Welspun Corp Limited (WELCORP) AI Stock Analysis

• Market Cap: ₹218.17B
• Dividend Yield: 0.6%
• Average Volume (3M): 18.13K
• Price to Earnings (P/E): 10.8
• Beta (1Y): 1.43
• Revenue Growth: -12.29%
• EPS Growth: 68.04%
• Country: IN
• Employees: 5,213
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Steel
• EPS (TTM): 13.40
• Shares Outstanding: 263,606,900
• 10 Day Avg. Volume: 15,101
• 30 Day Avg. Volume: 18,125
• PEG Ratio: 0.16
• Price to Book (P/B): 2.98
• Price to Sales (P/S): 1.59
• P/FCF Ratio: 54.01
• 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: ₹919.00
• Price Target Upside: 11.04% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 65 Neutral
• Price Target: ₹919.00 ▲(11.04% Upside)

Welspun Corp Limited's strong financial performance and reasonable valuation are offset by bearish technical indicators. The company's profitability and stable balance sheet are positive, but recent revenue declines and cash flow volatility are concerns. The stock's current technical setup suggests caution.

Welspun Corp Limited Business Overview & Revenue Model

Company Description

Welspun Corp Limited, together with its subsidiaries, manufactures and sells steel pipes and coatings, plates, and coils in the United States, Saudi Arabia, and India. The company offers helically, longitudinally, and electric resistance welded pipes; pig iron and ductile iron pipes; billets and thermo mechanically treated rebars; stainless steel pipes, tubes, and bars, as well as double jointing, pipe bending, ID machining, and dump site and inventory management services. Its products are used in onshore and offshore oil, gas, and water transmission; downstream oil and gas distribution; anti-corrosion; infrastructure and housing construction; potable water distribution; petrochemicals, nuclear power, fertilizers, energy and power, defense, railways, and aerospace; and forging and engineering industries. The company was formerly known as Welspun Gujarat Stahl Rohren Limited and changed its name to Welspun Corp Limited in April 2010. Welspun Corp Limited was incorporated in 1995 and is based in Mumbai, India.

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. Despite a recent dip in revenue and fluctuations in free cash flow, the company's overall financial health remains robust. Attention to managing liabilities and ensuring consistent cash flow growth will be crucial for sustaining financial stability.

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	143.92B	139.78B	173.40B	97.04B	65.05B	69.92B
Gross Profit	47.60B	37.53B	51.63B	9.32B	7.44B	10.98B
EBITDA	29.85B	23.24B	20.57B	8.01B	10.22B	12.89B
Net Income	20.10B	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	17.58B	18.02B	14.73B	20.72B	21.33B	13.46B
Total Debt	0.00	11.04B	19.49B	33.62B	20.57B	9.70B
Total Liabilities	-77.29B	75.08B	61.16B	104.95B	46.41B	34.82B
Stockholders Equity	77.29B	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: Negative
• Last Price: 827.65
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• 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 Negative. The current price of 827.65 is below the 20-day moving average (MA) of 857.47, below the 50-day MA of 867.57, and below the 200-day MA of 832.72, indicating a bearish trend. The MACD of -12.44 indicates Positive momentum. The RSI at 38.88 is Neutral, neither overbought nor oversold. The STOCH value of 18.36 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:WELCORP.

Welspun Corp Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JINDALSAW	77 Outperform	₹128.73B	9.34	―	1.05%	-13.69%	-30.57%
VENUSPIPES	70 Outperform	₹26.88B	29.72	―	0.08%	15.31%	-6.80%
RATNAMANI	69 Neutral	₹162.12B	28.41	―	0.58%	1.71%	-3.94%
MANINDS	67 Neutral	₹29.84B	16.02	―	0.85%	2.59%	33.99%
WELCORP	65 Neutral	₹218.17B	10.81	―	0.60%	-12.29%	68.04%
MAHSEAMLES	65 Neutral	₹77.76B	8.85	―	1.76%	-1.30%	0.51%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

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.