Annual reportSep 2026
Sep 2026 · Shareholders meeting 7 Sep - WOL3D India to hold 38th AGM on September 30, 2026 via VC/OAVM; annual report uploaded.
Source: Nse
Wol 3D India Ltd. (WOL3D)
SME CapIndustrials stocks · SME cap · NSE
WOL3D India Ltd. is a 3D printing solutions provider offering hardware (printers, scanners, pens, engravers), consumables (filaments, resins), and prototyping services. It operates through an omni-channel presence, including e-commerce, D2C, and 11 branch/experience centers across India, catering to B2B, B2C, B2G, and educational sectors.
Data qualityFresh enough for analysisQuote updated 21 Oct, 04:45 am ISTDetails
Quote21 Oct, 04:45 am IST
Base fundamentals06 Oct 2026 · screener
Latest result01 Jun, 08:00 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags24 Apr 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens
Trend score and candlestick chart
33Bearishfull bear SMA stack · SMA20 -2.1% / mo · MACD −
Stock trend: 21
Sector RS: 50
Sector 3M: -6.3% vs Nifty 500 -5.6%
Industrials FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
WOL3DD candles · FIT view-17.8%Latest close ₹136.00 on 2026-10-19
Bar
+2.2%
RSI
49
MACD hist
-0.10
52W pos
27%
2026-10-19O ₹133.10H ₹136.00L ₹133.10C ₹136.00Vol 2,000 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
WOL3DNifty India ManufacturingNifty 500
- WOL3D
- -3.4%
- Nifty 500
- -5.6%
- Nifty India Manufacturing
- -5.8%
- Vs Nifty 500
- +2.1 pp
Chart stats
19 Oct 2026- From 52W high
- -37.2%
- 52W range position
- 27%
- ATR (14)
- 3.2%
- Volume vs 20D
- 0.49x
- Avg traded value
- ₹0.1 Cr
- 20D price channel
- ₹130.7 - ₹144
₹216.7
₹106.7 - ₹216.7
₹4.4
Latest completed session
20-session average
50.0% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is mixed.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · FAIR VALUE54
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Pending data—
Revenue NDF · PAT NDF YoY
Technical
Bearish33
Price trend and sector-relative-strength timing.
Valuation
Legacy model+66.5%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence65
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 31 Mar 2026
Pending dataYoY comparison unavailable - result verdict pending data
Filed 31 Mar 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹56.1 Cr | NDF | +35.2% |
| EBITDA | ₹4.2 Cr | NDF | +8.9% |
| Operating margin | 7.4% | NDF | -179 bps |
| PAT | ₹2.8 Cr | NDF | -25.9% |
| PAT margin | 5.1% | NDF | -417 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 13.60
- P/B
- 2.01
- EV/EBITDA
- 10.22
- Market Cap
- 86.50Cr
Profitability
- ROE
- 16.20%
- ROCE
- 20.10%
- ROA
- 9.33%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 43.00%
- EPS 5Y
- 49.00%
- Revenue 3Y
- 61.00%
- EPS 3Y
- 38.00%
Balance Sheet
- Debt/Equity
- 0.28
- Interest Coverage
- 35.16×
- Altman Z
- 4.52
- Book Value
- 66.60
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 1/5
- OCF
- -10.84 Cr
- EPS TTM
- 10.34
Shareholding
- Promoter Hold
- 64.73%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 25%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 97.7+102.4% vs prev
Net Profit
₹ CrLatest: 6.7+19.3% vs prev
Return on Equity
%Latest: 15.5-0.6% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 49.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~2.1% over last month) — short-term momentum negative.
- RSI(14) at 49 — sideways, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 37% off 52W high · 28% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
68
RS percentile
Stage 3 Topping
1M return
+0.0%
3M return
+2.3%
6M return
+15.3%
1Y return
-2.5%
RS 1D
+5
RS 20D
+19
Sector rank
#2
Industry rank
#19
Stage evidence
- 36.4% below the 52-week closing high after prior strength.
- The 30-week proxy has stalled (+1.1% over 20 sessions).
- Price has not yet confirmed a full Stage 4 downtrend.
