Welspun Enterprises Ltd
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]
- Market Cap ₹ 8,164 Cr.
- Current Price ₹ 590
- High / Low ₹ 619 / 270
- Stock P/E 27.6
- Book Value ₹ 183
- Dividend Yield 0.51 %
- ROCE 15.4 %
- ROE 11.6 %
- Face Value ₹ 10.0
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 3.22 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 Allcap Nifty Total Market BSE SmallCap BSE Industrials Nifty Microcap 250
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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: | 36% |
5 Years: | 53% |
3 Years: | 86% |
1 Year: | 79% |
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% |
Documents
Announcements
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Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
5 Dec - Acquisition of 60,536 shares of Welspun Enterprises.
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Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
2 Dec - Acquisition of 1,10,964 shares of Welspun Enterprises.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
15 Nov - Of Schedule of Analyst / Institutional Investor Meetings under the SEBI (LODR) Regulations, 2015
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Announcement under Regulation 30 (LODR)-Investor Presentation
12 Nov - Welspun World holds Analyst/Investor presentation meeting.
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Announcement under Regulation 30 (LODR)-Investor Presentation
12 Nov - Investor presentation for Analyst/Institutional Investor meeting.
Annual reports
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Financial Year 2024
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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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]