Welspun Corp

₹556.2 -16.1 | 2.8%

WEBSITE BSE:532144 NSE : WELCORP 10 May, 16:01

Market Cap ₹14553 Cr.

Stock P/E 13.5

P/B 2.8

Current Price ₹556.2

Book Value ₹ 202.2

Face Value 5

52W High ₹625

Dividend Yield 0.9%

52W Low ₹ 223.8

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 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	1542	1442	2011	1322	1964	2402	4070	4069	4059	4750
Other Income	54	58	402	73	177	8	62	50	102	8
Total Income	1596	1499	2413	1395	2141	2410	4132	4119	4161	4758
Total Expenditure	1422	1331	1940	1293	2095	2236	3650	3700	3660	4287
Operating Profit	175	168	474	102	46	174	483	418	501	471
Interest	23	27	30	31	47	70	95	92	75	63
Depreciation	63	64	63	61	70	80	91	86	86	90
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	88	77	380	10	-72	24	297	240	341	319
Provision for Tax	27	22	130	14	5	30	85	60	79	79
Profit After Tax	61	54	251	-5	-77	-6	212	180	262	240
Adjustments	2	-9	-14	9	20	30	24	-15	123	51
Profit After Adjustments	63	46	236	4	-57	23	236	165	385	292
Adjusted Earnings Per Share	2.4	1.8	9.1	0.2	-2.2	0.9	9	6.3	14.7	11.2

Welspun Corp Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	9083	7705	8450	7236	5899	6347	8953	9957	7153	6505	9758	16948
Other Income	188	174	109	113	225	129	135	116	366	561	357	222
Total Income	9271	7879	8559	7349	6123	6476	9088	10073	7519	7066	10115	17170
Total Expenditure	8352	7035	7608	6458	5386	5766	8380	8797	6367	6043	9311	15297
Operating Profit	919	844	951	891	737	710	708	1276	1152	1023	805	1873
Interest	358	296	283	241	236	170	177	144	85	102	243	325
Depreciation	353	406	437	386	386	258	260	233	246	255	303	353
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	138	0	0	0
Profit Before Tax	208	141	231	258	36	196	182	1105	1093	661	334	1197
Provision for Tax	49	43	18	79	26	20	122	412	255	216	134	303
Profit After Tax	158	98	214	179	10	176	60	692	838	444	199	894
Adjustments	-229	-25	-144	-27	16	-17	-73	-57	-70	-5	8	183
Profit After Adjustments	-70	73	69	152	26	158	-13	635	768	439	207	1078
Adjusted Earnings Per Share	-2.7	2.8	2.6	5.7	1	6	-0.5	24.4	29.4	16.8	7.9	41.2

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	50%	-1%	9%	1%
Operating Profit CAGR	-21%	-14%	3%	-1%
PAT CAGR	-55%	-34%	2%	2%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	148%	56%	31%	22%
ROE Average	4%	13%	13%	8%
ROCE Average	8%	16%	17%	12%

Welspun Corp Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	5658	2849	2799	2799	2809	2854	2798	3215	4083	4428	4732
Minority's Interest	355	209	356	132	114	57	-5	14	127	99	112
Borrowings	4953	2803	2616	1846	1521	1272	1078	511	590	1429	1926
Other Non-Current Liabilities	803	705	676	935	781	743	403	492	726	256	338
Total Current Liabilities	5114	2264	3370	2933	3092	2865	3745	3831	2331	3107	8301
Total Liabilities	16883	8830	9818	8645	8318	7790	8304	8216	7857	9320	15410
Fixed Assets	8021	4923	4662	3730	3356	3045	1562	1610	2584	2418	4856
Other Non-Current Assets	1148	256	246	587	595	526	481	597	836	2435	767
Total Current Assets	7713	3651	4909	4325	4366	4219	4810	5026	4437	4466	9785
Total Assets	16883	8830	9818	8645	8318	7790	8304	8216	7857	9320	15410

Welspun Corp Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	1026	614	86	177	106	148	553	585	441	170	640
Cash Flow from Operating Activities	103	227	901	354	403	981	623	648	774	218	-185
Cash Flow from Investing Activities	-167	-122	338	-331	619	182	-282	-77	-845	-209	-417
Cash Flow from Financing Activities	-265	-527	-1106	-99	-979	-761	-335	-743	-198	453	909
Net Cash Inflow / Outflow	-329	-422	133	-75	43	403	6	-172	-269	462	307
Closing Cash & Cash Equivalent	699	86	219	106	148	553	586	441	170	640	1016

Welspun Corp Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	-2.67	2.79	2.62	5.72	1	5.97	-0.5	24.36	29.42	16.82	7.9
CEPS(Rs)	19.45	19.18	24.7	21.33	14.94	16.36	12.05	35.47	41.56	26.78	19.2
DPS(Rs)	0.5	0.5	0.5	0.5	0.5	0.5	0.5	10.5	5	5	5
Book NAV/Share(Rs)	190.2	108.36	106.21	105.53	105.93	107.61	105.32	122.9	156	169.31	180.43
Core EBITDA Margin(%)	7.69	8.57	9.77	10.54	8.49	9.13	6.4	11.65	10.98	7.1	4.58
EBIT Margin(%)	5.95	5.6	5.97	6.77	4.5	5.75	4.01	12.54	16.45	11.71	5.91
Pre Tax Margin(%)	2.18	1.81	2.68	3.5	0.6	3.08	2.03	11.09	15.27	10.15	3.42
PAT Margin (%)	1.66	1.25	2.48	2.43	0.17	2.76	0.67	6.95	11.7	6.82	2.04
Cash Profit Margin (%)	5.38	6.45	7.54	7.67	6.56	6.82	3.57	9.29	15.14	10.74	5.15
ROA(%)	0.97	0.76	2.29	1.94	0.12	2.18	0.74	8.38	10.42	5.17	1.61
ROE(%)	3.48	2.5	7.57	6.41	0.36	6.2	2.12	23.07	23.03	10.47	4.36
ROCE(%)	5.44	5.07	8.23	8.87	5.38	8.23	8.62	30.04	25.45	13.27	7.96
Receivable days	63.08	56.02	37.42	62.58	86.66	79.71	50.84	44.5	48.84	41.54	36.53
Inventory Days	98.44	89.87	73.89	86.59	92.46	93.97	76.1	82.32	88.75	62.6	125.41
Payable days	54.79	43.05	20.45	32.88	27.62	30.94	36.32	38.66	44.07	32.48	43.71
PER(x)	0	24.56	20.58	17.18	83.46	22.55	0	2.56	4.73	9.96	25.43
Price/Book(x)	0.26	0.63	0.51	0.93	0.78	1.25	1.29	0.51	0.89	0.99	1.11
Dividend Yield(%)	0.99	0.73	0.93	0.51	0.6	0.37	0.37	16.83	3.59	2.99	2.49
EV/Net Sales(x)	0.68	0.71	0.49	0.65	0.65	0.68	0.47	0.21	0.61	0.87	0.76
EV/Core EBITDA(x)	6.75	6.5	4.32	5.27	5.18	6.1	5.98	1.65	3.76	5.56	9.16
Net Sales Growth(%)	1.19	-15.18	9.68	-14.38	-18.48	7.6	41.07	11.21	-28.16	-9.05	50.01
EBIT Growth(%)	-26.8	-22.67	17.52	-2.85	-46.14	34.76	-1.8	247.34	-5.66	-35.27	-24.35
PAT Growth(%)	-28.97	-38.07	117.77	-16.04	-94.5	1636.79	-65.94	1056.6	21.03	-46.98	-55.16
EPS Growth(%)	-125.54	204.36	-6.01	118.19	-82.59	499.08	-108.38	4972.87	20.79	-42.85	-53
Debt/Equity(x)	1.12	1.34	1.08	0.94	0.66	0.49	0.47	0.31	0.24	0.46	0.7
Current Ratio(x)	1.51	1.61	1.46	1.47	1.41	1.47	1.28	1.31	1.9	1.44	1.18
Quick Ratio(x)	1.01	1.05	0.8	1.03	0.84	0.94	0.69	0.72	1.38	1.11	0.49
Interest Cover(x)	1.58	1.48	1.82	2.07	1.15	2.15	2.03	8.67	13.87	7.48	2.37
Total Debt/Mcap(x)	4.21	2.12	2.13	1.01	0.84	0.39	0.36	0.61	0.27	0.46	0.63

Welspun Corp Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	50.01	50.01	50.01	49.9	49.9	49.99	49.99	49.96	49.96	50.14
FII	6.12	7.34	8.95	9.03	7.96	7.27	7.77	9.42	10.56	10.7
DII	6.72	9.3	10.57	11.19	11.05	11.44	10.98	11.55	11.23	11.99
Public	37.15	33.35	30.47	29.87	31.09	31.3	31.26	29.07	28.25	27.17
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	13.05	13.05	13.05	13.05	13.05	13.07	13.07	13.07	13.07	13.12
FII	1.6	1.91	2.33	2.36	2.08	1.9	2.03	2.46	2.76	2.8
DII	1.75	2.43	2.76	2.93	2.89	2.99	2.87	3.02	2.94	3.14
Public	9.69	8.7	7.95	7.81	8.13	8.19	8.18	7.61	7.39	7.11
Others	0	0	0	0	0	0	0	0	0	0
Total	26.09	26.09	26.09	26.15	26.15	26.15	26.15	26.17	26.17	26.17

Pros

Cons

Company has a low return on equity of 13% over the last 3 years.
Debtor days have increased from 32.48 to 43.71days.
The company has delivered a poor profit growth of 2% over past five years.

* 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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