Financials Welspun Corp Limited NSE India S.E.

Equities

WELCORP

INE191B01025

Iron & Steel

Market Closed - NSE India S.E. 05:13:56 28/06/2024 pm IST 5-day change 1st Jan Change
549 INR -0.72% Intraday chart for Welspun Corp Limited +6.41% +0.16%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 35,978 16,279 36,302 43,696 52,554 1,44,027 - -
Enterprise Value (EV) 1 35,978 16,279 36,302 43,696 52,554 1,35,007 1,44,027 1,44,027
P/E ratio -271 x 2.59 x 5.88 x 9.99 x 25.5 x 12.2 x 14.4 x 11.4 x
Yield 0.37% - 3.59% 2.99% 2.49% 1.34% 1.21% 1.21%
Capitalization / Revenue 0.4 x 0.16 x 0.56 x 0.67 x 0.54 x 0.78 x 0.87 x 0.73 x
EV / Revenue 0.4 x 0.16 x 0.56 x 0.67 x 0.54 x 0.78 x 0.87 x 0.73 x
EV / EBITDA 5.08 x 1.4 x 4.68 x 9.38 x 6.43 x 7.4 x 9.15 x 7.27 x
EV / FCF - - -38.2 x 466 x 5.21 x 13.8 x -26 x -58.6 x
FCF Yield - - -2.62% 0.21% 19.2% 7.27% -3.84% -1.71%
Price to Book 1.29 x - 0.96 x 0.99 x 1.11 x 2.57 x 2.29 x 1.97 x
Nbr of stocks (in thousands) 2,65,226 2,60,884 2,60,884 2,60,949 2,61,529 2,62,225 - -
Reference price 2 135.6 62.40 139.2 167.4 201.0 549.2 549.2 549.2
Announcement Date 15/05/19 17/06/20 28/06/21 27/05/22 30/05/23 30/05/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 90,881 99,568 64,397 65,051 97,581 1,73,396 1,65,884 1,98,535
EBITDA 1 7,077 11,600 7,754 4,660 8,175 18,233 15,744 19,814
EBIT 1 3,134 9,267 7,953 7,624 5,768 14,754 12,267 15,945
Operating Margin 3.45% 9.31% 12.35% 11.72% 5.91% 8.51% 7.4% 8.03%
Earnings before Tax (EBT) 1 2,705 - 7,277 6,606 3,336 14,135 12,405 15,772
Net income 1 -132.5 - 6,188 4,442 2,067 11,104 9,949 12,579
Net margin -0.15% - 9.61% 6.83% 2.12% 6.4% 6% 6.34%
EPS 2 -0.5000 24.06 23.66 16.77 7.890 42.32 38.07 48.13
Free Cash Flow 1 - - -950.2 93.8 10,090 10,472 -5,532 -2,456
FCF margin - - -1.48% 0.14% 10.34% 6% -3.34% -1.24%
FCF Conversion (EBITDA) - - - 2.01% 123.42% 63.42% - -
FCF Conversion (Net income) - - - 2.11% 488.17% 101.95% - -
Dividend per Share 2 0.5000 - 5.000 5.000 5.000 7.333 6.667 6.667
Announcement Date 15/05/19 17/06/20 28/06/21 27/05/22 30/05/23 30/05/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2022 Q1 2022 Q2 2022 Q3 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3
Net sales 1 12,989 - 12,989 13,218 19,638 24,023 40,702 40,693 44,289 53,231
EBITDA 1 - - - 288.7 -1,312 1,664 1,914 3,688 3,911 4,491
EBIT - - - - - - - - - -
Operating Margin - - - - - - - - - -
Earnings before Tax (EBT) 1 - - - - - - - 2,401 - -
Net income 1 - 849 - - - - - 1,654 - -
Net margin - - - - - - - 4.06% - -
EPS 2 - 3.240 - - - - - 6.300 - -
Dividend per Share - - - - - - - - - -
Announcement Date 29/07/21 28/10/21 10/02/22 04/08/22 03/11/22 02/02/23 30/05/23 04/08/23 - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - - -950 93.8 10,090 10,473 -5,533 -2,456
ROE (net income / shareholders' equity) 2.41% 21.1% 18% 10.8% 4.51% 19.5% 17.7% 19%
ROA (Net income/ Total Assets) - - - - 1.69% 7.5% 8.8% 9.4%
Assets 1 - - - - 1,22,541 1,36,964 1,13,061 1,33,819
Book Value Per Share 2 105.0 - 145.0 170.0 181.0 214.0 240.0 279.0
Cash Flow per Share 2 - - - - -7.080 40.70 18.00 41.50
Capex 1 603 - 2,983 9,791 11,942 4,954 15,959 14,333
Capex / Sales 0.66% - 4.63% 15.05% 12.24% 2.84% 9.62% 7.22%
Announcement Date 15/05/19 17/06/20 28/06/21 27/05/22 30/05/23 30/05/24 - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
549.2 INR
Average target price
637.3 INR
Spread / Average Target
+16.04%
Consensus

Quarterly revenue - Rate of surprise

1st Jan change Capi.
-9.17% 3.71TCr
+24.73% 2.61TCr
+5.29% 1.97TCr
-27.33% 1.97TCr
+9.65% 1.96TCr
-16.77% 1.86TCr
+5.85% 915.44Cr
-22.30% 827.45Cr
-.--% 800.12Cr
Other Steel