Worthington pump India limited, commonly known as WPIL, was listed on the BSE on july 1995. In the last 5 years, it has given a massive return of more than 1050%. Will WPIL continue to provide such impressive returns in the future? In this article, we will explore the WPIL share price target 2025 to 2050.
About WPIL
Worthington Pump India Limited is a top manufacturer and provider of industrial pumps and pumping systems. The company was founded as a subsidiary of the global Worthington brand and specializes in engineering high-performance pumps for a wide range of industries, including power generation, oil and gas, water management, and chemical. Worthington Pump India Limited is recognized for its dedication to quality, innovation, and energy-efficient solutions. By meeting a wide range of industrial needs, the organization contributes significantly to the infrastructure and development of essential sectors in India.
WPIL Business Model
- Manufacturing Business: WPIL specialises in the design, development, and manufacture of high-quality pumps and pumping systems for a wide range of industrial applications. The company manufactures pumps for a variety of industries, including water supply, sewage, oil and gas, power, chemicals, and critical infrastructure projects. Their product line includes centrifugal pumps, diaphragm pumps, and screw pumps that are tailored to the needs of various industries. WPIL maintains high quality standards, ensuring that its pumps are reliable and perform properly in challenging environments.
- Project and Complete Solutions: WPIL provides project-based solutions, including full turnkey services. This includes not only the supply of pumps, but also engineering, installation, and after-sales service. By providing end-to-end services, WPIL ensures that clients have a reliable experience and long-term reliability for their pumping systems. This feature of the business model allows WPIL to develop long-term connections with its clients and generate regular revenue through maintenance contracts and service agreements.
- Export and International Business: WPIL has a strong international presence, exporting its products to several nations across the world. This helps the organisation to diversify its revenue streams and grow beyond the Indian market. The company’s foreign activities are perfectly positioned to capitalise on rising markets for industrial infrastructure and water management. By coordinating with worldwide industry standards, WPIL continues to develop its brand reputation abroad, increase its client base, and improve its business sustainability.
- Maintenance and After-Sales Services: With a strong after-sales service division, WPIL guarantees customer satisfaction and long-term value. This section is in charge of providing spare parts, technical support, and maintenance services to ensure the longevity and efficiency of its pumping systems throughout their lives. These services also provide a consistent source of income for the organisation.
WPIL Fundamental Analysis
| Stock Name | WPIL Ltd. |
|---|---|
| Market Cap | ₹ 3946 Cr. |
| 52W High | ₹ 768 |
| 52W Low | ₹ 330 |
| Stock P/E (TTM) | 19.6 |
| Book Value | ₹ 138 |
| Dividend Yield | 0.99 % |
| ROCE | 20.4 % |
| ROE | 46.2 % |
| Face Value | ₹ 1.00 |
| Industry PE | 28.9 |
| Price to book value | 2.92 |
| Debt to equity | 0.30 |
| PEG Ratio | 0.64 |
| Quick ratio | 1.66 |
Key Factors Driving WPIL Growth
- Rising Industrial and Infrastructure Demand: India’s fast industrialisation and infrastructure development has led to increased demand for effective pumping solutions. Worthington Pump India Limited (WPIL) has positioned itself as a vital supplier for a variety of industries, including oil and gas, power, and water supply, capitalising on rising demand.
- Focus on green energy and water management: The Indian government’s focus on green energy and water conservation is increasing the demand for modern pumping systems. WPIL, with its expertise in creating energy-efficient and sustainable pumping solutions, stands to gain from government initiatives such as the Jal Jeevan Mission and renewable energy projects.
- Technological Innovation and Customization: WPIL’s R&D commitment allows for the development of innovative products adapted to industrial needs. Innovations like high-efficiency pumps and digitally linked monitoring systems give businesses a competitive advantage in both domestic and international markets.
- Strategic Global Expansion: WPIL has been expanding into foreign markets through smart deals and alliances. This global presence allows the corporation to diversify its revenue streams and reduce reliance on the Indian market alone.
- Strong financial performance and operational excellence: WPIL’s consistent profitability, effective cost control, and outstanding performance have increased investor trust. The company has shown consistent growth, supported by a strong order book and a large pipeline of projects.
- Sustainability & ESG Initiatives: The company’s commitment to ecologically sustainable products and ESG standards connect with worldwide trends. These measures not only improve WPIL’s reputation, but also create possibilities in markets that value sustainable and ethical business practices.
- Robust After-Sales Service Network: WPIL’s strong after-sales service network promotes client satisfaction and loyalty. This service quality enhances the company’s market position and generates repeat business across industries.
Pros of WPIL
- Strong Profit Growth: WPIL profits have grown at 78% CAGR over the last three years.
