Semiconductor Equipment Components

Wendt India

WENDTNSESmall CapParent: Murugappa Group

Live₹7,049syncing…

Precision grinding, dicing and superabrasive tools used in semiconductor and high-precision manufacturing.

Market Cap

₹1.4k cr

Price

7049

1Y 12%

Direct exposure

55/100

0–100 directness

Hold / Watchlist

Fundamental

50/ 100

Quality of growth, returns, cash conversion and balance sheet

Technical (TQ-100)

69/ 100

B+

Trend, momentum, volume and relative strength composite

Valuation

56/ 100

Higher = cheaper vs peers and own history

Final composite

60/ 100

Blended decision input

Data transparency

What's real, what's pending, on this page

Real financials loaded

✓ Real / verified

· Live price, day change, market cap — NSE direct
· 1Y OHLCV, RSI(14), 50/200 DMA, 1M/3M/1Y returns, RS vs Nifty — computed from real NSE OHLCV
· Sector P/E — NSE direct
· Promoter %, pledge %, MF/FII/public split, 9-quarter history — Trendlyne
· Earnings call AI summaries — Trendlyne (where available)
· Technical (TQ-100) score — computed from real OHLCV
· Annual revenue / EBITDA / PAT / OCF / FCF / equity / assets — Trendlyne (audited annuals)

⚠ Analyst-set (qualitative)

· Segment classification + semicon directness score — analyst seed
· Bull/bear case + monitorables (curated thesis) — analyst seed
· Governance risk score (seed) — being replaced by AI-agent assessment
· Synthesized 5Y forecast removed entirely (was inaccurate)

Real financials extracted for 42 of 45 companies. See /data-sources for full provenance.

Wendt India · WENDT

₹7,049+35.60% over 6M

Price50 DMA200 DMA

RSI (14)

Momentum oscillator · 6M view

Volume (60D)

Fundamental score (SageOne 100)

50/ 100C

Growth 20 / Margin 15 / ROC 20 / Cash 15 / Leverage 10 / Reinvestment 8 / Accounting 7 / Governance 5 minus red flags (capped -20).

Base 54

Red flags -4

Growth quality/ 20

0.0

Rev 1Y -4.0% · 3Y CAGR 2.2%

Margin & profitability/ 15

11.5

EBITDA 27.8% · PAT 10.6%

Return on capital/ 20

10.7

ROCE 23% · ROE 10%

Cash flow quality/ 15

6.9

OCF/EBITDA 55% · FCF yield 0.6%

Leverage discipline/ 10

10.0

Net Debt/EBITDA -1.40x

Reinvestment runway/ 8

5.4

ROCE × retention proxy

Accounting quality/ 7

4.8

OCF conversion proxy

Governance/ 5

4.4

Pledge 0.0% · Risk 12/100

Red flags (1)

− Declining revenueRev 1Y -4.0%-4

✓ Computed from real Trendlyne annuals (revenue, EBITDA, PAT, OCF, equity).

Technical score (TQ-100)

69/ 100B+

Computed from real 1Y OHLCV pulled from NSE direct: trend, momentum, volume, RS vs Nifty, MA cluster, mean reversion, volatility, patterns minus red flags.

Base 77

Red flags -8

Trend structure/ 20

16.3

Above 200DMA · -46% from 52W high

Momentum velocity/ 15

13.5

RSI(14) 54 · 1M 1.0%

Volume dynamics/ 15

8.3

Bucket: Small Cap

Relative strength/ 15

7.5

RS vs Nifty 0%

MA cluster/ 10

10.0

200DMA + 1Y trend confirmation

Mean-reversion runway/ 10

9.7

RSI(14) 54; ideal 50-60

Volatility profile/ 8

4.8

Bucket: Small Cap

Pattern integrity/ 7

7.0

Trend continuation proxy

Red flags (1)

− Deep drawdown-46% from 52W high-8

AI research agents

Re-classify segment exposure and re-assess governance risk by running fresh AI agents on the latest data. Results cache to data/agents.json.

Segment classifier

Maps to value-chain segments + computes 0-100 directness

Seed: Semiconductor Equipment Components · 55/100

Governance assessor

Forensic-accounting flags + 0-100 risk score

Seed: 12/100 risk

AI thesis

Generates a fresh thesis grounded in this company's data. Wires to Anthropic when ANTHROPIC_API_KEY is set, otherwise returns a deterministic mock.

Curated thesis

Analyst-set bull, bear and monitorables · use AI thesis above for a fresh take

High-quality precision tooling franchise with semiconductor optionality and strong governance.

