Welspun Enterprises Limited
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.
Valuation
Profitability
Returns
Solvency
AI Summary
Indian StockRule-based from financial data. Not advice.
Historically, Jun has averaged the highest return (+35.3%); Feb the lowest (-15.1%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -8.5%Negative MonthJan 2026: -8.48% | +2.5%Positive MonthFeb 2026: +2.49% | -14.6%Negative MonthMar 2026: -14.61% | +25.8%Positive MonthApr 2026: +25.83% | -1.2%Neutral MonthMay 2026: -1.18% | +167.3%Positive MonthJun 2026: +167.26% | β | β | β | β | β | β |
| 2025 | -1.8%Neutral MonthJan 2025: -1.79% | -31.2%Negative MonthFeb 2025: -31.21% | +16.4%Positive MonthMar 2025: +16.44% | -0.7%Neutral MonthApr 2025: -0.70% | +5.0%Positive MonthMay 2025: +5.01% | +7.2%Positive MonthJun 2025: +7.22% | -8.8%Negative MonthJul 2025: -8.84% | -5.0%Negative MonthAug 2025: -4.97% | +6.6%Positive MonthSep 2025: +6.60% | +12.3%Positive MonthOct 2025: +12.25% | -5.9%Negative MonthNov 2025: -5.93% | -1.6%Neutral MonthDec 2025: -1.59% |
| 2024 | +8.7%Positive MonthJan 2024: +8.69% | -11.3%Negative MonthFeb 2024: -11.35% | -3.0%Negative MonthMar 2024: -3.01% | +19.9%Positive MonthApr 2024: +19.89% | +23.5%Positive MonthMay 2024: +23.45% | -0.5%Neutral MonthJun 2024: -0.48% | +24.0%Positive MonthJul 2024: +23.95% | +5.5%Positive MonthAug 2024: +5.53% | -5.1%Negative MonthSep 2024: -5.13% | -10.9%Negative MonthOct 2024: -10.89% | +7.3%Positive MonthNov 2024: +7.27% | +15.4%Positive MonthDec 2024: +15.35% |
| 2023 | -12.8%Negative MonthJan 2023: -12.77% | -15.4%Negative MonthFeb 2023: -15.37% | +2.3%Positive MonthMar 2023: +2.32% | +13.1%Positive MonthApr 2023: +13.05% | +7.3%Positive MonthMay 2023: +7.29% | +32.3%Positive MonthJun 2023: +32.25% | +16.1%Positive MonthJul 2023: +16.10% | +18.7%Positive MonthAug 2023: +18.65% | +2.3%Positive MonthSep 2023: +2.29% | -7.7%Negative MonthOct 2023: -7.73% | +26.0%Positive MonthNov 2023: +26.03% | -1.2%Neutral MonthDec 2023: -1.20% |
| 2022 | +3.5%Positive MonthJan 2022: +3.52% | -20.1%Negative MonthFeb 2022: -20.12% | -7.4%Negative MonthMar 2022: -7.42% | +21.9%Positive MonthApr 2022: +21.93% | +6.9%Positive MonthMay 2022: +6.86% | +2.9%Positive MonthJun 2022: +2.89% | +3.3%Positive MonthJul 2022: +3.27% | +12.5%Positive MonthAug 2022: +12.48% | +12.2%Positive MonthSep 2022: +12.19% | +0.4%Neutral MonthOct 2022: +0.43% | +17.9%Positive MonthNov 2022: +17.89% | +10.2%Positive MonthDec 2022: +10.24% |
| 2021 | β | β | β | β | β | +2.6%Positive MonthJun 2021: +2.65% | -4.5%Negative MonthJul 2021: -4.52% | -6.9%Negative MonthAug 2021: -6.87% | +10.2%Positive MonthSep 2021: +10.23% | -9.6%Negative MonthOct 2021: -9.60% | -4.3%Negative MonthNov 2021: -4.34% | +1.8%Neutral MonthDec 2021: +1.76% |
| AvgΒ±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation β the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position β all Januaries together, all Februaries together, and so on β to show whether a given month has leaned positive or negative historically. βSimpleβ counts each month as +1 or β1. βWeightedβ gives larger moves more influence: +2 above +10%, β2 below β10%. With only 6 years of history for this asset, each monthβs score reflects a small number of observations β read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the assetβs full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
Year-to-date return is calculated by dividing each dayβs closing price by the price on January 1st of that year (or the assetβs first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen β at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in βAverage fromβ, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.
