Capital Goods · NIFTY 500
Welspun Corp Limited
NSEWELCORP
BSE532144 ISININE191B01025 SeriesEQ Listed on NSE · BSE
₹2,155.90 -56.50 (-2.55%) Updated 12 Nov, 8:49 pm IST
Price, daily close+138.41% in a year
Today
- Open
- ₹2,218.80
- Prev close
- ₹2,212.40
- Day high
- ₹2,266.10
- Day low
- ₹2,132.30
- Volume
- 9.29 L
- Value traded
- ₹201.57 Cr
- Upper circuit
- ₹2,654.80
- Lower circuit
- ₹1,770.00
- 52W high
- ₹2,900.00
- 52W low
- ₹710.00
- 1 month
- -16.84%
- 6 months
- +65.87%
52W low52W high
Ratios
Key numbers
Worked out from the latest filings (Consolidated) and today's price. TTM = last four quarters.
Market cap₹56,873 Cr
P/E (TTM)24.02
P/B5.35
Book value / share₹402.76
EPS (TTM)₹89.74
ROE22.3%
Dividend yield0.23%
Dividend (12m)₹5.00 / share
Net margin (TTM)13.5%
Operating margin15.6%
Debt / equity0.09
Current ratio1.21
EV / EBITDA21.91
Sales growth (YoY qtr)+6.18%
Profit growth (YoY qtr)+13.39%
Sales CAGR 3Y+19.78%
Profit CAGR 3Y+98.35%
Shares26.38 Cr
Quarterly results
Results for each quarter
Last 12 quarters, consolidated, ₹ crore. Hover a bar to see the number.
Revenue and net profit
Sep 23
Dec 23
Mar 24
Jun 24
Sep 24
Dec 24
Jun 25
Sep 25
Dec 25
Mar 26
Jun 26
Sep 26
Revenue · QoQ (vs last quarter)
—+17%-6.1%-30%+5.2%+9.4%—+23%+3.6%-4.9%-5.4%+14%
Revenue · YoY (vs a year ago)
————-19%-24%+13%+32%+25%—+15%+6.2%
Net profit · QoQ (vs last quarter)
—-24%-8.0%-7.6%+16%+135%—+25%+2.9%-18%+183%-52%
Net profit · YoY (vs a year ago)
————-25%+131%+41%+53%-33%—+199%+13%
RevenueNet profitLine = trend
Sep 23
Dec 23
Mar 24
Jun 24
Sep 24
Dec 24
Jun 25
Sep 25
Dec 25
Mar 26
Jun 26
Sep 26
EPS (₹) · YoY (vs a year ago)
————-25%+130%+40%+52%-33%—+198%+13%
EPS (₹)Line = trend
| ₹ Cr | Sep 23 | Dec 23 | Mar 24 | Jun 24 | Sep 24 | Dec 24 | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4,059 | 4,750 | 4,461 | 3,137 | 3,302 | 3,614 | 3,551 | 4,374 | 4,532 | 4,313 | 4,081 | 4,644 |
| Other income | 102 | 8.5 | 82.5 | 42.4 | 62.4 | 43.1 | 35.0 | 35.1 | 29.6 | 35.6 | 63.8 | 54.8 |
| Total income | 4,161 | 4,758 | 4,544 | 3,180 | 3,364 | 3,657 | 3,587 | 4,409 | 4,562 | 4,348 | 4,145 | 4,699 |
| Raw material | 2,729 | 3,226 | 2,602 | 2,247 | 2,284 | 2,149 | 2,761 | 2,767 | 2,762 | 2,491 | 2,332 | 2,911 |
| Purchases | 14.4 | 1.5 | 38.6 | 15.7 | 0.0 | 12.1 | 12.4 | 11.9 | 15.6 | 42.1 | 2.6 | 8.0 |
| Employee cost | 240 | 249 | 235 | 220 | 261 | 254 | 285 | 309 | 329 | 323 | 314 | 305 |
| Other expenses | 708 | 727 | 636 | 549 | 584 | 604 | 711 | 771 | 739 | 808 | 744 | 811 |
| Total expenses | 3,821 | 4,439 | 4,292 | 2,915 | 3,075 | 3,351 | 3,174 | 3,916 | 4,060 | 3,951 | 3,559 | 4,085 |
| Operating profit | 400 | 463 | 330 | 374 | 389 | 435 | 525 | 591 | 616 | 504 | 692 | 727 |
| OPM % | 9.8% | 9.7% | 7.4% | 11.9% | 11.8% | 12.0% | 14.8% | 13.5% | 13.6% | 11.7% | 17.0% | 15.6% |
| Finance cost | 75.0 | 62.5 | 74.6 | 66.4 | 83.5 | 82.3 | 63.2 | 49.4 | 50.7 | 49.0 | 45.2 | 38.4 |
| Depreciation | 85.7 | 89.6 | 86.8 | 84.8 | 89.2 | 90.0 | 84.8 | 84.2 | 92.5 | 93.0 | 125 | 129 |
| Exceptional items | — | — | — | — | -10.9 | 0.1 | — | — | — | — | — | — |
| Profit before tax | 341 | 319 | 251 | 265 | 278 | 305 | 412 | 493 | 502 | 397 | 586 | 614 |
| Tax | 79.0 | 79.0 | 59.8 | 57.3 | 69.1 | 77.2 | 112 | 145 | 137 | 133 | 159 | 160 |
| Net profit | 387 | 294 | 287 | 248 | 283 | 672 | 349 | 444 | 456 | 371 | 1,048 | 495 |
| Profit to shareholders | 385 | 292 | 268 | 248 | 287 | 675 | 350 | 440 | 453 | 370 | 1,046 | 499 |
| EPS (₹) | 14.67 | 11.13 | 10.23 | 9.46 | 10.94 | 25.60 | 13.29 | 16.68 | 17.16 | 14.04 | 39.65 | 18.89 |
Profit & loss
Results for each year
8 financial years (April to March), consolidated, ₹ crore.
