Financials Welspun Corp Limited

Equities

WELCORP

INE191B01025

Iron & Steel

Delayed Bombay S.E. 04:44:32 2024-05-02 EDT 5-day change 1st Jan Change
601 INR +6.52% Intraday chart for Welspun Corp Limited +7.17% +10.06%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 35,978 16,279 36,302 43,696 52,554 147,646 - -
Enterprise Value (EV) 1 35,978 16,279 36,302 43,696 52,554 147,646 147,646 147,646
P/E ratio -271 x 2.59 x 5.88 x 9.99 x 25.5 x 14.4 x 13.9 x 11.5 x
Yield 0.37% - 3.59% 2.99% 2.49% 1.3% 1.39% 1.48%
Capitalization / Revenue 0.4 x 0.16 x 0.56 x 0.67 x 0.54 x 0.85 x 0.84 x 0.75 x
EV / Revenue 0.4 x 0.16 x 0.56 x 0.67 x 0.54 x 0.85 x 0.84 x 0.75 x
EV / EBITDA 5.08 x 1.4 x 4.68 x 9.38 x 6.43 x 8.94 x 8.54 x 7.36 x
EV / FCF - - -38.2 x 466 x 5.21 x 14.1 x 14.5 x 17.9 x
FCF Yield - - -2.62% 0.21% 19.2% 7.09% 6.88% 5.57%
Price to Book 1.29 x - 0.96 x 0.99 x 1.11 x 2.64 x 2.28 x 1.96 x
Nbr of stocks (in thousands) 265,226 260,884 260,884 260,949 261,529 261,667 - -
Reference price 2 135.6 62.40 139.2 167.4 201.0 564.2 564.2 564.2
Announcement Date 19-05-15 20-06-17 21-06-28 22-05-27 23-05-30 - - -
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 97,581 174,426 175,162 196,003
EBITDA 1 7,077 11,600 7,754 4,660 8,175 16,514 17,295 20,048
EBIT 1 3,134 9,267 7,953 7,624 5,768 13,485 13,680 15,951
Operating Margin 3.45% 9.31% 12.35% 11.72% 5.91% 7.73% 7.81% 8.14%
Earnings before Tax (EBT) 1 2,705 - 7,277 6,606 3,336 13,956 14,637 17,189
Net income 1 -132.5 - 6,188 4,442 2,067 10,272 10,211 12,851
Net margin -0.15% - 9.61% 6.83% 2.12% 5.89% 5.83% 6.56%
EPS 2 -0.5000 24.06 23.66 16.77 7.890 39.27 40.70 49.17
Free Cash Flow 1 - - -950.2 93.8 10,090 10,472 10,152 8,228
FCF margin - - -1.48% 0.14% 10.34% 6% 5.8% 4.2%
FCF Conversion (EBITDA) - - - 2.01% 123.42% 63.42% 58.7% 41.04%
FCF Conversion (Net income) - - - 2.11% 488.17% 101.95% 99.43% 64.03%
Dividend per Share 2 0.5000 - 5.000 5.000 5.000 7.333 7.833 8.333
Announcement Date 19-05-15 20-06-17 21-06-28 22-05-27 23-05-30 - - -
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 21-07-29 21-10-28 22-02-10 22-08-04 22-11-03 23-02-02 23-05-30 23-08-04 - -
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 10,153 8,229
ROE (net income / shareholders' equity) 2.41% 21.1% 18% 10.8% 4.51% 19.5% 18.1% 18.8%
ROA (Net income/ Total Assets) - - - - 1.69% 7.5% 6.3% 6.3%
Assets 1 - - - - 122,541 136,964 162,075 203,989
Book Value Per Share 2 105.0 - 145.0 170.0 181.0 214.0 248.0 288.0
Cash Flow per Share 2 - - - - -7.080 40.70 89.90 52.10
Capex 1 603 - 2,983 9,791 11,942 4,954 7,292 7,459
Capex / Sales 0.66% - 4.63% 15.05% 12.24% 2.84% 4.16% 3.81%
Announcement Date 19-05-15 20-06-17 21-06-28 22-05-27 23-05-30 - - -
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
B
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
564.2 INR
Average target price
640.2 INR
Spread / Average Target
+13.47%
Consensus

Quarterly revenue - Rate of surprise

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