About
Welspun Group, a global leader in home textiles and line pipes, has demonstrated significant growth and resilience. The group has expanded its operations across various sectors, including textiles, flooring, and infrastructure. Here’s a summary of Welspun's recent performance and achievements.
Weekly Chart
Technical Analysis
- Market Cap ₹ 16,543 Cr.
- Current Price ₹ 170
- 52 Week High ₹179
- 52 Week Low ₹ 95.5
- Stock P/E 24.6
- Book Value ₹ 46.5
- ROCE 16.1 %
- ROE 15.6 %
- Face Value ₹ 1.00
- Industry PE 32.0
- Promoter holding 70.5 %
- Pledged percentage 0.00 %
- Debt to equity 0.58
- Profit Prev 12M ₹ 671 Cr.
- EPS ₹ 7.01
- Price to book value 3.66
- Price to Earning 24.6
- No. Eq. Shares 97.2 Cr.
Monthaly Chart
Financial Performance:
- Welspun Living Ltd reported a total revenue of ₹9,679.24 crores for the fiscal year ending March 2024, reflecting an increase from ₹8,093.76 crores in the previous year. Their net income also saw a substantial rise to ₹681.10 crores from ₹198.83 crores.
- Welspun Corp Ltd has a market cap of ₹17,537 crores and reported an earnings per share (EPS) of ₹42.32,
Debt Reduction
The company is constantly making efforts to become debt free, and has reduced its net debt by 48% since FY20.Stock Performance:
- Welspun Living’s stock has shown robust performance with significant price appreciation over various periods, reflecting strong market confidence. For instance, the stock's 1-year return is approximately 73%, while the 3-year return stands at about 49.36%.
- Welspun Corp’s stock also exhibited impressive returns, with a 1-year gain of 120.51% and a 3-year gain of 379.25%.
Corporate Actions and Investments:
- Welspun has been actively engaging in corporate actions such as dividends and buybacks. For instance, the latest dividend was declared at 10% on June 26, 2024.
- The company has seen significant investments from mutual funds, indicating institutional confidence in its growth prospects.
Awards and Recognitions:
- Welspun has received numerous accolades, including the Golden Peacock Eco-Innovation Award and the Top Challenger award by Construction World Global Awards. These recognitions underscore their commitment to innovation, sustainability, and excellence in various sectors.
Leadership and Management:
- The group is led by B.K. Goenka as Chairman, with Dipali Goenka serving as the CEO and MD of Welspun India. Their strategic vision and leadership have been pivotal in driving the company's growth and expanding its global footprint.
Welspun continues to be a key player in the global market, leveraging its strengths in manufacturing and sustainability to maintain its competitive edge and drive future growth.