Welspun Corp Limited stands as one of the largest manufacturers of large diameter pipes globally, with a comprehensive portfolio that includes BIS-certified Steel Billets, TMT (Thermo-Mechanically Treated) Rebars, Ductile Iron (DI) Pipes, Stainless Steel Pipes, and Tubes & Bars. The company ranks among the top 3 line pipe manufacturers globally and is one of the largest producers of large-diameter SAW/ERW pipes worldwide.
Welspun Corp Limited serves as the flagship entity of the esteemed Welspun Group, establishing itself as one of India's fastest-growing global conglomerates with leadership positions in Line Pipes, Home Textiles, Infrastructure, Warehousing, Retail, Oil & Gas, Steel, Advanced Textiles, and Flooring Solutions. The company is an Indian multinational corporation headquartered in Mumbai, India, specializing in manufacturing large-diameter pipes and operating in multiple countries across six continents.
The company's manufacturing facilities are strategically located in India, the United States, and Saudi Arabia. Specifically, its manufacturing facilities are located in Anjar (Gujarat), Bhopal (Madhya Pradesh), Mandya (Karnataka), Jhagadia (Gujarat), and Little Rock, Arkansas, in the US. Welspun Corp has established a global footprint across six continents and fifty countries by delivering key customized solutions for both onshore and offshore applications.
Welspun Corp Limited is engaged in the business of manufacturing steel products and plastic products, particularly focusing on the production and coating of high-grade submerged arc welded pipes, hot rolled steel plates and coils. The company offers SAWL, SAWH, and HFW pipes, and ductile iron pipes for water infrastructure needs.
The company has forayed into manufacturing Ductile Iron (DI) Pipes at its state-of-the-art Greenfield facility in Anjar, Gujarat, with high-end DI pipes extensively used in potable water transmission to cater to the growing water infrastructure requirements in the country. In 2020, Welspun Corp entered the DI pipes business with an installed capacity of 500,000 tonnes at its Anjar facility, which was commissioned in July of the same year.
The company acquired Sintex-BAPL, a market leader in water tanks and other plastic products, to expand its building materials portfolio. In March 2023, the company acquired Sintex, a water tank manufacturer, for Rs 1,251 crores, as part of its strategy to expand its building materials portfolio. The company's industrial and construction materials lineup includes TMT rebars (8mm to 32mm), pig iron, stainless steel, and alloy products for automotive, energy, defense, nuclear power, and aerospace industries, while also providing water tanks and uPVC interiors for home applications.
As of recent data, Welspun Corp has a market capitalization of ₹24,165 crores, representing a 51.1% increase over the past year. The company reported revenue of ₹13,978 crores and profit of ₹1,902 crores, with earnings including other income of ₹1,264 crores.
Welspun Corp's consolidated net profit surged 160.72% to ₹698.31 crores while net sales declined 12.02% to ₹3,924.97 crores in Q4 March 2025 over Q4 March 2024. For the full year, net profit rose 71.84% to ₹1,908.14 crores in the year ended March 2025 as against ₹1,110.40 crores during the previous year, while sales declined 19.39% to ₹13,977.54 crores compared to ₹17,339.60 crores in the previous year.
- Revenue (FY25): ₹13,978 crores
- Net Profit (FY25): ₹1,908 crores
- Market Cap (as of June 2025): ₹24,190 crores
- Dividend: ₹5 per share for FY 2024-25
- Annual revenue growth of 74% and ROE of 19%
- Debt to equity ratio of 29%, signaling a healthy balance sheet
At Anjar, the existing Spiral facility will be upgraded to a hybrid Spiral and LSAW setup with the same total capacity of 350 KMTPA, at a cost of ₹125 crores, with completion targeted for March 2026. Additionally, a new state-of-the-art hot induction bends facility is being developed at Anjar to produce 1,500-2,000 specialized bends per year, at an investment of ₹90 crores, expected by June 2026.
Furthermore, a new coating plant with a capacity of 3 million square meters per annum will be established at the Bhopal manufacturing site, costing ₹40 crores, and is anticipated to be operational by December 2025.
Since May 7, 2025, Welspun Corp has secured additional orders worth about ₹450 crores for its India facility, to be executed in FY26 & FY27. The company announced a repeat export order for 50 km of LSAW pipes and bends for a critical offshore project in the Middle East, and also secured additional orders worth ₹450 crores for its India pipes facility, to be executed in FY26 and FY27.
Promoter holding in Welspun Corp Ltd has declined to 50.01% as of March 2025 from 50.03% as of June 2024. The promoters of Welspun Corp Ltd are Balkrishan Goenka, trustee of Welspun Group Master Trust and Aryabhat Vyapar Private Limited, collectively owning 47.43% of the total equity.
For FY25, Welspun aims for a ₹17,000 crore topline, ₹1,700 crore EBITDA, and 20% ROCE. The company maintains strategic focus on DI Pipes to support India's water access goals with substantial orders and capacity expansion, while exploring emerging opportunities in hydrogen, carbon capture, and ammonia transmission pipelines.
The company's robust position in the global pipeline business, strong presence in the US market, continuous growth in Saudi Arabia, and expanding opportunities in DI pipes and building materials through the Sintex acquisition position it well for sustained growth in the infrastructure and energy sectors.
