Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Welspun Corp Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 4,070 | 4,069 | 4,059 | 4,750 | 4,461 | 3,137 | 3,302 | 3,614 | 3,925 | 3,551 | 4,374 | 4,532 | 4,313 |
| Expenses + | 3,650 | 3,712 | 3,660 | 4,287 | 4,131 | 2,763 | 2,902 | 3,179 | 3,465 | 3,026 | 3,783 | 3,917 | 3,809 |
| Operating Profit | 421 | 357 | 400 | 463 | 330 | 374 | 400 | 434 | 460 | 525 | 591 | 616 | 504 |
| OPM % | 10% | 9% | 10% | 10% | 7% | 12% | 12% | 12% | 12% | 15% | 14% | 14% | 12% |
| Other Income + | 91 | 50 | 227 | 62 | 178 | 83 | 125 | 487 | 570 | 84 | 131 | 120 | 142 |
| Interest | 95 | 92 | 75 | 62 | 75 | 66 | 83 | 82 | 88 | 63 | 49 | 51 | 49 |
| Depreciation | 91 | 86 | 86 | 90 | 87 | 85 | 89 | 90 | 87 | 85 | 84 | 93 | 93 |
| Profit before tax | 325 | 228 | 466 | 373 | 347 | 305 | 352 | 749 | 855 | 461 | 588 | 593 | 504 |
| Tax % | 26% | 26% | 17% | 21% | 17% | 19% | 20% | 10% | 18% | 24% | 25% | 23% | 26% |
| Net Profit + | 240 | 168 | 387 | 294 | 287 | 248 | 283 | 672 | 699 | 349 | 444 | 456 | 371 |
| EPS in Rs | 9.02 | 6.32 | 14.70 | 11.15 | 10.24 | 9.46 | 10.94 | 25.72 | 26.62 | 13.31 | 16.68 | 17.16 | 14.04 |
Financials of Welspun Corp Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 8,450 | 7,236 | 5,899 | 6,347 | 8,953 | 9,957 | 7,153 | 6,505 | 9,758 | 17,340 | 13,978 | 16,770 |
| Expenses + | 7,595 | 6,449 | 5,380 | 5,874 | 8,310 | 8,756 | 6,357 | 6,032 | 9,264 | 15,778 | 12,293 | 14,534 |
| Operating Profit | 855 | 787 | 519 | 473 | 644 | 1,201 | 795 | 473 | 494 | 1,561 | 1,684 | 2,236 |
| OPM % | 10% | 11% | 9% | 7% | 7% | 12% | 11% | 7% | 5% | 9% | 12% | 13% |
| Other Income + | 96 | 99 | 139 | 128 | -106 | 243 | 618 | 544 | 386 | 504 | 1,248 | 478 |
| Interest | 283 | 241 | 236 | 170 | 177 | 144 | 85 | 102 | 243 | 304 | 320 | 212 |
| Depreciation | 436 | 386 | 386 | 258 | 260 | 233 | 246 | 255 | 303 | 348 | 351 | 355 |
| Profit before tax | 231 | 258 | 36 | 173 | 101 | 1,067 | 1,082 | 661 | 334 | 1,413 | 2,262 | 2,147 |
| Tax % | 8% | 31% | 72% | 12% | 122% | 39% | 24% | 33% | 40% | 20% | 16% | 25% |
| Net Profit + | 214 | 179 | 10 | 153 | -22 | 654 | 827 | 444 | 199 | 1,136 | 1,902 | 1,620 |
| EPS in Rs | 2.62 | 5.72 | 1.00 | 5.97 | -0.50 | 24.36 | 29.42 | 16.82 | 7.90 | 42.44 | 72.73 | 61.15 |
| Dividend Payout % | 19% | 9% | 50% | 8% | -100% | 43% | 17% | 30% | 63% | 12% | 7% | 8% |
Financials of Welspun Corp Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 132 | 133 | 133 | 133 | 133 | 130 | 130 | 130 | 131 | 131 | 131 | 132 |
| Reserves | 2,667 | 2,666 | 2,677 | 2,721 | 2,665 | 3,085 | 3,952 | 4,298 | 4,582 | 5,467 | 7,313 | 9,024 |
| Borrowings + | 3,021 | 2,644 | 1,843 | 1,386 | 1,305 | 1,061 | 1,021 | 2,057 | 3,381 | 1,967 | 1,122 | 2,355 |
| Other Liabilities + | 3,998 | 3,195 | 3,595 | 3,452 | 4,097 | 3,667 | 2,588 | 2,684 | 7,180 | 4,249 | 6,635 | 8,923 |
| Total Liabilities | 9,818 | 8,637 | 8,247 | 7,693 | 8,200 | 7,943 | 7,692 | 9,169 | 15,274 | 11,813 | 15,201 | 20,434 |
| Fixed Assets + | 4,662 | 3,730 | 3,356 | 3,046 | 1,567 | 1,617 | 2,599 | 2,433 | 4,910 | 4,800 | 4,707 | 6,545 |
| CWIP | 80 | 34 | 32 | 17 | 47 | 83 | 147 | 1,261 | 87 | 87 | 787 | 1,233 |
| Investments | 805 | 1,017 | 725 | 488 | 476 | 784 | 1,713 | 2,307 | 1,537 | 1,100 | 1,402 | 1,864 |
| Other Assets + | 4,271 | 3,855 | 4,134 | 4,143 | 6,110 | 5,460 | 3,233 | 3,168 | 8,740 | 5,827 | 8,306 | 10,793 |
| Total Assets | 9,818 | 8,637 | 8,247 | 7,693 | 8,200 | 7,943 | 7,692 | 9,169 | 15,274 | 11,813 | 15,201 | 20,434 |
Financials of Welspun Corp Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 901 | 354 | 403 | 981 | 623 | 648 | 774 | 218 | -185 | 1,306 | 1,504 | 3,204 |
| Cash from Investing Activity + | 338 | -326 | 618 | 184 | -255 | -49 | -848 | -201 | -348 | 373 | 194 | -3,723 |
| Cash from Financing Activity + | -1,106 | -99 | -979 | -761 | -335 | -743 | -198 | 453 | 909 | -1,877 | -1,369 | 875 |
| Net Cash Flow | 133 | -71 | 42 | 405 | 33 | -144 | -271 | 470 | 376 | -198 | 328 | 357 |
| Free Cash Flow | 812 | 122 | 322 | 933 | 565 | 474 | 518 | -757 | -1,235 | 1,022 | 690 | 715 |
| CFO/OP | 108% | 60% | 69% | 200% | 110% | 77% | 118% | 78% | -13% | 96% | 109% | 157% |
Financials of Welspun Corp Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 49 | 71 | 91 | 76 | 48 | 42 | 34 | 46 | 43 | 38 | 46 | 37 |
| Inventory Days | 138 | 107 | 159 | 125 | 129 | 127 | 93 | 78 | 290 | 70 | 173 | 166 |
| Days Payable | 154 | 132 | 198 | 177 | 92 | 81 | 55 | 75 | 131 | 68 | 133 | 118 |
| Cash Conversion Cycle | 33 | 45 | 52 | 24 | 86 | 88 | 72 | 48 | 201 | 40 | 87 | 85 |
| Working Capital Days | 18 | 5 | 33 | 22 | 49 | 39 | 36 | -47 | -26 | 12 | 8 | -5 |
| ROCE % | 8% | 8% | 5% | 7% | 12% | 30% | 20% | 13% | 6% | 20% | 21% | 23% |