Welspun Corp Limited

Capital Goods · Industrial Products

NSE: WELCORP BSE: 532144

₹2717.00

Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in Industrial Products

The largest companies in the same industry by market cap. This company ranks #3 of 335. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
Cummins India Limited	131,947	57.8	27.9%	23.7%	1.39%	84	0	27
Polycab India Limited	120,900	43.0	22.3%	9.2%	0.59%	83	27	61
Welspun Corp Limited (this stock)	71,672	81.9	17.2%	217.6%	0.18%	71	0	53
APL Apollo Tubes Limited	60,810	105.9	22.7%	26.5%	—	68	0	51
Supreme Industries Limited	43,837	46.5	15.5%	-17.6%	—	76	0	49
KEI Industries Limited	42,590	42.7	13.8%	10.4%	0.10%	70	29	61
Astral Limited	36,816	56.6	13.2%	-0.4%	—	76	12	12
AIA Engineering Limited	36,106	27.9	15.8%	19.1%	0.41%	71	29	61

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹71,979 Cr

EV / EBITDA

53.0x

EV / Sales

8.95x

Market cap / Sales

8.92x

Earnings yield

1.22%

Quarterly Financials

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Standalone Consolidated

↓ Negative

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 1,606 Cr, down 17.0% YoY.

↓ Negative

Quarterly Net Profit

Jun 2026 quarterly net profit is Rs 116 Cr, down 54.5% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	1,567	156	116	₹4.3900
March 31, 2026	2,270	297	232	₹8.7900
Dec. 31, 2025	2,378	213	161	₹6.1100
Sept. 30, 2025	1,822	445	366	₹13.8900
June 30, 2025	1,828	326	255	₹9.6800
March 31, 2025	2,281	566	464	₹17.6900
Dec. 31, 2024	2,449	210	156	₹5.9400
Sept. 30, 2024	2,033	145	108	₹4.1400
June 30, 2024	2,073	153	114	₹4.3400
March 31, 2024	2,877	227	189	₹7.2100
Dec. 31, 2023	2,323	32	22	₹0.8400
Sept. 30, 2023	1,778	220	178	₹6.8200
June 30, 2023	1,636	157	118	₹4.5000

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23
Total income (before exceptional items)	1,606	2,289	2,391	1,981	1,935	2,312	2,481	2,083	2,105	3,056	2,332	2,020	1,689
Operating revenue	1,567	2,270	2,378	1,822	1,828	2,281	2,449	2,033	2,073	2,877	2,323	1,778	1,636
Other income	38	18	13	159	107	31	32	51	33	179	9	242	52
Operating expenses	1,394	1,936	2,113	1,634	1,592	2,038	2,181	1,841	1,866	2,742	2,214	1,708	1,474
Operating profit	173	334	265	188	236	244	268	191	207	135	109	70	163
Operating profit margin	11.1%	14.7%	11.1%	10.3%	12.9%	10.7%	10.9%	9.4%	10.0%	4.7%	4.7%	3.9%	9.9%
Depreciation	41	37	37	37	39	42	43	44	44	43	43	40	23
Interest	15	23	28	27	30	49	48	52	43	44	43	52	35
Exceptional items, gain / (loss)	—	5	—	163	52	383	—	—	—	—	—	—	—
Profit before tax	156	297	213	445	326	566	210	145	153	227	32	220	157
Tax	41	66	52	80	71	102	54	37	39	38	10	42	39
Net profit	116	232	161	366	255	464	156	108	114	189	22	178	118
EPS	4.39	8.79	6.11	13.89	9.68	17.69	5.94	4.14	4.34	7.21	0.84	6.82	4.50
Net profit (TTM)	875	1,014	1,246	1,240	983	842	566	432	503	507	562	599	566
EPS (TTM)	33.18	38.47	47.37	47.20	37.45	32.11	21.63	16.53	19.21	19.37	21.50	22.88	21.63

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	8,299	1,282	1,014
March 31, 2025	8,835	1,074	842
March 31, 2024	9,082	596	476
March 31, 2023	6,917	707	529

