Sector Alpha Week of 2026-07-31
Sector Alpha — machine-written from the numbers · Data as of 2026-07-31

Welspun Living Ltd

WELSPUNLIV
Textiles - Home Textile

Welspun Living Ltd's price has outrun its earnings. +28.8% in a year against EPS −68.0% — the market is paying now for delivery later.

The sharpest disagreement: the price moved +28.8% in a year while annual EPS moved −68.0% — the difference is re-rating, and re-rating has to be repaid with earnings.

The price is in a confirmed uptrend (9 weeks in) while the P/E sits at the 99th percentile of its own 11-year range. Underneath, the last four quarters read deteriorating — profit −20.3% year on year, and 157% of the last 3 years' profit arrived as cash. What settles it: whether earnings grow into a price that has already moved.

Stage
Deteriorating
partial read
Price
₹156
+28.8% 1Y
P/E
68.7×
99th pctile
of its own 11-year range
Revenue (Mar 26)
₹2,435 Cr
−8.0% YoY
Profit (Mar 26)
₹106 Cr
−20.3% YoY
Operating margin
10.0%
−2.0 pp YoY
ROCE
6%
FY26
Cash conversion
157%
of profit, last 3 FY
Withheld from this page: Part of this page is deliberately not drawn: its two data sources disagree by up to 76% on reported income across 15 comparable periods, so nothing from the second source is placed here — the PEG ratio and its quarterly curve, the quarterly return curves, the annual return-on-invested-capital overlay, the total-debt and debt-to-equity series and the F-score and the return-on-invested-capital reading are absent for that reason. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data. The quarterly history also begins where the primary source begins: 5 earlier quarters the second source carries are not spliced in front of it. Extending a reported profit series is stricter than showing a ratio chart — it needs a source that has been checked.
01 · Price story

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Welspun Living Ltd trades at ₹156, in a confirmed uptrend and 9 weeks into that stage. That is +11.0% against its own 200-day average. It sits at 75% of a 52-week range of ₹112 to ₹171. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 23 straight weeks.

Today the stock is in a confirmed uptrend — week 9 of stage 2, confirmed. At ₹156 it trades +11.0% versus its 200-day average and sits at 75% of its 52-week range (₹112–₹171).

Jul 26: ₹156 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 3-year window.
+11.0% versus the 200-day line, week 9 of stage 2
Price50-day avg200-day avg
S2S4S4₹206₹174₹142₹109₹77.0₹156₹140Jul 23May 24Feb 25Nov 25Jul 26
S2S4S4₹206₹174₹142₹109₹77.0₹156₹140Jul 23Feb 25Jul 26
Beating or trailing, week by week since 2016 Each cell is one week from 2016 to now (546 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Apr 16Jul 26

Against the market, two honest reads. Cumulative: over the last 10.3 years the stock moved +58% while the NIFTY 500 moved +268% — behind the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 23 straight weeks — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

02 · Valuation

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Welspun Living Ltd trades at 68.7× P/E, about the priciest it has ever traded. Its long-run median P/E is 17.1×, measured across 10.5 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 68.7× is about the priciest it has ever traded, against a long-run median of 17.1× measured over 10.5 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

P/E 68.7× vs a 17.1× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 10.5-year window; loss-period spikes above 51× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
about the priciest it has ever traded
P/EMedianEPS (TTM) (quarterly)
55.1×₹9.941.3×₹7.527.6×₹5.013.9×₹2.50.0×₹0.0×51.30×₹2Feb 16Oct 18Jun 21Feb 24Jul 26
55.1×₹9.941.3×₹7.527.6×₹5.013.9×₹2.50.0×₹0.0×51.30×₹2Feb 16Jun 21Jul 26
P/E
68.7×
99th percentile of 11y

🚨 Why the multiple sits where it does: over the past year annual EPS moved −68.0% against a +28.8% price move — the price outran earnings, pushing the multiple UP its own range.

The price move, decomposed: over 5y, of the +3.2%/yr price move, ~−20.3%/yr came from earnings growth and ~+23.5 pp from the multiple (expanding); over 10y, of the +4.3%/yr price move, ~−11.4%/yr came from earnings growth and ~+15.7 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.

Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.

The PEG ratio and its quarterly curve, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 76% on reported income across 15 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

03 · Stage: Deteriorating

Stage: Deteriorating Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Welspun Living Ltd reads as deteriorating on its fundamental arc. Deteriorating — revenue, profit and EPS growth are shrinking (revenue growth −10.9% latest against +20.6% at its 12-quarter best), ROCE holding at 6.0%. The read is built from 8 quarters across 4 curves, on partial evidence.

Growth, year by year: revenue −10.9% in FY26, profit −66.9% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn.
Revenue YoYProfit YoYEPS YoY
30%280%19%186%6.9%93%−4.7%0.0%−16%−94%%%−10.9%−66.9%FY16FY21FY26
30%280%19%186%6.9%93%−4.7%0.0%−16%−94%%%−10.9%−66.9%FY16FY21FY26
Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. A missing point means that reading is not held for the quarter.
the trajectory the stage is read from · revenue rolling over, profit rolling over
RevenueProfitEPS
23%126%14%74%4.9%22%−4.3%−30%−13%−82%%%−10.9%−66.9%−67.9%Jun 23Sep 24Mar 26
23%126%14%74%4.9%22%−4.3%−30%−13%−82%%%−10.9%−66.9%−67.9%Jun 23Sep 24Mar 26
ROCE Annual readings — the quarterly balance-sheet pieces this curve needs are not held for this stock, so the returns read moves once a year and carries less weight in the call.
the return curve, annual readings
ROCE
17%14%11%8.1%5.2%%6%FY23FY24FY26
17%14%11%8.1%5.2%%6%FY23FY24FY26
Revenue growth
Falling
latest −10.9% · span −10.9% to +20.6%
Profit growth
Falling
latest −66.9% · span −66.9% to +102.4%
EPS growth
Falling
latest −67.9% · span −67.9% to +112.0%
ROCE
Stuck low
latest 6.0% · span 6.0%–16.0%

🚨 Why it matters: falling curves mean every cheap-looking ratio below needs a discount for direction.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.

Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue−10.9%+5.1%+5.1%+4.7%
Profit−66.9%+1.6%−17.3%−11.8%
EPS−68.0%+2.5%−16.9%−11.6%
Share price+28.8%+15.8%+3.2%+4.3%
Revenue YoY (Mar 26)
−8.0%
latest quarter vs a year ago
Profit YoY (Mar 26)
−20.3%
latest quarter vs a year ago
Revenue 10y
4.7%
long-run compound pace
04 · 4-Factor Sector Score

4-Factor Sector Score

35.4/100 — rank 5 of 5 in Textiles - Home Textile · 78% evidence confidence

Welspun Living Ltd scores 35.4 out of 100 against the 5 companies it is compared with in Textiles - Home Textile, ranking 5. Price leads the evidence: RS versus the benchmark is 16%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

The four contributions add to the total exactly: 6 + 7.9 + 5.6 + 15.9 = 35.4. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

05 · Revenue

Revenue Revenue is the top line: everything the company billed its customers in the period.

Welspun Living Ltd reported ₹2,435 Cr of revenue in the Mar 26 quarter, −8.0% year on year. Over 10 years it has compounded at 4.7% a year. The last full year, FY26, came in at ₹9,399 Cr. The last four reported quarters add to ₹9,399 Cr.

FY26 revenue came in at ₹9,399 Cr (−10.9% on the year), capping 10 years at 4.7% compound. The latest quarter (Mar 26) printed ₹2,435 Cr, −8.0% year on year.

