WELSPUN CORP LTD chart

Last update: 2022-06-03
Key statistics and financials
Revenue per share 242.61
Dividend & Yield5.00₹ (2.42%)
Beta 0.92
Market capitalization 57.34B
Operating cash flow 2.18B
ESG Scores unknown

Company description

Welspun Corp Limited, together with its subsidiaries, manufactures and sells steel pipes, plates, and coils in the United States, Saudi Arabia, and India. The company offers helically submerged arc welded line pipes, longitudinally welded pipes, electric resistance/high frequency induction welded pipes, and pig iron and ductile iron pipes, as well as provides double jointing, pipe bending, ID machining, and dump site and inventory management services. Its products are used in onshore and offshore oil, gas, and water transmission; and downstream oil and gas distribution industries. The company was formerly known as Welspun Gujarat Stahl Rohren Limited and changed its name to Welspun Corp Limited in April 2010. Welspun Corp Limited was incorporated in 1995 and is based in Mumbai, India.

Sector: Basic Materials - Industry: Steel

Financial Ratios
Quick Ratio1.13
Working Capital0.31
Return On Equity0.1
Debt To Equity0.32
Fixed Asset Ratio0
Fixed Interest Cover2.13

Financial data

Financial Statements

Cashflow Statement 2019-03-31 2020-03-31 2021-03-31 2022-03-31
Change To Liabilities -5.14B -3.02B -10.32B 2.5B
Total Cashflows From Investing Activities -2.82B -774M -8.08B -2.09B
Net Borrowings -805.09M -3.16B -1.21B 6.91B
Total Cash From Financing Activities -3.35B -7.43B -1.74B 4.53B
Change To Operating Activities 13.77B -2.99B -7.32B -4.3B
Issuance Of Stock 1.5M 1.5M 6.5M
Net Income -132.58M 6.35B 6.19B 4.39B
Change In Cash 333.9M -1.44B -2.72B 4.7B
Effect Of Exchange Rate 275.35M 285.11M -24.58M 82.9M
Total Cash From Operating Activities 6.23B 6.48B 7.13B 2.18B
Depreciation 2.56B 2.3B 2.11B 2.55B
Change To Account Receivables -595.39M 354.33M 5.92B -1.38B
Other Cashflows From Financing Activities -2.41B -941.94M -408.59M -1.08B
Change To Netincome 7.18B 653.49M -2.11B -3.5B
Capital Expenditures -602.75M -1.75B -2.98B -9.79B

Income Statement 2019-03-31 2020-03-31 2021-03-31 2022-03-31
Research Development
Income Before Tax 1.82B 11.05B 8.63B 6.61B
Net Income -132.58M 6.35B 6.19B 4.39B
Selling General Administrative 6.05B 6.53B 4.3B 3.83B
Gross Profit 23.85B 32.21B 18.23B 15.71B
Ebit 5.39B 10.32B 5.23B 2.17B
Operating Income 5.39B 10.32B 5.23B 2.17B
Interest Expense -1.58B -1.27B -543.16M -1.02B
Income Tax Expense 1.22B 4.12B 2.21B 2.16B
Total Revenue 87.26B 98.08B 61.85B 63.29B
Cost Of Revenue 63.4B 65.87B 43.62B 47.58B
Total Other Income ExpenseNet -3.57B 730.22M 3.39B 4.44B
Net Income From Continuing Ops 598.42M 6.92B 6.42B 4.44B
Net Income Applicable To Common Shares -132.58M 6.35B 6.19B 4.39B

Balance Sheet Statement 2019-03-31 2020-03-31 2021-03-31 2022-03-31
Total Liabilities 54.07B 47.14B 27.06B 46.41B
Total Stockholder Equity 27.98B 32.15B 37.94B 44.28B
Other Current Liabilities 20.21B 16.4B 9.35B 13.13B
Total Assets 82B 79.43B 65.25B 91.69B
Common Stock 1.33B 1.3B 1.3B 1.3B
Other Current Assets 16.65B 11.34B 1.54B 2.87B
Retained Earnings 17.61B 21.15B 27.59B
Treasury Stock 1.27B 2.51B 1.86B 42.98B
Cash 5.85B 4.41B 1.69B 7.01B
Total Current Liabilities 39.26B 37.11B 19.52B 29.06B
Other Stockholder Equity 1.27B 2.51B 1.86B 42.98B
Property, Plant, and Equipment 15.98B 16.82B 17.42B 33.29B
Total Current Assets 61.56B 57.36B 40.85B 43.16B
Net Tangible Assets 27.87B 32.06B 37.86B 40.78B
Net Receivables 13.21B 13.56B 15.43B 8.15B
Accounts Payable 15.8B 14.42B 5.68B 9.84B


