Ashish Kacholia’s stock, engaged in heavy engineering and project execution, rose by 5 percent after securing a new order from Fluorine Korea Co. Ltd. for the supply of an HF Reactor for the FK Fischer Project. This significant order highlights the company’s expanding presence and capabilities in the heavy engineering and energy sectors.
Price Movement
In Thursday’s trading session, Walchandnagar Industries Ltd’s share price reached an intra-day high of Rs.271.85 per share, rising 4.7 percent from the previous close of Rs.259.65 apiece. Over the past five years, the shares have delivered over 350 percent returns.
What Happened
Walchandnagar Industries Ltd has secured a significant purchase order from Fluorine Korea Co. Ltd. for the manufacture and supply of an HF Reactor for the FK Fischer Project. This agreement, executed on December 24, 2024, involves a total order value of approximately USD 52,75,000, which is around Rs.44.94 crore.
The order is part of the company’s continued efforts to expand its presence in the heavy engineering sector, particularly in the field of nuclear energy and reactor manufacturing.
Under the terms of the agreement, Walchandnagar Industries Ltd is responsible for producing and delivering the HF Reactor. The supply is scheduled to be completed by October 2025, highlighting a timeline for execution that spans approximately 10 months.
Product Portfolio
Walchandnagar Industries offers a comprehensive range of products, including pressure and temperature gauges, pressure transmitters, diaphragm seals, boilers and heat exchangers, and gearboxes and castings.
These products are widely used across various industries, such as aerospace and defense, metals and mining, oil and gas, nuclear power generation, and cement manufacturing, demonstrating the company’s versatile expertise in catering to diverse industrial needs.
Order Book
The company has a robust order book exceeding Rs.10 billion, with approximately 30 percent of this attributed to the nuclear sector. WIL is currently expanding its capabilities to cater to the growing nuclear market, supported by India’s ambitious plan to increase nuclear capacity from 7,480 MWe to 22,480 MWe by 2031-32.
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Financial Overview
Turning towards the financials of the company, Walchandnagar Industries Ltd reported Q2 FY25 revenue of Rs.68 crore, falling 23 percent from Rs.88 crore in the same quarter last year. Moreover, net loss also increased to Rs.11 crore from Rs.8 crore in the same period.
Shareholding Pattern
As per the September 2024 shareholding pattern, the promoters of Walchandnagar Industries Ltd hold a 31.55 percent stake, while Foreign Institutional Investors hold a 0.31 percent stake. Domestic Institutional Investors and Retail investors hold a stake of 0.28 percent and 67.84 percent, respectively in the company. Notable ace investor, Ashish Kacholia owns a 3.17 percent stake in the company.
Company Profile
Walchandnagar Industries Ltd (WIL) is a leading heavy engineering company based in Mumbai, India. The company specializes in designing, developing, manufacturing, and supplying a wide range of heavy machinery and equipment, catering to diverse sectors such as aerospace, defense, nuclear power, oil and gas, and cement production.
Written by – Siddesh S Raskar
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