Welspun Enterprises Limited - infrastructure and utilities in Anjar, Gujarat, India. FY 2026 financials and compliance.
CIN L45201GJ1994PLC023920 Incorporated 20 December 1994 ROC Ahmedabad HQ Anjar, Gujarat, India
Active Listed - NSE: WELENT · BSE: 532553 Public Limited Company infrastructure and utilities
Data last updated
Revenue · FY 2026
₹3,615.38 Cr
▲ 0.87% YoY
EBITDA · FY 2026
₹844.65 Cr
▲ 15.68% YoY
Net profit · FY 2026
₹392.77 Cr
▲ 11.01% YoY
Authorised capital
₹275 Cr
Registered with MCA
Paid-up capital
₹138.41 Cr
Issued & subscribed
Open charges
₹4,730.04 Cr
Satisfied ₹16,116 Cr
Company age
32 yrs
Est. 1994
Last financials
Mar 2025
Balance sheet date

About Welspun Enterprises Limited

Data last updated: 17 December 2025

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 Rameshkumar Mandawewala and Anoop Kumar Mittal.

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 the financials filed for FY 2025, the company reported a revenue of ₹3,792.59 Cr, a growth of 24% compared to the previous year.

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 ₹4,730.04 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.

Company Details of Welspun Enterprises Limited
CIN L45201GJ1994PLC023920
Registration Number 023920
Incorporation Date 20 December 1994
ROC Ahmedabad
Listing Status Listed (BSE: 532553, NSE: WELENT)
Company Status Active
Date of Last AGM 29 August 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Contact Details
  • Email
    *****@*****.com
  • Telephone
    +91-****-******
  • Social Media
  • Registered Address
    Welspun City Village Versamedi Taluka Anjar, Gujarat, India – 370110
  • Industry
    Infrastructure and Utilities, Road & Bridge Construction
Company report
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Financials, compliance, directors, charges, ownership and filings for Welspun Enterprises Limited in one report.

10-year financials Directors & ownership Charges & compliance

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 Claros Technologies Provider of sustainable solutions for circular economy Saint Paul, United States, United States 2015
ClearSign ClearSign Combustion efficiency is enhanced through specialized technology solutions. Seattle, United States, United States 2008
Ventia Ventia Infrastructure development services are provided by Ventia across multiple sectors. Sydney, Australia, Australia 2015
Nala Earth Nala Earth Company allows businesses to measure, manage, and report their impact on nature Berlin, Germany, Germany 2023
JCCL JCCL Provider of carbon dioxide recovery and recycling solutions Fukuoka, Japan, Japan 2020
Exposome Exposome Manufacturer of air and water treatment chemicals Mumbai, India, India 2020
Sunborne Systems Sunborne Systems Hydrogen-based fuel is provided via an online platform. Harwell, United Kingdom, United Kingdom 2021
Plenary Plenary Developer of infrastructure projects Melbourne, Australia, Australia 2004
MagREEsource MagREEsource Deeptech company specializing in the recycling of rare earth magnets for the electrification and green tech industry Grenoble, France, France 2020
ThermoAI ThermoAI 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 *********

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 13 directors, with 47 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Rajesh Rameshkumar Mandawewala Director 06 Jul 2012 14 Years 0 Months Current
Anoop Kumar Mittal Director 16 Jun 2021 5 Years 0 Months Current
Lalit Kumar Jain Cfo 01 Feb 2023 3 Years 5 Months Current
Raghav Chandra Director 15 May 2019 7 Years 1 Months Current
Deepak Chandrabhan Singh Chauhan Director 06 Aug 2025 0 Years 11 Months Current
Balkrishan Gopiram Goenka Whole-Time Director 29 May 2020 6 Years 1 Months Current
Showing 6 of 13 current directors. View all directors

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. Profit growth despite declining revenue indicates effective cost management and margin discipline.

