Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 207.82 | 174.75 | 151.27 | 162.10 | 167.42 | 194.05 | 200.15 | 201.32 | 239.08 | 226.05 | 219.75 | 193.67 |
| Expenses | 195.82 | 162.83 | 139.20 | 151.25 | 164.66 | 186.59 | 190.42 | 197.01 | 224.62 | 209.09 | 208.59 | 183.13 |
| Operating Profit | 12.00 | 11.92 | 12.07 | 10.85 | 2.76 | 7.46 | 9.73 | 4.31 | 14.46 | 16.96 | 11.16 | 10.54 |
| OPM % | 5.77% | 6.82% | 7.98% | 6.69% | 1.65% | 3.84% | 4.86% | 2.14% | 6.05% | 7.50% | 5.08% | 5.44% |
| Other Income | 5.71 | 7.19 | 5.14 | 5.93 | 5.56 | 5.52 | 8.37 | 9.70 | 3.63 | 2.81 | 1.85 | 3.79 |
| Interest | 8.62 | 9.10 | 7.17 | 10.28 | 10.60 | 12.37 | 10.71 | 10.80 | 4.36 | 5.90 | 4.75 | 5.18 |
| Depreciation | 3.89 | 3.91 | 3.88 | 3.90 | 4.07 | 4.21 | 4.01 | 3.96 | 4.08 | 4.36 | 4.31 | 4.41 |
| Profit before tax | 5.20 | 6.10 | 6.16 | 2.60 | -6.35 | -3.60 | 3.38 | -0.75 | 9.65 | 9.51 | 3.95 | 4.74 |
| Tax % | 0.00% | 0.00% | -549.84% | 25.00% | 0.00% | 0.00% | -5.33% | 0.00% | 0.00% | 0.00% | -7.85% | -8.86% |
| Net Profit | 5.20 | 6.10 | 40.03 | 1.95 | -6.35 | -3.60 | 3.56 | -0.75 | 9.65 | 9.51 | 4.26 | 5.16 |
| EPS in Rs | 0.08 | 0.09 | 0.60 | 0.03 | -0.10 | -0.05 | 0.05 | -0.01 | 0.15 | 0.14 | 0.06 | 0.08 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 267 | 262 | 240 | 441 | 295 | 93 | 163 | 418 | 697 | 724 | 886 | 879 |
| Expenses | 280 | 277 | 251 | 477 | 366 | 113 | 182 | 401 | 641 | 693 | 839 | 825 |
| Operating Profit | -13 | -15 | -11 | -36 | -71 | -20 | -18 | 17 | 56 | 31 | 47 | 53 |
| OPM % | -4.8% | -6% | -4.5% | -8% | -24% | -21% | -11% | 4.0% | 8% | 4.3% | 5% | 6% |
| Other Income | 5 | 9 | 10 | 32 | 15 | 138 | 19 | 15 | 22 | 25 | 18 | 12 |
| Interest | 46 | 45 | 47 | 9 | 15 | 11 | 19 | 30 | 33 | 44 | 26 | 20 |
| Depreciation | 7 | 7 | 7 | 7 | 10 | 14 | 14 | 15 | 15 | 16 | 17 | 17 |
| Profit before tax | -60 | -58 | -55 | -20 | -81 | 93 | -32 | -14 | 29 | -4 | 22 | 28 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | -118% | 2% | -1% | |
| Net Profit | -60 | -58 | -55 | -20 | -81 | 93 | -32 | -14 | 62 | -4 | 23 | 29 |
| EPS in Rs | -4.43 | -4.31 | -4.02 | -0.46 | -1.33 | 1.41 | -0.49 | -0.21 | 0.94 | -0.06 | 0.34 | 0.43 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 13% | 57% | 28% | 15% | ||
| Compounded Profit Growth | 9% | 20% | 53% | 500% | ||
| Stock Price CAGR | 27% | 30% | 16% | 46% | ||
| Return on Equity | % | 4% | 10% | 5% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 65 | 65 | 65 | 65 | 208 | 293 | 318 | 318 | 318 | 318 | 398 | 398 |
