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Welspun Corp Ltd

Updated on July 11, 2024

Stock/Share Code - WELCORP

Welspun Corp is engaged in the business of Production and Coating of High Grade Submerged Arc Welded Pipes, Hot Rolled Steel Plates and Coils.

Below is the details of WELCORP Welspun Corp Ltd

Market Cap₹2,806 Cr.
Current Price ₹199.25 as on 23 Mar 23
52 Week High / Low Price₹233.95 / ₹55
Face Value₹5
Stock P/E4.20
Book Value₹59.81
Dividend Yield9.76 %
ROCE23.28 %
ROE17.97 %
Sales Growth (3yrs)-0.71 %
IndustrySteel - Medium / Small
Listed onBSE  AND  NSE
Company WebsiteCompany Website
Pros: Stock is providing a good dividend yield of 9.76%. Company is expected to give good quarter Company has delivered good profit growth of 53.94% CAGR over last 5 years Company has been maintaining a healthy dividend payout of 35.97% Debtor days have improved from 71.00 to 49.08 days.
Cons: Promoter holding has decreased by -1.54% over last quarter The company has delivered a poor growth of -2.98% over past five years. Company has a low return on equity of 6.49% for last 3 years. Contingent liabilities of Rs.3430.04 Cr. Earnings include an other income of Rs.742.88 Cr.

Welspun Corp Ltd Price Chart

Welspun Corp Ltd Price Chart

Welspun Corp Ltd Peer Comparison in Steel

S.No. Name CMP Rs. P/E Mar Cap Rs.Cr. Div Yld % NP Qtr Rs.Cr. Qtr Profit Var % Qtr Sales Var % Sales Qtr Rs.Cr. ROCE %
1. 18.69 ₹5,504.09 Cr. 1.02 ₹49.71 Cr. -20.74 -1.63 578.07 24.08
2. Mishra Dhatu Nig 24.71 ₹3,906.98 Cr. 0.48 Cr.
3. Welspun Corp 4.20 ₹2,805.81 Cr. 9.76 ₹553.11 Cr. 259.65 93.02 1039.09 23.28
4. Apollo Tricoat 36.50 ₹1,734.62 Cr. 0.00 ₹8.96 Cr. 142.82 230.61 170.99 27.05
5. Mah. Seamless 6.58 ₹1,537.64 Cr. 1.09 ₹19.17 Cr. -75.21 -34.07 458.98 11.12
6. Godawari Power 6.45 ₹1,063.43 Cr. 0.00 ₹46.49 Cr. -14.52 -14.74 711.25 16.39
7. Kalyani Steels 8.54 ₹933.45 Cr. 2.34 ₹8.77 Cr. -76.04 -64.71 121.19 18.55
8. Sarda Energy 7.53 ₹903.21 Cr. 2.00 ₹35.47 Cr. -15.67 -37.43 347.40 7.83

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Welspun Corp Ltd Fundamentals

Quarterly Results

Quarterly reports are issued by companies every three months. Most companies have a financial year-end of Mar. 31 and quarters that end on June 30, Sept. 30, Dec. 31 and March 31.

Standalone Figures in Rs. Crores

Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020
Sales -1,3011,4258099851,0898561,2075388311,4531,4311,039
YOY Sales Growth %127%53%-52%-24%-16%-40%49%-45%-24%70%19%93%
Expenses -1,2631,3387589481,0778291,4545968141,2931,303942
Material Cost %81%79%72%75%76%74%83%71%68%71%64%67%
Employee Cost %4%4%4%4%4%5%5%8%6%3%4%4%
Operating Profit388751371227-248-581716012897
OPM %3%6%6%4%1%3%-21%-11%2%11%9%9%
Other Income38173751403719294391950635
Profit before tax-30183633-85-285179-5120120685
Tax %39%41%40%35%-39%253%1%14%-54%42%55%19%
Net Profit-19102221-11-7-281154-86954553
EPS in Rs-0.700.390.820.80-0.39-0.27-9.695.80-0.323.052.0621.20

Profit & Loss

The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs and expenses incurred during a specified period, usually a fiscal quarter or year. The P&L statement is synonymous with the income statement. These records provide information about a company's ability or inability to generate profit" by increasing revenue, reducing costs or both. Some refer to the P&L statement as a statement of profit and loss, income statement, statement of operations, statement of financial results or income, earnings statement or expense statement.

