Welspun Corp Limited

BSE: WELCORP532144ISIN INE191B01025

Industrials
Iron & Steel Products
BSE 500

BSE listing

Share price

₹2,657.70+197.20 (+8.01%)

as of 18 Sep 2026

52W high: ₹2,785.95
52W low: ₹709.75
Off 52W high: -4.60%
1M return: +34.59%
3M return: +87.04%
6M return: +230.58%
1Y return: +196.87%
20D avg volume: 2,14,133
50 DMA: ₹2,044.18
200 DMA: ₹1,273.77

Key ratios Consolidated

Market cap: ₹70,108 Cr
Current price: ₹2,657.70
52W high / low: ₹2,785.95 / ₹709.75
Face value: ₹5.00
P/E: 30.23
P/B: —
EPS (TTM): ₹87.92
Book value / share: —
ROE: —
ROCE: 16.70%
Operating margin: —
Net margin: —
Debt / equity: 0.23
Net debt: ₹649.95 Cr
Interest cover: 9.50
Dividend yield: 0.19%
Dividend / share (TTM): ₹5.00
Payout: 5.69%
Cash conversion cycle: 66.4 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	4,081	4,313	4,532	4,374	3,551	3,925	3,614	3,302	3,137	4,461	4,750	4,059
	63.79	35.61	29.56	35.05	35.03	41.89	43.06	62.40	42.44	82.53	8.46	101.96
	3,559	3,951	4,060	3,916	3,174	3,639	3,351	3,075	2,914	4,292	4,439	3,821
	2,332	2,491	2,762	2,767	2,761	2,895	2,149	2,284	2,247	2,602	3,226	2,729
	2.59	42.12	15.57	11.91	12.41	4.17	12.14	—	15.69	38.61	1.52	14.43
	313.63	322.83	329.20	309.38	285.05	268.31	254.20	260.67	219.84	234.73	249.11	240.01
	45.18	48.95	50.66	49.38	63.18	87.54	82.26	83.46	66.39	74.58	62.50	74.98
	124.58	93.03	92.54	84.20	84.78	86.99	90.04	89.21	84.83	86.77	89.55	85.68
	744.21	808.44	739.48	771.19	710.70	698.43	604.22	584.39	549.01	635.74	727.23	707.81
	586.37	397.43	502.09	492.57	412.08	327.54	305.21	289.33	265.17	251.33	319.38	340.82
	0.00	0.00	0.00	0.00	0.00	476.50	0.12	-10.94	0.00	0.00	0.00	0.00
	586.37	397.43	502.09	492.57	412.08	804.04	305.33	278.39	265.17	251.33	319.38	340.82
	159.25	132.55	136.60	144.98	111.89	156.04	77.20	69.06	57.30	59.83	78.98	78.96
	1,048	371.46	456.36	443.51	349.16	699.19	672.19	282.96	247.94	287.28	293.70	386.57
	39.68	14.04	17.17	16.70	13.32	26.63	25.73	10.97	9.49	10.26	11.16	14.71
Key metrics
	756.13	539.41	645.29	626.15	560.04	978.57	477.63	451.06	416.39	412.68	471.43	501.48
	18.50%	12.50%	14.20%	14.30%	15.80%	24.90%	13.20%	13.70%	13.30%	9.30%	9.90%	12.40%
	25.70%	8.60%	10.10%	10.10%	9.80%	17.80%	18.60%	8.60%	7.90%	6.40%	6.20%	9.50%
	—	3.70%	—	5.70%	—	10.00%	—	—	—	—	—	—
	14.90%	9.90%	25.40%	32.50%	13.20%	-12.00%	-23.90%	-18.70%	—	—	—	—
	200.10%	-46.90%	-32.10%	56.70%	40.80%	143.40%	128.90%	-26.80%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17
Income statement
	17,300	16,770	13,978	17,340	9,758	6,505	6,440	9,957	8,953	7,587	6,035
	164.01	135.25	189.79	242.46	319.98	551.22	235.39	115.89	134.65	131.21	224.60
	15,485	15,101	12,980	16,430	9,820	6,390	5,947	9,174	8,817	7,468	6,145
	10,352	10,781	9,576	10,652	8,865	4,167	3,181	7,358	6,287	5,237	3,628
	72.19	82.01	32.00	81.75	27.78	137.60	557.47	—	—	27.09	585.05
	1,275	1,246	1,003	937.64	541.05	383.48	417.69	636.50	571.96	429.65	430.55
