Welspun Corp Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: April 4, 2025, 10:42 am

Market Cap	21,460 Cr.
Current Price	818
High / Low	900/440
Stock P/E	14.5
Book Value	230
Dividend Yield	0.57 %
ROCE	20.2 %
ROE	19.8 %
Face Value	5.00
PEG Ratio	1.04

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Welspun Corp Ltd

Competitors of Welspun Corp Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Mukat Pipes Ltd	21.5 Cr.	18.2	26.0/11.4	166	5.76	0.00 %	%	%	5.00
Hariom Pipe Industries Ltd	1,142 Cr.	368	889/320	18.6	178	0.16 %	14.6 %	13.5 %	10.0
Earthstahl & Alloys Ltd	40.1 Cr.	32.8	55.5/0.00	26.6	30.7	0.00 %	8.22 %	5.21 %	10.0
Crimson Metal Engineering Company Ltd	4.57 Cr.	10.3	10.3/9.38		12.5	0.00 %	7.27 %	21.7 %	10.0
Welspun Corp Ltd	21,460 Cr.	818	900/440	14.5	230	0.57 %	20.2 %	19.8 %	5.00
Industry Average	8,817.69 Cr	488.38		41.69	139.12	0.40%	16.71%	14.57%	4.69

All Competitor Stocks of Welspun Corp Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	1,442	2,011	1,322	1,964	2,402	4,070	4,069	4,059	4,750	4,461	3,137	3,302	3,614
Expenses	1,347	1,940	1,293	2,095	2,236	3,650	3,712	3,660	4,287	4,131	2,763	2,902	3,179
Operating Profit	95	71	29	-131	166	421	357	400	463	330	374	400	434
OPM %	7%	4%	2%	-7%	7%	10%	9%	10%	10%	7%	12%	12%	12%
Other Income	58	415	76	191	38	91	50	227	62	178	83	125	487
Interest	27	30	31	47	70	95	92	75	62	75	66	83	82
Depreciation	64	63	61	70	80	91	86	86	90	87	85	89	90
Profit before tax	61	393	13	-58	53	325	228	466	373	347	305	352	749
Tax %	37%	33%	107%	9%	56%	26%	26%	17%	21%	17%	19%	20%	10%
Net Profit	39	264	-1	-63	23	240	168	387	294	287	248	283	672
EPS in Rs	1.75	9.05	0.16	-2.16	0.89	9.02	6.32	14.70	11.15	10.24	9.46	10.94	25.72

Last Updated: February 28, 2025, 4:10 pm

Below is a detailed analysis of the quarterly data for Welspun Corp Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is ₹3,614.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,302.00 Cr. (Sep 2024) to ₹3,614.00 Cr., marking an increase of 312.00 Cr..
For Expenses, as of Dec 2024, the value is ₹3,179.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 2,902.00 Cr. (Sep 2024) to ₹3,179.00 Cr., marking an increase of 277.00 Cr..
For Operating Profit, as of Dec 2024, the value is ₹434.00 Cr.. The value appears strong and on an upward trend. It has increased from 400.00 Cr. (Sep 2024) to ₹434.00 Cr., marking an increase of 34.00 Cr..
For OPM %, as of Dec 2024, the value is 12.00%. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 12.00%.
For Other Income, as of Dec 2024, the value is ₹487.00 Cr.. The value appears strong and on an upward trend. It has increased from 125.00 Cr. (Sep 2024) to ₹487.00 Cr., marking an increase of 362.00 Cr..
For Interest, as of Dec 2024, the value is ₹82.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 83.00 Cr. (Sep 2024) to ₹82.00 Cr., marking a decrease of 1.00 Cr..
For Depreciation, as of Dec 2024, the value is ₹90.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 89.00 Cr. (Sep 2024) to ₹90.00 Cr., marking an increase of 1.00 Cr..
For Profit before tax, as of Dec 2024, the value is ₹749.00 Cr.. The value appears strong and on an upward trend. It has increased from 352.00 Cr. (Sep 2024) to ₹749.00 Cr., marking an increase of 397.00 Cr..
For Tax %, as of Dec 2024, the value is 10.00%. The value appears to be improving (decreasing) as expected. It has decreased from 20.00% (Sep 2024) to 10.00%, marking a decrease of 10.00%.
For Net Profit, as of Dec 2024, the value is ₹672.00 Cr.. The value appears strong and on an upward trend. It has increased from 283.00 Cr. (Sep 2024) to ₹672.00 Cr., marking an increase of 389.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 25.72. The value appears strong and on an upward trend. It has increased from 10.94 (Sep 2024) to 25.72, marking an increase of 14.78.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 2:22 pm

