Welspun Enterprises Ltd

Welspun Enterp Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Welspun Enterprises Ltd

₹ 458 1.75%
22 Nov - close price
welspunenterprises.com BSE: 532553 NSE: WELENT
About

Welspun Enterprises Limited (WEL) , formerly known as Welspun Projects Ltd., is a part of the USD 2.7 billion Welspun Group. The Company operates in the infrastructure space with investments in oil & gas.

In the infrastructure space, WEL is focused on the road and water sectors. While the Company’s main focus is on Hybrid Annuity Model (HAM) projects as a developer, it also takes up value accretive projects in the BOT-Toll and EPC space. [1]

Key Points

Diversified Portfolio
The co. is an infrastructure development co. focusing on the Road, Water, and Wastewater segments. It also has investments in Oil & Gas Exploration. [1]

Website BSE NSE
  • Market Cap ₹ 6,344 Cr.
  • Current Price ₹ 458
  • High / Low ₹ 619 / 270
  • Stock P/E 21.5
  • Book Value ₹ 183
  • Dividend Yield 0.65 %
  • ROCE 15.4 %
  • ROE 11.6 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 18.3%

Cons

  • Stock is trading at 2.50 times its book value
  • Company has a low return on equity of 9.38% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Infrastructure Developers & Operators Industry: Construction

Part of BSE Industrials BSE Allcap Nifty Total Market Nifty Microcap 250 BSE SmallCap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
280 216 467 674 510 668 824 681 542 584 644 747 663
255 203 393 641 463 603 733 578 483 485 569 647 589
Operating Profit 25 13 74 33 46 66 91 103 59 99 75 99 73
OPM % 9% 6% 16% 5% 9% 10% 11% 15% 11% 17% 12% 13% 11%
8 10 10 16 16 480 97 29 29 23 22 30 25
Interest 13 13 14 16 17 20 23 9 9 7 8 9 9
Depreciation 3 3 3 2 2 2 2 2 3 3 2 2 3
Profit before tax 17 6 67 32 43 523 162 120 77 112 87 118 87
Tax % 19% -8% 22% 21% 8% 2% 15% 25% 30% 31% 26% 25% 26%
14 6 53 25 40 511 138 90 54 78 64 89 65
EPS in Rs 0.96 0.42 3.53 1.67 2.64 34.07 9.17 6.48 3.88 5.60 4.64 6.42 4.68
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
375 203 184 185 292 997 1,739 1,760 1,410 1,307 2,676 2,450 2,637
305 227 199 277 322 927 1,557 1,554 1,241 1,163 2,440 2,114 2,290
Operating Profit 70 -24 -14 -92 -30 70 182 206 169 144 237 337 347
OPM % 19% -12% -8% -50% -10% 7% 10% 12% 12% 11% 9% 14% 13%
15 -1 76 168 108 110 74 53 29 38 663 102 100
Interest 20 13 13 11 8 8 14 25 45 53 76 33 33
Depreciation 60 28 25 26 17 20 11 19 12 12 10 10 9
Profit before tax 5 -66 24 38 53 153 232 214 141 116 815 396 405
Tax % -20% -11% 57% -12% 19% 28% 34% 26% 24% 19% 6% 28%
5 -58 10 43 43 110 154 159 107 93 768 285 295
EPS in Rs 1.36 -14.56 2.54 2.47 2.94 7.44 10.38 10.73 7.22 6.24 51.21 20.60 21.34
Dividend Payout % 0% 0% 0% 0% 26% 20% 19% 19% 21% 24% 17% 14%
Compounded Sales Growth
10 Years: 28%
5 Years: 7%
3 Years: 20%
TTM: -3%
Compounded Profit Growth
10 Years: 27%
5 Years: 15%
3 Years: 38%
TTM: -3%
Stock Price CAGR
10 Years: 30%
5 Years: 42%
3 Years: 67%
1 Year: 43%
Return on Equity
10 Years: 7%
5 Years: 9%
3 Years: 9%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 40 40 173 174 147 148 148 148 149 150 150 137 137
Reserves 445 387 1,311 1,303 1,205 1,310 1,451 1,587 1,670 1,744 2,315 2,286 2,397
171 112 91 71 80 66 171 310 607 513 483 190 202
114 75 99 102 227 391 828 633 761 1,085 1,425 1,109 1,036
Total Liabilities 771 614 1,674 1,649 1,660 1,914 2,598 2,679 3,187 3,492 4,373 3,721 3,771
244 213 177 103 25 8 63 32 29 32 20 16 18
CWIP 17 26 0 0 0 0 1 0 0 0 0 0 0
Investments 237 151 1,187 1,325 1,124 1,350 1,210 1,433 1,511 1,463 2,024 1,507 1,605
273 224 310 221 510 556 1,323 1,214 1,647 1,997 2,329 2,198 2,148
Total Assets 771 614 1,674 1,649 1,660 1,914 2,598 2,679 3,187 3,492 4,373 3,721 3,771

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
185 -38 -34 -4 133 -1 -62 104 337 222 25 -106
-180 83 644 145 205 -258 -221 -168 -717 -266 1,674 -67
-41 -26 -32 -34 -165 -29 67 78 207 -173 -243 -662
Net Cash Flow -37 19 579 108 173 -288 -216 14 -174 -217 1,455 -835

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 117 84 66 74 24 42 72 71 54 87 78 93
Inventory Days 32 24 18 10 16 81 101
Days Payable 171 222 89 78 343 445 372
Cash Conversion Cycle -21 -113 -5 6 -304 42 72 71 54 87 -287 -178
Working Capital Days 82 108 221 155 -46 38 75 72 106 179 56 106
ROCE % 4% -4% 3% -2% 3% 10% 14% 12% 8% 7% 12% 15%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
53.77% 53.49% 53.52% 53.76% 53.76% 53.76% 54.53% 54.51% 54.51% 54.51% 54.51% 54.51%
2.29% 2.23% 2.21% 2.25% 2.51% 3.04% 3.73% 4.47% 4.57% 4.55% 4.69% 4.71%
3.41% 3.18% 2.37% 2.05% 2.05% 2.05% 2.54% 2.25% 2.00% 1.93% 1.77% 5.02%
40.52% 41.09% 41.91% 41.95% 41.69% 41.16% 39.20% 37.32% 37.48% 37.62% 37.63% 34.37%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.44% 1.44% 1.37% 1.37% 1.37%
No. of Shareholders 57,12157,17956,50449,92147,47360,10751,96753,28458,03558,16763,96165,441

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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