Welspun Corp Limited
Incorporated in 1995, WCL is the flagship company of the Welspun group promoted by Mr B K Goenka. The company manufactures line pipes at its plants in India (Anjar in Gujarat, Bhopal in Madhya Pradesh and Mandya in Karnataka), the US (Little Rock, Ar...
Key Metrics
EPS
42.43
Current ratio
1.53
Debt/Equity
0.80
Debt/EBITDA
2.22
Interest coverage ratio
5.64
Operating Cashflow to total debt
0.17
Financials
Pros & Cons
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Here's what we like about this company and potential risks we have identified.
Pros
Strong business risk profile, supported by market leadership in the line pipe business and diversification into other business segments
Prudent risk management strategies
Geographically diverse capacities and presence
Strong financial risk profile and ample liquidity
Liquidity: Strong
Cons
Susceptibility to slowdown in end-user industries and changes in government policies
Exposure to risks related to stabilization of capex incurred in the past fiscal and projects planned over the medium term
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About Welspun Corp Limited bond.
This comprehensive profile covers key factual information about Welspun Corp Limited. Incorporated in 1995, WCL is the flagship company of the Welspun group promoted by Mr B K Goenka. The company manufactures line pipes at its plants in India (Anjar in Gujarat, Bhopal in Madhya Pradesh and Mandya in Karnataka), the US (Little Rock, Arkansas), and the Kingdom of Saudi Arabia (Dammam). Products include longitudinal, spiral and high-frequency induction-welded pipes. WCL also has coating facilities in these countries. The company operates in the US through its 100% subsidiary, WPI; and in KSA through step-down subsidiary, EPIC (erstwhile Welspun Middle East Pipe Company LLC; merged with Welspun Middle East Pipe Coating Company LLC in fiscal 2021). It also has a 100% subsidiary, Welspun Tradings Ltd, which acts as a bidding company in the global market. Operations are managed by a professional team, headed by Mr Vipul Mathur, Managing Director and CEO. EPS in Mar-2024 was 42.43. Current ratio in Mar-2024 was 1.53. Debt/Equity in Mar-2024 was 0.80. Debt/EBITDA in Mar-2024 was 2.22. Interest coverage ratio in Mar-2024 was 5.64. Operating Cashflow to total debt in Mar-2024 was 0.17. Total revenue for March-2024 was ₹17,843.90. Net income for March-2024 stood at ₹1,110.40. Total assets as of Mar-2024 were ₹11,813.38. Operating cash flow for Mar-2024 was ₹1,305.99. The company’s borrowing relationships include Bank of Baroda (₹N/A Cr), State Bank of India (₹N/A Cr), State Bank of India (₹N/A Cr), Axis Bank Limited (₹N/A Cr), ICICI Bank Limited (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), Axis Bank Limited (₹N/A Cr), Bank of Baroda (₹N/A Cr), IDFC FIRST Bank Limited (₹N/A Cr), YES Bank Limited (₹N/A Cr), State Bank of India (₹N/A Cr), Bank of India (₹N/A Cr), ICICI Bank Limited (₹N/A Cr), IDBI Bank Limited (₹N/A Cr), (₹N/A Cr), (₹N/A Cr). Peers and comparison entities consist of Welspun Corp Limited, JSW Steel Limited, Tata Steel Limited, Jindal Steel And Power Limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Strong business risk profile, supported by market leadership in the line pipe business and diversification into other business segments; Prudent risk management strategies; Geographically diverse capacities and presence; Strong financial risk profile and ample liquidity; Liquidity: Strong. Key risks include: Susceptibility to slowdown in end-user industries and changes in government policies; Exposure to risks related to stabilization of capex incurred in the past fiscal and projects planned over the medium term. Leadership team details include Al-Shaheen (CEO - East Pipes), Amita Misra (Independent Director), Aneesh Misra (Non Executive Non Independent Director), Anjani Agrawal (Independent Director), Anuj Burakia (WholeTime Director & CEO), Ashish Prasad (Chief Executive Officer), Balkrishan Goenka (Chairman & Non-ExecutiveDirector), Bindu Nambiar (Head - Human Resource), Dipali Sheth (Independent Director), Gerald Mosley (Chief Executive Officer), Godfrey John (CEO - Pipes), Manish Chokhani (Independent Director), Nitin Agarwal (CEO - Steel), Paras Shah (Company Secretary & Compliance Officer), Percy Birdy (Chief Financial Officer), Rajesh R Mandawewala (Non Executive Non Independent Director), Sivasubramanian (Chief Digital Officer), Snehal Patel (Vice President - Operations), T S Kathayat (President & Head), Todd Phillips (Vice President - Marketing), Vipul Mathur (Managing Director & CEO). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.