Welspun Living Limited (WELSPUNLIV)

Loading page…

Welspun Living Limited (WELSPUNLIV) · mywealthgrid

About

Welspun Living Limited operates in Other Textile Products (Consumer Discretionary), with quarterly revenues spanning ₹1,843–₹2,435 Cr. Recent 38.13% 1y returns reflect renewed investor interest, though valuation at PE 76.97 appears elevated relative to ROE of 4.2%.

Face value: ₹1

Market cap

₹22,941 Cr

P/E

82.6×

P/B

4.7×

Dividend yield

ROE

4.2%

ROCE

6.6%

Debt / equity

0.37

OPM

8.4%

EPS (TTM)

₹2.9

Book value

₹51.3

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Valuation leverage: PE 76.97 against ROE 4.2% leaves minimal margin for earnings disappointment
Operational inconsistency: OPM ranges 3.21%–10.23% quarterly, with Dec 2025 showing -₹10.29 Cr net loss on ₹1,961.44 Cr revenue; verify drivers of volatility
Thin margin buffer: OPM averaging 8.44% offers limited protection against input-cost shocks typical in textiles
Consumer spending cyclicality: Discretionary sector exposure means earnings vulnerable to demand downturns; verify sustainability of recent recovery

Generated analysis · source review pending

Growth drivers

Margin recovery upside: Quarterly OPM ranges 3.21%–10.23%; if operations normalize to higher-end performance, profitability expands without revenue growth (verify what drives variance)
Capital generation: Consecutive annual dividends (2023–2026) confirm cash flow; verify whether capital deployment supports reinvestment or signals limited organic growth prospects
Demand cycle participation: Consumer Discretionary positioning; 38.13% 1y return suggests renewed investor confidence (verify if reflected in order book or forward guidance)

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹239.2+6.2%1Y

Quick read

rule-based

Pros

+High promoter holding of 66.4% with no pledge

Cons

−Profit declined 17.6% a year over the last 5 years
−Modest revenue growth of 5.1% a year over the last 5 years
−Expensive at 82.6× trailing earnings
−Low dividend payout of 3.5% of profit

Research score

Structured signal from quality, growth, valuation and momentum.

33/100

Business quality: 22
Growth: 55
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY SMALLCAP 250 NIFTY MIDSMALLCAP 400 NIFTY 500 NIFTY TOTAL MARKET

Screen this industry

Loading peers…

Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	6,641	6,051	6,527	6,741	7,340	9,311	8,094	9,679	10,545	9,399
COGS	3,234	3,024	3,350	3,296	3,587	5,094	4,514	5,110	5,676	5,053
Gross profit	3,407	3,027	3,177	3,445	3,753	4,217	3,580	4,569	4,870	4,346
	1,823	1,904	2,112	2,230	2,401	2,859	2,827	3,200	3,571	3,553
	1,583	1,123	1,065	1,215	1,352	1,359	753	1,369	1,299	793
OPM %	23.8%	18.6%	16.3%	18%	18.4%	14.6%	9.3%	14.1%	12.3%	8.4%
Depreciation	505	504	436	481	454	420	442	394	373	394
Interest	158	141	159	178	198	131	130	153	217	161
	545	81	-183	139	68	66	121	146	152	50
Profit before tax	536	560	287	694	769	873	302	967	860	287
Tax	173	161	61	170	218	266	99	294	216	75
Tax %	32.3%	28.9%	21.2%	24.5%	28.4%	30.5%	32.9%	30.4%	25.1%	25.9%
	362	398	226	524	551	607	203	673	644	213
PAT margin %	5.5%	6.6%	3.5%	7.8%	7.5%	6.5%	2.5%	7%	6.1%	2.3%
EPS (₹)	3.6	3.8	2.1	5.1	5.4	6.1	2	7.1	6.7	2.3
EPS adjusted (₹)	3.6	3.8	2.1	5.1	5.4	6.1	2	7	6.7	2.1
	18.3%	17%	14.4%	19.8%	2.8%	2.5%	5%	1.4%	25.4%	4.4%
Annual report	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	100	100	100	100	100	100	99	99	97	96	96
Reserves	1,349	2,192	2,501	2,624	2,973	3,544	3,873	3,989	4,419	4,725	4,821
Minority interest	52	141	51	126	—	99	105	108	97	100	61
	2,856	3,188	2,961	2,962	3,179	2,841	3,188	2,350	2,521	2,469	1,802
	1,401	1,708	1,612	1,930	2,059	2,093	2,172	2,104	2,416	2,918	3,675
Total equity & liabilities	5,759	7,328	7,225	7,742	8,310	8,678	9,437	8,650	9,550	10,307	10,455
	2,448	3,515	3,281	3,126	3,680	3,723	3,901	3,918	3,813	4,022	4,460
CWIP	156	—	63	486	56	171	162	46	47	375	258
Investments	116	126	128	127	244	111	698	642	916	570	892
	3,038	3,688	3,752	4,003	4,329	4,673	4,677	4,045	4,774	5,340	4,845
Total assets	5,759	7,328	7,225	7,742	8,310	8,678	9,437	8,650	9,550	10,307	10,455

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Home Textiles	8,939.87	779.19	7,839.38	3,946.29	3,893.09	20.01
Flooring	735.53	28.87

Loading financials…

Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	48.7%	51.1%	51.1%	45.3%	44.2%	47.2%	46.2%	46.2%
EBITDA margin %	16.3%	18%	18.4%	14.6%	9.3%	14.1%	12.3%	8.4%
EBIT margin %	9.6%	10.9%	12.2%	10.1%	3.8%	10.1%	8.8%	4.2%
PAT margin %	3.5%	7.8%	7.5%	6.5%	2.5%	7%	6.1%	2.3%
Working capital
Receivable days	60	59	59	39	43	47	57	51
Inventory days	145	169	180	142	159	148	140	157
Payable days	—	2	111	67	70	67	72	99
NWC days	—	226	128	114	132	128	125	108
Leverage
Current ratio	1.25	1.19	1.33	1.37	1.66	1.72	1.68	1.58
Debt to EBITDA	2.78	2.62	2.1	2.35	3.12	1.84	1.9	2.27
Debt to equity	1.09	1.03	0.78	0.8	0.57	0.56	0.51	0.37
Interest coverage	4.5	4.7	4.9	7.7	3.3	7.3	5	2.9
Asset turnover	0.84	0.81	0.85	0.99	0.94	1.01	1.02	0.9
Return ratios
Return on assets %	2.9%	6.3%	6.3%	6.4%	2.3%	7%	6.2%	2%
Return on capital employed %	14.8%	16.9%	18.7%	17.8%	7.3%	18%	15.9%	6.6%
Return on equity %	8.3%	17.1%	15.1%	15.3%	5%	14.9%	13.4%	4.3%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

Loading ratios…

Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	70.5%	70.5%	70.5%	70.5%	66.24%	66.24%	66.24%	66.24%	66.24%	66.24%	66.24%	66.36%
	6.33%	7.24%	7.14%	5.89%	7.08%	5.91%	5.36%	4.75%	4.97%	5.03%	4.99%	5.21%
	6.27%	5.73%	5.82%	5.95%	7.67%	8.31%	8.93%	9.25%	8.58%	10.43%	11.19%	11.38%
	0%	0%	0%	0%	0%	0%	0%	0%	0.01%	0.01%	0.01%	0.01%
	15.89%	15.52%	15.53%	16.65%	17.99%	18.52%	18.45%	19.39%	19.83%	17.93%	17.22%	16.69%
No. of shareholders	—	—	—	—	—	—	—	—	2,73,918	2,48,962	2,43,222	2,23,860

Promoter holding down 4.14 percentage points since Sep 2023.

33 deals · 19 Sept 2022 – 23 Sept 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
23 Sept 2026	WELSPUN GROUP MASTER TRUST	Block	NSE	Sell	2,44,71,102	₹214.90	₹525.88 Cr
23 Sept 2026	WELSPUN GROUP MASTER TRUST	Bulk	NSE	Sell	2,44,71,102	₹214.90	₹525.88 Cr
23 Sept 2026	FIDELITY INVESTMENT TRUST FIDELITY INTERNATIONAL SMALL CAP FUND	Block	NSE	Buy	2,22,41,742	₹214.90	₹477.98 Cr
23 Sept 2026	FIDELITY SECURITIES FUND FIDELITY BLUE CHIP GROWTH FUND	Bulk	NSE	Buy	1,29,87,628	₹214.90	₹279.10 Cr
23 Sept 2026	QUANT MUTUAL FUND	Block	NSE	Buy	22,29,360	₹214.90	₹47.91 Cr
28 Nov 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	58,76,192	₹143.50	₹84.32 Cr
28 Nov 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	58,76,190	₹143.40	₹84.26 Cr
10 Sept 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	65,75,675	₹125.11	₹82.27 Cr
10 Sept 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	65,75,675	₹125.01	₹82.20 Cr
8 May 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	50,79,962	₹142.45	₹72.36 Cr

1–10 of 33

1 / 4

Mr. Balkrishan Gopiram GoenkaNon-Executive - Non Independent Director-Chairperson
Mr. Rajesh MandawewalaExecutive Director
Ms. Dipali B GoenkaExecutive Director-CEO-MD
Mr. Murali SivaramanNon-Executive - Independent Director
Mr. Sunil DuggalNon-Executive - Independent Director
Ms. Naiyya SaggiNon-Executive - Independent Director
Ms. Ritu Niraj AnandNon-Executive - Independent Director
Mr. Keyur Niranjan ParekhExecutive Director
Ms. Shraddha PopatCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

Loading shareholding…

F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

Loading f&o…

Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 8 fund houses

Held by these funds

0.14%

of the company's equity

All mutual funds

5.26%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

24 schemes · 8 fund houses

		Shares
Nifty Smallcap 250 Index Fund	Nippon India Mutual Fund	5.07 L	9.94	0.28%	0.053%	+6,195
Nifty Smallcap 250 Index Fund	SBI Mutual Fund	2.58 L	5.05	0.28%	0.027%	+2,883
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	1.87 L	3.66	0.28%	0.019%	+1,695
Nifty Smallcap 250 Index Fund	ICICI Prudential Mutual Fund	1.14 L	2.23	0.28%	0.012%	+2,320
Nifty 500 Equal Weight Index Fund	Nippon India Mutual Fund	63,907	1.25	0.24%	0.007%	+31
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	50,686	0.99	0.03%	0.005%	+1,739
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	36,479	0.72	0.28%	0.004%	-1,998
IB20-Groww Nifty Smallcap 250 Index Fund	Groww Mutual Fund	20,075	0.39	0.28%	0.002%	+101

1–8 of 24

1 / 3

Loading fund holders…

Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Aug 2026Transcript AI SummaryPPTREC
May 2026Transcript AI Summary PPT

Documents link to external sources (exchange filings, company investor pages).

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

19

Final dividend10 Jul 2026 · ex-date₹0.1
Final dividend27 Jun 2025 · ex-date₹1.7
Final dividend26 Jun 2024 · ex-date₹0.1
Final dividend27 Jun 2023 · ex-date₹0.1
Dividend dividend23 Jun 2022 · ex-date₹0.15
Dividend dividend24 May 2021 · ex-date₹0.15
Interim dividend17 Mar 2020 · ex-date₹1
Dividend dividend11 Jul 2019 · ex-date₹0.3
Final dividend25 Jun 2018 · ex-date₹0.65
Final dividend22 Jun 2017 · ex-date₹0.65
Final dividend23 Jun 2016 · ex-date₹0.05
Interim dividend21 Mar 2016 · ex-date₹6
Interim dividend30 Oct 2015 · ex-date₹6.5
Final dividend18 Jun 2015 · ex-date₹7.5
Interim dividend17 Nov 2014 · ex-date₹3
Dividend dividend19 Jun 2014 · ex-date₹3
Dividend dividend19 Sept 2013 · ex-date₹2
Interim dividend22 Nov 2012 · ex-date₹2
Dividend dividend24 Jun 2010 · ex-date₹1

1

Board meeting to consider results13 Aug 2026

1

Face value ₹10 → ₹121 Mar 2016 · ex-date

1–3 of 4

1 / 2

Loading events…

Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

23 announcementsExport CSV

31 Aug 2026, 11:31 pmCompany Update

Announcement under Regulation 30 (LODR)-Updates on Acquisition

Acquisition PDF

28 Aug 2026, 2:19 pmAGM/EGM

Welspun Living Ltd - 514162 - Shareholder Meeting / Postal Ballot-Scrutinizer"s Report

Postal Ballot PDF

28 Aug 2026, 2:14 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot

Postal Ballot PDF

27 Aug 2026, 3:20 pmCompany Update

Announcement under Regulation 30 (LODR)-Strikes /Lockouts / Disturbances

Strikes /Lockouts / Disturbances PDF

26 Aug 2026, 3:26 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Analyst / Investor Meet PDF

17 Aug 2026, 6:11 pmCompany Update

Announcement under Regulation 30 (LODR)-Earnings Call Transcript

Earnings Call Transcript PDF

14 Aug 2026, 5:59 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

13 Aug 2026, 7:40 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

Analyst / Investor Meet PDF

Date	Category	Subject	Filing
31 Aug 2026, 11:31 pm	Company Update Acquisition	Announcement under Regulation 30 (LODR)-Updates on Acquisition	PDF
28 Aug 2026, 2:19 pm	AGM/EGM Postal Ballot	Welspun Living Ltd - 514162 - Shareholder Meeting / Postal Ballot-Scrutinizer"s Report

