Synopsis: The shares of this small-cap pumping system stock were in momentum today, giving a jump of 12% following the company bagging an order worth about Rs 1,340 crore for the upgrading and expansion of the Macassar Wastewater Treatment Works for the City of Cape Town.
The shares of this company, which is engaged in the entire value chain of pumps & pumping systems from concept to commissioning and execution of water supply projects on a turnkey basis for industrial units and more, were in the news today after the company bagged a huge order which involves the upgrading of Cape Town’s wastewater systems.
With a market cap of Rs 3,950 crore, the shares of WPIL Ltd jumped about 12% and reached their high at Rs 413.90 compared to their previous day closing price at Rs 370.75 and have given a return of 660% in the last 5 years and are trading at a PE of 41.4, whereas their industry PE is 33.4.
About the order.
WPIL Limited has informed the stock exchanges that its South African subsidiary, PCI Africa Consortium, has secured a large overseas contract for the upgrading and expansion of the Macassar Wastewater Treatment Works for the City of Cape Town. The total value of the project is 2.50 billion rand, or about Rs 1,340 crore, making it a significant international win and highlighting WPIL’s growing footprint in global water and wastewater infrastructure projects.
From this total contract value, PCI Africa’s share is approximately 1.175 billion rand, or around Rs 630 crore, which will accrue to WPIL’s subsidiary. The project will be executed over a 54-month period, offering long-term execution visibility and a steady flow of work over the next four and a half years. Such municipal infrastructure projects typically involve complex planning and execution, underlining the technical capabilities of WPIL and its overseas operations.
The company also clarified that the contract does not fall within related-party transactions, indicating that it has been awarded on an arm’s-length basis. Overall, this order adds strength to WPIL’s international order book, reinforces its position in the water and wastewater treatment segment, and reflects continued confidence from global civic authorities in the company’s ability to deliver large-scale infrastructure projects.
Financials and more.
The revenue from operations is at Rs 426 crore in Q2 FY26 versus Rs 491 crore in Q2 FY25, which is a fall of about 13 per cent. Similarly, the net profit has also decreased from Rs 70 crore in Q2 FY25 to Rs 52 crore in Q2 FY26, which is a fall of about 26 per cent.
The company’s consolidated order book stands at Rs 4,131.5 crore. WPIL Limited is a long-established engineering company with over 65 years of experience in designing, manufacturing, erecting, commissioning, and servicing pumps and pumping systems, with a strong focus on customer satisfaction.
After building a leadership position in India, the company has expanded globally, operating across countries such as the UK, Italy, France, Switzerland, South Africa, Zambia, Australia, and Thailand, leveraging local expertise and group synergies to serve a wide range of pumping needs.
Backed by 12 manufacturing facilities covering the entire production process from casting to testing and supported by continuous investment in manufacturing and R&D, WPIL continues to improve efficiency and value delivery while steadily expanding into new markets with the aim of becoming a global leader in its sector.
Written by Leon Mendonca.
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