| Reserves | -264 | -304 | -510 | -391 | -420 | -398 | -279 | -274 | -289 | -225 | 37 | 59 |
| Borrowings | 416 | 418 | 607 | 800 | 410 | 374 | 172 | 241 | 233 | 260 | 21 | 35 |
| Other Liabilities | 77 | 68 | 50 | 107 | 214 | 60 | 89 | 88 | 214 | 235 | 273 | 379 |
| Total Liabilities | 293 | 246 | 212 | 582 | 412 | 329 | 300 | 372 | 477 | 587 | 728 | 871 |
| Fixed Assets | 123 | 118 | 110 | 105 | 100 | 219 | 224 | 212 | 207 | 198 | 195 | 200 |
| CWIP | 1 | 0 | 0 | 7 | 85 | 12 | 5 | 6 | 1 | 5 | 2 | 51 |
| Investments | 0 | 0 | 0 | 67 | 0 | 0 | 0 | 0 | 0 | 0 | 24 | 144 |
| Other Assets | 169 | 129 | 101 | 402 | 227 | 99 | 71 | 154 | 268 | 384 | 506 | 476 |
| Total Assets | 293 | 246 | 212 | 582 | 412 | 329 | 300 | 372 | 477 | 587 | 728 | 871 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -15 | 25 | 18 | -5 | -2 | -27 | 43 | -84 | 50 | 7 | 58 | 128 |
| Cash from Investing Activity | -2 | -1 | 4 | -74 | -18 | -48 | -9 | -4 | -5 | -12 | -39 | -177 |
| Cash from Financing Activity | 14 | -25 | -24 | 320 | -222 | 74 | -34 | 93 | -50 | 5 | 53 | -12 |
| Net Cash Flow | -3 | -1 | -2 | 241 | -243 | 0 | 0 | 5 | -5 | -0 | 72 | -61 |
| Free Cash Flow | -17 | 24 | 18 | -17 | -82 | -83 | 31 | -88 | 45 | -5 | 42 | 67 |
| CFO/OP | 166% | -196% | -117% | 48% | 6% | 38% | -210% | 450% | 291% | 14% | 189% | 274% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 73 | 89 | 58 | 122 | 59 | 13 | 40 | 34 | 36 | 25 | 62 | 59 |
| Inventory Days | 74 | 106 | 121 | 179 | 159 | 112 | 337 | 431 | 289 | 223 | 189 | 153 |
| Days Payable | 101 | 130 | 93 | 202 | 169 | 65 | 116 | 255 | 291 | 173 | 201 | 214 |
| Cash Conversion Cycle | 46 | 65 | 86 | 99 | 50 | 60 | 261 | 211 | 34 | 76 | 51 | -2 |
| Working Capital Days | -92 | -16 | -87 | -405 | -126 | -150 | 101 | 138 | 34 | -9 | 62 | 7 |
| ROCE % | -8% | -9% | -9% | -4% | -12% | -33% | -13% | -6% | 6% | 20% | 10% | 10% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 55.17% | 55.17% | 55.17% | 55.17% | 55.17% | 55.17% | 55.17% | 55.17% | 55.17% | 55.17% | 55.17% | 55.17% |
| FIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.02% | 0.03% | 0.02% | 0.01% | 0.01% | 1.30% | 1.30% |
| DIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.22% | 0.00% | 0.00% | 0.03% | 0.00% | 0.05% |
| Public | 44.82% | 44.82% | 44.82% | 44.83% | 44.80% | 44.80% | 44.58% | 44.80% | 44.82% | 44.79% | 43.53% | 43.48% |
| No. of Shareholders | 87,835 | 87,778 | 88,352 | 92,357 | 96,406 | 96,899 | 99,581 | 99,071 | 98,933 | 98,469 | 97,199 | 98,294 |
Fundamentals
Market Cap₹ 3,491 Cr.
