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ChangeWelspun Ltd., the flagship company of the US$ 3 bn Welspun Group, is the second largest (large diameter) pipe producer in the world. Incorporated in 1995, it manufactures pipe and related niche products. The energy transportation sector (oil, gas, cr... More
Shanghai Electric Group is one of the largest diversified equipment manufacturers in China. It engages in equipments, EPC projects and provides comprehensive service for modern equipments. Its premium products cover 1000 MW class ultra-supercritical ... More
 WELSPUN CORP  SHANGHAI ELEC. |
| EQUITY SHARE DATA | |||||
|---|---|---|---|---|---|
| WELSPUN CORP Mar-16 |
SHANGHAI ELEC. Dec-12 |
WELSPUN CORP/ SHANGHAI ELEC. |
5-Yr Chart Click to enlarge
|
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| High | Rs | 154 | 58 | - | |
| Low | Rs | 53 | 35 | - | |
| Sales per share (Unadj.) | Rs | 313.7 | 57.5 | - | |
| Earnings per share (Unadj.) | Rs | 8.6 | 2.0 | - | |
| Cash flow per share (Unadj.) | Rs | 25.7 | 3.2 | - | |
| Dividends per share (Unadj.) | Rs | 0.50 | 0.58 | - | |
| Dividend yield (eoy) | % | 0.5 | 1.3 | 38.7% | |
| Book value per share (Unadj.) | Rs | 115.5 | 22.9 | - | |
| Shares outstanding (eoy) | m | 265.23 | 12,823.63 | - | |
| Bonus/Rights/Conversions | ESOP | - | - | ||
| Price / Sales ratio | x | 0.3 | 0.8 | 41.0% | |
| Avg P/E ratio | x | 12.0 | 22.7 | 53.1% | |
| P/CF ratio (eoy) | x | 4.0 | 14.6 | 27.6% | |
| Price / Book Value ratio | x | 0.9 | 2.0 | 44.3% | |
| Dividend payout | % | 5.8 | 28.3 | 20.6% | |
| Avg Mkt Cap | Rs m | 27,385 | 592,144 | 4.6% | |
| No. of employees | `000 | 2.8 | 30.3 | 9.3% | |
| Total wages/salary | Rs m | 6,632 | 62,299 | 10.6% | |
| Avg. sales/employee | Rs Th | 29,526.0 | 24,317.8 | 121.4% | |
| Avg. wages/employee | Rs Th | 2,353.6 | 2,056.1 | 114.5% | |
| Avg. net profit/employee | Rs Th | 807.2 | 862.0 | 93.6% | |
| INCOME DATA | |||||
|---|---|---|---|---|---|
| Net Sales | Rs m | 83,204 | 736,805 | 11.3% | |
| Other income | Rs m | 1,376 | 12,208 | 11.3% | |
| Total revenues | Rs m | 84,580 | 749,013 | 11.3% | |
| Gross profit | Rs m | 8,974 | 59,259 | 15.1% | |
| Depreciation | Rs m | 4,542 | 14,497 | 31.3% | |
| Interest | Rs m | 2,637 | 1,886 | 139.8% | |
| Profit before tax | Rs m | 3,171 | 55,084 | 5.8% | |
| Minority Interest | Rs m | -87 | -16,037 | 0.5% | |
| Prior Period Items | Rs m | 0 | 0 | - | |
| Extraordinary Inc (Exp) | Rs m | 0 | 0 | - | |
| Tax | Rs m | 809 | 12,929 | 6.3% | |
| Profit after tax | Rs m | 2,275 | 26,118 | 8.7% | |
| Gross profit margin | % | 10.8 | 8.0 | 134.1% | |
| Effective tax rate | % | 25.5 | 23.5 | 108.7% | |
| Net profit margin | % | 2.7 | 3.5 | 77.1% | |
| BALANCE SHEET DATA | |||||
|---|---|---|---|---|---|
| Current assets | Rs m | 51,236 | 883,270 | 5.8% | |
| Current liabilities | Rs m | 33,702 | 709,831 | 4.7% | |
| Net working cap to sales | % | 21.1 | 23.5 | 89.5% | |
| Current ratio | x | 1.5 | 1.2 | 122.2% | |
| Inventory Days | Days | 71 | 105 | 67.9% | |
| Debtors Days | Days | 71 | 92 | 77.5% | |
| Net fixed assets | Rs m | 45,542 | 146,474 | 31.1% | |
| Share capital | Rs m | 1,326 | 123,367 | 1.1% | |
| Net worth | Rs m | 30,645 | 293,477 | 10.4% | |
| Long term debt | Rs m | 23,991 | 19,519 | 122.9% | |
| Total assets | Rs m | 98,309 | 1,123,857 | 8.7% | |
| Interest coverage | x | 2.2 | 30.2 | 7.3% | |
| Debt to equity ratio | x | 0.8 | 0.1 | 1,177.1% | |
| Sales to assets ratio | x | 0.8 | 0.7 | 129.1% | |
| Return on assets | % | 5.0 | 2.5 | 200.5% | |
| Return on equity | % | 7.4 | 8.9 | 83.4% | |
| Return on capital | % | 10.5 | 13.1 | 80.1% | |
| CASH FLOW | |||||
|---|---|---|---|---|---|
| From Operations | Rs m | -1,549 | 64,672 | -2.4% | |
| From Investments | Rs m | 173 | -27,329 | -0.6% | |
| From Financial Activity | Rs m | 1,973 | -36,375 | -5.4% | |
| Net Cashflow | Rs m | 597 | 967 | 61.7% | |
Compare WELSPUN CORP With: DONGFANG ELEC. (China) ANSALDO STS (Italy) ABB (Switz.)
Compare WELSPUN CORP With: BANCO PROD. WENDT (INDIA) SANGHVI MOVERS APAR INDUSTRIES EASUN REYROLLE
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Asian stock markets opened mixed in early trade today. Hong Kong Hang Seng has advanced 143 points and China's Shanghai Composite has gained 9 points.
The company also saw order inflows of Rs 18 billion during the quarter, which was a massive 41% YoY lower than the previous year's quarter.
The domestic economy continues to grow largely in areas which are positively impacted through continuing government investments in infrastructure.
Decisions on government initiatives and private investments were stalled in anticipation of upcoming tax restructure.
Bank credit to industry remained muted and investment momentum was driven mostly by public sector spending.
Vast majority of private players remain more concerned with debt payback rather than starting new projects.
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