Welspun Corp Ltd

Since May 7, Welspun Corp has secured additional orders worth about Rs 450 crore for its India facility, to be executed in FY26 & FY27. Welspun Corp is one of the largest manufacturers of large diameter pipes globally and has established a global footprint across six continents and fifty countries by delivering key customized solutions for both onshore and offshore applications. The company also manufactures Ductile Iron (DI) Pipes, TMT (Thermo-Mechanically Treated) Rebars, BIS-certified steel billets, stainless steel pipes and tubes & bars. Welspun Corp's consolidated net profit surged 160.72% to Rs 698.31 crore while net sales declined 12.02% to Rs 3924.97 crore in Q4 March 2025 over Q4 March 2024. Powered by Capital Market - Live

Welspun Corp announce the award of a repeat export order for supply of 50 kms of LSAW Pipes and Bends, with Anti Corrosion and CWC coating. This is for a critical offshore project in the Middle East. Further, the company has received additional orders valued at Rs 450 crore from Indian pipes facilities. These orders will be executed in FY26 & FY27.Powered by Capital Market - Live

Welspun Corp Ltd gained for a fifth straight session today. The stock is quoting at Rs 921.8, up 2.99% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.39% on the day, quoting at 24737.15. The Sensex is at 81342.53, down 0.36%. Welspun Corp Ltd has risen around 20.62% in last one month. Meanwhile, Nifty Metal index of which Welspun Corp Ltd is a constituent, has risen around 8.03% in last one month and is currently quoting at 9351.65, down 1.59% on the day. The volume in the stock stood at 33.4 lakh shares today, compared to the daily average of 13.48 lakh shares in last one month.The PE of the stock is 41.59 based on TTM earnings ending December 24.Powered by Capital Market - Live

Castrol India Ltd, MMTC Ltd, Asahi India Glass Ltd, Deepak Nitrite Ltd are among the other stocks to see a surge in volumes on NSE today, 29 May 2025.Welspun Corp Ltd notched up volume of 158.26 lakh shares by 14:14 IST on NSE, a 32.95 fold spurt over two-week average daily volume of 4.80 lakh shares. The stock rose 9.13% to Rs.887.90. Volumes stood at 16.31 lakh shares in the last session.Castrol India Ltd clocked volume of 226.49 lakh shares by 14:14 IST on NSE, a 14.94 times surge over two-week average daily volume of 15.16 lakh shares. The stock gained 5.66% to Rs.218.22. Volumes stood at 8.42 lakh shares in the last session.MMTC Ltd notched up volume of 1481.34 lakh shares by 14:14 IST on NSE, a 13.42 fold spurt over two-week average daily volume of 110.35 lakh shares. The stock rose 13.68% to Rs.78.92. Volumes stood at 624.46 lakh shares in the last session.Asahi India Glass Ltd registered volume of 7.89 lakh shares by 14:14 IST on NSE, a 7.65 fold spurt over two-week average daily volume of 1.03 lakh shares. The stock rose 4.85% to Rs.756.80. Volumes stood at 80355 shares in the last session.Deepak Nitrite Ltd registered volume of 21.65 lakh shares by 14:14 IST on NSE, a 6.81 fold spurt over two-week average daily volume of 3.18 lakh shares. The stock rose 4.52% to Rs.2,090.60. Volumes stood at 3.75 lakh shares in the last session.Powered by Capital Market - Live

