Mukul Agrawal stock jumps 5% after company to acquire wastewater treatment firm Paterson Candy InternationalMukul Agrawal stock jumps 5% after company to acquire wastewater treatment firm Paterson Candy International

Introduction:

Mukul Agrawal stock has signed a subscription agreement to acquire 55% of Paterson Candy International (SA), a leading water treatment firm in Johannesburg. This acquisition will enhance its African presence and leverage synergies with APE Pumps, strengthening its market position.

Share Price movement of WPIL:

On February 10, 2025, WPIL Ltd opened at ₹598.90, the stock hit a high of ₹636.00 rising 5% from its previous close of ₹588.60 and a low of ₹595.00. Currently, it is trading at ₹605.25, with a market cap of ₹5,911.53 crore.

WPIL New acquisition:

WPIL Limited’s South African subsidiary, WPIL SA, signed a subscription agreement on 7th February 2025 to acquire 55% shareholding in Paterson Candy International (SA), a water treatment company based in Johannesburg. PCI Africa’s FY2024 revenue was 451 million Rand.

Paterson Candy International specializes in water and wastewater treatment for municipal, utility, and industrial sectors. The company, with roots dating back to the 1870s, is a market leader in Africa, benefiting from the South African government’s initiative to improve water infrastructure, especially in the Eastern and Western Cape regions.

The acquisition will strengthen WPIL’s presence in Africa and provide synergies with APE Pumps and its turnkey pumping business. The transaction is subject to regulatory approvals and is expected to complete by Q1 FY26, with payment details confidential.

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Recent news About WPIL :

WPIL Limited’s European subsidiary, Gruppo Aturia, has acquired 100% of MISA ITALY, a leading Italian company specializing in large pumping station projects and the supply of pumps and hydro turbines. This acquisition, completed on January 7, 2025, enhances Gruppo Aturia’s capabilities in providing turnkey solutions across Europe and North Africa.

Ace investor holding of  WPIL:

Mukul Mahavir Agarwal holds 1,400,000 shares of WPIL Ltd., representing a 1.43% stake. With the current stock price of ₹605.95, his holding is valued at approximately ₹84.8 crore, reflecting a 0.10% increase from the previous quarter.

Stock performance of WPIL for Period of 1 week, 6 months and 1 year:

WPIL’s stock declined 3.57% over the past week, showing short-term weakness. However, over the last six months, it gained 34.8%, indicating steady mid-term growth. In the past year, the stock delivered an impressive 68.9% return, showcasing strong long-term performance.

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Shareholding pattern of WPIL:

Summary	Dec-24	Jun-24	Mar-24
Promoter	70.80%	70.80%	70.80%
FII	5.70%	5.80%	5.80%
DII	2.60%	2.60%	2.60%
Public	21.00%	20.80%	20.80%

About WPIL:

WPIL Ltd. is a leading manufacturer of pumps, valves, and related systems for industrial, municipal, and agricultural sectors. It specializes in water, wastewater, and fire-fighting systems, providing turnkey solutions and contributing to infrastructure development globally, with a strong focus on sustainability.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.