Welspun Corp Limited (WELCORP) AI Stock Analysis

• Market Cap: ₹230.75B
• Dividend Yield: 0.57%
• Average Volume (3M): 27.23K
• Price to Earnings (P/E): 11.4
• Beta (1Y): 1.51
• Revenue Growth: -12.29%
• EPS Growth: 68.04%
• Country: IN
• Employees: 5,213
• Sector: Basic Materials
• Sector Strength: 60
• Industry: Steel
• EPS (TTM): 13.35
• Shares Outstanding: 263,221,900
• 10 Day Avg. Volume: 23,834
• 30 Day Avg. Volume: 27,234
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹1,019.00
• Price Target Upside: 16.24% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 71 Outperform
• Price Target: ₹1,019.00 ▲(16.24% Upside)

Welspun Corp Limited scores well due to strong financial performance and positive technical indicators. The company's valuation is attractive, but challenges in cash flow management and recent revenue decline warrant caution.

Welspun Corp Limited Business Overview & Revenue Model

Company Description

Welspun Corp Limited (WELCORP) is a leading global manufacturer and supplier in the line pipe industry, primarily serving the oil and gas sector. The company specializes in a wide range of welded line pipes, including Longitudinal Submerged Arc Welded (LSAW), Helical Submerged Arc Welded (HSAW), and Electric Resistance Welded (ERW) pipes. With a strong presence in more than 50 countries, Welspun Corp is known for its high-quality, innovative solutions tailored to meet the needs of its diverse clientele.

How the Company Makes Money

Welspun Corp Limited generates revenue primarily through the manufacturing and sale of welded line pipes. The company's key revenue streams include the sale of LSAW, HSAW, and ERW pipes to clients in the oil and gas industry, which demand durable and efficient piping solutions for transportation and infrastructure projects. Additionally, Welspun Corp benefits from strategic partnerships and long-term contracts with major oil and gas companies across the globe, ensuring a steady flow of income. The company also invests in research and development to enhance product quality and efficiency, which helps maintain its competitive edge and attract new business opportunities, contributing to its overall earnings.

Welspun Corp Limited Financial Statement Overview

Summary

Welspun Corp Limited demonstrates strong profitability and a stable balance sheet with effective cost management. However, recent revenue decline and free cash flow fluctuations indicate potential challenges.

Income Statement

Welspun Corp Limited shows strong net profit margins and EBIT margins over the years, indicating efficient cost management and profitability. However, there was a decline in revenue in 2025 compared to 2024, which may indicate potential demand issues or market challenges. The gross profit margin is solid, contributing to overall profitability.

Balance Sheet

The company's balance sheet reflects a stable equity base with a manageable debt-to-equity ratio. The equity ratio is satisfactory, indicating a solid foundation of stockholders' equity relative to total assets. However, the increase in total liabilities over the years could pose a risk if not managed carefully.

Cash Flow

Cash flow analysis reveals a healthy operating cash flow to net income ratio, suggesting efficient cash generation from operations. However, free cash flow has fluctuated significantly, with a notable decline in recent years. This volatility in free cash flow may indicate challenges in capital expenditure management or fluctuating operational performance.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	145.14B	139.78B	173.40B	97.04B	65.05B	69.92B
Gross Profit	42.55B	37.53B	51.63B	9.32B	17.10B	18.79B
EBITDA	23.20B	23.24B	20.57B	8.01B	10.22B	12.89B
Net Income	14.78B	19.08B	11.10B	2.07B	4.39B	7.68B
Balance Sheet
Total Assets	0.00	152.37B	118.50B	153.39B	91.69B	76.92B
Cash, Cash Equivalents and Short-Term Investments	15.56B	18.02B	14.73B	20.72B	21.33B	14.10B
Total Debt	0.00	11.04B	19.49B	33.62B	20.57B	9.70B
Total Liabilities	-61.50B	73.26B	61.16B	104.95B	46.41B	34.82B
Stockholders Equity	61.50B	74.63B	56.16B	47.32B	44.28B	40.83B
Cash Flow
Free Cash Flow	0.00	4.12B	10.07B	-13.79B	-7.61B	4.55B
Operating Cash Flow	0.00	12.65B	13.06B	-1.85B	2.18B	7.74B
Investing Cash Flow	0.00	1.16B	3.67B	-4.17B	-2.09B	-8.45B
Financing Cash Flow	0.00	-10.66B	-18.77B	9.09B	4.53B	-1.98B

Welspun Corp Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 876.65
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:WELCORP, the sentiment is Positive. The current price of 876.65 is below the 20-day moving average (MA) of 898.52, below the 50-day MA of 911.98, and above the 200-day MA of 806.52, indicating a neutral trend. The MACD of -9.81 indicates Positive momentum. The RSI at 44.77 is Neutral, neither overbought nor oversold. The STOCH value of 19.64 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:WELCORP.

Welspun Corp Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WELCORP	71 Outperform	₹230.75B	11.45		0.57%	-12.29%	68.04%
JINDALSAW	71 Outperform	₹127.26B	7.37		0.98%	-7.04%	-7.16%
MANINDS	69 Neutral	₹26.63B	16.89		0.85%	2.59%	26.56%
VENUSPIPES	69 Neutral	₹26.40B	29.15		0.07%	19.49%	7.84%
MAHSEAMLES	65 Neutral	₹91.08B	10.37		1.46%	-1.30%	0.51%
RATNAMANI	57 Neutral	₹163.68B	28.68		0.60%	1.71%	-4.60%
Sector *	44 Neutral	C$923.76M	-8.68	-0.23%	2.69%	24.53%	-41.45%

Welspun Corp Limited Corporate Events

Welspun Corp Limited Concludes 30th AGM with Key Resolutions

Welspun Corp Limited held its 30th Annual General Meeting on July 31, 2025, where several key resolutions were passed. These included the adoption of audited financial statements, declaration of dividends, appointment and ratification of directors and auditors, and approval of remuneration for key executives. The meeting was conducted via video conference, reflecting the company’s adaptation to modern communication methods. These decisions are expected to impact the company’s governance and financial strategies, potentially influencing its market position and stakeholder relations.