Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹22596 Cr.
Stock P/E
106.1
P/B
4.7
Current Price
₹239.2
Book Value
₹ 51
Face Value
1
52W High
₹245
52W Low
₹ 107.4
Dividend Yield
0.04%

Welspun Living Overview

Business

Welspun Living Ltd. is a global leader in home textiles. The company manufactures and sells a wide range of home textile products, including bath linens (towels), bed linens (sheets, comforters), and flooring products (rugs, carpets). Its core business model involves large-scale, vertically integrated manufacturing to produce these products, which are then supplied to major retailers globally (B2B) under private labels or its own brands, and also sold directly to consumers (B2C) through its branded retail presence. The company makes money through the sales of these manufactured home textile products to both domestic and international markets.

Revenue Mix

Welspun Living's primary revenue driver is its Home Textiles segment, which encompasses bath, bed, and flooring products.

Bath Linens: Towels, bathrobes, bath rugs.

Bed Linens: Bed sheets, duvet covers, pillowcases, comforters, utility bedding.

Flooring: Rugs, carpets, broadloom.

The company operates through a mix of its own brands (e.g., Spaces, Christy, Welspun) and supplies private label products to major international retailers. A significant portion of its revenue comes from international markets, particularly the USA and Europe.

Industry

The global textile industry, particularly home textiles, is competitive and somewhat fragmented, with a mix of large integrated players and smaller specialized manufacturers. Welspun Living is positioned as one of the largest and most integrated home textile manufacturers globally. It holds a significant market share in key export markets like the US and Europe for its product categories. Its strength lies in its scale, manufacturing capabilities, focus on innovation, and established relationships with major global retailers. In India, it is a prominent player in the organized home textile market.

MOAT

Scale & Integration: One of the largest and most vertically integrated home textile manufacturers globally, enabling cost efficiencies and control over the supply chain from yarn to finished product.

Strong Customer Relationships: Long-standing partnerships with major global retailers (e.g., Walmart, Target, Macy's) as a preferred supplier for private label and branded products.

Product Innovation & Quality: Focus on patented technologies (e.g., HygroCotton, StayFresh) and sustainability initiatives, differentiating its products.

Brand Equity: Own brands like Spaces and Christy (acquired) have established recognition in their respective markets.

Global Presence: A well-established distribution network across key international markets, reducing reliance on a single market.

Growth Drivers

Increasing Disposable Incomes & Urbanization: Growing demand for premium and branded home textile products, especially in emerging markets like India.

Shift to Organized Retail & E-commerce: Expansion of modern retail formats and online sales channels provides new avenues for reach and distribution.

Product Innovation & Value Addition: Continuous introduction of new products with enhanced features, sustainability, and design can command better pricing and market share.

Market Share Gains: Leveraging its scale and relationships to capture greater share from smaller, less integrated players in key international markets.

Government Support: "Make in India" initiatives and production-linked incentive (PLI) schemes for textiles in India can provide a conducive environment for domestic growth and exports.

Risks

Raw Material Price Volatility: Fluctuations in cotton and other raw material prices can impact manufacturing costs and margins.

Currency Fluctuations: Significant exposure to foreign exchange risk due to high exports (USD/INR movements).

Global Economic Slowdown: A downturn in key international markets (US, Europe) can reduce consumer discretionary spending on home textiles, impacting demand.

Intense Competition: High competition from other integrated textile manufacturers globally and from emerging low-cost countries.

Trade Barriers & Tariffs: Changes in international trade policies or imposition of tariffs can affect export competitiveness.

Labor Costs & Availability: Rising labor costs in India can impact manufacturing competitiveness.

Management & Ownership

Welspun Living Ltd. is part of the Welspun Group, a diversified conglomerate with interests in various sectors. The company is promoted by the Goenka family. The management team has extensive experience in the textile industry and a track record of scaling operations and forging global partnerships. The promoter group holds a significant stake, indicating a strong commitment to the company's long-term success.

Outlook

Welspun Living is well-positioned as a leading global player in the home textile sector, benefiting from its integrated operations, strong customer relationships, and focus on innovation and sustainability. The company's strategic initiatives to expand its branded presence and penetrate new markets, coupled with the long-term growth trends in home décor and organized retail, provide a positive growth trajectory. However, the business remains susceptible to global economic cycles, raw material price volatility, and intense competition, which can impact profitability. Its ability to navigate these external factors while continuing to drive product differentiation and operational efficiency will be crucial for sustained performance.

