Welspun Enterprises Ltd - Stock Valuation and Financial Performance

BSE: 532553 | NSE: WELENT | Construction - Real Estate | Small Cap

Welspun Enterprises Share Price

303 -6.30 -2.04%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Welspun Enterprises

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Welspun Enterprises stock performance -

mw4me loader
P/E Ratio (SA):
11.77
Market Cap:
4,220.9 Cr.
52-wk low:
121.1
52-wk high:
382.7

Is Welspun Enterprises Ltd an attractive stock to invest in?

1. Is Welspun Enterprises Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Welspun Enterprises Ltd is a below average quality company.

2. Is Welspun Enterprises Ltd undervalued or overvalued?

The key valuation ratios of Welspun Enterprises Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Welspun Enterprises Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Welspun Enterprises Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Welspun Enterprises:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Welspun Enterprises Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -5.3%5.8%2.8%0.6%4.8%8.7%8.3%6.2%5.4%13.3%-
Value Creation
Index
-1.4-0.6-0.8-1.0-0.7-0.4-0.4-0.6-0.6-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2071851862929971,7391,7601,4101,3072,6762,631
Sales YoY Gr.--10.4%0.5%56.6%241.9%74.4%1.2%-19.9%-7.3%104.8%-
Adj EPS -10.132.10.24.499.57.26.220.125.9
YoY Gr.-NA-31.6%-91.3%2344.4%103.4%5.8%-23.8%-14.3%225.2%-
BVPS (₹) 106.785.684.891.798.2106.9115.5120.9125.8164.2170.4
Adj Net
Profit
-40.352.235.92.764.913314110792.7302359
Cash Flow from Ops. -37.7-33.8-3.6133-0.8-61.910433722225-
Debt/CF from Ops. -3-2.7-19.60.6-80.9-2.831.82.318.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 32.9%21.8%15%104.8%
Adj EPS NA35.5%28.6%225.2%
BVPS4.9%10.8%12.4%30.5%
Share Price 39.7% 23.3% 37.5% 141.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-8.85.52.40.24.68.78.46.1513.915.5
Op. Profit
Mgn %
-22.6-30.3-38-10.37.110.511.712118.813.4
Net Profit
Mgn %
-19.528.219.30.96.57.687.67.111.313.6
Debt to
Equity
0.30.10.10.10.10.10.20.30.30.2-
Working Cap
Days
405450425250132180238332469247204
Cash Conv.
Cycle
4416622-30-45-30-15-235104

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 15.50%

Sales growth is growing at healthy rate in last 3 years 14.99%

Net Profit is growing at healthy rate in last 3 years 28.58%

Sales growth is good in last 4 quarters at 17.76%

No data to display

Latest Financials - Welspun Enterprises Ltd.

Standalone Consolidated
TTM EPS (₹) 25.9 26.5
TTM Sales (₹ Cr.) 2,631 2,896
BVPS (₹.) 170.4 164.8
Reserves (₹ Cr.) 2,220 2,142
P/BV 1.79 1.85
PE 11.77 11.51
From the Market
52 Week Low / High (₹) 121.10 / 382.70
All Time Low / High (₹) 7.81 / 382.70
Market Cap (₹ Cr.) 4,221
Equity (₹ Cr.) 138.4
Face Value (₹) 10
Industry PE 76.7

Management X-Ray of Welspun Enterprises:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Welspun Enterprises

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales2071851862929971,7391,7601,4101,3072,676
Operating Expenses 2542472573229271,5571,5541,2411,1632,440
Manufacturing Costs7670481838121,4081,4161,0939181,778
Material Costs89751097014179664390
Employee Cost 2623282950778481109148
Other Costs 637971405155456173123
Operating Profit -47-62-71-3070182206169144237
Operating Profit Margin (%) -22.6%-33.2%-38.1%-10.3%7.1%10.5%11.7%12.0%11.0%8.8%
Other Income 338911698965553293899
Interest 131311881425455376
Depreciation 56217201119121210
Exceptional Items -34157111420000510
Profit Before Tax -66243853153232214141116760
Tax -814-510437855342347
Profit After Tax -5810434311015415910793713
PAT Margin (%) -28.2%5.5%23.1%14.8%11.0%8.8%9.1%7.6%7.1%26.6%
Adjusted EPS (₹)-14.60.62.52.97.410.410.77.26.247.6
Dividend Payout Ratio (%)0%0%0%26%20%19%19%21%24%18%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 4271,4841,4761,3511,4481,5831,7151,7991,8842,462
Share Capital 40173174147148148148149150150
Reserves 3871,3101,3021,2041,3011,4351,5671,6501,7342,312
Minority Interest0000000000
Debt9784687660164280566354181
Long Term Debt6567565246644683540
Short Term Debt3117132414158277970181
Trade Payables54182365206564287309398579
Others Liabilities 3187801671932833885108521,144
Total Liabilities 6081,6741,6481,6601,9082,5922,6713,1843,4884,367

Fixed Assets

Gross Block410376173687013557668163
Accumulated Depreciation1971997043627226384843
Net Fixed Assets2131771032586332293320
CWIP 26000010000
Investments 1511,1871,3251,1241,3501,2101,4331,5111,4632,024
Inventories6426311154886
Trade Receivables47333719114342341209312569
Cash Equivalents 1160362944411212116786470
Others Assets1542131211943918647441,2631,5471,198
Total Assets 6081,6741,6481,6601,9082,5922,6713,1843,4884,367

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -38-34-4133-1-6210433722225
PBT -3283853153232214141116760
Adjustment 60-22-59-63-55-1613632-521
Changes in Working Capital -65-2017150-59-205-49200104-159
Tax Paid -1-10-8-40-73-63-40-31-55
Cash Flow From Investing Activity 83-170145205-258-221-178-717-2661,673
Capex 5822-3-738-2-421
Net Investments 8701012592061-41590803
Others -9-17742-56-276-208-146-774-262850
Cash Flow From Financing Activity -26-32-34-165-296778207-173-243
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 03-17-2-4-3921445-4-200
Interest Paid -13-21-11-6-6-13-25-16-52-83
Dividend Paid 0000-13-27-35-30-22-135
Others -14-14-6-157-5146117-193-94174
Net Cash Flow 19-236108173-289-2164-174-2171,455
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-12.771.062.913.067.8410.149.666.125.0732.81
ROCE (%)-8.873.483.194.110.8614.9512.558.317.0431.33
Asset Turnover Ratio0.30.160.110.180.560.770.670.480.390.68
PAT to CFO Conversion(x)N/A-3.4-0.093.09-0.01-0.40.653.152.390.04
Working Capital Days
Receivable Days147796935244871717360
Inventory Days1892918100179
Payable Days271172642243,4878,108001,808385

Welspun Enterprises Ltd Stock News

Welspun Enterprises Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Welspun Enterprises on 28-Mar-2024 16:01 is ₹303.0.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Welspun Enterprises stood at ₹4,220.9.
The latest P/E ratio of Welspun Enterprises as of 28-Mar-2024 16:01 is 11.77.
The latest P/B ratio of Welspun Enterprises as of 28-Mar-2024 16:01 is 1.79.
The 52-week high of Welspun Enterprises is ₹382.7 and the 52-week low is ₹121.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Welspun Enterprises is ₹2,631 ( Cr.) .

About Welspun Enterprises Ltd

MSK Projects (India) incorporated on December 20, 1994, had started construction business in the year 1976 in the name of M S Khurana, a partnership firm.

The firm was registered as a public limited company in the name of MSK Projects (India) under section 566 of the Companies Act, 1956. The company has got certificate of commencement of business on January 27, 1995. The company entered in the field of industrial construction with prime motive of servicing reputed clients. The firm has gained various types of works such as mass housing & township, multi-storied buildings. Industrial projects for coal mines, fertilizer plants, petrochemicals, water retaining structures, and have successfully & timely executed them.

The company has been promoted by Ashok Khurana, a commerce graduate who has more than 30 years of vast experience in the field of construction. He is Managing Director of the company since January, 1995 and the main guiding force of the company. He has executed various types of projects such as mass housing & townships, multi-storied buildings, Industrial Projects for coal mines and fertilizers, overhead and underground water tanks, water retaining structures, flyover bridges etc. 

On going projects of the company

Industrial

  • Civil & Structural works for pipeline terminals for Vadinar Bina pipeline of Bina refinery Project of Bharat Oman refineries
  • Civil & Structural works for control room, substation, fire station, reservoir and pump houses, pipe sleepers, road Ph-II and associated electrical works etc. at crude oil terminal - Vadinar (Gujarat) for Bina refinery project
  • Civil, structural and underground services for coke drum system package (CDSP) for Bina refinery project
  • Civil, structural and underground services for Hydrogen Generation Unit (HGU) for Bina refinery project at Bina for BORL
  • Site Grading, peripheral / main road & drain, compound wall, security gate house and watch tower for rude Oil Terminal (COT) at Mundra
  • Civil and Structural works for all sub station and satellite rack room buildings at Bathinda (Punjab)
  • Non plant buildings (EPCC-12A package) for Panipat Naphatha Cracker Project of IOCL

Road

  • Development of Kim Mandvi road project on BOT Basis
  • Construction of inter-connecting flyover from Panipat Naphtha cracker project to existing Panipat refinery
  • Development of Bhopal & Dewas section including existing bypasses of Bhopal Dewas from 6/800 Km to 151/600 Km on SH-18 to four lane section in the State of Madhya Pradesh on BOT basis in joint venture with Chetak Enterprises & BSBK
  • Procurement of civil work under MPSRSP-II, package-7 Khandwa-Khargone (SH-26) road project (ADB Project)

Bus Terminal

  • Up-gradation, operation & maintenance of Ludhiana bus terminal on BOT Basis
  • Development of Jalandhar bus terminal on BOT basis

Water Supply

  • Dewas industrial water supply project on BOT basis
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