WPIL share price today

WPIL Ltd's share price was ₹380.65 at the close on 4 November 2026. It has been stalling near its high for 6 weeks. That is 11.8% below its average price over the last 200 trading days. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 8 weeks running.

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 WPIL Ltd is in stage 3. The phase helps read everything below.

In the last 52 weeks it traded between ₹365 and ₹507, and at that close it sat 11% of the way up from that low.

Over the last 11 years the share price moved +878% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 11 September 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.

Three changes stood out: profit fell in the September 2026 quarter, indian funds and insurers (DIIs) raised their stake for 4 quarters in a row and operating margin down 6 points on a year earlier.

1. Profit fell in the September 2026 quarter

   Profit was ₹34 crore, -34.6% on a year earlier (₹52 crore), after 3 quarters of growth.

   Why: Profit fell because sales were lower. Customers refused some domestic product deliveries and domestic project work was slow while payments were delayed.

   From the earnings call on 31 Oct 2026.

2. Indian funds and insurers (DIIs) raised their stake for 4 quarters in a row

   From 2.6% to 2.9% of the company by the September 2026 quarter.

3. Operating margin down 6 points on a year earlier

   13% in the September 2026 quarter, from 19%.

   Why: Operating margin fell because revenue dropped but many costs stayed fixed.

   Next results: check whether revenue recovers to normal quarterly levels, since management expects a 17 to 18 percent margin for the full year.

   From the earnings call on 31 Oct 2026.

For July to September 2026 (the quarter ended 30 September 2026), WPIL reported revenue of ₹354 crore, down 16.9% from ₹426 crore a year earlier, and a profit of ₹34.0 crore, down 34.6% from ₹52.0 crore.

WPIL results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

WPIL's management discussed these results on a call held on 31 October 2026; what it said is further down this page.

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

WPIL closed at ₹380.65 on 4 November 2026, down 13.2% from ₹438.30 a year earlier (7 November 2025) and up 295.4% over five years. Its highest weekly close since March 2016 was ₹737.35 on 27 December 2024.

WPIL 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.

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

4 Nov 2026: WPIL closed at ₹380.65, down 7.1% on the week and down 12.2% on the month. 31 Oct 2026: WPIL held its results call for July to September 2026. Management guided: Full-year operating margin inside 15-20% band centered on 17-18% goal.

Earlier

• Results for July to September 2026: Revenue down 16.9% and profit down 34.6% on a year earlier.
• 31 Jul 2026: ex-date for a dividend of ₹2 a share.
• Our read, 19 Jul 2026: FY26 profit and operating profit improved, but three consecutive years of negative operating cash flow mean the earnings recovery has not converted into distributable cash. The South African order book can diversify execution and has stated advance-payment terms, while domestic product demand adds a second driver.

Our read of the business

FY26 profit and operating profit improved, but three consecutive years of negative operating cash flow mean the earnings recovery has not converted into distributable cash. The South African order book can diversify execution and has stated advance-payment terms, while domestic product demand adds a second driver.

Latest quarter: Annual earnings remained positive while the domestic project shortfall and receivable burden persisted.

Our read after the latest results, written 19 July 2026.

WPIL paid ₹2 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.53% at the ₹380.65 close on 4 November 2026. The last was a dividend of ₹2 a share, ex-date 31 July 2026.

WPIL dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Yes. WPIL Ltd paid out 12% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years.

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

On the call for July to September 2026, held on 31 October 2026, WPIL's management guided: Full-year operating margin inside 15-20% band centered on 17-18% goal.

“No, I think if you see our gross margins, they have actually improved. Revenue is the challenge. There has been a slight dip in revenue, but it is not the gross margin. The gross margins are strong.”Prakash Agarwal, on the call for July to September 2026

What management guided

• Strong second-half revenue rebound on domestic commissioning plus African ramp with O&M pickup and clearer visibility by year-end.
• Domestic product dispatches to catch up in second half and exceed prior-year level.
• PCI Africa execution to gain traction toward year-end into seasonally strong January-March quarter.
• Large Kuwait water supply product order expected to strengthen international water position.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 31 October 2026.

Management's source summary states that total company order book was ₹6,000 crore at March end, comprising ₹5,000 crore of projects and ₹1,000 crore of products, with multi-year execution visibility.

• Management's source summary says South African projects expanded the project order book and carried stated premium margins with a seven-day payment cycle and advances. ✓ fact

Our read after the latest results, written 19 July 2026.

