In Wednesday’s trading session,one of the leaders in Pumps & Pumping Systems, specializing in providing innovative solutions for the water, irrigation, and drainage sectors, jumped 6 percent following acquisition of 100% stake in leading Italian pumping solutions Firm, MISA.
Price action
With a market capitalization of Rs. 7,028.39 crores on Wednesday, the shares of WPIL Limited were trading at Rs. 755 up by 5.8 percent making a high of Rs. 768 per share compared to its previous closing price of Rs. 719.60 per share.
What Happened
WPIL Limited, specializing in the design, manufacturing, and supply of high-performance pumps and pumping systems, through its subsidiary Gruppo Aturia, has acquired 100 percent holding of MISA., an Italian company known for its expertise in large pumping station projects and the supply of pumps and hydro turbines.
This acquisition strengthens Gruppo Aturia’s position as a major European supplier of large pumps and enhances its capability to provide turnkey solutions for pumping station projects. MISA, with a rich legacy dating back to 1901, has a strong presence in Europe and North Africa.
WPIL’s Managing Director, Prakash Agarwal, expressed enthusiasm about the acquisition, highlighting its potential to strengthen the company’s offerings in water, irrigation, and drainage across Europe and the MENA region. The transaction was completed in cash, with the amount undisclosed.
About the Company
WPIL Limited is a well-established global player in the field of engineering solutions, specializing in the design, manufacturing, and supply of high-performance pumps and pumping systems. The company has a strong focus on providing end-to-end solutions for a variety of sectors, including water supply, irrigation, drainage, sewage, and industrial applications.
WPIL is known for its excellence in offering large-scale pumping systems, hydro turbines, and integrated solutions for pumping stations, while also being committed to sustainability and leveraging cutting-edge technologies to meet the evolving needs of its customers in Europe, Asia, Africa, and beyond. The Consolidated Orderbook of the company is ~Rs. 36,650 Million.
Q2-FY25 Highlights – DOMESTIC
Domestic revenues grew by 55 percent in H1 FY25, with the Product Division’s revenue rising to Rs.83 crores, up from Rs. 60 crores in FY24, and the Projects Division’s revenue increasing to Rs. 431 crores, compared to Rs. 260 crores in FY24.
The outlook for the Product division is improving based on product portfolio expansion and strong market presence.
Shareholding Pattern
The ownership structure of WPIL Limited is as follows: the promoters hold a significant 70.80 percent stake in the company, while Mutual Funds own 2.43 percent, Alternative Investment Funds (AIF) have 0.18 percent, and Foreign Portfolio Investors (FPI) hold 5.68 percent. The remaining 20.91 percent is held by the public
Financials
The company’s revenue rose by 160 percent from Rs 191.52 crore to Rs 499.42 crore in Q2FY24-25. Meanwhile, Net profit gained from Rs 23.43 crores to Rs 60.23 crore during the same period.
Key Financial ratios
WPIL Limited has a Return on Equity (RoE) of 1.66 percent and a Return on Capital Employed (RoCE) of 20.1 percent. Furthermore, the company’s debt-to-equity ratio is 0.3.
Written by Sridhar J
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