Walchandnagar Industries share price today

Walchandnagar Industries Ltd's share price was ₹185.28 at the close on 4 November 2026. It has been falling for 2 weeks. That is 12.7% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹139 and ₹312, and at that close it sat 27% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Walchandnagar Industries Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 17 weeks running.

Over the last 11 years the share price moved +33% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 10 July 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

9 points on a year earlier, indian funds and insurers (DIIs) cut their stake for 3 quarters in a row and number of shareholders up 29% in a year.

1. Operating margin up 12.9 points on a year earlier

   8.1% in the June 2026 quarter, from -4.8%.

2. Indian funds and insurers (DIIs) cut their stake for 3 quarters in a row

   From 0.8% to 0.2% of the company by the September 2026 quarter.

3. Number of shareholders up 29% in a year

   1,01,727 shareholders in the September 2026 quarter, against 78,880 a year earlier.

For April to June 2026 (the quarter ended 30 June 2026), Walchandnagar Industries reported revenue of ₹90.8 crore, up 83.8% from ₹49.4 crore a year earlier, and a profit of ₹1.18 crore, against a loss of ₹10.4 crore a year earlier.

Walchandnagar Industries results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Walchandnagar Industries closed at ₹185.28 on 4 November 2026, up 8.4% from ₹170.89 a year earlier (7 November 2025) and up 239.3% over five years. Its highest weekly close since March 2016 was ₹417.80 on 2 August 2024.

Walchandnagar Industries share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

563 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: Walchandnagar Industries closed at ₹185.28, up 2.9% on the week and down 5.6% on the month. Results for April to June 2026: Revenue up 83.8% on a year earlier.

Walchandnagar Industries has paid no dividend on the NSE since 1 April 2021, the start of the period we checked.

No. Walchandnagar Industries Ltd paid out 0% of its profit as dividends in each of its last 13 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate.

From the NSE corporate-actions record, read 5 November 2026.

Walchandnagar Industries' management made 0 promises we could check against what it later reported.

Our read after the January to March 2026 results, written 31 May 2026. The April to June 2026 results are out since, so this part may be out of date until we update it.

What is changing at Walchandnagar Industries, from the latest results and calls: nuclear shanti act + bsr programme, revenue recovery and execution improvement and balance sheet repair.

• Nuclear SHANTI Act + BSR Programme. SHANTI Act (Dec 2025) opened nuclear to private sector; 50 planned BSR 220 MWe plants represent ₹35,000 Cr addressable equipment pool for WIL at ₹700 Cr/plant per management estimates. ⚠ estimate
• Revenue Recovery and Execution Improvement. Revenue recovered to ₹93 Cr in January to March 2026 (highest in recent history, +75% on a year earlier) after trough of ₹49 Cr in April to June 2025; FY26 full-year ₹275 Cr vs ₹259 Cr in FY25. ⚠ estimate
• Balance Sheet Repair. Long-term debt reduced from ₹170 Cr (FY22) to ₹51.44 Cr (FY25), ₹118 Cr deleveraging over 4 years while absorbing ₹180+ Cr of cumulative losses. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Our read after the January to March 2026 results, written 31 May 2026. The April to June 2026 results are out since, so this part may be out of date until we update it.

No order book data disclosed in January to March 2026 results, last known figure ₹938 Cr as of March 2024; critical gap for a project-execution business.

• Last disclosed order book ₹938 Cr (March 2024) has not been updated for 5 quarters; without order book visibility the Q4 revenue level cannot be projected forward. ⚠ estimate

Our read after the January to March 2026 results, written 31 May 2026. The April to June 2026 results are out since, so this part may be out of date until we update it.

January to March 2026 profit of ₹2.94 Cr was entirely explained by ₹10.19 Cr other income, core EBIT ex-other-income remained negative.