The thesis improves if operating cash flow turns positive, working-capital days fall and South African revenue begins to convert without a further rise in borrowings. It fails if receivables remain elevated, management again shifts the JJM collection date, or project growth requires more debt-funded working capital.

Each change stops working if

• : Order conversion is delayed, project margins do not reach reported results, or customer receipts do not follow the stated commercial terms.
• : Product backlog slows or reported product economics deteriorate enough to offset project diversification.
• : Operating cash flow stays negative or working-capital days do not improve after the stated collection window.

The main risks

• : Profit has not converted into cash for three consecutive annual periods. ⚠ estimate
• : JJM collection timing has repeatedly moved. ⚠ estimate
• : Margin is exposed to project mix and timing. ✓ fact

Our read after the latest results, written 19 July 2026.

When WPIL reports October to December 2026, these are the 3 checks that show whether the story is still on course. First: West Bengal fund arrival from flagged week translating into domestic project execution ramp through peak season.

WPIL is not on any of our India lists this week.

WPIL Ltd earned ₹34.0 Cr of net profit in the Sep 2026 quarter, −34.6% on the same quarter a year earlier. Full-year FY26 profit was ₹200 Cr. That is 9.6% of the quarter's revenue. The same quarter a year earlier earned ₹52.0 Cr. 1 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.

For the full year, FY26 profit was ₹200 Cr (+57.5% on the year before).

Why profit moved: revenue changed −16.9% on a year earlier and the margin moved −6.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed +65.9% and revenue +11.4%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

FY27-Q1. revenue ₹501 Cr and profit ₹59 Cr as reported.

FY27-Q2. revenue ₹354 Cr and profit ₹34 Cr as reported.

Why-sources: our stock research file (19 July 2026) and the company’s own results for those quarters.

WPIL Ltd reported ₹354 Cr of revenue in the Sep 2026 quarter, −16.9% on the same quarter a year earlier. Over 10 years it has grown 9.8% a year on average. The last full year, FY26, came in at ₹1,855 Cr. The last four reported quarters add to ₹1,905 Cr.

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

FY26 revenue was ₹1,855 Cr, +2.7% on the year before.

Recent pace: the last four quarters grew +11.4% on average, against 9.8% 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 +8.3%, against +0.8% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +137.4%, against −45.0% a year (accelerating).

FY27-Q1. revenue ₹501 Cr and profit ₹59 Cr as reported.

FY27-Q2. revenue ₹354 Cr and profit ₹34 Cr as reported.

Why-sources: our stock research file (19 July 2026) and the company’s own results for those quarters.

WPIL Ltd's operating margin was 13.0% in the Sep 2026 quarter, 6.0 percentage points lower than the same quarter a year ago. Across 13 years it has been between 7.0% and 20.0%. 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 −5.5 percentage points on the year while gross margin changed −2.2 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

FY27-Q1. revenue ₹501 Cr and profit ₹59 Cr as reported.

FY27-Q2. revenue ₹354 Cr and profit ₹34 Cr as reported.

Why-sources: our stock research file (19 July 2026) and the company’s own results for those quarters.

Over the last 3 years WPIL Ltd's operations used more cash than they brought in, so cash conversion was −33%, a gap worth watching. In FY26 its operations used ₹93.0 Cr of cash, against ₹200 Cr of profit. After ₹185 Cr of spending on assets, free cash was −₹278 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.

Why this happened. The receivable explanation is concrete, so timely collections could reduce financing pressure and make reported earnings more credible. A further delay would have the reverse effect.

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

Why −33% of profit came in as cash: the cash cycle got 126 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: less of the profit turns into cash than it should, and the cash cycle is 126 days longer. The next section looks at where the cash is stuck.

WPIL Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 246 days in FY26, up from 120 days in FY21. It spent ₹284 Cr on assets over the last 3 years. Customers take 196 days to pay, and stock sits for 285 days on average.

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.

At FY26 sales of ₹1,855 Cr, each day of that cycle ties up about ₹5.1 Cr, so roughly ₹1,250 Cr is tied up in the business at any time.

FY26: customers took 196 days to pay and stock sat for 285 days, about 9.4 months of sales sitting as stock, for a full cycle of 246 days, longer than FY21's 120.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 285 days. Customers pay about 196 days after that. Suppliers are paid at 236 days. Together that makes the 246-day cycle.

Spending on assets: ₹284 Cr over the last 3 years, against ₹104 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹2.0 Cr (FY26): assets paid for that are not earning yet.

In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit.

WPIL Ltd's P/E is 24.7×, in the middle of its own history: higher than 68% of past readings. Its usual P/E (the middle reading) is 19.5×, over 11 years 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.