Welspun Enterprises Ltd (WEL), a part of the USD 2.7 billion Welspun Group, is a prominent player in India’s infrastructure development sector, with a strong focus on roads, highways, water, and wastewater management projects. Established originally as MSK Projects (India) Limited in 1976, the company underwent significant transformations before rebranding as Welspun Enterprises Ltd. Leveraging its expertise in various Public-Private Partnership (PPP) models, the company has made substantial contributions to both rural and urban infrastructure, delivering landmark projects such as the Delhi-Meerut Expressway, India’s first 14-lane expressway. In addition to its core infrastructure projects, WEL is involved in oil and gas exploration through its joint venture with Adani Welspun Exploration Limited. The company primarily focuses on Hybrid Annuity Model (HAM) projects but also undertakes value-accretive projects in the BOT-Toll and EPC segments. A key component of the globally diversified Welspun Group, WEL emphasizes sustainability, operational excellence, and community impact, playing a vital role in nation-building by improving essential infrastructure and enhancing the quality of life across India.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | |
| Promoters + | 54.51% | 54.51% | 54.51% | 54.51% | 54.80% |
| FIIs + | 4.57% | 4.55% | 4.69% | 4.71% | 4.58% |
| DIIs + | 2.00% | 1.93% | 1.77% | 5.02% | 6.31% |
| Public + | 37.48% | 37.62% | 37.63% | 34.37% | 33.07% |
| Others + | 1.44% | 1.37% | 1.37% | 1.37% | 1.23% |
| No. of Shareholders | 58,035 | 58,167 | 63,961 | 65,441 | 63,886 |
The shareholding pattern of Welspun Enterprises from December 2023 to December 2024 reflects a stable and strategic distribution of ownership. The Promoters maintained a consistent stake of 54.51% throughout most of the year, increasing slightly to 54.80% by December 2024, demonstrating their confidence in the company’s future. Foreign Institutional Investors (FIIs) held a steady share, ranging from 4.55% to 4.71%, while Domestic Institutional Investors (DIIs) showed a notable rise from 2.00% in December 2023 to 6.31% by December 2024, indicating growing institutional interest. Public shareholding declined from 37.48% to 33.07%, likely due to increased institutional acquisitions, and the “Others” category saw a minor reduction from 1.44% to 1.23%. The number of shareholders peaked at 65,441 in September 2024, ending the year at 63,886, reflecting strong retail engagement. This dynamic shareholding structure highlights growing institutional confidence and Welspun Enterprises’ appeal as a key player in the infrastructure sector.
Below are the trading platforms that you can use to purchase Welspun Enterprises shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| April 2025 | 505.77 | 389.05 |
| May 2025 | 491.04 | 377.72 |
| June 2025 | 513.13 | 394.72 |
| July 2025 | 503.07 | 386.98 |
| August 2025 | 518.63 | 398.95 |
| September 2025 | 524.86 | 403.74 |
| October 2025 | 538.50 | 414.23 |
| November 2025 | 551.96 | 424.59 |
| December 2025 | 576.80 | 443.69 |
As we move through 2025, the share price of Welspun Enterprises is anticipated to exhibit steady growth. In April 2025, the share price is expected to range between ₹389.05 and ₹505.77. By December 2025, the share price is projected to climb further, with a maximum of ₹576.80 and a minimum of ₹443.69.
| When | Maximum Price | Minimum Price |
| January 2026 | 594.11 | 457.01 |
| February 2026 | 579.25 | 445.58 |
| March 2026 | 590.84 | 454.49 |
| April 2026 | 602.90 | 463.77 |
| May 2026 | 596.93 | 459.18 |
| June 2026 | 611.85 | 470.65 |
| July 2026 | 599.85 | 461.43 |
| August 2026 | 618.41 | 475.70 |
| September 2026 | 630.77 | 485.21 |
| October 2026 | 647.17 | 497.83 |
| November 2026 | 663.35 | 510.27 |
| December 2026 | 679.94 | 523.03 |
As we step into 2026, the share price of Welspun Enterprises is expected to showcase a positive trend. In January 2026, the price is projected to range between ₹457.01 and ₹594.11. By December 2026, the share price is anticipated to reach a maximum of ₹679.94 and a minimum of ₹523.03.
