WELCORP - Welspun Corp Limited Share Price

Industrial Products

₹778.60+21.80(+2.88%)

Market Closed as of Apr 28, 2025, 15:30 IST

What does Welspun Corp Limited do?

Iron & Steel Products•Capital Goods•Small Cap

Welspun Corp Limited, together with its subsidiaries, manufactures, sells, and distributes steel pipes, tubes, bars, coils, and plates in India, the United States, Saudi Arabia, and internationally. It operates through Steel Products; and Others (Including Plastic Products) segments. The company offers carbon steel line pipes comprising longitudinal submerged arc welding, helically submerged arc welding, electrical resistance welded, and high-frequency induction welding pipes; ductile iron pipes; concrete weight and anti-corrosion coatings; ductile iron pipes; stainless steel and alloy products; thermo-mechanically treated rebars and billets; pig iron; water storage tanks, interior liquid solutions, industrial containers, SMC panel tanks, packaged STP, and electrical boxes; and uPVC doors and interiors. It also provides double jointing, pipe bending, ID machining, dump site, and inventory management services; and water management solutions. In addition, the company offers plastic products; polymers and its products; basic precious and non-ferrous metals; prefabricated structures, infra project services, and turnkey projects; ship building and marine fabrication services; custom moulded products; and billet, rolled bar, black bar, ingot, bloom, and seamless pipes and tubes. Its products are used in onshore and offshore oil, gas, and water transmission; oil and gas distribution; infrastructure and housing construction; potable water distribution; water storage; refinery, petrochemical, nuclear power, fertilizer, energy and power, defense, automobile, railways, and aerospace; and forging and engineering industries. The company was formerly known as Welspun Gujarat Stahl Rohren Limited and changed its name to Welspun Corp Limited in April 2010. Welspun Corp Limited was incorporated in 1995 and is headquartered in Mumbai, India.

Industry Group:Industrial Products

Employees:5,213

Website:www.welspuncorp.com

The Good, Bad and Ugly

Growth

Profitability

Size

Dilution Rank

Balance Sheet

Momentum

Technicals

Smart Money

Insider Trading

Category	WELCORP	Industrial
PE	13.32	22.12
PS	1.35	1.50
Growth	-14.1 %	-1.5 %

Share Holdings

Understand Welspun Corp ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.

Holding Pattern

Major Shareholders

Share Holding Details

As of 2025-03-31

Shareholder Name	Holding %
Balkrishan Goenka, trustee of Welspun Group Master Trust	44.79%
Authum Investment And Infrastructure Limited	6.19%
Life Insurance Corporation Of India	4.73%
Dsp Small Cap Fund	2.93%
Aditya Birla Sun Life Trustee Private Limited A/C Aditya Birla Sun Life Flexi Cap Fund	2.91%
Aryabhat Vyapar Private Limited	2.64%
Welspun Investments And Commercials Limited	2.58%
Quant Mutual Fund - Quant Small Cap Fund	1.8%
Akash Bhanshali	1.22%
Fidelity Securities Fund: Fidelity Blue Chip Growth Fund	1.2%
LLP	0.4%
Trusts	0.02%
MGN Agro Properties Private Limited	0%
Welspun Project (Kim Mandvi Corridor) Private Limited	0%
ARSS Bus Terminal Private Limited	0%
Dewas Waterprojects Works Private Limited	0%
Welspun Build-Tech Private Limited	0%
Welspun Aunta-Simaria Project Private Limited	0%
Grenoble Infrastructure Private Limited	0%
Welsteel Enterprises Private Limited	0%

Overall Distribution

Distribution across major stakeholders

Ownership Distribution

Distribution across major institutional holders

Valuation
Market Cap	19.85 kCr
Price/Earnings (Trailing)	13.32
Price/Sales (Trailing)	1.35
EV/EBITDA	11.3
Price/Free Cashflow	17.97
MarketCap/EBT	18.05

Fundamentals
Revenue (TTM)	14.74 kCr
Rev. Growth (Yr)	-23.15%
Rev. Growth (Qtr)	8.69%
Earnings (TTM)	1.49 kCr
Earnings Growth (Yr)	128.87%
Earnings Growth (Qtr)	137.56%

Profitability
Operating Margin	7.54%
EBT Margin	7.46%
Return on Equity	24.23%
Return on Assets	11.75%
Free Cashflow Yield	5.56%

