Welspun Corp Ltd (WCL), established in 1995 and headquartered in Mumbai, Maharashtra, is a global leader in the steel and metals industry, renowned as one of the largest manufacturers of large-diameter pipes worldwide. The company specializes in high-quality welded line pipes, serving demanding applications in the oil and gas sector, and is a preferred supplier to several Fortune 100 companies. Operating state-of-the-art manufacturing facilities in India, the USA, and Saudi Arabia, WCL also offers a diverse product portfolio, including BIS-certified steel billets, TMT rebars, ductile iron pipes, stainless steel pipes, tubes, and bars. Expanding its market presence, WCL acquired Sintex-BAPL, a leader in water tanks and plastic products, and the specified assets of ABG Shipyard, reinforcing its building materials portfolio and operational capabilities. These strategic initiatives reflect WCL’s commitment to innovation, quality, and leadership in the global market.
Latest News on Welspun Corp
On November 11, 2024, Welspun Mauritius Holdings Limited (WMHL), a subsidiary of Welspun Corp, divested a 5% equity stake in East Pipes Integrated Company for Industry (EPIC) for ₹480 crore. This strategic stake sale reduced WMHL’s holding in EPIC from 31.5% to 26.5%, although WMHL continues to be the single largest shareholder in the company. The proceeds from this transaction are earmarked for financing new projects under Welspun Pipes Company, KSA (WPC), showcasing Welspun’s focus on strengthening its operations and expanding its capabilities in the Kingdom of Saudi Arabia. This move aligns with Welspun’s strategic goals for growth and market leadership in the pipes and infrastructure sector.
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | |
| Promoters + | 49.96% | 49.96% | 50.14% | 50.03% | 50.00% |
| FIIs + | 9.42% | 10.56% | 10.70% | 10.51% | 11.65% |
| DIIs + | 11.53% | 11.23% | 11.99% | 9.74% | 11.41% |
| Government + | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% |
| Public + | 29.05% | 28.22% | 27.13% | 29.67% | 26.90% |
| Others + | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% |
| No. of Shareholders | 82,058 | 99,284 | 1,19,466 | 1,23,491 | 1,16,485 |
The shareholding pattern of Welspun Corp has shown notable variations across different categories of investors from September 2023 to September 2024. The promoters’ stake remained relatively stable, fluctuating between 49.96% and 50.14%, maintaining majority control. Foreign Institutional Investors (FIIs) steadily increased their holdings, rising from 9.42% in September 2023 to a significant 11.65% by September 2024, reflecting growing foreign interest. Domestic Institutional Investors (DIIs) exhibited a fluctuating trend, peaking at 11.99% in March 2024 before declining to 9.74% in June 2024 and recovering to 11.41% by September 2024. Public shareholding decreased from 29.05% in September 2023 to 26.90% in September 2024, indicating reduced retail participation. Government and other categories remained largely unchanged. Additionally, the number of shareholders grew significantly from 82,058 in September 2023 to a peak of 1,23,491 in June 2024, before settling at 1,16,485 by September 2024, signaling increased investor engagement during this period. Welspun Corp’s shareholding dynamics highlight a balance of promoter stability and institutional interest.
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➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| December 2024 | 802.05 | 697.44 |
As we step through 2024, the stock price of Welspun Corp is expected to exhibit significant fluctuations. The maximum price is anticipated to reach ₹802.05, while the minimum price may dip to ₹697.44 in December.
| When | Maximum Price | Minimum Price |
| January 2025 | 810.07 | 623.13 |
| February 2025 | 818.26 | 629.43 |
| March 2025 | 835.44 | 642.65 |
| April 2025 | 827.17 | 636.28 |
| May 2025 | 803.08 | 617.75 |
| June 2025 | 839.21 | 645.55 |
| July 2025 | 822.76 | 632.89 |
| August 2025 | 848.21 | 652.47 |
| September 2025 | 858.38 | 660.30 |
| October 2025 | 880.70 | 677.46 |
| November 2025 | 902.72 | 694.40 |
| December 2025 | 943.34 | 725.65 |
In 2025, Welspun Corp’s stock is projected to show significant growth. Starting with a maximum of ₹810.07 and a minimum of ₹623.13 in January, prices are expected to gradually rise, reaching ₹880.70 and ₹677.46 by October. November might see further gains with a maximum of ₹902.72 and a minimum of ₹694.40, while December could conclude the year strongly with a peak of ₹943.34 and a low of ₹725.65.
| When | Maximum Price | Minimum Price |
| January 2026 | 971.64 | 747.42 |
| February 2026 | 947.35 | 728.73 |
| March 2026 | 966.30 | 743.31 |
| April 2026 | 986.02 | 758.48 |
| May 2026 | 976.26 | 750.97 |
| June 2026 | 1,000.66 | 769.74 |
| July 2026 | 981.04 | 754.65 |
| August 2026 | 1,011.38 | 777.99 |
| September 2026 | 1,031.61 | 793.55 |
| October 2026 | 1,058.43 | 814.18 |
| November 2026 | 1,084.89 | 834.53 |
| December 2026 | 1,112.02 | 855.40 |
| When | Maximum Price | Minimum Price |
| January 2027 | 1,123.14 | 863.95 |
| February 2027 | 1,151.93 | 886.10 |
| March 2027 | 1,196.86 | 920.66 |
| April 2027 | 1,173.39 | 902.61 |
| May 2027 | 1,139.22 | 876.32 |
| June 2027 | 1,190.48 | 915.75 |
| July 2027 | 1,167.14 | 897.80 |
| August 2027 | 1,203.23 | 925.57 |
| September 2027 | 1,245.35 | 957.96 |
| October 2027 | 1,277.73 | 982.87 |
| November 2027 | 1,309.67 | 1,007.44 |
| December 2027 | 1,342.41 | 1,032.62 |
| When | Maximum Price | Minimum Price |
| January 2028 | 1,369.26 | 1,053.28 |
| February 2028 | 1,404.37 | 1,080.28 |
| March 2028 | 1,459.14 | 1,122.42 |
| April 2028 | 1,430.53 | 1,100.41 |
| May 2028 | 1,388.86 | 1,068.36 |
| June 2028 | 1,451.36 | 1,116.43 |
| July 2028 | 1,422.90 | 1,094.54 |
| August 2028 | 1,466.91 | 1,128.39 |
| September 2028 | 1,518.25 | 1,167.89 |
| October 2028 | 1,557.73 | 1,198.25 |
| November 2028 | 1,596.67 | 1,228.21 |
| December 2028 | 1,636.59 | 1,258.91 |
| When | Maximum Price | Minimum Price |
| January 2029 | 1,669.32 | 1,284.09 |
| February 2029 | 1,712.12 | 1,317.02 |
| March 2029 | 1,778.90 | 1,368.38 |
| April 2029 | 1,744.02 | 1,341.55 |
| May 2029 | 1,693.22 | 1,302.48 |
| June 2029 | 1,769.41 | 1,361.09 |
| July 2029 | 1,734.72 | 1,334.40 |
| August 2029 | 1,788.37 | 1,375.67 |
| September 2029 | 1,850.96 | 1,423.82 |
| October 2029 | 1,899.09 | 1,460.84 |
| November 2029 | 1,946.57 | 1,497.36 |
| December 2029 | 1,995.23 | 1,534.79 |
| When | Maximum Price | Minimum Price |
| January 2030 | 2,035.13 | 1,565.49 |
| February 2030 | 2,087.32 | 1,605.63 |
| March 2030 | 2,168.72 | 1,668.25 |
| April 2030 | 2,126.20 | 1,635.54 |
| May 2030 | 2,064.27 | 1,587.90 |
| June 2030 | 2,157.16 | 1,659.36 |
| July 2030 | 2,114.87 | 1,626.82 |
| August 2030 | 2,180.27 | 1,677.13 |
| September 2030 | 2,256.58 | 1,735.83 |
| October 2030 | 2,315.25 | 1,780.96 |
| November 2030 | 2,373.14 | 1,825.49 |
| December 2030 | 2,432.46 | 1,871.13 |
As we step into 2030, Welspun Corp’s stock prices are projected to display remarkable growth. In January, the maximum price is expected to reach ₹2,035.13, with a minimum of ₹1,565.49. February may see prices climb further to a maximum of ₹2,087.32 and a minimum of ₹1,605.63, while March might touch ₹2,168.72 at its peak and ₹1,668.25 at its lowest. By mid-year, June is likely to witness a maximum of ₹2,157.16 and a minimum of ₹1,659.36. As we step into the latter half of the year, September could see highs of ₹2,256.58 and lows of ₹1,735.83, progressing to October’s maximum of ₹2,315.25 and minimum of ₹1,780.96. November is expected to bring further gains, with a peak of ₹2,373.14 and a low of ₹1,825.49. Finally, as we step into December, Welspun Corp’s prices might conclude strongly with a maximum of ₹2,432.46 and a minimum of ₹1,871.13.
