# WELCORP (WELCORP) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/welcorp

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹2,659
- Change: +8.08%
- As of: 2026-09-18
- 1D return: +8.12%
- 5D return: -4.21%
- 1M return: +32.66%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, WELCORP is exhibiting a strong bullish technical stance across multiple timeframes, with the current price of ₹2660.1 trading above key moving averages and the Supertrend indicator on daily, weekly, and monthly charts. This alignment suggests a consistent upward trend. The stock's recent performance includes a notable upward gap on the weekly chart on September 18, 2026, alongside active Doji and Harami patterns on the weekly timeframe, indicating potential for continued price movement. However, a wide intraday range event on September 15, 2026, with a return of -0.1%, highlights recent volatility. The stock is trading near its nearest resistance level at ₹2676.0, approximately 0.6% above the current price, with further resistance at ₹2784.8. Immediate support is identified at ₹2600.07, about 2.26% below the current price.

The stock's risk profile shows an annualized volatility of 42% and a current drawdown of -4%. The position in the 252-day range is 94%, indicating it is trading near its yearly highs. The confluence of bullish signals across daily, weekly, and monthly periods, coupled with the price trading above critical moving averages and the Supertrend, supports the prevailing upward trend. Investors should monitor the price action around the nearest resistance and support levels for potential shifts in momentum.

- The stock is trading above its daily, weekly, and monthly Supertrend indicators and key moving averages as of September 18, 2026.
- Nearest resistance is observed at ₹2676.0 (0.6% above current price), with support at ₹2600.07 (-2.26% below current price).
- Active weekly Doji and Harami patterns were noted on September 18, 2026.
- An upward gap occurred on the weekly chart on September 18, 2026.
- Annualized volatility stands at 42%, with a current drawdown of -4%.

- Doji
- Harami
- Inside Bar
- Morning Star

### News Context

Welspun Corp announced on September 12, 2026, the incorporation of a new wholly-owned subsidiary, 'Welspun Special Coating,' through its wholly-owned subsidiary Welspun DI Pipes (WDI). This move signifies an expansion of the company's operational structure. Separately, on September 15, 2026, Welspun Corp was noted among the losers in the 'A' group on the BSE, alongside other companies like Solar Industries India Ltd and Inox India Ltd.

- Welspun Corp announced on September 12, 2026, the incorporation of a new step-down subsidiary named 'Welspun Special Coating' via its wholly-owned subsidiary Welspun DI Pipes.
- Welspun Corp was listed as a loser in the BSE's 'A' group on September 15, 2026.

- Abakkus’ playbook in focus: Seven years without an IT large cap holding and other exceptions
- Quant Small Cap Fund inflows slow: How is Sandeep Tandon positioning the Rs 35,500-crore portfolio?
- PNC Infratech Ltd leads losers in 'A' group
- Welspun Corp announces incorporation of step-down subsidiary - Welspun Special Coating

### What Changed

Welspun Corp's stock price has seen an increase, trading at ₹2660.1 on September 18, 2026, up from ₹2460.3 previously. This marks a recent upward movement in the stock's valuation. The company continues to be listed on the NSE under the symbol WELCORP. No new filings or news developments were reported as of the observation date.

- Stock price increased to ₹2660.1 on September 18, 2026, from a previous price of ₹2460.3.
- Welspun Corp is listed on the NSE.
- No new filings or news were reported as of September 18, 2026.

### Official Filings

Welspun Corp Limited has announced several strategic developments. On August 20, 2026, the company reported securing its largest-ever single order, valued at approximately USD 1.8 billion (around ₹17,200 Crore), for pipe supplies from its USA manufacturing facility. This significant order underscores the company's operational capacity and market demand.

Further expanding its global footprint, Welspun Corp entered into a Memorandum of Understanding on September 1, 2026, with Perma-Pipe International Holdings, Inc. to establish a joint venture in Jordan. This venture aims to support the National Water Carrier Project and regional infrastructure needs by combining Welspun's steel pipe manufacturing with Perma-Pipe's coating expertise. Definitive agreements and specific investment details are pending further discussions.

