WPIL Limited or formerly Worthington Pumps India Ltd was incorporated in 1952 and is a global leader in flow solutions offering specialised pumps, engineering flow control products and turnkey water projects to customers across the world. The company has unmatched engineering expertise and ability to custom-build thereby ensuring highest quality delivery across industries such as water, irrigation, municipal and energy applications with a diversified world-class product portfolio catering to a widespread market segment. WPIL has also established a leading market presence providing end-to-end solutions for turnkey water projects, establishing the company as a trusted partner for critical infrastructure globally. Through a proven buy-and-build strategy, WPIL has successfully acquired ten companies over the years across multiple continents, expanding its product portfolio and customer base.
The company continues to strengthen its leadership in existing regions while expanding its footprint, reinforcing its position as a trusted partner for critical infrastructure projects. The company is backed by twelve state-of-the-art manufacturing facilities worldwide and continuous investment in research and development combining with innovation, efficiency and reliability makes it a preferred choice by customers worldwide. With the company expanding into new domestic and international markets, the focus remains on strengthening core offerings and setting the benchmark for quality and performance.
WPIL has a wide range of Applications and is used in industries for a variety of purposes such as fire fighting, sewage, chemicals, pulp and paper, steel, heating/cooling of systems and other industrial applications. In the irrigation segment, WPIL does huge lift irrigation networking to provide surface water and borehole installations of ground water for the farmer community. The company’s application is also used in chemical and petrochemical plants, oil and gas plants, thermal power plants and energy installations involving cooling and drainage. The other segment is the water supply and drainage solutions for rural and urban utilities, including raw water intakes, treatment plants and reservoirs.
WPIL posted stupendous third quarter financial results for FY2026 with consolidated revenue going up by 41% year on year to Rs 839 crores and EBITDA shooting up by a whopping 134% year on year to Rs 113 crores. The EBITDA margins stood at 20.88% while profit after tax rose by 104% year on year to Rs 76 crores for Q3FY2026. India is expected to witness solid growth in private sector industrial investment, especially in the Power and Steel sector to meet the growing demand. With the Indian govt’s budget allocation of Rs 17000 crores for FY2026 and an additional Rs 67070 crores for FY2026-27, it is expected to give a significant boost to the company’s order book.
The govt’s renewed focus on Irrigation is expected to lead to new river linking and energy-efficient piped irrigation schemes for utilising water resources more effectively and the Jal Jeevan Mission and Atal Urban Renewal Mission water supply schemes will will create value for companies like WPIL in the future. On the other hand, strong oil revenues is expected to lead to an infrastructure upswing, benefiting its Italian subsidiary and driving investments in production capabilities and demand for API pumps. Also, the new LNG plants being installed globally due to the Ukraine crisis is pushing demand for specialised pumps, especially in energy abundant countries like Australia and Egypt. The future is extremely bright for WPIL with healthy domestic market demand for pumps in India of over Rs 8,500 crores. Analysts and brokerage houses are bullish on the WPIL scrip currently trading on the bourses at around Rs 400 and expect it to appreciate by over 20% over the next one year time frame.
