WPIL Ltd (Worthington Pump India Limited)

WPIL Limited dedicates itself to the cause of total customer satisfaction. The Company has to its credit a rich experience of about 60 years in Designing, Developing, Manufacturing, Erecting, Commissioning and Servicing of Pumps & Pumping Systems.

With the help of erstwhile foreign partners such as JOHNSTON PUMPS for Vertical Turbines, HAYWARD TAYLOR for Submersibles and WORTHINGTON for Horizontals; or with the in-house R&D recognized by the Ministry of Science and Technology, Govt. of India, it has grown into a strong brand - WPIL.

Historical Benchmarks:
1952 Johnston Pumps India - A JV of Johnston, US.
1982 License from Hayward Tyler, UK for Submersible motor.
1983 Worthington Pumps India Ltd - JV of Worthington.
1990 1st 2 x 500 MW CW Pump order for NTPC Farakka.
2003 First turnkey contract from NTPC Vindyachal 500 MW
2005 Turnkey project for Bagjola Drainage Pumping Station
2006 Major Sea water Pumps (DuplexSS) for Saudi Arabia-JANA.
2008 WPIL-CLYDE JV is formed
2009-10 First Duplex Stainless Steel CW Pumps in India (NTPC - Simhadri), orders for largest capacity metalic CW Pumps (45,000 M³/hr) & concrete Volute Pumps for NTPC Barh.
2011 WPIL starts operations in Australia, Thailand & UK.

 

Year end	Mar 11	Mar 10	Mar 09	Mar 08	Mar 07
Net sales	224.74	216.72	165.55	116.25	69.63
Operating profit	30.93	26.72	18.75	13.24	7.45
Net profit	15.73	13.37	8.28	4.95	1.48
Equity cap pd	7.97	7.97	7.97	7.97	7.97
EPS	19.75	16.78	10.39	6.22	1.85

 

	Quarter ended			Year to Date			Year ended
	201112 (3)	201012 (3)	% Var	201112 (9)	201012 (9)	%Var	201103 (12)	201003 (12)	% Var
Sales	73.78	39.99	84.50	199.26	130.71	52.44	213.43	210.71	1.29
Other Income	0.23	0.01	2200.00	1.09	0.29	275.86	0.52	0.45	15.56
PBIDT	9.49	4.41	115.19	26.34	17.12	53.86	29.08	25.37	14.62
Interest	2.63	1.27	107.09	5.48	2.99	83.28	4.29	3.56	20.51
PBDT	6.86	3.14	118.47	20.86	14.13	47.63	24.79	21.81	13.66
Depreciation	0.47	0.44	6.82	1.47	1.28	14.84	1.71	1.43	19.58
PBT	6.39	2.70	136.67	19.39	12.85	50.89	23.08	20.38	13.25
TAX	2.16	0.87	148.28	6.27	4.12	52.18	7.02	6.62	6.04
PAT	4.30	1.78	141.57	12.82	8.43	52.08	15.73	13.37	17.65
Equity	7.97	7.97	0.00	7.97	7.97	0.00	7.97	7.97	0.00

 

Last Ratios (%)

SALES GR-3.34

EBITDA -15.74

NPM- 7

ROE -37.8

ROCE -34.50

PE -8.56

PBV- 2.9

Div. Yield-. 1

Key Info

52 Week H/L Rs311 / 150

Face Value Rs. 10

TTM EPS 29

M. Cap (in Rs. Cr.) 161.00

Book Value 61

Dividend 20%

 

Key Info

52 Week H/L Rs311 / 150

Face Value Rs. 10

TTM EPS 29

M. Cap (in Rs. Cr.) 161.00

Book Value 61

Dividend 20%

 


 

                                                        LATEST DEVALOPMENTS

WPIL Ltd, industrial pumps maker, expects to have a strong foothold in the exports market following two back-to-back acquisitions of overseas facilities — Sterling Pumps of Australia and Mathers Foundry of UK — in April and July. The move will also help the company enter sectors such as oil & gas and nuclear energy. Company also planning to expand its existing joint venture with ClydeUnion of UK by setting up a plant at Nagpur to churn out more pumps for the thermal power sector.

 Company now trying to grow over international business and export more. Company have been exporting for the last 30 years and company  have realized that being present globally is very important. Just exporting from India wouldn’t help any more. By being there with local engineering back-up is something company need to have. it has acquired from the Midlands-based Westley Group, the £29.7 million Manchester-based Mathers Foundry, a steel foundry, which supplies castings for pumps used in oil & gas, nuclear, paper, chemical and power generation.

 The historic Mathers Foundry traces its origin in the early days of the industrial revolution when, in 1817, William Mather of “Mather & Platt” fame started a roller-turning facility in Manchester. In recent times the company changed hands frequently, thrice in the last three years. “The business will continue with its existing management team. Their main aim now is to smoothen the Mathers’ operations and then we would be consolidating and strengthening. This year it’s going to make a profit. Earlier in April,

WPIL acquired 51% stake in Sterling Pumps of Australia, which specializes in making turbine pumps and submersible pumps for irrigation, process and mining industries. The acquisitions would also help WPIL to venture into supplying industries such as oil & gas exploration and nuclear power generation. Mathers pumps have been approved by The National Nuclear Safety Administration of China. WPIL is expanding its a joint venture with ClydeUnion of Glasgow, called Clyde Pumps India. They have been making pumps for the power sector but there are certain types which we were not making them, so they have formed this JV. Clyde is also setting up another plant at Nagpur, which would focus on supplying large pumps for the power sector. The investment of about 20 crore would be staggered; starting with the machine shop, the assembly shop and then testing facilities. The first phase would be done in 2013 and would be then expanded slowly”