Key Metrics 
Check Before You Invest 
10 Yrs X-Ray 
Valuation 
Analyst Note 
Qtr. Results 
Financials 
News 
About
Welspun Enterprises Ltd (WELENT)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532553 NSE: WELENT Engineering - Construction | Small Cap | Welspun Enterprises Share Price
₹825.80 47.10 (6.05%)
As on 18-Sep'26 16:59
Welspun Enterprises Ltd (WELENT)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532553 NSE: WELENT Engineering - Construction | Small Cap | Welspun Enterprises Share Price
₹825.80 47.10 (6.05%)
As on 18-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹11,430 Cr.
Current Price
₹825.8
52-Week Low / High
₹391 / 838
TTM EPS
₹22.1
TTM Sales
₹3,544 Cr.
Book Value per Share
₹208.4
P/E Ratio
37.40
Higher than its 5-year historical median
Industry PE
24.2
Price to Book (P/B)
3.96
Higher than its 5-year historical median
Price to Sales (P/S)
3.23
Higher than its 5-year historical median
EV/EBITDA
15.89
Higher than its 5-year historical median
Dividend Yield
0.36%
Profitability Efficiency
Return on Equity (ROE)
15.23%
Outperforms industry median
Return on Capital Employed (ROCE)
16.44%
Outperforms industry median
Return on Assets (ROA)
6.09%
Operating Profit Margin
20.8%
Net Profit Margin
11.23%
Gross Profit Margin
17.9%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-8.22%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
18.18%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
5.87%
Asset Quality
Promoter Holding
56.13%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹2,746 Cr.
Equity
₹138.4 Cr.
Face Value
₹10
All Time Low / High
₹7.81 / 824.80
Check Before You Invest
Quality
Not GoodValuation
OvervaluedCheck Valuation charts
Price Trend
Strong
Is Welspun Enterprises Ltd a good quality company?
Welspun Enterprises Ltd is a weak quality company, based on a inconsistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Welspun Enterprises Ltd performance compare with that of its Peers?
Revenue growth of Welspun Enterprises Ltd vs industry peers?
Welspun Enterprises Ltd revenue CAGR is 18.77%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Welspun Enterprises Ltd?
Promoters hold 56.13% of the Welspun Enterprises Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Welspun Enterprises Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 29.3% based on the current price.
10 Year X-Ray :
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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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 ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 4.1% | 10.9% | 15% | 12.6% | 8.3% | 7% | 33.4% | 15.5% | 16.3% | 15% | - |
| Value Creation Index ⓘ | -0.7 | -0.2 | 0.1 | -0.1 | -0.4 | -0.5 | 1.4 | 0.1 | 0.2 | 0.1 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 292 | 997 | 1,739 | 1,760 | 1,410 | 1,307 | 2,676 | 2,450 | 2,827 | 2,595 | 2,535 |
| Sales YoY Gr. | - | 241.9% | 74.4% | 1.2% | -19.9% | -7.3% | 104.8% | -8.4% | 15.4% | -8.2% | - |
| Adj EPS ⓘ | 0.6 | 5.1 | 9 | 9.5 | 7.2 | 6.2 | 25.7 | 20.8 | 23.8 | 22.7 | 20.4 |
| YoY Gr. | - | 741.7% | 77.2% | 5.8% | -23.8% | -14.3% | 315.7% | -19.1% | 14.2% | -4.3% | - |
| BVPS (₹) ⓘ | 91.7 | 98.2 | 106.9 | 115.5 | 120.9 | 125.8 | 164.1 | 177.4 | 196.7 | 213.8 | 214 |
| Adj Net Profit ⓘ | 8.9 | 74.5 | 133 | 141 | 107 | 92.7 | 386 | 284 | 325 | 308 | 282 |
| Cash Flow from Ops. ⓘ | 133 | -0.8 | -61.9 | 104 | 337 | 222 | 25 | -106 | 274 | 354 | - |
| Debt/CF from Ops. ⓘ | 0.6 | -80.9 | -2.8 | 3 | 1.8 | 2.3 | 19 | -1.7 | 0.7 | 0.6 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 27.5% | 13% | -1% | -8.2% | ||||
| Adj EPS ⓘ | 49.8% | 25.8% | -4.1% | -4.3% | ||||
| BVPSⓘ | 9.9% | 12.1% | 9.2% | 8.7% | ||||
| Share Price | 29.3% | 52.7% | 42.3% | 47.8% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 0.6 | 5.3 | 8.7 | 8.4 | 6.1 | 5 | 17.7 | 11.6 | 12.7 | 10.6 | 9.5 |
| Op. Profit Mgn % ⓘ | -10.3 | 7.1 | 10.5 | 11.7 | 12 | 11 | 8.8 | 13.7 | 12.3 | 14.6 | 13.8 |
| Net Profit Mgn % ⓘ | 3 | 7.5 | 7.6 | 8 | 7.6 | 7.1 | 14.4 | 11.6 | 11.5 | 11.9 | 11.1 |
| Debt to Equity ⓘ | 0.1 | 0.1 | 0.1 | 0.2 | 0.3 | 0.3 | 0.2 | 0.1 | 0.1 | 0.1 | - |
| Working Cap Days ⓘ | 250 | 132 | 180 | 238 | 332 | 469 | 247 | 253 | 269 | 373 | 218 |
| Cash Conv. Cycle ⓘ | 2 | -30 | -45 | -30 | -15 | -23 | 13 | 18 | 5 | -8 | 109 |
Valuation of Welspun Enterprises - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 305 | 1,067 | 1,787 | 1,808 | 1,530 | 1,342 | 2,758 | 2,874 | 3,695 | 3,615 |
| Operating Expenses ⓘ + | 335 | 987 | 1,593 | 1,598 | 1,358 | 1,192 | 2,511 | 2,448 | 3,062 | 2,867 |
| Operating Profit ⓘ | -30 | 80 | 193 | 210 | 171 | 150 | 248 | 426 | 633 | 748 |
| Operating Profit Margin (%) | -9.7% | 7.5% | 10.8% | 11.6% | 11.2% | 11.2% | 9.0% | 14.8% | 17.1% | 20.7% |
| Other Income ⓘ + | 101 | 115 | 74 | 112 | 142 | 57 | 143 | 191 | 97 | 97 |
| Interest ⓘ | 10 | 33 | 54 | 77 | 110 | 83 | 119 | 110 | 158 | 198 |
| Depreciation ⓘ | 21 | 24 | 11 | 23 | 16 | 16 | 13 | 28 | 51 | 51 |
| Profit Before Tax ⓘ | 15 | 116 | 207 | 203 | 180 | 105 | 741 | 479 | 520 | 545 |
| Tax ⓘ | 10 | 46 | 80 | 52 | 50 | 26 | 57 | 130 | 136 | 139 |
| Profit After Tax | 5 | 69 | 127 | 151 | 130 | 80 | 684 | 349 | 384 | 406 |
| PAT Margin (%) | 1.6% | 6.5% | 7.1% | 8.4% | 8.5% | 5.9% | 24.8% | 12.1% | 10.4% | 11.2% |
| Adjusted EPS (₹) | 0.3 | 4.7 | 8.6 | 10.0 | 8.7 | 8.3 | 48.2 | 21.6 | 23.6 | 25.8 |
| Dividend Payout Ratio (%) | 222.70% | 31.90% | 23.40% | 19.90% | 17.30% | 18% | 17.60% | 13.90% | 12.70% | 11.60% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 1,258 | 1,330 | 1,437 | 1,559 | 1,665 | 1,781 | 2,353 | 2,322 | 2,540 | 2,792 | |
| Debt + | 144 | 429 | 562 | 754 | 2,141 | 2,303 | 459 | 739 | 1,463 | 1,926 | |
| Minority Interest | 0 | 0 | 0 | 0 | 1 | 3 | 6 | 167 | 169 | 217 | |
| Trade Payables | 66 | 215 | 574 | 282 | 329 | 408 | 482 | 666 | 858 | 988 | |
| Others Liabilities ⓘ | 153 | 218 | 312 | 505 | 646 | 1,393 | 1,801 | 1,038 | 1,001 | 1,379 | |
| Total Liabilities ⓘ | 1,621 | 2,192 | 2,885 | 3,101 | 4,783 | 5,888 | 5,100 | 4,932 | 6,031 | 7,302 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 110 | 27 | 80 | 107 | 103 | 1,871 | 70 | 289 | 303 | 288 | |
| CWIP ⓘ | 64 | 64 | 120 | 64 | 1,403 | 64 | 7 | 7 | 9 | 7 | |
| Investments ⓘ | 801 | 1,118 | 933 | 948 | 804 | 812 | 1,558 | 765 | 763 | 1,650 | |
| Inventories | 3 | 1 | 1 | 1 | 5 | 48 | 86 | 157 | 163 | 174 | |
| Trade Receivables | 19 | 34 | 281 | 187 | 135 | 138 | 326 | 456 | 303 | 510 | |
| Cash Equivalents | 307 | 78 | 150 | 149 | 214 | 277 | 542 | 481 | 643 | 338 | |
| Others Assets ⓘ | 317 | 871 | 1,320 | 1,646 | 2,119 | 2,678 | 2,512 | 2,778 | 3,848 | 4,335 | |
| Total Assets ⓘ | 1,621 | 2,192 | 2,885 | 3,101 | 4,783 | 5,888 | 5,100 | 4,932 | 6,031 | 7,302 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | -24 | -287 | -116 | -58 | 9 | 287 | 345 | -344 | -273 | 112 |
| Cash Flow From Investing Activity ⓘ + | 327 | -250 | -139 | -62 | -918 | -487 | 1,289 | -64 | 1 | -877 |
| Cash Flow From Financing Activity ⓘ + | -122 | 268 | 53 | 106 | 753 | 125 | -204 | -486 | 536 | 426 |
| Net Cash Flow ⓘ | 181 | -270 | -202 | -14 | -156 | -75 | 1,430 | -895 | 264 | -338 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 0.37 | 5.37 | 9.16 | 10.09 | 8.08 | 4.63 | 33.11 | 14.92 | 15.78 | 15.23 |
| ROCE (%) | 1.73 | 9.29 | 13.56 | 12.63 | 9.2 | 4.58 | 23.2 | 19.02 | 19.08 | 16.44 |
| Asset Turnover Ratio | 0.19 | 0.56 | 0.7 | 0.6 | 0.39 | 0.25 | 0.5 | 0.57 | 0.67 | 0.54 |
| PAT to CFO Conversion(x) | -4.8 | -4.16 | -0.91 | -0.38 | 0.07 | 3.59 | 0.5 | -0.99 | -0.71 | 0.28 |
| Working Capital Days | ||||||||||
| Receivable Days | 33.80 | 9.10 | 32.20 | 47.20 | 38.30 | 37 | 30.70 | 49.70 | 37.50 | 41 |
| Inventory Days | 17.20 | 0.60 | 0.20 | 0.10 | 0.70 | 7.20 | 8.90 | 15.40 | 15.80 | 17 |
| Payable Days | 224.70 | 3,604.10 | 8,314.10 | 0 | 0 | 1,895.60 | 344.60 | 402.70 | 417.70 | 503.70 |
Top 5 Mutual Funds Holding
Last Visited Stocks
Announcements
Welspun Enterprises Ltd FAQs
The current trading price of Welspun Enterprises on 18-Sep-2026 16:59 is ₹825.8.
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 17-Sep-2026 the market cap of Welspun Enterprises stood at ₹11,430.2 Cr
The latest P/E ratio of Welspun Enterprises as of 17-Sep-2026 is 40.54.
The latest P/B ratio of Welspun Enterprises as of 17-Sep-2026 is 3.86.
The 52-week high of Welspun Enterprises is ₹838.0 and the 52-week low is ₹391.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Welspun Enterprises is ₹2,535 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Welspun Enterprises Ltd is a below average quality company.
The key valuation ratios of Welspun Enterprises Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Welspun Enterprises Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
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
You have 42 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
