Weizmann Limited

Consumer Cyclical — Textile Manufacturing · NSE

₹71.99+₹1.48 (+2.10%)

DalalBaazaar Score

48 / 100

🟡 Moderate

Verdict

NEUTRAL

Risk

High

Driven by high debt relative to equity, micro-cap size, which brings thin liquidity.

In simple words: Reasonable but unspectacular business quality, with modest growth. Debt is the main factor to watch.

Decision support, not a buy or sell call.

As of 18 Oct 2026, 7:49 pm

Understanding the Business

Company site ↗

The 60-second version of Weizmann Limited — what it does, how it earns, and who it competes with, before any of the numbers below.

What does this company do?

Weizmann Limited engages in the textile processing business in India and Africa. It offers cotton voiles, pracales, and african prints. The company was formerly known as Weizmann Industries Ltd and changed its name to Weizmann Limited in 1994.

IndustryTextile Manufacturing

SectorConsumer Cyclical

Annual revenue₹127 Cr

How does it make money?

Turns over ₹127 Cr a year. Of every ₹100 of sales, about ₹5 reaches shareholders as profit, with ₹12 left at the operating level before interest, tax and depreciation.

Who are its competitors?

The closest listed comparisons in its industry are MARUTI SUZUKI INDIA LTD., TITAN COMPANY LIMITED, TRENT LTD, AVENUE SUPERMARTS LIMITED. These are the companies its valuation and returns are measured against elsewhere in this report.

Compared side by side in Peers ↓

What is its competitive advantage?Little sign of one

Returns on capital of 14.6% are at or below what the capital likely costs. That is the financial pattern of a business competing largely on price, where advantage has to come from execution rather than position.

Peer median ROE25.9%

What has been driving growth?

Profit has moved mainly because margins changed, not because the business sold much more. Over 3 years revenue moved -6% while net margin moved +48% relative to itself. What this cannot tell you is which products, customers or geographies did the work — that lives in the segment disclosures of the annual report.

Revenue effect-6%

Margin effect+48%

DalalBaazaar Score

48/ 100

Moderate

Weighted across six categories. Every point is explained below.

✗ ROE of 9.0% is weak

Quality vs. Valuation

Company Quality

46/ 100

Average

How good the business is, ignoring the share price entirely.

Valuation

67/ 100

Fair

What you are being asked to pay, ignoring how good the business is.

A reasonable business at a reasonable price — neither the quality nor the valuation stands out in either direction.

Historical Valuation

Current P/E

18.2x

3Y Median

20.6x

40 monthly readings · mean 27.3x · range 11.8x–55.2x

Sector Median

69.2x

median of 4 sector peers

🟢Current valuation is approximately 12% below its 3y median of 20.6x. Cheaper than its own history, which is worth a reason too: the market may be pricing in something the backward-looking numbers do not show.

🟢Against its sector it trades 74% below the peer median of 69.2x.

vs. its own history

Fair

20.6x median over 40 months · -12%

vs. sector peers

Cheap

69.2x median of 4 peers · -74%

vs. generic bands

Fair

15x–35x

EV/EBITDA

7.9x

PEG

1.57

What's Good / What's Bad

🟢 What's Going Well2

Margins are improving
EBITDA margin is up from 9.7% to 11.6% over 3 years.
Debt is being paid down
Total debt is down 47% over 3 years.

🔴 What Needs Attention0

Nothing stands out as clearly deteriorating on the years of data available.

Red Flags

1 item require attention · 1 high

🔴High leverageFinancial
Debt/Equity of 9.44x — earnings must service borrowings before shareholders see anything.

Investment Thesis

🟢 Bull CaseWhat could make this work?

Margin expansion has further to run
EBITDA margin has risen from 9.7% to 11.6%. If that holds, profit compounds faster than sales and today's multiple looks cheaper in hindsight than it does now.
Deleveraging frees up earnings
Debt is down 47% over 3 years. Every rupee of interest not paid drops to the bottom line, so profit can grow even if revenue does not.
Cheaper than its peers
It trades 74% below the sector median. Either the market sees a problem the numbers do not show, or the discount closes.

🔴 Bear CaseWhat could go wrong?

Leverage amplifies any setback
Debt/Equity of 9.44x. Interest is payable whether or not the business has a good year.
Earnings are hard to forecast
Profit has swung sharply from year to year, so any single year — good or bad — is a weak guide to the next. Cyclical earnings deserve lower multiples for that reason.
Size brings its own risk
Micro Cap businesses are thinly traded, so exits are harder in a falling market and single events move the price more than they would for a larger company.

🟡 Key Things to WatchMeasurable tripwires, set against where this company stands today

1EBITDA margin holds above 10%✓ 11.6%
Two points below today's level — enough room for noise, tight enough to catch real compression.
2Free cash flow remains positive✓ ₹7 Cr
Profit that never becomes cash eventually stops being profit.
3Debt / EBITDA stays below 2x✓ 0.4x
The ratio lenders write covenants against; it survives a small or negative equity base, unlike Debt/Equity.
4ROCE stays above 12%✓ 14.6%
Falling returns on capital are usually competition arriving, and show up here before they reach the margin.
5Valuation vs its own median of 20.6x✓ 18.2x today
A re-rating above its own history needs a reason; without one it is just a higher price.

