W H Brady & Co Ltd (WHBRADY)

Services · Trading · NSE · Updated 2 September 2026

By StockFin Research Team • AI-Assisted Analysis • Source: BSE/NSE Filings

₹499 ↓ 27.68% (1Y)

🎯 Key Takeaways

W H Brady & Co Ltd is a mid-sized trading company operating in the services sector, currently navigating a period of financial volatility and operational instability. The company has shown fluctuating profitability over recent quarters, with alternating periods of profit and loss, and a significant year-on-year decline in returns.
Revenue declined 8.5% QoQ to ₹19 in Q1FY27.
⚠️ Persistent operational volatility with alternating profits and losses over the past year, signaling weak demand or margin compression.

Market Cap

₹127

P/E Ratio

20.1

P/B Ratio

1.54

ROE

7.7%

ROCE

9.1%

Debt/Equity

0.13

Promoter

73.8%

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📖 The Story

W H Brady & Co Ltd is a mid-sized trading company operating in the services sector, currently navigating a period of financial volatility and operational instability. The company has shown fluctuating profitability over recent quarters, with alternating periods of profit and loss, and a significant year-on-year decline in returns. Its financial profile reflects a mature but stagnant capital structure with minimal leverage and stable promoter holding, suggesting limited growth ambitions or external investor confidence.

📰 What's Happening

The company reported a sharp reversal in profitability in Q1FY27 (Jun 2026), posting near-zero operating profit and a net loss of ₹2 crore, following a loss in the prior quarter (Mar 2026). This contrasts with sequential improvements seen in Dec 2025 (₹3 crore net profit) and Sep 2025 (₹1 crore net profit), indicating inconsistent operational performance. No major strategic announcements or new orders were disclosed in the latest filing, and there has been no change in management or board composition recently. The lack of FII or DII accumulation, coupled with stable promoter stakes, suggests limited market interest or confidence in near-term recovery.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

Metric	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	24	17	27	21	19
Operating Profit	1	1	2	-1	-0
OPM %	4.6%	4.7%	7.8%	-6.9%	-0.1%
Net Profit	3	1	3	-0	2
EPS	₹10.26	₹4.44	₹11.46	₹-0.78	₹9.77

Revenue has shown volatility over the past year, peaking at ₹27 crore in Dec 2025 before declining to ₹17 crore in Sep 2025 and further to ₹19 crore in Jun 2026, with margins turning negative in the most recent quarter. Operating profitability has swung from a 7.8% OPM in Dec 2025 to a -6.9% OPM in Mar 2026, reflecting deteriorating cost control or pricing pressure. The company has not provided detailed segmental performance or operational restructuring updates in the latest filings, making it difficult to attribute the swing to specific initiatives. The absence of consistent profit generation raises concerns about sustainability despite stable asset levels.

🔮 Management Outlook & What's Next

There is no forward guidance or explicit outlook provided in the latest regulatory filing. Management has not outlined any strategic plan, growth targets, or cost-reduction measures to address the recent earnings volatility. The lack of commentary on future performance suggests either operational uncertainty or a holding pattern until external conditions improve. Without forward-looking statements, investors must rely on historical trends and balance sheet stability rather than management confidence in near-term recovery.

Extracted from official company announcements. Not StockFin.ai's opinion.

🏦 Balance Sheet (₹ Cr)

Item	Mar 2025	Mar 2025	Mar 2026	Mar 2026
Equity Capital	3	3	3	3
Reserves	66	80	83	84
Borrowings	9	11	9	8
Total Liabilities	111	137	132	130
Fixed Assets	15	15	16	25
Investments	42	39	56	50
Total Assets	111	137	132	130

The balance sheet remains stable with minimal leverage (D/E of 0.13) and consistent equity of ₹3 crore, supported by growing reserves. Total assets have slightly declined from ₹137 crore to ₹130 crore over the past year, indicating no aggressive capital investment. Borrowings remain low and unchanged, suggesting a conservative capital structure. There is no evidence of share buybacks, dividend announcements, or major asset disposals, implying capital allocation is focused on preservation rather than value creation or shareholder returns.

💰 Cash Flow Statement (₹ Cr)

Item	Mar 2025
Operating	-0
Investing	+23
Financing	-0
Net Cash Flow	+23

👥 Shareholding Pattern

Category	Q2FY26	Q3FY26	Q4FY26	Q1FY27
Promoters	73.8%	73.8%	73.8%	73.8%
FII	0.0%	0.0%	0.0%	0.0%
DII	0.1%	0.1%	0.1%	0.1%
Public	13.4%	13.3%	13.3%	13.3%
# Shareholders	2,048	1,970	1,927	1,908

Promoter holding remains unchanged at 73.76% over the last four quarters, indicating no dilution or stake sale. FII and DII holdings are negligible (0% and 0.14% respectively), with slight increases in public shareholding over time, possibly due to retail buying or index rebalancing. The lack of institutional accumulation, combined with stable promoter stakes, suggests limited external confidence or interest from large investors. The stock appears to be held by a relatively static shareholder base with little churn.

⚖️ Peer Comparison — Trading

Company	MCap (₹ Cr)	P/E	ROCE	ROE	D/E
ADANIENT	3.88 L Cr	44.4	10.9%	9.1%	1.09
PREMIERENE	46,028	27.3	50.0%	59.3%	0.67
AEGISLOG	42,841	34.2	24.6%	24.4%	0.40
REDINGTON	27,307	16.1	18.4%	14.8%	0.26
HONASA	15,413	61.8	28.3%	21.1%	0.00
504346	11,409	—	-24.9%	-47.5%	0.73
LLOYDSENT	10,901	35.5	7.0%	5.7%	0.17
SGMART	10,525	84.6	11.2%	7.8%	0.14
MMTC	9,344	20.9	42.4%	26.3%	0.00
EBGNG	7,412	52.6	31.3%	62.9%	1.92

🔗 Peer Stock Analyses

ADANIENT PREMIERENE AEGISLOG REDINGTON HONASA

⚠️ Risk Factors

1. Persistent operational volatility with alternating profits and losses over the past year, signaling weak demand or margin compression. 2. Declining profitability and negative operating margins in recent quarters, with no clear corrective action disclosed. 3. Absence of institutional investor interest or analyst coverage, limiting liquidity and market validation. 4. No forward guidance or strategic clarity from management, increasing uncertainty about future performance.

📋 Recent Filings

🧠 Analyst's Read

W H Brady & Co Ltd appears to be in a fragile financial position marked by inconsistent earnings and muted investor interest. Without a clear recovery plan or signs of operational stabilization, the company remains vulnerable to further earnings swings. Investors should monitor upcoming filings for any strategic updates or margin improvement signals before assigning confidence in a turnaround.

Based on filing content and financial data. Not a recommendation.

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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-02.

Editorial & Data Transparency Notice

This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.

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