WELSPUN CORP Ltd (WELCORP) Stock Price, Fundamentals, Valuation & Analysis

🧬 TickerPulse Stock DNA

8-pillar deterministic fundamental framework with transparent methodology

Composite: Not available

⚡ What Changed? (Recent Signal Radar)

Real-time delta analysis across price discovery, institutional flows, and disclosures

Evidence-Backed Signals • Q3 FY25

Price Move ↑

+0.47%

Short-term demand accumulation with positive intraday momentum.

Inspect Evidence →

Institutional Flow (FII/DII) 🏛️

Holding at 14.6%

Foreign & domestic institutions retain solid allocation across top-tier funds.

Inspect Evidence →

Capital Productivity ⚙️

ROE: 19.4%

Double-digit return on equity ensures sustainable organic balance sheet expansion.

Inspect Evidence →

Exchange Filings & Disclosures 📑

3 Verified Filings

Audited annual reports and earnings presentations submitted to BSE & NSE on schedule.

Inspect Evidence →

Forensic Solvency Radar 🛡️

0 Red Flags Detected

Piotroski health score and debt service coverage pass all standard regulatory thresholds.

Inspect Evidence →

📈 Price & Technical Intelligence

Interactive price action with toggleable 50/200 DMA, VWAP, Bollinger Bands, Volume, and RSI overlays

Overlays: 50 DMA 200 DMA Volume VWAP Bollinger (20,2) RSI (14)

Daily OHLC history · Upstox · Latest session: 09 Nov 2026

50-Day DMA ● Overlay

₹2,134.97

200-Day DMA ● Overlay

₹1,980.10

14-Day RSI ● Overlay

53.6 (Neutral)

Trend Signal

Strong Bullish

📐 Key Fundamentals & Valuation Multiples

Core financial metrics computed from live market prices and audited regulatory filings

Source: Exchange Disclosures • Q3 FY25

Market Cap Live Size

₹69,384 Cr

Large cap

Stock P/E (TTM) Valuation

30.0x

Price / EPS

Book Value (₹) Assets

₹347.0

P/B: 7.6x

ROE (%) Quality

19.4%

Net Profit / Equity

ROCE (%) Efficiency

22.9%

EBIT / Capital

Dividend Yield Yield

0.18%

Face Value: ₹10

Debt / Equity Solvency

0.26x

Manageable

EPS (TTM) Per Share

₹87.28

Trailing 12M

OPM (%) Spread

14.0%

EBITDA Margin

Free Cash Flow Cash

₹715.00 Cr

CFO - Capex

About WELSPUN CORP Ltd

WELSPUN CORP Ltd (WELCORP) is an Indian publicly traded enterprise listed on the National Stock Exchange (NSE).

🧬 DuPont 3-Stage ROE Decomposition:

Margin: 10.1% × Turnover: 0.85x × Leverage: 1.26x = ROE: 19.4%

✓ Company Strengths (Pros)

• Delivers solid shareholder returns with an ROE of 19.4%.
• Efficient capital productivity with a high ROCE of 22.9%.

⚠ Key Considerations & Risks (Cons)

• Stock is trading at a premium of 7.6x its book value.

📑 10-Year Comprehensive Financial Statements

✓ 100% Coverage (15/15 Metrics)

Audited financial statements • Latest: Q3 FY25 (Dec 2024) / Audited FY24 • Source: Company Disclosures & BSE

Latest Sales

₹17,300 Cr

Latest PAT

₹2,319 Cr

EPS (TTM)

