About Welspun Corp Limited
Data last updated: 06 January 2026
Welspun Corp Limited is a public limited company based in Anjar, Gujarat, India. It specialises in pipe and tubes, a part of the broader manufacturing sector. Incorporated on 26 April 1995, the company has been in operation for over 31 years.
Registered with ROC Ahmedabad under CIN L27100GJ1995PLC025609. Listed on BSE: 532144 and NSE: WELCORP.
Capital: an authorised share capital of ₹552.05 Cr and a paid-up capital of ₹131.9 Cr. Formerly known as Welspun-Gujarat Stahl Rohren Limited. It is led by directors including Dipali Hemant Sheth and Rajesh Rameshkumar Mandawewala.
Last AGM: 31 July 2025. Financial statements filed for year ended 31 March 2024. Office: Welspun City Village Versamedi Taluka Anjar, Gujarat, India – 370110.
As per the financials filed for FY 2025, the company reported a revenue of ₹14,167 Cr, a decline of 19% compared to the previous year.
The company has a workforce of approximately 2,252 employees as per the latest available data. Its group structure includes 10 subsidiaries.
The company is associated with 1 brand - Welspun Corp. As per MCA filings, the company has open charges of ₹5,702.05 Cr and satisfied charges of ₹12,562 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website welspuncorp.com.
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Email*****@*****.com
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Telephone+91-****-******
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Website
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Social Media
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Registered AddressWelspun City Village Versamedi Taluka Anjar, Gujarat, India – 370110
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IndustryManufacturing, Pipe & Tubes
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of Welspun Corp Limited
Welspun Corp Limited has one previous CIN (Corporate Identification Number): L74110GJ1995PLC025609. The current CIN is L27100GJ1995PLC025609, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L27100GJ1995PLC025609 | Current |
| L74110GJ1995PLC025609 | Previous |
Associated Brands with Welspun Corp Limited
Welspun Corp Limited operates one associated brand: Welspun Corp. These brands represent Welspun Corp Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Large-diameter pipelines for oil, gas, and industrial uses are manufactured. | welspuncorp.com |
Business Activity of Welspun Corp Limited
Welspun Corp Limited is engaged in the principal business activity of manufacturing, with detailed activities including metal and metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | ********* |
Auditor Details of Welspun Corp Limited
Welspun Corp Limited is audited by BSR & Co. LLP (ICAI peer reviewed, certificate valid till 2028-07-31) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| BSR & Co. LLP (ICAI peer reviewed, certificate valid till 2028-07-31) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Welspun Corp Limited
Welspun Corp Limited is currently managed by 13 directors, with 36 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
