- Total income
- ₹15,980 Cr
- Profit
- ₹1,908 Cr
About Welspun Corp
Welspun Corp is a publicly listed company based in Mumbai (India) founded in 1985. Large-diameter pipelines for oil, gas, and industrial uses are manufactured. It operates on a Direct-to-Consumer (D2C) and B2B2C model. The company has 4,280 employees. Welspun Corp has completed 1 acquisition, including Nauyaan Shipyard. Its chief executive, as recorded, is Vipul Mathur. Its website welspuncorp.com draws about 20 thousand monthly visits. Its Indian entity Welspun Corp Limited reported revenue of ₹17,248 Cr. Welspun Corp offers products and services including Line Pipes, Ductile Iron Pipes, TMT Rebars, and Stainless Steel Pipes. Its focus areas include Manufacturing, Industrial Goods and Pipes and Tubes.
Company details
Welspun Corp Limited is involved in the production of industrial pipes and materials, offering end-to-end solutions for line pipes ranging from 1 to 143 inches. The company operates in sectors such as water infrastructure and construction, with products including Ductile Iron Pipes, TMT Rebars, and Stainless Steel Pipes. Facilities are spread across six continents, with manufacturing units in India, the USA, and Saudi Arabia. Emphasis is placed on technological innovation and ESG goals for sustainable growth. Expansion into B2C markets and strategic acquisitions are pursued to diversify the product portfolio and target new segments.
Welspun Corp is ranked #177 on the Fortune India 500 (2025).
Recognitions & Rankings of Welspun Corp
- Valuation
- ₹21,060 Cr
- Market Cap₹65,924 Cr
WELCORP · NSE
- Share Price₹2,341.60
-6.30% today
- Revenue₹16,770 Cr
FY 2025-26 · +20.0% YoY
- EBITDA₹2,236 Cr
Margin 13.3%
- Net Profit₹1,612 Cr
FY 2025-26 · +32.9% YoY
- P/E (TTM)29.3x
P/B 7.4x
- ROE19.5%
ROCE 22.9%
- Debt / Equity0.21
Interest cover 11.3x
- Employee Count4,280
- Investments & Acquisitions
Associated legal entities of Welspun Corp
Welspun Corp operates through Welspun Corp Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Welspun Corp Limited Listed CIN L27100GJ1995PLC025609 | Active | 26 Apr 1995 | Anjar, Gujarat | ₹17,248 Cr | 2,252 | 13 | View details |
Products & Services of Welspun Corp
Welspun Corp offers a comprehensive portfolio of products and services, including Line Pipes, Ductile Iron Pipes, TMT Rebars, and Stainless Steel Pipes.
Large diameter pipes are manufactured for various applications.
Pipes for potable water transmission are produced extensively.
Reinforcement steel bars are made for infrastructure projects.
High-quality stainless steel products are crafted for industries.
Apps and channels of Welspun Corp
its YouTube channel Welspun World has 6.18K subscribers and 30 videos.
Videos from Welspun Corp
The most watched videos on Welspun Corp's YouTube channel, Welspun World (6.18K subscribers). Click a video to play it here.
More on Welspun World.
