Welspun Corp logo

Welspun Corp share price

NSE: WELCORPBSE: 532144Industrial ProductsSmall Cap

Welspun Corp Limited · Formerly Welspun Gujarat Stahl Rohren · Face value ₹5 · Listed Apr 1997 on BSE, May 2005 on NSE
Last close ₹2,474.10up ₹131.50 (5.61%)BSE ₹2,480.05

Share price at the NSE close on 27 Oct 2026. Previous close ₹2,342.60.

27 Oct: open ₹2,355.50, high ₹2,510.00, low ₹2,355.00

52-week range of traded prices to 27 Oct 2026
₹710.00Low, 2 Feb 2026₹2,900.00High, 29 Sep 2026
Market cap
₹65,264 Cr289th largest listed
P/E
28.26
P/B
7.13
Dividend yield
0.20%
ROE
27.8%
ROCE
17.4%
Debt to equity
0.23
Volume, NSE
11,83,50443.0% delivered

Welspun Corp share price chart

Daily closes since Jan 2007, adjusted for splits and bonuses

+183.4%over a year · Nifty 500 −8.8%

Results20-session average 15,13,096 shares a day, 39.0% delivered

About Welspun Corp

Welspun Corp Limited makes large-diameter welded steel pipes for oil, gas and water pipelines, plus ductile iron pipes for water supply, stainless steel bars, pipes and tubes, and TMT rebars, the steel bars that reinforce concrete.1 Under the Sintex brand it sells water storage tanks and plastic pipes.2 It manufactures in India and the USA, and its customers include engineering contractors, government bodies and public sector companies.13

It was incorporated in 1995 and commissioned its first spiral-welded (HSAW) pipe mill at Dahej, Gujarat, in 1998.45 It added a pipe mill at Little Rock, USA, in 2009, entered stainless steel products and TMT rebars in 2021, began making ductile iron (DI) pipes in 2022 and acquired Sintex in March 2023.567

The company is part of Welspun World, whose chairman, promoter Balkrishan Goenka, holds 44.55% of the company's shares directly and as trustee of Welspun Group Master Trust and B. K. Goenka Family Trust.89 Its holdings include Welspun Pipes Inc. and its subsidiaries in the USA, Welspun DI Pipes Limited and 55.17% of Welspun Specialty Solutions Limited.1011 It is the largest shareholder of East Pipes Integrated Company for Industry (EPIC), an associate (a company in which it holds a minority stake) that makes HSAW pipes at Dammam, Saudi Arabia.12113

Welspun Corp key points

Results

  • In the quarter to Jun 2026, consolidated revenue from operations rose 15% to ₹4,081 crore from ₹3,551 crore. EBITDA (earnings before interest, tax, depreciation and amortisation) rose 35% to ₹756 crore, the highest for any quarter.1415
  • Profit after tax was ₹1,046 crore against ₹350 crore, including a one-time gain of ₹548 crore from selling part of its stake in EPIC, its Saudi associate; without that gain it was ₹499 crore.1617
  • In the year to Mar 2026, consolidated revenue from operations was ₹16,770 crore against ₹13,978 crore. EBITDA was ₹2,371 crore against ₹1,858 crore, the highest the company has reported.1819
  • Profit attributable to shareholders was ₹1,613 crore in the year to Mar 2026, against ₹1,908 crore that included one-time gains of ₹477 crore (Nauyaan Shipyard stake sale) and ₹378 crore (EPIC shares).2021

Market position

  • In the USA, the company puts its line pipe market share above 30% and says it is the only maker offering pipes from 6 to 56 inches in outside diameter.2223
  • Its DI pipe (ductile iron, cast iron made less brittle for water mains) market share rose to 13% from 9% in the year to Mar 2026, the company says, as sales grew 26% to 342 KMT (kilotonnes).24
  • Its stainless steel business, subsidiary Welspun Specialty Solutions, is the only producer in India making its own stainless steel through to finished products, the company says; the business's revenue rose about 21% in the year to Mar 2026.2526

Where revenue comes from

  • Welspun Pipes Inc., the US business, had revenue of ₹6,364 crore in the year to Mar 2026 against ₹2,441 crore, and profit after tax of ₹823 crore against ₹101 crore.27
  • Exports were 35.05% of the company's standalone turnover in the year to Mar 2026.28
  • Welspun DI Pipes Limited, the wholly owned DI pipe subsidiary, had revenue of ₹2,034 crore in the year to Mar 2026 against ₹2,062 crore, and profit after tax of ₹44 crore against ₹292 crore.29

