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Welspun Corp Ltd (WELCORP)

₹610.352.97%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Welspun Corp Ltd share Performance

  • ₹606.05
    ₹631
    ₹610.35
    downward going graph

    0.70%

    Low

    Day's Volatility:4.09%

    High

    3.38%

    downward going graph
  • ₹230.6
    ₹631.9
    ₹610.35
    downward going graph

    62.22%

    Low

    52 Weeks Volatility:65.75%

    High

    3.53%

    downward going graph
1 Month Return+ 14.28 %
3 Month Return+ 18.8 %
1 Year Return+ 160.89 %
Previous Close₹629.00
Open₹631.00
Volume13.76L
Upper Circuit-
Lower Circuit-
Market Cap₹16,458.85Cr

Analyst Rating

based on 4 analysts

BUY
100.00%
Buy
0.00%
Hold
0.00%
Sell

Based on 4 analysts offering long term price targets for Welspun Corp Ltd. An average target of ₹640.25

Source: S&P Global Market Intelligence

Company Information

Welspun Group is one of India's fastest growing conglomerates, with a leadership position in Line Pipes, Home Textiles, Infrastructure, Warehousing, Retail, Oil & Gas, Steel, Advanced Textiles and Flooring Solutions. Welspun Corp Limited is a flagship company of the USD 2.7billion Welspun Group, and a preferred supplier to several Fortune 100 Oil & Gas companies. It has facilities in India, the UK, Saudi Arabia and USA, and provides a complete solution for manufacturing various pipes. Their clients include Shell, Saudi Aramco, TOTAL, Chevron, Energy Transfer, South Oil Company, ExxonMobil, Kinder Morgan, TransCanada and Enbridge. They have recently set up a new 100 million USD manufacturing facility in Little Rock, Arkansas, USA and have acquired a Portuguese company called Sorema Tapates e Cortinas de Banho SA Sorema for USD 600 million. The Company has increased its capacity for the production of weld pipes, coating of pipes and backward integration with a 1.5 million tonne state-of-the-art plate mill. To fulfill accelerating demand, the Company plans to increase the capacity of its pipe plant to 1.75 million tons. The Company also entered into a 51:49 JV with Wasco Energy Ltd and made successful trial for 22 OD 39 mm WT X65 D/T Ratio of 14.3. In FY 2019, they commissioned the HSAW plant in Bhopal, Madhya Pradesh and ventured into the Ductile Iron Pipe segment. To further diversify, they have also entered the business of manufacturing of TMT Rebars and Stainless Steel Tubes & Pipes. The Honble National Company Law Tribunal has approved its Scheme of Amalgamation and its Buyback plan in 2019 & 2022 respectively.

Share Price: ₹610.35 per share as on 21 May, 2024 04:01 PM
Market Capitalisation: ₹16,458.85Cr as of today
Revenue: ₹4,749.71Cr as on December 2023 (Q4 23)
Net Profit: ₹293.70Cr as on December 2023 (Q4 23)
Listing date: 10 Dec, 2003
Chairperson Name: B K Goenka
OrganisationWelspun Corp Ltd
HeadquartersMumbai
IndustrySteel
E-voting on sharesClick here to vote

Key events for Welspun Corp Ltd

  • Welspun Corp Ltd Up 0.89% on NSE - 17 May, 2024

    Welspun Corp Ltd is trading at Rs 607.3, up 0.89% on the day and has gained 159.03% in the last year compared to a 23.96% jump in NIFTY and a 70.64% jump in the Nifty Metal. The stock's PE ratio based on TTM earnings ending December 2023 is 29.59.

  • Welspun Corp Appoints New HR Head; Stock Up 1.45% - 15 May, 2024

    Welspun Corp appoints Bindu Nambiar as new Head of HR after Priyaranjan Kumar resigns citing personal reasons. The stock is up 1.45% on the day.

  • Bullish Momentum for Welspun Corp Ltd Stock - 09 May, 2024

    Technical analysis suggests a robust uptrend for Welspun Corp Ltd stock, with consistent higher highs and higher lows on the daily chart. The 20DMA serves as support at Rs 569, while RSI indicates potential acceleration in momentum.

  • Welspun Corp Seeks Buyers for ABG Shipyard Land - 08 May, 2024

    Welspun Corp is engaging with interested buyers to sell the land it acquired as part of the ABG Shipyard deal in Dahej, Gujarat. The sale could be closed as soon as next month.

  • Welspun Corp Appoints Nitin Agarwal as CEO - Steel Business - 07 May, 2024

    Welspun Corp has appointed Nitin Agarwal as CEO of its steel business. Agarwal, who has been with the Welspun Group for over 19 years, brings expertise in global supply chain management, business development, sales and marketing to his new role.

  • Welspun Corp Ltd Share Price Soars 317% Over Five Years - 06 May, 2024

    Welspun Corp Ltd's share price has grown by 317% over the past five years, with a compound EPS growth of 53% per year. Despite this, the market appears pessimistic about the company, as its TSR for the last five years was 376%, largely due to dividend payments.

