Welspun Corp (532144) Investor Day 2025 Presentation summary

Strategic direction and financial guidance

• Focus on core businesses with high-quality returns, targeting ROCE of ~20% and revenue CAGR of 15-20% across companies, while maintaining mid-teen EBITDA margins and strong credit ratings.

• Capital allocation remains disciplined, with exits from non-core segments and a commitment to shareholder returns, including cumulative returns of ~₹3,200 crores over recent years.

• Emphasis on sustainable growth, innovation, and R&D, with a shift from volume-based to value-based growth to enhance margins and customer loyalty.

• ESG leadership is a priority, with top global and national rankings, and long-term goals of carbon and water neutrality by 2040.

Business segment performance and future plans

• Welspun Living targets medium-term revenue of ~₹15,000 crores, EBITDA margins of 15-16%, and ROCE of 15-18%, with expansion in brands and categories.

• Welspun Corp projects revenue CAGR of 10-12% and EBITDA CAGR above 15%, with a capex plan of ₹5,500 crores and net cash positive position.

• Sintex is expanding its product range and distribution, aiming for revenue above ₹2,000 crores and industry-level EBITDA margins in the mid-teens.

• Welspun Enterprises maintains a strong order book CAGR of 20-25%, revenue CAGR of 15-16%, and EBITDA margins of 18-20%, with a focus on water, transport, and tunneling infrastructure.

Growth drivers and market opportunities

• Core business moats are being deepened, with exponential growth targeted in new businesses at 15-20% CAGR, supported by large-scale capex in the US and KSA.

• US and KSA operations are positioned for robust pipeline demand, driven by LNG exports, data centers, and infrastructure projects aligned with Vision 2030.

• India remains a key market for pipe exports, hydrogen infrastructure, and water management, with Sintex leveraging its iconic brand for TAM expansion.

• Strategic FTAs and global expansion are expected to unlock significant growth in home textiles and other export-oriented businesses.