Welspun Corp share price
NSE: WELCORPBSE: 532144Industrial ProductsSmall Cap
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
- Under NSE's long-term additional surveillance, stage I, on the list for 27 Oct 2026. The exchange puts a share here when its price has moved unusually, and trading in it carries extra conditions.
- Next results date: the board meets on 29 Oct 2026 to consider: financial results. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹65,264 Cr289th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 28.26
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 7.13
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.20%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 27.8%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 17.4%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.23
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 11,83,50443.0% 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 202630311KMTPA is kilotonnes and MMTPA million tonnes a year; HFIW pipes are induction welded; Sintex has 9 units in India.
Item Mar 2026 Line pipes, India 1.3 MMTPA Line pipes, USA 175 KMTPA HFIW, 350 KMTPA HSAW DI pipes 600 KMTPA TMT bars 350 KMTPA Stainless steel bars 150 KMTPA - 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. Annual report, 16 Jul 2026, page 33
- 2. Annual report, 16 Jul 2026, page 26
- 3. Annual report, 16 Jul 2026, page 104
- 4. Annual report, 16 Jul 2026, page 242
- 5. Annual report, 16 Jul 2026, page 19
- 6. Annual report, 16 Jul 2026, page 42
- 7. Annual report, 16 Jul 2026, page 48
- 8. Annual report, 16 Jul 2026, page 14
- 9. Annual report, 16 Jul 2026, page 15
- 10. Annual report, 16 Jul 2026, page 67
- 11. Annual report, 16 Jul 2026, page 66
- 12. Annual report, 16 Jul 2026, page 67
- 13. Earnings call, 27 Jul 2026, page 17
- 14. Investor presentation, 24 Jul 2026, page 10
- 15. Earnings call, 27 Jul 2026, page 2
- 16. Investor presentation, 24 Jul 2026, page 8
- 17. Investor presentation, 24 Jul 2026, page 10
- 18. Annual report, 16 Jul 2026, page 55
- 19. Annual report, 16 Jul 2026, page 20
- 20. Annual report, 16 Jul 2026, page 55
- 21. Annual report, 16 Jul 2026, page 31
- 22. Annual report, 16 Jul 2026, page 41
- 23. Annual report, 16 Jul 2026, page 37
- 24. Annual report, 16 Jul 2026, page 43
- 25. Investor presentation, 24 Jul 2026, page 6
- 26. Annual report, 16 Jul 2026, page 47
- 27. Annual report, 16 Jul 2026, page 67
- 28. Annual report, 16 Jul 2026, page 104
- 29. Annual report, 16 Jul 2026, page 67
- 30. Annual report, 16 Jul 2026, page 41
- 31. Annual report, 16 Jul 2026, page 27
- 32. Annual report, 16 Jul 2026, page 39
- 33. Exchange filing, 23 Oct 2026, page 1
- 34. Exchange filing, 25 Sep 2026, page 1
- 35. Exchange filing, 20 Aug 2026, page 1
- 36. Annual report, 16 Jul 2026, page 28
- 37. Annual report, 16 Jul 2026, page 32
- 38. Earnings call, 27 Jul 2026, page 8
- 39. Earnings call, 27 Jul 2026, page 5
- 40. Earnings call, 27 Jul 2026, page 9
- 41. Investor presentation, 24 Jul 2026, page 11
- 42. Annual report, 16 Jul 2026, page 32
- 43. Earnings call, 27 Jul 2026, page 3
- 44. Earnings call, 27 Jul 2026, page 17
- 45. Exchange filing, 31 Jul 2026, page 1
Results
Consolidated; ₹ crore.Welspun Corp quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +20.2%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +14.9%
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹4,081 Crdown 5.37%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹1,048 Crup 182.10%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 25.7%
Revenue by quarter
Net profit by quarter, a loss in red
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,302 | 3,614 | 3,925 | 3,551 | 4,374 | 4,532 | 4,313 | 4,081 |
| Net profit | 283 | 672 | 699 | 349 | 444 | 456 | 371 | 1,048 |
| Net margin | 8.6% | 18.6% | 17.8% | 9.8% | 10.1% | 10.1% | 8.6% | 25.7% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹16,770 Crup 19.98%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹1,620 Crdown 14.81%
- Net margin
- 9.7%
Revenue by year
Net profit by year, a loss in red
- Net profit
- Loss
The years either side of a change of basis do not compare. From the year to Mar 2018, GST replaced excise duty on 1 Jul 2017, and revenue before that day includes the duty. From the year to Mar 2019, the company's revenue for that year, ₹8,953 Cr, differs from its quarters added, ₹9,792 Cr. From the year to Mar 2022, the company's revenue for that year, ₹6,505 Cr, differs from its quarters added, ₹5,915 Cr.
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 6,035what Revenue, Mar 2017, includes. This period's revenue includes excise duty of ₹137 crore, a tax on the goods the company makes that it collects and pays to the government. | 7,587what Revenue, Mar 2018, includes. This period's revenue includes excise duty of ₹45 crore, a tax on the goods the company makes that it collects and pays to the government. | 8,953 | 9,957 | 6,440 | 6,505 | 9,758 | 17,340 | 13,978 | 16,770 |
| Net profit | 10 | 153 | −22 | 654 | 631 | 444 | 199 | 1,136 | 1,902 | 1,620 |
| Net margin | 0.2% | 2.0% | – | 6.6% | 9.8% | 6.8% | 2.0% | 6.6% | 13.6% | 9.7% |
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- Steel ProductsSteel Products, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹16,134 Crup 20.88%96.2%
- Others (including plastic products)Others (including plastic products), share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹636 Crup 0.84%3.8%
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
At or below today's level on 78% of 1,983 trading days over the last 10 years.
