About Welspun Enterprises Limited
Data last updated: 15 July 2026
Welspun Enterprises Limited is a public limited company based in Anjar, Gujarat, India. It specialises in road and bridge construction, a part of the broader infrastructure and utilities sector. Incorporated on 20 December 1994, the company has been in operation for over 32 years.
Registered with ROC Ahmedabad under CIN L45201GJ1994PLC023920. Listed on BSE: 532553 and NSE: WELENT.
Capital: an authorised share capital of ₹275 Cr and a paid-up capital of ₹138.41 Cr. Formerly known as Welspun Projects Limited and Msk Projects (India) Limited. It is led by directors including Rajesh Mandawewala and Raghav Chandra.
Last AGM: 29 August 2025. Financial statements filed for year ended 31 March 2025. Office: Welspun City Village Versamedi Taluka Anjar, Gujarat, India – 370110.
As per NSE-filed consolidated financials for FY 2026, the company reported a revenue of ₹3,615.38 Cr, a growth of 0.87% compared to the previous year. The net worth stands at ₹3,260.96 Cr (up 20.36% YoY). Total assets are valued at ₹7,329.41 Cr (up 20.99% YoY).
Its group structure includes 16 subsidiaries.
The company is associated with 2 brands - Welspun Michigan, Welspun Enterprises. As per MCA filings, the company has open charges of ₹5,130.04 Cr and satisfied charges of ₹16,116 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website welspunenterprises.com.
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EmailLocked
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TelephoneLocked
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Website
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Social Media
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Registered AddressWelspun City Village Versamedi Taluka Anjar, Gujarat, India – 370110
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IndustryInfrastructure and Utilities, Road & Bridge Construction
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Name History of Welspun Enterprises Limited
Welspun Enterprises Limited has undergone 2 name changes throughout its history. The company was previously known as Welspun Projects Limited, and Msk Projects (India) Limited. The current legal name is Welspun Enterprises Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Welspun Enterprises Limited | Current |
| Welspun Projects Limited | Previous |
| Msk Projects (India) Limited | Previous |
CIN History of Welspun Enterprises Limited
Welspun Enterprises Limited has one previous CIN (Corporate Identification Number): U45201GJ1994PLC023920. The current CIN is L45201GJ1994PLC023920, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L45201GJ1994PLC023920 | Current |
| U45201GJ1994PLC023920 | Previous |
Associated Brands with Welspun Enterprises Limited
Welspun Enterprises Limited operates two associated brands: Welspun Michigan and Welspun Enterprises. These brands represent Welspun Enterprises Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Provides trenchless technologies for urban infrastructure projects in Indian cities. | welspunmichigan.com | |
| Investment solutions are provided across diverse sectors and needs. | welspunenterprises.com |
Competitors & Alternatives of Welspun Enterprises Limited
Brands and companies operating in the same space as Welspun Enterprises Limited include Claros Technologies, ClearSign, Ventia and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Claros Technologies