In line with its growth strategy, the company also disclosed the incorporation of a new step-down wholly owned subsidiary and an associate company on September 11, 2026, and August 31, 2026, respectively. These moves suggest a focus on expanding business operations and potentially diversifying its structure.

- On August 20, 2026, Welspun Corp announced the largest single order in its history, valued at approximately USD 1.8 billion (approx. ₹17,200 Crore), for its USA facility.
- On September 1, 2026, a Memorandum of Understanding was signed with Perma-Pipe International Holdings, Inc. to form a joint venture in Jordan for pipe manufacturing and coating facilities.
- On September 11, 2026, the company informed about the incorporation of a new step-down wholly owned subsidiary.
- On August 31, 2026, an update was provided regarding the incorporation of an Associate Company.
- Welspun Corp held analyst and institutional investor meetings between August 13, 2026, and September 3, 2026, with various financial services firms.

- 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
- Welspun Corp Limited has informed the Exchange about General Updates |SUBJECT: General Updates
- 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
- Welspun Corp Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Welspun Corp Limited has informed the Exchange about Bagging/Receiving of orders/contracts - Welspun Corp Secures Largest-Ever Single Order in Company History Valued at approx USD 1.8 Billion (approx. Rs. 17,200 Crore) for Supply of Pipes from its USA Manufacturing Facility |SUBJECT: Bagging/Receiving of orders/contracts
- WELSPUN CORP LIMITED has informed the Exchange about Bagging/Receiving of orders/contracts (Sub-para 4-Para B) |SUBJECT: Bagging/Receiving of orders/contracts (Sub-para 4-Para B)
- WELSPUN CORP LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL

### Fundamentals

Welspun Corp's recent operating performance shows a mixed trend. Revenue from operations has seen a sequential decline, moving from ₹4,532.48 crore in Q3 FY2025-26 to ₹4,081.12 crore in Q1 FY2026-27. Despite this revenue dip, Profit Before Exceptional Items and Tax has shown an increase in the latest reported quarter, reaching ₹586.37 crore in Q1 FY2026-27, up from ₹397.43 crore in Q4 FY2025-26. This suggests an improvement in profitability margins. Finance costs have also decreased sequentially from ₹50.66 crore in Q3 FY2025-26 to ₹45.18 crore in Q1 FY2026-27, potentially contributing to the improved profit before tax. Tax expense has followed a similar pattern to profit before tax, increasing to ₹159.25 crore in Q1 FY2026-27. The company's ability to improve profitability despite lower revenues warrants monitoring, alongside the trend in its operating expenses which saw a slight increase in Q4 FY2025-26 before declining in Q1 FY2026-27.

- Revenue from operations decreased sequentially from ₹4,532.48 crore in Q3 FY2025-26 to ₹4,081.12 crore in Q1 FY2026-27.
- Profit Before Exceptional Items and Tax increased sequentially to ₹586.37 crore in Q1 FY2026-27 from ₹397.43 crore in Q4 FY2025-26.
- Finance costs reduced sequentially to ₹45.18 crore in Q1 FY2026-27 from ₹50.66 crore in Q3 FY2025-26.
- Other Expenses were ₹739.48 crore in Q3 FY2025-26, ₹808.44 crore in Q4 FY2025-26, and ₹744.21 crore in Q1 FY2026-27.
- Tax Expense was ₹136.60 crore in Q3 FY2025-26, ₹132.55 crore in Q4 FY2025-26, and ₹159.25 crore in Q1 FY2026-27.

### Bull Case

Welspun Corp's technical indicators suggest a bullish trend across multiple timeframes. The daily, weekly, and monthly trends are all indicated as bullish, supported by positive Exponential Moving Average (EMA) and Simple Moving Average (SMA) slopes, and a Supertrend indicator pointing upwards. This suggests sustained upward momentum. The company also announced the incorporation of a new step-down subsidiary, 'Welspun Special Coating', via its wholly-owned subsidiary Welspun DI Pipes, on September 11, 2026. This move could indicate strategic expansion within its operational scope.