Historical Performance
Revenue, profitability, and cash flow trends (βΉ Crores)
Revenue (10Y)
Operating Income (10Y)
Net Profit (10Y)
Operating Margin % (10Y)
Dividend Payout % (10Y)
Free Cash Flow (10Y)
Growth Summary
Latest fiscal year: Mar 2025
Historical Growth
Year-by-year revenue, profitability, and cash flow (βΉ Crores, last 10 years)
| Year | Revenue | Op. Income | Net Profit | CFO | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|---|
| Mar 2025 | βΉ2.83 K Cr | β | βΉ308.00 Cr | β | β | 11.4% | 15.4% | 8.1% |
| Mar 2024 | βΉ2.45 K Cr | β | βΉ285.00 Cr | β | β | 11.8% | -8.4% | -62.9% |
| Mar 2023 | βΉ2.68 K Cr | β | βΉ768.00 Cr | β | β | 31.2% | 104.7% | 725.8% |
| Mar 2022 | βΉ1.31 K Cr | β | βΉ93.00 Cr | β | β | 4.9% | -7.3% | -13.1% |
| Mar 2021 | βΉ1.41 K Cr | β | βΉ107.00 Cr | β | β | 5.9% | -19.9% | -32.7% |
| Mar 2020 | βΉ1.76 K Cr | β | βΉ159.00 Cr | β | β | 9.2% | 1.2% | 3.2% |
| Mar 2019 | βΉ1.74 K Cr | β | βΉ154.00 Cr | β | β | 9.6% | 74.4% | 40.0% |
| Mar 2018 | βΉ997.00 Cr | β | βΉ110.00 Cr | β | β | 7.5% | 241.4% | 155.8% |
| Mar 2017 | βΉ292.00 Cr | β | βΉ43.00 Cr | β | β | 3.2% | 57.8% | 0.0% |
| Mar 2016 | βΉ185.00 Cr | β | βΉ43.00 Cr | β | β | 2.9% | 0.5% | 330.0% |
Financial Statements
Income statement, balance sheet, and cash flow (βΉ Crores, as reported)
Consolidated Figures in USD Millions.
| Unnamed: 0 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue / Net Sales | 203 | 184 | 185 | 292 | 997 | 1,739 | 1,760 | 1,410 | 1,307 | 2,676 | 2,450 | 2,827 | 2,615 |
| Total Expenses | 227 | 199 | 277 | 322 | 927 | 1,557 | 1,554 | 1,241 | 1,163 | 2,440 | 2,114 | 2,479 | 2,256 |
| EBIT / Operating Profit | -24 | -14 | -92 | -30 | 70 | 182 | 206 | 169 | 144 | 237 | 337 | 348 | 359 |
| OPM % | -12% | -8% | -50% | -10% | 7% | 10% | 12% | 12% | 11% | 9% | 14% | 12% | 14% |
| Other Income | -1 | 76 | 168 | 108 | 110 | 74 | 53 | 29 | 38 | 663 | 102 | 107 | 109 |
| Finance Costs | 13 | 13 | 11 | 8 | 8 | 14 | 25 | 45 | 53 | 76 | 33 | 33 | 38 |
| Depreciation & Amortisation | 28 | 25 | 26 | 17 | 20 | 11 | 19 | 12 | 12 | 10 | 10 | 9 | 10 |
| Profit Before Tax | -66 | 24 | 38 | 53 | 153 | 232 | 214 | 141 | 116 | 815 | 396 | 413 | 419 |
| Tax % | -11% | 57% | -12% | 19% | 28% | 34% | 26% | 24% | 19% | 6% | 28% | 26% | - |
| Net Profit / PAT | -58 | 10 | 43 | 43 | 110 | 154 | 159 | 107 | 93 | 768 | 285 | 308 | 314 |
| EPS (βΉ) | -14.56 | 2.54 | 2.47 | 2.94 | 7.44 | 10.38 | 10.73 | 7.22 | 6.24 | 51.21 | 20.60 | 22.23 | 22.69 |
| Dividend Payout % | 0% | 0% | 0% | 26% | 20% | 19% | 19% | 21% | 24% | 17% | 14% | 13% | - |
Peer Comparison
Industrials sector peers, ranked by market cap
| Company | Market Cap | Revenue | P/E | P/B | EV/EBITDA | Rev G 1Y |
|---|---|---|---|---|---|---|
| Welspun Enterprises Limitedthis co. | βΉ6.26 K Cr | βΉ2.83 K Cr | 20.00 | 2.23 | 13.70 | 15.4% |
| Larsen & Toubro Limited | βΉ5.35 L Cr | βΉ1.43 L Cr | 52.20 | 7.87 | 34.29 | 12.9% |
| Adani Ports and Special Economic Zone Ltd | βΉ3.29 L Cr | βΉ7.91 K Cr | 159.00 | 10.36 | 62.82 | 16.2% |
| Solar Industries India Limited | βΉ1.15 L Cr | βΉ4.46 K Cr | 121.00 | 32.81 | 128.61 | 19.9% |
| Polycab India Limited | βΉ1.14 L Cr | βΉ21.91 K Cr | 46.90 | 10.84 | 42.32 | 21.4% |
| Cummins India Ltd. | βΉ1.10 L Cr | βΉ10.34 K Cr | 49.50 | 15.01 | 47.01 | 15.4% |
| Ashok Leyland Ltd. | βΉ1.09 L Cr | βΉ38.75 K Cr | 32.00 | 9.49 | 22.91 | 1.0% |
| Industry Average | β | βΉ5.40 K Cr | 57.83 | 7.16 | 40.88 | 45.0% |