Board of directors of Welspun Corp Limited (Welspun Corp)
Welspun Corp Limited is the primary company behind Welspun Corp. The board of Welspun Corp Limited currently have 10 directors; the longest-serving is Balkrishan Gopiram Goenka, appointed in 1995. 28 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Balkrishan Gopiram Goenka DIN 00270175 | Director | 26 Apr 1995 | 31 yrs 6 mo | Welspun Corp Limited |
| Rajesh Mandawewala DIN 00007179 | Director | 26 Apr 1995 | 31 yrs 6 mo | Welspun Corp Limited |
| Vipul Mathur DIN 07990476 | Managing Director | 01 Dec 2017 | 8 yrs 11 mo | Welspun Corp Limited |
| Manish Chokhani DIN 00204011 | Director | 02 Feb 2023 | 3 yrs 8 mo | Welspun Corp Limited |
| Anjani Agrawal DIN 08579812 | Director | 01 Apr 2023 | 3 yrs 7 mo | Welspun Corp Limited |
| Dipali Hemant Sheth DIN 07556685 | Director | 04 Aug 2023 | 3 yrs 2 mo | Welspun Corp Limited |
| Aneesh Misra DIN 10221598 | Director | 04 Aug 2023 | 3 yrs 2 mo | Welspun Corp Limited |
| Ravindra Pandey DIN 07188637 | Director | 21 Oct 2024 | 2 yrs | Welspun Corp Limited |
| Chandra Shekhar Verma DIN 00121756 | Director | 09 Dec 2024 | 1 yr 10 mo | Welspun Corp Limited |
| Raghupal Singh DIN 09583239 | Nominee Director | 09 Dec 2024 | 1 yr 10 mo | Welspun Corp Limited |
People of Welspun Corp
11 people are tracked at Welspun Corp (4 in leadership, 7 in board & advisors); the tracked headcount is 4,280.
| Name | Role | Group |
|---|---|---|
| CEO & MD | Leadership | |
Percy Birdy | Chief Financial Officer | Leadership |
Godfrey John | CEO, Pipe Vertical | Leadership |
T.S. Kathayat | President & Global Operation Head, Pipe Business | Leadership |
Amita Misra | Independent Director | Board & advisors |
| Chairman | Board & advisors | |
Dipali Goenka | Non-Independent Director | Board & advisors |
Deshraj Dogra | Independent Director | Board & advisors |
| Non-Independent Director | Board & advisors | |
Arun Todarwal | Lead Independent Director | Board & advisors |
Revathy Ashok | Independent Director | Board & advisors |
Complete people profiles for Welspun Corp
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
IPO & Listings of Welspun Corp
Welspun Corp is a publicly listed company on the NSE with ticker symbol WELCORP in India, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date24 May 2005
- Listed onNSE: WELCORP
- Listed entityWelspun Corp Limited
- Exchange sectorProducer manufacturing
- ISININE191B01025
- Share price₹2,674.90 (-2.02% on the day) · 2026-10-14
- Market capitalisation₹72,049 Cr
- Price to earnings30.6
- EPS (diluted, trailing year)₹87.53
- Dividend yield0.18%
- Volume (last session)404,615
Financials of Welspun Corp
Exchange-reported figures of Welspun Corp Limited, the listed company behind Welspun Corp (NSE: WELCORP).
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 16,770 | 13,978 | 17,340 | 9,758 | 6,505 | 7,153 | 9,957 |
