Latest news with #WendtIndia
Time of India
17 hours ago
- Automotive
- Time of India
Wendt (India) continue to focus on product development, customer acquisition to boost growth
Wendt India, a Murugappa Group company, plans to boost growth. The company will focus on product development and new customers. They aim to correct prices and acquire distributors. Super Abrasives sales rose last year. Domestic sales increased in the auto, steel, and engineering sectors. The company addresses supply chain issues through planning and vendor collaboration. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Wendt (India) Ltd, an abrasive and precision component manufacturer, will continue to focus on product development , new customer acquisition , price correction among others, aimed at boosting business growth, the company said on company, part of the diversified conglomerate Murugappa Group , would also take initiatives on identifying and onboarding automobile, steel and engineering industry specific distributors in overseas markets witnessing an increase in sales in Super Abrasive business last financial year, Wendt (India) said in its annual Super Abrasive business achieved sales of Rs 140.54 crore, which is higher by 7 per cent over the previous year. The domestic Super Abrasives sales also grew by 9 per cent over last year."This is the highest ever sales for the domestic Super Abrasives business. The higher sales were from industries like auto, auto-ancillaries, steel, bearings, engineering, and cutting tools," the company said. The increase in sales was in the backdrop of initiatives taken by the company, which include product development, key account management for top customers, appointment of precision dealers, deployment of successful applications, among Super Abrasive business segment comprises manufacturing diamond and grinding wheels, rotary dressers, hones, and it is the biggest business vertical of the company. "The company continues to take several initiatives, including deployment of successful applications and products, entering new markets, leveraging all its products as a complete package solution to serve customers better, to grow the business," the company said in its (India) is a preferred supplier for many automobile, auto-component, engineering, aerospace, defence customers for their Super Abrasive Tooling solutions, and also Grinding and Honing machines, and precision components. Some of the industries that use these kinds of components are the automobile and ancillary and in the manufacturing of aircraft overseas business, Wendt India said it witnessed a marginal increase of 2 per cent in its exports during the last financial year under the Super Abrasives segment. The rise in exports was due to reduced off-take from key customers in a few the machine tools business, the company said it witnessed an 8 per cent decline in sales to Rs 43.64 crore in the last financial year due to a delay in orders and customers deferring purchase due to 'adverse economic situation'."The company continues to mitigate supply chain issues by better planning, bulk ordering of some of the critical parts for the year, working closely with critical vendors, and by developing alternative vendors," the report added.
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Business Standard
15-05-2025
- Business
- Business Standard
Why this smallcap abrasives & bearings stock tanked 20%, hits 52-week low?
Wendt (India) share price today: Share price of Wendt (India) hit a 52-week low of ₹8,374.15, plunging 20 per cent on the BSE in Thursday's intra-day trade after promoter Wendt GmbH announced an Offer for Sale (OFS) to divest up to 37.5 per cent of its stake in the company, including a green shoe option of 7.5 per cent, starting today. The promoter fixed a floor price of ₹6,500 per share for the OFS. The stock price of the smallcap abrasives & bearings company has fallen below its previous low of ₹8,400 touched on March 4, 2025. The stock had hit a 52-week high of ₹18,000 on December 11, 2024. Wendt (India), after market hours in an exchange filing on Wednesday, informed the stock exchanges that its Germany-based promoter Wendt GmbH proposed to offload up to 6,00,000 shares of the company, representing 30 per cent of the total issued and paid up equity share capital on May 15 and May 16. Promoters would keep an option to additionally sell 1,50,000 equity shares, representing 7.50 per cent of the total issued and paid up equity share capital of the company, collectively representing 37.50 per cent stake in Wendt (India). "In the event that the oversubscription option is exercised, the equity shares forming part of the base offer size and the oversubscription option will collectively, hereinafter be referred to as 'offer shares' and while in the event that such oversubscription option is not exercised, the equity shares forming part of the base offer size will continued to be referred as offer shares," Wendt India said. ALSO READ | The floor price has been set at ₹6,500, which is at 37.90 per cent discount to Wendt India's Wednesday closing price of ₹10,467.65 per share on the BSE. Wendt (India) Limited is a market leader in super abrasives and a reliable grinding solution provider with a track record of over four decades. The company provides grinding solutions and high-end manufacturing services to various high-tech industries. It has significant export sales to the US, the UK, Germany, South Korea, Taiwan, and Australia.
