Iron and steel products maker Welspun Corp shares surged 4% during Tuesday's trading session, reaching a new high of ₹1,687.90 on the BSE despite the broader market weakness. According to Business Standard, the stock hit this milestone after the company announced receipt of a significant new order. The positive market response comes as the BSE Sensex was down 0.56% at 77,186.50 at 10:10 AM on Tuesday. This latest surge has extended the stock's remarkable 129% gains over the past six months, significantly outperforming the BSE Sensex's 7.4% decline during the same period. The stock has also bounced back 138% from its 52-week low of ₹710 on February 2, 2026.
The company announced receipt of a ₹1,400 crore supply order for oil and gas export projects, as reported by Business Standard. The order involves supplying pipes for certain oil and gas export projects in the United States from Welspun's facility in India. This represents a substantial addition to the company's order book and demonstrates strong demand for the company's manufacturing capabilities in the oil and gas sector. The latest order win has strengthened the company's consolidated global order book to around ₹23,650 crore (approximately US$2.5 billion), providing strong revenue visibility and ensuring operational continuity across its manufacturing facilities in India and the United States. The order is scheduled for execution over FY27 and FY28, positioning the company for sustained growth momentum over the next two fiscal years.
With the latest order addition, Welspun Corp's consolidated global order book value has risen to ₹23,650 crore or approximately $2.5 billion, as disclosed in the latest reports. The company achieved a historical high consolidated global order book of ₹25,350 crore (versus ₹19,550 crore in FY25), as reported by Business Standard. The expanded order book is expected to contribute to sustained revenue generation while reinforcing the company's presence in the global oil and gas pipeline segment. The order book provides strong revenue visibility and reinforces the company's position for sustained growth momentum over the next two fiscal years, with execution scheduled over financial years 2027-28.
According to Business Standard, Welspun Corp is one of the largest manufacturers of large-diameter pipes globally and has established a global footprint across six continents and fifty countries by delivering key customised solutions for both onshore and offshore applications. The company's US facility remains substantially booked until FY28, supported by strong demand across oil and gas infrastructure, liquefied natural gas (LNG) expansion projects, hydrogen transportation opportunities, and rapidly increasing energy requirements of AI-led data centres. In the Kingdom of Saudi Arabia, its associate EPIC and upcoming greenfield LSAW (Longitudinal Submerged Arc Welded) and Ductile Iron (DI) pipe facilities will provide a platform to participate in large-scale desalination, water transmission and energy infrastructure projects. The company's Little Rock facility remains booked until FY28, with India business expected to see improved order book inflow and growth traction probably from H2FY27.
According to the latest financial data, Welspun Corp reported total income of ₹4,348.17 crore for the year ending March 2026, representing a -4.69% decline from the previous year. The company's profit after tax stood at ₹370.36 crore, showing a -18.17% decrease compared to the previous fiscal year. EBIT margin was recorded at 10.27% for FY26, while the company maintained a net profit margin of 8.52%. In Q4 FY26, the company reported a 46.96% fall in consolidated net profit to ₹370.36 crore despite a 9.87% increase in revenue to ₹4,312.56 crore compared with Q4 FY25. The company's market capitalization stands at ₹42,731.45 crore with a PE ratio of 26.49 and PB ratio of 4.54.
All eight analysts who have coverage on Welspun Corp have a 'buy' rating on the stock, reflecting strong analyst confidence in the company's prospects. According to Dipan Mehta of Elixir Equities, speaking to CNBC-TV18 on July 6, there's a good story around this pipe company considering the investment taking place in oil and gas due to the risk factor opened up by the closure of the Strait of Hormuz. The analyst highlighted that the prospects are good for the company and despite its low profile, it continues to deliver revenue and profitability. Within India, the company wants to expand its oil and gas transportation through pipes infrastructure, with the company being reasonably well-managed and offering very attractive valuations. As per analysts at Equirus Securities, the medium to long term business outlook for the company continues to remain positive across all its businesses, supported by strong focus on O&G, energy security and transition initiatives, infrastructure investments, reconstruction opportunities and sustained government focus on manufacturing and water security.
