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Welspun Corp Ltd.

Iron & SteelSteel & Iron Products

www.welspuncorp.com BSE: 532144NSE: WELCORP

₹2,599.25BSE1.01%

07 Sep, 4:01 PM

₹2,599.25

₹68.57K Cr

29.69

7.16

19.55%

₹2,673.80

₹2,539.05

₹2,676.00

₹709.75

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Price Performance

Peer Comparison

Name
JSWSL JSWSTEEL	1,303.70	12.86	3,18,813.83	0.54	4,696.00	112.58%	47,364.00	9.77%	20.67
TATA STEEL TATASTEEL	185.50	20.99	2,31,568.11	2.16	2,385.24	18.82%	60,794.29	14.32%	12.70
STEEL AUTH. SAIL	187.90	18.17	77,612.57	1.25	1,644.05	120.80%	26,245.67	1.25%	7.08
Welspun Corp Ltd. WELCORP	2,599.25	29.69	68,565.78	0.19	1,047.88	200.11%	4,081.12	14.91%	23.94
APL APOLLO APLAPOLLO	2,201.00	49.72	61,112.61	0.39	263.11	10.94%	5,606.71	8.45%	31.83
JSL JSL	735.50	18.70	60,636.06	0.54	768.66	7.56%	11,278.54	10.50%	19.19
SHYAMMETL SHYAMMETL	1,085.45	26.90	30,298.37	0.42	350.73	20.66%	5,455.09	23.33%	13.88
JINDAL SAW JINDALSAW	308.55	30.24	19,732.03	0.65	90.79	-78.15%	4,452.31	9.00%	10.38

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	4,461.17	3,137.23	3,301.83	3,613.51	3,924.97	3,551.49	4,373.61	4,532.48	4,312.56	4,081.12
Expenses	4,131.02	2,763.28	2,902.23	3,179.06	3,464.79	3,026.48	3,782.51	3,916.75	3,808.76	3,388.78
	330.15	373.95	399.60	434.45	460.18	525.01	591.10	615.73	503.80	692.34
	7.40%	11.92%	12.10%	12.02%	11.72%	14.78%	13.52%	13.58%	11.68%	16.96%
	82.53	42.44	51.46	43.18	518.39	35.03	35.05	29.56	35.61	63.79
Interest	74.58	66.39	83.46	82.26	87.54	63.18	49.38	50.66	48.95	45.18
	86.77	84.83	89.21	90.04	86.99	84.78	84.20	92.54	93.03	124.58
	347.11	305.24	352.02	749.39	855.23	461.05	588.49	592.96	504.01	1,207.13
	17.24%	18.77%	19.62%	10.30%	18.25%	24.27%	24.64%	23.04%	26.30%	13.19%
	268.48	248.18	286.95	674.70	698.31	350.42	439.68	452.59	370.36	1,046.49
	10.26	9.46	10.94	25.72	26.62	13.31	16.68	17.16	14.04	39.67

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
INCOME :
	6,508.82	9,758.10	17,382.71	14,010.90	16,805.84
	6,505.11	9,758.10	17,339.60	13,977.54	16,770.14
EXPENDITURE :
Increase/Decrease in Stock	452.95	-1,639.01	1,365.37	-737.77	-605.04
Raw Material Consumed	4,305.09	8,799.09	10,734.15	9,608.06	10,863.27
Power & Fuel Cost	162.39	399.51	540.99	529.22	535.93
Employee Cost	383.48	541.05	937.64	1,003.02	1,246.46
Other Manufacturing Expenses	518.25	848.91	1,675.16	1,402.12	1,838.38
General and Administration Expenses	155.37	215.64	273.46	329.61	345.78
Selling and Distribution Expenses	10.59	49.47	101.08	57.08	118.07
Miscellaneous Expenses	54.97	95.95	157.08	118.02	225.09
	6,043.09	9,310.61	15,784.93	12,309.36	14,567.94
Operating Profit (Excl OI)	462.02	447.49	1,554.67	1,668.18	2,202.20
	560.90	357.06	249.22	189.79	168.69
	1,022.92	804.55	1,803.89	1,857.97	2,370.89
Interest	101.89	243.16	304.38	319.65	212.17
PBDT	921.03	561.39	1,499.51	1,538.32	2,158.72
	254.75	302.97	347.87	351.07	354.55
Profit Before Taxation & Exceptional Items	666.28	258.42	1,151.64	1,187.25	1,804.17
Exceptional Income / Expenses				465.68
	660.56	333.63	1,413.48	2,261.88	2,146.51
Provision for Tax	216.39	134.46	277.48	359.60	526.02
	444.17	199.17	1,136.00	1,902.28	1,620.49
Extra items				0.00	0.00
Minority Interest	-5.36	7.52	-25.60	5.86	-7.44
Consolidated Net Profit	438.81	206.69	1,110.40	1,908.14	1,613.05
Profit Balance B/F	2,519.69	2,825.52	2,901.12	3,398.87	5,167.62
Appropriations	2,958.50	3,032.21	4,011.52	5,307.01	6,780.67
Equity Dividend %	100.00%	100.00%	100.00%	100.00%	100.00%
	16.82	7.90	42.44	72.74	61.15
Adjusted EPS	16.82	7.90	42.44	72.74	61.15

