Welspun Enterprises Limited

NSE: WELENT · Construction

₹677.30-6.20%06 Nov 2026

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Instant answers about Welspun Enterprises Limited — computed from its filings, no language model

Market cap₹9,185 cr

Current price₹677.30

High / Low₹823 / ₹416

P/E18.1

P/B2.74

Book value₹246.9

ROE15.2%

ROCE17.6%

Debt / equity0.62

Dividend yield0.45%

EPS (TTM)₹37.52

Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 9 periods

	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	1,067	1,787	1,808	1,530	1,401	2,758	2,872	3,584	3,615
EBITDA	80	193	210	171	149	248	425	522	748
Operating margin	7.5%	10.8%	11.6%	11.2%	10.6%	9.0%	14.8%	14.6%	20.7%
Interest	33	54	77	110	140	119	110	158	198
Depreciation	24	11	23	16	16	13	28	51	51
Profit before tax	119	221	222	187	167	742	479	522	547
Tax	46	80	52	50	41	57	130	136	139
Net profit	69	0	151	129	125	723	295	323	350
EPS ₹	4.71	8.58	10.19	8.67	8.37	48.20	21.50	23.61	25.80
Operating cash flow	—	—	—	—	287	-112	-344	-273	112
Capex	—	—	—	—	7	5	71	52	34
Dividend paid	—	—	—	—	22	135	14	41	41
Total assets	—	—	—	—	—	5,895	4,949	6,058	7,329
Equity	—	—	—	—	—	1,791	2,323	2,540	3,044

Quarterly performance

last 34 quarters · ₹ crore

showing latest 8 of 34 periods

	MAR '18	JUN '18	SEP '18	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	405	355	260	446	725	523	310	504	471	190	347	423	569	372	303	242	485	530	692	845	699	646	707	821	907	789	867	1,021	845	784	787	1,199	774	1,035
Operating profit	45	30	26	46	90	54	35	55	65	19	37	45	70	33	27	14	75	48	69	95	105	83	126	111	140	100	128	153	182	172	154	239	151	384
Operating margin	11.2%	8.6%	10.1%	10.4%	12.4%	10.4%	11.3%	10.9%	13.9%	10.2%	10.6%	10.7%	12.3%	9.0%	8.8%	5.7%	15.5%	9.1%	9.9%	11.2%	15.1%	12.8%	17.9%	13.5%	15.5%	12.7%	14.8%	15.0%	21.6%	22.0%	19.6%	19.9%	19.5%	37.1%
Other income	27	25	30	13	5	17	34	37	31	32	36	42	32	41	41	42	50	22	24	71	51	47	47	46	53	49	52	54	26	19	20	32	35	41
Interest	11	13	14	12	14	18	19	23	25	22	28	28	32	34	34	36	36	27	31	37	27	27	28	28	30	34	50	44	42	53	52	53	53	63
Depreciation	5	3	2	3	5	6	7	6	4	4	4	4	4	3	4	4	4	3	3	4	3	6	9	9	9	14	14	15	11	13	13	13	11	11
Profit before tax	46	40	42	63	76	48	43	64	67	26	41	55	66	37	29	16	85	107	416	185	127	97	136	119	154	102	117	150	155	126	60	206	121	352
Tax	19	17	13	19	32	19	11	20	1	5	10	12	23	10	7	4	20	5	14	29	33	25	38	34	38	28	34	37	40	30	27	42	31	52
Net profit	25	23	0	43	0	20	0	26	91	20	30	38	41	25	22	13	65	100	401	141	92	62	72	70	98	59	71	95	91	90	27	145	47	291
EPS ₹	1.72	1.54	2.10	2.93	2.00	1.34	0.98	1.76	6.11	1.33	2.04	2.56	2.74	1.70	1.50	0.84	4.32	8.82	26.75	9.45	6.59	4.56	5.24	5.11	7.18	4.29	5.20	6.93	6.64	6.61	1.75	10.80	3.43	21.45
Revenue YoY	—	—	—	—	78.9%	47.2%	19.1%	13.0%	-35.1%	-63.6%	12.2%	-16.1%	20.8%	96.0%	-12.9%	-42.9%	-14.8%	75.2%	186.6%	74.4%	—	21.7%	2.1%	-2.8%	29.8%	22.1%	22.7%	24.4%	-6.9%	-0.6%	-9.2%	17.4%	-8.4%	32.0%
Profit YoY	—	—	—	—	-100.0%	-13.1%	—	-39.9%	—	0.1%	—	46.3%	-55.1%	28.1%	-26.6%	-67.1%	58.5%	350.7%	3092.8%	119.3%	—	-38.2%	-82.1%	-50.7%	6.8%	-5.7%	-0.1%	35.6%	-7.4%	54.5%	-62.6%	53.0%	-48.7%	221.7%

Earlier results (standalone, Sep '07 – Dec '17)

