The shares of the prominent super-abrasive grinding wheels manufacturer fell up to 20 percent after the parent company announced it would sell up to 37.5 percent stake via an offer-for-sale (OFS).
With a market capitalization of Rs 1,739.57 crore, the shares of Wendt (India) Ltd were trading at Rs 8,697.85 per share, decreasing around 17 percent as compared to the previous closing price of Rs 10,467.65 apiece.
The shares of Wendt (India) Ltd have seen bearish movement after the parent firm, Wendt GmbH, Germany, announced an offer-for-sale (OFS) of up to 37.5% stake, including a 7.5% green shoe option. The OFS, priced at a floor of ₹6,500 per share, opens for non-retail investors on May 15 and for retail investors on May 16. Looking forward to the company’s financials, Wendt (India) Ltd’s revenue magnified by 9 percent from Rs 70 Crore in Q4FY24 to 76 Crore in Q4FY25. During the same period, net profits remained stable at Rs 13 crore.
Wendt (India) Ltd operates advanced manufacturing facilities in Hosur, India (16.38 acres, 490+ team), and WGTL, Thailand. The Hosur plant shows high capacity utilization across product lines. With a strong global footprint, 78.1% of FY25 revenue comes from exports, supported by a wide distributor and sales office network across continents.
Wendt (India) Ltd showcases new product development driven by strong R&D, covering three segments: Super Abrasives (e.g., Razor Blade Grinding Wheel, Vitrified CBN Wheel), Machines (e.g., TC Ring Grinding Machine, Rotary Surface Grinder), and Precision Products (e.g., Eccentric Shaft, Silicon Nitride Roller), reinforcing its leadership in advanced grinding solutions.
Wendt (India) Limited is a manufacturer of super abrasives, high precision grinding, honing, special purpose machines, and high precision components. The Company operates through four segments: Super Abrasives, Machines, Accessories and Components, and Others.
Written by Abhishek Singh
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