Welspun Corp Limited has informed the Exchange that Board of Directors at its meeting held on May 21, 2026, recommended Final Dividend of Rs. 5 per equity share.
WELCORP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.1 pts less than Nifty Smallcap 250 and 4.9 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Welspun Corp's Board declared FY26 results showing revenue of Rs. 16,770 crore (up 20% YoY) but net profit declined 15% to Rs. 1,620 crore. EPS came in at Rs. 61.23 vs Rs. 72.80 in FY25. The Board recommended a Final Dividend of Rs. 5 per equity share (100% on Rs. 5 face value) subject to shareholder approval at the AGM. Key developments include completion of capability enhancement at Anjar (hybrid Spiral/LSAW facility) and additional coating capacity at Bhopal (3 million sqm p.a.). The company also approved sale of its 26% stake in Clean Max Dhyuthi Private Limited to Welspun Living Limited for Rs. 7.60 crore.
The 15% decline in net profit despite 20% revenue growth suggests margin pressure, though the maintained dividend payout demonstrates shareholder commitment. The expansion completions and EPIC stake restructuring may support future earnings.