|
Provider of sustainable solutions for circular economy | Saint Paul, United States, United States | 2015 |
ClearSign
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Combustion efficiency is enhanced through specialized technology solutions. | Seattle, United States, United States | 2008 |
Ventia
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Infrastructure development services are provided by Ventia across multiple sectors. | Sydney, Australia, Australia | 2015 |
Nala Earth
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Company allows businesses to measure, manage, and report their impact on nature | Berlin, Germany, Germany | 2023 |
JCCL
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Provider of carbon dioxide recovery and recycling solutions | Fukuoka, Japan, Japan | 2020 |
Exposome
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Manufacturer of air and water treatment chemicals | Mumbai, India, India | 2020 |
Sunborne Systems
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Hydrogen-based fuel is provided via an online platform. | Harwell, United Kingdom, United Kingdom | 2021 |
Plenary
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Developer of infrastructure projects | Melbourne, Australia, Australia | 2004 |
MagREEsource
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Deeptech company specializing in the recycling of rare earth magnets for the electrification and green tech industry | Grenoble, France, France | 2020 |
ThermoAI
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Smart combustion monitoring solutions are provided for utilities. | New York, United States, United States | 2017 |
Business Activity of Welspun Enterprises Limited
Welspun Enterprises Limited is engaged in the principal business activity of construction, with detailed activities including roads, railways, utility projects.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F2 | Roads, railways, Utility projects | Locked |
Business activity turnover details for Welspun Enterprises Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Welspun Enterprises Limited
Welspun Enterprises Limited is audited by M/s Suresh Surana & Associates LLP (ICAI peer reviewed, certificate valid till 2028-03-31) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| M/s Suresh Surana & Associates LLP (ICAI peer reviewed, certificate valid till 2028-03-31) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Welspun Enterprises Limited
Welspun Enterprises Limited is currently managed by 8 directors, with 39 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Rajesh Mandawewala
Also directs:
Welspun Real Estate Ventures Llp, Dbg Multiventures Llp, Welspun Living Limited and 5 more
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Director | 06 Jul 2012 | 14 Years 0 Months | Current |
| Raghav Chandra | Director | 15 May 2019 | 7 Years 2 Months | Current |
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Aruna Sharma
Also directs:
Welspun Aunta-Simaria Project Private Limited, Hindustan Zinc Limited, Mannya Micky Consultancy Services Llp and 5 more
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Director | 29 Jan 2019 | 7 Years 5 Months | Current |
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Balkrishan Gopiram Goenka
