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Welspun Enterprises Ltd share Price Today

Company details

439.50
457.50
195.15
497.00
6M Return 41.20%
1Y Return 112.00%
Mkt Cap.(Cr) 6,138.66
Volume 456,042
Div Yield 0.67%
OI
-
OI Chg %
-
Volume 456,042

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Iron & Steel Products company Welspun Enterprises announced FY24 results:

  • Diversified standalone order book stands at ~ Rs 12,200 crore.
  • The order book is categorized as follows:
    • Water & Wastewater management projects constitutes 77%
    • Road projects constitutes 23%
  • Debt Free company on standalone basis
  • The Board has recommended Final Dividend of Rs 3 per equity share of FV Rs 10 (30% of FV)
  • FY24 EBITDA of Rs 439 crore has grown by 31% over FY23
  • Inauguration of UP Section of our Varanasi Aurangabad Road Project by the Honorable Prime Minister 

Speaking about the performance, Sandeep Garg, Managing Director, Welspun Enterprises, said, “FY24 has been a year of consolidation, where we have acquired and successfully integrated Welspun Michigan Ltd. (erstwhile Michigan Engineers Pvt. Ltd.) with WEL. The standalone revenue has been subdued, due to some challenges on the existing projects and delayed order receipts, however, we have surpassed our margin guidance. On a consolidated basis, we have grown revenues by 4%, with EBITDA growth of 58%. This consolidated performance is an outcome of strategic diversification, and efficient deployment of capital that followed from our asset sale in FY23. Our commitment to creating value for our shareholders remains steadfast.”

Result PDF

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Welspun Enterprises Ltd shares SWOT Analysis

Strengths (5)

  • Effectively using its capital to generate profit - RoCE improving in last 2 years
  • Company with Low Debt
  • Increasing Revenue every quarter for the past 2 quarters

Weakness (5)

  • Degrowth in Quarterly Revenue and Profit in Recent Results(YoY)
  • Declining Net Cash Flow : Companies not able to generate net cash
  • Major fall in TTM Net Profit

Opportunity (1)

  • Highest Recovery from 52 Week Low

Threats (0)

Data not found

Resistance and support

R1 454.2
R2 464.8
R3 472.2
Pivot

446.83

S1 436.2
S2 428.8
S3 418.2
EMA SMA
443.9
409.6
376.9
334.9
451.7
399.0
364.1
334.6
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
WELSPUN ENTERPRISES EMPLOYEES WELFARE TRUST Bulk Purchase 2023-05-31 151 1000000 NSE
WELSPUN ENTERPRISES EMPLOYEES WELFARE TRUST Bulk Purchase 2023-05-30 151 1000000 NSE
RAVI GOENKA Bulk Purchase 2022-08-08 113.56 800000 NSE
Name Category Shares
Balkrishan Goenka trustee of Welspun Group Master Trust PROMOTER 48.79%
Welspun Investments And Commercials Limited PROMOTER 3.34%
Aryabhat Vyapar Private Limited PROMOTER 2.38%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
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P BV

Welspun Enterprises Ltd Stocks COMPARISON

Financials( in Cr) Welspun Enterprises Ltd Larsen & Toubro Ltd Rail Vikas Nigam Ltd GMR Airports Infrastructure Ltd IRB Infrastructure Developers Ltd
Price 443.50 3,531.60 416.60 96.91 66.32
% Change -1.97 -0.10 1.67 -1.08 0.08
Mcap Cr 6,138.66 485,478.10 86,861.93 58,494.34 40,050.65
Revenue TTM Cr 2,758.19 221,112.91 20,281.57 6,693.40 6,401.64
Net Profit TTM Cr 726.06 15,569.72 1,420.55 -839.93 720.01
PE TTM 18.90 37.73 55.17 0.00 66.34
1 Year Return 112.00 47.49 236.51 123.55 150.26
ROCE 9.28 14.45 17.22 0.00 6.36
ROE 13.18 17.72 20.81 0.00 5.55
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 2,356.01 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 34,603.75 11,365.18
LAST 3M 103,254.09 -13,985.70
LAST 6M 182,650.74 -3,739.19
LAST 12M 295,819.56 101,589.49

Welspun Enterprises Ltd Information

Stock PE (TTM)
18.9
Promoter Holding
54.51%
Book Value
167.9944
ROCE
9.28%
ROE
13.18%
Description
  • Welspun Enterprises Limited was originally incorporated as MSK Projects (India) Limited on December 20, 1994. The Company name was changed to Welspun Projects Limited in 2011 and again to Welspun Enterprises Limited in 2014-15. The Company is engaged in road and water infrastructure development (Engineering, Procurement and Construction (EPC) and Build, Operate and Transfer (BOT) basis). It is also engaged in carrying out Operation and Maintenance (O&M) activities for the transportation sector projects. Welspun Enterprises Limited, is a part of the USD 2.7 Billion Welspun Group. The Company has been offering various types of works, such as mass housing and township, multi-storied buildings, industrial projects for coal mines, fertilizer plants, petrochemicals and water retaining structures. It has been undertaking the projects for residential township, industrial projects, and infrastructure development projects specially road sector on build-operate and transfer (BOT) basis. They are also serving and executing industrial projects for various large scales private as well as public sector companies engaged in the business of petrochemical, fertilizers, pharmaceutical, mining etc. The company has also ventured into water distribution projects and other surface transport projects involving construction of public utilities. MSK Projects is presently implementing a project which is arguably the second project in the country involving construction of dedicated water supply infrastructure from a perennial source to medium and large scale Industries in a large Industrial area in Dewas in Madhya Pradesh. The company had started construction business in the year 1976 as a partnership firm with the name of M. S. Khurana. In October 2004, it came out with an IPO, which was fully subscriber and the Company`s shares were listed on BSE, NSE and VSE. During the year 2006-07, the company has started a joint venture company, BUL MSK Infrastructure Pvt Ltd for the toll collection from the Dand Apta Kharpada abd Kon Sawle Road Project. Also, the toll collection from Himmatnagar Byepass which has been executed under the100% subsidiary company, MSK (Himmatnagar Byepass) Pvt Ltd is continued during the year. In June 2007, the company received orders worth Rs 34.88 crore from Bharat Oman Refineries Ltd in respect of civil and structural works for pipeline terminals for Vadinar, Bina Pipeline and Bina Refinery Project. Also, they received orders worth Rs 23.18 crore from Bharat Oman Refineries Ltd in respect of civil and structural works for Control Room, Substation, Fire-station, Reservoir and Pump Houses, Pipe Sleepers, Road Ph-II and associated electrical works etc at Crude Oil Terminal at Vadinar (Gujarat) for Bina Refinery Project. During the year 2008-09, the company secured some orders, which includes Earthwork in formation construction of bridges, P-way work and other miscellaneous works in connection with railway sidings (Part-A) for BPCL Bina Despatch Terminal, Bina (MP) from Bharat Petroleum Corporation Ltd, Civil and structural work of residue upgradation and MS/HSD quality improvement project for Indian Oil Corporation Ltd, Gujarat Refinery, Baroda and Non plant buildings (EPCC-12A package) for Panipat Naphtha Cracker Project of Indian Oil Corporation Ltd, New Delhi. The company also secured Polishing pond (EPCC-15) for Panipat Naptha Cracker Project of Indian Oil Corporation Ltd, Refineries division, New Delhi and construction of polishing pond, evaporation pond and other associated work for Bina Refinery project from Bharat Oman Refineries Ltd. In 2010, the companies name was changed from MSK Projects (India) Ltd. to Welspun Projects Ltd. The company also forayed into Energy Business during the same year. The company also acquired majority stake in Aziz European Pipe factory in Saudi Arabia. In 2011, the company acquired 35% stake in Leighton Contractors (India) Pvt Ltd. It came with a new 350,000 MTPA LSAW plant in Anjar. In 2012-13, the Company completed some key construction projects namely Anjar Township, Bhilai Township and Umergam Water Distribution. The other key development in the year was the sale of significant portion