Welspun Enterprises Limited (WELENT.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-112.4%

-₹78.37

vs ₹634.00 price

Levered DCF

-₹1,477.26

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	16.11×	21.19×	14.5×	2.6×	8.72×	12.55×	3.96×	12.82×
P/B	1.85×	2.5×	1.84×	0.8×	0.61×	0.96×	0.37×	1.12×
P/S	1.56×	1.77×	1.49×	0.68×	0.81×	1.06×	0.33×	0.91×
EV / EBITDA	9.38×	13.8×	7.77×	2.65×	16.32×	11.66×	3.95×	10.6×
Gross margin	22.2%	22.8%	32.1%	23.3%	31.3%	25.7%	20.5%	18.8%
Operating margin	19.3%	12.9%	24.8%	8.5%	10.3%	10.4%	10.3%	10.4%
Net margin	9.7%	9.0%	10.3%	26.2%	9.3%	8.4%	8.2%	7.1%
Current ratio	1.87×	1.86×	1.88×	1.9×	1.06×	1.31×	1.39×	1.46×
Debt / equity	0.65×	0.59×	0.33×	0.32×	1.41×	1.33×	0.52×	0.41×
Interest coverage	3.52×	2.93×	6.49×	1.98×	1.66×	1.44×	2.43×	3.5×
Dividend yield	0.7%	0.6%	0.3%	7.2%	2.1%	1.8%	5.9%	1.6%
Payout ratio	11.7%	12.7%	4.6%	18.7%	17.9%	23.1%	23.2%	21.1%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	11.5%	12.7%	12.7%	30.7%	7.0%	7.7%	9.4%	8.7%
Return on invested capital	9.7%	7.9%	14.6%	6.1%	2.3%	2.9%	5.7%	5.5%
Return on assets	4.8%	5.3%	6.0%	14.2%	2.1%	2.7%	4.8%	4.4%
Free cash flow yield	-1.2%	-5.1%	-9.7%	-14.2%	-13.7%	-45.6%	-12.8%	-13.5%
Earnings yield	6.2%	5.1%	6.9%	38.4%	11.5%	8.0%	25.3%	7.8%
Enterprise value	₹74.5B	₹72B	₹47.9B	₹23.2B	₹33.8B	₹36.5B	₹12.7B	₹20.9B
Net debt / EBITDA	2.28×	1.64×	0.83×	0.5×	11.07×	6.49×	2.12×	2.35×
Cash conversion cycle (days)	83	62	132	102	79	43	24	1