Shares of Welspun Corp Limited fell by 3.53 percent, trading at ₹1,282.10 on Friday morning, relinquishing gains from a robust quarterly performance reported on the previous trading session, even as the broader metals index remained stable.
The stock opened close to its last closing price of ₹1,330.20, reached an intraday high of ₹1,306.80, before dropping to a low of ₹1,252.20. By late morning, over 1.4 million shares had been traded, corresponding to a value of approximately ₹180 crore. Despite the decline today, the stock has surged over 67 percent in the past year and nearly 775 percent over the last five years, significantly outperforming the Nifty Metal index.
The decline in shares coincided with Welspun Corp’s announcement of strong financial results for FY26. The company reported full-year EBITDA of ₹2,371 crore, exceeding its guidance of ₹2,200 crore, at a 14 percent margin. Full-year profit after tax (PAT) rose 42 percent year-on-year to ₹1,613 crore, while Q4 PAT increased 28 percent to ₹370 crore. The company also enhanced its net cash position to ₹1,627 crore, despite capital expenditures totaling ₹2,532 crore.
Welspun’s order book stands at an all-time high of approximately ₹25,350 crore, encompassing line pipes, ductile iron pipes, and stainless steel products, with its US spiral mill fully booked through FY28. Management has guided for FY27 revenue of ₹20,000 crore and EBITDA of ₹2,850 crore. Additionally, a dividend of ₹5 per share was declared.
Adding another dimension to the Welspun Group’s developments, the buyback record date for Welspun Living is set for Friday, with a buyback price of ₹175, representing a premium of over 25 percent compared to the current market price of ₹139.30.
