A leading manufacturer of steel pipes known for global infrastructure solutions has secured a major export order for coated LSAW line pipes and bends. Recent contract wins worth Rs. 1,950 crore have boosted its consolidated order book, signalling robust demand and strategic expansion in international markets.
Welspun Corp Limited’s stock, with a market capitalisation of Rs. 20,170 crores, rose to Rs. 767.50 during intraday trading, up 1.18 percent from its previous closing price of Rs. 758.50. Furthermore, the stock over the past year has given a return of 36 percent.
Order Details
Welspun Corp has secured an export order for the supply of coated LSAW line pipes and bends from various domestic players. The company received additional orders cumulatively worth approximately Rs 1,950 crore since its February 5, 2025, announcement. These orders have elevated the company’s consolidated global order book to around Rs 19,300 crore, with execution scheduled for FY26 and FY27.
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Order Book Growth
The total order book grew by 28.7 percent, rising from Rs. 15,000 crore in Q3 to Rs. 19,300 crore by May 7. The Pipes segment drove this growth, adding Rs. 1,950 crore. While DI Pipes and SS Bars & Pipes also contributed to the overall growth, Line Pipes remained the largest contributor, making up nearly 73 percent of the total order book. This sharp rise reflects strong demand and expanded project commitments in the latter half of FY25.
Financial Highlight
In Q3FY25, the company reported revenue of Rs. 3,614 crore, down 23.9 percent YoY from Rs. 4,750 crore but up 9.4 percent QoQ from Rs. 3,302 crore. Net profit surged to Rs. 672 crore, marking a 128.6 percent YoY increase from Rs. 294 crore and a 137.4 percent QoQ jump from Rs. 283 crore, reflecting strong operational performance despite the revenue decline.
The stock is currently trading at a price-to-earnings (P/E) ratio of 13.6, which is lower than the industry average of 16.9, suggesting it may be undervalued compared to its peers. Additionally, it has a relatively low debt-to-equity ratio of 0.37, indicating a conservative use of debt in its capital structure.
Written By Fazal Ul Vahab C H
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