Welspun Enterprises Limited
NSE: WELENTCivil Construction
Share price
₹732.35
-1.13% close of 8 Oct 2026
Business score
How strong the business is, in one number. The parts behind it are in Pro.
48
out of 100 · worked out 8 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹9,960 Cr
P/E ratio
28.1
P/B ratio
3.3
ROCE
16.7%
ROE
13.6%
Dividend yield
0.4%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Our sales figures for this company step up at Mar 2017 and we hold nothing that says why, so we cannot honestly quote a growth rate across it.
Whether it grew faster than its sector
Our sales figures for this company step up at Mar 2017 and we hold nothing that says why, so there is no honest growth rate of its own to set against its sector.
Room to re-rate, or risk of de-rating
At 28.1× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 28.3×, across 5 companies. It is against its own five-year median of 16.8×, the 98th percentile of its own range.
Whether growth justifies the valuation
Priced at 2.3 times its growth rate, on earnings growth of 12%.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| Welspun Enterprises Limited — this one | 12%/yr | 28.1× | ₹2.3 |
| Larsen & Toubro | 17%/yr | 28.3× | ₹1.7 |
| Rail Vikas Nigam Limited | -13%/yr | 43.4× | — |
| Kalpataru Projects International Limited | 36%/yr | 21.4× | ₹0.60 |
| IRB Infrastructure Developers Limited | 8%/yr | 21.6× | ₹2.7 |
| NBCC (India) Limited | 13%/yr | 29.2× | ₹2.2 |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies the exchange files under the same label (Civil Construction), it ranks 32 of 89 on returns, 21 of 84 on growth, 16 of 90 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
A narrow advantage: it earns 16.7% on capital, ahead of 64% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
Whether its growth pays for itself
No — Over the last five years it made ₹127 crore of cash from the business but spent ₹697 crore on plant and equipment, ₹570 crore more than it made; the gap was from shareholders — borrowings did not rise. And the profit is not backed by cash: it reported a profit over 12 years and consumed cash from the business. Its cash comes back more slowly than it used to: it went from being paid 80 days before it paid its own suppliers to waiting 24 days for its cash.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
8 of 9 checks clear · 89%
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Revenue fell 8% and profit 44%, blamed on a Mumbai debris-transport ban, elections and supply disruption
Announced 4 Aug 2026 · Consolidated · Unaudited
Revenue
₹774 Cr
Revenue vs last year
-8.4%
Revenue vs last quarter
-35.5%
Net profit
₹56 Cr
Profit vs last year
-44.2%
Profit vs last quarter
-65.4%
Net margin
7.3%
EPS
₹3.43
Earnings call transcript · 5 Aug 2026
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹9,960 Cr
- Prev close
- ₹732.35
- 52w High
- ₹842
- 52w Low
- ₹412
- Enterprise value
- ₹10,226 Cr
- Beta
- 1.2
- Price CAGR 1y
- 41.0%
- Price CAGR 3y
- 39.0%
- Price CAGR 5y
- 48.0%
- Price CAGR 10y
- 27.0%
Ratios
- Return on assets
- 5.4%
- PEG ratio
- 2.4
- P/E ratio
- 28.1
- P/B ratio
- 3.3
- EV / EBITDA
- 14.3
- Industry P/E
- 15.6
- ROCE
- 16.7%
- ROCE 5y average
- 13.6%
- ROE
- 13.6%
- Debt / Equity
- 0.7
- Interest coverage
- 3.7
- Dividend yield
- 0.4%
- ROE 3y average
- 13.0%
- ROE last year
- 14.0%
Annual P&L
- Annual revenue
- ₹3,615 Cr
- Annual profit
- ₹393 Cr
- Operating margin
- 21.0%
- Net profit margin
- 10.9%
- EBITDA margin
- 20.6%
- Sales growth 3y
- 9.4%
- Sales growth 5y
- 18.8%
- Profit growth 3y
- 12.0%
- Profit growth 5y
- 24.0%
- EPS
- ₹25.3
- Sales growth TTM
- -2.0%
- Profit growth TTM
- 2.0%
- Dividend payout
- 12.0%
Quarter P&L
- Sales latest quarter
- ₹774 Cr
- Profit latest quarter
- ₹56 Cr
- YoY quarterly sales growth
- -8.4%
- YoY quarterly profit growth
- -44.6%
- OPM latest quarter
- 19.4%
Balance Sheet
- Book Value
- ₹224
- Face Value
- ₹10.0
- Total debt
- ₹1,987 Cr
- Total cash
- ₹338 Cr
- Borrowings
- ₹1,987 Cr
- Reserves / Equity
- 21.4
Cash Flow
- Operating cash flow
- ₹112 Cr
- Free cash flow
- ₹79 Cr
- FCF yield
- -1.2%
- Net cash flow
- -₹338 Cr
Shareholding
- Promoter holding
- 56.1%
- FII holding
- 3.9%
- DII holding
- 9.3%
- Public holding
- 28.7%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| Larsen & Toubro | 3,618.40 | 28.2 | 4,97,854 | 1.04 | 4,988.0 | 14.0 | 67,941.7 | 6.7 | 14.6 |
| Rail Vikas | 187.80 | 43.5 | 39,157 | 0.87 | 159.5 | 18.5 | 4,321.2 | 10.6 | 10.8 |
| Kalpataru Proj. | 1,404.95 | 21.6 | 23,993 | 0.75 | 311.5 | 45.1 | 6,408.0 | 3.8 | 18.3 |
| IRB Infra.Devl. | 17.53 | 21.5 | 21,173 | 0.87 | 306.3 | 51.3 | 2,137.3 | 1.8 | 7.5 |
| NBCC | 74.03 | 29.1 | 19,988 | 1.30 | 158.0 | 17.2 | 2,259.5 | -5.5 | 29.3 |
| Cemindia Project | 1,141.25 | 32.6 | 19,605 | 0.24 | 140.8 | 2.6 | 2,720.9 | 5.6 | 32.8 |
| Engineers India | 289.75 | 20.8 | 16,285 | 1.79 | 157.9 | 141.5 | 819.8 | -5.8 | 30.4 |
| Welspun Enterp | 720.70 | 28.1 | 9,976 | 0.40 | 56.4 | -26.8 | 773.7 | -8.4 | 16.7 |
| Median | 125.10 | 15.8 | 605 | 0.00 | 10.6 | 17.7 | 171.9 | 11.0 | 15.5 |
Competes with: Cemindia Projects Limited, Central Mine Planning & Design Institute Limited, Engineers India Limited, IRB Infrastructure Developers Limited, Ircon International Limited, KEC International Limited, Kalpataru Projects International Limited, Larsen & Toubro, NBCC (India) Limited, Rail Vikas Nigam Limited, Techno Electric & Engineering Company Limited
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 699 | 646 | 707 | 821 | 930 | 815 | 896 | 1,054 | 845 | 784 | 787 | 1,199 | 774 |
| Expenses | 594 | 563 | 581 | 710 | 767 | 688 | 739 | 871 | 664 | 612 | 633 | 961 | 623 |
| Material Cost | 221 | 110 | 139 | 116 | 263 | 114 | |||||||
| Change in Inventories | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Purchases of Stock-in-Trade | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Employee Cost | 53 | 52 | 56 | 58 | 66 | 63 | |||||||
| Other Expenses | 595 | 501 | 416 | 459 | 631 | 446 | |||||||
| Operating Profit | 105 | 83 | 126 | 111 | 163 | 127 | 157 | 183 | 181 | 172 | 154 | 239 | 151 |
| OPM % | 15 | 13 | 18 | 14 | 18 | 16 | 18 | 17 | 21 | 22 | 20 | 20 | 19 |
| Other Income | 51 | 44 | 29 | 38 | 23 | 11 | 17 | 17 | 13 | 22 | -32 | 32 | 1 |
| Exceptional items (within Other Income) | 0.78 | 0 | 0 | -49 | 0 | 0 | |||||||
| Interest | 27 | 27 | 28 | 28 | 30 | 34 | 50 | 44 | 42 | 53 | 52 | 53 | 53 |
| Depreciation | 3 | 6 | 9 | 9 | 9 | 14 | 14 | 15 | 11 | 13 | 13 | 13 | 11 |
| Profit before tax | 126 | 94 | 118 | 112 | 148 | 90 | 111 | 142 | 141 | 128 | 58 | 205 | 88 |
| Tax % | 26 | 26 | 32 | 31 | 26 | 32 | 30 | 26 | 28 | 23 | 47 | 21 | 36 |
| Net Profit | 93 | 69 | 80 | 78 | 110 | 62 | 77 | 105 | 101 | 98 | 31 | 163 | 56 |
| EPS in Rs | 6.63 | 4.48 | 5.17 | 5.04 | 7.08 | 4.23 | 5.16 | 6.83 | 6.56 | 6.53 | 1.74 | 10 | 3.36 |
| Diluted EPS in Rs | 6.83 | 6.54 | 6.53 | 1.74 | 10 | 3.29 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 826 | 189 | 305 | 1,067 | 1,787 | 1,808 | 1,530 | 1,342 | 2,758 | 2,874 | 3,695 | 3,615 | 3,544 |
| Expenses | 826 | 236 | 337 | 990 | 1,608 | 1,617 | 1,365 | 1,195 | 2,511 | 2,447 | 3,064 | 2,869 | 2,828 |
| Material Cost | 634 | 628 | |||||||||||
| Change in Inventories | 0 | 0 | |||||||||||
| Purchases of Stock-in-Trade | 0 | 0 | |||||||||||
| Employee Cost | 200 | 232 | |||||||||||
| Other Expenses | 2,228 | 2,008 | |||||||||||
| Operating Profit | -1 | -47 | -32 | 77 | 179 | 191 | 164 | 147 | 247 | 427 | 631 | 746 | 716 |
| OPM % | -0.10 | -25 | -10 | 7 | 10 | 11 | 11 | 11 | 9 | 15 | 17 | 21 | 20 |
| Other Income | 238 | 83 | 78 | 95 | 93 | 112 | 142 | 103 | 668 | 160 | 68 | 35 | 22 |
| Exceptional items (within Other Income) | 0.78 | -49 | |||||||||||
| Interest | 138 | 13 | 10 | 33 | 54 | 77 | 110 | 83 | 119 | 110 | 158 | 198 | 210 |
| Depreciation | 88 | 27 | 21 | 24 | 11 | 23 | 16 | 16 | 13 | 28 | 51 | 51 | 50 |
| Profit before tax | 11 | -4 | 15 | 116 | 207 | 203 | 180 | 152 | 783 | 449 | 490 | 532 | 478 |
| Tax % | 94 | -116 | 67 | 40 | 39 | 25 | 28 | 17 | 7 | 29 | 28 | 26 | |
| Net Profit | 1 | 1 | 5 | 69 | 127 | 151 | 130 | 126 | 726 | 319 | 354 | 393 | 348 |
| EPS in Rs | 0.17 | 0.04 | 0.34 | 4.71 | 8.56 | 10 | 8.66 | 8.33 | 48 | 21 | 23 | 25 | 22 |
| Diluted EPS in Rs | 23 | 25 | |||||||||||
| Dividend Payout % | 0 | 0 | 223 | 32 | 23 | 20 | 17 | 18 | 18 | 14 | 13 | 12 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- 34%
- 5 years
- 19%
- 3 years
- 9%
- TTM
- -2%
Compounded profit growth
- 10 years
- 89%
- 5 years
- 24%
- 3 years
- 12%
- TTM
- 2%
Stock price CAGR
- 10 years
- 27%
- 5 years
- 48%
- 3 years
- 39%
- 1 year
- 41%
Return on equity
- 10 years
- 10%
- 5 years
- 12%
- 3 years
- 13%
- Last year
- 14%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | 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 | 173 | 174 | 147 | 148 | 148 | 148 | 149 | 150 | 150 | 137 | 137 | 136 |
| Reserves | 1,342 | 1,247 | 1,111 | 1,191 | 1,306 | 1,431 | 1,536 | 1,641 | 2,206 | 2,187 | 2,403 | 2,908 |
| Borrowings | 447 | 94 | 150 | 460 | 592 | 812 | 2,237 | 2,526 | 764 | 762 | 1,499 | 1,987 |
| Other Liabilities | 155 | 101 | 212 | 401 | 844 | 725 | 861 | 1,571 | 1,981 | 1,847 | 1,992 | 2,271 |
| Minority Interest | 169 | 217 | ||||||||||
| Total Liabilities | 2,118 | 1,616 | 1,621 | 2,199 | 2,890 | 3,116 | 4,783 | 5,888 | 5,100 | 4,932 | 6,031 | 7,302 |
| Fixed Assets | 501 | 169 | 110 | 27 | 80 | 107 | 103 | 1,871 | 70 | 289 | 303 | 288 |
| CWIP | 215 | 64 | 64 | 64 | 120 | 64 | 1,403 | 64 | 7 | 7 | 9 | 7 |
| Investments | 954 | 1,110 | 801 | 1,118 | 933 | 948 | 804 | 812 | 1,558 | 765 | 763 | 1,650 |
| Other Assets | 447 | 273 | 645 | 990 | 1,756 | 1,998 | 2,473 | 3,141 | 3,466 | 3,871 | 4,956 | 5,356 |
| Total Assets | 2,118 | 1,616 | 1,621 | 2,199 | 2,890 | 3,116 | 4,783 | 5,888 | 5,100 | 4,932 | 6,058 | 7,302 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | 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 | -10 | -17 | -24 | -287 | -116 | -58 | 9 | 287 | 345 | -344 | -273 | 112 |
| Cash from Investing Activity | 691 | 161 | 327 | -250 | -139 | -50 | -918 | -487 | 1,197 | -57 | 1 | -877 |
| Cash from Financing Activity | -102 | -36 | -122 | 268 | 53 | 106 | 753 | 125 | -204 | -486 | 536 | 426 |
| Net Cash Flow | 580 | 108 | 181 | -270 | -202 | -2 | -156 | -75 | 1,338 | -888 | 264 | -338 |
| Free Cash Flow | -153 | -14 | -22 | -290 | -211 | -56 | -739 | -146 | 215 | -394 | -324 | 79 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | 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 | 15 | 72 | 23 | 12 | 57 | 38 | 32 | 37 | 43 | 58 | 30 | 51 |
| Inventory Days | 2 | 10 | 16 | 81 | 121 | 94 | 101 | |||||
| Days Payable | 12 | 78 | 344 | 451 | 516 | 494 | 575 | |||||
| Cash Conversion Cycle | 5 | 4 | -306 | 12 | 57 | 38 | 32 | 37 | -327 | -337 | -370 | -422 |
| Working Capital Days | -21 | 130 | -122 | 4 | 4 | -29 | -13 | -80 | -38 | 54 | 41 | 24 |
| ROCE % | -1 | 1 | 3 | 11 | 13 | 12 | 9 | 5 | 10 | 18 | 18 | 17 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
1 when an audit qualification is filed as repetitive
0.00flag
2026-03-31
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash
266inr_cr
2026-03-31
order book, Rs crore
18,700inr_cr
2026-06-30
guarantees / comfort given for promoter, promoter group, directors and KMP
0.00cr
2026-03-31
loans outstanding to promoter, promoter group, directors and KMP (governance filing)
0.00cr
2026-03-31
security given for the borrowing of promoter, promoter group, directors and KMP
0.00cr
2026-03-31
FY revenue / permanent employees + workers, same basis (calc)
2,79,01,935inr
2026-03-31
News
News and filings about Welspun Enterprises Limited. Open one to see why it matters.
20 Sept, 18:05 IST · Company event · medium impact
Welspun Enterprises Limited — receiving of Letter of Award by Welspun Michigan Engineers Limited, Material Subsidiary of the Company
8 Sept, 18:05 IST · Company event · low impact
Significant movement in price has been observed in Welspun Enterprises Limited.
8 Sept, 18:05 IST · Company event · low impact
Significant movement in price has been observed in Welspun Enterprises Limited.
22 Aug, 18:05 IST · Company event · low impact
Significant increase in volume has been observed in Welspun Enterprises Limited.
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
Competes with
- Cemindia Projects Limited
- Central Mine Planning & Design Institute Limited
- Engineers India Limited
- IRB Infrastructure Developers Limited
- Ircon International Limited
- KEC International Limited
- Kalpataru Projects International Limited
- Larsen & Toubro
- NBCC (India) Limited
- Rail Vikas Nigam Limited
- Techno Electric & Engineering Company Limited
Uses as raw material
- aggregates (sand and stone)
- bitumen
- fly ash
- pond ash
- silica fume
Depends on the price of
- cement
- diesel
- steel
Sells to
- Brihanmumbai Municipal Corporation · water treatment plant (Bhandup 2000 MLD) design-build-operate
- Maharashtra State Road Development Corporation (MSRDC) · access-controlled multi-modal corridor EPC
- National Highways Authority of India (NHAI) · road/highway EPC & HAM/BOT development
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Construction
- Industry
- Civil Construction
- Classification
- Construction › Civil Construction
- ISIN
- INE625G01013
Business segments
- Transport · 39%
- Water · 34%
- Tunneling and Rehabilitation · 26%
Plants
- Bhandup Water Treatment Plant · Mumbai, Maharashtra
- Dharavi Wastewater Treatment Facility · Mumbai, Maharashtra
- Panjarpur Water Treatment Plant
News impact
Big market events that reach Welspun Enterprises Limited, and how the effect spreads.
28 Sept, 16:37 IST · Market event · high impact
Kalpataru Projects shares rise 2.5% despite market sell-off | Here’s what’s in focus
Kalpataru listed its Swedish grid unit in Stockholm, lifting its own shares while rivals and suppliers see no change.
Who it hits first
- Kalpataru Projects International, which builds transmission lines and infrastructure, rose 2.5% on September 28 after its Swedish unit Linjemontage i Grastorp listed on Nasdaq Stockholm at SEK 46.
- Kalpataru keeps about 65.9% of the listed unit, so the listing puts a public price on a holding that was hard to value before.
- The gain came despite a wider market sell-off, showing the listing news outweighed weak sentiment that day.
Who may gain
- Kalpataru Projects International shareholders, who now see a market value for the kept 65.9% stake in the Swedish grid builder.
- Linjemontage i Grastorp, the Swedish grid contractor, which gains its own listed shares and easier access to Swedish capital.
- No rival builder gains work from this listing — the benefit stays with the owner of the stake.
Along the supply chain
Downstream
No change for buyers — grid owners such as Power Grid and GAIL buy finished lines, not shares, so their costs and timelines are untouched.
Upstream
No extra pull for suppliers — pipe and cable makers such as Welspun Corp, which supplies Kalpataru, see no new orders from a share listing.
Where demand moves
Business
No new building work changes hands — selling existing shares in Linjemontage at SEK 46 does not create transmission-line orders for Kalpataru or any rival.
Capital
Money flows toward Kalpataru as investors pay up for the newly priced 65.9% stake, while the Swedish unit collects its IPO funds in Stockholm for future grid work.
How it spreads across sectors
Capital Goods
No real lift for equipment and cable makers, since a single owner's stake listing creates no extra demand.
Construction
Mild positive mood as one builder shows a hidden asset can be priced, but no new orders spread to peers.
When it plays out
Immediate
Kalpataru shares hold the 2.5% listing pop over 1-7 days while traders compare the SEK 46 price to the kept 65.9% stake.
Medium term
Over 1-6 months value depends on the Swedish unit's grid orders and Kalpataru's debt and delivery, not the listing day.
Short term
Over 1-4 weeks focus shifts to whether the Swedish shares hold above SEK 46 and how Kalpataru uses any proceeds.
28 Sept, 11:41 IST · Market event · high impact
KPIL bags ₹4,000+ crore UAE gas pipeline EPC contract; stock slips 1.14%
Kalpataru Projects won a Rs 4,000-crore UAE gas pipeline job that lifts its order book, while rival builders and pipe suppliers see only sentiment support.
Who it hits first
- Kalpataru Projects International, a construction and engineering builder, won a Rs 4,000-crore-plus gas pipeline building contract in the UAE.
- Despite the win, Kalpataru Projects shares slipped 1.14% to Rs 1,375.30 from Rs 1,391.20, showing a cool first reaction.
- The job adds large overseas backlog and multi-month execution work for Kalpataru Projects and its site suppliers.
Who may gain
- Kalpataru Projects International, the construction and pipeline builder, gains backlog and revenue visibility
- Pipe, cable and material suppliers to pipeline work see possible follow-on orders
- UAE gas network owners gain delivery capacity for the pipeline stretch
Along the supply chain
Downstream
Downstream, the UAE gas system and its users gain pipeline capacity once built; Indian customers named in the graph such as GAIL India, Indian Oil and Power Grid gain no direct volumes from this UAE job.
Upstream
Upstream, pipe, steel, cable and engineering suppliers such as Welspun Corp, a large pipe maker, could see enquiries if Kalpataru Projects buys pipes and materials for the UAE pipeline stretch.
Where demand moves
Business
Kalpataru Projects receives direct business demand through a Rs 4,000-crore-plus UAE gas pipeline building job, adding multi-month site work, equipment hiring and subcontracting.
Capital
Investors reprice order-book visibility for Kalpataru Projects, while rivals get only light sentiment buying since no money or contract flows to them.
How it spreads across sectors
Construction
Order-book sentiment firms as a large overseas pipeline win shows demand for Indian builders, but only the winner books work.
Oil, Gas & Consumable Fuels
A new gas pipeline stretch supports gas movement and contractor demand, with no direct fuel-price change for Indian gas sellers.
When it plays out
Immediate
In 1-7 days Kalpataru Projects trades on order-book cheer against the weak 1.14% first reaction and margin questions.
Medium term
In 1-6 months progress depends on mobilisation, permits, pipe buying and execution updates from the UAE site.
Short term
In 1-4 weeks focus shifts to contract details, margin, payment terms and any supplier orders linked to the job.
25 Sept, 10:09 IST · Market event · high impact
Welspun Corp share price rises 4% after subsidiary wins its largest-ever order | All details here
A Welspun Corp unit won its largest-ever pipe order, lifting Welspun Corp shares 4.3%; it helps Welspun holders and cheers pipe makers, with no direct losers.
Who it hits first
- Welspun Corp, a maker of large steel pipes, saw its shares jump 4.3% to Rs 2810 after a subsidiary won its largest-ever order.
- The win adds fresh work to Welspun's order book, though the pack does not disclose the order's value or buyer.
- Sister Welspun companies share the brand but book none of this pipe revenue directly.
Who may gain
- Welspun Corp holders, as the record order lifts revenue visibility for the pipe maker
- Pipe-sector mood, since a largest-ever tender proves customer demand is strong
Along the supply chain
Downstream
Welspun supplies pipe buyers such as GAIL, ONGC, Indian Oil and HPCL, so the downstream gain is steadier pipe supply for energy and water projects, not a price change.
Upstream
No direct upstream pull is named in the pack - Welspun lists no steel suppliers here, so steel mills gain only if Welspun orders more coils and plates to execute the job.
Where demand moves
Business
Pipe buyers placed a record order with Welspun's unit, so factory work and billing flow to Welspun Corp; rival pipe makers get no volumes from this deal but may benefit later if tendering stays strong.
Capital
Investors bought Welspun Corp, pushing it 4.3% to Rs 2810 intraday; some sympathy money may drift to group shares and pipe peers, while the Welspun Group Master Trust bulk sale in Welspun Living leans the other way.
How it spreads across sectors
Construction
Welspun Enterprises shares the brand but wins no work, so the ripple here is sentiment-only.
Metals & Mining
A record pipe tender signals healthy steel-pipe demand, a mild positive for pipe makers even though Welspun took this deal.
When it plays out
Immediate
Welspun Corp extends its 4.3% pop as traders chase the record-order news over 1-7 days.
Medium term
Order execution and margin delivery over 1-6 months decide whether the gain sticks or fades.
Short term
Group shares and pipe peers drift on sympathy over 1-4 weeks while the market waits for order value details.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
Dividends
| 3 Jul 2026 | unspecified | ₹3 |
|---|---|---|
| 4 Jul 2025 | unspecified | ₹3 |
| 5 Jul 2024 | unspecified | ₹3 |
| 30 Jun 2023 | unspecified | ₹1 |
| 11 Jan 2023 | special | ₹7.5 |
| 30 Jun 2022 | unspecified | ₹1.5 |
| 18 Aug 2021 | unspecified | ₹1.5 |
| 11 Jun 2020 | unspecified | ₹2 |
Splits, bonuses & buybacks
- daily-prices repair: 9 rows from NSE's archive (replace 1, delete 1, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016
Bulk & block deals
| Date | Who | Bought / sold | Shares | Price |
|---|---|---|---|---|
| 18 Sep 2026 | AUTHUM INVESTMENT & INFRASTRUCTURE LIMITED | SELL | 7,34,413 | ₹780.03 |
| 15 Sep 2026 | AUTHUM INVESTMENT & INFRASTRUCTURE LIMITED | SELL | 25,00,000 | ₹765.02 |
| 15 Sep 2026 | FIDELITY SECURITIES FUND FIDELITY BLUE CHIP GROWTH FUND | BUY | 19,23,600 | ₹765.00 |
| 15 Sep 2026 | AUTHUM INVESTMENT & INFRASTRUCTURE LIMITED | BUY | 97,500 | ₹740.99 |
Documents
Annual reports, results presentations and earnings calls, straight from the source.
- Earnings call · Q1FY275 Aug 2026
- Annual report · 2025-2629 Jul 2026
- Results presentation30 Jun 2026
- Earnings call · Q4FY2615 May 2026
- Earnings call · Q3FY265 Feb 2026
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.