
About Walchandnagar Industries Limited
Data last updated:
Walchandnagar Industries Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the heavy engineering and manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 25 November 1908 and has been in existence for over 118 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L74999MH1908PLC000291. Its GSTIN is 27AAACW0541M1Z9 (Maharashtra). The company holds 13 GST registrations, of which 4 are active. Its shares are listed on BSE: 507410 and NSE: WALCHANNAG.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹13.57 Cr. It was formerly known as Tiwac Industries Ltd. It is led by directors including Chirag Chakor Doshi (Managing Director) and Giriraj Sharan Agrawal (Whole-Time Director).
Its last annual general meeting (AGM) was held on 14 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 3 Walchand Terracesopp Air Conditioned Market Tardeo, Mumbai, Maharashtra, India – 400034.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹275.19 Cr, a growth of 6.18% compared to the previous year. The net worth stands at ₹358.79 Cr (down 3.79% YoY). Total assets are valued at ₹625.85 Cr (down 0.28% YoY).
The company has about 1,051 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Walchandnagar Industries. As per MCA filings, the company has open charges of ₹1,009 Cr and satisfied charges of ₹2,354.48 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website walchand.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address3 Walchand Terracesopp Air Conditioned Market Tardeo, Mumbai, Maharashtra, India – 400034
- IndustryMachinery and Equipment, Heavy Engineering & Manufacturing
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of Walchandnagar Industries
Walchandnagar Industries has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L74999MH1908PLC000291, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L74999MH1908PLC000291 | Current |
| U74999MH1908PTC000291 | Previous |
| L74999PN1908PLC255621 | Previous |
Associated Brands with Walchandnagar Industries
Walchandnagar Industries operates one associated brand: Walchandnagar Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Machinery for sugar, boiler, cement, and mining industries is manufactured. | walchand.com |
Business Activity of Walchandnagar Industries
The main business activity of Walchandnagar Industries is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | Locked |
Business activity turnover details for Walchandnagar Industries Limited
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Walchandnagar Industries
Walchandnagar Industries Limited is audited by Jayesh Sanghrajka & Co LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Jayesh Sanghrajka & Co LLP | Locked | Locked | Locked |
Complete auditor history for Walchandnagar Industries Limited
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors and KMP of Walchandnagar Industries Limited
Walchandnagar Industries Limited currently reports 6 directors and 1 key managerial person. 15 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chirag Chakor Doshi Also directs: Walchand Ventures LLP, Bombay Cycle and Motor Agency Limited, Walchand Advanced Composites Private Limited and 3 more | Managing Director | 25 Nov 2007 | 18 Years 10 Months | Current |
| Rupal Anand Vora Also directs: Sanathan Textiles Limited, Aarti Pharmalabs Limited, Geecee Ventures Limited and 5 more | Director | 07 Aug 2019 | 7 Years 1 Months | Current |
| Chakor Lalchand Doshi | Director | 15 May 1979 | 47 Years 4 Months | Current |
| Jayesh Chaturdas Dadia | Director | 30 May 2022 | 4 Years 4 Months | Current |
| Giriraj Sharan Agrawal Also directs: Trust Finlease Private Limited | Whole-Time Director | 02 Aug 2022 | 4 Years 2 Months | Current |
| Nishant Premkuar Saigal | Cfo | 30 Apr 2025 | 1 Years 5 Months | Current |
Financials of Walchandnagar Industries Limited FY 2025-26 filings available
Walchandnagar Industries Limited reported revenue of ₹275.19 Cr (up 6.18% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 275 | 259 | 302 | 322 | 299 | 326 | 298 |
| Revenue growth | -21.1% | +9.7% | -15.5% | +28.9% | -9.5% | +11.9% | -3.4% |
| EBITDA | 14.60 | (71.09) | 1.34 | (34.13) | 22.87 | 20.18 | 25.08 |
| EBITDA margin | +5.3% | -27.4% | +0.4% | -10.6% | +7.6% | +6.2% | +8.4% |
| Profit before tax | (14.66) | (86.03) | (41.83) | 19.58 | (38.07) | (57.24) | (65.46) |
| Net profit | (16.13) | (92.73) | (47.84) | (87.60) | (60.41) | (58.37) | (55.91) |
| Net profit margin | -5.9% | -35.8% | -15.8% | -27.2% | -20.2% | -17.9% | -18.8% |
| EPS (₹) | (2.16) | (12.75) | (7.55) | 4.26 | (10.01) | (15.04) | (17.20) |
| Balance sheet | |||||||
| Total assets | 626 | 628 | 679 | 634 | 760 | 778 | 788 |
| Net worth | 359 | 373 | 361 | 261 | 177 | 212 | 269 |
| Total debt | 219 | 194 | 241 | 293 | 448 | 411 | 405 |
| Cash & bank | 75.10 | 109 | 111 | 53.87 | 45.93 | 48.12 | 43.07 |
| Net working capital | 221 | 226 | 352 | 294 | 352 | 341 | 328 |
| Cash flow | |||||||
| Cash from operations | (11.08) | 15.62 | 10.76 | 76.13 | 28.35 | 71.17 | 58.55 |
| Cash from investing | (14.03) | (15.47) | 3.93 | 8.08 | 25.53 | (7.84) | 39.03 |
| Cash from financing | (9.75) | (0.93) | 39.27 | (85.37) | (53.86) | (63.62) | (121) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 90.83 | 93.02 | 80.95 | 51.78 | 49.43 | 53.08 | 59.07 | 67.86 |
| Revenue growth (YoY) | +83.8% | +75.2% | +37.0% | -23.7% | -37.6% | -41.9% | +5.8% | -22.8% |
| Other income | 6.97 | 10.87 | 3.06 | 3.64 | 4.53 | 2.92 | 3.32 | 9.70 |
| Total expenses | 83.49 | 88.87 | 67.01 | 54.81 | 51.80 | 100 | 64.75 | 73.96 |
| EBITDA | 7.34 | 4.15 | 13.94 | (3.03) | (2.37) | (47.10) | (5.68) | (6.10) |
| EBITDA margin | +8.1% | +4.5% | +17.2% | -5.9% | -4.8% | -88.7% | -9.6% | -9.0% |
| Depreciation | 3.12 | 2.77 | 2.80 | 2.76 | 2.69 | 2.69 | 2.68 | 2.66 |
| Interest | 10.01 | 9.31 | 9.54 | 9.75 | 9.86 | 9.25 | 12.09 | 11.97 |
| Profit before tax | 1.18 | 2.94 | 4.66 | (11.90) | (10.39) | (56.12) | (17.13) | (11.03) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 90.83 | 93.02 | 80.95 | 51.78 | 49.43 | 53.08 | 59.07 | 67.86 |
| Revenue growth (YoY) | +83.8% | +75.2% | +37.0% | -23.7% | -37.6% | -41.9% | +5.8% | -22.8% |
| Other income | 6.97 | 10.87 | 3.06 | 3.64 | 4.53 | 2.92 | 3.32 | 9.70 |
| Total expenses | 83.49 | 88.87 | 67.01 | 54.81 | 51.80 | 100 | 64.75 | 73.96 |
| EBITDA | 7.34 | 4.15 | 13.94 | (3.03) | (2.37) | (47.10) | (5.68) | (6.10) |
| EBITDA margin | +8.1% | +4.5% | +17.2% | -5.9% | -4.8% | -88.7% | -9.6% | -9.0% |
| Depreciation | 3.12 | 2.77 | 2.80 | 2.76 | 2.69 | 2.69 | 2.68 | 2.66 |
| Interest | 10.01 | 9.31 | 9.54 | 9.75 | 9.86 | 9.25 | 12.09 | 11.97 |
| Profit before tax | 1.18 | 2.94 | 4.66 | (11.90) | (10.39) | (56.12) | (17.13) | (11.03) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 275 | 259 | 302 | 322 | 299 | 326 | 298 |
| Revenue growth | -21.1% | +9.7% | -15.5% | +28.9% | -9.5% | +11.9% | -3.4% |
| Other income | 21.76 | 39.78 | 21.20 | 128 | 32.69 | 25.03 | 20.17 |
| Total expenses | 261 | 330 | 301 | 356 | 276 | 305 | 273 |
| Employee cost | 83.92 | 84.79 | 76.19 | 76.90 | 79.15 | 81.39 | 83.66 |
| EBITDA | 14.60 | (71.09) | 1.34 | (34.13) | 22.87 | 20.18 | 25.08 |
| EBITDA margin | +5.3% | -27.4% | +0.4% | -10.6% | +7.6% | +6.2% | +8.4% |
| Depreciation | 11.03 | 10.64 | 14.80 | 18.68 | 22.24 | 22.97 | 23.00 |
| Interest | 39.99 | 44.08 | 49.57 | 55.26 | 71.39 | 79.48 | 87.71 |
| Profit before tax | (14.66) | (86.03) | (41.83) | 19.58 | (38.07) | (57.24) | (65.46) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net profit | (16.13) | (92.73) | (47.84) | (87.60) | (60.41) | (58.37) | (55.91) |
| Net profit margin | -5.9% | -35.8% | -15.8% | -27.2% | -20.2% | -17.9% | -18.8% |
| EPS (₹) | (2.16) | (12.75) | (7.55) | 4.26 | (10.01) | (15.04) | (17.20) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 13.57 | 13.49 | 11.08 | 9.19 | 7.61 | 7.61 | 7.61 |
