Welspun Corp Limited (IN:WELCORP)
:WELCORP
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Welspun Corp Limited
(WELCORP)
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Rating:66Neutral
Price Target:
₹874.00
▲(8.88% Upside)
Action:ReiteratedDate:02/04/26
The score is driven primarily by solid financial performance (strong profitability and stable leverage) and supportive valuation (low P/E). These positives are tempered by mixed technicals (negative MACD and price below longer-term moving averages) and risks around revenue decline, rising liabilities, and volatile/free cash flow.
Positive Factors
Profitability and margins
Consistently strong net profit and EBIT margins signal durable operational efficiency and cost control. High margins provide buffer through commodity cycles, support reinvestment into capacity and coatings capabilities, and make earnings less sensitive to short-term price swings.
Negative Factors
Free cash flow volatility
Material FCF volatility undermines the company’s ability to self-fund capex, smooth dividends, and absorb project timing variability. For a project-driven business, inconsistent free cash generation raises reliance on external financing and increases execution risk on large, multi-year contracts.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability and margins
Consistently strong net profit and EBIT margins signal durable operational efficiency and cost control. High margins provide buffer through commodity cycles, support reinvestment into capacity and coatings capabilities, and make earnings less sensitive to short-term price swings.
Read all positive factors
Welspun Corp Limited (WELCORP) vs. iShares MSCI India ETF (INDA)
Market Cap
₹247.29B
Dividend Yield0.61%
Average Volume (3M)18.13K
Price to Earnings (P/E)11.9
Beta (1Y)1.31
Revenue Growth-1.19%
EPS Growth96.91%
CountryIN
Employees5,213
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)17.30
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)68.03
Revenue Forecast (FY)₹209.36B
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 generates revenue primarily through the sale of its core products, which include steel pipes, plates, and related services. The company has a strong revenue model based on both domestic and international sales, providing products to m...
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
806.61
Positive
813.45
Positive
850.31
Positive
Market Momentum
20.44
Negative
70.41
Negative
94.58
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 824.44, below the 50-day MA of 806.61, and below the 200-day MA of 850.31, indicating a bullish trend. The MACD of 20.44 indicates Negative momentum. The RSI at 70.41 is Negative, neither overbought nor oversold. The STOCH value of 94.58 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | ₹32.85B | 13.17 | ― | ― | 10.26% | 46.49% | |
69 Neutral | ₹127.97B | 10.37 | ― | 1.18% | -13.69% | -30.57% | |
68 Neutral | ₹81.73B | 7.74 | ― | 1.82% | 0.81% | -7.11% | |
68 Neutral | ₹161.53B | 37.97 | ― | 0.60% | 9.51% | 14.31% | |
66 Neutral | ₹247.29B | 11.86 | ― | 0.61% | -1.19% | 96.91% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | ₹23.31B | 23.46 | ― | 0.08% | 17.45% | -7.82% |
* Basic Materials Sector Average
IN:WELCORP
Welspun Corp Limited
937.45
191.23
25.63%
IN:JINDALSAW
Jindal Saw Limited
200.10
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IN:MAHSEAMLES
Maharashtra Seamless Limited
610.00
-12.94
-2.08%
IN:MANINDS
Man Industries (India) Limited
437.90
174.90
66.50%
IN:RATNAMANI
Ratnamani Metals & Tubes Ltd.
2,304.50
-311.22
-11.90%
IN:VENUSPIPES
Venus Pipes & Tubes Ltd.
1,125.15
-46.01
-3.93%
Welspun Corp Limited Corporate Events
Welspun Corp to Take Full Direct Control of Mauritius Holding Arm in $5.96 Million Internal Deal
Jan 17, 2026
Welspun Corp Limited’s board has approved the acquisition of an additional 2.57% equity stake in its Mauritius-based subsidiary, Welspun Mauritius Holdings Limited, from its wholly owned US unit Welspun Pipes Inc. for up to USD 5.962 million...
Welspun Corp to Take Direct Full Ownership of Mauritius Holding Arm in Internal Restructuring
Jan 17, 2026
Welspun Corp’s board has approved the acquisition of approximately 2.57% equity in its subsidiary Welspun Mauritius Holdings Limited (WMHL) from its wholly owned US subsidiary, Welspun Pipes Inc., for up to USD 5.962 million in cash, which w...
Welspun Corp Files SEBI Dematerialisation Compliance Certificate for December Quarter
Jan 8, 2026
Welspun Corp Limited has submitted a compliance certificate to the BSE and NSE for the quarter from October 1 to December 31, 2025, in line with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate from i...
Welspun Corp Wins New Americas Export Order, Lifts Global Order Book to Rs 23,460 Crore
Jan 7, 2026
Welspun Corp Limited has secured a new export order for the supply of large diameter coated line pipes to customers in the Americas, reinforcing its position in international pipeline infrastructure markets. Following this contract, additional ord...
Welspun Corp Expands with New Subsidiary in Gift City
Dec 10, 2025
Welspun Corp Limited has announced the incorporation of a new step-down wholly owned subsidiary, Welspun Global IFSC Limited (WGIFSC), in Gujarat International Finance Tec-City (Gift City), Gujarat, India. This strategic move aims to enhance the c...
Welspun Corp Initiates Arbitration Over Lost Investment Opportunity
Nov 25, 2025
Welspun Corp Limited has initiated arbitration proceedings against Wasco Coatings Limited and Wasco Energy Limited, subsidiaries of Malaysia-based Wasco Berhad, due to a breach of a Shareholders’ Agreement. The dispute centers on Wasco Coati...
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.