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	9,083	7,705	8,450	7,236	5,899	6,347	8,953	9,957	7,153	6,505	9,758	17,340	14,514
Expenses	8,384	7,035	7,595	6,449	5,380	5,874	8,310	8,794	6,369	6,032	9,264	15,778	12,976
Operating Profit	699	670	855	787	519	473	644	1,163	784	473	494	1,561	1,538
OPM %	8%	9%	10%	11%	9%	7%	7%	12%	11%	7%	5%	9%	11%
Other Income	-26	174	96	99	139	128	-106	281	629	544	386	504	873
Interest	358	296	283	241	236	170	177	144	85	102	243	304	307
Depreciation	353	406	436	386	386	258	260	233	246	255	303	348	351
Profit before tax	-39	141	231	258	36	173	101	1,067	1,082	661	334	1,413	1,754
Tax %	126%	31%	8%	31%	72%	12%	122%	39%	24%	33%	40%	20%
Net Profit	-92	98	214	179	10	153	-22	654	827	444	199	1,136	1,490
EPS in Rs	-2.67	2.79	2.62	5.72	1.00	5.97	-0.50	24.36	29.42	16.82	7.90	42.44	56.36
Dividend Payout %	-19%	18%	19%	9%	50%	8%	-100%	43%	17%	30%	63%	12%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	206.52%	118.37%	-16.36%	-94.41%	1430.00%	-114.38%	3072.73%	26.45%	-46.31%	-55.18%	470.85%
Change in YoY Net Profit Growth (%)	0.00%	-88.15%	-134.72%	-78.06%	1524.41%	-1544.38%	3187.11%	-3046.27%	-72.76%	-8.87%	526.03%

Welspun Corp Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	8%
5 Years:	14%
3 Years:	34%
TTM:	-14%

Compounded Profit Growth
10 Years:	32%
5 Years:	91%
3 Years:	18%
TTM:	37%

Stock Price CAGR
10 Years:	30%
5 Years:	66%
3 Years:	60%
1 Year:	39%

Return on Equity
10 Years:	9%
5 Years:	14%
3 Years:	12%
Last Year:	20%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 6:33 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	131	131	132	133	133	133	133	130	130	130	131	131	131
Reserves	5,526	2,718	2,667	2,666	2,677	2,721	2,665	3,085	3,952	4,298	4,582	5,467	5,907
Borrowings	5,577	3,824	3,021	2,644	1,843	1,386	1,305	1,061	1,021	2,057	3,381	1,967	2,262
Other Liabilities	5,648	2,157	3,998	3,195	3,595	3,452	4,097	3,667	2,588	2,684	7,180	4,249	4,382
Total Liabilities	16,883	8,830	9,818	8,637	8,247	7,693	8,200	7,943	7,692	9,169	15,274	11,813	12,682
Fixed Assets	8,021	4,923	4,662	3,730	3,356	3,046	1,567	1,617	2,599	2,433	4,910	4,800	4,861
CWIP	546	115	80	34	32	17	47	83	147	1,261	87	87	417
Investments	1,867	1,140	805	1,017	725	488	476	784	1,713	2,307	1,537	1,100	1,645
Other Assets	6,448	2,653	4,271	3,855	4,134	4,143	6,110	5,460	3,233	3,168	8,740	5,827	5,759
Total Assets	16,883	8,830	9,818	8,637	8,247	7,693	8,200	7,943	7,692	9,169	15,274	11,813	12,682