| When | Maximum Price | Minimum Price |
| January 2027 | 686.74 | 528.26 |
| February 2027 | 704.35 | 541.80 |
| March 2027 | 731.82 | 562.93 |
| April 2027 | 717.47 | 551.90 |
| May 2027 | 696.57 | 535.82 |
| June 2027 | 727.91 | 559.93 |
| July 2027 | 713.64 | 548.96 |
| August 2027 | 735.71 | 565.93 |
| September 2027 | 761.46 | 585.74 |
| October 2027 | 781.26 | 600.97 |
| November 2027 | 800.79 | 615.99 |
| December 2027 | 820.81 | 631.39 |
| When | Maximum Price | Minimum Price |
| January 2028 | 837.23 | 644.02 |
| February 2028 | 858.70 | 660.54 |
| March 2028 | 892.19 | 686.30 |
| April 2028 | 874.69 | 672.84 |
| May 2028 | 849.21 | 653.24 |
| June 2028 | 887.43 | 682.64 |
| July 2028 | 870.03 | 669.25 |
| August 2028 | 896.94 | 689.95 |
| September 2028 | 928.33 | 714.10 |
| October 2028 | 952.47 | 732.67 |
| November 2028 | 976.28 | 750.98 |
| December 2028 | 1,000.69 | 769.76 |
| When | Maximum Price | Minimum Price |
| January 2029 | 1,020.70 | 785.15 |
| February 2029 | 1,046.87 | 805.29 |
| March 2029 | 1,087.70 | 836.69 |
| April 2029 | 1,066.37 | 820.29 |
| May 2029 | 1,035.31 | 796.39 |
| June 2029 | 1,081.90 | 832.23 |
| July 2029 | 1,060.69 | 815.91 |
| August 2029 | 1,093.49 | 841.15 |
| September 2029 | 1,131.76 | 870.59 |
| October 2029 | 1,161.19 | 893.22 |
| November 2029 | 1,190.22 | 915.55 |
| December 2029 | 1,219.98 | 938.44 |
| When | Maximum Price | Minimum Price |
| January 2030 | 1,244.37 | 957.21 |
| February 2030 | 1,276.28 | 981.76 |
| March 2030 | 1,326.06 | 1,020.04 |
| April 2030 | 1,300.06 | 1,000.04 |
| May 2030 | 1,262.19 | 970.92 |
| June 2030 | 1,318.99 | 1,014.61 |
| July 2030 | 1,293.13 | 994.71 |
| August 2030 | 1,333.12 | 1,025.48 |
| September 2030 | 1,379.78 | 1,061.37 |
| October 2030 | 1,415.65 | 1,088.96 |
| November 2030 | 1,451.04 | 1,116.19 |
| December 2030 | 1,487.32 | 1,144.09 |
As we progress through 2030, the share price of Welspun Enterprises is expected to demonstrate a consistent upward trajectory. Starting in January 2030, the price is projected to range between ₹957.21 and ₹1,244.37. By December 2030, the share price is anticipated to peak at a maximum of ₹1,487.32 and a minimum of ₹1,144.09. These projections highlight the strong market confidence in Welspun Enterprises as it continues to thrive in the infrastructure sector.
Financial Condition of Welspun Enterprises
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 1,808 | 1,530 | 1,342 | 2,758 | 2,872 | 3,384 |
| Expenses + | 1,617 | 1,365 | 1,195 | 2,511 | 2,447 | 2,904 |
| Operating Profit | 191 | 164 | 147 | 247 | 425 | 480 |
| OPM % | 11% | 11% | 11% | 9% | 15% | 14% |
| Other Income + | 112 | 142 | 103 | 668 | 162 | 168 |
| Interest | 77 | 110 | 83 | 119 | 110 | 143 |
| Depreciation | 23 | 16 | 16 | 13 | 28 | 45 |
| Profit before tax | 203 | 180 | 152 | 783 | 449 | 460 |
| Tax % | 25% | 28% | 17% | 7% | 29% | |
| Net Profit + | 151 | 130 | 126 | 726 | 319 | 326 |
| EPS in Rs | 10.03 | 8.66 | 8.33 | 48.19 | 21.32 | 21.51 |
| Dividend Payout % | 20% | 17% | 18% | 18% | 14% |
Welspun Enterprises has shown steady financial growth and operational resilience over the years. The company’s sales increased from ₹1,808 crore in March 2020 to ₹2,872 crore by March 2024, with a trailing twelve-month (TTM) figure of ₹3,384 crore. This consistent rise in sales underscores Welspun Enterprises’ strong execution capabilities and its growing footprint in the infrastructure sector. The company’s ability to deliver on its projects has played a pivotal role in driving this growth.
Operating profits have also grown significantly, climbing from ₹191 crore in 2020 to ₹425 crore in 2024, supported by an improvement in Operating Profit Margin (OPM). The OPM, which was 11% from 2020 to 2022, rose to 15% in 2024, reflecting enhanced efficiency and cost management. Other income, while fluctuating, spiked to ₹668 crore in 2023, before stabilizing at ₹162 crore in 2024 and ₹168 crore in the TTM period. Despite these variations, Welspun Enterprises has maintained stable interest expenses between ₹110 crore and ₹143 crore, further solidifying its financial stability.
The company’s net profit showcased remarkable growth, peaking at ₹726 crore in 2023, before moderating to ₹319 crore in 2024. Earnings Per Share (EPS) followed this trend, reaching ₹48.19 in 2023 and settling at ₹21.51 in the TTM period. Dividend payouts ranged between 14% and 20%, striking a balance between rewarding shareholders and retaining earnings for future expansion.
FAQS
As of March 17th, 2025, the current share price of Welspun Enterprises is ₹448.
According to market analysts and financial experts, the share price target for Welspun Enterprises for 2025 is estimated to be between ₹377.72 to ₹576.80.
Looking ahead, Welspun Enterprises share price is anticipated to reach impressive heights, ranging from ₹957.21 to ₹1,487.32 by 2030, highlighting the company’s promising long-term growth prospects.
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Conclusion
Welspun Enterprises Ltd has established itself as a key player in India’s infrastructure sector, demonstrating steady financial growth and strategic shareholding dynamics. With rising sales, improving operating margins, and a robust portfolio of infrastructure projects, including landmark initiatives like the Delhi-Meerut Expressway, the company has consistently showcased its execution capabilities. The stable promoter stake, growing institutional interest, and dynamic public engagement reflect strong market confidence. Financially, Welspun Enterprises has achieved significant milestones, with consistent revenue growth and an impressive rise in operating profits, despite fluctuations in net profits and other income. As the company continues to leverage its expertise in PPP models and expand its footprint across core infrastructure and oil and gas exploration, it is well-positioned for sustainable growth and enhanced shareholder value.
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