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Welspun India Ltd

Updated on November 12, 2024

Stock/Share Code - WELSPUNIND

Welspun India is a leading manufacturer of wide range of home textile products, mainly terry towels, bed linen products and rugs.

Below is the details of WELSPUNIND Welspun India Ltd

Market Cap	₹5,471 Cr.
Current Price	₹66.05 as on 23 Mar 23
52 Week High / Low Price	₹59.4 / ₹18.3
Face Value	₹1
Stock P/E	16.08
Book Value	₹27.94
Dividend Yield	1.84 %
ROCE	13.52 %
ROE	16.67 %
Sales Growth (3yrs)	-1.90 %
Sector	Textiles
Industry	Textiles - Products
Listed on	BSE AND NSE
Company Website	Company Website

Pros: Company has been maintaining a healthy dividend payout of 21.30%

Cons: The company has delivered a poor growth of 3.93% over past five years. Company has a low return on equity of 13.88% for last 3 years. Promoter holding has decreased over last 3 years: -4.59%

Welspun India Ltd Price Chart

Welspun India Ltd Peer Comparison in Textiles

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Qtr Sales Var %	Sales Qtr Rs.Cr.	ROCE %
1.	Welspun India		16.08	₹5,470.73 Cr.	1.84	₹54.75 Cr.	-64.63	-33.00	961.74	13.52
2.	Garware Tech.	₹99.1	28.33	₹3,946.54 Cr.	0.39	₹35.7 Cr.	-2.51	-12.77	252.56	23.17
3.		14.57	₹3,312.37 Cr.	5.52	₹10.11 Cr.	-91.74	-46.00	708.54	10.17
4.	Swan Energy			₹3,135.04 Cr.	0.08	-₹5.24 Cr.	86.45	7.79	105.00	2.25
5.	TCNS Clothing Co		722.16	₹2,614.22 Cr.	0.00	-₹45.33 Cr.	-321.45	-88.41	32.42	12.71
6.	Raymond		11.47	₹1,915.33 Cr.	1.04	-₹68.25 Cr.	-253.03	-29.31	1278.65	8.68
7.	Jindal Worldwide		36.37	₹1,035.69 Cr.	0.10	₹0.27 Cr.	-94.83	-10.30	639.66	11.38
8.	Dollar Industrie		12.96	₹816.43 Cr.	1.17	₹16.44 Cr.	27.44	-31.51	160.00	14.61

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Welspun India Ltd Fundamentals

Quarterly Results

Quarterly reports are issued by companies every three months. Most companies have a financial year-end of Mar. 31 and quarters that end on June 30, Sept. 30, Dec. 31 and March 31.

Standalone Figures in Rs. Crores

	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020
Sales -	1,259	1,170	1,237	1,329	1,490	1,319	1,257	1,435	1,461	1,243	1,185	962
YOY Sales Growth %	-15.85%	-10.81%	-16.31%	1.47%	18.30%	12.71%	1.64%	7.98%	-1.93%	-5.78%	-5.78%	-33.00%
Expenses -	1,051	955	1,007	1,095	1,278	1,124	1,104	1,096	1,155	1,055	1,009	795
Material Cost %	52.26%	50.85%	48.95%	51.73%	54.44%	54.39%	54.29%	48.04%	51.39%	51.91%	47.65%	49.13%
Employee Cost %	9.94%	10.21%	10.44%	9.21%	8.11%	9.38%	9.55%	8.97%	9.45%	10.98%	11.38%	12.34%
Operating Profit	208	215	230	234	212	195	153	339	306	188	176	167
OPM %	17%	18%	19%	18%	14%	15%	12%	24%	21%	15%	15%	17%
Other Income	11	19	13	13	-3	-12	-123	9	10	56	11	18
Interest	20	21	23	22	20	23	27	20	19	25	32	23
Depreciation	120	118	120	98	100	103	101	95	97	99	97	81
Profit before tax	80	95	101	128	89	56	-98	233	200	121	58	81
Tax %	26%	10%	28%	31%	33%	32%	55%	34%	18%	20%	-3%	32%
Net Profit	59	85	73	88	60	38	-44	155	163	97	60	55
EPS in Rs	0.59	0.84	0.72	0.87	0.60	0.38	-0.43	1.54	1.63	0.96	0.60	0.54
	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes

Profit & Loss

The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs and expenses incurred during a specified period, usually a fiscal quarter or year. The P&L statement is synonymous with the income statement. These records provide information about a company's ability or inability to generate profit" by increasing revenue, reducing costs or both. Some refer to the P&L statement as a statement of profit and loss, income statement, statement of operations, statement of financial results or income, earnings statement or expense statement.

Standalone Figures in Rs. Crores

	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	TTM
Sales -	1,245	1,673	2,041	2,583	3,026	3,514	4,390	4,885	5,639	4,977	5,395	5,324	4,850
Sales Growth %	7.93%	34.38%	21.97%	26.60%	17.13%	16.11%	24.95%	11.27%	15.44%	-11.75%	8.41%	-1.33%
Expenses -	1,162	1,506	1,756	2,132	2,580	2,806	3,348	3,615	4,283	4,083	4,625	4,314	4,013
Material Cost %	46.46%	51.03%	49.61%	49.54%	51.70%	49.02%	48.19%	45.05%	43.35%	45.36%	48.93%	49.78%
Manufacturing Cost %	29.57%	29.04%	26.91%	25.14%	25.24%	21.94%	18.31%	18.49%	21.25%	24.15%	24.45%	0.00%
Employee Cost %	8.32%	6.96%	7.25%	5.97%	6.01%	6.67%	7.42%	8.00%	8.24%	9.99%	9.03%	10.11%
Other Cost %	9.00%	2.97%	2.30%	1.87%	2.31%	2.23%	2.35%	2.45%	3.11%	2.55%	3.32%	21.16%
Operating Profit	83	167	284	452	446	708	1,042	1,270	1,356	894	770	1,009	837
OPM %	7%	10%	14%	17%	15%	20%	24%	26%	24%	18%	14%	19%	17%
Other Income	144	215	-129	-1	44	104	91	115	-375	56	-100	86	95
Interest	106	106	107	144	138	144	181	154	87	88	92	95	98
Depreciation	95	106	114	119	133	623	266	326	466	467	402	388	374
Profit before tax	26	170	-65	189	219	45	686	906	427	394	176	613	460
Tax %	-20%	33%	-54%	38%	22%	33%	26%	28%	28%	23%	19%	22%
Net Profit	31	115	-100	117	171	30	510	648	307	304	142	475	375
EPS in Rs			0.00	1.32	1.65	0.25	4.86	6.21	3.05	3.03	1.41	4.73	3.73
Dividend Payout %	0%	6%	0%	0%	23%	101%	21%	20%	21%	21%	21%	21%

Compounded Sales Growth

10 Years:: 12.27%
5 Years:: 3.93%
3 Years:: -1.90%
TTM:: -11.84%

Compounded Profit Growth

10 Years:: 14.34%
5 Years:: -2.96%
3 Years:: -11.32%
TTM:: -15.69%

Return on Equity

10 Years:: 22.98%
5 Years:: -6.57%
3 Years:: -10.95%
1 Year:: 8.36%

Balance Sheet

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure. It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders. It is used alongside other important financial statements such as the income statement and statement of cash flows in conducting fundamental analysis or calculating financial ratios.

Standalone Figures in Rs. Crores

	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020
Share Capital -	78	78	94	89	100	100	100	100	100	100	100	100
Preference Capital	5	5	5	0	0	0	0	0	0	0	0
Equity Capital	73	73	89	89	100	100	100	100	100	100	100	100
Reserves	482	540	568	832	960	949	1,332	1,799	2,101	2,329	2,389	2,707
Borrowings	1,659	1,658	1,720	1,718	1,694	2,311	2,467	2,566	2,738	2,721	2,510	2,018
Other Liabilities -	296	367	456	572	605	780	928	896	1,308	1,099	1,264	1,396
Trade Payables	108	177	200	203	200	230	252	363	612	524	562	583
Advance from Customers	1	0	1	1	12	3	1	2	4	5	4
Other liability items	187	190	255	368	394	546	675	531	692	570	698	814
Total Liabilities	2,510	2,638	2,833	3,210	3,359	4,141	4,827	5,362	6,248	6,248	6,264	6,221
Fixed Assets -	1,489	1,507	1,529	1,557	1,611	1,254	1,899	2,649	3,009	2,776	2,625	2,363
Gross Block	1,912	2,031	2,149	2,292	2,473	2,724	3,607	2,973	3,787	4,008	4,249
Accumulated Depreciation	423	525	620	736	862	1,469	1,708	324	778	1,232	1,624
CWIP	94	24	55	120	54	524	153	181	48	70	29	22
Investments	105	93	107	205	416	750	706	692	826	903	1,079	1,350
Other Assets -	822	1,014	1,143	1,329	1,277	1,612	2,069	1,841	2,365	2,500	2,531	2,486
Inventories	211	354	453	455	510	687	782	812	898	926	892	1,056
Trade receivables	152	173	133	206	114	218	387	363	740	733	846	754
Cash Equivalents	89	83	37	97	148	192	267	62	104	101	82	80
Loans n Advances	460	454	222	155	240	312	508	524	619	816	760	98
Other asset items	-89	-50	298	416	265	203	126	80	4	-77	-50	498
Total Assets	2,510	2,638	2,833	3,210	3,359	4,141	4,827	5,362	6,248	6,248	6,264	6,221

Cash Flows

Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow.

