Welspun India Ltd
Welspun India Limited, part of the US$ 2.7 billion Welspun Group, is one of the largest home textile manufacturers in the world. The Company offers a wide spectrum of Home & Technical textile products and Flooring solutions. The Company has established itself as a thought leader within the home textile industry over the years and continue to focus on the enablers viz. Innovation, Branding and Sustainability to consolidate its leadership position. [1]
It manufactures a wide range of home textile products ranging from towels, bath robes to sheets, tob and basic& fashion bedding. It also entered into the business of carpets flooring solutions recently. [2]
- Market Cap ₹ 7,952 Cr.
- Current Price ₹ 79.2
- High / Low ₹ 171 / 62.2
- Stock P/E 18.5
- Book Value ₹ 39.5
- Dividend Yield 0.19 %
- ROCE 14.5 %
- ROE 15.8 %
- Face Value ₹ 1.00
Pros
- Debtor days have improved from 52.2 to 39.2 days.
Cons
- The company has delivered a poor sales growth of 7.00% over past five years.
- Company might be capitalizing the interest cost
* 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: Textiles Industry: Textiles - Products
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2,102 | 3,197 | 3,618 | 4,337 | 5,264 | 5,924 | 6,638 | 6,050 | 6,527 | 6,741 | 7,340 | 9,311 | 9,090 | |
1,870 | 2,814 | 3,022 | 3,416 | 3,987 | 4,325 | 5,054 | 4,926 | 5,458 | 5,526 | 5,988 | 7,953 | 7,991 | |
Operating Profit | 233 | 383 | 597 | 921 | 1,278 | 1,599 | 1,584 | 1,124 | 1,068 | 1,215 | 1,352 | 1,359 | 1,099 |
OPM % | 11% | 12% | 16% | 21% | 24% | 27% | 24% | 19% | 16% | 18% | 18% | 15% | 12% |
39 | -50 | 44 | 104 | 91 | 84 | -384 | 81 | -187 | 139 | 68 | 66 | 40 | |
Interest | 108 | 192 | 198 | 235 | 283 | 237 | 158 | 141 | 159 | 178 | 198 | 131 | 115 |
Depreciation | 120 | 138 | 145 | 686 | 333 | 372 | 505 | 504 | 436 | 481 | 454 | 420 | 428 |
Profit before tax | 44 | 3 | 298 | 104 | 753 | 1,074 | 536 | 560 | 287 | 694 | 769 | 873 | 596 |
Tax % | 93% | 637% | 25% | 19% | 28% | 30% | 32% | 29% | 21% | 24% | 28% | 30% | |
Net Profit | 1 | -13 | 225 | 92 | 540 | 736 | 358 | 385 | 210 | 507 | 540 | 601 | 406 |
EPS in Rs | 0.02 | -0.15 | 2.25 | 0.92 | 5.37 | 7.33 | 3.56 | 3.83 | 2.09 | 5.05 | 5.37 | 5.98 | 4.04 |
Dividend Payout % | 0% | 0% | 18% | 33% | 20% | 18% | 18% | 17% | 14% | 20% | 3% | 2% |
Compounded Sales Growth | |
---|---|
10 Years: | 11% |
5 Years: | 7% |
3 Years: | 13% |
TTM: | 9% |
Compounded Profit Growth | |
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10 Years: | 38% |
5 Years: | -2% |
3 Years: | 18% |
TTM: | -39% |
Stock Price CAGR | |
---|---|
10 Years: | 31% |
5 Years: | 1% |
3 Years: | 18% |
1 Year: | -37% |
Return on Equity | |
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10 Years: | 21% |
5 Years: | 15% |
3 Years: | 16% |
Last Year: | 16% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
94 | 89 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 99 | |
Reserves | 575 | 643 | 890 | 1,009 | 1,331 | 1,870 | 2,297 | 2,505 | 2,679 | 2,872 | 3,544 | 3,873 |
1,738 | 1,962 | 2,028 | 3,029 | 3,085 | 3,248 | 3,311 | 3,281 | 3,310 | 3,521 | 2,940 | 3,304 | |
484 | 841 | 840 | 1,029 | 1,178 | 1,258 | 1,550 | 1,301 | 1,593 | 1,701 | 1,981 | 2,161 | |
Total Liabilities | 2,886 | 3,536 | 3,858 | 5,168 | 5,695 | 6,476 | 7,258 | 7,187 | 7,682 | 8,194 | 8,566 | 9,437 |
1,560 | 1,676 | 1,807 | 2,028 | 2,627 | 3,348 | 3,689 | 3,460 | 3,306 | 3,933 | 3,814 | 4,010 | |
CWIP | 55 | 123 | 54 | 532 | 156 | 183 | 56 | 83 | 489 | 58 | 173 | 162 |
Investments | 101 | 121 | 93 | 111 | 142 | 29 | 126 | 128 | 127 | 244 | 111 | 698 |
1,170 | 1,616 | 1,903 | 2,496 | 2,770 | 2,916 | 3,387 | 3,516 | 3,761 | 3,959 | 4,467 | 4,568 | |
Total Assets | 2,886 | 3,536 | 3,858 | 5,168 | 5,695 | 6,476 | 7,258 | 7,187 | 7,682 | 8,194 | 8,566 | 9,437 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
228 | 417 | 371 | 551 | 939 | 1,328 | 832 | 545 | 807 | 777 | 954 | 587 | |
-314 | -136 | -154 | -931 | -606 | -801 | -715 | -300 | -540 | -458 | -97 | -600 | |
92 | -223 | -150 | 420 | -325 | -620 | -99 | -250 | -232 | -269 | -762 | -55 | |
Net Cash Flow | 6 | 58 | 66 | 40 | 8 | -93 | 18 | -5 | 35 | 51 | 94 | -68 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 25 | 28 | 28 | 35 | 31 | 52 | 53 | 56 | 60 | 59 | 59 | 39 |
Inventory Days | 145 | 166 | 169 | 162 | 158 | 152 | 168 | 172 | 158 | 169 | 180 | 142 |
Days Payable | 70 | 106 | 88 | 67 | 62 | 91 | 97 | 85 | 83 | 99 | 111 | 67 |
Cash Conversion Cycle | 100 | 89 | 109 | 130 | 126 | 113 | 123 | 144 | 135 | 129 | 128 | 114 |
Working Capital Days | 66 | 44 | 72 | 86 | 57 | 97 | 104 | 123 | 105 | 105 | 117 | 126 |
ROCE % | 7% | 11% | 18% | 9% | 24% | 27% | 21% | 12% | 11% | 13% | 15% | 14% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
10 Aug - Schedule Analyst / Institutional Investor meetings under the SEBI (LODR), Regulations, 2015.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
4 Aug - The Conference Call Transcript of Q1 FY23 results is available on the Company's website at www.welspunindia.com --> Investors --> Transcripts --> Year 2023. The transcript …
- Disclosure of Voting results of Postal Ballot (Regulation 44(3) of SEBI (LODR) Regulations, 2015) 30 Jul
- Result Of Postal Ballot E-Voting Along With The Scrutinizer'S Report. 30 Jul
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
30 Jul - Certificate dated July 11, 2022 issued by Link Intime India Private Limited, Registrar and Share Transfer Agent of the Company confirming compliance with Regulation 74(5) …
Annual reports
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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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 2011
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Financial Year 2010
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Financial Year 2010
from nse
Concalls
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Jul 2022TranscriptPPT
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May 2022TranscriptPPT
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Feb 2022Transcript PPT
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Oct 2021Transcript PPT
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Jul 2021Transcript PPT
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May 2021TranscriptPPT
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Oct 2019Transcript PPT
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Oct 2018Transcript PPT
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May 2018TranscriptPPT
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Nov 2017Transcript PPT
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Aug 2017Transcript PPT
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Apr 2017TranscriptPPT
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Jan 2017Transcript PPT
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Nov 2016TranscriptPPT
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Jul 2016Transcript PPT
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Apr 2016Transcript PPT
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Feb 2016Transcript PPT
Strong Distribution Network
WIL's distribution network is spanning in more than 50 countries, making it the largest exporter of home textile products from India. WIL has been a regular supplier to leading retail chains over many years such as Walmart Stores, Costco, Kohls, Bed Bath & Beyond, Ikea, Macy's, etc, which provides revenue stability to the company. [1]