Welspun Living Ltd
Welspun Living Limited, part of the US$ 2.7 billion Welspun Group, is one of the largest home textile manufacturers in the world. The Company offers a wide spectrum of Home & Technical textile products and Flooring solutions. The Company has established itself as a thought leader within the home textile industry over the years and continue to focus on the enablers viz. Innovation, Branding and Sustainability to consolidate its leadership position. [1]
It manufactures a wide range of home textile products ranging from towels, bath robes to sheets, tob and basic& fashion bedding. It also entered into the business of carpets flooring solutions recently. [2]
- Market Cap ₹ 14,825 Cr.
- Current Price ₹ 153
- High / Low ₹ 213 / 123
- Stock P/E 21.4
- Book Value ₹ 46.9
- Dividend Yield 0.07 %
- ROCE 16.1 %
- ROE 15.6 %
- Face Value ₹ 1.00
Pros
Cons
- Stock is trading at 3.13 times its book value
- Promoter holding has decreased over last quarter: -4.26%
- The company has delivered a poor sales growth of 8.20% over past five years.
- Company has a low return on equity of 12.1% over last 3 years.
- Company might be capitalizing the interest cost
- Dividend payout has been low at 2.95% of profits 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: Textiles Industry: Textiles - Products
Part of BSE 250 SmallCap Index Nifty Smallcap 250 Nifty MidSmallcap 400 BSE Allcap BSE 500
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
3,618 | 4,337 | 5,264 | 5,924 | 6,638 | 6,050 | 6,527 | 6,741 | 7,340 | 9,311 | 8,094 | 9,679 | 10,396 | |
3,022 | 3,416 | 3,987 | 4,325 | 5,054 | 4,926 | 5,458 | 5,526 | 5,988 | 7,950 | 7,341 | 8,310 | 8,999 | |
Operating Profit | 597 | 921 | 1,278 | 1,599 | 1,584 | 1,124 | 1,068 | 1,215 | 1,352 | 1,362 | 753 | 1,369 | 1,397 |
OPM % | 16% | 21% | 24% | 27% | 24% | 19% | 16% | 18% | 18% | 15% | 9% | 14% | 13% |
44 | 104 | 91 | 84 | -384 | 81 | -187 | 139 | 68 | 63 | 121 | 146 | 200 | |
Interest | 198 | 235 | 283 | 237 | 158 | 141 | 159 | 178 | 198 | 131 | 130 | 153 | 192 |
Depreciation | 145 | 686 | 333 | 372 | 505 | 504 | 436 | 481 | 454 | 420 | 442 | 394 | 379 |
Profit before tax | 298 | 104 | 753 | 1,074 | 536 | 560 | 287 | 694 | 769 | 873 | 302 | 967 | 1,026 |
Tax % | 25% | 19% | 28% | 30% | 32% | 29% | 21% | 24% | 28% | 30% | 33% | 30% | |
225 | 84 | 544 | 749 | 362 | 398 | 226 | 524 | 551 | 607 | 203 | 673 | 698 | |
EPS in Rs | 2.25 | 0.92 | 5.37 | 7.33 | 3.56 | 3.83 | 2.09 | 5.05 | 5.37 | 5.98 | 1.98 | 7.01 | 7.30 |
Dividend Payout % | 18% | 33% | 20% | 18% | 18% | 17% | 14% | 20% | 3% | 2% | 5% | 1% |
Compounded Sales Growth | |
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10 Years: | 8% |
5 Years: | 8% |
3 Years: | 10% |
TTM: | 19% |
Compounded Profit Growth | |
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10 Years: | 23% |
5 Years: | 13% |
3 Years: | 8% |
TTM: | 32% |
Stock Price CAGR | |
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10 Years: | 16% |
5 Years: | 23% |
3 Years: | -1% |
1 Year: | -4% |
Return on Equity | |
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10 Years: | 18% |
5 Years: | 14% |
3 Years: | 12% |
Last Year: | 16% |
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 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 99 | 99 | 97 | 96 |
Reserves | 890 | 1,009 | 1,331 | 1,870 | 2,297 | 2,505 | 2,679 | 2,872 | 3,544 | 3,873 | 3,989 | 4,419 | 4,462 |
2,028 | 3,029 | 3,085 | 3,248 | 3,311 | 3,281 | 3,310 | 3,521 | 2,940 | 3,304 | 2,462 | 2,632 | 3,164 | |
840 | 1,029 | 1,178 | 1,258 | 1,550 | 1,301 | 1,593 | 1,701 | 1,981 | 2,036 | 1,978 | 2,337 | 2,699 | |
Total Liabilities | 3,858 | 5,168 | 5,695 | 6,476 | 7,258 | 7,187 | 7,682 | 8,194 | 8,566 | 9,312 | 8,527 | 9,485 | 10,421 |
1,807 | 2,028 | 2,627 | 3,348 | 3,689 | 3,460 | 3,306 | 3,933 | 3,814 | 4,005 | 3,918 | 3,813 | 4,002 | |
CWIP | 54 | 532 | 156 | 183 | 56 | 83 | 489 | 58 | 173 | 166 | 46 | 49 | 352 |
Investments | 93 | 111 | 142 | 29 | 126 | 128 | 127 | 244 | 111 | 698 | 642 | 916 | 830 |
1,903 | 2,496 | 2,770 | 2,916 | 3,387 | 3,516 | 3,761 | 3,959 | 4,467 | 4,443 | 3,922 | 4,707 | 5,236 | |
Total Assets | 3,858 | 5,168 | 5,695 | 6,476 | 7,258 | 7,187 | 7,682 | 8,194 | 8,566 | 9,312 | 8,527 | 9,485 | 10,421 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
371 | 551 | 939 | 1,328 | 832 | 545 | 807 | 777 | 954 | 587 | 756 | 533 | |
-154 | -931 | -606 | -801 | -715 | -300 | -540 | -458 | -97 | -600 | 244 | -210 | |
-150 | 420 | -325 | -620 | -99 | -250 | -232 | -269 | -762 | -55 | -1,086 | -269 | |
Net Cash Flow | 66 | 40 | 8 | -93 | 18 | -5 | 35 | 51 | 94 | -68 | -86 | 55 |
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 | 28 | 35 | 31 | 52 | 53 | 56 | 60 | 59 | 59 | 39 | 43 | 47 |
Inventory Days | 169 | 162 | 158 | 152 | 168 | 172 | 158 | 169 | 196 | 151 | 168 | 158 |
Days Payable | 102 | 99 | 99 | 91 | 98 | 85 | 83 | 99 | 121 | 71 | 74 | 69 |
Cash Conversion Cycle | 95 | 98 | 90 | 113 | 122 | 143 | 135 | 129 | 134 | 119 | 137 | 136 |
Working Capital Days | 72 | 86 | 57 | 97 | 104 | 123 | 105 | 105 | 123 | 98 | 106 | 105 |
ROCE % | 17% | 9% | 24% | 27% | 21% | 12% | 11% | 13% | 15% | 14% | 6% | 16% |
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
10 Jan - Certificate dated January 06, 2025 received from RTA of the company confirming compliance under regulation 74 (5) of SEBI (Depositories and Participants) Regulation, 2018. Please …
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Intimation Regarding Change In The Name Of Registrar And Share Transfer Agent (''RTA'') Of The Company
2 Jan - Change of Registrar and Share Transfer Agent name.
- Closure of Trading Window 30 Dec
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
10 Dec 2024 - In compliance with the Regulation 30(6) of the SEBI (LODR) Regulations, 2015, Please find attached the schedule of Analyst / Institutional Investor Meetings that will …
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Announcement Pursuant To Regulation 30 Read With Part A Of Schedule III Of The SEBI (LODR), Regulation 2015 Regarding Scheme Of Arrangement Between Subsidiaries Of The Company.
5 Dec 2024 - Approval of amalgamation between Welspun Home Solutions and Welspun Advanced Materials.
Annual reports
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Financial Year 2012
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Financial Year 2011
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Concalls
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Business Segments
1) Home Textiles (92% in H1 FY25 vs 94% in FY22): [1] [2] The company offers bed linen, bath linen, rugs, curtains & upholstery, and advanced textiles like spunlace, wet wipes, and needle punch under its owned and licensed brands like Christy, Spaces, Welhome, Disney Home, Martha Stewart, etc. The segment revenue grew by 3% between FY22 and FY24. [3]