revenue growth
10–20 pct
FY 2027
official guidance
WELSPUN ENTERPRISES LIMITED
Last · NSE₹730.35-6.25 (-0.85%)live · yahoo · 46m ago
Market cap₹99.0B135.6M sh
P/E · TTM29.7fwd 19.8 · eps 24.57
Beta0.43vs S&P 500
Div yield0.40%annual · TTM
52w range
₹412.00₹841.90
Volume32.7Ksession
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OpenFilings analyst
Our analyst
Agentic read of the latest earnings call — recommendation updates when we process a new transcript. Research synthesis, not investment advice.
Strong BuyBuyHoldSellStrong Sell
Strong operating momentum is balanced by execution and valuation risk.
Hold: consolidated EBITDA rose 16% to ₹845 crore, PAT rose 11% to ₹393 crore, and the order book reached nearly ₹20,000 crore, with FY27 revenue growth guided at 10–20%.
Execution and balance-sheet strength are compelling, but the shares have already risen from about ₹100 to ₹590 and the call did not quantify project-level cash conversion or downside risk.
Themes
- Infrastructure Order Book
- Water Projects
- Transportation Projects
- Capital Allocation
- Margin Guidance
- Project Execution
Near term
FY27 revenue growth guidance of 10–20% and Q1FY27 EBITDA margin of approximately 22.9% set a high near-term execution bar.
The proposed ₹1,000 crore Aunta-Simaria divestment is subject to approvals and conditions; completion and capital recycling are immediate catalysts.
Pune-Shirur's ₹7,300 crore project and the ₹3,145 crore Panjrapur award increase backlog but also raise delivery and funding demands.
Longer term
The nearly ₹20,000 crore consolidated order book, including long-term O&M contracts, supports revenue visibility, but returns depend on maintaining the stated 18%+ EBITDA margin.
Water, wastewater, tunnelling and transportation provide a differentiated platform, with Welspun Michigan's order book at approximately ₹2,305 crore.
The ₹1,000 crore preferential issue and approximately ₹1,728 crore cash balance improve capacity for growth, while project-specific SPV debt leaves investors exposed to project cash-flow performance.
Red flags
Management gave no quantified bridge from order book to revenue, operating cash flow or returns on capital.
The 18%+ margin outlook is an assertion rather than a project-by-project sensitivity analysis, despite extended monsoons and project-clearance delays.
The stock's move from approximately ₹100 to ₹590 between April 2022 and August 2026 raises the hurdle for further upside even though no valuation framework was provided.
Forward outlook
ebitda
—
FY 2027
official guidance
Recommendation history
OpenFilings analyst view from primary-source filings and earnings calls — not investment advice.
Earnings transcripts
- Issuer IR
EOGM Transcript November 07, 2025
WELSPUN ENTERPRISES LIMITED
- Issuer IR
Transcript of 32nd Annual General Meeting
WELSPUN ENTERPRISES LIMITED
- Issuer IR
Transcript of 30th Annual General Meeting
WELSPUN ENTERPRISES LIMITED
- Issuer webcastVideo
Recording EGM 07.11.2025
WELSPUN ENTERPRISES LIMITED
- Issuer IR
EOGM Transcript March 29, 2024
WELSPUN ENTERPRISES LIMITED
- Issuer webcastVideo
Recording EGM 29.03.2024
WELSPUN ENTERPRISES LIMITED
Documents
FormReporting forFiledFlags