Welspun Corp Limited

BSE: 532144 NSE: WELCORP
Welspun Corp Limited - manufacturing in Anjar, Gujarat, India. FY 2026 financials & compliance.
CIN L27100GJ1995PLC025609 Incorporated 26 April 1995 ROC Ahmedabad HQ Anjar, Gujarat, India
Active Listed - NSE: WELCORP · BSE: 532144 Public Limited Company manufacturing Fortune India 500 · #177 Nifty 500
Data last updated
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)
28.3x
P/B 7.1x
ROE
19.5%
ROCE 22.9%
Debt / Equity
0.21
Interest cover 11.3x

About Welspun Corp Limited

Data last updated:

Welspun Corp Limited is a public limited company based in Anjar, Gujarat, India. It operates in the pipe and tubes segment of the manufacturing sector. It was incorporated on 26 April 1995 and has been in existence for over 31 years.

Welspun Corp is ranked #177 on the Fortune India 500 (2025). It is part of the Nifty 500 and BSE 500 indices. Its director Balkrishan Goenka is #56 among India's richest people (2026). Its director Rajesh R Mandawewala is #1,750 among India's richest people (2026).

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L27100GJ1995PLC025609. Its GSTIN is 24AAACW0744L1ZC (Gujarat). The company holds 30 GST registrations, of which 17 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 532144 and NSE: WELCORP.

The company has an authorised share capital of ₹552.05 Cr and a paid-up capital of ₹131.9 Cr. It was formerly known as Welspun-Gujarat Stahl Rohren Limited. It is led by directors including Vipul Mathur (Managing Director) and Balkrishan Gopiram Goenka.

Its last annual general meeting (AGM) was held on 31 July 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Welspun City Village Versamedi Taluka Anjar, Gujarat, India – 370110.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹16,770 Cr, a growth of 20% compared to the previous year. For the same year it recorded a net profit of ₹1,611.67 Cr (net margin 9.6%) and EBITDA of ₹2,235.64 Cr (EBITDA margin 13.3%). The net worth stands at ₹9,155.56 Cr (up 22.3% YoY). Total assets are valued at ₹12,084 Cr (up 33.7% YoY).

The company has about 2,252 employees on its provident fund (EPFO) records. 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 ₹5,504.53 Cr and satisfied charges of ₹12,762 Cr on record. Court records list 205 cases involving the company, including 106 filed by the company and 99 filed against it; 25 cases are pending. The company has 123 deals on record (98 market trades, 20 funding rounds, 3 secondary share transfers), with disclosed funding of ₹2,765.52 Cr; the latest was in August 2024. Its 6 peer companies in the Manufacturing industry (Pipes), with the same principal business activity (metal and metal products) are compared by revenue, 2 larger and 4 smaller; the largest is Jindal Saw Limited with revenue of ₹20,948 Cr. The company has 6 MSME Form 1 returns on record between 2020 and 2024, listing 49 overdue payments to 32 micro and small suppliers.

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

CIN L27100GJ1995PLC025609
Registration Number 025609
Incorporation Date 26 April 1995
ROC Ahmedabad
Listing Status Listed - Listed on NSE (WELCORP); Listed on BSE (532144)
Company Status Active
Date of Last AGM 31 July 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant

CIN history

Welspun Corp has one previous CIN (Corporate Identification Number): L74110GJ1995PLC025609. The current CIN is L27100GJ1995PLC025609, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L27100GJ1995PLC025609Current
L74110GJ1995PLC025609Previous
Key People
Vipul Mathur Managing Director Balkrishan Gopiram Goenka Director Manish Chokhani Director

Recognitions & Rankings of Welspun Corp

Fortune India 500 2025 edition
Rank#177
Total income
₹15,980 Cr
Profit
₹1,908 Cr
Last year #153
India's Most Valuable Companies 2024 edition · Source: Hurun India
Rank#270
Valuation
₹21,060 Cr
2023 #268 2023 #351 2022 #411
Stock market indices
Nifty 500 BSE 500

Contact details

Welspun Corp Limited's registered office is in Anjar, Gujarat. Its website is welspuncorp.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    welspuncorp.com
  • Social Media
  • Registered Address
    Welspun City Village Versamedi Taluka Anjar, Gujarat, India – 370110
  • Industry
    Manufacturing, Pipe & Tubes

To see the full contact details of Welspun Corp Limited, buy the company report.

