Welspun Corp Limited - manufacturing in Anjar, Gujarat, India. FY 2026 financials and compliance.
CIN L27100GJ1995PLC025609 Incorporated 26 April 1995 ROC Ahmedabad HQ Anjar, Gujarat, India
Active Listed - NSE: WELCORP · BSE: 532144 Public Limited Company manufacturing
Data last updated
Revenue · FY 2026
₹16,770 Cr
▲ 19.98% YoY
EBITDA · FY 2026
₹2,370.89 Cr
▲ 27.61% YoY
Net profit · FY 2026
₹1,620.49 Cr
▼ 14.81% YoY
Authorised capital
₹552.05 Cr
Registered with MCA
Paid-up capital
₹131.9 Cr
Issued & subscribed
Open charges
₹5,702.05 Cr
Satisfied ₹12,562 Cr
Company age
31 yrs
Est. 1995
Employees · EPFO
2,252
Latest available

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.

Company Details of Welspun Corp Limited
CIN L27100GJ1995PLC025609
Registration Number 025609
Incorporation Date 26 April 1995
ROC Ahmedabad
Listing Status Listed (BSE: 532144, NSE: WELCORP)
Company Status Active
Date of Last AGM 31 July 2025
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
Contact Details
  • Email
    *****@*****.com
  • Telephone
    +91-****-******
  • Website
  • Social Media
  • Registered Address
    Welspun City Village Versamedi Taluka Anjar, Gujarat, India – 370110
  • Industry
    Manufacturing, Pipe & Tubes
Company report
Welspun Corp Limited - full intelligence report
  • Historical Financials and ratios
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Financials, compliance, directors, charges, ownership and filings for Welspun Corp Limited in one report.

10-year financials Directors & ownership Charges & compliance

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.

Current Directors
Name Designation Appointment Date Tenure Status
Dipali Hemant Sheth Director 04 Aug 2023 2 Years 11 Months Current
Rajesh Rameshkumar Mandawewala 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 Director 21 Oct 2024 1 Years 8 Months Current
Anjani Kumar Agrawal Director 01 Apr 2023 3 Years 3 Months Current
Showing 6 of 13 current directors. View all directors

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.

Revenue · FY 2026
₹16,770 Cr ▲ 19.98%
Profit · FY 2026
₹1,620.49 Cr ▼ 14.81%
EBITDA · FY 2026
₹2,370.89 Cr ▲ 27.61%
Revenue₹ Cr · Consolidated010,00020,000FY 2020: ₹9,957 Cr9,957FY 2020FY 2021: ₹6,440 Cr · -35.3% YoY6,440-35.3%FY 2021FY 2022: ₹6,505 Cr · +1% YoY6,505+1%FY 2022FY 2023: ₹9,758 Cr · +50% YoY9,758+50%FY 2023FY 2024: ₹17,340 Cr · +77.7% YoY17,340+77.7%FY 2024FY 2025: ₹13,978 Cr · -19.4% YoY13,978-19.4%FY 2025FY 2026: ₹16,770 Cr · +20% YoY16,770+20%FY 2026
Net Profit₹ Cr · Consolidated01,0002,000FY 2020: ₹654 Cr654FY 2020FY 2021: ₹631 Cr · -3.6% YoY631-3.6%FY 2021FY 2022: ₹444 Cr · -29.6% YoY444-29.6%FY 2022FY 2023: ₹199 Cr · -55.2% YoY199-55.2%FY 2023FY 2024: ₹1,136 Cr · +470.4% YoY1,136+470.4%FY 2024FY 2025: ₹1,902 Cr · +67.5% YoY1,902+67.5%FY 2025FY 2026: ₹1,620 Cr · -14.8% YoY1,620-14.8%FY 2026
Quarterly Revenue₹ Cr · vs same quarter last year02,0004,0006,000Q1'25: ₹3,137 Cr · -22.9% YoY3,137-22.9%Q1'25Q2'25: ₹3,302 Cr · -18.7% YoY3,302-18.7%Q2'25Q3'25: ₹3,614 Cr · -23.9% YoY3,614-23.9%Q3'25Q4'25: ₹3,925 Cr · -12% YoY3,925-12%Q4'25Q1'26: ₹3,551 Cr · +13.2% YoY3,551+13.2%Q1'26Q2'26: ₹4,374 Cr · +32.5% YoY4,374+32.5%Q2'26Q3'26: ₹4,532 Cr · +25.4% YoY4,532+25.4%Q3'26Q4'26: ₹4,313 Cr · +9.9% YoY4,313+9.9%Q4'26
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
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
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
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
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
Latest 12 quarters shown of 23 on record.
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
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
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
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
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
Latest 12 quarters shown of 24 on record.
Want more history and ratios?
You're viewing the latest exchange-filed financials for Welspun Corp Limited. The full report adds 10+ years of line-item history, 20+ ratios, peer benchmarks and a downloadable PDF.
10+ years of history 20+ ratios & benchmarks Downloadable PDF