Current Price₹ 52.7
Stock P/E122
Book Value₹ 6.89
ROCE9.90 %
ROE4.80 %
Dividend Yield0.00 %
Face Value₹ 6.00
Compounded Sales Growth (TTM)15%
Compounded Profit Growth (TTM)500%
Standalone figures.
Valuation
Market capRs 3,484 Cr
Enterprise valueRs 3,507 Cr
P/E (TTM)121.90x
Price to book7.63x
Price to sales3.97x
EV / EBITDA53.79x
EV / EBIT73.00x
EV / sales3.99x
Price to cash flow27.19x
Earnings yield0.82%
P/E, 3-year average58.22x
P/B, 3-year average8.49x
P/E, 5-year average58.22x
P/B, 5-year average14.68x
Profitability
Operating margin (excl. other income)5.29%
Operating margin (incl. other income)7.32%
EBITDA margin7.42%
Pre-tax margin3.17%
Net profit margin3.25%
Net margin, latest quarter2.66%
ROE5.09%
ROCE10.17%
ROA2.84%
ROE, 3-year average35.19%
ROCE, 3-year average13.39%
ROA, 3-year average4.65%
ROE, 5-year average-2.17%
ROCE, 5-year average8.14%
ROA, 5-year average0.21%
ROIC (approx.)10.15%
Tax rate-1.39%
Other income / net worth3.94%
Growth
Sales growth (latest year)22.45%
Sales CAGR, 3 years28.48%
Sales CAGR, 5 years56.82%
Profit CAGR, 5 years-24.63%
Sales growth QoQ-11.87%
Profit growth QoQ21.13%
Sales growth YoY (latest quarter)-3.80%
Per share
EPS (TTM)Rs 0.43
EPS (latest year)Rs 0.34
EPS (latest quarter)Rs 0.08
EPS, 3-year averageRs 0.49
EPS, 5-year averageRs 0.12
Book value per shareRs 6.89
Sales per shareRs 13.26
Cash flow per shareRs 1.93
Free cash flow per shareRs 1.01
Efficiency
Asset turnover1.02x
Fixed asset turnover4.42x
Inventory turnover2.95x
Inventory days124 days
Debtor days59 days
Debtors turnover6.20x
Creditor days214 days
Cash conversion cycle-2 days
Working capital days7 days
Leverage
Total debtRs 35 Cr
Cash and bankRs 12 Cr
Net debtRs 23 Cr
Debt to equity0.08x
Net debt / EBITDA0.35x
Interest coverage2.38x
Owners' fund to total sources52.42%
Debt to assets4.03%
Cash flow
Cash from Operating Activity (latest year)Rs 128 Cr
Cash from Investing Activity (latest year)Rs -177 Cr
Cash from Financing Activity (latest year)Rs -12 Cr
Net Cash Flow (latest year)Rs -61 Cr
Free cash flow (latest year)Rs 67 Cr
FCFE (approx.: FCF + change in debt)Rs 81 Cr
Cash from ops / profit, 5 years4.54x
Sales to cash flow6.92x
Statement figures
Net sales (TTM)Rs 879 Cr
Net sales (latest year)Rs 886 Cr
Sales (latest quarter)Rs 194 Cr
Operating profit excl. other income (latest year)Rs 47 Cr
Operating profit (latest quarter)Rs 11 Cr
Other income (TTM)Rs 12 Cr
EBITDA (TTM)Rs 65 Cr
PBDT (TTM)Rs 45 Cr
Profit before tax (TTM)Rs 28 Cr
Tax (latest year)Rs -0 Cr
Net profit (TTM)Rs 29 Cr
Net profit (latest year)Rs 23 Cr
Net profit (latest quarter)Rs 5 Cr
Depreciation (TTM)Rs 17 Cr
Depreciation (latest quarter)Rs 4 Cr
Interest (TTM)Rs 20 Cr
Cost of goods sold (latest year)Rs 759 Cr
Total expenditure (latest year)Rs 839 Cr
Total income (latest year)Rs 904 Cr
Share capitalRs 398 Cr
ReservesRs 59 Cr
Shareholders' fundsRs 457 Cr
Total assetsRs 871 Cr
Net blockRs 200 Cr
Capital work in progressRs 51 Cr
InvestmentsRs 144 Cr
ReceivablesRs 143 Cr
InventoryRs 258 Cr
Other liabilitiesRs 379 Cr
Shares outstanding (crore)66.26
Ownership
Promoter holding55.17% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 121.9 is at the 71th percentile of its own 2.9-year range
(median 49.0, low 9.2, high 292.5).
