WELENT

Welspun Enterprises Limited

Diversified infrastructure EPC contractor and developer for transportation and water projects

Industrials›Construction›Construction›Civil Construction

welspunenterprises.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹727.05
Market cap
9,861 Cr
Stock P/E
32.3
P/B
3.24
Dividend yield
0.4%
ROE (FY26)
10.7%
ROCE (FY26)
14.0%
Operating margin (FY26)
19.3%
Debt / equity (FY26)
0.65
OCF / EBITDA (FY26)
15.0%
OCF / EBITDA (3Y)
-29.8%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Welspun Enterprises builds roads, water and wastewater projects and tunnels, and develops road projects that it later sells down to investors.

Company snapshot

11thBy market cap

Ranked among 90 companies in Civil Construction.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 42.1% of revenue

SegmentRevenue shareRevenuePBTAssets
Transport
37.8%
328 Cr42 Cr2,598 Cr
Tunneling and Rehabilitation
20.1%
174 Cr30 Cr604 Cr
Water
42.1%
365 Cr77 Cr908 Cr

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales646 Cr707 Cr821 Cr907 Cr789 Cr867 Cr1,021 Cr845 Cr784 Cr787 Cr1,199 Cr774 Cr
Operating expenses (approx.)563 Cr580 Cr710 Cr767 Cr688 Cr739 Cr869 Cr663 Cr612 Cr633 Cr960 Cr623 Cr
EBITDA83 Cr126 Cr111 Cr140 Cr100 Cr128 Cr153 Cr182 Cr172 Cr154 Cr239 Cr151 Cr
OPM %12.8%17.9%13.5%15.5%12.7%14.8%15.0%21.6%22.0%19.6%19.9%19.5%
Other income47 Cr47 Cr46 Cr53 Cr49 Cr52 Cr54 Cr26 Cr19 Cr20 Cr32 Cr35 Cr
Interest27 Cr28 Cr28 Cr30 Cr34 Cr50 Cr44 Cr42 Cr53 Cr52 Cr53 Cr53 Cr
Depreciation6 Cr9 Cr9 Cr9 Cr14 Cr14 Cr15 Cr11 Cr13 Cr13 Cr13 Cr11 Cr
Profit before tax94 Cr118 Cr112 Cr148 Cr90 Cr111 Cr142 Cr141 Cr128 Cr58 Cr205 Cr88 Cr
Tax %26.5%32.0%30.6%25.6%31.5%30.4%25.8%28.4%23.5%46.6%20.6%35.7%
Net profit69 Cr80 Cr78 Cr110 Cr62 Cr77 Cr105 Cr101 Cr98 Cr31 Cr163 Cr56 Cr
EPS (₹)₹4.56₹5.24₹5.11₹7.18₹4.29₹5.20₹6.93₹6.64₹6.61₹1.75₹10.80₹3.43

