Operates in iron and steel products through three divisions. FY26 consolidated revenue was Rs 3,692.09 crore with a net loss of Rs 15.66 crore and EBITDA margin of 1.20%. Materials account for 72.6% of revenue, making it the dominant cost. The auditor issued a qualified opinion because Rs 1,066.12 crore of interest on NPA loans (standalone) was not provided for. The company carries negative standalone equity of Rs 109.06 crore, total financial debt of Rs 1,000.21 crore as of March 2026, and defaulted on Rs 24 crore of principal and Rs 4.68 crore of interest to Invent ARC. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Special Steel Division, Engineering & Technologies Division, Electric Vehicle Division. Asset-heavy iron and steel manufacturer with negative equity and loan defaults
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 2,831 | 3,074 | 4,272 | 4,115 | 3,692 |
| EBITDA (ex other income) | 86 | 98 | 419 | 491 | 39 |
| margin % | 3.1 | 3.2 | 9.8 | 11.9 | 1.1 |
| Owners' profit | 0 | (12) | 317 | 442 | (16) |
| EPS, as reported (₹) | (31.68) | (9.28) | 249.08 | 347.06 | (12.29) |
| ROE % · ROCE % | 3.7 · (0.7) | 1.1 · (6.7) | (40.6) · (251.7) | (278.5) · 201.4 | 10.2 · (0.9) |
| Debt / equity (x) | (1.93) | (1.81) | (2.27) | (8.08) | (6.89) |
| Cash from operations | 179 | 107 | 351 | 329 | 351 |
| Capex | (40) | (17) | (69) | (89) | (98) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 814 | 1,081 | 1,161 | 834 | 814 | 904 | 1,140 | 913 |
| Profit before tax | 59 | 88 | 153 | 34 | (28) | (46) | 18 | 9 |
| Net profit | 59 | 88 | 186 | 28 | (22) | (35) | 14 | 7 |
| EPS (₹) | 46.68 | 69.34 | 145.60 | 21.78 | (16.97) | (27.80) | 10.70 | 5.44 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Engineering & Technologies Division | 1,209 | 32.5 |
| Special Steel Division | 2,466 | 66.4 |
| Electric Vehicle Division | 18 | 0.5 |
| Electric Vehicle Divion | 21 | 0.6 |
| Total, before eliminations | 3,714 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| WELSPUN CORP LIMITED |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 10 Sept 2026 · Inter-se gift transfer of 80,000 shares among Electrotherm promoters | ownership changes | low | — | — |
| 5 Sept 2026 · Newspaper notice published for Electrotherm India 40th AGM on September 28 | compliance | minimal | — | — |
| 3 Sept 2026 · Electrotherm submits 40th Annual Report for FY26 with qualified audit opinion | compliance | medium | — | — |
| 3 Sept 2026 · Notice of 40th AGM on September 28, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 29 Aug 2026 · Newspaper notice for 40th AGM via video conferencing on 28 September 2026 | compliance | minimal | — | — |
| 26 Aug 2026 · Board appoints Khandelwal as Whole Time Director and Patel as Non-Executive Director | management changes | medium | — | — |
| 26 Aug 2026 · Electrotherm appoints new Whole Time Director and Non-Executive Director | management changes | medium | — | — |
| 26 Aug 2026 · Electrotherm board appoints two new directors at Aug 26 meeting | board shareholder meetings | low | — | — |
| 14 Aug 2026 · Preference shares allotted under NCLT order; Q1 FY27 results approved | strategic transactions | high | — | — |
| 14 Aug 2026 · Q1 FY27 results: auditor flags qualified view, going concern at units | results | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| 70,880 |
| 30.7 |
| 7.54 |
| 30.2 |
| 17.2 |
| 14.9 |
| 21.1 |
| 18.5 |
| APL APOLLO TUBES LTD | 59,803 | 48.6 | 11.29 | 31.1 | 22.7 | 26.1 | 22.1 | 8.0 |
| SHYAM METALICS AND ENGY L | 29,979 | 26.8 | 2.43 | 12.2 | 8.6 | 11.4 | 24.1 | 14.9 |
| JINDAL SAW LIMITED | 20,016 | 30.5 | 1.63 | 10.5 | 7.5 | 6.8 | 10.9 | 9.4 |
| RATNAMANI MET & TUB LTD. | 19,815 | 45.8 | 4.71 | 23.1 | 12.7 | 15.6 | 14.4 | 18.5 |
| GODAWARI POW & ISP LTD | 15,875 | 18.6 | 2.71 | 12.0 | 13.7 | 17.0 | 5.7 | 21.0 |
| USHA MARTIN LTD. | 15,069 | 29.7 | 4.56 | 19.8 | 14.1 | 17.7 | 12.0 | 21.0 |
| GALLANTT ISPAT LIMITED | 13,270 | 30.6 | 4.00 | 17.7 | 14.6 | 16.8 | 34.4 | 17.8 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| ROCE | 20.4 | 8.7 | 11 of 120 | 92% |
| ROE | 10.2 | 8.6 | 48 of 114 | 58% |
| Debt / Equity | (6.9) | 0.1 | 3 of 114 | 98% |
| EBITDA margin | 2.6 | 11.0 | 91 of 100 | 9% |
| Revenue growth | 9.5 | 13.7 | 55 of 97 | 44% |
| Profit growth | (75.0) | 29.3 | 93 of 105 | 12% |
| Market cap | 1226 | 247 | 36 of 120 | 71% |
| A rating (BUY / ADD / REDUCE / SELL) |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