₹87.28

OPM %

14.0%

5Y Sales CAGR

14%

5Y Profit CAGR

18%

Swipe → to view historical periods

Quarter (₹ Cr)	Jun 2023	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 / Revenue	₹4,069 Cr	₹4,059 Cr	₹4,750 Cr	₹4,461 Cr	₹3,137 Cr	₹3,302 Cr	₹3,614 Cr	₹3,925 Cr	₹3,551 Cr	₹4,374 Cr	₹4,532 Cr	₹4,313 Cr	₹4,081 Cr
Operating Profit (EBITDA)	₹357.00 Cr	₹400.00 Cr	₹463.00 Cr	₹330.00 Cr	₹374.00 Cr	₹400.00 Cr	₹434.00 Cr	₹460.00 Cr	₹525.00 Cr	₹591.00 Cr	₹616.00 Cr	₹504.00 Cr	₹692.00 Cr
OPM %	9.0%	10.0%	10.0%	7.0%	12.0%	12.0%	12.0%	12.0%	15.0%	14.0%	14.0%	12.0%	17.0%
Interest Expense	₹92.00 Cr	₹75.00 Cr	₹62.00 Cr	₹75.00 Cr	₹66.00 Cr	₹83.00 Cr	₹82.00 Cr	₹88.00 Cr	₹63.00 Cr	₹49.00 Cr	₹51.00 Cr	₹49.00 Cr	₹45.00 Cr
Depreciation	₹86.00 Cr	₹86.00 Cr	₹90.00 Cr	₹87.00 Cr	₹85.00 Cr	₹89.00 Cr	₹90.00 Cr	₹87.00 Cr	₹85.00 Cr	₹84.00 Cr	₹93.00 Cr	₹93.00 Cr	₹125.00 Cr
Profit before Tax (PBT)	₹228.00 Cr	₹466.00 Cr	₹373.00 Cr	₹347.00 Cr	₹305.00 Cr	₹352.00 Cr	₹749.00 Cr	₹855.00 Cr	₹461.00 Cr	₹588.00 Cr	₹593.00 Cr	₹504.00 Cr	₹1,207 Cr
Net Profit (PAT)	₹168.00 Cr	₹387.00 Cr	₹294.00 Cr	₹287.00 Cr	₹248.00 Cr	₹283.00 Cr	₹672.00 Cr	₹699.00 Cr	₹349.00 Cr	₹444.00 Cr	₹456.00 Cr	₹371.00 Cr	₹1,048 Cr
EPS in ₹	₹6.32	₹14.70	₹11.15	₹10.24	₹9.46	₹10.94	₹25.72	₹26.62	₹13.31	₹16.68	₹17.16	₹14.04	₹39.67

Annual P&L (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	₹8,450 Cr	₹7,236 Cr	₹5,899 Cr	₹6,347 Cr	₹8,953 Cr	₹9,957 Cr	₹7,153 Cr	₹6,505 Cr	₹9,758 Cr	₹17,340 Cr	₹13,978 Cr	₹16,770 Cr	₹17,300 Cr
Expenses	₹7,595 Cr	₹6,449 Cr	₹5,380 Cr	₹5,874 Cr	₹8,310 Cr	₹8,756 Cr	₹6,357 Cr	₹6,032 Cr	₹9,264 Cr	₹15,778 Cr	₹12,293 Cr	₹14,534 Cr	₹14,897 Cr
Operating Profit	₹855.00 Cr	₹787.00 Cr	₹519.00 Cr	₹473.00 Cr	₹644.00 Cr	₹1,201 Cr	₹795.00 Cr	₹473.00 Cr	₹494.00 Cr	₹1,561 Cr	₹1,684 Cr	₹2,236 Cr	₹2,403 Cr
OPM %	10%	11%	9%	7%	7%	12%	11%	7%	5%	9%	12%	13%	14%
Interest	₹283.00 Cr	₹241.00 Cr	₹236.00 Cr	₹170.00 Cr	₹177.00 Cr	₹144.00 Cr	₹85.00 Cr	₹102.00 Cr	₹243.00 Cr	₹304.00 Cr	₹320.00 Cr	₹212.00 Cr	₹194.00 Cr
Depreciation	₹436.00 Cr	₹386.00 Cr	₹386.00 Cr	₹258.00 Cr	₹260.00 Cr	₹233.00 Cr	₹246.00 Cr	₹255.00 Cr	₹303.00 Cr	₹348.00 Cr	₹351.00 Cr	₹355.00 Cr	₹394.00 Cr
Profit before Tax	₹231.00 Cr	₹258.00 Cr	₹36.00 Cr	₹173.00 Cr	₹101.00 Cr	₹1,067 Cr	₹1,082 Cr	₹661.00 Cr	₹334.00 Cr	₹1,413 Cr	₹2,262 Cr	₹2,147 Cr	₹2,893 Cr
Net Profit	₹214.00 Cr	₹179.00 Cr	₹10.00 Cr	₹153.00 Cr	-₹22.00 Cr	₹654.00 Cr	₹827.00 Cr	₹444.00 Cr	₹199.00 Cr	₹1,136 Cr	₹1,902 Cr	₹1,620 Cr	₹2,319 Cr
EPS in Rs	2.62	5.72	1.00	5.97	-0.50	24.36	29.42	16.82	7.90	42.44	72.73	61.15	87.55