50-DMA
price below
200-DMA
price below
Sector
leading
Industry
leading
Relative-strength line vs Nifty 500 (base 100)
236 observations
19 Oct 2026Value 107.1+3.43%
RS vs Nifty 500107
Valuation & peers
U-Score 54 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 54 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Growth at Value
Fundamental score breakdown
U band · FAIR VALUEValuation19/30
Growth20/25
Quality9/20
Balance Sheet11/15
Cash Flow0/10
Piotroski
6/9 (+3)
Penalties
-8
Raw sum
54
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
54/100 · legacy band FAIR VALUE
Positive drivers
- Fair-value margin of safety is positive at 66.5%.
- Growth contributes 20/25 to the score.
- Balance sheet contributes 11/15 to the score.
Main drags
- Penalty bucket subtracts 8 points.
- Cash flow is weaker at 0/10; verify the latest quarterly trend.
- Quality is weaker at 9/20; verify the latest quarterly trend.
Sector valuation model
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
13.6
PB
2.0
EV/EBITDA
10.2
ROE
16.2%
ROCE
20.1%
FCF Yield
—
Debt/Equity
0.3
MoS
+66.5%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
54
Previous: 54
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
+66.5%
Previous: +66.5%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
54
54
54
54
54
54
54
54
54
55
54
54
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹124.48
-9.3% MoS
Growth-justified P/E
39.3
Growth-justified Value
₹406.36
+66.5% MoS
PEG
0.30
Comparable companies
Peers
Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
BEWLTD
SME
BEW Engineering Ltd.
Industrial Machinery
match 59
45
16.9
2.7%
+46%
WATCHLIST
PRESSTONIC
SME
Presstonic Engineering Ltd.
Industrial Machinery
match 58
38
25.8
6.5%
+41%
WATCHLIST
SCML
SME
Sharp Chucks and Machines Ltd.
Industrial Machinery
match 58
52
13.2
9.6%
+68%
FAIR VALUE
TROM
SME
Trom Industries Ltd.
Industrial Machinery
match 57
67
7.3
13.8%
+80%
UNDERVALUED
AMEYA
SME
Ameya Precision Engineers Ltd.
Industrial Machinery
match 56
50
24.3
18.0%
+40%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis under stressReviewed 2026-10-06T07:19:13.850Z
Management commentary snapshot
FY26 Revenue grew 102% YoY to Rs 977 Mn, driven by strong H2FY26 performance (120% YoY growth). EBITDA grew 23% YoY to Rs 88 Mn, and PAT grew 19% YoY to Rs 67 Mn, despite moderated margins due to strategic expansion costs.
WOL3D delivered robust top-line growth in FY26, indicating strong market demand for 3D printing solutions. However, EBITDA and PAT margins compressed significantly due to strategic front-loading of expenses for expansion. While growth engines are in place, margin recovery is crucial to validate the investment thesis.
Current business mix
Revenue Share by Product (FY26)
Latest issuer-disclosed distribution across 4 reported categories.
Hardware85.0%
Consumables14.0%
Prototyping Services1.0%
Other Services1.0%
Growth engines
Broadening Product Offerings
Launch of Vinglits, India's first 3D Printing Toy Brand, under Brahma 3D Printer Farm (200+ printers), delivering innovative, locally made toys.
Expanding Reach, Adding New Markets
Strategic MoU with Aptech for a 3D Printing & Product Design Program; launch of Vinglits on FirstCry for B2C lifestyle and consumer products.
Enabling Scalable Growth
Leveraging technology for operational efficiency through workflow digitization, CRM integration, and sales force automation; investing in talent acquisition.
Strengthening Brand Visibility
Continued focus on boosting brand awareness and customer loyalty through enhanced digital engagement and targeted marketing initiatives.
Capacity and execution
New Warehouse Facility
Launched a new warehouse facility in Bhiwandi, Maharashtra, to support rising demand, strengthen large-scale filament manufacturing, and advanced inventory management.
Brahma 3D Printer Farm Expansion
Expanding Brahma 3D printer farm from ~200 printers to an anticipated capacity of ~1,000 printers, enhancing scalability and product availability.
New Branch Office
Opened a new branch office in Kolkata, a strategic step to strengthen WOL3D’s footprint in East India and serve B2C, B2B, B2G, and educational sectors.