|
Dipali Hemant Sheth
Also directs:
Awl Agri Business Limited, Endurance Technologies Limited, Raymond Realty Limited and 5 more
|
Director | 04 Aug 2023 | 2 Years 11 Months | Current |
|
Rajesh Rameshkumar Mandawewala
Also directs:
Welspun Real Estate Ventures Llp, Dbg Multiventures Llp, Welspun Living Limited and 5 more
|
Director | 26 Apr 1995 | 31 Years 2 Months | Current |
| Aneesh Misra | Director | 04 Aug 2023 | 2 Years 11 Months | Current |
| Raghupal Singh | Nominee Director | 09 Dec 2024 | 1 Years 7 Months | Current |
|
Ravindra Pandey
Also directs:
Welspun Specialty Solutions Limited, Dreamfolks Services Limited, Jamipol Limited and 5 more
|
Director | 21 Oct 2024 | 1 Years 8 Months | Current |
|
Anjani Kumar Agrawal
Also directs:
Ultratech Cement Limited, Hindalco Industries Limited, Vodafone Idea Limited and 5 more
|
Director | 01 Apr 2023 | 3 Years 3 Months | Current |
Financials of Welspun Corp Limited FY 2026 filings available
Welspun Corp Limited reported revenue of ₹16,770 Cr (up 19.98% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹16,770 Cr | ₹13,978 Cr | ₹17,340 Cr | ₹9,758.1 Cr | ₹6,505.11 Cr | ₹6,439.7 Cr | ₹9,956.76 Cr |
| Other Income | ₹135.25 Cr | ₹189.79 Cr | ₹242.46 Cr | ₹319.98 Cr | ₹551.22 Cr | ₹235.39 Cr | ₹115.89 Cr |
| Total Income | ₹16,905 Cr | ₹14,167 Cr | ₹17,582 Cr | ₹10,078 Cr | ₹7,056.33 Cr | ₹6,675.09 Cr | ₹10,073 Cr |
| Cost of Materials Consumed | ₹10,781 Cr | ₹9,576.06 Cr | ₹10,652 Cr | ₹8,865.21 Cr | ₹4,167.49 Cr | ₹3,181.22 Cr | ₹7,358.29 Cr |
| Purchases of Stock-in-Trade | ₹82.01 Cr | ₹32 Cr | ₹81.75 Cr | ₹27.78 Cr | ₹137.6 Cr | ₹557.47 Cr | ₹0 |
| Changes in Inventories | -₹605.04 Cr | -₹737.77 Cr | ₹1,365.37 Cr | -₹1,639.01 Cr | ₹452.95 Cr | ₹577.99 Cr | -₹823.49 Cr |
| Employee Benefit Expense | ₹1,246.46 Cr | ₹1,003.02 Cr | ₹937.64 Cr | ₹541.05 Cr | ₹383.48 Cr | ₹417.69 Cr | ₹636.5 Cr |
| Finance Costs | ₹212.17 Cr | ₹319.65 Cr | ₹304.38 Cr | ₹243.16 Cr | ₹101.89 Cr | ₹67.63 Cr | ₹144.02 Cr |
| Depreciation & Amortisation | ₹354.55 Cr | ₹351.07 Cr | ₹347.87 Cr | ₹302.97 Cr | ₹254.75 Cr | ₹214.57 Cr | ₹233.29 Cr |
| Other Expenses | ₹3,029.81 Cr | ₹2,436.05 Cr | ₹2,741.01 Cr | ₹1,478.5 Cr | ₹891.89 Cr | ₹930.84 Cr | ₹1,625.5 Cr |
| Total Expenses | ₹15,101 Cr | ₹12,980 Cr | ₹16,430 Cr | ₹9,819.66 Cr | ₹6,390.05 Cr | ₹5,947.41 Cr | ₹9,174.11 Cr |
| Profit Before Exceptional Items & Tax | ₹1,804.17 Cr | ₹1,187.25 Cr | ₹1,151.64 Cr | ₹258.42 Cr | ₹666.28 Cr | ₹727.68 Cr | ₹898.54 Cr |
| Exceptional Items | ₹0 | ₹465.68 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹1,804.17 Cr | ₹1,652.93 Cr | ₹1,151.64 Cr | ₹258.42 Cr | ₹666.28 Cr | ₹727.68 Cr | ₹898.54 Cr |
| Total Tax Expense | ₹526.02 Cr | ₹359.6 Cr | ₹277.48 Cr | ₹134.46 Cr | ₹216.39 Cr | ₹220.92 Cr | ₹412.45 Cr |
| Net Profit | ₹1,620.49 Cr | ₹1,902.28 Cr | ₹1,136 Cr | ₹199.17 Cr | ₹444.17 Cr | ₹630.65 Cr | ₹654.06 Cr |
| attributable to Owners | ₹1,613.05 Cr | ₹1,908.14 Cr | ₹1,110.4 Cr | ₹206.69 Cr | ₹438.8 Cr | ₹618.83 Cr | - |
| attributable to NCI | ₹7.44 Cr | -₹5.86 Cr | ₹25.6 Cr | -₹7.52 Cr | ₹5.36 Cr | ₹11.82 Cr | - |
