Welspun Investments & Commercials Ltd (WELINV) share price, results, shareholding

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

Standalone, Rs crore

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	3.86	0.14	0.10	0.11	4.88	0.19	0.06	0.04	4.90	0.13	0.13	0.13
Expenses	0.07	0.07	0.18	0.07	0.06	0.11	0.09	0.24	0.33	0.29	0.31	0.28
Operating Profit	3.79	0.07	-0.08	0.04	4.82	0.08	-0.03	-0.20	4.57	-0.16	-0.18	-0.15
OPM %	98.19%	50.00%	-80.00%	36.36%	98.77%	42.11%	-50.00%	-500.00%	93.27%	-123.08%	-138.46%	-115.38%
Other Income	0.00	0.00	0.00	0.00	0.01	0.00	0.00	0.00	0.02	0.00	0.00	0.00
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit before tax	3.79	0.07	-0.08	0.04	4.83	0.08	-0.03	-0.20	4.59	-0.16	-0.18	-0.15
Tax %	24.80%	28.57%	-25.00%	50.00%	25.26%	25.00%	-133.33%	5.00%	23.97%	-18.75%	-27.78%	0.00%
Net Profit	2.86	0.05	-0.06	0.02	3.61	0.07	0.00	-0.20	3.49	-0.13	-0.13	-0.15
EPS in Rs	7.83	0.14	-0.16	0.05	9.88	0.19	0.00	-0.55	9.55	-0.36	-0.36	-0.41

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	0.74	0.86	1.37	1.79	8.30	1.37	4.22	7.65	4.13	5.26	5.22	5.29
Expenses	0.64	0.81	1.11	1.28	1.02	0.31	0.34	0.33	0.41	0.35	1.16	1.21
Operating Profit	0.10	0.05	0.26	0.51	7.28	1.06	3.88	7.32	3.72	4.91	4.06	4.08
OPM %	13.51%	5.81%	18.98%	28.49%	87.71%	77.37%	91.94%	95.69%	90.07%	93.35%	77.78%	77.13%
Other Income	0.00	0.00	0.00	0.05	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.02
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit before tax	0.10	0.05	0.26	0.56	7.28	1.06	3.88	7.32	3.72	4.91	4.06	4.10
Tax %	0.00%	0.00%	0.00%	-10.71%	-0.69%	25.47%	36.34%	25.14%	25.27%	24.64%	25.37%
Net Profit	0.10	0.05	0.26	0.61	7.33	0.79	2.47	5.48	2.78	3.70	3.03	3.08
EPS in Rs	0.27	0.14	0.71	1.67	20.06	2.16	6.76	15.00	7.61	10.12	8.29	8.42
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

	10 Years	5 Years	3 Years	TTM	1 Year	Last Year
Compounded Sales Growth	22%	31%	-12%	2%
Compounded Profit Growth	41%	31%	-18%	-11%
Stock Price CAGR	42%	49%	68%		134%
Return on Equity	1%	1%	1%			0%

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	3.65	3.65	3.65	3.65	3.65	3.65	3.65	3.65	3.65	3.65	3.65	3.65
Reserves	11.90	12.00	77.22	123.07	121.05	57.01	134.21	140.83	187.72	454.05	725.57	668.01
Borrowings	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Liabilities	0.06	0.05	0.55	0.48	0.04	0.06	0.30	0.77	3.80	35.66	90.79	81.07
Total Liabilities	15.61	15.70	81.42	127.20	124.74	60.72	138.16	145.25	195.17	493.36	820.01	752.73
Fixed Assets	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	14.49	14.49	81.29	126.99	124.45	58.90	137.84	144.83	194.62	493.11	819.82	746.97
Other Assets	1.12	1.21	0.13	0.21	0.29	1.82	0.32	0.42	0.55	0.25	0.19	5.76
Total Assets	15.61	15.70	81.42	127.20	124.74	60.72	138.16	145.25	195.17	493.36	820.01	752.73

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	-0.25	-0.10	-0.26	-0.29	-0.27	-0.26	-0.61	-1.31	-2.18	-1.30	-1.52	-2.01
Cash from Investing Activity	0.31	0.27	-0.81	0.34	0.29	0.27	0.60	1.38	2.41	1.00	1.53	7.23
Cash from Financing Activity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Cash Flow	0.06	0.16	-1.06	0.05	0.02	0.01	-0.01	0.07	0.23	-0.29	0.00	5.22
Free Cash Flow	-0.25	-0.10	-0.26	-0.29	-0.27	-0.26	-0.61	-1.31	-2.18	-1.30	-1.52	-2.01
CFO/OP	-417%	-170%	-520%	-108%	-53%	-4%	-32%	-8%	-5%	-9%	-7%	-27%

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Days	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable
Cash Conversion Cycle	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Working Capital Days	-25.17	-24.66	-21.22	-5.33	8.16	2.20	53.28	19.03	6.20	9.72	4.16	-5.59
ROCE %	0.39%	0.64%	0.10%	0.25%	0.41%	7.85%	1.07%	2.75%	4.36%	1.15%	0.83%	0.58%

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	74.58%	74.58%	74.58%	74.58%	74.58%	74.58%	74.58%	74.58%	74.34%	74.58%	74.58%	74.58%
DIIs	0.01%	0.01%	0.01%	0.01%	0.14%	0.14%	0.14%	0.14%	0.14%	0.14%	0.14%	0.11%
Public	25.41%	25.42%	25.42%	25.41%	25.28%	25.29%	25.29%	25.30%	25.53%	25.29%	25.29%	25.31%
No. of Shareholders	13,549	13,528	13,615	13,420	13,549	13,637	13,627	13,451	13,411	13,459	13,170	12,889

Fundamentals

Market Cap₹ 922 Cr.

Current Price₹ 2,435

Stock P/E299

Book Value₹ 1,838

ROCE0.58 %

ROE0.43 %

Dividend Yield0.00 %

Face Value₹ 10.0

Compounded Sales Growth (TTM)2%

Compounded Profit Growth (TTM)-11%

Standalone figures.