Tailwinds
Rising Awareness of 3D Printing
Management expects strong momentum to continue through FY27, driven by rising awareness and broader acceptance of 3D printing technology.
Global AM Market Growth
The global Additive Manufacturing market, valued at over $30 billion in 2025, is projected to reach over $80 billion by 2030.
Government Initiatives in India
India's 'National Strategy on Additive Manufacturing' aims to capture 5% of the global AM market and add $1 billion to India's GDP, supported by Atal Innovation Mission and school funding.
Headwinds
Moderated EBITDA Margins
EBITDA margins were moderated due to strategic front-loading of expenses, including higher employee costs and expansion-related investments for new product verticals.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare YOY
The presentation provides H2FY26 vs H2FY25 and FY26 vs FY25 figures, indicating a focus on annual and half-yearly comparisons, which is typical for assessing growth trends in a developing market.
Sector KPIs management disclosed
Revenue from Operations
FY26: Rs 977.0 Mn (102% YoY growth). H2FY26: Rs 560.6 Mn (120% YoY growth).
EBITDA
FY26: Rs 87.9 Mn (23% YoY growth). H2FY26: Rs 41.6 Mn (51% YoY growth).
PAT
FY26: Rs 66.6 Mn (19% YoY growth). H2FY26: Rs 28.4 Mn (6% YoY growth).
EBITDA Margin
UNDER_STRESSFY26: 9.0% (vs 14.8% in FY25). H2FY26: 7.4% (vs 10.8% in H2FY25).
Management forward view
Continued Momentum Expected
Management expects the strong momentum to continue through FY27, driven by rising awareness and broader acceptance of 3D printing technology.
Anticipated Margin Improvement
As the company scales further, management anticipates economies of scale to drive cost absorption and support margin improvement going forward.
Expansion of Experience Centres
Plans to establish new and expand existing Experience Centres across India, with the objective of having a presence in each state.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| EBITDA Margin | 9.0% (FY26) | Improvement as economies of scale drive cost absorption and expansion-related costs normalize. |
| Brahma 3D Printer Farm Capacity | ~200 printers | Progress towards the anticipated capacity of ~1,000 printers and its impact on production and services. |
| Filament Capacity Utilization | 44.5% (FY26) | Ramp-up in utilization of the 144 tonnes per annum manufacturing facility, indicating increased demand and efficiency. |
| New Experience Centres | 11 Branch Offices + 5 Franchisee Offices | Execution of plans to establish new and expand existing Experience Centres across India, aiming for presence in each state. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
65Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 45th percentile of the scored universe and 44th percentile within Industrials. Main check: cash conversion is weak at 28/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
5 docs text-extracted · 2 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
45th percentile
overall median 67 · Industrials: 44th pctile, median 68 · SME: 56th pctile, median 64
Evidence depth
Financial-only
5 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
28
weak · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
72
acceptable · capital discipline
Results
55
watch · quarterly consistency
Trust positives
- ▸Promoter holding is 64.7%.
- ▸Promoter pledge is zero.
- ▸ROCE is 20.6%.
Trust risks
- ▸Operating cash flow is negative at ₹-11 Cr.
- ▸Only 1 years of positive FCF.
- ▸ROCE trend is -12.8%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Wol 3D India Ltd.
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Annual reportSep 2026
Sep 2026 · Updates 7 Sep - Annual report for FY2025-26 submitted; 38th AGM on September 30, 2026 via VC/OAVM.
Source: Nse
Investor presentationJun 2026
Jun 2026 · PPT
Source: Nse
Concall transcriptJun 2026
Jun 2026 · Analysts/Institutional Investor Meet/Con. Call Updates 6 June 2026 - Transcript link released for June 3, 2026 investor call on H2 and FY26 audited results.
Source: Nse
Annual reportMar 2026
Mar 2026 · Annual Report 2026
Source: Nse
Investor presentationNov 2025
Nov 2025 · PPT
Source: Nse
Concall transcriptJul 2025
Jul 2025 · Transcript
Source: Nse
Investor presentationMay 2025
May 2025 · PPT
Source: Nse
Annual reportMar 2025
Mar 2025 · Annual Report 2025
Source: Nse
Investor presentationMar 2025
Mar 2025 · PPT
Source: Nse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.