āagman

Not investment advice. Data and computed figures, for information only.

Welspun Corp Ltd

NSE: WELCORP
₹2,486.90
−₹146.90 (−5.58%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹69,651 Cr
CMP
₹2,486.90
52-wk High / Low
₹2,900 / 710
P/E
30.2
P/B
7.6
Book Value
₹347.0
Div Yield
0.19%
ROCE
23.0%
ROE
19.4%
Face Value
₹5
D/E
0.26

Price+193.2% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 15 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
4
/ 9
4 of 9 F-score tests passed
Graham Number
₹691
√(22.5 × EPS × book value per share)
ROIC
12.3%
vs 12.3% sector median
Cash flow to profit
1.98
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+217
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
18.3%
ROE × earnings retention ratio
ROE stability
7.6
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII +3.38DII −1.53
Latest quarter vs the previous one
Cash-accrual divergence
−8.9%
of assets
Low = accruals track cash flow
Strengths
+Price trades above its 200-day moving average (1.7x)
+FII holding rose by 7.3pp over the last year
+PE of 30.2x is below the sector median of 43.6x
Watch-outs
−Promoter holding fell by 0.3pp over the last year

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales4,0694,0594,7504,4613,1373,3023,6143,9253,5514,3744,5324,3134,081
Expenses3,7123,6604,2874,1312,7632,9023,1793,4653,0263,7833,9173,8093,389
Operating Profit357400463330374400434460525591616504692
OPM %8.8%9.9%9.7%7.4%11.9%12.1%12.0%11.7%14.8%13.5%13.6%11.7%17.0%
Other Income50227621788312548757084131120142685
Interest92756275668382886349514945
Depreciation868690878589908785849393125
Profit before tax2284663733473053527498554615885935041,207
Net Profit1683872942872482836726993494444563711,048
EPS (₹)6.3214.7011.1510.249.4610.9425.7226.6213.3116.6817.1614.0439.67

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales8,4507,2365,8996,3478,9539,9577,1536,5059,75817,34013,97816,77017,300
Expenses7,5956,4495,3805,8748,3108,7566,3576,0329,26415,77812,29314,53414,897
Operating Profit8557875194736441,2017954734941,5611,6842,2362,403
OPM %10.1%10.9%8.8%7.5%7.2%12.1%11.1%7.3%5.1%9.0%12.0%13.3%13.9%
Other Income9699139128−1062436185443865041,2484781,078
Interest28324123617017714485102243304320212194
Depreciation436386386258260233246255303348351355394
Profit before tax231258361731011,0671,0826613341,4132,2622,1472,893
Net Profit21417910153−226548274441991,1361,9021,6202,319
EPS (₹)2.625.721.005.97−0.5024.3629.4216.827.9042.4472.7361.1587.55

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital132133133133133130130130131131131132—
Reserves2,6672,6662,6772,7212,6653,0853,9524,2984,5825,4677,3139,024—
Borrowings3,0212,6441,8431,3861,3051,0611,0212,0573,3811,9671,1222,355—
Other Liabilities3,9983,1953,5953,4524,0973,6672,5882,6847,1804,2496,6358,889—
Total Liabilities9,8188,6378,2477,6938,2007,9437,6929,16915,27411,81315,20120,400—
Fixed Assets4,6623,7303,3563,0461,5671,6172,5992,4334,9104,8004,7076,536—
CWIP8034321747831471,26187877871,241—
Investments8051,0177254884767841,7132,3071,5371,1001,4021,864—
Other Assets4,2713,8554,1344,1436,1105,4603,2333,1688,7405,8278,30610,759—
Total Assets9,8188,6378,2477,6938,2007,9437,6929,16915,27411,81315,20120,400—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity227901354403981623648774218−1851,3061,5043,204
Cash from Investing Activity−229338−326618184−255−49−848−201−348373194−3,714
Cash from Financing Activity−527−1,106−99−979−761−335−743−198453909−1,877−1,369875
Net Cash Flow−528133−714240533−144−271470376−198328365

