Debut Plus

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:7101,698.8
Market 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
168772267.7L
2025-11-24
2026-07-17

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
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 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)
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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-0.524.0629.3416.777.8942.3272.4461.2
Balance Sheet
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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.

PeriodJun 2023Sept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Promoters50%50%50%50.1%50%50%50%50%49.8%49.8%49.7%49.7%
FIIs7.8%9.4%10.6%10.7%10.5%11.6%11.7%12.2%12.1%11.8%11.4%11.2%
DIIs15.4%16.5%10%17.6%15.9%17.6%20.2%20.5%20.7%20.9%20.5%21.5%
Public26.8%24.2%29.5%21.6%23.6%20.7%18.1%17.3%17.3%17.6%18.3%17.5%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders83,31582,05899,2841,19,4661,23,4911,16,4851,17,3681,28,4711,28,4661,31,0261,31,3261,22,338
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603
Major Shareholders (>1%)
NameCategoryStakeShares
Balkrishan Goenka, Trustee Of Welspun Group Master TrustShareholding of Promoter and Promoter Group44.6%11.75 Cr
Authum Investment And Infrastructure LimitedPublic Shareholding6.5%1.70 Cr
Life Insurance Corporation Of IndiaPublic Shareholding4.7%1.24 Cr
Dsp Small Cap FundPublic Shareholding2.8%73,35,270
Aryabhat Vyapar Private LimitedShareholding of Promoter and Promoter Group2.6%69,15,000
Welspun Investments And Commercials LimitedShareholding of Promoter and Promoter Group2.6%67,58,000
Aditya Birla Sun Life Trustee Private Limited A/c Aditya Birla Sun Life Flexi Cap FundPublic Shareholding2.1%54,63,950
Quant Mutual Fund - Quant Small Cap FundPublic Shareholding2%51,45,305
Fidelity Securities Fund: Fidelity Blue Chip Growth FundPublic Shareholding1.9%50,04,153
Axis Mutual Fund Trustee Limited A/c Axis Mutual Fund A/c Axis Small Cap FundPublic Shareholding1%27,05,911
Mgn Agro Properties Private LimitedShareholding of Promoter and Promoter Group0%0
Rajesh R MandawewalaShareholding of Promoter and Promoter Group0%200
Balkrishan Gopiram GoenkaShareholding of Promoter and Promoter Group0%140
Dipali B. GoenkaShareholding of Promoter and Promoter Group0%2
Sitadevi MandawewalaShareholding of Promoter and Promoter Group0%1,000
Ms. Radhika GoenkaShareholding of Promoter and Promoter Group0%0
Ms. Vanshika GoenkaShareholding of Promoter and Promoter Group0%0
Mrs. Pratima MandawewalaShareholding of Promoter and Promoter Group0%0
Mr. Abhishek MandawewalaShareholding of Promoter and Promoter Group0%0
Mr. Ramesh MandawewalaShareholding of Promoter and Promoter Group0%0
Mr. Yash MandawewalaShareholding of Promoter and Promoter Group0%0
Rajesh Mandawewala HufShareholding of Promoter and Promoter Group0%0
Bkg HufShareholding of Promoter and Promoter Group0%0
Abhishek Mandawewala HufShareholding of Promoter and Promoter Group0%0
B. K. Goenka Family Trust (balkrishan Goenka)Shareholding of Promoter and Promoter Group0%5
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Rajesh R Mandawewala00%2026-03-31
Balkrishan Gopiram Goenka00%2026-03-31
Dipali B. Goenka00%2026-03-31
Sitadevi Mandawewala00%2026-03-31
Ms. Radhika Goenka00%2026-03-31
Ms. Vanshika Goenka00%2026-03-31
Mrs. Pratima Mandawewala00%2026-03-31
Mr. Abhishek Mandawewala00%2026-03-31
Mr. Ramesh Mandawewala00%2026-03-31
Mr. Yash Mandawewala00%2026-03-31
Rajesh Mandawewala Huf00%2026-03-31
Bkg Huf00%2026-03-31
Board of Directors
NameDesignationYear
B K GoenkaChairman & Non Executive Dir.2026
R R MandawewalaNon-Exec & Non-Independent Dir2026
Vipul MathurManaging Director & CEO2026
Aneesh MisraNon-Exec & Non-Independent Dir2026
Anjani Kumar AgrawalIndependent Non Exe. Director2026
Dipali ShethIndependent Non Exe. Director2026
Manish ChokhaniIndependent Non Exe. Director2026
Ravindra PandeyIndependent Non Exe. Director2026
C S VermaIndependent Non Exe. Director2026
Raghupal SinghNon-Exec & Non-Independent Dir2026
KAMAL RATHICompany Sec. & Compli. Officer2026
Segments — Product
SegmentRevenueShare
Manufacture and Distribution of Ste₹0 Cr
Segments — Geography
RegionRevenueShare
Outside India and United States of₹2,519 Cr30.3%
Within United States of America₹391 Cr4.7%
Within India₹5,390 Cr64.9%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹5152132132
Corporate Actions
TypeDateValueRemark
forthcoming2026-07-24Board Meetings
dividend2026-06-30₹5.0 (100.0%)Final
dividend2026-06-30₹5 (100%)Final
dividend2025-07-18₹5 (100%)Final
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
20264,0981022521179,06013,629
20261,98531102,1894,188
20261,115552351174,9556,477
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
Incorporated1995
ChairmanB K Goenka
AuditorB S R & Co LLP
Investor Email[email protected]
🌐 www.welspuncorp.com

📍 Welspun City, Village Versamedi Taluka Anjar, Kutch, Gujarat, 370110

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