Welspun Enterprises Ltd. · NSE:WELENT
Welspun Enterprises — Q4 FY26 Earnings Presentation
40 slides from Welspun Enterprises's earnings presentation, May 14, 2026
Slide 1: Exchange filing cover letter
WEL/SEC/2026 May 14, 2026 To, BSE Limited National Stock Exchange of India Limited Corporate Relationship Department, Exchange Plaza, 5th Floor, Plot No. C-1, 2nd Floor, New Trading Wing, Rotunda Block-G, Bandra-Kurla Complex, Building, P.J. Towers, Dalal Street, Bandra (East), Mumbai – 400 001. Mum
Slide 2: Welspun Enterprises Limited Q4 & FY26 Investor Presentation
WELSPUN ENTERPRISES LIMITED Q4 & FY26 Investor Presentation May 14, 2026 BSE: 532553 | NSE: WELENT |ISIN: INE625G01013
Slide 3: 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 4: Inside this Presentation
Inside this Presentation About Welspun World 04 Advantage Welspun Enterprises Ltd. 05 Financials Q4 & FY26 11 Infrastructure play across verticals 15 Welspun Michigan Engineers Ltd. 17 WEL – ESG At the Core 20 Summary Historical Financials 23 Appendix – Project & Investment Details 27 Aunta Simaria
Slide 5: Global Conglomerate
Global Conglomerate The USD 5 Bn Welspun Group is one of India’s fastest growing global conglomerates, with business interests in Line Pipes, Home Textiles, Building Materials, Infrastructure, Water, Steel, Warehousing, New Energy, Advanced Textiles and Flooring solutions. Global leader in Home Text
Slide 6: Creating Value through a Clear Strategy
Creating Value through a Clear Strategy Municipal Water Treatment Remain “Asset Industrial Water Light” Supply + Bid for selective Ensure P&L projects supports new business Sewerage Treatment Asset Monetization Deploy right mix of contractors for Monetize Balance Sheet heavy seamless Rural Water ass
Slide 7: Independent & Experienced Board
Independent & Experienced Board 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 Inde
Slide 8: Through an Experienced Management
Through an Experienced Management Sandeep Garg Abhishek Chaudhary Saurin Patel Asim Chakraborty Managing Director CEO, Integrated Water SBU Executive Director CEO (Transportation) Yogen Lal Lalit Jain Hardik Dhebar Lekha Raghavan CEO – Strategy , Business Chief Financial Officer CFO, WMEL & Head- He
Slide 9: Awards, Accreditation & Accolades
Awards, Accreditation & Accolades Gold Trophy at the 2nd Edition of International Winner in the Renewable Material Transition category at Business Conferences OHS & E Excellence Awards 2nd Edition FICCI RECEIC Global Symposium on Resource Efficiency & Circular Economy Innovative Climate Action Award
Slide 10: Strong platform set for future growth
Strong platform set for future growth Current order book at ~₹ 19,739Cr.* Robust portfolio of Water, Tunnelling and Transport Across categories Segment wise Break-up Category wise Break-up Pumping, 3% Others, 1% Rehabiltiation, 1% Tunnel, 12% BOT, 27% EPC, 43% HAM, 2% Transport, 30% Water, 54% O&M,
Slide 11: Financials
FINANCIALS
Slide 12: Income Statement Snapshot – Consolidated
Income Statement Snapshot – Consolidated Particulars (₹ Cr) Q4 FY26 Q4FY25 YoY % FY26 FY25 YoY % Revenue from Operations 1,199 1,054 14% 3,615 3,695 -2% Other Income 32 22 47% 97 97 -1% Total Income 1,232 1,076 14% 3,712 3,793 -2% EBITDA 272 207 31% 845 730 16% EBITDA margin 22.0% 19.3% 278bps 22.8%
Slide 13: Income Statement Snapshot – Standalone
Income Statement Snapshot – Standalone Particulars (₹ Cr) Q4 FY26 Q4 FY25 YoY % FY26 FY25 YoY % Revenue from Operations 809 734 10% 2,595 2,827 -8% Other Income 36 26 41% 116 106 9% Total Income 845 760 11% 2,711 2,934 -8% EBITDA 165 122 35% 496 455 9% EBITDA margin 19.5% 16.1% 345bps 18.3% 15.5% 27
Slide 14: Balance Sheet Snapshot
Balance Sheet Snapshot Consolidated Balance Sheet Snapshot (₹ Cr.) 31ST March 2026 31st March 2025 Returned ~INR 842 crore Net worth 3,261 2,709 through buyback & dividends Gross Debt 1,771 1,300 Long Term Debt over the last 8 years. - 1,725 1,269 - Short Term Debt (Working Capital Loan) 46 31 Cash
Slide 15: Infrastructure play across verticals
Infrastructure play across verticals Water Transport Tunnel • Exponential Budgetary surge for • Rapidly expanding highway • Tunnelling — a solution creating water infrastructure ~ ₹6 network ~1,46,000 kms in for urbanization lakh crore between 2020-25 an 2025 to ~1,85,000 kms in increase of over ~6x
Slide 16: Welspun Michigan Engineers Ltd.