Description	Share	Value
Steel Products	95.9%	3.5 kCr
Others (including plastic products)	4.1%	149.4 Cr
Total		3.6 kCr

Investor Care
Dividend Yield	0.69%
Shares Dilution (1Y)	0.26%
Diluted EPS (TTM)	56.23

Financial Health
Current Ratio	1.47
Debt/Equity	0.34

Balance Sheet for Welspun Corp

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	-75.3%	76	305	287	461	271	356
Current investments	86.9%	659	353	678	825	525	1,397
Loans, current	35.1%	155	115	66	0.17	183	249
Total current financial assets	-18.9%	2,041	2,517	1,859	2,173	2,124	2,946
Inventories	34.5%	1,846	1,373	1,348	1,545	1,631	790
Total current assets	2.5%	4,254	4,151	3,422	3,917	4,077	3,865
Property, plant and equipment	-3.7%	2,151	2,234	2,231	931	977	987
Capital work-in-progress	88.2%	33	18	70	3.28	4.87	4.24
Investment property	0%	30	30	19	19	15	16
Non-current investments	1.4%	1,135	1,119	1,126	1,595	0.12	0.12
Loans, non-current	-101%	0	102	166	405	268	89
Total non-current financial assets	-6.8%	1,156	1,240	1,323	2,013	280	172
Total non-current assets	-4.5%	3,448	3,610	3,683	2,999	2,854	2,566
Total assets	-0.5%	7,723	7,762	7,105	6,916	6,931	6,433
Borrowings, non-current	-7.7%	1,044	1,131	1,044	239	639	790
Total non-current financial liabilities	-7.9%	1,051	1,141	1,064	253	654	812
Provisions, non-current	126.2%	11	5.42	8.67	5.04	55	53
Total non-current liabilities	-6%	1,305	1,388	1,262	349	786	944
Borrowings, current	68.4%	193	115	286	1,260	806	521
Total current financial liabilities	-9.9%	1,693	1,879	1,741	2,067	1,998	1,531
Provisions, current	-2.7%	74	76	72	80	30	30
Current tax liabilities	3.9%	482	464	446	551	502	472
Total current liabilities	-2%	2,755	2,810	2,494	3,095	3,000	2,435
Total liabilities	-3.3%	4,060	4,198	3,756	3,444	3,786	3,379
Equity share capital	0%	131	131	131	131	131	130
Total equity	2.8%	3,663	3,564	3,349	3,472	3,145	3,054
Total equity and liabilities	-0.5%	7,723	7,762	7,105	6,916	6,931	6,433

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	-37.9%	509	819	778	1,016	664	640
Current investments	101.3%	903	449	787	976	623	1,493
Loans, current	29.4%	0.52	0.32	0.33	0.17	0.25	0.3
Total current financial assets	-16%	2,816	3,353	2,488	3,407	2,498	3,123
Inventories	30.4%	3,019	2,316	3,733	5,686	3,554	1,019
Current tax assets	120.3%	1.13	0.36	19	19	2.39	2.21
Total current assets	5.8%	6,439	6,086	6,631	9,649	6,666	4,315
Property, plant and equipment	1.3%	4,440	4,382	4,430	4,500	2,896	2,068
Capital work-in-progress	395.2%	417	85	104	87	1,081	1,260
Investment property	0%	64	64	53	54	15	16
Goodwill	0%	343	343	343	343	343	343
Non-current investments	-97.8%	15	651	501	0.71	419	387
Loans, non-current	-	0	0	0	0	0	0
Total non-current financial assets	-92.7%	51	687	544	25	438	475
Total non-current assets	7.9%	6,221	5,764	5,543	5,689	5,394	4,853
Total assets	7%	12,682	11,850	12,174	15,339	12,061	9,169
Borrowings, non-current	-8.1%	1,491	1,622	1,576	1,926	2,023	1,429
Total non-current financial liabilities	-0.8%	1,646	1,660	1,623	1,962	2,051	1,471
Provisions, non-current	92.9%	28	15	26	28	58	56
Total non-current liabilities	1%	2,160	2,139	2,037	2,330	2,311	1,735
Borrowings, current	108.1%	594	286	364	1,390	884	592
Total current financial liabilities	16.7%	3,159	2,706	2,597	4,224	3,115	1,903
Provisions, current	1.2%	88	87	77	86	33	32
Current tax liabilities	-23.6%	497	650	548	655	594	589
Total current liabilities	9.9%	4,371	3,977	4,993	8,165	5,270	2,906
Total liabilities	6.8%	6,531	6,116	7,030	10,495	7,582	4,641
Equity share capital	0%	131	131	131	131	131	130
Non controlling interest	-4.3%	113	118	94	112	108	99
Total equity	7.3%	6,150	5,734	5,144	4,844	4,479	4,528
Total equity and liabilities	7%	12,682	11,850	12,174	15,339	12,061	9,169

