About
Welspun Corp Limited, together with its subsidiaries, manufactures, trades in, distributes, and sells steel pipes, tubes, bars, coils, and plates in India, the United States, and internationally. It operates through Steel Products and Others segments. The company offers carbon steel line pipes comprising longitudinal submerged arc welding, helically submerged arc welding, high frequency welding, bends, and anti-corrosion and concrete weight coating; ductile iron pipes; thermo-mechanically treated bars; pig iron products; stainless steel and alloy products; water tanks; industrial containers; SMC panel tanks; electrical enclosures; and uPVC interiors. It also provides plastic products; basic precious and non-ferrous metals; prefabricated structures, infra project services, and turnkey projects; custom moulded products; polymers and its products; PVC/CPVC pipes and fittings for water supply; water pipes; and billet, rolled bar, black bar, ingot, bloom, and seamless pipes and tubes. The company's products are used in onshore and offshore oil, gas, and water transmission; gas distribution; households, commercial buildings, and institutional settings; hydrogen pipelines; and nuclear, space, defence, power and energy, and petrochemicals sectors. 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.
Key Metrics
as of Sep 2026Market Cap68,220 Cr
P/E29.50
Div Yield0.19 %
Book Value₹347.00
52w High₹2,676.00
52w Low₹710.00
Face Value₹5.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,567.00 | 2,270.00 | 2,378.00 | 1,822.00 | 1,828.00 | 2,281.00 | 2,449.00 | 2,033.00 | 2,073.00 | 2,877.00 | 2,323.00 | 1,778.00 | 2,103.00 |
| Expenses | 1,394.00 | 1,936.00 | 2,113.00 | 1,634.00 | 1,592.00 | 2,038.00 | 2,181.00 | 1,841.00 | 1,866.00 | 2,742.00 | 2,214.00 | 1,708.00 | 1,928.00 |
| Operating Profit | 173.00 | 334.00 | 265.00 | 188.00 | 236.00 | 244.00 | 268.00 | 191.00 | 207.00 | 135.00 | 109.00 | 70.00 | 175.00 |
| OPM % | 11.00 | 15.00 | 11.00 | 10.00 | 13.00 | 11.00 | 11.00 | 9.00 | 10.00 | 4.70 | 4.70 | 3.90 | 8.00 |
| Other Income | 38.00 | 23.00 | 13.00 | 322.00 | 159.00 | 414.00 | 32.00 | 51.00 | 33.00 | 179.00 | 9.00 | 242.00 | 47.00 |
| Depreciation | 41.00 | 37.00 | 37.00 | 37.00 | 39.00 | 42.00 | 43.00 | 44.00 | 44.00 | 43.00 | 43.00 | 40.00 | 38.00 |
| Interest | 15.00 | 23.00 | 28.00 | 27.00 | 30.00 | 49.00 | 48.00 | 52.00 | 43.00 | 44.00 | 43.00 | 52.00 | 67.00 |
| Profit before tax | 156.00 | 297.00 | 213.00 | 445.00 | 326.00 | 566.00 | 210.00 | 145.00 | 153.00 | 227.00 | 32.00 | 220.00 | 116.00 |
| Tax % | 26.00 | 22.00 | 24.00 | 18.00 | 22.00 | 18.00 | 26.00 | 25.00 | 26.00 | 17.00 | 31.00 | 19.00 | 25.00 |
| Net Profit | 116.00 | 232.00 | 161.00 | 366.00 | 255.00 | 464.00 | 156.00 | 108.00 | 114.00 | 189.00 | 22.00 | 178.00 | 87.00 |
| EPS in Rs | 4.39 | 8.79 | 6.10 | 13.87 | 9.68 | 17.69 | 5.94 | 4.13 | 4.33 | 7.21 | 0.84 | 6.82 | 3.34 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 8,299.00 | 8,835.00 | 9,082.00 | 7,731.00 | 5,288.00 | 5,285.00 | 4,253.00 | 4,136.00 | 4,020.00 | 4,346.00 | 3,772.00 | 4,949.00 |
| Expenses | 7,273.00 | 7,912.00 | 8,593.00 | 7,280.00 | 4,977.00 | 4,679.00 | 4,005.00 | 4,043.00 | 3,695.00 | 3,834.00 | 3,601.00 | 4,653.00 |
