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Welspun Corp Limited

Welspun Corp Limited

NSE: WELCORP
SteelBasic MaterialsLARGE CAPMCap ₹67.81k Cr
₹2,571.50₹84.60 (+3.40%)

Market Closed • NSE

Market cap₹67.81k Cr
Enterprise value₹64.44k Cr
P/E TTM29.38
Forward P/E22.93
P/B7.41
EPS TTM₹87.53
Forward EPS₹112.13
ROCE20.90%
D/E0.25
Dividend yield0.00%
Face value₹5.00
52W high₹2,900.00
52W low₹710.00
Price chart(1Y)
1Y Return:+83.38% (+₹1169.20)
H: ₹2,900L: ₹1,370
1W-7.96%
1M+4.52%
3M+57.87%
6M+113.56%
1Y+210.06%
Today at a glance

Day range

₹2,500.00₹2,630.00

52 week range

₹710.00₹2,900.00
Volume1.70M0.92x 20D avg
Free float50.00%-8.10% volume

Welspun Corp Limited closed at INR2571.50 (+3.4%) on volume 0.92x its 20-day average, trading 11.33% below its 52-week high.

Technical analysis
RSI (14)48.9Neutral (30–70)
MACDBEARISHBearish (Below signal)
ATR (14)₹142.75High
SMA 20₹2,687.55BEARISH
SMA 50₹2,455.33BULLISH
SMA 100₹1,990.36BULLISH
SMA 200₹1,469.43BULLISH
CPR bottom₹2,541.60
Pivot₹2,523.37
CPR top₹2,505.13
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved -50% QoQ

2026-06-30

DIVIDEND Announced

Dividend - Rs 5 Per Share

2025-07-18

DIVIDEND Announced

Annual General Meeting/Dividend - Rs 5 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹2.36k Cr₹67.81k Cr3.48%≤ 33%PASS
Non-halal income ratio₹104.8 Cr₹16.21k Cr0.65%≤ 5%PASS
Illiquid assets ratio₹18.92k Cr₹20.43k Cr92.60%≥ 20%PASS
Receivables ratio–₹20.43k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E29.3821.90
Forward P/E22.93—
P/B7.412.20
EV/EBITDA—18.00
PEG—1.00
Earnings yield3.404.60
Growth & profitability
RevenuePAT
FY24PAT margin 6.60%
FY25PAT margin 14.30%
FY26PAT margin 10.00%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+22.40%
Revenue CAGR 5Y-0.80%
PAT CAGR 3Y+24.20%
PAT CAGR 5Y+7.80%
Operating margin13.91%
Net margin13.35%
Financial health & cash flow
Net debt₹844.7 CrModerate
Interest coverage9.70xEBIT / interest
CFO / PAT1.22x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹3.20k Cr
Capital expenditure–
Free cash flow₹672.1 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall78/100
Valuation60/100
Profitability80/100
Financial health95/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Strong Capital Efficiency: ROCE stands at 20.9%

Low Debt Profile: Debt-to-Equity is comfortable at 0.25x

High Cash Flow Conversion: CFO/PAT averaged 1.22x over last 3 years

Risks

Subject to cyclical raw material and macro industry pressures

Bull case

Market Leadership: Established operational scale in Steel.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

60%40%20%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
32.72%Institutional holding
17.52%Public holding
5Periods available
0.00%Promoter pledged
1.22LShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
30 Jun 2026Dividend₹5.00 / share—30 Jun 2026
18 Jul 2025Dividend₹5.00 / share—18 Jul 2025
28 Jun 2024Dividend₹5.00 / share—28 Jun 2024
16 Jun 2023Dividend₹5.00 / share—16 Jun 2023
10 Jun 2022Dividend₹5.00 / share—09 Jun 2022
10 Aug 2021Dividend₹5.00 / share—09 Aug 2021
07 Aug 2020Dividend₹0.50 / share—06 Aug 2020
13 Feb 2020Dividend₹10.00 / share—12 Feb 2020
05 Jul 2019Dividend₹0.50 / share—04 Jul 2019
05 Jul 2019BuybackBuyback—04 Jul 2019
—Dividend₹0.50 / share—25 Jun 2018
—Dividend₹0.50 / share—22 Jun 2017
—Dividend₹0.00 / share—23 Jun 2016
—Dividend₹0.50 / share—18 Jun 2015
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)36.00%-10.06% latest vs average
Highest delivery48.76%on 18 Sept
Average volume (20D)1.85MTrading-session average
Conviction trendWeakening-10.06% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
UltraTech Cement Limited
UltraTech Cement LimitedULTRACEMCO
Open analysis
₹3.21L37.592.21%₹25,799.47₹2,982.76+11.86%+20.17%
JSW Steel Limited
JSW Steel LimitedJSWSTEEL
Open analysis
₹2.97L12.050.59%₹47,364.00₹4,651.00+11.55%+112.96%
Hindustan Zinc Limited
Hindustan Zinc LimitedHINDZINC
Open analysis
₹2.28L13.372.07%₹13,687.00₹5,425.00+77.22%+146.14%
Asian Paints Limited
Asian Paints LimitedASIANPAINT
Open analysis
₹2.24L46.941.17%₹10,541.94₹1,539.25+17.94%+39.96%
Tata Steel Limited
Tata Steel LimitedTATASTEEL
Open analysis
₹2.19L19.832.27%₹60,794.00₹2,385.00+14.32%+18.83%
Hindalco Industries Limited
Hindalco Industries LimitedHINDALCO
Open analysis
₹2.02L12.320.56%₹84,825.00₹7,013.00+32.06%+75.15%
Grasim Industries Limited
Grasim Industries LimitedGRASIM
Open analysis
₹1.98L34.820.35%₹11,794.71₹246.65-70.60%-82.61%
Solar Industries India Limited
Solar Industries India LimitedSOLARINDS
Open analysis
₹1.81L90.930.06%₹3,668.00₹666.00+70.29%+88.67%
About Welspun Corp Limited
Welspun Corp Limited

WCL is one of the largest manufacturers of large diameter pipes globally. The company also manufactures BIS-certified Steel Billets, TMT (Thermo-Mechanically Treated) Rebars, Ductile Iron (DI) Pipes, Stainless Steel Pipes, and Tubes & Bars. The company acquired Sintex-BAPL, a market leader in water tanks and other plastic products, to expand its building materials portfolio. It has also made strategic acquisition of specified assets of ABG Shipyard. [1]

IndiaBasic Materials

Questions investors ask
Is Welspun Corp Limited Shariah compliant?

Welspun Corp Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (3.48%) complies with AAOIFI threshold (≤ 33%).

What is Welspun Corp Limited's current valuation relative to peers?

Welspun Corp Limited trades at a P/E of 29.4x compared to the sector median of 21.9x, and a Price-to-Book of 7.4x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.25x. Interest coverage is 9.7x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at -0.8% while net profit growth averaged 7.8%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.