Welterman International Ltd (526431)
🎯 Key Takeaways
- Welterman International Ltd appears to be in a severe distress phase, marked by persistent losses, negligible revenue, and deteriorating financial metrics. The company has reported zero revenue and negative earnings across all recent quarters, with cumulative losses eroding equity reserves.
- ⚠️ Persistent zero revenue and negative profitability across all metrics indicate a non-viable business model.
- Market Cap
- ₹10
- P/B Ratio
- -0.81
- ROE
- 4.0%
- ROCE
- 7.4%
- Debt/Equity
- -0.52
- Promoter
- 45.3%
📖 The Story
Welterman International Ltd appears to be in a severe distress phase, marked by persistent losses, negligible revenue, and deteriorating financial metrics. The company has reported zero revenue and negative earnings across all recent quarters, with cumulative losses eroding equity reserves. Its negative debt-to-equity ratio suggests technical insolvency, while low ROE and ROCE reflect operational inefficiency. Management has not provided any forward-looking guidance, signaling a lack of strategic clarity or recovery plan.
📰 What's Happening
There have been no material operational updates or strategic announcements in the latest filings. The company has not reported any new orders, capacity expansions, or management changes. Shareholding remains stable with no significant movement by FII or DII investors, and promoter holding is unchanged at 45.34%. The absence of new disclosures suggests stagnation or possible information blackout, with no recent events warranting regulatory filing.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 |
| Operating Profit | -0 | -0 | -0 | -0 |
| OPM % | — | — | — | — |
| Net Profit | -0 | -0 | -0 | -0 |
| EPS | ₹-0.36 | ₹-0.16 | ₹-0.58 | ₹-0.05 |
Revenue has been consistently zero across all reported quarters, with operating and net losses widening in recent periods. EPS has declined from ₹-0.16 in December 2025 to ₹-0.58 in March 2026, indicating deteriorating profitability. Despite minimal asset levels and negligible cash flows, there has been no improvement in top-line generation or cost control, reflecting a business that is either dormant or in terminal decline.
🔮 Management Outlook & What's Next
Management has not provided any forward guidance, earnings estimates, or strategic commentary in the latest filings. There are no indications of a turnaround plan, restructuring, or revival initiatives. The lack of communication from leadership suggests either complete operational shutdown or a pending, undisclosed development, but no clarity is available from current disclosures.
Extracted from official company announcements. Not StockFin.ai's opinion.
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2025 | Mar 2025 | Mar 2026 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 4 |
| Reserves | -17 | -17 | -17 | -17 |
| Borrowings | 6 | 6 | 7 | 6 |
| Total Liabilities | 1 | 1 | 1 | 1 |
| Fixed Assets | 1 | 1 | 1 | 1 |
| Investments | 0 | 0 | 0 | 0 |
| Total Assets | 1 | 1 | 1 | 1 |
The balance sheet shows a severely weakened capital structure with negative reserves and minimal equity, while total assets remain trivial at ₹1 crore. Borrowings are low but insignificant relative to the company's scale, and there is no evidence of capital raising or debt reduction. The financial position suggests extreme undercapitalization and an inability to sustain operations without external funding, which has not been sought or disclosed.
💰 Cash Flow Statement (₹ Cr)
| Item | Mar 2025 | Mar 2026 |
|---|---|---|
| Operating | -0 | +0 |
| Investing | +0 | +0 |
| Financing | -0 | -0 |
| Net Cash Flow | +0 | +0 |
👥 Shareholding Pattern
| Category | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 |
|---|---|---|---|---|
| Promoters | 45.3% | 45.3% | 45.3% | 45.3% |
| FII | 0.0% | 0.0% | 0.0% | 0.0% |
| DII | 1.4% | 1.4% | 1.4% | 1.4% |
| Public | 30.0% | 30.0% | 30.1% | 30.1% |
| # Shareholders | 4,090 | 4,079 | 4,078 | 4,085 |
Promoter holding remains stable at 45.34%, with no signs of accumulation or dilution. FII and DII holdings are negligible and unchanged over recent quarters, indicating no institutional interest. The shareholder base is fragmented, with over 4,000 public shareholders, but low trading activity and zero market capitalization suggest limited liquidity and investor engagement.
⚖️ Peer Comparison — Fertilizers
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| COROMANDEL | 52,811 | 28.8 | 21.0% | — | 0.07 |
| FACT | 49,511 | 1779.4 | 9.2% | — | 1.29 |
| CHAMBLFERT | 16,575 | 8.6 | 22.6% | — | 0.10 |
| PARADEEP | 15,998 | 14.9 | 14.5% | — | 1.01 |
| GSFC | 6,043 | 8.7 | 7.4% | — | 0.00 |
| RCF | 5,978 | 13.4 | 10.2% | — | 0.80 |
| NFL | 3,184 | 8.7 | 15.8% | — | 0.73 |
| SPIC | 1,296 | 6.3 | 14.9% | — | 0.51 |
| MADRASFERT | 943 | 13.3 | 9.5% | — | -49.36 |
| ZUARI | 933 | 1.0 | 50.7% | — | 0.34 |
🔗 Peer Stock Analyses
⚠️ Risk Factors
1. Persistent zero revenue and negative profitability across all metrics indicate a non-viable business model. 2. Negative equity and technical insolvency due to accumulated losses and reserves depletion. 3. Complete absence of operational activity or strategic direction raises concerns about ongoing compliance and regulatory status. 4. Lack of transparency and no communication from management increases uncertainty around the company's future.
📋 Recent Filings
- Announcement2026-09-23Welterman International Ltd announced that its trading window will close on October 1, 2026, and remain shut until 48 hours after the unaudited quarte…
- 🟡 Board Meeting2026-09-07Welterman International Ltd announced a book closure from September 24 to 30, 2026, to facilitate its 34th Annual General Meeting scheduled for Septem…
- 🟡 Board Meeting2026-09-07Welterman International Ltd announced its 34th Annual General Meeting will be held on Wednesday, 30th September 2026 at 11:30 a.m. IST via Video Confe…
- 🟡 Board Meeting2026-09-07Welterman International Ltd announced its 34th Annual General Meeting will be held on Wednesday, September 30, 2026 at 11:30 a.m. IST via video confer…
- 🔴 annual report2026-09-07Welterman International Limited's 2025-26 Annual Report shows a net loss of ₹49.90 lakhs, up from ₹15.51 lakhs in 2024-25, with no dividend recommende…
🧠 Analyst's Read
Welterman International Ltd is effectively a dormant entity with no visible path to recovery, marked by financial collapse and managerial silence. Investors should monitor for any sudden disclosures of restructuring, delisting intentions, or asset sales, but expect no positive developments in the near term.
Based on filing content and financial data. Not a recommendation.
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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-30.
Editorial & Data Transparency Notice
This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.
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