Welspun Enterprises Ltd

Welspun Enterprises is engaged in infrastructure development (Engineering, Procurement and Construction (EPC) and Build, Operate and Transfer (BOT) basis) and trading activities. It is also engaged in carrying out Operation and Maintenance (O&M) activ

  • Market Cap: 970.98 Cr.
  • Current Price: 65.20
  • 52 weeks High / Low 104.50 / 33.15
  • Book Value: 106.06
  • Stock P/E: 6.43
  • Dividend Yield: 3.07 %
  • ROCE: 12.37 %
  • ROE: 9.55 %
  • Sales Growth (3Yrs): 80.88 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 10.00
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Pros:
Stock is trading at 0.61 times its book value
Stock is providing a good dividend yield of 3.07%.
Company has delivered good profit growth of 24.10% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 25.06%
Cons:
Company has a low return on equity of 8.06% for last 3 years.
Contingent liabilities of Rs.845.85 Cr.
Earnings include an other income of Rs.151.20 Cr.

Peer comparison Sector: Construction // Industry: Construction

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
154 299 405 355 260 446 725 523 310 504 471 190
153 288 363 325 234 401 650 477 292 465 405 171
Operating Profit 1 11 42 30 26 46 75 46 18 40 65 19
OPM % 1% 4% 10% 8% 10% 10% 10% 9% 6% 8% 14% 10%
Other Income 39 30 19 25 34 31 6 17 34 33 53 32
Interest 7 10 11 13 14 12 14 18 19 18 25 22
Depreciation 6 6 5 3 2 3 5 6 7 6 4 4
Profit before tax 27 25 44 40 44 62 61 39 26 48 90 25
Tax % 36% 38% 43% 42% 30% 30% 52% 49% 44% 42% 1% 19%
Net Profit 17 16 25 23 31 43 30 20 14 26 91 20
EPS in Rs 1.17 1.05 1.72 1.54 2.10 2.93 2.00 1.34 0.98 1.76 6.11 1.32
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Consolidated Figures in Rs. Crores / View Standalone

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
298 362 239 341 421 243 826 189 305 1,067 1,787 1,808 1,475
241 286 206 286 317 241 879 258 367 1,005 1,608 1,617 1,334
Operating Profit 57 76 33 55 104 2 -53 -69 -62 63 179 191 141
OPM % 19% 21% 14% 16% 25% 1% -6% -36% -20% 6% 10% 11% 10%
Other Income 5 6 21 23 14 5 291 105 108 110 93 112 151
Interest 28 32 59 52 47 40 138 13 10 33 54 77 84
Depreciation 10 11 26 23 68 35 88 27 21 24 11 23 21
Profit before tax 24 38 -31 4 3 -68 11 -4 15 116 207 203 188
Tax % 15% 39% -1% 10% -105% 10% 94% 116% 67% 40% 39% 25%
Net Profit 20 23 -32 3 6 -61 1 1 5 69 127 149 151
EPS in Rs 8.68 9.93 0.00 0.83 1.47 0.00 0.04 0.04 0.34 4.71 8.56 10.03 10.17
Dividend Payout % 11% 10% -0% 0% 0% -0% 0% 0% 223% 32% 23% 20%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:17.46%
5 Years:16.97%
3 Years:80.88%
TTM:-24.53%
Compounded Profit Growth
10 Years:20.09%
5 Years:24.10%
3 Years:137.46%
TTM:37.08%
Stock Price CAGR
10 Years:-9.51%
5 Years:2.76%
3 Years:-17.53%
1 Year:-33.20%
Return on Equity
10 Years:1.41%
5 Years:5.00%
3 Years:8.06%
Last Year:9.55%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
23 23 40 40 40 40 173 174 147 148 148 148
Reserves 274 300 471 475 481 419 1,342 1,247 1,111 1,191 1,306 1,431
Borrowings 361 416 432 393 378 325 447 94 150 460 592 812
97 86 110 71 115 78 155 101 212 401 844 725
Total Liabilities 754 824 1,053 979 1,014 861 2,118 1,616 1,621 2,199 2,890 3,116
82 86 78 646 579 535 501 169 110 27 80 107
CWIP 434 533 586 8 17 26 215 64 64 64 120 64
Investments 0 0 145 5 174 91 954 1,110 801 1,118 933 948
238 205 244 319 244 210 447 273 645 990 1,756 1,998
Total Assets 754 824 1,053 979 1,014 861 2,118 1,616 1,621 2,199 2,890 3,116

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
31 82 24 -23 218 -11 -10 -17 -24 -287 -116 -58
-115 -122 -212 127 -178 88 691 161 327 -250 -139 -50
96 20 184 -90 -75 -56 -102 -36 -122 268 53 106
Net Cash Flow 12 -20 -4 14 -35 21 580 108 181 -270 -202 -2

Ratios Consolidated Figures in Rs. Crores / View Standalone

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 % 9% 10% 3% 6% 6% -0% -1% 1% 3% 11% 13% 12%
Debtor Days 99 87 146 131 77 70 15 72 23 12 57 38
Inventory Turnover 10.38 7.21 2.59 4.17 9.61 8.69 123.10 33.92 24.76 9.99 31.29 16.03

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
44.56 44.56 44.59 46.26 46.04 46.17 47.42 47.42 47.42 47.30 50.33 50.26
3.23 3.34 2.77 2.46 2.41 3.32 2.52 2.47 2.39 2.33 2.42 2.21
8.21 5.98 5.53 5.43 5.48 5.44 4.80 6.11 6.02 5.19 5.02 6.22
0.00 0.00 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
44.00 46.12 47.08 45.85 46.07 45.07 45.26 43.99 44.16 45.18 42.23 41.31