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Welspun Corp Ltd share Price Today

Company details

610.00
631.90
236.45
623.90
6M Return 11.57%
1Y Return 160.10%
Mkt Cap.(Cr) 15,956.45
Volume 457,305
Div Yield 0.79%
OI
-
OI Chg %
-
Volume 457,305

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Iron & Steel Products company Welspun Corp announced Q3FY24 & 9MFY24 results:

Consolidated Financials:

  • Revenue from operations for Q3FY24 and 9MFY24 stood at Rs 4,750 crore ( 98% YoY) and Rs 12,878 crore ( 126% YoY) respectively.
  • EBITDA for Q3FY24 and 9MFY24 recorded at Rs 471 crore ( 170%) and Rs 1,391 crore ( 332%) respectively.
  • PAT for Q3FY24 jumped by more than 10x to Rs 292 crore, while for 9MFY24 it stood at Rs 842 crore against a loss of Rs 29 crore during the corresponding period previous year.
  • Net debt reduced to Rs 503 crore at the end of 9MFY24 compared to Rs 1,837 crore at the end of 9MFY23 driven by strong free cash-flows from the businesses.
  • ROCE for 9MFY24 stood at 15.7% (not annualized) compared to FY23 ROCE of 7.9%.

Complete Pipe Solutions (India & US Line Pipes, DI Pipes, SS Pipes & Tubes):

  • Sales volume of line pipe businesses in India and the USA for 9MFY24 rose 65% YoY.
    • Order Book for Line Pipes in India and US stands at 575 KMT valued at ~Rs 7,200 crore.
    • Our associate Company, EPIC in Saudi Arabia has a confirmed order book exceeding 2 years. Execution of recent Aramco order of SAR 1.8 billion started.
  • Steady improvement in DI Pipes sales - 9MFY24 sales volume rose almost 10x YoY to 135 KMT.
  • Stainless Steel Bars sales volume grew by 201% YoY to 12,294 MT while, Pipes & Tubes sales volume rose by 23% YoY to about 3,667 MT during 9MFY24.

Building Materials (Sintex and TMT):

  • WST sales volume in Sintex grew 11% YoY to 10,514 MT in 9MFY24, while TMT Rebars sales volume for 9MFY24 stood at 79 KMT as against 2 KMT during the same period last year.
  • Sintex finalized its foray into Plastic Pipes segments- portfolio to include different types of PVC Pipes including CPVC, HDPE, UPVC, and OPVC.

ESG:

  • Achieved the highest rating (59) in ESG Performance by CRISIL ESG Ratings among peers.
  • Moving towards sustainability goals by focusing on improving energy intensity, water intensity, and waste intensity. Got “ZERO waste to Landfill” certification by TUV NORD INDIA achieved for the Anjar facility.
  • Tax transparency report published.

I am glad to see that our strategic focus on key business segments has been helping us sail through turbulent global geopolitical tensions and macro-economic challenges. Operational and financial performances continued to remain strong for Q3 and 9MFY24. As per our planned strategy, we have finalised our foray into the plastic pipes segment, which provides us with a huge opportunity to leverage Sintex brand value. Looking at the strong growth opportunity we have finalized our investment in DI Pipes in the Middle East region. Along with the steady and improving performances in existing and new business, investment in future growth areas will help in significant value creation for our stakeholders.” said B. K. Goenka, Chairman, Welspun Group.

“Highest ESG performance score by CRISIL among peer companies is a testimony to our commitment to sustainability” he added.

Result PDF

View Other Company Results

Welspun Corp Ltd shares SWOT Analysis

Strengths (7)

  • Stock passes majority of CANSLIM Investment criteria
  • Strong Momentum: Price above short, medium and long term moving averages
  • Company with high TTM EPS Growth

Weakness (7)

  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Inefficient use of shareholder funds - ROE declining in the last 2 years
  • Inefficient use of assets to generate profits - ROA declining in the last 2 years

Opportunity (2)

  • Highest Recovery from 52 Week Low
  • RSI indicating price strength

Threats (0)

Data not found

Resistance and support

R1 637.3
R2 645.5
R3 659.2
Pivot

623.63

S1 615.4
S2 601.7
S3 593.5
EMA SMA
585.9
568.2
546.0
490.2
583.8
557.4
558.9
490.4
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
WELSPUN GROUP MASTER TRUST Block Purchase 2024-03-06 541.5 450000 NSE
VIPUL MATHUR Block Sell 2024-03-06 541.5 450000 NSE
SOCIETE GENERALE Block Purchase 2024-01-25 589.15 478877 BSE
Name Category Shares
Balkrishan Goenka, trustee of Welspun Group Master Trust PROMOTER 44.91%
Aryabhat Vyapar Private Limited PROMOTER 2.64%
Welspun Investments and Commercials Limited PROMOTER 2.58%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Welspun Corp Ltd Stocks COMPARISON

Financials( in Cr) Welspun Corp Ltd JSW Steel Ltd Tata Steel Ltd Jindal Steel & Power Ltd Tube Investments of India Ltd
Price 609.80 907.45 167.35 1,015.50 3,804.85
% Change 1.81 4.19 1.06 2.21 0.48
Mcap Cr 15,956.45 221,912.72 208,911.91 103,589.94 73,586.56
Revenue TTM Cr 9,758.10 165,960.00 243,352.69 53,211.52 14,964.73
Net Profit TTM Cr 199.17 4,139.00 8,075.35 3,974.09 1,325.06
PE TTM 15.27 20.14 85.23 17.46 110.57
1 Year Return 160.10 31.12 59.08 93.85 41.46
ROCE 6.38 8.60 12.10 14.17 33.06
ROE 3.21 6.22 7.48 13.27 37.40
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 4,748.71 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 45,096.27 -32,431.93
LAST 3M 105,135.14 -41,239.38
LAST 6M 172,248.08 48,806.90
LAST 12M 264,707.07 127,969.33

Welspun Corp Ltd Information

Stock PE (TTM)
15.27
Promoter Holding
50.14%
Book Value
192.9852
ROCE
6.38%
ROE
3.21%
Registered Address

Welspun City, Village Versamedi Taluka Anjar, Kutch, Gujarat, 370110

Tel : 91-02836-662079
Email : CompanySecretary_WCL:welspun.com
Website : http://www.welspuncorp.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 5
Market Lot Equity Shares : 1
BSE Code : 532144
NSE Code : WELCORP
Book Closure Date (Month) :
BSE Group : A
ISIN : INE191B01025

FAQ’s on Welspun Corp Ltd Shares

You can buy Welspun Corp Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Welspun Corp Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 17, 2024 03:59 PM the closing price of Welspun Corp Ltd was Rs.609.80.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 17, 2024 03:59 PM, the market cap of Welspun Corp Ltd stood at Rs. 15,956.45.

The latest PE ratio of Welspun Corp Ltd as of May 17, 2024 03:59 PM is 15.27

The latest PB ratio of Welspun Corp Ltd as of May 17, 2024 03:59 PM is 0.32

The 52-week high of Welspun Corp Ltd share price is Rs. 623.90 while the 52-week low is Rs. 236.45

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