Also directs:
Welspun Real Estate Ventures Llp, Dbg Multiventures Llp, Welspun Living Limited and 5 more
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Whole-Time Director | 29 May 2020 | 6 Years 1 Months | Current |
| Anoop Kumar Mittal | Director | 16 Jun 2021 | 5 Years 1 Months | Current |
| Sandeep Garg | Managing Director | 08 Aug 2022 | 3 Years 11 Months | Current |
Financials of Welspun Enterprises Limited FY 2026 filings available
Welspun Enterprises Limited reported revenue of ₹3,615.38 Cr (up 0.87% YoY) for FY 2026.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹3,615.38 Cr | ₹3,584.1 Cr | ₹2,872.28 Cr | ₹2,758.19 Cr | ₹1,401.4 Cr | ₹1,529.51 Cr | ₹1,807.59 Cr |
| Other Income | ₹96.68 Cr | ₹208.49 Cr | ₹191.03 Cr | ₹143.45 Cr | ₹173.59 Cr | ₹142.01 Cr | ₹111.84 Cr |
| Total Income | ₹3,712.06 Cr | ₹3,792.59 Cr | ₹3,063.31 Cr | ₹2,901.64 Cr | ₹1,574.99 Cr | ₹1,671.52 Cr | ₹1,919.43 Cr |
| Cost of Materials Consumed | ₹627.82 Cr | ₹634.47 Cr | ₹470.89 Cr | ₹390.12 Cr | ₹63.71 Cr | ₹6.05 Cr | ₹8.62 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹231.59 Cr | ₹200.23 Cr | ₹172.87 Cr | ₹149.46 Cr | ₹109.94 Cr | ₹82.81 Cr | ₹87.14 Cr |
| Finance Costs | ₹198.2 Cr | ₹157.9 Cr | ₹109.79 Cr | ₹118.76 Cr | ₹139.97 Cr | ₹110.45 Cr | ₹77.36 Cr |
| Depreciation & Amortisation | ₹50.63 Cr | ₹50.9 Cr | ₹27.56 Cr | ₹13.1 Cr | ₹15.93 Cr | ₹15.99 Cr | ₹22.54 Cr |
| Other Expenses | ₹2,008 Cr | ₹2,227.71 Cr | ₹1,803.08 Cr | ₹1,970.96 Cr | ₹1,078.77 Cr | ₹1,269.25 Cr | ₹1,502.25 Cr |
| Total Expenses | ₹3,116.24 Cr | ₹3,271.21 Cr | ₹2,584.19 Cr | ₹2,642.4 Cr | ₹1,408.32 Cr | ₹1,484.55 Cr | ₹1,697.91 Cr |
| Profit Before Exceptional Items & Tax | ₹595.82 Cr | ₹521.38 Cr | ₹479.12 Cr | ₹259.24 Cr | ₹166.67 Cr | ₹186.97 Cr | ₹221.52 Cr |
| Exceptional Items | -₹48.86 Cr | ₹78 Lakh | ₹0 | ₹482.99 Cr | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹546.96 Cr | ₹522.16 Cr | ₹479.12 Cr | ₹742.23 Cr | ₹166.67 Cr | ₹186.97 Cr | ₹221.52 Cr |
| Total Tax Expense | ₹139.32 Cr | ₹136.42 Cr | ₹129.7 Cr | ₹57.01 Cr | ₹41.25 Cr | ₹49.54 Cr | ₹51.61 Cr |
| Net Profit | ₹392.77 Cr | ₹353.83 Cr | ₹319.4 Cr | ₹726.06 Cr | ₹126.1 Cr | ₹130.18 Cr | ₹151.13 Cr |
| attributable to Owners | ₹349.87 Cr | ₹322.56 Cr | ₹295.09 Cr | ₹722.76 Cr | ₹124.7 Cr | ₹128.99 Cr | ₹150.97 Cr |
| attributable to NCI | ₹42.9 Cr | ₹31.27 Cr | ₹24.31 Cr | ₹3.3 Cr | ₹1.4 Cr | ₹1.19 Cr | ₹16 Lakh |
| Other Comprehensive Income | ₹94 Lakh | -₹1.79 Cr | ₹3.69 Cr | -₹3.12 Cr | ₹1.4 Cr | ₹46 Lakh | ₹23 Lakh |
| Total Comprehensive Income | ₹393.71 Cr | ₹352.04 Cr | ₹323.09 Cr | ₹722.94 Cr | ₹127.5 Cr | ₹130.64 Cr | ₹151.36 Cr |
| EBITDA (computed) | ₹844.65 Cr | ₹730.18 Cr | ₹616.47 Cr | ₹391.1 Cr | ₹322.57 Cr | ₹313.41 Cr | ₹321.42 Cr |
| Basic EPS | ₹26.78 | ₹25.79 | ₹23.65 | ₹45.42 | ₹8.37 | ₹8.67 | ₹10.19 |
| Diluted EPS | ₹26.24 | ₹25.45 | ₹23.37 | ₹45.31 | ₹8.33 | ₹8.60 | ₹10.05 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total Assets | ₹7,329.41 Cr | ₹6,058.03 Cr | ₹4,948.73 Cr | ₹5,894.59 Cr |
| Non-current Assets | ₹2,958.05 Cr | ₹2,417.54 Cr | ₹1,737.7 Cr | ₹4,252.87 Cr |
| Current Assets | ₹4,188.73 Cr | ₹3,444.56 Cr | ₹2,985.36 Cr | ₹1,616.96 Cr |
| Property, Plant & Equipment | ₹148.5 Cr | ₹169.23 Cr | ₹150.44 Cr | ₹38.56 Cr |
| Inventories | ₹173.9 Cr | ₹162.64 Cr | ₹156.64 Cr | ₹48.07 Cr |
| Trade Receivables | ₹509.63 Cr | ₹253.16 Cr | ₹428.68 Cr | ₹137.68 Cr |
| Cash & Equivalents | ₹174.03 Cr | ₹512.28 Cr | ₹252.3 Cr | ₹234.24 Cr |
| Equity (Net Worth) | ₹3,260.96 Cr | ₹2,709.27 Cr | ₹2,490.18 Cr | ₹1,793.76 Cr |
| Equity Share Capital | ₹135.61 Cr | ₹136.71 Cr | ₹136.51 Cr | ₹149.78 Cr |
| Borrowings (Non-current) | ₹1,724.83 Cr | ₹1,268.6 Cr | ₹558.21 Cr | ₹2,402.68 Cr |
| Borrowings (Current) | ₹247.08 Cr | ₹221.88 Cr | ₹194.26 Cr | ₹112.29 Cr |
| Total Debt (computed) | ₹1,971.91 Cr | ₹1,490.48 Cr | ₹752.47 Cr | ₹2,514.97 Cr |
| Current Liabilities | ₹2,234.08 Cr | ₹1,954.12 Cr | ₹1,585.42 Cr | ₹1,449.35 Cr |
| Total Liabilities | ₹4,068.45 Cr | ₹3,348.76 Cr | ₹2,458.55 Cr | ₹4,100.83 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹112.19 Cr | -₹273.49 Cr | -₹344.47 Cr | -₹111.94 Cr | ₹287.08 Cr |
| Investing Cash Flow | -₹876.64 Cr | -₹16.63 Cr | -₹51.55 Cr | ₹1,305.89 Cr | -₹487.06 Cr |
| Financing Cash Flow | ₹426.2 Cr | ₹535.82 Cr | -₹479.76 Cr | ₹151.1 Cr | ₹124.65 Cr |
| Capital Expenditure | ₹33.98 Cr | ₹51.6 Cr | ₹70.32 Cr | ₹5.09 Cr | ₹6.86 Cr |
| Free Cash Flow (computed) | ₹78.21 Cr | -₹325.09 Cr | -₹414.79 Cr | -₹117.03 Cr | ₹280.22 Cr |
| Dividends Paid | ₹41.01 Cr | ₹40.88 Cr | ₹13.64 Cr | ₹134.98 Cr | ₹22.34 Cr |
| Net Change in Cash | -₹338.25 Cr | ₹245.7 Cr | -₹875.78 Cr | ₹1,345.05 Cr | -₹75.33 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹1,199.46 Cr | ₹786.95 Cr | ₹783.92 Cr | ₹845.05 Cr | ₹1,021.47 Cr | ₹866.87 Cr | ₹788.51 Cr | ₹907.25 Cr | ₹821.11 Cr | ₹706.71 Cr | ₹645.73 Cr | ₹698.73 Cr |
| Other Income | ₹32.24 Cr | ₹19.54 Cr | ₹19.34 Cr | ₹25.57 Cr | ₹54.48 Cr | ₹52.09 Cr | ₹49.41 Cr | ₹52.51 Cr | ₹45.59 Cr | ₹47.21 Cr | ₹46.92 Cr | ₹51.31 Cr |
| Total Income | ₹1,231.7 Cr | ₹806.49 Cr | ₹803.26 Cr | ₹870.62 Cr | ₹1,075.95 Cr | ₹918.96 Cr | ₹837.92 Cr | ₹959.76 Cr | ₹866.7 Cr | ₹753.92 Cr | ₹692.65 Cr | ₹750.04 Cr |
| Cost of Materials Consumed | ₹263.34 Cr | ₹115.66 Cr | ₹138.96 Cr | ₹109.87 Cr | ₹220.57 Cr | ₹192.25 Cr | ₹77.67 Cr | ₹143.98 Cr | ₹147.75 Cr | ₹126.55 Cr | ₹92.32 Cr | ₹104.27 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹65.54 Cr | ₹58.4 Cr | ₹56.13 Cr | ₹51.52 Cr | ₹52.89 Cr | ₹52.75 Cr | ₹48.72 Cr | ₹45.87 Cr | ₹46.88 Cr | ₹47.66 Cr | ₹38.08 Cr | ₹40.25 Cr |
| Finance Costs | ₹52.62 Cr | ₹51.5 Cr | ₹52.54 Cr | ₹41.54 Cr | ₹43.58 Cr | ₹49.93 Cr | ₹34.28 Cr | ₹30.11 Cr | ₹28.34 Cr | ₹28.1 Cr | ₹26.64 Cr | ₹26.71 Cr |
| Depreciation & Amortisation | ₹12.83 Cr | ₹13.01 Cr | ₹13.33 Cr | ₹11.46 Cr | ₹14.52 Cr | ₹13.69 Cr | ₹13.99 Cr | ₹8.7 Cr | ₹9.08 Cr | ₹9.33 Cr | ₹5.86 Cr | ₹3.29 Cr |
| Other Expenses | ₹631.31 Cr | ₹458.75 Cr | ₹416.46 Cr | ₹501.48 Cr | ₹595.24 Cr | ₹493.68 Cr | ₹561.67 Cr | ₹577.12 Cr | ₹515.34 Cr | ₹406.19 Cr | ₹432.71 Cr | ₹448.84 Cr |
| Total Expenses | ₹1,025.64 Cr | ₹697.32 Cr | ₹677.42 Cr | ₹715.87 Cr | ₹926.8 Cr | ₹802.3 Cr | ₹736.33 Cr | ₹805.78 Cr | ₹747.39 Cr | ₹617.83 Cr | ₹595.61 Cr | ₹623.36 Cr |
| Profit Before Exceptional Items & Tax | ₹206.06 Cr | ₹109.17 Cr | ₹125.84 Cr | ₹154.75 Cr | ₹149.15 Cr | ₹116.66 Cr | ₹101.59 Cr | ₹153.98 Cr | ₹119.31 Cr | ₹136.09 Cr | ₹97.04 Cr | ₹126.68 Cr |
| Exceptional Items | ₹0 | -₹48.86 Cr | ₹0 | ₹0 | ₹78 Lakh | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹206.06 Cr | ₹60.31 Cr | ₹125.84 Cr | ₹154.75 Cr | ₹149.93 Cr | ₹116.66 Cr | ₹101.59 Cr | ₹153.98 Cr | ₹119.31 Cr | ₹136.09 Cr | ₹97.04 Cr | ₹126.68 Cr |
| Total Tax Expense | ₹42.3 Cr | ₹26.84 Cr | ₹30.09 Cr | ₹40.09 Cr | ₹36.67 Cr | ₹33.59 Cr | ₹28.37 Cr | ₹37.79 Cr | ₹34.29 Cr | ₹37.66 Cr | ₹24.85 Cr | ₹32.9 Cr |
| Net Profit | ₹162.79 Cr | ₹30.74 Cr | ₹98.08 Cr | ₹101.17 Cr | ₹105.49 Cr | ₹77.05 Cr | ₹61.56 Cr | ₹109.73 Cr | ₹77.67 Cr | ₹79.92 Cr | ₹69.01 Cr | ₹92.8 Cr |
| attributable to Owners | ₹144.69 Cr | ₹26.72 Cr | ₹90.41 Cr | ₹90.76 Cr | ₹94.54 Cr | ₹71.49 Cr | ₹58.51 Cr | ₹98.02 Cr | ₹69.73 Cr | ₹71.55 Cr | ₹62.03 Cr | ₹91.77 Cr |
| attributable to NCI | ₹18.1 Cr | ₹6.72 Cr | ₹7.67 Cr | ₹10.41 Cr | ₹10.95 Cr | ₹5.56 Cr | ₹3.05 Cr | ₹11.71 Cr | ₹7.94 Cr | ₹8.37 Cr | ₹6.98 Cr | ₹1.02 Cr |
| Other Comprehensive Income | ₹4.57 Cr | -₹4.58 Cr | ₹1.41 Cr | -₹46 Lakh | ₹34 Lakh | -₹17 Lakh | -₹1.74 Cr | -₹22 Lakh | ₹1.02 Cr | -₹27 Lakh | ₹3.19 Cr | -₹25 Lakh |
| Total Comprehensive Income | ₹167.36 Cr | ₹26.16 Cr | ₹99.49 Cr | ₹100.71 Cr | ₹105.83 Cr | ₹76.88 Cr | ₹59.82 Cr | ₹109.51 Cr | ₹78.69 Cr | ₹79.65 Cr | ₹72.2 Cr | ₹92.55 Cr |
| EBITDA (computed) | ₹271.51 Cr | ₹173.68 Cr | ₹191.71 Cr | ₹207.75 Cr | ₹207.25 Cr | ₹180.28 Cr | ₹149.86 Cr | ₹192.79 Cr | ₹156.73 Cr | ₹173.52 Cr | ₹129.54 Cr | ₹156.68 Cr |
| Basic EPS | ₹10.85 | ₹1.94 | ₹6.43 | ₹7.56 | ₹7.35 | ₹5.64 | ₹5.14 | ₹7.65 | ₹5.67 | ₹6.55 | ₹4.78 | ₹6.65 |
| Diluted EPS | ₹10.49 | ₹1.93 | ₹6.35 | ₹7.46 | ₹7.24 | ₹5.60 | ₹5.06 | ₹7.55 | ₹5.59 | ₹6.49 | ₹4.69 | ₹6.60 |
| Segment · Q4 FY26 (latest quarter) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Transport | ₹359.76 Cr | ₹76.35 Cr | ₹2,813.08 Cr | ₹381.27 Cr |
| Water | ₹475.77 Cr | ₹131.26 Cr | ₹1,327.27 Cr | ₹957.99 Cr |
| Tunneling and Rehabilitation | ₹363.93 Cr | ₹78.05 Cr | ₹988.97 Cr | ₹643 Cr |
| Segment · FY 2026 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Transport | ₹1,424.98 Cr | ₹358.79 Cr | - | - |
| Water | ₹1,239.73 Cr | ₹325.04 Cr | - | - |
| Tunneling and Rehabilitation | ₹950.67 Cr | ₹195.68 Cr | - | - |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹2,594.88 Cr | ₹2,827.39 Cr | ₹2,450.44 Cr | ₹2,676.38 Cr | ₹1,306.94 Cr | ₹1,410.19 Cr | ₹1,760.05 Cr |
| Other Income | ₹116.46 Cr | ₹106.39 Cr | ₹102.31 Cr | ₹98.63 Cr | ₹37.8 Cr | ₹28.97 Cr | ₹52.58 Cr |
| Total Income | ₹2,711.34 Cr | ₹2,933.78 Cr | ₹2,552.75 Cr | ₹2,775.01 Cr | ₹1,344.74 Cr | ₹1,439.16 Cr | ₹1,812.63 Cr |
| Cost of Materials Consumed | ₹423.37 Cr | ₹469.57 Cr | ₹372.38 Cr | ₹390.12 Cr | ₹63.71 Cr | ₹6.05 Cr | ₹8.62 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹186.28 Cr | ₹167.32 Cr | ₹157.82 Cr | ₹148.14 Cr | ₹108.57 Cr | ₹80.78 Cr | ₹83.99 Cr |
| Finance Costs | ₹53.36 Cr | ₹32.98 Cr | ₹33.41 Cr | ₹75.52 Cr | ₹53.48 Cr | ₹44.52 Cr | ₹25.37 Cr |
| Depreciation & Amortisation | ₹12.02 Cr | ₹8.74 Cr | ₹9.71 Cr | ₹9.59 Cr | ₹12.42 Cr | ₹12.25 Cr | ₹19.44 Cr |
| Other Expenses | ₹1,605.82 Cr | ₹1,842.3 Cr | ₹1,583.63 Cr | ₹1,901.48 Cr | ₹990.56 Cr | ₹1,154.51 Cr | ₹1,461.14 Cr |
| Total Expenses | ₹2,280.85 Cr | ₹2,520.91 Cr | ₹2,156.95 Cr | ₹2,524.85 Cr | ₹1,228.74 Cr | ₹1,298.11 Cr | ₹1,598.56 Cr |
| Profit Before Exceptional Items & Tax | ₹430.49 Cr | ₹412.87 Cr | ₹395.8 Cr | ₹250.16 Cr | ₹116 Cr | ₹141.05 Cr | ₹214.07 Cr |
| Exceptional Items | -₹16.32 Cr | ₹32 Lakh | ₹0 | ₹509.9 Cr | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹414.17 Cr | ₹413.19 Cr | ₹395.8 Cr | ₹760.06 Cr | ₹116 Cr | ₹141.05 Cr | ₹214.07 Cr |
