Welspun Corp

NSE: WELCORPBSE: 532144
Compare with peers
₹ 2,565.00▲ 63.8 (+2.55%)28 Oct, 03:29 pm IST
Market cap
₹ 63,363 Cr.
P/E
27.3x
P/B
7.04x
52-week range
710 – 2,900
ROE
19%
ROCE
23%
Dividend yield
0.2%
Debt / equity
0.26
Sector
Industrial Products
Industry
Iron & Steel Products
Listed on
NSE, BSE

About

Welspun Corp Limited is an India-based company, which is engaged in the line pipes and home solutions, along with other lines of businesses in infrastructure, pipe solutions, building materials, warehousing, retail, advanced textiles and flooring solutions. The Company is engaged in the manufacturing of large diameter pipes globally and has established a global footprint across six continents and fifty countries by delivering key customized solutions for both onshore and offshore applications. It offers end-to-end products, comprehensive pipe solutions and ancillary services. It also manufactures Bureau of Indian Standards (BIS) -certified steel billets, thermo-mechanically treated (TMT) rebars, ductile iron (DI) pipes, stainless steel pipes, and tubes & bars. The Company has manufacturing facilities in Anjar (Gujarat), Bhopal (Madhya Pradesh), Mandya (Karnataka) and Jhagadia (Gujarat) in India. Overseas, the Company has a manufacturing presence in Little Rock, Arkansas, United States.

Quick check

The five things to look at first. Open one for more.

Welspun Corp against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

  • Valuation (P/E)27.3 against a typical 18.6: pricier than most peers (1st = cheapest).92nd of 146
  • Sales growth+14.9% against a typical +13.1% from a year earlier.55th of 117
  • Profit growth+200.3% against a typical +26.2% from a year earlier.10th of 105
  • Share price, 3 months+47.4% against a typical −3.1%.11th of 135
  • Size₹ 63,362.5 Cr. market value against a typical ₹ 156.5 Cr. (1st = largest).1st of 135

Latest announcements

Exchange filings and their impact on the company.

  • 23 Oct 2026Bagging/Receiving of orders/contractsHigh impactVery positivePrice −2.3% that day
    Welspun Corp won a Rs 5,500 crore US gas pipeline pipe order, adding ~32% of annual sales to its order book.

    Welspun Corp has won a very large order worth about Rs 5,500 crore to supply coated line pipes for a natural gas pipeline project in the USA. The order is about one-third of its FY26 sales of Rs 16,770 crore and significantly boosts its order book and US business. It is expected to drive strong revenue and profit growth over the next 12-24 months as it gets executed.

    Filing
  • 13 Oct 2026General UpdatesLow impactNeutralPrice −3.5% on 14 Oct
    Welspun Corp set up a Jordan pipe-manufacturing subsidiary with ~Rs 0.6 cr initial capital; no near-term financial impact.

    Welspun Corp said its wholly owned subsidiary Welspun Global Holdings, UAE, has incorporated a new step-down wholly owned subsidiary, Welspun Global Jordan, in Jordan effective 12 October 2026. The new company has an initial paid-up capital of 50000 Jordanian Dinar fully subscribed by WGHL and will manufacture steel wires, tubes, line pipes and other tubular products. The initial investment of about Rs 0.6 crore is negligible for Welspun Corp and no further investment or capacity details were disclosed.

    Filing

Credit ratings

Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates

High safety

Rated AA+ by CRISIL
AA+
DefaultRiskyModerateSafeVery safe
  • No warnings from the agency.
AgencyCurrent ratingOutlookAs of
CAREWithdrawnStable15 Oct 2026
CRISILCrisil AA+Stable2 Dec 2025
Credit rating actions
RatingDetails
15 Oct 2026
Withdrawn
was CARE AA+LowCARE—
5 Aug 2026
Reaffirmed
CARE AA+—CARE₹ 7,448 Cr.
2 Dec 2025
Reaffirmed
Crisil AA+—CRISIL₹ 7,129 Cr.
1 Dec 2025
Reaffirmed
CARE AA+—CARE₹ 7,548 Cr.
8 Aug 2025
Withdrawn
was CARE AA+—CARE₹ 7,748 Cr.

