Live Welspun Living Share Price Chart

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VOL 9034

Welspun Living Performance

Days Range

Low: ₹143.00
High: ₹146.95
Previous Close ₹147.20
Open ₹144.00
Volume 9,36,197
Day’s Range ₹143.00 - ₹146.95
52W Range ₹81.50 - ₹171.25
Market Cap ₹14,212 Cr

Welspun Living Fundamentals

ROCE (TTM) 11.99
P/E Ratio (TTM) 21.51
P/B Ratio 3.39
Industry P/E 21.93
Debt to Equity 0.58
ROE 12.53
EPS (TTM) 6.8
Dividend Yield 0.07
Book Value 43.19
Face Value 1

Welspun Living Financials

Mar 2023Jun 2023Sep 2023Dec 2023
Net Sales2,153.92,184.052,509.082,410.87
Expenses1,988.911,972.822,249.582,172.36
Profit before tax173.19215.98259.15239.68
Operating Profit128.99162.73200.41179.05
Net Profit128.99162.73200.41179.05
EPS in Rs1.281.662.041.84

About Welspun Living

History

Welspun India, a key entity within the Welspun Group, which itself is valued at USD 2.7 billion as of March 2023  stands as one of the world’s leading manufacturers in the home textiles sector. It specialises in areas such as Bed, Bath, and Flooring. Renowned for being India’s top home textile exporter, Welspun supplies to 17 of the top 30 global retailers. The company has a significant global footprint, extending its reach to over 50 countries, including major markets like the USA, Canada, the UK, and Australia. Welspun India operates two state-of-the-art textile manufacturing units in Anjar (Gujarat) and Vapi.

The company’s journey began as a modest texturising unit named Welspun Winilon Silk Mills in Palghar district, launching operations on January 17th, 1985. By 1991, the company went public as Welspun Polyester India Limited through an initial public offering (IPO), later evolving into Welspun India Limited. In 1993, Welspun India established a terry towel facility in Vapi, Gujarat. The year 2000 saw the inception of Welspun USA as a wholly-owned subsidiary, focusing on understanding the American consumer through its New York City-based sales, design, and marketing operations.

In May 2005, Welspun India merged with Glofame Cotspin Industries Ltd, issuing new shares as part of the amalgamation. 2004-05 marked a significant expansion by establishing a new plant in Anjar, Gujarat, for producing bed linens and enhancing the Vapi facility for terry towels and other products. By 2005, Welspun had significantly increased its production capacity for Cotton Terry Towels.

2007 also saw Welspun India starting a bedding sets facility in Mexico. 2009 marked a restructuring phase, with the Sales & Marketing and Investment divisions being demerged into Welspun Global Brands Ltd. and Welspun Investments & Commercials Ltd. 2012 saw Welspun Global Brands becoming a subsidiary of Welspun India.

In December 2014, Welspun India unveiled a new, large-scale spinning facility in Anjar, Gujarat, doubling its spinning capacity and reducing external sourcing dependency. The year 2016 was another landmark, with the commissioning of India’s largest spinning facility.

In August 2016, the company brought challenges when a product specification issue with Target Corporation arose, leading to a comprehensive review of the supply chain by Ernst & Young LLP. 2017 was a year of diversification, with Welspun India venturing into flooring solutions and smart textiles, expanding its presence in the Middle East, Japan, Australia, and the EU.

In January 2018, Welspun incorporated Welspun Nexgen Inc. in the USA, focusing on e-commerce investments. The same year, Welspun India introduced Wel-Trak, a patented traceability process ensuring the transparency of cotton raw material supply chains.

2018 also saw Welspun India amalgamating Prasert Multiventure Private Limited, increasing its authorised share capital. In 2019, amidst the COVID-19 pandemic, Welspun India continued operations, adapting to global economic disruptions.

The company has consistently been recognised for its sustainability and CSR efforts, including being named one of the top 100 companies in India by ET-Futurescape in 2020. 2020 also saw an expansion in the Home Textile business and strategic investments in real estate in New York through its subsidiary.

Business Segments 

Welspun Living Ltd, a subsidiary of Welspun Group, is a prominent manufacturer of home textiles in India with an international footprint. The company operates across three primary business divisions:

  • Home Textiles: This is the principal division of Welspun Living, contributing most of its total revenue. The company produces a diverse array of home textile items, including:
    1. Towels: Welspun is recognised as the top exporter of towels from India, offering a range of towels through various brands such as Christy, Spaces, and its own Welspun brand.
    2. Bed Linen: They provide an extensive selection of bed sheets, duvets, pillowcases, and other bedding items under brands like Welspun, SPUN, and Scott Living.
    3. Rugs: The company produces area rugs, bath mats, and carpets under brand names, including Welspun, Spaces, and Martha Stewart.
  • Flooring: This segment delivers a range of flooring solutions, which include tiles, wooden flooring, and vinyl flooring. Welspun’s flooring brands feature HealthyFloor, ResilonX, and Welspun Ecolite.
  • Advanced Textiles: This division is dedicated to the development and production of specialised textiles for a variety of uses, such as in the healthcare, automotive, and defence sectors. Their advanced textile line includes medical, filtration, and ballistic fabrics.

Subsidiaries of Welspun Living Limited

Welspun Living Ltd., a major player in the home textiles industry, has several key subsidiaries, each specialising in different areas:

  1. Welspun Global Brands Limited: This subsidiary is a crucial arm of Welspun, focusing on the branding and marketing aspects of the group’s products. It plays a pivotal role in managing and enhancing the global presence of Welspun’s diverse home textile products, ensuring the brand remains competitive and recognisable in international markets.
  2. Welspun Captive Power Generation Limited: This entity caters to the energy needs of Welspun’s operations. As a captive power generation company, it is integral to providing reliable and efficient energy solutions, which is essential for sustaining large-scale manufacturing processes. Their role is critical in maintaining Welspun’s industrial activities’ energy efficiency and sustainability.
  3. Welspun USA Inc: Serving as the North American arm of the Welspun group, this subsidiary is key to expanding and consolidating Welspun’s foothold in the United States market. It deals with the distribution and marketing of Welspun’s products in the U.S., adapting to the specific needs and trends of the American consumer base and thereby playing a significant role in the international expansion of the Welspun brand.

Key Personnel 

Dipali Goenka, CEO and Managing Director 

Dipali Goenka, as the CEO and Managing Director of Welspun Living Limited, has been pivotal in the company’s ascent as a global textile industry leader. Under her leadership, Welspun has diversified its brand portfolio, including names like Spaces and Christy, and expanded into various markets with new towels and sheets products. A Harvard University alumna, Goenka is recognised by Forbes and Business Today as one of the most powerful women in business. Her contributions extend beyond Welspun, with appearances at forums like the Fortune Global Forum and features in numerous discussions about the textile industry’s growth and innovation.

Corporate Actions 

Buyback 

  • Welspun Living Limited’s May 2023 buyback involved 1,62,50,000 shares at ₹120 per share, totalling ₹195 crore, with a record date of May 10, 2023, and an entitlement ratio of 6.17% for small shareholders and 1.45% for the general category.
  • The Welspun India Limited buyback in 2021 involved repurchasing 1,66,66,667 shares at ₹120 per share, totalling ₹200 crore, with a record date of May 26, 2021​.
Parent Organisation Welspun
Founded 1985
Managing Director B K Goenka
NSE Symbol WELSPUNLIV

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Welspun Living FAQs

What is the Share price of Welspun Living (WELSPUNLIV)?

Welspun Living (WELSPUNLIV) share price as of April 19, 2024, on NSE is Rs 145.85 (NSE) and Rs 146.25 (BSE) on BSE.

Can I buy Welspun Living (WELSPUNLIV) shares?

Yes, You can buy Welspun Living (WELSPUNLIV) shares by opening a Demat account with Angel One.

How do I buy Welspun Living (WELSPUNLIV) from Angel One?

Welspun Living (WELSPUNLIV) share can be brought through the following modes:
  1. Direct investment: You can buy Welspun Living (WELSPUNLIV) shares by opening a Demat account with Angel One.
  2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Welspun Living (WELSPUNLIV) shares.