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Welspun Global Brands Limited
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- Balance Sheet
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Registered Details

WELSPUN GLOBAL BRANDS LIMITED

Active

Updated: 22 Oct 2024

The company provides towels, bath rugs, mats, bed sheets, utility and fashion beddings, and bath robes

Welspun Global Brands Limited, is an unlisted public company incorporated on 14 December, 2004. It is classified as a public limited company and is located in Kachchh, Gujarat. It's authorized share capital is INR 42.50 cr and the total paid-up capital is INR 25.92 cr.

Industry

Real Estate and Renting

Products

utility and fashion beddings, mats, bed sheets, towels, bath rugs, and bath robes

Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Sales

29.96%

₹ 8,505.5

EBITDA

35.31%

₹ 137.9

Net Profit

64.8%

₹ 56.5

Networth

13.37%

₹ 531.8

Borrowings

7.48%

₹ 493.8

Assets

-5.08%

₹ 1,872.6

Gross Margin

-2.72

10.0 %

Operating Margin

0.06

1.6 %

Net Profit Margin

0.14

0.7 %

Return on Equity

3.32

10.6 %

ROCE

4.31

22.3 %

Debt to Equity

-0.05

0.9

Sales

Mar 2024

Net worth

Mar 2024

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Locations

India (28)

State	Type	Address

Locations on Map

Tofler Score

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Risk

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No risks identified

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LOW CASH BALANCE

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LOW INVENTORY
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Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

Financial Highlights

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	5,702.9	6,398.7	7,611.9	6,544.4	8,505.5
Operating profit	67.4	115.8	125.3	102.0	137.9
Net profit	41.4	47.6	54.8	34.3	56.5
Gross margin	10.3	10.5	11.7	12.7	10.0
Operating margin	1.2	1.8	1.6	1.6	1.6
Net margin	0.7	0.7	0.7	0.5	0.7
Networth	234.6	413.4	444.6	469.0	531.8
Borrowings	304.2	457.8	606.7	459.4	493.8
Assets	1,812.7	2,103.7	2,359.4	1,972.8	1,872.6
Debt to equity	1.3	1.1	1.4	1.0	0.9
Current ratio	1.1	1.3	1.2	1.4	1.5
ROE	17.7	11.5	12.3	7.3	10.6
Days payable	76.0	71.0	63.0	58.0	35.0
WC days	13.0	25.0	22.0	27.0	24.0

Margins

Gross margin

Operating margin

Net margin

Balance Sheet

Standalone

Consolidated

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	23.5	23.5	23.5	23.5	25.9
Reserves	211.0	389.9	421.1	445.5	505.8
Borrowings +	304.2	457.8	606.7	459.4	493.8
Long term borrowings	87.5	95.0	103.1	112.0	121.6
Short term borrowings	216.7	362.9	503.6	347.4	372.2
Trade payables +	1,071.5	1,121.5	1,165.1	900.4	733.9
Days payable	76.0	71.0	63.0	58.0	35.0
Other liabilities +	1,274.0	1,232.5	1,308.1	1,044.3	847.1
Other non-current liabilities	8.9	46.2	19.1	21.3	19.5
Other current liabilities	193.7	64.8	123.9	122.6	93.6
Total liabilities	1,812.7	2,103.7	2,359.4	1,972.8	1,872.6
Fixed Assets +	6.4	4.2	3.7	3.4	20.7
Tangible assets	0.8	2.9	2.7	2.8	20.2
CWIP	3.3	-	0.3	-	0.1
Intangible assets	2.4	1.2	0.7	0.5	0.3
LT loans and advances	0.2	0.2	0.3	0.1	0.4
Other non-current assets	126.4	116.2	107.0	107.7	97.2
Current assets +	1,679.8	1,983.1	2,248.5	1,861.6	1,754.3
Inventories	55.9	191.1	195.5	208.9	169.7
Trade receivables	1,152.1	1,312.0	1,219.8	1,319.5	1,152.4
Cash and cash equivalents	99.0	72.7	98.3	73.3	70.5
ST loans and advances	0.2	0.1	0.3	0.2	0.6
Other current assets	372.6	407.1	734.7	259.7	361.1
Total assets	1,812.7	2,103.7	2,359.4	1,972.8	1,872.6

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	1.3	1.12	1.0	1.19	1.38
Reserves	11.64	18.53	17.85	22.58	27.01
Borrowings +	16.78	21.76	25.72	23.29	26.37
Long term borrowings	4.82	4.51	4.37	5.68	6.5
Short term borrowings	11.96	17.25	21.34	17.61	19.87
Trade payables	59.11	53.31	49.38	45.64	39.19
Other liabilities +	70.28	58.59	55.44	52.94	45.23
Other non-current liabilities	0.49	2.2	0.81	1.08	1.04
Other current liabilities	10.68	3.08	5.25	6.21	5.0
Total liabilities
Fixed Assets +	0.35	0.2	0.15	0.17	1.1
Tangible assets	0.04	0.14	0.11	0.14	1.08
CWIP	0.18	0.0	0.01	0.0	0.01
Intangible assets	0.13	0.06	0.03	0.03	0.02
LT loans and advances	0.01	0.01	0.01	0.01	0.02
Other non-current assets	6.97	5.52	4.53	5.46	5.19
Current assets +	92.67	94.27	95.3	94.37	93.68
Inventories	3.08	9.09	8.29	10.59	9.06
Trade receivables	63.56	62.37	51.7	66.89	61.54
Cash and cash equivalents	5.46	3.46	4.17	3.71	3.76
ST loans and advances	0.01	0.01	0.01	0.01	0.03
Other current assets	20.56	19.35	31.14	13.16	19.28
Total assets

	Mar 2015	Mar 2016
Equity Capital	-	39.4
Reserves	-	358.4
Borrowings +	-	220.1
Long term borrowings	-	0.2
Short term borrowings	-	219.9
Trade payables +	-	691.9
Days payable	-	52.0
Other liabilities +	-	718.3
Other non-current liabilities	-	5.6
Other current liabilities	-	20.7
Total liabilities	-	1,336.2
Fixed Assets +	-	72.3
Tangible assets	-	7.4
CWIP	-	-
Intangible assets	-	64.9
LT loans and advances	-	29.1
Other non-current assets	-	14.9
Current assets +	-	1,219.8
Inventories	-	384.3
Trade receivables	-	605.3
Cash and cash equivalents	-	38.3
ST loans and advances	-	134.6
Other current assets	-	57.2
Total assets	-	1,336.2

Percentage of assets	Mar 2015	Mar 2016
Equity Capital	None	2.95
Reserves	None	26.82
Borrowings +	None	16.48
Long term borrowings	None	0.02
Short term borrowings	None	16.46
Trade payables	None	51.78
Other liabilities +	None	53.76
Other non-current liabilities	None	0.42
Other current liabilities	None	1.55
Total liabilities
Fixed Assets +	None	5.41
Tangible assets	None	0.56
CWIP	None	0.0
Intangible assets	None	4.86
LT loans and advances	None	2.18
Other non-current assets	None	1.12
Current assets +	None	91.29
Inventories	None	28.76
Trade receivables	None	45.3
Cash and cash equivalents	None	2.87
ST loans and advances	None	10.08
Other current assets	None	4.28
Total assets

Total assets

Profit & Loss

Standalone

Consolidated

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	5,702.9	6,398.7	7,611.9	6,544.4	8,505.5
Sales growth %	4.02	12.2	18.96	-14.02	29.96
Expenses +	5,692.2	6,339.4	7,545.6	6,503.1	8,436.9
Cost of goods	5,115.4	5,727.7	6,723.4	5,711.5	7,654.5
Employee cost	102.3	145.9	173.6	144.5	156.2
Other costs	417.8	409.3	589.6	586.5	556.8
Operating profit +	67.4	115.8	125.3	102.0	137.9
Operating margin %	1.2	1.8	1.6	1.6	1.6
Other income	45.0	10.7	3.2	5.7	10.0
Interest	50.9	44.7	45.7	47.4	59.6
Depreciation	5.8	11.8	13.2	13.2	9.8
Exceptional items	0.3	-	-	-	-
Profit before tax	55.9	70.0	69.5	47.0	78.5
Tax	14.4	22.4	14.7	12.7	22.0
Profit - disc. ops	-	-	-	-	-
Net profit	41.4	47.6	54.8	34.3	56.5
Net margin %	0.7	0.7	0.7	0.5	0.7

