Welspun Past Earnings Performance
Past criteria checks 3/6
Welspun has been growing earnings at an average annual rate of 37.9%, while the Metals and Mining industry saw earnings growing at 15.7% annually. Revenues have been growing at an average rate of 21.7% per year. Welspun's return on equity is 24.7%, and it has net margins of 13.3%.
Key information
37.95%
Earnings growth rate
37.77%
EPS growth rate
| Metals and Mining Industry Growth | 25.90% |
| Revenue growth rate | 21.74% |
| Return on equity | 24.66% |
| Net Margin | 13.35% |
| Last Earnings Update | 30 Jun 2026 |
Recent past performance updates
Recent updates
Narrative Update • Sep 17
532144: Record Order Pipeline Will Likely Fail To Justify Elevated Pricing
Analysts have nudged their fair value price target for Welspun higher from ₹1,794 to ₹1,930, reflecting updated assumptions on revenue growth, profit margins and the future P/E profile under a slightly lower discount rate. What’s in the News for Welspun Welspun Corp announced the largest single order in its history, valued at approximately US$1,800 million (₹17,200 million), for pipe supply from its United States facility, with execution scheduled between FY 2028 and FY 2029.
Narrative Update • Sep 03
532144: Record Order Book And New Ventures Will Support Future Earnings Visibility
Analysts have lifted their price target for Welspun to ₹2,575 from ₹1,956. This reflects updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E.Narrative Update • Aug 17
532144: Record Order Book And FY27 Guidance Will Support Balanced Earnings Visibility
The analyst price target for Welspun has been revised from ₹1,608 to ₹1,957, with analysts citing updated assumptions for revenue growth, profit margin, discount rate, and future P/E to support the change. What’s in the News for Welspun Welspun Corp.Narrative Update • Aug 03
532144: Record Order Book And Margin Assumptions Will Support Balanced Medium Term Outlook
Analysts have lifted their price target for Welspun from ₹1,458 to ₹1,794, citing updated assumptions that include a revised P/E multiple, as well as tweaks to revenue growth, profit margin and discount rate inputs in their valuation models. What’s in the News for Welspun Welspun Corp.Narrative Update • Jul 20
532144: Order Book And FY27 Guidance Will Support Measured Earnings Visibility
Analysts have raised their price target on Welspun from ₹1,536.67 to ₹1,608.33, citing updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E as the basis for the change. What’s in the News for Welspun Welspun Corp has scheduled a board meeting on May 21, 2026, to review standalone and consolidated audited financial results for the quarter and year ended March 31, 2026; consider a final dividend on equity shares; evaluate the sale of its equity stake in Clean Max Dhyuthi Private Limited; and review completion of earlier announced expansion and capability enhancement projects.
Narrative Update • Jul 06
532144: Expanding Global Order Book Will Support Stronger Future Earnings
The analyst fair value estimate for Welspun has been reset from ₹1,160 to ₹1,610, with analysts pointing to updated assumptions on the discount rate, revenue growth, profit margin and future P/E as the key drivers of this change. What’s in the News for Welspun Welspun Corp.Narrative Update • Jun 22
532144: Global Order Book And FY27 Guidance Will Shape Earnings Visibility
Welspun's analyst price target has been revised from ₹1,209.50 to ₹1,536.67, with analysts citing updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E as the basis for this change. What's in the News Welspun Corp issued earnings guidance for fiscal 2027, indicating expected revenue of ₹200b.Narrative Update • Jun 06
532144: Order Book Visibility And Renewable Moves Will Support Balanced Medium Term Outlook
Analysts have lifted their price target on Welspun from ₹1,082 to ₹1,458, citing updated assumptions around revenue growth, profit margins and future P/E multiples, together with a slightly higher discount rate. What's in the News Welspun Corp announced a large LSAW pipe order from its US facility valued at approximately ₹7,000 million, taking the consolidated global order book to about ₹253,500 million (around US$2.6b).Narrative Update • May 21
