Welspun India Ltd

₹ 79.2 0.44%
18 Aug - close price
About

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]

Key Points

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]

  • 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
1,728 1,825 1,571 1,617 1,202 1,974 2,029 2,136 2,214 2,488 2,418 2,227 1,957
1,365 1,434 1,366 1,368 978 1,588 1,631 1,815 1,767 2,078 2,107 2,001 1,805
Operating Profit 363 391 205 249 224 386 398 320 447 410 311 226 152
OPM % 21% 21% 13% 15% 19% 20% 20% 15% 20% 16% 13% 10% 8%
8 12 78 47 14 19 21 38 13 14 -16 20 22
Interest 37 34 46 61 41 36 56 64 49 35 21 26 32
Depreciation 109 114 132 125 111 115 114 114 97 105 107 111 105
Profit before tax 224 255 104 110 86 254 249 180 314 283 167 109 36
Tax % 30% 21% 28% 18% 38% 26% 30% 25% 29% 29% 22% 53% 41%
Net Profit 150 199 73 86 49 180 181 130 218 199 132 52 22
EPS in Rs 1.49 1.98 0.73 0.85 0.49 1.79 1.80 1.29 2.17 1.98 1.32 0.52 0.22

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
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
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%

Shareholding Pattern

Numbers in percentages

2 recently
Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
68.48 68.48 68.89 68.89 70.00 70.00 70.00 70.00 70.36 70.36 70.36 70.36
8.64 8.22 5.18 4.97 5.02 5.64 5.90 6.88 7.77 9.07 8.52 7.07
9.90 10.22 8.61 8.45 7.80 7.36 7.25 7.30 5.82 4.90 5.25 5.35
12.98 13.08 17.32 17.69 17.18 17.00 16.85 15.82 16.05 15.67 15.88 17.22

Documents

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