BSE: 532553 | NSE: WELENT | Construction - Real Estate | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Welspun Enterprises Ltd is a average quality company.
The key valuation ratios of Welspun Enterprises Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Welspun Enterprises Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 3.5% | 3.2% | 4.1% | 10.9% | 15% | 12.6% | 8.3% | 7% | 33.4% | 15.5% | - |
| Value Creation Index ⓘ | -0.8 | -0.8 | -0.7 | -0.2 | 0.1 | -0.1 | -0.4 | -0.5 | 1.4 | 0.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 185 | 186 | 292 | 997 | 1,739 | 1,760 | 1,410 | 1,307 | 2,676 | 2,450 | 2,637 |
| Sales YoY Gr. | - | 0.5% | 56.6% | 241.9% | 74.4% | 1.2% | -19.9% | -7.3% | 104.8% | -8.4% | - |
| Adj EPS ⓘ | 3 | 2.1 | 0.2 | 4.4 | 9 | 9.5 | 7.2 | 6.2 | 25.7 | 20.8 | 21.3 |
| YoY Gr. | - | -31.6% | -91.3% | 2344.4% | 103.4% | 5.8% | -23.8% | -14.3% | 315.7% | -19.1% | - |
| BVPS (₹) ⓘ | 85.6 | 84.8 | 91.7 | 98.2 | 106.9 | 115.5 | 120.9 | 125.8 | 164.1 | 177.4 | 183.2 |
| Adj Net Profit ⓘ | 52.2 | 35.9 | 2.7 | 64.9 | 133 | 141 | 107 | 92.7 | 386 | 284 | 295 |
| Cash Flow from Ops. ⓘ | -33.8 | -3.6 | 133 | -0.8 | -61.9 | 104 | 337 | 222 | 25 | -106 | - |
| Debt/CF from Ops. ⓘ | -2.7 | -19.6 | 0.6 | -80.9 | -2.8 | 3 | 1.8 | 2.3 | 19 | -1.7 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 33.2% | 7.1% | 20.2% | -8.4% | ||||
| Adj EPS ⓘ | 24% | 18.4% | 42.3% | -19.1% | ||||
| BVPSⓘ | 8.4% | 10.7% | 13.6% | 8.1% | ||||
| Share Price | 30.9% | 41.4% | 65.9% | 33.7% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 5.5 | 2.4 | 0.2 | 4.6 | 8.7 | 8.4 | 6.1 | 5 | 17.7 | 11.6 | 11.8 |
| Op. Profit Mgn % ⓘ | -30.3 | -38 | -10.3 | 7.1 | 10.5 | 11.7 | 12 | 11 | 8.8 | 13.7 | 13.2 |
| Net Profit Mgn % ⓘ | 28.2 | 19.3 | 0.9 | 6.5 | 7.6 | 8 | 7.6 | 7.1 | 14.4 | 11.6 | 11.2 |
| Debt to Equity ⓘ | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.3 | 0.3 | 0.2 | 0.1 | 0 |
| Working Cap Days ⓘ | 450 | 425 | 250 | 132 | 180 | 238 | 332 | 469 | 247 | 253 | 156 |
| Cash Conv. Cycle ⓘ | 16 | 62 | 2 | -30 | -45 | -30 | -15 | -23 | 13 | 35 | 80 |
Return on Equity has increased versus last 3 years average to 11.80%
Sales growth is growing at healthy rate in last 3 years 20.22%
Net Profit is growing at healthy rate in last 3 years 42.31%
Sales growth is not so good in last 4 quarters at -0.67%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 21.3 | 21.5 |
| TTM Sales (₹ Cr.) | 2,637 | 3,224 |
| BVPS (₹.) ⓘ | 183.2 | 176.2 |
| Reserves (₹ Cr.) ⓘ | 2,397 | 2,301 |
| P/BV ⓘ | 2.50 | 2.60 |
| PE ⓘ | 21.48 | 21.31 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 270.05 / 619.00 |
| All Time Low / High (₹) | 7.81 / 619.00 |
| Market Cap (₹ Cr.) | 6,346 |
| Equity (₹ Cr.) | 138.4 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 72.9 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 185 | 186 | 292 | 997 | 1,739 | 1,760 | 1,410 | 1,307 | 2,676 | 2,450 |
| Operating Expenses ⓘ | 247 | 257 | 322 | 927 | 1,557 | 1,554 | 1,241 | 1,163 | 2,440 | 2,114 |
| Manufacturing Costs | 70 | 48 | 183 | 812 | 1,408 | 1,416 | 1,093 | 918 | 1,778 | 1,449 |
| Material Costs | 75 | 109 | 70 | 14 | 17 | 9 | 6 | 64 | 390 | 372 |
| Employee Cost | 23 | 28 | 29 | 50 | 77 | 84 | 81 | 109 | 148 | 158 |
| Other Costs ⓘ | 79 | 71 | 40 | 51 | 55 | 45 | 61 | 73 | 123 | 135 |
| Operating Profit ⓘ | -62 | -71 | -30 | 70 | 182 | 206 | 169 | 144 | 237 | 336 |
| Operating Profit Margin (%) | -33.2% | -38.1% | -10.3% | 7.1% | 10.5% | 11.7% | 12.0% | 11.0% | 8.8% | 13.7% |
| Other Income ⓘ | 89 | 116 | 98 | 96 | 55 | 53 | 29 | 38 | 99 | 103 |
| Interest ⓘ | 13 | 11 | 8 | 8 | 14 | 25 | 45 | 53 | 76 | 33 |
| Depreciation ⓘ | 6 | 2 | 17 | 20 | 11 | 19 | 12 | 12 | 10 | 10 |
| Exceptional Items ⓘ | 15 | 7 | 11 | 14 | 20 | 0 | 0 | 0 | 565 | 0 |
| Profit Before Tax ⓘ | 24 | 38 | 53 | 153 | 232 | 214 | 141 | 116 | 815 | 396 |
| Tax ⓘ | 14 | -5 | 10 | 43 | 78 | 55 | 34 | 23 | 47 | 111 |
| Profit After Tax | 10 | 43 | 43 | 110 | 154 | 159 | 107 | 93 | 768 | 285 |
| PAT Margin (%) | 5.5% | 23.1% | 14.8% | 11.0% | 8.8% | 9.1% | 7.6% | 7.1% | 28.7% | 11.6% |
| Adjusted EPS (₹) | 0.6 | 2.5 | 2.9 | 7.4 | 10.4 | 10.7 | 7.2 | 6.2 | 51.2 | 20.9 |
| Dividend Payout Ratio (%) | 0% | 0% | 26% | 20% | 19% | 19% | 21% | 24% | 17% | 14% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 1,484 | 1,476 | 1,351 | 1,448 | 1,583 | 1,715 | 1,799 | 1,884 | 2,462 | 2,421 |
| Share Capital ⓘ | 173 | 174 | 147 | 148 | 148 | 148 | 149 | 150 | 150 | 137 |
| Reserves ⓘ | 1,310 | 1,302 | 1,204 | 1,301 | 1,435 | 1,567 | 1,650 | 1,734 | 2,312 | 2,285 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 84 | 68 | 76 | 60 | 164 | 280 | 566 | 354 | 181 | 181 |
| Long Term Debt | 67 | 56 | 52 | 46 | 6 | 4 | 468 | 354 | 0 | 0 |
| Short Term Debt | 17 | 13 | 24 | 14 | 158 | 277 | 97 | 0 | 181 | 181 |
| Trade Payables | 18 | 23 | 65 | 206 | 564 | 287 | 309 | 398 | 476 | 380 |
| Others Liabilities ⓘ | 87 | 80 | 167 | 193 | 283 | 388 | 510 | 852 | 1,248 | 737 |
| Total Liabilities ⓘ | 1,674 | 1,648 | 1,660 | 1,908 | 2,592 | 2,671 | 3,184 | 3,488 | 4,367 | 3,718 |
Fixed Assets | ||||||||||
| Gross Block | 376 | 173 | 68 | 70 | 135 | 57 | 66 | 81 | 63 | 57 |
| Accumulated Depreciation | 199 | 70 | 43 | 62 | 72 | 26 | 38 | 48 | 43 | 42 |
| Net Fixed Assetsⓘ | 177 | 103 | 25 | 8 | 63 | 32 | 29 | 33 | 20 | 16 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 1,187 | 1,325 | 1,124 | 1,350 | 1,210 | 1,433 | 1,511 | 1,463 | 2,024 | 1,507 |
| Inventories | 4 | 26 | 3 | 1 | 1 | 1 | 5 | 48 | 86 | 103 |
| Trade Receivables | 33 | 37 | 19 | 114 | 342 | 341 | 209 | 312 | 569 | 621 |
| Cash Equivalents | 60 | 36 | 294 | 44 | 112 | 121 | 167 | 86 | 470 | 427 |
| Others Assetsⓘ | 213 | 121 | 194 | 391 | 864 | 744 | 1,263 | 1,547 | 1,198 | 1,044 |
| Total Assets ⓘ | 1,674 | 1,648 | 1,660 | 1,908 | 2,592 | 2,671 | 3,184 | 3,488 | 4,367 | 3,718 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -34 | -4 | 133 | -1 | -62 | 104 | 337 | 222 | 25 | -106 |
| PBT ⓘ | 8 | 38 | 53 | 153 | 232 | 214 | 141 | 116 | 815 | 396 |
| Adjustment ⓘ | -22 | -59 | -63 | -55 | -16 | 1 | 36 | 32 | -576 | -56 |