| Operating Profit | 1,026.00 | 924.00 | 489.00 | 451.00 | 311.00 | 606.00 | 249.00 | 93.00 | 324.00 | 512.00 | 172.00 | 296.00 |
| OPM % | 12.00 | 10.00 | 5.00 | 6.00 | 6.00 | 11.00 | 6.00 | 2.30 | 8.00 | 12.00 | 4.60 | 6.00 |
| Other Income | 514.00 | 515.00 | 477.00 | 251.00 | 476.00 | 865.00 | 400.00 | -118.00 | 128.00 | 203.00 | 99.00 | 134.00 |
| Interest | 108.00 | 192.00 | 205.00 | 194.00 | 77.00 | 58.00 | 111.00 | 118.00 | 131.00 | 207.00 | 201.00 | 213.00 |
| Depreciation | 151.00 | 173.00 | 165.00 | 138.00 | 115.00 | 110.00 | 123.00 | 113.00 | 116.00 | 244.00 | 248.00 | 243.00 |
| Profit before tax | 1,282.00 | 1,074.00 | 596.00 | 371.00 | 595.00 | 1,303.00 | 414.00 | -255.00 | 205.00 | 264.00 | -179.00 | -26.00 |
| Tax % | 21.00 | 22.00 | 20.00 | 25.00 | 18.00 | 22.00 | 35.00 | 9.00 | 39.00 | 34.00 | -31.00 | -38.00 |
| Net Profit | 1,014.00 | 842.00 | 476.00 | 277.00 | 486.00 | 1,018.00 | 268.00 | -277.00 | 126.00 | 175.00 | -123.00 | -16.00 |
| EPS in Rs | 38.42 | 32.08 | 18.20 | 10.60 | 18.61 | 39.02 | 10.28 | -10.45 | 4.74 | 6.58 | -4.64 | -0.60 |
| Dividend Payout % | 13.00 | 16.00 | 27.00 | 47.00 | 27.00 | 13.00 | 102.00 | -5.00 | 11.00 | 8.00 | -11.00 | -84.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 132.00 | 131.00 | 131.00 | 131.00 | 130.00 | 130.00 | 130.00 | 133.00 | 133.00 | 133.00 | 133.00 | 132.00 |
| Reserves | 5,022.00 | 4,168.00 | 3,433.00 | 3,076.00 | 2,924.00 | 2,576.00 | 1,430.00 | 1,504.00 | 1,783.00 | 1,677.00 | 1,497.00 | 1,738.00 |
| Borrowings | 430.00 | 417.00 | 1,259.00 | 2,536.00 | 1,330.00 | 559.00 | 822.00 | 749.00 | 697.00 | 1,477.00 | 1,872.00 | 2,139.00 |
| Other Liabilities | 3,483.00 | 3,423.00 | 2,939.00 | 2,626.00 | 2,049.00 | 1,906.00 | 2,487.00 | 2,012.00 | 2,893.00 | 3,006.00 | 2,414.00 | 2,983.00 |
| Total Liabilities | 9,067.00 | 8,140.00 | 7,762.00 | 8,368.00 | 6,433.00 | 5,171.00 | 4,870.00 | 4,397.00 | 5,506.00 | 6,293.00 | 5,916.00 | 6,992.00 |
| Fixed Assets | 2,280.00 | 2,122.00 | 2,271.00 | 2,288.00 | 1,007.00 | 1,094.00 | 817.00 | 773.00 | 2,198.00 | 2,370.00 | 2,596.00 | 2,808.00 |
| CWIP | 30.00 | 36.00 | 20.00 | 55.00 | 5.00 | 10.00 | 67.00 | 40.00 | 14.00 | 32.00 | 25.00 | 23.00 |
| Investments | 2,835.00 | 1,951.00 | 1,472.00 | 1,956.00 | 2,746.00 | 1,723.00 | 506.00 | 616.00 | 567.00 | 738.00 | 953.00 | 1,030.00 |
| Other Assets | 3,923.00 | 4,032.00 | 3,999.00 | 4,070.00 | 2,675.00 | 2,344.00 | 3,479.00 | 2,968.00 | 2,726.00 | 3,153.00 | 2,342.00 | 3,132.00 |
| Total Assets | 9,067.00 | 8,140.00 | 7,762.00 | 8,368.00 | 6,433.00 | 5,171.00 | 4,870.00 | 4,397.00 | 5,506.00 | 6,293.00 | 5,916.00 | 6,992.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 806.00 | 1,001.00 | 638.00 | -439.00 | 193.00 | 378.00 | 16.00 | 253.00 | 792.00 | 266.00 | 336.00 | 256.00 |
| Cash from Investing Activity | -733.00 | 122.00 | 726.00 | -27.00 | -163.00 | -198.00 | 359.00 | -236.00 | 188.00 | 350.00 | 95.00 | 557.00 |
| Cash from Financing Activity | -236.00 | -1,155.00 | -1,546.00 | 593.00 | 235.00 | -197.00 | -374.00 | -39.00 | -902.00 | -594.00 | -488.00 | -732.00 |
| Net Cash Flow | -164.00 | -31.00 | -183.00 | 127.00 | 265.00 | -17.00 | 1.00 | -23.00 | 78.00 | 22.00 | -56.00 | 81.00 |
| Free Cash Flow | 643.00 | 915.00 | 479.00 | -924.00 | 149.00 | 366.00 | -125.00 | 224.00 | 752.00 | 177.00 | 293.00 | 227.00 |
| CFO/OP % | 103.00 | 121.00 | 145.00 | -81.00 | 100.00 | 87.00 | 34.00 | 274.00 | 231.00 | 45.00 | 197.00 | 88.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 63.00 | 54.00 | 66.00 | 44.00 | 55.00 | 42.00 | 58.00 | 64.00 | 100.00 | 111.00 | 95.00 | 128.00 |
| Inventory Days | 108.00 | 103.00 | 69.00 | 114.00 | 70.00 | 57.00 | 175.00 | 34.00 | 121.00 | 154.00 | 103.00 | 75.00 |
| Days Payable | 96.00 | 101.00 | 84.00 | 81.00 | 86.00 | 50.00 | 95.00 | 116.00 | 217.00 | 224.00 | 173.00 | 198.00 |
| Cash Conversion Cycle | 74.00 | 56.00 | 52.00 | 77.00 | 40.00 | 49.00 | 138.00 | -18.00 | 4.00 | 41.00 | 25.00 | 5.00 |
| Working Capital Days | 3.00 | 2.00 | 26.00 | -24.00 | -27.00 | 48.00 | 65.00 | 67.00 | 0.00 | 15.00 | 10.00 | 3.00 |
| ROCE % | 21.00 | 18.00 | 15.00 | 9.00 | 18.00 | 44.00 | 22.00 | 4.00 | 11.00 | 12.00 | -1.00 | 4.00 |
Corporate Actions
31 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 30 Jun 2026 | 30 Jun 2026 | — | 5.00 | |
| Dividend | 18 Jul 2025 | 18 Jul 2025 | — | 5.00 | |
| Dividend | 28 Jun 2024 | 28 Jun 2024 | — | 5.00 | |
| Dividend | 16 Jun 2023 | 16 Jun 2023 | — | 5.00 | |
| Dividend | 09 Jun 2022 | 10 Jun 2022 | — | 5.00 | |
| Dividend | 09 Aug 2021 | 10 Aug 2021 | — | 5.00 | |
| Dividend | 06 Aug 2020 | 07 Aug 2020 | — | 0.50 | |
| Dividend | 12 Feb 2020 | 13 Feb 2020 | — | 10.00 | |
| Dividend | 04 Jul 2019 | 05 Jul 2019 | — | 0.50 | |
| Other | 04 Jul 2019 | 05 Jul 2019 | — | — | Buy Back of Shares |
| Other | 04 Jul 2019 | 05 Jul 2019 | — | — | Buyback |
| Other | 04 Jul 2019 | 05 Jul 2019 | — | — | Dividend Rs - 0.50 Per Share |
| Dividend | 25 Jun 2018 | — | — | 0.50 | |
| Other | 25 Jun 2018 | — | — | — | Dividend Re - 0.50 Per Share |
| Dividend | 22 Jun 2017 | — | — | 0.50 | |
| Dividend | 23 Jun 2016 | — | — | 0.50 | |
| Dividend | 18 Jun 2015 | — | — | 0.50 | |
| Dividend | 19 Jun 2014 | — | — | 0.50 | |
| Other | 18 Feb 2014 | 20 Feb 2014 | — | — | Spin Off |
| Other | 18 Feb 2014 | 20 Feb 2014 | — | — | Scheme Of Arrangement |
| Dividend | 19 Sep 2013 | — | — | 0.50 | |
| Dividend | 23 Aug 2012 | — | — | 0.50 | |
| Dividend | 29 Jun 2011 | — | — | 2.00 | |
| Dividend | 05 May 2010 | — | — | 2.00 | |
| Dividend | 08 Jun 2009 | — | — | 1.50 | |
| Other | 08 Jun 2009 | — | — | — | Dividend-Rs.1.50 Pr Share |
| Dividend | 29 Jul 2008 | — | — | 1.50 | |
| Dividend | 09 Jul 2007 | — | — | 1.00 | |
| Dividend | 21 Sep 2006 | — | — | 0.50 | |
| Other | 22 Sep 2005 | — | — | — | Agm |
| Other | 20 Apr 2005 | 28 Apr 2005 | — | — | Scheme of Arrangement |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update5 Aug from care
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Rating update2 Dec 2025 from crisil
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Rating update1 Dec 2025 from care
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Rating update8 Aug 2025 from care
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Rating update2 Jul 2025 from crisil
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Rating update27 May 2025 from brickwork
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