₹1,581.5
▼ -102.56 -6.09%
18 Jul 2026
NSE Listed · Capital Goods-Non Electrical Equipment
Welspun Corp Limited (WELCORP)
Volume: 37,055Avg Vol 1W: 7,67,003Avg Vol 1M: 10,73,53652W Range:₹710₹1,698.8
Key Ratios
Checked just nowMarket Cap₹41,718 Cr
Current Price₹1,581.5
Previous Close₹1,684.06
High / Low (52w)₹1,698.8 / ₹710
Volume37,055
Avg Vol (1W)7,67,003
Avg Vol (1M)10,73,536
Stock P/E112.64
Book Value₹347.16
Dividend Yield32%
ROE17.62%
ROA7.93%
Revenue (TTM)—
Revenue Growth-19.39%
Profit Margin9.62%
Total Debt₹442 Cr
Shares Outstanding26 Cr
Face Value₹5
EPS (TTM)₹61.1
P/B4.56
Debt / Equity0.21
50 DMA₹1,503.14
200 DMA₹1,179.11
Day change-6.09%
Price Chart
₹1,581.5▲ 86.30% · 1Y
2025-11-242026-07-17
20-day avg volume: 11.2L shares
Pros
- Healthy return on equity of 17.6%.
- Pays a dividend yield of 32.0%.
- Company is almost debt-free.
- Revenue grew 19% YoY.
Cons
- Stock trades at a high P/E of 113.
Quarterly Results
| Metric | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹3,137 Cr | ₹3,302 Cr | ₹3,614 Cr | ₹3,925 Cr | ₹3,551 Cr | ₹4,374 Cr | ₹4,532 Cr | ₹4,313 Cr |
| EBITDA | ₹332 Cr | ₹373 Cr | ₹387 Cr | ₹415 Cr | ₹475 Cr | ₹542 Cr | ₹553 Cr | ₹446 Cr |
| Net Profit | ₹248 Cr | ₹287 Cr | ₹675 Cr | ₹698 Cr | ₹350 Cr | ₹440 Cr | ₹453 Cr | ₹370 Cr |
| EPS | — | — | — | — | — | — | — | — |
Profit & Loss (Annual)
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹9,088 Cr | ₹10,073 Cr | ₹7,509 Cr | ₹7,056 Cr | ₹10,078 Cr | ₹17,582 Cr | ₹14,167 Cr | ₹16,905 Cr |
| EBITDA | ₹448 Cr | ₹1,043 Cr | ₹905 Cr | ₹768 Cr | ₹502 Cr | ₹1,456 Cr | ₹1,507 Cr | ₹2,016 Cr |
| Net Profit | ₹-13 Cr | ₹635 Cr | ₹768 Cr | ₹439 Cr | ₹207 Cr | ₹1,110 Cr | ₹1,908 Cr | ₹1,613 Cr |
| EPS | -0.5 | 24.06 | 29.34 | 16.77 | 7.89 | 42.32 | 72.44 | 61.2 |
Balance Sheet
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹8,200 Cr | ₹7,943 Cr | ₹7,692 Cr | ₹9,169 Cr | ₹15,339 Cr | ₹11,850 Cr | ₹15,237 Cr | ₹20,434 Cr |
| Total Liabilities | ₹5,407 Cr | ₹4,714 Cr | ₹3,482 Cr | ₹4,641 Cr | ₹10,495 Cr | ₹6,116 Cr | ₹7,508 Cr | ₹11,028 Cr |
| Equity | ₹2,793 Cr | ₹3,229 Cr | ₹4,210 Cr | ₹4,528 Cr | ₹4,844 Cr | ₹5,734 Cr | ₹7,729 Cr | ₹9,406 Cr |
| Total Debt | — | — | — | — | — | — | — | — |
Cash Flow
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Operating | ₹707 Cr | ₹920 Cr | ₹935 Cr | ₹370 Cr | ₹-66 Cr | ₹1,496 Cr | ₹1,844 Cr | ₹3,502 Cr |
| Investing | ₹-282 Cr | ₹-77 Cr | ₹-845 Cr | ₹-209 Cr | ₹-417 Cr | ₹367 Cr | ₹180 Cr | ₹-3,723 Cr |
| Financing | ₹-335 Cr | ₹-743 Cr | ₹-198 Cr | ₹453 Cr | ₹909 Cr | ₹-1,877 Cr | ₹-1,369 Cr | ₹875 Cr |
| Free Cash Flow | ₹707 Cr | ₹920 Cr | ₹935 Cr | ₹370 Cr | ₹-66 Cr | ₹1,496 Cr | ₹1,844 Cr | ₹3,502 Cr |
Shareholding
Promoter 49.73% Institutions 32.72% Public 17.55%
Efficiency & Working Capital
ROCE20%
Interest Coverage11.1
Dividend Payout—
Debtor Days37 d
Inventory Days101 d
Payable Days72 d
Cash Conversion Cycle66 d
Working Capital Days139 d
Shareholding Details
As of 2026-03-31
Promoter49.7%
FII11.2%
DII21.5%
Institutions32.7%
Public17.5%
Promoter Pledge0%
No. of Shareholders1,22,338
Shareholding Pattern
Quarterly — figures in %. Latest 12 quarters.
| Period | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 50% | 50% | 50% | 50.1% | 50% | 50% | 50% | 50% | 49.8% | 49.8% | 49.7% | 49.7% |
| FIIs | 7.8% | 9.4% | 10.6% | 10.7% | 10.5% | 11.6% | 11.7% | 12.2% | 12.1% | 11.8% | 11.4% | 11.2% |
| DIIs | 15.4% | 16.5% | 10% | 17.6% | 15.9% | 17.6% | 20.2% | 20.5% | 20.7% | 20.9% | 20.5% | 21.5% |
| Public | 26.8% | 24.2% | 29.5% | 21.6% | 23.6% | 20.7% | 18.1% | 17.3% | 17.3% | 17.6% | 18.3% | 17.5% |
| Promoter Pledge | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 83,315 | 82,058 | 99,284 | 1,19,466 | 1,23,491 | 1,16,485 | 1,17,368 | 1,28,471 | 1,28,466 | 1,31,026 | 1,31,326 | 1,22,338 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202603 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Balkrishan Goenka, Trustee Of Welspun Group Master Trust | Shareholding of Promoter and Promoter Group | 44.6% | 11.75 Cr |
| Authum Investment And Infrastructure Limited | Public Shareholding | 6.5% | 1.70 Cr |
| Life Insurance Corporation Of India | Public Shareholding | 4.7% | 1.24 Cr |
| Dsp Small Cap Fund | Public Shareholding | 2.8% | 73,35,270 |
| Aryabhat Vyapar Private Limited | Shareholding of Promoter and Promoter Group | 2.6% | 69,15,000 |
| Welspun Investments And Commercials Limited | Shareholding of Promoter and Promoter Group | 2.6% | 67,58,000 |
| Aditya Birla Sun Life Trustee Private Limited A/c Aditya Birla Sun Life Flexi Cap Fund | Public Shareholding | 2.1% | 54,63,950 |
| Quant Mutual Fund - Quant Small Cap Fund | Public Shareholding | 2% | 51,45,305 |
| Fidelity Securities Fund: Fidelity Blue Chip Growth Fund | Public Shareholding | 1.9% | 50,04,153 |
| Axis Mutual Fund Trustee Limited A/c Axis Mutual Fund A/c Axis Small Cap Fund | Public Shareholding | 1% | 27,05,911 |
| Mgn Agro Properties Private Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Rajesh R Mandawewala | Shareholding of Promoter and Promoter Group | 0% | 200 |
| Balkrishan Gopiram Goenka | Shareholding of Promoter and Promoter Group | 0% | 140 |
| Dipali B. Goenka | Shareholding of Promoter and Promoter Group | 0% | 2 |
| Sitadevi Mandawewala | Shareholding of Promoter and Promoter Group | 0% | 1,000 |
| Ms. Radhika Goenka | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Ms. Vanshika Goenka | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Mrs. Pratima Mandawewala | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Mr. Abhishek Mandawewala | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Mr. Ramesh Mandawewala | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Mr. Yash Mandawewala | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Rajesh Mandawewala Huf | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Bkg Huf | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Abhishek Mandawewala Huf | Shareholding of Promoter and Promoter Group | 0% | 0 |
| B. K. Goenka Family Trust (balkrishan Goenka) | Shareholding of Promoter and Promoter Group | 0% | 5 |
Promoter Pledges
| Holder | Pledged Shares | % of Holding | As of |
|---|---|---|---|
| Rajesh R Mandawewala | 0 | 0% | 2026-03-31 |
| Balkrishan Gopiram Goenka | 0 | 0% | 2026-03-31 |
| Dipali B. Goenka | 0 | 0% | 2026-03-31 |
| Sitadevi Mandawewala | 0 | 0% | 2026-03-31 |
| Ms. Radhika Goenka | 0 | 0% | 2026-03-31 |
| Ms. Vanshika Goenka | 0 | 0% | 2026-03-31 |
| Mrs. Pratima Mandawewala | 0 | 0% | 2026-03-31 |
| Mr. Abhishek Mandawewala | 0 | 0% | 2026-03-31 |
| Mr. Ramesh Mandawewala | 0 | 0% | 2026-03-31 |
| Mr. Yash Mandawewala | 0 | 0% | 2026-03-31 |
| Rajesh Mandawewala Huf | 0 | 0% | 2026-03-31 |
| Bkg Huf | 0 | 0% | 2026-03-31 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| B K Goenka | Chairman & Non Executive Dir. | 2026 |
| R R Mandawewala | Non-Exec & Non-Independent Dir | 2026 |
| Vipul Mathur | Managing Director & CEO | 2026 |
| Aneesh Misra | Non-Exec & Non-Independent Dir | 2026 |
| Anjani Kumar Agrawal | Independent Non Exe. Director | 2026 |
| Dipali Sheth | Independent Non Exe. Director | 2026 |
| Manish Chokhani | Independent Non Exe. Director | 2026 |
| Ravindra Pandey | Independent Non Exe. Director | 2026 |
| C S Verma | Independent Non Exe. Director | 2026 |
| Raghupal Singh | Non-Exec & Non-Independent Dir | 2026 |
| KAMAL RATHI | Company Sec. & Compli. Officer | 2026 |
Segments — Product
| Segment | Revenue | Share |
|---|---|---|
| Manufacture and Distribution of Ste | ₹0 Cr | — |
Segments — Geography
| Region | Revenue | Share |
|---|---|---|
| Outside India and United States of | ₹2,519 Cr | 30.3% |
| Within United States of America | ₹391 Cr | 4.7% |
| Within India | ₹5,390 Cr | 64.9% |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2026 | ₹5 | 152 | 132 | 132 |
Corporate Actions
| Type | Date | Value | Remark |
|---|---|---|---|
| forthcoming | 2026-07-24 | Board Meetings | — |
| dividend | 2026-06-30 | ₹5.0 (100.0%) | Final |
| dividend | 2026-06-30 | ₹5 (100%) | Final |
| dividend | 2025-07-18 | ₹5 (100%) | Final |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2026 | 4,098 | 102 | 252 | 117 | 9,060 | 13,629 |
| 2026 | 1,985 | 3 | 11 | 0 | 2,189 | 4,188 |
| 2026 | 1,115 | 55 | 235 | 117 | 4,955 | 6,477 |
Insider / Designated-Person Trades
30 recent disclosure(s)
TRIBHUWAN SINGH KATHAYATDisposal · 6,600
TRIBHUWAN SINGH KATHAYATDisposal · 500
GODFREY JOHNDisposal · 5,000
GODFREY JOHNDisposal · 7,000
CHINTAN THAKERDisposal · 5,000
Vipul MathurDisposal · 4,50,000
Substantial Acquisitions (SAST)
4 disclosure(s)
Market06/03/2024 · 4,50,000
Market17/10/2023 · 4,22,028
Market17/10/2023 · 1,33,84,759
Market29/04/2022 · 75,000
Company Information
🌐 www.welspuncorp.com ↗
📍 Welspun City, Village Versamedi Taluka Anjar, Kutch, Gujarat, 370110
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