Past 10 year's financial track record analysis by Moneyworks4me indicates that Welspun Living Ltd is a good quality company.
The key valuation ratios of Welspun Living 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 Semi Strong which suggest that the price of Welspun Living Ltd is likely to Rise-somewhat 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 % ⓘ | 23.9% | 26.9% | 12.7% | 12.1% | 7.5% | 14% | 15% | 14.7% | 6.4% | 16.6% | - |
| Value Creation Index ⓘ | 0.7 | 1.0 | -0.1 | -0.1 | -0.5 | -0 | 0.1 | 0.1 | -0.5 | 0.2 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 5,303 | 5,922 | 6,638 | 6,050 | 6,527 | 6,741 | 7,340 | 9,311 | 8,094 | 9,679 | 10,396 |
| Sales YoY Gr. | - | 11.7% | 12.1% | -8.9% | 7.9% | 3.3% | 8.9% | 26.9% | -13.1% | 19.6% | - |
| Adj EPS ⓘ | 5.6 | 7.4 | 6.8 | 3.6 | 4.1 | 4.5 | 5.4 | 6.2 | 2.2 | 6.9 | 7.4 |
| YoY Gr. | - | 33.1% | -8.7% | -46.5% | 11.9% | 9.9% | 20.4% | 14.7% | -64.8% | 218.9% | - |
| BVPS (₹) ⓘ | 14.3 | 19.6 | 23.9 | 25.9 | 27.7 | 29.6 | 36.3 | 40.2 | 41.3 | 46.4 | 47.5 |
| Adj Net Profit ⓘ | 562 | 748 | 682 | 364 | 408 | 448 | 540 | 609 | 215 | 673 | 709 |
| Cash Flow from Ops. ⓘ | 939 | 1,328 | 832 | 545 | 807 | 777 | 954 | 587 | 756 | 533 | - |
| Debt/CF from Ops. ⓘ | 3.3 | 2.5 | 4 | 6 | 4.1 | 4.4 | 3 | 5.4 | 3.1 | 4.7 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 6.9% | 8.2% | 9.7% | 19.6% | ||||
| Adj EPS ⓘ | 2.4% | 11.3% | 8.8% | 218.9% | ||||
| BVPSⓘ | 14% | 10.9% | 8.6% | 12.3% | ||||
| Share Price | 17.2% | 26.8% | 3.3% | 8.8% | ||||
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 % ⓘ | 44.2 | 44 | 31.2 | 14.6 | 15.2 | 15.6 | 16.3 | 16 | 5.3 | 15.6 | 15.7 |
| Op. Profit Mgn % ⓘ | 24.6 | 27.2 | 23.9 | 18.6 | 16.6 | 18.1 | 18.5 | 14.7 | 9.8 | 14.1 | 13.4 |
| Net Profit Mgn % ⓘ | 10.7 | 12.8 | 10.4 | 6.2 | 6.5 | 6.9 | 7.5 | 6.6 | 2.7 | 6.9 | 6.8 |
| Debt to Equity ⓘ | 2.2 | 1.7 | 1.4 | 1.3 | 1.2 | 1.2 | 0.8 | 0.8 | 0.6 | 0.6 | 0.2 |
| Working Cap Days ⓘ | 161 | 161 | 165 | 191 | 194 | 198 | 194 | 162 | 179 | 154 | 90 |
| Cash Conv. Cycle ⓘ | 64 | 63 | 68 | 82 | 87 | 85 | 81 | 72 | 88 | 79 | 35 |
Return on Equity has increased versus last 3 years average to 15.70%
Debt to equity has declined versus last 3 years average to 0.56
Sales growth is good in last 4 quarters at 19.80%
Sales growth has been subdued in last 3 years 9.66%
Net Profit has been subdued in last 3 years 8.82%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 5.9 | 7.4 |
| TTM Sales (₹ Cr.) | 8,253 | 10,396 |
| BVPS (₹.) ⓘ | 38.8 | 47.5 |
| Reserves (₹ Cr.) ⓘ | 3,621 | 4,462 |
| P/BV ⓘ | 4.11 | 3.35 |
| PE ⓘ | 27.17 | 21.52 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 122.60 / 213.10 |
| All Time Low / High (₹) | 0.30 / 213.10 |
| Market Cap (₹ Cr.) | 15,265 |
| Equity (₹ Cr.) | 95.9 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 29.6 |
| 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 | 5,303 | 5,922 | 6,638 | 6,050 | 6,527 | 6,741 | 7,340 | 9,311 | 8,094 | 9,679 |
| Operating Expenses ⓘ | 4,028 | 4,329 | 5,055 | 4,927 | 5,462 | 5,526 | 5,988 | 7,953 | 7,341 | 8,310 |
| Manufacturing Costs | 600 | 893 | 1,108 | 989 | 1,112 | 1,097 | 1,256 | 1,473 | 1,399 | 1,717 |
| Material Costs | 2,544 | 2,446 | 2,789 | 2,768 | 3,091 | 3,035 | 3,297 | 4,773 | 4,272 | 4,783 |
| Employee Cost | 421 | 537 | 637 | 675 | 711 | 778 | 823 | 867 | 794 | 1,027 |
| Other Costs ⓘ | 463 | 454 | 520 | 495 | 547 | 617 | 612 | 840 | 876 | 783 |
| Operating Profit ⓘ | 1,274 | 1,593 | 1,583 | 1,123 | 1,065 | 1,215 | 1,352 | 1,359 | 753 | 1,369 |
| Operating Profit Margin (%) | 24.0% | 26.9% | 23.9% | 18.6% | 16.3% | 18.0% | 18.4% | 14.6% | 9.3% | 14.1% |
| Other Income ⓘ | 95 | 90 | 81 | 81 | 82 | 95 | 68 | 66 | 121 | 146 |
| Interest ⓘ | 283 | 237 | 158 | 141 | 159 | 178 | 198 | 131 | 130 | 153 |
| Depreciation ⓘ | 333 | 372 | 505 | 504 | 436 | 481 | 454 | 420 | 442 | 394 |
| Exceptional Items ⓘ | 0 | 0 | -465 | 0 | -265 | 43 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 753 | 1,074 | 536 | 560 | 287 | 694 | 769 | 873 | 302 | 967 |
| Tax ⓘ | 209 | 325 | 173 | 161 | 61 | 170 | 218 | 266 | 99 | 294 |
| Profit After Tax | 544 | 749 | 362 | 398 | 226 | 524 | 551 | 607 | 203 | 673 |
| PAT Margin (%) | 10.3% | 12.6% | 5.5% | 6.6% | 3.5% | 7.8% | 7.5% | 6.5% | 2.5% | 7.0% |
| Adjusted EPS (₹) | 5.4 | 7.3 | 3.6 | 3.8 | 2.1 | 5.1 | 5.4 | 6.1 | 2.0 | 7.0 |
| Dividend Payout Ratio (%) | 20% | 18% | 18% | 17% | 14% | 20% | 3% | 2% | 5% | 1% |
| 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 | 1,432 | 1,970 | 2,397 | 2,606 | 2,779 | 2,972 | 3,645 | 3,969 | 4,083 | 4,509 |
| Share Capital ⓘ | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 99 | 99 | 97 |
| Reserves ⓘ | 1,331 | 1,870 | 2,297 | 2,505 | 2,679 | 2,872 | 3,544 | 3,870 | 3,985 | 4,412 |
| Minority Interest | 38 | 41 | 36 | 47 | 71 | 85 | 99 | 105 | 108 | 97 |
| Debt | 2,598 | 3,145 | 3,188 | 2,961 | 2,962 | 3,179 | 2,716 | 3,028 | 2,206 | 2,399 |
| Long Term Debt | 1,595 | 1,792 | 2,016 | 1,703 | 1,554 | 1,407 | 970 | 1,054 | 972 | 833 |
| Short Term Debt | 1,003 | 1,353 | 1,172 | 1,258 | 1,408 | 1,772 | 1,745 | 1,974 | 1,234 | 1,566 |
| Trade Payables | 691 | 665 | 752 | 645 | 704 | 898 | 1,092 | 931 | 870 | 909 |
| Others Liabilities ⓘ | 937 | 654 | 886 | 929 | 1,166 | 1,061 | 1,015 | 1,280 | 1,260 | 1,571 |
| Total Liabilities ⓘ | 5,695 | 6,476 | 7,258 | 7,187 | 7,682 | 8,194 | 8,566 | 9,312 | 8,527 | 9,485 |
Fixed Assets | ||||||||||
| Gross Block | 4,493 | 3,717 | 4,551 | 4,812 | 5,082 | 6,143 | 6,390 | 6,946 | 7,262 | 7,485 |
| Accumulated Depreciation | 1,866 | 369 | 862 | 1,352 | 1,776 | 2,210 | 2,576 | 2,940 | 3,344 | 3,672 |
| Net Fixed Assetsⓘ | 2,627 | 3,348 | 3,689 | 3,460 | 3,306 | 3,933 | 3,814 | 4,005 | 3,918 | 3,813 |
| CWIP ⓘ | 156 | 183 | 56 | 83 | 489 | 58 | 173 | 166 | 46 | 49 |
| Investmentsⓘ | 142 | 29 | 126 | 128 | 127 | 244 | 111 | 698 | 642 | 916 |
| Inventories | 1,101 | 1,105 | 1,281 | 1,305 | 1,334 | 1,529 | 1,773 | 1,978 | 1,970 | 2,072 |
| Trade Receivables | 447 | 850 | 960 | 931 | 1,077 | 1,086 | 1,182 | 999 | 960 | 1,255 |
| Cash Equivalents | 325 | 124 | 163 | 166 | 173 | 230 | 399 | 266 | 181 | 255 |
| Others Assetsⓘ | 897 | 837 | 983 | 1,114 | 1,177 | 1,114 | 1,114 | 1,200 | 810 | 1,126 |
| Total Assets ⓘ | 5,695 | 6,476 | 7,258 | 7,187 | 7,682 | 8,194 | 8,566 | 9,312 | 8,527 | 9,485 |
| 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 ⓘ | 939 | 1,328 | 832 | 545 | 807 | 777 | 954 | 587 | 756 | 533 |
| PBT ⓘ | 753 | 1,074 | 536 | 560 | 287 | 694 | 769 | 873 | 302 | 967 |
| Adjustment ⓘ | 588 | 546 | 556 | 566 | 391 | 402 | 391 | 274 | 203 | 178 |
| Changes in Working Capital ⓘ | -225 | -53 | -152 | -446 | 254 | -158 | -105 | -396 | 341 | -501 |
| Tax Paid ⓘ | -177 | -239 | -107 | -134 | -124 | -162 | -101 | -164 | -89 | -111 |
| Cash Flow From Investing Activity ⓘ | -607 | -801 | -712 | -302 | -540 | -459 | -98 | -600 | 243 | -209 |
| Capex | -577 | -1,055 | -697 | -331 | -733 | -490 | -421 | -506 | -245 | -259 |
| Net Investments | -62 | 204 | -98 | -6 | 42 | -147 | 72 | -519 | 53 | -288 |
