WELCORP · NSE
Welspun Corp Limited
₹2,660.1
+8.12% (+₹199.8)
Prev. close
₹2,460.3
Volume
46,29,365
Delivery %
48.8%
As of
18 Sept 2026
Price history
Jefferies Analysis · Jefferies · 03 Sept 2026
“Jefferies initiated coverage on Welspun Corp with a 'Buy' rating and a price target of ₹3,250, implying an upside of approximately 29% from Wednesday's close of ₹2,524. The bullish outlook is based on the company's strong positioning to benefit from a multi-year upcycle in oil and gas infrastructure spending in the US and West Asia.”
Published mid-session at 10:02 IST. Tracking counts only prices printed after publication — the chart's dashed divider marks that moment; earlier prices never count toward entry or results.
Analyst sentiment
Analysts lean bullish
1 analyst stance · last 90 days · one per analyst
Trackable
none in window
Long-Horizon
none in window
Commentary
1 · 1 bull / 0 neutral / 0 bear
Trackable = verdict-bearing calls · Long-Horizon = 1yr+ horizon, verdict pending · Commentary = context, not graded
Analyst opinions
| Call | Analyst | Instrument | Verdict | Actions | |||
|---|---|---|---|---|---|---|---|
| “Jefferies initiated coverage on Welspun Corp with a 'Buy' rating and a price target of ₹3,250, implying an upside of app…” | Jefferies AnalysisJefferies | Welspun Corp Ltd | PENDING | ||||
“Jefferies initiated coverage on Welspun Corp with a 'Buy' rating and a price target of ₹3,250, implying an upside of approximately 29% from Wednesday's close of ₹2,524. The bullish outlook is based on the company's strong positioning to benefit from a multi-year upcycle in oil and gas infrastructure spending in the US and West Asia.” This call hasn't reached its evaluation window yet — the verdict will appear here once it's graded. | |||||||
Market commentary · 1 · levels, conditionals, previews, macro & hedged views — context, not graded
| Call | Analyst | Instrument | Verdict | Actions |
|---|---|---|---|---|
| “Bullish on Welspun Corp, with a price target of ₹3,250, indicating a 22.8% upside. The company is well-positioned to ben…” | Jefferies AnalysisJefferies | Welspun Corp Ltd | PENDING |
Fundamentals
About Welspun Corp Limited
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.
Details
Sector
Basic Materials
Industry
Steel
CEO
Mr. Vipul Shiv Sahai Mathur
Headquarters
Mumbai
Employees
9,300
Website
welspuncorp.comExchange
View on NSE ↗Key stats
Market cap
₹70,147.89 Cr
P/E ratio (TTM)
29.9
Dividend yield
0.20%
EPS (TTM)
₹88.82
Beta (1Y · daily vs NIFTY 50)
1.05
Beta (5Y · monthly vs NIFTY 50)
1.00
Shares float
13.46 Cr
EPS · quarter ended Jun 2026
₹39.65
Financial Performance
01 · Financials
FY21 growth needs FY20 filings, which the data source doesn't provide. Net income is omitted from this chart: coverage begins inside the plotted window, and every plotted period must carry a complete point set — the P&L table below has the available figures.
02 · Earnings Per Share (EPS)
03 · Dividend Profile
Growth compares completed fiscal-year dividend totals on the company's own calendar: April–March (Indian FY), taken from its reported period-ends. Payout ledger: Yahoo (no NSE corporate-actions ledger for this listing).
04 · Operating Efficiency (Growth Rates)
Balance-sheet-based · pre-FY23 not filed in verifiable form
05 · Capital Structure & Asset Utilization
Pre-FY23 not filed in verifiable form
Asset turnover needs a prior year of assets — omitted for the earliest available year.
06 · Asset Base Composition
Pre-FY23 not filed in verifiable form
07 · Debt Level & Coverage
Pre-FY23 not filed in verifiable form
08 · Profit & Loss
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹6,439.70 Cr | ₹6,505.11 Cr | ₹9,758.10 Cr | ₹17,339.60 Cr | ₹13,977.54 Cr | ₹16,770.14 Cr | |
| EBITDA | ₹1,009.88 Cr | ₹1,022.92 Cr | ₹862.53 Cr | ₹2,057.00 Cr | ₹2,923.94 Cr | ₹2,706.20 Cr |
| ₹618.83 Cr | — | ₹206.69 Cr | ₹1,110.40 Cr | ₹1,908.14 Cr | ₹1,613.05 Cr | |
| Diluted EPS | ₹23.66 | ₹16.77 | ₹7.89 | ₹42.32 | ₹72.44 | ₹61.2 |
Net income has filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
09 · Balance Sheet
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| — | — | ₹15,339.36 Cr | ₹11,850.23 Cr | ₹15,236.92 Cr | ₹20,434.00 Cr | |
| — | — | ₹3,345.09 Cr | ₹1,929.90 Cr | ₹1,082.64 Cr | ₹2,357.27 Cr | |
| Stockholders' equity | — | — | ₹4,732.05 Cr | ₹5,616.29 Cr | ₹7,462.72 Cr | ₹9,155.56 Cr |
Total assets, Current assets, Inventory, Trade receivables, Cash & equivalents, Non-current assets, Fixed assets, CWIP, Others, Total debt, Long-term debt, Current (short-term) debt, Stockholders' equity have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.