- High Return on Capital Employed (ROCE): WPIL 5yrs average ROCE is 20.4% which shows that the company is utilizing its capital effectively to generate profits.
- High Return on Equity (ROE): WPIL 5-year average is 46.2% which shows that the company is using its shareholders funds well to generate profits.
- Low PE Ratio Compared to Peers: WPIL PE ratio is 19.6, which is lower than the industry average of 28.9, making it relatively undervalued and potentially a good investment opportunity.
- Low Debt Levels: WPIL debt to equity ratio is 0.30, which indicates that the company is less dependent on debt, which reduces its financial risk.
- High Promoter Holding: WPIL has a strong promoter holding of 70.8%, which shows the high confidence of promoters in the company’s future growth and stability.
Cons of WPIL
- Decrease in Institutional Confidence: DIIs have reduced their holding to 2.56% in March 2025 from 2.58% in December 2024 while FIIs have reduced their holding to 5.57% in March 2025 from 5.67% in December 2024, indicating a decline in institutional confidence in the company’s future growth prospects.
| Share holder | March 2023 | March 2024 | March 2025 |
|---|---|---|---|
| Promoters | 70.79% | 70.79% | 70.79% |
| FIIs | 5.82% | 5.81% | 5.57% |
| DIIs | 2.62% | 2.62% | 2.56% |
| Public | 20.77% | 20.78% | 21.08% |
By the end of 2025, the WPIL share price is projected to be around ₹925 under normal conditions. In adverse markets, the price could fall to ₹800, while favorable conditions might push it up to ₹1020.
| WPIL Share Price Target 2025 | Rupees (₹) |
|---|---|
| 1st Target | 800 |
| 2nd Target | 925 |
| 3rd Target | 1020 |
In 2030, the WPIL share price is expected to be around ₹2350 in a normal situation. In a bear market, it might be ₹2000, and in a bull market, it may go up to ₹2540.
| WPIL Share Price Target 2030 | Rupees (₹) |
|---|---|
| 1st Target | 2000 |
| 2nd Target | 2350 |
| 3rd Target | 2540 |
Under normal conditions, the WPIL share price might hit ₹3740 by 2035. A bearish trend could lower it to ₹3500, whereas a bullish surge could raise it to ₹3960.
| WPIL Share Price Target 2035 | Rupees (₹) |
|---|---|
| 1st Target | 3500 |
| 2nd Target | 3740 |
| 3rd Target | 3960 |
According to our analysis, the WPIL share price is expected to be around ₹8680 in 2040. In a bear market, it might be ₹8200, and in a bull market, it may cross ₹8800.
| WPIL Share Price Target 2040 | Rupees (₹) |
|---|---|
| 1st Target | 8200 |
| 2nd Target | 8680 |
| 3rd Target | 8800 |
In 2050, the WPIL share price is expected to be around ₹22000 in a normal situation. In a bear market, it might be ₹20000, and in a bull market, it may cross ₹25000.
| WPIL Share Price Target 2050 | Rupees (₹) |
|---|---|
| 1st Target | 20,000 |
| 2nd Target | 22,000 |
| 3rd Target | 25,000 |
WPIL Balance Sheet
| Particulars | March 2023 | March 2024 | Sept 2024 |
|---|---|---|---|
| Equity Capital | 10 | 10 | 10 |
| Reserves | 800 | 1,236 | 1,340 |
| Borrowings | 258 | 220 | 403 |
| Other Liabilities | 1,134 | 1,162 | 1,075 |
| Total Liabilities | 2,202 | 2,628 | 2,828 |
| Fixed Assets | 467 | 439 | 470 |
| CWIP | 9 | 14 | 18 |
| Investments | 20 | 25 | 28 |
| Other Assets | 1,706 | 2,150 | 2,312 |
| Years | Target Price |
|---|---|
| WPIL Share Price Target 2025 | ₹800 to ₹1020 |
| WPIL Share Price Target 2030 | ₹2000 to ₹2540 |
| WPIL Share Price Target 2035 | ₹3500 to ₹3960 |
| WPIL Share Price Target 2040 | ₹8200 to ₹8800 |
| WPIL Share Price Target 2050 | ₹20,000 to ₹25,000 |
Conclusion
Worthington Pumps India Ltd. (WPIL) has a bright future, thanks to its leadership in the industrial pump sector and continued expansion into water infrastructure and irrigation projects. With the government’s increasing focus on water management and infrastructure development, WPIL is ready to capitalise on new opportunities. Although share price predictions can be uncertain, WPIL’s strong market presence, innovation, and strategic projects indicate that it could be a solid long-term investment for those looking to gain exposure to India’s expanding industrial and infrastructure sectors.
Disclaimer
This article is for educational purposes only. It is not a stock recommendation and should not be treated as such. Please ask your financial advisor before making any investment decision.