| Others ⓘ | 32 | 50 | 83 | 36 | 151 | 178 | 251 | 424 | 434 | 338 |
| Cash Flow From Financing Activityⓘ | -325 | -620 | -99 | -250 | -232 | -269 | -762 | -55 | -1,086 | -269 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 87 | -334 | 244 | -117 | -120 | -233 | -560 | 117 | -110 | -162 |
| Interest Paid ⓘ | -313 | -257 | -125 | -141 | -234 | -252 | -234 | -158 | -167 | -153 |
| Dividend Paid ⓘ | -60 | -203 | -5 | -65 | -65 | -131 | 0 | -15 | -15 | -12 |
| Others ⓘ | -40 | 175 | -213 | 73 | 188 | 347 | 32 | 1 | -794 | 59 |
| Net Cash Flow ⓘ | 7 | -93 | 21 | -6 | 35 | 49 | 93 | -68 | -87 | 55 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 42.83 | 44.04 | 16.6 | 15.92 | 8.4 | 18.23 | 16.65 | 15.94 | 5.03 | 15.66 |
| ROCE (%) | 23.94 | 26.94 | 12.7 | 12.08 | 7.45 | 13.95 | 14.98 | 14.72 | 6.35 | 16.63 |
| Asset Turnover Ratio | 0.98 | 0.97 | 0.97 | 0.87 | 0.88 | 0.85 | 0.88 | 1.04 | 0.91 | 1.07 |
| PAT to CFO Conversion(x) | 1.73 | 1.77 | 2.3 | 1.37 | 3.57 | 1.48 | 1.73 | 0.97 | 3.72 | 0.79 | Working Capital Days |
| Receivable Days | 29 | 40 | 50 | 55 | 56 | 59 | 56 | 43 | 44 | 42 |
| Inventory Days | 72 | 68 | 66 | 75 | 74 | 78 | 82 | 74 | 89 | 76 |
| Payable Days | 61 | 82 | 92 | 91 | 79 | 96 | 110 | 77 | 77 | 68 |
Welspun India Ltd. (WIL) a Welspun Group company, started its activities in 1985 as Welspun Winilon Silk Mills Pvt. Ltd, a synthetic yarn business which went on to become Welspun Polyesters (India) Ltd. and finally, Welspun India Limited emerged in the year 1995.
The company offers a variety of products like towels in different sizes and qualities, bed linen using state of the art technology and the best quality of Egyptian cotton. Launched organic products utilizing the benefits of Soya, Seaweed, milk and Bamboo.
WIL is Asia 's largest and amongst the top 4 Terry Towel producers in the World. Its business is spread across continents and a distribution network in 32 countries, like USA, UK, Canada, Australia, Italy, Sweden and France. 94% of the total products are exported.
The company is the preferred supplier to 14 out of top 20 retailers in the world. It endeavors to reach the leadership position in each segment / sector of its product / service. The company is committed to satisfy its customers by providing such quality product / service, which gives highest value for money. Welspun believes that employees are its most important asset through which it can reach the top in each category of its product / service. Therefore, the company will emphasize on their continuous improvement through upgradation of relevant knowledge and training.
Welspun Terry Towels with the inexhaustible range and the claim to produce the softest towels, are engineered to the requirements of the consumer. Highly absorbent and long lasting towels are produced in a range of colours, which state to defy imagination.
Today WIL is a $400 million company with manufacturing facilities in the US, UK, India, Mexico and Portugal, which is expected to become a $1 billion company by the year 2010.
Product range of the company includes:
Achievements/ recognition:
Certifications:
Future plans:
Welspun India envisions to become a fully integrated home textile company (Bed and Bath) – from cotton farming to retailing by the year 2010 with the largest market capital in India and to be among the top three Home textile companies in the world.
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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