P/B 7.63 is at the 20th percentile (median 24.13).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | WELSPLSOL | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -1.6% | -2.8% | +1.1 pts |
| 1 month | +3.4% | -6.8% | +10.2 pts |
| 3 months | -0.7% | -7.6% | +6.9 pts |
| 3 years | +56.3% | +14.2% | +42.2 pts |
| 5 years | +263.6% | +27.9% | +235.7 pts |
Red flags
F-score 7 of 8| look | Profit leans on other income Other income was 80% of pre-tax profit in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹194 Cr -3.8% vs Jun 2025.
Net profit ₹5 Cr +788.0%.
Against our estimate for Jun 2026: sales -15.0%, profit -24.2% in line. Our estimate for Sep 2026: sales Rs 246 Cr, profit Rs 8 Cr (how).
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Welspun Corp Ltd | 74,969 | 32.5 | 22.9 % |
| APL Apollo Tubes Ltd | 60,768 | 49.4 | 31.8 % |
| Shyam Metalics & Energy Ltd | 29,979 | 26.7 | 13.0 % |
| Ratnamani Metals & Tubes Ltd | 19,859 | 45.3 | 17.9 % |
| Jindal Saw Ltd | 17,759 | 27.2 | 10.4 % |
| Usha Martin Ltd | 15,204 | 27.9 | 19.5 % |
| Godawari Power & Ispat Ltd | 14,902 | 18.2 | 20.5 % |
| Gallantt Ispat Ltd. | 13,007 | 29.8 | 18.2 % |
| Maharashtra Seamless Ltd | 9,672 | 13.1 | 14.3 % |
| Jayaswal Neco Industries Ltd | 8,997 | 15.7 | 20.7 % |
| Sunflag Iron & Steel Company Ltd | 8,368 | 39.4 | 4.07 % |
| Man Industries (India) Ltd | 7,198 | 35.2 | 16.2 % |
| Aeroflex Industries Ltd | 7,141 | 106 | 18.9 % |
| Technocraft Industries (India) Ltd | 6,635 | 19.5 | 16.3 % |
| Shivalik Bimetal Controls Ltd | 6,402 | 60.1 | 26.6 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Welspun Specialty Solutions Ltd?
Welspun Specialty Solutions Ltd (WELSPLSOL) has a market capitalisation of Rs 3,491 Cr. at the 2026-10-01 close.
What is the P/E ratio of Welspun Specialty Solutions Ltd?
Welspun Specialty Solutions Ltd trades at a P/E of 122 on trailing twelve-month profit, at the 2026-10-01 close.
What were Welspun Specialty Solutions Ltd's latest quarterly results?
In the Jun 2026 quarter, Welspun Specialty Solutions Ltd sales was Rs 194 Cr (-3.8% vs Jun 2025) and net profit was Rs 5 Cr.
What is the 52-week high and low of Welspun Specialty Solutions Ltd?
The 52-week high is Rs 63.25 and the 52-week low is Rs 36.00.