Welspun Enterprises Ltd.
NSE: WELENT · Civil Construction · sector
₹625.05NSE close 2026-10-26
Key numbers
Market cap₹8,476 cr
Price₹625.05
52w high / low₹842 / ₹412
P/E27.7xSector median 12.2x
P/B2.8xSector median 1.3x
Book value₹224.5
Dividend yield0.48%Sector median 0.76%
ROE11.0%Sector median 10.2%
ROCE14.4%Sector median 12.9%
OPM18.8%Sector median 10.7%
Debt / equity0.65xSector median 0.36x
EV/EBITDA13.1xSector median 8.8x
Interest cover3.5x
Current ratio1.87x
Sales growth 3y+9.4%Sector median +6.7%
Profit growth 3y-21.5%Sector median +5.8%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 119 companies in Civil Construction (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹1,721 cr vs borrowings ₹1,972 cr (FY26): borrowings are higher by ₹251 cr.
- Operating profit covered interest 3.5x in the last 12 months.
- No promoter shares are pledged.
- Promoter holding rose by 0.65 percentage points in a year, to 56.13% (2026-09-30).
- Operating cash flow was below net profit in 4 of the last 5 years (FY26, FY25, FY24, FY23).
- Revenue was higher than a year earlier in 1 of the last 4 quarters.
- Other income was 34% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹625.05 on 2026-10-26: -25.8% from the 52-week high, +51.7% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹782.85 · low ₹418.85
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 789 | 867 | 1,021 | 845 | 784 | 787 | 1,199 | 774 |
| EBITDA | 100 | 128 | 154 | 182 | 172 | 105 | 239 | 151 |
| OPM % | 12.7% | 14.8% | 15.0% | 21.6% | 22.0% | 13.4% | 19.9% | 19.5% |
| Other income | 49 | 52 | 54 | 26 | 19 | 20 | 32 | 35 |
| Net profit | 59 | 71 | 95 | 91 | 90 | 27 | 145 | 47 |
| EPS (₹) | 4.29 | 5.20 | 6.93 | 6.64 | 6.61 | 1.75 | 10.80 | 3.43 |
| Revenue YoY | -0.6% | -9.2% | +17.4% | -8.4% | ||||
| Profit YoY | +54.5% | -62.6% | +53.0% | -48.7% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 1,401 | 2,758 | 2,872 | 3,584 | 3,615 | 3,544 |
| EBITDA | 149 | 731 | 425 | 522 | 699 | 667 |
| Net profit | 125 | 723 | 295 | 323 | 350 | 308 |
| EPS (₹) | 8.37 | 48.20 | 21.50 | 23.61 | 25.80 | 22.59 |
| Revenue growth | +96.8% | +4.1% | +24.8% | +0.9% | +0.6% | |
| Profit growth | +479.6% | -59.2% | +9.3% | +8.5% | -2.2% | |
| Dividend / share (₹) | 1.50 | 9.00 | 1.00 | 3.00 | 3.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +9.4% | +18.8% | +0.6% |
| Net profit | -21.5% | +22.1% | -2.2% |
| EPS | -18.8% | +24.4% | – |
| Share price | – | +12.4% (2y) | +24.7% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 1,791 | 2,323 | 2,540 | 3,044 |
| Borrowings | – | 2,515 | 752 | 1,490 | 1,972 |
| Cash & equivalents | – | 388 | 966 | 1,107 | 1,721 |
| Total assets | – | 5,895 | 4,949 | 6,058 | 7,329 |
| Fixed assets | – | 39 | 150 | 169 | 148 |
| Capital work in progress | – | 64 | 7 | 7 | 7 |
| Investments | – | 0 | 2 | 0 | 0 |
| Receivables | – | 138 | 429 | 253 | 510 |
| Inventory | – | 48 | 157 | 163 | 174 |
| Payables | – | 408 | 463 | 847 | 988 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 287 | -112 | -344 | -273 | 112 |
| Cash from investing | -487 | 1,306 | -52 | -17 | -877 |
| Cash from financing | 125 | 151 | -480 | 536 | 426 |
| Capex | 436 | 156 | 71 | 52 | 34 |
| Free cash flow | -149 | -268 | -415 | -325 | 78 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 40.4% | 12.7% | 12.7% | 11.5% |
| ROCE % | – | 20.0% | 19.1% | 16.9% | 14.9% |
| Debtor days | – | 18 | 54 | 26 | 51 |
| Inventory days | – | 45 | 121 | 94 | 101 |
| Payable days | – | 382 | 359 | 487 | 575 |
| Cash conversion cycle (days) | – | -319 | -184 | -367 | -423 |
| Working capital days | – | 22 | 178 | 152 | 197 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 56.13% |
| FIIs | 7.92% |
| DIIs | 6.19% |
| of which Mutual funds | 5.10% |
| of which Insurance | 0.36% |
| Public (non-institutions) | 27.74% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 54.80% | 55.31% | 55.31% | 55.48% | 56.13% | 56.13% | 56.13% | 56.13% |
| Promoter group | % |
|---|---|
| Balkrishan Goenka Trustee of Welspun Group Master Trust | 49.98% |
| Welspun Investments and Commercials Limited | 3.43% |
| Aryabhat Vyapar Private Limited | 2.72% |
| Sitadevi Rameshkumar Mandawewala | 0.00% |
| Rajesh R Mandawewala | 0.00% |
| Balkrishan Gopiram Goenka | 0.00% |
| Dipali B. Goenka | 0.00% |
| Ms. Radhika Goenka Agarwal | 0.00% |
| Ms. Vanshika Goenka Misra | 0.00% |
| Mrs. Pratima Mandawewala | 0.00% |
| Mr. Abhishek Mandawewala | 0.00% |
| Mr. Ramesh Mandawewala | 0.00% |
| Mr. Yash Mandawewala | 0.00% |
| Rajesh Mandawewala HUF | 0.00% |
| BKG HUF | 0.00% |
| Public holders above 1% | % |
|---|---|
| Quant Mutual Fund-quant Small CAP Fund | 5.00% |
| Dilipkumar Lakhi | 3.10% |
| Fidelity Securities Fund: Fidelity Blue Chip Growth Fund | 2.44% |
| Chirag Dilipkumar Lakhi | 2.13% |
| Welspun Enterprises Empolyees Welfare Trust | 2.02% |
| Sandeep Garg | 1.88% |
52,416 shareholders. Pledged: 0.00% of promoter shares.
Peers in Civil Construction
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| LT | ₹5,06,276 cr | 30.5x | 4.6x | 16.7% | 12.8% | 9.4% | +22.2% | 0.92% |
| RVNL | ₹38,083 cr | 42.4x | 3.9x | 9.3% | 10.5% | 4.3% | +0.2% | 1.51% |
| KPIL | ₹22,134 cr | 19.5x | 2.8x | 15.9% | 17.7% | 8.4% | +18.4% | 0.69% |
| IRB | ₹19,639 cr | 20.6x | 0.9x | 4.7% | 7.6% | 53.9% | +6.1% | 0.65% |
| CEMPRO | ₹19,444 cr | 32.3x | 8.1x | 28.4% | 32.3% | 10.4% | +25.5% | 0.18% |
| NBCC | ₹18,536 cr | 25.1x | 6.1x | 27.0% | 33.9% | 5.8% | +13.8% | 1.08% |
| ENGINERSIN | ₹13,725 cr | 17.5x | 4.4x | 27.0% | 28.8% | 19.4% | +5.7% | 1.84% |
| TECHNOE | ₹9,612 cr | 22.3x | 2.3x | 10.9% | 13.7% | 14.0% | +57.7% | 1.09% |
| IRCON | ₹9,177 cr | 17.5x | 1.4x | 8.1% | 8.2% | 8.3% | -4.4% | 2.25% |
| WELENT | ₹8,476 cr | 27.7x | 2.8x | 11.0% | 14.4% | 18.8% | +9.4% | 0.48% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Transport | ₹1,425 cr | 39.4% | ₹359 cr | 25.2% |
| Water | ₹1,240 cr | 34.3% | ₹325 cr | 26.2% |
| Tunneling and Rehabilitation | ₹951 cr | 26.3% | ₹196 cr | 20.6% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-07-03 | Dividend | Dividend - Rs 3 Per Share |
| 2025-07-04 | Dividend | Dividend - Rs 3 Per Share |
| 2024-07-05 | Dividend | Annual General Meeting/Dividend - Rs 3 Per Share |
| 2023-06-30 | Dividend | Annual General Meeting/Dividend - Re 1 Per Share |
| 2023-02-13 | Buyback | Buy Back |
| 2023-01-11 | Dividend | Special Dividend - Rs 7.50 Per Share |
| 2022-06-30 | Dividend | Dividend - Rs 1.50 Per Share |
| 2021-08-18 | Dividend | Dividend - Rs 1.50 Per Share |
| 2020-06-11 | Dividend | Dividend - Rs 2 Per Share |
| 2019-07-25 | Dividend | Dividend - Rs 2 Per Share |
| 2018-06-25 | Dividend | Dividend- Rs 1.5 Per Share |
| 2017-09-14 | Dividend | Dividend- Re 0.75 Per Share |
| 2017-02-13 | Buyback | Buy Back |
| 2016-09-20 | Other | Annual General Meeting |
| 2015-09-22 | Other | Annual General Meeting |
| 2014-09-25 | Other | Annual General Meeting |
| 2013-09-17 | Other | Annual General Meeting |
| 2012-08-23 | Other | Annual General Meeting |
| 2011-08-17 | Other | Annual General Meeting |
| 2010-11-18 | Dividend | Annual General Meeting / Dividend @ Re.1/- Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Infrastructure development: One of India’s leading infrastructure development companies. WEL specializes in road and water projects under the Hybrid Annuity Model (HAM) and via large value Engineering, Procurement and Construction (EPC) contracts. It also selectively undertakes Build Operate-Transfer (BOT) projects.
| Sector | Industrials |
| Industry | Civil Construction |
| Sub-industry | Civil Construction |
| Symbol | WELENT |
| BSE code | 532553 |
| ISIN | INE625G01013 |
| Face value | ₹10.0 |
| Incorporated | 1994-12-20 |
| Website | www.welspunenterprises.com |
| Plants (India / abroad) | 11 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.