Wonder Electricals Ltd(WEL)

NSE: WELBSE: 543449

₹ 69-0.56%refreshed 26 Oct, 11:31 am ISTMarket cap: ₹ 925 crWebsite: www.wonderfibromats.comUpdated: 24 Oct 2026

About

Wonder Electricals Ltd manufactures and trades ceiling, exhaust, pedestal and BLDC fans as its sole reported business segment, with heaters, ventilating fans and kettles added to the portfolio. The company had revenue from operations of ₹654.75 Cr in FY26 and installed capacity of 12 million units per annum as of Q3 FY25. It sold 86 lakh fan units in FY25 and employs 1,136 people on its rolls as at 31 March 2025.^[1][2][3][4]

Business segments

Fans - ceiling, exhaust, pedestal and BLDC - form the company's single reportable business segment; Indian Accounting Standard 108 segment disclosures are not applicable as all activity falls within this one segment.^[4]

Products

Core portfolio covers induction ceiling fans, BLDC ceiling fans, exhaust fans, pedestal fans, TPW (Three Phase Winding) plastic fans and Farrata fans.^[3][2]
Company expanded into heaters, ventilating fans and kettles as new product lines alongside the core fan portfolio.^[3][2]

Operations

Total installed capacity stood at 12 million units per annum as of Q3 FY25.^[2]
Total employees on rolls: 1,136 as at 31 March 2025, of whom 210 are permanent employees.^[4]

Key operating numbers

Total fans sold in FY25: 86 lakh units.^[3]
BLDC fan volumes grew from 1.45 lakh units in FY24 to 5.44 lakh units in FY25; Q4 FY25 BLDC volumes were 1.57 lakh units vs 0.54 lakh in Q4 FY24.^[3]
Induction fan volumes fell from 70.08 lakh units in FY24 to 48.19 lakh units in FY25, reflecting structural substitution by BLDC fans.^[3]
TPW fan volumes grew from 0.53 lakh units in FY24 to 2.11 lakh units in FY25; Q4 FY25 TPW volumes were 0.29 lakh units vs 1.15 lakh in Q4 FY24.^[3]
Working inventory days improved from 40 days in FY24 to 25 days in FY25.^[3]
ROE rose from 11.56% in FY24 to 18.4% in FY25; ROCE rose from 12.4% to 16.1% over the same period.^[3]
Net debt-to-equity rose from 0.20x in FY24 to 0.40x in FY25; debt equity ratio was 2.98x in FY25.^[3][4]

Customers and distribution

FY26 strategy focuses on expanding presence in untapped Tier-II, Tier-III and rural markets, and enhancing digital and modern trade channels.^[4]

Expansion and capex

Company is incorporating a new LLP - Integrated Motion & Control LLP or Electronic Solution LLP - with a 51% stake and ₹1 crore capital infusion to manufacture PCBs and allied electronic products for backward integration.^[2][4]
Plans include substantial capacity increases over the next few years, entry into global markets, and new products for both domestic and international markets.^[3]
FY26 focus on BLDC and premium fan categories with innovative and value-added product portfolio; motors segment expansion also targeted.^[4][3]

Recent developments

Mr. Dhruv Kumar Jha resigned as Company Secretary and Compliance Officer effective 07 October 2026; the company is identifying a replacement.^[5]
An interim dividend of ₹0.10 per equity share (face value ₹1) was paid during FY26.^[6]

Market Cap

₹925 Cr

High / Low

₹202 / 68

Stock P/E

78.1

Price / Book

8.9

Book Value

₹8

EPS

₹0.7

No. of Shares

13.4 Cr

ROCE

9.6%

ROE

8.7%

OPM

3.2%

Debt / Equity

1.06

Sales

₹655 Cr

Net Profit

₹9 Cr

Promoter holding

71.8%

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