MarketFriction

Welspun Living Ltd

NSE WELSPUNLIV · BSE 514162 · Other Textile Products
₹239.17 +5.21%
NSE close2026-10-01
52 week range107.10 - 233.00
Market cap₹21,277 Cr.
P/E76.5
Nifty 500Smallcap 250 Price band 20% Delivery 12.1%

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
Sales2,5092,4112,5752,5362,8732,4902,6462,2612,4412,2622,4352,795
Expenses2,1512,0722,2172,1952,5152,2092,3302,0352,2882,1022,1862,474
Operating Profit358339359342358280316225153160249321
OPM %14%14%14%13%12%11%12%10%6%7%10%11%
Other Income33434252633822915-51634
Interest344252435562574243393734
Depreciation98100969786989388101102103100
Profit before tax2592402522532801581681242414125220
Tax %23%25%48%27%28%22%21%28%38%82%15%26%
Net Profit20017913118620212313389153106163
EPS in Rs2.021.821.501.912.101.261.370.910.140.001.081.70
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales5,9246,6386,0506,5276,7417,3409,3118,0949,67910,5459,3999,934
Expenses4,3255,0544,9265,4585,5265,9887,9507,3418,3109,2468,6059,050
Operating Profit1,5991,5841,1241,0681,2151,3521,3627531,3691,299794884
OPM %27%24%19%16%18%18%15%9%14%12%8%9%
Other Income84-38481-18713968631211461524960
Interest237158141159178198131130153217161153
Depreciation372505504436481454420442394373394407
Profit before tax1,074536560287694769873302967860287384
Tax %30%32%29%21%24%28%30%33%30%25%26%
Net Profit749362398226524551607203673644213286
EPS in Rs7.333.563.832.095.055.375.981.987.016.662.132.92
Dividend Payout %18%18%17%14%20%3%2%5%1%3%5%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth5%5%5%-3%
Compounded Profit Growth-11%-17%4%-49%
Stock Price CAGR16%7%23%96%
Return on Equity13%11%11%4%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital1001001001001001001009999979696
Reserves1,3311,8702,2972,5052,6792,8723,5443,8733,9894,4194,7254,821
Borrowings3,0853,2483,3113,2813,3103,5212,9403,3042,4622,6322,7622,315
Other Liabilities1,1781,2581,5501,3011,5931,7011,9812,0361,9782,3372,6843,160
Total Liabilities5,6956,4767,2587,1877,6828,1948,5669,3128,5279,48510,26710,392
Fixed Assets2,6273,3483,6893,4603,3063,9333,8144,0053,9183,8134,0224,460
CWIP1561835683489581731664649380269
Investments14229126128127244111698642916570892
Other Assets2,7702,9163,3873,5163,7613,9594,4674,4433,9224,7075,2954,771
Total Assets5,6956,4767,2587,1877,6828,1948,5669,3128,5279,48510,26710,392
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity9391,3288325458077779545877565336881,175
Cash from Investing Activity-606-801-715-300-540-458-97-600244-21058-345
Cash from Financing Activity-325-620-99-250-232-269-762-55-1,086-269-663-975
Net Cash Flow8-9318-5355194-68-865583-146
Free Cash Flow3622731352147428753381511274-7726
CFO/OP87%98%59%60%87%77%78%55%112%47%66%160%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days315253566059593943475751
Inventory Days158152168172158184180151168158150168
Days Payable999198858310811171746977107
Cash Conversion Cycle90113122143135135128119137136130113
Working Capital Days-12143947268291442404734
ROCE %24%27%21%12%11%13%15%14%6%16%14%6%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters70.50%70.50%70.50%70.50%66.24%66.24%66.24%66.24%66.24%66.24%66.24%66.36%
FIIs6.33%7.25%7.14%5.88%7.08%5.90%5.35%4.75%4.97%5.03%4.99%5.21%
DIIs5.89%5.35%5.44%5.49%7.67%8.31%8.93%9.24%8.58%10.43%11.18%11.38%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.01%0.01%0.01%0.01%
Public16.27%15.90%15.92%17.11%18.00%18.53%18.46%19.39%19.84%17.93%17.22%16.69%
Others1.01%1.01%1.01%1.01%1.02%1.02%1.02%0.36%0.36%0.36%0.35%0.35%
No. of Shareholders1,76,4761,75,8161,83,3001,89,2832,13,5872,39,3582,42,8912,60,5162,73,9182,48,9622,43,2222,23,860

Fundamentals

Market Cap₹ 21,277 Cr.
Current Price₹ 225
Stock P/E76.5
Book Value₹ 51.3
ROCE6.26 %
ROE4.48 %
Dividend Yield0.04 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)-3%
Compounded Profit Growth (TTM)-49%
Consolidated figures.
Valuation
Market capRs 22,940 Cr
Enterprise valueRs 25,108 Cr
P/E (TTM)82.63x
Price to book4.67x
Price to sales2.31x
EV / EBITDA26.60x
EV / EBIT46.74x
EV / sales2.53x
Price to cash flow19.52x
Earnings yield1.21%
Dividend yield0.04%
P/E, 3-year average30.24x
P/B, 3-year average2.59x
P/E, 5-year average27.46x
P/B, 5-year average2.31x
Profitability
Operating margin (excl. other income)8.45%
Operating margin (incl. other income)8.97%
EBITDA margin9.50%
Pre-tax margin3.86%
Net profit margin2.79%
Net margin, latest quarter5.75%
ROE4.20%
ROCE6.06%
ROA1.98%
ROE, 3-year average11.24%
ROCE, 3-year average12.35%
ROA, 3-year average5.34%
ROE, 5-year average10.89%
ROCE, 5-year average11.56%
ROA, 5-year average4.99%
ROIC (approx.)5.62%
Tax rate25.94%
Other income / net worth1.00%
Growth
Sales growth (latest year)-10.87%
Profit growth (latest year)-68.01%
Sales CAGR, 3 years5.11%
Sales CAGR, 5 years5.07%
Profit CAGR, 3 years0.93%
Profit CAGR, 5 years-17.65%
Sales growth QoQ14.78%
Profit growth QoQ55.00%
Sales growth YoY (latest quarter)23.66%
Profit growth YoY (latest quarter)83.59%
Per share
EPS (TTM)Rs 2.89
EPS (latest year)Rs 2.13
EPS (latest quarter)Rs 1.68
EPS, 3-year averageRs 5.27
EPS, 5-year averageRs 4.78
Book value per shareRs 51.27
Sales per shareRs 103.57
Cash flow per shareRs 12.25
Free cash flow per shareRs 7.57
Dividend per share (latest year)Rs 0.10
Dividend per share, 3-year averageRs 0.12
Dividend per share, 5-year averageRs 0.12
Dividends
Dividend payout4.69%
Dividend payout, 3-year average2.89%
Dividend payout, 5-year average3.22%
Efficiency
Asset turnover0.90x
Fixed asset turnover2.11x
Inventory turnover2.90x
Inventory days126 days
Debtor days51 days
Debtors turnover7.16x
Creditor days107 days
Cash conversion cycle113 days
Working capital days34 days
Leverage
Total debtRs 2,315 Cr
Cash and bankRs 147 Cr
Net debtRs 2,168 Cr
Debt to equity0.47x
Net debt / EBITDA2.30x
Interest coverage3.50x
Current ratio (filing 2026-03-31)1.58x
Quick ratio (filing 2026-03-31)0.92x
Trade payables (filing 2026-03-31)Rs 1,377 Cr
Owners' fund to total sources47.32%
Debt to assets22.27%
Cash flow
Cash from Operating Activity (latest year)Rs 1,175 Cr
Cash from Investing Activity (latest year)Rs -345 Cr
Cash from Financing Activity (latest year)Rs -975 Cr
Net Cash Flow (latest year)Rs -146 Cr
Free cash flow (latest year)Rs 726 Cr
FCFE (approx.: FCF + change in debt)Rs 279 Cr
Cash from ops / profit, 5 years1.60x
Sales to cash flow8.00x
Statement figures
Net sales (TTM)Rs 9,934 Cr
Net sales (latest year)Rs 9,399 Cr
Sales (latest quarter)Rs 2,795 Cr
Operating profit excl. other income (latest year)Rs 794 Cr
Operating profit (latest quarter)Rs 321 Cr
Other income (TTM)Rs 60 Cr
EBITDA (TTM)Rs 944 Cr
PBDT (TTM)Rs 790 Cr
Profit before tax (TTM)Rs 384 Cr
Tax (latest year)Rs 75 Cr
Net profit (TTM)Rs 278 Cr
Net profit (latest year)Rs 204 Cr
Net profit (latest quarter)Rs 161 Cr
Depreciation (TTM)Rs 407 Cr
Depreciation (latest quarter)Rs 100 Cr
Interest (TTM)Rs 153 Cr
Cost of goods sold (latest year)Rs 6,305 Cr
Total expenditure (latest year)Rs 8,605 Cr
Total income (latest year)Rs 9,448 Cr
Share capitalRs 96 Cr
ReservesRs 4,821 Cr
Shareholders' fundsRs 4,917 Cr
Total assetsRs 10,392 Cr
Net blockRs 4,460 Cr
Capital work in progressRs 269 Cr
InvestmentsRs 892 Cr
ReceivablesRs 1,312 Cr
InventoryRs 2,171 Cr
Other liabilitiesRs 3,160 Cr
Shares outstanding (crore)95.92
Ownership
Promoter holding66.36% (+0.12 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 82.6 is at the 99th percentile of its own 9.4-year range (median 19.2, low 7.0, high 82.6).
P/B 4.67 is at the 99th percentile (median 2.51).
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.
PeriodWELSPUNLIVNifty 50Difference
1 week+7.6%-2.8% +10.4 pts
1 month+20.5%-6.8% +27.3 pts
3 months+39.9%-7.6% +47.5 pts
6 months+120.8%+0.4% +120.4 pts
1 year+99.6%-9.9% +109.5 pts
2 years+37.7%-13.6% +51.3 pts
3 years+96.9%+14.2% +82.8 pts
5 years+46.7%+27.9% +18.8 pts
38 mutual fund schemes hold about ₹1,142 Cr. Over three months 4 bought more and 33 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Quant Small Cap Fund0.97%345 +4%
HSBC Small Cap Fund1.66%316 -17%
HSBC Value Fund1.38%212 -15%
Aditya Birla SL Midcap Fund1.03%72 -16%
Aditya Birla SL Midcap Fund1.03%70 -16%
Quant ELSS Tax Saver Fund0.47%64 -14%
JioBlackRock Flexi Cap Fund1.04%34 +100%
Nippon India Nifty Smallcap 250 Index Fund0.28%10 -15%
SBI Nifty Smallcap 250 Index Fund0.28%5 -15%
Motilal Oswal Nifty Smallcap 250 Index Fund0.28%4 -15%
ICICI Pru Nifty Smallcap 250 Index Fund0.28%2 -15%
HDFC NIFTY Smallcap 250 Index Fund0.28%2 -15%
Nippon India Nifty 500 Equal Weight Index Fund0.24%1 -10%
JioBlackRock Nifty Smallcap 250 Index Fund0.28%1 -15%
Motilal Oswal Nifty 500 Index Fund0.03%1 -15%
Edelweiss Nifty Smallcap 250 Index Fund0.28%1 -15%
Groww Nifty Smallcap 250 Index Fund0.28%0 -15%
HDFC Nifty500 Multicap 50:25:25 Index Fund0.07%0 -14%
Bandhan Nifty Smallcap 250 Index Fund0.28%0 -15%
Kotak Nifty Smallcap 250 Index Fund0.28%0 -15%
SBI Nifty 500 Index Fund0.03%0 -15%
Navi Nifty Smallcap250 Momentum Quality 100 Index Fund0.49%0 +9%
Groww Nifty Total Market Index Fund0.03%0 -14%
Axis Nifty 500 Index Fund0.03%0 -15%
HDFC BSE 500 Index Fund0.03%0 -18%

Red flags

F-score 5 of 8
No red flags in the latest statements and filings.
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.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2026-09-23Mr. Balkrishan Goenka, Trustee, WePromoter groupsell24,471,102SAST Others
2025-08-07Viswanathan Hariharan KollengodeOthersell150,000Rs 1.71 CrMarket Sale
2025-06-03Welspun India Employees Welfare TrOthersell1,768,000Rs 23.49 CrMarket Sale
2025-06-03Welspun India Employees Welfare TrOthersell4,500,000Rs 59.79 CrMarket Sale
2024-08-29Aryabhat Vyapar Private LimitedPromoter Groupother3,918,294Rs 81.25 CrOthers
2024-08-29Balkrishan Goenka, Trustee of WelsPromotersother38,081,706Rs 781.47 CrOthers
2024-08-23Balkrishan Goenka, Trustee of WelsPromotersother7,727,451Rs 170.00 CrOthers
2024-08-23Dipali Balkrishan GoenkaPromotersother8,573Rs 0.19 CrOthers
2024-08-23Radhika Goenka AgarwalPromoter Groupother22,951Rs 0.50 CrOthers
2024-08-23Aryabhat Vyapar Private LimitedPromoter Groupother61,976Rs 1.36 CrOthers
2023-05-29Welspun India LimitedPromoter Groupother10,018,016Rs 120.22 CrOthers
2023-02-16Welspun India Employees Welfare TrOtherbuy139,220Rs 0.98 CrMarket Purchase
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹2,795 Cr +23.6% vs Jun 2025. Net profit ₹163 Cr +83.1%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-07-10Dividend - Re 0.10 Per Share
2026-05-22Buy Back
2025-06-27Dividend - Rs 1.7 Per Share
2024-08-05Buy Back
2024-06-26Annual General Meeting/Dividend - Re 0.10 Per Share
2023-06-27Annual General Meeting/Dividend - Rs 0.10 Per Share
2023-05-10Buy Back
2022-06-23Annual General Meeting/Dividend - Rs 0.15 Per Share
2021-07-27 Annual General Meeting
2021-05-24 Dividend - Rs 0.15 Per Share
2021-05-24 Buy Back
2020-09-15 Annual General Meeting
2020-03-17 Interim Dividend - Re 1 Per Share
2019-07-11 Annual General Meeting/Dividend Rs 0.30 Per Share
2018-06-25 Annual General Meeting / Dividend- Re 0.65 Per Share
2017-06-22 Annual General Meeting/Dividend - Re 0.65 Per Share
2016-06-23 Annual General Meeting/ Dividend - Re 0.05/- Per Share
2016-03-21 Interim Div - Rs 6/- Per Share + Face Value Split (Sub-Division) - From Rs 10/- Per Share To Re 1/- Per Share 0.1000
2015-10-30 Interim Dividend - Rs 6.50/- Per Share
2015-06-18Final Dividend - Rs 7.50/- Per Share
2014-11-17Interim Dividend - Rs 3/- Per Share
2014-06-19Annual General Meeting / Dividend - Rs 3/- Per Share
2013-09-19Annual General Meeting And Dividend Rs.2/- Per Share
2012-12-24Annual General Meeting
2012-11-22Interim Dividend Rs.2/- Per Share
2011-08-22Annual General Meeting
2010-06-24Annual General Meeting And Dividend Re.1/- Per Share
2009-09-16Annual General Meeting
2009-06-19Scheme Of Arrangement
2008-09-18Annual General Meeting
2007-09-20Agm
2006-09-20Agm
DateTypeWhat it says
2026-09-25Shareholder meetingWelspun Living Limited has submitted the Exchange a copy of Voting Results of the 41st Annual General Meeting along with the Scrutinizer s Report.
2026-09-25Shareholder meetingProceedings of Annual General Meeting held on September 24, 2026
2026-09-23Concall / analyst meetSchedule of meet
2026-09-16Credit Rating- RevisionCredit Rating- Revision
2026-09-04General UpdatesDisclosure pursuant to Regulation 36 of SEBI Listing Regulations regarding Letter to the shareholders containing web-link of Annual Report & Notice of...
2026-09-02General UpdatesBusiness Responsibility and Sustainability Report (BRSR)
2026-09-02Shareholder meetingNotice of Annual General Meeting to be held on September 24, 2026
2026-08-31General UpdatesUpdate on acquisition of 26% equity stake in Clean Max Dhyuthi Private Limited.
2026-08-28Shareholder meetingResult of Postal Ballot e-voting along with Scrutinizers report.
2026-08-27Strikes/Lockouts/DisturbanceStrikes/lockouts/disturbances
2026-08-26Concall / analyst meetSchedule of meet
2026-08-17Concall / analyst meetTranscript
2026-08-13Concall / analyst meetLink of Recording
2026-08-13Investor PresentationInvestor Presentation
2026-08-13Board meeting outcomeWelspun Living Limited has submitted to the Exchange Unaudited Financial Results of the Company for quarter ended June 30, 2026.
2026-08-06Concall / analyst meetSchedule of meet
2026-07-31General UpdatesTransfer of stake of Welspun Captive Power Generation Limited to Welspun Corp Limited.
2026-07-27Shareholder meetingNotice of Postal Ballot
2026-07-24General UpdatesTransfer of stake of Welspun Captive Power Generation Limited (WCPGL) to Welspun Corp Limited (WCL)
2026-07-24Board meeting outcomeOutcome of Board Meeting held on July 24, 2026.
2026-07-24Strikes/Lockouts/DisturbanceStrikes/lockouts/disturbances
2026-07-03Disclosure under SEBI TakeovWelspun 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...
2026-06-19BuybackCertificate of Extinguishment of Equity Shares pursuant to Buyback
2026-06-16General UpdatesFull commencement of commercial production in the pillow manufacturing unit at Nevada, USA
2026-06-12Post Buyback Public AnnouncePost Buyback Public Announcement
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.
Order dateForumCase
2020-07-31NCLTWelspun Steel Ltd. Vs Kalisma Steel Pvt. Ltd.
2019-02-15NCLTWelspun Energy Chattisgarh Pvt Ltd Vs N/A
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Close to Close price movement greater than 100perc in previous 365 daysClose to Close price movement greater than 75perc in previous 6 monthsHigh low price variation greater than 100perc in previous 6 monthsScrip PE is greater than 50 (4 trailing quarters)
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03