Comprehensive company report
Welspun Corp Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Welspun Corp operates one associated brand: Welspun Corp. Each brand links to its own profile.

BrandDescriptionWebsite
Welspun Corp
Large-diameter pipelines for oil, gas, and industrial uses are manufactured.welspuncorp.com

Business activity

The main business activity of Welspun Corp is manufacturing. In detail, this covers metal and metal products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC7Metal and metal products

To see the full business activity and turnover split of Welspun Corp Limited, buy the company report.

Financials of Welspun Corp Limited

FY 2025-26 filings available

Welspun Corp Limited reported revenue of ₹16,770 Cr (up 20% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹16,770 Cr
+20.0% YoY
EBITDA
₹2,236 Cr
+34.0% YoY
Profit After Tax
₹1,612 Cr
+32.9% YoY
Net Worth
₹9,156 Cr
+22.3% YoY
Total Assets
₹12,084 Cr
+33.7% YoY
Total Debt
₹2,355 Cr
+117.6% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue16,77013,97817,3409,7586,5057,1539,957
Revenue growth+20.0%-19.4%+77.7%+50.0%-9.1%-28.2%-
EBITDA2,2361,6681,5614854667841,122
EBITDA margin+13.3%+11.9%+9.0%+5.0%+7.2%+11.0%+11.3%
Profit before tax2,1472,2621,4133346611,0821,067
Net profit1,6121,2121,019154443613654
Net profit margin+9.6%+8.7%+5.9%+1.6%+6.8%+8.6%+6.6%
EPS (₹)61.1572.7442.447.9016.8229.4224.36
Balance sheet
Total assets12,0849,0417,8778,3956,6835,7664,469
Net worth9,1567,4845,6354,7494,8314,1343,215
Total debt2,3551,0831,9303,3451,6559701,061
Cash & bank2,9721,2551,0721,202701259514
Net working capital2,5272,0491,9551,9094761,3462,079
Cash flow
Cash from operations3,2041,5041,306(185)218774648
Cash from investing(3,714)194373(348)(201)(848)(48.89)
Cash from financing875(1,369)(1,877)909453(198)(743)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue4,0814,3134,5324,3743,5513,9253,6143,302
Revenue growth (YoY)+14.9%+9.9%+25.4%+32.5%+13.2%---
Other income68514212013184.00570487136
EBITDA692504616591525460434389
EBITDA margin+17.0%+11.7%+13.6%+13.5%+14.8%+11.7%+12.0%+11.8%
Depreciation12593.0392.5484.2084.7886.9990.0489.21
Interest45.1848.9550.6649.3863.1887.5482.2683.46
Profit before tax1,207504593588461855749352
Tax15913313714511215677.2069.06
Net profit1,048371456444349699672283
EPS (₹)39.6514.0417.1616.6813.2926.5025.7310.94
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue8,2998,8359,0827,7315,2885,2854,253
Revenue growth-6.1%-2.7%+17.5%+46.2%+0.1%+24.3%-
EBITDA1,024909489440304606247
EBITDA margin+12.3%+10.3%+5.4%+5.7%+5.8%+11.5%+5.8%
Profit before tax1,2821,0745963715951,303414
Net profit766529459203491943262
Net profit margin+9.2%+6.0%+5.1%+2.6%+9.3%+17.9%+6.2%
EPS (₹)38.4232.0818.2010.6018.6139.0210.28
Balance sheet
Total assets5,7724,8444,9495,8564,4693,7912,562
Net worth5,1544,2993,5643,2073,4062,7071,560
Total debt4304171,2592,536978559822
Cash & bank183339341578375122163
Net working capital6377591,1071,3915149281,203
Cash flow
Cash from operations8061,001638(439)19337816.16
Cash from investing(733)122726(27.02)(163)(198)359
Cash from financing(236)(1,155)(1,546)593235(197)(374)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,5672,2702,3781,8221,8282,2812,4492,033
Revenue growth (YoY)-14.3%-0.5%-2.9%-10.4%-11.8%---
Other income38.4823.2012.6732215941432.4750.53
Total expenses1,3941,9362,1131,6341,5922,0382,1811,841
EBITDA173334265188236244268191
EBITDA margin+11.1%+14.7%+11.1%+10.3%+12.9%+10.7%+10.9%+9.4%
Depreciation40.6337.3036.9437.4739.1941.6442.9144.26
Interest14.6322.5527.5527.4330.1149.2347.6652.43
Profit before tax156297213445326566210145
Tax40.6065.5252.1179.5670.8310253.7737.04

