WPIL Ltd

WPIL Limited trading window closed from Oct 1, 2026 to Nov 16, 2026

AGM Details

• Date and time: 7 August 2026 at 11:00 a.m. IST.
• Mode: through video conferencing / other audio-visual means.
• Remote e-voting period: 4–6 August 2026; cut-off date: 31 July 2026.

Resolutions & Outcomes

• Resolution 1: Adoption of audited standalone and consolidated financial statements; passed.
• Resolution 2: Dividend of Rs 2 per equity share declared; passed.
• Resolution 3: Re-appointment of K. K. Ganeriwala (DIN: 00408722); passed.
• Resolution 4: Re-appointment of Debraj Roy (DIN: 10492039); passed.
• Resolution 5: Ratification of remuneration payable to Cost Auditor; passed.

Directors

• Re-appointment of K. K. Ganeriwala, retiring by rotation; confirmed.
• Re-appointment of Debraj Roy, retiring by rotation; confirmed.

Auditors

• Remuneration payable to Cost Auditor ratified.

AGM Details

• Date and time: 7 August 2026 at 11:00 HRS.
• Mode: video conferencing via NSDL platform; no physical venue.
• Venue: registered office at Godrej Genesis Building, Kolkata.
• Meeting duration: 11:42 hours; started at 11:00 HRS.
• Attendee mix: Promoters/Promoters Group attendance 56.

Meeting Details

Financial Performance

• Consolidated revenue ₹501 crores, up 32% YoY.
• EBITDA ₹75 crores; margin 15.04%.
• PAT ₹59 crores; margin 11.79%.
• Standalone revenue ₹115 crores; down 37% YoY.
• Standalone EBITDA ₹14 crores; margin 12.21%.
• Standalone PAT ₹6 crores; margin 5.41%.
• Total order book ₹5,270 crores at quarter end.

Segment and Geography

• International revenue ₹386 crores; up from ₹197 crores YoY.
• International EBITDA margin 15%.
• International order book ₹2,891 crores.
• Domestic product revenue ₹72 crores; product order book ₹459 crores.
• Domestic project revenue ₹43 crores; project order book ₹1,921 crores; O&M ₹530 crores.
• Product orders split 55% international, 45% domestic.
• Project orders split 55% international, 45% domestic.

Key Markets and Projects

• PCI Africa commenced execution of large SA water contracts; momentum expected.
• South Africa contracts: 3–4 year horizon; first quarter contribution seen.
• MP debarment notice; response underway; resolution expected within ~1 year.

Balance Sheet and Cash Flow

• Cash on books not disclosed in call.
• Capex: nothing substantial planned this year.
• NSE listing: trading on NSE now available.

Outlook and Q&A Highlights

• Management targets EBITDA margin in 15–20% range for the year.
• Domestic water sector improvement expected in H2 as issues resolve.
• JJM receivables expected to flow in from this quarter; 300–350 crores pending.
• Run-rate revenue around ₹500 crores per quarter; visibility intact.

Q&A Summary

• Margins stable despite macro; raw material mainly steel; price-variation contracts protect long term.
• Consolidated margin 15%; expect further improvement.
• Product order book ₹1,029 crores; project order book ₹4,241 crores; 55% international, 45% domestic.
• Domestic project order book ₹1,921 crores; O&M ₹530 crores.
• Minority stakes to be reduced; PCI to 100% in ~2–3 years; others later.

Meeting Details

• Date and time: Friday, 24 July 2026 at 5:30 PM.
• Type and mode: Group earnings call conducted virtually.
• Organizer: Arihant Capital Markets Ltd.
• Event: Q1FY27 Earnings Call for WPIL Ltd.

Participants

• Management attending: Managing Director and Executive Director.

Purpose

• Purpose: discuss Q1FY27 earnings and outlook with investors.

Meeting Details

• Meeting scheduled on Friday, 24 July 2026; time/venue not disclosed.

Key Agenda Items

• Consider and approve unaudited financial results for quarter ended 30 June 2026, subject to limited review.