Standalone Figures in Rs. Crores

Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020TTM
Sales -5,7486,5966,2705,7706,6324,8684,9493,7724,3464,0204,1364,2534,754
Sales Growth %48.98%14.77%-4.94%-7.98%14.95%-26.61%1.67%-23.77%15.20%-7.51%2.91%2.83%
Expenses -5,2815,5145,5045,4816,2574,6204,6663,6103,8443,6964,0563,9774,352
Material Cost %73%68%71%74%74%74%82%75%73%76%78%68%
Manufacturing Cost %14%9%8%12%13%8%6%9%10%8%10%14%
Employee Cost %2%2%3%3%3%3%4%5%4%4%5%5%
Other Cost %2%4%6%5%4%10%4%7%2%3%6%6%
Operating Profit4671,08276628937524728316350232481277402
OPM %8%16%12%5%6%5%6%4%12%8%2%6%8%
Other Income2648794219224175147108213128-105372743
Profit before tax3548095267672-28-26-179264205-255414920
Tax %34%33%31%15%26%36%38%31%34%39%-9%35%
Net Profit2345403646553-18-16-123175126-277268667
EPS in Rs12.2626.1117.482.771.930.
Dividend Payout %12%8%11%18%25%-75%-84%-11%8%11%-5%102%

Compounded Sales Growth

  • 10 Years:: -4.29%
  • 5 Years:: -2.98%
  • 3 Years:: -0.71%
  • TTM:: 28.85%

Compounded Profit Growth

  • 10 Years:: -6.16%
  • 5 Years:: 53.94%
  • 3 Years:: 28.29%
  • TTM:: 561.11%

Return on Equity

  • 10 Years:: -7.61%
  • 5 Years:: -0.54%
  • 3 Years:: -7.97%
  • 1 Year:: -11.15%

Balance Sheet

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure. It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders. It is used alongside other important financial statements such as the income statement and statement of cash flows in conducting fundamental analysis or calculating financial ratios.

Standalone Figures in Rs. Crores

Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Share Capital -93102102114131131132133133133133130
Equity Capital93102102114131131132133133133133130
Other Liabilities -4,0702,0772,5704,4633,0001,4072,9832,4143,0062,8932,0122,487
Trade Payables6098131,435398196115123141208341146312
Advance from Customers00000001780000
Other liability items3,4611,2631,1354,0662,8051,2932,8612,0952,7982,5521,8652,175
Total Liabilities7,8236,7958,28511,03210,4015,9996,9925,9166,2935,5064,3974,870
Fixed Assets -2,2912,4632,5053,0532,9842,9842,8082,5962,3702,198773817
Gross Block2,6532,9693,1743,9064,0754,2944,3802,8432,8602,9221,2161,371
Accumulated Depreciation3625066708531,0911,3101,572247490724442554
Other Assets -4,9803,6503,5154,3773,5881,4403,1322,3423,1532,7262,9683,479
Trade receivables5848048841,0939773891,7419821,3231,103723572
Cash Equivalents91992161664142750198146115196172163
Loans n Advances1,1576303905034664414006554734221,7671,376
Other asset items-4-1030849024431-34-234-85-156-19
Total Assets7,8236,7958,28511,03210,4015,9996,9925,9166,2935,5064,3974,870

Cash Flows

Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow.

Standalone Figures in Rs. Crores

Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Cash from Operating Activity -1,262-186979827-8041525633626679225316
Profit from operations725918741395265323307207694441494333
Other WC items0000000-4750-116-189700
Working capital changes593-920370457-331106-47131-461308-238-249
Direct taxes-55-184-132-25-15-14-4-23343-3-68
Cash from Investing Activity --55315-1,796-2,054178-855795350188-236359
Fixed assets purchased-300-359-397-260-131-95-30-46-90-43-30-142
Fixed assets sold101312131411
Investments purchased0-2-1,178-6530-38-1-300-26,721-8,016
Investments sold225000368048317422618726,4558,080
Interest received804356542171061008874567257
Dividends received791040252332000275
Invest in subsidiaries-0-105-308-959-188-1000000
Loans to subsidiaries-4230-94-15-5000-142-10-1000
Investment in group cos0-000000-150000
Other investing items-143429114-265-63-5034148-5-14104
Cash from Financing Activity -901725121,251-312-772-732-488-594-902-39-374
Proceeds from shares0469350810000000
Proceeds from debentures1551,1841,000788337000025000
Redemption of debentures-155-490-1300-51800-49-300-70400
Proceeds from borrowings53901361555504400410800837
Repayment of borrowings-229-785-318-2-436-584-512-233-124-330-749-798
Interest paid fin-188-174-131-151-232-216-204-190-195-102-74-70
Dividends paid-33-33-48-48-13-15-15-16-16-16-16-274
Financial liabilities00000000000-10
Other financing items00000000000-59
Net Cash Flow7992-30524-214-36581-562278-231

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Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
ROCE %17%24%13%5%4%3%4%-1%12%11%4%23%
Debtor Days374451695429128951111006449
Inventory Turnover2.402.563.483.003.273.666.083.573.062.674.983.52

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