Profit before exceptional items, share of profit of joint venture, associates and tax stood at Rs 328 crore in Q4 FY25, up 30.7% year-on-year. EBITDA was at Rs 502 crore, up 21.5% YoY. In Q4 FY25, the company recorded Rs 476 crore in exceptional income from a partial stake sale and the fair valuation of Nauyaan Shipyard. For the full year FY25, net profit rose 71.84% to Rs 1,908.14 crore, while revenue from operations declined 19.39% to Rs 13,977.54 crore. EBITDA rose 3% to Rs 1858 crore, and Profit before exceptional items, share of profit of joint venture, associates and tax rose 3% to Rs 1187 crore compared to FY24. The company's consolidated net cash from operating activities stood at Rs 1503.67 crore in FY25, as against Rs 1,305.99 crore in FY24. The company boasts a robust order book exceeding Rs 19,500 crore, spanning line pipes (India & US), ductile iron (DI) pipes, and stainless steel bars & pipes. Notably, its US mill is fully booked for the next eight quarters. Despite a capex outlay of approximately Rs 900 crore in FY25, the company managed to reduce gross debt by ~Rs 1,000 crore, turning net cash positive with a surplus of Rs 1,049 crore. The company's business outlook remains strong for the next two years. For FY26, revenue is projected to hit Rs 17,500 crore, with EBITDA expected at Rs 2,200 crore. Return on capital employed (ROCE) is forecast to stay comfortably above 20%, while the net debt-to-EBITDA ratio is set to remain below 1x. The board has recommended a dividend of Rs 5 per equity share. Welspun Corp is the flagship company of Welspun World, one of India's fastest-growing multinationals with a leadership position in line pipes and home solutions segments. Other lines of businesses within Welspun World include pipe solutions, building materials, infrastructure, warehousing, retail, advanced textiles, and flooring solutions. The company is one of the largest manufacturers of large diameter pipes globally. The company also manufactures ductile iron (DI) pipes, TMT (thermo-mechanically treated) rebars, BIS-certified steel billets, stainless steel pipes and tubes & bars. Powered by Capital Market - Live

As compared to Q3 FY25, the iron & steel maker's consolidated net profit increased 3.49% and revenue grew 8.61%. Welspun Corp's profit before exceptional items and tax rose 30.32% to Rs 327.54 crore in Q4 FY25 from Rs 251.33 crore in Q4 FY24. Exceptional items for the quarter stood at Rs 476.50 crore, primarily due to gains from strategic divestments. These include the sale of a 74% stake in Nauyaan Shipyard Pvt Ltd for Rs 382.73 crore and the write-down of assets linked to the divestment of Sintex Logistics LLC, USA. The group also sold its entire stake in Nauyaan Tradings Pvt Ltd to Reliance Strategic Business Ventures for Rs 1 lakh. The company's EBITDA rose 21.5% to Rs 502 crore in the March 2025 quarter, compared to Rs 413 crore in the same quarter last year. On full year basis, the company's consolidated net profit soared 71.84% to Rs 1,908.14 crore on 19.38% decrease in revenue to Rs 13,977.54 crore in FY25 over FY24. The company reported a robust order book worth more than Rs 19,500 crore, including line pipes (India & US), ductile iron (DI) pipes and stainless steel bars & pipes. The U.S. mill is fully booked for the next eight quarters. The firm stated that FY25 EBITDA stood at Rs 1,858 crore beating its guidance of Rs 1,700 crore. ROCE stood at 21%. Both EBITDA and ROCE surpassed the guidance for 2 consecutive years. The company continues to focus on its core geographies'India, the U.S., and Saudi Arabia (KSA)'with strategic investment projects on track. It also announced new projects aligned with its high-priority business segments to maintain its leadership position. The U.S. market outlook remains strong, backed by government focus on the oil & gas sector. Domestically, line pipes performed well, supported by strong exports. Other business segments such as DI pipes, stainless steel bars & pipes, Sintex, and TMT rebars also delivered satisfactory performance. For FY26, the company has provided guidance of Rs 17,500 crore in revenue, Rs 2,200 crore in EBITDA and ROCE above 20%. Meanwhile, the board has recommended a final dividend of Rs 5 per equity share for the financial year ended 31 March 2025, subject to shareholder approval at the upcoming AGM. The board has also approved raising funds up to Rs 500 crore through the issuance of commercial papers (CPs) and/or non-convertible debentures (NCDs) on a private placement basis. These instruments will be used for routine working capital requirements. The board has approved several strategic capital expenditure projects. These include setting up a greenfield LSAW pipes facility in Little Rock, Arkansas, USA, with an annual capacity of 300 KMT, at an investment of $125 million, funded through debt and internal accruals, expected to be completed by December 2026. At Anjar, the existing Spiral facility will be upgraded to a hybrid Spiral and LSAW setup with the same total capacity of 350 KMTPA, at a cost of Rs 125 crore, with completion targeted for March 2026. Additionally, a new state-of-the-art hot induction bends facility is being developed at Anjar to produce 1,500'2,000 specialized bends per year, at an investment of Rs 90 crore, expected by June 2026. Furthermore, a new coating plant with a capacity of 3 million square meters per annum will be established at the Bhopal manufacturing site, costing Rs 40 crore, and is anticipated to be operational by December 2025. Additionally, the company has decided to put on hold the planned DRI plant at Anjar, announced on 8 November 2024, due to strategic prioritization. No expenditure has been incurred on this project. Welspun Corp is primarily engaged in the business of manufacturing and distributing steel and steel products. Powered by Capital Market - Live

