Skip to main content
Swing Capital

Welspun Specialty Solutions Ltd

NSE: WELSPLSOL BSE: 500365Metal

Welspun Specialty Solutions is fully Integrated Manufacturing Facility for Stainless Steel Long Products and Seamless Pipes & Tubes spread over an area of 126 acres in Jhagadia, Gujarat.

₹40.8
52W: ₹29.8 — ₹47.2
PE 120 · Book ₹6.89 · +492% vs book
Market Cap₹2,723 Cr
Stock P/E120Price to Earnings
ROCE10.2%Return on Capital
ROE5.09%Return on Equity
Div. Yield0%Face Value ₹6

Strengths

  • +Company is almost debt free.
  • +Company has delivered good profit growth of 20.3% CAGR over last 5 years

Weaknesses

  • −Stock is trading at 5.89 times its book value
  • −Company has low interest coverage ratio.
  • −Company has a low return on equity of 10.4% over last 3 years.
  • −Earnings include an other income of Rs.18.0 Cr.
  • −Debtor days have increased from 48.9 to 58.9 days.
  • −Company's cost of borrowing seems high
  • −Working capital days have increased from 39.6 days to 66.3 days

Shareholding Pattern

Promoters55.17%
FIIs1.3%
DIIs0%
Public43.53%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters55.17%55.17%55.17%55.17%55.17%55.17%55.17%55.17%
FIIs0%0.03%▲0.00.02%▼0.00.03%▲0.00.02%▼0.00.01%▼0.00.01%1.3%▲1.3
DIIs0%0%0%0.22%▲0.20%▼0.20%0.03%▲0.00%▼0.0
Public44.83%44.8%▼0.044.8%44.58%▼0.244.8%▲0.244.82%▲0.044.79%▼0.043.53%▼1.3

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales174.75151.27162.1167.42194.05200.15201.32239.08226.05219.75
Expenses162.83139.2151.25164.66186.59190.42197.01224.62209.09208.59
Operating Profit11.9212.0710.852.767.469.734.3114.4616.9611.16
OPM %6.82%7.98%6.69%1.65%3.84%4.86%2.14%6.05%7.5%5.08%
Net Profit6.140.031.95-6.35-3.63.56-0.759.659.514.26
EPS ₹0.090.60.03-0.1-0.050.05-0.010.150.140.06

AI Insights

Revenue Trend

Mar 2026 revenue at ₹886Cr, up 22.4% YoY. OPM at 5%.

Debt Position

Borrowings at ₹35Cr. Debt-to-equity ratio: 0.59x. Moderate leverage.

Capex Cycle

CWIP at ₹49Cr (24% of fixed assets). Significant capex underway — growth runway building.

Institutional Flow

DIIs: 0% (+0.00pp change). FIIs: 1.3% (+1.28pp change). Promoters hold 55.17%.

Margin & Efficiency

ROCE improving from -8% (Mar 2015) to 10% (Mar 2026). Working capital days: 66.

Valuation

PE 120x with 10.2% ROCE. Price is 492% above book value of ₹6.89. Dividend yield: 0%.

Recent Announcements