Who are Welspun Enterprises's main competitors?

Named competitors: IRB Infrastructure Developers (IRB.NS), Ashoka Buildcon (ASHOKA.NS), Dilip Buildcon (DBL.NS). The cockpit's measured peer set (industry) also includes Acter Technology Integration (603163.SS), Yurtec (1934.T), East China Engineering Science and Technology (002140.SZ), Rosetti Marino (YRM.MI), Superloop (SLC.AX), Toenec (1946.T).

Is Welspun Enterprises expensive compared with its peers?

On forward p/e it trades at 22.3× against a peer median of 15.1×, 8th most expensive of 19 in its peer set.

How has Welspun Enterprises stock performed?

Over six months to 6 Nov 2026 the shares returned +29.1% against -21.2% for the median peer; over one year +22.1%.

← CockpitCompetitor Analysis › WELENT.NS Welspun Enterprises Ltd.Open in the cockpit ↗

Welspun Enterprises Ltd.WELENT.NSCompetitor analysis, valuation and peers

India · INR·Construction & Infra›Engineering & Construction

Welspun Group's infrastructure arm developing and operating toll roads and other infrastructure concessions in India.

Momentum leader 87

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$995M

US dollars, full cap

Free float

33%

of shares outstanding

$/day

$2.20M

20-day average traded

Fwd P/E

22.3×

forward earnings

ROIC−WACC

+1.0 pp

WACC 14.3%

Hurdle

n/a

no reverse DCF

Next earnings

89 days

3 Feb 2027

Close · INR₹677.30

1D-6.2%

1W+9.4%

1M-8.6%

3M+19.3%

6M+29.1%

YTD+30.2%

1Y+22.1%

ATR %4.9%

Beta0.93

52w lowhigh19.6% off high

What Welspun Enterprises does

Welspun Group's infrastructure arm developing and operating toll roads and other infrastructure concessions in India.

Products and services

Toll road development/operation
Water infrastructure projects

Customers

NHAI
State government infrastructure bodies

Where it sits in the supply chain

Infrastructure & construction
Roads & water concessions
BOT/HAM road operator

What could go right

Road/water infra award pipeline
Group diversification into infra

What could go wrong

Execution/funding delays
Traffic and payment risk on concessions

Moat: narrow (regulatory licence). Concession-based road assets generate annuity-like cash flow once operational.

Headquarters: Mumbai, India · Founded: 1994 · Employees: 945

Named competitors

Welspun Enterprises at a glance

Size Welspun Enterprises (WELENT.NS) is an India Industrials company (Engineering & Construction) with a market value of $995M, the 594th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹677.30 on 6 Nov 2026.

Performance Over six months the shares gained 29.1%, against -21.2% for the median peer and 0.0% for the India market (cap-weighted) — 4th highest of 21 in its peer set.

Growth Revenue grew 0.6% over the last twelve months (peer median +5.3%); the operating margin is 18.8% (peer median 6.7%).

Valuation It trades at 22.3× forward earnings against a peer median of 15.1× (8th most expensive of 19).

Capital Return on invested capital runs 1.0 points above its cost of capital (14.3% WACC).

Next results Next results expected around 3 Feb 2027 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: Welspun Enterprises against the median of its 20 peers (local-currency closes).

Welspun Enterprises financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	₹35.4B	₹34.6B	₹35.7B	₹28.6B	₹27.3B
Revenue growth	—	-3%	+25%	+5%	—
Gross profit	₹7.77B	₹6.39B	₹5.44B	₹4.70B	₹4.06B
EBITDA	₹7.16B	₹6.01B	₹5.13B	₹4.23B	₹2.17B
Net income	₹3.06B	₹3.50B	₹3.23B	₹2.95B	₹7.23B
Free cash flow	n/a	-₹678M	-₹4.22B	-₹4.68B	₹3.11B
Capital expenditure	n/a	₹340M	₹516M	₹706M	₹1.57B
Total debt	n/a	₹19.9B	₹15.0B	₹7.62B	₹7.64B

Quarterly statements and history in the cockpit →

Welspun Enterprises competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Welspun Enterprises is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Welspun Enterprises is the large dot.

Welspun Enterprises competitors and peer comparison

Head to head with its named competitors (WELENT.NS vs IRB.NS vs ASHOKA.NS vs DBL.NS)
Company	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g
Welspun Enterprises WELENT.NS	$995M	+29%	+1%	19%	22.3×	n/a
IRB Infrastructure Developers IRB.NS	$2.18B	-21%	-14%	27%	16.0×	9.2%
Ashoka Buildcon ASHOKA.NS	$303M	-27%	-25%	19%	15.0×	-10.6%
Dilip Buildcon DBL.NS	$688M	-17%	-19%	16%	25.7×	n/a

How Welspun Enterprises compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Welspun Enterprises against its 20 peers (data as of 6 Nov 2026)
Measure	WELENT.NS	Peer median	Rank in peer set
1-month return	-8.6%	-4.0%	6th lowest of 21
6-month return	+29.1%	-21.2%	4th highest of 21
Distance from 52-week high	-19.6%	-34.1%	6th highest of 21
Revenue growth (TTM)	+0.6%	+5.3%	7th lowest of 21
Operating margin	18.8%	6.7%	highest of 21
Forward P/E	22.3×	15.1×	8th most expensive of 19
ROIC minus cost of capital	+1.0 pp	+1.3 pp	10th highest of 19
EV / EBITDA	13.1×	6.4×	3rd most expensive of 11
Net debt / EBITDA	0.4×	-0.0×	7th most indebted of 14

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
Welspun Enterprises WELENT.NS	India	$995M	+29%	+1%	19%	22.3×	n/a	n/a
Acter Technology Integration 603163.SS	China	$997M	-32%	+1%	11%	28.4×	18.6%	+22.2%
Yurtec 1934.T	Japan	$998M	-8%	-2%	8%	11.0×	-6.2%	+5.1%
East China Engineering Science and Technology 002140.SZ	China	$1,000M	-24%	+9%	7%	11.6×	0.3%	+13.9%
Rosetti Marino YRM.MI	Italy	$1.01B	-9%	+14%	7%	27.6×	n/a	n/a
Superloop SLC.AX	Australia	$1.01B	-19%	+22%	5%	30.8×	28.0%	+47.3%
Toenec 1946.T	Japan	$1.01B	-32%	+2%	8%	7.9×	-2.3%	+4.8%
Kanadevia 7004.T	Japan	$979M	-23%	+8%	2%	6.3×	n/a	n/a
Guangzhou Metro Design & Research Institute 003013.SZ	China	$1.01B	+9%	-8%	15%	21.1×	n/a	n/a
RAIZNEXT 6379.T	Japan	$972M	+29%	+13%	8%	15.8×	-0.9%	+3.6%
Jiangsu Libert 605167.SS	China	$1.02B	-24%	-29%	8%	28.6×	n/a	n/a
JSTI 300284.SZ	China	$963M	-25%	-4%	1%	39.1×	10.5%	-5.4%
Shenzhen Cheng Chung Design 002811.SZ	China	$949M	+48%	+28%	13%	n/a	9.1%	-6.2%
HuaDian Heavy Industries 601226.SS	China	$1.04B	-32%	+18%	2%	29.5×	18.2%	+3.2%
KEC International KEC.NS	India	$939M	-46%	-2%	5%	13.3×	n/a	n/a
YIT YIT.HE	Finland	$938M	+45%	+10%	3%	75.2×	12.8%	-10.6%
Fugro FUR.AS	Netherlands	$1.06B	-29%	-11%	3%	n/a	n/a	n/a
Toa Corporation (Construction) 1885.T	Japan	$1.06B	-29%	+2%	7%	9.1×	-12.2%	+13.6%
Raito Kogyo 1926.T	Japan	$928M	-5%	+9%	13%	11.6×	-8.0%	+5.2%
Galliford Try GFRD.L	United Kingdom	$925M	+31%	+3%	3%	14.5×	-0.8%	+11.4%
Sentia SNTIA.OL	Norway	$924M	+8%	+15%	5%	14.3×	-11.1%	+4.2%

Questions

Who are Welspun Enterprises's main competitors?: Named competitors: IRB Infrastructure Developers (IRB.NS), Ashoka Buildcon (ASHOKA.NS), Dilip Buildcon (DBL.NS). The cockpit's measured peer set (industry) also includes Acter Technology Integration (603163.SS), Yurtec (1934.T), East China Engineering Science and Technology (002140.SZ), Rosetti Marino (YRM.MI), Superloop (SLC.AX), Toenec (1946.T).
Is Welspun Enterprises expensive compared with its peers?: On forward p/e it trades at 22.3× against a peer median of 15.1×, 8th most expensive of 19 in its peer set.
How has Welspun Enterprises stock performed?: Over six months to 6 Nov 2026 the shares returned +29.1% against -21.2% for the median peer; over one year +22.1%.