| Reserves & surplus | 339 | 352 | 297 | 235 | 169 | 204 | 261 |
| Shareholders' funds (net worth) | 359 | 373 | 361 | 261 | 177 | 212 | 269 |
| Secured loans | 210 | 184 | 231 | 265 | 377 | 406 | 394 |
| Unsecured loans | 9.31 | 9.03 | 9.63 | 28.21 | 71.27 | 5.00 | 10.58 |
| Total debt | 219 | 194 | 241 | 293 | 448 | 411 | 405 |
| Total liabilities | 626 | 628 | 679 | 634 | 760 | 778 | 788 |
| Assets | |||||||
| Gross block | 456 | 448 | 466 | 464 | 472 | 471 | 462 |
| Net block | 264 | 245 | 272 | 285 | 312 | 333 | 346 |
| Capital work in progress | 17.11 | 8.11 | 0.86 | 1.56 | 4.35 | 3.79 | 8.55 |
| Investments | 0.20 | 0.19 | 0.17 | 0.08 | 0.07 | 0.05 | 0.08 |
| Inventories | 138 | 124 | 139 | 132 | 154 | 153 | 235 |
| Sundry debtors | 86.21 | 69.95 | 153 | 185 | 220 | 209 | 199 |
| Cash & bank balances | 75.10 | 109 | 111 | 53.87 | 45.93 | 48.12 | 43.07 |
| Loans & advances | 178 | 168 | 145 | 118 | 105 | 110 | 109 |
| Total current assets | 477 | 470 | 548 | 489 | 526 | 521 | 585 |
| Total current liabilities | 256 | 244 | 196 | 195 | 174 | 180 | 258 |
| Net working capital | 221 | 226 | 352 | 294 | 352 | 341 | 328 |
| Total assets | 626 | 628 | 679 | 634 | 760 | 778 | 788 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 54.96 | 55.74 | 1.78 | 2.94 | 2.92 | 3.21 | 26.77 |
| Net cash from operating activities | (11.08) | 15.62 | 10.76 | 76.13 | 28.35 | 71.17 | 58.55 |
| Net cash from investing activities | (14.03) | (15.47) | 3.93 | 8.08 | 25.53 | (7.84) | 39.03 |
| Net cash from financing activities | (9.75) | (0.93) | 39.27 | (85.37) | (53.86) | (63.62) | (121) |
| Net change in cash | (34.86) | (0.78) | 53.96 | (1.16) | 0.02 | (0.29) | (23.56) |
| Closing cash | 75.10 | 109 | 111 | 53.87 | 45.93 | 48.12 | 43.07 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +6.2% | -14.3% | -6.1% | +7.7% | -8.1% | +9.3% | -18.1% |
| EBITDA growth | +9998.0% | - | +9998.0% | - | +13.3% | -19.5% | -69.3% |
| PBT growth | +83.0% | -105.7% | - | +9998.0% | +33.5% | +12.6% | -2958.9% |
| Net income growth | +82.6% | -93.8% | +45.4% | -45.0% | -3.5% | -4.4% | -2418.5% |
| Revenue CAGR (3Y) | -5.1% | -4.7% | -2.4% | +2.6% | -6.3% | -6.5% | -9.2% |
| EBITDA CAGR (3Y) | - | - | -59.5% | - | -34.6% | -35.6% | -19.5% |
| Profitability & leverage | |||||||
| Net income margin | -5.3% | -33.2% | -13.8% | +6.1% | -12.7% | -17.6% | -22.0% |
| Return on capital employed | 0.0% | 0.0% | +0.3% | -5.9% | +1.4% | +2.8% | +3.9% |
| Return on net worth | 0.0% | 0.0% | -15.4% | -44.0% | -31.1% | -23.8% | -18.5% |
| Debt / equity | 0.56 | 0.59 | 0.86 | 1.69 | 2.21 | 1.70 | 1.42 |
| Long-term debt / equity | 0.12 | 0.07 | 0.08 | 0.50 | 0.71 | 0.55 | 0.60 |
| Interest cover | 1,120.17 | -53.93 | -368.28 | -104.64 | 11,331.75 | -2,848.75 | 4,216.83 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.61 | 0.57 | 0.65 | 0.69 | 0.63 | 0.70 | 0.65 |
| Inventory turnover | 2.11 | 1.97 | 2.24 | 2.25 | 1.94 | 1.68 | 1.39 |
| Debtors turnover | 3.52 | 2.32 | 1.79 | 1.59 | 1.39 | 1.60 | 1.39 |
| EPS (₹) | (2.16) | (12.75) | (7.55) | 4.26 | (10.01) | (15.04) | (17.20) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 52.00 | 54.21 | 55.68 | 53.07 | 46.52 | 55.64 | 70.72 |
Shareholding Pattern of Walchandnagar Industries Limited
Shareholding for the quarter ended Sep 2026: promoters hold 31.60%, foreign institutional investors hold 2.40%, domestic institutional investors hold 0.50% and retail and other public shareholders hold 65.50%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 31.60% | 31.60% | 31.60% | 31.60% |
| Public | 68.40% | 68.40% | 68.40% | 68.40% |
Charges & Borrowings of Walchandnagar Industries
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Aug 2024 | Others | ₹74 Cr | Open |
| 25 Oct 2011 | Sbicap Trustee Company Limited | ₹920 Cr | Open |
| 20 Jan 2006 | State Bank of India | ₹15 Cr | Open |