532144: Large Order Book And New Subsidiary Will Mask Overvaluation
Analysts have kept Welspun's price target steady at ₹1,082, citing updated assumptions that include minor adjustments to the discount rate, revenue growth, profit margin and future P/E. These adjustments together support the unchanged fair value view.Narrative Update • Apr 27
532144: Global Order Book And Renewable Power Shift Will Shape Earnings Visibility
Analysts have revised their fair value estimate for Welspun from ₹1,113.25 to ₹1,209.50, citing updated assumptions related to the discount rate, revenue growth, profit margin and future P/E. What's in the News Welspun Corp.Narrative Update • Apr 13
532144: Global Order Book Will Support Future Upside
Analysts have raised their price target on Welspun from ₹1,043 to ₹1,082, citing changes to key assumptions, including a higher discount rate, a revised revenue growth outlook, and updated expectations for profit margins and future P/E. What's in the News Welspun Corp.Narrative Update • Mar 29
532144: Export Order Pipeline And New Global Subsidiary Will Support Future Upside
Analysts have raised their price target on Welspun from ₹892 to ₹1,043, citing updated assumptions that include a revised discount rate, revenue growth, profit margin, and future P/E inputs. What's in the News Board meeting on Mar 19, 2026 to consider acquiring a stake in Welspun Corporate Services Limited and modifying arrangements for 42 MW of renewable energy supply (company filing).Narrative Update • Mar 13
532144: Global Order Book And New Dubai Hub Will Support Bullish Outlook
Analysts have kept Welspun's fair value estimate steady at ₹1,160, with only small model tweaks to discount rate, revenue growth and profit margin assumptions guiding this unchanged price target. What's in the News Welspun Corp has incorporated a wholly owned subsidiary, Welspun International FZCO, in the Dubai Multi Commodities Centre in the UAE to handle global marketing for all products and to conduct trading in products and raw materials related to the parent and its subsidiaries (Key Developments).Narrative Update • Feb 05
532144: Large Export Order Book Will Support Bullish Outlook For Coming Years
Analysts have nudged their fair value estimate for Welspun down from ₹1,189 to ₹1,160, citing updated assumptions around the discount rate, revenue growth, profit margins, and future P/E expectations. What's in the News Welspun Corp has scheduled a board meeting on January 30, 2026 to consider and approve standalone and consolidated unaudited financial results for the quarter and nine months ended December 31, 2025 (Key Developments).Narrative Update • Dec 05
532144: US And Middle East Orders Will Drive Long Term Earnings Visibility
Analysts have modestly raised their price target on Welspun, citing a slightly higher assumed discount rate and future valuation multiple while keeping fair value broadly unchanged at ₹1,113.25 per share. What's in the News The Board approved the incorporation of two wholly owned subsidiaries in the United Arab Emirates: one as a global investment holding company at Dubai International Financial Centre and another to handle international marketing and trading activities, both subject to local regulatory approvals (Board meeting, Oct 30, 2025).Narrative Update • Nov 21
532144: Major US Orders Will Drive Record Global Order Book Expansion
Analysts have raised their price target for Welspun slightly from ₹1,110.25 to ₹1,113.25. They cite marginal improvements in future estimates and a lower discount rate as the reasons for this adjustment.Narrative Update • Nov 06
532144: Major US Orders And Middle East Exports Will Drive Global Book Expansion
Analysts have raised Welspun's fair value estimate from ₹1,087 to ₹1,110.25, reflecting updated views on key growth and profitability assumptions. What's in the News The board approved the incorporation of two wholly owned subsidiaries in the United Arab Emirates, intended as investment holding and global marketing entities, subject to regulatory approvals (Board Meeting).