| Other Comprehensive Income | ₹290.78 Cr | ₹43.15 Cr | ₹24.38 Cr | ₹114.68 Cr | ₹40.53 Cr | -₹33.77 Cr | ₹109.57 Cr |
| Total Comprehensive Income | ₹1,911.27 Cr | ₹1,945.43 Cr | ₹1,160.38 Cr | ₹313.85 Cr | ₹484.7 Cr | ₹596.88 Cr | ₹763.63 Cr |
| EBITDA (computed) | ₹2,370.89 Cr | ₹1,857.97 Cr | ₹1,803.89 Cr | ₹804.55 Cr | ₹1,022.92 Cr | ₹1,009.88 Cr | ₹1,275.85 Cr |
| Basic EPS | ₹61.23 | ₹72.80 | ₹42.45 | ₹7.91 | ₹16.82 | ₹24.14 | ₹25.56 |
| Diluted EPS | ₹61.20 | ₹72.44 | ₹42.32 | ₹7.89 | ₹16.77 | ₹24.08 | ₹25.50 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total Assets | ₹20,434 Cr | ₹15,237 Cr | ₹11,850 Cr | ₹15,339 Cr |
| Non-current Assets | ₹9,331.45 Cr | ₹6,799.93 Cr | ₹5,763.66 Cr | ₹5,688.99 Cr |
| Current Assets | ₹11,102 Cr | ₹8,431.39 Cr | ₹6,085.87 Cr | ₹9,648.72 Cr |
| Property, Plant & Equipment | ₹6,084.32 Cr | ₹4,252.39 Cr | ₹4,381.6 Cr | ₹4,499.56 Cr |
| Inventories | ₹4,655.66 Cr | ₹4,211.54 Cr | ₹2,315.56 Cr | ₹5,686.16 Cr |
| Trade Receivables | ₹1,718.93 Cr | ₹1,769.13 Cr | ₹1,799.09 Cr | ₹1,140.47 Cr |
| Cash & Equivalents | ₹1,512.59 Cr | ₹1,147.12 Cr | ₹818.73 Cr | ₹1,016.34 Cr |
| Equity (Net Worth) | ₹9,405.86 Cr | ₹7,728.75 Cr | ₹5,734.47 Cr | ₹4,844.14 Cr |
| Equity Share Capital | ₹131.9 Cr | ₹131.17 Cr | ₹130.83 Cr | ₹130.77 Cr |
| Borrowings (Non-current) | ₹1,597.73 Cr | ₹463.17 Cr | ₹1,622.37 Cr | ₹1,926.24 Cr |
| Borrowings (Current) | ₹564.81 Cr | ₹460.54 Cr | ₹285.5 Cr | ₹1,389.97 Cr |
| Total Debt (computed) | ₹2,162.54 Cr | ₹923.71 Cr | ₹1,907.87 Cr | ₹3,316.21 Cr |
| Current Liabilities | ₹8,349.81 Cr | ₹6,322.11 Cr | ₹3,976.84 Cr | ₹8,165.19 Cr |
| Total Liabilities | ₹11,028 Cr | ₹7,508.17 Cr | ₹6,115.76 Cr | ₹10,495 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹3,204.28 Cr | ₹1,503.67 Cr | ₹1,305.99 Cr | -₹185.13 Cr | ₹218.48 Cr |
| Investing Cash Flow | -₹3,722.8 Cr | ₹180.22 Cr | ₹367.4 Cr | -₹416.66 Cr | -₹209.09 Cr |
| Financing Cash Flow | ₹875.09 Cr | -₹1,369.08 Cr | -₹1,876.79 Cr | ₹908.76 Cr | ₹452.73 Cr |
| Capital Expenditure | ₹2,532.21 Cr | ₹852.72 Cr | ₹298.96 Cr | ₹1,194.18 Cr | ₹979.13 Cr |
| Free Cash Flow (computed) | ₹672.07 Cr | ₹650.95 Cr | ₹1,007.03 Cr | -₹1,379.31 Cr | -₹760.65 Cr |
| Dividends Paid | ₹131.89 Cr | ₹130.94 Cr | ₹130.7 Cr | ₹130.23 Cr | ₹164.77 Cr |
| Net Change in Cash | ₹365.47 Cr | ₹328.39 Cr | -₹197.62 Cr | ₹333.52 Cr | ₹470.41 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹4,312.56 Cr | ₹4,532.48 Cr | ₹4,373.61 Cr | ₹3,551.49 Cr | ₹3,924.97 Cr | ₹3,613.51 Cr | ₹3,301.83 Cr | ₹3,137.23 Cr | ₹4,461.17 Cr | ₹4,749.71 Cr | ₹4,059.45 Cr | ₹4,069.27 Cr |
| Other Income | ₹35.61 Cr | ₹29.56 Cr | ₹35.05 Cr | ₹35.03 Cr | ₹41.89 Cr | ₹43.06 Cr | ₹62.4 Cr | ₹42.44 Cr | ₹82.53 Cr | ₹8.46 Cr | ₹101.96 Cr | ₹49.51 Cr |
| Total Income | ₹4,348.17 Cr | ₹4,562.04 Cr | ₹4,408.66 Cr | ₹3,586.52 Cr | ₹3,966.86 Cr | ₹3,656.57 Cr | ₹3,364.23 Cr | ₹3,179.67 Cr | ₹4,543.7 Cr | ₹4,758.17 Cr | ₹4,161.41 Cr | ₹4,118.78 Cr |
| Cost of Materials Consumed | ₹2,490.55 Cr | ₹2,761.95 Cr | ₹2,767.41 Cr | ₹2,761.35 Cr | ₹2,895.22 Cr | ₹2,149.36 Cr | ₹2,284.19 Cr | ₹2,247.29 Cr | ₹2,602.07 Cr | ₹3,226.38 Cr | ₹2,729.39 Cr | ₹2,118.6 Cr |
