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Welspun Enterprises Ltd.
(WELENT)
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Rating:63Neutral
Price Target:
₹881.00
▲(77.14% 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
Strong Revenue Expansion
Revenue has expanded sharply from 2022 through 2026, with especially strong year-over-year growth in 2026. For a project-based infrastructure developer, a larger revenue base can indicate greater execution scale and support continued participation in sizeable public-sector opportunities.
Negative Factors
Persistent Negative Cash Flow
Persistent negative operating and free cash flow indicates that reported earnings are not converting reliably into cash. This can increase dependence on financing, limit internally funded growth, and leave the company more exposed when project working-capital cycles or collections remain pressured.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Expansion
Revenue has expanded sharply from 2022 through 2026, with especially strong year-over-year growth in 2026. For a project-based infrastructure developer, a larger revenue base can indicate greater execution scale and support continued participation in sizeable public-sector opportunities.
Read all positive factors
Welspun Enterprises Ltd. (WELENT) vs. iShares MSCI India ETF (INDA)
Market Cap
₹114.30B
Dividend Yield0.36%
Average Volume (3M)31.86K
Price to Earnings (P/E)36.4
Beta (1Y)1.15
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. Volume16,565
30 Day Avg. Volume31,862
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 primarily makes money by winning infrastructure contracts and executing them under agreed commercial terms. Its core revenue stream is project-based income from EPC and infrastructure development contracts, where it earns revenue as work pr...
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
Positive
497.35
Price Trends
652.34
Positive
596.28
Positive
539.07
Positive
Market Momentum
46.36
Negative
70.69
Negative
61.24
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 737.67, below the 50-day MA of 652.34, and below the 200-day MA of 539.07, indicating a bullish trend. The MACD of 46.36 indicates Negative momentum. The RSI at 70.69 is Negative, neither overbought nor oversold. The STOCH value of 61.24 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 |
|---|---|---|---|---|---|---|---|
65 Neutral | ₹79.71B | 7.86 | ― | 0.30% | 25.06% | -7.89% | |
63 Neutral | ₹114.30B | 36.43 | ― | 0.36% | 0.63% | -2.18% | |
62 Neutral | ₹5.31T | 29.80 | ― | 0.98% | 9.78% | 13.15% | |
56 Neutral | ₹86.01B | 12.31 | ― | 1.61% | -1.81% | -12.78% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
45 Neutral | ₹57.05B | 28.27 | ― | 1.34% | -20.64% | -12.46% | |
44 Neutral | ₹96.87B | 67.54 | ― | 0.76% | -11.87% | -73.37% |
* General Sector Average
IN:WELENT
Welspun Enterprises Ltd.
825.80
281.23
51.64%
IN:AFCONS
Afcons Infrastructure Limited
263.40
-191.99
-42.16%
IN:GRINFRA
G R Infraprojects Ltd.
823.75
-482.20
-36.92%
IN:HCC
Hindustan Construction Co. Ltd.
21.78
-6.86
-23.95%
IN:LT
Larsen & Toubro Limited
3,860.00
253.08
7.02%
IN:NCC
NCC Limited
137.00
-73.75
-34.99%
Welspun Enterprises Ltd. Corporate Events
Welspun Enterprises Moves AGM and Investor Communication Fully Online for FY 2025-26
Jul 29, 2026
Welspun Enterprises Limited has notified stock exchanges that it has sent letters to shareholders whose email addresses are not registered, providing web links to access the notice of its 32nd Annual General Meeting and the annual report for FY 20...
Welspun Enterprises Files FY26 Sustainability Report With Limited Assurance
Jul 29, 2026
Welspun Enterprises Limited has submitted its Business Responsibility and Sustainability Report for the financial year 2025-26 to the BSE and NSE, in line with SEBI’s reporting requirements. The report covers standalone operations and is acc...
Welspun Enterprises Sets August 20, 2026 Virtual AGM, Confirms Dividend Timelines
Jul 29, 2026
Welspun Enterprises Limited has scheduled its 32nd Annual General Meeting for August 20, 2026 at 11:00 a.m. IST, to be conducted via video conferencing and other audio-visual means in line with Ministry of Corporate Affairs and SEBI guidelines. Th...
Welspun Enterprises to Exit Bihar Highway Asset in Rs 1,000 Crore Deal
Jul 29, 2026
Welspun Enterprises Ltd. has signed a Securities Subscription and Purchase Agreement with BIIF Infrastructure II Pvt. Ltd. to divest its entire stake in Welspun Aunta-Simaria Project Pvt. Ltd., the concessionaire for the Aunta Simaria Ganga River ...
Welspun Enterprises Announces Virtual 32nd AGM Notice to Shareholders
Jul 27, 2026
Welspun Enterprises Ltd. has notified stock exchanges that it has published newspaper advertisements informing shareholders of its 32nd Annual General Meeting, which will be held on August 20, 2026, at 11:00 a.m. IST via video conferencing and oth...
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.