Balance Sheet (₹ Cr)	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	₹132.00 Cr	₹133.00 Cr	₹133.00 Cr	₹133.00 Cr	₹133.00 Cr	₹130.00 Cr	₹130.00 Cr	₹130.00 Cr	₹131.00 Cr	₹131.00 Cr	₹131.00 Cr	₹132.00 Cr
Reserves & Surplus	₹2,667 Cr	₹2,666 Cr	₹2,677 Cr	₹2,721 Cr	₹2,665 Cr	₹3,085 Cr	₹3,952 Cr	₹4,298 Cr	₹4,582 Cr	₹5,467 Cr	₹7,313 Cr	₹9,024 Cr
Borrowings (Debt)	₹3,021 Cr	₹2,644 Cr	₹1,843 Cr	₹1,386 Cr	₹1,305 Cr	₹1,061 Cr	₹1,021 Cr	₹2,057 Cr	₹3,381 Cr	₹1,967 Cr	₹1,122 Cr	₹2,355 Cr
Total Liabilities	₹9,818 Cr	₹8,637 Cr	₹8,247 Cr	₹7,693 Cr	₹8,200 Cr	₹7,943 Cr	₹7,692 Cr	₹9,169 Cr	₹15,274 Cr	₹11,813 Cr	₹15,201 Cr	₹20,400 Cr
Fixed Assets	₹4,662 Cr	₹3,730 Cr	₹3,356 Cr	₹3,046 Cr	₹1,567 Cr	₹1,617 Cr	₹2,599 Cr	₹2,433 Cr	₹4,910 Cr	₹4,800 Cr	₹4,707 Cr	₹6,536 Cr
Total Assets	₹9,818 Cr	₹8,637 Cr	₹8,247 Cr	₹7,693 Cr	₹8,200 Cr	₹7,943 Cr	₹7,692 Cr	₹9,169 Cr	₹15,274 Cr	₹11,813 Cr	₹15,201 Cr	₹20,400 Cr

Cash Flows (₹ Cr)	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 Operations (CFO)	₹901.00 Cr	₹354.00 Cr	₹403.00 Cr	₹981.00 Cr	₹623.00 Cr	₹648.00 Cr	₹774.00 Cr	₹218.00 Cr	-₹185.00 Cr	₹1,306 Cr	₹1,504 Cr	₹3,204 Cr
Cash from Investing (CFI)	₹338.00 Cr	-₹326.00 Cr	₹618.00 Cr	₹184.00 Cr	-₹255.00 Cr	-₹49.00 Cr	-₹848.00 Cr	-₹201.00 Cr	-₹348.00 Cr	₹373.00 Cr	₹194.00 Cr	-₹3,714 Cr
Cash from Financing (CFF)	-₹1,106 Cr	-₹99.00 Cr	-₹979.00 Cr	-₹761.00 Cr	-₹335.00 Cr	-₹743.00 Cr	-₹198.00 Cr	₹453.00 Cr	₹909.00 Cr	-₹1,877 Cr	-₹1,369 Cr	₹875.00 Cr
Free Cash Flow (FCF)	₹812.00 Cr	₹122.00 Cr	₹322.00 Cr	₹933.00 Cr	₹565.00 Cr	₹474.00 Cr	₹518.00 Cr	-₹757.00 Cr	-₹1,235 Cr	₹1,022 Cr	₹690.00 Cr	₹715.00 Cr

Efficiency Ratios	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 (DSO)	49	71	91	76	48	42	34	46	43	38	46	37
Inventory Days	138	107	159	125	129	127	93	78	286	70	173	166
Cash Conversion Cycle (Days)	33	45	52	24	86	88	72	48	199	40	87	85
ROCE %	8%	8%	5%	7%	12%	30%	20%	13%	6%	20%	21%	23%

🎯 Valuation Lab & Sensitivity Matrix

Intrinsic DCF: ₹1,333.00 • Premium / Overvalued

Multi-model valuation framework (DCF, Graham Number, Historical P/E, EV/EBITDA) with sensitivity testing

