Welspun Corp Ltd.

NSE: WELCORP · Capital Goods

₹2,204.90-7.57%06 Nov 2026

Ask the data

Instant answers about Welspun Corp Ltd. — computed from its filings, no language model

Market cap₹58,165 cr

Current price₹2,204.90

High / Low₹2,842 / ₹722

P/E24.6

P/B5.47

Book value₹402.8

ROE22.3%

ROCE19.8%

Debt / equity0.09

Dividend yield0.23%

EPS (TTM)₹89.76

Face value₹5

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 9 periods

	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	7,587	8,953	9,957	6,440	6,505	9,758	17,340	13,978	16,770
EBITDA	684	573	1,160	774	472	485	1,561	1,668	2,236
Operating margin	9.0%	6.4%	11.6%	12.0%	7.3%	5.0%	9.0%	11.9%	13.3%
Interest	185	177	144	68	102	243	304	320	212
Depreciation	379	260	233	215	255	303	348	351	355
Profit before tax	250	271	899	728	666	258	1,152	1,653	1,804
Tax	11	122	412	221	216	134	277	360	526
Net profit	153	0	654	619	439	207	1,110	1,908	1,613
EPS ₹	5.97	2.57	24.12	23.72	16.82	7.91	42.45	72.80	61.23
Operating cash flow	—	—	—	—	218	-185	1,306	1,504	3,204
Capex	—	—	—	—	979	1,194	299	853	2,532
Dividend paid	—	—	—	—	165	130	131	131	132
Total assets	7,693	8,200	7,943	7,692	9,169	15,339	11,850	15,237	20,434
Equity	2,854	2,798	3,215	4,083	4,428	4,732	5,616	7,463	9,156

Quarterly performance

last 33 quarters · ₹ crore

showing latest 8 of 33 periods

	MAR '18	JUN '18	SEP '18	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	MAR '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25*	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	1,659	2,023	2,355	2,658	2,756	2,047	2,263	2,888	2,759	2,069	1,158	1,393	1,819	1,299	1,306	2,011	1,964	2,402	4,070	4,069	4,059	4,750	4,461	3,137	3,302	3,614	311	3,551	4,374	4,532	4,313	4,081	4,644
Operating profit	123	158	153	183	32	200	292	367	302	181	171	186	230	165	143	71	-131	166	421	369	400	463	330	374	400	434	26	525	591	616	504	692	727
Operating margin	7.4%	7.8%	6.5%	6.9%	1.2%	9.8%	12.9%	12.7%	10.9%	8.7%	14.8%	13.4%	12.6%	12.7%	10.9%	3.5%	-6.7%	6.9%	10.3%	9.1%	9.8%	9.7%	7.4%	11.9%	12.1%	12.0%	8.3%	14.8%	13.5%	13.6%	11.7%	17.0%	15.6%
Other income	35	62	85	40	9	42	39	19	16	16	69	66	91	38	52	402	177	8	62	50	102	8	83	42	62	43	-1	35	35	30	36	64	55
Interest	41	42	51	47	54	39	34	34	36	28	15	13	11	17	18	30	47	70	95	92	75	62	75	66	83	82	5	63	49	51	49	45	38
Depreciation	91	96	95	94	61	54	61	59	59	53	52	54	55	55	54	63	70	80	91	86	86	90	87	85	89	90	-3	85	84	93	93	125	129
Profit before tax	26	82	92	82	-74	148	236	292	223	115	173	185	254	131	123	380	-58	53	297	240	341	319	251	265	278	305	499	412	493	502	397	586	614
Tax	8	11	4	30	46	38	115	96	164	78	63	66	13	36	33	130	5	30	85	60	79	79	60	57	69	77	79	112	145	137	133	159	160
Net profit	-8	44	56	30	0	118	156	227	147	52	149	206	219	97	85	236	-57	23	236	165	385	292	268	248	287	675	24	350	440	453	370	1,046	499
EPS ₹	-0.17	1.76	2.21	1.14	4.71	4.46	5.86	8.57	5.30	2.00	5.72	7.63	8.38	3.74	3.25	9.05	-2.16	0.89	9.02	6.32	14.71	11.16	10.26	9.49	10.97	25.73	0.90	13.32	16.70	17.17	14.04	39.68	18.91
Revenue YoY	—	—	—	—	66.1%	1.2%	-3.9%	8.7%	0.1%	1.1%	-48.8%	-51.7%	-34.1%	-37.2%	12.8%	10.5%	50.4%	—	102.4%	—	106.7%	97.7%	9.6%	-22.9%	-18.7%	-23.9%	-93.0%	13.2%	32.5%	25.4%	1284.6%	14.9%	6.2%
Profit YoY	—	—	—	—	—	170.6%	178.7%	655.4%	—	-56.1%	-4.1%	-9.3%	48.6%	87.8%	-43.1%	8.0%	-166.7%	—	-0.1%	—	—	1155.9%	13.8%	50.1%	-25.4%	131.2%	-91.2%	41.2%	53.2%	-32.9%	1468.7%	198.6%	13.4%

Earlier results (standalone, Sep '07 – Dec '17)

₹ crore · from BSE, before the NSE XBRL filings begin

Welspun Corp Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†
Revenue	5,723	6,635	4,868	4,949	3,785	4,483
Operating profit	291	372	247	283	177	502
Operating margin	5.1%	5.6%	5.1%	5.7%	4.7%	11.2%
Other income	131	298	200	147	128	213
Interest	162	299	224	213	193	207
Depreciation	184	229	226	243	248	244
Profit before tax	76	88	-3	-26	-134	264
Tax	11	35	-2	-10	-41	89
Net profit	65	53	-1	-16	-93	175

Quarters

showing latest 8 of 39 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	JUN '09†	SEP '09†	DEC '09†	JUN '10†	SEP '10†	DEC '10†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†
Revenue	928	1,036	1,228	1,090	1,493	1,457	1,880	1,813	1,520	2,041	1,418	1,135	1,490	974	1,385	1,873	1,819	1,606	1,604	1,605	1,261	1,346	1,069	1,193	652	1,258	1,256	1,783	1,351	1,018	599	818	1,181	609	984	1,708	1,343	1,301	1,425
Operating profit	153	174	196	174	157	143	303	293	258	335	141	168	168	10	-67	180	82	86	57	147	-27	46	49	178	-12	53	68	174	95	82	-29	29	93	16	151	242	213	38	87
Operating margin	16.5%	16.8%	16.0%	16.0%	10.5%	9.8%	16.1%	16.2%	17.0%	16.4%	9.9%	14.8%	11.3%	1.1%	-4.8%	9.6%	4.5%	5.3%	3.6%	9.2%	-2.1%	3.4%	4.6%	15.0%	-1.8%	4.2%	5.4%	9.7%	7.0%	8.0%	-4.8%	3.6%	7.9%	2.6%	15.4%	14.2%	15.9%	2.9%	6.1%
Other income	2	2	11	6	4	5	4	3	4	5	3	4	11	21	23	75	62	55	92	88	54	30	35	81	26	28	30	63	25	27	54	23	39	37	26	111	62	38	17
Interest	17	14	35	44	31	48	62	48	32	19	27	33	25	25	36	76	85	64	87	63	55	58	54	56	52	53	56	52	52	48	46	47	48	52	51	56	44	44	27
Depreciation	13	14	18	29	30	32	36	38	37	40	41	42	45	43	47	50	56	55	59	59	57	58	60	51	64	50	61	68	64	64	59	61	57	61	64	62	60	62	59
Profit before tax	126	148	154	107	99	68	209	211	192	282	75	96	110	-36	-126	129	3	22	3	60	-85	-40	-30	152	-101	-22	-20	117	4	-4	-79	-56	28	-61	62	235	171	-30	18
Tax	43	50	52	36	34	23	71	71	65	92	24	31	34	-13	-33	23	0	5	-5	35	-30	-14	-12	54	-32	-10	-7	40	8	-1	-27	-20	9	-21	19	82	59	-12	7
Net profit	82	97	102	71	65	45	138	140	128	190	50	65	75	-23	-93	106	3	17	8	25	-56	-26	-18	98	-69	-12	-13	77	-3	-2	-52	-36	19	-39	42	153	112	-19	10
EPS ₹	5.06	5.68	5.95	3.89	3.50	2.43	7.41	7.51	6.60	9.27	2.46	3.19	3.69	-1.08	-4.07	4.64	0.13	0.74	0.37	1.02	-2.12	-0.97	-0.68	3.74	-2.62	-0.44	-0.48	2.94	-0.13	-0.09	-1.96	-1.36	0.71	-1.49	1.59	5.76	4.23	-0.70	0.39
Revenue YoY	—	—	—	—	60.9%	40.5%	72.4%	21.5%	4.4%	8.6%	-21.8%	-25.3%	-27.0%	-31.3%	22.0%	—	22.1%	64.8%	15.8%	-14.3%	-30.7%	-16.2%	-33.4%	-25.7%	-48.3%	-6.5%	17.5%	49.5%	107.3%	-19.1%	-52.3%	-54.1%	-12.5%	-40.1%	64.2%	108.7%	13.7%	113.5%	44.8%
Profit YoY	—	—	—	—	-20.8%	-53.5%	94.3%	114.7%	181.9%	37.2%	-64.1%	-49.0%	-60.2%	-146.4%	-242.4%	—	-96.1%	—	—	-76.5%	-2003.4%	-250.7%	-316.2%	294.9%	—	—	—	-21.3%	—	—	—	-146.4%	—	—	—	—	493.4%	—	-75.5%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 26 periods

	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	4.3%	4.6%	7.3%	10.9%	17.9%	20.2%	18.1%	17.9%	17.2%	15.3%	16.4%	14.9%	7.8%	16.0%	21.3%	19.8%	21.2%	18.1%	24.5%	16.5%	17.9%	18.2%	15.5%	17.6%	25.2%	22.3%
ROCE	11.2%	9.3%	10.8%	14.0%	18.8%	26.1%	25.0%	23.0%	19.8%	15.8%	15.9%	14.9%	10.4%	18.1%	21.8%	19.4%	19.3%	17.3%	17.3%	18.9%	20.6%	20.0%	21.7%	17.8%	19.2%	19.8%
Net margin	1.4%	1.3%	2.1%	3.1%	5.0%	6.5%	5.8%	6.5%	7.5%	9.7%	11.8%	10.4%	2.9%	5.5%	6.4%	6.4%	7.3%	7.0%	10.2%	11.9%	12.4%	12.6%	9.9%	9.6%	13.3%	13.5%
EBITDA margin	7.1%	5.4%	5.8%	7.3%	8.9%	11.6%	11.4%	11.5%	11.4%	11.9%	13.3%	12.4%	6.6%	9.3%	9.7%	9.0%	9.5%	10.0%	10.6%	11.9%	12.8%	13.3%	13.8%	13.3%	13.9%	14.4%
Debt / equity	0.45	0.45	0.45	0.45	0.45	0.24	0.24	0.24	0.24	0.24	0.24	0.24	0.70	0.38	0.38	0.34	0.34	0.35	0.35	0.12	0.12	0.17	0.17	0.24	0.24	0.09
Interest coverage	2.55	1.94	2.30	3.24	4.73	7.24	7.53	8.08	8.53	11.76	14.16	12.60	2.74	3.80	4.69	4.78	5.23	4.88	4.59	6.68	7.38	9.54	12.31	9.50	11.19	12.46
Asset turnover	1.13	1.19	1.20	1.19	1.21	1.25	1.26	1.12	0.93	0.84	0.74	0.76	0.82	1.20	1.39	1.46	1.38	1.23	1.14	0.68	0.71	0.72	0.77	0.82	0.85	0.76

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 18 periods

	MAR '14‡	MAR '15‡	MAR '16‡	MAR '17‡	MAR '18‡	MAR '19‡	MAR '20‡	MAR '21‡	MAR '22‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	131	132	133	133	133	133	130	130	130	131	131	131	131	131	131	132	132	132
Other equity / reserves	2,617	2,419	2,666	2,677	2,721	2,665	3,085	3,952	4,298	4,241	4,601	4,919	5,485	5,907	7,332	8,063	9,024	10,493
Total equity	2,748	2,550	2,799	2,809	2,854	2,798	3,215	4,083	4,428	4,371	4,732	5,050	5,616	6,038	7,463	8,195	9,156	10,625
Borrowings	3,303	2,804	2,414	1,742	1,284	1,253	780	963	2,021	2,907	3,316	1,940	1,908	2,084	924	1,366	2,163	903
Current liabilities	—	—	2,925	3,022	2,768	3,926	3,711	2,166	2,906	5,270	8,165	4,993	3,977	4,371	6,322	6,958	8,350	10,266
Non-current liabilities	8,036	—	2,783	2,302	2,015	1,481	1,002	1,316	1,735	2,311	2,330	2,037	2,139	2,160	1,186	1,117	2,678	2,034
Total assets	8,830	9,818	8,638	8,247	7,693	8,200	7,943	7,692	9,169	12,061	15,339	12,174	11,850	12,682	15,237	16,539	20,434	23,207
Property, plant & equipment	4,905	4,649	3,718	3,348	3,033	1,552	1,521	2,081	1,940	2,896	4,500	4,430	4,382	4,440	4,252	4,763	6,084	6,210
Capital work-in-progress	115	80	34	25	14	46	82	147	1,260	1,081	87	104	85	417	785	952	1,233	2,421
Investments	1,140	805	766	725	488	476	784	1,713	2,307	1,540	1,537	1,288	1,100	1,645	1,402	1,357	1,864	1,300
Inventories	1,282	2,208	1,293	1,765	1,512	2,223	2,268	1,213	1,019	3,554	5,686	3,733	2,316	3,019	4,212	5,153	4,656	5,351
Receivables	637	1,130	1,401	1,465	1,314	1,181	1,144	669	813	1,013	1,140	826	1,799	1,180	1,769	1,629	1,719	1,078
Cash & equivalents	141	333	106	148	553	585	441	170	640	664	1,016	778	819	509	1,147	576	1,513	2,167

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 10 periods

	FY14‡	FY15‡	FY17‡	FY18‡	FY21‡	FY22	FY23	FY24	FY25	FY26
Cash from operations	227	901	403	981	774	218	-185	1,306	1,504	3,204
Cash from investing	-122	338	619	182	-845	-209	-417	367	180	-3,723
Cash from financing	-527	-1,106	-979	-761	-198	453	909	-1,877	-1,369	875
Capex	167	91	82	54	319	979	1,194	299	853	2,532
Free cash flow	60	811	321	927	455	-761	-1,379	1,007	651	672
Dividends paid	15	15	16	16	13	165	130	131	131	132

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹6,210 cr27%

CWIP

₹2,421 cr10%

Investments

₹1,300 cr6%

Inventories

₹5,351 cr23%

Receivables

₹1,078 cr5%

Cash & equivalents

₹2,167 cr9%

Other assets

₹4,681 cr20%

Peer comparison

largest in Capital Goods · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Hindustan Aeronautics Ltd.	3,33,052	4,980.00	35.7	8.12	22.7%
Bharat Electronics Ltd.	2,89,468	396.00	45.2	11.02	24.4%
Tata Motors Ltd.	1,56,797	425.50	24.8	10.26	41.3%
Bharat Heavy Electricals Ltd.	1,45,828	418.80	50.7	5.45	10.8%
ABB India Ltd.	1,43,541	6,774.00	55.7	15.37	27.6%
Siemens Ltd.	1,26,736	3,560.00	28.2	8.02	28.4%
Hitachi Energy India Ltd.	1,23,988	27,800.00	107.8	23.95	22.2%
CG Power and Industrial Solutions Ltd.	1,21,786	773.00	89.1	13.94	15.6%
Polycab India Ltd.	1,18,610	7,871.00	37.6	9.06	24.1%
Cummins India Ltd.	1,12,233	4,048.80	49.8	13.52	27.1%
Welspun Corp Ltd.	58,165	2,204.90	24.6	5.47	22.3%

StoxGud checklist: Bullish setup · 8/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-18.5%

6 months+69.7%

1 year+143.1%

3Y CAGR+69.9%

5Y CAGR+76.7%

10Y CAGR+42.0%

50-day avg₹2,558.58

200-day avg₹1,566.11

RSI (14)32

Long-term financials (FY15–FY15)

from published annual reports

Year	Revenue	Profit before tax	Net profit
FY15	₹8,450 Cr	₹231 Cr	₹69 Cr

Years before FY17 follow the older Indian GAAP standard, so they are not exactly comparable with recent years.

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FAQs

What is the share price of Welspun Corp Ltd.?

Welspun Corp Ltd. (WELCORP) closed at ₹2,204.90 on NSE on 06 Nov 2026.

What is the market cap of Welspun Corp Ltd.?

₹58,165 crore at the latest close.

What is the P/E ratio of Welspun Corp Ltd.?

24.6, on trailing-twelve-month earnings from its filings.

How fast is Welspun Corp Ltd. growing?

Welspun Corp Ltd.: revenue has compounded at 19.8% a year over three years; net profit at 98.4% a year. Latest-quarter revenue is up 6.2% year on year, profit up 13.4%.

How profitable is Welspun Corp Ltd.?

On a trailing-twelve-month basis return on equity is 22.3%, return on capital employed 19.8%, operating margin 14.4%, net margin 13.5%.

How much debt does Welspun Corp Ltd. have?

Welspun Corp Ltd. is lightly geared: debt to equity is 0.09 with borrowings of ₹903 cr against cash of ₹2,167 cr (balance sheet of 2026-09-30). Operating profit covers interest 12.5 times.

Financials parsed from Welspun Corp Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Mar '14. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.