Welspun Enterprises Limited
₹1,380.55-₹18.40 (-1.3%)
Last close · Data as of Jun 15, 2026
- Market cap
- ₹6,264 Cr
- P/E
- 20.0x
- EV / EBITDA
- 13.7x
- Revenue
- ₹2,827 Cr
- Net margin
- 11.6%
- ROCE
- 12.9%
Price chart
Technical chartScreen technicals →+162.5% 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
- +170.4%
- 3M
- +199.3%
- 6M
- +170.8%
- 1Y
- +162.5%
- 5Y
- +1,317.4%
52-week range
Day change -₹18.40 (-1.3%) from ₹1,399 to ₹1,381 · Last close Jun 15, 2026
Best weekday to invest, historically
The same weekly amount in WELCORP, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong cash conversion — FCF/PAT ratio of 0.84
Concerns0
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
- 13.8 Cr shares
- ISIN
- INE191B01025
- BSE code
- 532553
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹6,264 Cr
- P/E
- 20.0x
- P/B
- 2.2x
- EV / EBITDA
- 13.7x
- EV / Sales
- 2.5x
- P/S
- 2.6x
- Earnings yield
- 5.0%
- 52-week high
- ₹1,413.00
- 52-week low
- ₹415.40
Profitability
- Operating margin
- 13.8%
- Net margin
- 11.6%
- EBITDA margin
- 17.9%
- ROE
- 11.8%
- ROCE
- 12.9%
- ROA
- 7.7%
- Dividend payout
- 14.0%
- Tax rate
- 28.0%
- Other income, % of PBT
- 25.8%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹2,827 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.
- 15.4%
- 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.
- 6.8%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹439 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.
- -51.2%
- 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.
- 8.1%
- 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.
- 12.4%
- 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.
- -₹106 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.
- -524.0%
- 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.
- ₹191 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.
- -14.9%
Solvency and efficiency
- Current ratio
- 3.34
- Debt / Equity
- 0.08
- Debt / Assets
- 0.05
- Debt / EBITDA
- 0.43
- Interest coverage
- 10.21
- Financial leverage
- 1.54
- CFO / Net profit
- -0.37
- Cash / Market cap
- 35.1%
- Cash per share
- ₹158.95
- Asset turnover
- 0.66
- Fixed asset turnover
- 153.13
- Capital intensity
- 0.01
- Debtor days
- 93 days
- Inventory turnover
- 3.61
- Cash conversion cycle
- -373 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹11 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹2,479 Cr |
| Sales | Operating profit | ₹348 Cr |
| Operating profit | Interest | ₹33 Cr |
| Operating profit | Depreciation | ₹9 Cr |
| Operating profit | Profit before tax | ₹306 Cr |
| Other income | Profit before tax | ₹107 Cr |
| Profit before tax | Tax and other | ₹105 Cr |
| Profit before tax | Net profit | ₹308 Cr |
Revenue and net profit
Revenue grew 15.4% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹1,410 Cr | ₹107 Cr |
| FY2022 | ₹1,307 Cr | ₹93 Cr |
| FY2023 | ₹2,676 Cr | ₹768 Cr |
| FY2024 | ₹2,450 Cr | ₹285 Cr |
| FY2025 | ₹2,827 Cr | ₹308 Cr |
Cash flows
FY2025: ₹274 Cr from operations, ₹258 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹337 Cr | -₹380 Cr |
| FY2022 | ₹222 Cr | -₹44 Cr |
| FY2023 | ₹25 Cr | ₹1,699 Cr |
| FY2024 | -₹106 Cr | -₹182 Cr |
| FY2025 | ₹274 Cr | ₹258 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹2,827 Cr+15.4%1Y
- Net profit
- ₹308 Cr+8.1%1Y
- Cash from operations
- ₹274 Cr
- Free cash flow
- ₹258 Cr
- Revenue CAGR, 5Y
- 6.8%
- EBITDA CAGR, 5Y
- 11.1%
- Net profit CAGR, 5Y
- 12.4%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹2,827 Cr | ₹348 Cr | — | ₹308 Cr | ₹274 Cr | ₹258 Cr | 11.4% | +15.4% | +8.1% |
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 | ₹4,278 Cr |
| Equity capital | ₹137 Cr |
| Reserves | ₹2,553 Cr |
| Borrowings | ₹199 Cr |
| Other liabilities | ₹1,389 Cr |
| Assets | ₹4,278 Cr |
| Fixed assets | ₹16 Cr |
| Capital work in progress | ₹2 Cr |
| Investments | ₹1,633 Cr |
| Other assets | ₹2,628 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
WELCORP trades at 20.0x earnings against a peer median of 38.3x (a 48% discount).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Welspun Enterprises LimitedWELCORPthis companyP/E ↓ discount | ₹6,264 Cr | 20.0x | 2.2x | 11.8% | 13.7x |
| Fujiyama Power Systems LimitedUTLSOLAR | ₹6,662 Cr | 35.6x | — | 18.8% | 66.7x |
| AJAX Engineering LimitedAJAXENGG | ₹6,581 Cr | 26.2x | 5.3x | 24.5% | 20.7x |
| EPL LIMITEDEPL | ₹6,577 Cr | 28.2x | 6.1x | 18.6% | 20.5x |
| Mishra Dhatu Nigam LimitedMIDHANI | ₹6,393 Cr | 59.8x | 4.4x | 6.9% | 28.8x |
| Suprajit Engineering Ltd.SUPRAJIT | ₹6,296 Cr | 24.9x | 4.5x | 18.1% | 18.5x |
| Atlanta Electricals LimitedATLANTAELE | ₹6,283 Cr | 51.5x | 8.0x | 27.3% | 50.7x |
| SML Mahindra LimitedSMLMAH | ₹6,140 Cr | 43.4x | 13.8x | 37.9% | 34.7x |
| Ahluwalia Contracts (India) LtdAHLUCONT | ₹6,018 Cr | 22.9x | 3.1x | 23.5% | 8.9x |
| 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 | 12.0% |
| FY2022 | 11.0% |
| FY2023 | 9.0% |
| FY2024 | 14.0% |
| FY2025 | 12.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹2,827 Cr |
| Costs | |
| Interest | ₹33 Cr |
| Expenses | ₹2,479 Cr |
| Operating profitOperating Profit | ₹348 Cr |
| Other income and charges | |
| Profit before tax | ₹413 Cr |
| Tax | |
| Net profitNet Profit | ₹308 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹4,278 Cr |
| Equity capitalEquity Capital | ₹137 Cr |
| Reserves | ₹2,553 Cr |
| Borrowings | ₹199 Cr |
| Other liabilitiesOther Liabilities | ₹1,389 Cr |
| AssetsTotal Assets | ₹4,278 Cr |
| Fixed assetsFixed Assets | ₹16 Cr |
| Capital work in progressCWIP | ₹2 Cr |
| Investments | ₹1,633 Cr |
| Other assetsOther Assets | ₹2,628 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹274 Cr |
| Investing cash flowCash from Investing Activity | -₹16 Cr |
| Financing cash flowCash from Financing Activity | -₹67 Cr |
| Change in cashNet Cash Flow | ₹191 Cr |
Learn while you research
Academy chapters picked for Welspun Enterprises 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