Plants and capacity

  • Installed capacity at Mar 202630311
    ItemMar 2026
    Line pipes, India1.3 MMTPA
    Line pipes, USA175 KMTPA HFIW, 350 KMTPA HSAW
    DI pipes600 KMTPA
    TMT bars350 KMTPA
    Stainless steel bars150 KMTPA
    KMTPA is kilotonnes and MMTPA million tonnes a year; HFIW pipes are induction welded; Sintex has 9 units in India.
  • Saudi associate EPIC has 500 KMTPA of HSAW capacity.32

Order book

  • In its exchange filing of 23 Oct 2026, the company said US subsidiary Welspun Tubular had secured a ₹5,500 crore order for a gas pipeline serving a data centre, taking the order book (orders not yet delivered) to a record $5.25 billion (₹50,000 crore).33
  • In its exchange filing of 25 Sep 2026, the company said Welspun Tubular had secured its largest HFIW pipe order, about $412.5 million (₹4,000 crore).34
  • In its exchange filing of 20 Aug 2026, the company said it had secured its largest single order, about $1.8 billion (₹17,200 crore), for pipes from its US plant, for delivery in the years to Mar 2028 and Mar 2029.35

Expansion and capital spending

  • The company stated in its annual report for the year to Mar 2026 that it targets completing a 300 KMTPA LSAW (straight-seam welded) mill in the USA and a 350 KMTPA LSAW mill and 250 KMTPA DI pipe plant in Saudi Arabia by Mar 2027.36
  • The company stated in its annual report for the year to Mar 2026 that it plans about ₹5,500 crore of capital spending over 3 to 4 years across India, the USA and Saudi Arabia.37
  • On its earnings call of 27 Jul 2026, the company said its Saudi and US capital spending was 60% to 65% done, both projects were on track to run by the end of the year, and its US HFIW mill was running.383940

What the company expects

  • In its presentation of 24 Jul 2026, the company gave guidance of ₹20,000 crore revenue and ₹2,850 crore EBITDA for the year to Mar 2027.41
  • The company stated in its annual report for the year to Mar 2026 that its medium-term targets are yearly growth of 10 to 12% in revenue and above 15% in EBITDA, and ROCE (return on capital employed) of 22 to 23%.42
  • On its earnings call of 27 Jul 2026, the company said funding constraints and overcapacity are slowing the Jal Jeevan Mission, the rural tap-water scheme, and expects weak domestic DI pipe demand to persist and has shifted mostly to exports, including pig iron (crude iron).4344

Recent events

  • On 31 Jul 2026, it completed buying a further 51% of Welspun Captive Power Generation Limited from promoter group company Welspun Living Limited, raising the group's holding to 74%.45

Last updated

All 45 sources, each with its page
  1. 1. Annual report, 16 Jul 2026, page 33
  2. 2. Annual report, 16 Jul 2026, page 26
  3. 3. Annual report, 16 Jul 2026, page 104
  4. 4. Annual report, 16 Jul 2026, page 242
  5. 5. Annual report, 16 Jul 2026, page 19
  6. 6. Annual report, 16 Jul 2026, page 42
  7. 7. Annual report, 16 Jul 2026, page 48
  8. 8. Annual report, 16 Jul 2026, page 14
  9. 9. Annual report, 16 Jul 2026, page 15
  10. 10. Annual report, 16 Jul 2026, page 67
  11. 11. Annual report, 16 Jul 2026, page 66
  12. 12. Annual report, 16 Jul 2026, page 67
  13. 13. Earnings call, 27 Jul 2026, page 17
  14. 14. Investor presentation, 24 Jul 2026, page 10
  15. 15. Earnings call, 27 Jul 2026, page 2
  16. 16. Investor presentation, 24 Jul 2026, page 8
  17. 17. Investor presentation, 24 Jul 2026, page 10
  18. 18. Annual report, 16 Jul 2026, page 55
  19. 19. Annual report, 16 Jul 2026, page 20
  20. 20. Annual report, 16 Jul 2026, page 55
  21. 21. Annual report, 16 Jul 2026, page 31
  22. 22. Annual report, 16 Jul 2026, page 41
  23. 23. Annual report, 16 Jul 2026, page 37
  24. 24. Annual report, 16 Jul 2026, page 43
  25. 25. Investor presentation, 24 Jul 2026, page 6
  26. 26. Annual report, 16 Jul 2026, page 47
  27. 27. Annual report, 16 Jul 2026, page 67
  28. 28. Annual report, 16 Jul 2026, page 104
  29. 29. Annual report, 16 Jul 2026, page 67
  30. 30. Annual report, 16 Jul 2026, page 41
  31. 31. Annual report, 16 Jul 2026, page 27
  32. 32. Annual report, 16 Jul 2026, page 39
  33. 33. Exchange filing, 23 Oct 2026, page 1
  34. 34. Exchange filing, 25 Sep 2026, page 1
  35. 35. Exchange filing, 20 Aug 2026, page 1
  36. 36. Annual report, 16 Jul 2026, page 28
  37. 37. Annual report, 16 Jul 2026, page 32
  38. 38. Earnings call, 27 Jul 2026, page 8
  39. 39. Earnings call, 27 Jul 2026, page 5
  40. 40. Earnings call, 27 Jul 2026, page 9
  41. 41. Investor presentation, 24 Jul 2026, page 11
  42. 42. Annual report, 16 Jul 2026, page 32
  43. 43. Earnings call, 27 Jul 2026, page 3
  44. 44. Earnings call, 27 Jul 2026, page 17
  45. 45. Exchange filing, 31 Jul 2026, page 1