New Narrative • Feb 09
Expansions And New Products Will Create Future Opportunities In Saudi Arabia, Europe, And Australia
Expansion into new markets and infrastructure projects is expected to drive significant revenue growth and improved margins for Welspun Corp.Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Welspun makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Jun 26 | 172,998 | 23,091 | 13,731 | 0 |
| 31 Mar 26 | 167,701 | 16,131 | 13,446 | 0 |
| 31 Dec 25 | 163,826 | 19,410 | 12,615 | 0 |
| 30 Sep 25 | 154,636 | 21,631 | 11,865 | 0 |
| 30 Jun 25 | 143,918 | 20,104 | 11,378 | 0 |
| 31 Mar 25 | 139,775 | 19,081 | 10,726 | 0 |
| 31 Dec 24 | 145,137 | 14,783 | 10,246 | 0 |
| 30 Sep 24 | 156,499 | 10,955 | 10,195 | 0 |
| 30 Jun 24 | 164,076 | 11,932 | 9,437 | 0 |
| 31 Mar 24 | 173,396 | 11,104 | 9,928 | 0 |
| 31 Dec 23 | 169,486 | 10,779 | 9,143 | 0 |
| 30 Sep 23 | 146,012 | 8,092 | 8,202 | 0 |
| 30 Jun 23 | 125,056 | 3,680 | 6,726 | 0 |
| 31 Mar 23 | 97,581 | 2,067 | 5,623 | 0 |
| 31 Dec 22 | 76,990 | 2,069 | 4,558 | 0 |
| 30 Sep 22 | 67,385 | 2,295 | 3,880 | 0 |
| 30 Jun 22 | 63,168 | 3,487 | 3,655 | 0 |
| 31 Mar 22 | 65,051 | 4,388 | 3,909 | 0 |
| 31 Dec 21 | 55,143 | 4,703 | 3,779 | 0 |
| 30 Sep 21 | 55,840 | 6,022 | 4,102 | 0 |
| 30 Jun 21 | 53,748 | 6,695 | 4,157 | 0 |
| 31 Mar 21 | 71,526 | 7,786 | 4,670 | 0 |
| 31 Dec 20 | 71,572 | 5,454 | 4,846 | 0 |
| 30 Sep 20 | 86,912 | 5,846 | 5,316 | 0 |
| 30 Jun 20 | 97,706 | 6,057 | 5,759 | 0 |
| 31 Mar 20 | 98,078 | 6,735 | 6,527 | 0 |
| 31 Dec 19 | 98,086 | 4,082 | 6,723 | 0 |
| 30 Sep 19 | 92,626 | 2,311 | 6,657 | 0 |
| 30 Jun 19 | 91,380 | 1,411 | 6,486 | 0 |
| 31 Mar 19 | 87,255 | 682 | 6,047 | 0 |
| 31 Dec 18 | 84,221 | 1,309 | 5,441 | 0 |
| 30 Sep 18 | 81,231 | 1,673 | 5,028 | 0 |
| 30 Jun 18 | 77,552 | 1,503 | 4,686 | 0 |
| 31 Mar 18 | 61,812 | 1,810 | 4,403 | 0 |
| 31 Dec 17 | 76,500 | 2,362 | 4,644 | 0 |
| 30 Sep 17 | 65,070 | 1,659 | 4,532 | 0 |
| 30 Jun 17 | 56,407 | 905 | 4,162 | 0 |
| 31 Mar 17 | 56,867 | 264 | 4,536 | 0 |
| 31 Dec 16 | 68,579 | 399 | 6,180 | 0 |
| 30 Sep 16 | 73,474 | 969 | 6,554 | 0 |
| 30 Jun 16 | 82,761 | 2,187 | 6,488 | 0 |
| 31 Mar 16 | 70,623 | 1,518 | 5,929 | 0 |
| 31 Dec 15 | 88,110 | 3,482 | 9,482 | 0 |
| 30 Sep 15 | 90,486 | 2,788 | 9,311 | 0 |
Quality Earnings: 532144 has a large one-off gain of ₹5.7B impacting its last 12 months of financial results to 30th June, 2026.
Growing Profit Margin: 532144's current net profit margins (13.3%) are lower than last year (14%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 532144's earnings have grown significantly by 37.9% per year over the past 5 years.
Accelerating Growth: 532144's earnings growth over the past year (14.9%) is below its 5-year average (37.9% per year).
Earnings vs Industry: 532144 earnings growth over the past year (14.9%) exceeded the Metals and Mining industry 14.6%.
Return on Equity
High ROE: 532144's Return on Equity (24.7%) is considered high.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/19 20:56 |
| End of Day Share Price | 2026/09/18 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2026/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Welspun Corp Limited is covered by 22 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Sailesh Raja | 360 ONE Capital Market Private Limited |
| null null | 360 ONE Capital Market Private Limited |
| Sanjaya Satapathy | BofA Global Research |