- Daily trend analysis shows a bullish Supertrend direction with an ADX of 48.59 as of September 18, 2026.
- Weekly trend analysis also indicates a bullish Supertrend direction, with an ADX of 64.15.
- Monthly trend analysis confirms a bullish Supertrend direction, with an ADX of 43.12.
- Welspun Corp announced the incorporation of a new subsidiary, 'Welspun Special Coating', on September 11, 2026.

- Abakkus’ playbook in focus: Seven years without an IT large cap holding and other exceptions
- Quant Small Cap Fund inflows slow: How is Sandeep Tandon positioning the Rs 35,500-crore portfolio?
- PNC Infratech Ltd leads losers in 'A' group
- Welspun Corp announces incorporation of step-down subsidiary - Welspun Special Coating

### Bear Case

Welspun Corp Ltd experienced a price decline on September 15, 2026, being listed among the losers in the BSE's 'A' group. While the company has announced the incorporation of a step-down subsidiary, Welspun Special Coating, through its wholly-owned subsidiary Welspun DI Pipes, this development does not negate the observed market sentiment reflected in the stock's performance on that date. The stock's technical indicators show a high Average Directional Index (ADX) of 48.59 on a daily timeframe and 64.15 on a weekly timeframe, suggesting strong trending conditions, but also potentially indicating an overbought or oversold state depending on other indicators. The current drawdown stands at -4.0%, and the maximum drawdown has been -25.0%, highlighting periods of significant price depreciation.

- Welspun Corp Ltd was among the losing stocks in the BSE's 'A' group on September 15, 2026.
- The stock exhibits a high ADX of 48.59 on the daily chart and 64.15 on the weekly chart as of September 18, 2026, indicating strong trend momentum.
- The company's current drawdown is -4.0%, with a maximum drawdown recorded at -25.0%.

- Abakkus’ playbook in focus: Seven years without an IT large cap holding and other exceptions
- Quant Small Cap Fund inflows slow: How is Sandeep Tandon positioning the Rs 35,500-crore portfolio?
- PNC Infratech Ltd leads losers in 'A' group
- Welspun Corp announces incorporation of step-down subsidiary - Welspun Special Coating

### FAQs

**What recent strategic partnerships has Welspun Corp entered into?**

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.

**What corporate restructuring activities has Welspun Corp recently undertaken?**

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'.

**How has Welspun Corp's stock performed over different periods?**

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%.

**What are the key technical indicators for Welspun Corp as of September 18, 2026?**

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.

- Abakkus’ playbook in focus: Seven years without an IT large cap holding and other exceptions
- Quant Small Cap Fund inflows slow: How is Sandeep Tandon positioning the Rs 35,500-crore portfolio?
- PNC Infratech Ltd leads losers in 'A' group
- Welspun Corp announces incorporation of step-down subsidiary - Welspun Special Coating
- 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
- Welspun Corp Limited has informed the Exchange about General Updates |SUBJECT: General Updates
- Welspun Corp Limited has informed the Exchange regarding Update on incorporation of an Associate Company |SUBJECT: General Updates
## Technical analytics

- As of: 2026-09-18
- Daily trend: Strong Uptrend
- Weekly trend: Moderate Uptrend
- Pivot point: ₹2,461.13
- Risk regime: Higher Price Risk

### Support levels
- 1571.1
- 1320
- 1252.2

### Resistance levels
- 2676
- 2784.8

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +8.12% |
| return_10 | +0.70% |
| return_1m | +38.76% |
| return_1y | +197.07% |
| return_20 | +32.66% |
| return_3m | +90.36% |
| return_5 | -4.21% |
| return_6m | 2.2379039620230055 |
| return_since_start | 2.273163528977482 |
| return_ytd | 2.3278288609495212 |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -25.30% |
| annualized_volatility | +41.96% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Profit climbs sharply despite lower revenue; net profit far exceeds pre-tax profit

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.

## Revenue: Sequential dip, 14.9% year‑on‑year growth

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.

## Profitability: Sharp increase in both PBT and net profit

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.

## The gap between segment and company‑level profit

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.

## Cost movements: Finance costs decline, other expenses as a share of revenue improve

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.

## Key Takeaway

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.