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	130.48	130.77	130.83	131.17	131.90
Share Warrants & Outstandings	10.08	13.19	20.27	35.56	4.87
Total Reserves	4,287.76	4,588.09	5,465.19	7,295.99	9,018.79
Reserve excluding Revaluation Reserve	4,287.76	4,588.09	5,465.19	7,295.99	9,018.79
	4,428.32	4,732.05	5,616.29	7,462.72	9,155.56
Minority Interest	99.23	112.09	118.18	266.03	250.30
Secured Loans	887.81	1,869.58	1,563.70	402.25	1,557.73
Unsecured Loans	541.61	56.66	58.67	60.92	40.00
Deferred Tax Assets / Liabilities	138.38	113.76	253.73	319.46	558.72
Other Long Term Liabilities	111.73	196.61	211.02	341.39	468.26
Long Term Provisions	5.89	27.71	14.95	26.33	19.46
Total Non-Current Liabilities	1,685.42	2,264.32	2,102.07	1,150.35	2,644.17
Trade Payables	984.00	2,574.22	2,240.86	3,224.50	3,322.82
Other Current Liabilities	755.32	4,424.96	882.36	2,278.93	3,843.72
Short Term Borrowings	545.60	425.70	116.99	172.33	513.88
Short Term Provisions	822.27	859.79	926.32	991.90	966.93
Total Current Liabilities	3,107.19	8,284.67	4,166.53	6,667.66	8,647.35
Total Liabilities	9,320.16	15,393.13	12,003.07	15,546.76	20,697.38
Gross Block	4,617.84	7,417.16	7,629.14	7,896.42	10,230.02
Less: Accumulated Depreciation	2,200.24	2,560.74	2,893.83	3,252.61	3,755.06
Net Block	2,417.60	4,856.42	4,735.31	4,643.81	6,474.96
Capital Work in Progress	1,260.37	86.90	85.06	785.37	1,232.92
Non Current Investments	813.54	561.15	651.33	854.99	1,045.81
Long Term Investment	813.54	561.15	651.33	854.99	1,045.81
Long Term Loans & Advances	329.91	45.64	165.97	173.20	388.15
Other Non Current Assets	14.68	19.61	23.07	242.19	85.77
Total Non-Current Assets	4,852.64	5,623.28	5,726.81	6,764.22	9,297.29
Currents Investments	1,493.18	976.02	449.00	546.58	817.69
Inventories	1,019.46	5,686.16	2,315.56	4,211.54	4,655.66
Sundry Debtors	812.56	1,140.47	1,799.09	1,769.13	1,718.93
Cash and Bank	701.48	1,202.29	1,071.76	1,255.35	2,971.93
Other Current Assets	76.85	145.75	98.21	132.57	232.54
Short Term Loans and Advances	362.46	617.51	541.94	861.77	1,003.20
Total Current Assets	4,465.99	9,768.20	6,275.56	8,776.94	11,399.95
Net Current Assets (Including Current Investments)	1,358.80	1,483.53	2,109.03	2,109.28	2,752.60
Total Assets	9,320.16	15,393.13	12,003.07	15,546.76	20,697.38
Contingent Liabilities	264.81	278.48	270.77	251.44	268.01
Total Debt	2,021.44	3,316.21	1,907.87	923.71	2,162.54
	169.31	180.43	213.87	283.11	346.88
Adjusted Book Value	169.31	180.43	213.87	283.11	346.88

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
	660.56	333.63	1,413.48	2,261.88	2,146.51
Adjustment	-165.51	96.76	205.82	-526.47	199.54
Changes In working Capital	-125.28	-496.04	-123.62	108.80	1,155.69
Cash Flow after changes in Working Capital	369.77	-65.65	1,495.68	1,844.21	3,501.74
Cash Flow from Operating Activities	218.47	-185.13	1,305.99	1,503.67	3,204.28
Cash Flow from Investing Activities	-209.09	-416.66	367.40	180.22	-3,722.80
Cash Flow from Financing Activitie	452.74	908.76	-1,876.79	-1,369.08	875.09
Net Cash Inflow / Outflow	462.12	306.97	-203.40	314.81	356.57
Opening Cash & Cash Equivalents	169.80	640.21	1,016.35	818.73	1,147.12
Cash & Cash Equivalent on Amalgamation / Take over / Merger		42.61		-4.49
Effect of Foreign Exchange Fluctuations	8.29	26.55	5.78	18.07	8.90
Closing Cash & Cash Equivalent	640.21	1,016.34	818.73	1,147.12	1,512.59

