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Earnings Call

Welspun Corp Earnings Call: Key Takeaways

Welspun Corp delivered record FY26 performance, surpassing EBITDA guidance with 14% margins and a robust Rs 25,350 Cr order book.

Why this was an Alfa AlertEBITDA beat: Guided Rs 2,200 Cr, achieved Rs 2,371 Cr (7.77% above guidance). Management explicitly stated 'surpassed full year guidance'.
Highlights
Revenue growth20% y-o-y for FY26.
MarginsEBITDA margin improved to 14.0% in FY26 from 13.1%.
Order bookAll-time high ~Rs 25,350 Cr across segments.
Demand visibilityStrong multi-year visibility in USA (LNG/AI) and KSA (Vision 2030).
Management confidenceHigh; visibility through FY28 for USA spiral mill.

Growth

FY26 Revenue grew 20% to Rs 16,770 Cr; EBITDA rose 28% to Rs 2,371 Cr.

Outlook

FY27 guidance: Revenue Rs 20,000 Cr, EBITDA Rs 2,850 Cr. US/KSA expansions commission in FY27.

Risks

Global geopolitical uncertainty, raw material cost volatility, and domestic overcapacity in DI pipes.

Source

Earnings Call filed with BSE, NSE: WELCORP. Summary written with AI assistance from the document.

Read the document ↗

Welspun Corp Ltd: key numbers

Share price
₹2,832.40
Market cap
₹74,716 Cr
Revenue (annual)
₹16,770 Cr
Net profit (annual)
₹1,613 Cr
P/E (TTM)
32.4×Sector 19.0×
Promoter holding
49.73%+0.00% QoQ
FII holding
14.61%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

More from Welspun Corp Ltd

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08:28 IST NSE
New Order Win

Welspun Corp Bags ₹4,000 Cr Order

Welspun Corp's subsidiary secured a record HFIW pipe order valued at ₹4,000 crore. The order will be executed from their US facility during FY28 and FY29.

Value
₹4,000 Cr
Execution
FY28 and FY29
Order book
₹45,000 Cr
22:00 IST BSE
New Order Win

Welspun Corp Bags ₹2,000 Cr Order

Welspun Corp Ltd secured an international order worth ₹2,000 Crore. The counterparty is confidential, and the contract falls within the ordinary course of business.

Value
₹2,000 Cr
21:41 IST NSE
Business Update

Welspun Corp Business Update

Welspun Corp's associate, East Pipes Integrated Company, secured a contract from Saudi Aramco valued at approximately ₹2,000 Crore. This project will be executed over six months.

Value
₹2,000 Cr
From
Saudi Arabian Oil Co. (Aramco)
Execution
6 months
20:13 IST BSE
Merger & Restructuring

Welspun Corp Merger & Restructuring

Welspun Corp Ltd's subsidiary, Welspun DI Pipes Limited, is incorporating a new wholly owned subsidiary, 'Welspun Special Coating Private Limited', to undertake pipe coating business activities.