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 30 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue4,0814,3134,5324,3743,5513,9253,6143,302
Revenue growth (YoY)+14.9%+9.9%+25.4%+32.5%+13.2%---
Other income68514212013184.00570487136
EBITDA692504616591525460434389
EBITDA margin+17.0%+11.7%+13.6%+13.5%+14.8%+11.7%+12.0%+11.8%
Depreciation12593.0392.5484.2084.7886.9990.0489.21
Interest45.1848.9550.6649.3863.1887.5482.2683.46
Profit before tax1,207504593588461855749352
Tax15913313714511215677.2069.06
Net profit1,048371456444349699672283
EPS (₹)39.6514.0417.1616.6813.2926.5025.7310.94
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue16,77013,97817,3409,7586,5057,1539,957
Revenue growth+20.0%-19.4%+77.7%+50.0%-9.1%-28.2%-
Other income4781,264504395551629322
Total expenses14,53412,30915,7789,2746,0396,3698,835
Employee cost1,2461,003938541383454636
EBITDA2,2361,6681,5614854667841,122
EBITDA margin+13.3%+11.9%+9.0%+5.0%+7.2%+11.0%+11.3%
Depreciation355351348303255246233
Interest21232030424310284.95144
Profit before tax2,1472,2621,4133346611,0821,067
Tax526360277134216255412
Net profit1,6121,2121,019154443613654
Net profit margin+9.6%+8.7%+5.9%+1.6%+6.8%+8.6%+6.6%
EPS (₹)61.1572.7442.447.9016.8229.4224.36
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital132171168166533181130
Reserves & surplus9,0267,3065,4674,5824,2983,9463,085
Shareholders' funds (net worth)9,1567,4845,6354,7494,8314,1343,215
Minority interest25026611811299.2312714.12
Secured loans2,0297601,8492,564995601530
Unsecured loans32732280.70781660369531
Total debt2,3551,0831,9303,3451,6559701,061
Total liabilities12,0849,0417,8778,3956,6835,7664,469
Assets
Gross block10,2227,9077,6677,4544,6334,5532,922
Net block6,5364,7074,8004,9102,4332,5991,617
Capital work in progress1,24178786.6986.901,26114782.51
Investments1,8641,4021,1001,5372,3071,713784
Inventories4,6564,2122,3165,6861,0191,2132,268
Sundry debtors1,7191,7691,7991,1408136691,144
Cash & bank balances2,9721,2551,0721,202701259514
Loans & advances9386544516452909801,361
Total current assets10,2857,8905,6388,6742,8233,1215,287
Total current liabilities7,7575,8413,6826,7652,3471,7753,208
Net working capital2,5272,0491,9551,9094761,3462,079
Total assets12,0849,0417,8778,3956,6835,7664,469
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash1,1478191,016640170441585
Net cash from operating activities3,2041,5041,306(185)218774648
Net cash from investing activities(3,714)194373(348)(201)(848)(48.89)
Net cash from financing activities875(1,369)(1,877)909453(198)(743)
Net change in cash365328(198)376470(271)(144)
Closing cash2,9721,2551,0721,202701259514
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 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 / equity0.210.230.510.520.290.280.39
Long-term debt / equity0.140.170.340.310.180.150.27
Interest cover11.2824.2725.08133.9048.2415.8016.21
Efficiency & per share
Fixed asset turnover1.851.802.291.611.421.913.61
Inventory turnover3.784.284.332.915.834.114.43
Debtors turnover9.627.8311.809.998.787.898.57
EPS (₹)61.1572.7442.447.9016.8229.4224.36
Dividend per share (₹)5.005.005.005.005.005.0010.50
