Welspun Corp Limited (IN:WELCORP)
:WELCORP
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Welspun Corp Limited
(WELCORP)
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Rating:69Neutral
Price Target:
₹1,342.00
▲(67.19% Upside)
Action:ReiteratedDate:04/17/26
The score is driven primarily by solid underlying financial performance (strong margins and stable leverage) despite revenue softness and volatile free cash flow. Technically, the stock is in a strong uptrend but appears overextended on RSI/Stoch, increasing near-term pullback risk. Valuation is reasonable on P/E, but the low dividend yield reduces support.
Positive Factors
Strong Profitability
Consistently strong net profit and EBIT margins reflect durable operating effectiveness and pricing or cost control advantages. Higher margins support internal reinvestment, resilience to cyclical revenue swings, and the ability to bid competitively on large projects over the medium term.
Negative Factors
Revenue Decline / Demand Softness
A year-over-year revenue decline signals potential softness in order intake or delayed project awards. Because revenues are project and tender-driven, sustained top-line pressure can reduce utilization and operating leverage for several quarters, stressing medium-term growth prospects.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Profitability
Consistently strong net profit and EBIT margins reflect durable operating effectiveness and pricing or cost control advantages. Higher margins support internal reinvestment, resilience to cyclical revenue swings, and the ability to bid competitively on large projects over the medium term.
Read all positive factors
Welspun Corp Limited (WELCORP) vs. iShares MSCI India ETF (INDA)
Market Cap
₹319.54B
Dividend Yield0.61%
Average Volume (3M)18.13K
Price to Earnings (P/E)11.9
Beta (1Y)1.31
Revenue Growth12.88%
EPS Growth30.89%
CountryIN
Employees5,213
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)17.25
Shares Outstanding263,790,650
10 Day Avg. Volume15,101
30 Day Avg. Volume18,125
Financial Highlights & Ratios
PEG Ratio0.16
Price to Book (P/B)2.98
Price to Sales (P/S)1.67
P/FCF Ratio54.01
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)68.71
Revenue Forecast (FY)₹208.37B
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 pi...
How the Company Makes Money
Welspun Corp makes money mainly by manufacturing and selling steel pipes and providing allied services tied to pipeline projects. Its core revenue stream comes from executing customer orders (typically project-based, tender-driven contracts) for l...
Welspun Corp Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
68
Positive
Cash Flow
65
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 148.08B | 133.22B | 168.96B | 94.87B | 63.29B | 67.89B |
| Gross Profit | 43.76B | 39.65B | 43.27B | 20.68B | 14.38B | 18.79B |
| EBITDA | 31.78B | 29.24B | 20.57B | 8.63B | 10.09B | 14.10B |
| Net Income | 21.63B | 19.08B | 11.10B | 2.07B | 4.39B | 7.68B |
Balance Sheet | ||||||
| Total Assets | 165.39B | 152.37B | 118.50B | 153.39B | 91.69B | 76.92B |
| Cash, Cash Equivalents and Short-Term Investments | 13.77B | 18.02B | 14.73B | 20.72B | 21.33B | 13.46B |
| Total Debt | 15.45B | 11.04B | 19.49B | 33.62B | 20.57B | 9.70B |
| Total Liabilities | 78.24B | 75.08B | 61.16B | 104.95B | 46.41B | 34.82B |
| Stockholders Equity | 81.95B | 74.63B | 56.16B | 47.32B | 44.28B | 40.83B |
Cash Flow | ||||||
| Free Cash Flow | -11.00B | 4.12B | 10.07B | -13.79B | -7.61B | 4.55B |
| Operating Cash Flow | -988.20M | 12.65B | 13.06B | -1.85B | 2.18B | 7.74B |
| Investing Cash Flow | -6.80B | 1.16B | 3.67B | -4.17B | -2.09B | -8.45B |
| Financing Cash Flow | 1.89B | -10.66B | -18.77B | 9.09B | 4.53B | -1.98B |
Welspun Corp Limited Technical Analysis
Positive
802.70
Price Trends
840.53
Positive
819.79
Positive
853.96
Positive
Market Momentum
64.58
Negative
81.76
Negative
96.29
Negative
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 802.7 is below the 20-day moving average (MA) of 887.53, below the 50-day MA of 840.53, and below the 200-day MA of 853.96, indicating a bullish trend. The MACD of 64.58 indicates Negative momentum. The RSI at 81.76 is Negative, neither overbought nor oversold. The STOCH value of 96.29 is Negative, 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹42.05B | 13.17 | ― | ― | 17.03% | 57.02% | |
72 Outperform | ₹29.63B | 23.46 | ― | 0.08% | 21.45% | 5.07% | |
70 Outperform | ₹156.71B | 11.99 | ― | 1.18% | -14.08% | -44.01% | |
69 Neutral | ₹319.54B | 11.86 | ― | 0.61% | 12.88% | 30.89% | |
68 Neutral | ₹86.67B | 7.74 | ― | 1.82% | -5.01% | 11.50% | |
68 Neutral | ₹188.81B | 37.97 | ― | 0.60% | 3.17% | 10.59% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
* Basic Materials Sector Average
IN:WELCORP
Welspun Corp Limited
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66.03%
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Welspun Corp Limited Corporate Events
Welspun Corp Delays Intra-Group Stake Buy to Streamline Overseas Structure
Mar 31, 2026
Welspun Corp Limited has postponed the completion of its planned acquisition of approximately 2.57% equity in its subsidiary Welspun Mauritius Holdings Limited from U.S.-based wholly owned unit Welspun Pipes Inc. The deal, originally slated to clo...
Welspun Corp Shifts Saudi Pipe Stake in SAR 980 Million Intragroup Deal
Mar 24, 2026
Welspun Corp has executed an intragroup transfer of 6,930,000 shares, representing a 22% stake in East Pipes Integrated Company for Industry, from Welspun Mauritius Holdings to U.S.-based Welspun Pipes Inc for about SAR 979.90 million in cash on t...
Welspun Corp Buys Stake in Group Services Arm, Ups Renewable Energy Commitment
Mar 19, 2026
Welspun Corp Limited’s board has approved the acquisition of 4,500 equity shares in Welspun Corporate Services Limited, representing a 45% stake, which will make it an associate company while the remaining 55% will be held by other Welspun G...
Welspun Corp Buys Stake in Group Services Arm, Ups Spend on Renewable Power Access
Mar 19, 2026
Welspun Corp Limited’s board has approved the acquisition of 4,500 equity shares in Welspun Corporate Services Limited, equal to 45% of its paid-up equity capital, with the remaining 55% to be taken up by other Welspun Group entities. This m...
Welspun Corp to Join Arihant Capital’s Bharat Connect Investor Conference
Mar 4, 2026
Welspun Corp Limited has notified the stock exchanges that its representatives will participate in an investor conference organized by Arihant Capital on 10 March 2026, branded as the Bharat Connect Conference: Rising Stars. The company emphasized...
Welspun Corp Opens Special Window for Re‑lodgement of Physical Share Transfers
Feb 27, 2026
Welspun Corp Limited has notified stock exchanges that it has published newspaper advertisements in Financial Express and regional Gujarati dailies to inform shareholders about a special window for re-lodgement of transfer requests for physical sh...
Welspun Corp Sets Up UAE Subsidiary to Drive Global Marketing and Trade
Feb 25, 2026
Welspun Corp Limited has incorporated a wholly owned subsidiary, Welspun International FZCO, in the Dubai Multi Commodities Centre free trade zone in the United Arab Emirates. The new entity has been capitalised with AED 1 million and is fully own...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.