Welspun India
BSE:514162
514162
BSE
₹47B
Market Cap
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Company description
Welspun India Limited manufactures and sells home textile products in India and internationally. The last earnings update was 15 days ago. More info.
Add to Portfolio Compare Print
- Welspun India has significant price volatility in the past 3 months.
514162 Share Price and Events
7 Day Returns
-7.2%
BSE:514162
-2.5%
IN Luxury
-2.1%
IN Market
1 Year Returns
-27.1%
BSE:514162
-8.9%
IN Luxury
-8.6%
IN Market
514162 Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Welspun India (514162) | -7.2% | -21.4% | -24.3% | -27.1% | -45.6% | 381% |
| IN Luxury | -2.5% | -2% | -3.9% | -8.9% | 47.6% | 187.3% |
| IN Market | -2.1% | -4.5% | -3.5% | -8.6% | 40.3% | 78.7% |
1 Year Return vs Industry and Market
- 514162 underperformed the Luxury industry which returned -8.9% over the past year.
- 514162 underperformed the Market in India which returned -8.6% over the past year.
514162 Value
Is Welspun India undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Welspun India
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data
Below are the data sources, inputs and calculation used to determine the intrinsic value for Welspun India.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 2 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 14% |
| Perpetual Growth Rate | 10-Year IN Government Bond Rate | 7.6% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year IN Govt Bond Rate | 7.6% |
| Equity Risk Premium | S&P Global | 7.5% |
| Luxury Unlevered Beta | Simply Wall St/ S&P Global | 0.57 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.574 (1 + (1- 35%) (76.57%)) |
0.86 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.86 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.86 * 7.45%) |
13.95% |
Discounted Cash Flow Calculation for BSE:514162 using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Welspun India is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.
| 2019 | 2020 | 2021 | 2022 | 2023 | |
| Levered FCF (INR, Millions) | 3,999.00 | 4,017.00 | 2,224.00 | 2,389.23 | 2,566.73 |
| Source | Analyst x1 | Analyst x1 | Analyst x1 | Est @ 7.43% | Est @ 7.43% |
|
Present Value Discounted (@ 13.95%) |
3,509.28 | 3,093.40 | 1,502.92 | 1,416.86 | 1,335.72 |
| Present value of next 5 years cash flows | ₹10,858.18 |
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2023
× (1 + g) ÷ (Discount Rate – g)
= ₹2,566.73 × (1 + 7.55%) ÷ (13.95% – 7.55%) |
₹43,100.23 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)5
= ₹43,100.23 ÷ (1 + 13.95%)5 |
₹22,429.25 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 5 years cash flows +
Terminal Value
= ₹10,858.18 + ₹22,429.25 |
₹33,287.43 |
| Equity Value per Share (INR) |
= Total value / Shares Outstanding
= ₹33,287.43 / 1,004.73 |
₹33.13 |
| Calculation | Result | |
|---|---|---|
| Value per share (INR) | From above. | ₹33.13 |
| Current discount | Discount to share price of
₹47.40
= -1 x (₹47.40 - ₹33.13) / ₹33.13 |
-43.1% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Welspun India is above its future cash flow value.
Often investors are willing to pay a
premium
for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Welspun India's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Welspun India's earnings available for a low price, and how does
this compare to other companies in the same industry?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in INR | ₹3.74 |
| BSE:514162 Share Price ** | BSE (2019-02-19) in INR | ₹47.4 |
| India Luxury Industry PE Ratio | Median Figure of 237 Publicly-Listed Luxury Companies | 11.54x |
| India Market PE Ratio | Median Figure of 2,715 Publicly-Listed Companies | 15.16x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Welspun India.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = BSE:514162 Share Price ÷ EPS (both in INR) = 47.4 ÷ 3.74 |
12.67x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Welspun India is overvalued based on earnings compared to the IN Luxury industry average.
- Welspun India is good value based on earnings compared to the India market.
Price based on expected Growth
Does
Welspun India's expected growth come at a high price?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 12.67x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts |
26.6%per year |
| India Luxury Industry PEG Ratio | Median Figure of 27 Publicly-Listed Luxury Companies | 1.09x |
| India Market PEG Ratio | Median Figure of 606 Publicly-Listed Companies | 1.1x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 12.67x ÷ 26.6% |
0.48x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Welspun India is good value based on expected growth next year.
Price based on value of assets
What value do investors place on
Welspun India's
assets?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in INR | ₹26.21 |
| BSE:514162 Share Price * | BSE (2019-02-19) in INR | ₹47.4 |
| India Luxury Industry PB Ratio | Median Figure of 307 Publicly-Listed Luxury Companies | 0.69x |
| India Market PB Ratio | Median Figure of 3,587 Publicly-Listed Companies | 1.04x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = BSE:514162 Share Price ÷ Book Value per Share (both in INR) = 47.4 ÷ 26.21 |
1.81x |
* Primary Listing of Welspun India.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Welspun India is overvalued based on assets compared to the IN Luxury industry average.
X
Value checks
We assess Welspun India's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check) Welspun India has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
514162 Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
26.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is
Welspun India
expected to grow at an
attractive
rate?
- Welspun India's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
- Welspun India's earnings growth is expected to exceed the India market average.
- Welspun India's revenue growth is expected to exceed the India market average.
Annual Growth Rates Comparison
Raw Data
| Data Point | Source | Value (per year) |
|---|---|---|
| BSE:514162 Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts | 26.6% |
| BSE:514162 Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts | 13.9% |
| India Luxury Industry Earnings Growth Rate | Market Cap Weighted Average | 18.3% |
| India Luxury Industry Revenue Growth Rate | Market Cap Weighted Average | 15% |
| India Market Earnings Growth Rate | Market Cap Weighted Average | 18.5% |
| India Market Revenue Growth Rate | Market Cap Weighted Average | 11.7% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
Raw Data
All numbers in INR Millions and using
Trailing twelve months (TTM)
annual period rather than quarterly.
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
| Date (Data in INR Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-03-31 | 88,329 | 7,224 | 6,739 | 1 |
| 2020-03-31 | 74,816 | 9,617 | 5,549 | 2 |
| 2019-03-31 | 66,462 | 13,599 | 4,119 | 1 |
| Date (Data in INR Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 64,757 | 3,758 | |
| 2018-09-30 | 62,333 | 4,061 | |
| 2018-06-30 | 60,604 | 3,879 | |
| 2018-03-31 | 60,506 | 5,450 | 3,850 |
| 2017-12-31 | 59,407 | 4,522 | |
| 2017-09-30 | 60,436 | 5,241 | |
| 2017-06-30 | 65,874 | 2,800 | |
| 2017-03-31 | 66,385 | 8,322 | 3,576 |
| 2016-12-31 | 65,558 | 3,659 | |
| 2016-09-30 | 65,001 | 3,948 | |
| 2016-06-30 | 61,790 | 7,217 | |
| 2016-03-31 | 57,470 | 13,280 | 7,365 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
All data from Welspun India Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in INR Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-03-31 | 6.70 | 6.70 | 6.70 | 1.00 |
| 2020-03-31 | 5.55 | 5.90 | 5.19 | 2.00 |
| 2019-03-31 | 4.10 | 4.10 | 4.10 | 1.00 |
| Date (Data in INR Millions) | EPS * |
|---|---|
| 2018-12-31 | 3.74 |
| 2018-09-30 | 4.04 |
| 2018-06-30 | 3.86 |
| 2018-03-31 | 3.83 |
| 2017-12-31 | 4.50 |
| 2017-09-30 | 5.22 |
| 2017-06-30 | 2.79 |
| 2017-03-31 | 3.56 |
| 2016-12-31 | 3.65 |
| 2016-09-30 | 3.93 |
| 2016-06-30 | 7.19 |
| 2016-03-31 | 7.33 |
*GAAP earnings excluding extraordinary items.
X
Welspun India has a total score of 4/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Future performance checks
We assess Welspun India's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Welspun India has a total score of 4/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
514162 Past Performance
How has Welspun India performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Below we compare
Welspun India's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it
has maintained that growth in the year.
- Welspun India's year on year earnings growth rate has been positive over the past 5 years.
- Welspun India's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Welspun India's 1-year earnings growth is negative, it can't be compared to the IN Luxury industry average.
Earnings and Revenue History
Welspun India's
revenue
and
profit
over the past 5 years is shown below, any years where they have experienced a
loss will show up in red.
