WALCHANNAG

Walchandnagar Industries Limited

Walchandnagar Industries Limited (WALCHANNAG) financial statements and selected valuation metrics through 30 June 2026.

Industrials›Capital Goods›Industrial Manufacturing›Industrial Products

walchand.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹213.45
Market cap
1,448 Cr
Stock P/E
Loss (TTM EPS ₹-0.47)
P/B
4.04
ROE (FY26)
-4.1%
ROCE (FY26)
4.1%
Operating margin (FY26)
1.2%
Debt / equity (FY26)
0.61
OCF / EBITDA (FY26)
-76.9%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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What you need to know

Walchandnagar Industries is a Maharashtra-based engineering company that designs and makes complex, high-precision engineered equipment, and says it is focusing on defence and missiles, nuclear and aerospace customers.

Company snapshot

43rdBy market cap

Ranked among 69 companies in Industrial Products.

Segment mix

Reportable segments as of 2024-12-31 (Standalone). Revenue share = segment revenue ÷ total revenue.

Largest segment: 72.4% of revenue

SegmentRevenue shareRevenuePBTAssets
Exceptional Item—0 Cr0 Cr0 Cr
Foundry and Machine Shop
17.3%
10 Cr-3 Cr52 Cr
Heavy Engineering
72.4%
43 Cr-3 Cr816 Cr
Others
10.3%
6 Cr2 Cr45 Cr
Profit on Sale of Asset—0 Cr0 Cr0 Cr

What we see

Concerns
  • ✗Net margin is negative — the company is spending more than it earns right now.
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Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales88 Cr56 Cr91 Cr79 Cr68 Cr59 Cr53 Cr49 Cr52 Cr81 Cr93 Cr91 Cr
Operating expenses (approx.)83 Cr64 Cr86 Cr92 Cr74 Cr65 Cr100 Cr52 Cr55 Cr66 Cr89 Cr83 Cr
EBITDA5 Cr-8 Cr5 Cr-13 Cr-6 Cr-6 Cr-47 Cr-2 Cr-3 Cr15 Cr4 Cr7 Cr
OPM %5.8%-14.3%5.8%-16.2%-9.0%-9.6%-88.7%-4.8%-5.9%18.9%4.5%8.1%
Other income4 Cr7 Cr4 Cr24 Cr6 Cr3 Cr3 Cr5 Cr4 Cr3 Cr10 Cr7 Cr
Interest13 Cr13 Cr11 Cr11 Cr12 Cr12 Cr9 Cr10 Cr10 Cr10 Cr9 Cr10 Cr
Depreciation4 Cr4 Cr2 Cr3 Cr3 Cr3 Cr3 Cr3 Cr3 Cr3 Cr3 Cr3 Cr
Profit before tax-8 Cr-19 Cr-4 Cr-2 Cr-11 Cr-17 Cr-56 Cr-10 Cr-12 Cr5 Cr3 Cr1 Cr
Tax %0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Net profit-8 Cr-19 Cr-4 Cr-2 Cr-11 Cr-17 Cr-56 Cr-10 Cr-12 Cr5 Cr3 Cr1 Cr
EPS (₹)₹-1.77₹-4.05₹-0.57₹-0.31₹-1.99₹-3.09₹-8.32₹-1.54₹-1.76₹0.68₹0.43₹0.17

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales398 Cr398 Cr364 Cr298 Cr326 Cr299 Cr322 Cr302 Cr259 Cr275 CrSign in free for the trailing twelve months
Operating expenses (approx.)350 Cr324 Cr284 Cr264 Cr306 Cr277 Cr357 Cr301 Cr330 Cr261 CrSign in free for the trailing twelve months
EBITDA47 Cr75 Cr80 Cr34 Cr20 Cr22 Cr-35 Cr1 Cr-71 Cr14 CrSign in free for the trailing twelve months
OPM %11.9%18.8%22.1%11.3%6.1%7.4%-10.7%0.4%-27.5%5.2%Sign in free for the trailing twelve months
Other income4 Cr9 Cr25 Cr20 Cr25 Cr33 Cr22 Cr21 Cr36 Cr21 CrSign in free for the trailing twelve months
Interest70 Cr76 Cr81 Cr87 Cr79 Cr71 Cr55 Cr49 Cr44 Cr38 CrSign in free for the trailing twelve months
Depreciation36 Cr33 Cr27 Cr23 Cr23 Cr22 Cr19 Cr15 Cr11 Cr11 CrSign in free for the trailing twelve months
Profit before tax-54 Cr-26 Cr-2 Cr-65 Cr-57 Cr-38 Cr20 Cr-42 Cr-86 Cr-15 CrSign in free for the trailing twelve months
Tax %-46.7%—0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%Sign in free for the trailing twelve months
Net profit-80 Cr-26 Cr-2 Cr-65 Cr-57 Cr-38 Cr20 Cr-42 Cr-86 Cr-15 CrSign in free for the trailing twelve months
EPS (₹)₹-20.89₹-6.78₹-0.56₹-17.20₹-15.04₹10.00₹4.26₹-9.04₹-14.73₹-2.17Sign in free for the trailing twelve months
Dividend payout %——————0.0%———Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital8 Cr8 Cr8 Cr8 Cr8 Cr8 Cr9 Cr11 Cr13 Cr14 Cr
Reserves357 Cr331 Cr328 Cr261 Cr204 Cr169 Cr251 Cr350 Cr359 Cr345 Cr
Borrowings414 Cr434 Cr419 Cr381 Cr333 Cr448 Cr293 Cr241 Cr194 Cr219 Cr
Other liabilities431 Cr381 Cr422 Cr396 Cr414 Cr309 Cr275 Cr274 Cr306 Cr304 Cr
Total liabilities1,209 Cr1,155 Cr1,176 Cr1,046 Cr958 Cr934 Cr828 Cr876 Cr872 Cr881 Cr
Fixed assets (net)387 Cr361 Cr342 Cr331 Cr319 Cr299 Cr283 Cr270 Cr243 Cr262 Cr
CWIP1 Cr2 Cr5 Cr9 Cr4 Cr4 Cr2 Cr0.86 Cr8 Cr17 Cr
Investments5 Cr3 Cr5 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr
Inventories192 Cr171 Cr195 Cr235 Cr153 Cr154 Cr132 Cr139 Cr124 Cr138 Cr
Trade receivables360 Cr370 Cr230 Cr199 Cr209 Cr220 Cr185 Cr153 Cr70 Cr86 Cr
Cash & bank11 Cr8 Cr27 Cr3 Cr3 Cr3 Cr2 Cr56 Cr55 Cr20 Cr
Other assets253 Cr240 Cr372 Cr268 Cr268 Cr251 Cr223 Cr255 Cr371 Cr356 Cr
Total assets1,209 Cr1,155 Cr1,176 Cr1,046 Cr958 Cr934 Cr828 Cr876 Cr872 Cr881 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity63 Cr50 Cr—59 Cr75 Cr28 Cr76 Cr11 Cr16 Cr-11 Cr
Cash from investing-10 Cr3 Cr—39 Cr0.41 Cr26 Cr8 Cr4 Cr-15 Cr-14 Cr
Cash from financing-66 Cr-55 Cr—-121 Cr-75 Cr-54 Cr-85 Cr39 Cr-0.93 Cr-10 Cr
Net cash flow-13 Cr-2 Cr—-24 Cr-0.29 Cr0.02 Cr-1 Cr54 Cr-0.78 Cr-35 Cr
Free cash flow (OCF − Capex)59 Cr42 Cr—43 Cr68 Cr25 Cr75 Cr9 Cr-19 Cr-36 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %2.0%6.5%10.4%3.2%4.0%5.2%13.4%1.2%-7.4%4.1%
ROE %-21.8%-7.6%-0.6%-24.3%-27.0%-21.5%7.5%-11.6%-23.1%-4.1%
Debtor days32933823024323426821018598114
Inventory days407412481613577422287337351436
Days payable185230235228265209175178180213
Cash conversion cycle552520477629546482321343269337
OCF / EBITDA %131.8%66.6%—173.8%377.4%128.2%—n.m.—-76.9%
OCF / EBITDA % (3 years)—————213.7%n.m.———
Debt / equity1.141.281.251.411.572.531.120.670.520.61
Current ratio1.061.401.121.161.071.161.121.251.221.08
Net debt / EBITDA8.495.694.8711.2116.7020.12—171.10—13.79