Walchandnagar Industries Limited - machinery and equipment in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN L74999MH1908PLC000291 Incorporated 25 November 1908 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - NSE: WALCHANNAG · BSE: 507410 Public Limited Company machinery and equipment
Data last updated
Market Cap
₹1,354 Cr
WALCHANNAG · NSE
Share Price
₹187.47
-6.02% today
Revenue
₹275 Cr
FY 2025-26 · +6.2% YoY
EBITDA
₹14.60 Cr
Margin 5.3%
Net Profit
−₹16.13 Cr
FY 2025-26 · +82.6% YoY
Debt / Equity
0.56
Interest cover 1,120.2x
Authorised capital
₹25 Cr
Registered with MCA
Paid-up capital
₹13.57 Cr
Issued & subscribed

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. It is a listed company as per MCA records. 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 2026. 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 6.2% compared to the previous year. For the same year it recorded a net loss of ₹16.13 Cr (net margin -5.9%) and EBITDA of ₹14.6 Cr (EBITDA margin 5.3%). The net worth stands at ₹358.79 Cr (down 3.8% YoY). Total assets are valued at ₹625.85 Cr (down 0.3% 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. Court records list 691 cases involving the company, including 374 filed by the company and 317 filed against it; 164 cases are pending. The company has 129 deals on record (123 market trades, 5 funding rounds, 1 secondary share transfer), with disclosed funding of ₹345.17 Cr; the latest was in June 2026. Its 6 peer companies in the Machinery and Equipment industry (Heavy Engineering), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 4 larger and 2 smaller; the largest is G. R. Engineering Private Limited with revenue of ₹508.97 Cr. The company has 12 MSME Form 1 returns on record between 2019 and 2024, listing 610 overdue payments to 68 micro and small suppliers.

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.

Company details

CIN L74999MH1908PLC000291
Registration Number 000291
Incorporation Date 25 November 1908
ROC Mumbai
Listing Status Listed - Listed on NSE (WALCHANNAG); Listed on BSE (507410)
Company Status Active
Date of Last AGM 14 August 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant

CIN history

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.

CINStatus
L74999MH1908PLC000291Current
U74999MH1908PTC000291Previous
L74999PN1908PLC255621Previous

Contact details

Walchandnagar Industries Limited's registered office is in Mumbai, Maharashtra. Its website is walchand.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Social Media
  • Registered Address
    3 Walchand Terracesopp Air Conditioned Market Tardeo, Mumbai, Maharashtra, India – 400034
  • Industry
    Machinery and Equipment, Heavy Engineering & Manufacturing

To see the full contact details of Walchandnagar Industries Limited, buy the company report.

Comprehensive company report
Walchandnagar Industries Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Brands

Walchandnagar Industries operates one associated brand: Walchandnagar Industries. Each brand links to its own profile.

BrandDescriptionWebsite
Machinery for sugar, boiler, cement, and mining industries is manufactured.walchand.com

Business activity

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 codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC10Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment

To see the full business activity and turnover split of Walchandnagar Industries Limited, buy the company report.

Financials of Walchandnagar Industries Limited

FY 2025-26 filings available

Walchandnagar Industries Limited reported revenue of ₹275.19 Cr (up 6.2% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹275 Cr
+6.2% YoY
EBITDA
₹14.60 Cr
+120.5% YoY
Profit After Tax
−₹16.13 Cr
+82.6% YoY
Net Worth
₹359 Cr
-3.8% YoY
Total Assets
₹626 Cr
-0.3% YoY
Total Debt
₹219 Cr
+13.1% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue275259302322299326298
Revenue growth+6.2%-14.3%-6.1%+7.7%-8.1%+9.3%-
EBITDA14.60(71.09)1.34(34.13)22.8720.1825.08
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 assets626628679634760778788
Net worth359373361261177212269
Total debt219194241293448411405
Cash & bank75.1010911153.8745.9348.1243.07
Net working capital221226352294352341328
Cash flow
Cash from operations(11.08)15.6210.7676.1328.3571.1758.55
Cash from investing(14.03)(15.47)3.938.0825.53(7.84)39.03
Cash from financing(9.75)(0.93)39.27(85.37)(53.86)(63.62)(121)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue90.8393.0280.9551.7849.4353.0859.0767.86
Revenue growth (YoY)+83.8%+75.2%+37.0%-23.7%-37.6%---
Other income6.9710.873.063.644.532.923.329.70
Total expenses83.4988.8767.0154.8151.8010064.7573.96
EBITDA7.344.1513.94(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%
Depreciation3.122.772.802.762.692.692.682.66
Interest10.019.319.549.759.869.2512.0911.97
Profit before tax1.182.944.66(11.90)(10.39)(56.12)(17.13)(11.03)
Tax0.000.000.000.000.000.000.000.00