	194.17	212.17	319.65	304.38	243.16	101.89	67.63	144.02	177.37	185.33	235.71
	394.35	354.55	351.07	347.87	302.97	254.75	214.57	233.29	259.73	—	386.08
	3,063	3,030	2,436	2,741	1,478	891.89	930.84	1,626	1,532	1,142	915.54
	1,978	1,804	1,187	1,152	258.42	666.28	727.68	898.54	270.63	250.10	115.22
	0.00	0.00	465.68	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	1,978	1,804	1,653	1,152	258.42	666.28	727.68	898.54	270.63	250.10	115.22
	573.38	526.02	359.60	277.48	134.46	216.39	220.92	412.45	122.25	11.18	25.80
	2,319	1,620	1,902	1,136	199.17	444.17	630.65	654.06	-21.64	153.01	89.42
	87.59	61.23	72.80	42.45	7.91	16.82	24.14	25.56	2.57	—	1.00
Key metrics
	2,567	2,371	2,324	1,804	804.55	1,023	1,010	1,276	707.73	435.43	737.01
	14.84%	14.10%	16.60%	10.40%	8.20%	15.70%	15.70%	12.80%	7.90%	5.70%	12.20%
	13.41%	9.70%	13.60%	6.60%	2.00%	6.80%	9.80%	6.60%	-0.20%	2.00%	1.50%
	—	16.70%	22.10%	—	—	—	—	—	—	—	—
	—	20.00%	-19.40%	77.70%	50.00%	1.00%	-35.30%	11.20%	18.00%	25.70%	—
	—	-14.80%	67.50%	470.40%	-55.20%	-29.60%	-3.60%	3,122.50%	-114.10%	71.10%	—
	—	672.07	650.95	—	—	—	—	—	—	—	—
	—	1.98	0.79	—	—	—	—	—	—	—	—
	—	0.23	0.12	—	—	—	—	—	—	—	—
	—	649.95	-223.41	—	—	—	—	—	—	—	—
	—	66.4	72.0	—	—	—	—	—	—	—	—
Balance sheet
	—	20,434	15,237	—	—	—	—	—	—	—	—
	—	11,102	8,431	—	—	—	—	—	—	—	—
	—	1,513	1,147	—	—	—	—	—	—	—	—
	—	1,719	1,769	—	—	—	—	—	—	—	—
	—	4,656	4,212	—	—	—	—	—	—	—	—
	—	861.42	618.33	—	—	—	—	—	—	—	—
	—	6,084	4,252	—	—	—	—	—	—	—	—
	—	3,323	3,224	—	—	—	—	—	—	—	—
	—	8,350	6,322	—	—	—	—	—	—	—	—
	—	2,163	923.71	—	—	—	—	—	—	—	—
	—	564.81	460.54	—	—	—	—	—	—	—	—
	—	1,598	463.17	—	—	—	—	—	—	—	—
	—	9,406	7,729	—	—	—	—	—	—	—	—
Cash flow
	—	3,204	1,504	—	—	—	—	—	—	—	—
	—	-3,723	180.22	—	—	—	—	—	—	—	—
	—	875.09	-1,369	—	—	—	—	—	—	—	—
	—	2,532	852.72	—	—	—	—	—	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	1,567	2,270	2,378	1,822	1,828	2,281	2,449	2,033	2,073	2,877	2,323	1,778
	38.48	18.31	12.67	158.54	106.83	30.83	32.47	50.53	32.96	178.87	9.30	241.53
	1,449	1,996	2,178	1,699	1,661	2,128	2,272	1,938	1,953	2,829	2,300	1,800
	1,129	1,543	1,605	1,447	1,508	1,879	1,567	1,727	1,671	2,166	2,005	1,327
	0.00	15.52	9.51	8.05	7.35	0.00	—	—	0.12	10.64	—	8.35
	71.99	78.00	100.40	84.17	76.31	76.32	79.59	82.20	68.99	64.01	69.18	64.48
	14.63	22.55	27.55	27.43	30.11	49.23	47.66	52.43	43.07	43.59	43.09	51.55
	40.63	37.30	36.94	37.47	39.19	41.64	42.91	44.26	43.76	43.47	43.45	39.84
	268.86	317.45	287.50	272.91	289.83	289.24	303.59	262.06	256.08	293.55	292.01	273.97
	156.44	292.54	213.14	281.82	273.94	183.51	209.68	145.30	152.82	227.02	31.89	220.11
	0.00	4.89	0.00	163.49	51.72	382.72	—	—	—	—	—	—
	156.44	297.43	213.14	445.31	325.66	566.23	209.68	145.30	152.82	227.02	31.89	220.11
	40.60	65.52	52.11	79.56	70.83	102.25	53.77	37.04	39.28	38.30	10.00	41.66
	115.84	231.91	161.03	365.75	254.83	463.98	155.91	108.26	113.54	188.72	21.89	178.45
	4.39	8.79	6.11	13.89	9.68	17.69	5.94	4.14	4.34	7.21	0.84	6.82