Raw Data
All data from Welspun India Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in INR Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 64,757.05 | 3,757.57 | 8,533.79 | |
| 2018-09-30 | 62,333.25 | 4,060.67 | 8,398.49 | |
| 2018-06-30 | 60,603.55 | 3,879.07 | 8,315.69 | |
| 2018-03-31 | 60,506.25 | 3,849.67 | 8,233.79 | |
| 2017-12-31 | 59,406.78 | 4,521.82 | 8,074.46 | |
| 2017-09-30 | 60,435.78 | 5,241.42 | 8,030.86 | |
| 2017-06-30 | 65,873.70 | 2,799.80 | 6,493.60 | |
| 2017-03-31 | 66,385.45 | 3,575.62 | 7,706.56 | |
| 2016-12-31 | 65,558.15 | 3,659.35 | 7,225.68 | |
| 2016-09-30 | 65,000.95 | 3,948.15 | 7,003.38 | |
| 2016-06-30 | 61,789.60 | 7,217.10 | 5,664.70 | |
| 2016-03-31 | 57,470.19 | 7,365.00 | 6,206.49 | |
| 2015-12-31 | 57,175.71 | 6,709.60 | 8,832.69 | 65.39 |
| 2015-09-30 | 55,731.01 | 6,404.40 | 8,543.69 | 65.39 |
| 2015-06-30 | 49,341.01 | 5,979.70 | 4,694.73 | |
| 2015-03-31 | 53,031.51 | 5,397.90 | 5,290.47 | |
| 2014-12-31 | 51,327.61 | 4,601.18 | 7,300.52 | 58.70 |
| 2014-09-30 | 49,095.29 | 4,260.38 | 7,041.14 | 58.70 |
| 2014-06-30 | 46,581.60 | 1,071.64 | 3,682.92 | |
| 2014-03-31 | 43,736.65 | 920.22 | 6,446.62 | 58.70 |
| 2013-12-31 | 40,021.88 | 735.07 | 5,524.35 | 47.91 |
| 2013-09-30 | 41,221.11 | 406.65 | 5,829.96 | 47.91 |
| 2013-06-30 | 37,912.96 | 2,770.00 | 3,039.53 | |
| 2013-03-31 | 36,481.12 | 2,247.31 | 5,203.89 | 47.91 |
| 2012-12-31 | 41,127.95 | 908.01 | 7,071.26 | 54.05 |
| 2012-09-30 | 35,831.46 | 322.85 | 3,168.94 | |
| 2012-06-30 | 34,443.58 | 61.71 | 3,106.16 | |
| 2012-03-31 | 32,205.46 | -133.72 | 5,658.45 | 54.05 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Welspun India has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Welspun India used its assets more efficiently than the IN Luxury industry average last year based on Return on Assets.
- Welspun India's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Welspun India has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Past performance checks
We assess Welspun India's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Welspun India has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
514162 Health
How is Welspun India's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Welspun India's finances.
The net worth of a company is the difference between its assets and liabilities.
- Welspun India is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Welspun India's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of
Welspun India's finances. If any of them are yellow this
indicates they may be out of proportion and red means they relate to one of the
checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 1.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data
All data from Welspun India Company Filings, last reported 1 month ago.
| Date (Data in INR Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 26,956.40 | 36,079.70 | 9,090.70 |
| 2018-09-30 | 26,956.40 | 36,079.70 | 9,090.70 |
| 2018-06-30 | 26,523.72 | 32,807.11 | 2,243.22 |
| 2018-03-31 | 26,523.72 | 32,807.11 | 2,243.22 |
| 2017-12-31 | 25,288.80 | 33,119.60 | 6,667.90 |
| 2017-09-30 | 25,288.80 | 33,119.60 | 6,667.90 |
| 2017-06-30 | 24,326.80 | 31,881.00 | 5,091.40 |
| 2017-03-31 | 24,326.75 | 33,113.70 | 2,720.92 |
| 2016-12-31 | 20,809.00 | 31,763.40 | 9,116.50 |
| 2016-09-30 | 20,809.00 | 31,763.40 | 9,116.50 |
| 2016-06-30 | 20,379.50 | 25,608.70 | 1,776.50 |
| 2016-03-31 | 20,112.45 | 32,481.55 | 1,415.98 |
| 2015-12-31 | 17,661.40 | 26,719.50 | 5,395.30 |
| 2015-09-30 | 17,661.40 | 26,719.50 | 5,395.30 |
| 2015-06-30 | 14,696.69 | 25,980.47 | 4,657.24 |
| 2015-03-31 | 14,696.69 | 30,880.81 | 4,657.24 |
| 2014-12-31 | 13,097.79 | 25,386.72 | 3,171.20 |
| 2014-09-30 | 13,097.79 | 25,386.72 | 3,171.20 |
| 2014-06-30 | 11,412.94 | 28,143.54 | 2,973.52 |
| 2014-03-31 | 11,412.95 | 30,622.11 | 2,973.52 |
| 2013-12-31 | 7,719.89 | 23,142.56 | 2,370.45 |
| 2013-09-30 | 7,719.89 | 23,142.56 | 2,370.45 |
| 2013-06-30 | 10,151.72 | 21,200.31 | 2,118.33 |
| 2013-03-31 | 10,151.72 | 20,410.12 | 2,118.33 |
| 2012-12-31 | 8,612.72 | 15,830.18 | 1,867.05 |
| 2012-09-30 | 8,612.72 | 15,830.18 | 1,867.05 |
| 2012-06-30 | |||
| 2012-03-31 | 7,678.02 | 19,783.06 | 2,678.88 |
- Welspun India's level of debt (133.8%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (299.3% vs 133.8% today).
- Debt is not well covered by operating cash flow (15.1%, less than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 8x coverage).
X
Full details on the Health part of the Simply Wall St company analysis model.
Financial health checks
We assess Welspun India's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Welspun India has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
514162 Dividends
What is Welspun India's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
1.37%
Current annual income from
Welspun India
dividends.
Estimated to be
2.67%
next year.
If you bought
₹2,000 of
Welspun India
shares you are expected to receive
₹27
in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you
can get in a
savings account?
It is up there with the
best dividend paying companies?
- Welspun India's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.56%).
- Welspun India's dividend is below the markets top 25% of dividend payers in India (2.12%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
| India Luxury Industry Average Dividend Yield | Market Cap Weighted Average of 109 Stocks | 0.7% |
| India Market Average Dividend Yield | Market Cap Weighted Average of 1397 Stocks | 1.4% |
| India Minimum Threshold Dividend Yield | 10th Percentile | 0.3% |
| India Bottom 25% Dividend Yield | 25th Percentile | 0.6% |
| India Top 25% Dividend Yield | 75th Percentile | 2.1% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in ₹) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-03-31 | 1.60 | 1.00 |
| 2020-03-31 | 1.20 | 1.00 |
| 2019-03-31 | 1.00 | 1.00 |
| Date (Data in ₹) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2018-05-16 | 0.650 | 1.091 |
| 2017-08-29 | 0.650 | 0.977 |
| 2016-07-28 | 1.300 | 1.746 |
| 2016-03-10 | 0.710 | 0.701 |
| 2015-10-20 | 1.400 | 1.698 |
| 2015-08-05 | 1.500 | 1.854 |
| 2015-01-29 | 0.600 | 1.292 |
| 2014-11-05 | 0.600 | 1.726 |
| 2014-09-25 | 0.300 | 1.020 |
| 2013-09-24 | 0.400 | 3.871 |
| 2013-02-07 | 0.400 | 6.503 |
| 2012-11-08 | 0.400 | 6.087 |
| 2011-05-30 | 0.000 | 0.000 |
| 2010-05-13 | 0.100 | 1.712 |
| 2010-05-12 | 0.100 | 1.117 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Welspun India has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
- Dividend payments have increased, but Welspun India only paid a dividend in the past 9 years.
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Full details on the Dividends part of the Simply Wall St company analysis model.
Income/ dividend checks
We assess Welspun India's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Welspun India afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Welspun India has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
514162 Management
Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.
CEO
Dipali
Goenka
| COMPENSATION | ₹53,690,000 |
| AGE | 49 |
| TENURE AS CEO | 16.8 years |
CEO Bio
Mrs. Dipali Goenka has been a Joint-Managing Director of Welspun India Ltd. since April 2002 and has been its Chief Executive Officer since April 2002. Mrs. Goenka serves as Managing Director at Welspun Global Brands Limited since January 4, 2011. She has been an Executive Director of Welspun India Ltd. since April 1, 2013. She serves as a Director of Welspun Retail Limited. She served as a Director of Welspun Global Brands Limited since April 1, 2011.
CEO Compensation
- Dipali's compensation has been consistent with company performance over the past year.
- Dipali's remuneration is higher than average for companies of similar size in India.
