Welspun Corp Ltd

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Welspun Corp Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents
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Welspun Corp Ltd

₹ 2,606 -4.09%
01 Oct - close price
welspuncorp.com BSE: 532144 NSE: WELCORP
About

WCL is one of the largest manufacturers of large diameter pipes globally. The company also manufactures BIS-certified Steel Billets, TMT (Thermo-Mechanically Treated)
Rebars, Ductile Iron (DI) Pipes, Stainless Steel Pipes, and Tubes & Bars. The company acquired Sintex-BAPL, a market leader in water tanks and other plastic products, to expand its building materials portfolio. It has also made strategic acquisition of specified assets of ABG Shipyard. [1]

Key Points

Geographical Presence[1]
Company serves customers across six continents and more than 50 countries, supported by manufacturing facilities in India, the United States of America, and the Kingdom of Saudi Arabia.
Company is ranked 5th globally and 2nd in India among steel companies in the S&P Global Corporate Sustainability Assessment for the Dow Jones Sustainability Index.

Website BSE NSE
  • Market Cap ₹ 68,739 Cr.
  • Current Price ₹ 2,606
  • High / Low ₹ 2,900 / 710
  • Stock P/E 93.3
  • Book Value ₹ 195
  • Dividend Yield 0.19 %
  • ROCE 20.9 %
  • ROE 16.2 %
  • Face Value ₹ 5.00
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 18.7%

Cons

  • Stock is trading at 13.3 times its book value
  • The company has delivered a poor sales growth of 9.44% over past five years.
  • Earnings include an other income of Rs.396 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Industrials Capital Goods Industrial Products Iron & Steel Products

Part of Nifty MidSmallcap 400 Nifty Smallcap 50 Nifty Smallcap 250 Nifty 500 Multicap 50:25:25 Nifty India Manufacturing

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
2,103 1,778 2,323 2,877 2,073 2,033 2,449 2,281 1,828 1,822 2,378 2,270 1,567
1,928 1,708 2,214 2,742 1,866 1,841 2,181 2,038 1,592 1,634 2,113 1,936 1,394
Operating Profit 175 70 109 135 207 191 268 244 236 188 265 334 173
OPM % 8% 3.9% 4.7% 4.7% 10% 9% 11% 11% 13% 10% 11% 15% 11%
47 242 9 179 33 51 32 414 159 322 13 23 38
Interest 67 52 43 44 43 52 48 49 30 27 28 23 15
Depreciation 38 40 43 43 44 44 43 42 39 37 37 37 41
Profit before tax 116 220 32 227 153 145 210 566 326 445 213 297 156
Tax % 25% 19% 31% 17% 26% 25% 26% 18% 22% 18% 24% 22% 26%
87 178 22 189 114 108 156 464 255 366 161 232 116
EPS in Rs 3.34 6.82 0.84 7.21 4.33 4.13 5.94 17.69 9.68 13.87 6.10 8.79 4.39
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
4,949 3,772 4,346 4,020 4,136 4,253 5,285 5,288 7,731 9,082 8,835 8,299 8,038
4,653 3,601 3,834 3,695 4,043 4,005 4,679 4,977 7,280 8,593 7,912 7,273 7,078
Operating Profit 296 172 512 324 93 249 606 311 451 489 924 1,026 960
OPM % 6% 4.6% 12% 8% 2.3% 6% 11% 6% 6% 5% 10% 12% 12%
134 99 203 128 -118 400 865 476 251 477 515 514 396
Interest 213 201 207 131 118 111 58 77 194 205 192 108 92
Depreciation 243 248 244 116 113 123 110 115 138 165 173 151 152
Profit before tax -26 -179 264 205 -255 414 1,303 595 371 596 1,074 1,282 1,112
Tax % -38% -31% 34% 39% 9% 35% 22% 18% 25% 20% 22% 21%
-16 -123 175 126 -277 268 1,018 486 277 476 842 1,014 875
EPS in Rs -0.60 -4.64 6.58 4.74 -10.45 10.28 39.02 18.61 10.60 18.20 32.08 38.42 33.15
Dividend Payout % -84% -11% 8% 11% -5% 102% 13% 27% 47% 27% 16% 13%
Compounded Sales Growth
10 Years: 8%
5 Years: 9%
3 Years: 2%
TTM: -6%
Compounded Profit Growth
10 Years: 20%
5 Years: -4%
3 Years: 56%
TTM: 17%
Stock Price CAGR
10 Years: 43%
5 Years: 79%
3 Years: 89%
1 Year: 205%
Return on Equity
10 Years: 14%
5 Years: 14%
3 Years: 15%
Last Year: 16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 132 133 133 133 133 130 130 130 131 131 131 132
Reserves 1,738 1,497 1,677 1,783 1,504 1,430 2,576 2,924 3,076 3,433 4,168 5,022
2,139 1,872 1,477 697 749 822 559 1,330 2,536 1,259 417 430
2,983 2,414 3,006 2,893 2,012 2,487 1,906 2,049 2,626 2,939 3,423 3,483
Total Liabilities 6,992 5,916 6,293 5,506 4,397 4,870 5,171 6,433 8,368 7,762 8,140 9,067
2,808 2,596 2,370 2,198 773 817 1,094 1,007 2,288 2,271 2,122 2,280
CWIP 23 25 32 14 40 67 10 5 55 20 36 30
Investments 1,030 953 738 567 616 506 1,723 2,746 1,956 1,472 1,951 2,835
3,132 2,342 3,153 2,726 2,968 3,479 2,344 2,675 4,070 3,999 4,032 3,923
Total Assets 6,992 5,916 6,293 5,506 4,397 4,870 5,171 6,433 8,368 7,762 8,140 9,067