Book value per share (₹)347.15283.50213.92180.21169.69156.26123.24
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,5672,2702,3781,8221,8282,2812,4492,033
Revenue growth (YoY)-14.3%-0.5%-2.9%-10.4%-11.8%---
Other income38.4823.2012.6732215941432.4750.53
Total expenses1,3941,9362,1131,6341,5922,0382,1811,841
EBITDA173334265188236244268191
EBITDA margin+11.1%+14.7%+11.1%+10.3%+12.9%+10.7%+10.9%+9.4%
Depreciation40.6337.3036.9437.4739.1941.6442.9144.26
Interest14.6322.5527.5527.4330.1149.2347.6652.43
Profit before tax156297213445326566210145
Tax40.6065.5252.1179.5670.8310253.7737.04
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue8,2998,8359,0827,7315,2885,2854,253
Revenue growth-6.1%-2.7%+17.5%+46.2%+0.1%+24.3%-
Other income516530477262483865402
Total expenses7,2767,9268,5937,2914,9834,6794,006
Employee cost339307254218209197199
EBITDA1,024909489440304606247
EBITDA margin+12.3%+10.3%+5.4%+5.7%+5.8%+11.5%+5.8%
Depreciation151173165138115110123
Interest10819220519476.8857.94111
Profit before tax1,2821,0745963715951,303414
Tax26823211993.84109285146
Net profit766529459203491943262
Net profit margin+9.2%+6.0%+5.1%+2.6%+9.3%+17.9%+6.2%
EPS (₹)38.4232.0818.2010.6018.6139.0210.28
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital132131131131482130130
Reserves & surplus5,0254,1623,4333,0762,9242,5751,430
Shareholders' funds (net worth)5,1544,2993,5643,2073,4062,7071,560
Secured loans2832651,2061,924435481538
Unsecured loans14615253.4961254377.49285
Total debt4304171,2592,536978559822
Total liabilities5,7724,8444,9495,8564,4693,7912,562
Assets
Gross block3,4143,1543,3913,2771,8891,8891,371
Net block2,2802,1222,2712,2881,0071,094817
Capital work in progress30.3135.7519.7154.955.1410.3467.38
Investments2,8351,9511,4721,9562,7461,723506
Inventories1,7021,8361,3731,9157905521,387
Sundry debtors1,4221,3111,651921801606675
Cash & bank balances183339341578375122163
Loans & advances4354234334175031,0161,196
Total current assets3,7423,9093,7983,8322,4702,2973,421
Total current liabilities3,1053,1512,6912,4401,9551,3682,219
Net working capital6377591,1071,3915149281,203
Total assets5,7724,8444,9495,8564,4693,7912,562
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash27430548836191.21108107
Net cash from operating activities8061,001638(439)19337816.16
Net cash from investing activities(733)122726(27.02)(163)(198)359
Net cash from financing activities(236)(1,155)(1,546)593235(197)(374)
Net change in cash(164)(31.46)(183)127265(17.08)1.20
Closing cash183339341578375122163
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 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 / equity0.090.210.560.530.250.320.49
Long-term debt / equity0.010.150.350.250.150.230.34
Interest cover12.3326.1163.3264.0640.6511.6790.09
Efficiency & per share
Fixed asset turnover2.532.702.722.992.803.243.29
Inventory turnover4.695.515.525.727.885.455.04
Debtors turnover6.075.977.068.977.518.256.09
EPS (₹)38.4232.0818.2010.6018.6139.0210.28
Dividend per share (₹)5.005.005.005.005.005.0010.50
Book value per share (₹)195.47163.64136.20122.63117.04103.7259.81