Financial Condition of Welspun Corp
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 9,957 | 7,153 | 6,505 | 9,758 | 17,340 | 15,650 |
| Expenses + | 8,794 | 6,369 | 6,032 | 9,264 | 15,778 | 14,083 |
| Operating Profit | 1,163 | 784 | 473 | 494 | 1,561 | 1,567 |
| OPM % | 12% | 11% | 7% | 5% | 9% | 10% |
| Other Income + | 281 | 629 | 544 | 386 | 504 | 448 |
| Interest | 144 | 85 | 102 | 243 | 304 | 287 |
| Depreciation | 233 | 246 | 255 | 303 | 348 | 350 |
| Profit before tax | 1,067 | 1,082 | 661 | 334 | 1,413 | 1,377 |
| Tax % | 39% | 24% | 33% | 40% | 20% | |
| Net Profit + | 654 | 827 | 444 | 199 | 1,136 | 1,112 |
| EPS in Rs | 24.36 | 29.42 | 16.82 | 7.9 | 42.44 | 41.79 |
| Dividend Payout % | 43% | 17% | 30% | 63% | 12% |
The financial performance of Welspun Corp has shown significant growth and recovery over recent years. Sales rose from ₹9,957 crore in 2020 to ₹17,340 crore in 2024, with the trailing twelve months (TTM) recording ₹15,650 crore. Expenses increased correspondingly, growing from ₹8,794 crore in 2020 to ₹15,778 crore in 2024, indicating the company’s expanded operations. Operating profit showed notable improvement, increasing from ₹494 crore in 2023 to ₹1,561 crore in 2024, with the Operating Profit Margin (OPM) improving from 5% to 9%.
Other income contributed ₹504 crore in 2024, while interest expenses rose to ₹304 crore, reflecting higher financial liabilities. Depreciation costs grew from ₹233 crore in 2020 to ₹348 crore in 2024, demonstrating continued investments in assets.
Profit before tax rebounded significantly from ₹334 crore in 2023 to ₹1,413 crore in 2024. The tax rate dropped from 40% in 2023 to 20% in 2024, contributing to a surge in net profit from ₹199 crore in 2023 to ₹1,136 crore in 2024. Earnings per share (EPS) increased sharply from ₹7.9 in 2023 to ₹42.44 in 2024. However, the dividend payout ratio decreased to 12% in 2024, highlighting the company’s strategy to retain earnings for future growth. These results underscore Welspun Corp’s strong recovery and growth trajectory.
FAQS
As of 23rd November 2024, the current share price of Welspun Corp is ₹701.
Welspun Corp share prices ranging from a projected high of ₹943.34 to an anticipated low of ₹617.75.
The expected maximum price prediction for 2030 is ₹2,432.46.
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Conclusion
In conclusion, Welspun Corp Ltd, a global leader in the steel and metals industry, has demonstrated a robust trajectory with strategic acquisitions, a diversified product portfolio, and significant market presence across India, the USA, and Saudi Arabia. The company’s recent divestment of a 5% stake in EPIC highlights its commitment to reinvest in operational expansions.
Financially, Welspun Corp has shown consistent growth, with a surge in sales from ₹9,758 crore in March 2023 to ₹17,340 crore in March 2024, supported by an improving OPM of 9%. Shareholding trends reflect stable promoter control, increasing foreign institutional interest, and a fluctuating but engaged retail and institutional investor base. Projected share price growth from ₹802.05 in December 2024 to ₹2,432.46 by December 2030 underscores the company’s strong growth potential and strategic focus on innovation and market leadership.
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