MarketFriction

Welspun Enterprises Ltd

NSE WELENT · BSE 532553 · Civil Construction
₹724.45 -2.46%
NSE close2026-10-01
52 week range412.00 - 841.90
Market cap₹10,302 Cr.
P/E29.1
Microcap 250 Price band 20% Delivery 45.7%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales6467078219308158961,0548457847871,199774
Expenses563581710767688739871664612633961623
Operating Profit83126111163127157183181172154239151
OPM %13%18%14%18%16%18%17%21%22%20%20%19%
Other Income442938231117171322-32321
Interest272828303450444253525353
Depreciation69991414151113131311
Profit before tax94118112148901111421411285820588
Tax %26%32%31%26%32%30%26%28%23%47%21%36%
Net Profit6980781106277105101983116356
EPS in Rs4.485.175.047.084.235.166.836.566.531.7410.453.36
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1893051,0671,7871,8081,5301,3422,7582,8743,6953,6153,544
Expenses2363379901,6081,6171,3651,1952,5112,4473,0642,8692,828
Operating Profit-47-3277179191164147247427631746716
OPM %-25%-10%7%10%11%11%11%9%15%17%21%20%
Other Income83789593112142103668160683522
Interest131033547711083119110158198210
Depreciation272124112316161328515150
Profit before tax-415116207203180152783449490532478
Tax %-116%67%40%39%25%28%17%7%29%28%26%
Net Profit1569127151130126726319354393348
EPS in Rs0.040.344.718.5610.038.668.3348.1921.3223.3025.2822.08
Dividend Payout %0%223%32%23%20%17%18%18%14%13%12%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth34%19%9%-2%
Compounded Profit Growth89%24%12%2%
Stock Price CAGR28%47%38%49%
Return on Equity10%12%13%14%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital173174147148148148149150150137137136
Reserves1,3421,2471,1111,1911,3061,4311,5361,6412,2062,1872,4032,908
Borrowings447941504605928122,2372,5267647621,4991,987
Other Liabilities1551012124018447258611,5711,9811,8471,9922,271
Total Liabilities2,1181,6161,6212,1992,8903,1164,7835,8885,1004,9326,0317,302
Fixed Assets50116911027801071031,87170289303288
CWIP215646464120641,403647797
Investments9541,1108011,1189339488048121,5587657631,650
Other Assets4472736459901,7561,9982,4733,1413,4663,8714,9565,356
Total Assets2,1181,6161,6212,1992,8903,1164,7835,8885,1004,9326,0317,302
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-10-17-24-287-116-589287345-344-273112
Cash from Investing Activity691161327-250-139-50-918-4871,197-571-877
Cash from Financing Activity-102-36-12226853106753125-204-486536426
Net Cash Flow580108181-270-202-2-156-751,338-888264-338
Free Cash Flow-153-14-22-290-211-56-739-146215-394-32479
CFO/OP1,603%41%50%-312%-23%5%25%218%171%-52%-22%35%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days157223125738323743583051
Inventory Days210168112194101
Days Payable1278344451516494575
Cash Conversion Cycle54-3061257383237-327-337-370-422
Working Capital Days-21130-12244-29-13-80-38544124
ROCE %-1%1%3%11%13%12%9%5%10%18%18%17%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters54.51%54.51%54.51%54.51%54.51%54.80%55.31%55.31%55.48%56.13%56.13%56.13%
FIIs4.47%4.57%4.55%4.69%4.71%4.58%4.16%4.17%3.98%3.76%3.47%3.92%
DIIs2.25%2.00%1.93%1.77%5.02%6.31%9.43%9.45%9.46%9.25%9.32%9.25%
Public37.32%37.48%37.62%37.63%34.37%33.07%29.87%29.84%29.86%29.68%29.04%28.68%
Others1.44%1.44%1.37%1.37%1.37%1.23%1.23%1.23%1.23%1.16%2.02%2.02%
No. of Shareholders53,28458,03558,16763,96165,44163,88657,36958,62555,81353,44751,52151,191

Fundamentals

Market Cap₹ 10,302 Cr.
Current Price₹ 744
Stock P/E29.1
Book Value₹ 220
ROCE16.7 %
ROE13.6 %
Dividend Yield0.40 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-2%
Compounded Profit Growth (TTM)2%
Consolidated figures.
Valuation
Market capRs 9,825 Cr
Enterprise valueRs 11,473 Cr
P/E (TTM)32.14x
Price to book3.23x
Price to sales2.77x
EV / EBITDA15.54x
EV / EBIT16.67x
EV / sales3.24x
Price to cash flow87.57x
Earnings yield3.11%
Dividend yield0.41%
P/E, 3-year average16.89x
P/B, 3-year average2.08x
P/E, 5-year average12.41x
P/B, 5-year average1.53x
Profitability
Operating margin (excl. other income)20.65%
Operating margin (incl. other income)21.60%
EBITDA margin20.83%
Pre-tax margin13.50%
Net profit margin8.62%
Net margin, latest quarter6.01%
ROE12.53%
ROCE16.10%
ROA5.25%
ROE, 3-year average12.80%
ROCE, 3-year average17.44%
ROA, 3-year average5.67%
ROE, 5-year average16.09%
ROCE, 5-year average16.45%
ROA, 5-year average6.50%
ROIC (approx.)10.83%
Tax rate26.18%
Other income / net worth1.13%
Growth
Sales growth (latest year)-2.16%
Profit growth (latest year)8.47%
Sales CAGR, 3 years9.44%
Sales CAGR, 5 years18.77%
Profit CAGR, 3 years-21.48%
Profit CAGR, 5 years22.09%
Sales growth QoQ-35.49%
Profit growth QoQ-67.85%
Sales growth YoY (latest quarter)-8.44%
Profit growth YoY (latest quarter)-48.74%
Per share
EPS (TTM)Rs 22.54
EPS (latest year)Rs 25.80
EPS (latest quarter)Rs 3.43
EPS, 3-year averageRs 23.67
EPS, 5-year averageRs 25.50
Book value per shareRs 224.47
Sales per shareRs 261.33
Cash flow per shareRs 8.27
Free cash flow per shareRs 5.83
Dividend per share (latest year)Rs 3.00
Dividend per share, 3-year averageRs 3.00
Dividend per share, 5-year averageRs 3.80
Dividends
Dividend payout11.63%
Dividend payout, 3-year average12.74%
Dividend payout, 5-year average14.78%
Efficiency
Asset turnover0.50x
Fixed asset turnover12.54x
Inventory turnover14.13x
Inventory days26 days
Debtor days51 days
Debtors turnover7.09x
Creditor days575 days
Cash conversion cycle-422 days
Working capital days24 days
Leverage
Total debtRs 1,987 Cr
Cash and bankRs 338 Cr
Net debtRs 1,649 Cr
Debt to equity0.65x
Net debt / EBITDA2.23x
Interest coverage3.28x
Current ratio (filing 2026-03-31)1.87x
Quick ratio (filing 2026-03-31)1.80x
Trade payables (filing 2026-03-31)Rs 988 Cr
Owners' fund to total sources41.69%
Debt to assets27.21%
Cash flow
Cash from Operating Activity (latest year)Rs 112 Cr
Cash from Investing Activity (latest year)Rs -877 Cr
Cash from Financing Activity (latest year)Rs 426 Cr
Net Cash Flow (latest year)Rs -338 Cr
Free cash flow (latest year)Rs 79 Cr
FCFE (approx.: FCF + change in debt)Rs 566 Cr
Cash from ops / profit, 5 years0.07x
Sales to cash flow32.23x
Statement figures
Net sales (TTM)Rs 3,544 Cr
Net sales (latest year)Rs 3,615 Cr
Sales (latest quarter)Rs 774 Cr
Operating profit excl. other income (latest year)Rs 746 Cr
Operating profit (latest quarter)Rs 151 Cr
Other income (TTM)Rs 22 Cr
EBITDA (TTM)Rs 738 Cr
PBDT (TTM)Rs 528 Cr
Profit before tax (TTM)Rs 478 Cr
Tax (latest year)Rs 139 Cr
Net profit (TTM)Rs 306 Cr
Net profit (latest year)Rs 350 Cr
Net profit (latest quarter)Rs 47 Cr
Depreciation (TTM)Rs 50 Cr
Depreciation (latest quarter)Rs 11 Cr
Interest (TTM)Rs 210 Cr
Cost of goods sold (latest year)Rs 2,456 Cr
Total expenditure (latest year)Rs 2,869 Cr
Total income (latest year)Rs 3,650 Cr
Share capitalRs 136 Cr
ReservesRs 2,908 Cr
Shareholders' fundsRs 3,044 Cr
Total assetsRs 7,302 Cr
Net blockRs 288 Cr
Capital work in progressRs 7 Cr
InvestmentsRs 1,650 Cr
ReceivablesRs 510 Cr
InventoryRs 174 Cr
Other liabilitiesRs 2,271 Cr
Shares outstanding (crore)13.56
Ownership
Promoter holding56.13% (+0.82 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 32.1 is at the 92th percentile of its own 8.8-year range (median 13.9, low 3.8, high 391.3).
P/B 3.23 is at the 94th percentile (median 1.26).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodWELENTNifty 50Difference
1 week-3.3%-2.8% -0.5 pts
1 month+2.7%-6.8% +9.5 pts
3 months+20.1%-7.6% +27.7 pts
6 months+74.3%+0.4% +73.8 pts
1 year+40.5%-9.9% +50.4 pts
2 years+23.7%-13.6% +37.3 pts
3 years+155.2%+14.2% +141.0 pts
5 years+568.3%+27.9% +540.4 pts
8 mutual fund schemes hold about ₹471 Cr. Over three months 1 bought more and 3 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Quant Small Cap Fund1.29%460 -13%
Motilal Oswal Nifty Microcap 250 Index Fund0.36%9 -12%
Qsif Hybrid Long-Short Fund1.07%2 +100%
Groww Nifty Total Market Index Fund0.02%0 -5%
Angel One Nifty Total Market Index Fund0.02%0 -5%
Mirae Asset Nifty Total Market Index Fund0.02%0 -11%
Bandhan Nifty Total Market Index Fund0.02%0 -5%
Motilal Oswal BSE 1000 Index Fund0.02%0 -5%

Red flags

F-score 4 of 8
explainWeak cash conversion Cash from operations was -52% of net profit over the last 3 years
explainReceivables outrunning sales Receivables grew 68% vs sales -2% in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹774 Cr -8.4% vs Jun 2025. Net profit ₹56 Cr -44.6%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-07-03Dividend - Rs 3 Per Share
2025-07-04Dividend - Rs 3 Per Share
2024-07-05Annual General Meeting/Dividend - Rs 3 Per Share
2023-06-30Annual General Meeting/Dividend - Re 1 Per Share
2023-02-13Buy Back
2023-01-11Special Dividend - Rs 7.50 Per Share
2022-06-30Dividend - Rs 1.50 Per Share
2021-08-18 Dividend - Rs 1.50 Per Share
2020-06-11 Dividend - Rs 2 Per Share
2019-07-25 Dividend - Rs 2 Per Share
2018-06-25 Dividend- Rs 1.5 Per Share
2017-09-14 Dividend- Re 0.75 Per Share
2017-02-13 Buy Back
2016-09-20 Annual General Meeting
2015-09-22 Annual General Meeting
2014-09-25Annual General Meeting
2013-09-17Annual General Meeting
2012-08-23Annual General Meeting
2011-08-17Annual General Meeting
2010-11-18Annual General Meeting / Dividend @ Re.1/- Per Share
2009-09-17Agm/Div-Re.1/- Per Share
2008-09-18Agm/Dividend - 10%
2007-09-20Agm/Final Dividend-10%
2006-12-06Agm/Final Dividend-10%
DateTypeWhat it says
2026-09-30UpdatesDisclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
2026-09-28UpdatesDisclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
2026-09-21Credit RatingCredit Rating
2026-09-20Order winReceiving of Letter of Award by Welspun Michigan Engineers Limited, Material Subsidiary of the Company
2026-09-16Concall / analyst meetSchedule of meets of Investors
2026-09-08Price movementSignificant movement in price has been observed in Welspun Enterprises Limited. The Exchange, in order to ensure that investors have latest relevant i...
2026-09-07Price movementSignificant movement in price has been observed in Welspun Enterprises Limited. The Exchange, in order to ensure that investors have latest relevant i...
2026-08-21Volume querySignificant increase in volume has been observed in Welspun Enterprises Limited. The Exchange, in order to ensure that investors have latest relevant ...
2026-08-21Volume querySignificant increase in volume has been observed in Welspun Enterprises Limited. The Exchange, in order to ensure that investors have latest relevant ...
2026-08-20Shareholder meetingVoting results.
2026-08-20Shareholder meetingProceedings of Annual General Meeting held on August 20, 2026
2026-08-11Concall / analyst meetTranscript
2026-08-05Concall / analyst meetLink of Audio Recording of the Earnings Call held for the Unaudited financial results for the quarter ended June 30, 2026
2026-08-04Investor PresentationInvestor Presentation
2026-08-04Statement of deviation(s) orStatement of deviation(s) or variation(s) under Reg. 32
2026-08-04Monitoring Agency ReportPlease find attached Monitoring Agency Report for the quarter ended June 30, 2026
2026-08-04Press ReleaseA press release on the Un-audited Financial Result for the Quarter ended on June 30, 2026
2026-08-04Board meeting outcomeWelspun Enterprises Limited has submitted to the Exchange, the financial results and press release for the quarter ended June 30, 2026.
2026-07-31Concall / analyst meetSchedule of meet
2026-07-29UpdatesBusiness Responsibility and Sustainability Report of the Company for the FY 2025-26.
2026-07-29UpdatesDisclosure under Regulation 36 of the SEBI Listing Regulations - Letter to the shareholders containing web-link of the Annual Report of the Company fo...
2026-07-29General UpdatesThe execution of Securities Subscription and Purchase Agreement ("SSPA") with BIIF Infrastructure II Private Limited to exit from operational NHAI Aun...
2026-07-29Shareholder meetingNotice of 32nd Annual General Meeting to be held on August 20, 2026
2026-07-13General UpdatesThe signing of Sub-Concession Agreement by Welspun Pune Shirur Projects Limited, a Wholly Owned Subsidiary of the Company.
2026-07-08ResignationResignation of Director/KMP/SMP
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Welspun Enterprises Ltd?

Welspun Enterprises Ltd (WELENT) has a market capitalisation of Rs 10,302 Cr. at the 2026-10-01 close.

What is the P/E ratio of Welspun Enterprises Ltd?

Welspun Enterprises Ltd trades at a P/E of 29.1 on trailing twelve-month profit, at the 2026-10-01 close.

What were Welspun Enterprises Ltd's latest quarterly results?

In the Jun 2026 quarter, Welspun Enterprises Ltd sales was Rs 774 Cr (-8.4% vs Jun 2025) and net profit was Rs 56 Cr.

What is the 52-week high and low of Welspun Enterprises Ltd?

The 52-week high is Rs 841.90 and the 52-week low is Rs 412.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03