Income Statement for Welspun Corp

Standalone figures (in Rs. Crores) / View Consolidated Data

QuarterlyAnnual

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	20.5%	2,449	2,033	2,073	2,877	2,323	1,778
Other Income	-38%	32	51	33	179	9.3	242
Total Income	19.1%	2,481	2,083	2,105	3,056	2,332	2,020
Cost of Materials	-9.3%	1,567	1,727	1,671	2,166	2,005	1,327
Purchases of stock-in-trade	-	0	0	0.12	11	0	8.35
Employee Expense	-2.5%	80	82	69	64	69	64
Finance costs	-7.8%	48	52	43	44	43	52
Depreciation and Amortization	-2.3%	43	44	44	43	43	40
Other expenses	16.1%	304	262	256	294	292	274
Total Expenses	17.2%	2,272	1,938	1,953	2,829	2,300	1,800
Profit Before exceptional items and Tax	45.1%	210	145	153	227	32	220
Total profit before tax	45.1%	210	145	153	227	32	220
Current tax	81.8%	61	34	25	9.27	4.12	28
Deferred tax	-436.9%	-7.39	3.49	14	29	5.88	14
Total tax	47.2%	54	37	39	38	10	42
Total profit (loss) for period	44.9%	156	108	114	189	22	178
Other comp. income net of taxes	96.6%	0.67	-8.61	3.42	1.7	-4.93	1.8
Total Comprehensive Income	57.6%	157	100	117	190	17	180
Earnings Per Share, Basic	57.3%	5.94	4.14	4.34	7.21	0.84	6.82
Earnings Per Share, Diluted	57.2%	5.92	4.13	4.33	7.19	0.83	6.81
Debt equity ratio	-	033	0	04	035	037	04
Debt service coverage ratio	1.7%	0.0462	0.03	0.0347	08	084	041
Interest service coverage ratio	3.1%	0.0895	0.06	0.0638	0.099	0.0167	0.0895

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	31.3%	9,082	6,917	5,288	4,642	4,253	4,136
Other Income	64.7%	477	290	483	858	402	126
Total Income	32.6%	9,558	7,206	5,770	5,500	4,655	4,262
Cost of Materials	19.8%	6,574	5,488	3,932	2,400	3,758	3,003
Purchases of stock-in-trade	-81.7%	38	203	147	15	0	0
Employee Expense	33.9%	254	190	209	175	199	190
Finance costs	37.8%	205	149	77	50	111	118
Depreciation and Amortization	51.9%	165	109	115	97	123	113
Other expenses	50.4%	1,105	735	675	754	877	808
Total Expenses	37.9%	8,963	6,500	5,176	4,214	4,203	4,436
Profit Before exceptional items and Tax	-15.7%	596	707	595	1,287	452	-173.66
Total profit before tax	-15.7%	596	707	595	1,287	452	-173.66
Current tax	-53.4%	70	149	109	389	130	13
Deferred tax	71.4%	49	29	-0.32	-111.33	16	8.61
Total tax	-33.3%	119	178	109	278	146	22
Total profit (loss) for period	-10%	476	529	486	1,002	268	-277.2
Other comp. income net of taxes	-94.4%	1.41	8.38	-9	0.76	-18.48	8.16
Total Comprehensive Income	-11%	478	537	477	1,003	250	-269.04
Earnings Per Share, Basic	-10.5%	18.21	20.23	18.61	38.41	10.18	-10.45
Earnings Per Share, Diluted	-10.5%	18.15	20.17	18.57	38.31	10.15	-10.45
Debt equity ratio	-0.1%	035	043	043	02	05	-
Debt service coverage ratio	-2.7%	057	0.0318	0.0632	0.026	0.0506	-
Interest service coverage ratio	-3.4%	0.0565	0.0874	0.1184	0.4368	0.0797	-