| Total Tax Expense | ₹105.88 Cr | ₹105.49 Cr | ₹110.65 Cr | ₹46.94 Cr | ₹22.56 Cr | ₹33.6 Cr | ₹54.73 Cr |
| Net Profit | ₹308.29 Cr | ₹307.7 Cr | ₹285.15 Cr | ₹713.12 Cr | ₹93.44 Cr | ₹107.45 Cr | ₹159.34 Cr |
| Other Comprehensive Income | ₹52 Lakh | -₹1.8 Cr | ₹3.72 Cr | -₹3.06 Cr | ₹1.39 Cr | ₹31 Lakh | ₹15 Lakh |
| Total Comprehensive Income | ₹308.81 Cr | ₹305.9 Cr | ₹288.87 Cr | ₹710.06 Cr | ₹94.83 Cr | ₹107.76 Cr | ₹159.49 Cr |
| EBITDA (computed) | ₹495.87 Cr | ₹454.59 Cr | ₹438.92 Cr | ₹335.27 Cr | ₹181.9 Cr | ₹197.82 Cr | ₹258.88 Cr |
| Basic EPS | ₹22.73 | ₹22.53 | ₹20.78 | ₹47.55 | ₹6.27 | ₹7.22 | ₹10.75 |
| Diluted EPS | ₹22.27 | ₹22.23 | ₹20.54 | ₹47.44 | ₹6.24 | ₹7.17 | ₹10.61 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total Assets | ₹5,023.61 Cr | ₹4,278.28 Cr | ₹3,721.1 Cr | ₹4,372.89 Cr |
| Non-current Assets | ₹1,259.19 Cr | ₹1,239.9 Cr | ₹1,081.92 Cr | ₹859.88 Cr |
| Current Assets | ₹3,660.84 Cr | ₹2,934.8 Cr | ₹2,535.6 Cr | ₹3,396.78 Cr |
| Property, Plant & Equipment | ₹10.69 Cr | ₹8.11 Cr | ₹7.63 Cr | ₹10.78 Cr |
| Inventories | ₹129.47 Cr | ₹111.95 Cr | ₹103.15 Cr | ₹86.29 Cr |
| Trade Receivables | ₹571.1 Cr | ₹660.1 Cr | ₹621.28 Cr | ₹568.64 Cr |
| Cash & Equivalents | ₹114.91 Cr | ₹433.73 Cr | ₹225.34 Cr | ₹259.79 Cr |
| Equity (Net Worth) | ₹3,151.69 Cr | ₹2,689.75 Cr | ₹2,422.26 Cr | ₹2,465.22 Cr |
| Equity Share Capital | ₹135.61 Cr | ₹136.71 Cr | ₹136.51 Cr | ₹149.98 Cr |
| Borrowings (Non-current) | ₹0 | ₹0 | ₹0 | ₹0 |
| Borrowings (Current) | ₹200.98 Cr | ₹190.7 Cr | ₹180.92 Cr | ₹473.02 Cr |
| Total Debt (computed) | ₹200.98 Cr | ₹190.7 Cr | ₹180.92 Cr | ₹473.02 Cr |
| Current Liabilities | ₹1,860.25 Cr | ₹1,580.44 Cr | ₹1,101.69 Cr | ₹1,695.41 Cr |
| Total Liabilities | ₹1,871.92 Cr | ₹1,588.53 Cr | ₹1,298.84 Cr | ₹1,907.67 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹353.89 Cr | ₹274.04 Cr | -₹106 Cr | ₹24.95 Cr | ₹222.16 Cr |
| Investing Cash Flow | -₹772.39 Cr | -₹16.23 Cr | -₹67.16 Cr | ₹1,673.5 Cr | -₹265.83 Cr |
| Financing Cash Flow | ₹99.68 Cr | -₹67.3 Cr | -₹662.04 Cr | -₹243.38 Cr | -₹173.14 Cr |
| Capital Expenditure | ₹8.45 Cr | ₹5.59 Cr | ₹3.24 Cr | ₹6.23 Cr | ₹6.85 Cr |
| Free Cash Flow (computed) | ₹345.44 Cr | ₹268.45 Cr | -₹109.24 Cr | ₹18.72 Cr | ₹215.31 Cr |
| Dividends Paid | ₹41.01 Cr | ₹40.88 Cr | ₹13.64 Cr | ₹134.98 Cr | ₹22.34 Cr |
| Net Change in Cash | -₹318.82 Cr | ₹190.51 Cr | -₹835.2 Cr | ₹1,455.07 Cr | -₹216.81 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹809.4 Cr | ₹588.67 Cr | ₹593.1 Cr | ₹603.71 Cr | ₹734.47 Cr | ₹683.43 Cr | ₹662.93 Cr | ₹746.56 Cr | ₹643.79 Cr | ₹583.54 Cr | ₹542.37 Cr | ₹680.74 Cr |
| Other Income | ₹35.98 Cr | ₹23.72 Cr | ₹24.81 Cr | ₹31.96 Cr | ₹25.54 Cr | ₹26.05 Cr | ₹25.04 Cr | ₹29.76 Cr | ₹21.63 Cr | ₹23.29 Cr | ₹28.68 Cr | ₹28.71 Cr |
| Total Income | ₹845.38 Cr | ₹612.39 Cr | ₹617.91 Cr | ₹635.67 Cr | ₹760.01 Cr | ₹709.48 Cr | ₹687.97 Cr | ₹776.32 Cr | ₹665.42 Cr | ₹606.83 Cr | ₹571.05 Cr | ₹709.45 Cr |
| Cost of Materials Consumed | ₹188.21 Cr | ₹80.22 Cr | ₹106.61 Cr | ₹48.33 Cr | ₹173.47 Cr | ₹148.22 Cr | ₹52.99 Cr | ₹94.9 Cr | ₹106.65 Cr | ₹93.05 Cr | ₹68.41 Cr | ₹104.27 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹53.18 Cr | ₹45.88 Cr | ₹44.91 Cr | ₹42.31 Cr | ₹42.84 Cr | ₹41.74 Cr | ₹42.84 Cr | ₹39.9 Cr | ₹40.2 Cr | ₹42.77 Cr | ₹37.39 Cr | ₹37.46 Cr |
| Finance Costs | ₹16.34 Cr | ₹14.55 Cr | ₹17.09 Cr | ₹5.38 Cr | ₹7.72 Cr | ₹7.63 Cr | ₹8.65 Cr | ₹8.97 Cr | ₹7.61 Cr | ₹7.48 Cr | ₹8.83 Cr | ₹9.49 Cr |
| Depreciation & Amortisation | ₹3.14 Cr | ₹3.14 Cr | ₹3.71 Cr | ₹2.03 Cr | ₹2.36 Cr | ₹2.19 Cr | ₹2.59 Cr | ₹1.6 Cr | ₹2.11 Cr | ₹2.67 Cr | ₹2.51 Cr | ₹2.42 Cr |
| Other Expenses | ₹439.16 Cr | ₹395.5 Cr | ₹350.2 Cr | ₹420.96 Cr | ₹421.72 Cr | ₹414.52 Cr | ₹493.61 Cr | ₹512.45 Cr | ₹421.89 Cr | ₹348.92 Cr | ₹377.05 Cr | ₹435.77 Cr |
| Total Expenses | ₹700.03 Cr | ₹539.29 Cr | ₹522.52 Cr | ₹519.01 Cr | ₹648.11 Cr | ₹614.3 Cr | ₹600.68 Cr | ₹657.82 Cr | ₹578.46 Cr | ₹494.89 Cr | ₹494.19 Cr | ₹589.41 Cr |
| Profit Before Exceptional Items & Tax | ₹145.35 Cr | ₹73.1 Cr | ₹95.39 Cr | ₹116.66 Cr | ₹111.9 Cr | ₹95.18 Cr | ₹87.29 Cr | ₹118.5 Cr | ₹86.96 Cr | ₹111.94 Cr | ₹76.86 Cr | ₹120.04 Cr |
| Exceptional Items | -₹16.32 Cr | ₹0 | ₹0 | ₹0 | ₹32 Lakh | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹129.03 Cr | ₹73.1 Cr | ₹95.39 Cr | ₹116.66 Cr | ₹112.22 Cr | ₹95.18 Cr | ₹87.29 Cr | ₹118.5 Cr | ₹86.96 Cr | ₹111.94 Cr | ₹76.86 Cr | ₹120.04 Cr |
| Total Tax Expense | ₹35.94 Cr | ₹17.9 Cr | ₹22.15 Cr | ₹29.89 Cr | ₹27.61 Cr | ₹25.74 Cr | ₹22.57 Cr | ₹29.57 Cr | ₹22.8 Cr | ₹34.36 Cr | ₹23.09 Cr | ₹30.4 Cr |
| Net Profit | ₹93.09 Cr | ₹55.2 Cr | ₹73.24 Cr | ₹86.77 Cr | ₹84.61 Cr | ₹69.44 Cr | ₹64.72 Cr | ₹88.93 Cr | ₹64.16 Cr | ₹77.58 Cr | ₹53.77 Cr | ₹89.64 Cr |
| Other Comprehensive Income | ₹2.93 Cr | -₹3.35 Cr | ₹1.39 Cr | -₹45 Lakh | ₹28 Lakh | -₹15 Lakh | -₹1.71 Cr | -₹22 Lakh | ₹1.06 Cr | -₹28 Lakh | ₹3.19 Cr | -₹25 Lakh |
| Total Comprehensive Income | ₹96.02 Cr | ₹51.85 Cr | ₹74.63 Cr | ₹86.32 Cr | ₹84.89 Cr | ₹69.29 Cr | ₹63.01 Cr | ₹88.71 Cr | ₹65.22 Cr | ₹77.3 Cr | ₹56.96 Cr | ₹89.39 Cr |
| EBITDA (computed) | ₹164.83 Cr | ₹90.79 Cr | ₹116.19 Cr | ₹124.07 Cr | ₹121.98 Cr | ₹105 Cr | ₹98.53 Cr | ₹129.07 Cr | ₹96.68 Cr | ₹122.09 Cr | ₹88.2 Cr | ₹131.95 Cr |
| Basic EPS | ₹7.00 | ₹4.03 | ₹5.35 | ₹6.35 | ₹6.21 | ₹5.06 | ₹4.75 | ₹6.51 | ₹4.70 | ₹5.68 | ₹3.96 | ₹6.44 |
| Diluted EPS | ₹6.72 | ₹3.99 | ₹5.29 | ₹6.27 | ₹6.11 | ₹5.02 | ₹4.67 | ₹6.43 | ₹4.64 | ₹5.63 | ₹3.87 | ₹6.40 |
Shareholding Pattern of Welspun Enterprises Limited
As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 56.13%, foreign institutional investors hold 3.46%, domestic institutional investors hold 9.33%, retail and other public shareholders hold 29.05% of Welspun Enterprises Limited. The company had 51,521 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 56.13% | 56.13% | 55.48% | 55.31% | 55.31% | 54.80% |
| Public | 41.85% | 42.71% | 43.29% | 43.46% | 43.46% | 43.97% |
| Employee Trusts | 2.02% | 1.16% | 1.23% | 1.23% | 1.23% | 1.23% |
| Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 56.13% | 55.31% | 54.51% | 53.76% | 53.49% | 50.20% | 50.33% | 47.42% | 44.59% | 44.63% | 40.63% |
| Public | 41.85% | 43.46% | 44.11% | 46.24% | 46.51% | 49.80% | 49.67% | 52.58% | 55.41% | 55.37% | 59.37% |
| Employee Trusts | 2.02% | 1.23% | 1.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Promoter change (YoY, %pts) | +0.82 | +0.80 | +0.75 | +0.27 | +3.29 | -0.13 | +2.91 | +2.83 | -0.04 | +4.00 | - |
Board & Governance of Welspun Enterprises Limited
As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Welspun Enterprises Limited has 8 directors - 4 independent and 3 executive. The board is chaired by Balkrishan Gopiram Goenka.
| Director | Position | On board since | Listed boards |
|---|---|---|---|
| Balkrishan Gopiram Goenka | Executive Director · Chairperson | 2010-04-27 | 4 |
| Sandeep Garg | Executive Director · MD | 2022-08-08 | 1 |
| Rajesh Mandawewala | Non-Executive - Non Independent Director | 2012-07-06 | 4 |
| Deepak Chauhan | Executive Director | 2025-08-06 | 1 |
| Aruna Sharma | Non-Executive - Independent Director | 2019-01-29 | 2 |
| Subramanian Madhavan | Non-Executive - Independent Director | 2024-04-01 | 5 |
| Anoop Kumar Mittal | Non-Executive - Independent Director | 2021-06-16 | 5 |
| Raghav Chandra | Non-Executive - Independent Director | 2019-05-15 | 5 |
| Committee | Members |
|---|---|
| Audit Committee | Subramanian Madhavan (Chairperson), Aruna Sharma, Raghav Chandra |
| Nomination and remuneration committee | Subramanian Madhavan (Chairperson), Raghav Chandra, Anoop Kumar Mittal |
| Stakeholders Relationship Committee | Aruna Sharma (Chairperson), Anoop Kumar Mittal, Raghav Chandra |
| Risk Management Committee | Raghav Chandra (Chairperson), Anoop Kumar Mittal, Subramanian Madhavan, Sandeep Garg, Deepak Chauhan |
| Corporate Social Responsibility Committee | Aruna Sharma (Chairperson), Subramanian Madhavan, Anoop Kumar Mittal |
Group Structure of Welspun Enterprises Limited
Welspun Enterprises Limited has 16 subsidiary companies and 2 associated companies. This group structure data is as of FY 2023. The corporate group structure reflects Welspun Enterprises Limited's business expansion strategy and organizational complexity.
| Company Name | CIN | Shares Held |
|---|---|---|
| Welspun Projects (Himmatnagar Bypass) Private Limited | U08106GJ2005PTC045753 | - |
| Welspun New Energy Limited | U40100DL2022PLC399468 | - |
| Welspun Infraconstruct Private Limited | U41000GJ2018PTC141883 | - |
| Welspun-Kaveri Infraprojects Jv Private Limited | U41000GJ2021PTC141882 | - |
| Welspun Build-Tech Private Limited | U45200MH2008PTC178766 | - |
| Welsteel Enterprises Private Limited | U45201DL2018PTC335713 | - |
Showing major subsidiaries. Total: 16.
Charges & Borrowings of Welspun Enterprises Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 07 Nov 2025 | Others | ₹152 Cr | Open |
| 10 Oct 2024 | Others | ₹1,236.56 Cr | Open |
| 16 Mar 2019 | Others | ₹3,000 Cr | Open |
| 13 Feb 2019 | Others | ₹35.43 Cr | Open |
| 19 Feb 2018 | Others | ₹706.05 Cr | Open |
Total charge records: 138 View all charges
Employees and EPFO Compliance at Welspun Enterprises Limited
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Employee and EPFO history for Welspun Enterprises Limited
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GST Compliance of Welspun Enterprises Limited
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Credit Ratings, Litigation & Regulatory Alerts for Welspun Enterprises Limited
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MSME Payment Delays by Welspun Enterprises Limited
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Subsidiaries & Group Companies of Welspun Enterprises Limited
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MCA Filings & Documents of Welspun Enterprises Limited
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Recent Activity on Welspun Enterprises Limited
Recent News on Welspun Enterprises Limited
Frequently Asked Questions about Welspun Enterprises Limited
Welspun Enterprises Limited is an active public limited company in the infrastructure and utilities sector based in Anjar, Gujarat, India. It was incorporated on 20 December 1994 (32+ years old) and is registered under CIN L45201GJ1994PLC023920. Listed on BSE: 532553 and NSE: WELENT.
Welspun Enterprises Limited reported revenue of ₹3,615.38 Cr for FY 2026 (up 0.87% YoY) based on consolidated NSE filings.
The current directors of Welspun Enterprises Limited are:
- Rajesh Mandawewala - Director
- Raghav Chandra - Director
- Aruna Sharma - Director
- Balkrishan Gopiram Goenka - Whole-Time Director
- Anoop Kumar Mittal - Director
- Sandeep Garg - Managing Director
- Deepak Chandrabhan Singh Chauhan - Director
- Subramanian Madhavan - Director
The primary industry of Welspun Enterprises Limited is infrastructure and utilities. The company specifically operates in road and bridge construction. The company is currently active in this sector.
Yes. Welspun Enterprises Limited is listed on both BSE (code: 532553) and NSE (symbol: WELENT).
Welspun Enterprises Limited can be reached at the registered office: Welspun City Village Versamedi Taluka Anjar, Gujarat, India – 370110, or through the website welspunenterprises.com.