Sales, operating profit and net profit
FY19
FY20
FY21
FY22
FY23
FY24
FY25
FY26
Revenue · YoY (vs a year ago)
—+11%-35%+1.0%+50%+78%-19%+20%
Net profit · YoY (vs a year ago)
——-5.4%-29%-53%+437%+72%-15%
RevenueOperating profitNet profitLine = trend
| ₹ Cr | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 8,953 | 9,957 | 6,440 | 6,505 | 9,758 | 17,340 | 13,978 | 16,770 |
| Other income | 135 | 116 | 235 | 551 | 320 | 242 | 190 | 135 |
| Total expenses | 8,817 | 9,174 | 5,947 | 6,390 | 9,820 | 16,430 | 12,980 | 15,101 |
| Employee cost | 572 | 637 | 418 | 383 | 541 | 938 | 1,003 | 1,246 |
| Operating profit | 573 | 1,160 | 774 | 472 | 485 | 1,561 | 2,134 | 2,236 |
| OPM % | 6.4% | 11.6% | 12.0% | 7.3% | 5.0% | 9.0% | 15.3% | 13.3% |
| Finance cost | 177 | 144 | 67.6 | 102 | 243 | 304 | 320 | 212 |
| Depreciation | 260 | 233 | 215 | 255 | 303 | 348 | 351 | 355 |
| Profit before tax | 271 | 899 | 728 | 666 | 258 | 1,152 | 1,653 | 1,804 |
| Tax | 122 | 412 | 221 | 216 | 134 | 277 | 360 | 526 |
| Tax rate % | 45.2% | 45.9% | 30.4% | 32.5% | 52.0% | 24.1% | 21.8% | 29.2% |
| Net profit | -21.6 | 654 | 631 | 444 | 199 | 1,136 | 1,902 | 1,620 |
| Profit to shareholders | 0.0 | — | 619 | 439 | 207 | 1,110 | 1,908 | 1,613 |
| Net margin % | 0.0% | 6.6% | 9.6% | 6.7% | 2.1% | 6.4% | 13.7% | 9.6% |
| EPS (₹) | 2.57 | 24.06 | 23.66 | 16.77 | 7.89 | 42.32 | 72.44 | 61.20 |
Balance sheet
Assets and debt
At each year end (and the latest half year), ₹ crore.
Equity, debt and assets
Mar 23
Mar 24
Mar 25
Mar 26
Sep 26
Shareholders' equity · YoY (vs a year ago)
—+19%+33%+23%—
Shareholders' equityBorrowingsCashLine = trend
| ₹ Cr | Mar 23 | Mar 24 | Mar 25 | Mar 26 | Sep 26 |
|---|---|---|---|---|---|
| Shareholders' equity | 4,732 | 5,616 | 7,463 | 9,156 | 10,625 |
| Long-term borrowings | 1,926 | 1,622 | 463 | 1,598 | 699 |
| Short-term borrowings | 1,390 | 286 | 461 | 565 | 204 |
| Total borrowings | 3,316 | 1,908 | 924 | 2,163 | 903 |
| Current liabilities | 8,165 | 3,977 | 6,322 | 8,350 | 10,266 |
| Fixed assets (PPE) | 4,500 | 4,382 | 4,252 | 6,084 | 6,210 |
| Inventories | 5,686 | 2,316 | 4,212 | 4,656 | 5,351 |
| Trade receivables | 1,140 | 1,799 | 1,769 | 1,719 | 1,078 |
| Cash & equivalents | 1,016 | 819 | 1,147 | 1,513 | 2,167 |
| Current assets | 9,649 | 6,086 | 8,431 | 11,102 | 12,388 |
| Total assets | 15,339 | 11,850 | 15,237 | 20,434 | 23,207 |
| Debt / equity | 0.70 | 0.34 | 0.12 | 0.24 | 0.09 |
Cash flow
Cash coming in and going out
For each financial year, ₹ crore. Free cash flow = cash from operations minus spending on fixed assets.