Welspun WELSPUN MICHIGAN Michigan ENGINEERS LTD Engineers Ltd. (WMEL) (WMEL)
Slide 17: Welspun Michigan Engineers (WMEL)
Welspun Michigan Engineers (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 stations, br
Slide 18: Welspun Michigan Engineers (WMEL) - Snapshot
Welspun Michigan Engineers (WMEL) - Snapshot Financial Snapshot Financial Year Q4 FY26 Q4FY25 YoY growth FY26 FY25 YoY growth (₹. Cr.) Revenue from operations 351 265 33% 874 668 31% EBITDA 74 51 45% 185 144 29% EBITDA Margin 21% 19% 21% 22%
Slide 19: WEL - ESG At The Core
WEL - ESG At The Core
Slide 20: Green - Sector leader in ESG Rating
Green - Sector leader in ESG Rating ESG Risk Rating* 56 36 (Progressive Industry Average) (Stable Transition Zone) CRISIL Sustainalytics Carbon Emission Water Waste 3,95050 KL rainwater harvested 10.03 lakh MT pond ash used 30,855 tCO₂e avoided + sequestered 8,248 KL Construction water saved 18,647
Slide 21: Board Committees
Audit Committee • 3 Members - all Independent Directors Nomination & Remuneration Committee • 3 Members - all Independent Directors Share Transfer, Investors’ Grievance & Stakeholders’ Relationship • 3 Members - all Independent Directors Risk Management • 3 Independent Directors, Managing Director &
Slide 22: Summary Historical Financials
Summary Historical Financials
Slide 23: Consistent Performance
Consistent Performance Revenue ₹ Cr Order book ₹ Cr 3,695 3,616 19,739 2,758 2,872 13,800 14,354 1,530 10,100 1,401 8,437 8,400 FY21 FY22 FY23 FY24 FY25 FY26 FY21 FY22 FY23 FY24 FY25 FY26 EBITDA ₹ Cr 845 730 616 391 313 323 FY21 FY22 FY23 FY24 FY25 FY26
Slide 24: Steady & Robust Growth
₹ Cr Particulars FY23 FY24 FY25 FY26 Revenue 2,758 2,872 3,695 3,615 EBITDA 391 616 730 845 EBITDA Margin (%) 13 20 19 23 PAT from continuting operations 684* 349 384 406 Net Debt (1,088) (214) 145 43 Net Worth 2,362 2,490 2,709 3,261 Long term Investment/ Investment in Associate 258 283 299 266 Pay
Slide 25: Existing Portfolio of Projects
APPENDIX Existing Portfolio of Projects HAM: Aunta - Simaria (Ganga Bridge with Approach 1 Roads). CoD achieved 2 HAM: Sattanathapuram – Nagapattinam 3 EPC: Varanasi Aurangabad NH2 Project 4 EPC: UP State Water and Sanitation Mission 5 DBFOT- Pune Shirur Road Project 6 EPC: Dharavi Wastewater Treatm
Slide 26: Water Vertical
Project Names Contract Type Status Dewas Water BOT Operational Water/ UP State Water and Sanitation Mission EPC Under Execution Wastewater Bhandup Water Treatment Complex (Mumbai) EPC Under Execution Treatment Dharavi Wastewater Treatment Facility (Mumbai) EPC Under Execution 2 Smart Ops Treatment P
Slide 27: Transport Vertical
Project Names Contract Type Status Aunta-Simaria (ASRP) HAM COD received Sattanathapuram-Nagapattinam HAM Under Execution (SNRP) Transport Road Assets Varanasi Aurangabad NH2 Project Vertical (VARP) EPC Under Execution Pune Shirur NH-753F DBFOT Received LoA
Slide 28: HAM: Aunta-Simaria
HAM Project details Project Length (Kms) 08.15 Km Aunta-Simaria Acquisition Date Aug 2018 (Ganga Bridge with Financial Closure Achieved Appointed Date 30th Aug 2018 Approach Roads) Scheduled Construction Period 42 Months^ Concession Period after COD 15 Years SCOPE BARAUNI REFINERY ^ PCOD received on
Slide 29: HAM: Sattanathapuram-Nagapattinam
Project details HAM Project Length (Kms) 55.755 Km Sattanathapuram- Award Date July 2018 Financial Closure Achieved Nagapattinam Appointed Date 5th Oct 2020 (SNRP) Scheduled Construction Period 24 months^ Concession Period after COD 15 Years ^ EOT up to 31st May 2026 received SCOPE 4 laning of Satta
Slide 30: EPC: Varanasi Aurangabad NH2 Project
