Welspun Corp Ltd (WELCORP)
₹668.9▲3.72%
🔔 Fundraising and Order Alert
Welspun Corp hits 52-week high on fundraising decision and expected international orders worth over Rs 1000 crore
Analyst Rating
based on 3 analysts
100.00%
Buy
0.00%
Hold
0.00%
Sell
Based on 3 analysts offering long term price targets for Welspun Corp Ltd. An average target of ₹654
Source: S&P Global Market Intelligence
Welspun Corp Ltd Share analysis
Source: S&P Global Market Intelligence
Performance
Day's Low
Day's High
₹642.6₹678.552 Week's Low
52 Week's High
₹310₹678.5
| Returns % | |
| 1 Month Return | + 25.87 % |
| 3 Month Return | + 12.22 % |
| 1 Year Return | + 101.91 % |
| Market Stats | |
| Previous Close | ₹644.90 |
| Open | ₹646.75 |
| Volume | 10.05L |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹16,910.88Cr |
Key Statistics
| P/E Ratio | 15.19 |
| PEG Ratio | 0.44 |
| Market Cap | ₹16,910.88 Cr |
| P/B Ratio | 1.51 |
| EPS | 0 |
Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| BUY | ₹16,910.88 Cr | 84.18% | 0.66 | ₹199 Cr | ₹9,758 Cr |
 | BUY | ₹22,985.25 Cr | 59.07% | 0.50 | ₹504 Cr | ₹4,481 Cr |
 | BUY | ₹37,697.01 Cr | 161.68% | 0.53 | ₹477 Cr | ₹6,912 Cr |
 | NA | ₹6,761.86 Cr | 272% | 0.65 | ₹70 Cr | ₹894 Cr |
 | BUY | ₹19,861.47 Cr | 43.79% | 0.56 | ₹250 Cr | ₹4,397 Cr |
Mutual Fund Holdings
Company Information
Share Price: ₹668.90 per share as on 24 Jul, 2024 04:01 PM
Market Capitalisation: ₹16,910.88Cr as of today
Revenue: ₹4,461.17Cr as on March 2024 (Q1 24)
Net Profit: ₹287.28Cr as on March 2024 (Q1 24)
Listing date: 10 Dec, 2003
Chairperson Name: B K Goenka
| Organisation | Welspun Corp Ltd |
| Headquarters | Mumbai |
| Industry | Steel |
| E-voting on shares | Click here to vote |
Key events for Welspun Corp Ltd
Welspun Corp Hits 52-Week High on Fundraising Decision and International Orders - 24 Jul, 2024
Welspun Corp's shares hit a new 52-week high at Rs 678.50 due to the company's decision to raise funds through QIP and expected international orders worth over Rs 1000 crore from the Middle East and the US in the Pipe and Gas segment.
Welspun Corp Stock Price May Rise on Water Project Allocation - 22 Jul, 2024
Welspun Corp's stock price has the potential to rise to ₹700 in the near-term after breaking out of resistance at ₹610. The FM's announcement of a larger allocation to water projects could affect the stock, along with NCC, VA Tech Wabag, Finolex Industries, and Ratnamani Metals.
Welspun Corp Expects Sustained Growth Amid Strong Demand - 16 Jul, 2024
Pipe-maker Welspun Corp expects sustained growth with strong demand and a ramp-up in exports. The company has guided for an EBITDA of ₹1,700 crore in FY25 after ending FY24 with record revenue.
Welspun Corp Ltd Up 1.69% on NSE - 11 Jul, 2024
Welspun Corp Ltd is up 1.69% on the NSE, trading at Rs 660.65. The stock has seen a significant increase of 118.94% in the last year compared to a jump of 25.37% in NIFTY and 53.07% in Nifty Metal index. The PE ratio stands at 35.79 based on TTM earnings ending March 24.
Welspun Corp Ltd's Share Price Rises by 30% - 05 Jul, 2024
Welspun Corp Ltd's share price has risen by 30% in a month, with an annual gain of 113%. The P/E ratio is low at 14.4x, but the company's earnings have been rising faster than most others. However, analysts predict that earnings will decrease by 10% next year, contributing to its low P/E and making it less attractive for investors.
Insiders at Welspun Sell ₹286m in Stock - 01 Jul, 2024
Welspun Corp Limited insiders sold a significant stake in the company over the past year, with MD, CEO & Executive Director Vipul Shiv Mathur making the biggest sale of ₹243m worth of shares. While insider selling is sometimes discouraging, it's only a weak signal. Welspun insiders own about ₹2.8b worth of shares, indicating some alignment between management and smaller shareholders.
