Welspun Corp

₹784.4 7.8 | 1%

WEBSITE BSE:532144 NSE : WELCORP 21 Apr, 10:24

Market Cap ₹20646 Cr.

Stock P/E 18.2

P/B 3.3

Current Price ₹784.4

Book Value ₹ 238.1

Face Value 5

52W High ₹900

Dividend Yield 0.64%

52W Low ₹ 441

Edit Ratio

Welspun Corp Research see more...

Overview Inc. Year: 1995Industry: Steel & Iron Products

Welspun Corp Ltd is a welded line pipe production business enterprise engaged in offering solutions in line pipes with a ability to manufacture longitudinal submerge-arc welded (LSAW), spiral helical submerged arc welded (HSAW) and high frequency electric resistance welded (HFERW)/high frequency induction (HFI) pipes. The Company also offers coating, bending and double jointing centers. The Company, together with its subsidiaries, is engaged within the business of manufacturing and coating of submerged arc welded pipes. Its production centres are located in India, the United States and Saudi Arabia. Its subsidiaries consist of Welspun Pipes Inc, Welspun Tradings Ltd and Welspun Mauritius Holdings Ltd.

Welspun Corp Share Price

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Welspun Corp Quarterly Results

#(Fig in Cr.)	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Net Sales	1964	2402	4070	4069	4059	4750	4461	3137	3302	3614
Other Income	177	8	62	50	102	8	83	42	62	43
Total Income	2141	2410	4132	4119	4161	4758	4544	3180	3364	3657
Total Expenditure	2095	2236	3650	3700	3660	4287	4131	2763	2902	3179
Operating Profit	46	174	483	418	501	471	413	416	462	478
Interest	47	70	95	92	75	63	75	66	83	82
Depreciation	70	80	91	86	86	90	87	85	89	90
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	-11	0
Profit Before Tax	-72	24	297	240	341	319	251	265	278	305
Provision for Tax	5	30	85	60	79	79	60	57	69	77
Profit After Tax	-77	-6	212	180	262	240	192	208	209	228
Adjustments	20	30	24	-15	123	51	77	40	78	447
Profit After Adjustments	-57	23	236	165	385	292	268	248	287	675
Adjusted Earnings Per Share	-2.2	0.9	9	6.3	14.7	11.2	10.3	9.5	10.9	25.7

Welspun Corp Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	7705	8450	7236	5899	6347	8953	9957	7153	6505	9758	17340	14514
Other Income	174	109	113	225	129	135	116	366	561	357	249	230
Total Income	7879	8559	7349	6123	6476	9088	10073	7519	7066	10115	17589	14745
Total Expenditure	7035	7608	6458	5386	5766	8380	8797	6367	6043	9311	15785	12975
Operating Profit	844	951	891	737	710	708	1276	1152	1023	805	1804	1769
Interest	296	283	241	236	170	177	144	85	102	243	304	306
Depreciation	406	437	386	386	258	260	233	246	255	303	348	351
Exceptional Income / Expenses	0	0	0	0	0	0	0	138	0	0	0	-11
Profit Before Tax	141	231	258	36	196	182	1105	1093	661	334	1413	1099
Provision for Tax	43	18	79	26	20	122	412	255	216	134	277	263
Profit After Tax	98	214	179	10	176	60	692	838	444	199	1136	837
Adjustments	-25	-144	-27	16	-17	-73	-57	-70	-5	8	-26	642
Profit After Adjustments	73	69	152	26	158	-13	635	768	439	207	1110	1478
Adjusted Earnings Per Share	2.8	2.6	5.7	1	6	-0.5	24.4	29.4	16.8	7.9	42.4	56.4

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	78%	34%	14%	8%
Operating Profit CAGR	124%	16%	21%	8%
PAT CAGR	471%	11%	80%	28%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	43%	53%	64%	30%
ROE Average	22%	12%	17%	10%
ROCE Average	22%	14%	20%	13%

Welspun Corp Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	2849	2799	2799	2809	2854	2798	3215	4083	4428	4732	5616
Minority's Interest	209	356	132	114	57	-5	14	127	99	112	118
Borrowings	2803	2616	1846	1521	1272	1078	511	590	1429	1926	1622
Other Non-Current Liabilities	705	676	935	781	743	403	492	726	256	338	480
Total Current Liabilities	2264	3370	2933	3092	2865	3745	3831	2331	3107	8285	4167
Total Liabilities	8830	9818	8645	8318	7790	8304	8216	7857	9320	15393	12003
Fixed Assets	4923	4662	3730	3356	3045	1562	1610	2584	2418	4856	4735
Other Non-Current Assets	256	246	587	595	526	481	597	836	2435	767	992
Total Current Assets	3651	4909	4325	4366	4219	4810	5026	4437	4466	9768	6276
Total Assets	8830	9818	8645	8318	7790	8304	8216	7857	9320	15393	12003

Welspun Corp Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	614	86	177	106	148	553	585	441	170	640	1016
Cash Flow from Operating Activities	227	901	354	403	981	623	648	774	218	-185	1306
Cash Flow from Investing Activities	-122	338	-331	619	182	-282	-77	-845	-209	-417	367
Cash Flow from Financing Activities	-527	-1106	-99	-979	-761	-335	-743	-198	453	909	-1877
Net Cash Inflow / Outflow	-422	133	-75	43	403	6	-172	-269	462	307	-203
Closing Cash & Cash Equivalent	86	219	106	148	553	586	441	170	640	1016	819