Bull case

+Murugappa parentage
+High ROCE
+Net cash balance sheet

Bear case

−Liquidity
−Slow growth
−Limited disclosure on semicon mix

Key monitorables

Semicon revenue mixOrder book signalsCapex plans

Semiconductor exposure

How direct, how visible

Primary segment

Semiconductor Equipment Components

All segments

Semiconductor Equipment Components

Exposure type

Indirect / pull-through

Policy beneficiary

Possible

Import substitution

High

Governance risk score

12/100 (lower = better)

Financial snapshot

Latest reported metrics · mock data, ready for live financials

Rev growth (1Y)

-4.0%

Rev CAGR (3Y)

2.2%

EBITDA margin

27.8%

PAT margin

10.6%

ROCE

23%

ROE

10%

OCF / EBITDA

55%

Net Debt / EBITDA

-1.4x

Promoter holding

79.4%

Promoter pledge

0.0%

Valuation

P/E (TTM)

96.4

Forward P/E

32.0

EV/EBITDA

23.7

EV/Sales

6.6

P/B

6.4

FCF Yield

0.6%

Dividend Yield

0.50%

Hist. percentile

50%

Peer percentile

50%

Technicals

RSI(14)

1M return

1.0%

1Y return

12%

From 52W high

-46%

RS vs Nifty

>200 DMA

Yes

Annual financials — real data

Extracted from Trendlyne · audited annuals · TTM + last 6 fiscal years

✓ Real

Line	TTM	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	₹214 cr	₹214 cr	₹223 cr	₹216 cr	₹201 cr	₹166 cr	₹127 cr
↳ YoY growth	+0.0%	-4.0%	+3.6%	+7.5%	+21.1%	+30.3%	—
EBITDA	₹45 cr	₹60 cr	₹61 cr	₹60 cr	₹44 cr	₹25 cr	₹21 cr
↳ EBITDA margin	20.9%	27.8%	27.1%	28.0%	21.7%	15.1%	16.5%
PAT	₹23 cr	₹23 cr	₹38 cr	₹40 cr	₹40 cr	₹27 cr	₹13 cr
↳ PAT margin	10.6%	10.6%	17.2%	18.3%	20.0%	16.4%	10.1%
OCF	₹33 cr	₹33 cr	₹27 cr	₹31 cr	₹34 cr	₹6 cr	₹10 cr
↳ OCF / EBITDA	73.4%	55.2%	44.1%	51.9%	78.2%	22.4%	47.6%
FCF (= OCF − capex)	₹12 cr	₹8 cr	₹19 cr	₹15 cr	₹8 cr	₹6 cr	₹2 cr
Total Equity	₹234 cr	₹220 cr	₹192 cr	₹169 cr	₹144 cr	₹126 cr	₹120 cr
Total Assets	₹280 cr	₹275 cr	₹234 cr	₹208 cr	₹184 cr	₹164 cr	₹163 cr
↳ ROE	9.7%	10.4%	19.9%	23.3%	27.8%	21.6%	10.8%
↳ ROA	8.2%	8.3%	16.4%	19.0%	21.8%	16.6%	7.9%

Source: Trendlyne (Standalone where Consolidated unavailable). Last refresh on real-data ingest.

Promoter pledge & shareholding history

From Trendlyne · 9 quarters · synced Invalid Date

Pledge: 0.0%

Promoter

37.5%

Mutual Funds

10.8%

FII

1.0%

Public

48.7%

Promoter holding trend

75.0

Mar

75.0

Jun

75.0

Sep

75.0

Dec

75.0

Mar

37.5

Jun

37.5

Sep

37.5

Dec

37.5

Mar

Δ:-37.5% over 9 quartersWatch — meaningful dilution

Commentary

·Promoter holding stepped down 75% to 37.5% in Jun 2025 (likely OFS)
·No pledge

Management quality

Capital allocation, debt discipline, alignment, governance composite. Computed from disclosed metrics.

Capital allocation

Sustained high return on capital indicates disciplined reinvestment.

ROCE 23%, div yield 0.5%

Promoter holding

Promoter has strong skin in the game.

79.4%

Promoter pledge

No pledging — cleanest signal.

0.0%

Debt discipline

Net cash balance sheet.

Net Debt/EBITDA -1.40x

Cash conversion

Acceptable conversion; track working capital cycles.

OCF/EBITDA 55%

Governance composite

Clean governance signals across pledging, RPTs, auditor, KMP pay.

12/100 risk

Variant perception

What the market is pricing in versus our read, and what would invalidate the thesis.

What the market is pricing in

Steady but unspectacular execution. Multiples reflect mid-pack expectations.

What we think it's missing

Consensus appears reasonable. Look for thesis-changing catalysts (margin inflection, new customer wins, segment mix shift) rather than narrative re-rating alone.

Thesis killers

×Working capital blowout disclosed in next quarterly result

References

Wire to live data sources in production

NSE filings Screener BSE corporate filings Annual report (latest)Concall transcript (latest)Investor presentation