Board meetings

Results dates and other board meetings. Full calendar

Details
29 Oct 2026UpcomingFinancial ResultsTo consider and approve the financial results for the period ended September 30, 2026
24 Jul 2026Financial ResultsTo consider and approve the standalone as well as the consolidated unaudited financial results of the Company for the quarter ended 30th June, 2026.
21 May 2026Financial Results/Dividendto consider and approve the standalone as well as the consolidated audited financialresults of the Company for the quarter and financial year ended March 31, 2026 and recommend Final Dividend, if any, on Equity Shares of the Company for the financial year ended March 31, 2026.
30 Jan 2026Financial ResultsTo consider and approve the standalone as well as the consolidated unaudited financial results of the Company for the quarter and nine months ended 31st December, 2025.
30 Oct 2025Financial ResultsTo consider and approve the financial results for the period ended September 30, 2025
29 Jul 2025Financial ResultsTo consider and approve the unaudited financial results for the period ended Jun 30, 2025
28 May 2025Financial Results/Dividend/Fund RaisingTo consider and approve the financial results for the period ended March 31, 2025, dividend and Fund Raising

Share price

1Y change +193.8%
0 of 2 filing days came with a big price move
Volume (shares)Price (₹)
Close price

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales4,0594,7504,4613,1373,3023,6143,9253,5514,3744,5324,3134,081
Expenses3,6604,2874,1312,7632,9023,1793,4653,0263,7833,9173,8093,389
Operating Profit400463330374400434460525591616504692
OPM %10%10%7%12%12%12%12%15%14%14%12%17%
Other Income227621788312548757084131120142685
Interest756275668382886349514945
Depreciation8690878589908785849393125
Profit before tax4663733473053527498554615885935041,207
Tax %17%21%17%19%20%10%18%24%25%23%26%13%
Net Profit3872942872482836726993494444563711,048
EPS in Rs14.711.1510.249.4610.9425.7226.6213.3116.6817.1614.0439.67

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
9%
5 Years
19%
3 Years
20%
TTM
20%
Compounded Profit Growth
10 Years
29%
5 Years
21%
3 Years
119%
TTM
42%
Stock Price CAGR
10 Years
39%
5 Years
84%
3 Years
93%
TTM
—
Return on Equity
10 Years
13%
5 Years
15%
3 Years
19%
TTM
—

Shareholding

Latest: Jun 2026.

Promoters
49.73%
−0.11 pts in a year
FIIs
14.61%
+2.48 pts in a year
DIIs
19.96%
−0.76 pts in a year
Government
0%
0 pts in a year
Public
15.68%
−1.58 pts in a year
Others
0.03%
0 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 27.3xEPS (12 months) ₹ 87.55Median P/E 16.9x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
Welspun Corp₹ 2,565.00₹ 63,363 Cr.27.3x7x19%—
JSW Steel₹ 1,187.00₹ 2,90,275 Cr.41.6x3x—14.8%
Lloyds Metals And Energy₹ 1,780.40₹ 1,00,195 Cr.27.8x7.6x36.2%22.4%
Jindal Steel₹ 1,012.00₹ 1,04,634 Cr.25.9x2.1x6.9%6.3%
Jindal Stainless₹ 684.00₹ 56,394 Cr.18.8x3.1x17.5%7.4%
Shyam Metalics and Energy₹ 1,131.00₹ 31,570 Cr.26.8x2.5x9.7%5.7%

Management

Vipul Mathur
Chief Executive Officer, Managing Director, Executive Director
Percy Birdy
Chief Financial Officer
Nitin Agarwal
Chief Executive Officer - Steel Business
Anuj Burakia
Chief Executive Officer and Whole-Time Director of WSSL
Godfrey John
Chief Executive Officer - Pipe Business
Sarados Milios
Chief Executive Officer - Welspun Pipes Inc.
Ashish Prasad
Chief Executive Officer of Sintex-BAPL
Rakesh Mehta
Chief Human Resources Officer

Prices are delayed and for information only. Nothing on this page is investment advice.