To see the full year-wise statements and ratios of Welspun Corp Limited, buy the company report.

Board of directors of Welspun Corp Limited

Welspun Corp has 10 current directors and 27 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Balkrishan Gopiram Goenka
Also directs: Welspun Real Estate Ventures LLP, DBG Multiventures LLP, Welspun Living Limited and 5 more
Director26 Apr 199531 Years 6 MonthsCurrent
Manish Chokhani
Also directs: Laxmi Organic Industries Limited, Landmark Cars Limited, Chalet Hotels Limited and 3 more
Director02 Feb 20233 Years 8 MonthsCurrent
Rajesh Mandawewala
Also directs: Welspun Real Estate Ventures LLP, DBG Multiventures LLP, Welspun Living Limited and 5 more
Director26 Apr 199531 Years 6 MonthsCurrent
Vipul Mathur
Also directs: Welspun Specialty Solutions Limited, Welspun Di Pipes Limited, Gladiator Consultancy Private Limited
Managing Director01 Dec 20178 Years 10 MonthsCurrent
Chandra Shekhar Verma
Also directs: Ikio Technologies Limited, Shyam Metalics and Energy Limited, SML Mahindra Limited and 3 more
Director09 Dec 20241 Years 10 MonthsCurrent
Raghupal SinghNominee Director09 Dec 20241 Years 10 MonthsCurrent
Showing 6 of 10 current directors. View all directors

Peer comparison

Welspun Corp Limited is compared with the 6 companies closest to it by revenue in the Manufacturing industry (Pipes), with the same principal business activity (metal and metal products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Jindal Saw Limited₹20,948 Cr (FY 2025)-1.0%Uttar Pradesh, India
Apl Apollo Tubes Limited₹20,786 Cr (FY 2025)14.0%Delhi, India
Welspun Corp Limitedthis company₹16,770 Cr (FY 2026)₹1,611.67 Cr9.6%20.0%2,252Anjar, Gujarat, India
Surya Roshni Limited₹7,465.55 Cr (FY 2025)-5.0%Bahadurgarh, Haryana, India
Electrosteel Castings Ltd₹7,443.08 Cr (FY 2025)-2.0%Sundergarh, Odisha, India
Maharashtra Seamless Limited₹5,465.89 Cr (FY 2025)-1.0%Raigad, Maharashtra, India
Ratnamani Metals and Tubes Limited₹5,246.09 Cr (FY 2025)2.0%Ahmedabad, Gujarat, India

To see the full peer comparison of Welspun Corp Limited, buy the company report.

Auditor

Welspun Corp Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2023.

Auditor firmFinancial yearFirm registration number
Price Waterhouse Chartered Accountants LLPFY 2023012754N / N500016

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 49.70%, foreign institutional investors hold 14.60%, domestic institutional investors hold 20.00% and retail and other public shareholders hold 15.70%.

Promoters: 49.70%DII (Domestic Institutional): 20.00%FII (Foreign Institutional): 14.60%Retail & Others: 15.70%
Sep 2026
QUARTER
49.70% Promoters
20.00% DII (Domestic Institutional)
14.60% FII (Foreign Institutional)
15.70% Retail & Others
Promoter holding - history
Now 49.70% · Sep 2026High 49.80% · Dec 2025Low 49.70% · Mar 2026
48%48.8%49.5%50.3%51%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 49.80%Mar 2026: 49.70%Jun 2026: 49.70%Sep 2026: 49.70%49.80%49.70%49.70%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters49.70%49.70%49.70%49.80%
Public50.30%50.30%50.30%50.20%

Charges & borrowings

Open charges
₹5,504.53 Cr
Satisfied charges
₹12,762 Cr
Breakdown by lending institutions
Idbi Trusteeship Services Limited₹5,500.00 Cr
Others₹4.53 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
18 Nov 2025101188580Others₹4.53 CrOpen
31 Mar 200610006683Idbi Trusteeship Services Limited₹5,500 CrOpen
20 Mar 2025101073654Others₹15.25 CrSatisfied
27 Mar 2024100889485Others₹500 CrSatisfied
30 Nov 2022100656978Others₹250 CrSatisfied

To see the full charge records of Welspun Corp Limited, buy the company report.

Total charge records: 66 View all charges

Deals & funding

Welspun Corp Limited has 123 deals on record (98 market trades, 20 funding rounds, 3 secondary share transfers), with disclosed funding of ₹2,765.52 Cr; the latest was in August 2024.

Total deals
123
Market trades
98
Funding rounds
20
Secondary share transfers
3
Acquisitions
2
Disclosed funding
₹2,765.52 Cr

Deals on record (5 of 123)

WhenDealAmountParties
Apr 2022Market trade₹25.35 CrBuyer: Winro Commercial (India) Ltd
Nov 2021Market trade₹51.36 CrBuyer: XTX Markets LLP , Capri Global Ventures Private Limited
Seller: XTX Markets LLP
Mar 2021Acquisition₹848.5 CrBuyer: Laptev Finance Private Limited
Seller: Welspun Corp Limited
Aug 2020Market trade₹13.14 CrBuyer: Authum Investment & Infrastructure Limited
Seller: Authum Investment & Infrastructure Limited
Aug 2020Market trade₹46.2 CrBuyer: Altura Capital Advisiors Llp
Seller: Authum Investment & Infrastructure Limited

To see the full deal history of Welspun Corp Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Welspun Corp Limited was last rated by Care on 05 Aug 2026.

Rating agencyRated onRating
Care05 Aug 2026

To see the full credit ratings and regulatory alerts of Welspun Corp Limited, buy the company report.

MSME payment delays

Welspun Corp Limited has 6 MSME Form 1 returns on record between 2020 and 2024, listing 49 overdue payments to 32 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 32)

SupplierAmount dueDue sinceReported on
an individual supplier
an individual supplier
Others As Per Attached
an individual supplier
LGT Business Connextions Limited

To see the full MSME payment records of Welspun Corp Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

Welspun Corp has 10 subsidiary companies and 2 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

10
Subsidiary companies
2
Associated companies
Key subsidiaries
Company NameCINShares held
Welspun Specialty Solutions LimitedL27100GJ1980PLC020358
Sintex-Bapl LimitedU25199GJ2007PLC051364
Mahatva Plastic Products and Building Materials Private LimitedU25209GJ2021PTC124887
Welspun Metallics LimitedU27100GJ2020PLC115168
Anjar TMT Steel Private LimitedU27209GJ2021PTC122227
Welspun Di Pipes LimitedU27320GJ2020PLC115329

To see the full group structure of Welspun Corp Limited, buy the company report.

Employees & EPFO

Welspun Corp Limited has a workforce of 2,252 employees on its EPFO records as of Mar 22, 2024, across 6 active EPFO establishments.

Employee count
2,252
Active EPFO establishments
6
Employee growth
2.13%

GST

Welspun Corp has 30 GST registrations: 17 active and 13 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
30
Active
17
Cancelled / inactive
13
GSTINStateStatusRegistered on
24AAACW0744L1ZCGujaratActive01 Jul 2017
24AAACW0744L3ZAGujaratActive15 Mar 2022
21AAACW0744L1ZIOdishaActive01 Jul 2017
27AAACW0744L1Z6MaharashtraActive01 Jul 2017

To see the full GST registrations and return filing status of Welspun Corp Limited, buy the company report.

Recent activity

Welspun Corp Limited has 61 board changes on record since 1995: 36 appointments and 25 cessations. The latest: Chandra Shekhar Verma was appointed as Director on 09 Dec 2024.