MMTC Ltd, Castrol India Ltd, Glenmark Pharmaceuticals Ltd, Birlasoft Ltd are among the other stocks to see a surge in volumes on BSE today, 29 May 2025.Welspun Corp Ltd recorded volume of 4.08 lakh shares by 10:46 IST on BSE, a 19.33 times surge over two-week average daily volume of 21135 shares. The stock gained 8.75% to Rs.885.05. Volumes stood at 1.06 lakh shares in the last session.MMTC Ltd notched up volume of 89.81 lakh shares by 10:46 IST on BSE, a 8.07 fold spurt over two-week average daily volume of 11.13 lakh shares. The stock rose 11.87% to Rs.77.64. Volumes stood at 68.71 lakh shares in the last session.Castrol India Ltd registered volume of 6.75 lakh shares by 10:46 IST on BSE, a 7.98 fold spurt over two-week average daily volume of 84553 shares. The stock rose 4.87% to Rs.216.50. Volumes stood at 33153 shares in the last session.Glenmark Pharmaceuticals Ltd witnessed volume of 85325 shares by 10:46 IST on BSE, a 6.39 times surge over two-week average daily volume of 13344 shares. The stock increased 0.88% to Rs.1,391.50. Volumes stood at 10883 shares in the last session.Birlasoft Ltd registered volume of 3.72 lakh shares by 10:46 IST on BSE, a 5.75 fold spurt over two-week average daily volume of 64598 shares. The stock slipped 1.41% to Rs.417.35. Volumes stood at 72849 shares in the last session.Powered by Capital Market - Live

Welspun Corp announced that the Board of Directors of the Company at its meeting held on 28 May 2025, inter alia, have recommended the final dividend of Rs 5 per equity Share (i.e. 100%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Net profit of Welspun Corp rose 160.72% to Rs 698.31 crore in the quarter ended March 2025 as against Rs 267.84 crore during the previous quarter ended March 2024. Sales declined 12.02% to Rs 3924.97 crore in the quarter ended March 2025 as against Rs 4461.17 crore during the previous quarter ended March 2024. For the full year,net profit rose 71.84% to Rs 1908.14 crore in the year ended March 2025 as against Rs 1110.40 crore during the previous year ended March 2024. Sales declined 19.39% to Rs 13977.54 crore in the year ended March 2025 as against Rs 17339.60 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales3924.974461.17 -12 13977.5417339.60 -19 OPM %11.727.40 -11.939.00 - PBDT465.72433.88 7 2147.271761.35 22 PBT378.73347.11 9 1796.201413.48 27 NP698.31267.84 161 1908.141110.40 72 Powered by Capital Market - Live

Welspun Corp Ltd is up for a third straight session today. The stock is quoting at Rs 809.8, up 3.36% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.07% on the day, quoting at 24809.5. The Sensex is at 81499.45, down 0.06%. Welspun Corp Ltd has gained around 5.11% in last one month. Meanwhile, Nifty Metal index of which Welspun Corp Ltd is a constituent, has gained around 7.55% in last one month and is currently quoting at 9294.95, down 0.41% on the day. The volume in the stock stood at 6.55 lakh shares today, compared to the daily average of 3.55 lakh shares in last one month.The PE of the stock is 36.41 based on TTM earnings ending December 24.Powered by Capital Market - Live