Fin Cascade

Prices as of 8 Oct 2026 close · Not investment advice

Welspun Enterprises Limited

NSE: WELENTCivil Construction

Share price

₹732.35

-1.13% close of 8 Oct 2026

Market cap ₹9,960 CrP/E 28.1

Business score

How strong the business is, in one number. The parts behind it are in Pro.

48

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹9,960 Cr

P/E ratio

28.1

P/B ratio

3.3

ROCE

16.7%

ROE

13.6%

Dividend yield

0.4%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 8 Oct 2026 close52-week high ₹823.3552-week low ₹415.75

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Our sales figures for this company step up at Mar 2017 and we hold nothing that says why, so we cannot honestly quote a growth rate across it.

Whether it grew faster than its sector

Our sales figures for this company step up at Mar 2017 and we hold nothing that says why, so there is no honest growth rate of its own to set against its sector.

Room to re-rate, or risk of de-rating

At 28.1× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 28.3×, across 5 companies. It is against its own five-year median of 16.8×, the 98th percentile of its own range.

Whether growth justifies the valuation

Priced at 2.3 times its growth rate, on earnings growth of 12%.

Profit growthPrice per ₹1 profitPer 1% growth
Welspun Enterprises Limited — this one12%/yr28.1×₹2.3
Larsen & Toubro17%/yr28.3×₹1.7
Rail Vikas Nigam Limited-13%/yr43.4×—
Kalpataru Projects International Limited36%/yr21.4×₹0.60
IRB Infrastructure Developers Limited8%/yr21.6×₹2.7
NBCC (India) Limited13%/yr29.2×₹2.2

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Civil Construction), it ranks 32 of 89 on returns, 21 of 84 on growth, 16 of 90 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

A narrow advantage: it earns 16.7% on capital, ahead of 64% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

No — Over the last five years it made ₹127 crore of cash from the business but spent ₹697 crore on plant and equipment, ₹570 crore more than it made; the gap was from shareholders — borrowings did not rise. And the profit is not backed by cash: it reported a profit over 12 years and consumed cash from the business. Its cash comes back more slowly than it used to: it went from being paid 80 days before it paid its own suppliers to waiting 24 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

8 of 9 checks clear · 89%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Revenue fell 8% and profit 44%, blamed on a Mumbai debris-transport ban, elections and supply disruption

Announced 4 Aug 2026 · Consolidated · Unaudited

Revenue

₹774 Cr

Revenue vs last year

-8.4%

Revenue vs last quarter

-35.5%

Net profit

₹56 Cr

Profit vs last year

-44.2%

Profit vs last quarter

-65.4%

Net margin

7.3%

EPS

₹3.43

Earnings call transcript · 5 Aug 2026

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹9,960 Cr
Prev close
₹732.35
52w High
₹842
52w Low
₹412
Enterprise value
₹10,226 Cr
Beta
1.2
Price CAGR 1y
41.0%
Price CAGR 3y
39.0%
Price CAGR 5y
48.0%
Price CAGR 10y
27.0%

Ratios

Return on assets
5.4%
PEG ratio
2.4
P/E ratio
28.1
P/B ratio
3.3
EV / EBITDA
14.3
Industry P/E
15.6
ROCE
16.7%
ROCE 5y average
13.6%
ROE
13.6%
Debt / Equity
0.7
Interest coverage
3.7
Dividend yield
0.4%
ROE 3y average
13.0%
ROE last year
14.0%

Annual P&L

Annual revenue
₹3,615 Cr
Annual profit
₹393 Cr
Operating margin
21.0%
Net profit margin
10.9%
EBITDA margin
20.6%
Sales growth 3y
9.4%
Sales growth 5y
18.8%
Profit growth 3y
12.0%
Profit growth 5y
24.0%
EPS
₹25.3
Sales growth TTM
-2.0%
Profit growth TTM
2.0%
Dividend payout
12.0%

Quarter P&L

Sales latest quarter
₹774 Cr
Profit latest quarter
₹56 Cr
YoY quarterly sales growth
-8.4%
YoY quarterly profit growth
-44.6%
OPM latest quarter
19.4%

Balance Sheet

Book Value
₹224
Face Value
₹10.0
Total debt
₹1,987 Cr
Total cash
₹338 Cr
Borrowings
₹1,987 Cr
Reserves / Equity
21.4

Cash Flow

Operating cash flow
₹112 Cr
Free cash flow
₹79 Cr
FCF yield
-1.2%
Net cash flow
-₹338 Cr