Insider Transactions

Here are the insider transactions of stock shares related to WELSPUN CORP LTD:

Filer Name Transaction Text Ownership Date Filer Relation Shares
Dogra (Aarti)Acquisition at price 1.74 per share.D2021-02-12UNREPORTED5k
Dogra (Ashima)Acquisition at price 1.74 per share.D2021-02-12UNREPORTED5k
Balkrishan (Goenka)Acquisition at price 1.80 per share.D2020-12-15Promoter4M
Balkrishan (Goenka)Acquisition at price 1.79 per share.D2020-12-15Promoter2.7M
Viswanathan (K. H.)Acquisition at price 1.68 per share.D2020-12-10Director650
Viswanathan (K. H.)Acquisition at price 1.37 per share.D2020-11-10Director4.85k
Balkrishan (Goenka)Acquisition at price 1.51 per share.D2020-09-29Promoter705k
Balkrishan (Goenka)Acquisition at price 1.46 per share.D2020-09-28Promoter1.55M
Balkrishan (Goenka)Acquisition at price 1.40 per share.D2020-09-25Promoter5k
Balkrishan (Goenka)Acquisition at price 1.39 per share.D2020-09-25Promoter357.59k
Viswanathan (K. H.)Acquisition at price 1.42 per share.D2020-09-23Director9.95k
Viswanathan (K. H.)Acquisition at price 1.49 per share.D2020-09-21Director4.55k
John (Godfrey)Sale at price 1.53 per share.D2020-09-18UNREPORTED8k
Intech Metals S AD2019-11-07Promoter2.07M
Aryabhat Vyapar Pvt. Ltd.D2019-07-25UNREPORTED6.92M
Welspun Steel LtdD2019-07-25Promoter6.92M
Balkrishan (Goenka)D2019-05-10Promoter110.45M
Intech Metals S AD2019-01-11Promoter69.5k
Intech Metals S AD2019-01-11Promoter74.1k
Intech Metals S AD2019-01-09Promoter4.22k
Intech Metals S AD2019-01-09Promoter22k
Intech Metals S AD2019-01-08Promoter2.31k
Intech Metals S AD2019-01-08Promoter66.72k
Intech Metals S AD2019-01-07Promoter92.13k
Intech Metals S AD2018-12-27Promoter2.2k
Intech Metals S AD2018-12-27Promoter15.7k
Intech Metals S AD2018-12-26Promoter5.61k
Intech Metals S AD2018-12-26Promoter4.17k
Mishra (Braja K)D2017-01-24Director (Non-Executive)208.9k
Mishra (Braja K)D2017-01-20Director (Non-Executive)167.69k
Mishra (Braja K)D2016-08-18Managing Director159.57k
Mishra (Braja K)D2016-08-08Managing Director5.79k
Mishra (Braja K)D2016-08-02Managing Director34.64k
Mishra (Braja K)D2016-03-23Managing Director20.41k
Mishra (Braja K)D2016-03-18Managing Director519
Mishra (Braja K)D2016-03-17Managing Director50k
Mishra (Braja K)D2016-03-04Managing Director76.39k
Mishra (Braja K)D2016-02-09Managing Director2.05M
Gangwal (Nirmal Kumar)D2015-05-25Director (Non-Executive)225.74k
Gangwal (Nirmal Kumar)I2015-05-19Director (Non-Executive)
Gangwal (Nirmal Kumar)D2014-12-05Director (Non-Executive)9.01k
Gangwal (Nirmal Kumar)D2014-12-03Director (Non-Executive)35.92k
Gangwal (Nirmal Kumar)D2014-12-02Director (Non-Executive)5k
Mulheim Pipecoatings GmbHD2014-06-04Promoter8.27M
Gangwal (Nirmal Kumar)D2014-02-21Director (Non-Executive)54.54k
Gangwal (Nirmal Kumar)D2014-02-20Director (Non-Executive)72.91k
Gangwal (Nirmal Kumar)D2014-02-19Director (Non-Executive)99.56k
Gangwal (Nirmal Kumar)D2014-02-18Director (Non-Executive)100k
Granele LtdD2011-08-18Institution- Corporation35.04M
Insight Solutions LtdD2011-08-18Institution- Corporation23.03M
Patil (Devendra)D2010-10-13UNREPORTED5.38k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to WELSPUN CORP LTD. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on WELSPUN CORP LTD

Here is the result of two systematic investment strategies applied to WELSPUN CORP LTD. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on WELSPUN CORP LTD

The following chart shows the equity curve of the two systematic investment strategies applied to WELSPUN CORP LTD:

WELSPUN CORP LTD automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 93.59% on the backtest period.

