WPIL Limited (WPIL.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-28.6%

₹269.90

vs ₹378.25 price

Levered DCF

-₹96.59

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	26.33×	31.63×	8.77×	22.01×	42.76×	49.46×	74.02×	33.13×
P/B	2.62×	3.03×	3.34×	5.14×	6.56×	7.68×	9.18×	10.23×
P/S	2.25×	2.31×	2.52×	2.61×	3.59×	4.25×	4.62×	3.65×
EV / EBITDA	13.62×	13.67×	12.46×	14.83×	20.85×	27.49×	35.4×	16.88×
Gross margin	30.9%	24.4%	41.7%	37.8%	51.1%	55.9%	55.6%	53.8%
Operating margin	15.2%	14.6%	16.7%	15.5%	15.2%	12.3%	10.3%	18.8%
Net margin	8.5%	7.3%	28.7%	11.8%	8.4%	8.6%	6.2%	11.0%
Current ratio	2.06×	1.68×	1.91×	1.39×	1.35×	1.36×	1.22×	1.28×
Debt / equity	0.32×	0.34×	0.18×	0.32×	0.5×	0.57×	0.9×	0.34×
Interest coverage	5.9×	6.77×	8.95×	10.41×	8.88×	5.34×	4.41×	16.37×
Dividend yield	0.5%	0.5%	0.9%	0.2%	0.2%	0.2%	0.2%	0.1%
Payout ratio	12.4%	14.8%	8.2%	5.2%	10.0%	8.7%	15.7%	3.7%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	9.9%	9.6%	38.1%	23.4%	15.3%	15.5%	12.4%	30.9%
Return on invested capital	7.7%	5.7%	10.9%	15.0%	12.1%	9.2%	7.0%	35.2%
Return on assets	4.8%	4.5%	18.1%	8.7%	5.4%	5.5%	4.0%	12.0%
Free cash flow yield	-4.1%	-4.9%	-3.2%	3.5%	2.1%	5.0%	-1.6%	3.0%
Earnings yield	3.8%	3.2%	11.4%	4.5%	2.3%	2.0%	1.3%	3.0%
Enterprise value	₹43.9B	₹45.1B	₹39.5B	₹43.2B	₹43.6B	₹43.8B	₹45.3B	₹42.2B
Net debt / EBITDA	0.72×	1.05×	-0.68×	0.55×	0.93×	1.38×	2.85×	0.22×
Cash conversion cycle (days)	270	205	158	163	156	188	207	102