Key metrics
	211.70	357.28	277.63	510.21	394.96	657.10	300.25	241.99	239.65	314.08	118.43	311.50
	13.50%	15.70%	11.70%	28.00%	21.60%	28.80%	12.30%	11.90%	11.60%	10.90%	5.10%	17.50%
	7.40%	10.20%	6.80%	20.10%	13.90%	20.30%	6.40%	5.30%	5.50%	6.60%	0.90%	10.00%
	—	5.70%	—	9.20%	—	13.30%	—	—	—	—	—	—
	-14.30%	-0.50%	-2.90%	-10.40%	-11.80%	-20.70%	5.40%	14.30%	—	—	—	—
	-54.50%	-50.00%	3.30%	237.80%	124.40%	145.90%	612.20%	-39.30%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17
Income statement
	8,038	8,299	8,835	9,082	6,917	5,288	4,642	4,253	4,136	5,260	4,483
	228.00	296.35	146.79	476.51	289.73	482.62	858.35	401.84	125.57	130.23	213.07
	7,322	7,534	8,291	8,963	6,500	5,176	4,214	4,203	4,436	5,194	4,432
	5,725	6,104	6,844	6,574	5,488	3,932	2,400	3,758	3,003	4,073	2,845
	33.08	40.43	0.12	38.16	202.88	146.67	15.22	—	—	7.66	—
	334.56	338.88	307.10	254.47	190.20	209.02	175.39	199.19	189.58	179.94	184.52
	92.16	107.64	192.39	205.39	149.28	76.88	49.62	111.37	117.97	145.76	207.30
	152.34	150.90	172.57	164.75	108.98	115.28	97.34	123.40	112.95	237.53	—
	1,147	1,168	1,111	1,105	734.70	675.32	753.95	877.39	807.70	628.53	505.29
	943.94	1,061	691.31	595.50	706.84	594.86	1,287	452.14	-173.66	195.85	263.78
	168.38	220.10	382.72	—	—	—	—	—	—	—	—
	1,112	1,282	1,074	595.50	706.84	594.86	1,287	452.14	-173.66	195.85	263.78
	237.79	268.02	232.34	119.15	178.20	109.14	277.63	145.94	22.05	70.03	89.19
	874.53	1,014	841.69	476.35	528.64	485.72	1,002	268.14	-277.20	125.82	174.59
	33.18	38.47	32.11	18.21	20.23	18.61	38.68	11.62	-7.38	—	6.58
Key metrics
	1,357	1,540	1,439	965.64	965.10	787.02	1,434	686.91	57.26	579.14	471.08
	16.88%	18.60%	16.30%	10.60%	14.00%	14.90%	30.90%	16.10%	1.40%	11.00%	10.50%
	10.88%	12.20%	9.50%	5.20%	7.60%	9.20%	21.60%	6.30%	-6.70%	2.40%	3.90%
	—	24.90%	27.40%	—	—	—	—	—	—	—	—
	—	-6.10%	-2.70%	31.30%	30.80%	13.90%	9.10%	2.80%	-21.40%	17.30%	—
	—	20.40%	76.70%	-9.90%	8.80%	-51.50%	273.70%	196.70%	-320.30%	-27.90%	—
	—	423.58	890.46	—	—	—	—	—	—	—	—
	—	0.80	1.19	—	—	—	—	—	—	—	—
	—	0.08	0.09	—	—	—	—	—	—	—	—
	—	307.02	133.53	—	—	—	—	—	—	—	—
	—	70.7	55.4	—	—	—	—	—	—	—	—
Balance sheet
	—	9,067	8,140	—	—	—	—	—	—	—	—
	—	4,297	4,299	—	—	—	—	—	—	—	—
	—	110.38	273.96	—	—	—	—	—	—	—	—
	—	1,422	1,311	—	—	—	—	—	—	—	—
	—	1,702	1,836	—	—	—	—	—	—	—	—
	—	327.79	329.68	—	—	—	—	—	—	—	—
	—	2,237	2,077	—	—	—	—	—	—	—	—
	—	1,516	1,808	—	—	—	—	—	—	—	—
	—	3,491	3,523	—	—	—	—	—	—	—	—
	—	417.40	407.49	—	—	—	—	—	—	—	—
	—	377.40	367.49	—	—	—	—	—	—	—	—
	—	40.00	40.00	—	—	—	—	—	—	—	—
	—	5,154	4,299	—	—	—	—	—	—	—	—
Cash flow
	—	805.93	1,001	—	—	—	—	—	—	—	—
	—	-733.09	122.43	—	—	—	—	—	—	—	—
	—	-236.42	-1,155	—	—	—	—	—	—	—	—
	—	382.35	110.25	—	—	—	—	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +6.26%
Sales CAGR 5Y: +12.32%
Sales CAGR 10Y: —
Profit CAGR 3Y: +24.23%
Profit CAGR 5Y: +0.23%
Profit CAGR 10Y: —
Sales YoY (TTM): -6.43%
Profit YoY (TTM): -11.03%

