Welspun Corp Ltd
About
Welspun World, founded by B.K. Goenka has transformed into a significant Indian multinational corporation, employing more than 30,000 individuals and operating in over 50 countries. Welspun Corporation Ltd is a part of the $5 Bn Welspun World, with forays in Pipe Solutions and Building Materials. The company has supplied pipes for the world's deepest pipeline project (the Independence Trail in the Gulf of Mexico, US), the world's highest pipeline project in Peru, the longest pipeline running between the US and Canada and the heaviest pipeline project in the Persian Gulf. The establishment has manufacturing facilities in Anjar (Gujarat), Bhopal (Madhya Pradesh), Mandya (Karnataka) and Jhagadia (Gujarat) and others spread across the US and UAE.
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Financial Data 2024
Fortune India Coverage
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 16479 39.7% | 11792 78.6% | 6603 -9.1% | 7266 -34.6% | 11102 22.0% | 9099 41.3% | 6440 3.6% | 6217 -15.1% | 7323 -14.2% | 8535 12.8% | 7564 -17.8% | 9197 -3.4% | 9516 19.3% | 7974 12.0% | 7119 12.3% | 6339 - |
| Net Operating Income (INR Cr) | 17340 77.69% | 9758 50.01% | 6505 -9.05% | 7153 -28.16% | 9957 11.21% | 8953 41.07% | 6347 7.60% | 5899 -18.48% | 7236 -14.38% | 8450 9.68% | 7705 -15.18% | 9083 1.19% | 8977 11.90% | 8022 9.40% | 7333 30.74% | 5609 45.99% |
| Profit (INR Cr) | 1110 437.2% | 207 -52.9% | 439 -42.8% | 768 20.8% | 635 - | -13 - | 158 498.9% | 26 -82.6% | 152 119.9% | 69 -5.9% | 73 - | -70 - | 239 -62.3% | 633 3.7% | 610 185.9% | 214 - |
| Assets (INR Cr) | 7877 -6.2% | 8395 25.6% | 6683 15.9% | 5766 29.0% | 4469 4.4% | 4283 -8.8% | 4696 -9.1% | 5166 -15.4% | 6107 -2.8% | 6282 -10.6% | 7025 -40.7% | 11842 8.3% | 10931 44.2% | 7583 39.2% | 5449 29.3% | 4214 - |
| Net Worth (INR Cr) | 5597 18.8% | 4713 6.4% | 4428 8.5% | 4083 27.0% | 3215 14.9% | 2798 -2.0% | 2854 1.6% | 2809 0.4% | 2799 0.0% | 2799 -1.8% | 2849 -43.0% | 5001 22.2% | 4093 21.3% | 3374 16.3% | 2901 86.0% | 1560 -0.5% |
| Employee Cost (INR Cr) | 938 73.3% | 541 41.1% | 383 -15.6% | 454 -28.6% | 637 11.3% | 572 37.1% | 417 -3.1% | 431 -22.8% | 558 4.9% | 531 0.4% | 530 14.5% | 462 -5.2% | 488 24.7% | 391 46.4% | 267 113.2% | 125 - |
| Interest Cost (INR Cr) | 304 | 243 | 102 | 85 | 144 | 177 | 170 | 236 | 241 | 283 | 296 | 358 | 400 | 224 | 233 | 279 |
| Cash & Bank Balance (INR Cr) | 1072 | 1202 | 701 | 259 | 514 | 670 | 628 | 230 | 556 | 333 | 141 | 699 | 1026 | 751 | 1703 | 947 |
| Total Debt (INR Cr) | 1930 | 3345 | 1655 | 970 | 1061 | 1305 | 1386 | 1843 | 2644 | 3021 | 3824 | 5577 | 5341 | 3807 | 2548 | 2654 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 6.7% | 1.8% | 6.7% | 10.6% | 5.7% | - | 2.5% | 0.4% | 2.1% | 0.8% | 1.0% | - | 2.5% | 7.9% | 8.6% | 3.4% |
| Profit As % Of Assets | 14.1% | 2.5% | 6.6% | 13.3% | 14.2% | - | 3.4% | 0.5% | 2.5% | 1.1% | 1.0% | - | 2.2% | 8.4% | 11.2% | 5.1% |
| Profit As % Of Networth | 19.8% | 4.4% | 9.9% | 18.8% | 19.8% | - | 5.6% | 0.9% | 5.4% | 2.5% | 2.6% | - | 5.8% | 18.8% | 21.0% | 13.7% |
| Interest Cost to EBITDA % | 19.5% | 50.2% | 21.9% | 10.8% | 12.8% | 44.0% | 36.0% | 46.0% | 31.0% | 33.6% | 44.3% | 74.0% | 46.7% | 17.7% | 18.1% | 60.7% |
| Debt to Equity Ratio | 0.34 | 0.71 | 0.37 | 0.24 | 0.33 | 0.47 | 0.49 | 0.66 | 0.94 | 1.08 | 1.34 | 1.12 | 1.30 | 1.13 | 0.88 | 1.70 |
| RONW | 22.0% | 3.3% | 10.4% | 18.4% | 21.8% | - | 5.4% | 0.5% | 5.4% | 7.6% | 2.1% | - | 5.6% | 19.3% | 27.4% | 13.7% |
| ROCE | 21.4% | 6.4% | 12.5% | 18.3% | 27.7% | 11.3% | 7.1% | 4.7% | 7.5% | 8.1% | 4.7% | 4.9% | 8.4% | 17.4% | 24.0% | 15.6% |