Welspun Corp Limited WELCORP NIFTY_SMALLNSEINFRA

Basic Materials · Steel · India

https://www.welspuncorp.com

Welspun Corp Limited, together with its subsidiaries, manufactures, trades in, distributes, and sells steel pipes, tubes, bars, coils, and plates in India, the United States, and internationally. It operates through Steel Products and Others segments. The company offers carbon steel line pipes comprising longitudinal submerged arc welding, helically submerged arc welding, high frequency welding, bends, and anti-corrosion and concrete weight coating; ductile iron pipes; thermo-mechanically treated bars and billets; pig iron products; stainless steel and alloy products; water storage tanks; industrial containers; SMC panel tanks; electrical enclosures; and uPVC doors and interiors. It also provides plastic products; basic precious and non-ferrous metals; prefabricated structures, infra project services, and turnkey projects; custom moulded products; polymers and its products; PVC/CPVC pipes and fittings for water supply; water pipes; and billet, rolled bar, black bar, ingot, bloom, and seamless pipes and tubes. The company's products are used in onshore and offshore oil, gas, and water transmission; gas distribution; households, commercial buildings, and institutional settings; hydrogen pipelines; and nuclear, space, defence, power and energy, and petrochemicals sectors. Welspun Corp Limited was formerly known as Welspun Gujarat Stahl Rohren Limited and changed its name to Welspun Corp Limited in April 2010. The company was incorporated in 1995 and is headquartered in Mumbai, India.

Market & Price

Market Cap

₹36,309.40 Cr

Current Price

₹1,376.90

High / Low (52W)

₹1,376.90 / ₹721.85

Beta

0.50

Valuation

Stock P/E

22.52

Industry PE

23.81

Forward P/E

15.18

PEG Ratio

Book Value

₹310.14

Price to Book

4.44

P/S

2.17

EV/EBITDA

15.72

Dividend Yield

0.36%

Profitability & Returns

ROCE

19.52%

ROE

18.92%

ROA

6.59%

Profit Margin

9.62%

Op Margin

9.52%

EPS (Latest Qtr)

₹14.04

EPS (TTM)

₹61.13

Balance Sheet & Liquidity

Debt/Equity

0.25

Quick Ratio

0.66

Current Ratio

1.33

Debt

₹2,355.45 Cr

Total Assets

₹20,434.00 Cr

Current Assets

₹11,102.35 Cr

Working Capital

₹2,752.54 Cr

Ownership

Promoter Holding

49.85%

Chg in Prom Hold

FII / Inst Holding

27.66%

Chg in FII Hold

0.00%

Financial Snapshot

Enterprise Value

₹35,137.46 Cr

Total Revenue (TTM)

₹16,770.14 Cr

EBITDA

₹2,235.64 Cr

Free Cash Flow

₹151.70 Cr

Operating Cash Flow

₹3,204.28 Cr

Shares Outstanding

₹26.37 Cr

Gross Margin

38.83%

Payout Ratio

8.17%

Growth (CAGR)

Revenue 5Y

20.91%

Profit 5Y

98.35%

Revenue (YoY)

9.90%

Earnings (YoY)

-47.00%

PROS

Compounding revenue at 20.9% over 5 years.
Profit CAGR of 98.4% over 5 years.
Generates positive free cash flow.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

No notable concerns flagged.

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Basic Materials).

#	Name	CMP ₹	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	WELCORP Welspun Corp Limited NIFTY_SMALLNSEINFRA	1,376.90	22.52	₹36,309.40 Cr	0.36%	19.52%	18.92%	20.91%	98.35%
2	ULTRACEMCO UltraTech Cement Limited NIFTY50NSEINFRA	11,482.00	41.32	₹3.38 L Cr	0.67%	11.90%	10.59%	12.40%	17.26%
3	JSWSTEEL JSW Steel Limited NIFTY50NSEAIINFRA	1,278.00	14.01	₹3.12 L Cr	0.56%	19.15%	27.26%	3.61%	75.28%
4	HINDZINC Hindustan Zinc Limited NSEINFRA	632.95	19.34	₹2.67 L Cr	3.32%	62.35%	76.94%	5.61%	9.58%
5	TATASTEEL Tata Steel Limited NIFTY50NSEAIINFRA	208.02	28.34	₹2.59 L Cr	1.92%	11.32%	11.16%	-1.59%	7.21%
6	HINDALCO Hindalco Industries Limited NIFTY50NSEAIINFRA	1,126.70	18.73	₹2.52 L Cr	0.44%	9.50%	10.29%	7.40%	9.87%
7	GRASIM Grasim Industries Limited NIFTY50NSEINFRA	3,122.40	42.74	₹2.12 L Cr	0.32%	4.00%	6.29%	14.63%	-10.06%
8	SOLARINDS Solar Industries India Limited NSEINFRA	18,247.00	98.04	₹1.65 L Cr	0.06%	29.51%	31.33%	13.27%	30.36%
9	PIDILITIND Pidilite Industries Limited NSEINFRA	1,482.80	61.73	₹1.51 L Cr	0.67%	28.48%	23.52%	7.50%	24.36%

Quarterly Results

Figures in INR.