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.

Promoters: 49.73%DII (Domestic Institutional): 21.49%FII (Foreign Institutional): 11.23%Retail & Others: 17.51%
Mar 2026
QUARTER
49.73% Promoters
21.49% DII (Domestic Institutional)
11.23% FII (Foreign Institutional)
17.51% Retail & Others
Promoter holding - history
Now 49.73% · Mar 2026High 50.36% · Dec 2016Low 44.89% · Mar 2016
43%45.3%47.5%49.8%52%Dec 2015Jun 2018Sep 2020Jun 2023Dec 2025Dec 2015: 45.05%Mar 2016: 44.89%Jun 2016: 44.89%Sep 2016: 47.95%Dec 2016: 50.36%Mar 2017: 45.99%Jun 2017: 48.25%Sep 2017: 48.25%Dec 2017: 48.25%Mar 2018: 48.25%Jun 2018: 48.25%Sep 2018: 48.74%Dec 2018: 48.65%Mar 2019: 48.98%May 2019: 48.98%Jun 2019: 48.98%Sep 2019: 48.98%Dec 2019: 49.03%Mar 2020: 49.03%Jun 2020: 47.49%Sep 2020: 48.22%Dec 2020: 50.02%Mar 2021: 50.02%Jun 2021: 50.01%Dec 2021: 50.01%Mar 2022: 50.01%Jun 2022: 50.01%Sep 2022: 49.90%Dec 2022: 49.90%Mar 2023: 49.99%Jun 2023: 49.99%Sep 2023: 49.96%Dec 2023: 49.96%Mar 2024: 50.14%Jun 2024: 50.03%Sep 2024: 50.01%Dec 2024: 50.01%Mar 2025: 50.01%Jun 2025: 49.84%Sep 2025: 49.77%Dec 2025: 49.73%Mar 2026: 49.73%50.36%44.89%49.73%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Promoters49.73%49.73%49.77%49.84%50.01%50.01%
Public50.24%50.24%50.20%50.13%49.96%49.96%
Employee Trusts0.03%0.03%0.03%0.03%0.03%0.03%
Shareholding history - year on year (as at 31 March)
Mar 2026Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016
Promoters49.73%50.01%50.14%49.99%50.01%50.02%49.03%48.98%48.25%45.99%44.89%
Public50.24%49.96%49.83%50.01%49.99%49.98%50.97%51.02%51.75%54.01%55.11%
Employee Trusts0.03%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.

DirectorPositionOn board sinceListed 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
Board Committees
CommitteeMembers
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.

