Welspun Corp Ltd
Welspun Corp Ltd (WELCORP) last reported results for the quarter ended Jun 2026, with sales of ₹4,081 crore and net profit of ₹1,048 crore. The stock last traded at ₹2,580, a market capitalisation of ₹68,058 crore, on a P/E of 29.5. Over the past 52 weeks the stock has ranged between ₹710 and ₹2,900. Figures are as of 6 Oct 2026 and are not real time.
Welspun Corp Ltd share price and key metrics
- Current price
- ₹2,580
- Market cap
- ₹68,058 cr
- Stock P/E
- 29.5
- Book value
- ₹347
- ROE
- 19.4%
- ROCE
- 22.9%
- Dividend yield
- 0.20%
- 52w high / low
- 2900/710
Metrics as of 6 Oct 2026. Not real time.
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Welspun Corp Ltd growth and returns
- 10 Years
- 9%
- 5 Years
- 19%
- 3 Years
- 20%
- TTM
- 20%
- 10 Years
- 29%
- 5 Years
- 21%
- 3 Years
- 119%
- TTM
- 42%
- 10 Years
- 43%
- 5 Years
- 77%
- 3 Years
- 86%
- 1 Year
- 193%
- 10 Years
- 13%
- 5 Years
- 15%
- 3 Years
- 19%
- Last Year
- 19%
Welspun Corp Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹4,081 cr, up 14.9% from ₹3,551 cr a year earlier. Net profit was ₹1,048 cr, up 200.3% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 3,302 | 3,614 | 3,925 | 3,551 | 4,374 | 4,532 | 4,313 | 4,081 |
| Expenses | 2,902 | 3,179 | 3,465 | 3,026 | 3,783 | 3,917 | 3,809 | 3,389 |
| Operating profit | 400 | 434 | 460 | 525 | 591 | 616 | 504 | 692 |
| OPM % | 12% | 12% | 12% | 15% | 14% | 14% | 12% | 17% |
| Other income | 125 | 487 | 570 | 84 | 131 | 120 | 142 | 685 |
| Interest | 83 | 82 | 88 | 63 | 49 | 51 | 49 | 45 |
| Depreciation | 89 | 90 | 87 | 85 | 84 | 93 | 93 | 125 |
| Profit before tax | 352 | 749 | 855 | 461 | 588 | 593 | 504 | 1,207 |
| Tax % | 20% | 10% | 18% | 24% | 25% | 23% | 26% | 13% |
| Net profit | 283 | 672 | 699 | 349 | 444 | 456 | 371 | 1,048 |
| EPS (₹) | 10.94 | 25.72 | 26.62 | 13.31 | 16.68 | 17.16 | 14.04 | 39.67 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Welspun Corp Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 5,899 | 6,347 | 8,953 | 9,957 | 7,153 | 6,505 | 9,758 | 17,340 | 13,978 | 16,770 | 17,300 |
| Operating profit | 519 | 473 | 644 | 1,201 | 795 | 473 | 494 | 1,561 | 1,684 | 2,236 | 2,403 |
| OPM % | 9% | 7% | 7% | 12% | 11% | 7% | 5% | 9% | 12% | 13% | 14% |
| Net profit | 10 | 153 | -22 | 654 | 827 | 444 | 199 | 1,136 | 1,902 | 1,620 | 2,319 |
| EPS (₹) | 1.00 | 5.97 | -0.50 | 24.36 | 29.42 | 16.82 | 7.90 | 42.44 | 72.73 | 61.15 | 87.55 |
TTM is the trailing twelve months to the most recent quarter.