The main risks

• : January to March 2026 profit of ₹2.94 Cr was entirely explained by ₹10.19 Cr other income, core EBIT ex-other-income remained negative. ⚠ estimate
• : No order book data disclosed; revenue ranged ₹49-93 Cr per quarter in FY26 (1.9× swing) with no forward visibility to assess sustainability. ⚠ estimate
• : Aicitta acquisition (₹16 Cr, 60.3% stake) announced March 2025 and exited within 12 months, signals capital allocation discipline issues. ✓ fact

Our read after the January to March 2026 results, written 31 May 2026. The April to June 2026 results are out since, so this part may be out of date until we update it.

Walchandnagar Industries is not on any of our India lists this week.

Walchandnagar Industries Ltd earned ₹1.2 Cr of net profit in the Jun 2026 quarter. The full FY26 year was a loss of ₹15.0 Cr. That is 1.3% of the quarter's revenue. The same quarter a year earlier lost ₹10.4 Cr. 9 of the last 12 reported quarters were loss-making.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

Walchandnagar Industries Ltd reported ₹90.8 Cr of revenue in the Jun 2026 quarter, +83.8% on the same quarter a year earlier. That is the 3rd quarter in a row with growth on the year before. Over 10 years it has grown −10.2% a year on average. The last full year, FY26, came in at ₹275 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹317 Cr.

FY26 revenue was ₹275 Cr, +6.2% on the year before.

Recent pace: the last four quarters grew +43.1% on average, against −10.2% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +38.0%, against +0.4% a year over the last 8 quarters (accelerating).

Walchandnagar Industries Ltd's operating margin was 8.1% in the Jun 2026 quarter, 12.9 percentage points higher than the same quarter a year ago. Across 13 years it has been between −27.0% and 22.0%. The latest quarter is within that range.

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

Why the margin moved: operating margin changed +12.9 percentage points on the year while gross margin changed −6.9 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Walchandnagar Industries Ltd's cash-flow history is too short to judge how much of its profit turns into cash. In FY26 its operations used ₹11.0 Cr of cash, against −₹15.0 Cr of profit. After ₹39.0 Cr of spending on assets, free cash was −₹50.0 Cr: it spent more than its operations brought in.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building.

Walchandnagar Industries Ltd's customer, stock and supplier day counts come out in the thousands of days on sales this small (₹275 Cr in FY26), so no cash-cycle chart is drawn and this section looks at its spending on assets instead. It spent ₹31.0 Cr on assets over the last 3 years.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Averaged over those years that is 3.8% of FY26 revenue a year.

Spending on assets: ₹31.0 Cr over the last 3 years, against ₹37.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is spending about what it takes to replace what wears out, or less. Work still in progress is ₹17.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Walchandnagar Industries Ltd's P/E is 51.5×, with too little history to compare. Its usual P/E (the middle reading) is 53.5×, over 4 months of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

In short: there is too little history to say whether the multiple is high or low for this company, so the earnings trend underneath matters more than the multiple.

Walchandnagar Industries Ltd's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 12 quarters of 2 measures, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: with too little history, we say so rather than guess a direction.

There are fewer than eight usable quarters, so this page does not guess a direction from so little history.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Walchandnagar Industries Ltd earned a ROCE of 4% in FY26. That is up from a low of −8% in FY25. Its return on capital used (ROIC) is 8.1 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses.

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

It comes from a −5.5% net margin and 0.31× asset turnover (sales divided by assets).

Why the return is what it is (FY26): a −5.5% net margin × 0.31× asset turnover × 2.45× leverage (assets divided by equity) ≈ −4.2% on equity. The margin does its share; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: 3.9% − 12.0% = −8.1 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve.

Walchandnagar Industries Ltd has total debt of ₹219 Cr against shareholder equity of ₹359 Cr as of Jun 2026, so its debt is 0.61× its equity. Year by year, that ratio went from 2.53 in FY22 to 0.61 in FY26. Keep that borrowing in mind when reading the returns on this page.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.