Results

Consolidated; ₹ crore.Welspun Corp quarterly results

Revenue growth, 12 months
+20.2%
Net profit growth, 12 months
+14.9%

Quarter to Jun 2026, against the quarter before

Revenue
₹4,081 Crdown 5.37%
Net profit
₹1,048 Crup 182.10%
Net margin
25.7%

Revenue by quarter

₹3,302 CrSep 24₹3,614 CrDec 24₹3,925 CrMar 25₹3,551 CrJun 25₹4,374 CrSep 25₹4,532 CrDec 25₹4,313 CrMar 26₹4,081 CrJun 26
Peak revenue ₹4,532 Cr, quarter to Dec 2025; lowest ₹3,302 Cr, quarter to Sep 2024

Net profit by quarter, a loss in red

₹283 CrSep 24₹672 CrDec 24₹699 CrMar 25₹349 CrJun 25₹444 CrSep 25₹456 CrDec 25₹371 CrMar 26₹1,048 CrJun 26
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue3,3023,6143,9253,5514,3744,5324,3134,081
Net profit2836726993494444563711,048
Net margin8.6%18.6%17.8%9.8%10.1%10.1%8.6%25.7%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Steel Products₹16,134 Crup 20.88%96.2%
  • Others (including plastic products)₹636 Crup 0.84%3.8%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history. Its history crosses a change of basis in the accounts in the years to Mar 2018, Mar 2019 and Mar 2022: days before it are of the company before the change.Welspun Corp PE ratio and valuation

Price to earnings

At or below today's level on 78% of 1,983 trading days over the last 10 years.

LowestHighest
Its median15.28Industry median17.52
Price to book

At or below today's level on 98% of 1,978 trading days since Nov 2018.

LowestHighest
Its median1.39Industry median1.56
Dividend yield

At or below today's level on 1% of 2,442 trading days over the last 10 years.

LowestHighest
Its median0.63%Industry median0.51%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−5.9%−15.9%+11.1%0.6%
3 years+60.2%+97.8%−19.4%0.7%
5 years+44.0%+20.9%+17.9%1.5%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 1 year includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the year to Mar 2025.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Welspun Corp shareholding pattern

Shareholding by group

  • Promoters47.46%
  • Foreign institutions23.09%
  • Indian institutions16.36%
  • Individuals and others13.05%
  • Employee trusts0.03%
Holder
Balkrishan Goenka, trustee of Welspun Group Master TrustPromoter44.55%
Life Insurance Corporation of IndiaInsurance companies4.27%
Authum Investment and Infrastructure LimitedNon-bank lenders registered with RBI3.47%
SMALLCAP WORLD FUND, INCForeign portfolio investors, category I3.06%
ARYABHAT VYAPAR PRIVATE LIMITEDPromoter2.62%
FIDELITY SECURITIES FUND: FIDELITY BLUE CHIP GROWTH FUNDForeign portfolio investors, category I1.90%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters −2.27 pts, foreign institutions +8.48 pts, Indian institutions −3.59 pts, mutual funds −1.49 pts.

