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Welspun Corp Ltd

WELCORP

Welspun Corp Ltd

WELCORP
MaterialsIron & Steel
SmallcapWith a market cap of ₹19,084 cr, stock is ranked 354
High RiskStock is 3.22x as volatile as Nifty
733.400.76% (+5.55)
733.400.76% (+5.55)

Price Chart

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MaterialsIron & Steel
SmallcapWith a market cap of ₹19,084 cr, stock is ranked 354
High RiskStock is 3.22x as volatile as Nifty
Scorecard

Performance

Avg

Price return has been average, nothing exciting

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is overpriced but is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

MaterialsIron & Steel
SmallcapWith a market cap of ₹19,084 cr, stock is ranked 354
High RiskStock is 3.22x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
16.003.320.69%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
31.143.511.31%

Forecast & Ratings

Detailed Forecast 
75%
Analysts have suggested that investors can buy this stock

from 4 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Welspun Corp Limited is a diameter line pipe company, engaged in the business of production and coating of submerged arc welded pipes, hot rolled steel plates and coils, and power generation.

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 14.45%, vs industry avg of 9.87%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 1.72% to 2.26%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue7,343.936,044.016,475.849,088.1310,278.687,781.927,056.3310,153.2917,843.9016,956.81
Raw Materialssubtract4,410.344,212.764,363.796,287.467,358.294,243.974,305.098,799.0910,734.1514,840.97
Power & Fuel Costsubtract116.76106.2691.33113.28122.31197.81162.39399.51540.99
Employee Costsubtract557.64430.55417.21571.96636.50454.46383.48541.05937.64
Selling & Administrative Expensessubtract242.76120.62115.84157.11141.70112.12480.63667.631,226.24
Operating & Other expensessubtract1,130.32516.10886.141,420.60576.061,360.16707.54-1,133.752,339.15
Depreciation/Amortizationsubtract386.48386.08258.16259.73233.29246.47254.75302.97347.87346.83
Interest & Other Itemssubtract241.14235.71170.15177.37144.0284.95101.89243.16304.38278.45
Taxes & Other Itemssubtract106.699.4914.92113.86431.05314.41221.75126.94303.08298.01
EPS5.751.005.97-0.5024.1629.4216.827.9142.4545.58
DPS0.500.500.500.5010.505.005.005.005.005.00
Payout ratio0.090.500.08—0.430.170.300.630.120.11

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2022

Annual report

PDF

Investor Presentation

May 27PDF
Feb 11PDF
Feb 10PDF
+2 more
FY 2023

Annual report

PDF

Investor Presentation

May 30PDF
Feb 2PDF
Nov 22PDF
+2 more
 

Peers & Comparison

Comparing 3 stocks from 
MaterialsIron & Steel

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Welspun Corp Ltd17.193.320.69%
JSW Steel Ltd26.672.940.95%
Tata Steel Ltd-41.782.012.42%
Jindal Steel And Power Ltd15.682.080.22%

Price Comparison

Compare WELCORP with any stock or ETF
Compare WELCORP with any stock or ETF
WELCORP
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Increased Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has increased by 1.13%

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding50.01%6.70%10.94%11.65%20.71%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep7.77%9.42%10.56%10.70%10.51%11.65%

Mutual Funds Holding Trend

Increased Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has increased by 1.16%

Top 5 Mutual Funds holding Welspun Corp Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
DSP Small Cap Fund - Growth - Direct Plan

Growth
2.5283%2.89%0.78%5/84 (+9)
Aditya Birla Sun Life Flexi Cap Fund - Growth - Direct Plan

Growth
1.3050%1.04%0.39%57/89 (+4)
Aditya Birla Sun Life Pure Value Fund - Growth - Direct Plan

Growth
0.9061%2.55%0.35%6/91 (+5)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

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smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.69%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹6.86 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateJun 28, 2024

Final
Final | Div/Share: ₹5.00

Dividend/Share

₹5.00

Ex DateEx Date

Jun 28, 2024

Cash Dividend

Ex DateEx DateJun 16, 2023

Final
Final | Div/Share: ₹5.00

Dividend/Share

₹5.00

Ex DateEx Date

Jun 16, 2023

Cash Dividend

Ex DateEx DateJun 9, 2022

Final
Final | Div/Share: ₹5.00

Dividend/Share

₹5.00

Ex DateEx Date

Jun 9, 2022

Cash Dividend

Ex DateEx DateAug 9, 2021

Final
Final | Div/Share: ₹5.00

Dividend/Share

₹5.00

Ex DateEx Date

Aug 9, 2021

Cash Dividend

Ex DateEx DateAug 6, 2020

Final
Final | Div/Share: ₹0.50

Dividend/Share

₹0.50

Ex DateEx Date

Aug 6, 2020

News & Opinions
Corporate
Welspun Corp to discuss results

Welspun Corp will hold a meeting of the Board of Directors of the Company on 8 November 2024Powered by Capital Market - Live

1 day agoCapital Market - Live
Spotlight
Welspun Corp Ltd gains for fifth session

Welspun Corp Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 729.35, up 1.07% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.79% on the day, quoting at 24774.65. The Sensex is at 80968.72, down 0.65%. Welspun Corp Ltd has added around 7% in last one month. Meanwhile, Nifty Metal index of which Welspun Corp Ltd is a constituent, has added around 3.76% in last one month and is currently quoting at 9741.7, down 0.83% on the day. The volume in the stock stood at 7.59 lakh shares today, compared to the daily average of 10.26 lakh shares in last one month.The PE of the stock is 37.6 based on TTM earnings ending June 24.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
Welspun Corp wins order of Rs 2,400 cr