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
256 336 266 792 253 16 378 193 -439 638 1,001 806
557 95 350 188 -236 359 -198 -163 -27 726 122 -733
-732 -488 -594 -902 -39 -374 -197 235 593 -1,546 -1,155 -236
Net Cash Flow 81 -56 22 78 -23 1 -17 265 127 -183 -31 -164
Free Cash Flow 227 293 177 752 224 -125 366 149 -924 479 915 643
CFO/OP 88% 197% 45% 231% 274% 34% 87% 100% -81% 145% 121% 103%

Ratios

Standalone / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 128 95 111 100 64 58 42 55 44 66 54 63
Inventory Days 75 103 154 121 34 175 57 70 114 69 103 108
Days Payable 198 173 224 217 116 95 50 86 81 84 101 96
Cash Conversion Cycle 5 25 41 4 -18 138 49 40 77 52 56 74
Working Capital Days 3 10 15 0 67 65 48 -27 -24 26 2 3
ROCE % 4% -1% 12% 11% 4% 22% 44% 18% 9% 15% 18% 21%

Insights

In beta
Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Line Pipes Sales Volume (India + USA)
KMT

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Stainless Steel Bars Sales Volume
MT
DI Pipes Sales Volume
KMT
TMT Rebars Sales Volume
KMT
Total Order Book Value
INR Crore
Line Pipes Installed Capacity by Geography
KMTPA
US Market Share in Line Pipes
%
Sintex Channel Partners - Retailers
number

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

14 Recently
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
49.96% 49.96% 50.14% 50.03% 50.00% 50.00% 50.00% 49.84% 49.77% 49.73% 49.73% 49.73%
9.42% 10.56% 10.70% 10.51% 11.65% 11.71% 12.18% 12.13% 11.79% 11.45% 11.23% 14.61%
11.53% 11.23% 11.99% 9.74% 11.41% 20.19% 20.50% 20.72% 20.89% 20.55% 21.49% 19.96%
0.02% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
29.05% 28.22% 27.13% 29.67% 26.90% 18.06% 17.28% 17.26% 17.52% 18.26% 17.52% 15.68%
0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03%
No. of Shareholders 82,05899,2841,19,4661,23,4911,16,4851,17,3681,28,4711,28,4661,31,0261,31,3261,22,3381,38,939

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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