Subscribe

Welspun Corp Limited (WELCORP.NS)

INR1,680.10 -3.30 (-0.20%)
IN NSE Basic Materials Steel
Address Welspun House 400013
Mumbai, IN
CEO Vipul Shiv Sahai Mathur
IPO 2000-06-23
ISIN INE191B01025

Explore sections of this company profile

Also trades on Bombay Stock Exchange · WELCORP.BO (INR) National Stock Exchange of India · WELCORP.NS (INR)
Description

Mumbai, India-based Welspun Corp Limited, incorporated in 1995, operates as a leading global producer and vendor of steel piping, protective coatings, plates, and coils. The company maintains a significant presence in the United States, Saudi Arabia, and its home country of India. Its extensive product portfolio encompasses a variety of steel pipes, including helically, longitudinally, and electric resistance welded types, as well as pig iron, ductile iron, and stainless steel pipes, tubes, and bars. Additionally, Welspun provides billets and thermo-mechanically treated rebars. Complementing its manufacturing capabilities, the firm offers specialized services such as double jointing, pipe bending, ID machining, and comprehensive dump site and inventory management. These diverse products and services are crucial for numerous sectors, supporting onshore and offshore oil, gas, and water transmission, downstream oil and gas distribution, anti-corrosion applications, infrastructure and housing construction, potable water systems, petrochemicals, nuclear power, fertilizers, energy, defense, railways, aerospace, and general forging and engineering industries. The company adopted its current name in April 2010, having previously traded as Welspun Gujarat Stahl Rohren Limited.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
Loading outlook…
Loading forecast...
Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
Loading risk profile…
Price Chart
Averages
Trend
Price
Levels
Draw
INR1,680.10 -3.30 (-0.20%)
Loading historical data…
Volume Profile
Loading…
Liquidity & share structure
Average Volume
982.4K
Beta
0.50
Float Shares
116.12M
Free Float %
44.0%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+1.65% -0.08% +9.24% +59.90% +51.42% +61.96% +69.88% +443.81% +806.22% +1,563.30% +9,130.23%
Rolling Volatility
Loading…
Drawdown
Loading…
Relative Strength
Loading…
Monthly Returns Heatmap
From To
Loading…
Annual Monthly Returns
Loading…
Daily Returns Distribution
vs.
Loading histogram data…

Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
1,680.10
Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 6 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
3.24
Safe zone
Piotroski F-Score
4 / 9
Average
MOAT Score
4 / 10
Developing
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
2 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Steel: +1.2%
    +25.9% Q1'26: +31.9% (vs Q1'25)
  • EPS growth Steel: +17.4%
    -15.5% Q1'26: -47.0% (vs Q1'25)
  • FCF margin FCF growth · Steel: +44.2%
    +13.7% Q1'26: -25.5% (vs Q1'25)
  • EBIT margin Steel: +5.8%
    +11.2% Q1'26: +9.5% (vs Q1'25)
  • ROIC Steel: +4.3%
    +17.8% Q1'26: +15.2% (vs Q1'25)
  • Share dilution Steel: +0.0%
    +0.0% Q1'26: +0.1% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Steel: 0.57×
    1.05× Q1'26: 1.17× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.77) × ERP
WACC = 94% × Ke + 6% × Kd (9.0%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 1,680.10
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2010
actual
Mar 2011
actual
Mar 2012
actual
Mar 2013
actual
Mar 2014
actual
Mar 2015
actual
Mar 2016
actual
Mar 2017
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
6 Rev. Ana.
6 EPS Ana.
Mar 2027
3 Rev. Ana.
4 EPS Ana.
Mar 2028
6 Rev. Ana.
6 EPS Ana.
Mar 2029
5 Rev. Ana.
4 EPS Ana.
Revenue
73.64B
est: 74.18B (-0.7%)
80.22B
est: 79.86B (+0.5%)
89.77B
est: 83.02B (+8.1%)
90.83B
est: 93.40B (-2.7%)
77.05B
est: 81.95B (-6.0%)
84.50B
est: 85.01B (-0.6%)
70.38B
est: 89.79B (-21.6%)
56.27B
est: 57.97B (-2.9%)
61.14B
est: 78.25B (-21.9%)
86.75B
est: 87.22B (-0.5%)
97.59B
est: 97.79B (-0.2%)
67.89B
est: 63.20B (+7.4%)
63.29B
est: 52.40B (+20.8%)
94.87B
est: 88.09B (+7.7%)
168.96B
est: 171.67B (-1.6%)
133.22B
est: 148.56B (-10.3%)
177.27B
167.04B – 194.44B
+19.3% YoY
213.10B
210.91B – 215.13B
+20.2% YoY
261.86B
214.40B – 286.39B
+22.9% YoY
290.15B
260.37B – 306.11B
+10.8% YoY
EBITDA
13.59B
est: 3.15B (+331.2%)
13.78B
est: 9.46B (+45.7%)
11.25B
est: 9.77B (+15.1%)
9.15B
est: 4.70B (+94.5%)
7.93B
est: 1.68B (+371.6%)
9.51B
est: 956.36M (+894.2%)
8.86B
est: 4.00B (+121.5%)
6.58B
est: 2.42B (+172.2%)
6.05B
est: 10.84B (-44.1%)
5.99B
est: 4.70B (+27.5%)
14.65B
est: 845.32M (+1,633.4%)
14.10B
est: 9.11B (+54.7%)
10.09B
est: 11.27B (-10.5%)
8.63B
est: 10.80B (-20.1%)
20.57B
est: 24.52B (-16.1%)
29.24B
est: 21.54B (+35.7%)
25.70B
24.22B – 28.19B
+19.3% YoY
30.90B
30.58B – 31.19B
+20.2% YoY
37.97B
31.09B – 41.52B
+22.9% YoY
42.07B
37.75B – 44.38B
+10.8% YoY
EBIT
11.57B
est: 6.98B (+65.7%)
11.34B
est: 12.89B (-12.0%)
7.73B
est: 11.75B (-34.2%)
4.39B
est: 7.10B (-38.3%)
3.87B
est: 2.30B (+68.2%)
5.14B
est: 6.48B (-20.6%)
5.00B
est: 4.39B (+13.9%)
2.72B
est: 3.48B (-21.9%)
3.47B
est: 8.53B (-59.3%)
3.40B
est: 4.03B (-15.7%)
12.32B
est: 6.07B (+103.0%)
11.63B
est: 6.58B (+76.7%)
7.55B
est: 8.15B (-7.4%)
5.60B
est: 7.80B (-28.3%)
17.09B
est: 19.30B (-11.5%)
25.73B
est: 17.37B (+48.1%)
20.73B
19.53B – 22.74B
+19.3% YoY
24.92B
24.66B – 25.16B
+20.2% YoY
30.62B
25.07B – 33.49B
+22.9% YoY
33.93B
30.45B – 35.79B
+10.8% YoY
Net Income
6.10B
est: 2.68B (+127.5%)
6.23B
est: 6.65B (-6.3%)
2.39B
est: 6.58B (-63.8%)
-703.23M
est: 2.68B (-126.2%)
733.90M
est: -616.79M (+219.0%)
690.41M
est: 761.36M (-9.3%)
1.52B
est: 723.56M (+109.8%)
264.25M
est: 987.58M (-73.2%)
1.58B
est: 1.84B (-14.0%)
-132.58M
est: 1.79B (-107.4%)
6.35B
est: -134.55M (+4,822.9%)
7.68B
est: 5.93B (+29.4%)
4.39B
est: 5.33B (-17.7%)
2.07B
est: 5.11B (-59.5%)
11.10B
est: 4.90B (+126.5%)
19.08B
est: 13.15B (+45.1%)
16.15B
14.61B – 17.73B
+22.8% YoY
19.87B
19.10B – 20.78B
+23.0% YoY
24.20B
21.71B – 27.12B
+21.8% YoY
23.98B
20.78B – 25.70B
-0.9% YoY
SGA
12.83B
est: 201.10M (+6,281.1%)
12.71B
est: 335.58M (+3,686.3%)
15.32B
est: 4.11B (+273.2%)
7.11B
est: 5.54B (+28.3%)
7.53B
est: 9.40B (-19.9%)
6.05B
est: 15.17B (-60.1%)
5.93B
est: 15.29B (-61.2%)
4.54B
est: 10.21B (-55.6%)
4.40B
est: 4.96B (-11.1%)
6.05B
est: 12.52B (-51.7%)
6.53B
est: 15.26B (-57.2%)
4.67B
est: 4.00B (+16.7%)
3.91B
est: 15.61B (-75.0%)
5.62B
est: 14.95B (-62.4%)
9.93B
est: 12.89B (-23.0%)
10.73B
est: 13.10B (-18.1%)
15.63B
14.73B – 17.15B
+19.3% YoY
18.79B
18.60B – 18.97B
+20.2% YoY
23.09B
18.91B – 25.26B
+22.9% YoY
25.59B
22.96B – 27.00B
+10.8% YoY
EPS
31.69
est: 26.06 (+21.6%)
30.95
est: 31.25 (-1.0%)
10.89
est: 17.52 (-37.9%)
-3.03
est: 9.76 (-131.1%)
2.79
est: 2.86 (-2.3%)
2.63
est: 5.55 (-52.6%)
5.76
est: 11.00 (-47.6%)
1.00
est: -0.80 (+225.0%)
5.97
est: 7.20 (-17.1%)
-0.50
est: 20.00 (-102.5%)
24.12
est: 29.67 (-18.7%)
29.42
est: 23.20 (+26.8%)
16.82
est: 21.30 (-21.0%)
7.91
est: 8.20 (-3.6%)
42.45
est: 39.35 (+7.9%)
72.77
est: 49.88 (+45.9%)
61.27
55.42 – 67.26
+22.8% YoY
75.38
72.48 – 78.85
+23.0% YoY
91.80
82.36 – 102.90
+21.8% YoY
91.00
78.86 – 97.51
-0.9% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-26 B+ 3/5 1/5 5/5 5/5 2/5 3/5 2/5
2026-05-25 B+ 3/5 1/5 5/5 5/5 2/5 3/5 2/5
2026-05-22 B+ 3/5 1/5 5/5 5/5 2/5 3/5 2/5
2026-05-21 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-05-20 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-05-19 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-05-18 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-05-15 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-05-14 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-05-13 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-05-12 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-05-11 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-05-08 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-05-07 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-05-06 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-05-05 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-05-04 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-04-30 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-04-29 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-04-28 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-04-27 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-04-24 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-04-23 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-04-22 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-04-21 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-04-20 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-04-17 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-04-16 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
5.41B
OE per share TTM
20.67
Owner's Yield
1.56%
Maintenance CapEx ratio
54.99%
Maint CapEx / Avg PPE
32.7%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 13 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Vanguard FTSE All-World ex-US Small-Cap ETF VSS 0.05% 6.62M 0.06%
2 Vanguard FTSE Emerging Markets Shares ETF VGE.AX 0.02% 221.9K 0.48%
3 Vanguard FTSE Emerging Markets All Cap Index ETF VEE.TO 0.02% 500.5K 0.26%
4 Vanguard FTSE Emerging Markets ETF VWO 0.02% 24.70M 0.06%
5 Vanguard Total International Stock ETF VXUS 0.00% 27.04M 0.05%
6 Vanguard FTSE Global All Cap ex Canada Index ETF VXC.TO 0.00% 39.7K 0.22%
7 Vanguard Total World Stock ETF VT 0.00% 1.41M 0.06%
8 Vanguard All-Equity ETF Portfolio VEQT.TO 0.00% 119.6K 0.22%
9 Vanguard Growth ETF Portfolio VGRO.TO 0.00% 64.3K 0.22%
10 Vanguard Balanced ETF Portfolio VBAL.TO 0.00% 28.3K 0.22%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
3.61M
Shares Outstanding
263.70M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Vipul Shiv Sahai Mathur MD, Chief Executive Officer & Executive Director 79M male
Percy Kershasp Birdy Chief Financial Officer & President 22M male
Kamal Rathi Company Secretary, Compliance Officer & Nodal Officer 3M male
Harishchandra Gupta President male
Atul Trivedi President male
Manish Pathak President male
Rupak Ranjan Ghosh Senior Vice President of Finance & MIS & President male
Lal T. Hotwani Head- Corporate Accounts & Taxation male
Chintan Thaker Head of Corporate Affairs & Strategic Planning Cell and President male
Debasish Mazumdar President male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

Share your view on this stock and instantly see how the community has voted over the last 6 months.

These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits