Shares of Welspun Corp Limited were trading 3.53 per cent lower at ₹1,282.10 on Friday morning, giving up gains from a strong quarterly performance reported the previous trading session, even as the broader metals index held relatively steady.
The stock opened near its previous close of ₹1,330.20, touched an intraday high of ₹1,306.80, before sliding to a low of ₹1,252.20. Over 14 lakh shares had changed hands by late morning, with a traded value of roughly ₹180 crore. Despite today’s dip, the stock has returned over 67 per cent in the past year and nearly 775 per cent over five years, significantly outpacing the Nifty Metal index.
The sell-off comes despite Welspun Corp reporting a solid set of numbers for FY26. The company posted full-year EBITDA of ₹2,371 crore, beating its own guidance of ₹2,200 crore, at a 14 per cent margin. Full-year PAT after exceptional items rose 42 per cent year-on-year to ₹1,613 crore, while Q4 PAT grew 28 per cent to ₹370 crore. The company also strengthened its net cash position to ₹1,627 crore despite capital expenditure of ₹2,532 crore.
Order book remained at an all-time high of approximately ₹25,350 crore, covering line pipes, ductile iron pipes and stainless steel products, with its US spiral mill booked through FY28. Management guided for FY27 revenue of ₹20,000 crore and EBITDA of ₹2,850 crore. A dividend of ₹5 per share was also declared.
Adding a separate angle to the Welspun Group story today, Welspun Living’s buyback record date falls on Friday, with a buyback price of ₹175 against the current market price of ₹139.30, a premium of over 25 per cent.