Welspun Living Ltd
Welspun Living 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 ₹ 12,892 Cr.
- Current Price ₹ 133
- High / Low ₹ 213 / 105
- Stock P/E 25.4
- Book Value ₹ 40.2
- Dividend Yield 1.28 %
- ROCE 13.8 %
- ROE 13.3 %
- Face Value ₹ 1.00
Pros
Cons
- Stock is trading at 3.30 times its book value
- The company has delivered a poor sales growth of 10.1% over past five years.
- Company has a low return on equity of 11.4% over last 3 years.
- Dividend payout has been low at 13.4% of profits over last 3 years
- Promoter holding has decreased over last 3 years: -4.12%
* 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
Consumer Discretionary Textiles Textiles & Apparels Other Textile Products
Part of BSE 500 Nifty 500 BSE SmallCap Nifty Smallcap 100 BSE Allcap
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
3,514 | 4,390 | 4,885 | 5,639 | 4,977 | 5,395 | 5,324 | 5,956 | 6,703 | 5,655 | 8,085 | 8,622 | |
2,806 | 3,348 | 3,610 | 4,270 | 4,083 | 4,600 | 4,314 | 4,873 | 5,811 | 5,257 | 7,073 | 7,716 | |
Operating Profit | 708 | 1,042 | 1,275 | 1,370 | 894 | 795 | 1,009 | 1,084 | 893 | 397 | 1,012 | 907 |
OPM % | 20% | 24% | 26% | 24% | 18% | 15% | 19% | 18% | 13% | 7% | 13% | 11% |
104 | 91 | 111 | -389 | 55 | -125 | 86 | 82 | 84 | 140 | 152 | 150 | |
Interest | 144 | 181 | 154 | 87 | 88 | 92 | 95 | 101 | 81 | 61 | 90 | 129 |
Depreciation | 623 | 266 | 326 | 466 | 467 | 402 | 388 | 330 | 276 | 250 | 294 | 277 |
Profit before tax | 45 | 686 | 906 | 427 | 394 | 176 | 613 | 734 | 619 | 226 | 779 | 651 |
Tax % | 33% | 26% | 28% | 28% | 23% | 19% | 22% | 28% | 37% | 33% | 24% | 22% |
30 | 510 | 648 | 307 | 304 | 142 | 475 | 527 | 392 | 152 | 596 | 507 | |
EPS in Rs | 0.30 | 5.08 | 6.45 | 3.05 | 3.03 | 1.41 | 4.73 | 5.24 | 3.90 | 1.51 | 6.13 | 5.22 |
Dividend Payout % | 101% | 21% | 20% | 21% | 21% | 21% | 21% | 3% | 4% | 7% | 2% | 32% |
Compounded Sales Growth | |
---|---|
10 Years: | 7% |
5 Years: | 10% |
3 Years: | 9% |
TTM: | 7% |
Compounded Profit Growth | |
---|---|
10 Years: | 0% |
5 Years: | 3% |
3 Years: | 9% |
TTM: | -15% |
Stock Price CAGR | |
---|---|
10 Years: | 9% |
5 Years: | 31% |
3 Years: | 24% |
1 Year: | -3% |
Return on Equity | |
---|---|
10 Years: | 16% |
5 Years: | 12% |
3 Years: | 11% |
Last Year: | 13% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 99 | 99 | 97 | 96 |
Reserves | 949 | 1,332 | 1,799 | 2,101 | 2,329 | 2,389 | 2,707 | 3,238 | 3,376 | 3,440 | 3,644 | 3,809 |
2,311 | 2,467 | 2,566 | 2,738 | 2,721 | 2,510 | 2,275 | 1,409 | 1,318 | 925 | 1,965 | 1,678 | |
780 | 928 | 896 | 1,308 | 1,099 | 1,264 | 1,139 | 1,350 | 1,398 | 1,505 | 1,810 | 1,925 | |
Total Liabilities | 4,141 | 4,827 | 5,362 | 6,248 | 6,248 | 6,264 | 6,221 | 6,098 | 6,191 | 5,969 | 7,515 | 7,508 |
1,254 | 1,899 | 2,649 | 3,009 | 2,776 | 2,625 | 2,361 | 2,133 | 1,979 | 1,852 | 2,833 | 2,839 | |
CWIP | 524 | 153 | 181 | 48 | 70 | 29 | 24 | 25 | 46 | 20 | 46 | 94 |
Investments | 750 | 706 | 692 | 826 | 903 | 1,079 | 1,350 | 1,411 | 1,896 | 1,903 | 1,567 | 1,295 |
1,612 | 2,069 | 1,841 | 2,365 | 2,500 | 2,531 | 2,486 | 2,528 | 2,270 | 2,194 | 3,069 | 3,280 | |
Total Assets | 4,141 | 4,827 | 5,362 | 6,248 | 6,248 | 6,264 | 6,221 | 6,098 | 6,191 | 5,969 | 7,515 | 7,508 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
554 | 644 | 1,272 | 652 | 491 | 615 | 752 | 970 | 560 | 279 | 372 | ||
-963 | -525 | -801 | -720 | -293 | -222 | -238 | 59 | -241 | 278 | -156 | ||
432 | -126 | -568 | 94 | -184 | -407 | -525 | -914 | -421 | -586 | -170 | ||
Net Cash Flow | 24 | -7 | -97 | 25 | 14 | -14 | -11 | 116 | -102 | -29 | 46 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 23 | 32 | 27 | 48 | 54 | 57 | 52 | 46 | 44 | 39 | 29 | 32 |
Inventory Days | 146 | 135 | 135 | 134 | 150 | 123 | 161 | 135 | 107 | 133 | 122 | 106 |
Days Payable | 91 | 88 | 60 | 92 | 85 | 78 | 89 | 80 | 57 | 71 | 40 | 41 |
Cash Conversion Cycle | 77 | 79 | 102 | 89 | 118 | 103 | 124 | 101 | 94 | 102 | 111 | 96 |
Working Capital Days | 47 | 43 | 76 | 77 | 98 | 83 | 87 | 87 | 69 | 77 | 83 | 93 |
ROCE % | 6% | 24% | 25% | 20% | 9% | 9% | 13% | 17% | 15% | 6% | 17% | 14% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Updates on Acquisition
9h - Board defers approval for acquiring 84.28% stake in Drape Story Interiors Pvt Ltd.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - Copy of newspaper publication of Audited Financials Results for the quarter and year ended March 31, 2025
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
2d - Q4 FY25 conference call recording available on Welspun Living's website.
- Corporate Action - Intimation Of Record Date For The Purpose Of Dividend 2d
- Announcement under Regulation 30 (LODR)-Investor Presentation 2d
Annual reports
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Financial Year 2024
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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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Concalls
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Business Segments
1) Home Textiles (92% in H1 FY25 vs 94% in FY22): [1] [2] The company offers bed linen, bath linen, rugs, curtains & upholstery, and advanced textiles like spunlace, wet wipes, and needle punch under its owned and licensed brands like Christy, Spaces, Welhome, Disney Home, Martha Stewart, etc. The segment revenue grew by 3% between FY22 and FY24. [3]