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As of 6 Nov 2026, Welspun Corp trades at 24.6× trailing earnings, above the industry P/E of 19.9×, and the shares are 24% below their 52-week high. It earns ROCE of 19% and ROE of 24%, and sales and net profit grew 20% and 98% a year over 3 years. It has almost no debt, and its dividend yield is 0.2%. It is a mid-cap company with a market cap of ₹58,144 Cr, ranked 8th of 150 Steel companies by market cap; the shares rose 158% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹2,335.60
Day high
₹2,343.80
Day low
₹2,158.10
Prev. close
₹2,385.60
Volume
23.4 L

Health check

2 good · 2 fair · 2 to check
  • ReturnsAhead

    +157.9% over a year, better than 7 of 7 peers.

  • Price tagPricier

    P/E 24.6 vs industry 19.9.

  • GrowthStrong

    Sales +19.5%, profit +98.3% a year over 3 years.

  • ProfitabilityAverage

    ROCE 19.5% vs peer median 18.7%.

  • Balance sheetFair

    Debt 0.10× equity, interest covered 11.5×, Piotroski 4 of 9.

  • Red flags1 to check

    Promoter stake down from 49.8% to 47.5%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Steel

149 listed peers. Screen the industry

Mid cap

₹58,144 Cr, #8 of 150 in its industry by size.

Defensive

Beta 0.71 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹17,570 Cr · profit ₹2,368 Cr
Market cap
₹58,144 Cr
Mid cap
P/E
24.6
Industry 19.9
Price to book
5.47
Peers 2.28
Dividend yield
0.23%
ROE
24.5%
Peers 23.4%
ROCE
19.5%
Peers 18.7%
Debt to equity
0.10
Debt ₹1,085 Cr
EPS (TTM)
₹89.74
Face value ₹5
OPM (TTM)
14.4%
Net margin 13.5%
Sales growth
+6.2%
Latest quarter vs a year ago
Profit growth
+13.2%
Latest quarter vs a year ago
Price to sales
3.31
EV/EBITDA 21.1

Strengths and risks

Strengths

  • Return on equity of 24.5%.
  • Practically debt-free.

Risks to check

  • Promoter stake down from 49.8% to 47.5%.

Derived automatically from reported figures. Not a recommendation.

About Welspun Corp

Welspun Corp Limited, together with its subsidiaries, manufactures, trades in, distributes, and sells steel pipes, tubes, bars, coils, and plates in India, the United States, and internationally. It operates through Steel Products and Others segments. The company offers carbon steel line pipes comprising longitudinal submerged arc welding, helically submerged arc welding, high frequency welding, bends, and anti-corrosion and concrete weight coating;…

Headquarters
Mumbai
Employees
9,300
Sector
Basic Materials
ISIN
INE191B01025
Website
welspuncorp.com

Price range

52 weeks

₹710.00₹2,900.00

Today

₹2,158.10₹2,343.80
Avg volume (3M)
21 L
1-year return
plus 157.9%
From 52-week high
minus 24.0%

Analyst consensus

8 analysts
Strong buyMean target ₹3,101.13 plus 40.6%

Target range, with today’s price

Low ₹2,713.00High ₹3,670.00

Today’s price ₹2,204.90 is below the lowest analyst target.

Consensus from Yahoo Finance. Not a recommendation.

Peers · Steel

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
JSWSTEELJSW Steel1,357.10plus 0.11%3,31,26511.712.218.7%17.7%0.623.6%plus 14.7%
TATASTEELTata Steel186.30plus 2.36%2,32,39721.19.111.3%15.2%0.89−1.6%plus 1.5%
JINDALSTELJindal Steel1,165.00plus 1.31%1,18,59441.514.97.5%15.9%0.42−13.1%plus 6.4%
LLOYDSMELloyds Metals And Energy1,785.50minus 1.38%1,00,48219.118.819.4%37.4%1.2371.3%plus 37.4%
SAILSteel Authority of India171.60minus 0.41%70,88012.68.17.2%12.9%0.502.0%plus 24.7%
NMDCNMDC70.40minus 0.01%61,8948.36.228.4%30.0%0.1922.0%minus 5.2%
APLAPOLLOAPL Apollo Tubes2,185.30minus 0.41%60,67746.332.728.0%8.2%0.1712.6%plus 23.3%
WELCORPWelspun Corp2,204.90minus 7.57%58,14424.624.119.5%14.4%0.1019.5%plus 157.9%
Median of 7 peers–−0.01%1,00,48219.112.218.7%15.9%0.503.6%14.7%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Dec 25Mar 26Jun 26Sep 26
3,5514,5324,3134,0814,644
3,0263,9173,8093,3893,917
525616504692727
14.8%13.6%11.7%17.0%15.6%
8412014268596.7
63.250.74945.238.4
84.892.593125129
4615935041,207656
24.3%23.0%26.3%13.2%24.5%
3504533701,046499
13.2917.1614.0439.6518.89

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+19.5%
Profit CAGR 3Y
+98.3%
EPS CAGR 3Y
+97.9%
ROE
24.5%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
9,48716,89613,32216,209
–+78.1%minus 21.2%+21.7%
8,96015,26511,63613,860
5271,6301,6862,350
5.6%9.7%12.7%14.5%
140286357357
226296311205
303348351355
195141881−0.4
3341,4132,2622,147
40.3%19.6%15.9%24.5%
2071,1101,9081,613
–+437.2%+71.8%minus 15.5%
7.8942.3272.4461.20

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
131131131132
4,6015,4857,3329,024
3,3451,9301,0832,357
7,2624,3046,6928,921
15,33911,85015,23720,434
4,6054,5415,1517,641
1051608991,556
0.71.8335.3
2,0721,4731,7583,764
8,5575,6747,4257,438
15,33911,85015,23720,434

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
−1851,3061,5043,204
−417367180−3,723
909−1,877−1,369875
307−203315357
−1,194−299−853−2,532
−1,3791,007651672
−130−131−131−132

Shareholding pattern

Source: NSE filings
47.5%
promoters
  • Promoters47.46%
  • Public52.51%
  • Employee trusts0.03%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202647.46%52.51%minus 2.27
30 Jun 202649.73%50.24%0.00
31 Mar 202649.73%50.24%0.00
31 Dec 202549.73%50.24%minus 0.04
30 Sep 202549.77%50.20%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you