Welspun Corp Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 133 | 133 | 133 | 130 | 130 | 130 | 131 | 131 | 131 | 132 |
| Reserves | 2,677 | 2,721 | 2,665 | 3,085 | 3,952 | 4,298 | 4,582 | 5,467 | 7,313 | 9,024 |
| Borrowings | 1,843 | 1,386 | 1,305 | 1,061 | 1,021 | 2,057 | 3,381 | 1,967 | 1,122 | 2,355 |
| Other liabilities | 3,595 | 3,452 | 4,097 | 3,667 | 2,588 | 2,684 | 7,180 | 4,249 | 6,635 | 8,889 |
| Total liabilities | 8,247 | 7,693 | 8,200 | 7,943 | 7,692 | 9,169 | 15,274 | 11,813 | 15,201 | 20,400 |
| Fixed assets | 3,356 | 3,046 | 1,567 | 1,617 | 2,599 | 2,433 | 4,910 | 4,800 | 4,707 | 6,536 |
| CWIP | 32 | 17 | 47 | 83 | 147 | 1,261 | 87 | 87 | 787 | 1,241 |
| Investments | 725 | 488 | 476 | 784 | 1,713 | 2,307 | 1,537 | 1,100 | 1,402 | 1,864 |
| Other assets | 4,134 | 4,143 | 6,110 | 5,460 | 3,233 | 3,168 | 8,740 | 5,827 | 8,306 | 10,759 |
| Total assets | 8,247 | 7,693 | 8,200 | 7,943 | 7,692 | 9,169 | 15,274 | 11,813 | 15,201 | 20,400 |
As reported by the company. Total assets equal total liabilities by construction.
Welspun Corp Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 403 | 981 | 623 | 648 | 774 | 218 | -185 | 1,306 | 1,504 | 3,204 |
| Cash from investing | 618 | 184 | -255 | -49 | -848 | -201 | -348 | 373 | 194 | -3,714 |
| Cash from financing | -979 | -761 | -335 | -743 | -198 | 453 | 909 | -1,877 | -1,369 | 875 |
| Net cash flow | 42 | 405 | 33 | -144 | -271 | 470 | 376 | -198 | 328 | 365 |
| Free cash flow | 322 | 933 | 565 | 474 | 518 | -757 | -1,235 | 1,022 | 690 | 715 |
| CFO / operating profit | 69% | 200% | 110% | 77% | 118% | 78% | -13% | 96% | 109% | 157% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Welspun Corp Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 5% | 7% | 12% | 30% | 20% | 13% | 6% | 20% | 21% | 23% |
| Debtor days | 91 | 76 | 48 | 42 | 34 | 46 | 43 | 38 | 46 | 37 |
| Inventory days | 159 | 125 | 129 | 127 | 93 | 78 | 286 | 70 | 173 | 166 |
| Days payable | 198 | 177 | 92 | 81 | 55 | 75 | 130 | 68 | 133 | 118 |
| Cash conversion cycle | 52 | 24 | 86 | 88 | 72 | 48 | 199 | 40 | 87 | 85 |
| Working capital days | 33 | 22 | 49 | 39 | 36 | -47 | -26 | 12 | 8 | -23 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Welspun Corp Ltd shareholding pattern
Promoters held 49.73% at Jun 2026, broadly unchanged since Jun 2025. FIIs 14.61% and DIIs 19.96%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 50.00% | 50.00% | 50.00% | 49.84% | 49.77% | 49.73% | 49.73% | 49.73% |
| FIIs | 11.65% | 11.71% | 12.18% | 12.13% | 11.79% | 11.45% | 11.23% | 14.61% |
| DIIs | 11.41% | 20.19% | 20.50% | 20.72% | 20.89% | 20.55% | 21.49% | 19.96% |
| Government | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Public | 26.90% | 18.06% | 17.28% | 17.26% | 17.52% | 18.26% | 17.52% | 15.68% |
| No. of shareholders | 1,16,485 | 1,17,368 | 1,28,471 | 1,28,466 | 1,31,026 | 1,31,326 | 1,22,338 | 1,38,939 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Cruxal coverage of Welspun Corp Ltd
Welspun Corp shares rise 3.5% on record USD 412.5 million US pipe order
Welspun Corp shares gained 3.5% to Rs 2,787 after its US arm won the largest-ever HFIW pipe order in the group’s history, lifting the global order book to a record USD 4.7 billion.
Welspun Corp Ltd4 min
Welspun Corp jumps 11.2% on record $1.8 billion US pipe order
Welspun Corp shares jumped after the company announced a record USD 1.8 billion (~₹17,200 crore) US pipe order, lifting its global order book to an all-time high.
