WPIL is a Kolkata based manufacturer of various type pumps for sectors like Irrigation,Mining,Water , waste water treatment..etc.What is unique for this company is that WPIL is the only company ( through joint venture) in India having expertise to manufacture certain type of pumps used in nuclear and thermal power plants.Earlier this company was with BN Khaithan group and in 2006 they completely exited from this company.The new owners( Hindustan Udyog group) have taken many steps to improve its performance thereafter.Some important acquisitions and some strategic alliances are already made in this direction.Company's joint venture with Clyde Union Pumps for manufacturing special pumps for thermal plants and nuclear power plants is expected to bring good business in future . In another important buyout ,WPIL recently acquired UK based ' Mathers Foundry ' which makes steel castings used in equipment for the oil and gas,nuclear, paper, chemical and power generation sectors .Mathers is the sole manufacturer of castings in the ZERON range of Super Duplex alloys . ZERON is a super duplex stainless steel (with high strength and corrosion resistant ) that resists all forms of corrosion attack in seawater service.WPIL's thrust in waste water treatment , mining and power plant related pumping systems creating special attention among many other pump makers. After the change in management control company is showing steady growth. For the last FY , WPIL posted a turnover of Rs.220 Cr and a net profit of Rs.15.7 Cr.On an equity base of Rs.7.9 Cr EPS was Rs.20/- .Another encouraging factor is the aggressive open market purchase of promoters in the recent past . CMP is Rs.187/-