| 03 Nov 2020 | Sbicap Trustee Company Limited | ₹13.5 Cr | Satisfied |
| 03 Nov 2020 | Sbicap Trustee Company Limited | ₹8.5 Cr | Satisfied |
Total charge records: 25 View all charges
Employees and EPFO Compliance at Walchandnagar Industries
Walchandnagar Industries Limited has a workforce of 1,051 employees as of Apr 04, 2024.
Employee and EPFO history for Walchandnagar Industries Limited
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Walchandnagar Industries
Walchandnagar Industries has 13 GST registrations: 4 active and 9 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACW0541M1Z9 | Maharashtra | Active | 01 Jul 2017 |
| 29AAACW0541M1Z5 | Karnataka | Active | 01 Jul 2017 |
| 33AAACW0541M1ZG | Tamil Nadu | Active | 01 Jul 2017 |
| 37AAACW0541M1Z8 | Andhra Pradesh | Active | 01 Jul 2017 |
GST registrations and filing compliance for Walchandnagar Industries Limited
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
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Credit Ratings, Litigation & Regulatory Alerts for Walchandnagar Industries
Credit ratings, litigation, and regulatory alerts for Walchandnagar Industries Limited
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
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- Director-linked violations
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MSME Payment Delays by Walchandnagar Industries
MSME payment history for Walchandnagar Industries Limited
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
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Subsidiaries & Group Companies of Walchandnagar Industries
Corporate group structure for Walchandnagar Industries Limited
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
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MCA Filings & Documents of Walchandnagar Industries
MCA filings and documents for Walchandnagar Industries Limited
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
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- Complete filing index
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Recent Activity on Walchandnagar Industries
Recent News on Walchandnagar Industries
Frequently Asked Questions about Walchandnagar Industries Limited
Walchandnagar Industries is an active public limited company based in Mumbai, Maharashtra, India. The company works in heavy engineering and manufacturing, within the machinery and equipment industry. It was incorporated on 25 November 1908 (118+ years old) and is registered under CIN L74999MH1908PLC000291. Listed on BSE: 507410 and NSE: WALCHANNAG.
Walchandnagar Industries reported revenue of ₹275.19 Cr for FY 2025-26 (up 6.18% YoY) based on standalone financials.
Walchandnagar Industries has 7 current directors and KMP:
- Chirag Chakor Doshi - Managing Director
- Giriraj Sharan Agrawal - Whole-Time Director
- Rupal Anand Vora - Director
- Chakor Lalchand Doshi - Director
- Jayesh Chaturdas Dadia - Director
- Prabhat Kumar - Director
- Nishant Premkuar Saigal - Cfo
The GSTIN of Walchandnagar Industries is 27AAACW0541M1Z9, registered in Maharashtra. The company has 13 GST registrations in all, of which 4 are active and 9 are cancelled or inactive. Other active GSTINs include 29AAACW0541M1Z5 (Karnataka), 33AAACW0541M1ZG (Tamil Nadu), 37AAACW0541M1Z8 (Andhra Pradesh).
The CIN (Corporate Identification Number) of Walchandnagar Industries is L74999MH1908PLC000291. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Walchandnagar Industries is listed on both BSE (code: 507410) and NSE (symbol: WALCHANNAG).
Walchandnagar Industries was incorporated on 25 November 1908, making it 118+ years old. It is registered with the Registrar of Companies, Mumbai.
Walchandnagar Industries can be reached through the website walchand.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Walchandnagar Industries is at 3 Walchand Terracesopp Air Conditioned Market Tardeo, Mumbai, Maharashtra, India – 400034.