About
Welspun Specialty Solutions Limited manufactures and sells steel and steel products in India and internationally. The company offers alloy, stainless, and Ni-alloy steel products; cast blooms and ingots; round bars and corner squares; peeled and polished bright bars; and heat treated products, such as annealed, spheroidised annealed, normalized, and soft annealed. It also provides billets, black bars, tubes, pipes, and hollow profiles of tube or pipe fittings; hot and cold-rolled steel products; and tube and tube fittings of steel. In addition, the company serves various sectors, including aerospace, automotive, dairy, machine building, pharmaceutical, shipbuilding/marine, architecture, consumer goods, energy and power, nuclear power, petrochemical, waste incineration, agriculture/fertiliser, engineering, railways, oil and gas, and defense. It exports its products. The company was formerly known as RMG Alloy Steel Limited and changed its name to Welspun Specialty Solutions Limited in August 2019. The company was incorporated in 1980 and is based in Mumbai, India. Welspun Specialty Solutions Limited is a subsidiary of Welspun Corp Limited.
Key Metrics
as of Sep 2026Market Cap3,946 Cr
P/E138.00
Div Yield0.00 %
Book Value₹6.89
52w High₹63.30
52w Low₹31.00
Face Value₹6.00
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 | 193.67 | 219.75 | 226.05 | 239.08 | 201.32 | 200.15 | 194.05 | 167.42 | 162.10 | 151.27 | 174.75 | 207.82 | 162.83 |
| Expenses | 183.13 | 208.59 | 209.09 | 224.62 | 197.01 | 190.42 | 186.59 | 164.66 | 151.25 | 139.20 | 162.83 | 195.82 | 142.99 |
| Operating Profit | 10.54 | 11.16 | 16.96 | 14.46 | 4.31 | 9.73 | 7.46 | 2.76 | 10.85 | 12.07 | 11.92 | 12.00 | 19.84 |
| OPM % | 5.44 | 5.08 | 7.50 | 6.05 | 2.14 | 4.86 | 3.84 | 1.65 | 6.69 | 7.98 | 6.82 | 5.77 | 12.18 |
| Other Income | 3.79 | 1.85 | 2.81 | 3.63 | 9.70 | 8.37 | 5.52 | 5.56 | 5.93 | 5.14 | 7.19 | 5.71 | 3.46 |
| Depreciation | 4.41 | 4.31 | 4.36 | 4.08 | 3.96 | 4.01 | 4.21 | 4.07 | 3.90 | 3.88 | 3.91 | 3.89 | 3.80 |
| Interest | 5.18 | 4.75 | 5.90 | 4.36 | 10.80 | 10.71 | 12.37 | 10.60 | 10.28 | 7.17 | 9.10 | 8.62 | 8.36 |
| Profit before tax | 4.74 | 3.95 | 9.51 | 9.65 | -0.75 | 3.38 | -3.60 | -6.35 | 2.60 | 6.16 | 6.10 | 5.20 | 11.14 |
| Tax % | -8.86 | -7.85 | 0.00 | 0.00 | 0.00 | -5.33 | 0.00 | 0.00 | 25.00 | -549.84 | 0.00 | 0.00 | 0.00 |
| Net Profit | 5.16 | 4.26 | 9.51 | 9.65 | -0.75 | 3.56 | -3.60 | -6.35 | 1.95 | 40.03 | 6.10 | 5.20 | 11.14 |
| EPS in Rs | 0.08 | 0.06 | 0.14 | 0.15 | -0.01 | 0.05 | -0.05 | -0.10 | 0.03 | 0.60 | 0.09 | 0.08 | 0.17 |
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 | 886.00 | 724.00 | 697.00 | 418.00 | 163.00 | 93.00 | 295.00 | 441.00 | 240.00 | 262.00 | 267.00 | 332.00 |
| Expenses | 839.00 | 693.00 | 641.00 | 401.00 | 182.00 | 113.00 | 366.00 | 477.00 | 251.00 | 277.00 | 280.00 | 341.00 |
| Operating Profit | 47.00 | 31.00 | 56.00 | 17.00 | -18.00 | -20.00 | -71.00 | -36.00 | -11.00 | -15.00 | -13.00 | -9.00 |
| OPM % | 5.00 | 4.30 | 8.00 | 4.00 | -11.00 | -21.00 | -24.00 | -8.00 | -4.50 | -6.00 | -4.80 | -2.80 |
| Other Income | 18.00 | 25.00 | 22.00 | 15.00 | 19.00 | 138.00 | 15.00 | 32.00 | 10.00 | 9.00 | 5.00 | 34.00 |
| Interest | 26.00 | 44.00 | 33.00 | 30.00 | 19.00 | 11.00 | 15.00 | 9.00 | 47.00 | 45.00 | 46.00 | 50.00 |
| Depreciation | 17.00 | 16.00 | 15.00 | 15.00 | 14.00 | 14.00 | 10.00 | 7.00 | 7.00 | 7.00 | 7.00 | 12.00 |
| Profit before tax | 22.00 | -4.00 | 29.00 | -14.00 | -32.00 | 93.00 | -81.00 | -20.00 | -55.00 | -58.00 | -60.00 | -37.00 |
| Tax % | -1.00 | 2.00 | -118.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | 23.00 | -4.00 | 62.00 | -14.00 | -32.00 | 93.00 | -81.00 | -20.00 | -55.00 | -58.00 | -60.00 | -37.00 |
| EPS in Rs | 0.34 | -0.06 | 0.94 | -0.21 | -0.49 | 1.41 | -1.33 | -0.46 | -4.02 | -4.31 | -4.43 | -2.70 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
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 | 398.00 | 398.00 | 318.00 | 318.00 | 318.00 | 318.00 | 293.00 | 208.00 | 65.00 | 65.00 | 65.00 | 65.00 |
| Reserves | 59.00 | 37.00 | -225.00 | -289.00 | -274.00 | -279.00 | -398.00 | -420.00 | -391.00 | -510.00 | -304.00 | -264.00 |
| Borrowings | 35.00 | 21.00 | 260.00 | 233.00 | 241.00 | 172.00 | 374.00 | 410.00 | 800.00 | 607.00 | 418.00 | 416.00 |
| Other Liabilities | 379.00 | 273.00 | 235.00 | 214.00 | 88.00 | 89.00 | 60.00 | 214.00 | 107.00 | 50.00 | 68.00 | 77.00 |
| Total Liabilities | 871.00 | 728.00 | 587.00 | 477.00 | 372.00 | 300.00 | 329.00 | 412.00 | 582.00 | 212.00 | 246.00 | 293.00 |
| Fixed Assets | 200.00 | 195.00 | 198.00 | 207.00 | 212.00 | 224.00 | 219.00 | 100.00 | 105.00 | 110.00 | 118.00 | 123.00 |
| CWIP | 51.00 | 2.00 | 5.00 | 1.00 | 6.00 | 5.00 | 12.00 | 85.00 | 7.00 | 0.00 | 0.00 | 1.00 |
| Investments | 144.00 | 24.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 67.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 476.00 | 506.00 | 384.00 | 268.00 | 154.00 | 71.00 | 99.00 | 227.00 | 402.00 | 101.00 | 129.00 | 169.00 |
| Total Assets | 871.00 | 728.00 | 587.00 | 477.00 | 372.00 | 300.00 | 329.00 | 412.00 | 582.00 | 212.00 | 246.00 | 293.00 |
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 | 128.00 | 58.00 | 7.00 | 50.00 | -84.00 | 43.00 | -27.00 | -2.00 | -5.00 | 18.00 | 25.00 | -15.00 |
| Cash from Investing Activity | -177.00 | -39.00 | -12.00 | -5.00 | -4.00 | -9.00 | -48.00 | -18.00 | -74.00 | 4.00 | -1.00 | -2.00 |
| Cash from Financing Activity | -12.00 | 53.00 | 5.00 | -50.00 | 93.00 | -34.00 | 74.00 | -222.00 | 320.00 | -24.00 | -25.00 | 14.00 |
| Net Cash Flow | -61.00 | 72.00 | 0.00 | -5.00 | 5.00 | 0.00 | 0.00 | -243.00 | 241.00 | -2.00 | -1.00 | -3.00 |
| Free Cash Flow | 67.00 | 42.00 | -5.00 | 45.00 | -88.00 | 31.00 | -83.00 | -82.00 | -17.00 | 18.00 | 24.00 | -17.00 |
| CFO/OP % | 274.00 | 189.00 | 14.00 | 291.00 | 450.00 | -210.00 | 38.00 | 6.00 | 48.00 | -117.00 | -196.00 | 166.00 |
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 | 59.00 | 62.00 | 25.00 | 36.00 | 34.00 | 40.00 | 13.00 | 59.00 | 122.00 | 58.00 | 89.00 | 73.00 |
| Inventory Days | 153.00 | 189.00 | 223.00 | 289.00 | 431.00 | 337.00 | 112.00 | 159.00 | 179.00 | 121.00 | 106.00 | 74.00 |
| Days Payable | 214.00 | 201.00 | 173.00 | 291.00 | 255.00 | 116.00 | 65.00 | 169.00 | 202.00 | 93.00 | 130.00 | 101.00 |
| Cash Conversion Cycle | -2.00 | 51.00 | 76.00 | 34.00 | 211.00 | 261.00 | 60.00 | 50.00 | 99.00 | 86.00 | 65.00 | 46.00 |
| Working Capital Days | 7.00 | 62.00 | -9.00 | 34.00 | 138.00 | 101.00 | -150.00 | -126.00 | -405.00 | -87.00 | -16.00 | -92.00 |
| ROCE % | 10.00 | 10.00 | 20.00 | 6.00 | -6.00 | -13.00 | -33.00 | -12.00 | -4.00 | -9.00 | -9.00 | -8.00 |
Corporate Actions
9 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Other | 28 Feb 2025 | 01 Mar 2025 | — | — | Right Issue of Equity Shares |
| Other | 22 Aug 2019 | 23 Aug 2019 | — | — | E.G.M. |
| Other | 23 Jan 2019 | 24 Jan 2019 | — | — | E.G.M. |
| Other | 07 May 2018 | 08 May 2018 | — | — | E.G.M. |
| Other | 19 Mar 2018 | 20 Mar 2018 | — | — | E.G.M. |
| Other | 16 Jan 2018 | 17 Jan 2018 | — | — | E.G.M. |
| Other | 16 Dec 2008 | — | — | — | Reduction of Capital |
| Other | 16 Dec 2008 | — | — | — | Consolidation of Shares |
| Other | 16 Feb 2004 | 25 Feb 2004 | — | — | Reduction of Capital |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update26 Nov 2025 from care
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Rating update11 Aug 2025 from care
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Rating update20 Sep 2024 from care
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Rating update21 Sep 2023 from care
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Rating update29 Mar 2023 from care
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Rating update24 Jan 2023 from care