Welspun Specialty Solutions Limited (WELSPLSOL.BO) 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

-33.5%

₹29.96

vs ₹45.06 price

Levered DCF

-₹27.68

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

6.9

Safe zone

Rating

Overall 2 / 5

Ratios by fiscal year

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

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	91.88×	-348.5×	28.01×	-67.84×	-24.71×	6.62×	-2.55×	-16.9×
P/B	4.56×	3.3×	17.68×	30.61×	18.48×	18.53×	-2.01×	-2.04×
P/S	2.35×	1.98×	2.38×	2.17×	4.95×	6.6×	0.71×	0.98×
EV / EBITDA	44.92×	24.62×	24.72×	35.96×	1,407.54×	6.75×	-10.5×	-209.95×
Gross margin	9.8%	28.9%	9.7%	6.2%	-14.0%	-30.2%	-21.9%	-6.7%
Operating margin	3.4%	2.0%	7.0%	2.0%	-19.3%	-34.6%	-27.5%	-9.8%
Net margin	2.6%	-0.6%	9.0%	-3.3%	-19.9%	99.8%	-27.6%	-4.6%
Current ratio	1.42×	1.81×	0.95×	1.17×	1.8×	1.58×	0.44×	0.61×
Debt / equity	0.08×	0.05×	2.85×	7.94×	5.52×	5.17×	-3.56×	-1.93×
Interest coverage	1.17×	0.33×	1.46×	0.28×	-1.68×	-3.4×	-5.27×	-4.58×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	5.0%	-0.9%	67.1%	-46.8%	-74.4%	280.4%	77.5%	9.5%
Return on invested capital	6.1%	3.2%	13.5%	3.2%	-10.6%	-11.8%	-30.0%	-21.7%
Return on assets	2.6%	-0.6%	10.6%	-2.9%	-8.7%	31.2%	-24.8%	-4.9%
Free cash flow yield	2.1%	2.9%	-1.5%	0.5%	-12.4%	3.4%	-45.4%	-25.4%
Earnings yield	1.1%	-0.3%	3.8%	-1.5%	-4.0%	15.1%	-38.6%	-4.7%
Enterprise value	₹21.1B	₹13.8B	₹19.1B	₹11.3B	₹10.4B	₹7.9B	₹5.8B	₹8.4B
Net debt / EBITDA	0.49×	-0.91×	3.44×	7.4×	318.65×	1.47×	-6.72×	-102.13×
Cash conversion cycle (days)	12	54	64	42	137	156	46	58