| Changes in Working Capital ⓘ | -20 | 17 | 150 | -59 | -205 | -49 | 200 | 104 | -159 | -347 |
| Tax Paid ⓘ | -1 | 0 | -8 | -40 | -73 | -63 | -40 | -31 | -55 | -98 |
| Cash Flow From Investing Activity ⓘ | -170 | 145 | 205 | -258 | -221 | -178 | -717 | -266 | 1,673 | -67 |
| Capex | 8 | 2 | 2 | -3 | -73 | 8 | -2 | -4 | 21 | 14 |
| Net Investments | 0 | 101 | 259 | 20 | 61 | -41 | 59 | 0 | 10 | 32 |
| Others ⓘ | -177 | 42 | -56 | -276 | -208 | -146 | -774 | -262 | 1,642 | -113 |
| Cash Flow From Financing Activityⓘ | -32 | -34 | -165 | -29 | 67 | 78 | 207 | -173 | -243 | -662 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 3 | -17 | -2 | -4 | -39 | 21 | 445 | -4 | -200 | -275 |
| Interest Paid ⓘ | -21 | -11 | -6 | -6 | -13 | -25 | -16 | -52 | -83 | -40 |
| Dividend Paid ⓘ | 0 | 0 | 0 | -13 | -27 | -35 | -30 | -22 | -135 | -14 |
| Others ⓘ | -14 | -6 | -157 | -5 | 146 | 117 | -193 | -94 | 174 | -334 |
| Net Cash Flow ⓘ | -236 | 108 | 173 | -289 | -216 | 4 | -174 | -217 | 1,455 | -835 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 1.06 | 2.91 | 3.06 | 7.84 | 10.14 | 9.66 | 6.12 | 5.07 | 35.34 | 11.68 |
| ROCE (%) | 3.48 | 3.19 | 4.1 | 10.86 | 14.95 | 12.55 | 8.31 | 7.04 | 33.39 | 15.49 |
| Asset Turnover Ratio | 0.16 | 0.11 | 0.18 | 0.56 | 0.77 | 0.67 | 0.48 | 0.39 | 0.68 | 0.61 |
| PAT to CFO Conversion(x) | -3.4 | -0.09 | 3.09 | -0.01 | -0.4 | 0.65 | 3.15 | 2.39 | 0.03 | -0.37 | Working Capital Days |
| Receivable Days | 79 | 69 | 35 | 24 | 48 | 71 | 71 | 73 | 60 | 89 |
| Inventory Days | 9 | 29 | 18 | 1 | 0 | 0 | 1 | 7 | 9 | 14 |
| Payable Days | 172 | 64 | 224 | 3,487 | 8,108 | 0 | 0 | 1,808 | 337 | 367 |
MSK Projects (India) incorporated on December 20, 1994, had started construction business in the year 1976 in the name of M S Khurana, a partnership firm.
The firm was registered as a public limited company in the name of MSK Projects (India) under section 566 of the Companies Act, 1956. The company has got certificate of commencement of business on January 27, 1995. The company entered in the field of industrial construction with prime motive of servicing reputed clients. The firm has gained various types of works such as mass housing & township, multi-storied buildings. Industrial projects for coal mines, fertilizer plants, petrochemicals, water retaining structures, and have successfully & timely executed them.
The company has been promoted by Ashok Khurana, a commerce graduate who has more than 30 years of vast experience in the field of construction. He is Managing Director of the company since January, 1995 and the main guiding force of the company. He has executed various types of projects such as mass housing & townships, multi-storied buildings, Industrial Projects for coal mines and fertilizers, overhead and underground water tanks, water retaining structures, flyover bridges etc.
On going projects of the company
Industrial
Road
Bus Terminal
Water Supply
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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