| Purchases of Stock-in-Trade | ₹42.12 Cr | ₹15.57 Cr | ₹11.91 Cr | ₹12.41 Cr | ₹4.17 Cr | ₹12.14 Cr | ₹0 | ₹15.69 Cr | ₹38.61 Cr | ₹1.52 Cr | ₹14.43 Cr | ₹27.19 Cr |
| Changes in Inventories | ₹144.82 Cr | ₹70.55 Cr | -₹77.38 Cr | -₹743.03 Cr | -₹401.34 Cr | ₹159.14 Cr | -₹227.02 Cr | -₹268.55 Cr | ₹619.87 Cr | ₹82.5 Cr | -₹31.71 Cr | ₹694.71 Cr |
| Employee Benefit Expense | ₹322.83 Cr | ₹329.2 Cr | ₹309.38 Cr | ₹285.05 Cr | ₹268.31 Cr | ₹254.2 Cr | ₹260.67 Cr | ₹219.84 Cr | ₹234.73 Cr | ₹249.11 Cr | ₹240.01 Cr | ₹213.79 Cr |
| Finance Costs | ₹48.95 Cr | ₹50.66 Cr | ₹49.38 Cr | ₹63.18 Cr | ₹87.54 Cr | ₹82.26 Cr | ₹83.46 Cr | ₹66.39 Cr | ₹74.58 Cr | ₹62.5 Cr | ₹74.98 Cr | ₹92.32 Cr |
| Depreciation & Amortisation | ₹93.03 Cr | ₹92.54 Cr | ₹84.2 Cr | ₹84.78 Cr | ₹86.99 Cr | ₹90.04 Cr | ₹89.21 Cr | ₹84.83 Cr | ₹86.77 Cr | ₹89.55 Cr | ₹85.68 Cr | ₹85.87 Cr |
| Other Expenses | ₹808.44 Cr | ₹739.48 Cr | ₹771.19 Cr | ₹710.7 Cr | ₹698.43 Cr | ₹604.22 Cr | ₹584.39 Cr | ₹549.01 Cr | ₹635.74 Cr | ₹727.23 Cr | ₹707.81 Cr | ₹646.19 Cr |
| Total Expenses | ₹3,950.74 Cr | ₹4,059.95 Cr | ₹3,916.09 Cr | ₹3,174.44 Cr | ₹3,639.32 Cr | ₹3,351.36 Cr | ₹3,074.9 Cr | ₹2,914.5 Cr | ₹4,292.37 Cr | ₹4,438.79 Cr | ₹3,820.59 Cr | ₹3,878.67 Cr |
| Profit Before Exceptional Items & Tax | ₹397.43 Cr | ₹502.09 Cr | ₹492.57 Cr | ₹412.08 Cr | ₹327.54 Cr | ₹305.21 Cr | ₹289.33 Cr | ₹265.17 Cr | ₹251.33 Cr | ₹319.38 Cr | ₹340.82 Cr | ₹240.11 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹476.5 Cr | ₹12 Lakh | -₹10.94 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹397.43 Cr | ₹502.09 Cr | ₹492.57 Cr | ₹412.08 Cr | ₹804.04 Cr | ₹305.33 Cr | ₹278.39 Cr | ₹265.17 Cr | ₹251.33 Cr | ₹319.38 Cr | ₹340.82 Cr | ₹240.11 Cr |
| Total Tax Expense | ₹132.55 Cr | ₹136.6 Cr | ₹144.98 Cr | ₹111.89 Cr | ₹156.04 Cr | ₹77.2 Cr | ₹69.06 Cr | ₹57.3 Cr | ₹59.83 Cr | ₹78.98 Cr | ₹78.96 Cr | ₹59.71 Cr |
| Net Profit | ₹371.46 Cr | ₹456.36 Cr | ₹443.51 Cr | ₹349.16 Cr | ₹699.19 Cr | ₹672.19 Cr | ₹282.96 Cr | ₹247.94 Cr | ₹287.28 Cr | ₹293.7 Cr | ₹386.57 Cr | ₹168.45 Cr |
| attributable to Owners | ₹370.36 Cr | ₹452.59 Cr | ₹439.68 Cr | ₹350.42 Cr | ₹698.31 Cr | ₹674.7 Cr | ₹286.95 Cr | ₹248.18 Cr | ₹268.48 Cr | ₹291.86 Cr | ₹384.67 Cr | ₹165.39 Cr |
| attributable to NCI | ₹1.1 Cr | ₹3.77 Cr | ₹3.83 Cr | -₹1.26 Cr | ₹88 Lakh | -₹2.51 Cr | -₹3.99 Cr | -₹24 Lakh | ₹18.8 Cr | ₹1.84 Cr | ₹1.9 Cr | ₹3.06 Cr |
| Other Comprehensive Income | ₹168.95 Cr | ₹52.42 Cr | ₹78.41 Cr | -₹9 Cr | -₹5.29 Cr | ₹45.82 Cr | ₹3.53 Cr | -₹91 Lakh | ₹3.5 Cr | -₹3.55 Cr | ₹23.21 Cr | ₹1.22 Cr |
| Total Comprehensive Income | ₹540.41 Cr | ₹508.78 Cr | ₹521.92 Cr | ₹340.16 Cr | ₹693.9 Cr | ₹718.01 Cr | ₹286.49 Cr | ₹247.03 Cr | ₹290.78 Cr | ₹290.15 Cr | ₹409.78 Cr | ₹169.67 Cr |
| EBITDA (computed) | ₹539.41 Cr | ₹645.29 Cr | ₹626.15 Cr | ₹560.04 Cr | ₹502.07 Cr | ₹477.51 Cr | ₹462 Cr | ₹416.39 Cr | ₹412.68 Cr | ₹471.43 Cr | ₹501.48 Cr | ₹418.3 Cr |
| Basic EPS | ₹14.04 | ₹17.17 | ₹16.70 | ₹13.32 | ₹26.63 | ₹25.73 | ₹10.97 | ₹9.49 | ₹10.26 | ₹11.16 | ₹14.71 | ₹6.32 |
| Diluted EPS | ₹14.04 | ₹17.16 | ₹16.68 | ₹13.29 | ₹26.50 | ₹25.60 | ₹10.94 | ₹9.46 | ₹10.23 | ₹11.13 | ₹14.67 | ₹6.30 |
| Segment · Q4 FY26 (latest quarter) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Steel Products | ₹4,136.08 Cr | ₹447.54 Cr | ₹14,138 Cr | ₹7,448.59 Cr |
| Others (Including plastic products) | ₹176.48 Cr | -₹34.44 Cr | ₹1,388.11 Cr | ₹244.4 Cr |
| Segment · FY 2026 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Steel Products | ₹16,134 Cr | ₹2,026.5 Cr | - | - |
| Others (Including plastic products) | ₹636.03 Cr | -₹101.55 Cr | - | - |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹8,299.37 Cr | ₹8,835.19 Cr | ₹9,081.78 Cr | ₹6,916.67 Cr | ₹5,287.87 Cr | ₹4,642.11 Cr | ₹4,253.39 Cr |
| Other Income | ₹296.35 Cr | ₹146.79 Cr | ₹476.51 Cr | ₹289.73 Cr | ₹482.62 Cr | ₹858.35 Cr | ₹401.84 Cr |
| Total Income | ₹8,595.72 Cr | ₹8,981.98 Cr | ₹9,558.29 Cr | ₹7,206.4 Cr | ₹5,770.49 Cr | ₹5,500.46 Cr | ₹4,655.23 Cr |
| Cost of Materials Consumed | ₹6,103.51 Cr | ₹6,844.11 Cr | ₹6,573.85 Cr | ₹5,488.45 Cr | ₹3,932.06 Cr | ₹2,400.15 Cr | ₹3,757.65 Cr |
| Purchases of Stock-in-Trade | ₹40.43 Cr | ₹12 Lakh | ₹38.16 Cr | ₹202.88 Cr | ₹146.67 Cr | ₹15.22 Cr | ₹0 |
| Changes in Inventories | -₹374.77 Cr | -₹336.59 Cr | ₹621.12 Cr | -₹374.93 Cr | ₹20.4 Cr | ₹721.95 Cr | -₹865.91 Cr |
| Employee Benefit Expense | ₹338.88 Cr | ₹307.1 Cr | ₹254.47 Cr | ₹190.2 Cr | ₹209.02 Cr | ₹175.39 Cr | ₹199.19 Cr |
| Finance Costs | ₹107.64 Cr | ₹192.39 Cr | ₹205.39 Cr | ₹149.28 Cr | ₹76.88 Cr | ₹49.62 Cr | ₹111.37 Cr |
| Depreciation & Amortisation | ₹150.9 Cr | ₹172.57 Cr | ₹164.75 Cr | ₹108.98 Cr | ₹115.28 Cr | ₹97.34 Cr | ₹123.4 Cr |
| Other Expenses | ₹1,167.69 Cr | ₹1,110.97 Cr | ₹1,105.05 Cr | ₹734.7 Cr | ₹675.32 Cr | ₹753.95 Cr | ₹877.39 Cr |
| Total Expenses | ₹7,534.28 Cr | ₹8,290.67 Cr | ₹8,962.79 Cr | ₹6,499.56 Cr | ₹5,175.63 Cr | ₹4,213.62 Cr | ₹4,203.09 Cr |
| Profit Before Exceptional Items & Tax | ₹1,061.44 Cr | ₹691.31 Cr | ₹595.5 Cr | ₹706.84 Cr | ₹594.86 Cr | ₹1,286.84 Cr | ₹452.14 Cr |
| Exceptional Items | ₹220.1 Cr | ₹382.72 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹1,281.54 Cr | ₹1,074.03 Cr | ₹595.5 Cr | ₹706.84 Cr | ₹594.86 Cr | ₹1,286.84 Cr | ₹452.14 Cr |
| Total Tax Expense | ₹268.02 Cr | ₹232.34 Cr | ₹119.15 Cr | ₹178.2 Cr | ₹109.14 Cr | ₹277.63 Cr | ₹145.94 Cr |
| Net Profit | ₹1,013.52 Cr | ₹841.69 Cr | ₹476.35 Cr | ₹528.64 Cr | ₹485.72 Cr | ₹1,002.11 Cr | ₹268.14 Cr |
| Other Comprehensive Income | -₹36.62 Cr | -₹1.22 Cr | ₹1.41 Cr | ₹8.38 Cr | -₹9 Cr | ₹76 Lakh | -₹18.48 Cr |
| Total Comprehensive Income | ₹976.9 Cr | ₹840.47 Cr | ₹477.76 Cr | ₹537.02 Cr | ₹476.72 Cr | ₹1,002.87 Cr | ₹249.66 Cr |
| EBITDA (computed) | ₹1,319.98 Cr | ₹1,056.27 Cr | ₹965.64 Cr | ₹965.1 Cr | ₹787.02 Cr | ₹1,433.8 Cr | ₹686.91 Cr |
| Basic EPS | ₹38.47 | ₹32.11 | ₹18.21 | ₹20.23 | ₹18.61 | ₹38.68 | ₹11.62 |
| Diluted EPS | ₹38.45 | ₹31.95 | ₹18.15 | ₹20.17 | ₹18.57 | ₹38.58 | ₹11.59 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total Assets | ₹9,067.29 Cr | ₹8,139.94 Cr | ₹7,761.83 Cr | ₹6,916.31 Cr |
| Non-current Assets | ₹4,769.85 Cr | ₹3,814.41 Cr | ₹3,610.42 Cr | ₹2,998.6 Cr |
| Current Assets | ₹4,297.44 Cr | ₹4,299.31 Cr | ₹4,151.38 Cr | ₹3,916.73 Cr |
| Property, Plant & Equipment | ₹2,237.46 Cr | ₹2,077.38 Cr | ₹2,234.21 Cr | ₹931.29 Cr |
| Inventories | ₹1,701.63 Cr | ₹1,836.5 Cr | ₹1,372.69 Cr | ₹1,544.64 Cr |
| Trade Receivables | ₹1,422.28 Cr | ₹1,310.89 Cr | ₹1,650.9 Cr | ₹788.21 Cr |
| Cash & Equivalents | ₹110.38 Cr | ₹273.96 Cr | ₹305.4 Cr | ₹460.65 Cr |
| Equity (Net Worth) | ₹5,154.23 Cr | ₹4,299.48 Cr | ₹3,563.87 Cr | ₹3,472.34 Cr |
| Equity Share Capital | ₹131.9 Cr | ₹131.17 Cr | ₹130.83 Cr | ₹130.77 Cr |
| Borrowings (Non-current) | ₹40 Cr | ₹40 Cr | ₹1,130.95 Cr | ₹239.26 Cr |
| Borrowings (Current) | ₹377.4 Cr | ₹367.49 Cr | ₹114.92 Cr | ₹1,259.93 Cr |
| Total Debt (computed) | ₹417.4 Cr | ₹407.49 Cr | ₹1,245.87 Cr | ₹1,499.19 Cr |
| Current Liabilities | ₹3,490.7 Cr | ₹3,523.38 Cr | ₹2,810.02 Cr | ₹3,095.01 Cr |
| Total Liabilities | ₹3,913.06 Cr | ₹3,840.46 Cr | ₹4,197.96 Cr | ₹3,443.97 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹805.93 Cr | ₹1,000.71 Cr | ₹637.68 Cr | -₹323.38 Cr | ₹193.29 Cr |
| Investing Cash Flow | -₹733.09 Cr | ₹122.43 Cr | ₹725.52 Cr | ₹453.69 Cr | -₹162.55 Cr |
| Financing Cash Flow | -₹236.42 Cr | -₹1,154.58 Cr | -₹1,545.95 Cr | -₹26.16 Cr | ₹234.55 Cr |
| Capital Expenditure | ₹382.35 Cr | ₹110.25 Cr | ₹160.82 Cr | ₹67.32 Cr | ₹48.3 Cr |
| Free Cash Flow (computed) | ₹423.58 Cr | ₹890.46 Cr | ₹476.86 Cr | -₹390.7 Cr | ₹144.99 Cr |
| Dividends Paid | ₹131.89 Cr | ₹130.94 Cr | ₹130.71 Cr | ₹130.23 Cr | ₹130.27 Cr |
| Net Change in Cash | -₹163.58 Cr | -₹31.44 Cr | -₹182.75 Cr | ₹104.15 Cr | ₹265.29 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹2,270.45 Cr | ₹2,378.16 Cr | ₹1,822.41 Cr | ₹1,828.35 Cr | ₹2,281.06 Cr | ₹2,448.74 Cr | ₹2,032.88 Cr | ₹2,072.51 Cr | ₹2,877.46 Cr | ₹2,322.73 Cr | ₹1,778.34 Cr | ₹1,636.42 Cr |
| Other Income | ₹18.31 Cr | ₹12.67 Cr | ₹158.54 Cr | ₹106.83 Cr | ₹30.83 Cr | ₹32.47 Cr | ₹50.53 Cr | ₹32.96 Cr | ₹178.87 Cr | ₹9.3 Cr | ₹241.53 Cr | ₹52.15 Cr |
| Total Income | ₹2,288.76 Cr | ₹2,390.83 Cr | ₹1,980.95 Cr | ₹1,935.18 Cr | ₹2,311.89 Cr | ₹2,481.21 Cr | ₹2,083.41 Cr | ₹2,105.47 Cr | ₹3,056.33 Cr | ₹2,332.03 Cr | ₹2,019.87 Cr | ₹1,688.57 Cr |
| Cost of Materials Consumed | ₹1,543.41 Cr | ₹1,604.65 Cr | ₹1,447.37 Cr | ₹1,508.08 Cr | ₹1,878.95 Cr | ₹1,566.89 Cr | ₹1,727.1 Cr | ₹1,671.17 Cr | ₹2,166.02 Cr | ₹2,004.75 Cr | ₹1,327.38 Cr | ₹693.92 Cr |
| Purchases of Stock-in-Trade | ₹15.52 Cr | ₹9.51 Cr | ₹8.05 Cr | ₹7.35 Cr | ₹0 | ₹0 | ₹0 | ₹12 Lakh | ₹10.64 Cr | ₹0 | ₹8.35 Cr | ₹19.17 Cr |
| Changes in Inventories | -₹18.01 Cr | ₹111.14 Cr | -₹178.27 Cr | -₹289.63 Cr | -₹207 Cr | ₹230.89 Cr | -₹229.94 Cr | -₹130.54 Cr | ₹208.03 Cr | -₹152.34 Cr | ₹34.19 Cr | ₹551.9 Cr |
| Employee Benefit Expense | ₹78 Cr | ₹100.4 Cr | ₹84.17 Cr | ₹76.31 Cr | ₹76.32 Cr | ₹79.59 Cr | ₹82.2 Cr | ₹68.99 Cr | ₹64.01 Cr | ₹69.18 Cr | ₹64.48 Cr | ₹46.84 Cr |
| Finance Costs | ₹22.55 Cr | ₹27.55 Cr | ₹27.43 Cr | ₹30.11 Cr | ₹49.23 Cr | ₹47.66 Cr | ₹52.43 Cr | ₹43.07 Cr | ₹43.59 Cr | ₹43.09 Cr | ₹51.55 Cr | ₹35.41 Cr |
| Depreciation & Amortisation | ₹37.3 Cr | ₹36.94 Cr | ₹37.47 Cr | ₹39.19 Cr | ₹41.64 Cr | ₹42.91 Cr | ₹44.26 Cr | ₹43.76 Cr | ₹43.47 Cr | ₹43.45 Cr | ₹39.84 Cr | ₹22.53 Cr |
