Welspun Corp Limited
₹2,334.60-₹167.55 (-6.7%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹19,531 Cr
- P/E
- 26.0x
- EV / EBITDA
- 20.7x
- Revenue
- ₹8,835 Cr
- Net margin
- 5.2%
- ROCE
- 10.1%
Price chart
Technical chartScreen technicals →+152.1% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -14.0%
- 3M
- +41.0%
- 6M
- +84.4%
- 1Y
- +152.1%
- 5Y
- +1,687.6%
52-week range
Day change -₹167.55 (-6.7%) from ₹2,502 to ₹2,335 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in WELCORP, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong 5-year revenue CAGR of 16.4%
Concerns1
- Other income is 80.0% of PBT — a large share of earnings is non-operating
Rule-based from financial data. Not advice.
About the company
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.
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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.
- Sector
- Industrials
- Shares outstanding
- 26.4 Cr shares
- ISIN
- INE191B01025
- BSE code
- 532144
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹19,531 Cr
- P/E
- 26.0x
- P/B
- 4.1x
- EV / EBITDA
- 20.7x
- EV / Sales
- 2.2x
- P/S
- 2.2x
- Earnings yield
- 3.8%
- 52-week high
- ₹2,834.60
- 52-week low
- ₹721.85
Profitability
- Operating margin
- 5.4%
- Net margin
- 5.2%
- EBITDA margin
- 10.6%
- ROE
- 13.4%
- ROCE
- 10.1%
- ROA
- 6.1%
- Dividend payout
- 27.0%
- Tax rate
- 20.0%
- Other income, % of PBT
- 80.0%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹8,835 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -2.7%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 16.4%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹966 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 37.6%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 76.9%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 12.2%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹638 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -245.3%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹31.0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -7.2%
Solvency and efficiency
- Current ratio
- 1.86
- Debt / Equity
- 0.35
- Debt / Assets
- 0.16
- Debt / EBITDA
- 1.30
- Interest coverage
- 2.39
- Financial leverage
- 2.18
- CFO / Net profit
- 1.34
- Cash / Market cap
- 20.5%
- Cash per share
- ₹151.72
- Asset turnover
- 1.17
- Fixed asset turnover
- 4.00
- Capital intensity
- 0.25
- Debtor days
- 66 days
- Inventory turnover
- 5.29
- Cash conversion cycle
- 52 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹10 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹7,911 Cr |
| Sales | Operating profit | ₹924 Cr |
| Operating profit | Interest | ₹192 Cr |
| Operating profit | Depreciation | ₹173 Cr |
| Operating profit | Profit before tax | ₹559 Cr |
| Other income | Profit before tax | ₹515 Cr |
| Profit before tax | Tax and other | ₹232 Cr |
| Profit before tax | Net profit | ₹842 Cr |
Revenue and net profit
Revenue fell 2.7% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹5,285 Cr | ₹1,018 Cr |
| FY2022 | ₹5,288 Cr | ₹486 Cr |
| FY2023 | ₹7,731 Cr | ₹277 Cr |
| FY2024 | ₹9,082 Cr | ₹476 Cr |
| FY2025 | ₹8,835 Cr | ₹842 Cr |
Cash flows
FY2025: ₹1,001 Cr from operations, ₹1,123 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹378 Cr | ₹180 Cr |
| FY2022 | ₹193 Cr | ₹30 Cr |
| FY2023 | -₹439 Cr | -₹466 Cr |
| FY2024 | ₹638 Cr | ₹1,364 Cr |
| FY2025 | ₹1,001 Cr | ₹1,123 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹8,835 Cr-2.7%1Y
- Net profit
- ₹842 Cr+76.9%1Y
- Cash from operations
- ₹1,001 Cr
- Free cash flow
- ₹1,123 Cr-17.7%1Y
- Revenue CAGR, 5Y
- 16.4%
- EBITDA CAGR, 5Y
- 8.3%
- Net profit CAGR, 5Y
- 12.2%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹8,835 Cr | ₹924 Cr | — | ₹842 Cr | ₹1,001 Cr | ₹1,123 Cr | 19.6% | -2.7% | +76.9% |
Monthly returns
Month-by-month returns of WELCORP across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹8,140 Cr |
| Equity capital | ₹131 Cr |
| Reserves | ₹4,168 Cr |
| Borrowings | ₹417 Cr |
| Other liabilities | ₹3,423 Cr |
| Assets | ₹8,140 Cr |
| Fixed assets | ₹2,122 Cr |
| Capital work in progress | ₹36 Cr |
| Investments | ₹1,951 Cr |
| Other assets | ₹4,032 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
WELCORP trades at 26.0x earnings against a peer median of 38.3x (a 32% discount).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Welspun Corp LimitedWELCORPthis companyP/E ↓ discount | ₹19,531 Cr | 26.0x | 4.1x | 13.4% | 20.7x |
| eClerx Services LimitedECLERX | ₹21,910 Cr | 55.5x | 15.0x | 23.6% | 38.9x |
| Redington LimitedREDINGTON | ₹21,342 Cr | 15.2x | 4.5x | 29.8% | 13.7x |
| Jyoti CNC Automation LimitedJYOTICNC | ₹21,278 Cr | 60.7x | 9.6x | 8.0% | 75.1x |
| Inox Wind LimitedINOXWIND | ₹19,897 Cr | 33.8x | 3.3x | -7.0% | -530.2x |
| KALPATARU PROJECTS INTERNATIONAL LIMITEDKPIL | ₹19,240 Cr | 23.4x | 2.6x | 9.3% | 11.9x |
| KEC International Ltd.KEC | ₹18,227 Cr | 48.5x | 3.5x | 3.6% | 17.8x |
| Grindwell Norton Ltd.GRINDWELL | ₹17,487 Cr | 46.7x | 7.7x | 18.6% | 29.8x |
| GODAWARI POWER AND ISPAT LTD.GPIL | ₹17,410 Cr | 22.1x | 3.4x | 21.2% | 12.0x |
| Peer median | — | 38.3x | 5.2x | 15.2% | 25.8x |
Year-to-date ROI
WELCORP since 1 January, against earlier years.
Historical volatility
WELCORP's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 11.0% |
| FY2022 | 6.0% |
| FY2023 | 6.0% |
| FY2024 | 5.0% |
| FY2025 | 10.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹8,835 Cr |
| Costs | |
| Interest | ₹192 Cr |
| Expenses | ₹7,912 Cr |
| Operating profitOperating Profit | ₹924 Cr |
| Other income and charges | |
| Profit before tax | ₹1,074 Cr |
| Tax | |
| Net profitNet Profit | ₹842 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹8,140 Cr |
| Equity capitalEquity Capital | ₹131 Cr |
| Reserves | ₹4,168 Cr |
| Borrowings | ₹417 Cr |
| Other liabilitiesOther Liabilities | ₹3,423 Cr |
| AssetsTotal Assets | ₹8,140 Cr |
| Fixed assetsFixed Assets | ₹2,122 Cr |
| Capital work in progressCWIP | ₹36 Cr |
| Investments | ₹1,951 Cr |
| Other assetsOther Assets | ₹4,032 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹1,001 Cr |
| Investing cash flowCash from Investing Activity | ₹122 Cr |
| Financing cash flowCash from Financing Activity | -₹1,155 Cr |
| Change in cashNet Cash Flow | -₹31 Cr |
Learn while you research
Academy chapters picked for Welspun Corp Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 04 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
- 05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read