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Welspun Enterprises Ltd.
(WELENT)
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Rating:63Neutral
Price Target:
₹662.00
▲(33.11% Upside)
Action:Reiterated
Date:09/19/26
The score is held back primarily by weak financial quality driven by persistently negative operating and free cash flow despite strong revenue growth and decent profitability. Technicals are a clear positive with strong price momentum above key moving averages, but valuation remains a constraint given the high P/E and very low dividend yield.
Positive Factors
Revenue Expansion
Sharp multi-year revenue expansion indicates that Welspun Enterprises is scaling its infrastructure project activity and converting opportunities into a larger operating base. If sustained, this growth can support greater bidding capacity, operating leverage, and a stronger position across roads and water infrastructure.
Negative Factors
Weak Cash Conversion
Persistent negative operating and free cash flow indicates that reported earnings are not consistently converting into available cash. This can increase reliance on financing and make the company more exposed to working-capital demands and project cash-cycle pressures over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Expansion
Sharp multi-year revenue expansion indicates that Welspun Enterprises is scaling its infrastructure project activity and converting opportunities into a larger operating base. If sustained, this growth can support greater bidding capacity, operating leverage, and a stronger position across roads and water infrastructure.
Read all positive factors
Welspun Enterprises Ltd. (WELENT) vs. iShares MSCI India ETF (INDA)
Market Cap
₹85.83B
Dividend Yield0.48%
Average Volume (3M)36.22K
Price to Earnings (P/E)27.4
Beta (1Y)1.19
Revenue Growth0.63%
EPS Growth-2.18%
CountryIN
Employees40,000
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)22.60
Shares Outstanding138,413,800
10 Day Avg. Volume8,123
30 Day Avg. Volume36,222
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 ...
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 | 35.44B | 36.15B | 35.84B | 28.72B | 27.58B | 13.36B |
| Gross Profit | 9.20B | 8.03B | 8.16B | 9.21B | 6.43B | 4.19B |
| EBITDA | 7.73B | 7.94B | 5.22B | 6.16B | 8.74B | 2.07B |
| Net Income | 3.06B | 3.50B | 3.23B | 2.95B | 7.23B | 1.25B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 73.29B | 60.58B | 49.49B | 51.06B | 58.95B |
| Cash, Cash Equivalents and Short-Term Investments | 15.76B | 17.21B | 11.07B | 7.34B | 17.81B | 3.49B |
| Total Debt | 0.00 | 19.87B | 14.99B | 7.62B | 7.64B | 25.26B |
| Total Liabilities | -32.61B | 40.68B | 33.49B | 24.59B | 27.44B | 41.01B |
| Stockholders Equity | 32.61B | 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
718.15
Negative
652.81
Negative
567.50
Positive
Market Momentum
-26.85
Positive
31.05
Neutral
19.29
Positive
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 695.17, below the 50-day MA of 718.15, and below the 200-day MA of 567.50, indicating a neutral trend. The MACD of -26.85 indicates Positive momentum. The RSI at 31.05 is Neutral, neither overbought nor oversold. The STOCH value of 19.29 is Positive, 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | ₹73.11B | 7.19 | ― | 0.33% | 25.06% | -7.89% | |
63 Neutral | ₹85.83B | 27.39 | ― | 0.48% | 0.63% | -2.18% | |
62 Neutral | ₹5.31T | 27.40 | ― | 0.99% | 11.15% | 17.37% | |
56 Neutral | ₹71.92B | 10.28 | ― | 1.92% | -1.81% | -12.78% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
45 Neutral | ₹44.98B | 22.26 | ― | 1.34% | -20.64% | -12.46% | |
44 Neutral | ₹75.80B | 52.83 | ― | 0.97% | -11.87% | -73.37% |
* General Sector Average
IN:WELENT
Welspun Enterprises Ltd.
620.10
60.16
10.74%
IN:AFCONS
Afcons Infrastructure Limited
206.10
-240.65
-53.87%
IN:GRINFRA
G R Infraprojects Ltd.
755.60
-416.40
-35.53%
IN:HCC
Hindustan Construction Co. Ltd.
17.17
-11.36
-39.82%
IN:LT
Larsen & Toubro Limited
3,858.00
-83.60
-2.12%
IN:NCC
NCC Limited
114.55
-96.24
-45.66%
Welspun Enterprises Ltd. Corporate Events
Welspun Enterprises Files SEBI Demat Compliance Certificate for Q2 FY2026
Oct 15, 2026
Welspun Enterprises Ltd. has submitted a compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30 September 2026. The filing, made to both BSE and NSE, confirms that its r...
Crisil Upgrades Credit Ratings for Welspun Enterprises and Key Subsidiaries
Sep 21, 2026
Welspun Enterprises Ltd., a key infrastructure and construction player under the Welspun Group, executes road, water, and engineering projects, supported by material subsidiaries Welspun Michigan Engineers Ltd. and Welspun EDAC JV Pvt. Ltd. The gr...
Welspun Subsidiary Wins ₹351-Crore World Bank-Funded Sewer Orders in Ahmedabad
Sep 20, 2026
Welspun Michigan Engineers Ltd., a material subsidiary of Welspun Enterprises, has secured two World Bank-funded sewer rehabilitation contracts from the Ahmedabad Municipal Corporation with a combined value of ₹351.24 crore including GST. Th...
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.