| Revenue growth | +20.0% | -19.4% | +77.7% | +50.0% | -9.1% | -28.2% | - |
| EBITDA | 2,236 | 1,668 | 1,561 | 485 | 466 | 784 | 1,122 |
| EBITDA margin | +13.3% | +11.9% | +9.0% | +5.0% | +7.2% | +11.0% | +11.3% |
| Profit before tax | 2,147 | 2,262 | 1,413 | 334 | 661 | 1,082 | 1,067 |
| Net profit | 1,612 | 1,212 | 1,019 | 154 | 443 | 613 | 654 |
| Net profit margin | +9.6% | +8.7% | +5.9% | +1.6% | +6.8% | +8.6% | +6.6% |
| EPS (₹) | 61.15 | 72.74 | 42.44 | 7.90 | 16.82 | 29.42 | 24.36 |
| Balance sheet | |||||||
| Total assets | 12,084 | 9,041 | 7,877 | 8,395 | 6,683 | 5,766 | 4,469 |
| Net worth | 9,156 | 7,484 | 5,635 | 4,749 | 4,831 | 4,134 | 3,215 |
| Total debt | 2,355 | 1,083 | 1,930 | 3,345 | 1,655 | 970 | 1,061 |
| Cash & bank | 2,972 | 1,255 | 1,072 | 1,202 | 701 | 259 | 514 |
| Net working capital | 2,527 | 2,049 | 1,955 | 1,909 | 476 | 1,346 | 2,079 |
| Cash flow | |||||||
| Cash from operations | 3,204 | 1,504 | 1,306 | (185) | 218 | 774 | 648 |
| Cash from investing | (3,714) | 194 | 373 | (348) | (201) | (848) | (48.89) |
| Cash from financing | 875 | (1,369) | (1,877) | 909 | 453 | (198) | (743) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4,644 | 4,081 | 4,313 | 4,532 | 4,374 | 3,551 | 3,925 | 3,614 |
| Revenue growth (YoY) | +6.2% | +14.9% | +9.9% | +25.4% | +32.5% | +13.2% | - | - |
| Other income | 96.74 | 685 | 142 | 120 | 131 | 84.00 | 570 | 487 |
| EBITDA | 727 | 692 | 504 | 616 | 591 | 525 | 460 | 434 |
| EBITDA margin | +15.6% | +17.0% | +11.7% | +13.6% | +13.5% | +14.8% | +11.7% | +12.0% |
| Depreciation | 129 | 125 | 93.03 | 92.54 | 84.20 | 84.78 | 86.99 | 90.04 |
| Interest | 38.41 | 45.18 | 48.95 | 50.66 | 49.38 | 63.18 | 87.54 | 82.26 |
| Profit before tax | 656 | 1,207 | 504 | 593 | 588 | 461 | 855 | 749 |
| Tax | 160 | 159 | 133 | 137 | 145 | 112 | 156 | 77.20 |
| Net profit | 495 | 1,048 | 371 | 456 | 444 | 349 | 699 | 672 |
| EPS (₹) | 18.89 | 39.65 | 14.04 | 17.16 | 16.68 | 13.29 | 26.50 | 25.73 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 8,299 | 8,835 | 9,082 | 7,731 | 5,288 | 5,285 | 4,253 |
| Revenue growth | -6.1% | -2.7% | +17.5% | +46.2% | +0.1% | +24.3% | - |
| EBITDA | 1,024 | 909 | 489 | 440 | 304 | 606 | 247 |
| EBITDA margin | +12.3% | +10.3% | +5.4% | +5.7% | +5.8% | +11.5% | +5.8% |
| Profit before tax | 1,282 | 1,074 | 596 | 371 | 595 | 1,303 | 414 |
| Net profit | 766 | 529 | 459 | 203 | 491 | 943 | 262 |
| Net profit margin | +9.2% | +6.0% | +5.1% | +2.6% | +9.3% | +17.9% | +6.2% |
| EPS (₹) | 38.42 | 32.08 | 18.20 | 10.60 | 18.61 | 39.02 | 10.28 |
| Balance sheet | |||||||
| Total assets | 5,772 | 4,844 | 4,949 | 5,856 | 4,469 | 3,791 | 2,562 |
| Net worth | 5,154 | 4,299 | 3,564 | 3,207 | 3,406 | 2,707 | 1,560 |
| Total debt | 430 | 417 | 1,259 | 2,536 | 978 | 559 | 822 |
| Cash & bank | 183 | 339 | 341 | 578 | 375 | 122 | 163 |
