Welspun Enterprises Ltd. · NSE:WELENT
Welspun Enterprises — Investor Day (November 2025)
43 slides from Welspun Enterprises's investor day presentation, Nov 13, 2025
Slide 1: Stock exchange cover letter for Investor Day presentation
WEL/SEC/2025 November 13, 2025 To, BSE Limited National Stock Exchange of India Limited Corporate Relationship Department, Exchange Plaza, 5th Floor, Plot No. C-1, Block-G, 2nd Floor, New Trading Wing, Rotunda Bandra-Kurla Complex, Building, P.J. Towers, Dalal Street, Bandra (East), Mumbai – 400 001
Slide 2: Investor Day
Investor Day Date: 13th November, 2025
Slide 3: About WEL
About WEL Welspun Enterprises Ltd. WEL along with its The Company also has (WEL) is part of USD 5 Bn. subsidiary Welspun investments in Oil & Gas Welspun World, focusing on Michigan Engineers has a Exploration, through a joint infrastructure development. proven track record with venture with Adani t
Slide 4: Journey 2015-2025 milestones
• Divestment of Dewas Bhopal Road • Divestment of Road portfolio for • Buyback of shares aggregating project (2015) - ₹ 325 Cr ₹ 9,000 Cr to ₹ 235 Cr • Renewable Energy business • Secured Dharavi Wastewater • Increased stake in WMEL to 60.09% sold (2016) - ₹ 300 Cr @ 3x Book Treatment Project - valu
Slide 5: What we said, what we delivered
What we said Order Book Revenue EBITDA Margin Financial Discipline Business Model • FY24 - ₹ 13,800 Cr • FY24 - ₹ 2,872 Cr • FY24 - 13% (incl - ₹ 3,600 O&M) • FY25 - Growth guidance • FY25-Guidance of 16- • FY25 - ₹ 14,354 Cr of 15% 18% Efficient Working Capital (incl. ₹ 4,400 O&M) • Medium term tar
Slide 6: 3G Governance Green Growth
3G Governance Green Growth Vertical-wise
Slide 7: Governance Goals – Stakeholder focused
Governance Goals – Stakeholder focused Prudent capital allocation Selective bidding, Clear focus on margins Asset light 6 assets monetized, ASRP on track for monetization Financial Discipline Revenue growth Avg. EBITDA Strong Liquidity with at 16% CAGR margins @ ~ ₹ 1,000 Cr cash on over FY23-25 ~18
Slide 8: Board of Directors
Balkrishan Goenka Rajesh Mandawewala Sandeep Garg Deepak Chauhan Executive Chairman Non-Executive Director Managing Director Director – Legal & Ethics S Madhavan Dr. Anoop Kumar Mittal Dr. Aruna Sharma Raghav Chandra Lead Independent Director Independent Director Independent Director Independent Dir
Slide 9: Management team
Sandeep Garg Abhishek Chaudhary Saurin Patel Asim Chakraborty Managing Director CEO (Transportation) CEO - Integrated Water SBU Executive Director Yogen Lal Lalit Jain Hardik Dhebar Lekha Raghavan CEO - Strategy & Chief Financial Officer President Finance - WEL & Head - HR Business Development CFO-
Slide 10: Green - Sector leader in ESG Rating
Green - Sector leader in ESG Rating ESG Rating 55 36 (Progressive Industry Average) (Stable Transition Zone) CRISIL Sustainalytics Carbon Emission Water Waste 50,707 tCO₂e avoided 17,163 KL water saved 11.3 lakh MT pond ash used through various initiatives 3.11 lakh KL rainwater harvested 18,189 MT
Slide 11: Water
S WATER
Slide 12: Water vertical journey
