Welspun Corp
- 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.
Compared with its industry
Iron & Steel Products: 148 companies →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.
- 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.
- 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.
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- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CARE | Withdrawn | Stable | 15 Oct 2026 |
| CRISIL | Crisil AA+ | Stable | 2 Dec 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 15 Oct 2026 | Withdrawn | was CARE AA+ | Low | CARE | — | |
| 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 2026Upcoming | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 24 Jul 2026 | Financial Results | To 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 2026 | Financial Results/Dividend | to 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 2026 | Financial Results | To 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 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 29 Jul 2025 | Financial Results | To consider and approve the unaudited financial results for the period ended Jun 30, 2025 |
| 28 May 2025 | Financial Results/Dividend/Fund Raising | To consider and approve the financial results for the period ended March 31, 2025, dividend and Fund Raising |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,059 | 4,750 | 4,461 | 3,137 | 3,302 | 3,614 | 3,925 | 3,551 | 4,374 | 4,532 | 4,313 | 4,081 |
| Expenses | 3,660 | 4,287 | 4,131 | 2,763 | 2,902 | 3,179 | 3,465 | 3,026 | 3,783 | 3,917 | 3,809 | 3,389 |
| Operating Profit | 400 | 463 | 330 | 374 | 400 | 434 | 460 | 525 | 591 | 616 | 504 | 692 |
| OPM % | 10% | 10% | 7% | 12% | 12% | 12% | 12% | 15% | 14% | 14% | 12% | 17% |
| Other Income | 227 | 62 | 178 | 83 | 125 | 487 | 570 | 84 | 131 | 120 | 142 | 685 |
| Interest | 75 | 62 | 75 | 66 | 83 | 82 | 88 | 63 | 49 | 51 | 49 | 45 |
| Depreciation | 86 | 90 | 87 | 85 | 89 | 90 | 87 | 85 | 84 | 93 | 93 | 125 |
| Profit before tax | 466 | 373 | 347 | 305 | 352 | 749 | 855 | 461 | 588 | 593 | 504 | 1,207 |
| Tax % | 17% | 21% | 17% | 19% | 20% | 10% | 18% | 24% | 25% | 23% | 26% | 13% |
| Net Profit | 387 | 294 | 287 | 248 | 283 | 672 | 699 | 349 | 444 | 456 | 371 | 1,048 |
| EPS in Rs | 14.7 | 11.15 | 10.24 | 9.46 | 10.94 | 25.72 | 26.62 | 13.31 | 16.68 | 17.16 | 14.04 | 39.67 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 9%
- 5 Years
- 19%
- 3 Years
- 20%
- TTM
- 20%
- 10 Years
- 29%
- 5 Years
- 21%
- 3 Years
- 119%
- TTM
- 42%
- 10 Years
- 39%
- 5 Years
- 84%
- 3 Years
- 93%
- TTM
- —
- 10 Years
- 13%
- 5 Years
- 15%
- 3 Years
- 19%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Welspun Corp | ₹ 2,565.00 | ₹ 63,363 Cr. | 27.3x | 7x | 19% | — |
| JSW Steel | ₹ 1,187.00 | ₹ 2,90,275 Cr. | 41.6x | 3x | — | 14.8% |
| Lloyds Metals And Energy | ₹ 1,780.40 | ₹ 1,00,195 Cr. | 27.8x | 7.6x | 36.2% | 22.4% |
| Jindal Steel | ₹ 1,012.00 | ₹ 1,04,634 Cr. | 25.9x | 2.1x | 6.9% | 6.3% |
| Jindal Stainless | ₹ 684.00 | ₹ 56,394 Cr. | 18.8x | 3.1x | 17.5% | 7.4% |
| Shyam Metalics and Energy | ₹ 1,131.00 | ₹ 31,570 Cr. | 26.8x | 2.5x | 9.7% | 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.