Performance at glance

Performance

93.59 %

Latent gain

2486.35 ₹

Invested capital

2656.55 ₹

Annualized return

22.18 %
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Momentum strategy results on WELSPUN CORP LTD

This is the result of two momentum investment strategies applied to WELSPUN CORP LTD. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on WELSPUN CORP LTD

The following chart shows all the entries opened by the momentum investment system on WELSPUN CORP LTD:

WELSPUN CORP LTD momentum entries
  • The first momentum investment strategy would give 101.04% of return on WELSPUN CORP LTD. That represents 4923.25₹ of latent gain with 4872.75₹ of employed capital.
  • The second momentum investment strategy would give 94.32% of return on WELSPUN CORP LTD. That represents 3566.2₹ of latent gain with 3780.8₹ of employed capital.
Performance at glance (1Q Momentum)

Performance

101.04 %

Latent gain

4923.25 ₹

Invested capital

4872.75 ₹

Annualized return

66.5 %
Performance at glance (2Q Momentum)

Performance

94.32 %

Latent gain

3566.2 ₹

Invested capital

3780.8 ₹

Annualized return

25.22 %

Momentum equity curve on WELSPUN CORP LTD

The following chart shows the equity curve of the two momentum strategies applied to WELSPUN CORP LTD:

WELSPUN CORP LTD momentum equity

Note: the dividends potentially given by WELSPUN CORP LTD are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on WELSPUN CORP LTD

The following chart shows the employed capital evolution of the two momentum strategies on WELSPUN CORP LTD since the beginning:

WELSPUN CORP LTD

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250₹, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000₹.


Buy the dip strategy result on WELSPUN CORP LTD

Buy the dip entry openings on WELSPUN CORP LTD

WELSPUN CORP LTD

The performance achieved by the robo-advisor on WELSPUN CORP LTD is 147.64%. That represents 1606.05$ of latent gain with 1087.85₹ of employed capital. The following chart shows WELSPUN CORP LTD stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of WELSPUN CORP LTD, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

147.64 %

Latent gain

1606.05 ₹

Invested capital

1087.85 ₹

Annualized return

66.5 %

Equity curve of the strategy applied to WELSPUN CORP LTD

The following chart shows the result of the investment strategy applied to WELSPUN CORP LTD:

WELSPUN CORP LTD

Note: the dividends potentially given by WELSPUN CORP LTD are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on WELSPUN CORP LTD

The following chart shows the employed capital evolution since the beginning of the investment strategy on WELSPUN CORP LTD:

WELSPUN CORP LTD

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on WELSPUN CORP LTD

In this section, I will compare the three previous investment strategies applied to WELSPUN CORP LTD.

Equity curve comparison on WELSPUN CORP LTD

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

WELSPUN CORP LTD investment strategy comparison

Employed capital comparison on WELSPUN CORP LTD

WELSPUN CORP LTD investment comparison

Performance comparison on WELSPUN CORP LTD

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 93.59% 2486.35₹ 2656.55₹ 22.18%
Momentum 1 quarter 101.04% 4923.25₹ 4872.75₹ 25.39%
Momentum 2 quarters 94.32% 3566.2₹ 3780.8₹ 25.22%
Non-directional 147.64% 1606.05₹ 1087.85₹ 66.5%
Annualized return comparison

Automatic investment

22.18 %

Momentum 1Q

25.22 %

Momentum 2Q

25.22 %

Non-directional

66.5 %

Correlated stocks

Here are the most positively and negatively correlated stocks with WELSPUN CORP LTD:

Positive correlations

Most correlated stocks this year


Most correlated stocks last 3 months

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

Note: The algorithm computes the probability of correlation between WELSPUN CORP LTD and the other stocks. There may be false positives or some missing correlated stocks. If the price of WELSPUN CORP LTD does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name WELSPUN CORP LTD
Country India
City Mumbai
Address Welspun House
Phone 91 22 6613 6000
Website www.welspuncorp.com
FullTime employees
Industry Steel
Sector Basic Materials
Exchange XNSE
Ticker WELCORP.XNSE
Market

WELSPUN CORP LTD ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown