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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Welspun Enterprises Ltd is an India-based infrastructure development company. The Company is engaged in road and water infrastructure development (engineering, procurement, and construction (EPC) and build, operate and transfer (BOT) basis). The Company operates through two…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, stagnant business, priced for perfection — but flagged on governance.
Welspun Enterprises is scored on the general / industrial framework. It keeps a healthy 10.6% of every rupee of sales as net profit. Cash conversion lags the reported profit (CFO/PAT 0.29×) — worth a closer look. Free cash flow is worth about -8.2% of its market value.
Over the last 3 years revenue compounded at 9%/yr and profit at -19%/yr. Book value has grown 11%/yr. Return on equity is a healthy 17.1%. In the latest quarter profit fell 65% versus the prior quarter.
At 26× earnings, the stock sits at the 89th percentile of its own 3.6-year range — the expensive end of where it has historically traded. Today's price implies ~7%/yr earnings growth for a decade. The forensic screen raises a red flag: Only ₹-0.09 of cash per ₹1 profit over 4 years — earnings not converting to cash.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 17.21 | 39.49 | better |
| P/B | 2.8 | 5.74 | better |
| EV/EBITDA | 12.07 | — | — |
| ROE | 17.11 | 6.31 | better |
| ROCE | 18.49 | 4.01 | better |
| ROA | 7.05 | 1.24 | better |
| Quick Ratio | 1.8 | — | — |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Larsen & Toubro | 27.1 | 5.0 | 15.8% |
| RVNL | 44.7 | 4.1 | 8.9% |
| ACME Solar Holdings | 36.9 | 3.3 | 9.1% |
Revenue is on a 2-year growth streak. 9% CAGR — growing but slowly. Growth is decelerating — latest year grew slower than the year before.
Revenue is outpacing profit (9% vs -19%) — costs are rising faster than the top line.
Operating margin has compressed from 26% to 15% — costs or competition are eating into profitability. The gap between operating and net margin is widening — interest or tax costs are rising. Margins have declined for 2 consecutive years — watch for a structural cost problem.
ROE at 12% — a respectable return on shareholder capital. Capital efficiency declining — ROE down 17pp.
-19% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
2 of 4 years had negative operating cash flow — profitability on paper may not translate to cash. Cash conversion at 0.3× PAT — reported profit isn't translating into cash, raising earnings quality questions. Raising capital despite positive cash flow — could signal expansion plans or opportunistic fundraising.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue fell 34% QoQ — could be seasonality or a genuine slowdown. Wide quarterly swings (35% spread) — likely seasonality, lumpy orders, or project-based revenue. Run-rate stepping up — recent quarters average 27% above earlier ones.
Profit fell 65% QoQ — one-quarter drops can be noise, but a pattern matters. Quarterly margins are compressing (12% → 7%) — more revenue isn't translating to proportionally more profit.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoter holding at 56.1% — majority control intact. FII stake up 4.2pp over 4 quarters — growing foreign interest.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.