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Welspun Specialty Solution

WELSPLSOL NSE
₹41.76 down 0.27 (0.64%)
Market Cap
₹2,767 Cr
P/E
198.86

Welspun Specialty Solution (WELSPLSOL) share price was ₹42.03 at the 28 Oct 2026 close; market capitalisation ₹2,785 Cr; P/E (TTM) 200.14; sector Industrial Products. The share price rose 5.7% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Sep 2026 quarter, revenue rose 0.5% year on year to ₹240.33 Cr and net profit was −₹4.51 Cr, against ₹9.65 Cr a year earlier (compared with Sep 2025). Promoters held 55.17% of Welspun Specialty Solution in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 42/100 (Weak) as of 28 Oct 2026.

Close 28 Oct 2026 ₹42.03 +3.42 +8.86% 1Y

Key Fundamentals

MicrocapIndustrial ProductsCapital Goods
Market Cap
₹2,767 Cr
P/E (TTM)
198.86
EBITDA
₹64.90 Cr
Return on Equity
4.97%
Debt to Equity
0.08
Book Value
₹6.90
EPS (TTM)
₹0.21
52W High
₹63.25
52W Low
₹31.00

Price-based figures as of 29 Oct 2026, 10:57 IST · EPS basis: Standalone · TTM

Peer Comparison

Industrials › Industrial Products › Iron & Steel Products

Welspun Corp
₹2,581.1029.4868,087 Cr7.430.20%17.23%19.52%18,378 Cr2,319 Cr
APL Apollo Tubes
₹2,228.9050.3561,887 Cr10.780.38%22.71%28.21%24,268 Cr1,229 Cr
Shyam Metalics & Energy
₹1,155.2028.7132,245 Cr2.800.16%8.58%12.95%19,781 Cr1,121 Cr
Ratnamani Metals & Tubes
₹2,336.3037.8316,376 Cr3.980.43%12.70%16.32%4,431 Cr514 Cr
Jindal SAW
₹242.0028.2115,476 Cr1.230.82%7.53%10.94%18,622 Cr498 Cr
Usha Martin
₹454.6527.3213,855 Cr4.200.78%14.88%18.75%3,918 Cr508 Cr
Godawari Power & Ispat
₹194.6416.2113,104 Cr2.290.51%13.71%18.00%5,933 Cr807 Cr
Welspun Specialty Solution (this company)
₹41.76198.862,767 Cr6.050.00%4.97%10.43%890 Cr14 Cr
Median 8 companies₹804.9329.1015,926 Cr4.090.41%13.21%17.16%12,155 Cr661 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company. 1 company is not shown because they are not listed on an exchange we cover.

Tapetide Score

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

42 Weak
Overall score

Data confidence 100/100

Category scores

Quality Good 57
Returns, margins, earnings quality 22% weight
Valuation Poor 21
Cheap vs sector & own history 24% weight
Growth Poor 30
Sales & profit trajectory 9% weight
Financial Health Average 46
Solvency, leverage, coverage 9% weight
Momentum Poor 31
Trend strength, vol-adjusted 12% weight
Ownership Average 51
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

3
  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 20.0% CAGR over last 5 years

Weaknesses

4
  • Stock is trading at 6.25 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 10.3% over last 3 years.
  • Debtor days have increased from 48.9 to 58.9 days.

