WELENTConstruction

Welspun Enterprises Limited

Civil Construction · ISIN INE625G01013 · BSE 532553 · NSE EQ · FV ₹10
Last price
₹779
+1.39%today
What this company does

Welspun Enterprises Limited operates in Civil Construction, part of the Construction sector. It booked ₹774 cr of revenue in its latest quarter (Q1 FY27) and kept 6.0% of sales as profit.

Engineering an Unstoppable Future Welspun Enterprises Limited (WEL) is one of India’s leading infrastructure developers and a pivotal arm of Welspun World. Headquartered in Mumbai, India, we specialize in executing large-scale projects across roads, highways, water infrastructure, tunnelling, and urban development.
Their stated vision

is to build a resilient digital offices, ensuring full legal coverage.

In the report:
47out of 100
Equitytale Health Score
Mixed

Healthier than 47% of companies in Construction, on all six measures of filed financials. Each measure is ranked against the 19–23 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
63

At close. Not part of the score.

Profitability & returns44

How much profit it earns on the money it employs

Balance sheet53

How much it owes, and whether earnings cover the interest

Cash quality29

Whether reported profit actually arrives as cash

Growth & consistency41

Whether sales and profit have grown, and how steadily

Valuation30

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Some things to watchPriced in line with peers
Strengths
Makes a profit
Promoters hold 56%
No promoter shares pledged
Watch-outs
! Thin 6.0% net margin
! Sales down 8% vs last year
! Profit down 49% vs last year
! Low 6.1% return on equity
! Operating cash flow is negative

What if I invest in WELENT?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹779 +1.39%
latest close · 2026-09-17
1-year return
+732.4%
52-wk low ₹6952-wk high ₹825
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio32.8High
LowAverageHigh
P/B ratio3.47High
Below bookModerateHigh
EV / EBITDA16.7High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity6.1%Weak
WeakFairStrong ▸15%
Return on capital13.7%Fair
WeakFairStrong
Net margin6.0%Decent
ThinDecentStrong
EBITDA margin23.9%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.60Moderate
LowModerateHigh ▸1
Interest cover3.3×Okay
RiskyOkayStrong ▸5×
Current ratio1.87Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹10,560 cr
Book value
₹224
EPS
₹5.94
latest quarter
Net debt
₹1,798 cr
owes more than its cash
Enterprise value
₹12,358 cr
EBITDA
₹741 cr
annualised
EBIT
₹699 cr
annualised
Operating margin
22.6%
Return on assets
2.5%
Earnings yield
3.05%
P/S
3.41
Sales / share
₹228.2
Tax rate
25.7%
Face value
₹10
Shares
13.6 cr
Working capital
₹1,955 cr
Current assets
₹4,189 cr
Current liabilities
₹2,234 cr
Delivery %
48.5%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹233₹317, midpoint ₹275

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹774 cr
Other Income₹35 cr
Total Income₹808 cr
Cost of Materials₹114 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹63 cr
Finance Costs₹53 cr
Depreciation & Amortisation₹11 cr
Other Expenses₹446 cr
Total Expenses₹687 cr
Profit before Tax₹121 cr
Tax Expense₹31 cr
Share of JV / Associates₹30 L
Net Profit₹56 cr
Net margin on total income7.0%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹114 cr14.7%
Employee benefit expense₹63 cr8.2%
Finance costs₹53 cr6.9%
Depreciation & amortisation₹11 cr1.4%
Other expenses₹446 cr57.6%
Tax expense₹31 cr4.0%
Profit for the period₹56 cr7.3%
Total income ₹808 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue787 cr1,199 cr774 cr
Total income806 cr1,232 cr808 cr
Expenses697 cr1,026 cr687 cr
Profit before tax60 cr206 cr121 cr
Tax27 cr42 cr31 cr
Net profit (owners' share)27 cr145 cr47 cr
Net margin (owners' share, on revenue)3.4%12.1%6.0%
EPS (₹)1.9410.855.94
YoY (latest quarter): total income -7.1% · net profit -48.7%
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹7,329 cr
Shareholder equity
₹3,044 cr
parent shareholders
Total debt
₹1,972 cr
Cash
₹174 cr
Cash flow · H1 FY26
Operating
₹-421 cr
Investing
₹-299 cr
Financing
₹297 cr
Peer comparison
Civil Construction · by market value
CompanyPriceMarket capP/E
Larsen & Toubro Limited₹3,836₹5.28 L cr32.0
Rail Vikas Nigam Limited₹202₹42,055 cr66.3
Kalpataru Projects International Limited₹1,399₹23,900 cr19.3
IRB Infrastructure Developers Limited₹19₹22,767 cr18.9
NBCC (India) Limited₹82₹22,175 cr36.0
Cemindia Projects Limited₹1,255₹21,563 cr38.3
Engineers India Limited₹264₹14,824 cr23.5
Techno Electric & Engineering Company Limited₹985₹11,452 cr30.7
KEC International Limited₹402₹10,700 cr36.8
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.39%
trailing 12 months
Dividend / share (TTM)
₹3
Last dividend
₹3
ex 3 Jul 2026
ActionDetailEx-date
Dividend₹3 / share3 Jul 2026
Dividend₹3 / share4 Jul 2025
Dividend₹3 / share5 Jul 2024
Dividend₹1 / share30 Jun 2023
BuybackBuy Back13 Feb 2023
Dividend₹7.5 / share11 Jan 2023
Who owns it · 2026-06-30
No pledge
Promoter
56.1%
FII / Foreign
3.9%
DII / Domestic
9.3%
Retail / others
28.7%
Promoter stake up 1.6% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtWelspun Enterprises Employee Welfare Trust · Other20.00 L · ₹30.3 cr30 May 23
BoughtWELSPUN INVESTMENTS AND COMMERCIALS LIMITED · Promoter Group82,595 · ₹81.2 L30 Jun 22
BoughtWELSPUN INVESTMENTS AND COMMERCIALS LIMITED · Promoter Group2.70 L · ₹2.7 cr29 Jun 22
Bulk / block deals
BoughtFIDELITY SECURITIES FUND FIDELITY BLUE CHIP GROWTH FUND · NSE19.24 L @ ₹76515 Sep 26
SoldAUTHUM INVESTMENT & INFRASTRUCTURE LIMITED · NSE25.00 L @ ₹765.0215 Sep 26
BoughtAUTHUM INVESTMENT & INFRASTRUCTURE LIMITED · NSE97,500 @ ₹740.9915 Sep 26
Stake changes
BothDilipkumar Lakhi→ 6.08% · 37.01 L25 Mar 26
BothDilipkumar Lakhi.→ 0.89% · 12.35 L25 Mar 26
BoughtWelspun Group Master Trust · promoter→ 56.13% · 9.00 L9 Dec 25
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 20 Aug 2026
See the official result
1
To receive, consider and adopt the audited financial statements, on consolidated and standalone basis, for the FY ended March 31, 2026, and the reports of the Board of Directors and the Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
3.05 cr votes for, 1.35 L against · 1% of mutual funds and other big investors said no
2
To declare a final dividend of ₹3/- (Rupees Three Only) per equity shares of face value of ₹10/- (Rupees Ten Only) each at the rate of 30% on the equity shares for the FY 2025-26
Backed by 100% of shareholders other than promotersneeded 50%
3.06 cr votes for, 1.35 L against · 1% of mutual funds and other big investors said no
3
To appoint a director in place of Mr. Rajesh Mandawewala (DIN: 00007179), who retires by rotation, and being eligible, offers himself for re-appointment.
Backed by 99% of shareholders other than promotersneeded 50%
3.04 cr votes for, 3.05 L against · 3% of mutual funds and other big investors said no
4
Ratification of remuneration payable to the Statutory Auditors of the Company for the FY 2026-27
