Key Financials Snapshot

TTM · Standalone · ₹ in Cr
Market Cap
₹639 Cr.
Stock P/E
210.9
P/B
1
Current Price
₹1748.8
Book Value
₹ 1837.5
Face Value
10
52W High
₹2457
52W Low
₹ 0
Dividend Yield
0%

Welspun Investments Overview

Business

Welspun Investments and Commercials Ltd. (WELINV) operates as an investment company in India. Its core business model revolves around holding and managing a portfolio of investments, primarily in equity and debt instruments. The company primarily generates income through dividends and capital gains from its equity investments, interest income from debt instruments or inter-corporate deposits, and rental income from any property investments. It often acts as a holding company or an investment vehicle for strategic investments within the broader Welspun Group, investing in both listed and unlisted entities to support group diversification and financial management.

Revenue Mix

As a pure investment company, WELINV's operations are typically consolidated under a single "Investments" segment. Specific granular breakdowns of revenue by asset class (e.g., equity vs. debt, listed vs. unlisted) are not always readily available in public summaries but are reflected in its financial statements. Its major revenue streams generally include:

Dividend income from equity investments.

Interest income from debt instruments or loans given.

Capital gains on the sale of investments.

Other income (e.g., rental income, treasury operations).

The mix heavily depends on the current portfolio strategy and market conditions.

Industry

The company operates in the highly competitive Indian finance and investment sector, which includes a wide array of entities such as non-banking financial companies (NBFCs), asset management companies, private equity firms, and other investment holding companies. WELINV is positioned primarily as an investment vehicle and holding company, often supporting the strategic financial interests of the larger Welspun Group rather than competing directly with large public-facing fund managers or NBFCs in retail lending. Its positioning is more akin to a strategic investment arm within a diversified business conglomerate.

MOAT

WELINV's primary advantages stem from its association with the well-established Welspun Group. These include:

Promoter Backing & Group Synergies: Access to capital, investment opportunities, and financial expertise from the parent group.

Strategic Capital Allocation: Ability to make long-term strategic investments in group companies or related sectors, which might not be accessible to independent investors.

Established Relationships: Leveraging the group's network for deal sourcing and financial structuring.

However, as a pure investment company, it generally lacks direct operational moats like brand loyalty, proprietary technology, or significant economies of scale in consumer-facing finance. Its "moat" is largely derived from its intelligent capital allocation and strategic role within the group.

Growth Drivers

Key factors that can drive growth for WELINV over the next 3-5 years include:

Performance of Underlying Investments: Growth and profitability of the companies in which WELINV has invested, particularly within the Welspun Group, will directly impact its dividend income and capital appreciation.

Economic Growth: A buoyant Indian economy generally leads to higher corporate profits and a more favorable environment for investment returns.

Strategic Capital Allocation: Prudent investment decisions in high-growth sectors or promising ventures by the management.

Increased Asset Base: Ability to raise further capital or generate internal accruals to expand its investment portfolio.

Market Opportunities: Identifying and capitalizing on specific market inefficiencies or sector-specific growth trends.

Risks

Market Volatility: Fluctuations in equity and debt markets can significantly impact the value of its investment portfolio and capital gains.

Concentration Risk: If a significant portion of its investments is concentrated in a few entities or sectors (e.g., within the Welspun Group), the performance of those specific investments can heavily influence overall returns.

Investment Performance Risk: Poor capital allocation decisions or underperformance of underlying investments can lead to erosion of capital.

Interest Rate Risk: Changes in interest rates can affect the value of debt investments and the cost of borrowing (if applicable).

Regulatory Changes: Any adverse changes in tax laws or investment regulations could impact profitability.

Liquidity Risk: Difficulty in exiting large strategic investments quickly without impacting their market price.

Management & Ownership

Welspun Investments and Commercials Ltd. is part of the Welspun Group, a prominent Indian conglomerate with interests in textiles, infrastructure, and other sectors. The company's management and board are typically composed of experienced professionals, often linked to the broader Welspun Group's leadership, ensuring strategic alignment. The promoter group (Welspun Group entities and families) holds a significant majority stake, indicating strong control and long-term commitment. Public shareholders hold the remaining portion. This promoter-driven ownership structure suggests that the company's strategy is often aligned with the long-term vision and financial goals of the larger group.

Outlook

WELINV's outlook is closely tied to the overall performance of the Indian economy, capital markets, and the strategic direction and success of the Welspun Group's core businesses. The company benefits from the financial backing and strategic insight of a well-established industrial group, allowing it to undertake strategic, long-term investments. Potential upsides include strong capital appreciation from its diversified investment portfolio in a growing economy and steady dividend/interest income. However, its performance remains susceptible to market downturns, poor investment selection, and concentration risks, especially if a large portion of its assets are tied to a few key entities. Its role as a group investment vehicle suggests a stable, long-term approach to wealth management and strategic financial support rather than aggressive, high-risk trading.

Welspun Investments Share Price

Live · BSE / NSE · Inception: 2008
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Standalone · annual

Welspun Investments 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 0 0 5 0 0 0 5 0 0 0
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 0 0 5 0 0 0 5 0 0 0
Total Expenditure 0 0 0 0 0 0 0 0 0 0
Operating Profit -0 0 5 0 -0 -0 5 -0 -0 -0
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax -0 0 5 0 -0 -0 5 -0 -0 -0
Provision for Tax -0 0 1 0 -0 0 1 -0 -0 0
Profit After Tax -0 0 4 0 0 -0 3 -0 -0 -0
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -0 0 4 0 0 -0 3 -0 -0 -0
Adjusted Earnings Per Share -0.2 0.1 9.9 0.2 0 -0.6 9.6 -0.3 -0.4 -0.4

Welspun Investments 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 1 1 1 2 8 1 4 8 4 5 5 5
Other Income 0 0 0 0 0 0 0 0 0 0 0 0
Total Income 1 1 1 2 8 1 4 8 4 5 5 5
Total Expenditure 1 1 1 1 1 0 0 0 0 0 1 0
Operating Profit 0 0 0 1 7 1 4 7 4 5 4 5
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 0 0 0 1 7 1 4 7 4 5 4 5
Provision for Tax 0 0 0 -0 -0 0 1 2 1 1 1 1
Profit After Tax 0 0 0 1 7 1 2 5 3 4 3 3
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 0 0 0 1 7 1 2 5 3 4 3 3
Adjusted Earnings Per Share 0.3 0.1 0.7 1.7 20.1 2.2 6.8 15 7.6 10.1 8.3 8.5

Welspun Investments 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 16 81 127 125 61 138 144 191 458 729 672
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 0 0 0 -0 -2 0 1 4 36 91 81
Total Current Liabilities 0 0 0 0 0 0 0 0 0 0 0
Total Liabilities 16 81 127 125 59 138 145 195 493 820 753
Fixed Assets 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 15 80 126 123 57 135 139 194 489 817 747
Total Current Assets 1 1 1 1 2 3 6 1 4 3 6
Total Assets 16 81 127 125 59 138 145 195 493 820 753

Welspun Investments 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 1 1 0 0 0 0 0 0 0 0 0
Cash Flow from Operating Activities -0 -0 -0 -0 -0 -1 -1 -2 -1 -2 -2
Cash Flow from Investing Activities 0 -1 0 0 0 1 1 2 1 2 7
Cash Flow from Financing Activities 0 0 0 0 0 0 0 0 0 0 0
Net Cash Inflow / Outflow 0 -1 0 0 0 -0 0 0 -0 0 5
Closing Cash & Cash Equivalent 1 0 0 0 0 0 0 0 0 0 5

Welspun Investments 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) 0.27 0.14 0.7 1.68 20.07 2.17 6.75 15 7.6 10.13 8.29
CEPS(Rs) 0.27 0.14 0.7 1.68 20.07 2.17 6.75 15 7.6 10.13 8.29
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 42.83 221.31 346.77 341.23 166.01 377.24 395.37 523.66 1252.45 1995.43 1837.92
Core EBITDA Margin(%) 11.6 0.58 18.03 27.02 87.74 77.69 91.97 95.63 90.04 93.32 77.64
EBIT Margin(%) 13.57 6.46 18.78 31.59 87.76 77.7 91.97 95.63 90.04 93.58 78.13
Pre Tax Margin(%) 13.57 6.46 18.78 31.59 87.76 77.7 91.97 95.63 90.04 93.58 78.13
PAT Margin (%) 13.57 6.46 18.78 34.92 88.38 58.03 58.45 71.62 67.27 70.57 58.3
Cash Profit Margin (%) 13.57 6.46 18.78 34.92 88.38 58.03 58.45 71.62 67.27 70.57 58.3
ROA(%) 0.63 0.11 0.25 0.49 7.98 0.8 1.74 3.22 0.81 0.56 0.39
ROE(%) 0.63 0.11 0.25 0.49 7.91 0.8 1.75 3.26 0.86 0.62 0.43
ROCE(%) 0.63 0.11 0.25 0.44 7.86 1.07 2.75 4.36 1.15 0.83 0.58
Receivable days 0 0 0 0 0 0 0 0 0 0 0
Inventory Days 0 0 0 0 0 0 0 0 0 0 0
Payable days 0 0 0 0 0 0 0 0 0 0 0
PER(x) 195.57 580.83 209.82 84.58 7.72 191.49 39.42 17.77 94.52 79.96 148.8
Price/Book(x) 1.24 0.38 0.42 0.42 0.93 1.1 0.67 0.51 0.57 0.41 0.67
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 24.97 37.42 39.31 29.47 6.81 111.04 23 12.67 63.56 56.4 85.72
EV/Core EBITDA(x) 184.02 579.26 209.31 102.55 7.76 142.91 25.01 13.25 70.58 60.27 109.71
Net Sales Growth(%) -15.89 10.77 68.64 28.92 372.14 -83.55 209.3 81.31 -46.08 27.14 -0.92
EBIT Growth(%) 64.61 -47.26 390.23 116.83 1211.82 -85.44 266.12 88.53 -49.24 32.13 -17.28
PAT Growth(%) 95.14 -47.26 390.23 139.73 1094.98 -89.2 211.58 122.14 -49.36 33.37 -18.15
EPS Growth(%) 95.1 -47.27 390.27 139.71 1095 -89.2 211.58 122.14 -49.36 33.37 -18.15
Debt/Equity(x) 0 0 0 0 0 0 0 0 0 0 0
Current Ratio(x) 21.14 21.34 27.8 30.82 44.54 203.43 391.78 79.45 192.99 117.41 70.61
Quick Ratio(x) 21.14 21.34 27.8 30.82 44.54 203.43 391.78 79.45 192.99 117.41 70.61
Interest Cover(x) 0 0 0 0 0 0 0 0 0 0 0
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0 0

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 0% -15% +38% +17%
Operating Profit CAGR -20% -17% +32% —
PAT CAGR -25% -16% +25% —
Share Price CAGR +50% +44% +41% +37%
ROE Average 0% +1% +1% +2%
ROCE Average +1% +1% +2% +2%

Welspun Investments Shareholding Pattern

Latest · Jun 2026
100% held
Promoters 74.58 %
FII 0 %
DII (MF + Insurance) 0.01 %
Public (retail) 25.41 %
# Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Promoter 74.5874.5874.5874.5874.5874.5874.3474.5874.5874.58
FII 0000000000
DII 0.010.010.010.010.010.010.010.010.010.01
Public 25.4125.4125.4125.4125.4125.4125.6525.4125.4125.41
Others 0000000000
Total 100100100100100100100100100100

Welspun Investments Peer Comparison

Finance - Investment Edit Columns

Welspun Investments Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Welspun Investments Pros & Cons

Pros

  • Company has delivered good profit growth of 24% CAGR over last 5 years
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 1% over the last 3 years.
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