Below is a detailed analysis of the balance sheet data for Welspun Corp Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹131.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 131.00 Cr..
For Reserves, as of Sep 2024, the value is ₹5,907.00 Cr.. The value appears strong and on an upward trend. It has increased from 5,467.00 Cr. (Mar 2024) to ₹5,907.00 Cr., marking an increase of 440.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹2,262.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 1,967.00 Cr. (Mar 2024) to ₹2,262.00 Cr., marking an increase of 295.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹4,382.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 4,249.00 Cr. (Mar 2024) to ₹4,382.00 Cr., marking an increase of 133.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹12,682.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 11,813.00 Cr. (Mar 2024) to ₹12,682.00 Cr., marking an increase of 869.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹4,861.00 Cr.. The value appears strong and on an upward trend. It has increased from 4,800.00 Cr. (Mar 2024) to ₹4,861.00 Cr., marking an increase of 61.00 Cr..
For CWIP, as of Sep 2024, the value is ₹417.00 Cr.. The value appears strong and on an upward trend. It has increased from 87.00 Cr. (Mar 2024) to ₹417.00 Cr., marking an increase of 330.00 Cr..
For Investments, as of Sep 2024, the value is ₹1,645.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,100.00 Cr. (Mar 2024) to ₹1,645.00 Cr., marking an increase of 545.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹5,759.00 Cr.. The value appears to be declining and may need further review. It has decreased from 5,827.00 Cr. (Mar 2024) to ₹5,759.00 Cr., marking a decrease of 68.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹12,682.00 Cr.. The value appears strong and on an upward trend. It has increased from 11,813.00 Cr. (Mar 2024) to ₹12,682.00 Cr., marking an increase of 869.00 Cr..

Notably, the Reserves (5,907.00 Cr.) exceed the Borrowings (2,262.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	103	227	901	354	403	981	623	648	774	218	-185	1,306
Cash from Investing Activity +	-164	-229	338	-326	618	184	-255	-49	-848	-201	-348	373
Cash from Financing Activity +	-265	-527	-1,106	-99	-979	-761	-335	-743	-198	453	909	-1,877
Net Cash Flow	-327	-528	133	-71	42	405	33	-144	-271	470	376	-198

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	694.00	667.00	852.00	785.00	518.00	472.00	643.00	0.00	783.00	471.00	491.00	0.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	71	30	49	71	91	76	48	46	34	46	43	38
Inventory Days	156	94	138	107	159	125	129	127	93	78	290	70
Days Payable	184	48	154	132	198	177	92	81	55	75	131	68
Cash Conversion Cycle	42	77	33	45	52	24	86	92	72	48	201	40
Working Capital Days	14	30	27	34	47	23	56	50	55	-13	26	19
ROCE %	5%	5%	8%	8%	5%	7%	12%	30%	19%	13%	6%	20%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	50.01%	50.01%	49.90%	49.90%	49.99%	49.99%	49.96%	49.96%	50.14%	50.03%	50.00%	50.00%
FIIs	7.34%	8.95%	9.03%	7.96%	7.27%	7.78%	9.42%	10.56%	10.70%	10.51%	11.65%	11.71%
DIIs	9.30%	10.57%	11.19%	11.04%	11.43%	10.96%	11.53%	11.23%	11.99%	9.74%	11.41%	20.19%
Government	0.00%	0.00%	0.01%	0.01%	0.01%	0.01%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	33.35%	30.47%	29.87%	31.10%	31.29%	31.28%	29.05%	28.22%	27.13%	29.67%	26.90%	18.06%
Others	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%
No. of Shareholders	92,532	92,826	96,690	87,643	85,794	83,315	82,058	99,284	1,19,466	1,23,491	1,16,485	1,17,368

