Welspun Corp Ltd (WCL), the flagship company of Welspun World, has announced its consolidated financial results for the quarter and year ended March 31, 2026, showcasing a robust financial performance.
For the fiscal year 2026, Welspun Corp reported an EBITDA of ₹2,371 crore, surpassing its guidance of ₹2,200 crore. The company’s EBITDA margin stood at 14%, with a return on capital employed (ROCE) of 22%. The net cash position improved to ₹1,627 crore despite a capital expenditure investment of ₹2,532 crore, and the net working capital remained negative, supported by customer advances.
Operating cash flow and free cash flow generation for FY26 were reported at ₹3,204 crore and ₹672 crore, respectively. The company maintained an all-time high order book of approximately ₹25,350 crore, which includes line pipes in India and the USA, ductile iron pipes, and stainless steel bars and pipes. The USA spiral mill is booked through FY28.
The profit after tax (PAT) for the fourth quarter and full year FY26, after exceptional items, increased by 28% and 42% year-on-year to ₹370 crore and ₹1,613 crore, respectively. Looking ahead, Welspun Corp has set a revenue guidance of ₹20,000 crore and an EBITDA target of ₹2,850 crore for FY27.
The Board of Directors has recommended a dividend of ₹5 per equity share, representing 100% of the face value of ₹5 each.
The business environment remains favourable with strong demand visibility in the USA driven by rising LNG demand and increasing power requirements linked to AI data centres. In the Kingdom of Saudi Arabia (KSA), significant investments are being made across onshore and offshore fields, with a focus on hydrogen and CCUS ventures.
In India, export prospects remain strong, and the government’s focus on PNG, LPG pipelines, and the Samudra Manthan initiative is expected to drive demand for oil and gas pipelines. Welspun’s associate company in KSA, East Pipes Integrated Company for Industry, delivered a landmark performance during the year, achieving its highest-ever profitability and margin performance.
Welspun Specialty Solutions Ltd reported a 52% year-on-year EBITDA growth for FY26, focusing on niche products for critical applications. Sintex, a Welspun brand, saw significant price increases while maintaining focus on branding premiumisation and channel expansion.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).