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.
POSITIVE IMPACTBest in 3 Years
In the last 3 years, WELCORP has outperformed top 5 stocks with highest market-cap in Iron & Steel
- POSITIVE IMPACT
Price Rise
In the last 1 month, WELCORP stock has moved up by 25.9%
- POSITIVE IMPACT
Retail Holding Up
Retail Investor have increased holdings from 21.56% to 23.57% in Jun 2024 quarter
- POSITIVE IMPACT
Best in 1 Year
In the last 1 year, WELCORP has outperformed top 5 stocks with highest market-cap in Iron & Steel
NEGATIVE IMPACTFII Holding Down
Foreign Institutions have decreased holdings from 10.70% to 10.51% in Jun 2024 quarter
- NEGATIVE IMPACT
Promoter Holding Down
Promoters have decreased holdings from 50.14% to 50.03% in Jun 2024 quarter
- NEGATIVE IMPACT
Revenue Fall
Revenue is down for the last 2 quarters, 4.81K Cr → 4.63K Cr (in ₹), with an average decrease of 3.6% per quarter
- NEGATIVE IMPACT
Profit Down
Netprofit is down for the last 3 quarters, 384.67 Cr → 267.84 Cr (in ₹), with an average decrease of 16.2% per quarter
- NEGATIVE IMPACT
MF Holding Down
Mutual Funds have decreased holdings from 6.35% to 5.54% in Jun 2024 quarter
Company Financials
| Q'1 24 | Q/Q Change | |
|---|---|---|
Revenue | ₹4,461.17Cr | ↓6.07% |
Net Income | ₹287.28Cr | ↓2.19% |
Net Profit Margin | 6.44% | ↑4.21% |
| 2023 | Y/Y Change | |
|---|---|---|
Revenue | ₹9,758.10Cr | ↑50.01% |
Net Income | ₹199.17Cr | ↓55.16% |
Net Profit Margin | 2.04% | ↓70.13% |
| 2023 | Y/Y Change | |
|---|---|---|
Total Assets | ₹6,966.66Cr | ↑7.16% |
Total Liabilities | ₹3,494.32Cr | ↑12.90% |
| 2023 | Y/Y Change | |
|---|---|---|
Operating Cash Flow | -₹323.38Cr | ↓267.29% |
Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 50.03% | ||
| Foreign Institutions | 10.51% | ||
| Mutual Funds | 5.54% | ||
| Retail Investors | 23.57% | 9.33 | |
| Others | 10.35% |
Key Indicators
Welspun Corp Ltd Valuation
Welspun Corp Ltd in the last 5 years
Lowest (-298.70x)
May 28, 2019
Today (15.19x)
July 23, 2024
Industry (28.16x)
July 23, 2024
Highest (66.84x)
July 1, 2019
Earnings and Dividends
Welspun Corp Ltd Earnings Results
Welspun Corp Ltd’s net profit jumped 13.53% since last year same period to ₹267.84Cr in the Q4 2023-2024. On a quarterly growth basis, Welspun Corp Ltd has generated -8.23% fall in its net profits since last 3-months.
Read More about Earnings ResultsWelspun Corp Ltd Dividends May,2024
In the quarter ending March 2024, Welspun Corp Ltd has declared dividend of ₹5 - translating a dividend yield of 1.55%.
Read More about Dividends
Technicals Summary
Bearish
Neutral
Bullish
Welspun Corp Ltd is currently in a Bullish trading position according to technical analysis indicators.
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Welspun Corp Ltd (WELCORP) share price today is ₹668.9
Welspun Corp Ltd is listed on NSE
Welspun Corp Ltd is listed on BSE
- Today’s highest price of Welspun Corp Ltd is ₹678.5.
- Today’s lowest price of Welspun Corp Ltd is ₹642.6.
PE Ratio of Welspun Corp Ltd is 15.19
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 10.05L.
Today’s market capitalisation of Welspun Corp Ltd(WELCORP) is ₹16910.88Cr.
| Welspun Corp Ltd(WELCORP | Price |
|---|---|
52 Week High | ₹678.5 |
52 Week Low | ₹310 |
Welspun Corp Ltd(WELCORP) share price is ₹668.9. It is down -1.41% from its 52 Week High price of ₹678.5
Welspun Corp Ltd(WELCORP) share price is ₹668.9. It is up 115.77% from its 52 Week Low price of ₹310
| Welspun Corp Ltd(WELCORP | Returns |
|---|---|
1 Day Returns | 24% |
1 Month Returns | 25.87% |
3 Month Returns | 12.22% |
1 Year Returns | 101.91% |