Synopsis:
WPIL’s South African subsidiary secured an 821 million Rand (Rs. 426 crore) MCWAP2 project contract, boosting its international portfolio, strengthening its African presence, and providing long-term revenue visibility over 48 months.
This Water management stock, engaged in designing, developing, manufacturing, erecting, commissioning, and servicing pumps and pumping systems, providing fluid handling solutions and turnkey water projects globally, jumped 9.33 percent after securing Rs. 426 crore order for electro-mechanical and instrumentation work from the South African Govt Water Infra agency
With a market capitalization of Rs. 4,038.69 crores, the share of WPIL Limited has reached an intraday high of Rs. 422.90 per equity share, rising nearly 9.33 percent from its previous day’s close price of Rs. 386.80. Since then, the stock has retreated and is currently trading at Rs. 413.50 per equity share.
What is the news?
WPIL announced that its South African subsidiary has won a new contract from METSI KE MATLA JV for the MCWAP2 Project, run by the Trans Caledon Tunnel Authority. The contract is worth 821 million Rand, which is about Rs. 426 crore. It covers complete electromechanical and instrumentation work and is an important addition to the company’s international project portfolio.
The project is expected to be completed within 48 months, giving WPIL long-term revenue visibility. This win further strengthens WPIL’s presence in the African market and supports its global growth plans.
Order Book
WPIL has a strong consolidated order book of Rs. 4,131.5 crore, reflecting healthy demand across both project and product segments. The project order backlog stands at Rs. 3,054 crore, with Rs. 2,134 crore from the domestic market and Rs. 920 crore from international operations, showing a solid pipeline for long-term execution.
The product order backlog adds another Rs. 1,077.5 crore, consisting of Rs. 422 crore domestic and Rs. 655.5 crore international orders. This balanced mix of domestic and global orders highlights WPIL’s strong market presence and ongoing growth momentum.
Company Overview
WPIL Limited was incorporated in 1952 and formerly known as Worthington Pump India Ltd, is a multi-national company headquartered in Kolkata, India, specializing in the design, development, manufacturing, erection, commissioning, and servicing of engineered pumps and pumping systems.
Initially focused on centrifugal pumps, WPIL built a strong manufacturing infrastructure and a large installed base across industries like irrigation, water supply, and power. The company expanded into turnkey water projects by adding civil construction capabilities, establishing a presence throughout India before expanding globally to Europe, Africa, Australia, and Southeast Asia.
Further, WPIL operates 12 manufacturing locations covering all facets of pump production, assembly, and testing. Its product range includes vertical turbine pumps, axial flow pumps, split case pumps, submersible pumps, and motor pumps, serving diverse sectors.
Recent quarter results
Coming into financial highlights, WPIL Limited’s revenue has decreased from Rs. 491 crore in Q2FY25 to Rs. 426 crore in Q2 FY26, which is a drop of 13.24 percent. The net profit has also decreased by 25.71 percent from Rs. 70 crore in Q2 FY25 to Rs. 52 crore in Q2 FY26. WPIL Limited’s revenue and net profit have grown at a CAGR of 14.73 percent and 18.65 percent, respectively, over the last five years.
In terms of return ratios, the company’s ROCE and ROE stand at 15.6 percent and 10 percent, respectively. WPIL Limited has an earnings per share (EPS) of Rs. 9.88, and its debt-to-equity ratio is 0.39x.
Written By – Nikhil Naik
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