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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

₹540.40 20.45 (3.93%)

As on 04-Jun'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

₹540.40 20.45 (3.93%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹7,480 Cr.
Current Price
₹540.4
52-Week Low / High
₹391 / 581
TTM EPS
₹22.3
TTM Sales
₹2,595 Cr.
Book Value per Share
₹227.9
P/E Ratio
24.26
Higher than its 5-year historical median
Industry PE
29.9
Price to Book (P/B)
2.37
Higher than its 5-year historical median
Price to Sales (P/S)
2.88
Higher than its 5-year historical median
EV/EBITDA
15.01
Higher than its 5-year historical median
Dividend Yield
0.62%
Profitability Efficiency
Return on Equity (ROE)
12.04%
Outperforms industry median
Return on Capital Employed (ROCE)
16.27%
Outperforms industry median
Return on Assets (ROA)
7.70%
Operating Profit Margin
12.3%
Net Profit Margin
10.88%
Gross Profit Margin
14.9%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
15.38%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
3.58%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
7.91%
Asset Quality
Promoter Holding
56.13%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹3,016 Cr.
Equity
₹138.4 Cr.
Face Value
₹10
All Time Low / High
₹7.81 / 664.10

Welspun Enterprises stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Overvalued

Price Trend

Strong
Q.1 Is Welspun Enterprises Ltd a good quality company?
Welspun Enterprises Ltd is a average quality company, based on a somewhat consistent 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?
Q.1 Revenue growth of Welspun Enterprises Ltd vs industry peers?
Welspun Enterprises Ltd revenue CAGR is 9.94%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 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.
Q.1 Stock return of Welspun Enterprises Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 23.2% 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 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 performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 3.2%4.1%10.9%15%12.6%8.3%7%33.4%15.5%16.3%-
Value Creation
Index
-0.8-0.7-0.20.1-0.1-0.4-0.51.40.10.2-

Growth Parameters

Sales 1852929971,7391,7601,4101,3072,6762,4502,8272,595
Sales YoY Gr.-57.8%241.9%74.4%1.2%-19.9%-7.3%104.8%-8.4%15.4%-
Adj EPS 2.10.65.199.57.26.225.720.823.822.3
YoY Gr.--70.9%741.7%77.2%5.8%-23.8%-14.3%315.7%-19.1%14.2%-
BVPS (₹) 84.891.798.2106.9115.5120.9125.8164.1177.4196.7227.9
Adj Net
Profit
35.98.974.513314110792.7386284325308
Cash Flow from Ops. -3.6133-0.8-61.910433722225-106274-
Debt/CF from Ops. -19.60.6-80.9-2.831.82.319-1.70.7-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 35.4%9.9%29.3%15.4%
Adj EPS 31.2%20.2%56.6%14.2%
BVPS9.8%11.2%16.1%10.9%
Share Price 24.2% 35% 49.1% 4.2%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
2.40.65.38.78.46.1517.711.612.710.5
Op. Profit
Mgn %
-25.6-10.37.110.511.712118.813.712.314.6
Net Profit
Mgn %
19.437.57.687.67.114.411.611.511.9
Debt to
Equity
0.10.10.10.10.20.30.30.20.10.10
Working Cap
Days
428250132180238332469247253234218
Cash Conv.
Cycle
912-30-45-30-15-2313185109

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales1852929971,7391,7601,4101,3072,6762,4502,827
Operating Expenses + 2323229271,5571,5541,2411,1632,4402,1142,479
Manufacturing Costs481838121,4081,4161,0939181,7781,5071,756
Material Costs1097014179664390372470
Employee Cost 282950778481109148158167
Other Costs 464051554561731237786
Operating Profit -47-3070182206169144237336348
Operating Profit Margin (%) -25.7%-10.3%7.1%10.5%11.7%12.0%11.0%8.8%13.7%12.3%
Other Income + 11698965553293899103106
Exceptional Items 711142000056500
Interest 118814254553763333
Depreciation 2617201119121210109
Profit Before Tax 3853153232214141116815396413
Tax -510437855342347111105
Profit After Tax 434311015415910793768285308
PAT Margin (%) 23.3%14.8%11.0%8.8%9.1%7.6%7.2%28.7%11.6%10.9%
Adjusted EPS (₹)2.52.97.410.410.77.26.251.220.922.5
Dividend Payout Ratio (%)0%25.50%20.20%19.30%18.60%20.80%24%16.60%14.40%13.30%

Valuation of Welspun Enterprises - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 1,4761,3511,4481,5831,7151,7991,8842,4622,4212,689
Share Capital 174147148148148149150150137137
Reserves 1,3021,2041,3011,4351,5671,6501,7342,3122,2852,553
Debt +687660164280566354181181191
Long Term Debt56524664468354000
Short Term Debt132414158277970181181191
Minority Interest0000000000
Trade Payables2365206564287309398476578696
Others Liabilities 801671932833885108521,248538696
Total Liabilities 1,6481,6601,9082,5922,6713,1843,4884,3673,7184,272

Fixed Assets

Net Fixed Assets +10325863322933201616
Gross Block1736870135576681635741
Accumulated Depreciation70436272263848434225
CWIP 0001000002
Investments 1,3251,1241,3501,2101,4331,5111,4632,0241,5071,633
Inventories26311154886103112
Trade Receivables3719114342341209312569621660
Cash Equivalents 362944411212116786470427557
Others Assets 1211943918647441,2631,5471,1981,0441,293
Total Assets 1,6481,6601,9082,5922,6713,1843,4884,3673,7184,272

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -4133-1-6210433722225-106274
PBT 3853153232214141116815396413
Adjustment -59-63-55-1613632-576-56-43
Changes in Working Capital 17150-59-205-49200104-159-3477
Tax Paid 0-8-40-73-63-40-31-55-98-103
Cash Flow From Investing Activity + 145205-258-221-178-717-2661,673-76-16
Capex 22-3-738-2-42114-5
Net Investments 1012592061-41590-4-33-43
Others 42-56-276-208-146-774-2621,656-5731
Cash Flow From Financing Activity + -34-165-296778207-173-243-662-67
Net Proceeds from Shares 0000000012
Net Proceeds from Borrowing -17-2-4-3921445-4-200-2750
Interest Paid -11-6-6-13-25-16-52-83-40-23
Dividend Paid 00-13-27-35-30-22-135-14-41
Others -6-157-5146117-193-94174-334-5
Net Cash Flow 108173-289-2164-174-2171,455-844191

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)2.913.067.8410.149.666.125.0735.3411.6812.04
ROCE (%)3.194.110.8614.9512.558.317.0433.3915.4916.27
Asset Turnover Ratio0.110.180.560.770.670.480.390.680.610.71
PAT to CFO Conversion(x)-0.093.09-0.01-0.40.653.152.390.03-0.370.89
Working Capital Days
Receivable Days69.9035.4024.4047.8070.8071.2072.7060.1088.6082.70
Inventory Days53.8018.100.700.200.200.707.409.2014.1013.90
Payable Days64223.903,486.708,108.40001,807.50337464.80470.20

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Welspun Enterprises Ltd FAQs

The current trading price of Welspun Enterprises on 04-Jun-2026 16:59 is ₹540.4.

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 03-Jun-2026 the market cap of Welspun Enterprises stood at ₹7,479.9 Cr

The latest P/E ratio of Welspun Enterprises as of 03-Jun-2026 is 24.26.

The latest P/B ratio of Welspun Enterprises as of 03-Jun-2026 is 2.37.

The 52-week high of Welspun Enterprises is ₹580.9 and the 52-week low is ₹391.2.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Welspun Enterprises is ₹2,595 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Welspun Enterprises Ltd is a 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
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