Wendt India Ltd (WENDT)

₹13761.25▲1.33%

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Overview

Fundamentals

Q3 '23 Results

Technicals

News and Events

Wendt India Ltd share Performance

₹13640
₹14200
₹13761.25
0.88%
Low
Day's Volatility:4.07%
High
3.19%
₹8968.9
₹15990
₹13761.25
34.82%
Low
52 Weeks Volatility:51.02%
High
16.20%

Returns %
1 Month Return	11.99 %
3 Month Return	8.73 %
1 Year Return	48.91 %

Market Stats
Previous Close	₹13,946.45
Open	₹13,981.05
Volume	679.00
Upper Circuit	-
Lower Circuit	-
Market Cap	₹2,789.29Cr

Company Information

Wendt India, established in 1983 with financial and technical collaboration from Wendt Germany, faced losses right from its inception. In 1990, Carborundum Universal (part of the Murugappa group) stepped in to take over the company with a 40% stake from the collaborators. Wendt India specializes in the manufacture of premium grinding wheels made from diamonds and cubic boron nitrite. In March 1995, the company commissioned a wind electric generator of 225 kW in Perungudi, Tamil Nadu, and launched a new Edgestar range of diamond sharpeners. Their products for the granito tile industry have gained acceptance in India and they are now actively pursuing exports to West Asia and Malaysia. In 2001-02, Wendtsoft expanded their software division by marketing Central Excise Management CENTRAC.

Share Price: ₹13761.25 per share as on 06 May, 2024 04:01 PM
Market Capitalisation: ₹2,789.29Cr as of today
Revenue: ₹69.47Cr as on March 2024 (Q1 24)
Net Profit: ₹13.38Cr as on March 2024 (Q1 24)
Listing date: 23 Sep, 1996
Chairperson Name: Shrinivas G Shirgurkar

Organisation	Wendt India Ltd
Headquarters	Hosur
Industry	Capital Goods-Non Electrical Equipment
E-voting on shares	Click here to vote

Key events for Wendt India Ltd

Wendt India's Profits Show Quality Issues - 03 May, 2024
According to analysts, Wendt India's accrual ratio for the last twelve months indicates less than ideal cash conversion and its free cash flow fell short of reported profits. However, earnings per share have grown impressively over the past three years.
Wendt India Reports Increase in Revenue and EPS - 01 May, 2024
Wendt (India) reported an increase in revenue by 7.9% from FY 2023, with Super Abrasives segment contributing 59% of total revenue. Net income increased by 2.2%, while profit margin decreased to 18%. Shares are up 11% from a week ago.
Wendt India Ltd Reduces Dividend by 60% - 28 Apr, 2024
Wendt India Limited has announced a 60% reduction in dividend payable on August 13th, with a cash payout ratio of 87%. The company's growth prospects may be constrained as most of the cash is going back to shareholders. However, Wendt India has grown EPS at 15% per year over the past five years, and assuming recent trends continue, the payout ratio could be sustainable at 25% next year.
Wendt India Q4 Net Profit Jumps 4.61% - 26 Apr, 2024
Wendt India's consolidated net profit for Q4 FY24 increased by 4.61% YoY to Rs 13.38 crore, while revenue from operations rose 21.56%. The company also declared a final dividend of Rs 20 per share for the year ended March 31, 2024.
Wendt India Announces Final Dividend Amid Flat Profit in FY24 - 25 Apr, 2024
Wendt India announced a final dividend of Rs 20 per equity share for FY24 despite posting a flat consolidated profit after tax. The company's standalone net profit dropped marginally to Rs 39.5 crore in FY24. However, the company reported growth in domestic sales and increased revenue from operations.
Wendt India's High P/E Ratio Justified by Strong Earnings Growth - 24 Apr, 2024
Despite Wendt India's high P/E ratio of 62.6x, its recent earnings growth has been superb with a 503% overall rise in EPS over the last three years. This justifies investors' willingness to pay up for the stock and maintain its high P/E ratio. Unless there is a deterioration in earnings, the company will continue to provide strong support to the share price.

Fundamentals of Wendt India Ltd

Insights on Wendt India Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

POSITIVE IMPACT
Profit Spike
Netprofit is up for the last 3 quarters, 8.95 Cr → 13.38 Cr (in ₹), with an average increase of 17.5% per quarter
POSITIVE IMPACT
Best in 3 Years
In the last 3 years, WENDT has outperformed top 5 stocks with highest market-cap in Industrial Machinery & Equipment
POSITIVE IMPACT
Price Rise
In the last 7 days, WENDT stock has moved up by 7.7%
POSITIVE IMPACT
FII Holding Up
Foreign Institutions have increased holdings from 0.02% to 0.05% in Mar 2024 quarter
POSITIVE IMPACT
Revenue Rich
Revenue is up for the last 3 quarters, 52.67 Cr → 71.89 Cr (in ₹), with an average increase of 14.1% per quarter
POSITIVE IMPACT
Retail Holding Up
Retail Investor have increased holdings from 18.16% to 18.17% in Mar 2024 quarter
NO EFFECT
Promoter Holding Unchanged
Promoters holdings remained unchanged at 75.00% of holdings in Mar 2024 quarter
NO EFFECT
Against Peers
In the last 1 year, Thermax Ltd has given 105.6% return, outperforming this stock by 56.6%
NEGATIVE IMPACT
MF Holding Down
Mutual Funds have decreased holdings from 6.73% to 6.69% in Mar 2024 quarter