Standalone Figures in Rs. Crores

	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020
Cash from Operating Activity -	128	142	222	399	593	554	644	1,272	652	491	732	752
Profit from operations	186	355	287	453	474	783	1,110	1,299	876	862	582	887
Receivables	-140	-22	40	-125	92	-105	-168	24	-377	8	-113	91
Inventory	80	-144	-98	-2	-55	-177	-94	-30	-86	-28	34	-164
Payables	7	72	61	78	0	196	75	122	265	-95	46	21
Loans Advances	0	-91	-57	39	94	-129	-136	0	0	0	0	0
Other WC items	0	0	0	0	10	0	0	42	45	-169	258	39
Working capital changes	-53	-185	-54	-11	140	-215	-324	158	-153	-284	225	-13
Direct taxes	-5	-27	-10	-43	-22	-14	-142	-185	-71	-87	-74	-123
Exceptional CF items	-1	0	0	0	0	0	0	0	0	0	0	0
Cash from Investing Activity -	-157	-65	-310	-234	-315	-963	-525	-801	-720	-293	-340	-238
Fixed assets purchased	-174	-67	-191	-210	-199	-718	-578	-1,046	-673	-292	-213	-100
Fixed assets sold	2	0	13	1	8	2	3	4	4	4	7	7
Investments purchased	0	-15	-141	-30	0	0	0	0	-106	0	0	-207
Investments sold	8	0	0	0	-154	-241	44	69	0	44	5	0
Subsidy received	4	11	1	0	0	0	10	7	53	11	5	0
Interest received	1	5	20	24	25	13	17	47	32	33	22	4
Dividends received	2	0	2	4	4	1	1	7	0	0	0	0
Invest in subsidiaries	0	0	0	0	0	0	0	-6	-13	-112	-164	-87
Investment in group cos	0	0	0	0	0	0	0	0	0	0	0	-12
Inter corporate deposits	0	0	0	0	0	0	0	113	0	0	0	0
Other investing items	0	0	-13	-23	1	-20	-23	4	-16	19	-1	158
Cash from Financing Activity -	26	-83	95	-156	-185	432	-126	-568	94	-184	-407	-525
Proceeds from shares	0	0	148	0	2	1	0	0	0	0	0	0
Proceeds from debentures	0	0	0	0	0	0	100	0	0	0	0	0
Proceeds from borrowings	224	86	67	0	0	0	0	0	450	126	189	230
Repayment of borrowings	-107	-77	0	0	0	0	0	0	-296	-143	-400	-487
Interest paid fin	-91	-92	-107	-147	-139	-167	-210	-175	-55	-89	-117	-147
Dividends paid	0	0	-11	0	-18	-20	-60	-200	-5	-65	-65	-131
Financial liabilities	0	0	0	0	0	0	0	0	0	0	0	-12
Other financing items	0	0	-2	-9	-30	618	44	-193	-1	-13	-13	21
Net Cash Flow	-3	-6	8	9	93	24	-7	-97	25	14	-14	-11

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Ratios

	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020
ROCE %	5%	12%	9%	15%	13%	6%	24%	25%	20%	9%	9%	14%
Debtor Days	45	38	24	29	14	23	32	27	48	54	57	52
Inventory Turnover	2.87	3.61	2.97	3.33	3.79	3.33	3.35	3.24	3.30	2.97	3.45	2.72

Announcements & News

Recent Announcements

Credit Ratings

India Ratings Affirms Welspun India at ‘IND AA-’; Outlook Stable Mar 24 from fitch
Welspun India Limited Jan 2 from care
Welspun India Limited 7 Oct 2019 from care
India Ratings Affirms Welspun India at ‘IND AA-’; Outlook Stable 8 Mar 2019 from fitch
Welspun India Limited 4 Oct 2018 from care
India Ratings Affirms Welspun India at ‘IND AA-’; Outlook Stable 15 Dec 2017 from fitch

Annual Reports

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