FY26 revenue ₹9,399 Cr (−10.9% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
4.7% a year over 10 years
RevenueYoY growth
11.4k30%8.5k19%5.7k6.9%2.8k−4.7%0−16%₹ Cr%₹9,399−10.9%FY16FY21FY26
11.4k30%8.5k19%5.7k6.9%2.8k−4.7%0−16%₹ Cr%₹9,399−10.9%FY16FY21FY26
Mar 26: ₹2,435 Cr (−8.0% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Revenue (quarterly)YoY growth
3.1k33%2.3k20%1.6k7.0%776−5.8%0−19%₹ Cr%₹2,435−8%Jun 23Sep 24Mar 26
3.1k33%2.3k20%1.6k7.0%776−5.8%0−19%₹ Cr%₹2,435−8%Jun 23Sep 24Mar 26

Pace check: the last four quarters averaged −10.8% growth against the decade's 4.7% — the current year is running slower than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew −10.9% over the last 4 quarters against −1.5%/yr over the last 8 — rolling over; TTM profit −66.9% vs −43.7%/yr — rolling over.

06 · Operating margin

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Welspun Living Ltd's operating margin is 10.0% in the Mar 26 quarter, −2.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 8.0% to 27.0%. The current quarter sits inside that band.

The latest quarter's operating margin is 10.0%, −2.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 8.0%–27.0%.

🚨 Why the margin moved: operating margin went −1.7 pp year on year while gross margin went +0.5 pp — the loss came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.

FY26: 8.0% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 13-year window.
within a 8.0–27.0% band over 13 years
operating marginYoY change (pp)
29%5.9%23%2.7%18%−0.5%12%−3.7%6.5%−6.9%%%8%−4%FY14FY20FY26
29%5.9%23%2.7%18%−0.5%12%−3.7%6.5%−6.9%%%8%−4%FY14FY20FY26
Mar 26: 10.0% operating margin (−2.0 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
15%9.1%12%5.1%10%1.0%7.7%−3.1%5.4%−7.1%%%10%−2%Jun 23Sep 24Mar 26
15%9.1%12%5.1%10%1.0%7.7%−3.1%5.4%−7.1%%%10%−2%Jun 23Sep 24Mar 26
07 · Net profit

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Welspun Living Ltd earned ₹106 Cr of net profit in the Mar 26 quarter, −20.3% year on year. Full-year FY26 profit was ₹213 Cr. The 10-year compound rate is −11.8%. That is 4.4% of the quarter's revenue. The same quarter a year earlier earned ₹133 Cr.

Mar 26 profit was ₹106 Cr, −20.3% year on year. On the full year, FY26 printed ₹213 Cr (−66.9%), and the 10-year compound rate is −11.8%.

FY26 profit ₹213 Cr (−66.9% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
−11.8% a year over 10 years
Net profitYoY growth
809255%607169%40482%202−4.2%0−91%₹ Cr%₹213−66.9%FY16FY21FY26
809255%607169%40482%202−4.2%0−91%₹ Cr%₹213−66.9%FY16FY21FY26
Mar 26: ₹106 Cr (−20.3% YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Net profit (quarterly)YoY growth
2182,600%1641,876%1091,151%55427%0−297%₹ Cr%₹106−20.3%Jun 23Sep 24Mar 26
2182,600%1641,876%1091,151%55427%0−297%₹ Cr%₹106−20.3%Jun 23Sep 24Mar 26

🚨 Why profit moved: revenue contributed −8.0% and the margin −2.0 pp — the quarter was revenue-led despite a thinner margin.

Pace comparison, last four quarters: profit −65.7% vs revenue −10.8%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.

08 · Cash flow — the router

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years 157% of Welspun Living Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹1,175 Cr of operating cash against ₹213 Cr of profit. After ₹721 Cr of capital spending, ₹454 Cr was left as free cash.

FY26: operating cash of ₹1,175 Cr against reported profit of ₹213 Cr, leaving free cash of ₹454 Cr after ₹721 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 157% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

FY26: CFO ₹1,175 Cr vs profit ₹213 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 11-year window, annual resolution.
157% of 3-year profit arrived as cash
Operating cashNet profitFree cash
1.5k1.0k552101−349₹ Cr₹1,175₹213₹454FY16FY21FY26
1.5k1.0k552101−349₹ Cr₹1,175₹213₹454FY16FY21FY26
FY26: CFO = 552% of profit (three-year rate 157%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash; outlier years shown pinned.
Conversion100%
318%254%190%125%61%%300%FY16FY21FY26
318%254%190%125%61%%300%FY16FY21FY26

Why conversion sits at 157%: the cash cycle tightened 20 days between FY21 and FY26 — cash that used to wait in the cycle now reaches the bank sooner.

Router verdict: the bigger cash user is investment — capital spending ran 1.7× depreciation over three years, so the next section's job is to check what that build-out is buying.

09 · Where the cash goes

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Welspun Living Ltd's cash conversion cycle runs 108 days in FY26, down from 128 days in FY21. Capital spending ran ₹1,926 Cr over the last 3 years. At FY26 sales of ₹9,399 Cr each day of that cycle holds about ₹25.8 Cr, so roughly ₹2,781 Cr sits inside the business at any moment.

FY26: debtors at 51 days, inventory at 157 days — roughly 5.2 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 108 days, tighter than FY21's 128.

The full loop: cash goes out to suppliers and production on day 0; stock waits 157 days to sell; customers pay about 51 days after that; and suppliers themselves are paid at 99 days — netting out to the 108-day cycle.

In money terms: at FY26 sales of ₹9,399 Cr, each day of the cycle holds about ₹25.8 Cr — so the 108-day loop keeps roughly ₹2,781 Cr sitting inside the business at any moment.

FY26: a 108-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 13-year window.
−20 days vs FY21
Cash cycleInventory daysDebtor daysPayable days
1961521086319days108d157d51d99dFY14FY17FY20FY23FY26
1961521086319days108d157d51d99dFY14FY20FY26

On the investment side: capital spending of ₹1,926 Cr over the last 3 fiscal years against ₹1,161 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹258 Cr (FY26) — capacity paid for but not yet earning.

FY26: capex ₹721 Cr, work-in-progress ₹258 Cr Capital spending per fiscal year, ₹ Cr (bars); capital work-in-progress, ₹ Cr (line). Quarterly capital-spending history is not held for India — annual is the honest resolution.
a build-out
CapexWork-in-progress
1.2k9076053020₹ Cr₹721₹258FY16FY18FY21FY23FY26
1.2k9076053020₹ Cr₹721₹258FY16FY21FY26

The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.

10 · Return on capital

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Welspun Living Ltd earns a ROCE of 6% in FY26. That is up from a trough of 6% in FY23. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 2.3% net margin on 0.90× asset turns.

FY26 ROCE is 6%, recovered from a FY23 trough of 6% — the full ladder below shows the fall and the climb, undoctored.

Why the return is what it is — the wiring (FY26): 2.3% net margin × 0.90× asset turns × 2.13× balance-sheet leverage ≈ 4.4% on equity. Margin does its share; leverage is a meaningful part of the equation.

FY26: ROCE 6% Return on capital employed by fiscal year, % (line). 13-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the climb back from FY23's 6%
ROCEWACC
29%23%17%10%4.3%%6%FY14FY17FY20FY23FY26
29%23%17%10%4.3%%6%FY14FY20FY26

The quarterly return curves and the return-on-invested-capital overlay, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 76% on reported income across 15 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

11 · Debt

Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.

Welspun Living Ltd carries ₹2,315 Cr of borrowings against ₹4,917 Cr of equity in FY26, a debt-to-equity of 0.47. Operating profit covers the interest bill 5×. Over 5 years borrowings went from ₹2,940 Cr to ₹2,315 Cr. Capital spending ran ₹1,926 Cr across the last 3 of those years.

FY26: borrowings of ₹2,315 Cr against equity of ₹4,917 Cr — a debt-to-equity of 0.47. Operating profit covers the interest bill 5×. Over 5 years borrowings went from ₹2,940 Cr to ₹2,315 Cr while capital spending ran ₹1,926 Cr in just the last 3 — the build-out is being paid for out of cash, not debt.

FY26: borrowings ₹2,315 Cr at 0.47× equity Borrowings by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 13-year window. Quarterly balance-sheet history is not held for India — annual is the honest resolution.
debt is falling while the business grows
BorrowingsDebt-to-equity
3.8k2.9×2.9k2.3×1.9k1.6×9510.9×00.3×₹ Cr×₹2,3150.47×FY14FY17FY20FY23FY26
3.8k2.9×2.9k2.3×1.9k1.6×9510.9×00.3×₹ Cr×₹2,3150.47×FY14FY20FY26

The total-debt and debt-to-equity series, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 76% on reported income across 15 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

12 · Ownership

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Domestic institutions added 5.9 points of Welspun Living Ltd over 8 quarters, the biggest move on the register. That takes domestic institutions to 11.4% of the company. Promoters moved −4.1 points over the same window, to 66.4%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Domestic institutions: +5.9 points over 8 quarters to 11.4%; Promoters: −4.1 points over 8 quarters to 66.4%; Foreign institutions: −0.7 points over 8 quarters to 5.2%.

Why the register moved: domestic institutions drove it (+5.9 points), absorbed on the other side by promoters (−4.1 points) — steady accumulation by institutions reading the same numbers this page reads.

Fiscal-year ends: promoters −4.3 pts from Mar 24 to Mar 26 Shareholding at each fiscal-year end (March quarter), % of the company. 3 year-ends held.
PromotersForeign inst.Domestic inst.Public
76%57%38%19%0.0%%66.2%5.0%11.2%17.2%Mar 24Mar 25Mar 26
76%57%38%19%0.0%%66.2%5.0%11.2%17.2%Mar 24Mar 25Mar 26
Domestic institutions added 5.9 points over 8 quarters Shareholding by holder class, % of the company, quarterly, last 13 quarters.
PromotersForeign inst.Domestic inst.Public
76%57%38%19%0.0%%66.4%5.2%11.4%16.7%Jun 23Dec 24Jun 26
76%57%38%19%0.0%%66.4%5.2%11.4%16.7%Jun 23Dec 24Jun 26
13 · Safety line

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Welspun Living Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

14 · Related companies · Textiles - Home Textile
CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Trident LtdTRIDENT 63.3/100Mixed-positive evidence94% evidence ASLEEP 22.7/35 Revenue -2.5% · PAT -9.4% · OPM change 0 pp 100% evidence 15.4/25 ROCE 9.8% · OPM 17% 100% evidence 16.0/20 P/E 31.9× · PEG 0.81 100% evidence 9.2/20 RS sector 2.7% · RS bench -8.1% · 1Y -21.5%0 of 10 weeks ahead 70% evidence
Exact sum: 22.7 + 15.4 + 16 + 9.2 = 63.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2Faze Three LtdFAZE3Q 50.1/100Mixed-positive evidence77% evidence TURNING 20.9/35 Revenue 33.8% · PAT -15% · OPM change 0 pp 83% evidence 12.0/25 ROCE 9.2% · OPM 12% 95% evidence 8.9/20 P/E 38.9× · PEG — 50% evidence 8.3/20 RS sector -3.6% · RS bench 9.1% · 1Y -22.3%8 of 10 weeks ahead 70% evidence
Exact sum: 20.9 + 12 + 8.9 + 8.3 = 50.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3Indo Count Industries LtdICIL 47.5/100Mixed-negative evidence90% evidence TURNING 12.4/35 Revenue -0.2% · PAT -49.6% · OPM change -1 pp 88% evidence 7.6/25 ROCE 8.1% · OPM 8% 100% evidence 10.5/20 P/E 62.7× · PEG 0.9 100% evidence 17.0/20 RS sector 11.6% · RS bench 35% · 1Y 37.3%10 of 11 weeks ahead 70% evidence
Exact sum: 12.4 + 7.6 + 10.5 + 17 = 47.5 · Decision use: Price leads the evidence: RS versus the benchmark is 35%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
4Himatsingka Seide LtdHIMATSEIDE 36.4/100Mixed-negative evidence77% evidence ASLEEP 9.9/35 Revenue -9.5% · PAT -18.5% · OPM change -9.9 pp 83% evidence 10.1/25 ROCE 8.8% · OPM 8.1% 95% evidence 13.4/20 P/E 16.1× · PEG — 50% evidence 3.0/20 RS sector -26.7% · RS bench -24% · 1Y -48.9%1 of 10 weeks ahead 70% evidence
Exact sum: 9.9 + 10.1 + 13.4 + 3 = 36.4 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
5Welspun Living Ltdthis pageWELSPUNLIV 35.4/100Mixed-negative evidence78% evidence BREAKING OUT 6.0/35 Revenue -10.9% · PAT -66.9% · OPM change -2 pp 83% evidence 7.9/25 ROCE 6.3% · OPM 10% 76% evidence 5.6/20 P/E 68.7× · PEG — 50% evidence 15.9/20 RS sector 10.3% · RS bench 16% · 1Y 13.9%10 of 12 weeks ahead 100% evidence
Exact sum: 6 + 7.9 + 5.6 + 15.9 = 35.4 · Decision use: Price leads the evidence: RS versus the benchmark is 16%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

15 · Frequently asked questions

Frequently asked questions

What is Welspun Living Ltd's share price today?

Welspun Living Ltd trades at ₹156, +28.8% over the past year. The company is valued at ₹14,957 Cr. The stock sits at 75% of its 52-week range of ₹112–₹171, +11.0% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 9 weeks in. — as of 31 July 2026.

What were Welspun Living Ltd's latest quarterly results?

Welspun Living Ltd reported revenue of ₹2,435 Cr and net profit of ₹106 Cr for the Mar 26 quarter. Revenue fell 8.0% and profit fell 20.3% year on year. Earnings per share were ₹1.08. The operating margin was 10.0%, 2.0 pp lower than a year earlier. — as of 31 July 2026.

What is Welspun Living Ltd's revenue?

Welspun Living Ltd reported revenue of ₹2,435 Cr in the Mar 26 quarter, −8.0% year on year. For the full FY26 fiscal year, revenue was ₹9,399 Cr (−10.9%). Over the last 10 years revenue compounded at 4.7% a year. — as of 31 July 2026.

What is Welspun Living Ltd's profit?

Welspun Living Ltd earned ₹106 Cr of net profit in the Mar 26 quarter, −20.3% year on year. Full-year FY26 profit was ₹213 Cr. The operating margin ran 10.0% in the latest quarter. — as of 31 July 2026.

What is Welspun Living Ltd's market cap?

Welspun Living Ltd's market capitalisation is ₹14,957 Cr at a share price of ₹156. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 31 July 2026.

What is Welspun Living Ltd's P/E ratio?

Welspun Living Ltd trades at a P/E of 68.7×, at the 99th percentile of its own 11-year range, against a long-run median of 17.1×. This is a comparison with the stock's own history, not a value call — as of 31 July 2026.

Does Welspun Living Ltd pay a dividend?

Yes — Welspun Living Ltd's dividend payout was 5% of profit in FY26, and it recorded a payout in each of its last 13 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 31 July 2026.

Is Welspun Living Ltd overvalued?

On its own history, Welspun Living Ltd looks expensive against its own history: its P/E of 68.7× sits at the 99th percentile of its 11-year range (long-run median 17.1×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 31 July 2026.

Is Welspun Living Ltd growing?

Not right now — Welspun Living Ltd's latest numbers are shrinking: latest-quarter revenue −8.0% year on year, profit −20.3%, and the margin −2.0 pp at 10.0%. The 10-year compound rates are 4.7% (revenue) and −11.8% (profit). The earnings engine currently reads: deteriorating — as of 31 July 2026.

How is Welspun Living Ltd performing?

Welspun Living Ltd is in a confirmed uptrend, 9 weeks in. Its latest quarter's revenue fell 8.0% and profit fell 20.3% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 23 weeks. This describes what the data did, not a rating. — as of 31 July 2026.

What stage is Welspun Living Ltd in?

Deteriorating — revenue, profit and EPS growth are shrinking (revenue growth −10.9% latest against +20.6% at its 12-quarter best), ROCE holding at 6.0%. The read comes from the last 12 quarters of growth (revenue growth −10.9% latest, profit growth −66.9% latest, eps growth −67.9% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 31 July 2026.

Is Welspun Living Ltd in an uptrend?

Yes — the price is in a confirmed uptrend (week 9 of stage 2), trading +11.0% versus its 200-day average and at 75% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 31 July 2026.

Is Welspun Living Ltd beating the market?

On recent form, yes — Welspun Living Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 23 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.3 years the stock moved +58% against the NIFTY 500's +268% — behind the index over the full window. — as of 31 July 2026.

Will Welspun Living Ltd's share price go up?

This page publishes no price forecast for Welspun Living Ltd. What it measures instead: the share price is ₹156, the price is in a confirmed uptrend 9 weeks in. Its P/E of 68.7× sits at the 99th percentile of its own 11-year range. — as of 31 July 2026.

Who owns Welspun Living Ltd?

Promoters hold 66.4% of Welspun Living Ltd, foreign institutions 5.2%, domestic institutions 11.4% and the public 16.7% (latest quarter). The biggest move on the register over the last two years: Domestic institutions added 5.9 points over 8 quarters. — as of 31 July 2026.

Does Welspun Living Ltd have too much debt?

It is moderate — Welspun Living Ltd's debt-to-equity is 0.47, and operating profit covers the interest bill 5×. FY26 borrowings were ₹2,315 Cr against equity of ₹4,917 Cr. Read the returns on this page with that leverage in mind — as of 31 July 2026.

What is Welspun Living Ltd's capex?

Welspun Living Ltd spent ₹1,926 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹721 Cr, with ₹258 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 31 July 2026.

What is Welspun Living Ltd's cash flow?

Welspun Living Ltd generated ₹1,175 Cr of operating cash flow in FY26 and ₹454 Cr of free cash flow after ₹721 Cr of capital spending. Reported profit that year was ₹213 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 31 July 2026.

Is Welspun Living Ltd's profit real cash?

Yes — over the last 3 fiscal years, 157% of Welspun Living Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹1,175 Cr against reported profit of ₹213 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 31 July 2026.

Where is Welspun Living Ltd in its business cycle?

Welspun Living Ltd's FY26 operating margin was 8.0%, against a 13-year band of 8.0%–27.0%: the low end of its own band, which is where recoveries start when they come. The latest quarter ran 10.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 31 July 2026.

What could break the Welspun Living Ltd story?

The sharpest disagreement: the price moved +28.8% in a year while annual EPS moved −68.0% — the difference is re-rating, and re-rating has to be repaid with earnings. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 31 July 2026.

Is Welspun Living Ltd a stock worth studying right now?

This is not investment advice. The machine read: Welspun Living Ltd's price has outrun its earnings. +28.8% in a year against EPS −68.0% — the market is paying now for delivery later. The sharpest open question: whether earnings grow into a price that has already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 31 July 2026.

Chat with this pageChat with pageChatChatGPTClaudePerplexityGoogle AI