Mutual fund holdings

129 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 62 of the 85 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.All 129 funds holding Welspun Corp

Bought for the first time
15
Bought again
1
Added
34
Cut
51
Held unchanged
28
Sold out
14
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 28 Oct 2025.Welspun Corp insider trading

No promoter, director, key manager or employee bought or sold on the market.

  • Promoters and promoter group: no market trade
  • Others: no market trade · 7 pledge filings of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

Welspun Corp competitors and peers

Iron & Steel Products, 145 listed companies, priced on 27 Oct 2026. The table lists the 8 companies closest to Welspun Corp in market cap. 1 company in its own group left out: one owns more than half of the other, directly or through a company it controls, or one owner more than half of both.Capital goods stocks

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
APL Apollo Tubes logoAPL Apollo TubesAPLAPOLLO61,47146.9310.71+15.8%+24.9%25.3%26.0%0.38%
Shyam Metalics and Energy logoShyam Metalics and EnergySHYAMMETL32,206–2.80+22.8%––11.8%0.39%
Ratnamani Metals & Tubes logoRatnamani Metals & TubesRATNAMANI16,43037.954.00−16.3%−24.1%11.2%13.2%0.43%
Jindal Saw logoJindal SawJINDALSAW15,65828.541.24−0.7%−60.1%4.4%6.7%0.82%
Usha Martin logoUsha MartinUSHAMART14,60628.814.42+8.5%+25.4%16.8%18.8%0.78%
Godawari Power and Ispat logoGodawari Power and IspatGPIL13,07816.212.25+8.4%+8.9%15.1%17.2%0.51%
Gallantt Ispat logoGallantt IspatGALLANTT13,07132.083.75+5.5%−17.3%12.4%12.3%0.37%
Jayaswal Neco Industries logoJayaswal Neco IndustriesJAYNECOIND8,83112.822.66+18.3%+82.8%23.4%25.3%0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Welspun Corp dividend history

Dividend per share, ₹, restated for later splits and bonuses

0.5Mar 170.5Mar 180.5Mar 1911Mar 205Mar 215Mar 225Mar 235Mar 245Mar 255Mar 26
Highest ₹10.50 a share, year to Mar 2020.
Ex-dateTypePer share
30 Jun 2026Final₹5.00
18 Jul 2025Final₹5.00
28 Jun 2024Final₹5.00
16 Jun 2023Final₹5.00
9 Jun 2022Final₹5.00
9 Aug 2021Final₹5.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Welspun Corp announcements

Welspun Corp share price by year

Each calendar year to 2025.Welspun Corp share price history

YearClose at year endChangeHighest closeLowest close
2025814.40+0.1%966.30697.95
2024813.80+48.5%813.80471.25
2023548.15+131.3%561.20180.50
2022236.95+32.8%292.60137.20
2021178.45+34.1%189.70109.85
2020133.10−7.7%224.4555.50
2019144.25+3.6%149.6089.95
2018139.30+2.6%193.60104.65
2017135.75+80.4%158.1075.95
201675.25−34.8%113.3061.40
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
26 Oct 20262,390.002,437.002,315.002,342.602,363.0711,70,20843.4%
23 Oct 20262,408.002,469.002,330.102,388.702,394.9218,09,28436.2%
22 Oct 20262,555.002,558.702,426.602,444.202,473.5211,55,55934.0%
21 Oct 20262,625.602,643.502,534.002,565.602,576.939,73,47043.6%
19 Oct 20262,580.102,620.002,536.102,592.902,591.1310,23,72146.8%
16 Oct 20262,509.202,630.002,500.002,571.502,597.8417,03,59825.9%
15 Oct 20262,630.102,633.002,450.202,486.902,532.6511,55,24641.3%
14 Oct 20262,730.002,738.802,625.002,633.802,670.517,89,00441.7%
13 Oct 20262,800.002,808.002,663.702,730.002,713.9913,02,20541.5%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Buyback history

Ex-dateEventPrice factorWhat happened
25 Feb 2013Price move–Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for.
3 Dec 2010Price move–Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for.
10 Oct 2008Price move–Between two trading sessions the price moved by a fifth or more. The Nifty 500 moved 5% or more the same way over the same sessions. Not adjusted for.
Each event is noted and not adjusted for.

Company details