Worth Peripherals Limited (WORTHPERI)

Capital Goods · Industrial Products · NSE · Updated 4 August 2026

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

₹152.98

🎯 Key Takeaways

Worth Peripherals Limited is transitioning from a mature industrial products business into an expansion phase, marked by strategic restructuring and entry into the wellness manufacturing sector through subsidiary commercialization. The company is actively reallocating capital via debt-to-equity conversions and related party transactions to fund growth without diluting ownership.
Revenue declined 3.1% QoQ to ₹68 in Q3FY25.
⚠️ The subsidiary’s contribution to revenue remains zero despite operational commencement, raising questions about near-term earnings accretion.

Market Cap

₹215

P/E Ratio

12.7

Div Yield

0.00%

Promoter

0.0%

✨ Ask AI About WORTHPERI 📊 Interactive Charts

📖 The Story

Worth Peripherals Limited is transitioning from a mature industrial products business into an expansion phase, marked by strategic restructuring and entry into the wellness manufacturing sector through subsidiary commercialization. The company is actively reallocating capital via debt-to-equity conversions and related party transactions to fund growth without diluting ownership. While current profitability remains modest, recent operational milestones signal intent to scale beyond legacy operations.

📰 What's Happening

In Q1 FY2026, the board approved unaudited financial results showing ₹553.11 crore PAT and ₹8,239.34 crore total income, up from ₹525.57 crore PAT in the prior quarter. A key development was the conversion of a ₹30 crore inter-corporate loan into 6 million equity shares at ₹50 per share, facilitating the acquisition of its subsidiary Worth Wellness Private Limited. Commercial production commenced at the Indore facility on August 1, 2026, as confirmed in multiple filings. The company also approved a ₹20 crore loan agreement with the subsidiary and finalized auditor reviews with no material misstatements identified. These actions reflect a deliberate capital restructuring strategy to enable growth without fresh equity issuance.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

Metric	Q4FY23	Q1FY24	Q2FY24	Q3FY24	Q4FY24	Q1FY25	Q2FY25	Q3FY25
Revenue	68	59	61	60	59	66	70	68
Operating Profit	9	7	6	6	11	7	7	8
OPM %	11.5%	9.3%	7.7%	8.7%	10.1%	9.2%	8.9%	10.5%
Net Profit	5	4	3	3	7	4	4	5
EPS	₹2.60	₹2.25	₹1.73	₹1.92	₹4.18	₹2.10	₹1.93	₹2.60

The company has demonstrated fluctuating but generally stable operating performance over the past eight quarters, with revenue peaking at ₹68 crore in Q4 FY24 and Q3 FY25, and operating margins hovering between 7.7% and 11.5%. Profitability dipped temporarily in Q2 FY24 and Q3 FY24 but recovered, with PAT rising to ₹5 crore in Q4 FY23 and ₹5.53 crore in Q1 FY26. EPS trends mirror this pattern, showing improvement from ₹1.73 in Q2 FY24 to ₹2.60 in Q3 FY25. The recent PAT increase to ₹553.11 crore in Q1 FY26 is attributed not to core operational growth but to subsidiary consolidation and financial restructuring, as revenue declined slightly from ₹8,200.45 crore YoY to ₹5,839.34 crore in the same quarter.

🔮 Management Outlook & What's Next

Management has not provided formal forward guidance on revenue or margin expectations in the latest filings, but explicitly highlighted the commencement of commercial production at the subsidiary as a pivotal next step. The board emphasized that the ₹30 crore loan conversion into equity maintains 100% ownership without fresh capital infusion, enabling capital reallocation toward operational expansion. Management also underscored confidence in the subsidiary’s long-term viability, citing auditor validation and regulatory compliance. No specific financial targets or timelines for profitability improvement were disclosed, but the focus on integration and production readiness suggests near-term execution priorities.

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

⚖️ Peer Comparison — Industrial Products

Company	MCap (₹ Cr)	P/E	ROCE	ROE	D/E
Cummins India Limited	1.49 L Cr	74.4	—	—	—
Polycab India Limited	1.38 L Cr	74.8	—	—	—
APL Apollo Tubes Limited	52,483	43.6	29.3%	22.7%	0.09
KEI Industries Limited	48,924	72.7	—	—	—
Supreme Industries Limited	44,570	43.6	—	—	—
Astral Limited	41,662	79.2	—	—	—
AIA Engineering Limited	35,987	31.0	20.4%	16.8%	0.07
Welspun Corp Limited	34,530	23.2	—	—	—
Timken India Limited	26,561	61.0	—	—	—
Kirloskar Oil Engines Limited	25,295	49.8	—	—	—

🔗 Peer Stock Analyses

CUMMINSIND POLYCAB APLAPOLLO KEI SUPREMEIND

⚠️ Risk Factors

1. The subsidiary’s contribution to revenue remains zero despite operational commencement, raising questions about near-term earnings accretion. 2. Profitability improvements are partly driven by financial restructuring rather than operational efficiency, which may not be sustainable. 3. Related party transactions, including loan conversions and acquisitions, introduce governance and valuation risks if not managed transparently. 4. The company’s historical revenue volatility and declining YoY trends in key quarters suggest underlying demand or pricing pressures in the core industrial business.

📋 Recent Filings

🧠 Analyst's Read

Worth Peripherals is in a strategic pivot phase, using financial restructuring to fund expansion into wellness manufacturing. Investors should monitor the subsidiary’s revenue ramp-up and margin trajectory over the next few quarters to assess whether operational growth can offset financial engineering benefits. The lack of formal guidance and reliance on discrete milestones warrants caution, but the capital structure remains stable without immediate dilution risks.

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

Read the full analysis

Quarterly trends, balance sheet, cash flow, peer comparison, and AI insights — sign up free to unlock.

2 free AI queries per day.

✨ Deep Dive with AI on WORTHPERI

Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-08-04.

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.

📡 Get AI alerts when WORTHPERI files new disclosures

Track WORTHPERI filings, board meetings, and corporate actions. Free email alerts at 5 PM.

Track WORTHPERI — Free

Free account · 2 AI queries/day