Welspun Enterprises Ltd
Welspun Enterprises Limited (WEL) , formerly known as Welspun Projects Ltd., is a part of the USD 2.7 billion Welspun Group. The Company operates in the infrastructure space with investments in oil & gas.
In the infrastructure space, WEL is focused on the road and water sectors. While the Company’s main focus is on Hybrid Annuity Model (HAM) projects as a developer, it also takes up value accretive projects in the BOT-Toll and EPC space. [1]
- Market Cap ₹ 2,401 Cr.
- Current Price ₹ 160
- High / Low ₹ 175 / 82.1
- Stock P/E 10.1
- Book Value ₹ 157
- Dividend Yield 0.63 %
- ROCE 10.1 %
- ROE 11.4 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 1.02 times its book value
- Company is expected to give good quarter
- Promoter holding has increased by 0.83% over last quarter.
Cons
- Company has a low return on equity of 9.01% over last 3 years.
- Contingent liabilities of Rs.872 Cr.
- Earnings include an other income of Rs.668 Cr.
- Working capital days have increased from 69.6 days to 196 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Construction Industry: Construction
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
341 | 421 | 243 | 826 | 189 | 305 | 1,067 | 1,787 | 1,808 | 1,530 | 1,401 | 2,758 | |
286 | 317 | 234 | 826 | 236 | 337 | 990 | 1,608 | 1,617 | 1,365 | 1,252 | 2,511 | |
Operating Profit | 55 | 105 | 10 | -1 | -47 | -32 | 77 | 179 | 191 | 164 | 149 | 247 |
OPM % | 16% | 25% | 4% | -0% | -25% | -10% | 7% | 10% | 11% | 11% | 11% | 9% |
23 | 14 | -2 | 238 | 83 | 78 | 95 | 93 | 112 | 142 | 174 | 668 | |
Interest | 52 | 47 | 40 | 138 | 13 | 10 | 33 | 54 | 77 | 110 | 140 | 119 |
Depreciation | 23 | 68 | 35 | 88 | 27 | 21 | 24 | 11 | 23 | 16 | 16 | 13 |
Profit before tax | 4 | 3 | -68 | 11 | -4 | 15 | 116 | 207 | 203 | 180 | 167 | 783 |
Tax % | 10% | -105% | 10% | 94% | 116% | 67% | 40% | 39% | 25% | 28% | 25% | 7% |
Net Profit | 3 | 6 | -61 | 1 | 1 | 5 | 69 | 127 | 151 | 130 | 126 | 726 |
EPS in Rs | 0.83 | 1.47 | -15.25 | 0.17 | 0.04 | 0.34 | 4.71 | 8.56 | 10.03 | 8.66 | 8.33 | 48.19 |
Dividend Payout % | -0% | -0% | -0% | -0% | -0% | 223% | 32% | 23% | 20% | 17% | 18% | 2% |
Compounded Sales Growth | |
---|---|
10 Years: | 21% |
5 Years: | 21% |
3 Years: | 15% |
TTM: | 97% |
Compounded Profit Growth | |
---|---|
10 Years: | 46% |
5 Years: | 24% |
3 Years: | 18% |
TTM: | 92% |
Stock Price CAGR | |
---|---|
10 Years: | 26% |
5 Years: | -3% |
3 Years: | 32% |
1 Year: | 63% |
Return on Equity | |
---|---|
10 Years: | 5% |
5 Years: | 9% |
3 Years: | 9% |
Last Year: | 11% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
40 | 40 | 40 | 173 | 174 | 147 | 148 | 148 | 148 | 149 | 150 | 150 | |
Reserves | 475 | 481 | 419 | 1,342 | 1,247 | 1,111 | 1,191 | 1,306 | 1,431 | 1,536 | 1,641 | 2,206 |
393 | 378 | 325 | 447 | 94 | 150 | 460 | 592 | 812 | 2,237 | 2,526 | 764 | |
71 | 115 | 78 | 155 | 101 | 212 | 401 | 844 | 725 | 861 | 1,571 | 1,987 | |
Total Liabilities | 979 | 1,014 | 861 | 2,118 | 1,616 | 1,621 | 2,199 | 2,890 | 3,116 | 4,783 | 5,888 | 5,106 |
646 | 579 | 535 | 501 | 169 | 110 | 27 | 80 | 107 | 103 | 1,871 | 70 | |
CWIP | 8 | 17 | 26 | 215 | 64 | 64 | 64 | 120 | 64 | 1,403 | 64 | 7 |
Investments | 5 | 174 | 91 | 954 | 1,110 | 801 | 1,118 | 933 | 948 | 804 | 812 | 1,558 |
319 | 244 | 210 | 447 | 273 | 645 | 990 | 1,756 | 1,998 | 2,473 | 3,141 | 3,472 | |
Total Assets | 979 | 1,014 | 861 | 2,118 | 1,616 | 1,621 | 2,199 | 2,890 | 3,116 | 4,783 | 5,888 | 5,106 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-23 | 218 | -11 | -10 | -17 | -24 | -287 | -116 | -58 | 9 | 287 | ||
127 | -178 | 88 | 691 | 161 | 327 | -250 | -139 | -50 | -918 | -487 | ||
-90 | -75 | -56 | -102 | -36 | -122 | 268 | 53 | 106 | 753 | 125 | ||
Net Cash Flow | 14 | -35 | 21 | 580 | 108 | 181 | -270 | -202 | -2 | -156 | -75 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 131 | 77 | 70 | 15 | 72 | 23 | 12 | 57 | 38 | 32 | 36 | 43 |
Inventory Days | 49 | 32 | 24 | 2 | 10 | 16 | 81 | |||||
Days Payable | 95 | 179 | 225 | 12 | 78 | 344 | 547 | |||||
Cash Conversion Cycle | 84 | -70 | -131 | 5 | 4 | -306 | 12 | 57 | 38 | 32 | 36 | -423 |
Working Capital Days | 138 | -6 | 51 | 34 | 154 | -99 | 9 | 37 | 27 | 33 | -20 | 196 |
ROCE % | 6% | 6% | -0% | -1% | 1% | 3% | 11% | 13% | 12% | 9% | 7% | 10% |
Documents
Announcements
- Compliances-Reg. 57 (1) - Certificate of interest payment/Principal in case of NCD 1 Jun
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Compliances-Reg.24(A)-Annual Secretarial Compliance
26 May - Secretarial Compliance Report issued by M/s Mihen Halani & Associates, Practicing Company Secretaries, for the financial year ended March 31, 2023.
- Compliances-Reg. 57 (1) - Certificate of interest payment/Principal in case of NCD 26 May
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
25 May - Transcript of Q4 FY23 Earning Conference Call.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
22 May - In accordance with the Regulation 30 of SEBI (LODR) Regulations, 2015, please find attached herewith a copy of the newspaper publications with respect to Audited …
Annual reports
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Financial Year 2022
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
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Concalls
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May 2023Transcript PPT
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Diversified Portfolio
The Co. specializes in Road, Water & Wastewater projects. [1]