Welspun Corp Ltd

WELCORP
MaterialsIron & Steel
SmallcapWith a market cap of ₹5,382 cr, stock is ranked 476
High RiskStock is 3.40x as volatile as Nifty
206.255.60 (+2.79%)

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MaterialsIron & Steel
SmallcapWith a market cap of ₹5,382 cr, stock is ranked 476
High RiskStock is 3.40x as volatile as Nifty

Key Metrics

PE RatioPE Ratio
12.27
PB RatioPB Ratio
1.41
Dividend YieldDiv. Yield
2.42%
Sector PESector PE
11.97
Sector PBSector PB
2.78
Sector Div YldSctr Div Yld
2.50%

Forecast & RatingsDetailed Forecast 

0%

Analysts have suggested that investors can buy this stock

Price

Price Upside

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Earnings

Earnings Growth

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Revenue

Rev. Growth

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Company Profile

Welspun Corp Limited is a diameter line pipe company, engaged in the business of production and coating of submerged arc welded pipes, hot rolled steel plates and coils, and power generation.

Investor PresentationView older 

May 27, 2022

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Financial TrendFinancial statements 

20192020202120229.0910.286.817.06-0.010.640.620.44
Revenue
Profit
Loss
All values in ₹ Thousand cr.
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Holdings TrendDetailed holdings 

Total Promoter Holding
Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding
Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Increased Mutual Fund Holding
Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has increased by 1.72%

See detailed holdings

Recent EventsAll events 

General updates 
Announced OnMay 27, 2022

Further to our letter dated May 27, 2022 on the subject, please take note that the Board of Directors of the Company at its meeting held on Friday, May 27, 2022 have, inter-alia, considered and approved the following businesses:In pursuit of sustainability mandate under ESG framework of the Company, the Board has in principle approved investment in equity shares at par upto Rs. 40 Crore to acquire upto 26% equity share capital of a proposed SPV for implementation of renewable energy project in the state of Gujarat as a captive / group captive unit. The investment is expected to be done during FY23, subject to detailed due diligence. Further, the Board has approved investment in Welspun Transformation Services Limited (¬タワWTSL¬タン), a newly incorporated company of the Welspun group, at par value, for 19% of the equity share capital of WTSL for an amount upto Rs. 57 Lakh. The investment is expected to be done during FY23. WTSL proposes to provide services for processing transactions relating to finance, HR, procurement, supply chain, information technology(IT), ITES etc. for the Company and its subsidiaries, both in India and abroad. WTSL will deploy robotic process automation (RPA), machine learning, artificial intelligence for improving productivity and controls. The Company proposes to use the services offered by WTSL for consolidating and scaling up its digital journey and business transformation | Download

Further to our letter dated May 27, 2022 on the subject, please take note that the Board of Directors of the Company at its meeting held on Friday, May 27, 2022 have, inter-alia, considered and approved the following businesses:In pursuit of sustainability mandate under ESG framework of the Company, the Board has in principle approved investment in equity shares at par upto Rs. 40 Crore to acquire upto 26% equity share capital of a proposed SPV for implementation of renewable energy project in the state of Gujarat as a captive / group captive unit. The investment is expected to be done during FY23, subject to detailed due diligence. Further, the Board has approved investment in Welspun Transformation Services Limited (¬タワWTSL¬タン), a newly incorporated company of the Welspun group, at par value, for 19% of the equity share capital of WTSL for an amount upto Rs. 57 Lakh. The investment is expected to be done during FY23. WTSL proposes to provide services for processing transactions relating to finance, HR, procurement, supply chain, information technology(IT), ITES etc. for the Company and its subsidiaries, both in India and abroad. WTSL will deploy robotic process automation (RPA), machine learning, artificial intelligence for improving productivity and controls. The Company proposes to use the services offered by WTSL for consolidating and scaling up its digital journey and business transformation | Download

Record Date 
Announced OnMay 27, 2022

Welspun Corp Limited has informed the Exchange that Record date for the purpose of Dividend is 10-Jun-2022. | Download

Welspun Corp Limited has informed the Exchange that Record date for the purpose of Dividend is 10-Jun-2022. | Download

Cash Dividend 
Ex. DateAug 9, 2021

Final • Div/Share: ₹ 5

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