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Welspun Enterprises Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹376.15Overvalued by 14.32%vs CMP ₹439.00

P/E (18.1) × ROE (13.3%) × BV (₹194.00) × DY (0.68%)

₹308.01Overvalued by 29.84%vs CMP ₹439.00
MoS: -42.5% (Negative)Confidence: 58/100 (Moderate)Models: 2 Fair, 7 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹455.3723%Fair (+3.7%)
Graham NumberEarnings₹307.4817%Over (-30%)
Earnings PowerEarnings₹106.7411%Over (-75.7%)
DCFCash Flow₹453.6711%Fair (+3.3%)
Net Asset ValueAssets₹193.817%Over (-55.9%)
EV/EBITDAEnterprise₹272.369%Over (-38%)
Earnings YieldEarnings₹216.607%Over (-50.7%)
ROCE CapitalReturns₹219.107%Over (-50.1%)
Revenue MultipleRevenue₹258.996%Over (-41%)
Consensus (9 models)₹308.01100%Overvalued
Key Drivers: Wide model spread (₹107–₹455) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 21.1%

*Investments are subject to market risks

Analyst Summary

Welspun Enterprises Ltd operates in the Construction, Contracting & Engineering segment, NSE: WELENT | BSE: 532553, current market price is ₹439.00, market cap is 6,075 Cr.. At a glance, stock P/E is 18.1, ROE is 13.3 %, ROCE is 18.2 %, book value is 194, dividend yield is 0.68 %. The latest intrinsic value estimate is ₹308.01, around 29.8% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹3,584 Cr versus the prior period change of 24.7%, while latest net profit is about ₹354 Cr with a prior-period change of 11.0%. The 52-week range shown on this page is 581/391, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisWelspun Enterprises Ltd. is a Public Limited Listed company incorporated on 20/12/1994 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L…

This summary is generated from the stock page data available for Welspun Enterprises Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

66
Welspun Enterprises Ltd scores 66/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health62/100 · Moderate
ROCE 18.2% GoodROE 13.3% GoodD/E 1.27 High debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding stable No changePromoter increased by 0.65% Positive
Earnings Quality75/100 · Strong
OPM expanding (10% → 15%) ImprovingWorking capital: 39 days (improving) Efficient
Quarterly Momentum58/100 · Moderate
Revenue (4Q): 0% YoY FlatProfit (4Q): +2% YoY Positive
Industry Rank75/100 · Strong
P/E 18.1 vs industry 36.6 Cheaper than peersROCE 18.2% vs industry 16.4% Average3Y sales CAGR: 39% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:56 am

Market Cap 6,075 Cr.
Current Price 439
Intrinsic Value₹308.01
High / Low 581/391
Stock P/E18.1
Book Value 194
Dividend Yield0.68 %
ROCE18.2 %
ROE13.3 %
Face Value 10.0
PEG Ratio0.86

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

View Share Price Target for Welspun Enterprises Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Welspun Enterprises Ltd 6,075 Cr. 439 581/39118.1 1940.68 %18.2 %13.3 % 10.0
AGI Infra Ltd 3,609 Cr. 289 322/13743.0 27.60.03 %22.0 %25.7 % 1.00
NCC Ltd 8,701 Cr. 139 242/13011.7 1201.59 %21.7 %11.4 % 2.00
Man Infraconstruction Ltd 3,446 Cr. 85.4 192/77.114.7 54.21.05 %23.5 %17.5 % 2.00
HG Infra Engineering Ltd 3,112 Cr. 478 1,275/4308.15 4740.42 %16.8 %18.3 % 10.0
Industry Average3,374.20 Cr159.1236.56125.440.20%16.37%21.40%21.58

All Competitor Stocks of Welspun Enterprises Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 6928456996467078219308158961,054845784787
Expenses 624750594563581710767688739871664612633
Operating Profit 689510583126111163127157183181172154
OPM % 10%11%15%13%18%14%18%16%18%17%21%22%20%
Other Income 38111751442938231117171322-32
Interest 31372727282830345044425352
Depreciation 3436999141415111313
Profit before tax 416172126941181121489011114214112858
Tax % 3%17%26%26%32%31%26%32%30%26%28%23%47%
Net Profit 4021429369807811062771051019831
EPS in Rs 26.729.436.634.485.175.047.084.235.166.836.566.531.74

Last Updated: March 3, 2026, 1:46 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 11:42 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 2438261893051,0671,7871,8081,5301,3422,7582,8743,5843,470
Expenses 2348262363379901,6081,6171,3651,1952,5112,4473,0642,779
Operating Profit 10-1-47-3277179191164147247427520691
OPM % 4%-0%-25%-10%7%10%11%11%11%9%15%15%20%
Other Income -22388378959311214210366816017920
Interest 40138131033547711083119110158189
Depreciation 35882721241123161613285152
Profit before tax -6811-415116207203180152783449490469
Tax % -10%94%-116%67%40%39%25%28%17%7%29%28%
Net Profit -6111569127151130126726319354335
EPS in Rs -15.250.170.040.344.718.5610.038.668.3348.1921.3223.3021.66
Dividend Payout % 0%0%0%223%32%23%20%17%18%18%14%13%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)101.64%0.00%400.00%1280.00%84.06%18.90%-13.91%-3.08%476.19%-56.06%10.97%
Change in YoY Net Profit Growth (%)0.00%-101.64%400.00%880.00%-1195.94%-65.16%-32.80%10.83%479.27%-532.25%67.03%

Welspun Enterprises Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:16%
5 Years:15%
3 Years:39%
TTM:15%
Compounded Profit Growth
10 Years:15%
5 Years:17%
3 Years:38%
TTM:4%
Stock Price CAGR
10 Years:24%
5 Years:49%
3 Years:58%
1 Year:-16%
Return on Equity
10 Years:9%
5 Years:11%
3 Years:13%
Last Year:13%

Last Updated: September 5, 2025, 1:56 pm

Balance Sheet

Last Updated: December 10, 2025, 3:39 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 40173174147148148148149150150137137137
Reserves 4191,3421,2471,1111,1911,3061,4311,5361,6412,2062,1872,4032,545
Borrowings 325447941504605928122,2372,5267647621,4991,941
Other Liabilities 781551012124018447258611,5711,9811,8471,9921,765
Total Liabilities 8612,1181,6161,6212,1992,8903,1164,7835,8885,1004,9326,0316,387
Fixed Assets 53550116911027801071031,87170289303299
CWIP 26215646464120641,403647797
Investments 919541,1108011,1189339488048121,5587657631,090
Other Assets 2104472736459901,7561,9982,4733,1413,4663,8714,9564,992
Total Assets 8612,1181,6161,6212,1992,8903,1164,7835,8885,1004,9326,0316,387

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -11-10-17-24-287-116-589287345-344-273
Cash from Investing Activity + 88691161327-250-139-50-918-4871,197-57-17
Cash from Financing Activity + -56-102-36-12226853106753125-204-486536
Net Cash Flow 21580108181-270-202-2-156-751,338-888246
Free Cash Flow 5-153-14-22-290-211-56-739-146215-394-324
CFO/OP -129%1,603%41%50%-312%-23%5%25%218%171%-52%-26%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-315.00-448.00-141.00-182.00-383.00-413.00-621.00162.00145.00-517.00-335.00519.00

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

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 701572231257383237435826
Inventory Days 24210168112194
Days Payable 2251278344451516487
Cash Conversion Cycle -13154-3061257383237-327-337-368
Working Capital Days 5-21130-12244-29-13-80-385439
ROCE %-0%-1%1%3%11%13%12%9%5%10%18%18%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 53.76%54.53%54.51%54.51%54.51%54.51%54.51%54.80%55.31%55.31%55.48%56.13%
FIIs 3.04%3.73%4.47%4.57%4.55%4.69%4.71%4.58%4.16%4.17%3.98%3.76%
DIIs 2.05%2.54%2.25%2.00%1.93%1.77%5.02%6.31%9.43%9.45%9.46%9.25%
Public 41.16%39.20%37.32%37.48%37.62%37.63%34.37%33.07%29.87%29.84%29.86%29.68%
Others 0.00%0.00%1.44%1.44%1.37%1.37%1.37%1.23%1.23%1.23%1.23%1.16%
No. of Shareholders 60,10751,96753,28458,03558,16763,96165,44163,88657,36958,62555,81353,447