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
DSP Small Cap Fund	5,167,079	2.19	303.51	1,706,582	2025-04-03	202.77%
360 ONE Focused Equity Fund	1,706,582	1.6	100.24	1,706,582	2025-04-03	0%
Motilal Oswal ELSS Tax Saver Fund	1,432,854	2.78	84.17	1,706,582	2025-04-03	-16.04%
Motilal Oswal Large and Midcap Fund	1,279,567	2.28	75.16	1,706,582	2025-04-03	-25.02%
DSP Tiger Fund	1,007,330	1.87	59.17	1,706,582	2025-04-03	-40.97%
ITI Small Cap Fund	489,409	1.38	28.75	1,706,582	2025-04-03	-71.32%
ITI ELSS Tax Saver Fund	139,800	3.08	8.21	1,706,582	2025-04-03	-91.81%
Nippon India Nifty Smallcap 250 Index Fund	93,018	0.52	5.46	1,706,582	2025-04-03	-94.55%
Motilal Oswal Nifty Smallcap 250 Index Fund	56,872	0.51	3.34	1,706,582	2025-04-03	-96.67%
SBI Nifty Smallcap 250 Index Fund	47,245	0.5	2.78	1,706,582	2025-04-03	-97.23%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	5.00	5.00	5.00	5.00	5.00
Basic EPS (Rs.)	42.45	7.91	16.82	29.42	24.12
Diluted EPS (Rs.)	42.32	7.89	16.77	29.34	24.06
Cash EPS (Rs.)	46.70	16.32	27.00	35.96	26.12
Book Value[Excl.RevalReserv]/Share (Rs.)	213.92	180.21	173.50	161.33	123.78
Book Value[Incl.RevalReserv]/Share (Rs.)	213.92	180.21	173.50	161.33	123.78
Revenue From Operations / Share (Rs.)	662.68	373.10	249.29	274.16	381.65
PBDIT / Share (Rs.)	68.94	30.76	39.20	44.15	48.90
PBIT / Share (Rs.)	55.65	19.18	29.44	34.71	39.96
PBT / Share (Rs.)	44.01	9.88	25.53	36.73	34.44
Net Profit / Share (Rs.)	33.41	4.74	17.24	26.51	17.17
NP After MI And SOA / Share (Rs.)	42.44	7.90	16.82	29.42	24.36
PBDIT Margin (%)	10.40	8.24	15.72	16.10	12.81
PBIT Margin (%)	8.39	5.14	11.80	12.65	10.47
PBT Margin (%)	6.64	2.64	10.24	13.39	9.02
Net Profit Margin (%)	5.04	1.27	6.91	9.67	4.49
NP After MI And SOA Margin (%)	6.40	2.11	6.74	10.73	6.38
Return on Networth / Equity (%)	19.83	4.38	9.90	18.80	19.76
Return on Capital Employeed (%)	18.49	6.99	12.26	16.38	24.63
Return On Assets (%)	9.37	1.34	4.78	9.97	8.00
Long Term Debt / Equity (X)	0.28	0.40	0.23	0.13	0.15
Total Debt / Equity (X)	0.33	0.70	0.36	0.22	0.24
Asset Turnover Ratio (%)	1.28	0.79	0.74	0.80	0.65
Current Ratio (X)	1.53	1.18	1.49	1.97	1.55
Quick Ratio (X)	0.94	0.48	1.13	1.41	0.93
Inventory Turnover Ratio (X)	2.66	2.64	3.93	2.04	2.08
Dividend Payout Ratio (NP) (%)	11.77	63.12	29.73	1.69	43.13
Dividend Payout Ratio (CP) (%)	8.96	25.59	18.81	1.28	31.55
Earning Retention Ratio (%)	88.23	36.88	70.27	98.31	56.87
Cash Earning Retention Ratio (%)	91.04	74.41	81.19	98.72	68.45
Interest Coverage Ratio (X)	5.93	3.31	10.04	13.56	8.86
Interest Coverage Ratio (Post Tax) (X)	3.87	1.51	5.42	7.65	4.38
Enterprise Value (Cr.)	14454.64	7481.66	5788.79	4460.84	1908.49
EV / Net Operating Revenue (X)	0.83	0.76	0.88	0.62	0.19
EV / EBITDA (X)	8.01	9.30	5.66	3.87	1.50
MarketCap / Net Operating Revenue (X)	0.77	0.53	0.67	0.50	0.16
Retention Ratios (%)	88.22	36.87	70.26	98.30	56.86
Price / BV (X)	2.41	1.12	0.98	0.88	0.50
Price / Net Operating Revenue (X)	0.77	0.53	0.67	0.50	0.16
EarningsYield	0.08	0.03	0.10	0.21	0.39