  • Welspun Corp Sees Surge in Volume and Analysts Expect Improvement in Profitability - 02 May, 2024

    Welspun Corp experienced a significant increase in trading volume and stock price, while analysts predict continued growth and profitability due to diversification efforts.

  • Welspun Corp Secures Export Order Worth Rs 611 Crore - 24 Apr, 2024

    Welspun Corp has secured an export order worth Rs 611 crore for the supply of LSAW pipes, coating and bends in Latin America. The company received a binding Letter of Award (LOA) which will be executed in FY25. This is the second such order in quick succession. Additionally, the company has received orders totalling Rs 872 crore within the last month to provide multiple-line pipes, with projects spanning both India and the US.

  • Welspun Corp Wins Orders Worth ₹872 Crore - 23 Apr, 2024

    Welspun Corp announced the receipt of multiple line pipe orders worth about ₹872 crore. The company reported a 98% YoY growth in operating revenue at ₹4,750 crore for Q3 FY2024, with EBITDA rising by 170% YoY to ₹471 crore and net profit jumping more than 10 times to ₹292 crore. Net debt reduced to ₹503 crore at the end of December 2023.

  • Welspun Corp Wins Orders Worth Rs 872 Crore - 22 Apr, 2024

    Welspun Corp has won multiple line pipe orders, both in India and the USA, cumulatively valued at approximately Rs 872 crore. The execution of these orders is scheduled for FY25.

  • Private Companies and Institutions Lose Value in Welspun Corp - 18 Apr, 2024

    Following a 3% decrease in the stock price, private companies and institutions who hold considerable shares in Welspun Corp have lost value. Private companies own 50% of the business, while institutions own 22%. The top two shareholders hold 57% of the company's shares.

Fundamentals of Welspun Corp Ltd

Insights on Welspun Corp Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 4.96% to 6.35% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Best in 3 Years

    img

    In the last 3 years, WELCORP has outperformed top 5 stocks with highest market-cap in Iron & Steel

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 10.56% to 10.70% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 3 quarters, 4.11K Cr → 4.81K Cr (in ₹), with an average increase of 7.4% per quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 7 days, WELCORP stock has moved up by 6.0%

  • imgPOSITIVE IMPACT

    Promoter Holding Up

    img

    Promoters have increased holdings from 49.96% to 50.14% in Mar 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, NMDC Ltd has given 166.4% return, outperforming this stock by 5.5%

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 2 quarters, 384.67 Cr → 291.86 Cr (in ₹), with an average decrease of 24.1% per quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 22.85% to 21.56% in Mar 2024 quarter

Welspun Corp Ltd Valuation

Welspun Corp Ltd in the last 5 years

  • Overview

  • Trends

Lowest (-298.70x)

May 28, 2019

Today (15.26x)

May 18, 2024

Industry (28.00x)

May 18, 2024

Highest (66.84x)

July 1, 2019

LowHigh

Mutual Fund Holdings

Funds Holdings
DSP Small Cap Fund Direct Plan GrowthDSP Small Cap Fund Direct Plan Growth2.06%
Aditya Birla Sun Life Pure Value Fund Direct Plan GrowthAditya Birla Sun Life Pure Value Fund Direct Plan Growth2.88%
360 ONE Focused Equity Fund Direct Growth360 ONE Focused Equity Fund Direct Growth1.37%
Motilal Oswal Large and Midcap Fund Direct GrowthMotilal Oswal Large and Midcap Fund Direct Growth2.03%
Motilal Oswal ELSS Tax Saver Fund Direct Plan GrowthMotilal Oswal ELSS Tax Saver Fund Direct Plan Growth2.38%

Shareholding Pattern

InvestorsHoldings %Prev. 1 periods3M change
Promoter Holdings
50.14%
0.00
Foreign Institutions
10.7%
0.00
Mutual Funds
6.35%
0.00
Retail Investors
21.56%
0.00
Others
11.25%
0.00

Technicals of Welspun Corp Ltd share

News & Events of Welspun Corp Ltd

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Welspun Corp Ltd (WELCORP) share price today is ₹610.35

Welspun Corp Ltd is listed on NSE

Welspun Corp Ltd is listed on BSE

  • Today’s highest price of Welspun Corp Ltd is ₹631.
  • Today’s lowest price of Welspun Corp Ltd is ₹606.05.

PE Ratio of Welspun Corp Ltd is 15.26

PE ratio = Welspun Corp Ltd Market price per share / Welspun Corp Ltd Earnings per share

Today’s traded volume of Welspun Corp Ltd(WELCORP) is 13.76L.

Today’s market capitalisation of Welspun Corp Ltd(WELCORP) is ₹16458.85Cr.

Welspun Corp Ltd(WELCORPPrice
52 Week High
₹631.9
52 Week Low
₹230.6

Welspun Corp Ltd(WELCORP) share price is ₹610.35. It is down -3.41% from its 52 Week High price of ₹631.9

Welspun Corp Ltd(WELCORP) share price is ₹610.35. It is up 164.68% from its 52 Week Low price of ₹230.6

Welspun Corp Ltd(WELCORPReturns
1 Day Returns
-18.65%
1 Month Returns
14.28%
3 Month Returns
18.8%
1 Year Returns
160.89%