Welspun Corp Ltd

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

Welspun Corp Ltd

₹ 1,529 -0.77%
08 Jul - 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 ₹ 40,339 Cr.
  • Current Price ₹ 1,529
  • High / Low ₹ 1,567 / 710
  • Stock P/E 25.0
  • Book Value ₹ 347
  • Dividend Yield 0.33 %
  • ROCE 22.9 %
  • ROE 19.4 %
  • Face Value ₹ 5.00
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Pros

  • Company has delivered good profit growth of 20.9% CAGR over last 5 years

Cons

* 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 Nifty500 Shariah Nifty Smallcap 100 Nifty Metal

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
4,070 4,069 4,059 4,750 4,461 3,137 3,302 3,614 3,925 3,551 4,374 4,532 4,313
3,650 3,712 3,660 4,287 4,131 2,763 2,902 3,179 3,465 3,026 3,783 3,917 3,809
Operating Profit 421 357 400 463 330 374 400 434 460 525 591 616 504
OPM % 10% 9% 10% 10% 7% 12% 12% 12% 12% 15% 14% 14% 12%
91 50 227 62 178 83 125 487 570 84 131 120 142
Interest 95 92 75 62 75 66 83 82 88 63 49 51 49
Depreciation 91 86 86 90 87 85 89 90 87 85 84 93 93
Profit before tax 325 228 466 373 347 305 352 749 855 461 588 593 504
Tax % 26% 26% 17% 21% 17% 19% 20% 10% 18% 24% 25% 23% 26%
240 168 387 294 287 248 283 672 699 349 444 456 371
EPS in Rs 9.02 6.32 14.70 11.15 10.24 9.46 10.94 25.72 26.62 13.31 16.68 17.16 14.04
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
8,450 7,236 5,899 6,347 8,953 9,957 7,153 6,505 9,758 17,340 13,978 16,770
7,595 6,449 5,380 5,874 8,310 8,756 6,357 6,032 9,264 15,778 12,293 14,534
Operating Profit 855 787 519 473 644 1,201 795 473 494 1,561 1,684 2,236
OPM % 10% 11% 9% 7% 7% 12% 11% 7% 5% 9% 12% 13%
96 99 139 128 -106 243 618 544 386 504 1,248 478
Interest 283 241 236 170 177 144 85 102 243 304 320 212
Depreciation 436 386 386 258 260 233 246 255 303 348 351 355
Profit before tax 231 258 36 173 101 1,067 1,082 661 334 1,413 2,262 2,147
Tax % 8% 31% 72% 12% 122% 39% 24% 33% 40% 20% 16% 25%
214 179 10 153 -22 654 827 444 199 1,136 1,902 1,620
EPS in Rs 2.62 5.72 1.00 5.97 -0.50 24.36 29.42 16.82 7.90 42.44 72.73 61.15
Dividend Payout % 19% 9% 50% 8% -100% 43% 17% 30% 63% 12% 7% 8%
Compounded Sales Growth
10 Years: 9%
5 Years: 19%
3 Years: 20%
TTM: 20%
Compounded Profit Growth
10 Years: 29%
5 Years: 21%
3 Years: 119%
TTM: 33%
Stock Price CAGR
10 Years: 34%
5 Years: 61%
3 Years: 71%
1 Year: 63%
Return on Equity
10 Years: 13%
5 Years: 15%
3 Years: 19%
Last Year: 19%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 2,667 2,666 2,677 2,721 2,665 3,085 3,952 4,298 4,582 5,467 7,313 9,024
3,021 2,644 1,843 1,386 1,305 1,061 1,021 2,057 3,381 1,967 1,122 2,355
3,998 3,195 3,595 3,452 4,097 3,667 2,588 2,684 7,180 4,249 6,635 8,889
Total Liabilities 9,818 8,637 8,247 7,693 8,200 7,943 7,692 9,169 15,274 11,813 15,201 20,400
4,662 3,730 3,356 3,046 1,567 1,617 2,599 2,433 4,910 4,800 4,707 6,536
CWIP 80 34 32 17 47 83 147 1,261 87 87 787 1,241
Investments 805 1,017 725 488 476 784 1,713 2,307 1,537 1,100 1,402 1,864
4,271 3,855 4,134 4,143 6,110 5,460 3,233 3,168 8,740 5,827 8,306 10,759
Total Assets 9,818 8,637 8,247 7,693 8,200 7,943 7,692 9,169 15,274 11,813 15,201 20,400

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
901 354 403 981 623 648 774 218 -185 1,306 1,504 3,204
338 -326 618 184 -255 -49 -848 -201 -348 373 194 -3,714
-1,106 -99 -979 -761 -335 -743 -198 453 909 -1,877 -1,369 875
Net Cash Flow 133 -71 42 405 33 -144 -271 470 376 -198 328 365
Free Cash Flow 812 122 322 933 565 474 518 -757 -1,235 1,022 690 715
CFO/OP 108% 60% 69% 200% 110% 77% 118% 78% -13% 96% 109% 157%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 49 71 91 76 48 42 34 46 43 38 46 37
Inventory Days 138 107 159 125 129 127 93 78 286 70 173 166
Days Payable 154 132 198 177 92 81 55 75 130 68 133 118
Cash Conversion Cycle 33 45 52 24 86 88 72 48 199 40 87 85
Working Capital Days 18 5 33 22 49 39 36 -47 -26 12 8 -23
ROCE % 8% 8% 5% 7% 12% 30% 20% 13% 6% 20% 21% 23%

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

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
49.99% 49.96% 49.96% 50.14% 50.03% 50.00% 50.00% 50.00% 49.84% 49.77% 49.73% 49.73%
7.78% 9.42% 10.56% 10.70% 10.51% 11.65% 11.71% 12.18% 12.13% 11.79% 11.45% 11.23%
10.96% 11.53% 11.23% 11.99% 9.74% 11.41% 20.19% 20.50% 20.72% 20.89% 20.55% 21.49%
0.01% 0.02% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
31.28% 29.05% 28.22% 27.13% 29.67% 26.90% 18.06% 17.28% 17.26% 17.52% 18.26% 17.52%
0.00% 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 83,31582,05899,2841,19,4661,23,4911,16,4851,17,3681,28,4711,28,4661,31,0261,31,3261,22,338

* 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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