### Ratios

## Official filings

- 2026-09-18 — Generic Announcement: Welspun Corp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/WELCORP_18092026203534_SEdisclosuresigned.pdf)
- 2026-09-18 — Generic Announcement: Welspun Corp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_2285_WebXMLFile_20260918_203942359.xml)
- 2026-09-11 — Generic Announcement: Welspun Corp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/WELCORP_11092026201734_Stock_Exchange_disclosure_signed.pdf)
- 2026-09-11 — Generic Announcement: Welspun Corp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_2285_WebXMLFile_20260911_205838382.xml)
- 2026-09-01 — Regulatory Filing: Welspun Corp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/WICL1_09012026114815_52991.zip)
- 2026-09-01 — Generic Announcement: Welspun Corp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/WELCORP_01092026193916_SELetterProjectJordanSigned.pdf)
- 2026-08-31 — Generic Announcement: Welspun Corp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/WELCORP_31082026194227_Stock_Exchange_Intimation_signed.pdf)
- 2026-08-27 — Generic Announcement: Welspun Corp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/WELCORP_27082026192004_SE_Intimation_signed.pdf)
- 2026-08-21 — Generic Announcement: Welspun Corp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/WELCORP_21082026095934_investor_meet_final.pdf)
- 2026-08-20 — Generic Announcement: Welspun Corp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/WELCORP_20082026225650_SEintimationsigned.pdf)
- 2026-08-20 — Generic Announcement: Welspun Corp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_2285_WebXMLFile_20260820_233333181.xml)
- 2026-08-07 — Generic Announcement: Welspun Corp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2285_WebXMLFile_20260807_154937690.xml)
- 2026-08-07 — Generic Announcement: Welspun Corp Limited will participate in investor conferences including the Equirus Annual India Conference on August 13, 2026, Emkay Confluence 2026 on August 14, 2026, Recycled Materials & Steel Infrastructure Summit 2026 on August 25, 2026, and Elara Capital Annual Investor Conference - Ashwamedh 2026 on September 3, 2026. The company stated that no Unpublished Price Sensitive Information (UPSI) will be shared during these meetings. — [Official attachment](https://nsearchives.nseindia.com/corporate/WELCORP_07082026145837_SEIC.pdf)
- 2026-08-05 — Credit Rating Update: On August 5, 2026, CARE Ratings reaffirmed Welspun Corp Limited's (WCL) long-term bank facilities and non-convertible debentures rating at 'CARE AA+; Stable' and short-term facilities and commercial paper rating at 'CARE A1+'. The reaffirmation is based on WCL's promoter experience, strong market position in welded pipes, healthy capital structure, strong liquidity, and robust order book of ₹25,750 crore as of July 27, 2026, providing revenue visibility for the next two years. — [Official attachment](https://nsearchives.nseindia.com/corporate/WELCORP_05082026194243_SECARE_Final.pdf)
- 2026-07-31 — Generic Announcement: Welspun Corp Limited announced on July 31, 2026, the completion of its acquisition of an additional 51% equity stake in Welspun Captive Power Generation Limited (WCPGL) from Welspun Living Limited. This transaction increases Welspun Corp's total holding in WCPGL to 74%, making WCPGL a subsidiary. — [Official attachment](https://nsearchives.nseindia.com/corporate/WELCORP_31072026193048_SEWCPGL.pdf)
- 2026-07-30 — Generic Announcement: Welspun Corp Limited has made the transcript of its Q1 FY27 earnings call, held on July 27, 2026, available on its website. This disclosure is in compliance with SEBI Listing Regulations. — [Official attachment](https://nsearchives.nseindia.com/corporate/WELCORP_30072026193629_SE1.pdf)
- 2026-07-27 — Generic Announcement: Welspun Corp Limited has made the audio recording of its Q1 FY 2026-27 earnings conference call available on its website. The recording can be accessed via a provided link under the Investors section. This disclosure is in compliance with SEBI Listing Regulations. — [Official attachment](https://nsearchives.nseindia.com/corporate/WELCORP_27072026191905_Concall_recordings.pdf)
