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Compare Welspun Corp with GRINDWELL NORTON - Equitymaster
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WELSPUN CORP vs GRINDWELL NORTON - Comparison Results

WELSPUN CORP    Change

Welspun 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

GRINDWELL NORTON 
   Change

Grindwell Norton Ltd. (GNL) is a 51% subsidiary of Compaigne de Saint-Gobain (a Euro 30 bn French company) which manufactures bonded abrasives, coated abrasive products, super abrasives, engineered ceramics, and engineered fluids. The company's manuf... More

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Current Valuations

    WELSPUN CORP GRINDWELL NORTON WELSPUN CORP/
GRINDWELL NORTON
 
P/E (TTM) x 21.2 43.6 48.7% View Chart
P/BV x 1.4 6.3 22.8% View Chart
Dividend Yield % 0.3 0.8 39.8%  

Financials

 WELSPUN CORP   GRINDWELL NORTON
EQUITY SHARE DATA
    WELSPUN CORP
Mar-17
GRINDWELL NORTON
Mar-17
WELSPUN CORP/
GRINDWELL NORTON
5-Yr Chart
Click to enlarge
High Rs93749 12.4%   
Low Rs69309 22.4%   
Sales per share (Unadj.) Rs222.4114.1 194.9%  
Earnings per share (Unadj.) Rs0.410.9 3.5%  
Cash flow per share (Unadj.) Rs14.914.7 101.4%  
Dividends per share (Unadj.) Rs0.504.00 12.5%  
Dividend yield (eoy) %0.60.8 81.8%  
Book value per share (Unadj.) Rs110.280.7 136.6%  
Shares outstanding (eoy) m265.23110.72 239.6%   
Bonus/Rights/Conversions -B-  
Price / Sales ratio x0.44.6 7.8%   
Avg P/E ratio x211.848.4 437.4%  
P/CF ratio (eoy) x5.435.9 15.1%  
Price / Book Value ratio x0.76.6 11.2%  
Dividend payout %131.036.6 357.7%   
Avg Mkt Cap Rs m21,43158,527 36.6%   
No. of employees `0002.71.9 145.6%   
Total wages/salary Rs m4,3061,702 253.0%   
Avg. sales/employee Rs Th21,903.86,829.0 320.7%   
Avg. wages/employee Rs Th1,598.8920.1 173.8%   
Avg. net profit/employee Rs Th37.6653.5 5.8%   
INCOME DATA
Net Sales Rs m58,98712,634 466.9%  
Other income Rs m2,246309 728.0%   
Total revenues Rs m61,23312,942 473.1%   
Gross profit Rs m5,1241,931 265.3%  
Depreciation Rs m3,861423 913.8%   
Interest Rs m2,35720 11,726.9%   
Profit before tax Rs m1,1521,797 64.1%   
Minority Interest Rs m-7930-   
Prior Period Items Rs m00-   
Extraordinary Inc (Exp) Rs m00-   
Tax Rs m258588 43.9%   
Profit after tax Rs m1011,209 8.4%  
Gross profit margin %8.715.3 56.8%  
Effective tax rate %22.432.7 68.4%   
Net profit margin %0.29.6 1.8%  
BALANCE SHEET DATA
Current assets Rs m4,2966,748 63.7%   
Current liabilities Rs m3,0222,615 115.5%   
Net working cap to sales %2.232.7 6.6%  
Current ratio x1.42.6 55.1%  
Inventory Days Days10971 153.9%  
Debtors Days Days9137 246.3%  
Net fixed assets Rs m33,8813,743 905.1%   
Share capital Rs m1,326554 239.5%   
"Free" reserves Rs m27,9048,377 333.1%   
Net worth Rs m29,2308,930 327.3%   
Long term debt Rs m15,24219 79,382.8%   
Total assets Rs m82,46912,099 681.6%  
Interest coverage x1.590.4 1.6%   
Debt to equity ratio x0.50 24,252.8%  
Sales to assets ratio x0.71.0 68.5%   
Return on assets %3.010.2 29.3%  
Return on equity %0.313.5 2.6%  
Return on capital %6.120.3 30.1%  
Exports to sales %00-   
Imports to sales %00-   
Exports (fob) Rs mNANA-   
Imports (cif) Rs mNANA-   
Fx inflow Rs m13,2491,953 678.4%   
Fx outflow Rs m29,9593,866 774.9%   
Net fx Rs m-16,710-1,913 873.3%   
CASH FLOW
From Operations Rs m1691,611 10.5%  
From Investments Rs m6,511-328 -1,983.9%  
From Financial Activity Rs m-6,25225 -25,208.5%  
Net Cashflow Rs m4190-  

Share Holding

Indian Promoters % 36.0 7.7 467.5%  
Foreign collaborators % 2.4 51.3 4.7%  
Indian inst/Mut Fund % 8.4 10.1 83.0%  
FIIs % 6.5 3.0 216.7%  
ADR/GDR % 8.8 0.0 -  
Free float % 37.9 27.9 135.8%  
Shareholders   63,268 12,133 521.5%  
Pledged promoter(s) holding % 0.0 0.0 -  
NM: Not Meaningful
Source: Company Annual Reports, Regulatory Filings, Equitymaster

Compare WELSPUN CORP With:   FINOLEX CABLES  BLUE STAR  JYOTI STRUCTURE  TRF LTD  BHARAT ELECTRONICS  

Compare WELSPUN CORP With:   DONGFANG ELEC. (China)  ANSALDO STS (Italy)  SHANGHAI ELEC. (China)  ABB (Switz.)  



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Feb 16, 2018 (Close)

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