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	99.22	99.83	99.96	99.91	99.88
Expenses +	99.03	98.91	99.09	99.28	99.08
Cost of goods	89.0	89.36	88.29	87.2	89.89
Employee cost	1.78	2.28	2.28	2.21	1.83
Other costs	7.27	6.39	7.74	8.95	6.54
Operating profit	1.17	1.81	1.65	1.56	1.62
Other income	0.78	0.17	0.04	0.09	0.12
Interest	0.89	0.7	0.6	0.72	0.7
Depreciation	0.1	0.18	0.17	0.2	0.12
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	0.97	1.09	0.91	0.72	0.92
Tax	0.25	0.35	0.19	0.19	0.26
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	0.72	0.74	0.72	0.52	0.66

	Mar 2015	Mar 2016
Sales +	N/A	5,584.3
Sales growth %	None	None
Expenses +	N/A	5,431.9
Cost of goods	N/A	4,822.4
Employee cost	N/A	140.0
Other costs	N/A	406.2
Operating profit +	N/A	215.6
Operating margin %	-	3.9
Other income	N/A	6.5
Interest	N/A	55.5
Depreciation	N/A	7.7
Exceptional items	N/A	-
Profit before tax	N/A	157.2
Tax	N/A	59.1
Profit - disc. ops	N/A	-
Net profit	N/A	87.8
Net margin %	-	1.6

Precentage of total income	Mar 2015	Mar 2016
Sales	None	99.88
Expenses +	None	97.16
Cost of goods	None	86.26
Employee cost	None	2.5
Other costs	None	7.27
Operating profit	None	3.86
Other income	None	0.12
Interest	None	0.99
Depreciation	None	0.14
Exceptional items	None	0.0
Profit before tax	None	2.81
Tax	None	1.06
Profit - disc. ops	None	0.0
Net profit	None	1.57

Revenue from operations

Ratios

Standalone

Consolidated

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	1.3	1.1	1.4	1.0	0.9
Net Debt/Equity	0.9	0.9	1.1	0.8	0.8
Total Debt/Assets	0.2	0.2	0.3	0.2	0.3
Total Assets/Equity	7.7	5.1	5.3	4.2	3.5
Liquidity +
Current Ratio	1.1	1.3	1.2	1.4	1.5
Quick Ratio	1.1	1.2	1.1	1.2	1.3
Interest Coverage	1.3	2.6	2.7	2.1	2.3
Performance
Gross Margin	10.3	10.5	11.7	12.7	10.0
Operating Margin	1.2	1.8	1.6	1.6	1.6
Net Margin	0.7	0.7	0.7	0.5	0.7
Return +
Return on Equity	17.7	11.5	12.3	7.3	10.6
Pre-tax ROCE	30.1	23.7	24.4	18.0	22.3
Return on Assets	2.3	2.3	2.3	1.7	3.0
Pre-tax ROIC	14.0	13.0	11.8	10.4	13.4
Efficiency +
Days Payable	76.0	71.0	63.0	58.0	35.0
Days Inventory	4.0	12.0	11.0	13.0	8.0
Days Receivable	74.0	75.0	58.0	74.0	49.0
Fixed Asset Turnover	887.0	1,512.0	2,083.2	1,947.8	411.1
Total Asset Turnover	3.1	3.0	3.2	3.3	4.5
Working Capital
Cash Conversion Cycle	2.0	16.0	6.0	29.0	22.0
Working Capital Days	13.0	25.0	22.0	27.0	24.0

