Companies›Industrials›Capital Goods›Industrial Products
NSE:WELSPLSOL

WELSPUN SPECIALTY SOL L

Capital Goods › Industrial Products
₹42.25
at close · 28 Oct 2026
▲ 0.36 (+0.86%)

Latest filings

  1. Independent Director appointment approved with 99.97 percent support · Management Changes
  2. Postal ballot approves Anil Kumar Jha as independent director · Management Changes
  3. Q2 FY27 conference call audio recording now available · Investor Communications
All filings ↓
Ask Nexa about WELSPUN SPECIALTY SOL L

Snapshot

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

AI · written from filings

Makes specialty stainless steel products — tubes, pipes, bars, blooms and ingots — at one integrated plant in Jhagadia, Gujarat. FY26 product mix was hot and cold rolled steel at 50% of turnover, tube fittings at 31%, and blooms and ingots at 18%, with exports at 16% of turnover. The tubes and pipes business supplies Grade T91 supercritical boiler tubes to power utilities (NTPC approval secured in Q1 FY27) and Nickel Alloy 800H tubes for nuclear applications (NPCIL development order), while the bars unit serves general engineering customers; aerospace-grade AS9100D accreditation and Norsok M650 certification are in place. Total FY26 output reached 46,140 MT and Q1 FY27 volumes were about 6,300 MT, with the new bright bar project in stabilization. Raw materials are the dominant cost at 69.3% of revenue. Management targets 20-25% volume growth in FY27 and Rs 2,000 crore of turnover in 3-5 years.

Revenue mix · reported segments
Hot and cold rolled steel50.0%
Tube fittings31.0%
Blooms and ingots18.0%
Operating scale
Manufacturing facility
One integrated plant in Jhagadia, GujaratFY26
FY26 total output
46,140 MTFY26
Q1 FY27 tube & pipe sales volume
1,425 MT (up 60%+ YoY)Q1 FY27
Q1 FY27 bars sales volume
4,904 MTQ1 FY27
Recycled stainless steel input
78% of total inputFY26
Renewable electricity share
70%+ in Q4 FY26Q4 FY26
Who pays it
Power utilities (NTPC for supercritical boilers, NPCIL for nuclear steam generator tubes), aerospace customers (AS9100D accredited), CGD and general engineering buyers
Biggest cost
Raw materials at 69.3% of FY26 revenue, dominated by stainless steel scrap
Kind of business
Cyclical, capital-intensive specialty stainless steel manufacturer with single-plant operations
Where it sits
Specialty stainless steel pipe, tube and bar producer; subsidiary of Welspun Corp (55.17% holding); FY26 revenue Rs 886.2 crore; CARE rating AA-/A1+
Market Cap
₹3,000 Cr
P / E (TTM)
128.0×
EV / EBITDA
46.6×
Div Yield
—
Growth
56.8%▲
Revenue 5y CAGR
PAT -24.6% · EBITDA -11.4%
Quality
8.7%·
ROCE (5y median)
ROE -0.9% (5y median) · margin 7.3%
Leverage
0.08·
Debt / Equity · low
Net debt ₹24 Cr
Revenue FY21→FY26
9.5×▲
Margin −97.2 pts
₹93 Cr → ₹886 Cr
Cash conversion
4.26×▲
Operating cash ÷ profit · 5 yrs
₹156 Cr on ₹37 Cr
Moves on a normal day
1.72%·
Median daily move
Last 130 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)#101/105
P/B#93/101
ROCE#78/115
ROE#67/103
Debt / Equity#37/101
EBITDA margin#68/100
Revenue growth#54/97
Profit growth#61/105

Scorecard

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

Strengths
Revenue compounding 57% a year over 5 years
Debt at 0.08× equity
lower than 64% of its 101 Iron & Steel Products peers
Over 5 years it reported ₹37 Cr of profit and ₹156 Cr of operating cash — 4.26×
Profit is converting into cash
Concerns
Profit shrinking over 5 years (−25% a year)

Charts

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

WELSPLSOL · price

Loading chart…

▲ 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?

Loading peers…

Financials

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

Loading financials…

Ownership

Who owns it — and is the promoter stake clean?

Loading shareholding…

Sign up to see the full company file

Governance, sustainability, compliance, earnings calls, presentations, events, reactions and the full filings feed — free with an account.

Common questions

Answered from WELSPUN SPECIALTY SOL L's filed financials and exchange disclosures

What does WELSPUN SPECIALTY SOL L do?

WELSPUN SPECIALTY SOL L is a Industrial Products company listed on NSE and BSE, trading under the symbol WELSPLSOL.

Is WELSPUN SPECIALTY SOL L profitable?

Yes. Over the trailing twelve months WELSPUN SPECIALTY SOL L reported a net profit of ₹23 Cr on revenue of ₹886 Cr.

Does WELSPUN SPECIALTY SOL L pay a dividend?

Not in the latest reported year — WELSPUN SPECIALTY SOL L's dividend payout for FY26 was nil.

Is WELSPUN SPECIALTY SOL L debt-free?

No. It reported borrowings of ₹35 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹24 Cr after cash. Debt stands at 0.08× equity. That is lower than 64% of its 101 Iron & Steel Products peers.

Is WELSPUN SPECIALTY SOL L expensive compared with its peers?

On trailing P/E, WELSPUN SPECIALTY SOL L ranks 101 of 105 in Iron & Steel Products — cheaper than 4% of them, against an industry median of 15.4×. This is a position, not a valuation judgement.

How much does the WELSPUN SPECIALTY SOL L share price move in a day?

On a typical session WELSPUN SPECIALTY SOL L moves 1.72% — that is the median absolute close-to-close move across its last 130 trading days. MarketPing measures each filing's price reaction against it.

Where can I track WELSPUN SPECIALTY SOL L's announcements?

Every NSE and BSE filing by WELSPUN SPECIALTY SOL L 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.