Wonder Electricals Limited, originally incorporated as "Wonder Fibromats Private Limited" on October 13, 2009, has evolved significantly. Its status was converted to a public limited company, "Wonder Fibromats Limited," on July 5, 2018, and subsequently, the name was changed to "Wonder Electricals Limited" on December 14, 2022.
Established in 2014, Wonder Fibromats Ltd (now Wonder Electricals Ltd) is a fully integrated end-to-end manufacturer and supplier of various types of fans, including Ceiling fans, Exhaust fans, Pedestal fans, and brushless DC (BLDC) fans. The company stands as a leading Original Design Manufacturer (ODM) and Original Equipment Manufacturer (OEM) for fans in India, supplying to over 10 top brands and actively exporting to the Gulf and neighboring countries.
The company is engaged in the design and manufacturing of solutions for both local and international consumer durable fan brands. It operates under two primary business models: OEM and ODM. Under the OEM model, Wonder Electricals provides comprehensive services, including sourcing, manufacturing, quality testing, packaging, and logistics to customers across its product verticals. In contrast, under the ODM model, it develops and designs products in-house at its research and development (R&D) center and then undertakes the manufacture and supply of these innovative products to companies in India.
Wonder Electricals operates as a comprehensive solution provider within the fan manufacturing industry. The company manufactures and supplies fans to numerous well-known companies in India, which then distribute these products under their own brands. Its product portfolio includes ceiling fans, exhaust fans, pedestal fans, and brushless DC (BLDC) fans.
All parts and components of the fans undergo stringent testing at their in-house quality management lab to ensure flawless performance. Furthermore, dedicated R&D activities are conducted by their professionals to stay abreast of the latest market requirements and competitive landscape, ensuring continuous innovation and product improvement. Operational efficiency is a key focus, as demonstrated by the significant reduction in working inventory days from 40 to 25, reflecting improved demand and supply chain management.
The company's financial performance has shown robust growth, particularly in the latest fiscal year. Wonder Electricals currently has a market capitalization of ₹2,331 crore, which has seen a substantial increase of 48.3% in the last year. The company trades on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) with the symbol "WEL" and BSE code 543449. Promoter holding stands strong at 71.8%, indicating significant confidence from the management in the business.
For the financial year ended March 31, 2025, the company reported:
* Revenue from Operations: ₹894.50 crore, marking a significant increase of 56.9% year-on-year (YoY). This growth was primarily driven by higher sales of ceiling, TPW, exhaust, and farrata fans.
* EBITDA: ₹24.63 crore, a YoY increase of 57.4%. The EBITDA Margin stood at 4.33% in FY25.
* Net Profit (PAT): ₹16.58 crore, compared to ₹10.16 crore in FY24, representing a 63.2% increase. The PAT Margin was 1.85%, an improvement of 7 basis points YoY.
* EPS (Earnings Per Share): ₹1.24.
* Return on Equity (ROE): Rose from 11.56% to 18.4%.
* Return on Capital Employed (ROCE): Increased from 12.4% to 16.1%.
For the quarter ended March 31, 2025:
* Revenue from Operations: ₹312.03 crore, registering an increase of 20.3% YoY, fueled by higher sales volume across its fan categories.
* EBITDA: ₹17.49 crore, showing a YoY increase of 28.3%. EBITDA Margins expanded by 34 basis points to 5.60%, mainly due to a higher contribution from value-added product sales.
* Net Profit: Jumped 40.74% from the same period last year to ₹9.19 crore. On a quarterly growth basis, net profits saw an impressive 80.55% jump since the previous quarter.
* Revenue (FY 2025): ₹894.50 crore
* Net Profit (FY 2025): ₹16.58 crore
* EBITDA (FY 2025): ₹24.63 crore
* EBITDA Margin (FY 2025): 4.33%
* PAT Margin (FY 2025): 1.85%
* EPS (FY 2025): ₹1.24
* Return on Equity (FY 2025): 18.4%
* Return on Capital Employed (FY 2025): 16.1%
* Market Capitalization: ₹2,331 Crore (as of recent data)
* Promoter Holding: 71.8%
The company has demonstrated its commitment to shareholders by approving a final dividend of ₹0.10 per share for the financial year ended March 31, 2025, reflecting the management's policy of sharing profits.
Wonder Electricals has outlined a robust roadmap for sustained growth in the coming years:
* Expansion in Energy-Efficient BLDC Fan Segment: A strategic focus to boost margins by catering to the growing demand for energy-efficient solutions.
* Scaling Up Plastic TPW and Ventilating Fans Segment: Enhancing presence and market share in these product categories.
* Diversification into Small Appliances: Expanding the product portfolio to include small appliances such as kettles and heaters, opening new revenue streams.
Yogesh Sahni, Promoter & Managing Director of Wonder Electricals, expressed satisfaction with the company's performance: "We are pleased to report a strong performance for the financial year ended March 31, 2025. FY25 has been a landmark year for Wonder Electricals Limited, marked by robust revenue growth, operational efficiencies, and strengthened financial metrics."
Wonder Electricals Limited is strategically positioned within the burgeoning fan manufacturing industry, leveraging its integrated OEM/ODM model, strong client relationships, and a clear focus on energy-efficient products. The company's consistent growth trajectory, improving margins, and proactive strategic expansion plans establish it as an attractive player in the consumer durables sector.
