Welspun Corp Ltd
WELCORPWelspun Corp Ltd
WELCORP
Price Chart
Scorecard
Performance
AvgPrice return has been average, nothing exciting
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 15.57 | 3.82 | 0.70% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 31.64 | 3.63 | 1.25% |
Forecast & Ratings
Detailed Forecast from 4 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Welspun Corp Limited is a diameter line pipe company, engaged in the business of production and coating of submerged arc welded pipes, hot rolled steel plates and coils, and power generation.
Peers
Compare with peersJSW Steel Ltd
Tata Steel Ltd
Jindal Steel And Power Ltd
Bharat Forge Ltd
Jindal Stainless Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
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Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
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Income
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 7,343.93 | 6,044.01 | 6,475.84 | 9,088.13 | 10,278.68 | 7,781.92 | 7,056.33 | 10,153.29 | 17,843.90 | 16,956.81 | ||||||||||
Raw Materials | 4,410.34 | 4,212.76 | 4,363.79 | 6,287.46 | 7,358.29 | 4,243.97 | 4,305.09 | 8,892.99 | 15,778.17 | 14,840.97 | ||||||||||
| Power & Fuel Cost | 116.76 | 106.26 | 91.33 | 113.28 | 122.31 | 197.81 | 162.39 | 305.61 | ||||||||||||
| Employee Cost | 557.64 | 430.55 | 417.21 | 571.96 | 636.50 | 454.46 | 383.48 | 541.05 | ||||||||||||
| Selling & Administrative Expenses | 242.76 | 120.62 | 115.84 | 157.11 | 141.70 | 112.12 | 480.63 | 667.63 | ||||||||||||
| Operating & Other expenses | 1,130.32 | 516.10 | 886.14 | 1,420.60 | 576.06 | 1,360.16 | 707.54 | -1,133.75 | ||||||||||||
EBITDA | 886.11 | 657.72 | 601.53 | 537.72 | 1,443.82 | 1,413.40 | 1,017.20 | 879.76 | 2,065.73 | 2,115.84 | ||||||||||
| Depreciation/Amortization | 386.48 | 386.08 | 258.16 | 259.73 | 233.29 | 246.47 | 254.75 | 302.97 | 347.87 | 346.83 | ||||||||||
| PBIT | 499.63 | 271.64 | 343.37 | 277.99 | 1,210.53 | 1,166.93 | 762.45 | 576.79 | 1,717.86 | 1,769.01 | ||||||||||
| Interest & Other Items | 241.14 | 235.71 | 170.15 | 177.37 | 144.02 | 84.95 | 101.89 | 243.16 | 304.38 | 278.45 | ||||||||||
| PBT | 258.49 | 35.93 | 173.22 | 100.62 | 1,066.51 | 1,081.98 | 660.56 | 333.63 | 1,413.48 | 1,490.56 | ||||||||||
| Taxes & Other Items | 106.69 | 9.49 | 14.92 | 113.86 | 431.05 | 314.41 | 221.75 | 126.94 | 303.70 | 298.01 | ||||||||||
| Net Income | 151.80 | 26.44 | 158.30 | -13.24 | 635.46 | 767.57 | 438.81 | 206.69 | 1,109.78 | 1,192.55 | ||||||||||
| EPS | 5.75 | 1.00 | 5.97 | -0.50 | 24.16 | 29.42 | 16.82 | 7.91 | 42.45 | 45.60 | ||||||||||
| DPS | 0.50 | 0.50 | 0.50 | 0.50 | 10.50 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | ||||||||||
| Payout ratio | 0.09 | 0.50 | 0.08 | — | 0.43 | 0.17 | 0.30 | 0.63 | 0.12 | 0.11 |
Company Updates
Peers & Comparison
MaterialsIron & Steel
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| Welspun Corp Ltd | 16.73 | 3.82 | 0.70% |
| JSW Steel Ltd | 25.99 | 2.87 | 0.97% |
| Tata Steel Ltd | -43.03 | 2.07 | 2.35% |
| Jindal Steel And Power Ltd | 16.36 | 2.17 | 0.21% |
Price Comparison
Compare WELCORP with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Sep 2023
Dec 2023
Mar 2024
Jun 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Welspun Corp Ltd
| Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
|---|---|---|---|---|
DSP Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 2.2075% | Percentage of the fund’s portfolio invested in the stock 2.55% | Change in the portfolio weight of the stock over the last 3 months 0.49% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 6/83 (+5) |
Aditya Birla Sun Life Pure Value Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.8614% | Percentage of the fund’s portfolio invested in the stock 2.42% | Change in the portfolio weight of the stock over the last 3 months -0.46% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 8/86 (-2) |
Aditya Birla Sun Life Flexi Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.8603% | Percentage of the fund’s portfolio invested in the stock 0.73% | Change in the portfolio weight of the stock over the last 3 months 0.48% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 78/91 (-7) |
Compare 3-month MF holding change on Screener
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
Dividend Yield
Current dividend yield is 0.70%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹7.04 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateJun 28, 2024
Dividend/Share
₹5.00
Ex DateEx Date
Jun 28, 2024
Cash Dividend
Ex DateEx DateJun 16, 2023
Dividend/Share
₹5.00
Ex DateEx Date
Jun 16, 2023
Cash Dividend
Ex DateEx DateJun 9, 2022
Dividend/Share
₹5.00
Ex DateEx Date
Jun 9, 2022
Cash Dividend
Ex DateEx DateAug 9, 2021
Dividend/Share
₹5.00
Ex DateEx Date
Aug 9, 2021
Cash Dividend
Ex DateEx DateAug 6, 2020
Dividend/Share
₹0.50
Ex DateEx Date
Aug 6, 2020
Welspun Corp Ltd is up for a third straight session in a row. The stock is quoting at Rs 727.95, up 1.02% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.09% on the day, quoting at 24833.9. The Sensex is at 81102.86, up 0.06%. Welspun Corp Ltd has risen around 8.83% in last one month. Meanwhile, Nifty Metal index of which Welspun Corp Ltd is a constituent, has risen around 0.23% in last one month and is currently quoting at 9326.25, down 0.4% on the day. The volume in the stock stood at 10.84 lakh shares today, compared to the daily average of 15.06 lakh shares in last one month.The PE of the stock is 37.63 based on TTM earnings ending June 24.Powered by Capital Market - Live
Welspun Corp has allotted 86,500 equity shares under ESOP on 11 August 2024. Post allotment of the shares, the paid up equity share capital has increased to Rs.131,17,46,975/- divided in to 26,23,49,395 equity shares of Rs. 5 each.Powered by Capital Market - Live
Net profit of Welspun Corp rose 50.06% to Rs 248.18 crore in the quarter ended June 2024 as against Rs 165.39 crore during the previous quarter ended June 2023. Sales declined 22.90% to Rs 3137.23 crore in the quarter ended June 2024 as against Rs 4069.27 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales3137.234069.27 -23 OPM %11.928.77 - PBDT390.07314.03 24 PBT305.24228.16 34 NP248.18165.39 50 Powered by Capital Market - Live
Tata Steel, Welspun jointly develop hydrogen-compliant grade steel pipes
Welspun Corp will hold a meeting of the Board of Directors of the Company on 7 August 2024Powered by Capital Market - Live
JK Paper Ltd leads losers in ‘A’ group
Stock to buy today: Welspun Corp (₹631.95)
Welspun Corp in growth mode with good demand from exports, US business
Welspun Corp Ltd up for third consecutive session
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 14.45%, vs industry avg of 9.97%
Increasing Market Share
Over the last 5 years, market share increased from 1.7% to 2.28%