After reviewing the key financial ratios for Welspun Corp Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 5.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 5.00.
For Basic EPS (Rs.), as of Mar 24, the value is 42.45. This value is within the healthy range. It has increased from 7.91 (Mar 23) to 42.45, marking an increase of 34.54.
For Diluted EPS (Rs.), as of Mar 24, the value is 42.32. This value is within the healthy range. It has increased from 7.89 (Mar 23) to 42.32, marking an increase of 34.43.
For Cash EPS (Rs.), as of Mar 24, the value is 46.70. This value is within the healthy range. It has increased from 16.32 (Mar 23) to 46.70, marking an increase of 30.38.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 213.92. It has increased from 180.21 (Mar 23) to 213.92, marking an increase of 33.71.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 213.92. It has increased from 180.21 (Mar 23) to 213.92, marking an increase of 33.71.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 662.68. It has increased from 373.10 (Mar 23) to 662.68, marking an increase of 289.58.
For PBDIT / Share (Rs.), as of Mar 24, the value is 68.94. This value is within the healthy range. It has increased from 30.76 (Mar 23) to 68.94, marking an increase of 38.18.
For PBIT / Share (Rs.), as of Mar 24, the value is 55.65. This value is within the healthy range. It has increased from 19.18 (Mar 23) to 55.65, marking an increase of 36.47.
For PBT / Share (Rs.), as of Mar 24, the value is 44.01. This value is within the healthy range. It has increased from 9.88 (Mar 23) to 44.01, marking an increase of 34.13.
For Net Profit / Share (Rs.), as of Mar 24, the value is 33.41. This value is within the healthy range. It has increased from 4.74 (Mar 23) to 33.41, marking an increase of 28.67.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 42.44. This value is within the healthy range. It has increased from 7.90 (Mar 23) to 42.44, marking an increase of 34.54.
For PBDIT Margin (%), as of Mar 24, the value is 10.40. This value is within the healthy range. It has increased from 8.24 (Mar 23) to 10.40, marking an increase of 2.16.
For PBIT Margin (%), as of Mar 24, the value is 8.39. This value is below the healthy minimum of 10. It has increased from 5.14 (Mar 23) to 8.39, marking an increase of 3.25.
For PBT Margin (%), as of Mar 24, the value is 6.64. This value is below the healthy minimum of 10. It has increased from 2.64 (Mar 23) to 6.64, marking an increase of 4.00.
For Net Profit Margin (%), as of Mar 24, the value is 5.04. This value is within the healthy range. It has increased from 1.27 (Mar 23) to 5.04, marking an increase of 3.77.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 6.40. This value is below the healthy minimum of 8. It has increased from 2.11 (Mar 23) to 6.40, marking an increase of 4.29.
For Return on Networth / Equity (%), as of Mar 24, the value is 19.83. This value is within the healthy range. It has increased from 4.38 (Mar 23) to 19.83, marking an increase of 15.45.
For Return on Capital Employeed (%), as of Mar 24, the value is 18.49. This value is within the healthy range. It has increased from 6.99 (Mar 23) to 18.49, marking an increase of 11.50.
For Return On Assets (%), as of Mar 24, the value is 9.37. This value is within the healthy range. It has increased from 1.34 (Mar 23) to 9.37, marking an increase of 8.03.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.28. This value is within the healthy range. It has decreased from 0.40 (Mar 23) to 0.28, marking a decrease of 0.12.
For Total Debt / Equity (X), as of Mar 24, the value is 0.33. This value is within the healthy range. It has decreased from 0.70 (Mar 23) to 0.33, marking a decrease of 0.37.
For Asset Turnover Ratio (%), as of Mar 24, the value is 1.28. It has increased from 0.79 (Mar 23) to 1.28, marking an increase of 0.49.
For Current Ratio (X), as of Mar 24, the value is 1.53. This value is within the healthy range. It has increased from 1.18 (Mar 23) to 1.53, marking an increase of 0.35.
For Quick Ratio (X), as of Mar 24, the value is 0.94. This value is below the healthy minimum of 1. It has increased from 0.48 (Mar 23) to 0.94, marking an increase of 0.46.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 2.66. This value is below the healthy minimum of 4. It has increased from 2.64 (Mar 23) to 2.66, marking an increase of 0.02.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 11.77. This value is below the healthy minimum of 20. It has decreased from 63.12 (Mar 23) to 11.77, marking a decrease of 51.35.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 8.96. This value is below the healthy minimum of 20. It has decreased from 25.59 (Mar 23) to 8.96, marking a decrease of 16.63.
For Earning Retention Ratio (%), as of Mar 24, the value is 88.23. This value exceeds the healthy maximum of 70. It has increased from 36.88 (Mar 23) to 88.23, marking an increase of 51.35.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 91.04. This value exceeds the healthy maximum of 70. It has increased from 74.41 (Mar 23) to 91.04, marking an increase of 16.63.
For Interest Coverage Ratio (X), as of Mar 24, the value is 5.93. This value is within the healthy range. It has increased from 3.31 (Mar 23) to 5.93, marking an increase of 2.62.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 3.87. This value is within the healthy range. It has increased from 1.51 (Mar 23) to 3.87, marking an increase of 2.36.
For Enterprise Value (Cr.), as of Mar 24, the value is 14,454.64. It has increased from 7,481.66 (Mar 23) to 14,454.64, marking an increase of 6,972.98.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 0.83. This value is below the healthy minimum of 1. It has increased from 0.76 (Mar 23) to 0.83, marking an increase of 0.07.
For EV / EBITDA (X), as of Mar 24, the value is 8.01. This value is within the healthy range. It has decreased from 9.30 (Mar 23) to 8.01, marking a decrease of 1.29.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 0.77. This value is below the healthy minimum of 1. It has increased from 0.53 (Mar 23) to 0.77, marking an increase of 0.24.
For Retention Ratios (%), as of Mar 24, the value is 88.22. This value exceeds the healthy maximum of 70. It has increased from 36.87 (Mar 23) to 88.22, marking an increase of 51.35.
For Price / BV (X), as of Mar 24, the value is 2.41. This value is within the healthy range. It has increased from 1.12 (Mar 23) to 2.41, marking an increase of 1.29.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 0.77. This value is below the healthy minimum of 1. It has increased from 0.53 (Mar 23) to 0.77, marking an increase of 0.24.
For EarningsYield, as of Mar 24, the value is 0.08. This value is below the healthy minimum of 5. It has increased from 0.03 (Mar 23) to 0.08, marking an increase of 0.05.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Welspun Corp Ltd as of April 4, 2025 is: 531.28

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of April 4, 2025, Welspun Corp Ltd is Overvalued by 35.05% compared to the current share price 818.00

Intrinsic Value of Welspun Corp Ltd as of April 4, 2025 is: 605.05

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of April 4, 2025, Welspun Corp Ltd is Overvalued by 26.03% compared to the current share price 818.00

Last 5 Year EPS CAGR: 13.88%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has higher reserves (3,763.92 cr) compared to borrowings (2,411.46 cr), indicating strong financial stability. The company has shown consistent growth in sales (8.62 cr) and profit (146.15 cr) over the years.	The stock has a low average ROCE of 11.50%, which may not be favorable. The stock has a high average Working Capital Days of 30.67, which may not be favorable. The stock has a high average Cash Conversion Cycle of 67.67, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Welspun Corp Ltd:
1. Net Profit Margin: 5.04%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 18.49% (Industry Average ROCE: 14.62%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 19.83% (Industry Average ROE: 12.75%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 3.87
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.94
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 14.5 (Industry average Stock P/E: 39.09)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.33
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Welspun Corp Ltd. is a Public Limited Listed company incorporated on 26/04/1995 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L27100GJ1995PLC025609 and registration number is 025609. Currently Company is involved in the business activities of Manufacture of basic iron and steel. Company's Total Operating Revenue is Rs. 9081.78 Cr. and Equity Capital is Rs. 130.83 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Steel - Tubes/Pipes	Welspun City, Kutch Dist. Gujarat 370110	CompanySecretary_wcl@welspun.com http://www.welspuncorp.com

Management
Name	Position Held
Mr. Balkrishan Goenka	Chairman & Non-Exe.Director
Mr. Vipul Mathur	Managing Director & CEO
Mr. Rajesh R Mandawewala	Non Exe.Non Ind.Director
Mr. Aneesh Misra	Non Exe.Non Ind.Director
Ms. Amita Misra	Independent Director
Mr. Manish Chokhani	Independent Director
Mr. Anjani Agrawal	Independent Director
Ms. Dipali Sheth	Independent Director

FAQ

What is the intrinsic value of Welspun Corp Ltd?

Welspun Corp Ltd's intrinsic value (as of 04 April 2025) is ₹531.28 — 35.05% lower the current market price of 818.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 21,460 Cr. market cap, FY2025-2026 high/low of ₹900/440, reserves of 5,907 Cr, and liabilities of 12,682 Cr.

What is the Market Cap of Welspun Corp Ltd?

The Market Cap of Welspun Corp Ltd is 21,460 Cr..

What is the current Stock Price of Welspun Corp Ltd as on 04 April 2025?

The current stock price of Welspun Corp Ltd as on 04 April 2025 is 818.

What is the High / Low of Welspun Corp Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Welspun Corp Ltd stocks is ₹900/440.

What is the Stock P/E of Welspun Corp Ltd?

The Stock P/E of Welspun Corp Ltd is 14.5.

What is the Book Value of Welspun Corp Ltd?

The Book Value of Welspun Corp Ltd is 230.

What is the Dividend Yield of Welspun Corp Ltd?

The Dividend Yield of Welspun Corp Ltd is 0.57 %.

What is the ROCE of Welspun Corp Ltd?

The ROCE of Welspun Corp Ltd is 20.2 %.

What is the ROE of Welspun Corp Ltd?

The ROE of Welspun Corp Ltd is 19.8 %.

What is the Face Value of Welspun Corp Ltd?

The Face Value of Welspun Corp Ltd is 5.00.