• Secured 1st major order - Rural water • Acquired 50.1% • Completed 2 projects under SmartOps supply schemes (UPJJM) for ~ 2700 stake in Michigan • Secured 910 MLD WTP project, at villages, valued at ₹ 3,418 Cr Engineers Pvt Ltd Panjrapur, Maharashtra, valued at ₹ 3,145 Cr, incl. GST 2015- 2020 2
Slide 13: Water Vertical
Project Names Contract Type Status Dewas Water BOT Operational UP State Water and Sanitation Mission EPC Under Execution Water/ Bhandup Water Treatment Complex (Mumbai) EPC Under Execution Wastewater Treatment Dharavi Wastewater Treatment Facility (Mumbai) EPC Under Execution 2 SmartOps Treatment Pr
Slide 14: Welspun Michigan Engineers Ltd. (WMEL)
Welspun Michigan Engineers Ltd. (WMEL) • WMEL (60.09%), subsidiary of WEL, • Pioneer in trenchless technology with • Executed diverse urban infrastructure part of Welspun World, established in presence across tunnelling, micro projects — marine, drainage, tunnelling, 1973 tunnelling, pumping station
Slide 15: MLD Water Treatment Plant at Panjrapur
910 MLD Water Treatment Plant at Panjrapur Project Value (incl. GST) ₹ 3,145 Cr EPC Revenue (excl. GST) ₹ 1,685 Cr O&M Revenue (excl. GST) ₹ 980 Cr EPC Tenure – 4 years O&M Tenure – 15 years 14
Slide 16: Mumbai's Water Management: WEL's Presence
Mumbai’s Water Management: WEL's Presence Strong presence across Mumbai city On track to Drinking Watet to City New Plants to match handle:- Existing 1365 MLD New 910 MLD* • ~70% potable water. demand Panjrapur Complex • ~15% Wastewater. Water Sources, 7 Lakes Total 14,47,363 ML Cap. Existing 1910 +
Slide 17: Water market opportunity
Demand drivers & industry landscape The Market Opportunity • 18% of global population, only 4% of freshwater. Opportunity Size - ₹ 5,75,000 Cr • ~45% of cultivable land unirrigated. TAM - ₹ 2,10,000 Cr • Only 1/3rd of wastewater treated; major reuse potential. • Exponential Budgetary surge for creat
Slide 18: Tunnelling
TUNNELLING
Slide 19: Tunnelling market opportunity
Demand drivers & industry landscape • Accelerating urbanization and land scarcity driving demand for The Market Opportunity underground infrastructure • Rising investment in potable water and wastewater management Opportunity Size – ₹ 6,00,000 Cr • Future of Tunnelling: 3,000 km planned in next deca
Slide 20: Our Project at Glance
Our Project at Glance Durga Kund, Varanasi (SmartOps) UPJJM Before After Dharavi WWTP Bhandup WTP 19
Slide 21: Transport
TRANSPORT
Slide 22: Transport vertical journey
• Started 3rd Party EPC – ₹ 3,300 Cr 2015- 2020 2021 2022 2023 2024 2025 • Divestment of Dewas Bhopal Road project • Divestment of road portfolio for • PCOD achieved for the Aunta-Simaria (2015) - ₹ 325 Cr ₹ 9,000 Cr Project • Acquisition of 2 HAM projects - ₹ 1800 Cr, • Received Gold Award for • Mo
Slide 23: Transport Vertical
Project Names Contract Type Status Aunta-Simaria (ASRP) HAM Completed Sattanathapuram-Nagapattinam HAM Under Execution (SNRP) Transport Road Assets Varanasi Aurangabad NH2 Project Vertical (VARP) EPC Under Execution BOT Emerged L1 Pune Shirur NH-753F 22
Slide 24: Pune-Shirur Elevated Highway Corridor
Pune-Shirur Elevated Highway Corridor Construction of 6-lane 37 km Elevated Highway Corridor on BOT basis, a first of its kind in India, including provision for metro along with improvement of existing road (4/6 lane) Project Value (incl. GST) ₹ 7,300Cr EPC Revenue (excl. GST) ~ ₹ 5,400Cr Toll Reven