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales305 Cr1,067 Cr1,787 Cr1,808 Cr1,530 Cr1,401 Cr2,758 Cr2,872 Cr3,584 Cr3,615 CrSign in free for the trailing twelve months
Operating expenses (approx.)335 Cr987 Cr1,594 Cr1,598 Cr1,358 Cr1,252 Cr2,511 Cr2,447 Cr3,062 Cr2,867 CrSign in free for the trailing twelve months
EBITDA-30 Cr80 Cr193 Cr210 Cr171 Cr149 Cr248 Cr425 Cr522 Cr748 CrSign in free for the trailing twelve months
OPM %-9.7%7.5%10.8%11.6%11.2%10.6%9.0%14.8%14.6%20.7%Sign in free for the trailing twelve months
Other income101 Cr115 Cr74 Cr112 Cr142 Cr174 Cr143 Cr191 Cr208 Cr97 CrSign in free for the trailing twelve months
Interest10 Cr33 Cr54 Cr77 Cr110 Cr140 Cr119 Cr110 Cr158 Cr198 CrSign in free for the trailing twelve months
Depreciation21 Cr24 Cr11 Cr23 Cr16 Cr16 Cr13 Cr28 Cr51 Cr51 CrSign in free for the trailing twelve months
Profit before tax15 Cr116 Cr207 Cr203 Cr180 Cr167 Cr798 Cr449 Cr490 Cr532 CrSign in free for the trailing twelve months
Tax %67.2%40.0%38.8%25.5%27.6%24.6%9.0%28.9%27.8%26.2%Sign in free for the trailing twelve months
Net profit5 Cr69 Cr127 Cr151 Cr130 Cr126 Cr726 Cr319 Cr354 Cr393 CrSign in free for the trailing twelve months
EPS (₹)₹0.29₹4.71₹8.58₹10.19₹8.67₹8.37₹48.20₹21.50₹23.61₹25.80Sign in free for the trailing twelve months
Dividend payout %————22.8%17.7%18.6%4.3%11.6%10.4%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital147 Cr148 Cr148 Cr148 Cr149 Cr150 Cr150 Cr137 Cr137 Cr136 Cr
Reserves1,111 Cr1,191 Cr1,306 Cr1,431 Cr1,536 Cr1,641 Cr1,641 Cr2,187 Cr2,403 Cr2,909 Cr
Borrowings144 Cr429 Cr562 Cr754 Cr2,141 Cr2,515 Cr2,515 Cr752 Cr1,490 Cr1,972 Cr
Other liabilities220 Cr433 Cr877 Cr782 Cr962 Cr1,586 Cr1,586 Cr1,706 Cr1,858 Cr2,097 Cr
Total liabilities1,623 Cr2,201 Cr2,893 Cr3,116 Cr4,788 Cr5,895 Cr5,895 Cr4,949 Cr6,058 Cr7,329 Cr
Fixed assets (net)21 Cr22 Cr80 Cr45 Cr46 Cr39 Cr39 Cr150 Cr169 Cr149 Cr
CWIP64 Cr64 Cr120 Cr64 Cr64 Cr64 Cr64 Cr7 Cr7 Cr7 Cr
Investments801 Cr1,118 Cr934 Cr948 Cr804 Cr812 Cr812 Cr765 Cr763 Cr1,384 Cr
Loans & advances——115 Cr33 Cr171 Cr64 Cr64 Cr0 Cr0.05 Cr0.16 Cr
Inventories3 Cr0.71 Cr0.73 Cr0.68 Cr5 Cr48 Cr48 Cr157 Cr163 Cr174 Cr
Trade receivables19 Cr34 Cr281 Cr238 Cr135 Cr325 Cr138 Cr429 Cr253 Cr510 Cr
Cash & bank258 Cr33 Cr116 Cr126 Cr199 Cr234 Cr234 Cr252 Cr512 Cr174 Cr
Other assets457 Cr930 Cr1,247 Cr1,662 Cr3,366 Cr4,309 Cr4,496 Cr3,189 Cr4,191 Cr4,933 Cr
Total assets1,623 Cr2,201 Cr2,893 Cr3,116 Cr4,788 Cr5,895 Cr5,895 Cr4,949 Cr6,058 Cr7,329 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-24 Cr-287 Cr-116 Cr-58 Cr9 Cr287 Cr-112 Cr-344 Cr-273 Cr112 Cr
Cash from investing327 Cr-250 Cr-139 Cr-62 Cr-918 Cr-487 Cr1,306 Cr-52 Cr-17 Cr-877 Cr
Cash from financing-122 Cr268 Cr53 Cr106 Cr753 Cr125 Cr151 Cr-480 Cr536 Cr426 Cr
Net cash flow181 Cr-270 Cr-202 Cr-14 Cr-156 Cr-75 Cr1,345 Cr-876 Cr246 Cr-338 Cr
Free cash flow (OCF − Capex)-24 Cr-290 Cr-216 Cr-75 Cr-739 Cr-149 Cr-268 Cr-415 Cr-325 Cr78 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %1.8%8.4%12.9%12.0%7.6%7.1%21.3%17.2%15.4%14.0%
ROE %0.4%5.2%8.7%9.6%7.7%7.0%40.3%11.9%11.9%10.7%
Debtor days23125748328418542651
Inventory days831815292942754512193101
Days payable184253581206811940198202333381359486573
Cash conversion cycle-1736-5328-11995-11864-19494-1973-318-183-367-421
OCF / EBITDA %—-358.5%-60.2%-27.6%5.1%192.7%-45.2%-81.0%-52.4%15.0%
OCF / EBITDA % (3 years)——-175.6%-95.6%-28.8%44.9%32.4%-20.6%-61.1%-29.8%
Debt / equity0.110.320.390.481.271.401.400.320.590.65
Current ratio5.572.811.461.371.291.121.121.881.761.87
Net debt / EBITDA——2.313.0011.3315.319.211.181.882.40