Technical Indicators

Oscillators

Neutral

Bearish
2
Neutral
5
Bullish
2

Overall

Bearish

Bearish
12
Neutral
5
Bullish
2

Moving Averages

Bearish

Bearish
10
Neutral
0
Bullish
0

Growth Rate

Revenue Growth
20.7% lower than 3Y

change over 1 year

Net Income Growth
-654% lower than 3Y

change over 1 year

Cash Flow Change
122%

change over 1 year

EBITDA Margin Change
-4.27%

change over 1 year Operating margin 1.15% · Sep 2026

AI Analysis — Bull vs Bear

Generated 6 Jul 2026
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

114d 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

Particulars Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
208
175
151
162
167
194
200
201
239
226
220
194
240
Expenses
196
163
139
151
165
187
190
197
225
209
209
183
238
Operating Profit
12
11.92
12.07
10.85
2.76
7.46
9.73
4.31
14.46
16.96
11.16
10.54
2.76
OPM %
5.77%
6.82%
7.98%
6.69%
1.65%
3.84%
4.86%
2.14%
6.05%
7.5%
5.08%
5.44%
1.15%
Other Income
5.71
7.19
5.14
5.93
5.56
5.52
8.37
9.7
3.63
2.81
1.85
3.79
1.67
Interest
8.62
9.1
7.17
10.28
10.6
12.37
10.71
10.8
4.36
5.9
4.75
5.18
3.47
Depreciation
3.89
3.91
3.88
3.9
4.07
4.21
4.01
3.96
4.08
4.36
4.31
4.41
4.81
PBT
5.2
6.1
6.16
2.6
-6.35
-3.6
3.38
-0.75
9.65
9.51
3.95
4.74
-3.85
Tax %
0%
0%
-549.84%
25%
0%
0%
-5.33%
0%
0%
0%
-7.85%
-8.86%
17.14%
Net Profit
5.2
6.1
40.03
1.95
-6.35
-3.6
3.56
-0.75
9.65
9.51
4.26
5.16
-4.51
EPS (₹)
0.08
0.09
0.6
0.03
-0.1
-0.05
0.05
-0.01
0.15
0.14
0.06
0.08
-0.07
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
332
267
262
240
441
295
93
163
418
697
724
886
880
Expenses
341
280
277
251
477
366
113
182
401
641
693
839
838
Operating Profit
-9
-13
-15
-11
-36
-71
-20
-18
17
56
31
47
41
OPM %
-2.8%
-4.8%
-6%
-4.5%
-8%
-24%
-21%
-11%
4%
8%
4.3%
5%
4.7%
Other Income
34
5
9
10
32
15
138
19
15
22
25
18
10
Interest
50
46
45
47
9
15
11
19
30
33
44
26
19
Depreciation
12
7
7
7
7
10
14
14
15
15
16
17
18
PBT
-37
-60
-58
-55
-20
-81
93
-32
-14
29
-4
22
14
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
14
EPS (₹)
-2.7
-4.43
-4.31
-4.02
-0.46
-1.33
1.41
-0.49
-0.21
0.94
-0.06
0.34
0.21
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital
65
65
65
65
208
293
318
318
318
318
398
398
398
Reserves
-264
-304
-510
-391
-420
-398
-279
-274
-289
-225
37
59
60
Borrowings
416
418
607
800
410
374
172
241
233
260
21
35
0
Other Liabilities
77
68
50
107
214
60
89
88
214
235
273
379
326
Total Liabilities
293
246
212
582
412
329
300
372
477
587
728
871
784
Fixed Assets
123
118
110
105
100
219
224
212
207
198
195
200
255
CWIP
1
0
0
7
85
12
5
6
1
5
2
51
9
Investments
0
0
0
67
0
0
0
0
0
0
24
144
27
Other Assets
169
129
101
402
227
99
71
154
268
384
506
476
493
Total Assets
293
246
212
582
412
329
300
372
477
587
728
871
784
Figures in ₹ Crores

Cash Flow

Particulars 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/EBITDA
166
-196
-117
48
6
38
-210
450
291
14
189
274
Figures in ₹ Crores

Ratios

Particulars 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%

Insights

Beta

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

Log in to view Welspun Specialty Solution insights

44 extracted metrics + investor summaries across FY15–FY27.

Shareholding Pattern

FIIs1.39%Promot.55.17%Others4.61%Public38.83%As ofSep 2026

Documents

Frequently Asked Questions about Welspun Specialty Solution

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 (WELSPLSOL) listed?
Welspun Specialty Solutions Ltd trades as WELSPLSOL on the NSE and under code 500365 on the BSE.
Which sector does Welspun Specialty Solutions Ltd belong to?
Welspun Specialty Solutions Ltd is classified under the Industrial Products sector, in the Iron & Steel Products industry.
What is the market capitalisation of Welspun Specialty Solutions Ltd?
Welspun Specialty Solutions Ltd has a market capitalisation of ₹2,767 Cr as of 29 Oct 2026, which places it in the Small Cap band.
What is the PE ratio of Welspun Specialty Solutions Ltd?
Welspun Specialty Solutions Ltd trades at a PE ratio of 198.86 as of 29 Oct 2026, on earnings per share of ₹0.21, against a book value of ₹6.9 per share.
What is the 52-week high and low of Welspun Specialty Solutions Ltd?
Over the last 52 weeks Welspun Specialty Solutions Ltd has traded between ₹31 and ₹63.25 as of 29 Oct 2026.
What is the Return on Equity (ROE) of Welspun Specialty Solutions Ltd?
Welspun Specialty Solutions Ltd reported a return on equity of 4.97%. Its debt-to-equity ratio is 0.08.

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 welspunspecialty.com
Listed 1998-02-04
Face Value ₹ 6
Shares Outstanding 66,26,11,445

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