Investor Presentation
Awaiting price reaction for this filing.
Welspun Corp Limited (WCL) filed its Q4 & FY25 Investor Presentation on May 28, 2025. FY25 EBITDA of ₹1,858 Cr beat the company's guidance of ₹1,700 Cr, with ROCE of 21%, marking the second consecutive year of beating guidance. Q4FY25 EBITDA grew ~22% YoY to ₹502 Cr, while adjusted PAT rose 11% YoY. The company has a robust order book of ~₹19,553 Cr, with the US mill booked for the next 8 quarters. The balance sheet strengthened significantly with gross debt reduction of ~₹1,000 Cr in FY25, making WCL a net cash company with ₹1,049 Cr net cash, even after ₹900 Cr capex spend. For FY26, management has guided Revenue of ₹17,500 Cr (+25%), EBITDA of ₹2,200 Cr (+18%), and ROCE of >20%. Board recommended dividend of ₹5/share (100%).
Strong beat on FY25 guidance and continued order book visibility (₹19,553 Cr) provide confidence in business momentum across India, USA, and KSA. The net cash position and disciplined debt reduction strengthen the balance sheet, while FY26 guidance of ₹2,200 Cr EBITDA signals sustained margin improvement and supports positive sentiment for the stock.