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Welspun Corp Limited

Welspun Corp Limited

WELCORP.BO
Welspun Corp LimitedIN flagBombay Stock Exchange
1,529.10
INR
-11.85
- -
407.59BMarket Cap
Welspun Corp Limited
WELCORP.BO
(Bombay Stock Exchange)

Recent

price

1,529.10

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
392.18
409.84
391.79
293.01
321.37
267.14
212.15
230.53
327.08
370.41
260.24
242.54
363.07
645.97
508.24
615.3
548.73
Revenue per Share
30.47
10.89
-3.03
2.79
2.63
5.76
1
5.97
-0.5
24.12
29.42
16.82
7.91
42.45
72.8
61.23
76.65
Basic EPS, GAAP
-21.63
42.47
-25.25
2.3
30.83
4.57
12.1
34.95
21.23
17.96
17.45
-29.15
-52.79
38.5
24.83
25.51
- -
Free Cash Flow per Basic Share
2.33
2.17
0.57
0.58
0.59
0.6
0.6
0.61
0.6
10.4
0.49
4.99
4.98
5
5
5.01
- -
Dividend per Share
93.48
88.74
82.04
70.76
66.06
71.13
68.42
74.18
70.06
82.88
101.58
113.28
116.03
134.95
202.15
257.14
- -
Book Value per Share
146.77
155.76
189.44
115.62
102.3
110.76
109.65
109.2
104.88
122.2
147.84
160.09
171.73
205.66
279.14
341.89
- -
Tangible Book Value per Share
205
219
232
263
263
263
265
265
265
263
261
261
261
262
262
263
262
Basic Weighted Avg Shares
80,221
89,766
90,832
77,047
84,505
70,383
56,266
61,142
86,751
97,590
67,893
63,292
94,871
168,956
133,218
162,092
143,918
Sales/Revenue/Turnover
13.22
6.36
4.83
5.68
5.11
4.82
2.46
5.78
6.69
10.57
7.77
3.78
2.37
7.59
10.02
12.31
10.2
Operating Margin (%)
2,439
3,515
4,761
4,063
4,365
3,865
3,861
3,793
3,746
2,333
2,465
2,548
3,030
3,479
3,511
3,546
3,510
Depreciation Expense
6,233
2,385
-703
734
690
1,518
264
1,583
-133
6,355
7,676
4,388
2,067
11,104
19,081
16,130
20,104
Net Income, GAAP
31.54
40.27
23.74
30.56
7.67
30.65
71.84
10.32
67.14
37.34
23.36
32.76
40.3
19.63
15.9
24.51
17.13
Effective Tax Rate (%)
7.77
2.66
-0.77
0.95
0.82
2.16
0.47
2.59
-0.15
6.51
11.31
6.93
2.18
6.57
14.32
9.95
13.97
Profit Margin (%)
22,221
21,226
25,997
13,873
11,472
13,944
12,745
13,544
22,298
20,247
21,062
13,603
14,852
21,097
21,149
27,527
- -
Working Capital
32,620
47,598
49,531
28,035
22,295
18,461
15,215
12,717
10,778
5,569
5,796
10,459
19,450
16,353
6,015
17,631
- -
LT Debt
35,824
44,365
60,124
30,581
27,029
29,306
29,230
29,106
27,926
32,294
42,095
45,276
48,441
57,345
77,288
94,059
- -
Total Equity
11.41
3.95
3.16
3.47
6.82
4.32
0.75
6.81
4.36
14.65
7.93
2.59
1.72
12.03
12.73
13.92
- -
Return on Invested Capital (%)
16.17
7.21
4.3
3.43
3.78
6.41
2.59
8.34
1.43
21.72
21.76
11.75
6.23
21.92
35.54
21.94
82.45
Return on Capital (%)
37.95
12.37
-3.66
3.9
3.84
8.41
1.43
8.37
-0.69
31.45
31.76
15.65
6.9
33.85
43.23
26.72
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
ST Debt
- -
4,811
- -
LT Borrowings
- -
4,422
- -
LT Finance Leases
- -
1,592
- -
Preferred Equity and Hybrid Capital
- -
189
- -
Shares Outstanding
- -
262
- -
Market Capitalization
212,232
227,514
242,710

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
Total Current Assets
- -
84,370
- -
Cash, Cash Equivalents & STI
- -
17,584
- -
Accounts Receivable, Net
- -
17,691
- -
Inventories
- -
42,115
- -
Total Current Liabilities
- -
63,221
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
4,811
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.07%
17.88%
21.7%
Free Cash Flow
-9.48%
-78.19%
3.24%
Net Income, GAAP
-416.64%
79.58%
-15.46%
Sales/Revenue/Turnover
13.43%
24.34%
21.67%
Total Cash Common Dividend
242.71%
182.22%
0.73%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
40,693
40,594
47,497
40,172
168,956
2025
31,372
33,018
36,135
39,250
133,218
2026
35,515
45,325
43,126
- -
162,092

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6.32
14.71
11.16
- -
42.45
2025
9.49
10.97
25.73
26.63
72.8
2026
13.32
17.17
14.04
- -
61.23

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
5
2025
- -
- -
- -
- -
5
2026
- -
- -
- -
- -
5.01
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Business
Welspun Corp Limited manufactures and supplies welded line pipes, ductile iron pipes, stainless steel pipes, tubes and bars, TMT rebars, steel billets, pig iron and water storage solutions including Sintex water tanks and uPVC interiors; it provides end-to-end pipe solutions encompassing high-frequency welded (HFW), high-frequency induction welded (HFIW), horizontal submerged arc welded (HSAW) and longitudinal submerged arc welded (LSAW) pipes ranging from 1.5 to 143 inches in diameter, along with specialized coating, double jointing, bending and yard management services. The company operates manufacturing facilities in Anjar and Mandya in Gujarat, Bhopal in Madhya Pradesh, and Jhagadia in India, Little Rock in Arkansas in the United States and Dammam in Saudi Arabia, with a combined installed capacity of 2.2 million metric tons across five plants; it serves oil and gas majors, water infrastructure projects and construction sectors with a global footprint across six continents and over 50 countries. Incorporated in 1995 and headquartered in Mumbai, India, Welspun Corp functions as the flagship pipe solutions and building materials entity of Welspun World, one of India's fastest-growing conglomerates. In recent developments, the company commissioned its TMT rebars plant under Welspun Shield in 2022 with a 350,000 MTPA capacity and received BIS certification for its greenfield ductile iron pipes facility in Anjar, Gujarat; it completed the acquisition of Sintex BAPL's plastic products business including water tanks in 2023 for Rs 1,251 crore and specified assets of ABG Shipyard for Rs 659 crore, alongside inaugurating a new Sintex unit in Hyderabad. Welspun Corp incorporated wholly-owned subsidiaries Welspun Europe S.A. in Spain in February 2025 and Welspun Global IFSC Limited in Gujarat in November 2025 for exports and treasury operations; it secured Rs 2,400 crore orders for coated pipes in the US in 2025, initiated a USD 100 million expansion at its Little Rock facility and signed a pact with Saudi Aramco for a new manufacturing facility.