Shareholding

Promoter holding
56.1%
FII holding
3.9%
DII holding
9.3%
Public holding
28.7%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Larsen & Toubro3,618.4028.24,97,8541.044,988.014.067,941.76.714.6
Rail Vikas187.8043.539,1570.87159.518.54,321.210.610.8
Kalpataru Proj.1,404.9521.623,9930.75311.545.16,408.03.818.3
IRB Infra.Devl.17.5321.521,1730.87306.351.32,137.31.87.5
NBCC74.0329.119,9881.30158.017.22,259.5-5.529.3
Cemindia Project1,141.2532.619,6050.24140.82.62,720.95.632.8
Engineers India289.7520.816,2851.79157.9141.5819.8-5.830.4
Welspun Enterp720.7028.19,9760.4056.4-26.8773.7-8.416.7
Median125.1015.86050.0010.617.7171.911.015.5

Competes with: Cemindia Projects Limited, Central Mine Planning & Design Institute Limited, Engineers India Limited, IRB Infrastructure Developers Limited, Ircon International Limited, KEC International Limited, Kalpataru Projects International Limited, Larsen & Toubro, NBCC (India) Limited, Rail Vikas Nigam Limited, Techno Electric & Engineering Company Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales6996467078219308158961,0548457847871,199774
Expenses594563581710767688739871664612633961623
Material Cost221110139116263114
Change in Inventories000000
Purchases of Stock-in-Trade000000
Employee Cost535256586663
Other Expenses595501416459631446
Operating Profit10583126111163127157183181172154239151
OPM %15131814181618172122202019
Other Income51442938231117171322-32321
Exceptional items (within Other Income)0.7800-4900
Interest27272828303450444253525353
Depreciation369991414151113131311
Profit before tax12694118112148901111421411285820588
Tax %26263231263230262823472136
Net Profit936980781106277105101983116356
EPS in Rs6.634.485.175.047.084.235.166.836.566.531.74103.36
Diluted EPS in Rs6.836.546.531.74103.29

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales8261893051,0671,7871,8081,5301,3422,7582,8743,6953,6153,544
Expenses8262363379901,6081,6171,3651,1952,5112,4473,0642,8692,828
Material Cost634628
Change in Inventories00
Purchases of Stock-in-Trade00
Employee Cost200232
Other Expenses2,2282,008
Operating Profit-1-47-3277179191164147247427631746716
OPM %-0.10-25-10710111111915172120
Other Income23883789593112142103668160683522
Exceptional items (within Other Income)0.78-49
Interest138131033547711083119110158198210
Depreciation88272124112316161328515150
Profit before tax11-415116207203180152783449490532478
Tax %94-1166740392528177292826
Net Profit11569127151130126726319354393348
EPS in Rs0.170.040.344.718.56108.668.334821232522
Diluted EPS in Rs2325
Dividend Payout %00223322320171818141312

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
34%
5 years
19%
3 years
9%
TTM
-2%

Compounded profit growth

10 years
89%
5 years
24%
3 years
12%
TTM
2%

Stock price CAGR

10 years
27%
5 years
48%
3 years
39%
1 year
41%

Return on equity

10 years
10%
5 years
12%
3 years
13%
Last year
14%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital173174147148148148149150150137137136
Reserves1,3421,2471,1111,1911,3061,4311,5361,6412,2062,1872,4032,908
Borrowings447941504605928122,2372,5267647621,4991,987
Other Liabilities1551012124018447258611,5711,9811,8471,9922,271
Minority Interest169217
Total Liabilities2,1181,6161,6212,1992,8903,1164,7835,8885,1004,9326,0317,302
Fixed Assets50116911027801071031,87170289303288
CWIP215646464120641,403647797
Investments9541,1108011,1189339488048121,5587657631,650
Other Assets4472736459901,7561,9982,4733,1413,4663,8714,9565,356
Total Assets2,1181,6161,6212,1992,8903,1164,7835,8885,1004,9326,0587,302

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-10-17-24-287-116-589287345-344-273112
Cash from Investing Activity691161327-250-139-50-918-4871,197-571-877
Cash from Financing Activity-102-36-12226853106753125-204-486536426
Net Cash Flow580108181-270-202-2-156-751,338-888264-338
Free Cash Flow-153-14-22-290-211-56-739-146215-394-32479

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days157223125738323743583051
Inventory Days210168112194101
Days Payable1278344451516494575
Cash Conversion Cycle54-3061257383237-327-337-370-422
Working Capital Days-21130-12244-29-13-80-38544124
ROCE %-1131113129510181817

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters555555555555555555565656
FIIs4.474.574.554.694.714.584.164.173.983.763.473.92
DIIs2.2521.931.775.026.319.439.459.469.259.329.25
Public373738383433303030302929
Others1.441.441.371.371.371.231.231.231.231.162.022.02
No. of Shareholders53,28458,03558,16763,96165,44163,88657,36958,62555,81353,44751,52151,191

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year +41.0% (₹519.50 → ₹732.35)Brick size ₹30.56 (fixed)Bricks 16
₹500₹600₹800₹732Jan '26Jul '26
Price moved up one brickPrice moved down one brickLast close ₹732.35 on 8 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

266inr_cr

2026-03-31

order book, Rs crore

18,700inr_cr

2026-06-30

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

2,79,01,935inr

2026-03-31

News

News and filings about Welspun Enterprises Limited. Open one to see why it matters.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Uses as raw material

  • aggregates (sand and stone)
  • bitumen
  • fly ash
  • pond ash
  • silica fume

Depends on the price of

  • cement
  • diesel
  • steel

Sells to

  • Brihanmumbai Municipal Corporation · water treatment plant (Bhandup 2000 MLD) design-build-operate
  • Maharashtra State Road Development Corporation (MSRDC) · access-controlled multi-modal corridor EPC
  • National Highways Authority of India (NHAI) · road/highway EPC & HAM/BOT development

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Construction
Industry
Civil Construction
Classification
Construction › Civil Construction
ISIN
INE625G01013

Business segments

  • Transport · 39%
  • Water · 34%
  • Tunneling and Rehabilitation · 26%

Plants

  • Bhandup Water Treatment Plant · Mumbai, Maharashtra
  • Dharavi Wastewater Treatment Facility · Mumbai, Maharashtra
  • Panjarpur Water Treatment Plant

News impact

Big market events that reach Welspun Enterprises Limited, and how the effect spreads.

Who it hits first

  • Kalpataru Projects International, which builds transmission lines and infrastructure, rose 2.5% on September 28 after its Swedish unit Linjemontage i Grastorp listed on Nasdaq Stockholm at SEK 46.
  • Kalpataru keeps about 65.9% of the listed unit, so the listing puts a public price on a holding that was hard to value before.
  • The gain came despite a wider market sell-off, showing the listing news outweighed weak sentiment that day.

Who may gain

  • Kalpataru Projects International shareholders, who now see a market value for the kept 65.9% stake in the Swedish grid builder.
  • Linjemontage i Grastorp, the Swedish grid contractor, which gains its own listed shares and easier access to Swedish capital.
  • No rival builder gains work from this listing — the benefit stays with the owner of the stake.

Along the supply chain

Downstream

No change for buyers — grid owners such as Power Grid and GAIL buy finished lines, not shares, so their costs and timelines are untouched.

Upstream

No extra pull for suppliers — pipe and cable makers such as Welspun Corp, which supplies Kalpataru, see no new orders from a share listing.

Where demand moves

Business

No new building work changes hands — selling existing shares in Linjemontage at SEK 46 does not create transmission-line orders for Kalpataru or any rival.

Capital

Money flows toward Kalpataru as investors pay up for the newly priced 65.9% stake, while the Swedish unit collects its IPO funds in Stockholm for future grid work.

How it spreads across sectors

Capital Goods

No real lift for equipment and cable makers, since a single owner's stake listing creates no extra demand.

Construction

Mild positive mood as one builder shows a hidden asset can be priced, but no new orders spread to peers.

When it plays out

Immediate

Kalpataru shares hold the 2.5% listing pop over 1-7 days while traders compare the SEK 46 price to the kept 65.9% stake.

Medium term

Over 1-6 months value depends on the Swedish unit's grid orders and Kalpataru's debt and delivery, not the listing day.

Short term

Over 1-4 weeks focus shifts to whether the Swedish shares hold above SEK 46 and how Kalpataru uses any proceeds.

Who it hits first

  • Kalpataru Projects International, a construction and engineering builder, won a Rs 4,000-crore-plus gas pipeline building contract in the UAE.
  • Despite the win, Kalpataru Projects shares slipped 1.14% to Rs 1,375.30 from Rs 1,391.20, showing a cool first reaction.
  • The job adds large overseas backlog and multi-month execution work for Kalpataru Projects and its site suppliers.