- 2026-07-27 — Generic Announcement: Welspun Corp Limited announced on July 27, 2026, that its consolidated global order book has surpassed Rs. 25,750 Crore, reinforced by a new order worth approximately Rs. 960 Crore for the supply of Coated Line Pipes from its Little Rock, USA facility. This order book, scheduled for execution over FY27 and FY28, represents the strongest in the Company's history and reaffirms revenue visibility and capacity utilization across its Indian and USA manufacturing assets. — [Official attachment](https://nsearchives.nseindia.com/corporate/WELCORP_27072026082610_SEintimationsigned.pdf)
- 2026-07-27 — Official Filing: Welspun Corp Limited has disclosed an audio recording of an earnings call held on July 27, 2026. The call concluded at 13:20:00 on the same date. The audio recording was uploaded to the company's website on July 27, 2026, at 18:43:00, following prior intimation of the earnings call to the exchange on July 17, 2026.
- 2026-07-27 — Official Filing: Welspun Corp Limited received new international orders or contracts on July 26, 2026, in the ordinary course of business. The amount of these orders is 0 INR, and significant terms, nature, and execution time periods are not applicable or confidential.
- 2026-07-25 — Generic Announcement: Welspun Corp Limited announced its unaudited financial results for the quarter ended June 30, 2026. The company's Board of Directors approved these results on July 24, 2026. The filing includes total income, net profit before and after tax, and total comprehensive income for the period, presented in Crores of Rupees. — [Official attachment](https://nsearchives.nseindia.com/corporate/WELCORP_25072026185047_SENEWS_Final.pdf)
- 2026-07-24 — Official Filing: Welspun Corp Limited, through its holding company Slagexcel Private Limited, will incorporate a new entity in India on July 24, 2026, for manufacturing Ground Granulated Blast Furnace Slag (GGBS). The incorporation is subject to regulatory approvals and involves a consideration of Rs. 26,000 for 2,600 equity shares, representing 0.26% shareholding.
- 2026-07-24 — Generic Announcement: Welspun Corp Limited's Board of Directors approved the unaudited financial results for the quarter ended June 30, 2026. They also approved an investment of Rs. 26,000 for a 26% stake in a new Indian company, Slagexcel Private Limited, which will manufacture Ground Granulated Blast Furnace Slag. Additionally, the company will acquire an additional 51% equity stake in Welspun Captive Power Generation Limited (WCPGL) from Welspun Living Limited for Rs. 67.66 Crores, increasing Welspun Corp's shareholding to 74% and making WCPGL a subsidiary. — [Official attachment](https://nsearchives.nseindia.com/corporate/WELCORP_24072026140920_OutcomeSEfilingsigned.pdf)
- 2026-07-24 — Generic Announcement: Welspun Corp Limited's Board of Directors approved the unaudited financial results for the quarter ended June 30, 2026. They also approved an investment of Rs. 26,000 for a 26% stake in a new Indian company, Slagexcel Private Limited, which will manufacture Ground Granulated Blast Furnace Slag. Additionally, the company will acquire an additional 51% equity stake in Welspun Captive Power Generation Limited (WCPGL) from Welspun Living Limited for Rs. 67.66 Crores, increasing Welspun Corp's shareholding to 74% and making WCPGL a subsidiary. — [Official attachment](https://nsearchives.nseindia.com/corporate/WELCORP_24072026142528_OutcomeSEfilingsigned.pdf)
- 2026-07-24 — Press Release: Welspun Corp Ltd announced its consolidated financial results for Q1FY27, reporting the highest-ever quarterly EBITDA of ₹756 crore, a 35% year-over-year increase. Profit After Tax (PAT) jumped nearly threefold year-over-year to ₹1,046 crore, with PAT excluding exceptional items growing 42% year-over-year to ₹499 crore. The company's net cash position strengthened to ₹2,336 crore after incurring capital expenditures of ₹834 crore, and its global order book stands at approximately ₹24,750 crore. — [Official attachment](https://nsearchives.nseindia.com/corporate/WELCORP_24072026170735_SEPRLetter.pdf)

