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Welspun Enterprises Ltd.
(WELENT)
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Rating:60Neutral
Price Target:
₹657.00
▲(32.10% 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
Strong revenue growth
Sustained sharp revenue expansion through 2026 indicates the company is winning and executing larger contracts and scaling operations. A growing top line supports longer-term contract pipeline strength, capacity utilization gains, and a broader base to absorb fixed costs, aiding durable profit potential.
Negative Factors
Persistent negative operating cash flow
Multi-year negative operating and free cash flow shows earnings are not converting to cash, forcing reliance on external financing. This weak cash conversion elevates refinancing and liquidity risk, constrains reinvestment or dividend capacity, and leaves the business vulnerable to working-capital shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth
Sustained sharp revenue expansion through 2026 indicates the company is winning and executing larger contracts and scaling operations. A growing top line supports longer-term contract pipeline strength, capacity utilization gains, and a broader base to absorb fixed costs, aiding durable profit potential.
Read all positive factors
Welspun Enterprises Ltd. (WELENT) vs. iShares MSCI India ETF (INDA)
Market Cap
₹86.81B
Dividend Yield0.48%
Average Volume (3M)32.40K
Price to Earnings (P/E)24.2
Beta (1Y)1.32
Revenue Growth0.87%
EPS Growth9.05%
CountryIN
Employees30,000
SectorGeneral
Sector StrengthN/A
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
Based in Mumbai, India, Welspun Enterprises Limited is an Indian firm established in 1976 that specializes in infrastructure development. The company undertakes engineering, procurement, and construction (EPC) activities for a variety of projects ...
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 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 36.15B | 35.84B | 28.72B | 27.58B | 13.36B |
| Gross Profit | 8.03B | 8.16B | 9.21B | 6.43B | 4.19B |
| EBITDA | 7.94B | 5.22B | 6.16B | 8.74B | 2.07B |
| Net Income | 3.50B | 3.23B | 2.95B | 7.23B | 1.25B |
Balance Sheet | |||||
| Total Assets | 73.29B | 60.58B | 49.49B | 51.06B | 58.95B |
| Cash, Cash Equivalents and Short-Term Investments | 17.21B | 11.07B | 7.34B | 17.81B | 3.49B |
| Total Debt | 19.87B | 14.99B | 7.62B | 7.64B | 25.26B |
| Total Liabilities | 40.68B | 33.49B | 24.59B | 27.44B | 41.01B |
| Stockholders Equity | 30.44B | 25.40B | 23.23B | 23.56B | 17.91B |
Cash Flow | |||||
| Free Cash Flow | -677.50M | -3.25B | -4.15B | -2.68B | -1.49B |
| Operating Cash Flow | -337.70M | -2.73B | -3.44B | -1.12B | 2.87B |
| Investing Cash Flow | -9.17B | -166.30M | -638.70M | 12.89B | -4.87B |
| Financing Cash Flow | 6.13B | 5.36B | -4.86B | -2.04B | 1.25B |
Welspun Enterprises Ltd. Technical Analysis
Positive
497.35
Price Trends
553.99
Positive
513.21
Positive
513.54
Positive
Market Momentum
20.96
Positive
71.36
Negative
75.45
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:WELENT, the sentiment is Positive. The current price of 497.35 is below the 20-day moving average (MA) of 602.68, below the 50-day MA of 553.99, and below the 200-day MA of 513.54, indicating a bullish trend. The MACD of 20.96 indicates Positive momentum. The RSI at 71.36 is Negative, neither overbought nor oversold. The STOCH value of 75.45 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:WELENT.
Welspun Enterprises Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ₹86.28B | 9.89 | ― | 1.20% | 13.58% | -11.01% | |
66 Neutral | ₹5.25T | 31.56 | ― | 0.84% | 11.79% | 15.95% | |
60 Neutral | ₹86.81B | 24.24 | ― | 0.58% | 0.87% | 9.05% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹58.65B | 26.71 | ― | ― | -29.16% | 44.18% | |
51 Neutral | ₹87.68B | 13.01 | ― | 1.37% | -6.20% | -17.64% | |
50 Neutral | ₹110.23B | 43.46 | ― | 0.65% | -4.78% | -50.18% |
* General Sector Average
IN:WELENT
Welspun Enterprises Ltd.
625.90
113.03
22.04%
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22.73
-5.42
-19.25%
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IN:NCC
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139.80
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-37.91%
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.