Valuation

Market capRs 906 Cr

Enterprise valueRs 900 Cr

P/E (TTM)294.02x

Price to book1.35x

Price to sales171.19x

EV / EBITDA219.57x

EV / EBIT219.57x

EV / sales170.18x

Earnings yield0.34%

P/E, 3-year average109.07x

P/B, 3-year average0.56x

P/E, 5-year average76.80x

P/B, 5-year average0.57x

Profitability

Operating margin (excl. other income)77.78%

Operating margin (incl. other income)77.78%

EBITDA margin77.50%

Pre-tax margin77.50%

Net profit margin58.22%

Net margin, latest quarter-115.38%

ROE0.43%

ROCE0.58%

ROA0.39%

ROE, 3-year average0.64%

ROCE, 3-year average0.85%

ROA, 3-year average0.59%

ROE, 5-year average1.39%

ROCE, 5-year average1.93%

ROA, 5-year average1.34%

ROIC (approx.)0.46%

Tax rate25.37%

Growth

Sales growth (latest year)-0.76%

Profit growth (latest year)-18.11%

Sales CAGR, 3 years-11.96%

Sales CAGR, 5 years30.67%

Profit CAGR, 3 years-17.92%

Profit CAGR, 5 years30.85%

Sales growth QoQ0.00%

Sales growth YoY (latest quarter)225.00%

Per share

EPS (TTM)Rs 8.43

EPS (latest year)Rs 8.29

EPS (latest quarter)Rs -0.41

EPS, 3-year averageRs 8.67

EPS, 5-year averageRs 9.56

Book value per shareRs 1,837.91

Sales per shareRs 14.48

Cash flow per shareRs -5.50

Free cash flow per shareRs -5.50

Efficiency

Asset turnover0.01x

Cash conversion cycle0 days

Working capital days-6 days

Leverage

Cash and bankRs 5 Cr

Net debtRs -5 Cr

Net debt / EBITDA-1.30x

Owners' fund to total sources89.23%

Cash flow

Cash from Operating Activity (latest year)Rs -2 Cr

Cash from Investing Activity (latest year)Rs 7 Cr

Net Cash Flow (latest year)Rs 5 Cr

Free cash flow (latest year)Rs -2 Cr

Cash from ops / profit, 5 years-0.48x

Statement figures

Net sales (TTM)Rs 5 Cr

Net sales (latest year)Rs 5 Cr

Sales (latest quarter)Rs 0 Cr

Operating profit excl. other income (latest year)Rs 4 Cr

Operating profit (latest quarter)Rs -0 Cr

EBITDA (TTM)Rs 4 Cr

PBDT (TTM)Rs 4 Cr

Profit before tax (TTM)Rs 4 Cr

Tax (latest year)Rs 1 Cr

Net profit (TTM)Rs 3 Cr

Net profit (latest year)Rs 3 Cr

Net profit (latest quarter)Rs -0 Cr

Cost of goods sold (latest year)Rs 0 Cr

Total expenditure (latest year)Rs 1 Cr

Total income (latest year)Rs 5 Cr

Share capitalRs 4 Cr

ReservesRs 668 Cr

Shareholders' fundsRs 672 Cr

Total assetsRs 753 Cr

InvestmentsRs 747 Cr

Other liabilitiesRs 81 Cr

Shares outstanding (crore)0.37

Ownership

Promoter holding74.58% (+0.00 in a year)

Computed by MarketFriction from the standalone statements. Returns use average balances.

P/E 294.0 is at the 98th percentile of its own 8.4-year range (median 98.8, low 10.7, high 294.5).

P/B 1.35 is at the 85th percentile (median 0.71).

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.

Period	WELINV	Nifty 50	Difference
1 week	+0.9%	-2.8%	+3.6 pts
1 month	+14.2%	-6.8%	+21.0 pts
3 months	+45.0%	-7.6%	+52.6 pts
6 months	+98.0%	+0.4%	+97.6 pts
1 year	+142.9%	-9.9%	+152.9 pts
2 years	+138.7%	-13.6%	+152.3 pts
3 years	+385.9%	+14.2%	+371.7 pts
5 years	+663.4%	+27.9%	+635.5 pts

Red flags

F-score 4 of 8

explain	Weak cash conversion Cash from operations was -51% of net profit over the last 3 years
look	On NSE surveillance On NSE surveillance: ESM

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 ₹0 Cr +225.0% vs Jun 2025. Net loss ₹0 Cr.

Activity

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No bulk or block deals on record.

Ex-date	Action	Factor
2024-09-13	Annual General Meeting
2023-08-25	Annual General Meeting
2022-08-23	Annual General Meeting
2021-09-17	Annual General Meeting
2020-09-17	Annual General Meeting
2019-06-24	Annual General Meeting
2018-06-25	Annual General Meeting
2017-06-22	Annual General Meeting
2016-06-23	Annual General Meeting
2015-06-18	Annual General Meeting
2014-09-19	Annual General Meeting
2013-08-21	Annual General Meeting
2012-09-07	Annual General Meeting
2011-09-20	Annual General Meeting

Date	Type	What it says
2026-10-01	Shareholder meeting	Voting results.
2026-09-30	Shareholder meeting	Proceedings of undefined held on September 30, 2026
2026-09-04	Shareholder meeting	Notice of Annual General Meeting to be held on September 30, 2026
2026-09-04	Record Date	Record date for the purpose of Meeting is 16-Sep-2026.
2026-09-03	Board meeting outcome	Outcome of Board Meeting held on September 03, 2026.
2026-09-01	General Updates	Completion of the acquisition of Vishwakarma Realty Private Limited
2026-09-01	General Updates	General Updates
2026-09-01	Board meeting outcome	Outcome of Board Meeting held on September 01, 2026.
2026-08-26	General Updates	General Updates
2026-08-25	Board meeting outcome	Outcome of Board Meeting held on August 25, 2026.
2026-08-04	Board meeting outcome	Welspun Investments and Commercials Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-03	Disclosure under SEBI Takeov	Welspun Group Master Trust has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Su...
2026-05-22	Appointment	Appointment of Sureka Associates as Other of the company w.e.f. April 01, 2026.
2026-05-22	Board meeting outcome	Welspun Investments and Commercials Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-02-04	Board meeting outcome	Welspun Investments and Commercials Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
2025-11-05	Board meeting outcome	Welspun Investments and Commercials Limited has submitted to the Exchange, the financial results for the period ended September 30, 2025.
2025-11-05	Board meeting outcome	Board meeting held on November 05, 2025.

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.

ESM: stage 2Less than 100 unique PAN traded in previous 30 daysScrip PE is greater than 50 (4 trailing quarters)