Investment Checklist

6 / 11 checks passed

✗ Strong return on equity (ROE ≥ 15%)
✗ Strong return on capital employed (ROCE ≥ 15%)
✗ Healthy net margin (≥ 10%)
✓ Generates positive free cash flow
✗ Manageable leverage (Debt/Equity < 1.0)
✓ Adequate short-term liquidity (Current Ratio ≥ 1.0)
✓ Revenue growing year-over-year
✓ Profit growing year-over-year
✓ Not trading at an extreme valuation (P/E < 40x)
✓ Not buying right at the 52-week high
✗ Short-term technical trend isn't bearish

Price history

Quick Metrics

3 good · 7 neutral · 1 weak

Market Cap

₹112 Cr

Micro Cap

Smaller company — thin liquidity and deep drawdowns are normal here

P/E (Trailing)

18.2x

Fair

Fairly valued against the generic band

P/B Ratio

1.69x

Fair

Moderate premium to the company's book value

EPS (TTM)

₹3.96

Profitable

Profitable on a per-share basis

ROE

9.0%

Moderate

Moderate capital efficiency

ROCE

14.6%

Moderate

Moderate return on the capital in the business

Debt/Equity

9.44x

High

High leverage

Revenue Growth (YoY)

5.8%

Modest

Modest growth

Profit Growth (YoY)

17.9%

Healthy

Profits growing at a healthy clip

Dividend Yield

0.69%

Modest

Small cash return — most of the return has to come from the price

Free Cash Flow

₹7 Cr

Cash generative

Generates cash even after funding its capex

More Metrics

Operating Margin

7.7%

Average

Average margins

Net Margin

4.8%

Average

Average bottom-line conversion

Current Ratio

1.15

Adequate

Adequate, but no real cushion

Beta (vs Nifty)

0.20

Defensive

Steadier than the market

52W Range Position

14%

Near low

Near its 52-week low

Technical Snapshot

SMA 20 / SMA 50

71.5 / 73.7

Bearish alignment (short < long)

Price vs SMA 200

Below

Long-term downtrend

RSI (14)

40.8

Neutral momentum

Financial Trend (4-Year)

Metric	FY23	FY24	FY25	FY26	3Y CAGR
Revenue	₹135 Cr	₹123 Cr	₹117 Cr	₹127 Cr	-2.1%
EBITDA	₹13 Cr	₹15 Cr	₹16 Cr	₹15 Cr	+4.0%
EBITDA Margin	9.7%	12.5%	13.2%	11.6%	—
PAT (Net Profit)	₹4 Cr	₹9 Cr	-₹4 Cr	₹6 Cr	+11.5%
EPS	₹2.49	₹5.65	₹-2.32	₹3.82	+15.3%
ROE	6.6%	12.3%	-5.9%	9.0%	—
ROCE	14.7%	16.8%	18.9%	14.6%	—
Total Debt	₹12 Cr	₹8 Cr	₹11 Cr	₹6 Cr	-18.9%
Free Cash Flow	₹7 Cr	₹5 Cr	₹8 Cr	₹7 Cr	-0.4%

🔴 Revenue has shrunk at 2.1% a year over 3 years.

🟢 EBITDA has grown at 4.0% a year over 3 years.

🟢 EBITDA Margin has risen from 9.7% to 11.6% over 3 years (+1.9 pts).

🟢 PAT (Net Profit) has grown at 11.5% a year over 3 years.

🟢 EPS has grown at 15.3% a year over 3 years.

🟢 ROE has risen from 6.6% to 9.0% over 3 years (+2.4 pts).

🟡 ROCE has held roughly flat at 14.6% over 3 years.

🟢 Total Debt has shrunk at 18.9% a year over 3 years.

🟡 Free Cash Flow has been broadly flat over 3 years (-0.4% a year).

Balance Sheet & Cash Flow — FY2026

Total Assets

₹94 Cr

Total Liabilities

₹28 Cr

Cash & Equivalents

₹2 Cr

Operating Cash Flow

₹21 Cr

Capex

-₹13 Cr

Shareholding (proxy)

Institutional Holding

0.0%

Insider Holding

87.1%

Corporate Actions

Dividend Rate

₹0.5

Ex-Dividend Date

16 Jul 2026

Peer Comparison

Company	P/E	ROE
MARUTI SUZUKI INDIA LTD.	25.2x	13.4%
TITAN COMPANY LIMITED	68.5x	36.7%
TRENT LTD	87.2x	25.9%
AVENUE SUPERMARTS LIMITED	69.9x	12.7%

Recent News

1 positive1 mixed4 general

Compare WEIZMANN. with

Equitymaster, 15 Oct

Weizmann Limited (WEIZMANIND.NS) Slips 2.87% to ₹69.40 as Shares Retreat Toward Mid-Range Support - Change of Character

https://www.siam.in/, 05 Oct

Here's What We Like About Weizmann's (NSE:WEIZMANIND) Upcoming Dividend

Simply Wall Street, 12 JulCapital return

🟢Potentially positiveCash or shares returned to holders. A buyback is only good value if the shares were cheap when bought.

Weizmann Limited (NSE:WEIZMANIND): What Does the Reg 74(5) Certificate for Q2 FY27 Mean?

Kalkine India, 12 OctResults

🟡Mixed / dependsA results event. The figures on this page update once the new statements reach the data feed, which usually lags the announcement.

Weizmann Ltd leads losers in 'B' group

Business Standard, 31 Aug

Top stocks in news: HDFC Life, SBI, ICICI Lombard, Laser Power, HDB, Adani Power, Angel One

Business Today, 16 Jul

Watch Items

Cross-check against the company's latest quarterly filing / investor presentation before acting.

DalalBaazaar Thesis

StrongFinancial Health

MiddlingBusiness Quality · Valuation

WeakGrowth · Profitability · Risk

Points for each in the Score ↑

Unremarkable in both directions

A reasonable business at a reasonable price. Nothing here is alarming and nothing is compelling, which usually means the decision rests on things this data cannot see — the industry's direction, management's intent, and what else is available to you. 1 high-severity red flag sits above this conclusion and should be read first.

All 5 tripwires holding · see Key things to watch ↑