Revenue · FY 2026
₹3,615.38 Cr ▲ 0.87%
Profit · FY 2026
₹392.77 Cr ▲ 11.01%
EBITDA · FY 2026
₹844.65 Cr ▲ 15.68%
Revenue₹ Cr · Consolidated02,0004,000FY 2020: ₹1,808 Cr1,808FY 2020FY 2021: ₹1,530 Cr · -15.4% YoY1,530-15.4%FY 2021FY 2022: ₹1,401 Cr · -8.4% YoY1,401-8.4%FY 2022FY 2023: ₹2,758 Cr · +96.8% YoY2,758+96.8%FY 2023FY 2024: ₹2,872 Cr · +4.1% YoY2,872+4.1%FY 2024FY 2025: ₹3,584 Cr · +24.8% YoY3,584+24.8%FY 2025FY 2026: ₹3,615 Cr · +0.9% YoY3,615+0.9%FY 2026
Net Profit₹ Cr · Consolidated0250500750FY 2020: ₹151 Cr151FY 2020FY 2021: ₹130 Cr · -13.9% YoY130-13.9%FY 2021FY 2022: ₹126 Cr · -3.1% YoY126-3.1%FY 2022FY 2023: ₹726 Cr · +475.8% YoY726+475.8%FY 2023FY 2024: ₹319 Cr · -56% YoY319-56%FY 2024FY 2025: ₹354 Cr · +10.8% YoY354+10.8%FY 2025FY 2026: ₹393 Cr · +11% YoY393+11%FY 2026
Quarterly Revenue₹ Cr · vs same quarter last year05001,0001,500Q1'25: ₹907 Cr · +29.8% YoY907+29.8%Q1'25Q2'25: ₹789 Cr · +22.1% YoY789+22.1%Q2'25Q3'25: ₹867 Cr · +22.7% YoY867+22.7%Q3'25Q4'25: ₹1,021 Cr · +24.4% YoY1,021+24.4%Q4'25Q1'26: ₹845 Cr · -6.9% YoY845-6.9%Q1'26Q2'26: ₹784 Cr · -0.6% YoY784-0.6%Q2'26Q3'26: ₹787 Cr · -9.2% YoY787-9.2%Q3'26Q4'26: ₹1,199 Cr · +17.4% YoY1,199+17.4%Q4'26
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
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
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
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
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
Latest 12 quarters shown of 24 on record.
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
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
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
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
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
Latest 12 quarters shown of 25 on record.
Want more history and ratios?
You're viewing the latest exchange-filed financials for Welspun Enterprises Limited. The full report adds 10+ years of line-item history, 20+ ratios, peer benchmarks and a downloadable PDF.
10+ years of history 20+ ratios & benchmarks Downloadable PDF

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.

Promoters: 56.13%DII (Domestic Institutional): 9.33%FII (Foreign Institutional): 3.46%Retail & Others: 29.05%Others: 2.03%
Mar 2026
QUARTER
56.13% Promoters
9.33% DII (Domestic Institutional)
3.46% FII (Foreign Institutional)
29.05% Retail & Others
2.03% Others
Promoter holding - history
Now 56.13% · Mar 2026High 56.13% · Dec 2025Low 40.57% · Sep 2016
39%43.8%48.5%53.3%58%Dec 2015Jun 2018Dec 2020Apr 2023Sep 2025Dec 2015: 40.81%Mar 2016: 40.63%Jun 2016: 40.63%Sep 2016: 40.57%Dec 2016: 40.57%Mar 2017: 44.63%Jun 2017: 44.63%Sep 2017: 44.56%Dec 2017: 44.56%Mar 2018: 44.59%Jun 2018: 46.26%Sep 2018: 46.04%Dec 2018: 46.17%Mar 2019: 47.42%Jun 2019: 47.42%Sep 2019: 47.42%Dec 2019: 47.30%Mar 2020: 50.33%Jun 2020: 50.26%Sep 2020: 50.26%Dec 2020: 50.21%Mar 2021: 50.20%Jun 2021: 52.95%Sep 2021: 53.79%Dec 2021: 53.77%Mar 2022: 53.49%Jun 2022: 53.52%Sep 2022: 53.76%Dec 2022: 53.76%Mar 2023: 53.76%Apr 2023: 54.59%Jun 2023: 54.53%Sep 2023: 54.51%Dec 2023: 54.51%Mar 2024: 54.51%Jun 2024: 54.51%Sep 2024: 54.51%Dec 2024: 54.80%Mar 2025: 55.31%Jun 2025: 55.31%Sep 2025: 55.48%Dec 2025: 56.13%Mar 2026: 56.13%56.13%40.57%56.13%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Promoters56.13%56.13%55.48%55.31%55.31%54.80%
Public41.85%42.71%43.29%43.46%43.46%43.97%
Employee Trusts2.02%1.16%1.23%1.23%1.23%1.23%
Shareholding history - year on year (as at 31 March)
Mar 2026Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016
Promoters56.13%55.31%54.51%53.76%53.49%50.20%50.33%47.42%44.59%44.63%40.63%
Public41.85%43.46%44.11%46.24%46.51%49.80%49.67%52.58%55.41%55.37%59.37%
Employee Trusts2.02%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.

DirectorPositionOn board sinceListed 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
Board Committees
CommitteeMembers
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.

16
Subsidiary companies
2
Associated companies
Key Subsidiaries
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

Open charges
₹4,730.04 Cr
Satisfied charges
₹16,116 Cr
Breakdown by lending institutions
Others₹4,730.04 Cr
Latest charge details
DateLenderAmountStatus
07 Nov 2025 Others ₹152 Cr Open
10 Oct 2024 Others ₹1,236.56 Cr Open
16 Mar 2019 Others ₹2,600 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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2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026

Employee Count & EPFO Data of Welspun Enterprises Limited

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Monthly employee headcount & PF contributions
EPFO establishment details & ECR filing status
Year-wise workforce analytics & attrition trends
PF exemption, coverage & compliance verification

GST Compliance of Welspun Enterprises Limited

XX%
Compliant
GSTR-1
GSTR-3B
GSTR-9
MH
KA
UP
TN
TS

GSTIN & GST Filing Data of Welspun Enterprises Limited

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GSTIN registrations & state-wise presence
Filing compliance - GSTR-1, GSTR-3B, GSTR-9
HSN/SAC codes with goods & services details
Taxpayer type, jurisdiction & business constitution

Credit Ratings, Litigation & Regulatory Alerts for Welspun Enterprises Limited

Credit rating
AAA
AA+
AA
AA-
! !
2015 2017 2019 2021 2023
Litigation
District Court 35
High Court 45
Supreme Court 0
NCLT / NCLAT 0
Pending
Disposed
Regulatory alerts
GSTIN Cancelled
Andhra Pradesh
GSTIN Cancelled
Telangana (on application)
EPFO Delay
12 months delay - Haryana
Violations via Directors
20 MCA + 19 Bank defaults

Credit Ratings, Legal Cases & Regulatory Alerts of Welspun Enterprises Limited

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Credit rating history across CARE, ICRA, Brickwork & India Ratings
Instrument-wise ratings, outlook & action timeline
Court-wise litigation (District, High Court, Supreme Court, NCLT)
Group company & common directorship litigation
Statutory compliance alerts (GSTIN, EPFO, ROC)
Director & company violations (MCA, SEBI, Banks, BSE/NSE)

MSME Payment Delays by Welspun Enterprises Limited

MSME Payment Delays by Welspun Enterprises Limited

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Amounts outstanding to MSME suppliers
Delay periods & reasons for delayed payments
Half-yearly MSME-1 filing history
Vendor-payment behaviour as a counterparty risk signal

Subsidiaries & Group Companies of Welspun Enterprises Limited

Subsidiaries & Group Companies of Welspun Enterprises Limited

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Holding & parent company details
Subsidiaries & step-down subsidiaries with % holding
Associates & joint ventures with partner details
Investments in other entities year-on-year

MCA Filings & Documents of Welspun Enterprises Limited

MCA Filings & Documents of Welspun Enterprises Limited

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Incorporation documents, MoA & AoA
Annual returns (MGT-7) & financial statements (AOC-4)
Charge filings (CHG-1, CHG-4) & resolutions
Complete document index with filing dates

Recent Activity on Welspun Enterprises Limited

Charges
07 Nov 2025
A charge with Others amounted to Rs. 152.00 Cr with Charge ID 101192184 was registered on 07 Nov 2025.
Charges
10 Oct 2025
A charge registered on 20 Nov 2020 via Charge ID 100393021 with Axis Bank Limited was fully satisfied on 10 Oct 2025.
Charges
16 Sep 2025
A charge with Others of Rs. 35.43 Cr registered on 13 Feb 2019 with Charge ID 100238500 was modified on 16 Sep 2025.
Charges
10 Sep 2025
A charge registered on 14 Jan 2022 via Charge ID 100526563 with Others was fully satisfied on 10 Sep 2025.
Activity
29 Aug 2025
Welspun Enterprises Limited last Annual general meeting of members was held on 29 Aug 2025 as per latest MCA records.
Directors
06 Aug 2025
Deepak Chandrabhan Singh Chauhan was appointed as a Director on 06 Aug 2025 & has been associated with this company since 11 months 3 days.

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 ₹3,792.59 Cr for FY 2025 (up 24.00% YoY).

The current directors of Welspun Enterprises Limited are:

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.

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