| Net working capital | 637 | 759 | 1,107 | 1,391 | 514 | 928 | 1,203 |
| Cash flow | |||||||
| Cash from operations | 806 | 1,001 | 638 | (439) | 193 | 378 | 16.16 |
| Cash from investing | (733) | 122 | 726 | (27.02) | (163) | (198) | 359 |
| Cash from financing | (236) | (1,155) | (1,546) | 593 | 235 | (197) | (374) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,860 | 1,567 | 2,270 | 2,378 | 1,822 | 1,828 | 2,281 | 2,449 |
| Revenue growth (YoY) | +2.1% | -14.3% | -0.5% | -2.9% | -10.4% | -11.8% | - | - |
| Other income | 23.68 | 38.48 | 23.20 | 12.67 | 322 | 159 | 414 | 32.47 |
| Total expenses | 1,640 | 1,394 | 1,936 | 2,113 | 1,634 | 1,592 | 2,038 | 2,181 |
| EBITDA | 221 | 173 | 334 | 265 | 188 | 236 | 244 | 268 |
| EBITDA margin | +11.9% | +11.1% | +14.7% | +11.1% | +10.3% | +12.9% | +10.7% | +10.9% |
| Depreciation | 41.27 | 40.63 | 37.30 | 36.94 | 37.47 | 39.19 | 41.64 | 42.91 |
| Interest | 17.02 | 14.63 | 22.55 | 27.55 | 27.43 | 30.11 | 49.23 | 47.66 |
| Profit before tax | 186 | 156 | 297 | 213 | 445 | 326 | 566 | 210 |
| Tax | 44.17 | 40.60 | 65.52 | 52.11 | 79.56 | 70.83 | 102 | 53.77 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4,644 | 4,081 | 4,313 | 4,532 | 4,374 | 3,551 | 3,925 | 3,614 |
| Revenue growth (YoY) | +6.2% | +14.9% | +9.9% | +25.4% | +32.5% | +13.2% | - | - |
| Other income | 96.74 | 685 | 142 | 120 | 131 | 84.00 | 570 | 487 |
| EBITDA | 727 | 692 | 504 | 616 | 591 | 525 | 460 | 434 |
| EBITDA margin | +15.6% | +17.0% | +11.7% | +13.6% | +13.5% | +14.8% | +11.7% | +12.0% |
| Depreciation | 129 | 125 | 93.03 | 92.54 | 84.20 | 84.78 | 86.99 | 90.04 |
| Interest | 38.41 | 45.18 | 48.95 | 50.66 | 49.38 | 63.18 | 87.54 | 82.26 |
| Profit before tax | 656 | 1,207 | 504 | 593 | 588 | 461 | 855 | 749 |
| Tax | 160 | 159 | 133 | 137 | 145 | 112 | 156 | 77.20 |
| Net profit | 495 | 1,048 | 371 | 456 | 444 | 349 | 699 | 672 |
| EPS (₹) | 18.89 | 39.65 | 14.04 | 17.16 | 16.68 | 13.29 | 26.50 | 25.73 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 16,770 | 13,978 | 17,340 | 9,758 | 6,505 | 7,153 | 9,957 |
| Revenue growth | +20.0% | -19.4% | +77.7% | +50.0% | -9.1% | -28.2% | - |
| Other income | 478 | 1,264 | 504 | 395 | 551 | 629 | 322 |
| Total expenses | 14,534 | 12,309 | 15,778 | 9,274 | 6,039 | 6,369 | 8,835 |
| Employee cost | 1,246 | 1,003 | 938 | 541 | 383 | 454 | 636 |
| EBITDA | 2,236 | 1,668 | 1,561 | 485 | 466 | 784 | 1,122 |
| EBITDA margin | +13.3% | +11.9% | +9.0% | +5.0% | +7.2% | +11.0% | +11.3% |
| Depreciation | 355 | 351 | 348 | 303 | 255 | 246 | 233 |
| Interest | 212 | 320 | 304 | 243 | 102 | 84.95 | 144 |
| Profit before tax | 2,147 | 2,262 | 1,413 | 334 | 661 | 1,082 | 1,067 |
| Tax | 526 | 360 | 277 | 134 | 216 | 255 | 412 |
| Net profit | 1,612 | 1,212 | 1,019 | 154 | 443 | 613 | 654 |
| Net profit margin | +9.6% | +8.7% | +5.9% | +1.6% | +6.8% | +8.6% | +6.6% |