₹ crore · from BSE, before the NSE XBRL filings begin

Welspun Enterprises Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

	FY09†	FY10†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†
Revenue	366	421	295	375	203	150	185	307
Operating profit	73	97	20	70	-25	-9	-29	-28
Operating margin	20.0%	23.1%	6.7%	18.6%	-12.1%	-6.3%	-15.7%	-9.2%
Other income	4	4	7	15	33	27	79	96
Interest	27	31	9	20	13	13	11	8
Depreciation	24	27	16	60	28	25	26	29
Profit before tax	26	43	2	5	-66	24	20	53
Tax	3	15	-0	-1	-8	14	-12	10
Net profit	24	29	2	5	-58	11	33	43

Quarters

showing latest 8 of 41 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†
Revenue	48	58	77	77	84	93	113	102	90	121	108	79	44	58	40	65	66	124	55	45	70	204	47	42	42	72	45	29	25	51	21	29	62	73	31	35	53	188	213	145	273
Operating profit	8	14	18	16	14	19	25	22	22	26	27	17	-16	9	1	-1	-3	23	2	-2	-0	69	-5	-9	4	-14	4	-5	3	-12	-5	-11	-8	-5	-8	-18	-8	7	20	9	22
Operating margin	17.2%	23.4%	23.0%	20.7%	16.4%	20.4%	22.0%	21.5%	24.1%	21.9%	25.1%	22.0%	-37.4%	16.1%	3.5%	-2.2%	-4.2%	18.1%	4.3%	-3.6%	-0.6%	33.9%	-10.2%	-22.0%	8.4%	-19.6%	9.8%	-17.3%	11.8%	-23.2%	-21.7%	-37.3%	-13.8%	-6.9%	-27.2%	-51.4%	-15.7%	3.6%	9.2%	6.0%	7.9%
Other income	1	1	0	1	3	1	-0	1	1	0	1	2	13	1	0	-0	0	7	3	3	5	4	3	2	3	25	3	3	4	17	17	22	16	23	32	22	18	23	17	25	25
Interest	5	6	6	6	7	8	7	8	8	8	8	9	9	8	3	4	1	1	5	5	5	6	4	3	3	2	1	1	1	9	3	3	3	2	2	2	2	2	2	2	2
Depreciation	2	3	4	5	6	6	7	7	7	7	7	6	8	5	4	4	4	3	4	5	5	47	6	6	7	8	6	5	6	9	7	7	6	5	16	4	4	5	6	5	5
Profit before tax	2	6	8	7	4	5	10	8	7	12	15	5	-20	-3	-6	-10	-8	25	-3	-8	-5	20	-12	-16	-39	1	0	-8	0	32	3	1	17	-1	6	6	15	26	29	35	44
Tax	0	1	2	1	0	1	1	1	1	2	10	1	0	1	0	0	0	-0	0	-0	0	-1	2	2	0	-12	-1	-2	-0	17	0	0	-9	-4	0	3	-2	9	8	9	9
Net profit	2	4	6	6	4	5	9	7	6	11	5	4	-20	-4	-6	-10	-8	25	-3	-8	-5	21	-14	-18	-39	13	1	-6	1	15	3	1	26	3	6	3	17	18	21	26	34
EPS ₹	1.51	2.11	3.37	2.63	1.60	2.23	4.14	3.08	2.66	4.63	2.24	0.97	-4.95	-1.06	-3.66	-2.38	-1.97	6.35	-0.78	-1.90	-1.21	5.26	-3.60	-4.61	-9.64	3.29	0.33	-1.46	0.16	0.84	0.17	0.08	1.48	0.16	0.33	0.16	0.96	1.02	1.44	1.76	2.33
Revenue YoY	—	—	—	—	73.3%	58.9%	45.5%	32.4%	7.7%	30.1%	-3.6%	-22.6%	-51.3%	-52.1%	-49.4%	48.2%	14.3%	—	39.2%	-31.0%	6.7%	64.3%	-15.0%	-7.4%	-40.3%	-64.7%	-4.5%	-30.3%	-40.2%	-29.3%	-53.6%	0.9%	144.9%	43.3%	49.2%	19.7%	-14.3%	156.8%	583.3%	314.9%	417.0%
Profit YoY	—	—	—	—	51.5%	2.7%	47.6%	17.0%	66.0%	130.3%	-46.1%	-45.1%	-426.6%	-140.3%	-252.1%	—	—	—	—	—	—	-17.2%	—	—	—	-37.3%	—	—	—	10.3%	120.0%	—	3910.9%	-80.3%	99.3%	116.7%	-34.7%	521.0%	257.3%	805.6%	105.4%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 28 periods

