Welspun Enterprises Limited

Welspun Enterprises Limited

WELENT.BO
Welspun Enterprises LimitedIN flagBombay Stock Exchange
611.50
INR
-1.95
- -
82.75BMarket Cap
Welspun Enterprises Limited
WELENT.BO
(Bombay Stock Exchange)

Recent

price

611.50

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
61.63
84.24
104.07
60.86
47.64
10.84
17.29
72.14
120.53
121.95
102.83
89.65
180.18
206.04
270.48
266.6
265.5
Revenue per Share
-8.15
0.83
1.47
-15.25
0.04
0.04
0.28
4.71
8.57
10.04
8.67
8.37
48.2
21.51
23.61
25.8
25.69
Basic EPS, GAAP
5.14
-6.03
54.03
-5.65
-8.82
-1.1
-1.39
-19.69
-14.64
-5.09
-49.66
-9.98
12.52
-30.27
-23.8
5.77
- -
Free Cash Flow per Basic Share
1.2
- -
- -
- -
- -
- -
- -
0.9
1.8
2.33
2
1.5
9
0.99
2.99
3.02
- -
Dividend per Share
22.68
22.79
24.26
8.72
4.9
4.98
3.7
8.13
14.9
22.61
29.26
36.22
75
96.9
117.71
10
9.96
Book Value per Share
125.18
-23.9
-9.4
-18.24
70.69
73.5
67.17
90.44
98.33
102.63
19.48
-1.86
154.18
172.02
188.91
231.14
230.18
Tangible Book Value per Share
39
40
40
40
173
173
174
148
148
148
149
149
150
137
137
136
136
Basic Weighted Avg Shares
2,387
3,370
4,163
2,434
8,256
1,880
3,010
10,642
17,814
18,075
15,294
13,362
27,021
28,268
36,953
36,154
36,154
Sales/Revenue/Turnover
-8.68
10.11
8.9
-4.85
-10.16
-31.95
-16.04
5.67
9.99
10.36
10.31
10.05
8.71
14.1
15.75
19.29
19.29
Operating Margin (%)
97
231
685
354
882
722
658
460
115
225
160
159
131
276
509
506
506
Depreciation Expense
-316
33
59
-610
7
6
50
694
1,267
1,489
1,290
1,247
7,228
2,951
3,226
3,499
3,499
Net Income, GAAP
- -
10.09
- -
- -
93.95
- -
67.15
40.01
38.76
25.46
27.57
24.31
7.69
27.1
26.24
25.54
25.54
Effective Tax Rate (%)
-13.22
0.99
1.41
-25.06
0.08
0.34
1.65
6.52
7.11
8.24
8.43
9.33
26.75
10.44
8.73
9.68
9.68
Profit Margin (%)
1,436
1,314
17
1,104
7,880
9,102
9,538
7,895
5,471
3,998
3,184
924
18,330
16,124
16,864
21,373
21,373
Working Capital
3,105
2,949
2,240
2,547
899
794
1,245
4,152
4,039
4,793
20,456
23,084
2,927
5,635
12,714
17,323
17,323
LT Debt
5,115
5,148
5,207
4,585
14,414
14,210
12,584
13,387
14,537
15,796
16,858
17,938
23,620
24,902
27,093
32,610
32,610
Total Equity
- -
3.44
- -
- -
-0.44
- -
-1.09
2.25
5.63
6.27
3.62
2.47
5.83
9.08
11.47
10.98
10.98
Return on Invested Capital (%)
- -
0.71
- -
- -
2.91
- -
4.05
22.31
22.64
20.07
10.5
6.07
32.55
16.23
14.73
16.19
16.19
Return on Capital (%)
-57.05
3.71
6.26
-92.48
1.13
0.74
6.58
75.32
74.51
53.63
33.49
25.58
86.84
24.05
21.96
40.13
40.13
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
3,529
- -
2,542
LT Borrowings
15,821
- -
17,248
LT Finance Leases
62
- -
75
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
137
- -
136
Market Capitalization
68,272
70,951
56,566

Working Capital

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
35,585
- -
43,714
Cash, Cash Equivalents & STI
10,972
- -
17,553
Accounts Receivable, Net
1,095
- -
5,096
Inventories
1,558
- -
1,739
Total Current Liabilities
18,078
- -
22,341
Payables & Accruals
- -
- -
- -
ST Debt
3,529
- -
2,542
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.16%
14.54%
20.36%
Free Cash Flow
114%
-154.6%
-124.06%
Net Income, GAAP
250.86%
86.98%
8.47%
Sales/Revenue/Turnover
48.99%
24.55%
-2.16%
Total Cash Common Dividend
- -
117.88%
0.34%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6,987
6,457
7,067
7,756
28,268
2025
9,300
8,153
8,961
10,540
36,953
2026
8,450
7,839
7,870
11,995
36,154

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6.59
4.56
5.24
- -
21.51
2025
7.18
4.29
5.21
6.93
23.61
2026
6.64
6.61
1.75
10.8
25.8

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.99
2025
- -
- -
- -
- -
2.99
2026
- -
- -
- -
- -
3.02
Business
Welspun Enterprises Limited (WELENT.BO) is an Indian infrastructure development company focused on roads and highways, water and wastewater solutions, tunnelling, and upstream oil and gas exploration. The company develops and operates projects under hybrid annuity model (HAM), engineering procurement and construction (EPC), build-operate-transfer (BOT) toll, design-build-operate (DBO), and other public-private partnership structures primarily for the National Highways Authority of India (NHAI), state public works departments, Brihanmumbai Municipal Corporation (BMC), and other government entities; its core offerings include large-scale highway construction such as the Delhi-Meerut Expressway (Package I, India's first 14-lane expressway), Aunta-Simaria Road Project (featuring India's widest extradosed cable-stayed bridge over the Ganga), Mukarba Chowk-Panipat Toll Road, and Chikhli-Tarsod Highway; advanced water infrastructure encompassing wastewater treatment (e.g., India's first multi-storey 418 MLD facility in Dharavi, Mumbai), water treatment plants (e.g., 2,000 MLD Bhandup Complex plant), rural water supply under Jal Jeevan Mission covering thousands of villages in Uttar Pradesh, tertiary treated water conveyance tunnels, and sewer rehabilitation; tunnelling solutions including micro and segment tunnelling and water body rejuvenation; and investments in oil and gas blocks via joint venture Adani Welspun Exploration Limited (AWEL) in areas such as MB-OSN-2005/1 and GK-OSN-2009/1. Originally founded in 1976 as MSK Projects (India) Limited and headquartered in Mumbai, the company operates predominantly across India with over 3,200 lane kilometers of completed roads benefiting millions and water projects serving extensive urban and rural populations. Recent developments include the 2022 monetization of six completed highway assets to Actis for over Rs 9,000 crore ($775 million); acquisition of a 50.10% stake in Welspun Michigan Engineers Private Limited in August 2023 for Rs 137.07 crore to bolster tunnelling and urban water capabilities, followed by an additional 9.99% stake purchase from Patel Engineering in 2024 for Rs 100 crore raising ownership to 60.09%; strategic partnership in October 2024 with UK-based SmartOps through subsidiary Welspun Michigan to deploy modular grey water treatment technology nationwide via a 50%-owned joint venture or subsidiary; commissioning in March 2024 for BMC's 2,000 MLD Bhandup water treatment plant and Maharashtra's Navghar-Balavali multi-modal corridor EPC package; and maintenance of a robust order book exceeding Rs 20,000 crore as of March 2025 focused on asset-light growth and ESG integration.