## News and market events

- 2026-09-18 — BUSINESS: **Indices end sideways; metal shares shine for 3rd day** — 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. — [Source](https://www.business-standard.com/markets/capital-market-news/indices-end-sideways-metal-shares-shine-for-3rd-day-126091800788_1.html)
- 2026-09-17 — MONEYCONTROL: **Abakkus’ playbook in focus: Seven years without an IT large cap holding and other exceptions** — Abakkus — [Source](https://www.moneycontrol.com/news/business/markets/abakkus-playbook-in-focus-seven-years-without-an-it-large-cap-holding-and-other-exceptions-14031890.html)
- 2026-09-16 — MONEYCONTROL: **Quant Small Cap Fund inflows slow: How is Sandeep Tandon positioning the Rs 35,500-crore portfolio?** — Quant Small Cap Fund, Sandeep Tandon, Quant Mutual Fund, small cap mutual funds, small cap fund inflows, mutual fund portfolio, Quant Small Cap portfolio, mutual funds — [Source](https://www.moneycontrol.com/news/business/personal-finance/quant-small-cap-fund-inflows-slow-how-is-sandeep-tandon-positioning-the-rs-35-500-crore-portfolio-14031126.html)
- 2026-09-15 — BUSINESS: **PNC Infratech Ltd leads losers in 'A' group** — 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. — [Source](https://www.business-standard.com/markets/capital-market-news/pnc-infratech-ltd-leads-losers-in-a-group-126091500730_1.html)
- 2026-09-12 — BUSINESS: **Welspun Corp announces incorporation of step-down subsidiary - Welspun Special Coating** — 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'. — [Source](https://www.business-standard.com/markets/capital-market-news/welspun-corp-announces-incorporation-of-step-down-subsidiary-welspun-special-coating-126091200178_1.html)
- 2026-09-11 — BUSINESS: **Nifty below 23,350; metal shares under pressure** — 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. — [Source](https://www.business-standard.com/markets/capital-market-news/nifty-below-23-350-metal-shares-under-pressure-126091100434_1.html)
- 2026-09-10 — Economic Times: **Welspun Corp Share Price Today, Welspun Corp Stock Price Live NSE/BSE Updates | The Economic Times** — 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. — [Source](https://economictimes.indiatimes.com/welspun-corp-ltd/stocks/companyid-5032.cms)
- 2026-09-06 — Economic Times: **Ahead of Market: 10 things that will decide stock market action on Monday** — 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. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/ahead-of-market-10-things-that-will-decide-stock-market-action-on-monday/articleshow/133834844.cms)
- 2026-09-03 — BUSINESS: **Indices trade in positive terrain; PSU Bank shares jump** — PSU Bank shares witnessed buying demand for second consecutive trading sessions. — [Source](https://www.business-standard.com/markets/capital-market-news/indices-trade-in-positive-terrain-psu-bank-shares-jump-126090300399_1.html)
- 2026-09-03 — CNBC-TV18: **11:11 | NSE derivatives turnover at 18-month low; Neelkanth Mishra says GDP data 'unfudgable' and more** — Hello and Welcome To CNBC-TV18's Morning Newsletter.In today's edition, we take a look at key developments at the top of the hour, including NSE derivatives see a fall in turnover, World Bank's Neelkanth Mishra says India's GDP data is 'unfudgable', Google's new Android features, PayPal layoffs, a look at the US Open Tennis, and more. — [Source](https://www.cnbctv18.com/business/1111-nse-derivatives-turnover-at-18-month-low-neelkanth-mishra-says-gdp-data-unfudgable-and-more-19982852.htm)
- 2026-09-03 — MONEYCONTROL: **Buzzing Stocks: Welspun Corp shares up 3% after Jefferies initiates Buy; Inox Wind gains on 100 MW projec** — Buzzing Stocks — [Source](https://www.moneycontrol.com/news/business/markets/buzzing-stocks-welspun-corp-shares-up-3-after-jefferies-initiates-buy-inox-wind-gains-on-100-mw-projec-14021389.html)