Economic Times
15-05-2025
- Business
- Economic Times
Wendt India shares tumble 20% as German promoter launches offer for sale at 38% discount
Floor price deeply discounted Live Events OFS schedule and participation guidelines (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Wendt (India) Ltd slipped as much as 20% on Thursday to Rs 8,374.15 on the BSE , after its German promoter Wendt GmbH , announced a two-day offer for sale (OFS) at a steep 37.9% discount to the previous close, triggering a sharp sell-off in the OFS, which opened for non-retail investors on May 15 and will continue for retail participants on May 16, aims to divest up to 37.5% stake in the company. In a BSE filing, Wendt India said the promoter has proposed to offload up to 6,00,000 shares, representing 30% of the total issued and paid-up equity share promoter has also kept an option to sell an additional 1,50,000 equity shares, representing 7.5% of the total equity capital, in the event of oversubscription. If fully exercised, the total stake offloaded would rise to 37.5%.The floor price for the OFS has been set at Rs 6,500 per share — a steep 37.9% discount to Wednesday's closing price and 64% below the 52-week high of Rs 18,000 hit on December 11, 2024. This sharp markdown triggered a strong market reaction, with the stock plunging by the maximum 20% intraday on Thursday. Wendt India shares have already fallen 37% so far in 2025, and the discounted OFS further weighed on investor its exchange filing, the company said, 'In the event that the oversubscription option is exercised, the equity shares forming part of the base offer size and the oversubscription option will collectively, hereinafter, be referred to as 'offer shares', and in the event that such oversubscription option is not exercised, the equity shares forming part of the base offer size will continue to be referred to as offer shares.'As of the latest shareholding data , Wendt GmbH held a 75% stake in the non-retail investors are allowed to bid on May 15. These investors can also choose to carry forward their un-allotted bids to May 16 for allocation in the unsubscribed portion of the retail category. Retail investors , along with such carry-forward bids from non-retail participants, will be allowed to place bids on May 16. The offer is being conducted via a separate window on the stock exchanges, open from 9:15 am to 3:30 pm large divestment at a deep discount, combined with the stock's weak recent performance, has put Wendt India under intense market pressure as investors reassess the company's near-term outlook.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
15-05-2025
- Business
- Time of India
Wendt India shares tumble 20% as German promoter launches offer for sale at 38% discount
Shares of Wendt (India) Ltd slipped as much as 20% on Thursday to Rs 8,374.15 on the BSE , after its German promoter , Wendt GmbH , announced a two-day offer for sale (OFS) at a steep 37.9% discount to the previous close, triggering a sharp sell-off in the stock. The OFS, which opened for non-retail investors on May 15 and will continue for retail participants on May 16, aims to divest up to 37.5% stake in the company. In a BSE filing, Wendt India said the promoter has proposed to offload up to 6,00,000 shares, representing 30% of the total issued and paid-up equity share capital. The promoter has also kept an option to sell an additional 1,50,000 equity shares, representing 7.5% of the total equity capital, in the event of oversubscription. If fully exercised, the total stake offloaded would rise to 37.5%. Floor price deeply discounted The floor price for the OFS has been set at Rs 6,500 per share — a steep 37.9% discount to Wednesday's closing price and 64% below the 52-week high of Rs 18,000 hit on December 11, 2024. This sharp markdown triggered a strong market reaction, with the stock plunging by the maximum 20% intraday on Thursday. Wendt India shares have already fallen 37% so far in 2025, and the discounted OFS further weighed on investor sentiment. In its exchange filing, the company said, 'In the event that the oversubscription option is exercised, the equity shares forming part of the base offer size and the oversubscription option will collectively, hereinafter, be referred to as 'offer shares', and in the event that such oversubscription option is not exercised, the equity shares forming part of the base offer size will continue to be referred to as offer shares.' As of the latest shareholding data , Wendt GmbH held a 75% stake in the company. OFS schedule and participation guidelines Only non-retail investors are allowed to bid on May 15. These investors can also choose to carry forward their un-allotted bids to May 16 for allocation in the unsubscribed portion of the retail category. Retail investors , along with such carry-forward bids from non-retail participants, will be allowed to place bids on May 16. The offer is being conducted via a separate window on the stock exchanges, open from 9:15 am to 3:30 pm IST. The large divestment at a deep discount, combined with the stock's weak recent performance, has put Wendt India under intense market pressure as investors reassess the company's near-term outlook. Also read | Sensex slips 500 points lower, Nifty below 24,550; bank, auto stocks drag ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) ETMarkets WhatsApp channel )
Business Standard
23-04-2025
- Business
- Business Standard
Wendt India consolidated net profit declines 3.66% in the March 2025 quarter
Sales rise 7.87% to Rs 74.94 crore Net profit of Wendt India declined 3.66% to Rs 12.89 crore in the quarter ended March 2025 as against Rs 13.38 crore during the previous quarter ended March 2024. Sales rose 7.87% to Rs 74.94 crore in the quarter ended March 2025 as against Rs 69.47 crore during the previous quarter ended March 2024. For the full year,net profit declined 3.59% to Rs 39.48 crore in the year ended March 2025 as against Rs 40.95 crore during the previous year ended March 2024. Sales rose 2.81% to Rs 231.14 crore in the year ended March 2025 as against Rs 224.82 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 74.9469.47 8 231.14224.82 3 OPM % 24.4925.23 - 22.7524.75 - PBDT 20.4519.35 6 61.3062.76 -2 PBT 17.1517.09 0 51.2354.21 -5 NP 12.8913.38 -4 39.4840.95 -4