At or below today's level on 98% of 1,978 trading days since Nov 2018.
At or below today's level on 1% of 2,442 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend 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% |
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 timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 15
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 1
- AddedAdded. Funds that held more shares than at the end of the month before.
- 34
- CutCut. Funds that held fewer shares than at the end of the month before.
- 51
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 28
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 14
| Fund | |||
|---|---|---|---|
| 36,10,619 | 2.76% | ₹981.0 Cr | |
| 23,24,047 | 2.94% | ₹631.4 Cr | |
| 17,07,646 | 1.51% | ₹464.0 Cr | |
| 16,50,000 | 1.60% | ₹448.3 Cr | |
| 10,36,150 | 2.35% | ₹281.5 Cr | |
| 6,98,985 | 1.43% | ₹189.9 Cr | |
| 6,74,069 | 2.75% | ₹183.1 Cr | |
| 6,13,095 | 2.86% | ₹166.6 Cr | |
| 4,10,791 | 4.04% | ₹111.6 Cr | |
| 4,02,326 | 0.58% | ₹109.3 Cr |
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
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
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 61,471 | 46.93 | 10.71 | +15.8% | +24.9% | 25.3% | 26.0% | 0.38% | |
| 32,206 | – | 2.80 | +22.8% | – | – | 11.8% | 0.39% | |
| 16,430 | 37.95 | 4.00 | −16.3% | −24.1% | 11.2% | 13.2% | 0.43% | |
| 15,658 | 28.54 | 1.24 | −0.7% | −60.1% | 4.4% | 6.7% | 0.82% | |
| 14,606 | 28.81 | 4.42 | +8.5% | +25.4% | 16.8% | 18.8% | 0.78% | |
| 13,078 | 16.21 | 2.25 | +8.4% | +8.9% | 15.1% | 17.2% | 0.51% | |
| 13,071 | 32.08 | 3.75 | +5.5% | −17.3% | 12.4% | 12.3% | 0.37% | |
| 8,831 | 12.82 | 2.66 | +18.3% | +82.8% | 23.4% | 25.3% | 0.00% |
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
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 30 Jun 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹5.00 |
| 18 Jul 2025 | Final | ₹5.00 |
| 28 Jun 2024 | Final | ₹5.00 |
| 16 Jun 2023 | Final | ₹5.00 |
| 9 Jun 2022 | Final | ₹5.00 |
| 9 Aug 2021 | Final | ₹5.00 |
Latest announcements
Routine notices left out.Welspun Corp announcements
Oct 2026
26 Oct · Analysts
23 Oct · Board meeting
16 Oct · Rating
16 Oct · Updates
13 Oct · General Updates
Welspun Corp share price by year
Each calendar year to 2025.Welspun Corp share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 814.40 | +0.1% | 966.30 | 697.95 |
| 2024 | 813.80 | +48.5% | 813.80 | 471.25 |
| 2023 | 548.15 | +131.3% | 561.20 | 180.50 |
| 2022 | 236.95 | +32.8% | 292.60 | 137.20 |
| 2021 | 178.45 | +34.1% | 189.70 | 109.85 |
| 2020 | 133.10 | −7.7% | 224.45 | 55.50 |
| 2019 | 144.25 | +3.6% | 149.60 | 89.95 |
| 2018 | 139.30 | +2.6% | 193.60 | 104.65 |
| 2017 | 135.75 | +80.4% | 158.10 | 75.95 |
| 2016 | 75.25 | −34.8% | 113.30 | 61.40 |
Recent sessions
The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 26 Oct 2026 | 2,390.00 | 2,437.00 | 2,315.00 | 2,342.60 | 2,363.07 | 11,70,208 | 43.4% |
| 23 Oct 2026 | 2,408.00 | 2,469.00 | 2,330.10 | 2,388.70 | 2,394.92 | 18,09,284 | 36.2% |
| 22 Oct 2026 | 2,555.00 | 2,558.70 | 2,426.60 | 2,444.20 | 2,473.52 | 11,55,559 | 34.0% |
| 21 Oct 2026 | 2,625.60 | 2,643.50 | 2,534.00 | 2,565.60 | 2,576.93 | 9,73,470 | 43.6% |
| 19 Oct 2026 | 2,580.10 | 2,620.00 | 2,536.10 | 2,592.90 | 2,591.13 | 10,23,721 | 46.8% |
| 16 Oct 2026 | 2,509.20 | 2,630.00 | 2,500.00 | 2,571.50 | 2,597.84 | 17,03,598 | 25.9% |
| 15 Oct 2026 | 2,630.10 | 2,633.00 | 2,450.20 | 2,486.90 | 2,532.65 | 11,55,246 | 41.3% |
| 14 Oct 2026 | 2,730.00 | 2,738.80 | 2,625.00 | 2,633.80 | 2,670.51 | 7,89,004 | 41.7% |
| 13 Oct 2026 | 2,800.00 | 2,808.00 | 2,663.70 | 2,730.00 | 2,713.99 | 13,02,205 | 41.5% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Buyback history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 25 Feb 2013 | Price move | – | Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for. |
| 3 Dec 2010 | Price move | – | Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for. |
| 10 Oct 2008 | Price 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. |
Company details
- NSE symbol
- WELCORP
- BSE code
- 532144
- ISIN
- INE191B01025
- Industry
- Industrial Products
- Former symbols
- WELGUJ
- Website
- www.welspuncorp.com
- CIN
- L27100GJ1995PLC025609
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1995
- Registered office
- Welspun City, Village Versamedi, Dist Kutch, Anjar 370110, Gujarat
- Share registrar
- MUFG Intime India Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments