SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Welterman International Ltd (526431)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526431 NSE: Leather | Small Cap | Welterman Intl. Share Price

₹24.79 0.00 (0.00%)

As on 01-Jun'26 16:59

Welterman International Ltd (526431)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526431 NSE: Leather | Small Cap | Welterman Intl. Share Price

₹24.79 0.00 (0.00%)

As on 01-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹11 Cr.
Current Price
₹24.8
52-Week Low / High
₹17 / 29
TTM EPS
₹-1.1
TTM Sales
₹0 Cr.
Book Value per Share
₹-29
P/E Ratio
0.00
Industry PE
17.2
Price to Book (P/B)
-0.86
Lower than its 5-year historical median
Price to Sales (P/S)
0.00
EV/EBITDA
-40.35
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
0.00%
Underperforms industry median
Return on Capital Employed (ROCE)
0.00%
Underperforms industry median
Return on Assets (ROA)
-12.13%
Operating Profit Margin
0%
Net Profit Margin
-%
Gross Profit Margin
0%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
-
-
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
45.34%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹-17 Cr.
Equity
₹4.4 Cr.
Face Value
₹10
All Time Low / High
₹0.50 / 91.85

Welterman International stock performance

Key Ratios
mw4me loader

Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Welterman International Ltd a good quality company?
Welterman International Ltd is a quality company, based on a 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 Welterman International Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Welterman International Ltd vs industry peers?
Welterman International Ltd revenue CAGR is -100.00%, compared to the industry median CAGR of 2.61%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Welterman International Ltd?
Promoters hold 45.34% of the Welterman International Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Welterman International Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 19.7% 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.
Welterman International 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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % -50.6%0%0%53.1%0.2%-10.3%0%0%0%0%-
Value Creation
Index
NANANA2.8-1.0-1.7NANANANA-

Growth Parameters

Sales 2.70.10.95.92.11.92.50.6000
Sales YoY Gr.--97.8%1,366.7%575%-64.8%-10.5%33.2%-75.9%-100%NA-
Adj EPS -4.9-2.5-3.91.40.601.4-0.2-0.2-0.2-1.1
YoY Gr.-NANANA-58.7%-94.7%4466.7%-115.3%NANA-
BVPS (₹) -27.9-30.6-32.1-29.4-29.4-29.8-26.6-27.2-27.5-27.9-29
Adj Net
Profit
-2.2-1.1-1.70.60.300.6-0.1-0.1-0.1-0
Cash Flow from Ops. -2.22.7-5.1-0.6-0.93.60.7-0.2-0.8-0-
Debt/CF from Ops. -5.74-3.2-27.2-19.63.613.5-28.2-6.4-416.8-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -100%-100%-100%NA
Adj EPS NA-180.3%-151.8%NA
BVPSNANANANA
Share Price 19% 55.8% 31.7% -9.8%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
19.48.812.7-4.5-1.9-0.1-4.90.80.80.73.9
Op. Profit
Mgn %
-12.9-2310.3-134.25.720.115.817.9-30.400NAN
Net Profit
Mgn %
-80.9-1820.1-195.710.312.10.724.5-15.800-INF
Debt to
Equity
-1-0.8-1.1-1.2-1.3-1-0.8-0.4-0.4-0.5-
Working Cap
Days
61617,821822153697586187417000
Cash Conv.
Cycle
-422,372-1,112-168-498-607-737-1,943000

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales2.670.060.885.942.091.872.490.6000
Operating Expenses + 3.021.472.075.822.021.862.151.080.320.34
Manufacturing Costs0.120.060.240.10000000
Material Costs21.170.464.951.421.281.640.6000
Employee Cost 0.240.120.130.240.150.190.100.090.120.12
Other Costs 0.660.111.240.530.450.390.400.400.200.22
Operating Profit -0.35-1.41-1.200.120.070.020.34-0.48-0.32-0.34
Operating Profit Margin (%) -12.9%-2,310.3%-136.0%2.0%3.1%0.8%13.7%-78.8%--
Other Income + 0.290.010.251.240.1001.310.240.200.20
Exceptional Items -0.481.140.630000000
Interest 000.840000000
Depreciation 0.040.050.130.160.160.200.210.060.020.02
Profit Before Tax -0.58-0.31-1.291.200.01-0.181.44-0.30-0.13-0.15
Tax 1.92000000000
Profit After Tax -2.50-0.31-1.291.200.01-0.181.44-0.30-0.13-0.15
PAT Margin (%) -93.5%-507.0%-147.0%20.2%0.2%-9.8%57.9%-49.7%--
Adjusted EPS (₹)-5.6-0.7-2.92.70.0-0.43.2-0.7-0.3-0.4
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Welterman Intl. - Standalone

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

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

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

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

mw4me loader

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 + -12.41-12.72-14.25-13.05-13.05-13.23-11.79-12.09-12.22-12.38
Share Capital 4.444.444.444.444.444.444.444.444.444.44
Reserves -16.85-17.16-18.70-17.49-17.49-17.67-16.23-16.53-16.66-16.82
Debt +12.3610.8116.1715.6616.6613.149.064.855.015.79
Long Term Debt10.8610.8116.1715.6616.6613.149.064.855.015.79
Short Term Debt1.50000000000
Minority Interest0000000000
Trade Payables2.156.432.253.123.693.764.143.823.813.91
Others Liabilities 3.210.320.370.150.040.020.635.334.703.92
Total Liabilities 5.314.844.545.887.343.692.051.911.301.25

Fixed Assets

Net Fixed Assets +0.790.742.332.602.562.420.720.660.640.62
Gross Block1.671.673.393.813.944.011.891.891.891.89
Accumulated Depreciation0.880.931.061.221.381.581.171.231.251.27
CWIP 00.2900000000
Investments 0.290.290.290000000
Inventories1.170.060.360.36000.01000
Trade Receivables1.350002.1400.0200.540.46
Cash Equivalents 0.480.430.170.060.020.020.031.160.060.11
Others Assets 1.233.031.392.862.631.251.270.080.050.05
Total Assets 5.314.844.545.887.343.692.051.911.301.25

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -2.192.68-5.11-0.58-0.853.610.67-0.17-0.79-0.01
PBT -2.50-0.31-1.291.200.01-0.181.44-0.30-0.13-0.15
Adjustment 0.490.05-0.12-0.900.160.20-1.71-0.14-0.18-0.18
Changes in Working Capital -0.182.94-3.71-0.88-1.023.60.940.27-0.470.32
Tax Paid 0000000000
Cash Flow From Investing Activity + 1.72-1.18-0.510.93-0.12-0.073.411.210.200.20
Capex -0.28-1.18-0.54-0.43-0.12-0.07-0.61000
Net Investments 0001.35004.01000
Others 200.0300001.210.200.20
Cash Flow From Financing Activity + 0.15-1.555.36-0.450.93-3.55-4.070.10-0.52-0.14
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -1.25-0.065.36-0.511-3.53-4.070.10-0.520.79
Interest Paid 0000000000
Dividend Paid 0000000000
Others 1.41-1.4900.05-0.07-0.03000-0.92
Net Cash Flow -0.31-0.04-0.26-0.11-0.04-00.011.14-1.100.05

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
ROCE (%)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Asset Turnover Ratio0.420.010.191.140.320.340.870.3100
PAT to CFO Conversion(x)N/AN/AN/A-0.48-85N/A0.47N/AN/AN/A
Working Capital Days
Receivable Days166.70000373.8002.50000
Inventory Days136.303,691.4086.902231.400.300.70000
Payable Days474.901,332.803,431.90198.10876.301,062.80878.502,439.6000

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

Welterman International Ltd FAQs

The current trading price of Welterman Intl. on 01-Jun-2026 16:59 is ₹24.79.

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 31-May-2026 the market cap of Welterman Intl. stood at ₹11.01 Cr

The latest P/E ratio of Welterman Intl. as of 31-May-2026 is 0.00.

The latest P/B ratio of Welterman Intl. as of 31-May-2026 is -0.86.

The 52-week high of Welterman Intl. is ₹29.05 and the 52-week low is ₹17.15.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Welterman Intl. is ₹0.00 ( Cr.) .

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

The key valuation ratios of Welterman International 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 Weak which suggest that the price of Welterman International Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Welterman International Ltd

Welterman International was promoted in 1992 by the Dhanani Group of Companies as manufacturers of leather soles with technical assistance from one of the world leaders in footwear and footwear components manufacturing machines industry MA-MECC from Italy.

Mr. Kayum Dhanani, Managing Director, is at the helm of this operation and comes with international education, learning and expertise. He handles day to day functioning with a specialized team of people with many decades of sole manufacturing behind them. In- depth knowledge and a sound technical base enable the company to compete with other sole manufacturers and suppliers anywhere else in the world. Trained technicians, skilled workers and streamlined systems allow for smooth functioning and timely deliveries. Leather is developed and bought from dedicated tanneries closely associated with Welterman and work to exact client specifications.

Business area of the company

The company manufactures leather soles, rubber soles, TPR, TPU & PVC soles, specialized injected soles and leather soles with masonite heels. It has computerised designing and pattern making studios. The company has luge production capacity of leather unit soles per annum.

You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×