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Total income (before exceptional items)	6.1%	9.3%	8,596^†	8,982^†	9,564^†	7,206^†	5,172^†	5,506^†	4,655^†	5,177^†	5,415^†	4,696^†
Operating revenue	6.3%	12.3%	8,299	8,835	9,082	6,917	4,692^†	4,642^†	4,253^†	4,975^†	5,260^†	4,483^†
Other income	—	—	296^†	147^†	482^†	290^†	480^†	864^†	402^†	202^†	155^†	213^†
Operating expenses	—	—	7,276^†	7,926^†	8,138^†	6,241^†	4,370^†	4,073^†	3,968^†	5,105^†	—	—
Operating profit	14.9%	12.4%	1,024^†	909^†	944^†	675^†	322^†	569^†	285^†	-130^†	—	—
Operating profit margin	—	—	12.3%^†	10.3%^†	10.4%^†	9.8%^†	6.9%^†	12.3%^†	6.7%^†	-2.6%^†	—	—
Depreciation	—	—	151^†	173^†	149^†	109^†	106^†	97^†	123^†	200^†	—	—
Interest	—	—	108^†	192^†	174^†	149^†	71^†	50^†	111^†	135^†	146^†	207^†
Exceptional items, gain / (loss)	—	—	220^†	383^†	0^†	0^†	0^†	0^†	0^†	0^†	0^†	0^†
Profit before tax	21.9%	-0.1%	1,282	1,074	596	707	625^†	1,287^†	452^†	-262^†	196^†	264^†
Tax	—	—	268^†	232^†	129^†	178^†	117^†	278^†	146^†	-9^†	70^†	89^†
Net profit	24.2%	—	1,014	842	476	529	508^†	—	—	—	126^†	175^†
EPS	23.9%	-0.1%	38.47^†	32.11^†	19.37^†	20.21^†	19.48^†	38.68^†	11.62^†	—	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Operating margin	12.3%^†	10.3%^†	10.4%^†	9.8%^†	6.9%^†	12.3%^†	6.7%^†	-2.6%^†	—	—
EBIT margin	16.7%^†	14.3%^†	8.5%^†	12.4%^†	14.8%^†	28.8%^†	13.2%^†	-2.6%^†	6.5%^†	10.5%^†
PBT margin	15.4%	12.2%	6.6%	10.2%	13.3%^†	27.7%^†	10.6%^†	-5.3%^†	3.7%^†	5.9%^†
Net margin	12.2%	9.5%	5.2%	7.6%	10.8%^†	—	—	—	2.4%^†	3.9%^†
Interest coverage	12.91x^†	6.58x^†	4.43x^†	5.73x^†	9.80x^†	26.93x^†	5.06x^†	-0.95x^†	2.34x^†	2.27x^†
Dividend payout	13.0%^†	15.6%^†	25.8%^†	24.7%^†	25.7%^†	1.3%^†	86.1%^†	—	—	—
Earnings retention	87.0%^†	84.4%^†	74.2%^†	75.3%^†	74.3%^†	98.7%^†	13.9%^†	—	—	—
Current ratio	1.23x	1.22x	—	—	—	—	—	—	—	—
Quick ratio	0.74x	0.70x	—	—	—	—	—	—	—	—
Debt to equity	0.08x	0.09x	—	—	—	—	—	—	—	—
Return on equity	19.7%	19.6%	—	—	—	—	—	—	—	—
Return on assets	11.2%	10.3%	—	—	—	—	—	—	—	—
Return on capital employed	24.9%^†	27.4%^†	—	—	—	—	—	—	—	—
Asset turnover	0.92x	1.09x	—	—	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	806	-733	-236	382	424
March 31, 2025	1,001	122	-1,155	110	890
March 31, 2024	638	726	-1,546	161	477
March 31, 2023	-323	454	-26	67	-391
March 31, 2022	193	-163	235	48	145

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	9,067	5,154	5,022	377	40	4,297	3,491	110	2,237	1,702
March 31, 2025	8,140	4,299	4,168	367	40	4,299	3,523	274	2,077	1,836
March 31, 2024	—	—	—	—	—	—	—	—	—	—
March 31, 2023	—	—	—	—	—	—	—	—	—	—
March 31, 2022	—	—	—	—	—	—	—	—	—	—

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.