Project details EPC Project Length (Kms) Original Contract 192.4 Varanasi Aurangabad NH2 Commencement Date 30th Sep 2021 Project Construction Period Additional Contract 24 Months (VARP) Construction Start Date May 2022 ^ EOT available up to 30th Jun 2025. EOT up to 30th April 2026 is under process S
Slide 31: DBFOT: Pune-Shirur Elevated Road Project
DBFOT Project details Pune – Shirur Elevated Project Length (Kms) 53.4 Km Road Project (PSRP) LOA Date Financial Closure 29 April 2026 In Progress Appointed Date - Scheduled Construction Period 48 Months Concession Period after COD 25 Years SCOPE Construction of Partially Status Elevated Highway Cor
Slide 32: EPC: UP State Water and Sanitation Mission
EPC Project details UP State Water and Project Scope Water Supply to Villages Sanitation Mission Est aggregate contract value ₹ ~ 2,800 Cr. (excluding O&M value and GST) SCOPE S No. Revenue District No of Division Villages Rural Water Supply project under Jal Jeevan Mission by State 1 Varanasi Jaunp
Slide 33: EPC: Dharavi Wastewater Treatment Facility
EPC Project details Wastewater Treatment 60 Months for Design Build, Facility - Mumbai Sewage Contract period 15 years of operation and maintenance Disposal Project, Dharavi SCOPE Status Design, Build, Operation and LOA received on May 27, 2022 Maintenance of 418 MLD Dharavi Project Commencement dat
Slide 34: Dharavi Project - India's First Multi-Storeyed WWTF
EPC Dharavi Project - India’s First Multi-Storeyed Wastewater Treatment Facility • A first-of-its-kind project in the country, this facility is being constructed vertically, due to the space constraints at the project site. • Being built on just 12.7 acres of land, it has one of the lowest footprint
Slide 35: EPC: Bhandup Water Treatment Plant
EPC Project details Water Treatment Plant – Contract period 48 Months for Design Build, 15 years of operation and Bhandup Complex, maintenance Mumbai Status SCOPE LOA received on Feb 29, 2024 Design, Build, Operation and Maintenance of 2,000 MLD Water Received Notice to Commence effective July 23, 2
Slide 36: EPC: Water Conveyance Tunnel
EPC Project details Water Conveyance Tunnel from 93 Months for Design Build of Contract period a 8.48 km tunnel with a 3,500 Dharavi WWTF to Ghatkopar mm bored diameter WWTF– Mumbai Status SCOPE LOA received on Oct 8, 2024 Design and construction of Tertiary Treated Water Received Notice to Commence
Slide 37: EPC: Panjrapur Water Treatment Plant
EPC Project details Water Treatment Plant (WTP) at 48 Months for Design Build, Contract period 15 years of operation and Panjrapur, Maharashtra maintenance Status SCOPE LOA received on Nov 6, 2025 Design, Build, Operation and Maintenance of 910 MLD Water Total consideration including GST ~₹ 3,145 Cr
Slide 38: BOT Dewas Water
BOT Sector Project Name Location COD Concession End Dewas Water Water Supply Dewas Water* MP Apr-20 Jun-37 *Dewas Water – Modified Project Modified project involves the supply of treated water of up to 23 MLD to industrial customers in Dewas FY26 revenue stands at ₹ 15 Cr. with EBITDA of ₹ 8.7 C
Slide 39: 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 • Monetization Expected in FY ‘29 Location of Fields Gas Evacuation Schematic *Gas Initially In Place
Slide 40: Thank You
THANK YOU For further details please contact investorrelations_WEL@welspun.com/Sangeeta_tripathi@welspun.com Sangeeta Tripathi- Head Investor Relations CORPORATE OFFICE WELSPUN ENTERPRISES LIMITED CIN: L45201GJ1994PLC023920 C/8, BKT House, Trade World, Kamala City, Senapati Bapat Marg, Lower Parel,