Consolidated figures (in Rs. Crores) / View Standalone Data

QuarterlyAnnual

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	9.5%	3,614	3,302	3,137	4,461	4,750	4,059
Other Income	-31.1%	43	62	42	83	8.46	102
Total Income	8.7%	3,657	3,364	3,180	4,544	4,758	4,161
Cost of Materials	-5.9%	2,149	2,284	2,247	2,602	3,226	2,729
Purchases of stock-in-trade	-	12	0	16	39	1.52	14
Employee Expense	-2.7%	254	261	220	235	249	240
Finance costs	-1.2%	82	83	66	75	62	75
Depreciation and Amortization	1.1%	90	89	85	87	90	86
Other expenses	3.4%	604	584	549	636	727	708
Total Expenses	9%	3,351	3,075	2,914	4,292	4,439	3,821
Profit Before exceptional items and Tax	5.6%	305	289	265	251	319	341
Exceptional items before tax	92.6%	0.12	-10.94	0	0	0	0
Total profit before tax	9.7%	305	278	265	251	319	341
Current tax	46.2%	77	53	40	42	58	-37.58
Deferred tax	-105.3%	0.21	16	18	18	21	117
Total tax	11.8%	77	69	57	60	79	79
Total profit (loss) for period	137.9%	672	283	248	287	294	387
Other comp. income net of taxes	1678.7%	46	3.53	-0.91	3.5	-3.55	23
Total Comprehensive Income	151.6%	718	286	247	291	290	410
Earnings Per Share, Basic	148%	25.73	10.97	9.49	10.26	11.16	14.71
Earnings Per Share, Diluted	147.5%	25.6	10.94	9.46	10.23	11.13	14.67
Debt equity ratio	-	033	0	036	033	034	038
Debt service coverage ratio	5.5%	0.083	0.03	0.0358	0.0122	0.0307	067
Interest service coverage ratio	-	-	0.09	0.0801	0.0972	0.0689	0.0751

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	77.7%	17,340	9,758	6,505	6,440	9,957	8,953
Other Income	-24.5%	242	320	551	235	116	135
Total Income	74.5%	17,582	10,078	7,056	6,675	10,073	9,088
Cost of Materials	20.2%	10,652	8,865	4,167	3,181	7,358	6,287
Purchases of stock-in-trade	200%	82	28	138	557	0	0
Employee Expense	73.5%	938	541	383	418	636	572
Finance costs	25.2%	304	243	102	68	144	177
Depreciation and Amortization	14.9%	348	303	255	215	233	260
Other expenses	85.5%	2,741	1,478	892	931	1,626	1,532
Total Expenses	67.3%	16,430	9,820	6,390	5,947	9,174	8,817
Profit Before exceptional items and Tax	347.9%	1,152	258	666	728	899	271
Total profit before tax	347.9%	1,152	258	666	728	899	271
Current tax	-18.8%	139	171	230	394	349	122
Deferred tax	469.1%	138	-36.12	-13.32	-172.86	64	0.65
Total tax	107.5%	277	134	216	221	412	122
Total profit (loss) for period	473.2%	1,136	199	444	631	654	-21.64
Other comp. income net of taxes	-79.8%	24	115	41	-33.77	110	46
Total Comprehensive Income	270.3%	1,160	314	485	597	764	24
Earnings Per Share, Basic	499.9%	42.45	7.91	16.82	23.72	24.12	-0.5
Earnings Per Share, Diluted	499.9%	42.32	7.888	16.77	23.66	24.06	-0.5
Debt equity ratio	-0.4%	033	068	045	02	05	-
Debt service coverage ratio	-0.6%	0.0104	0.0162	0.04	0.026	0.0506	-
Interest service coverage ratio	5.5%	0.0828	0.0297	0.0973	0.4368	0.0797	-

