10:1 Stock Split: Rs 3,054 Crore Order Book, Mukul Agarwal Portfolio Company Announces Record Date, Stock Gains Over 280 per cent!

The company's shares have delivered an impressive return of over 330 per cent to their shareholders in just 3 years.

Incorporated in 1952 by Johnston Pump Company, USA, WPIL Ltd is deeply involved in the complete lifecycle of Pumps & Pumping Systems, ranging from initial concept to the execution and commissioning of water supply projects on a turnkey basis. The company serves a diverse clientele including industrial units, power utilities, and irrigation departments across various states such as Telangana and Madhya Pradesh, along with central utilities, major PSUs, and numerous private sector entities.

Today, the Board of Directors of WPIL Ltd at its meeting held on July 2, 2024, has announced that July 12, 2024, will be the record date for the subdivision or stock split of the face value of each equity share of the company from Rs 10 to Rs 1 each.

Today shares of WPIL Ltd closed the day at Rs 4388 per share on the BSE. The current market capitalization of the company stands at Rs 4285.79 crore. Additionally, the stock has delivered a multibagger return of over 286 per cent in just 2 years.

As per Quarterly Results in Q4 FY24, WPIL Ltd reported a quarterly revenue from operation of Rs 591 crore compared to a revenue of Rs 520 crore, representing a growth on a YoY basis. The company's net profit stood at Rs 66 crore in Q4 FY24 compared to a net profit of Rs 79 crore. Turning attention to the annual performance of the company, it reported a revenue of Rs 1664 crore, compared to Rs 1785 crore in FY23. Moreover, the company’s net profit stood at Rs 684 crore in FY24 compared to a profit of Rs 220 crore.

Regarding the shareholding pattern of WPIL Ltd, the promoters own 70.79 per cent of the company and the public or retail investors hold 20.7 per cent.

Investors must keep this Small-Cap stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.