Ratios

As of 31 Mar 2026
13 periods
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %5.08.08.05.07.012.030.020.013.06.020.021.023.0
ROE %————————————19.4
EPS (₹)2.792.625.721.005.97−0.5024.3629.4216.827.9042.4472.7361.15
Book Value (₹)————————————347.0
Face Value (₹)————————————5
P/E————————————30.2
Div Yield %————————————0.19
NPM %1.32.52.40.22.4−0.26.410.66.32.06.412.59.4
OPM %9.010.011.09.07.07.012.011.07.05.09.012.013.0
D/E1.341.080.940.660.490.470.330.250.460.720.350.150.26
P/B————————————7.6

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+9.0%
5 years+19.0%
3 years+20.0%
TTM+20.0%
Compounded profit growth
10 years+29.0%
5 years+21.0%
3 years+119.0%
TTM+42.0%
Stock price CAGR
10 years+43.0%
5 years+79.0%
3 years+85.0%
Last year+211.0%
Return on equity
10 years13.0%
5 years15.0%
3 years19.0%
Last year19.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters45.99%45.99%48.25%48.98%49.03%50.02%50.01%49.99%50.14%50.00%49.73%49.73%
FIIs5.02%5.02%6.19%6.42%9.39%12.71%7.34%7.27%10.70%12.18%11.23%14.61%
DIIs9.67%9.67%8.33%6.22%9.84%8.77%9.30%11.43%11.99%20.50%21.49%19.96%
Government0.00%0.00%0.05%0.00%0.00%0.00%0.00%0.01%0.00%0.00%0.00%0.00%
Public39.32%39.32%37.18%38.39%31.75%28.49%33.35%31.29%27.13%17.28%17.52%15.68%
No. of shareholders58,10358,10356,14354,27856,49678,35592,53285,7941,19,4661,28,4711,22,3381,38,939
Change since Jun 2023 (pp)
Promoters +3.74FIIs +9.59DIIs +10.29Public −23.64

Documents

As of 11 Oct 2026
Announcements
Announcement under Regulation 30 (LODR)-Updates on AcquisitionAnnouncement under Regulation 30 (LODR)-Updates on AcquisitionClosure of Trading WindowAnnouncement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Jul 2026TranscriptJul 2026PPTJul 2026RecordingMay 2026TranscriptMay 2026PPTMay 2026RecordingFeb 2026TranscriptFeb 2026PPTNov 2025PPTNov 2025TranscriptNov 2025PPT

Corporate actions

As of 30 Jun 2026
30 Jun 2026DIVIDENDDividend - Rs 5 Per Share—
18 Jul 2025DIVIDENDAnnual General Meeting/Dividend - Rs 5 Per Share—
28 Jun 2024DIVIDENDDividend - Rs 5 Per Share—
16 Jun 2023DIVIDENDDividend - Rs 5 Per Share—
9 Jun 2022DIVIDENDDividend - Rs 5 Per Share—
9 Aug 2021DIVIDEND Dividend - Rs 5 Per Share—
6 Aug 2020DIVIDEND Dividend - Rs 0.50 Per Share—
12 Feb 2020DIVIDEND Interim Dividend - Rs 10 Per Share—
4 Jul 2019DIVIDEND Dividend Rs - 0.50 Per Share—
25 Jun 2018DIVIDEND Dividend Re - 0.50 Per Share—
22 Jun 2017DIVIDEND Annual General Meeting/Dividend - Re 0.50 Per Share—
23 Jun 2016DIVIDEND Dividend Re.0.50 Per Share—
18 Jun 2015DIVIDENDDividend - Re 0.50 Per Share—
19 Jun 2014DIVIDENDDividend - Re 0.50/- Per Share—
18 Feb 2014DEMERGERScheme Of Arrangement—
19 Sep 2013DIVIDENDAnnual General Meeting And Dividend Re.0.50 Per Share—
23 Aug 2012DIVIDENDAnnual General Meeting/Dividend Re 0.50 Per Share—
29 Jun 2011DIVIDENDDividend-Rs.2/- Per Share—
5 May 2010DIVIDENDDividend-Rs.2/- Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman