Walchand People

Walchand PeopleFirst (formerly, Walchand Capital) was founded by Seth Walchand Hirachand in 1920. The company is mainly into talent development and consulting for performance enhancement and business skills development in partnership with Dale Carnegie & Associates. With the establishment of Dale Carnegie Training India, Walchand PeopleFirst represents the first corporate face of the Training industry in India.

On the financial front, the going has not been good for Q4FY17. Net revenue dropped 29% (YoY) at Rs.5 crore and with operating costs exceeding income, it posted a net loss at Rs.4 lakh v/s net profit of Rs.4 lakh in Q3 and profit of Rs.33 lakh in previous Q4.

This is a very people-oriented business and employee expenses were at Rs.4 crore of the total expense of Rs.6 crore.

The company ended Fy17 with a net profit at R.82 lakh  and on a tiny equity of Rs.2.90 crore, EPS is at Rs.2.82 (FV of Rs.10). Reserve is at Rs.11.50  crore.

Promoters currently hold 54.97% stake and the balance, 45.03% is held by less than 7000 shareholders. There is no FII holding.