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Welspun Specialty Solutions Ltd

WELSPLSOL NSE

Key Fundamentals

MicrocapIron & Steel ProductsIndustrial Products
Market Cap
₹3,654 Cr
Volatility
Moderate
P/E Ratio
157.76
EBITDA
₹64.90 Cr
Return on Equity
4.97%
Debt to Equity
0.08
Book Value
₹6.89
52W High
₹63.25
52W Low
₹36

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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36 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

2
  • Company is almost debt free.
  • Company has delivered good profit growth of 20.0% CAGR over last 5 years

Weaknesses

6
  • Stock is trading at 7.72 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 10.3% 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

Growth Rate

Revenue Growth
20.70% ↗
Net Income Growth
-653.66% ↘
Cash Flow Change
121.79% ↗
ROE
-628.72% ↘
ROCE
19.61% ↗
EBITDA Margin (Avg.)
-4.27% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 9d ago
AI opinion · based on fundamentals
Risk high

Welspun Specialty Solutions Ltd is a small-cap industrials company with a market cap of Rs.3,469 Cr trading at a PE of 155.9x. The company has delivered strong revenue growth of 28% CAGR over 3 years and profit growth of 53% CAGR over 3 years, but returns on equity remain modest at 5% last year and valuation multiples are elevated at 7.69x book value.

Bull Case 7
  • Company is almost debt free, providing financial flexibility and lower risk during cyclical downturns
  • Compounded profit growth of 53% CAGR over 3 years demonstrates strong earnings momentum
  • TTM profit growth of 582% indicates a significant earnings inflection in the most recent period
  • Revenue CAGR of 28% over 3 years and 57% over 5 years shows sustained top-line expansion
  • Stock has delivered 52% return over the past 1 year, reflecting strong market confidence and momentum
  • Long-term stock CAGR of 29% over 10 years indicates consistent value creation over extended periods
  • TTM sales growth of 22% suggests continued revenue traction in the current period
Bear Case 8
  • PE ratio of 155.9x is extremely elevated, implying the stock prices in years of high growth with little margin of safety
  • Price-to-book ratio of 7.69x is high relative to industrial peers, leaving limited valuation support on the downside
  • 3-year average ROE of only 10.3% is modest for a company commanding such premium multiples
  • Last year ROE declined to 5%, suggesting deteriorating capital efficiency despite revenue growth
  • Debtor days increased from 48.9 to 58.9 days, signalling potential working capital stress or weaker collection discipline
  • Earnings include other income of Rs.18 Cr, meaning core operating profit may be lower than headline numbers suggest
  • Company has a low interest coverage ratio and high cost of borrowing despite being near debt-free, raising questions about operating cash flow adequacy
  • Zero dividend yield offers no income cushion for investors during potential price corrections

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 9d ago
Neutral 2
  • BRSR filed for FY26 Jun 22

    Welspun Specialty Solutions filed its Business Responsibility and Sustainability Report for FY26, reporting zero safety incidents and 16% export contribution.

  • AGM scheduled Jul 17 Jun 19

    The 44th AGM will be held on July 17, 2026 via video conferencing, with July 10 as the cut-off date for voting eligibility.

