Business Details
Williamson Magor and Company is listed as Non Banking Financial Company (NBFC) with Reserve bank of India (RBI). It has substantial investments in the group companies like McLeod Russel India Limited, Eveready Industries India Limited, Kilburn Engineering Limited, McNally Bharat Engineering Company Limited.
You can think of it as holding Company which has share holding in above Companies.
Stock Performance
The Company has not given significant returns to share holders over the years. If you look at long term performance from year 2002 to till date then it has not given any returns. Investors have lost money in this counter.
However it had fluctuating price action over the years giving chance of enter and exit to investors. It also does not pay any dividend which is negative as majority holding companies are good dividend payers.
My Opinion
Williamson Magor and Company should be treated like Holding Company. There are many holding Companies listed on stock exchanges. Holding Companies generally trade on lower valuations but are good dividend payers.
But it has not paid any dividend. The reason may be under performance of stocks like Eveready. As mentioned above there are better holding Companies available in market for investment.
Personally I do track couple of holding companies for investment purpose. But I would suggest not to invest in this Company. For holding Company investment you must explore how well under line business is performing. If under line business is performing well then holding company will perform.