Current Price

₹2,212.40

DCF Fair Value

₹1,333.00

Graham Number

₹825.49

Margin of Safety

-50.1%

Interactive Valuation Assumption Sliders:

Growth Rate (g): 12.0%

Discount Rate / WACC (d): 10.0%

Exit Multiple (P/E): 15.0x

Recalculated DCF Fair Value

₹1,333.00

Premium / Overvalued (Margin: -50.1%)

📊 DCF Sensitivity Matrix (Growth vs WACC)

Growth \ WACC	9%	10%	11%	12%
8%	₹1,297	₹1,285	₹1,274	₹1,262
10%	₹1,321	₹1,309	₹1,297	₹1,286
12%	₹1,345	₹1,333	₹1,321	₹1,309
14%	₹1,369	₹1,357	₹1,345	₹1,333

⚖️ Multi-Model Valuation Benchmark

Model	Estimated Value	Status
Discounted Cash Flow (DCF)	₹1,333	Fairly Valued
Benjamin Graham Number	₹825	Market Priced
Historical Sector P/E	₹1,920	Premium
EV / EBITDA Multiplier	₹2,323	In-Line
Free Cash Flow Yield Model	₹2,168	Fairly Valued

🛡️ Forensic Audit Radar & Red Flag Monitor

Piotroski: 7/9 (Strong Financial Health)

Deterministic accounting risk audit, Altman Z-Score bankruptcy predictor, and solvency checks

Piotroski Score

7 / 9 Pass

Altman Z-Score

4.83 (Safe Zone (Low Distress))

Promoter Pledge

0.0% Clean

Accounting Red Flags

0 Detected (Passed)

Balance Sheet Debt

Debt/Equity: 0.26x (Safe)

Promoter Pledge

Zero shares encumbered

Cash Flow Conversion

Positive Operating & Free Cash Flow

Auditor Opinion

Clean unqualified opinion from statutory auditors

Operating Margin Stability

Operating margin sustained at 14.0%

Contingent Liabilities

Disclosed off-balance items remain below 8% net worth

Receivables Cycle (DSO)

Debtor collection cycle within 30-45 day standard

Accounting Integrity (Beneish)

M-Score: -2.85 confirms healthy accounting standards

👥 Shareholding Pattern & Institutional Footprint

Dec 2024 Filing (BSE/NSE)

Institutional ownership distribution across Promoters, FIIs, DIIs, Government, and Public

Promoters

49.73%

FIIs (Foreign)

14.61%

DIIs (Domestic)

19.96%

Government

0.15%

Public / Retail

15.68%

Swipe → to view historical quarters

Category	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	49.96%	49.96%	50.14%	50.03%	50.00%	50.00%	50.00%	49.84%	49.77%	49.73%	49.73%	49.73%
+ FIIs (Foreign Portfolio)	9.42%	10.56%	10.70%	10.51%	11.65%	11.71%	12.18%	12.13%	11.79%	11.45%	11.23%	14.61%
+ DIIs (Mutual Funds / Insurance)	11.53%	11.23%	11.99%	9.74%	11.41%	20.19%	20.50%	20.72%	20.89%	20.55%	21.49%	19.96%
+ Public (Retail & HNIs)	29.05%	28.22%	27.13%	29.67%	26.90%	18.06%	17.28%	17.26%	17.52%	18.26%	17.52%	15.68%
Total Equity	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%

🤖 Filings & AI Document Intelligence

7 Verified Disclosures

Audited exchange annual reports, concall transcripts, investor presentations, and 1-click AI syntheses

Latest Earnings Call Highlights (Q3 FY25 Earnings Concall)

• Management guided for 14-16% organic revenue expansion supported by robust order pipeline in Diversified.

Audited Annual Report FY24

• Clean unqualified audit opinion with zero accounting red flags or material weaknesses.

📑

Integrated Annual Report FY 2023-24 (Audited)

July 2024 • 16.4 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2022-23 (Audited)

July 2023 • 14.8 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2021-22 (Audited)

July 2022 • 13.2 MB • Audited

📥 PDF →

📑

Annual Report FY 2020-21 (Audited)

August 2021 • 11.9 MB • Audited

📥 PDF →

🎙️

WELCORP Q3 FY25 Earnings Conference Call Transcript

January 2025 • 58 Mins

📄 Transcript

🎙️

WELCORP Q2 FY25 Earnings Conference Call Transcript

October 2024 • 52 Mins

📄 Transcript

🎙️

WELCORP Q1 FY25 Earnings Conference Call Transcript

July 2024 • 46 Mins

📄 Transcript

Prompts:

🧭 Scenario Lab (12-Month Derived Valuation Targets)

Probability-weighted fundamental models derived from explicit growth and margin assumptions

🐂 Bull Case (35%) +28.0%

₹2,831.87

Accelerated market share capture in Diversified, margin expansion via operating leverage, and sustained 18%+ ROE compounding.

⚖️ Base Case (50%) +12.0%

₹2,477.89

Steady organic earnings expansion aligned with GDP growth (~12-14% YoY) with stable multiples around 30x P/E.

🐻 Bear Case (15%) -12.0%

₹1,946.91

Sectoral margin compression from raw material inflation or cyclical demand softening.

🏢 Sector Peer Comparison (Diversified)

Independently queried operational and valuation benchmarks with zero shared fallbacks

Source: Independent Exchange Quotes • 20:46 IST

Swipe → to view all peer metrics

Company	Peer Taxonomy	Price (₹)	Change %	P/E	ROE %	ROCE %	D/E	Market Cap
★ WELSPUN CORP Ltd (WELCORP)	Target Stock	₹2,212.40	+0.47%	30.0x	19.4%	22.9%	0.26	₹69,384 Cr
LIFE INSURA CORP OF INDIA (LICI)	Diversified Operations	₹400.00	+0.25%	8.3x	37.8%	35.1%	0.00	₹4.97 Lakh Cr
BSE Ltd (BSE)	Diversified Operations	₹3,906.00	+2.34%	43.9x	46.0%	60.0%	0.00	₹1.24 Lakh Cr
BAJAJ HOLDINGS & INVS Ltd (BAJAJHLDNG)	Diversified Operations	₹11,260.00	+2.91%	13.4x	11.9%	11.0%	0.00	₹1.19 Lakh Cr
ZYDUS LIFESCIENCES Ltd (ZYDUSLIFE)	Diversified Operations	₹1,199.50	-1.35%	23.5x	21.2%	21.1%	0.46	₹1.14 Lakh Cr
HDFC AMC Ltd (HDFCAMC)	Diversified Operations	₹2,715.00	+3.64%	33.6x	32.9%	42.9%	0.00	₹99,034 Cr
BHARAT FORGE Ltd (BHARATFORG)	Diversified Operations	₹1,748.60	+1.37%	90.7x	12.0%	12.6%	0.76	₹91,626 Cr

🛡️ Data Trust: ✓ Live Market Feed (NSE) • ✓ Audited Statements (BSE) • ✓ Shareholding LODR (Dec 2024) • 100% Coverage

Domain / Module	Primary Source	Reported Period	Last Sync Time	Audit Status
Live Market Quotes	National Stock Exchange (NSE) / BSE Market Feed	Real-Time	20:46:55 IST	✓ Live Sync
Financial Statements (10Y)	WELSPUN CORP Ltd Investor Relations & BSE Filings	Q3 FY25 / Audited FY24	11 Nov 2026	✓ Audited
Shareholding Pattern	Exchange Disclosures (Clause 35 / SEBI LODR)	Dec 2024	11 Nov 2026	✓ Verified
Stock DNA & Valuations	TickerPulse 8-Pillar Scoring & DCF Engine	Current Computed	11 Nov 2026	✓ Deterministic

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TickerPulse Academy

WELSPUN CORP Ltd

🧬 TickerPulse Stock DNA

⚡ What Changed? (Recent Signal Radar)

📈 Price & Technical Intelligence

📐 Key Fundamentals & Valuation Multiples

About WELSPUN CORP Ltd

📑 10-Year Comprehensive Financial Statements

🎯 Valuation Lab & Sensitivity Matrix

🛡️ Forensic Audit Radar & Red Flag Monitor

👥 Shareholding Pattern & Institutional Footprint

🤖 Filings & AI Document Intelligence

🧭 Scenario Lab (12-Month Derived Valuation Targets)

🏢 Sector Peer Comparison (Diversified)

Metric Explainer

Stock DNA Methodology

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