WPIL Ltd
CMP-660
WPIL (Worthington Pump India Ltd) is a 67 years old company engaged in designing, developing, manufacturing, erecting, commissioning and servicing of pumps & pumping systems. WPIL Ltd., formerly known as Worthington Pump India Ltd has been manufacturing pumps of international class & quality to cater water pumping needs across the globe. The company was incorporated on 6th February 1952, at Calcutta, under the name and style of Johnson Pumps India Ltd. The main objective of the company is to manufacture vertical pumps, horizontal pumps, grey iron castings and sluice valves.
WPIL now offers system engineering and complete solutions to all kinds of water and waste water handling and transportation needs.The product range of the company includes Vertical Turbine Pumps,Vertical Mixed Flow & Axial Flow Pumps,Submersible Pumps,Horizontal Centrifugal Pumps,etc.The company is also engaged in the business of fluid handling – from supply of pumps to turnkey project execution. It supplies a comprehensive range of pumps to the Industrial, municipal, irrigation and power sector. The company also has a strong project division which undertakes water management contracts in the above sectors.
Further WPIL Limited Company is also engaged in Irrigation farming, Big Irrigation schemes, Irrigation schemes of thermal power, Nuclear power and other plants of different size vertical and horizontal Pumps design, development, manufacturing, installation, marketing, and pumps, pumps casting, Pump Spare parts, accessories and other related businesses pumps has been earned. through a standalone public company does.
After consolidating its position as a leading pump and pumping systems company in India the company has expanded its operations globally and now has manufacturing operations in United Kingdom , Italy, France, Switzerland, South Africa, Zambia, Australia and Thailand through its Group companies. WPIL has in total more than 13 Joint Ventures and Subsidies with other companies all over the globe.
Key Takeaway-:
- Promoters hold around 68% shares in the company.
- Company has debt of 138 cr , however the company has cash balance of 92.82cr up from previous balance of 32 crs which clearly significies the ability of the company to finance its debt over the long term.
- Company had a roubst performance over 3 and 5 year period where compounded profit grew at 591% and 33% respectively while Compounded Sales Growth was 17 over the same periods.
- Company has solid Return on capital employed of 46.64 %.
- Company has a book value of 416 rs.
WPIL was suggested in DARKHORSESTOCKS in 2017 around 529rs. Since than the stock shot up to 1000rs thereby giving 90% return in 2 years.
