Welspun Specialty Solutions Ltd

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

Welspun Specialty Solutions Ltd

₹ 43.0 -1.15%
15 May 2:04 p.m.
rmgalloysteel.com BSE: 500365 NSE: WELSPLSOL
About

Welspun Specialty Solutions is fully Integrated Manufacturing Facility for Stainless Steel Long Products and Seamless Pipes & Tubes spread over an area of 126 acres in Jhagadia, Gujarat.

Key Points

Business Profile[1][2]
Welspun Specialty Solutions Limited (WSSL) is a leading manufacturer of alloy and stainless steel products, operating as a subsidiary of Welspun Corp Limited. It is unique in India as the only integrated producer of quality stainless steel pipes and tubes, handling the entire production process from steel making to finished products under one roof.

Website BSE NSE
  • Market Cap ₹ 2,849 Cr.
  • Current Price ₹ 43.0
  • High / Low ₹ 47.2 / 29.8
  • Stock P/E 126
  • Book Value ₹ 6.89
  • Dividend Yield 0.00 %
  • ROCE 10.2 %
  • ROE 5.09 %
  • Face Value ₹ 6.00
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 20.3% CAGR over last 5 years

Cons

  • Stock is trading at 6.18 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 10.4% over last 3 years.
  • Earnings include an other income of Rs.18.0 Cr.
  • Debtor days have increased from 48.9 to 58.9 days.
  • Company's cost of borrowing seems high
  • Working capital days have increased from 39.6 days to 66.3 days

* 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 Industrials

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Quarterly Results

Figures in Rs. Crores

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
137.80 162.83 207.82 174.75 151.27 162.10 167.42 194.05 200.15 201.32 239.08 226.05 219.75
119.72 142.99 195.82 162.83 139.20 151.25 164.66 186.59 190.42 197.01 224.62 209.09 208.59
Operating Profit 18.08 19.84 12.00 11.92 12.07 10.85 2.76 7.46 9.73 4.31 14.46 16.96 11.16
OPM % 13.12% 12.18% 5.77% 6.82% 7.98% 6.69% 1.65% 3.84% 4.86% 2.14% 6.05% 7.50% 5.08%
2.99 3.46 5.71 7.19 5.14 5.93 5.56 5.52 8.37 9.70 3.63 2.81 1.85
Interest 9.25 8.36 8.62 9.10 7.17 10.28 10.60 12.37 10.71 10.80 4.36 5.90 4.75
Depreciation 3.76 3.80 3.89 3.91 3.88 3.90 4.07 4.21 4.01 3.96 4.08 4.36 4.31
Profit before tax 8.06 11.14 5.20 6.10 6.16 2.60 -6.35 -3.60 3.38 -0.75 9.65 9.51 3.95
Tax % 0.00% 0.00% 0.00% 0.00% -549.84% 25.00% 0.00% 0.00% -5.33% 0.00% 0.00% 0.00% -7.85%
8.06 11.14 5.20 6.10 40.03 1.95 -6.35 -3.60 3.56 -0.75 9.65 9.51 4.26
EPS in Rs 0.12 0.17 0.08 0.09 0.60 0.03 -0.10 -0.05 0.05 -0.01 0.15 0.14 0.06
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
332 267 262 240 441 295 93 163 418 697 724 886
341 280 277 251 477 366 113 182 401 641 693 839
Operating Profit -9 -13 -15 -11 -36 -71 -20 -18 17 56 31 47
OPM % -3% -5% -6% -4% -8% -24% -21% -11% 4% 8% 4% 5%
34 5 9 10 32 15 138 19 15 22 25 18
Interest 50 46 45 47 9 15 11 19 30 33 44 26
Depreciation 12 7 7 7 7 10 14 14 15 15 16 17
Profit before tax -37 -60 -58 -55 -20 -81 93 -32 -14 29 -4 22
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% -118% 2% -1%
-37 -60 -58 -55 -20 -81 93 -32 -14 62 -4 23
EPS in Rs -2.70 -4.43 -4.31 -4.02 -0.46 -1.33 1.41 -0.49 -0.21 0.94 -0.06 0.34
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 13%
5 Years: 57%
3 Years: 28%
TTM: 22%
Compounded Profit Growth
10 Years: 9%
5 Years: 20%
3 Years: 54%
TTM: 611%
Stock Price CAGR
10 Years: 29%
5 Years: 26%
3 Years: 32%
1 Year: 36%
Return on Equity
10 Years: %
5 Years: 4%
3 Years: 10%
Last Year: 5%

Balance Sheet

Figures in Rs. Crores

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 65 65 65 65 208 293 318 318 318 318 398 398
Reserves -264 -304 -510 -391 -420 -398 -279 -274 -289 -225 37 59
416 418 607 800 410 374 172 241 233 260 21 35
77 68 50 107 214 60 89 88 214 235 273 379
Total Liabilities 293 246 212 582 412 329 300 372 477 587 728 871
123 118 110 105 100 219 224 212 207 198 195 203
CWIP 1 0 0 7 85 12 5 6 1 5 2 49
Investments 0 0 0 67 0 0 0 0 0 0 24 144
169 129 101 402 227 99 71 154 268 384 506 476
Total Assets 293 246 212 582 412 329 300 372 477 587 728 871

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-15 25 18 -5 -2 -27 43 -84 50 7 58 128
-2 -1 4 -74 -18 -48 -9 -4 -5 -12 -39 -177
14 -25 -24 320 -222 74 -34 93 -50 5 53 -12
Net Cash Flow -3 -1 -2 241 -243 0 0 5 -5 -0 72 -61
Free Cash Flow -17 24 18 -17 -82 -83 31 -88 45 -5 42 67
CFO/OP 166% -196% -117% 48% 6% 38% -210% 450% 291% 14% 189% 274%

Ratios

Figures in Rs. Crores

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 73 89 58 122 59 13 40 34 36 25 62 59
Inventory Days 74 106 121 179 159 112 337 431 289 223 189 153
Days Payable 101 130 93 202 169 65 116 255 291 173 201 214
Cash Conversion Cycle 46 65 86 99 50 60 261 211 34 76 51 -2
Working Capital Days -92 -16 -87 -405 -126 -150 101 138 34 -9 62 66
ROCE % -8% -9% -9% -4% -12% -33% -13% -6% 6% 20% 10% 10%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
SS Bars & Products Sales Volume
MT

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SS Pipes & Tubes Sales Volume
MT
Seamless Pipes & Tubes Installed Capacity
MTPA
Stainless Steel Melting Shop Installed Capacity
MTPA
Order Book Volume
MT
Renewable Electricity Proportion
%
New Customers Addition
Number

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
55.17% 55.17% 55.17% 55.17% 55.17% 55.17% 55.17% 55.17% 55.17% 55.17% 55.17% 55.17%
0.02% 0.00% 0.00% 0.00% 0.00% 0.03% 0.02% 0.03% 0.02% 0.01% 0.01% 1.30%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.22% 0.00% 0.00% 0.03% 0.00%
44.80% 44.82% 44.82% 44.82% 44.83% 44.80% 44.80% 44.58% 44.80% 44.82% 44.79% 43.53%
No. of Shareholders 85,10987,83587,77888,35292,35796,40696,89999,58199,07198,93398,46997,199

* 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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