| Other Expenses | ₹317.45 Cr | ₹287.5 Cr | ₹272.91 Cr | ₹289.83 Cr | ₹289.24 Cr | ₹303.59 Cr | ₹262.06 Cr | ₹256.08 Cr | ₹293.55 Cr | ₹292.01 Cr | ₹273.97 Cr | ₹161.85 Cr |
| Total Expenses | ₹1,996.22 Cr | ₹2,177.69 Cr | ₹1,699.13 Cr | ₹1,661.24 Cr | ₹2,128.38 Cr | ₹2,271.53 Cr | ₹1,938.11 Cr | ₹1,952.65 Cr | ₹2,829.31 Cr | ₹2,300.14 Cr | ₹1,799.76 Cr | ₹1,531.62 Cr |
| Profit Before Exceptional Items & Tax | ₹292.54 Cr | ₹213.14 Cr | ₹281.82 Cr | ₹273.94 Cr | ₹183.51 Cr | ₹209.68 Cr | ₹145.3 Cr | ₹152.82 Cr | ₹227.02 Cr | ₹31.89 Cr | ₹220.11 Cr | ₹156.95 Cr |
| Exceptional Items | ₹4.89 Cr | ₹0 | ₹163.49 Cr | ₹51.72 Cr | ₹382.72 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹297.43 Cr | ₹213.14 Cr | ₹445.31 Cr | ₹325.66 Cr | ₹566.23 Cr | ₹209.68 Cr | ₹145.3 Cr | ₹152.82 Cr | ₹227.02 Cr | ₹31.89 Cr | ₹220.11 Cr | ₹156.95 Cr |
| Total Tax Expense | ₹65.52 Cr | ₹52.11 Cr | ₹79.56 Cr | ₹70.83 Cr | ₹102.25 Cr | ₹53.77 Cr | ₹37.04 Cr | ₹39.28 Cr | ₹38.3 Cr | ₹10 Cr | ₹41.66 Cr | ₹39.29 Cr |
| Net Profit | ₹231.91 Cr | ₹161.03 Cr | ₹365.75 Cr | ₹254.83 Cr | ₹463.98 Cr | ₹155.91 Cr | ₹108.26 Cr | ₹113.54 Cr | ₹188.72 Cr | ₹21.89 Cr | ₹178.45 Cr | ₹117.66 Cr |
| Other Comprehensive Income | -₹15.5 Cr | ₹19.61 Cr | -₹17.41 Cr | -₹23.32 Cr | ₹3.3 Cr | ₹67 Lakh | -₹8.61 Cr | ₹3.42 Cr | ₹1.7 Cr | -₹4.93 Cr | ₹1.8 Cr | ₹3.05 Cr |
| Total Comprehensive Income | ₹216.41 Cr | ₹180.64 Cr | ₹348.34 Cr | ₹231.51 Cr | ₹467.28 Cr | ₹156.58 Cr | ₹99.65 Cr | ₹116.96 Cr | ₹190.42 Cr | ₹16.96 Cr | ₹180.25 Cr | ₹120.71 Cr |
| EBITDA (computed) | ₹352.39 Cr | ₹277.63 Cr | ₹346.72 Cr | ₹343.24 Cr | ₹274.38 Cr | ₹300.25 Cr | ₹241.99 Cr | ₹239.65 Cr | ₹314.08 Cr | ₹118.43 Cr | ₹311.5 Cr | ₹214.89 Cr |
| Basic EPS | ₹8.79 | ₹6.11 | ₹13.89 | ₹9.68 | ₹17.69 | ₹5.94 | ₹4.14 | ₹4.34 | ₹7.21 | ₹0.84 | ₹6.82 | ₹4.50 |
| Diluted EPS | ₹8.79 | ₹6.11 | ₹13.87 | ₹9.66 | ₹17.60 | ₹5.92 | ₹4.13 | ₹4.33 | ₹7.19 | ₹0.83 | ₹6.81 | ₹4.49 |
Shareholding Pattern of Welspun Corp Limited
As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 49.73%, foreign institutional investors hold 11.23%, domestic institutional investors hold 21.49%, retail and other public shareholders hold 17.51% of Welspun Corp Limited. The company had 122,338 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 49.73% | 49.73% | 49.77% | 49.84% | 50.01% | 50.01% |
| Public | 50.24% | 50.24% | 50.20% | 50.13% | 49.96% | 49.96% |
| Employee Trusts | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% |
| Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 49.73% | 50.01% | 50.14% | 49.99% | 50.01% | 50.02% | 49.03% | 48.98% | 48.25% | 45.99% | 44.89% |
| Public | 50.24% | 49.96% | 49.83% | 50.01% | 49.99% | 49.98% | 50.97% | 51.02% | 51.75% | 54.01% | 55.11% |
| Employee Trusts | 0.03% | 0.03% | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Promoter change (YoY, %pts) | -0.28 | -0.13 | +0.15 | -0.02 | -0.01 | +0.99 | +0.05 | +0.73 | +2.26 | +1.10 | - |
Board & Governance of Welspun Corp Limited
As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Welspun Corp Limited has 10 directors - 5 independent and 1 executive. The board is chaired by Balkrishan Gopiram Goenka.