Metric	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Dec 2025	Mar 2026
Revenue	-	3,613.51 Cr	3,924.97 Cr	3,551.49 Cr	4,532.48 Cr	4,312.56 Cr
Cost of Revenue	-	2,320.64 Cr	2,498.05 Cr	2,030.73 Cr	2,848.07 Cr	2,677.49 Cr
Gross Profit	-	1,292.87 Cr	1,426.92 Cr	1,520.76 Cr	1,684.41 Cr	1,635.07 Cr
Operating Expenses	-	948.46 Cr	1,053.73 Cr	1,080.53 Cr	1,161.22 Cr	1,224.30 Cr
Operating Income	-	344.41 Cr	373.19 Cr	440.23 Cr	523.19 Cr	410.77 Cr
EBITDA	-	921.69 Cr	1,029.76 Cr	609.01 Cr	736.16 Cr	645.99 Cr
Interest Expense	-	82.26 Cr	87.54 Cr	63.18 Cr	50.66 Cr	48.95 Cr
Pretax Income	-	749.39 Cr	855.23 Cr	461.05 Cr	592.96 Cr	504.01 Cr
Tax Provision	-	77.20 Cr	156.04 Cr	111.89 Cr	136.60 Cr	132.55 Cr
Net Income	-	674.70 Cr	698.31 Cr	350.42 Cr	452.59 Cr	370.36 Cr
Diluted EPS	-	25.60	26.50	13.29	17.16	14.04

Profit & Loss (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue	-	9,487.06 Cr	16,895.61 Cr	13,977.54 Cr	16,770.14 Cr
Cost of Revenue	-	7,418.99 Cr	12,568.41 Cr	8,870.29 Cr	10,258.23 Cr
Gross Profit	-	2,068.07 Cr	4,327.20 Cr	5,107.25 Cr	6,511.91 Cr
Operating Expenses	-	1,843.62 Cr	3,044.62 Cr	3,790.14 Cr	4,630.82 Cr
Operating Income	-	224.45 Cr	1,282.58 Cr	1,317.11 Cr	1,881.09 Cr
EBITDA	-	862.53 Cr	2,057.00 Cr	2,932.60 Cr	2,713.23 Cr
Interest Expense	-	225.93 Cr	295.65 Cr	319.65 Cr	212.17 Cr
Pretax Income	-	333.63 Cr	1,413.48 Cr	2,261.88 Cr	2,146.51 Cr
Tax Provision	-	134.46 Cr	277.48 Cr	359.60 Cr	526.02 Cr
Net Income	-	206.69 Cr	1,110.40 Cr	1,908.14 Cr	1,613.05 Cr
Diluted EPS	-	7.89	42.32	72.44	61.20

Compounded Sales Growth

5 Years:	20.91%
1 Year:	9.90%

Compounded Profit Growth

5 Years:	98.35%
1 Year:	-47.00%

Stock Price Performance

1 Year:	+54.67%
6 Months:	+62.20%
3 Months:	+75.82%
1 Month:	+8.65%

Balance Sheet (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Assets	-	15,339.36 Cr	11,850.23 Cr	15,236.92 Cr	20,434.00 Cr
Current Assets	-	9,650.37 Cr	6,086.57 Cr	8,436.99 Cr	11,102.35 Cr
Cash & Equivalents	-	1,016.34 Cr	818.73 Cr	1,147.12 Cr	1,512.59 Cr
Inventory	-	5,686.16 Cr	2,315.56 Cr	4,211.54 Cr	4,655.66 Cr
Receivables	-	1,140.47 Cr	1,799.09 Cr	1,769.13 Cr	1,718.93 Cr
Total Liabilities	-	10,495.22 Cr	6,115.76 Cr	7,508.17 Cr	11,028.14 Cr
Current Liabilities	-	8,165.19 Cr	3,976.84 Cr	6,322.11 Cr	8,349.81 Cr
Long Term Debt	-	1,909.58 Cr	1,603.70 Cr	442.25 Cr	1,597.73 Cr
Total Debt	-	3,345.09 Cr	1,929.90 Cr	1,082.64 Cr	2,355.45 Cr
Total Equity	-	4,732.05 Cr	5,616.29 Cr	7,462.72 Cr	9,155.56 Cr
Shares Outstanding	-	26.15 Cr	26.17 Cr	26.23 Cr	26.38 Cr

Cash Flows (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow	-	-185.13 Cr	1,305.99 Cr	1,503.67 Cr	3,204.28 Cr
Investing Cash Flow	-	-416.66 Cr	367.40 Cr	180.22 Cr	-3,722.80 Cr
Financing Cash Flow	-	908.76 Cr	-1,876.79 Cr	-1,369.08 Cr	875.09 Cr
Capital Expenditure	-	-1,194.18 Cr	-298.96 Cr	-852.72 Cr	-2,532.21 Cr
Free Cash Flow	-	-1,379.31 Cr	1,007.03 Cr	650.95 Cr	672.07 Cr
Net Change in Cash	-	306.97 Cr	-203.40 Cr	314.81 Cr	356.57 Cr

Ratios (Annual)

Figures in %.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Gross Margin %	-	21.8%	25.6%	36.5%	38.8%
Operating Margin %	-	2.4%	7.6%	9.4%	11.2%
Net Margin %	-	2.2%	6.6%	13.7%	9.6%
ROE %	-	4.4%	19.8%	25.6%	17.6%
ROCE %	-	3.1%	16.3%	14.8%	15.6%

Shareholding Pattern

Insiders

49.85%

Institutions

27.66%

Public Float

55.15%

Analyst View

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WELCORP · Basic Materials