Welspun Enterprises Ltd

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

Welspun Enterprises Ltd

₹ 571 -0.82%
23 Dec - 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 ₹ 7,907 Cr.
  • Current Price ₹ 571
  • High / Low ₹ 619 / 270
  • Stock P/E 23.4
  • Book Value ₹ 176
  • Dividend Yield 0.53 %
  • ROCE 18.4 %
  • ROE 12.6 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 20.8% CAGR over last 5 years

Cons

  • Stock is trading at 3.24 times its book value
  • Company has a low return on equity of 11.2% over last 3 years.
  • Debtor days have increased from 45.0 to 54.5 days.
  • Working capital days have increased from 27.9 days to 80.3 days

* 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 SmallCap BSE Industrials BSE Allcap Nifty Microcap 250 Nifty Total Market

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
291 224 476 690 530 692 845 699 646 707 821 907 789
265 211 402 655 483 624 750 594 563 581 710 767 688
Operating Profit 26 14 74 35 48 68 95 105 83 126 111 140 100
OPM % 9% 6% 16% 5% 9% 10% 11% 15% 13% 18% 14% 15% 13%
25 24 33 49 121 381 117 51 44 29 38 46 38
Interest 20 20 22 24 27 31 37 27 27 28 28 30 34
Depreciation 4 4 4 3 3 3 4 3 6 9 9 9 14
Profit before tax 26 13 80 58 138 416 172 126 94 118 112 148 90
Tax % 15% 4% 19% 15% 4% 3% 17% 26% 26% 32% 31% 26% 32%
22 13 65 49 133 402 142 93 69 80 78 110 62
EPS in Rs 1.49 0.84 4.31 3.23 8.81 26.72 9.43 6.63 4.48 5.17 5.04 7.08 4.23
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
421 243 826 189 305 1,067 1,787 1,808 1,530 1,342 2,758 2,872 3,224
317 234 826 236 337 990 1,608 1,617 1,365 1,195 2,511 2,447 2,746
Operating Profit 105 10 -1 -47 -32 77 179 191 164 147 247 425 478
OPM % 25% 4% -0% -25% -10% 7% 10% 11% 11% 11% 9% 15% 15%
14 -2 238 83 78 95 93 112 142 103 668 162 151
Interest 47 40 138 13 10 33 54 77 110 83 119 110 121
Depreciation 68 35 88 27 21 24 11 23 16 16 13 28 41
Profit before tax 3 -68 11 -4 15 116 207 203 180 152 783 449 467
Tax % -105% -10% 94% -116% 67% 40% 39% 25% 28% 17% 7% 29%
6 -61 1 1 5 69 127 151 130 126 726 319 329
EPS in Rs 1.47 -15.25 0.17 0.04 0.34 4.71 8.56 10.03 8.66 8.33 48.19 21.32 21.52
Dividend Payout % 0% 0% 0% 0% 223% 32% 23% 20% 17% 18% 18% 14%
Compounded Sales Growth
10 Years: 28%
5 Years: 10%
3 Years: 23%
TTM: 12%
Compounded Profit Growth
10 Years: 27%
5 Years: 21%
3 Years: 32%
TTM: 6%
Stock Price CAGR
10 Years: 35%
5 Years: 52%
3 Years: 84%
1 Year: 73%
Return on Equity
10 Years: 6%
5 Years: 10%
3 Years: 11%
Last Year: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 481 419 1,342 1,247 1,111 1,191 1,306 1,431 1,536 1,641 2,206 2,187 2,301
378 325 447 94 150 460 592 812 2,237 2,526 764 762 1,217
115 78 155 101 212 401 844 725 861 1,571 1,981 1,843 1,783
Total Liabilities 1,014 861 2,118 1,616 1,621 2,199 2,890 3,116 4,783 5,888 5,100 4,929 5,437
579 535 501 169 110 27 80 107 103 1,871 70 289 320
CWIP 17 26 215 64 64 64 120 64 1,403 64 7 7 7
Investments 174 91 954 1,110 801 1,118 933 948 804 812 1,558 765 838
244 210 447 273 645 990 1,756 1,998 2,473 3,141 3,466 3,868 4,272
Total Assets 1,014 861 2,118 1,616 1,621 2,199 2,890 3,116 4,783 5,888 5,100 4,929 5,437

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
218 -11 -10 -17 -24 -287 -116 -58 9 287 345 -344
-178 88 691 161 327 -250 -139 -50 -918 -487 1,197 -45
-75 -56 -102 -36 -122 268 53 106 753 125 -204 -486
Net Cash Flow -35 21 580 108 181 -270 -202 -2 -156 -75 1,338 -876

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 77 70 15 72 23 12 57 38 32 37 43 54
Inventory Days 32 24 2 10 16 81 121
Days Payable 179 225 12 78 344 451 359
Cash Conversion Cycle -70 -131 5 4 -306 12 57 38 32 37 -327 -183
Working Capital Days -6 51 34 154 -99 9 37 27 33 -21 25 80
ROCE % 6% -0% -1% 1% 3% 11% 13% 12% 9% 5% 10% 18%

Shareholding Pattern

Numbers in percentages

2 Recently
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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