Welspun Specialty Solutions Ltd

About [ edit ]

Welspun Specialty Solutions is engaged in the business of manufacturing alloy, stainless steel & its products such as Seamless Tubes & Rolled Products and hence the entire turnover is from alloy and SS steel & its products.

  • Market Cap 770 Cr.
  • Current Price 14.6
  • High / Low 17.2 / 5.95
  • Stock P/E
  • Book Value -1.53
  • Dividend Yield 0.00 %
  • ROCE -35.6 %
  • ROE -625 %
  • Face Value 6.00

Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -2.33% over past five years.
  • Promoters have pledged 55.95% of their holding.
  • Promoter holding has decreased over last 3 years: -33.18%

Peer comparison

Sector: Steel Industry: Steel - Medium / Small

Loading peers table ...

Quarterly Results

Figures in Rs. Crores

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
101 110 130 117 79 114 63 63 55 18 29 18
103 116 142 132 84 118 78 87 83 22 34 26
Operating Profit -1 -6 -12 -15 -5 -4 -15 -24 -29 -4 -5 -8
OPM % -1% -5% -9% -13% -6% -3% -24% -37% -52% -19% -16% -43%
Other Income 7 31 1 0 1 0 11 0 4 0 1 -3
Interest 13 5 1 1 1 3 4 5 4 4 3 2
Depreciation 2 2 2 2 2 2 3 3 3 3 4 3
Profit before tax -9 19 -14 -18 -7 -8 -11 -31 -32 -10 -11 -17
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Net Profit -9 19 -14 -18 -7 -8 -11 -31 -32 -10 -11 -17
EPS in Rs -0.81 0.54 -0.41 -0.51 -0.20 -0.19 -0.26 -0.63 -0.65 -0.20 -0.20 -0.32

Profit & Loss

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
288 366 583 580 349 414 332 267 262 240 441 295 120
309 373 582 574 374 413 341 280 277 251 480 366 165
Operating Profit -21 -7 0 5 -25 1 -9 -13 -15 -11 -39 -71 -45
OPM % -7% -2% 0% 1% -7% 0% -3% -5% -6% -4% -9% -24% -37%
Other Income 13 2 2 2 3 37 34 5 9 10 35 15 1
Interest 12 15 31 42 48 50 50 46 45 47 9 15 13
Depreciation 15 19 23 22 22 22 12 7 7 7 7 10 13
Profit before tax -35 -39 -53 -57 -93 -34 -37 -60 -58 -55 -20 -81 -70
Tax % -0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Net Profit -35 -39 -53 -57 -93 -34 -37 -60 -58 -55 -20 -81 -70
EPS in Rs -3.63 -4.85 -5.26 -8.60 -3.15 -3.38 -5.54 -5.39 -5.03 -0.58 -1.66 -1.37
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:-2%
5 Years:-2%
3 Years:4%
TTM:-62%
Compounded Profit Growth
10 Years:%
5 Years:-8%
3 Years:-21%
TTM:2%
Stock Price CAGR
10 Years:6%
5 Years:37%
3 Years:-7%
1 Year:103%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:-625%

Balance Sheet

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
65 65 65 65 105 110 116 124 65 301 438 446 318
Reserves -50 -89 -141 -198 -191 -215 -264 -304 -510 -564 -441 -414 -399
Borrowings 243 343 375 398 323 302 365 359 607 564 179 222 289
151 142 156 194 166 219 127 127 50 517 466 227 100
Total Liabilities 379 461 454 459 363 371 293 246 212 582 412 329 308
174 245 227 207 185 164 123 118 110 105 100 219 212
CWIP 64 2 2 2 1 5 1 0 0 7 85 12 23
Investments 0 0 0 0 0 0 0 0 0 67 0 0 0
141 214 225 250 177 202 169 129 101 402 227 99 73
Total Assets 379 461 454 459 363 371 293 246 212 582 412 329 308

Cash Flows

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-12 -32 -2 37 -33 15 -15 25 18 -5 -2 -27
-70 -40 -5 -2 -0 -5 -2 -1 4 -74 -18 -48
78 86 1 -36 35 -10 14 -25 -24 320 -222 75
Net Cash Flow -3 14 -6 -1 2 1 -3 -1 -2 241 -243 0

Ratios

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % -15% -8% -7% -5% -18% -9% -9% -9% -9% -6% -16% -36%
Debtor Days 61 85 69 71 77 98 73 89 58 122 59 13
Inventory Turnover 3.53 3.48 5.33 4.93 3.25 4.87 5.39 4.95 4.40 3.51 3.90 2.96

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
55.85 55.85 55.85 55.85 49.86 49.86 49.81 49.81 53.62 53.62 53.62 53.62
0.01 0.00 0.01 0.01 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.01 0.00 0.00 0.01 0.00 0.01 0.01 0.01 0.01 0.01 0.01
44.14 44.14 44.14 44.14 50.13 50.13 50.17 50.18 46.38 46.38 46.38 46.38

Documents