Cash Flow for Welspun Corp

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	72%	130	76	58
Change in inventories	171.6%	542	-754.57	-237.65
Depreciation	51.9%	165	109	115
Unrealised forex losses/gains	-2.9%	-1.87	-1.79	-1.09
Dividend income	64053.5%	276	0.57	308
Adjustments for interest income	-22.5%	87	112	126
Share-based payments	118.3%	11	5.58	0.56
Net Cashflows from Operations	383.7%	710	-248.92	311
Income taxes paid (refund)	-2.7%	72	74	117
Net Cashflows From Operating Activities	296.4%	638	-323.38	193
Proceeds from sales of PPE	-98.9%	2.54	144	785
Purchase of property, plant and equipment	142.4%	161	67	48
Proceeds from sales of long-term assets	-38.4%	15,876	25,769	15,938
Purchase of other long-term assets	-39.4%	15,313	25,263	16,939
Cash receipts from repayment of advances and loans made to other parties	-94.9%	16	298	334
Dividends received	64053.5%	276	0.57	308
Interest received	-36.9%	71	112	127
Net Cashflows From Investing Activities	60%	726	454	-162.55
Proceeds from issuing shares	-92.1%	1.38	5.8	0
Proceeds from borrowings	-63%	659	1,779	2,059
Repayments of borrowings	20.5%	1,930	1,602	1,631
Payments of lease liabilities	-53.4%	4.95	9.48	10
Dividends paid	0.8%	131	130	130
Interest paid	101.4%	140	70	53
Net Cashflows from Financing Activities	-5595.7%	-1,545.95	-26.16	235
Net change in cash and cash eq.	-278.4%	-182.75	104	265

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	18.9%	209	176	80
Change in inventories	173.3%	3,371	-4,594.43	194
Depreciation	14.9%	348	303	255
Unrealised forex losses/gains	-94.8%	1.67	14	6.72
Dividend income	-132.6%	0	0.57	0.1
Adjustments for interest income	-18.7%	75	92	157
Share-based payments	118.3%	11	5.58	0.56
Net Cashflows from Operations	2343.1%	1,496	-65.65	370
Income taxes paid (refund)	60.2%	190	119	151
Net Cashflows From Operating Activities	801.1%	1,306	-185.13	218
Cashflows used in obtaining control of subsidiaries	-100.2%	0	436	0
Proceeds from sales of PPE	-90.2%	15	144	810
Purchase of property, plant and equipment	-75%	299	1,194	979
Proceeds from sales of long-term assets	-38.7%	16,213	26,454	16,467
Purchase of other long-term assets	-38.6%	15,667	25,497	16,665
Cash receipts from repayment of advances and loans made to other parties	-142.9%	-0.14	3.66	0
Dividends received	6146.5%	27	0.57	0.1
Interest received	-27.1%	79	108	157
Net Cashflows From Investing Activities	187.6%	367	-416.66	-209.09
Proceeds from issuing shares	-92.1%	1.38	5.8	0
Proceeds from borrowings	-75%	750	3,000	3,037
Repayments of borrowings	27.5%	2,160	1,694	2,330
Payments of lease liabilities	-94.4%	6.27	95	0
Dividends paid	0.8%	131	130	165
Interest paid	1.7%	181	178	74
Other inflows (outflows) of cash	-	-150.33	0	0
Net Cashflows from Financing Activities	-306.8%	-1,876.79	909	453
Effect of exchange rate on cash eq.	-81.6%	5.78	27	8.29
Net change in cash and cash eq.	-159.6%	-197.62	334	470

Ticker	Name	Mkt Cap	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
APLAPOLLO	APL Apollo TubesIron & Steel Products	44.87 kCr	20.03 kCr	+7.93%	+4.32%	70.73	2.24	+12.14%	-16.95%
JINDALSAW	Jindal SawIron & Steel Products	16.35 kCr	15.83 kCr	-3.69%	-6.26%	11.84	1.03	-24.27%	-1.71%
MAHSEAMLES	Maharashtra SeamlessIron & Steel Products	9.01 kCr	5.27 kCr	-1.43%	-25.78%	11.96	1.71	-11.44%	-31.89%
MANINDS	Man Industries (India)Iron & Steel Products	1.77 kCr	3.15 kCr	+5.88%	-35.15%	16.2	0.56	+5.31%	+2.11%

WELCORP - Welspun Corp Limited Share Price

What does Welspun Corp Limited do?

Sector Comparison: WELCORP vs Industrial Products

Comparative Metrics

Performance Comparison

Share Holdings

Holding Pattern

Share Holding Details

Overall Distribution

Ownership Distribution

Valuation

Fundamentals

Profitability

Revenue Breakdown

Investor Care

Financial Health

Balance Sheet for Welspun Corp

Income Statement for Welspun Corp

Cash Flow for Welspun Corp

Is Welspun Corp Better than it's peers?

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)