| EPS (₹) | 61.15 | 72.74 | 42.44 | 7.90 | 16.82 | 29.42 | 24.36 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 132 | 171 | 168 | 166 | 533 | 181 | 130 |
| Reserves & surplus | 9,026 | 7,306 | 5,467 | 4,582 | 4,298 | 3,946 | 3,085 |
| Shareholders' funds (net worth) | 9,156 | 7,484 | 5,635 | 4,749 | 4,831 | 4,134 | 3,215 |
| Minority interest | 250 | 266 | 118 | 112 | 99.23 | 127 | 14.12 |
| Secured loans | 2,029 | 760 | 1,849 | 2,564 | 995 | 601 | 530 |
| Unsecured loans | 327 | 322 | 80.70 | 781 | 660 | 369 | 531 |
| Total debt | 2,355 | 1,083 | 1,930 | 3,345 | 1,655 | 970 | 1,061 |
| Total liabilities | 12,084 | 9,041 | 7,877 | 8,395 | 6,683 | 5,766 | 4,469 |
| Assets | |||||||
| Gross block | 10,222 | 7,907 | 7,667 | 7,454 | 4,633 | 4,553 | 2,922 |
| Net block | 6,536 | 4,707 | 4,800 | 4,910 | 2,433 | 2,599 | 1,617 |
| Capital work in progress | 1,241 | 787 | 86.69 | 86.90 | 1,261 | 147 | 82.51 |
| Investments | 1,864 | 1,402 | 1,100 | 1,537 | 2,307 | 1,713 | 784 |
| Inventories | 4,656 | 4,212 | 2,316 | 5,686 | 1,019 | 1,213 | 2,268 |
| Sundry debtors | 1,719 | 1,769 | 1,799 | 1,140 | 813 | 669 | 1,144 |
| Cash & bank balances | 2,972 | 1,255 | 1,072 | 1,202 | 701 | 259 | 514 |
| Loans & advances | 938 | 654 | 451 | 645 | 290 | 980 | 1,361 |
| Total current assets | 10,285 | 7,890 | 5,638 | 8,674 | 2,823 | 3,121 | 5,287 |
| Total current liabilities | 7,757 | 5,841 | 3,682 | 6,765 | 2,347 | 1,775 | 3,208 |
| Net working capital | 2,527 | 2,049 | 1,955 | 1,909 | 476 | 1,346 | 2,079 |
| Total assets | 12,084 | 9,041 | 7,877 | 8,395 | 6,683 | 5,766 | 4,469 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 1,147 | 819 | 1,016 | 640 | 170 | 441 | 585 |
| Net cash from operating activities | 3,204 | 1,504 | 1,306 | (185) | 218 | 774 | 648 |
| Net cash from investing activities | (3,714) | 194 | 373 | (348) | (201) | (848) | (48.89) |
| Net cash from financing activities | 875 | (1,369) | (1,877) | 909 | 453 | (198) | (743) |
| Net change in cash | 365 | 328 | (198) | 376 | 470 | (271) | (144) |
| Closing cash | 2,972 | 1,255 | 1,072 | 1,202 | 701 | 259 | 514 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +20.0% | -19.4% | +77.7% | +50.0% | -9.1% | -28.2% | - |
| EBITDA growth | +34.0% | +6.8% | +222.2% | +4.0% | -40.6% | -30.1% | - |
| PBT growth | -5.1% | +60.0% | +323.7% | -49.5% | -39.0% | +1.5% | +959.8% |
| Net income growth | +32.9% | +19.0% | +560.2% | -65.2% | -27.6% | -6.2% | - |
| Revenue CAGR (3Y) | +19.8% | +29.0% | +34.3% | -0.7% | -10.1% | +4.1% | +19.1% |
| EBITDA CAGR (3Y) | +66.5% | +53.0% | +25.8% | -24.4% | +5.0% | +18.4% | +29.9% |
| Profitability & leverage | |||||||
| Net income margin | +9.7% | +13.6% | +6.6% | +2.0% | +6.8% | +11.6% | +6.6% |
| Return on capital employed | +22.9% | +21.2% | +21.4% | +6.4% | +12.5% | +18.5% | +27.7% |
| Return on net worth | +19.5% | +18.5% | +22.0% | +3.2% | +10.4% | +18.4% | +21.8% |