Shareholding Pattern Chart

No. of Shareholders

Welspun Enterprises Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Quant Small Cap Fund 6,712,318 1.18 325.48N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 23.6121.5148.198.378.67
Diluted EPS (Rs.) 23.3021.2548.088.338.60
Cash EPS (Rs.) 29.7625.4649.349.4410.31
Book Value[Excl.RevalReserv]/Share (Rs.) 185.81182.42157.49119.76113.24
Book Value[Incl.RevalReserv]/Share (Rs.) 185.81182.42157.49119.76113.24
Revenue From Operations / Share (Rs.) 262.17210.41183.9093.56102.75
PBDIT / Share (Rs.) 53.4145.1626.0821.5421.05
PBIT / Share (Rs.) 49.6943.1425.2020.4719.98
PBT / Share (Rs.) 38.1935.1049.4911.1312.56
Net Profit / Share (Rs.) 26.0423.4448.468.379.23
NP After MI And SOA / Share (Rs.) 23.5921.6248.198.328.66
PBDIT Margin (%) 20.3721.4614.1723.0120.49
PBIT Margin (%) 18.9520.5013.7021.8819.44
PBT Margin (%) 14.5616.6826.9011.8912.22
Net Profit Margin (%) 9.9311.1426.358.948.98
NP After MI And SOA Margin (%) 8.9910.2726.208.898.43
Return on Networth / Equity (%) 12.6912.7030.676.967.65
Return on Capital Employeed (%) 16.5517.5012.327.057.87
Return On Assets (%) 5.325.9614.152.112.69
Long Term Debt / Equity (X) 0.490.240.121.291.21
Total Debt / Equity (X) 0.580.320.311.401.27
Asset Turnover Ratio (%) 0.650.570.500.310.44
Current Ratio (X) 1.862.031.901.061.31
Quick Ratio (X) 1.781.931.861.031.31
Inventory Turnover Ratio (X) 22.453.875.802.412.17
Dividend Payout Ratio (NP) (%) 12.694.6218.6717.9123.05
Dividend Payout Ratio (CP) (%) 10.964.2218.3415.8820.51
Earning Retention Ratio (%) 87.3195.3881.3382.0976.95
Cash Earning Retention Ratio (%) 89.0495.7881.6684.1279.49
Interest Coverage Ratio (X) 4.625.613.292.302.84
Interest Coverage Ratio (Post Tax) (X) 3.444.182.701.902.24
Enterprise Value (Cr.) 7626.704598.042102.483333.123553.63
EV / Net Operating Revenue (X) 2.131.600.762.382.32
EV / EBITDA (X) 10.447.465.3810.3311.34
MarketCap / Net Operating Revenue (X) 1.841.450.680.771.06
Retention Ratios (%) 87.3095.3781.3282.0876.94
Price / BV (X) 2.601.790.790.610.96
Price / Net Operating Revenue (X) 1.841.450.680.771.06
EarningsYield 0.040.070.380.110.07

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Welspun Enterprises Ltd. is a Public Limited Listed company incorporated on 20/12/1994 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L45201GJ1994PLC023920 and registration number is 023920. Currently Company is involved in the business activities of Construction and maintenance of motorways, streets, roads, other vehicular and pedestrian ways, highways, bridges, tunnels and subways. Company's Total Operating Revenue is Rs. 2827.39 Cr. and Equity Capital is Rs. 136.71 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Construction, Contracting & EngineeringWelspun City, Village Versamedi, Kutch Dist. Gujarat 370110Contact not found
Management
NamePosition Held
Mr. Balkrishan GoenkaChairman & Executive Director
Mr. Sandeep GargManaging Director
Mr. Rajesh MandawewalaNon Exe.Non Ind.Director
Mr. S MadhavanLead Independent Director
Dr. Aruna SharmaIndependent Director
Mr. Raghav ChandraIndependent Director
Dr. Anoop Kumar MittalIndependent Director

FAQ

What is the intrinsic value of Welspun Enterprises Ltd and is it undervalued?

As of 25 April 2026, Welspun Enterprises Ltd's intrinsic value is ₹308.01, which is 29.84% lower than the current market price of ₹439.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (13.3 %), book value (₹194), dividend yield (0.68 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Welspun Enterprises Ltd?

Welspun Enterprises Ltd is trading at ₹439.00 as of 25 April 2026, with a FY2026-2027 high of ₹581 and low of ₹391. The stock is currently in the middle of its 52-week range. Market cap stands at ₹6,075 Cr..

How does Welspun Enterprises Ltd's P/E ratio compare to its industry?

Welspun Enterprises Ltd has a P/E ratio of 18.1, which is below the industry average of 36.56. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Welspun Enterprises Ltd financially healthy?

Key indicators for Welspun Enterprises Ltd: ROCE of 18.2 % indicates efficient capital utilization. Dividend yield is 0.68 %.

Is Welspun Enterprises Ltd profitable and how is the profit trend?

Welspun Enterprises Ltd reported a net profit of ₹354 Cr in Mar 2025 on revenue of ₹3,584 Cr. Compared to ₹126 Cr in Mar 2022, the net profit shows an improving trend.

Does Welspun Enterprises Ltd pay dividends?

Welspun Enterprises Ltd has a dividend yield of 0.68 % at the current price of ₹439.00. The company pays dividends, though the yield is modest.

Last Updated: April 2, 2026, 3:56 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 532553 | NSE: WELENT
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Welspun Enterprises Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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