Backed by 100% of shareholders other than promotersneeded 50%
3.07 cr votes for, 599 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 178 named members
owning 56.1% between them · as of 2026-06-30
BALKRISHAN GOENKA Trustee of Welspun Group Master Trust49.98%
WELSPUN INVESTMENTS AND COMMERCIALS LIMITED3.43%
ARYABHAT VYAPAR PRIVATE LIMITED2.72%
Abhishek Mandawewala HUFno shares
Adani Welspun Exploration Limitedno shares
Alphaclarte Multiventures Private Limitedno shares
Alphaclarte Trading Private Limitedno shares
Angel Power and Steel Private Limited no shares
Business done with them
FY2025 · 13 of the group
The company paid ₹74 cr to companies in the promoter group last year — about 2.1% of its ₹3,584 cr revenue and received ₹2 cr back from them.
ANJAR TMT STEEL PRIVATE LIMITED
Bought goods from them · As stated below
₹56 cr
company paid
MOUNTING RENEWABLE POWER LIMITED
Commitments Made By Entity · As stated below
₹25 cr
company received
WELSPUN TRANSFORMATION SERVICES LIMITED
Paid them for services · As stated below
₹12 cr
company paid
WELSPUN DI PIPES LIMITED
Bought goods from them · As stated below
₹3 cr
company paid
ARYABHAT VYAPAR PRIVATE LIMITED
Contribution received from them · As stated below
also owns 2.72% of the company
₹1 cr
company received
WELSPUN CORP LIMITED
Bought goods from them · As stated below
₹1 cr
company paid
WELSPUN GLOBAL BRANDS LIMITED
Other payments to them · As stated below
₹79 L
company paid
WELSPUN REALTY PRIVATE LIMITED
Leases As Lessee · As stated below
₹51 L
company received
WELSPUN LIVING LIMITED
Paid them for services · As stated below
₹42 L
company paid
WELSPUN TRANSFORMATION SERVICES LIMITED
Contribution received from them · As stated below
₹23 L
company received
WELSPUN LIVING LIMITED
Sold property or assets to them · As stated below
₹18 L
company received
MOUNTING RENEWABLE POWER LIMITED
Settlement Of Liabilities On Behalf Of Entity By Related Party · As stated below
₹13 L
company received
SINTEX-BAPL LIMITED
Leases As Lessor · As stated below
₹11 L
company received
WELSPUN GLOBAL BRANDS LIMITED
Paid them for services · As stated below
₹8 L
company paid
WELSPUN DI PIPES LIMITED
Sold goods to them · As stated below
₹7 L
company received
SINTEX ADVANCE PLASTICS LIMITED
Sold goods to them · As stated below
₹6 L
company received
WELSPUN TRANSFORMATION SERVICES LIMITED
Other payments to them · As stated below
₹5 L
company paid
MOUNTING RENEWABLE POWER LIMITED
Other income from them · As stated below
₹4 L
company received
SINTEX-BAPL LIMITED
Other income from them · As stated below
₹4 L
company received
WELSPUN GLOBAL BRANDS LIMITED
Other income from them · As stated below
₹3 L
company received
WELSPUN LIVING LIMITED
Other income from them · As stated below
₹2 L
company received
WELSPUN SPECIALTY SOLUTIONS LIMITED
Leases As Lessor · As stated below
₹1 L
company received
WELSPUN GLOBAL BRANDS LIMITED
Leases As Lessor · As stated below
₹1 L
company received
WELSPUN HOME SOLUTIONS LIMITED
Sold goods to them · As stated below
₹1 L
company received
WELSPUN CORP LIMITED
Other income from them · As stated below
₹1 L
company received
WELSPUN LIVING LIMITED
Leases As Lessor · As stated below
₹1 L
company received

The company also transacted with 18 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹1,000 cr raised in Oct 2025 by selling shares to selected investors

As of Jun 2026, the company says it has spent 0% of what it set aside, leaving ₹1,000 cr still to be spent. CRISIL RATINGS LIMITED watches the spending on the exchange’s behalf.

Infusion of funds for Construction of 6-Lane Partially Elevated Highway Corridor along with improvement of existing road from Km. 10+600 to Km. 64+000 (Section Pune to Shirur of NH-753F – Minimum Design Length 53.40 Km) in the State of Maharashtra on DFBOT (Toll) Mode, with concession period of 29 years pursuant to receipt of Letter of Award either directly or through SPV (to be incorporated upon receipt of Letter of Award)
0%
₹0 cr of ₹750 cr
General Corporate Purposes
0%
₹0 cr of ₹250 cr

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.