Welspun Living Share Price

Live · BSE / NSE · Inception: 1985
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Welspun Living Quarterly Results

#(Fig in Cr.) Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Net Sales 2575 2536 2873 2490 2646 2261 2441 2262 2435 2795
Other Income 41 52 63 38 2 29 15 14 16 33
Total Income 2617 2588 2936 2528 2648 2289 2456 2277 2451 2828
Total Expenditure 2217 2195 2515 2209 2330 2035 2288 2102 2186 2474
Operating Profit 400 393 421 319 318 254 168 175 265 354
Interest 52 43 55 62 57 42 43 39 37 34
Depreciation 96 97 86 98 93 88 101 102 103 100
Exceptional Income / Expenses 0 0 0 0 0 0 0 -19 0 0
Profit Before Tax 252 253 280 158 168 124 24 14 125 219
Provision for Tax 122 67 78 36 35 35 9 12 19 58
Profit After Tax 131 186 202 122 133 89 15 3 106 161
Adjustments 16 -0 -1 -2 -1 -2 -2 -2 -2 -1
Profit After Adjustments 146 186 201 121 132 88 13 0 104 161
Adjusted Earnings Per Share 1.5 1.9 2.1 1.3 1.4 0.9 0.1 0 1.1 1.7

Welspun Living Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 5922 6638 6050 6527 6741 7340 9311 8094 9679 10545 9399 9933
Other Income 90 81 81 82 95 68 66 121 146 152 69 78
Total Income 6012 6718 6131 6608 6836 7408 9377 8215 9825 10697 9468 10012
Total Expenditure 4329 5055 4927 5462 5526 5988 7953 7341 8310 9247 8606 9050
Operating Profit 1683 1664 1205 1147 1310 1420 1425 874 1515 1451 862 962
Interest 237 158 141 159 178 198 131 130 153 217 161 153
Depreciation 372 505 504 436 481 454 420 442 394 373 394 406
Exceptional Income / Expenses 0 -465 0 -265 43 0 0 0 0 0 -19 -19
Profit Before Tax 1074 536 560 287 694 769 873 302 967 860 287 382
Provision for Tax 325 173 161 61 170 218 266 99 294 216 75 98
Profit After Tax 749 362 398 226 524 551 607 203 673 644 213 285
Adjustments -13 -5 -13 -16 -17 -11 -6 -4 8 -5 -8 -7
Profit After Adjustments 737 358 385 210 507 540 601 199 681 639 204 278
Adjusted Earnings Per Share 7.3 3.6 3.8 2.1 5 5.4 6.1 2 7 6.7 2.1 2.9

Welspun Living Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 1970 2397 2606 2779 2972 3645 3972 4088 4516 4821 4917
Minority's Interest 41 36 47 71 85 99 105 108 97 100 61
Borrowings 1792 2016 1703 1554 1407 970 1054 972 833 879 871
Other Non-Current Liabilities 253 382 363 385 384 546 641 692 943 1214 1273
Total Current Liabilities 2420 2427 2469 2893 3347 3306 3541 2667 3096 3253 3271
Total Liabilities 6476 7258 7187 7682 8194 8566 9312 8527 9485 10267 10392
Fixed Assets 3348 3689 3460 3306 3933 3814 4005 3918 3813 4022 4460
Other Non-Current Assets 330 140 216 746 293 354 457 191 355 777 751
Total Current Assets 2798 3429 3511 3631 3968 4397 4850 4418 5317 5469 5181
Total Assets 6476 7258 7187 7682 8194 8566 9312 8527 9485 10267 10392

Welspun Living Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 199 106 124 119 154 205 299 232 146 201 284
Cash Flow from Operating Activities 1328 832 545 807 777 954 587 756 533 688 1175
Cash Flow from Investing Activities -801 -712 -302 -540 -459 -98 -600 243 -209 57 -348
Cash Flow from Financing Activities -620 -99 -250 -232 -269 -762 -55 -1086 -269 -663 -975
Net Cash Inflow / Outflow -93 21 -6 35 49 93 -68 -87 55 82 -148
Closing Cash & Cash Equivalent 106 124 119 154 205 299 232 146 201 284 138

Welspun Living Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 7.3 3.56 3.83 2.09 5.05 5.37 6.08 2.01 7.01 6.66 2.13
CEPS(Rs) 11.16 8.64 8.98 6.59 10.01 10 10.4 6.52 10.98 10.61 6.33
DPS(Rs) 1.3 0.65 0.65 0.3 1 0.15 0.15 0.1 0.1 1.7 0.1
Book NAV/Share(Rs) 19.61 23.86 25.93 27.66 29.58 36.28 40.17 41.33 46.4 50.09 51.16
Core EBITDA Margin(%) 26.89 23.84 17.91 16.32 18.02 18.42 14.59 9.3 14.14 11.77 7.88
EBIT Margin(%) 22.14 10.45 11.17 6.84 12.94 13.16 10.78 5.33 11.57 9.77 4.46
Pre Tax Margin(%) 18.14 8.06 8.92 4.4 10.3 10.47 9.38 3.73 9.99 7.8 2.86
PAT Margin (%) 12.65 5.46 6.35 3.47 7.78 7.5 6.52 2.5 6.95 5.84 2.11
Cash Profit Margin (%) 18.92 13.07 14.39 10.14 14.92 13.68 11.03 7.96 11.03 9.23 6.03
ROA(%) 12.31 5.28 5.51 3.04 6.61 6.57 6.79 2.27 7.47 6.52 2.06
ROE(%) 44.04 16.6 15.92 8.4 18.23 16.65 15.94 5.03 15.66 13.83 4.38
ROCE(%) 26.94 12.7 12.08 7.45 13.95 14.98 14.72 6.35 16.63 15.04 6.41
Receivable days 39.95 49.74 55.03 56.14 58.56 56.39 42.75 44.19 41.77 47.98 53.6
Inventory Days 67.94 65.56 75.26 73.81 77.51 82.09 73.52 89.01 76.2 70.42 78.93
Payable days 82.11 92.23 91.41 79.47 96.34 110.11 77.31 76.91 67.86 69.75 96.66
PER(x) 13.61 24.6 15.12 28.56 4.32 15.1 14.93 31.66 19.64 20.27 51.04
Price/Book(x) 5.07 3.67 2.23 2.16 0.74 2.24 2.26 1.54 2.97 2.7 2.13
Dividend Yield(%) 1.31 0.74 1.12 0.5 4.59 0.19 0.17 0.16 0.07 1.26 0.09
EV/Net Sales(x) 2.21 1.8 1.48 1.4 0.8 1.44 1.28 1.05 1.62 1.43 1.29
EV/Core EBITDA(x) 7.79 7.18 7.42 7.96 4.12 7.46 8.35 9.69 10.33 10.42 14.03
Net Sales Growth(%) 11.68 12.09 -8.86 7.88 3.29 8.89 26.86 -13.08 19.59 8.95 -10.87
EBIT Growth(%) 26.55 -47.09 0.96 -36.3 95.44 10.79 3.94 -57 159.47 -3.81 -58.34
PAT Growth(%) 37.63 -51.63 9.88 -43.2 131.84 5.04 10.16 -66.62 232.2 -4.27 -66.94
EPS Growth(%) 35.84 -51.24 7.66 -45.49 141.8 6.37 13.27 -66.93 248.31 -4.91 -68.01
Debt/Equity(x) 1.65 1.38 1.26 1.19 1.16 0.78 0.8 0.58 0.56 0.51 0.37
Current Ratio(x) 1.16 1.41 1.42 1.25 1.19 1.33 1.37 1.66 1.72 1.68 1.58
Quick Ratio(x) 0.7 0.88 0.89 0.79 0.73 0.79 0.81 0.92 1.05 1.01 0.92
Interest Cover(x) 5.54 4.38 4.98 2.8 4.91 4.89 7.65 3.32 7.3 4.96 2.78
Total Debt/Mcap(x) 0.33 0.38 0.56 0.55 1.57 0.35 0.36 0.37 0.19 0.19 0.17

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -11% +5% +5% +5%
Operating Profit CAGR -41% 0% -10% -6%
PAT CAGR -67% +2% -17% -12%
Share Price CAGR +105% +26% +8% +16%
ROE Average +4% +11% +11% +16%
ROCE Average +6% +13% +12% +13%

Welspun Living Shareholding Pattern

Latest · Jun 2026
100% held
Promoters 66.36 %
FII 5.21 %
DII (MF + Insurance) 11.39 %
Public (retail) 17.04 %
# Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Promoter 70.570.566.2466.2466.2466.2466.2466.2466.2466.36
FII 7.145.897.085.915.364.754.975.034.995.21
DII 5.445.497.668.318.939.258.5910.4411.211.39
Public 16.9218.1219.0219.5519.4819.7620.218.2917.5717.04
Others 0000000000
Total 100100100100100100100100100100

Welspun Living Peer Comparison

Welspun Living Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Welspun Living Pros & Cons

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 11% over the last 3 years.
  • Debtor days have increased from 69.75 to 96.66days.
  • Stock is trading at 4.7 times its book value.
  • The company has delivered a poor profit growth of -17% over past five years.
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