| Debt / equity | 0.21 | 0.23 | 0.51 | 0.52 | 0.29 | 0.28 | 0.39 |
| Long-term debt / equity | 0.14 | 0.17 | 0.34 | 0.31 | 0.18 | 0.15 | 0.27 |
| Interest cover | 11.28 | 24.27 | 25.08 | 133.90 | 48.24 | 15.80 | 16.21 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.85 | 1.80 | 2.29 | 1.61 | 1.42 | 1.91 | 3.61 |
| Inventory turnover | 3.78 | 4.28 | 4.33 | 2.91 | 5.83 | 4.11 | 4.43 |
| Debtors turnover | 9.62 | 7.83 | 11.80 | 9.99 | 8.78 | 7.89 | 8.57 |
| EPS (₹) | 61.15 | 72.74 | 42.44 | 7.90 | 16.82 | 29.42 | 24.36 |
| Dividend per share (₹) | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 10.50 |
| Book value per share (₹) | 347.15 | 283.50 | 213.92 | 180.21 | 169.69 | 156.26 | 123.24 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,860 | 1,567 | 2,270 | 2,378 | 1,822 | 1,828 | 2,281 | 2,449 |
| Revenue growth (YoY) | +2.1% | -14.3% | -0.5% | -2.9% | -10.4% | -11.8% | - | - |
| Other income | 23.68 | 38.48 | 23.20 | 12.67 | 322 | 159 | 414 | 32.47 |
| Total expenses | 1,640 | 1,394 | 1,936 | 2,113 | 1,634 | 1,592 | 2,038 | 2,181 |
| EBITDA | 221 | 173 | 334 | 265 | 188 | 236 | 244 | 268 |
| EBITDA margin | +11.9% | +11.1% | +14.7% | +11.1% | +10.3% | +12.9% | +10.7% | +10.9% |
| Depreciation | 41.27 | 40.63 | 37.30 | 36.94 | 37.47 | 39.19 | 41.64 | 42.91 |
| Interest | 17.02 | 14.63 | 22.55 | 27.55 | 27.43 | 30.11 | 49.23 | 47.66 |
| Profit before tax | 186 | 156 | 297 | 213 | 445 | 326 | 566 | 210 |
| Tax | 44.17 | 40.60 | 65.52 | 52.11 | 79.56 | 70.83 | 102 | 53.77 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 8,299 | 8,835 | 9,082 | 7,731 | 5,288 | 5,285 | 4,253 |
| Revenue growth | -6.1% | -2.7% | +17.5% | +46.2% | +0.1% | +24.3% | - |
| Other income | 516 | 530 | 477 | 262 | 483 | 865 | 402 |
| Total expenses | 7,276 | 7,926 | 8,593 | 7,291 | 4,983 | 4,679 | 4,006 |
| Employee cost | 339 | 307 | 254 | 218 | 209 | 197 | 199 |
| EBITDA | 1,024 | 909 | 489 | 440 | 304 | 606 | 247 |
| EBITDA margin | +12.3% | +10.3% | +5.4% | +5.7% | +5.8% | +11.5% | +5.8% |
| Depreciation | 151 | 173 | 165 | 138 | 115 | 110 | 123 |
| Interest | 108 | 192 | 205 | 194 | 76.88 | 57.94 | 111 |
| Profit before tax | 1,282 | 1,074 | 596 | 371 | 595 | 1,303 | 414 |
| Tax | 268 | 232 | 119 | 93.84 | 109 | 285 | 146 |
| Net profit | 766 | 529 | 459 | 203 | 491 | 943 | 262 |
| Net profit margin | +9.2% | +6.0% | +5.1% | +2.6% | +9.3% | +17.9% | +6.2% |
| EPS (₹) | 38.42 | 32.08 | 18.20 | 10.60 | 18.61 | 39.02 | 10.28 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 132 | 131 | 131 | 131 | 482 | 130 | 130 |
| Reserves & surplus | 5,025 | 4,162 | 3,433 | 3,076 | 2,924 | 2,575 | 1,430 |
| Shareholders' funds (net worth) | 5,154 | 4,299 | 3,564 | 3,207 | 3,406 | 2,707 | 1,560 |
| Secured loans | 283 | 265 | 1,206 | 1,924 | 435 | 481 | 538 |
| Unsecured loans | 146 | 152 | 53.49 | 612 | 543 | 77.49 | 285 |
| Total debt | 430 | 417 | 1,259 | 2,536 | 978 | 559 | 822 |