Welspun Corp Ltd5 minWelspun Corp Ltd corporate filings
- Welspun Corp Limited incorporates wholly-owned subsidiary 'Welspun Special Coating Private Limited' with initial paid-up share capital of Rs. 1 lakh to expand coating businessCompany Updatemedium impact
Cruxal's analysis: Welspun Corp Limited has announced the incorporation of a new wholly-owned subsidiary…
Read the full analysis - Welspun Corp delays acquisition of ~2.57% stake in Welspun Mauritius Holdings to March 2027, no immediate financial impactCompany Updatelow impact
Cruxal's analysis: Welspun Corp Limited has announced a delay in completing the acquisition of approximately…
Read the full analysis - Intimation of Closure of Trading windowInsider Trading / SASTlow impact
- Welspun Corp Secures Record-Breaking 4,000 Crore HFIW Pipe Order from USA SubsidiaryCompany Updatehigh impact
Cruxal's analysis: Welspun Corp Limited has announced that its wholly-owned US subsidiary, Welspun Tubular…
Read the full analysis - Welspun Corp Ltd schedules investor meetings for September 2026Company Updatelow impact
Cruxal's analysis: Welspun Corp Ltd has issued an intimation regarding upcoming analyst and investor…
Read the full analysis - Welspun Corp's Associate Company EPIC Secures Major INR 2,000 Crore Order from AramcoCompany Updatehigh impact
Cruxal's analysis: Welspun Corp Limited has announced that its associate company, East Pipes Integrated…
Read the full analysis - Welspun Corp to expand manufacturing footprint in Jordan via new step-down subsidiaryCompany Updatemedium impact
Cruxal's analysis: Welspun Corp Limited has announced the incorporation of a new step-down wholly owned…
Read the full analysis - Welspun Corp Limited announces incorporation of new step-down subsidiary for protective coating businessCompany Updatelow impact
Cruxal's analysis: Welspun Corp Limited has informed the exchanges that its wholly-owned subsidiary, Welspun…
Read the full analysis - Welspun Corp and Perma-Pipe sign MOU for pipe manufacturing and coating facilities in JordanCompany Updatemedium impact
Cruxal's analysis: Welspun Corp Ltd has entered into a Memorandum of Understanding (MOU) with Perma-Pipe to…
Read the full analysis - Welspun Corp provides update on divestment of 26% equity stake in Clean Max Dhyuthi Private LimitedCompany Updatelow impact
Cruxal's analysis: Welspun Corp has issued an update regarding the previously announced sale of its 26%…
Read the full analysis - Welspun Corp Limited incorporates associate company 'Welspun Slagexcel Private Limited' for GGBS manufacturingCompany Updatelow impact
Cruxal's analysis: Welspun Corp Limited has successfully incorporated 'Welspun Slagexcel Private Limited'…
Read the full analysis - Welspun Corp Ltd announces newspaper publication for re-lodgement of physical share transfersCompany Updatelow impact
Cruxal's analysis: Welspun Corp Ltd has issued a newspaper notice regarding the special window for the…
Read the full analysis - Welspun Investments and Commercials Limited Divests 60 Lakh Shares of Welspun Corp Limited via Block DealInsider Trading / SASTlow impact
Cruxal's analysis: Welspun Investments and Commercials Limited, part of the promoter group, has offloaded 60…
Read the full analysis - Welspun Investments and Commercials Limited Divests 60 Lakh Shares of Welspun Corp Limited via Block DealInsider Trading / SASTlow impact
Cruxal's analysis: Welspun Investments and Commercials Limited, part of the promoter group, has disposed of…
Read the full analysis - Welspun Corp Ltd announces upcoming analyst/investor meetingCompany Updatelow impact
Cruxal's analysis: Welspun Corp Ltd has issued an intimation regarding a scheduled analyst/investor meeting…
Read the full analysis - Welspun Corp secures record-breaking 17,200 crore order from US facility, boosting total order book to 42,100 croreCompany Updatehigh impact
Cruxal's analysis: Welspun Corp Limited has announced its largest-ever single order valued at approximately…
Read the full analysis - Welspun Corp Ltd announces upcoming analyst and investor meetingsCompany Updatelow impact
Cruxal's analysis: Welspun Corp Ltd has issued an intimation regarding scheduled analyst and investor…
Read the full analysis - CARE Ratings reaffirms Welspun Corp Limited's credit ratings at CARE AA+; Stable, highlighting strong liquidity and deleveragingCompany Updatemedium impact
Cruxal's analysis: Welspun Corp Limited has received a reaffirmation of its long-term bank facilities and…
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