Consolidated

Sales CAGR 3Y: +19.78%
Sales CAGR 5Y: +21.10%
Sales CAGR 10Y: —
Profit CAGR 3Y: +101.13%
Profit CAGR 5Y: +20.77%
Profit CAGR 10Y: —
Sales YoY (TTM): +20.21%
Profit YoY (TTM): +15.76%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Jun 2026

Promoter holding: 49.73%

Holder	Type	Holding	Previous	Change
Balkrishan Goenka, trustee of Welspun Group Master Trust	Promoter	44.55%	—	—
Authum Investment And Infrastructure Limited	Public	5.31%	—	—
Life Insurance Corporation Of India	Public	4.71%	—	—
Aryabhat Vyapar Private Limited	Promoter Group	2.62%	—	—
Welspun Investments And Commercials Limited	Promoter Group	2.56%	—	—
Quant Mutual Fund - Quant Small Cap Fund	Public	1.95%	—	—
Fidelity Securities Fund: Fidelity Blue Chip Growth Fund	Public	1.90%	—	—
Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C Axis Small Cap Fund	Public	1.70%	—	—
Aditya Birla Sun Life Trustee Private Limited A/C Aditya Birla Sun Life Flexi Cap Fund	Public	1.69%	—	—
Smallcap World Fund, Inc	Public	1.48%	—	—
Dsp Small Cap Fund	Public	1.14%	—	—
Koolkanya Private Limited	Promoter Group	0.00%	—	—
Welspun One Investment Management Private Limited	Promoter Group	0.00%	—	—
Trueguard Realcon Private Limited	Promoter Group	0.00%	—	—
Alphaclarte Trading Private Limited	Promoter Group	0.00%	—	—

Public shareholders are disclosed individually only above 1%.

Filings & corporate actions

Recent announcements

Large Order win announced by the Company associate Company viz East Pipes Integrated Company for Industry, KSA20 Sep 2026 · Company Update / Award of Order / Receipt of Order
Intimation of Incorporation of a new step-down wholly owned subsidiary in Jordan18 Sep 2026 · Company Update / Acquisition
Intimation of Incorporation of new step-down wholly owned subsidiary11 Sep 2026 · Company Update / Acquisition
Perma-Pipe and Welspun Corp Announce Memorandum of Understanding to Establish Pipe Manufacturing and Coating Facilities in Jordan.1 Sep 2026 · Company Update / General
Update on Sale of 26% equity stake in Clean Max Dhyuthi Private Limited31 Aug 2026 · Company Update / General
Update on incorporation of an Associate Company31 Aug 2026 · Company Update / Acquisition
Newspaper Publication regarding Special Window for Re-lodgement of Transfer of Physical Shares27 Aug 2026 · Company Update / Newspaper Publication
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Welspun Investments and Commercials Ltd27 Aug 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Welspun Investments & Commercials Ltd27 Aug 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Investor Meeting / Call21 Aug 2026 · Company Update / Analyst / Investor Meet
Welspun Corp secures Largest-Ever Single Order in Company History - Valued at approx USD 1.8 billion (approx. Rs. 17,200 Crore) - for supply of Pipes from its USA Manufacturing Facility20 Aug 2026 · Company Update / Award of Order / Receipt of Order
Intimation regarding Investor Meetings7 Aug 2026 · Company Update / Analyst / Investor Meet
Care Ratings Reaffirms its rating on the Company''s Long Term Facilities and Non-Convertible Debentures to ''CARE AA+; Stable''5 Aug 2026 · Company Update / Credit Rating
Update on Acquisition of additional 51% equity stake in Welspun Captive Power Generation Limited.31 Jul 2026 · Company Update / Acquisition
Q1 FY27 Earnings Call Transcript has been made available on the website of the Company.30 Jul 2026 · Company Update / Earnings Call Transcript
Q1 FY 2026-27 Conference Call Recording27 Jul 2026 · Company Update / Analyst / Investor Meet
Receipt of Order27 Jul 2026 · Company Update / Award of Order / Receipt of Order
Newspaper Publication25 Jul 2026 · Company Update / Newspaper Publication
Press Release24 Jul 2026 · Company Update / Press Release / Media Release
Investors Presentation24 Jul 2026 · Company Update / Investor Presentation
Investment of 26% equity stake in New entity to be incorporated and Acquisition of additional 51% equity stake in Welspun Captive Power Generation Limited from Promotor Group Company.24 Jul 2026 · Company Update / Acquisition
Unaudited Financial Results (Standalone & Consolidated) for the quarter ended June 30, 202624 Jul 2026 · Result / Financial Results
Outcome of the Board Meeting24 Jul 2026 · Board Meeting / Outcome of Board Meeting
Voting Results and Scrutinizers Report for the 31st AGM of the Company17 Jul 2026 · AGM/EGM / AGM
Q1FY27 Earnings Conference Call Invite17 Jul 2026 · Company Update / Analyst / Investor Meet
Proceedings of the 31st Annual General Meeting ("AGM") of the Company held on Friday, 17th July, 202617 Jul 2026 · AGM/EGM / AGM
Welspun Corp Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 24/07/2026 ,inter alia, to consider and approve the standalone as well as the ....16 Jul 2026 · Board Meeting / Board Meeting
Receipt of Order14 Jul 2026 · Company Update / Award of Order / Receipt of Order
Compliance under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the period from 1st April, 2026 to 30th June, 2026.8 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Newspaper Advertisement regarding Special Window for Re-lodgement of Transfer of Physical Shares30 Jun 2026 · Company Update / Newspaper Publication
Intimation of Closure of Trading Window25 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Newspaper Advertisement regarding the 31st Annual General Meeting of the Company24 Jun 2026 · Company Update / Newspaper Publication
Physical Letter to Shareholders23 Jun 2026 · Company Update / General
Business Responsibility and Sustainability Report (BRSR)22 Jun 2026 · Company Update / General
Notice of the 31st Annual General Meeting of the Company22 Jun 2026 · AGM/EGM / AGM
Annual Report of the Company for the financial year ended 31st March, 202622 Jun 2026 · Others / Reg. 34 (1) Annual Report
Newspaper Advertisement regarding the 31st Annual General Meeting of the Company, Record Date for Dividend, Information on E-voting and other related information20 Jun 2026 · Company Update / Newspaper Publication
Intimation regarding record date for the payment of Dividend for the year ended 31st March, 202619 Jun 2026 · Corp. Action / Record Date
Intimation of 31st Annual General Meeting and Record Date of the Company19 Jun 2026 · AGM/EGM / AGM
Intimation regarding Investors Meet17 Jun 2026 · Company Update / Analyst / Investor Meet

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 5.0000	30 Jun 2026	30 Jun 2026	—
Final Dividend - Rs. - 5.0000	18 Jul 2025	18 Jul 2025	—
Final Dividend - Rs. - 5.0000	28 Jun 2024	28 Jun 2024	—

Board meetings

24 Jul 2026 Board Meeting - Financial Results