Management Team Tenure
Average tenure and age of the Welspun India management team in years:
6.2
Average Tenure
56
Average Age
- The average tenure for the Welspun India management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Dipali Goenka
TITLE
CEO, Joint MD & Executive Director
COMPENSATION
₹54M
AGE
49
TENURE
16.8 yrs
Rajesh Ramesh Mandawewala
TITLE
MD & Executive Director
COMPENSATION
₹56M
AGE
56
TENURE
7.8 yrs
Altaf Jiwani
TITLE
Chief Financial Officer
AGE
51
TENURE
4 yrs
Shashikant Thorat
TITLE
Compliance Officer & Company Secretary
TENURE
9.5 yrs
Ashok Joshi
TITLE
Head of Business Operations & Executive Director
AGE
58
TENURE
5.6 yrs
Barry Leonard
TITLE
Chief Executive Officer of Welspun USA Inc and President of Welspun USA Inc
Robert Walker
TITLE
Chief Executive Officer of UK
Suneel Mohnot
TITLE
President of Commercial
AGE
59
TENURE
5.5 yrs
Swapan Nath
TITLE
Executive Director
COMPENSATION
₹5M
AGE
57
TENURE
2.3 yrs
Milind Hardikar
TITLE
Executive Director of Textile Park
AGE
56
TENURE
6.8 yrs
Board of Directors Tenure
Average tenure and age of the Welspun India board of directors in years:
5.5
Average Tenure
55
Average Age
- The tenure for the Welspun India board of directors is about average.
Board of Directors
Balkrishan Gopiram Goenka
TITLE
Chairman of the Board
COMPENSATION
₹39M
AGE
52
TENURE
7.8 yrs
Dipali Goenka
TITLE
CEO, Joint MD & Executive Director
COMPENSATION
₹54M
AGE
49
TENURE
5.8 yrs
Rajesh Ramesh Mandawewala
TITLE
MD & Executive Director
COMPENSATION
₹56M
AGE
56
TENURE
7.8 yrs
Arun Todarwal
TITLE
Non Executive & Independent Director
COMPENSATION
₹890K
AGE
61
TENURE
6.2 yrs
Arvind Singhal
TITLE
Independent Non-Executive Director
COMPENSATION
₹210K
TENURE
5.1 yrs
Pradeep Poddar
TITLE
Independent Director
COMPENSATION
₹630K
AGE
64
TENURE
2.4 yrs
Shalil Awale
TITLE
Nominee Director
AGE
50
TENURE
0.4 yrs
Anisha Motwani
TITLE
Independent Director
AGE
55
TENURE
0.3 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (₹) | Value (₹) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 05. Mar 18 | Sell | Methodical Investment & Trading Co Pvt Ltd | Company | 26. Feb 18 | 26. Feb 18 | -76,940 | ₹63.40 | ₹-4,877,992 | ||
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Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
Management checks
We assess Welspun India's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Welspun India has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
514162 Company Info
Map
Description
Welspun India Limited manufactures and sells home textile products in India and internationally. The company offers towels, including wash cloths, face towels, hand towels, bath towels, bath sheets, terry, and beach towels; bath rugs/mats, such as cotton, nylon, polyethylene terephthalate, and polyester filament-based Drylon and Resilon yarn rugs; area and bi-component fibre rugs; bathrobes; and bed sheets and carpets. It also provides utility bedding products comprising pillow fillers, mattress pads, and down-alternative filled comforters; and fashion bedding products for the bedroom. The company offers its products under the Christy, Kingsley Home, Crowning Touch, Spaces, Welhome, Amy Butler, and Spun brands. In addition, it generates power. The company was formerly known as Welspun Winilon Silk Mills Pvt. Ltd. and changed its name to Welspun India Limited in 1995. The company was founded in 1985 and is based in Mumbai, India. Welspun India Limited is a subsidiary of Prasert Multiventure Private Limited.
Details
| Name: | Welspun India Limited |
| 514162 | |
| Exchange: | BSE |
| Founded: | 1985 |
| ₹47,121,609,535 | |
| 1,004,725,150 | |
| Website: | http://www.welspunindia.com |
| Address: |
Welspun India Limited Welspun House, 6th Floor, Mumbai, Maharashtra, 400013, India |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| BSE | 514162 | Equity Shares | Mumbai Stock Exchange | IN | INR | 02. Jan 1996 | |
| NSEI | WELSPUNIND | Equity Shares | National Stock Exchange of India | IN | INR | 02. Jan 1996 |
Number of employees
Current staff
0
Welspun India
employees.
Industry
| Textiles | |
| Consumer Durables |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/02/19 12:40 |
| End of day share price update: | 2019/02/19 00:00 |
| Last estimates confirmation: | 2019/02/05 |
| Last earnings filing: | 2019/02/04 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/03/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
