Welspun Enterprises Limited

Welspun Enterprises Ltd. is up 3.72% to Rs 745.0 today, building on recent gains and rising 0.31% over the last week. Welspun Enterprises Limited announced that its material subsidiary, Welspun Michigan Engineers Limited (WMEL), has received a Letter of Acceptance from the New Delhi Municipal Council (NDMC) for a rehabilitation project valued at approximately Rs 66 Crore (excluding GST). The project involves the rehabilitation of old sewer twin barrels and will be completed within 18 months. This contract addition boosts WMEL’s current order book to approximately Rs 2,356.66 Crore, reflecting a total addition of Rs 366.66 Crore since June 2026. The company's trading window for securities is closed from October 1, 2026, until the announcement of unaudited financial results for the quarter and half-year ending September 30, 2026. Trading volume reached 2.44 lakh shares today, a 43.68% increase compared to the average volume of the last one week. Welspun Enterprises Ltd registered a strong increase of 39.01% year-over-year, outperforming the 9.18% loss in the NIFTY50 index.

Welspun Enterprises Limited informed the Bombay Stock Exchange and National Stock Exchange of India that the trading window for dealing in securities of the company will be closed for designated persons and their immediate relatives from October 1, 2026, until 48 hours after the declaration of the unaudited consolidated and standalone financial results for the quarter and half-year ended September 30, 2026.

Welspun Enterprises Ltd announced credit rating assignments and reaffirmations from Crisil Ratings Limited, as detailed in a letter dated September 21, 2026. Crisil Ratings Limited has assigned a Long Term Rating of Crisil AA/Stable (upgraded from Crisil AA- /Positive) and a Short Term Rating of Crisil A1+ to Welspun Enterprises Limited for its total Bank Loan Facilities of Rs. 2,600 Crore; reaffirmed the Short Term Rating of Crisil A1+ for Commercial Paper of Rs. 200 Crore; assigned a Long Term Rating of Crisil AA-/Stable (upgraded from Crisil A+/Positive) and a Short Term Rating of Crisil A1+ to Welspun Michigan Engineers Limited for its total Bank Loan Facilities of Rs. 353.58 Crore; and assigned a Long Term Rating of Crisil AA (CE)/Stable (upgraded from Crisil AA- (CE) /Positive) and reaffirmed a Short Term Rating of Crisil A1+ (CE) to Welspun EDAC JV Private Limited for its total Bank Loan Facilities of Rs. 100 Crore.

Welspun Enterprises Ltd. is up 5.73% to Rs 823.35, building on recent gains and rising 4.73% over the last week. Welspun Enterprises Limited announced that its material subsidiary, Welspun Michigan Engineers Limited (WMEL), has secured two sewer rehabilitation projects from the Ahmedabad Municipal Corporation (AMC) with a combined contract value of Rs 351.24 crore, funded by the World Bank. The projects, valued at Rs 229.48 crore for Western Ahmedabad and Rs 121.76 crore for Eastern Ahmedabad, involve the rehabilitation of existing sewer lines and represent some of the largest individual projects undertaken by AMC. This order win increases WMEL’s order book from approximately Rs 2,135 crore to roughly Rs 2,432.66 crore as of June 2026, and according to Managing Director Sandeep Garg, reinforces the company’s position in the urban water and wastewater infrastructure sector. The formal Letter of Award was received on September 18, 2026. Trading volume reached 16.75 lakh shares today, surging by 569.48% compared to the average volume of the last one week. Welspun Enterprises Ltd registered a strong increase of 47.01% year-over-year, outperforming the 8.17% loss in the NIFTY50 index.

Welspun Enterprises Ltd share price ticked higher by 0.15% to Rs 606.05. The Company's net profit witnessed a sharp fall of 65.38% to Rs 56.36 crore, while revenue from operations dropped sharply 35.49% to Rs 773.72 crore in Q2FY26 over Q1FY26. The market capitalization of Civil Construction industry group stocks on BSE stood at Rs 9.63 lakh crore, slipping 3.50%. It has improved by 3.47% over last one week and dipped slightly by 2.98% in last one month while the market capitalization of Welspun Enterprises Ltd has inched up 1.85% and 14.97% in the same period respectively. Profit before tax (PBT) of Welspun Enterprises Ltd stood at Rs 87.59 crore in Q2 FY26, crashing by 37.99% year-on-year, and tumbling by 57.29% quarter-on-quarter. EBITDA came in at Rs 116 crore, tanking 26.08% YoY and nosediving by 44.09% sequentially. Total expenses saw a steep drop of 34.86% to Rs 633.8 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 113.68 crore, registering a fall of 56.83% YoY, while employee benefits expense was at Rs 63.25 crore, dipping slightly 3.49% YoY. For the TTM ended FY26, revenue from operations eased 2.16% to Rs 3615.38 crore, while net profit grew slightly 5.87% to Rs 406.08 crore, compared to previous TTM. EBITDA witnessed a strong improvement of 53441% to Rs 651.29 crore, and PBT saw a minor gain of 4.89% to Rs 545.4 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 112.19 crore in FY26, as against Rs 273.49 crore in FY25. Welspun Enterprises Ltd soared by 23.75% in last one year, significantly outperforming the benchmark BSE Sensex which has softened by 2.94% during the same period.

A company raised Rs 1000 crore through the issuance of convertible warrants, with Rs 750 crore remaining unutilized as of July 13, 2026, pending warrant conversion. The Rs 250 crore that has been deployed has been invested in short-term, liquid mutual funds, generating a return of approximately 4.61% for the quarter ended June 30, 2026, and currently valued at Rs 258.91 crore. Crisil Ratings Limited (CRL) is serving as the Monitoring Agency overseeing fund utilization, noting that no funds have been allocated to a general corporate purpose or the intended infrastructure project. The report, intended for use in India, includes extensive disclaimers regarding the accuracy of information and disclaims any liability or investment advice.

Welspun Enterprises Limited informed the BSE Limited and National Stock Exchange of India Limited that there was no deviation or variation in the utilisation of proceeds from the issuance of convertible warrants during the quarter ended June 30, 2026. The company, which raised Rs 1,000 crore through a preferential issue on October 15, 2025, received Rs 250 crore as an upfront consideration, which remains unutilized as of June 30, 2026, with the remaining Rs 750 crore expected upon exercise of conversion options by warrant holders.

Welspun Enterprises Limited will hold a board meeting on Tuesday, August 04, 2026, to consider and approve the unaudited consolidated and standalone financial results for the quarter ended June 30, 2026, as announced to the BSE Limited and National Stock Exchange of India Limited.

Welspun Enterprises Limited has released its Business Responsibility & Sustainability Report (BRSR) for the financial year 2025-26, detailing its performance against the National Guidelines on Responsible Business Conduct (NGRBC) and the Greenhouse Gas (GHG) Protocol. The report, a requirement for listed companies under Securities and Exchange Board of India (SEBI) guidelines, received limited assurance from BDO India Services Private Limited, covering indicators related to employee well-being, energy and water usage, waste management, and supplier sourcing. BDO India concluded that the assured disclosures were "fairly reliable," reinforcing the company’s commitment to responsible business practices and ensuring regulatory compliance. The report focuses primarily on the company’s stand-alone operations and is available on Welspun Enterprises’ website.

Welspun Enterprises announced that the 32th Annual General Meeting(AGM) of the company will be held on 20 August 2026.