- 2026-09-03 — CNBC-TV18: **Welspun Corp shares can gain 27% as Jefferies bets on oil & gas infrastructure upcycle** — According to Jefferies, Welspun Corp is well positioned to benefit from a multi-year upcycle in oil and gas infrastructure spending in the US and the Middle East, supported by its local manufacturing presence in both regions. — [Source](https://www.cnbctv18.com/market/welspun-corp-share-price-can-gain-27-percent-jefferies-target-bets-on-oil-and-gas-infrastructure-upcycle-19982903.htm)
- 2026-09-02 — BUSINESSTODAY: **Top stocks in news: Wipro, Hero Moto, NMDC, Welspun Corp, Adani Green, Annu Projects, Gland Pharma** — Stocks in news, Stocks in buzz, Stocks to buy, Stocks to watch, Wipro, Hero MotoCorp, NMDC, Welspun Corp, Adani Green Energy, Annu Projects, Gland Pharma, L&T Finance, Texmaco Rail & Engineering, Ashiana Housing, Ujjivan Small Finance Bank, ARSS Infrastructure Projects, Sical Logistics — [Source](https://www.businesstoday.in/markets/stocks/story/top-stocks-in-news-wipro-hero-moto-nmdc-welspun-corp-adani-green-annu-projects-gland-pharma-552700-2026-09-02)
- 2026-09-02 — CNBC-TV18: **Welspun Corp shares in focus after Jordan pipe manufacturing JV MoU; stock up 220% in 2026** — Under the proposed partnership, Welspun Corp and Perma-Pipe plan to establish a joint venture that would develop and operate an integrated pipe manufacturing and coating platform in Jordan. The facility is expected to cater to water, oil and gas, energy and infrastructure projects in Jordan as well as neighbouring regional markets. — [Source](https://www.cnbctv18.com/market/welspun-corp-share-price-jordan-pipe-manufacturing-jv-perma-pipe-mou-stock-returns-2026-19981926.htm)
- 2026-09-01 — Economic Times: **Stocks in news: Bharti Airtel, Happiest Minds Technologies, PVR INOX, Milky Mist Dairy and Mankind Pharma** — Indian equity markets ended lower on August 31, responding to prevailing global economic dynamics. A modest decline in the Nifty50 index brought it below essential moving averages. Key corporate updates emerged, including major merger announcements and buyback initiatives from Happiest Minds Technologies and PVR INOX. Milky Mist Dairy showed remarkable profit growth, whereas E2E Networks secured a vital contract. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-news-bharti-airtel-happiest-minds-technologies-pvr-inox-milky-mist-dairy-and-mankind-pharma/articleshow/133658328.cms)
- 2026-08-27 — FREEPRESSJOURNAL.IN: **Capital Group, Aberdeen Buy Welspun Corp Stake, Shares Hit 52-Week High** — Capital Group, Aberdeen and domestic funds acquired a 2.39 percent Welspun Corp stake for Rs 1,433 crore, lifting its shares to a 52-week high. — [Source](https://www.freepressjournal.in/business/capital-group-aberdeen-buy-welspun-corp-stake-shares-hit-52-week-high)
- 2026-08-27 — CNBC-TV18: **Top Nifty 500 stocks: One of them sees a 115x jump in volume** — More than 39 lakh shares of Bombay Burmah Trading Corporation changed hands within minutes of the market opening, a volume spike that stood out sharply against its Nifty 500 peers. — [Source](https://www.cnbctv18.com/market/nifty-500-bombay-burmah-trading-volume-spike-welspun-corp-icici-prudential-amc-block-deal-19977986.htm)
- 2026-08-26 — MONEYCONTROL: **Welspun Corp promoter offloads Rs 1,365 crore worth shares via block deals; Capital Group, Aberdeen Group buy over 2% stake** — Capital Group,Aberdeen Group,Welspun Corp block deals,Welspun Corp — [Source](https://www.moneycontrol.com/news/business/markets/welspun-corp-promoter-offloads-rs-1-365-crore-worth-shares-via-block-deals-capital-group-aberdeen-group-buy-over-2-stake-14016286.html)
- 2026-08-26 — CNBC-TV18: **Welspun Corp promoters, CEO sell ₹1,433 crore stake; Capital Group funds among buyers** — Welspun Investments and Commercials and CEO-MD Vipul Mathur sold a 2.4% stake in Welspun Corp, with three Capital Group entities picking up most of the shares. — [Source](https://www.cnbctv18.com/market/welspun-corp-block-deal-promoters-ceo-vipul-mathur-sell-2-4-pc-stake-for-rs-1433-crore-19977793.htm)