Welspun Corp Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	2.79	2.62	5.72	1	5.97	-0.5	24.36	29.42	16.82	7.9	42.44
CEPS(Rs)	19.18	24.7	21.33	14.94	16.36	12.05	35.47	41.56	26.78	19.2	56.71
DPS(Rs)	0.5	0.5	0.5	0.5	0.5	0.5	10.5	5	5	5	5
Book NAV/Share(Rs)	108.36	106.21	105.53	105.93	107.61	105.32	122.9	156	169.31	180.43	213.87
Core EBITDA Margin(%)	8.57	9.77	10.54	8.49	9.13	6.4	11.65	10.98	7.1	4.59	8.94
EBIT Margin(%)	5.6	5.97	6.77	4.5	5.75	4.01	12.54	16.45	11.71	5.91	9.88
Pre Tax Margin(%)	1.81	2.68	3.5	0.6	3.08	2.03	11.09	15.27	10.15	3.42	8.13
PAT Margin (%)	1.25	2.48	2.43	0.17	2.76	0.67	6.95	11.7	6.82	2.04	6.54
Cash Profit Margin (%)	6.45	7.54	7.67	6.56	6.82	3.57	9.29	15.14	10.74	5.15	8.54
ROA(%)	0.76	2.29	1.94	0.12	2.18	0.74	8.38	10.42	5.17	1.61	8.29
ROE(%)	2.5	7.57	6.41	0.36	6.2	2.12	23.07	23.03	10.47	4.36	22.03
ROCE(%)	5.07	8.23	8.87	5.38	8.23	8.62	30.04	25.45	13.27	7.96	22.06
Receivable days	56.02	37.42	62.58	86.66	79.71	50.84	44.5	48.84	41.54	36.53	30.86
Inventory Days	89.87	73.89	86.59	92.46	93.97	76.1	82.32	88.75	62.6	125.41	84.01
Payable days	43.05	20.45	32.88	27.62	30.94	36.32	38.66	44.07	32.48	44.28	34.85
PER(x)	24.56	20.58	17.18	83.46	22.55	0	2.56	4.73	9.96	25.43	12.16
Price/Book(x)	0.63	0.51	0.93	0.78	1.25	1.29	0.51	0.89	0.99	1.11	2.41
Dividend Yield(%)	0.73	0.93	0.51	0.6	0.37	0.37	16.83	3.59	2.99	2.49	0.97
EV/Net Sales(x)	0.71	0.49	0.65	0.65	0.68	0.47	0.21	0.61	0.87	0.76	0.83
EV/Core EBITDA(x)	6.5	4.32	5.27	5.18	6.1	5.98	1.65	3.76	5.56	9.16	7.95
Net Sales Growth(%)	-15.18	9.68	-14.38	-18.48	7.6	41.07	11.21	-28.16	-9.05	50.01	77.69
EBIT Growth(%)	-22.67	17.52	-2.85	-46.14	34.76	-1.8	247.34	-5.66	-35.27	-24.35	197.83
PAT Growth(%)	-38.07	117.77	-16.04	-94.5	1636.79	-65.94	1056.6	21.03	-46.98	-55.16	470.37
EPS Growth(%)	204.36	-6.01	118.19	-82.59	499.08	-108.38	4972.87	20.79	-42.85	-53	436.98
Debt/Equity(x)	1.34	1.08	0.94	0.66	0.49	0.47	0.31	0.24	0.46	0.7	0.34
Current Ratio(x)	1.61	1.46	1.47	1.41	1.47	1.28	1.31	1.9	1.44	1.18	1.51
Quick Ratio(x)	1.05	0.8	1.03	0.84	0.94	0.69	0.72	1.38	1.11	0.49	0.95
Interest Cover(x)	1.48	1.82	2.07	1.15	2.15	2.03	8.67	13.87	7.48	2.37	5.64
Total Debt/Mcap(x)	2.12	2.13	1.01	0.84	0.39	0.36	0.61	0.27	0.46	0.63	0.14

Welspun Corp Shareholding Pattern

#	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoter	49.9	49.9	49.99	49.99	49.96	49.96	50.14	50.03	50.01	50.01
FII	9.03	7.96	7.27	7.77	9.42	10.56	10.7	10.51	11.65	11.72
DII	11.19	11.05	11.44	10.98	11.55	11.23	11.99	9.75	11.41	14.1
Public	29.87	31.09	31.3	31.26	29.07	28.25	27.17	29.71	26.94	24.18
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoter	13.05	13.05	13.07	13.07	13.07	13.07	13.12	13.12	13.12	13.12
FII	2.36	2.08	1.9	2.03	2.46	2.76	2.8	2.76	3.06	3.07
DII	2.93	2.89	2.99	2.87	3.02	2.94	3.14	2.56	2.99	3.7
Public	7.81	8.13	8.19	8.18	7.61	7.39	7.11	7.79	7.07	6.34
Others	0	0	0	0	0	0	0	0	0	0
Total	26.15	26.15	26.15	26.15	26.17	26.17	26.17	26.22	26.23	26.23

Pros

Company has delivered good profit growth of 80% CAGR over last 5 years
Debtor days have improved from 44.28 to 34.85days.
Company has reduced debt.
Company is almost debt free.

Cons

Company has a low return on equity of 12% over the last 3 years.
Stock is trading at 3.3 times its book value.

* 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.

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Welspun Corp

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Welspun Corp Research see more...

Overview Inc. Year: 1995Industry: Steel & Iron Products

Welspun Corp Share Price

Alert Data

Quarterly Price

Peer Comparison

Welspun Corp Quarterly Results

Welspun Corp Profit & Loss

Growth Rates

Welspun Corp Balance Sheet

Welspun Corp Cash Flow

Welspun Corp Ratios

Welspun Corp Shareholding Pattern

Welspun Corp News

Top Unlisted Companies & InstaBuy Companies

Electrosteel Steel Ltd

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