Welspun Corp Ltd

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

Welspun Corp Ltd

₹ 959 -0.88%
11 Jun 1:57 p.m.
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

Market Position
The company ranks among the top 3 line pipe manufacturers globally and is one of the largest producers of large-diameter SAW/ERW pipes worldwide. [1] [2]

Website BSE NSE
  • Market Cap ₹ 25,246 Cr.
  • Current Price ₹ 959
  • High / Low ₹ 995 / 505
  • Stock P/E 16.8
  • Book Value ₹ 284
  • Dividend Yield 0.52 %
  • ROCE 25.6 %
  • ROE 23.1 %
  • Face Value ₹ 5.00
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Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 18.3% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 27.3%

Cons

  • Earnings include an other income of Rs.1,264 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 BSE 500 Nifty 500 BSE SmallCap Nifty Smallcap 100 Nifty Metal

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
2,011 1,322 1,964 2,402 4,070 4,069 4,059 4,750 4,461 3,137 3,302 3,614 3,925
1,940 1,293 2,095 2,236 3,650 3,712 3,660 4,287 4,131 2,763 2,902 3,179 3,465
Operating Profit 71 29 -131 166 421 357 400 463 330 374 400 434 460
OPM % 4% 2% -7% 7% 10% 9% 10% 10% 7% 12% 12% 12% 12%
415 76 191 38 91 50 227 62 178 83 125 487 570
Interest 30 31 47 70 95 92 75 62 75 66 83 82 88
Depreciation 63 61 70 80 91 86 86 90 87 85 89 90 87
Profit before tax 393 13 -58 53 325 228 466 373 347 305 352 749 855
Tax % 33% 107% 9% 56% 26% 26% 17% 21% 17% 19% 20% 10% 18%
264 -1 -63 23 240 168 387 294 287 248 283 672 699
EPS in Rs 9.05 0.16 -2.16 0.89 9.02 6.32 14.70 11.15 10.24 9.46 10.94 25.72 26.62
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
7,705 8,450 7,236 5,899 6,347 8,953 9,957 7,153 6,505 9,758 17,340 13,978
7,035 7,595 6,449 5,380 5,874 8,310 8,794 6,369 6,032 9,264 15,778 12,309
Operating Profit 670 855 787 519 473 644 1,163 784 473 494 1,561 1,668
OPM % 9% 10% 11% 9% 7% 7% 12% 11% 7% 5% 9% 12%
174 96 99 139 128 -106 281 629 544 386 504 1,264
Interest 296 283 241 236 170 177 144 85 102 243 304 320
Depreciation 406 436 386 386 258 260 233 246 255 303 348 351
Profit before tax 141 231 258 36 173 101 1,067 1,082 661 334 1,413 2,262
Tax % 31% 8% 31% 72% 12% 122% 39% 24% 33% 40% 20% 16%
98 214 179 10 153 -22 654 827 444 199 1,136 1,902
EPS in Rs 2.79 2.62 5.72 1.00 5.97 -0.50 24.36 29.42 16.82 7.90 42.44 72.73
Dividend Payout % 18% 19% 9% 50% 8% -100% 43% 17% 30% 63% 12% 7%
Compounded Sales Growth
10 Years: 5%
5 Years: 7%
3 Years: 29%
TTM: -19%
Compounded Profit Growth
10 Years: 35%
5 Years: 18%
3 Years: 50%
TTM: 48%
Stock Price CAGR
10 Years: 29%
5 Years: 67%
3 Years: 60%
1 Year: 84%
Return on Equity
10 Years: 12%
5 Years: 16%
3 Years: 16%
Last Year: 23%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 131 132 133 133 133 133 130 130 130 131 131 131
Reserves 2,718 2,667 2,666 2,677 2,721 2,665 3,085 3,952 4,298 4,582 5,467 7,332
3,824 3,021 2,644 1,843 1,386 1,305 1,061 1,021 2,057 3,381 1,967 1,104
2,157 3,998 3,195 3,595 3,452 4,097 3,667 2,588 2,684 7,180 4,249 6,671
Total Liabilities 8,830 9,818 8,637 8,247 7,693 8,200 7,943 7,692 9,169 15,274 11,813 15,237
4,923 4,662 3,730 3,356 3,046 1,567 1,617 2,599 2,433 4,910 4,800 4,708
CWIP 115 80 34 32 17 47 83 147 1,261 87 87 785
Investments 1,140 805 1,017 725 488 476 784 1,713 2,307 1,537 1,100 1,402
2,653 4,271 3,855 4,134 4,143 6,110 5,460 3,233 3,168 8,740 5,827 8,342
Total Assets 8,830 9,818 8,637 8,247 7,693 8,200 7,943 7,692 9,169 15,274 11,813 15,237

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
227 901 354 403 981 623 648 774 218 -185 1,306 1,504
-229 338 -326 618 184 -255 -49 -848 -201 -348 373 180
-527 -1,106 -99 -979 -761 -335 -743 -198 453 909 -1,877 -1,369
Net Cash Flow -528 133 -71 42 405 33 -144 -271 470 376 -198 315

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 30 49 71 91 76 48 46 34 46 43 38 46
Inventory Days 94 138 107 159 125 129 127 93 78 290 70 173
Days Payable 48 154 132 198 177 92 81 55 75 131 68 133
Cash Conversion Cycle 77 33 45 52 24 86 92 72 48 201 40 87
Working Capital Days 30 27 34 47 23 56 50 55 -13 26 19 35
ROCE % 5% 8% 8% 5% 7% 12% 30% 19% 13% 6% 20% 26%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
50.01% 49.90% 49.90% 49.99% 49.99% 49.96% 49.96% 50.14% 50.03% 50.00% 50.00% 50.00%
8.95% 9.03% 7.96% 7.27% 7.78% 9.42% 10.56% 10.70% 10.51% 11.65% 11.71% 12.18%
10.57% 11.19% 11.04% 11.43% 10.96% 11.53% 11.23% 11.99% 9.74% 11.41% 20.19% 20.50%
0.00% 0.01% 0.01% 0.01% 0.01% 0.02% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
30.47% 29.87% 31.10% 31.29% 31.28% 29.05% 28.22% 27.13% 29.67% 26.90% 18.06% 17.28%
0.00% 0.00% 0.00% 0.00% 0.00% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03%
No. of Shareholders 92,82696,69087,64385,79483,31582,05899,2841,19,4661,23,4911,16,4851,17,3681,28,471

* 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.

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