Slide 25: Transport market opportunity
Demand drivers & industry landscape • Road infrastructure expected to grow from ~ 1.46 lakh km to ~ The Market Opportunity 1.85 lakh km in the next 5 years • Emphasis of Govt. on large value PPP projects, with focus on Opportunity Size - ₹ 6,50,000 Cr financial strength and available bid capacity of
Slide 26: Our Project at Glance
Our Project at Glance ASRP VARP SNRP 25
Slide 27: Infrastructure play across verticals, ~₹18 Lakh Cr opportunity
Infrastructure play across verticals with opportunity of ~ ₹ 18 Lakh Cr Water Tunnel Transport Opportunity Size - ₹ 5,75,000 Cr Opportunity Size - ₹ 6,00,000 Cr Opportunity Size - ₹ 6,50,000 Cr TAM - ₹ 2,10,000 Cr TAM - ₹ 2,00,000 Cr TAM - ₹ 2,50,000 Cr • Budgetary surge of ~ ₹ 6 lakh • Tunnelling -
Slide 28: Steady & Robust Growth
₹ Cr Particulars FY23 FY24 FY25 Revenue 2,758 2,872 3,695 EBITDA 391 616 730 EBITDA Margin (%) 13% 20% 19% PAT 684* 349 384 Net Debt (1,088) (214) 145 Net Worth 2,362 2,490 2709 Long term Investment 258 283 299 Payback to Investors 135 303 41 Steady & Robust Growth • EBITDA has increased by ~86% and
Slide 29: Oil & Gas
OIL & GAS
Slide 30: Oil & Gas
Oil & Gas • Collective GIIP* : ~1.1 TCF • Gas Evacuation Plan Through a National Oil and Gas Company’s Network – in advance stages of discussion Location of Fields Gas Evacuation Schematic *Gas Initially In Place 29
Slide 31: Awards, Accreditation & Accolades
Awards, Accreditation & Accolades Letter of appreciation by Gold Award for Excellence in Most Admired Company in Best Brand in Construction & Prime Minister of India Project Management under PPP the Transportation for ASRP Infrastructure for Water Shri Narendra Modi mode from MoRTH at ET Now Infra F
Slide 32: Safe Harbor
Safe Harbor • The information contained in this presentation is provided by Welspun Enterprises Limited (the “Company”). Although care has been taken to ensure that the information in this presentation is accurate, and that the opinions expressed are fair and reasonable, the information is subject t
Slide 33: Aunta-Simaria Ganga Bridge
Aunta-Simaria Ganga Bridge, inaugurated by Hon’ble Prime Minister, Shri Narendra Modi on 22nd August 2025
Slide 34: Dharavi Wastewater Treatment Facility
Dharavi Wastewater Treatment Facility (WWTF) - Dharavi, Mumbai
Slide 35: Durga Kund Rejuvenation Works
Before After Durga Kund Rejuvenation Works
Slide 36: Durga Kund Rejuvenation Works - Before
Before Durga Kund Rejuvenation Works
Slide 37: Durga Kund Rejuvenation Works - After
After Durga Kund Rejuvenation Works
Slide 38: Shree Vitthal Rukmini Temple, Pandharpur
Shree Vitthal Rukmini Temple, Pandharpur
Slide 39: Uttar Pradesh Jal Jeevan Mission (UPJJM)
Ambedkar Nagar Sant Ravidas Nagar Amethi Bulandshahr Uttar Pradesh Jal Jeevan Mission (UPJJM)
Slide 40: Varanasi Aurangabad NH2 Project
Varanasi Aurangabad NH2 Project, Uttar Pradesh
Slide 41: Mithi River Tunnel Breakthrough
Mithi River Tunnel Breakthrough
Slide 42: Sattanathapuram Nagapattinam Road Project
Sattanathapuram Nagapattinam Road Project, Tamil Nadu
Slide 43: Thank You!
Thank You! Connect with us: /WelspunWorld /WelspunWorld /welspungroup /company/welspunworld