Welspun Corp has received a significantly large order in the USA valued at Rs 2,400 crore (approx.), for supply of Coated HSAW Pipes for a Natural gas Pipeline project. Execution of this order will be during FY25 and FY26. The company said, This win further reinforces our credibility and demonstrate our leading position in the USA market. Our outlook for the USA market remains extremely positive and there are few more projects, where we have participated and are favourably placed for orders.Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Welspun Corp Ltd soars 1.45%, Gains for third straight session

Welspun Corp Ltd is up for a third straight session in a row. The stock is quoting at Rs 751.25, up 1.45% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 1.04% on the day, quoting at 25907.85. The Sensex is at 84562.88, down 1.18%. Welspun Corp Ltd has added around 7.6% in last one month. Meanwhile, Nifty Metal index of which Welspun Corp Ltd is a constituent, has added around 10.12% in last one month and is currently quoting at 10064.6, up 1.83% on the day. The volume in the stock stood at 15.81 lakh shares today, compared to the daily average of 7.32 lakh shares in last one month.The PE of the stock is 38.62 based on TTM earnings ending June 24.Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Stock alert: Welspun Corp, Maruti Suzuki India, Muthoot Finance, Gensol Engg, Matrimony

Securities in F&O ban : Balrampur Chini Mills, Hindustan Copper New Listing: Premier Energies IPO will list on stock exchanges today. The price band was between Rs 427 to 450 per share. It was open between 27th August to 29th August 2024. The issue was subscribed 74.38 times. Stocks to watch: Welspun Corp board has approved $100 million investment in its subsidiary, Welspun Pipes, for upgrading HFIW pipe manufacturing capabilities in the USA. Maruti Suzuki India reported a 2% increase in total production in August, reaching 1.69 lakh units year over year. Muthoot Finance subsidiary, Belstar Microfinance has received approval from SEBI to launch its IPO. Belstar plans to raise Rs 1,000 crore via fresh issue and Rs 300 crore through offer for sale. Gensol Engineering and Matrix Gas & Renewables consortium has emerged as the lowest bidder for EPC for developing India's first Bio-Hydrogen project for India's leading power generation company. Through this project, the companies will convert 25 tons of bio-waste into 1 ton of hydrogen per day. Matrimony board will meet on 5 September 2024, to consider the proposal of buyback of equity shares of the company. NMDC 's Iron ore production in August fell by 10% year-on-year to 3.07 million tons, and sales declined by 11.3% to 3.14 million tons. Shriram Finance board approved a fund raising through debt securities via private placement. The issue size of Rs 500 crore, with a greenshoe option of Rs 1,500 crore. Elpro International has acquired 97,250 equity shares of Central Depository Services (CDSL) for total consideration of Rs 14.22 crore. Meanwhile, the company has also acquired 1,79,715 equity shares of Globus Spirits for total consideration of Rs 20.01 crore. Shipping Corporation of India's subsidiary, SCI Bharat IFSC gets government approval for establishment of unit at GIFT Special Economic Zone (SEZ) in Gujarat.Powered by Capital Market - Live

2 months agoCapital Market - Live
Spotlight
Welspun Corp Ltd spurts 1.02%

Welspun Corp Ltd is up for a third straight session in a row. The stock is quoting at Rs 727.95, up 1.02% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.09% on the day, quoting at 24833.9. The Sensex is at 81102.86, up 0.06%. Welspun Corp Ltd has risen around 8.83% in last one month. Meanwhile, Nifty Metal index of which Welspun Corp Ltd is a constituent, has risen around 0.23% in last one month and is currently quoting at 9326.25, down 0.4% on the day. The volume in the stock stood at 10.84 lakh shares today, compared to the daily average of 15.06 lakh shares in last one month.The PE of the stock is 37.63 based on TTM earnings ending June 24.Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Welspun Corp allots 86,500 equity shares under ESOP

Welspun Corp has allotted 86,500 equity shares under ESOP on 11 August 2024. Post allotment of the shares, the paid up equity share capital has increased to Rs.131,17,46,975/- divided in to 26,23,49,395 equity shares of Rs. 5 each.Powered by Capital Market - Live

2 months agoCapital Market - Live
Earnings
Welspun Corp consolidated net profit rises 50.06% in the June 2024 quarter

Net profit of Welspun Corp rose 50.06% to Rs 248.18 crore in the quarter ended June 2024 as against Rs 165.39 crore during the previous quarter ended June 2023. Sales declined 22.90% to Rs 3137.23 crore in the quarter ended June 2024 as against Rs 4069.27 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales3137.234069.27 -23 OPM %11.928.77 - PBDT390.07314.03 24 PBT305.24228.16 34 NP248.18165.39 50 Powered by Capital Market - Live

2 months agoCapital Market - Live

Tata Steel, Welspun jointly develop hydrogen-compliant grade steel pipes

3 months agoBusiness Standard
Corporate
Welspun Corp to hold board meeting

Welspun Corp will hold a meeting of the Board of Directors of the Company on 7 August 2024Powered by Capital Market - Live

3 months agoCapital Market - Live