	Mar 2015	Mar 2016
Solvency +
Total Debt/Equity	-	0.6
Net Debt/Equity	-	0.5
Total Debt/Assets	-	0.2
Total Assets/Equity	-	3.4
Liquidity +
Current Ratio	-	1.3
Quick Ratio	-	0.9
Interest Coverage	-	3.9
Performance
Gross Margin	-	13.6
Operating Margin	-	3.9
Net Margin	-	1.6
Return +
Return on Equity	-	22.1
Pre-tax ROCE	-	57.8
Return on Assets	-	6.6
Pre-tax ROIC	-	35.9
Efficiency +
Days Payable	-	52.0
Days Inventory	-	29.0
Days Receivable	-	40.0
Fixed Asset Turnover	-	77.2
Total Asset Turnover	-	4.2
Working Capital
Cash Conversion Cycle	-	17.0
Working Capital Days	-	19.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

Bank wise

Charges

SBICap Trustee Company Limited

No. of Loans: 1

Total Amount : 820.0 cr

Kotak Mahindra Bank Limited

No. of Loans: 1

Total Amount : 100.0 cr

Charge Holder	Amount	Date of creation/modification
Kotak Mahindra Bank Limited	100.0 cr	14 Jun, 2022
SBICap Trustee Company Limited	820.0 cr	21 May, 2021

Charges

SBICap Trustee Company Limited

Kotak Mahindra Bank Limited

People

Designation	Name	DIN/PAN	Tenure
Managing Director	Dipali Balkrishan Goenka Shareholder	00007199	12 years
Director	Murali Sivaraman	01461231	1 years
Whole-time Director	Altaf Jiwani	05166241	2 years
CFO	Sandeep Kumar	<HIDDEN>	6 years
Additional Director	Ankush Vijay Agrawal	09753791	3 years
Kmp	Pooja Rajesh Ramani	<HIDDEN>	2 years

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
WELSPUN GLOBAL BRANDS LIMITED	Amalgamated	10.5 Cr	1	Gujarat
WELSPUN WINTEX LIMITED	Amalgamated	70.5 L	1	Gujarat
GOLDENARCH ESTATES PRIVATE LIMITED	Amalgamated	3.3 Cr	1	Gujarat
WELSPUN MERCANTILE LIMITED	Amalgamated	1.3 Cr	1	Gujarat
SEQUENCE APARTMENTS PRIVATE LIMITED	Active	3.8 L	1	Delhi
KOOLKANYA PRIVATE LIMITED	Active	16.1 Cr	1	Maharashtra
KRISHIRAJ TRADING LIMITED	Amalgamated	7.4 L	1	Gujarat
WELSPUN LOGISTICS LIMITED	Active	1.0 Cr	1	Maharashtra
GOODVALUE POLYPLAST LIMITED	Amalgamated	75.0 L	1	Maharashtra
ALSPUN INFRASTRUCTURE LIMITED	Amalgamated	20.0 L	1	Gujarat
VIPUNA TRADING LIMITED	Amalgamated	75.0 L	1	Maharashtra
WELSPUN ZUCCHI TEXTILES LIMITED	Active	5.5 Cr	1	Maharashtra
WELSPUN ADVANCED MATERIALS (INDIA) LIMITED	Active	33.0 Cr	1	Telangana
NDTV CONVERGENCE LIMITED	Active	6.7 L	1	Delhi
NEW DELHI TELEVISION LIMITED	Active	25.8 Cr	1	Delhi
WELSPUN FLOORING LIMITED	Amalgamated	65.0 Cr	2	Telangana
WELSPUN LIVING LIMITED	Active	95.9 Cr	3	Gujarat
ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED	Active	493.3 Cr	1	Maharashtra
HUHTAMAKI INDIA LIMITED	Active	15.1 Cr	1	Maharashtra
PIDILITE INDUSTRIES LIMITED	Active	50.9 Cr	1	Maharashtra
MEDPLUS HEALTH SERVICES LIMITED	Active	23.9 Cr	1	Telangana
WELASSURE PRIVATE LIMITED	Active	1.0 L	1	Gujarat
AGA KHAN HEALTH SERVICES INDIA	Active	0.0	1	Maharashtra
EASYGO PROPERTIES PRIVATE LIMITED	Active	31.0 L	1	Gujarat
WELSPUN TRANSFORMATION SERVICES LIMITED	Active	3.0 Cr	1	Gujarat
MAHATVA PLASTIC PRODUCTS AND BUILDING MATERIALS PRIVATE LIMITED	Active	10,000.0	1	Gujarat
BIG SHOT INFRA FACILITIES PRIVATE LIMITED	Amalgamated	30,000.0	1	Gujarat
GLADIATOR PLASTIC PRODUCTS PRIVATE LIMITED	Active	1.0 L	1	Gujarat
WELSPUN NEW ENERGY LIMITED	Active	1.0 L	1	Delhi
WELSPUN GLOBAL SERVICES LIMITED	Active	1.0 L	1	Gujarat
PROPEL PLASTIC PRODUCTS PRIVATE LIMITED	Amalgamated	35.0 L	1	Gujarat
WELSPUN CAPTIVE POWER GENERATION LIMITED	Active	29.5 Cr	1	Gujarat
WELSPUN SATTANATHAPURAM NAGAPATTINAM ROAD PRIVATE LIMITED	Active	11.3 Cr	1	Delhi
R B L CONSULTANTS PRIVATE LIMITED	Active	2.5 L	1	Madhya Pradesh

Subsidiary Companies

Name	State / Country	Incorporation Year	Paidup Capital
Welspun USA, Inc.	United States	-	-
CHT Holdings LTD	United Kingdom	-	-
Welspun UK LTD	United Kingdom	-	-
Christy Lifestyle LLC	United States	-	-
Christy Welspun GmbH	Germany	-	-
Welspun Home Textiles UK Limited	United Kingdom	-	-
Christy Home Textiles Limited	United Kingdom	-	-
Novelty Home Textiles	Mexico	-	-
Welspun Mauritius Enterprises Limited	Mauritius	-	-
Welspun Holdings Private Limited	Cyprus	-	-
E. R. Kingsley (Textiles) Limited	United Kingdom	-	-
Christy 2004 Limited	United Kingdom	-	-
Christy UK Limited	United Kingdom	-	-
TILT Innovation Inc	United States	-	-
TMG (Americas) LLC	United States	-	-

Registered Details

CIN

U71210GJ2004PLC045144

PAN

AAACW5582G

Incorporation

2004, 20.3 years

Company Email

companysecretary_wgbl@welspun.com

Paid up Capital

₹ 25.9 Cr

Authorised Capital

₹ 42.5 Cr

AGM

Sep 2023

Type

Public

Non-government Company

FAQ - WELSPUN GLOBAL BRANDS LIMITED

What is the incorporation date of WELSPUN GLOBAL BRANDS LIMITED?

The incorporation date of WELSPUN GLOBAL BRANDS LIMITED is 14 December, 2004

What is the authorized share capital of WELSPUN GLOBAL BRANDS LIMITED?

The authorized share capital of WELSPUN GLOBAL BRANDS LIMITED is INR ₹ 42.5 Cr.

What is the paid-up capital of WELSPUN GLOBAL BRANDS LIMITED?

The paid-up capital of WELSPUN GLOBAL BRANDS LIMITED is INR ₹ 25.9 Cr.

What is the registered address of WELSPUN GLOBAL BRANDS LIMITED?

The registered address of WELSPUN GLOBAL BRANDS LIMITED is SURVEY NO 675 ANJAR WELSPUN CITY Kachchh Gujarat - 370110

What is the CIN number of WELSPUN GLOBAL BRANDS LIMITED?

The CIN number of WELSPUN GLOBAL BRANDS LIMITED is U71210GJ2004PLC045144.

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