Welspun Enterprises Ltd. (IN:WELENT)
:WELENT
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Welspun Enterprises Ltd.
(WELENT)
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Rating:60Neutral
Price Target:
₹536.00
▲(7.77% Upside)
Action:Reiterated
Date:05/16/26
The score is held back primarily by multi-year negative operating and free cash flow despite strong reported revenue growth and decent profitability. Technicals are moderately supportive with a positive trend and neutral momentum, while valuation is fair on earnings but offers limited dividend support.
Positive Factors
Sharp revenue expansion
Sustained top-line expansion through 2026 indicates stronger order intake and project execution scale in WELENT's core EPC and HAM businesses. Durable revenue growth improves fixed-cost absorption, strengthens bargaining power on projects, and supports reinvestment for new concessions over the coming months.
Negative Factors
Persistent negative operating and free cash flow
Multi-year negative operating and free cash flow means reported profits are not converting to cash, forcing reliance on external financing or equity to fund working capital and project investments. This structural cash gap raises refinancing and liquidity risk and can constrain bid capacity for new concessions.
Read all positive and negative factors
Positive Factors
Negative Factors
Sharp revenue expansion
Sustained top-line expansion through 2026 indicates stronger order intake and project execution scale in WELENT's core EPC and HAM businesses. Durable revenue growth improves fixed-cost absorption, strengthens bargaining power on projects, and supports reinvestment for new concessions over the coming months.
Read all positive factors
Welspun Enterprises Ltd. (WELENT) vs. iShares MSCI India ETF (INDA)
Market Cap
₹67.80B
Dividend Yield0.58%
Average Volume (3M)32.40K
Price to Earnings (P/E)16.1
Beta (1Y)1.27
Revenue Growth0.87%
EPS Growth9.05%
CountryIN
Employees30,000
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)25.81
Shares Outstanding138,413,800
10 Day Avg. Volume31,266
30 Day Avg. Volume32,398
Financial Highlights & Ratios
PEG Ratio1.74
Price to Book (P/B)1.85
Price to Sales (P/S)1.56
P/FCF Ratio-83.22
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)30.4
Revenue Forecast (FY)₹38.37B
Welspun Enterprises Ltd. Business Overview & Revenue Model
Company Description
Welspun Enterprises Limited engages in the engineering, procurement, and construction of infrastructure development projects in India. It operates in two segments, Infrastructure, and Oil and Gas. The company develops and operates roads, water, an...
How the Company Makes Money
WELENT generates revenue mainly through (1) EPC/contracting income and (2) returns from infrastructure projects executed under PPP/HAM structures.
1) EPC/contracting (project execution) revenue: The company earns contract revenue by undertaking i...
Welspun Enterprises Ltd. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
63
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 35.17B | 36.15B | 35.84B | 28.72B | 27.58B | 13.36B |
| Gross Profit | 10.68B | 8.03B | 8.16B | 9.21B | 6.43B | 4.19B |
| EBITDA | 7.30B | 7.48B | 5.22B | 6.16B | 8.74B | 2.07B |
| Net Income | 3.47B | 3.50B | 3.23B | 2.95B | 7.23B | 1.25B |
Balance Sheet | ||||||
| Total Assets | 63.87B | 73.29B | 60.58B | 49.49B | 51.06B | 58.95B |
| Cash, Cash Equivalents and Short-Term Investments | 10.97B | 17.21B | 11.07B | 7.34B | 17.81B | 3.49B |
| Total Debt | 19.41B | 19.87B | 14.99B | 7.62B | 7.64B | 25.26B |
| Total Liabilities | 35.17B | 40.68B | 33.49B | 24.59B | 27.44B | 41.01B |
| Stockholders Equity | 26.81B | 30.44B | 25.40B | 23.23B | 23.56B | 17.91B |
Cash Flow | ||||||
| Free Cash Flow | -4.41B | -677.50M | -3.25B | -4.15B | -2.68B | -1.49B |
| Operating Cash Flow | -4.21B | -337.70M | -2.73B | -3.44B | -1.12B | 2.87B |
| Investing Cash Flow | -2.99B | -9.17B | -166.30M | -638.70M | 12.89B | -4.87B |
| Financing Cash Flow | 2.97B | 6.13B | 5.36B | -4.86B | -2.04B | 1.25B |
Welspun Enterprises Ltd. Technical Analysis
Negative
497.35
Price Trends
477.43
Positive
483.85
Positive
498.50
Negative
Market Momentum
4.34
Positive
45.97
Neutral
41.13
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:WELENT, the sentiment is Negative. The current price of 497.35 is below the 20-day moving average (MA) of 512.75, above the 50-day MA of 477.43, and below the 200-day MA of 498.50, indicating a neutral trend. The MACD of 4.34 indicates Positive momentum. The RSI at 45.97 is Neutral, neither overbought nor oversold. The STOCH value of 41.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:WELENT.
Welspun Enterprises Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹52.92B | 30.38 | ― | 0.06% | 10.19% | -16.13% | |
74 Outperform | ₹29.86B | 11.41 | ― | 4.70% | -20.94% | 21.86% | |
67 Neutral | ₹37.00B | 13.34 | ― | 0.67% | 5.19% | 3.24% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | ₹67.80B | 16.11 | ― | 0.58% | 0.87% | 9.05% | |
53 Neutral | ₹54.26B | 21.04 | ― | 0.23% | -28.83% | -29.62% | |
52 Neutral | ₹159.73B | 9.43 | ― | ― | 1.75% | ― |
* Industrials Sector Average
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Welspun Enterprises Ltd. Corporate Events
Welspun Enterprises Confirms SEBI Dematerialisation Compliance for March Quarter
Apr 10, 2026
Welspun Enterprises Ltd. has disclosed that it received a compliance certificate from its registrar and share transfer agent, MUFG Intime India Pvt. Ltd., confirming adherence to Regulation 74(5) of the SEBI (Depositories and Participants) Regulat...
Welspun Enterprises Subsidiary Disputes Rs 33.34 Crore Tax Assessment
Apr 3, 2026
Welspun Enterprises Ltd. has disclosed that its subsidiary, Welspun Aunta-Simaria Project Private Limited, received a demand notice from the Income Tax Department’s National Faceless Assessment Centre for FY 2023-24, after an assessment unde...
Welspun Enterprises to Join Arihant Capital’s Rising Stars 2026 Investor Conference
Mar 4, 2026
Welspun Enterprises Ltd. has announced that its officials will participate in the Arihant Capital – Bharat Connect Conference: Rising Stars 2026, scheduled virtually on March 9, 2026, for engagements with analysts and institutional investors...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.