| Total liabilities | 5,772 | 4,844 | 4,949 | 5,856 | 4,469 | 3,791 | 2,562 |
| Assets | |||||||
| Gross block | 3,414 | 3,154 | 3,391 | 3,277 | 1,889 | 1,889 | 1,371 |
| Net block | 2,280 | 2,122 | 2,271 | 2,288 | 1,007 | 1,094 | 817 |
| Capital work in progress | 30.31 | 35.75 | 19.71 | 54.95 | 5.14 | 10.34 | 67.38 |
| Investments | 2,835 | 1,951 | 1,472 | 1,956 | 2,746 | 1,723 | 506 |
| Inventories | 1,702 | 1,836 | 1,373 | 1,915 | 790 | 552 | 1,387 |
| Sundry debtors | 1,422 | 1,311 | 1,651 | 921 | 801 | 606 | 675 |
| Cash & bank balances | 183 | 339 | 341 | 578 | 375 | 122 | 163 |
| Loans & advances | 435 | 423 | 433 | 417 | 503 | 1,016 | 1,196 |
| Total current assets | 3,742 | 3,909 | 3,798 | 3,832 | 2,470 | 2,297 | 3,421 |
| Total current liabilities | 3,105 | 3,151 | 2,691 | 2,440 | 1,955 | 1,368 | 2,219 |
| Net working capital | 637 | 759 | 1,107 | 1,391 | 514 | 928 | 1,203 |
| Total assets | 5,772 | 4,844 | 4,949 | 5,856 | 4,469 | 3,791 | 2,562 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 274 | 305 | 488 | 361 | 91.21 | 108 | 107 |
| Net cash from operating activities | 806 | 1,001 | 638 | (439) | 193 | 378 | 16.16 |
| Net cash from investing activities | (733) | 122 | 726 | (27.02) | (163) | (198) | 359 |
| Net cash from financing activities | (236) | (1,155) | (1,546) | 593 | 235 | (197) | (374) |
| Net change in cash | (164) | (31.46) | (183) | 127 | 265 | (17.08) | 1.20 |
| Closing cash | 183 | 339 | 341 | 578 | 375 | 122 | 163 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -6.1% | -2.7% | +17.5% | +46.2% | +0.1% | +24.3% | - |
| EBITDA growth | +12.6% | +85.9% | +11.1% | +44.7% | -49.8% | +145.3% | - |
| PBT growth | +19.3% | +80.4% | +60.5% | -37.6% | -54.4% | +214.7% | +9998.0% |
| Net income growth | +44.6% | +15.3% | +126.7% | -58.8% | -47.9% | +259.9% | - |
| Revenue CAGR (3Y) | +2.4% | +18.7% | +19.8% | +22.0% | +8.5% | +9.6% | -0.7% |
| EBITDA CAGR (3Y) | +32.5% | +44.0% | -6.9% | +21.3% | - | +23.2% | -21.1% |
| Profitability & leverage | |||||||
| Net income margin | +12.2% | +9.5% | +5.3% | +3.6% | +9.2% | +19.3% | +6.3% |
| Return on capital employed | +20.3% | +17.7% | +14.8% | +9.0% | +16.3% | +42.9% | +20.5% |
| Return on net worth | +16.2% | +13.5% | +14.1% | +6.5% | +16.9% | +47.7% | +16.8% |
| Debt / equity | 0.09 | 0.21 | 0.56 | 0.53 | 0.25 | 0.32 | 0.49 |
| Long-term debt / equity | 0.01 | 0.15 | 0.35 | 0.25 | 0.15 | 0.23 | 0.34 |
| Interest cover | 12.33 | 26.11 | 63.32 | 64.06 | 40.65 | 11.67 | 90.09 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 2.53 | 2.70 | 2.72 | 2.99 | 2.80 | 3.24 | 3.29 |
| Inventory turnover | 4.69 | 5.51 | 5.52 | 5.72 | 7.88 | 5.45 | 5.04 |
| Debtors turnover | 6.07 | 5.97 | 7.06 | 8.97 | 7.51 | 8.25 | 6.09 |
| EPS (₹) | 38.42 | 32.08 | 18.20 | 10.60 | 18.61 | 39.02 | 10.28 |
| Dividend per share (₹) | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 10.50 |
