Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Welspun Specialty Solutions Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 137.80 | 162.83 | 207.82 | 174.75 | 151.27 | 162.10 | 167.42 | 194.05 | 200.15 | 201.32 | 239.08 | 226.05 | 219.75 |
| Expenses + | 119.72 | 142.99 | 195.82 | 162.83 | 139.20 | 151.25 | 164.66 | 186.59 | 190.42 | 197.01 | 224.62 | 209.09 | 208.59 |
| Operating Profit | 18.08 | 19.84 | 12.00 | 11.92 | 12.07 | 10.85 | 2.76 | 7.46 | 9.73 | 4.31 | 14.46 | 16.96 | 11.16 |
| OPM % | 13.12% | 12.18% | 5.77% | 6.82% | 7.98% | 6.69% | 1.65% | 3.84% | 4.86% | 2.14% | 6.05% | 7.50% | 5.08% |
| Other Income + | 2.99 | 3.46 | 5.71 | 7.19 | 5.14 | 5.93 | 5.56 | 5.52 | 8.37 | 9.70 | 3.63 | 2.81 | 1.85 |
| Interest | 9.25 | 8.36 | 8.62 | 9.10 | 7.17 | 10.28 | 10.60 | 12.37 | 10.71 | 10.80 | 4.36 | 5.90 | 4.75 |
| Depreciation | 3.76 | 3.80 | 3.89 | 3.91 | 3.88 | 3.90 | 4.07 | 4.21 | 4.01 | 3.96 | 4.08 | 4.36 | 4.31 |
| Profit before tax | 8.06 | 11.14 | 5.20 | 6.10 | 6.16 | 2.60 | -6.35 | -3.60 | 3.38 | -0.75 | 9.65 | 9.51 | 3.95 |
| Tax % | 0.00% | 0.00% | 0.00% | 0.00% | -549.84% | 25.00% | 0.00% | 0.00% | -5.33% | 0.00% | 0.00% | 0.00% | -7.85% |
| Net Profit + | 8.06 | 11.14 | 5.20 | 6.10 | 40.03 | 1.95 | -6.35 | -3.60 | 3.56 | -0.75 | 9.65 | 9.51 | 4.26 |
| EPS in Rs | 0.12 | 0.17 | 0.08 | 0.09 | 0.60 | 0.03 | -0.10 | -0.05 | 0.05 | -0.01 | 0.15 | 0.14 | 0.06 |
Financials of Welspun Specialty Solutions Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 332 | 267 | 262 | 240 | 441 | 295 | 93 | 163 | 418 | 697 | 724 | 886 |
| Expenses + | 341 | 280 | 277 | 251 | 477 | 366 | 113 | 182 | 401 | 641 | 693 | 839 |
| Operating Profit | -9 | -13 | -15 | -11 | -36 | -71 | -20 | -18 | 17 | 56 | 31 | 47 |
| OPM % | -3% | -5% | -6% | -4% | -8% | -24% | -21% | -11% | 4% | 8% | 4% | 5% |
| Other Income + | 34 | 5 | 9 | 10 | 32 | 15 | 138 | 19 | 15 | 22 | 25 | 18 |
| Interest | 50 | 46 | 45 | 47 | 9 | 15 | 11 | 19 | 30 | 33 | 44 | 26 |
| Depreciation | 12 | 7 | 7 | 7 | 7 | 10 | 14 | 14 | 15 | 15 | 16 | 17 |
| Profit before tax | -37 | -60 | -58 | -55 | -20 | -81 | 93 | -32 | -14 | 29 | -4 | 22 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | -118% | 2% | -1% |
| Net Profit + | -37 | -60 | -58 | -55 | -20 | -81 | 93 | -32 | -14 | 62 | -4 | 23 |
| EPS in Rs | -2.70 | -4.43 | -4.31 | -4.02 | -0.46 | -1.33 | 1.41 | -0.49 | -0.21 | 0.94 | -0.06 | 0.34 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Welspun Specialty Solutions Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 65 | 65 | 65 | 65 | 208 | 293 | 318 | 318 | 318 | 318 | 398 | 398 |
| Reserves | -264 | -304 | -510 | -391 | -420 | -398 | -279 | -274 | -289 | -225 | 37 | 59 |
| Borrowings + | 416 | 418 | 607 | 800 | 410 | 374 | 172 | 241 | 233 | 260 | 21 | 35 |
| Other Liabilities + | 77 | 68 | 50 | 107 | 214 | 60 | 89 | 88 | 214 | 235 | 273 | 379 |
| Total Liabilities | 293 | 246 | 212 | 582 | 412 | 329 | 300 | 372 | 477 | 587 | 728 | 871 |
| Fixed Assets + | 123 | 118 | 110 | 105 | 100 | 219 | 224 | 212 | 207 | 198 | 195 | 203 |
| CWIP | 1 | 0 | 0 | 7 | 85 | 12 | 5 | 6 | 1 | 5 | 2 | 49 |
| Investments | 0 | 0 | 0 | 67 | 0 | 0 | 0 | 0 | 0 | 0 | 24 | 144 |
| Other Assets + | 169 | 129 | 101 | 402 | 227 | 99 | 71 | 154 | 268 | 384 | 506 | 476 |
| Total Assets | 293 | 246 | 212 | 582 | 412 | 329 | 300 | 372 | 477 | 587 | 728 | 871 |
Financials of Welspun Specialty Solutions Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -15 | 25 | 18 | -5 | -2 | -27 | 43 | -84 | 50 | 7 | 58 | 128 |
| Cash from Investing Activity + | -2 | -1 | 4 | -74 | -18 | -48 | -9 | -4 | -5 | -12 | -39 | -177 |
| Cash from Financing Activity + | 14 | -25 | -24 | 320 | -222 | 74 | -34 | 93 | -50 | 5 | 53 | -12 |
| Net Cash Flow | -3 | -1 | -2 | 241 | -243 | 0 | 0 | 5 | -5 | -0 | 72 | -61 |
| Free Cash Flow | -17 | 24 | 18 | -17 | -82 | -83 | 31 | -88 | 45 | -5 | 42 | 67 |
| CFO/OP | 166% | -196% | -117% | 48% | 6% | 38% | -210% | 450% | 291% | 14% | 189% | 274% |
Financials of Welspun Specialty Solutions Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 73 | 89 | 58 | 122 | 59 | 13 | 40 | 34 | 36 | 25 | 62 | 59 |
| Inventory Days | 74 | 106 | 121 | 179 | 159 | 112 | 337 | 431 | 289 | 223 | 189 | 153 |
| Days Payable | 101 | 130 | 93 | 202 | 169 | 65 | 116 | 255 | 291 | 173 | 201 | 214 |
| Cash Conversion Cycle | 46 | 65 | 86 | 99 | 50 | 60 | 261 | 211 | 34 | 76 | 51 | -2 |
| Working Capital Days | -92 | -16 | -87 | -405 | -126 | -150 | 101 | 138 | 34 | -9 | 62 | 66 |
| ROCE % | -8% | -9% | -9% | -4% | -12% | -33% | -13% | -6% | 6% | 20% | 10% | 10% |