Welspun Enterprises Ltd (BOM:532553)
₹ 500 -3.5 (-0.7%) Market Cap: 68.16 Bil Enterprise Value: 70.08 Bil PE Ratio: 22.41 PB Ratio: 2.74 GF Score: 86/100
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Q1 2025 Welspun Enterprises Ltd Earnings Call Transcript

Aug 02, 2024 / 08:00AM GMT
Release Date Price: ₹559.7 (-2.13%)

Key Points

Positve
  • Welspun Enterprises Ltd (BOM:532553) reported a 28% year-on-year growth in consolidated income, reaching INR960 crores in Q1 FY25.
  • The company has a strong order book of INR13,000 crores, providing clear revenue visibility over the medium term.
  • Welspun Michigan Enterprise Limited, a subsidiary, achieved a 64% year-on-year revenue growth, reaching INR144 crores in Q1 FY25.
  • The company has been recognized as a Great Place to Work and ranked among India's Top 100 Great Mid-size Workplaces.
  • Welspun Enterprises Ltd (BOM:532553) has a strong balance sheet with a net worth of INR2,600 crores and cash reserves of INR763 crores.
Negative
  • The company is awaiting regulatory approval for its field development plan in the oil and gas segment, delaying potential revenue from this sector until FY26-27.
  • There was a 48% spike in working capital days in FY24, raising concerns about future working capital requirements.
  • The company had to renegotiate and reduce the bid price for the MSRDC order from INR1,864 crores to INR1,850 crores.
  • The potential impact of upcoming BMC elections on key projects like Bhandup and Dharavi remains uncertain.
  • The company’s guidance for EBITDA includes a significant portion of other income, which may not be sustainable in the long term.
Operator

Ladies and gentlemen, good day, and welcome to Welspun Enterprises Limited Q1 FY25 Earnings Conference Call, hosted by JM Financials. (Operator Instructions) Please note that this conference is being recorded.

I now hand the conference over to Mr. Vaibhav Shah from JM Financial. Thank you, and over to you, Mr. Shah.

Vaibhav Shah
JM Financial Institutional Securities Ltd - Analyst

Yes. Thank you, Manav. On behalf of JM Financial, I welcome everybody to Q1 FY25 earnings conference call of Welspun Enterprises Limited.

I will now hand over the call to Mr. Salil Bawa, Group Head, Investor Relations of Welspun World. Over to you, sir.

Salil Bawa
Welspun Enterprises Ltd - President - Group Investors Relations

Thank you, Vaibhav. Good afternoon to all of you. On behalf of Welspun Enterprises Limited, I welcome all of you to the company's Q1 FY 2025 earnings call. Along with me, I have with us today Mr. Sandeep Garg, Managing Director, Welspun Enterprise Limited; Mr. Saurin Patel, Managing Director,

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