AGM Details

• Date and time: August 7, 2026 at 11:00 AM IST.
• Mode: VC/OAVM.
• Venue deemed at registered office; meeting held via VC/OAVM.
• Record closure: Members' register closed Aug 1–Aug 7, 2026.
• Regulatory framework: MCA circulars and SEBI LODR compliance.

Resolutions Put to Vote

• Ordinary: Adoption of standalone financial statements.
• Ordinary: Adoption of consolidated financial statements.
• Ordinary: Dividend of Rs 2 per equity share.
• To re-appoint K.K. Ganeriwala as director.
• To re-appoint Debraj Roy as director.
• Special: Ratify cost auditor remuneration of Rs 1,00,000 plus GST.

Dividend

• Dividend proposed: Rs 2 per equity share for year ended 31 March 2026.

Director Changes

• K.K. Ganeriwala: re-appointment as director (retiring by rotation).
• Debraj Roy: re-appointment as director (retiring by rotation).

Auditor Appointments

• Cost Auditor remuneration ratified: Rs 1,00,000 plus GST and expenses.

Overview

• Main activities: pumps, spares/accessories manufacturing and turnkey project erection/installation/commissioning.
• Reporting boundary: standalone BRSR for FY2025-26.

Key ESG Risks & Opportunities

• Regulatory compliance risk could affect brand image and customer trust.
• Ethics and governance risk requires effective whistleblower mechanisms.
• Health & safety objective: zero-harm; LTIFR 0 for employees and workers.
• Human rights and supply chain risk; policies and supplier code of conduct.
• Sustainable sourcing opportunity: 85% of domestic critical inputs sourced sustainably.
• CSR initiatives provide potential social license and stakeholder goodwill.

Governance & Policy Highlights

• Board oversight led by MD; CSR and SRC committees govern ESG issues.
• Policies include ABAC, Whistle Blower, WCOC, POSH, CSR, HR policies.
• Policy access: ABAC and Whistle Blower policies on company website.
• No external independent ESG assessment; internal audits; provider appointment pending.
• Disciplinary actions for bribery: none reported.
• Value chain policy extends to suppliers; contracts embed human rights commitments.

Social Responsibility & Workforce

• Total workforce: 525 employees and 490 workers; permanent/non-permanent mix reported.
• Board female representation: 1 of 4 directors (25%).
• Turnover: permanent employees 19.88%; workers 3.79% in FY25-26.
• LTIFR: zero for employees and workers; no fatalities.
• Equal opportunity policy; workplaces accessible to differently abled visitors.
• CSR focus areas: education, skill development, health care; beneficiaries across programs.
• Grievance mechanisms exist for employees/workers; processes aim for timely resolution.

Environmental Performance

• Total energy consumption: 16.39 trillion joules; all from non-renewable sources.
• Energy intensity: 2143.9 J per rupee of turnover.
• Water withdrawal: total 14,384 kl; groundwater 13,962 kl; municipal 422 kl.
• Zero liquid discharge: wastewater recycled for industrial use.
• Waste: total 315.736 MT; major non-hazardous metal chips 310.452 MT; e-waste 0.449 MT.
• GHG emissions: Scope 1 & 2 data not disclosed; ISO 14001 and ISO 45001 adopted.

Stakeholder Engagement & Complaints

• Stakeholders: employees, shareholders, customers, communities, suppliers; engagement via meetings, AGM, emails.
• Grievance mechanisms exist with multiple channels; community outreach and feedback incorporated.
• Customer feedback tracked under QA; complaints handled per policy with timely responses.

Other Notable Metrics

• MSME procurement: 38% direct inputs from MSMEs; 62% domestic Indian sourcing.
• Concentration: top trading houses account for 42.44% of purchases.
• Related party transactions: purchases from related parties 1.67%; sales to related parties 11.56%.
• value chain health and safety: 53.77% of upstream partners assessed for H&S.
• Cybersecurity: policy in place; no data breaches reported.
• CSR turnover: Rs 76,268 lakhs; net worth Rs 98,248 lakhs; green credits: NIL.