Ratios

Valuation

29.69

7.16

26.40

3.96

87.54

363.08

Profitability

19.55

23.94

8.94

13.10

9.64

Leverage & Liquidity

0.24

1.32

11.12

Returns

0.19

0.93

Shareholding Pattern

Numbers in percentages

Particulars	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26
	50.03	50.01	50.01	50.01	49.84	49.77	49.73	49.73	49.73
	20.26	23.06	25.82	26.48	26.64	26.44	25.85	26.27	29.25
	29.71	26.94	24.18	23.51	23.52	23.79	24.43	23.99	21.01
	49.97	49.99	49.99	49.99	50.16	50.23	50.27	50.27	50.27
No. of Shareholders	1,23,491	1,16,485	1,17,368	1,28,471	1,28,466	1,31,026	1,31,326	1,22,338	1,38,939

Corporate Actions

Showing: All

Date	Type	Details	Ex-Date	Record Date
2026-07-16	Board Meeting	Quarterly Results
2026-06-19	AGM
2026-05-21	Ex Dividend	Rs.5.0000 per share(100%)Final Dividend	2026-06-30	2026-06-30

Insider Trading

Date	Person	Category	Transaction Type	Shares	Value (₹)

No insider trading data available.

Sector Overview

Iron & SteelSteel & Iron Products

Welspun Corp Ltd. operates in the Iron & Steel sector under the Steel & Iron Products industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

12 members across the board and senior leadership

Kamal Rathi

Company Secretary & Compliance Officer

—

Balkrishan Goenka

Chairman

₹21.34 Cr

Mar '26

Rajesh R Mandawewala

Non Independent & Non Executive Director

—

Vipul Mathur

Managing Director & CEO

₹8.80 Cr

Mar '26

Aneesh Misra

Non Independent & Non Executive Director

₹40.00 L

Mar '26

Anjani Kumar Agrawal

Non Executive Independent Director

₹60.00 L

Mar '26

Dipali Sheth

Non Executive Independent Director

₹40.00 L

Mar '26

Chandra Shekhar Verma

Non Executive Independent Director

₹12.00 L

Mar '25

Manish Chokhani

Non Executive Independent Director

₹40.00 L

Mar '26

Raghupal Singh

Non Independent & Non Executive Director

₹40.00 L

Mar '26

Ravindra Pandey

Non Executive Independent Director

₹40.00 L

Mar '26

Chadra Shekhar Verma

Non Executive Independent Director

₹40.00 L

Mar '26

WELCORP Latest News

News

10 of 10 articles

EQUITY27 Aug 2026 · 17:01

Welspun Corp informs about SAST updates

EQUITY27 Aug 2026 · 10:24

Weispun Corp informs about disclosure

EQUITY21 Aug 2026 · 11:52

Welspun Corp hits 52-week high on winning Rs 17,200 crore order for supply of pipes

With this order, the company's global order book stands at a record $4.4 billion (around Rs 42,100 crore)

COMPANY21 Aug 2026 · 11:42

Welspun Corp wins Rs 17,200 crore order for supply of pipes

With this order, the company's global order book stands at a record $4.4 billion (around Rs 42,100 crore)

EQUITY21 Aug 2026 · 11:07

Welspun Corp informs about investor call

EQUITY27 Jul 2026 · 11:21

Welspun Corp moves up on bagging new order worth Rs 960 crore

The company’s consolidated global order book stands at around Rs 25,750 crore

COMPANY27 Jul 2026 · 10:46

Welspun Corp bags new order worth Rs 960 crore

The company’s consolidated global order book stands at around Rs 25,750 crore

EQUITY27 Jul 2026 · 09:35

Welspun Corp informs about award of order

EQUITY14 Jul 2026 · 15:19

Welspun Corp surges on bagging large orders worth Rs 1,400 crore

The company’s consolidated global order book has scaled to Rs 23,650 crore

COMPANY14 Jul 2026 · 15:00

Welspun Corp bags large orders worth Rs 1,400 crore

The company’s consolidated global order book has scaled to Rs 23,650 crore

WELCORP

₹2,599.25

+1.01%