10 · Cash Flow Statement
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹712.65 Cr | ₹218.48 Cr | ₹-185.13 Cr | ₹1,305.99 Cr | ₹1,503.67 Cr | ₹3,204.28 Cr | |
| Investing cash flow | ₹-807.67 Cr | ₹-209.09 Cr | ₹-416.66 Cr | ₹367.40 Cr | ₹180.22 Cr | ₹-3,722.80 Cr |
| ₹-174.04 Cr | ₹452.73 Cr | ₹908.76 Cr | ₹-1,876.79 Cr | ₹-1,369.08 Cr | ₹875.09 Cr | |
| Capital expenditure | ₹-298.26 Cr | ₹-979.13 Cr | ₹-1,194.18 Cr | ₹-298.96 Cr | ₹-852.72 Cr | ₹-2,532.21 Cr |
| End cash position | ₹169.35 Cr | — | ₹1,016.34 Cr | ₹818.73 Cr | ₹1,147.12 Cr | ₹1,512.59 Cr |
Debt issued, Debt repaid, End cash position have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source has no quarterly cash-flow-statement coverage.
11 · Shareholding Pattern
NSE, quarterly
| Line item | Dec 21–Jun 22(3Q) | Sep 22–Dec 22(2Q) | Mar 23–Jun 23(2Q) | Sep 23–Dec 23(2Q) | Mar 24 | Jun 24 | Sep 24–Mar 25(3Q) | Jun 25 | Sep 25 | Dec 25–Jun 26(3Q) |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 50.01% | 49.90% | 49.99% | 49.96% | 50.14% | 50.03% | 50.01% | 49.84% | 49.77% | 49.73% |
| Public | 49.99% | 50.10% | 50.01% | 50.00% | 49.83% | 49.94% | 49.96% | 50.13% | 50.20% | 50.24% |
| Employee trusts | 0.00% | 0.00% | 0.00% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% |
Source: NSE quarterly shareholding-pattern filings, collapsed to periods where the reported percentages held steady — a column spanning several quarters means no change was filed across them. No FII/DII sub-split available from this source — Public includes all non-promoter, non-employee-trust holders.
12 · Peer Comparison
Basic Materials
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| UltraTech Cement Limited | ₹3.17 L Cr | ₹11,014 | 36.9 | 4.13 | 10.7% | 0.31 | +16.6% | -12.8% |
| JSW Steel Limited | ₹3.06 L Cr | ₹1,275.6 | 12.4 | 3.06 | 22.3% | 1.19 | +9.3% | +13.8% |
| Hindustan Zinc Limited | ₹2.42 L Cr | ₹596 | 14.2 | 10.69 | 61.1% | 0.39 | +18.6% | +31.0% |
| Asian Paints Limited | ₹2.35 L Cr | ₹2,451.3 | 49.3 | 11.01 | 20.2% | 0.18 | +5.1% | -1.1% |
| Tata Steel Limited | ₹2.28 L Cr | ₹187.29 | 20.7 | 2.23 | 10.6% | 0.90 | +6.2% | +9.3% |
| Hindalco Industries Limited | ₹2.18 L Cr | ₹986.5 | 13.3 | 1.59 | 9.8% | 0.73 | +15.0% | +31.5% |
| Grasim Industries Limited | ₹2.15 L Cr | ₹3,209.2 | 37.9 | 2.08 | 4.8% | 2.20 | +18.2% | +11.5% |
| Solar Industries India Limited | ₹1.71 L Cr | ₹18,815 | 86.1 | 27.25 | 26.7% | 0.29 | +30.6% | +27.0% |
| Vedanta Aluminium Metal Limited | ₹1.60 L Cr | ₹416.5 | 42.1 | — | — | — | — | — |
| Pidilite Industries Limited | ₹1.58 L Cr | ₹1,572.1 | 59.8 | 14.58 | 22.6% | 0.04 | +11.1% | -48.5% |
| JINDAL STEEL LIMITED | ₹1.11 L Cr | ₹1,103 | 41.1 | 2.19 | 6.6% | 0.44 | +5.5% | +4.7% |
| Welspun Corp Limited | ₹70,147.89 Cr | ₹2,660.1 | 29.9 | 7.66 | 17.6% | 0.26 | +21.7% | +197.1% |
Ranked by market cap within Basic Materials, same metrics as the Fundamentals screener. Click a column to sort.
Documents
Annual reports
Show all 28
Concall transcripts
Official documents linked from their sources — offer documents as filed with SEBI (sebi.gov.in), annual reports and earnings-call transcripts as published on BSE (bseindia.com) and NSE (nseindia.com). Links open the source's own hosting; nothing is re-hosted here.
Index membership
30 indices
NSE weights are a free-float market-cap-share estimate, not NSE’s own published (and sometimes capped) index weight. BSE weights are BSE’s own published index weight, not an estimate. Indices without weight data are listed without one, in alphabetical order after the weighted ones.
Metal sector stocks gain today, September 17: Welspun Corp jumps 2.81%, Maithan Alloys up 2.39%, MOIL rises 1.82%
Welspun Corp shares rose 2.81% to ₹2,490.50, leading gains among metal sector stocks on September 17. Maithan Alloys and Jindal Steel and Power also saw increases, while Coal India and JSW Steel experienced slight declines. The broader metal sector traded mostly higher.