Operating, investing and financing cash
FY22
FY23
FY24
FY25
FY26
Operations · YoY (vs a year ago)
—-185%+805%+15%+113%
OperationsInvestingFinancingLine = trend
| ₹ Cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 218 | -185 | 1,306 | 1,504 | 3,204 |
| Cash from investing | -209 | -417 | 367 | 180 | -3,723 |
| Cash from financing | 453 | 909 | -1,877 | -1,369 | 875 |
| Spent on fixed assets | -979 | -1,194 | -299 | -853 | -2,532 |
| Free cash flow | -761 | -1,379 | 1,007 | 651 | 672 |
| Net cash flow | 462 | 307 | -203 | 315 | 357 |
Shareholding
Who holds the shares
Promoter and public holding at each quarter end, as filed with NSE.
Holding over time
Promoter & groupPublic
Latest (30 Sep 2026)
47.5%promoter
- Promoter & group
- 47.46%
- Public (FIIs, mutual funds, retail…)
- 52.51%
- Employee trusts
- 0.03%
- Promoter change, last quarter
- -2.27 pts
Dividends & news
Latest dividends and announcements
Dividends & corporate actions
- Dividend - Rs 5 Per Share
- Annual General Meeting/Dividend - Rs 5 Per Share
- Dividend - Rs 5 Per Share
- Dividend - Rs 5 Per Share
- Dividend - Rs 5 Per Share
- Dividend - Rs 5 Per Share
- Dividend - Rs 0.50 Per Share
- Interim Dividend - Rs 10 Per Share
Board meetings
- Welspun Corp Limited has informed the Exchange about Board Meeting to be held on 29-Oct-2026 to inter-alia consider and approve the Unaudited Financi…
- Welspun Corp Limited has informed the Exchange about Board Meeting to be held on 29-Oct-2026 to inter-alia consider and approve the Unaudited Financi…
- the financial results for the period ended September 30, 2026
- WELSPUN CORP LIMITED has informed the Exchange about Board Meeting to be held on 24-Jul-2026 to inter-alia consider and approve the Unaudited Financi…
- the standalone as well as the consolidated unaudited financial results of the Company for the quarter ended 30th June, 2026.
Filings with NSE
- General Updates
- Analysts/Institutional Investor Meet/Con. Call Updates
- Analysts/Institutional Investor Meet/Con. Call Updates
- Copy of Newspaper Publication
- Copy of Newspaper Publication
- Resignation of Director/KMP/SMP
- Resignation
Latest news
Welspun Corp Share Price - Live NSE: WELCORP Stock Price & ChartUpstox · 10 Nov, 7:28 amWelspun Corp Wins ₹5,500 Crore US Gas Pipeline Order; Shares Fall 3.22%HDFC Sky · 23 Oct, 12:30 pm1647% return in 5 years: Welspun Corp wins ₹5,500 cr US gas pipeline order - What's next for this multibagger stock?Livemint · 23 Oct, 12:30 pmWelspun Corp zooms 227% in 6 months; Jefferies projects further upsideBusiness Standard · 3 Sep, 12:30 pmWhy is Welspun Corp stock surging today? By Investing.comInvesting.com India · 21 Aug, 12:30 pmWelspun Corp Share Price Falls 2.02% in Large Cap TradeUnivest · 21 Oct, 12:30 pmWelspun Corp shares hit 52-week high on bagging largest-ever order worth Rs 17,200 crore; should you buy,...Moneycontrol.com · 21 Aug, 12:30 pmWelspun Corp Share Price Zoom 6%, Hits All-Time High. Here's WhyNDTV Profit · 3 Sep, 12:30 pmAbout
About Welspun Corp Limited
Welspun Corp Limited is an Indian multinational company with its headquarters in Mumbai, India. It specializes in manufacturing large-diameter pipes and operates in multiple countries across six continents. Its manufacturing facilities are located in Anjar (Gujarat), Bhopal, Mandya (Karnataka), Jhagadia (Gujarat), and Little Rock, Arkansas, in the US.
From Wikipedia (CC BY-SA 4.0).
Company details
- Company name
- Welspun Corp Limited
- NSE symbol
- WELCORP
- BSE scrip code
- 532144
- ISIN
- INE191B01025
- Listed on
- NSE, BSE
- Series
- EQ (normal equity)
- Listed on NSE since
- 24 May 2005
- Face value
- ₹5 per share
- Market lot
- 1 share
- Shares issued
- 26.38 crore
- Index
- NIFTY 500
- Sector (NSE)
- Capital Goods
- Industry
- Industrial Machinery
- Managing director / CEO
- Vipul Mathur
- Chair
- Balkrishan Goenka
- Headquarters
- Mumbai, IN
- Registered address
- Welspun House, 5th Floor, Kamala Mills Compound, Senapati Bapat Marg, Lower Parel, Mumbai- 400 013 Marg, Lower Parel, Mumbai - 400 013
- Founded
- 1995
- Employees
- 4,174
- Financial year
- April to March
- Results basis
- Consolidated
- Website
- welspuncorp.com
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Prices from NSE via Upstox. Financials from the company's results filed with NSE (XBRL); ratios are our own working. Profile from global-stock-logos (MIT). For information only, not a recommendation to buy or sell.