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 23 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue90.8393.0280.9551.7849.4353.0859.0767.86
Revenue growth (YoY)+83.8%+75.2%+37.0%-23.7%-37.6%---
Other income6.9710.873.063.644.532.923.329.70
Total expenses83.4988.8767.0154.8151.8010064.7573.96
EBITDA7.344.1513.94(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%
Depreciation3.122.772.802.762.692.692.682.66
Interest10.019.319.549.759.869.2512.0911.97
Profit before tax1.182.944.66(11.90)(10.39)(56.12)(17.13)(11.03)
Tax0.000.000.000.000.000.000.000.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue275259302322299326298
Revenue growth+6.2%-14.3%-6.1%+7.7%-8.1%+9.3%-
Other income21.7639.7821.2012832.6925.0320.17
Total expenses261330301356276305273
Employee cost83.9284.7976.1976.9079.1581.3983.66
EBITDA14.60(71.09)1.34(34.13)22.8720.1825.08
EBITDA margin+5.3%-27.4%+0.4%-10.6%+7.6%+6.2%+8.4%
Depreciation11.0310.6414.8018.6822.2422.9723.00
Interest39.9944.0849.5755.2671.3979.4887.71
Profit before tax(14.66)(86.03)(41.83)19.58(38.07)(57.24)(65.46)
Tax0.000.000.000.000.000.000.00
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)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital13.5713.4911.089.197.617.617.61
Reserves & surplus339352297235169204261
Shareholders' funds (net worth)359373361261177212269
Secured loans210184231265377406394
Unsecured loans9.319.039.6328.2171.275.0010.58
Total debt219194241293448411405
Total liabilities626628679634760778788
Assets
Gross block456448466464472471462
Net block264245272285312333346
Capital work in progress17.118.110.861.564.353.798.55
Investments0.200.190.170.080.070.050.08
Inventories138124139132154153235
Sundry debtors86.2169.95153185220209199
Cash & bank balances75.1010911153.8745.9348.1243.07
Loans & advances178168145118105110109
Total current assets477470548489526521585
Total current liabilities256244196195174180258
Net working capital221226352294352341328
Total assets626628679634760778788
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash54.9655.741.782.942.923.2126.77
Net cash from operating activities(11.08)15.6210.7676.1328.3571.1758.55
Net cash from investing activities(14.03)(15.47)3.938.0825.53(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 cash75.1010911153.8745.9348.1243.07
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+6.2%-14.3%-6.1%+7.7%-8.1%+9.3%-
EBITDA growth+120.5%-5405.2%+103.9%-249.2%+13.3%-19.5%-
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%-
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 employed0.0%0.0%+0.3%-5.9%+1.4%+2.8%+3.9%
Return on net worth0.0%0.0%-15.4%-44.0%-31.1%-23.8%-18.5%
Debt / equity0.560.590.861.692.211.701.42
Long-term debt / equity0.120.070.080.500.710.550.60
Interest cover1,120.17-53.93-368.28-104.6411,331.75-2,848.754,216.83
Efficiency & per share
Fixed asset turnover0.610.570.650.690.630.700.65
Inventory turnover2.111.972.242.251.941.681.39
Debtors turnover3.522.321.791.591.391.601.39
EPS (₹)(2.16)(12.75)(7.55)4.26(10.01)(15.04)(17.20)
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)52.0054.2155.6853.0746.5255.6470.72

To see the full year-wise statements and ratios of Walchandnagar Industries Limited, buy the company report.

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.

Current Directors and KMP
NameDesignationAppointment DateTenureStatus
Chirag Chakor DoshiManaging Director25 Nov 200718 Years 10 MonthsCurrent
Rupal Anand VoraDirector07 Aug 20197 Years 2 MonthsCurrent
Chakor Lalchand DoshiDirector15 May 197947 Years 5 MonthsCurrent
Jayesh Chaturdas DadiaDirector30 May 20224 Years 4 MonthsCurrent
Giriraj Sharan AgrawalWhole-Time Director02 Aug 20224 Years 2 MonthsCurrent
Nishant Premkuar SaigalCfo30 Apr 20251 Years 5 MonthsCurrent
Showing 6 of 7 current directors and KMP. View all directors and KMP

Peer comparison

Walchandnagar Industries Limited is compared with the 6 companies closest to it by revenue in the Machinery and Equipment industry (Heavy Engineering), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
G. R. Engineering Private Limited₹508.97 Cr (FY 2025)9.0%Mumbai, Maharashtra, India
Kilburn Engineering Ltd₹427.62 Cr (FY 2025)28.0%Kolkata, West Bengal, India
Precision Equipments (Chennai) Private Limited₹344.15 Cr (FY 2025)64.0%Chennai, Tamil Nadu, India
Methods (India) Private Limited₹305.33 Cr (FY 2024)73.0%Bangalore, Karnataka, India
Walchandnagar Industries Limitedthis company₹275.19 Cr (FY 2026)-₹16.13 Cr-5.9%6.2%1,051Mumbai, Maharashtra, India
Cimmco Limited₹273.92 Cr (FY 2019)100.0%Kolkata, West Bengal, India
Sitson India Limited₹234.67 Cr (FY 2025)-12.0%Dombivli, Maharashtra, India

To see the full peer comparison of Walchandnagar Industries Limited, buy the company report.

Auditor

Walchandnagar Industries Limited is audited by Jayesh Sanghrajka & Co LLP for the financial year 2023.

Auditor firmFinancial yearFirm registration number
Jayesh Sanghrajka & Co LLPFY 2023104184W

Shareholding

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%.

Promoters: 31.60%DII (Domestic Institutional): 0.50%FII (Foreign Institutional): 2.40%Retail & Others: 65.50%
Sep 2026
QUARTER
31.60% Promoters
0.50% DII (Domestic Institutional)
2.40% FII (Foreign Institutional)
65.50% Retail & Others
Promoter holding - history
Now 31.60% · Sep 2026High 31.60% · Dec 2025Low 31.60% · Dec 2025
30%30.8%31.5%32.3%33%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 31.60%Mar 2026: 31.60%Jun 2026: 31.60%Sep 2026: 31.60%31.60%31.60%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters31.60%31.60%31.60%31.60%
Public68.40%68.40%68.40%68.40%

Charges & borrowings

Open charges
₹1,009 Cr
Satisfied charges
₹2,354.48 Cr
Breakdown by lending institutions
Sbicap Trustee Company Limited₹920.00 Cr
Others₹74.00 Cr
State Bank of India₹15.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
08 Aug 2024100976407Others₹74 CrOpen
25 Oct 201110323379Sbicap Trustee Company Limited₹920 CrOpen
20 Jan 200680005249State Bank of India₹15 CrOpen
03 Nov 2020100390782Sbicap Trustee Company Limited₹13.5 CrSatisfied
03 Nov 2020100390783Sbicap Trustee Company Limited₹8.5 CrSatisfied

To see the full charge records of Walchandnagar Industries Limited, buy the company report.

Total charge records: 25 View all charges

Deals & funding

Walchandnagar Industries Limited has 129 deals on record (123 market trades, 5 funding rounds, 1 secondary share transfer), with disclosed funding of ₹345.17 Cr; the latest was in June 2026.

Total deals
129
Market trades
123
Funding rounds
5
Secondary share transfer
1
Disclosed funding
₹345.17 Cr

Deals on record (5 of 129)

To see the full deal history of Walchandnagar Industries Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Walchandnagar Industries Limited has 12 MSME Form 1 returns on record between 2019 and 2024, listing 610 overdue payments to 68 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 68)

SupplierAmount dueDue sinceReported on
Formoplastic Controls Private Limited
an individual supplier
an individual supplier
Kothari Engineers
an individual supplier

To see the full MSME payment records of Walchandnagar Industries Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Walchandnagar Industries Limited has a workforce of 1,051 employees on its EPFO records as of Apr 04, 2024, across 6 active EPFO establishments.

Employee count
1,051
Active EPFO establishments
6
Employee growth
-3.84%

GST

Walchandnagar Industries has 13 GST registrations: 4 active and 9 cancelled or inactive.

Total GSTINs
13
Active
4
Cancelled / inactive
9
GSTINStateStatusRegistered on
27AAACW0541M1Z9MaharashtraActive01 Jul 2017
29AAACW0541M1Z5KarnatakaActive01 Jul 2017
33AAACW0541M1ZGTamil NaduActive01 Jul 2017
37AAACW0541M1Z8Andhra PradeshActive01 Jul 2017

To see the full GST registrations and return filing status of Walchandnagar Industries Limited, buy the company report.

Recent activity

Walchandnagar Industries Limited has 37 board changes on record since 1979: 22 appointments and 15 cessations. The latest: Nishant Premkuar Saigal was appointed as CFO on 30 Apr 2025.

Filing
Walchandnagar Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai.
AGM
Walchandnagar Industries Limited last Annual general meeting of members was held on 14 Aug 2025 as per latest MCA records.
Appointed
Nishant Premkuar Saigal was appointed as CFO.
Ceased
Sandeep Kumar Jain ceased to be CFO.
Ceased
Anil Purushottam Kakodkar ceased to be Director.
Charges
A charge with Others of Rs. 74.00 Cr registered on 08 Aug 2024 with Charge ID 100976407 was modified on 13 Aug 2024.
Charges
A charge with Others amounted to Rs. 74.00 Cr with Charge ID 100976407 was registered on 08 Aug 2024.
Charges
A charge registered on 04 Sep 2017 via Charge ID 100122775 with Others was fully satisfied on 07 Aug 2024.
Charges
A charge registered on 04 Sep 2017 via Charge ID 100130420 with Others was fully satisfied on 07 Aug 2024.
Charges
A charge registered on 05 Dec 2018 via Charge ID 100232992 with Bank Of India was fully satisfied on 02 Aug 2024.
Appointed
Prabhat Kumar was appointed as Director.
Charges
A charge registered on 03 Nov 2020 via Charge ID 100390782 with Sbicap Trustee Company Limited was fully satisfied on 02 Jan 2023.

89 earlier events are in the company report.

Frequently asked questions

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 6.2% YoY) based on standalone financials.

Walchandnagar Industries has 7 current directors and KMP:

The latest financial statements of Walchandnagar Industries on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 14 August 2025. Year-wise statements from 2015 are in the company report.

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 a listed company as per MCA records. Its shares are listed on both BSE (code: 507410) and NSE (symbol: WALCHANNAG).

Walchandnagar Industries has 691 court cases on record: 374 filed by the company and 317 filed against it. 164 are pending. Most are in the district courts.

Walchandnagar Industries was incorporated on 25 November 1908, making it 118+ years old. It is registered with the Registrar of Companies, Mumbai.

Walchandnagar Industries has 129 deals on record (123 market trades, 5 funding rounds, 1 secondary share transfer), with disclosed funding of ₹345.17 Cr; the latest was in June 2026.

The peers of Walchandnagar Industries by revenue are G. R. Engineering Private Limited, Kilburn Engineering Ltd, Precision Equipments (Chennai) Private Limited, Methods (India) Private Limited, Cimmco Limited and 1 more, all in the Machinery and Equipment industry (Heavy Engineering), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).

Nishant Premkuar Saigal was appointed as CFO on 30 Apr 2025. Sandeep Kumar Jain ceased to be CFO on 28 Feb 2025. Anil Purushottam Kakodkar ceased to be Director on 14 Aug 2024. Walchandnagar Industries has 37 board changes on record in total.