Welspun Enterprises: Steady Q1 Earnings Update, Healthy 30% YoY Growth In Revenue, EBITDA

News Par Views| Welspun Enterprises Q1 Profit Surges 18.2% -Exclusive Interview with MD Sandeep Garg

Welspun Enterprises on Thursday said it has reported an 18.2 per rise in consolidated profit to Rs 109.73 crore for the quarter ended June 2024.

Welspun Enterprises Q1 results: Net profit up by 18% to Rs 109.73 cr

Welspun Enterprises consolidated net profit rises 6.81% in the June 2024 quarter

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Welspun Enterprises acquired the stake from the existing shareholders for Rs 137.07 crore. MEPL will now become a subsidiary of Welspun Enterprises and enables the company’s expansion into the promising water and tunnelling solutions segment in India.

Welspun trades higher on buying out 50.10% stake in Michigan Engineers

CERC floats consultation paper on market coupling in power sector; Kempas Trade & Investment increases stake in Adani Enterprises; NFRA fines 3 entities for lapses in auditing of TDL; Welspun Enterprises acquires 50% stake in MEPL; Lemon Tree Hotels signs license agreements for two properties; Union…

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With the completion of the transaction, MEPL has become its subsidiary, Welspun Enterprises said in a statement.

Welspun Enterprises Buys 50% Stake In Michigan Engineers For Rs 137 Crore

Welspun Enterprises (WEL) has bought a 50.10% stake in engineering, procurement and construction firm Michigan Engineers. The transaction, valued at Rs 137.07 crore will enable WEL to expand its urban water infrastructure business, as well as enter the high-margin, high-growth trenchless technologie…

Welspun Enterprises acquires 50.10% stake in Michigan Engineers for Rs 137 crore

Welspun Enterprises’ June quarter net profit almost doubled to Rs 92.8 crore, while consolidated income was up 5 percent to Rs 750 crore

Welspun Enterprises hits 52-week high as consolidated net profit doubles in Q1

The acquisition is in line with the strategy of Welspun Enterprises to grow the water infrastructure business segment. This will enable its entry into the tunnelling business, which complements its existing water and road business.

Welspun Enterprises gains as board approves stake purchase in Michigan Engineers

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced and in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Not a good time to consider, stock is in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Welspun Enterprises Limited is a holding company that operates through infrastructure development segment.It has investment in renewable energy, and oil and gas exploration sectors.