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India
As of 18 Sept 2026, 03:30 pm
On September 1, 2026, Welspun Corp Limited signed a Memorandum of Understanding with Perma-Pipe International Holdings, Inc. to establish a joint venture for pipe manufacturing and coating facilities in Jordan. This partnership aims to support Jordan's National Water Carrier Project and serve infrastructure needs in the Levant region. Specific investment details and ownership structures are subject to definitive agreements.
Welspun Corp announced on September 11, 2026, that its wholly-owned subsidiary, Welspun DI Pipes (WDI), approved the incorporation of a new wholly owned subsidiary named 'Welspun Special Coating'. Additionally, on September 11, 2026, Welspun Corp informed the exchange about the acquisition of 'to be incorporated companies'.
As of September 18, 2026, Welspun Corp has shown varied returns across different timeframes. The stock returned 39% in the last month, 90% in the last three months, and 224% in the last six months. Over a longer horizon, it returned 197% in the last year and 227% since the start of its trading history. Year-to-date, the return was 233%.
On a daily basis, Welspun Corp's stock is showing a bullish trend according to the Supertrend indicator, which is at 2375.71. The closing price on September 18, 2026, was ₹2660.1. Key moving averages indicate upward momentum, with the 20-day Exponential Moving Average (EMA) at 2441.66 and the 50-day EMA at 2129.92. On a monthly basis, the Supertrend is also bullish at 1683.18, with a closing price of ₹2660.1.
As of 18 Sept 2026, 03:30 pm
Recent drawdown or price variability is materially high and may lead to larger short-term outcomes.
Primary driver: Price swings are higher than typical
The session opened materially above the previous close, indicating a sharp repricing at the open.
The move may reflect new information; subsequent price follow-through is worth monitoring.
The session traded across a materially wider price range than usual.
Larger price swings can increase short-term uncertainty, especially if they continue.
Trading activity was substantially higher than usual and the price closed lower.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
Trading activity was substantially higher than usual and the price closed higher.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Revenue From Operations | ₹4,081.12 crore | ₹4,312.56 crore | PEAK₹4,532.48 crore | ₹4,373.61 crore | ₹3,551.49 crore |
| Finance Costs | ₹45.18 crore | ₹48.95 crore | ₹50.66 crore | ₹49.38 crore | PEAK₹63.18 crore |
| Other Expenses | ₹744.21 crore | PEAK₹808.44 crore | ₹739.48 crore | ₹771.19 crore | ₹710.70 crore |
| Profit Before Exceptional Items And Tax | PEAK₹586.37 crore | ₹397.43 crore | ₹502.09 crore | ₹492.57 crore | ₹412.08 crore |
| Profit Before Tax | PEAK₹586.37 crore | ₹397.43 crore | ₹502.09 crore | ₹492.57 crore | ₹412.08 crore |
| Tax Expense | PEAK₹159.25 crore | ₹132.55 crore | ₹136.60 crore | ₹144.98 crore | ₹111.89 crore |
Welcorp’s first quarter of FY2026‑27 delivered a striking result: revenue dipped from the prior quarter, but profitability surged at every level. The most unusual development is that net profit substantially exceeded the company’s reported pre‑tax profit, a relationship that warrants close attention.
Exchange disclosures and regulatory announcements for Welspun Corp.
On September 18, 2026, the Board of Directors of Welspun Global Holdings Limited (WGHL) approved the incorporation of a new step-down wholly owned subsidiary named 'Welspun Pipe Jordan, PSC' in Jordan. The proposed entity will engage in manufacturing iron and steel wires, tubes, and pipes for water, gas, and oil transportation, with shareholding to be funded entirely through cash consideration by WGHL. While the specific incorporation date and subscription cost remain pending final regulatory approval from Jordanian authorities, the company will hold 100% of the shares upon completion.
WELSPUN CORP LIMITED has informed the Exchange regarding Acquisition of to be incorporated companies |SUBJECT: Acquisition of 'to be incorporated companies'-XBRL
Welspun Corp Limited has informed the Exchange about Incorporation of a new step-down wholly owned subsidiary |SUBJECT: General Updates
WELSPUN CORP LIMITED has informed the Exchange regarding Acquisition of to be incorporated companies |SUBJECT: Acquisition of 'to be incorporated companies'-XBRL
NAME(S)OF THE ACQUIRER AND ITS(PAC) : Welspun Investments and Commercials Limited
On September 1, 2026, Welspun Corp Limited and Perma-Pipe International Holdings, Inc. signed a Memorandum of Understanding to establish a joint venture for pipe manufacturing and coating facilities in Jordan. The partnership aims to support the Government of Jordan's National Water Carrier Project and serve broader infrastructure needs across the Levant region by combining Welspun's large-diameter steel pipe capabilities with Perma-Pipe's anti-corrosion coating expertise. While specific investment amounts and ownership structures remain undetermined pending definitive agreements, the parties are currently engaged in technical, commercial, and regulatory discussions to advance the project.
Welspun Corp Limited has informed the Exchange regarding Update on incorporation of an Associate Company |SUBJECT: General Updates
Newspaper Advertisement regarding Special Window for Re-lodgement of Transfer of Physical Shares |SUBJECT: Copy of Newspaper Publication
Recent market and company developments associated with Welspun Corp.
In the primary market, the NSE IPO was fully subscribed, while investors continued to track subscription trends in other ongoing issues and monitor the listing performance of recently listed companies.
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Solar Industries India Ltd, Inox India Ltd, TD Power Systems Ltd and Welspun Corp Ltd are among the other losers in the BSE's 'A' group today, 15 September 2026.
Welspun Corp has received a communication from its wholly-owned subsidiary viz. Welspun DI Pipes (WDI) that the Board of Directors of WDI at its meeting held on 11 September 2026 has considered and approved incorporation of a wholly owned subsidiary in the name of 'Welspun Special Coating'.
At 11:30 IST, the barometer index, the S&P BSE Sensex, tanked 385.82 points or 0.52% to 74,518.60. The Nifty 50 index lost 135.50 points or 0.58% to 23,342.30.
Welspun Corp Share Price Today - Get live NSE/BSE quotes of Welspun Corp with latest news, headlines and quick analysis. View forecasts, quarterly results, dividend details, balance sheet & more.
Indian benchmark indices ended slightly higher on Friday, with the Sensex rising 363 points and Nifty closing below 23,898. Investors monitored global market cues, US economic data, and inflation reports, while stock-specific action drove intraday activity across major sectors in a sideways-moving market environment.
Comprehensive Section Breakdown for Welspun Corp
Strategic Vision: Manufactures and supplies pipes and building materials globally.
• Global manufacturing presence across multiple countries.
• Diversified product portfolio serving multiple end markets.
Revenue from operations was ₹4,081.12 crore for the quarter ended June 2026, down 5.37% from ₹4,312.56 crore in the preceding March 2026 quarter. This sequential decline followed three consecutive quarters of revenue above ₹4,300 crore, making it the lowest quarterly revenue in the last four quarters.
Compared with the same quarter a year ago (₹3,551.49 crore), revenue grew by 14.91%. The year‑on‑year comparison shows the business is operating at a higher revenue base than twelve months earlier, even though the most recent quarter saw a pullback from the prior period’s level.
The quarter’s defining feature is the sharp expansion in profitability, which moved in the opposite direction from revenue.
Profit Before Exceptional Items and Tax (PBT) reached ₹586.37 crore, up 47.54% from ₹397.43 crore in the March 2026 quarter and up 42.3% from ₹412.08 crore in the same quarter last year. This increase occurred despite lower revenue, meaning the PBT margin improved significantly.
The bottom line showed an even larger move. Net profit (Profit/Loss for the Period) was ₹1,047.88 crore, more than double the prior quarter’s ₹371.46 crore (up 182.1%) and triple the year‑ago quarter’s ₹349.16 crore (up 200.11%). Basic earnings per share followed the same pattern, rising to ₹39.68 from ₹14.04 in the March quarter and ₹13.32 a year earlier.
A notable feature of the quarter is the large difference between the company’s reported segment profit and its company‑level pre‑tax profit.
Segment Profit Before Tax was ₹1,207.13 crore, more than double the company‑level PBT of ₹586.37 crore. The net profit of ₹1,047.88 crore equals the segment PBT of ₹1,207.13 crore minus the tax expense of ₹159.25 crore. This indicates that the bottom line is aligned with segment profitability rather than the company‑level PBT.
The company‑level PBT, at less than half the segment figure, therefore reflects adjustments that are not part of the segment results. The net profit figure is not directly derived from the company‑level PBT, which explains why net profit far exceeds the company’s pre‑tax profit.
Two cost items moved in directions that supported the company‑level PBT.
Finance costs were ₹45.18 crore, down 28.49% from ₹63.18 crore a year ago and down 7.7% from the March quarter. This is the lowest quarterly finance cost in the five‑quarter period shown.
Other expenses were ₹744.21 crore, down 7.94% from the March quarter (₹808.44 crore) but up 4.72% from the year‑ago quarter (₹710.70 crore). As a percentage of revenue, other expenses were 18.2% in the current quarter, compared with 18.7% in the March quarter and 20.0% a year ago. The expense ratio therefore declined relative to both periods.
Tax expense rose to ₹159.25 crore, up 20.14% from the March quarter and 42.33% from a year ago, reflecting higher profitability. The effective tax rate on company‑level PBT was 27.2%, while on segment PBT it was 13.2%—a difference that stems from the gap between the two profit measures.
Welcorp’s June 2026 quarter delivered a large increase in net profit, which more than doubled from both the previous quarter and the same quarter last year. The net profit of ₹1,047.88 crore was derived from segment profit before tax of ₹1,207.13 crore minus tax expense, rather than from the company‑level profit before tax of ₹586.37 crore. This relationship explains why net profit substantially exceeded the company’s pre‑tax profit. Revenue declined sequentially but grew 14.9% year‑on‑year. Company‑level PBT also improved, supported by lower finance costs and a decline in other expenses as a share of revenue. The divergence between segment and company‑level profit is the most important factor in understanding the quarter’s bottom‑line result.
Category: Manufacturing
Manufactures and supplies large diameter pipes including HFW, HFIW, HSAW, and LSAW pipes for infrastructure and oil and gas projects.
Category: Manufacturing
Produces Ductile Iron (DI) pipes for water infrastructure, BIS-certified steel billets and Direct Reduced Iron for TMT rebars, and stainless steel pipes, tubes, and bars.
Key Products & Services: Welspun Shield
Core Thesis: Diversified product portfolio addresses both B2B and B2C markets across infrastructure and construction sectors.
• Core Pipe Solutions: Focuses on manufacturing and supplying various types of large diameter pipes for critical infrastructure projects. • Building Materials Expansion: Diversifies into DI pipes for water infrastructure and TMT rebars for the construction market, including direct consumer engagement. • Global Manufacturing Footprint: Operates manufacturing facilities in India, the US, and Saudi Arabia to support international project delivery.