Walchan. Inds.

NSE: WALCHANNAG · Industrial Products

52W Range₹131 ₹316

Snapshot

Unlock Walchan. Inds.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Walchandnagar Industries Limited is a heavy engineering and project execution company providing specialised equipment and services to the aerospace, defence, nuclear power, and industrial sectors. The company offers custom-engineered solutions ranging from missile components and nuclear power plant equipment to sugar plant machinery and precision instruments.

Business Model

The company operates on a project-based model, generating revenue through the design, engineering, manufacturing, and turnkey installation of complex industrial machinery and strategic defence equipment. It leverages its long-standing engineering expertise to provide both bespoke manufacturing and consulting services across multiple high-barrier-to-entry sectors.

  • Incorporation Year:1908

Growth Outlook

Growth is driven by the company's participation in strategic national projects within the defence and nuclear power sectors, alongside the modernisation of existing industrial infrastructure. Continued demand for specialised aerospace components and turnkey project execution remains a core focus for long-term expansion.

Key Risks

  • Project Execution Risk. As a heavy engineering firm, the company faces risks related to project delays, cost overruns, and technical complexities inherent in large-scale turnkey contracts.
  • Concentration Risk. Heavy reliance on government-led sectors such as defence and nuclear power makes the company vulnerable to changes in national policy and capital expenditure cycles.
  • Raw Material Price Volatility. Fluctuations in the costs of steel, iron, and other industrial raw materials can significantly impact profit margins on fixed-price contracts.

Price

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Key Metrics

REVENUE

₹275 Cr

TTM · standalone

+6.2%YoY

NET PROFIT

₹-15 Cr

TTM · standalone

+82.9%YoY

EPS

₹-2.19

TTM · standalone

+84.0%YoY

RETURN ON EQUITY

-4.0%

TTM · standalone

+19.6 ppYoY

RETURN ON CAPITAL EMPLOYED

5.0%

TTM · standalone

+14.4 ppYoY

P/E

-114.1x

Q4 FY26 · standalone

-114.1 vs -133.0x5Y avg

EV/EBITDA

53.4x

Q4 FY26 · standalone

53.4 vs -26.3x5Y avg

EBITDA MARGIN

12.9%

TTM · standalone

+26.6 ppYoY

NET PROFIT MARGIN

3.2%

Q4 FY26 · standalone

+108.9 ppYoY

DEBT TO EQUITY

0.6x

Q4 FY26 · standalone

+0.09xYoY

Peers · Industrial Products

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Walchan. Inds.WALCHANNAG
977-114.0953.396.2%12.9%-4.0%5.0%+10.8%
ICE Make Refrig.ICEMAKE
1,121104.2330.8239.3%6.9%9.6%15.4%+0.3%
Gala Precis. EngGALAPREC
96742.9127.0932.2%18.3%13.4%16.8%+33.7%
Rajoo EngineersRAJOOENG
91418.2312.70110.3%20.6%56.1%68.7%-63.4%
Eimco Elecon(I)EIMCOELECO
89427.9018.05-6.4%26.0%8.8%11.4%-22.6%
Mamata MachineryMAMATA
87761.8313.62143.3%63.9%-85.8%-22.0%

As of Q4 FY26

Financials