Loading announcements…

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	48.7%	51.1%	51.1%	45.3%	44.2%	47.2%	46.2%	46.2%
EBITDA margin %	16.3%	18%	18.4%	14.6%	9.3%	14.1%	12.3%	8.4%
EBIT margin %	9.6%	10.9%	12.2%	10.1%	3.8%	10.1%	8.8%	4.2%
PAT margin %	3.5%	7.8%	7.5%	6.5%	2.5%	7%	6.1%	2.3%
Working capital
Receivable days	60	59	59	39	43	47	57	51
Inventory days	145	169	180	142	159	148	140	157
Payable days	—	2	111	67	70	67	72	99
NWC days	—	226	128	114	132	128	125	108
Leverage
Current ratio	1.25	1.19	1.33	1.37	1.66	1.72	1.68	1.58
Debt to EBITDA	2.78	2.62	2.1	2.35	3.12	1.84	1.9	2.27
Debt to equity	1.09	1.03	0.78	0.8	0.57	0.56	0.51	0.37
Interest coverage	4.5	4.7	4.9	7.7	3.3	7.3	5	2.9
Asset turnover	0.84	0.81	0.85	0.99	0.94	1.01	1.02	0.9
Return ratios
Return on assets %	2.9%	6.3%	6.3%	6.4%	2.3%	7%	6.2%	2%
Return on capital employed %	14.8%	16.9%	18.7%	17.8%	7.3%	18%	15.9%	6.6%
Return on equity %	8.3%	17.1%	15.1%	15.3%	5%	14.9%	13.4%	4.3%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
K.p.r. Mill LimitedKPRMILLKPRMILL	₹36,607 Cr	₹37,203 Cr	₹6,820 Cr	₹1,332 Cr	19.1%	₹912 Cr	13%	21.4%	16.2%	181
Welspun Living LimitedWELSPUNLIVWELSPUNLIV	₹22,941 Cr	₹24,744 Cr	₹9,934 Cr	₹884 Cr	8.4%	₹278 Cr	2.3%	6.6%	4.2%	108
Vardhman Textiles LimitedVTLVTL	₹15,322 Cr	₹17,177 Cr	₹10,186 Cr	₹1,387 Cr	12.6%	₹848 Cr	7.6%	8.6%	7.3%	259
Trident LimitedTRIDENTTRIDENT	₹11,293 Cr	₹13,061 Cr	₹6,781 Cr	₹877 Cr	13%	₹395 Cr	5.6%	10.6%	8%	103
Indo Count Industries LimitedICILICIL	₹8,789 Cr	₹9,862 Cr	₹4,390 Cr	₹424 Cr	9.5%	₹151 Cr	3.1%	10%	5.5%	215
Garware Technical Fibres LimitedGARFIBRESGARFIBRES	₹7,630 Cr	₹7,671 Cr	₹1,644 Cr	₹306 Cr	18.6%	₹190 Cr	13%	21.6%	15.3%	172
Kusumgar LimitedKUSUMGARKUSUMGAR	₹6,222 Cr	₹6,445 Cr	₹692 Cr	₹188 Cr	27.2%	₹98 Cr	14.2%	43.8%	35.2%	—
Filatex India LimitedFILATEXFILATEX	₹4,712 Cr	₹4,840 Cr	₹4,256 Cr	₹346 Cr	8.3%	₹191 Cr	4.4%	17.4%	12.9%	-4
Jindal Worldwide LimitedJINDWORLDJINDWORLD	₹4,594 Cr	₹5,152 Cr	₹2,300 Cr	₹124 Cr	5.9%	₹80 Cr	3.1%	13.5%	7.9%	112
Sanathan Textiles LimitedSANATHANSANATHAN	₹4,257 Cr	₹5,744 Cr	₹4,401 Cr	₹323 Cr	7.5%	₹61 Cr	2%	6.9%	4.2%	-25
Raymond Lifestyle LimitedRAYMONDLSLRAYMONDLSL	₹3,823 Cr	₹5,023 Cr	₹6,973 Cr	₹671 Cr	9.6%	₹43 Cr	0.7%	4%	0.5%	102
Alok Industries LimitedALOKINDSALOKINDS	₹3,505 Cr	₹29,610 Cr	₹3,775 Cr	₹66 Cr	0.8%	₹-711 Cr	-20%	-4%	—	93

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,328	832	545	924	777	954	587	756	533	688	1,175
	-801	-712	-302	-657	-459	-98	-600	243	-209	57	-348
	-620	-99	-250	-232	-269	-762	-55	-1,086	-269	-663	-975
Net cash flow	-93	21	-6	35	49	93	-68	-87	55	82	-148
Free cash flow	268	832	545	924	777	504	57	481	257	-25	724
CFO / Operating profit %	—	52.6%	48.5%	86.8%	64%	70.5%	43.2%	100.5%	38.9%	53%	148.1%

Welspun Living Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

Dividends19

Board meetings1

Stock splits1

Announcements

Ratio timeline

Not in the F&O segment

Dividends19

Board meetings1

Stock splits1

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Flooring · revenue

19

1

1

19

1

1