TL;DR: Limited news flow for Welspun Specialty Solutions with only routine regulatory filings and AGM scheduling. Zero safety incidents in the BRSR is a positive operational signal, while 16% export contribution indicates modest international exposure. No material headwinds or catalysts are visible in recent coverage, and the trend remains neutral pending further business updates at the upcoming AGM.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
138
163
208
175
151
162
167
194
200
201
239
226
220
Expenses
120
143
196
163
139
151
165
187
190
197
225
209
209
Operating Profit
18.08
19.84
12
11.92
12.07
10.85
2.76
7.46
9.73
4.31
14.46
16.96
11.16
OPM %
13.12%
12.18%
5.77%
6.82%
7.98%
6.69%
1.65%
3.84%
4.86%
2.14%
6.05%
7.5%
5.08%
Other Income
2.99
3.46
5.71
7.19
5.14
5.93
5.56
5.52
8.37
9.7
3.63
2.81
1.85
Interest
9.25
8.36
8.62
9.1
7.17
10.28
10.6
12.37
10.71
10.8
4.36
5.9
4.75
Depreciation
3.76
3.8
3.89
3.91
3.88
3.9
4.07
4.21
4.01
3.96
4.08
4.36
4.31
PBT
8.06
11.14
5.2
6.1
6.16
2.6
-6.35
-3.6
3.38
-0.75
9.65
9.51
3.95
Tax %
0%
0%
0%
0%
-549.84%
25%
0%
0%
-5.33%
0%
0%
0%
-7.85%
Net Profit
8.06
11.14
5.2
6.1
40.03
1.95
-6.35
-3.6
3.56
-0.75
9.65
9.51
4.26
EPS in Rs
0.12
0.17
0.08
0.09
0.6
0.03
-0.1
-0.05
0.05
-0.01
0.15
0.14
0.06
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
332
267
262
240
441
295
93
163
418
697
724
886
Expenses
341
280
277
251
477
366
113
182
401
641
693
839
Operating Profit
-9
-13
-15
-11
-36
-71
-20
-18
17
56
31
47
OPM %
-3%
-5%
-6%
-4%
-8%
-24%
-21%
-11%
4%
8%
4%
5%
Other Income
34
5
9
10
32
15
138
19
15
22
25
18
Interest
50
46
45
47
9
15
11
19
30
33
44
26
Depreciation
12
7
7
7
7
10
14
14
15
15
16
17
PBT
-37
-60
-58
-55
-20
-81
93
-32
-14
29
-4
22
Tax %
0%
0%
0%
0%
0%
0%
0%
0%
0%
-118%
2%
-1%
Net Profit
-37
-60
-58
-55
-20
-81
93
-32
-14
62
-4
23
EPS in Rs
-2.7
-4.43
-4.31
-4.02
-0.46
-1.33
1.41
-0.49
-0.21
0.94
-0.06
0.34
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-15
25
18
-5
-2
-27
43
-84
50
7
58
128
Investing
-2
-1
4
-74
-18
-48
-9
-4
-5
-12
-39
-177
Financing
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
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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%

Shareholding Pattern

As of Mar 2026
Promoters 55.17%
Public 38.85%
Others 4.67%
FIIs 1.31%
Total 100.00%
  Mar 2021May 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters
53.62%
53.55%
53.55%
53.55%
53.55%
53.55%
53.55%
53.55%
53.55%
55.17%
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%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.04%
0.03%
0.03%
0.03%
0.01%
0.01%
1.31%
DIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.22%
0.00%
0.00%
0.03%
0.00%
Government
0.00%
0.01%
0.01%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
34.89%
34.95%
34.96%
36.26%
36.46%
36.63%
36.75%
36.57%
36.64%
36.70%
37.00%
37.17%
37.31%
37.62%
37.84%
38.43%
38.62%
38.53%
38.79%
39.41%
39.57%
38.85%
Others
11.49%
11.49%
11.47%
10.18%
9.98%
9.81%
9.70%
9.88%
9.80%
8.12%
7.82%
7.65%
7.52%
7.21%
6.98%
6.36%
6.18%
6.05%
6.01%
5.41%
5.22%
4.67%
No. of Shareholders
78,896
80,079
81,082
84,700
84,608
87,121
87,000
86,320
85,831
85,069
85,109
87,835
87,778
88,352
92,357
96,406
96,899
97,311
99,071
98,933
98,469
97,199

Documents

Frequently Asked Questions about Welspun Specialty Solutions Ltd

What does Welspun Specialty Solutions Ltd do?
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.
Where is Welspun Specialty Solutions Ltd (500365) listed?
Welspun Specialty Solutions Ltd is listed on the Indian stock exchanges. It is listed on NSE: WELSPLSOL and BSE: 500365. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Welspun Specialty Solutions Ltd belong to?
Welspun Specialty Solutions Ltd operates in the Industrial Products sector within the Iron & Steel Products industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Welspun Specialty Solutions Ltd?
Welspun Specialty Solutions Ltd has a market capitalisation of approximately ₹3653.64 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of Welspun Specialty Solutions Ltd?
The Price-to-Earnings (PE) ratio of Welspun Specialty Solutions Ltd is 157.76. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Welspun Specialty Solutions Ltd?
Over the past 52 weeks, Welspun Specialty Solutions Ltd has traded between a low of ₹36 and a high of ₹63.25. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Welspun Specialty Solutions Ltd?
Welspun Specialty Solutions Ltd has a Return on Equity (ROE) of 4.97%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Welspun Specialty Solutions Ltd on Tapetide?
On Tapetide, you can view Welspun Specialty Solutions Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

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.

Website rmgalloysteel.com
Listed 1998-02-04
Face Value ₹ 6

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