1. At a Glance
Q1 FY26 gave Wendt India a rough polish: while revenue rose 6–7%, PAT dropped by a stunning 34–51%. Add to that a CEO exit, promoter declassification, and a stock down 30% in a year, and you have all the ingredients for a boardroom soap opera.
2. Introduction with Hook
If you thought diamond tools were forever, try telling that to Wendt India’s shareholders.
- Q1 PAT: ₹3.78 Cr vs ₹7.68 Cr YoY
- Q1 Sales: ₹52.17 Cr (flat-ish YoY)
- Stock crash: ₹18,000 → ₹10,625 (down 41%)
- CEO Resigns, 3M and Carborundum step back
Plot twist? This cutting tools company just got cut.
3. Business Model (WTF Do They Even Do?)
Wendt India is a precision engineering firm that manufactures:
- Super Abrasives (CBN, Diamond tools)
- High-Precision Grinding Machines
- Honing, Polishing, Lapping Solutions
- Custom Tools for Auto, Defence, Aero, Ceramics
JV Structure:
- 3M’s Wendt GmbH: 37.5%
- Carborundum Universal: 37.5%
- Public and DIIs own the rest… for now
Their customers? Names you’ve seen on highways, runways, and probably your dentist’s office.
4. Financials Overview
Q1 FY26 Snapshot
- Sales: ₹52.17 Cr (YoY growth:
