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HomeSTOCKS₹534 Share Got 2,039 Crore Pipeline Order For India And US; Share...

₹534 Share Got 2,039 Crore Pipeline Order For India And US; Share Will Double?

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Welspun Corp Ltd (NSE: WELCORP): The shares of Welspun Corp have risen due to news that it has received orders in India and America worth Rs 2039 Crore. 

This stock rose to Rs 544.50 due to heavy purchases. It opened in the morning at Rs 526.40. It closed at Rs 534. This is a 1.88 percent increase.

Welspun Corp has announced that it won an order for line pipes worth Rs 2039 crore in both India and the US. 

The company stated in a filing to the stock exchange that the new orders confirm the sustainability of their business until Q2FY2025 and also reaffirms its dominant position in the US onshore gas transportation sector.

The Order Is Expected To Be Completed By 2025

One of the orders that the company received from India was for offshore suppliers in America. 

This order is a confirmation of the trust of the customer in us, in the challenging Gulf of Mexico. These orders will most likely be completed by the end of 2025.

Last month, the company announced that it would focus on Syntax’s growth. The company was purchased in 2023. 

Plastic water tank manufacturers were aiming for a multifold increase in growth over the next four to five years. 

Percy Birdie, Welspun’s Chief Financial Officer, said that the company is on track to surpass its FY2024 revenue guide of around Rs 15,000 crore as well as EBITDA of approximately Rs 1500 crore.

What The Company Does

Welspun Corp produces steel tubes, bars, and pipes. In Saudi Arabia in January, East Pipes Integrated Company for Industry received a Rs 3000 crore order from its subsidiary. 

It also won an order for Rs 2200 crore to manufacture and provide steel pipes from Saline Water Conversion Corporation.

Welspun Corp announced in a filing to the stock exchange that it will complete the order in 39 months. 

The company will feel the financial impact from the first quarter of fiscal year 2020 until the second quarter of fiscal year 2027.

About Welspun Corp Ltd Company

Welspun Corp Limited is a manufacturer of steel and plastic products. It is the world’s largest manufacturer of large-diameter pipe. 

The company produces BIS-certified Steel Billets (Thermomechanically Treated), Ductile Iron Pipes (DI), welded line pipes, Stainless Steel Pipes, and Tubes & Bars. 

The company’s product line includes alloys, stainless steel, carbon steel pipes, water tanks, and ductile Iron. 

Technology is used to enhance the capabilities of the company, which offers comprehensive pipe solutions and ancillary products. 

The total operating revenue of the company is Rs 6916.67 Crores, and its equity capital is Rs 130.77 Crores.

Fundamental Analysis of Welspun Corp Ltd

Market Cap₹ 14,019 Cr.
Current Price₹ 534
52-wk High₹ 623.90
52-wk Low₹ 186
Stock P/E13.02
Book Value₹ 193
Dividend0.93 %
ROCE6.42 %
ROE3.21 %
Face Value₹ 5.00
P/B Value2.78
OPM9.68 %
EPS₹ 41.2
Debt₹ 1,989 Cr.
Debt to Equity0.39

Welspun Corp Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹550₹585
2025₹600₹648
2026₹650₹730
2027₹750₹805
2028₹810₹835
2029₹840₹860
2030₹900₹1100
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Welspun Corp Ltd Shareholding Pattern

Promoters Holding
Dec 202249.90%
Mar 202349.99%
June 202349.99%
Sept 202349.96%
Dec 202349.96%
FII Holding
Dec 20227.96%
Mar 20237.27%
June 20237.78%
Sept 20239.42%
Dec 202310.56%
DII Holding
Dec 202211.04%
Mar 202311.43%
June 202310.96%
Sept 202311.53%
Dec 202311.23%
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Govt. Holding
Dec 20220.01%
Mar 20230.01%
June 20230.01%
Sept 20230.02%
Dec 20230.00%
Public Holding
Dec 202231.10%
Mar 202331.29%
June 202331.28%
Sept 202329.05%
Dec 202328.22%
Others Holding
Dec 20220.00%
Mar 20230.00%
June 20230.00%
Sept 20230.03%
Dec 20230.03%
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Welspun Corp Ltd Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 8,953 Cr
2020₹ 9,957 Cr
2021₹ 7,153 Cr
2022₹ 6,505 Cr
2023₹ 16,949 Cr

Last 5 Years’ Net Profit:

2019₹ -22 Cr
2020₹ 654 Cr
2021₹ 827 Cr
2022₹ 444 Cr
2023₹ 1,089 Cr

Last 5 Years’ Debt-To-Equity Ratio:

20190.45
20200.24
20210.22
20220.37
20230.7

Last 10 Years’ Profit Growth:

10 Years:11%
5 Years:0%
3 Years:-39%
Current Year:434%

Last 10 years’ Return on Equity (ROE):

10 Years:7%
5 Years:10%
3 Years:10%
Last Year:3%

Sales Growth Over 10 Years:

10 Years:1%
5 Years:9%
3 Years:-1%
Current Year:120%

Conclusion

This article is a complete guide about Welspun Corp Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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