of the EPC business. As part of the restructuring of Welspun Group`s investment in infrastructure, a substantial part of EPC business of WPL was transferred to Leighton Welspun Contractors Private Limited (LWIN) . The Transfer of WPL`s water business and other EPC contracts was successfully completed on March 28th, 2013, in return for 7.5% equity stake in LWIN. It completed six BOT (Toll) Road projects with a total length of over 500 km and a capital expenditure of over US $ 200 million. In fact, it was one of the first developers to complete a NHAI BOT project in India. In 2015, the Scheme of Arrangement and Amalgamation between erstwhile Company, Welspun Enterprises Limited, Welspun Infratech Limited, Welspun Plastics Private Limited, Welspun Infra Projects Private Limited and the Company was made effective from May 11, 2015. Pursuant to the Scheme, the name of Company was changed from Welspun Projects Limited to Welspun Enterprises Limited w.e.f. May 29, 2015. The Company completed the first project and India`s first 14 lane expressway- Delhi-Meerut Expressway (Package I), which opened in May, 2018. For project relating to upgradation of Roads/Two Laning of Roads/ Two Laning of Road with paved shoulder under MRIP Package on Hybrid Annuity Mode (HAM) Package No. AM 2 under Public Works Circle, Amravati in Maharashtra State, the Public Works Department declared the Appointed Date as May 28, 2019. The Dewas Industrial Water Supply Project was completed ahead of the scheduled completion date and subsequently received the provisional completion certificate for commencing commercial operation w.e.f. April 30, 2019. For project relating to four laning of Chikhali - Tarsod (Package-IIA) section of NH-6 from km. 360.000 to km.422.700 in the State of Maharashtra, National Highways Authority of India declared the Appointed Date as January 16, 2019. For project relating to six laning of AuntaSimaria (Ganga Bridge with approach roads), National Highways Authority of India declared the Appointed Date as August 30, 2018. Anjar Road Private Limited (ARPL) got merged with the Company in 2019-20, through the Scheme of Amalgamation, which became effective on July 20, 2019. The Company acquired Mukarba Chowk - Panipat BOT (Toll) project of National Highways Authority of India in 2021. Chikhali - Tarsod (CTHPL) and Amravati (AM-2) Road Project completed in Aug. 2021 and November 2021 respectively. In 2023, the Company completed the process of change in ownership of 5 HAM and 1 BOT (Toll) (partial transfer) project in a most efficient and time bound manner. Provisional Commercial Operation Date (PCOD-II) issued by NHAI for Mukarba Chowk Panipat Road Project (MCPRP) w.e.f March 28, 2023. For a Build Operate Transfer Model ("BOT") in the state of Delhi and Haryana, the Company started collecting the toll for the additional length. Water treatment plant to supply 23 MLD of water to industrial customers in Dewas, Madhya Pradesh was made operational in 2023. 418 MLD Wastewater Treatment Facility at Dharavi, Mumbai was completed. The Company sold/ divested five HAM projects and one BOT (Toll) project, for an aggregate asset value of over Rs 9,000 Crore.

Registered Address

Welspun City, Village Versamedi, Anjar, Gujarat, 371110

Tel : 91-2836 662222
Email : companysecretary_wel:welspun.com
Website : http://www.welspunenterprises.com
Registrar

Purva Sharegistry (India) Pvt

AGM Date (Month) : Jun
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 532553
NSE Code : WELENT
Book Closure Date (Month) : Jun
BSE Group : A
ISIN : INE625G01013

FAQ’s on Welspun Enterprises Ltd Shares

You can buy Welspun Enterprises Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Welspun Enterprises Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 24, 2024 03:59 PM the closing price of Welspun Enterprises Ltd was Rs.443.50.

The latest PE ratio of Welspun Enterprises Ltd as of Jun 24, 2024 03:59 PM is 18.90

The latest PB ratio of Welspun Enterprises Ltd as of Jun 24, 2024 03:59 PM is 0.38

The 52-week high of Welspun Enterprises Ltd share price is Rs. 497.00 while the 52-week low is Rs. 195.15

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 24, 2024 03:59 PM, the market cap of Welspun Enterprises Ltd stood at Rs. 6,138.66 Cr.

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