Wanbury Ltd

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Wanbury Ltd trades at ₹332, in a confirmed uptrend and 13 weeks into that stage. That is +28.3% against its own 200-day average. It sits at 100% of a 52-week range of ₹177 to ₹332. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 9 straight weeks.

Today the stock is in a confirmed uptrend — week 13 of stage 2, confirmed. At ₹332 it trades +28.3% versus its 200-day average and sits at 100% of its 52-week range (₹177–₹332).

Against the market, two honest reads. Cumulative: over the last 10.4 years the stock moved +724% while the NIFTY 500 moved +280% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 9 straight weeks — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 62nd percentile of its own range.

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Wanbury Ltd trades at 27.0× P/E, mid-range by its own standards (62nd percentile). Its long-run median P/E is 21.7×, measured across 10.4 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 27.0× is mid-range by its own standards (62nd percentile), against a long-run median of 21.7× measured over 10.4 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

🚨 Why the multiple sits where it does: over the past year annual EPS moved −45.5% against a +23.0% price move — the price outran earnings, pushing the multiple UP its own range.

The price move, decomposed: over 10y, of the +23.6%/yr price move, ~+23.3%/yr came from earnings growth and ~+0.3 pp from the multiple (roughly flat). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.

Put together: the multiple is unremarkable against its own past, so the story rests on the earnings line underneath it, not the multiple.

A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources do not share enough overlapping reported history to be compared. A figure nobody could check is not used to price growth — the gap is a decision, not missing data.

→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.

Stage: Turning around Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Wanbury Ltd reads as turning around on its fundamental arc. Turning around — profit growth swung from −80.0% at the trough to +1500.0% off a 5-quarter-old trough (single-quarter readings), ROCE slipping at 37.0%. The read is built from 8 quarters across 3 curves, on partial evidence.

Why it matters: growth inflections are where re-ratings start — the curves say a turn is forming, so the question becomes whether the next quarters confirm it.

One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.

→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.

4-Factor Sector Score

67.2/100 — rank 2 of 14 in Pharma - API · 73% evidence confidence

Wanbury Ltd scores 67.2 out of 100 against the 14 companies it is compared with in Pharma - API, ranking 2. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

The four contributions add to the total exactly: 25.4 + 15.3 + 12.1 + 14.4 = 67.2. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

Revenue Revenue is the top line: everything the company billed its customers in the period.

Wanbury Ltd reported ₹162 Cr of revenue in the Dec 25 quarter, +21.8% year on year. Over 10 years it has compounded at 9.1% a year. The last full year, FY25, came in at ₹600 Cr. The last four reported quarters add to ₹657 Cr.

Wanbury Ltd reported ₹162 Cr of revenue in the Dec 25 quarter, +21.8% year on year. Over 10 years it has compounded at 9.1% a year. The last full year, FY25, came in at ₹600 Cr. The last four reported quarters add to ₹657 Cr.

FY25 revenue came in at ₹600 Cr (+7.7% on the year), capping 10 years at 9.1% compound. The latest quarter (Dec 25) printed ₹162 Cr, +21.8% year on year.

Pace check: the last four quarters averaged +17.3% growth against the decade's 9.1% — the current year is running faster than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew +16.5% over the last 4 quarters against +7.5%/yr over the last 8 — accelerating; TTM profit +45.5% vs +66.8%/yr — rolling over.

→ Revenue grew — did margins hold as it scaled? Next: 16.0% this quarter (+6.0 pp YoY).

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Wanbury Ltd's operating margin is 16.0% in the Dec 25 quarter, +6.0 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 12 fiscal years the operating margin has ranged −18.0% to 13.0%. The current quarter is running above every full year in that window.

Wanbury Ltd's operating margin is 16.0% in the Dec 25 quarter, +6.0 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 12 fiscal years the operating margin has ranged −18.0% to 13.0%. The current quarter is running above every full year in that window.

The latest quarter's operating margin is 16.0%, +6.0 pp against the same quarter a year ago. Across 12 fiscal years the operating margin has ranged −18.0%–13.0%, and FY25's 13.0% is the top of that band — a record year.

Why the margin moved: operating margin went +6.6 pp year on year while gross margin went +4.4 pp — the gain came mostly from the gross line: input costs and pricing.

Worth repeating from the valuation section: cheap against its own history on record margins is not the same thing as cheap — a record margin flatters every ratio built on top of it.

→ Margins held — did that reach the bottom line? Next: profit +1,500.0% in the latest quarter.

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Wanbury Ltd earned ₹16.0 Cr of net profit in the Dec 25 quarter, +1,500.0% year on year. It is the 3rd consecutive quarter of growth. Full-year FY25 profit was ₹31.0 Cr. The 10-year compound rate is 26.3%. That is 9.9% of the quarter's revenue. The same quarter a year earlier earned ₹1.0 Cr.

Wanbury Ltd earned ₹16.0 Cr of net profit in the Dec 25 quarter, +1,500.0% year on year. It is the 3rd consecutive quarter of growth. Full-year FY25 profit was ₹31.0 Cr. The 10-year compound rate is 26.3%. That is 9.9% of the quarter's revenue. The same quarter a year earlier earned ₹1.0 Cr.

Dec 25 profit was ₹16.0 Cr, +1,500.0% year on year — the 3rd consecutive quarter of growth. On the full year, FY25 printed ₹31.0 Cr (−44.6%), and the 10-year compound rate is 26.3%.

Why profit moved: revenue contributed +21.8% and the margin +6.0 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.

Pace comparison, last four quarters: profit +686.6% vs revenue +17.3%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.

→ Profit rose — but did the cash follow? Next: 42% of the last 3 years' profit arrived as cash.

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years 42% of Wanbury Ltd's reported profit arrived as operating cash — a gap worth watching. In FY25 that was ₹26.0 Cr of operating cash against ₹31.0 Cr of profit. After ₹49.0 Cr of capital spending, ₹−23.0 Cr was left as free cash. Cash resolution here is annual, because quarterly cash statements are not published.

FY25: operating cash of ₹26.0 Cr against reported profit of ₹31.0 Cr, leaving free cash of ₹−23.0 Cr after ₹49.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 42% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

🚨 Why conversion sits at 42%: the cash cycle stretched 122 days between FY20 and FY25 — more of each rupee of profit waits inside the cycle before arriving. Less than 70% of profit arriving as cash is the thing to watch on this page.

Router verdict: conversion is below par and the cash cycle has stretched 122 days — the next section's job is to find where the cash is stuck.

→ So follow the cash to where it goes. Next: the −55-day cycle, in money terms.

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Wanbury Ltd's cash conversion cycle runs −55 days in FY25, up from −177 days in FY20. Capital spending ran ₹75.0 Cr over the last 3 years. At FY25 sales of ₹600 Cr each day of that cycle holds about ₹1.6 Cr, so roughly ₹−90.0 Cr sits inside the business at any moment.

FY25: debtors at 70 days, inventory at 47 days — roughly 1.5 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of −55 days, looser than FY20's −177.

The full loop: cash goes out to suppliers and production on day 0; stock waits 47 days to sell; customers pay about 70 days after that; and suppliers themselves are paid at 172 days — netting out to the −55-day cycle.

In money terms: at FY25 sales of ₹600 Cr, each day of the cycle holds about ₹1.6 Cr — so the −55-day loop keeps roughly ₹−90.0 Cr sitting inside the business at any moment.

On the investment side: capital spending of ₹75.0 Cr over the last 3 fiscal years against ₹38.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹5.0 Cr (FY25) — capacity paid for but not yet earning.

The synthesis: the working-capital loop is the cash sink the router flagged — watch the cycle, not the P&L.

→ Does all this activity actually earn its cost of capital? Next: ROCE is 37% and the ROIC − WACC spread is +16.3 pp.

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.⚠ unverified

Wanbury Ltd earns a ROCE of 37% in FY25. That is up from a trough of −1% in FY18. Return on invested capital clears the cost of that capital by +16.3 percentage points, so growth here adds value rather than only size. The wiring behind it is 5.2% net margin on 1.45× asset turns.

FY25 ROCE is 37%, recovered from a FY18 trough of −1% — the full ladder below shows the fall and the climb, undoctored.

Why the return is what it is — the wiring (FY25): 5.2% net margin × 1.45× asset turns × 7.02× balance-sheet leverage ≈ 52.9% on equity. Margin does its share; leverage is a meaningful part of the equation.

The capstone test — ROIC − WACC: 28.3% − 12.0% = a +16.3 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. A spread this wide means every rupee reinvested creates more than a rupee of value — the engine compounds.

→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 3.03.

Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.⚠ unverified

Wanbury Ltd carries total debt of ₹224 Cr against shareholder equity of ₹144 Cr as of Mar 26, a debt-to-equity of 1.56. On the annual view that ratio went from 27.00 in FY22 to 1.56 in FY26. Read the returns elsewhere on this page with that leverage in mind.

Mar 26: total debt of ₹224 Cr against shareholder equity of ₹144 Cr — a debt-to-equity of 1.56. On the annual view, debt-to-equity went from 27.00 (FY22) to 1.56 (FY26). Read the returns on this page with that leverage in mind.

→ Who owns this, and are they adding or leaving? Next: Promoters added 3.2 points over 8 quarters.

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Promoters added 3.2 points of Wanbury Ltd over 8 quarters, the biggest move on the register. That takes promoters to 43.0% of the company. Foreign institutions moved +0.7 points over the same window, to 0.9%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Promoters: +3.2 points over 8 quarters to 43.0%; Foreign institutions: +0.7 points over 8 quarters to 0.9%; Domestic institutions: +0.1 points over 8 quarters to 0.1%.

Why the register moved: promoters drove it (+3.2 points), alongside foreign institutions (+0.7 points) — steady accumulation by institutions reading the same numbers this page reads.

→ One last check: does the safety math agree? Next: the balance-sheet safety line.

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Wanbury Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

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