| Director | Position | On board since | Listed boards |
|---|---|---|---|
| Balkrishan Gopiram Goenka | Non-Executive - Non Independent Director · Chairperson | 1995-04-26 | 4 |
| Rajesh Mandawewala | Non-Executive - Non Independent Director | 1995-04-26 | 4 |
| Vipul Mathur | Executive Director · CEO-MD | 2017-12-01 | 2 |
| Ravindra Pandey | Non-Executive - Independent Director | 2024-10-21 | 3 |
| Manish Balkishan Chokhani | Non-Executive - Independent Director | 2023-02-02 | 4 |
| Anjani Kumar Agrawal | Non-Executive - Independent Director | 2023-04-01 | 5 |
| Dipali Hemant Sheth | Non-Executive - Independent Director | 2023-08-04 | 6 |
| Aneesh Misra | Non-Executive - Non Independent Director | 2023-08-04 | 1 |
| Chandra Shekhar Verma | Non-Executive - Independent Director | 2024-12-09 | 5 |
| Raghupal Singh | Non-Executive - Non Independent Director | 2024-12-09 | 1 |
| Committee | Members |
|---|---|
| Audit Committee | Anjani Kumar Agrawal (Chairperson), Ravindra Pandey, Chandra Shekhar Verma |
| Nomination and remuneration committee | Dipali Hemant Sheth (Chairperson), Anjani Kumar Agrawal, Ravindra Pandey |
| Stakeholders Relationship Committee | Manish Balkishan Chokhani (Chairperson), Vipul Mathur, Ravindra Pandey |
| Risk Management Committee | Anjani Kumar Agrawal (Chairperson), Vipul Mathur, Ravindra Pandey, Percy Birdy |
| Corporate Social Responsibility Committee | Dipali Hemant Sheth (Chairperson), Vipul Mathur, Anjani Kumar Agrawal |
Group Structure of Welspun Corp Limited
Welspun Corp Limited has 10 subsidiary companies and 2 associated companies. This group structure data is as of FY 2023. The corporate group structure reflects Welspun Corp Limited's business expansion strategy and organizational complexity.
| Company Name | CIN | Shares Held |
|---|---|---|
| Welspun Specialty Solutions Limited | L27100GJ1980PLC020358 | - |
| Sintex-Bapl Limited | U25199GJ2007PLC051364 | - |
| Mahatva Plastic Products And Building Materials Private Limited | U25209GJ2021PTC124887 | - |
| Welspun Metallics Limited | U27100GJ2020PLC115168 | - |
| Anjar Tmt Steel Private Limited | U27209GJ2021PTC122227 | - |
| Welspun Di Pipes Limited | U27320GJ2020PLC115329 | - |
Showing major subsidiaries. Total: 10.
Charges & Borrowings of Welspun Corp Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 18 Nov 2025 | Others | ₹2.05 Cr | Open |
| 14 May 2021 | Idbi Trusteeship Services Limited | ₹200 Cr | Open |
| 31 Mar 2006 | Idbi Trusteeship Services Limited | ₹5,500 Cr | Open |
| 20 Mar 2025 | Others | ₹15.25 Cr | Satisfied |
| 27 Mar 2024 | Others | ₹500 Cr | Satisfied |
Total charge records: 66 View all charges
Employees and EPFO Compliance at Welspun Corp Limited
Welspun Corp Limited has a workforce of 2,252 employees as of Mar 22, 2024.
Employee Count & EPFO Data of Welspun Corp Limited
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GST Compliance of Welspun Corp Limited
GSTIN & GST Filing Data of Welspun Corp Limited
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Credit Ratings, Litigation & Regulatory Alerts for Welspun Corp Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Welspun Corp Limited
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MSME Payment Delays by Welspun Corp Limited
MSME Payment Delays by Welspun Corp Limited
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Subsidiaries & Group Companies of Welspun Corp Limited
Subsidiaries & Group Companies of Welspun Corp Limited
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MCA Filings & Documents of Welspun Corp Limited
MCA Filings & Documents of Welspun Corp Limited
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Recent Activity on Welspun Corp Limited
Recent News on Welspun Corp Limited
Frequently Asked Questions about Welspun Corp Limited
Welspun Corp Limited is an active public limited company in the manufacturing sector based in Anjar, Gujarat, India. It was incorporated on 26 April 1995 (31+ years old) and is registered under CIN L27100GJ1995PLC025609. Listed on BSE: 532144 and NSE: WELCORP. The company has 2,252 employees.
Welspun Corp Limited reported revenue of ₹14,167 Cr for FY 2025 (down 19.00% YoY).
The current directors of Welspun Corp Limited are:
- Dipali Hemant Sheth
- Rajesh Rameshkumar Mandawewala
- Aneesh Misra
- Percy Kershasp Birdy
- Raghupal Singh
- Ravindra Pandey
- Vipul Mathur
- Anjani Kumar Agrawal
- Manish Balkishan Chokhani
- Chandra Shekhar Verma
- Balkrishan Gopiram Goenka
- Kamal Rathi
- Percy Birdy
The primary industry of Welspun Corp Limited is manufacturing. The company specifically operates in pipe and tubes. The company is currently active in this sector.
Yes. Welspun Corp Limited is listed on both BSE (code: 532144) and NSE (symbol: WELCORP).
Welspun Corp Limited can be reached at the registered office: Welspun City Village Versamedi Taluka Anjar, Gujarat, India – 370110, or through the website welspuncorp.com.