	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	—	—	—	—	—	—	—	—	—	—	—	—	—	—	41.0%	31.9%	16.8%	12.7%	13.0%	12.2%	12.2%	12.7%	12.4%	12.9%	11.3%	11.6%	10.1%	15.2%
ROCE	—	—	—	—	—	—	—	—	—	—	—	—	—	—	22.2%	32.7%	22.9%	19.1%	20.1%	17.4%	17.4%	16.9%	17.2%	15.9%	14.8%	14.9%	14.4%	17.6%
Net margin	6.2%	3.7%	3.2%	3.2%	2.2%	7.6%	9.3%	11.0%	12.5%	8.4%	7.9%	7.6%	6.8%	8.9%	26.5%	24.2%	12.7%	10.3%	9.8%	9.2%	8.8%	9.0%	9.0%	9.9%	8.8%	9.8%	8.7%	13.4%
EBITDA margin	10.1%	10.8%	11.1%	11.2%	11.4%	11.6%	11.8%	11.7%	11.6%	11.2%	10.8%	10.5%	9.7%	10.6%	11.5%	12.2%	14.1%	14.8%	14.9%	14.8%	14.2%	14.6%	16.0%	18.1%	19.2%	20.7%	20.2%	24.4%
Debt / equity	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1.40	0.33	0.33	0.32	0.32	0.49	0.49	0.59	0.59	0.72	0.72	0.65	0.65	0.62
Interest coverage	4.76	5.13	4.86	4.59	4.08	3.61	3.25	3.03	2.84	2.69	2.62	2.45	2.09	2.19	7.87	7.81	5.62	5.36	5.47	5.23	4.45	4.31	4.09	3.92	3.59	3.76	3.45	4.36
Asset turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.47	0.58	0.58	0.58	0.62	0.59	0.62	0.59	0.58	0.55	0.54	0.49	0.48	0.49

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 9 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	150	150	136	137	137	137	137	136	136
Other equity / reserves	1,811	1,641	2,044	2,187	2,301	2,403	2,545	2,908	3,213
Total equity	1,961	1,791	2,180	2,323	2,437	2,540	2,681	3,044	3,349
Borrowings	927	2,515	715	752	1,204	1,490	1,928	1,972	2,090
Current liabilities	1,827	1,449	1,739	1,585	1,599	1,954	1,808	2,234	2,227
Non-current liabilities	908	2,651	885	873	1,219	1,395	1,710	1,834	1,926
Total assets	9,065	5,895	4,955	4,949	5,437	6,058	6,387	7,329	7,733
Property, plant & equipment	29	39	93	150	181	169	172	148	141
Capital work-in-progress	64	64	14	7	7	7	7	7	10
Investments	312	812	892	765	838	763	1,090	1,384	1,207
Inventories	59	48	188	157	181	163	156	174	202
Receivables	216	138	1,435	1,477	265	336	2,114	592	993
Cash & equivalents	50	234	121	252	170	512	89	174	27

Cash flow

annual · ₹ crore · line = free cash flow

	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	7	5	71	52	34
Free cash flow	280	-117	-415	-325	78
Dividends paid	22	135	14	41	41

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹141 cr2%

CWIP

₹10 cr0%

Investments

₹1,207 cr16%

Inventories

₹202 cr3%

Receivables

₹993 cr13%

Cash & equivalents

₹27 cr0%

Other assets

₹5,154 cr67%

Peer comparison

largest in Construction · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Larsen & Toubro Ltd.	5,66,554	4,117.70	31.7	5.01	15.8%
Rail Vikas Nigam Ltd.	40,312	193.34	44.8	4.10	9.2%
Kalpataru Projects International Ltd.	23,413	1,370.80	19.8	2.76	14.0%
Cemindia Projects Ltd.	22,734	1,323.30	47.0	8.68	18.5%
NBCC (India) Ltd.	21,184	78.00	26.6	6.59	24.7%
IRB Infrastructure Developers Ltd.	20,557	17.02	19.1	0.97	5.0%
Engineers India Ltd.	16,451	292.70	18.3	4.92	26.9%
Techno Electric & Engineering Company Ltd.	10,798	928.50	25.1	2.60	10.4%
IRCON International Ltd.	10,173	108.17	20.9	1.50	7.2%
RITES Ltd.	9,358	194.72	23.1	3.52	15.2%
Welspun Enterprises Limited	9,185	677.30	18.1	2.74	15.2%

StoxGud checklist: Bullish setup · 9/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-8.6%

6 months+29.1%

1 year+20.3%

3Y CAGR+33.9%

5Y CAGR+47.6%

10Y CAGR+26.2%

50-day avg₹722.35

200-day avg₹573.68

RSI (14)42

FAQs

What is the share price of Welspun Enterprises Limited?

Welspun Enterprises Limited (WELENT) closed at ₹677.30 on NSE on 06 Nov 2026.

What is the market cap of Welspun Enterprises Limited?

₹9,185 crore at the latest close.

What is the P/E ratio of Welspun Enterprises Limited?

18.1, on trailing-twelve-month earnings from its filings.

How fast is Welspun Enterprises Limited growing?

Welspun Enterprises Limited: revenue has compounded at 9.4% a year over three years; net profit at -21.5% a year. Latest-quarter revenue is up 32.0% year on year, profit up 221.7%.

How profitable is Welspun Enterprises Limited?

On a trailing-twelve-month basis return on equity is 15.2%, return on capital employed 17.6%, operating margin 24.4%, net margin 13.4%.

How much debt does Welspun Enterprises Limited have?

Welspun Enterprises Limited is moderately geared: debt to equity is 0.62 with borrowings of ₹2,090 cr against cash of ₹27 cr (balance sheet of 2026-09-30). Operating profit covers interest 4.4 times.

Financials parsed from Welspun Enterprises Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.