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When you can accept the uncomfortable thoughts, emotions and the outcomes that come with trading and choose not to engage or fight it. That is when you will succeed! - Alan Edward

Markets

Nifty and Gold still above averages..

Nifty longs above 22630 levels.

Inclusions and exclusions in #Nifty over FY18-FY24

Stock of the Week

Welspun Enterprises - CMP 372

Welspun Enterprises Limited (WEL) , formerly known as Welspun Projects Ltd., is a part of the USD 2.7 billion Welspun Group. The Company operates in the infrastructure space with investments in oil & gas.

In the infrastructure space, WEL is focused on the road and water sectors. While the Company’s main focus is on Hybrid Annuity Model (HAM) projects as a developer, it also takes up value accretive projects in the BOT-Toll and EPC space. ^[1]

Perks

P/E ratio is 13.0
D/E is 0.32
P/E ratio is 13.0003 which is lower than it's Industry P/E 31.55
Interest Coverage ratio 7.24 is higher than last year's Interest Coverage Ratio 2.27
D/E 0.32 has reduced as compared to last year's D/E 1.41
Stock has given a return of 141.84% in last 52 Weeks
ROCE is 23.2%
ROCE 23.2% has increased as compared to last year's ROCE 4.58%
ROE is 33.11%
ROE 23.2% has increased as compared to last year's ROE 4.58%
ROCE 23.2% is higher than 5 years ROCE average 13.0%
ROE 33.11% is higher than 5 years ROE average 13.56%
PEG ratio is 0.83
NPM is 26.21%
Net Profit Margin (PAT Margin) 26.21% has improved as compared to last year's NPM 9.31%
Dividend Yield is 2.47%
Free Cash Flow yield is 34.51%
Company has a negative Cash Conversion Days of -353.42
Annual Sales has grown by 105.48%
Annual Profit has grown over by 478.4%
3 Years Sales CAGR is 15.58%
3 Years Profit CAGR is 79.03%
Quarterly Profit has grown over by 36.35% QoQ
FII have increased their stakes by 0.1% in the latest quarter (4.47% to 4.57%)
Retail/Public have reduced their stakes by 0.25% in the latest quarter (2.25% to 2.0%)