| Book value per share (₹) | 195.47 | 163.64 | 136.20 | 122.63 | 117.04 | 103.72 | 59.81 |
Investments & Acquisitions by Welspun Corp
Welspun Corp has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Nauyaan Shipyard.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Ship domestic appliances are manufactured and repairs are provided. | Anjar, India | 2021 | Sep 2022 | $73.84M |
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Timeline of Welspun Corp
3 dated milestones of Welspun Corp across 37 years, from founding to its latest funding, stage changes and deals.
- Founded Welspun Corp is founded.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Nauyaan Shipyard.
Web traffic of Welspun Corp
The website of Welspun Corp (welspuncorp.com) receives about 20.4K visits a month.
- Monthly visits20.4K
▲ 46.7% vs previous month
Websites whose visitors overlap most with Welspun Corp. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| welspun.com | 100% | 64K | #478,200 | View details | |
| welspuntowels.com | 75% | View details | |||
| welspunindia.com | 74% | View details | |||
| welspunflooring.com | 74% | #651,029 | View details | ||
welspunbathrobe.com | welspunbathrobe.com | 64% | – | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
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Related news about Welspun Corp
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Frequently Asked Questions about Welspun Corp
Welspun Corp was founded in 1985.
Welspun Corp is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Vipul Mathur is the CEO of Welspun Corp, as recorded in our data.
Welspun Corp has 4,280 employees.
The primary company behind Welspun Corp, Welspun Corp Limited, reported revenue of ₹17,248 Cr for FY 2026, up 20% year on year.
Welspun Corp Limited is involved in the production of industrial pipes and materials, offering end-to-end solutions for line pipes ranging from 1 to 143 inches. The company operates in sectors such as water infrastructure and construction, with products including Ductile Iron Pipes, TMT Rebars, and Stainless Steel Pipes. Facilities are spread across six continents, with manufacturing units in India, the USA, and Saudi Arabia. Emphasis is placed on technological innovation and ESG goals for sustainable growth. Expansion into B2C markets and strategic acquisitions are pursued to diversify the product portfolio and target new segments.
Welspun Corp offers Line Pipes, Ductile Iron Pipes, TMT Rebars, and Stainless Steel Pipes.
Yes, Welspun Corp is publicly traded on NSE under the ticker symbol WELCORP.
Welspun Corp has made 1 acquisition, including Nauyaan Shipyard.
Welspun Corp operates through Welspun Corp Limited.
The legal entities of Welspun Corp currently have 12 directors, including Balkrishan Gopiram Goenka, Percy Birdy, Manish Chokhani and others.

