenue (4Q): -21% YoY DecliningOPM: 18.9% (up 28.5% YoY) Margin expansion
Industry Rank40/100 · Moderate
ROCE 8.3% vs industry 15.8% Below peersROE 25.3% vs industry 13.1% Above peers3Y sales CAGR: -5% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:56 am

Market Cap 972 Cr.
Current Price 143
Intrinsic Value₹81.55
High / Low 278/131
Stock P/E
Book Value 51.3
Dividend Yield0.00 %
ROCE8.33 %
ROE25.3 %
Face Value 2.00
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Walchandnagar Industries Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Walchandnagar Industries Ltd 972 Cr. 143 278/131 51.30.00 %8.33 %25.3 % 2.00
Eimco Elecon (India) Ltd 893 Cr. 1,548 3,020/1,30118.9 7780.32 %16.0 %11.8 % 10.0
Macpower CNC Machines Ltd 868 Cr. 867 1,090/76126.4 1550.17 %27.1 %19.8 % 10.0
Bajaj Steel Industries Ltd 701 Cr. 337 870/30213.3 1990.30 %21.3 %17.9 % 5.00
Kabra Extrusion Technik Ltd 697 Cr. 199 330/171 1291.25 %7.90 %6.02 % 5.00
Industry Average9,009.11 Cr1,209.8537.05295.050.38%15.76%13.09%8.88

All Competitor Stocks of Walchandnagar Industries Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 72.98112.1067.1987.9255.8691.3879.1767.8659.0753.0849.4351.7880.95
Expenses 70.85146.0669.4482.8263.8486.1291.9973.9664.75100.1851.8054.8165.65
Operating Profit 2.13-33.96-2.255.10-7.985.26-12.82-6.10-5.68-47.10-2.37-3.0315.30
OPM % 2.92%-30.29%-3.35%5.80%-14.29%5.76%-16.19%-8.99%-9.62%-88.73%-4.79%-5.85%18.90%
Other Income 11.14108.307.353.846.744.2324.289.703.322.924.533.641.70
Interest 14.0713.3512.2712.7813.2411.0110.5811.9712.099.259.869.759.54
Depreciation 4.714.554.244.304.182.082.612.662.682.692.692.762.80
Profit before tax -5.5156.44-11.41-8.14-18.66-3.60-1.73-11.03-17.13-56.12-10.39-11.904.66
Tax % 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Net Profit -5.5156.44-11.41-8.14-18.66-3.60-1.73-11.03-17.13-56.12-10.39-11.904.66
EPS in Rs -1.2012.28-2.48-1.77-4.06-0.65-0.31-1.99-3.09-8.32-1.53-1.750.69

Last Updated: February 3, 2026, 2:46 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 10:46 am

MetricSep 2013Sep 2014Mar 2016n n 18mMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 727638802398398364298326299322302259235
Expenses 749623741350323282263305276356301330272
Operating Profit -231661487682352023-341-71-37
OPM % -3%2%8%12%19%22%12%6%8%-11%0%-27%-16%
Other Income 4732-54925102533128214013
Interest 42499170778288797155504438
Depreciation 18173436332723232219151111
Profit before tax -36-19-69-54-26-2-65-57-3820-42-86-74
Tax % 7%-33%5%47%0%0%0%0%0%0%0%0%
Net Profit -38-12-72-80-26-2-65-57-3820-42-86-74
EPS in Rs -10.06-3.25-18.83-20.89-6.78-0.56-17.19-15.04-10.004.26-7.55-12.75-10.91
Dividend Payout % -4%-12%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)67.50%92.31%-3150.00%12.31%33.33%152.63%-310.00%-104.76%
Change in YoY Net Profit Growth (%)0.00%24.81%-3242.31%3162.31%21.03%119.30%-462.63%205.24%

Walchandnagar Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 8 years from 2017-2018 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:-9%
5 Years:-3%
3 Years:-5%
TTM:-27%
Compounded Profit Growth
10 Years:%
5 Years:-19%
3 Years:-23%
TTM:-207%
Stock Price CAGR
10 Years:3%
5 Years:27%
3 Years:40%
1 Year:-44%
Return on Equity
10 Years:-17%
5 Years:-26%
3 Years:-25%
Last Year:-25%

Last Updated: September 5, 2025, 1:51 pm

Balance Sheet

Last Updated: December 4, 2025, 2:13 am

MonthSep 2013Sep 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 8888888889111314
Reserves 699663554357331328261204169251350359335
Borrowings 261350405431434454405411448293241194194
Other Liabilities 619594432414381377372335309275274306323
Total Liabilities 1,5861,6151,3981,2091,1551,1661,046958934828876872865
Fixed Assets 638617560390364357346333312285272245244
CWIP 204112594421828
Investments 312505330000000
Other Assets 896969837813786801692622617541602619593
Total Assets 1,5861,6151,3981,2091,1551,1661,046958934828876872865

Reserves and Borrowings Chart

Cash Flow

MonthSep 2013Sep 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -38-3806350146597128761116
Cash from Investing Activity + 273115-103-4939-82684-15
Cash from Financing Activity + 541-37-66-55-78-121-64-54-8539-1
Net Cash Flow -635-22-14-218-24-00-154-1
Free Cash Flow -43-39-105943134446726759-19
CFO/OP 110%-99%21%127%61%174%168%331%93%-205%742%-14%

Free Cash Flow

MonthMar 2016n n 18mMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2013Sep 2014
Free Cash Flow61.00-383.00-358.00-372.00-370.00-391.00-425.00-327.00-240.00-265.00-284.00-334.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthSep 2013Sep 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 21023118033033923124323526921018599
Inventory Days 2413942664103846401,030378475279380363
Days Payable 24925594186214311383174234170201186
Cash Conversion Cycle 201371353554508560891439509319363275
Working Capital Days 23513318155-2247-1434-30-36
ROCE %-4%0%3%2%6%10%4%3%2%-5%0%-8%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 34.87%34.87%34.87%34.84%31.55%31.55%31.55%31.53%31.76%31.76%31.59%31.59%
FIIs 0.22%0.19%0.03%0.33%0.28%0.35%0.31%0.52%0.64%0.36%0.38%0.46%
DIIs 0.18%0.18%0.18%0.18%0.23%0.15%0.28%0.15%0.14%0.70%0.80%0.80%
Government 0.03%0.03%0.03%0.03%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%
Public 64.69%64.73%64.88%64.63%67.91%67.92%67.84%67.78%67.42%67.14%67.20%67.12%
No. of Shareholders 55,55055,34557,97355,72557,59359,81173,68677,38679,69880,37178,88083,130

Shareholding Pattern Chart

No. of Shareholders

Walchandnagar Industries Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) -14.73-9.044.26-10.00-15.04
Diluted EPS (Rs.) -14.73-9.044.26-10.00-15.04
Cash EPS (Rs.) -11.18-4.888.33-4.16-9.01
Book Value[Excl.RevalReserv]/Share (Rs.) 55.2964.1353.0746.5255.64
Book Value[Incl.RevalReserv]/Share (Rs.) 55.2964.1353.0746.5255.64
Revenue From Operations / Share (Rs.) 38.4354.5870.1078.6385.58
PBDIT / Share (Rs.) -5.284.02-2.6914.4011.77
PBIT / Share (Rs.) -6.861.35-6.758.565.73
PBT / Share (Rs.) -12.75-7.554.26-10.01-15.04
Net Profit / Share (Rs.) -12.75-7.554.26-10.01-15.04
PBDIT Margin (%) -13.747.36-3.8318.3113.75
PBIT Margin (%) -17.842.47-9.6310.886.69
PBT Margin (%) -33.19-13.836.07-12.72-17.57
Net Profit Margin (%) -33.19-13.836.07-12.72-17.57
Return on Networth / Equity (%) -23.06-11.778.02-21.50-27.03
Return on Capital Employeed (%) -9.521.70-7.946.754.61
Return On Assets (%) -9.86-4.772.36-4.07-5.97
Long Term Debt / Equity (X) 0.130.000.200.960.49
Total Debt / Equity (X) 0.510.671.202.531.57
Asset Turnover Ratio (%) 0.290.350.360.310.32
Current Ratio (X) 1.281.271.131.161.07
Quick Ratio (X) 0.960.950.830.820.75
Inventory Turnover Ratio (X) 1.971.111.170.860.49
Interest Coverage Ratio (X) -0.810.45-0.220.770.56
Interest Coverage Ratio (Post Tax) (X) -1.050.15-0.560.460.27
Enterprise Value (Cr.) 1125.671251.95482.03593.11524.57
EV / Net Operating Revenue (X) 4.344.141.501.981.61
EV / EBITDA (X) -31.6056.19-39.0010.8211.71
MarketCap / Net Operating Revenue (X) 4.023.710.750.630.73
Price / BV (X) 2.793.160.991.081.13
Price / Net Operating Revenue (X) 4.023.710.750.630.73
EarningsYield -0.08-0.030.08-0.19-0.23

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Walchandnagar Industries Ltd. is a Public Limited Listed company incorporated on 25/11/1908 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L74999MH1908PLC000291 and registration number is 000291. Currently company belongs to the Industry of Engineering - Heavy. Company's Total Operating Revenue is Rs. 259.18 Cr. and Equity Capital is Rs. 13.49 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Engineering - Heavy3, Walchand Terraces, Tardeo Road, Mumbai Maharashtra 400034Contact not found
Management
NamePosition Held
Mr. Chakor L DoshiChairman
Mr. Chirag C DoshiManaging Director & CEO
Mr. Giriraj Sharan AgrawalWhole Time Director
Mr. Jayesh DadiaDirector
Mrs. Rupal VoraDirector
Mr. Prabhat KumarDirector

FAQ

What is the intrinsic value of Walchandnagar Industries Ltd and is it undervalued?

As of 14 April 2026, Walchandnagar Industries Ltd's intrinsic value is ₹81.55, which is 42.97% lower than the current market price of ₹143.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (25.3 %), book value (₹51.3), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Walchandnagar Industries Ltd?

Walchandnagar Industries Ltd is trading at ₹143.00 as of 14 April 2026, with a FY2026-2027 high of ₹278 and low of ₹131. The stock is currently near its 52-week low. Market cap stands at ₹972 Cr..

How does Walchandnagar Industries Ltd's P/E ratio compare to its industry?

Walchandnagar Industries Ltd has a P/E ratio of , which is below the industry average of 37.05. This is broadly in line with or below the industry average.

Is Walchandnagar Industries Ltd financially healthy?

Key indicators for Walchandnagar Industries Ltd: ROCE of 8.33 % is on the lower side compared to the industry average of 15.76%; ROE of 25.3 % shows strong shareholder returns. Dividend yield is 0.00 %.

Is Walchandnagar Industries Ltd profitable and how is the profit trend?

Walchandnagar Industries Ltd reported a net profit of ₹-86 Cr in Mar 2025 on revenue of ₹259 Cr. Compared to ₹-38 Cr in Mar 2022, the net profit shows a mixed trend.

Does Walchandnagar Industries Ltd pay dividends?

Walchandnagar Industries Ltd has a dividend yield of 0.00 % at the current price of ₹143.00. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Walchandnagar Industries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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