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NSE:WELCORP

WELSPUN CORP LIMITED

Capital Goods › Industrial Products·NIFTY 500NIFTY MIDSMALLCAP 400NIFTY MIDSMALLCAP400 50:50NIFTY SMALLCAP 100+6
₹2,560.00
at close · 28 Oct 2026
▲ 58.80 (+2.35%)
ThemesDefence· mention

Latest filings

Next results: Thu, 29 Oct · Financial Results
  1. Welspun Corp schedules Q2 and H1 FY27 earnings call · Board & Shareholder Meetings
  2. Welspun wins about Rs 5,500 crore US gas pipeline pipe order · Business Updates
  3. CARE Ratings reaffirms Welspun Corp ratings; NCD upgraded to AA+ · Credit & Debt
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Makes steel line pipes and coated line pipes for global oil and gas, water infrastructure, and emerging data centre projects, with 96.2% of FY26 revenue (Rs 16,134.11 crore) from Steel Products and 3.8% (Rs 636.03 crore) from Others including plastic products. The Steel Products segment serves oil and gas midstream customers, LNG export facilities, water infrastructure, and nuclear and defence applications, while the Others segment houses Sintex plastic products, which has been hit by muted Indian domestic demand. Manufacturing footprint spans India, USA (Little Rock), and Saudi Arabia, with new Saudi and Little Rock capacity targeting commissioning by end-FY27 and full earnings impact in FY28. Raw materials are the dominant cost at 64.3% of FY26 revenue (Rs 10,781.26 crore), with employees at 7.4% and other operating expenses at 18.1%. Recent signings include Rs 1,400 crore of oil and gas export orders from India and Rs 960 crore of coated line pipes from Little Rock. Management cites FY27 guidance of Rs 20,000 crore revenue and Rs 2,850 crore EBITDA, with order book execution spread over FY27 and FY28.

Revenue mix · reported segments
Steel Products96.2%
Others (including plastic products)3.8%
Operating scale
Global order book
Rs 25,750 crore (~$2.7bn)Q1 FY27
Q1 FY27 EBITDA
Rs 756 crore (+35% YoY)Q1 FY27
Net cash position
Rs 2,336 croreQ1 FY27
US EBITDA per ton benchmark
~US$300/tonongoing
ROCE guardrail
>20%ongoing
FY27 guidance
Revenue Rs 20,000 crore; EBITDA Rs 2,850 croreFY27
Who pays it
Oil & gas midstream companies, LNG exporters, water infrastructure projects, data centre developers, nuclear/defence
Biggest cost
Raw materials (primarily steel) at 64.3% of FY26 revenue
Kind of business
Cyclical, asset-heavy steel pipe manufacturer serving global oil & gas and infrastructure
Where it sits
Integrated line pipe maker with own steelmaking, rolling, and pipe-making facilities in India, USA and Saudi Arabia
Market Cap
₹67,533 Cr
P / E (TTM)
29.2×
EV / EBITDA
26.6×
Div Yield
0.20%
Growth
21.1%▲
Revenue 5y CAGR
PAT +20.8% · EBITDA +18.6%
Quality
16.7%▲
ROCE (5y median)
ROE 17.2% (5y median) · margin 14.1%
Leverage
0.23·
Debt / Equity · low
Net debt ₹650 Cr
Revenue FY21→FY26
2.6×▲
Margin −0.1 pts
₹6,440 Cr → ₹16,770 Cr
Cash conversion
1.14×▲
Operating cash ÷ profit · 5 yrs
₹6,047 Cr on ₹5,302 Cr
Moves on a normal day
1.53%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 123 Iron & Steel Products peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#75/105
P/B#94/101
ROCE#27/115
ROE#13/103
Debt / Equity#54/101
EBITDA margin#29/100
Revenue growth#46/97
Profit growth#17/105

Scorecard

Measured from the filed financials, judged against its Iron & Steel Products peers · as of FY26 — not investment advice

Strengths
Revenue compounding 21% a year over 5 years
Profit compounding 21% a year over 5 years
Returns on capital 16.7% (5-year median)
#27 of 115 in Iron & Steel Products on the latest reported figures
Over 5 years it reported ₹5,302 Cr of profit and ₹6,047 Cr of operating cash — 1.14×
Profit is converting into cash
Concerns
Erratic profits — up in only 2 of the last 5 years

Charts

How has the market priced it — with filings on the timeline?

WELCORP · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from WELSPUN CORP LIMITED's filed financials and exchange disclosures

What does WELSPUN CORP LIMITED do?

WELSPUN CORP LIMITED is a Industrial Products company listed on NSE and BSE, trading under the symbol WELCORP.

Is WELSPUN CORP LIMITED profitable?

Yes. Over the trailing twelve months WELSPUN CORP LIMITED reported a net profit of ₹2,319 Cr on revenue of ₹17,300 Cr.

Does WELSPUN CORP LIMITED pay a dividend?

Yes. The dividend yield is 0.20% at the current price. It paid out 8% of its profit as dividend in FY26.

Is WELSPUN CORP LIMITED debt-free?

No. It reported borrowings of ₹2,163 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹650 Cr after cash. Debt stands at 0.23× equity. That is higher than 53% of its 101 Iron & Steel Products peers.

Is WELSPUN CORP LIMITED expensive compared with its peers?

On trailing P/E, WELSPUN CORP LIMITED ranks 75 of 105 in Iron & Steel Products — cheaper than 29% of them, against an industry median of 15.4×. This is a position, not a valuation judgement.

How much does the WELSPUN CORP LIMITED share price move in a day?

On a typical session WELSPUN CORP LIMITED moves 1.53% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

When are WELSPUN CORP LIMITED's next results?

Financial Results on Thu, 29 Oct. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track WELSPUN CORP LIMITED's announcements?

Every NSE and BSE filing by WELSPUN CORP LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.