- 2026-08-26 — MONEYCONTROL: **Welspun Corp stock falls 4% as 2.4% equity changes hands in Rs 1,433-crore block deal; promoters likely sellers** — welspun corp stake sale, welspun corp block deal, welspun corp promoter stake sale, welspun corp share price today, welspun corp large trade, welspun corp equity stake, welspun corp stock update — [Source](https://www.moneycontrol.com/news/business/markets/welspun-corp-stock-falls-4-as-2-4-equity-changes-hands-in-rs-1-433-crore-block-deal-promoters-likely-sellers-14015604.html)
- 2026-08-26 — BUSINESSTODAY: **Welspun Corp shares fall as CEO Vipul Shah among likely sellers in Rs 1,433 cr block deals** — Welspun Corp share, Welspun Corp share price, Welspun Corp block deal, Welspun Corp promoter, Welspun Corp news — [Source](https://www.businesstoday.in/markets/stocks/story/welspun-corp-shares-fall-as-ceo-vipul-shah-among-likely-sellers-in-rs-1433-crore-block-deals-551360-2026-08-26)
- 2026-08-26 — CNBC-TV18: **Welspun Corp Block Deal: 2.4% equity worth ₹1,433 crore changes hands** — On Tuesday, CNBC-TV18 reported, citing sources that promoter group Welspun Investments and Commercials and CEO-MD Vipul Mathur were looking at selling around 63 lakh shares, or around 2.4% equity, of the firm, worth as much as ₹1,417 crore in block deals. The offer price was set at ₹2,250 per share, sources said. — [Source](https://www.cnbctv18.com/market/welspun-corp-share-price-block-deal-equity-worth-changes-hands-promoter-ceo-md-likely-sellers-19977099.htm)
- 2026-08-26 — BUSINESSTODAY: **Block deals today: Welspun Corp, Groww to see Rs 3,322 crore worth shares changing hands** — Welspun Corp block deal, Groww block deal, block deals today, Welspun Corp share price. Groww share price — [Source](https://www.businesstoday.in/markets/stocks/story/block-deals-today-welspun-corp-groww-to-see-rs-3322-crore-worth-shares-changing-hands-551358-2026-08-26)
- 2026-08-26 — BUSINESSTODAY: **Top stocks in news: Groww, Welspun Corp, Gaja Capital, TMPV, Cipla, NBCC, HindCopper, UCO Bank, UPL** — Stocks in news, Stocks in buzz, Stocks to buy, Stocks to watch, Groww, Welspun Corp, Gaja Capital, Tata Motors PV, Cipla, NBCC, Hindustan Copper, UCO Bank, Sai Parenterals, Honasa Consumer, Gaja Alternative Asset Management, Billionbrains Garage Ventures, Varun Beverages, United Breweries, Advait Energy Transitions, ARSS Infrastructure Projects — [Source](https://www.businesstoday.in/markets/stocks/story/top-stocks-in-news-groww-welspun-corp-gaja-capital-tmpv-cipla-nbcc-hindcopper-uco-bank-upl-551349-2026-08-26)
- 2026-08-25 — Mint: **Days after record $1.8 bn order, Welspun Corp's promoter and CEO offer shares worth $149 mn | Company Business News** — Welspun Corp’s promoter group and chief executive are selling a 2.4% stake worth up to ₹1,418 crore via a block deal at a 4.1% discount. The sale arrives just days after the pipe manufacturer announced a record $1.8 billion US order. — [Source](https://www.livemint.com/companies/days-after-record-1-8-bn-order-welspun-corps-promoter-and-ceo-offer-shares-worth-149-mn-11787672500342.html)

## Business profile

**Strategic vision:** Manufactures and supplies pipes and building materials globally.

### Business segments
- **Line Pipes:** Manufactures and supplies large diameter pipes including HFW, HFIW, HSAW, and LSAW pipes for infrastructure and oil and gas projects.
- **Building Materials:** 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.

### Competitive strengths
- Global manufacturing presence across multiple countries.
- Diversified product portfolio serving multiple end markets.

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/welcorp
Markdown representation: https://faxioms.com/stocks/welcorp?render=md