Charges
A charge with Others of Rs. 4.53 Cr registered on 18 Nov 2025 with Charge ID 101188580 was modified on 17 Apr 2026.
Filing
Welspun Corp Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
Charges
A charge registered on 14 May 2021 via Charge ID 100455640 with Idbi Trusteeship Services Limited was fully satisfied on 26 Feb 2026.
Charges
A charge with Others amounted to Rs. 4.53 Cr with Charge ID 101188580 was registered on 18 Nov 2025.
Charges
A charge registered on 27 Mar 2024 via Charge ID 100889485 with Others was fully satisfied on 10 Nov 2025.
Charges
A charge registered on 30 Nov 2022 via Charge ID 100656978 with Others was fully satisfied on 07 Nov 2025.
Charges
A charge registered on 02 Sep 2022 via Charge ID 100610589 with Others was fully satisfied on 31 Oct 2025.
Charges
A charge registered on 02 Sep 2022 via Charge ID 100608239 with Yes Bank Limited was fully satisfied on 30 Oct 2025.
Charges
A charge registered on 20 Mar 2025 via Charge ID 101073654 with Others was fully satisfied on 22 Aug 2025.
AGM
Welspun Corp Limited last Annual general meeting of members was held on 31 Jul 2025 as per latest MCA records.
Charges
A charge with Others of Rs. 15.25 Cr registered on 20 Mar 2025 with Charge ID 101073654 was modified on 23 Jul 2025.
Charges
A charge registered on 26 Jul 2022 via Charge ID 100608077 with Axis Bank Limited was fully satisfied on 03 Jul 2025.

217 earlier events are in the company report.

News

Welspun Corp: Maintains US EBITDA Per Tonne Guidance At $250, Expecting To Stay Within This Range.
30 Oct 2026 · Exchange Update
Welspun Corp: Faces Concerns Over India's Water Segment Underperformance.
30 Oct 2026 · Exchange Update
Welspun Corp: Maintains US EBITDA Per Tonne Guidance At $250, Expecting To Stay Within This Range.
30 Oct 2026 · Exchange Update
WELCORP: Q2 CONS NET PROFIT 5B RUPEES VS 4.4B (YOY)
29 Oct 2026 · Exchange Update
WELCORP: Q2 EBITDA 7.3B RUPEES VS 5.91B (YOY); Q2 EBITDA MARGIN 15.65% VS 13.52% (YOY)
29 Oct 2026 · Exchange Update
Welspun Corp: Approves $115 Million For New Spiral Pipe Facility In The USA And $125 Million For Pipe Manufacturing In Jordan.
29 Oct 2026 · Exchange Update

Frequently asked questions

Welspun Corp is an active public limited company based in Anjar, Gujarat, India. The company works in pipe and tubes, within the manufacturing industry. It was incorporated on 26 April 1995 (31+ years old) and is registered under CIN L27100GJ1995PLC025609. Listed on BSE: 532144 and NSE: WELCORP.

Welspun Corp reported revenue of ₹16,770 Cr for FY 2025-26 (up 20% YoY) based on consolidated financials.

Welspun Corp has 10 current directors:

The latest financial statements of Welspun Corp on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 31 July 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Welspun Corp is 24AAACW0744L1ZC, registered in Gujarat. The company has 30 GST registrations in all, of which 17 are active and 13 are cancelled or inactive. Other active GSTINs include 24AAACW0744L3ZA (Gujarat), 21AAACW0744L1ZI (Odisha), 27AAACW0744L1Z6 (Maharashtra).

The CIN (Corporate Identification Number) of Welspun Corp is L27100GJ1995PLC025609. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Welspun Corp is a listed company as per MCA records. Its shares are listed on both BSE (code: 532144) and NSE (symbol: WELCORP).

Welspun Corp has 205 court cases on record: 106 filed by the company and 99 filed against it. 25 are pending. Most are in the high courts.

Welspun Corp was incorporated on 26 April 1995, making it 31+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Welspun Corp has 123 deals on record (98 market trades, 20 funding rounds, 3 secondary share transfers), with disclosed funding of ₹2,765.52 Cr; the latest was in August 2024.

The peers of Welspun Corp by revenue are Jindal Saw Limited, Apl Apollo Tubes Limited, Surya Roshni Limited, Electrosteel Castings Ltd, Maharashtra Seamless Limited and 1 more, all in the Manufacturing industry (Pipes), with the same principal business activity (metal and metal products).

Chandra Shekhar Verma was appointed as Director on 09 Dec 2024. Raghupal Singh was appointed as Nominee Director on 09 Dec 2024. Amita Misra ceased to be Director on 21 Oct 2024. Welspun Corp has 61 board changes on record in total.