10
Subsidiary companies
2
Associated companies
Key Subsidiaries
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

Open charges
₹5,702.05 Cr
Satisfied charges
₹12,562 Cr
Breakdown by lending institutions
Idbi Trusteeship Services Limited₹5,700.00 Cr
Others₹2.05 Cr
Latest charge details
DateLenderAmountStatus
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
2,252
Active EPFO establishments
6
Employee growth
2.13%
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026

Employee Count & EPFO Data of Welspun Corp Limited

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Monthly employee headcount & PF contributions
EPFO establishment details & ECR filing status
Year-wise workforce analytics & attrition trends
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GST Compliance of Welspun Corp Limited

XX%
Compliant
GSTR-1
GSTR-3B
GSTR-9
MH
KA
UP
TN
TS

GSTIN & GST Filing Data of Welspun Corp Limited

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GSTIN registrations & state-wise presence
Filing compliance - GSTR-1, GSTR-3B, GSTR-9
HSN/SAC codes with goods & services details
Taxpayer type, jurisdiction & business constitution

Credit Ratings, Litigation & Regulatory Alerts for Welspun Corp Limited

Credit rating
AAA
AA+
AA
AA-
! !
2015 2017 2019 2021 2023
Litigation
District Court 35
High Court 45
Supreme Court 0
NCLT / NCLAT 0
Pending
Disposed
Regulatory alerts
GSTIN Cancelled
Andhra Pradesh
GSTIN Cancelled
Telangana (on application)
EPFO Delay
12 months delay - Haryana
Violations via Directors
20 MCA + 19 Bank defaults

Credit Ratings, Legal Cases & Regulatory Alerts of Welspun Corp Limited

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Credit rating history across CARE, ICRA, Brickwork & India Ratings
Instrument-wise ratings, outlook & action timeline
Court-wise litigation (District, High Court, Supreme Court, NCLT)
Group company & common directorship litigation
Statutory compliance alerts (GSTIN, EPFO, ROC)
Director & company violations (MCA, SEBI, Banks, BSE/NSE)

MSME Payment Delays by Welspun Corp Limited

MSME Payment Delays by Welspun Corp Limited

Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.

Amounts outstanding to MSME suppliers
Delay periods & reasons for delayed payments
Half-yearly MSME-1 filing history
Vendor-payment behaviour as a counterparty risk signal

Subsidiaries & Group Companies of Welspun Corp Limited

Subsidiaries & Group Companies of Welspun Corp Limited

See the full corporate group - holding company, subsidiaries, associates and joint ventures of Welspun Corp Limited with ownership details.

Holding & parent company details
Subsidiaries & step-down subsidiaries with % holding
Associates & joint ventures with partner details
Investments in other entities year-on-year

MCA Filings & Documents of Welspun Corp Limited

MCA Filings & Documents of Welspun Corp Limited

Download official documents filed with the Ministry of Corporate Affairs - from incorporation papers to the latest annual filings.

Incorporation documents, MoA & AoA
Annual returns (MGT-7) & financial statements (AOC-4)
Charge filings (CHG-1, CHG-4) & resolutions
Complete document index with filing dates

Recent Activity on Welspun Corp Limited

Charges
09 Dec 2025
A charge with Others of Rs. 2.05 Cr registered on 18 Nov 2025 with Charge ID 101188580 was modified on 09 Dec 2025.
Charges
18 Nov 2025
A charge with Others amounted to Rs. 2.05 Cr with Charge ID 101188580 was registered on 18 Nov 2025.
Charges
10 Nov 2025
A charge registered on 27 Mar 2024 via Charge ID 100889485 with Others was fully satisfied on 10 Nov 2025.
Charges
07 Nov 2025
A charge registered on 30 Nov 2022 via Charge ID 100656978 with Others was fully satisfied on 07 Nov 2025.
Charges
31 Oct 2025
A charge registered on 02 Sep 2022 via Charge ID 100610589 with Others was fully satisfied on 31 Oct 2025.
Charges
30 Oct 2025
A charge registered on 02 Sep 2022 via Charge ID 100608239 with Yes Bank Limited was fully satisfied on 30 Oct 2025.

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 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.

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