Walchandnagar Industries Ltd
NSE: WALCHANNAG BSE: 507410
₹185.28
+4.58 (2.53%)
Mon, 09 Nov 2026, 07:01 pm
Market Cap (in Cr)1223.98
PE Ratio136.59
Dividend0
Producer Manufacturing
Industrial Machinery
24.5KWalchandnagar Industries Ltd Company History
1908
- The company was incorporated on 25th November at Mumbai.
- 2,500 No. of equity shares were issued without payment in cash.
1945
- 13,500 Right Equity shares were issued.
1946
- 27,000 `A' Bonus Equity shares were issued in the proportion 1:1.
1947
- 50,500 `A' Bonus Equity shares were issued in the proportion 1:1.
1954
- Equity and Equity `A' shares were reclassified as Equity shares.
1958
- 46,500 Right Pref. shares were issued in the proportion 2:5.
1961
- 50,500 Right Equity shares were issued at a premium of Rs. 30 per share.
1966
- 30,000 Bonus Equity shares were issued in the proportion 1:5.
1976
- 1,177 Equity shares were allotted at par on conversion of debentures.
1977
- Shares were subdivided and authorised capital increased.
- 360 shares were allotted at par on conversion of debentures.
- 1,62,720 No. of equity shares were issued to members of Cooper Engineerings Ltd. on its merger with the company.
1978
- Cooper Engineering Limited and Tiwai Industries Limited were amalgamated with the company.
- Shareholders of Cooper Engineering, Ltd. were allotted equity shares of the company.
1979
- The company entered into a collaboration agreement with Polysins GmbH, West Germany.
1980
- The company executed the first set of 15,000 H.P. marine gear box for the Navy.
- The company manufactured and supplied LPG tanker wagons to Indian Oil Co., Ltd.
- Cooper Division came into existence with the merger of Cooper Engineering, Ltd.
1981
- 10,154 No. of equity shares were issued to the shareholders of erstwhile Tiwac Industries, Ltd.
1982
- The company concluded a technical collaboration agreement with M/s. Fratelli Negri Machine Sud S.r.l.
- An agreement was being finalised with Premier Automobiles, Ltd.
- The company entered into a technical collaboration with M/s. Hitachi-eiki Co. Ltd.
- The company revalued its land, buildings, and plant and machinery.
- 10,01,502 bonus equity shares were issued.
1984
- The recovery was lower than the previous period due to poor quality cane supplied.
1985
- Operating results were adversely affected by prolonged labour unrest and an overrun on an overseas turnkey project.
1986
- Recession in the engineering industry affected the company's performance.
- The crushing of sugar cane was taken up in collaboration with I.S.S.K. Ltd.
- The government approved a technical collaboration agreement with M/s. Euroconsult B.V.
- Walchand Tandur Cement Co., Ltd. became a subsidiary of the company.
1987
- The company turned the corner with more funds invested into the Industrial Machinery division.
- The company entered into a technical collaboration agreement with M/s. MAAG Gear Wheel Co., Ltd.
- The company's R & D developed Hyper Extraction rolls and VAC rolls for sugar mills.
1988
- The company decided to dispose of the plant and machinery of its sugar division at Walchandnagar.
- The precision instruments division introduced a Quartz Alarm Clock.
1989
- The sugar plant was disposed of in favour of M/s. Indapur Sahakari Sakhar Karkhana Ltd.
1991
- The working of the engine and foundry division was subdued due to a lower order book position.
1992
- 10% Pref. shares were redeemed.
2004
- Equity shares were delisted from Bangalore and Pune Stock Exchanges.
- Walchandnagar Industries shares were delisted from Delhi Stock Exchange.
2006
- Mrs. Sharayu Daftary resigned as Director.
2007
- Mr. Shashi Bhusan Das was appointed as a Director.
2008
- The company issued bonus shares in the ratio of 1:1.
- The company split its face value from Rs10/- to Rs2/-.
2009
- Mr. G.S. Agrawal was appointed as Company Secretary and Compliance Officer.
2010
- A Joint Venture Agreement was signed between WIL and DCNS.
- Dr. Anil Kakodkar and Mr. Ghyanendra Nath Bajpai were appointed as Additional Directors.
2011
- A Joint Venture Agreement was signed between WIL and Atomenergomash (AEM) and Atomstroyexport (ASE), Russia.
- WIL and ETCL collaborated.
- A Joint Venture Agreement was signed between WIL and DCNS.
2012
- Walchandnagar Industries Limited and Masson Marine, France collaborated.
- The company recommended a dividend of Rs. 1/- per equity share (50%) on equity shares of Rs. 2/- each.
2013
- Mrs. Bhavna Doshi and Mr. Arun R. Gandhi were appointed as Additional Directors.
- The company was bestowed with the Outstanding Professional (Industrial) Award.
- The board recommended a dividend of 20% on equity shares of Rs. 2/- each.
2014
- Walchandnagar Industries Limited launched the Geosynchronous Satellite Launch Vehicle (GSLV-D5).
- The company was bestowed with the Performance Award for Best Equipment (Centrifugal machines) Supply Partner.