Who may gain

  • Kalpataru Projects International, the construction and pipeline builder, gains backlog and revenue visibility
  • Pipe, cable and material suppliers to pipeline work see possible follow-on orders
  • UAE gas network owners gain delivery capacity for the pipeline stretch

Along the supply chain

Downstream

Downstream, the UAE gas system and its users gain pipeline capacity once built; Indian customers named in the graph such as GAIL India, Indian Oil and Power Grid gain no direct volumes from this UAE job.

Upstream

Upstream, pipe, steel, cable and engineering suppliers such as Welspun Corp, a large pipe maker, could see enquiries if Kalpataru Projects buys pipes and materials for the UAE pipeline stretch.

Where demand moves

Business

Kalpataru Projects receives direct business demand through a Rs 4,000-crore-plus UAE gas pipeline building job, adding multi-month site work, equipment hiring and subcontracting.

Capital

Investors reprice order-book visibility for Kalpataru Projects, while rivals get only light sentiment buying since no money or contract flows to them.

How it spreads across sectors

Construction

Order-book sentiment firms as a large overseas pipeline win shows demand for Indian builders, but only the winner books work.

Oil, Gas & Consumable Fuels

A new gas pipeline stretch supports gas movement and contractor demand, with no direct fuel-price change for Indian gas sellers.

When it plays out

Immediate

In 1-7 days Kalpataru Projects trades on order-book cheer against the weak 1.14% first reaction and margin questions.

Medium term

In 1-6 months progress depends on mobilisation, permits, pipe buying and execution updates from the UAE site.

Short term

In 1-4 weeks focus shifts to contract details, margin, payment terms and any supplier orders linked to the job.

Who it hits first

  • Welspun Corp, a maker of large steel pipes, saw its shares jump 4.3% to Rs 2810 after a subsidiary won its largest-ever order.
  • The win adds fresh work to Welspun's order book, though the pack does not disclose the order's value or buyer.
  • Sister Welspun companies share the brand but book none of this pipe revenue directly.

Who may gain

  • Welspun Corp holders, as the record order lifts revenue visibility for the pipe maker
  • Pipe-sector mood, since a largest-ever tender proves customer demand is strong

Along the supply chain

Downstream

Welspun supplies pipe buyers such as GAIL, ONGC, Indian Oil and HPCL, so the downstream gain is steadier pipe supply for energy and water projects, not a price change.

Upstream

No direct upstream pull is named in the pack - Welspun lists no steel suppliers here, so steel mills gain only if Welspun orders more coils and plates to execute the job.

Where demand moves

Business

Pipe buyers placed a record order with Welspun's unit, so factory work and billing flow to Welspun Corp; rival pipe makers get no volumes from this deal but may benefit later if tendering stays strong.

Capital

Investors bought Welspun Corp, pushing it 4.3% to Rs 2810 intraday; some sympathy money may drift to group shares and pipe peers, while the Welspun Group Master Trust bulk sale in Welspun Living leans the other way.

How it spreads across sectors

Construction

Welspun Enterprises shares the brand but wins no work, so the ripple here is sentiment-only.

Metals & Mining

A record pipe tender signals healthy steel-pipe demand, a mild positive for pipe makers even though Welspun took this deal.

When it plays out

Immediate

Welspun Corp extends its 4.3% pop as traders chase the record-order news over 1-7 days.

Medium term

Order execution and margin delivery over 1-6 months decide whether the gain sticks or fades.

Short term

Group shares and pipe peers drift on sympathy over 1-4 weeks while the market waits for order value details.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

3 Jul 2026unspecified₹3
4 Jul 2025unspecified₹3
5 Jul 2024unspecified₹3
30 Jun 2023unspecified₹1
11 Jan 2023special₹7.5
30 Jun 2022unspecified₹1.5
18 Aug 2021unspecified₹1.5
11 Jun 2020unspecified₹2

Splits, bonuses & buybacks

  • daily-prices repair: 9 rows from NSE's archive (replace 1, delete 1, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Bulk & block deals

DateWhoBought / soldSharesPrice
18 Sep 2026AUTHUM INVESTMENT & INFRASTRUCTURE LIMITEDSELL7,34,413₹780.03
15 Sep 2026AUTHUM INVESTMENT & INFRASTRUCTURE LIMITEDSELL25,00,000₹765.02
15 Sep 2026FIDELITY SECURITIES FUND FIDELITY BLUE CHIP GROWTH FUNDBUY19,23,600₹765.00
15 Sep 2026AUTHUM INVESTMENT & INFRASTRUCTURE LIMITEDBUY97,500₹740.99

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.