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Welspun Specialty Solutions Ltd (WELSPLSOL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500365 NSE: WELSPLSOL Steel & Iron Products | Small Cap | Welspun Special.Soln Share Price

₹46.54 1.99 (4.47%)

As on 04-Jun'26 16:59

Welspun Specialty Solutions Ltd (WELSPLSOL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500365 NSE: WELSPLSOL Steel & Iron Products | Small Cap | Welspun Special.Soln Share Price

₹46.54 1.99 (4.47%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹3,084 Cr.
Current Price
₹46.5
52-Week Low / High
₹30 / 49
TTM EPS
₹0.3
TTM Sales
₹886 Cr.
Book Value per Share
₹6.9
P/E Ratio
136.03
Higher than its 5-year historical median
Industry PE
25.8
Price to Book (P/B)
6.75
Lower than its 5-year historical median
Price to Sales (P/S)
3.48
In line with its 5-year historical median
EV/EBITDA
47.89
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
-1.81%
Underperforms industry median
Return on Capital Employed (ROCE)
9.89%
Underperforms industry median
Return on Assets (ROA)
-0.66%
Operating Profit Margin
4.3%
Net Profit Margin
-0.57%
Gross Profit Margin
1.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
3.88%
Operating Profit Growth (1 Year)
-
-44.85%
Net Profit Growth (1 Year)
-
-106.55%
Asset Quality
Promoter Holding
55.17%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹59 Cr.
Equity
₹397.6 Cr.
Face Value
₹6
All Time Low / High
₹1.37 / 287.48

Welspun Specialty Solutions stock performance

Key Ratios
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Valuation

Somewhat Overvalued

Price Trend

Weak
Q.1 Is Welspun Specialty Solutions Ltd a good quality company?
Welspun Specialty Solutions Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Welspun Specialty Solutions Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Welspun Specialty Solutions Ltd vs industry peers?
Welspun Specialty Solutions Ltd revenue CAGR is 19.65%, compared to the industry median CAGR of 7.56%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Welspun Specialty Solutions Ltd?
Promoters hold 55.17% of the Welspun Specialty Solutions Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Welspun Specialty Solutions Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 29.4% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Welspun Specialty Solutions Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % -7.2%-7.8%-2.4%-3.2%-28.3%43.7%-5.6%6.1%20.1%9.9%-
Value Creation
Index
NANANANANA2.1-1.4NA0.4-0.3-

Growth Parameters

Sales 26823323544129593.4163418697724886
Sales YoY Gr.--13.2%1%87.4%-33%-68.4%74.8%155.9%66.7%3.9%-
Adj EPS -5.4-5.2-5-1.1-1.7-0.1-0.6-0.31-0.20.3
YoY Gr.-NANANANANANANANA-114.7%-
BVPS (₹) -20.8-38.7-43.4-6.4-2.40.70.1-0.2166.9
Adj Net
Profit
-62.2-60.2-58-40.2-88.6-2.7-33-1757.2-9.623
Cash Flow from Ops. 24.917.7-5.3-2.4-26.842.8-84.350.17.557.8-
Debt/CF from Ops. 14.434.4-149.9-172.1-144-2.94.734.70.4-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 11.7%19.7%64.3%3.9%
Adj EPS NANANA-114.7%
BVPSNANA291.3%511.2%
Share Price 32.3% 27.9% 28.7% 37.6%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
37.919.315.114.955.98.1-80.1-46.793.3-3.75.3
Op. Profit
Mgn %
-4.7-6.6-4.6-8.3-24-21.1-11.3484.35.3
Net Profit
Mgn %
-23.2-25.9-24.7-9.1-30-2.9-20.2-4.18.2-1.32.5
Debt to
Equity
-2-1.4-1.6-1.8-3.14.65.57.92.80.10
Working Cap
Days
172154192154191319243181162189107
Cash Conv.
Cycle
587194628118814012512412636

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales26823323544129593163418697724
Operating Expenses + 281248246478366114182401641693
Manufacturing Costs100929016785295292131141
Material Costs1561341352722315997251439468
Employee Cost 17161425341923334244
Other Costs 9771416710252940
Operating Profit -13-15-11-38-71-21-18175631
Operating Profit Margin (%) -4.8%-6.6%-4.6%-8.6%-24.1%-22.1%-11.3%4.0%8.0%4.3%
Other Income + 26545219152225
Exceptional Items 33529111380000
Interest 4645479151119303344
Depreciation 7777101414151516
Profit Before Tax -60-58-55-20-8193-32-1429-4
Tax 00000000-340
Profit After Tax -60-58-55-20-8193-32-1462-4
PAT Margin (%) -22.4%-25.1%-23.2%-4.6%-27.6%99.8%-19.9%-3.3%9.0%-0.6%
Adjusted EPS (₹)-5.2-5.1-4.7-0.6-1.61.7-0.6-0.21.1-0.1
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Welspun Special.Soln - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + -180-445-499-235-12237442993434
Share Capital 1246565208293318356356356435
Reserves -304-510-564-443-415-281-312-326-263-1
Debt +34958776340732016623222425021
Long Term Debt29149648525821815323221912221
Short Term Debt589127814910212151280
Minority Interest0000000000
Trade Payables563475126411968200208258
Others Liabilities 2235242112887729242-19
Total Liabilities 246210581411328299372477553694

Fixed Assets

Net Fixed Assets +118110105100219224212207198195
Gross Block431431432399525543546550555568
Accumulated Depreciation313320327299306319333342357373
CWIP 007851256152
Investments 006700000024
Inventories4643651187053114198269243
Trade Receivables654280711010154149124
Cash Equivalents 44244113161173
Others Assets 1411112614618283233
Total Assets 246210581411328299372477553694

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 2518-5-2-2743-8450758
PBT -60-61-60-20-8193-32-1429-4
Adjustment 4951551728-10133454858
Changes in Working Capital 3628-112650-8318-695
Tax Paid -0-0-0-011-21-0-1
Cash Flow From Investing Activity + -14-74-18-48-9-5-5-12-39
Capex -1-0-11-80-56-12-4-6-13-16
Net Investments 00-665973-100-24
Others 0433110001
Cash Flow From Financing Activity + -25-24320-22275-3493-50553
Net Proceeds from Shares 28020310510000348
Net Proceeds from Borrowing 9510-24-256436114-15-10-101
Interest Paid -47-45-47-27-14-10-12-40-20-56
Dividend Paid 0000000000
Others -10111187-4445-30-9534-137
Net Cash Flow -1-2241-243005-5-072

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)N/AN/AN/AN/AN/A0-150.950266.11-1.81
ROCE (%)N/AN/AN/AN/AN/A43.68-5.556.0620.119.89
Asset Turnover Ratio1.111.150.610.890.80.30.490.981.351.16
PAT to CFO Conversion(x)N/AN/AN/AN/AN/A0.46N/AN/A0.11N/A
Working Capital Days
Receivable Days80.1074.4092.5062.7050.5039.9028.5024.7023.5043.40
Inventory Days55.306282.4075.60115.80240.50187.60136.60122.30128.90
Payable Days137.90122.90147.50134.30131.80184.70156.7064.3033.9068.80

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Welspun Specialty Solutions Ltd FAQs

The current trading price of Welspun Special.Soln on 04-Jun-2026 16:59 is ₹46.54.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Jun-2026 the market cap of Welspun Special.Soln stood at ₹3,083.8 Cr

The latest P/E ratio of Welspun Special.Soln as of 03-Jun-2026 is 136.0.

The latest P/B ratio of Welspun Special.Soln as of 03-Jun-2026 is 6.75.

The 52-week high of Welspun Special.Soln is ₹49.40 and the 52-week low is ₹29.84.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Welspun Special.Soln is ₹886 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Welspun Specialty Solutions Ltd is a below average quality company.

The key valuation ratios of Welspun Specialty Solutions Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Welspun Specialty Solutions Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Welspun Specialty Solutions Ltd

Remi Metals Gujarat (RMGL) started in 1960 when Chiranjilal Saraf started manufacturing fractional H P motors & laboratory stirrers under the name of Rajendra Electric Motor Industries.

Remi Metals Gujarat Limited, a Rs 360 crore flagship company of the Remi group is the most ambitious project so far. RMGL is an Integrated Steel (capacity 140,000 TPA) & Seamless Pipe Plant (capacity 50,000 TPA) set up in Jhagadia near Bharuch in Gujarat.

RMGL is an Electric Arc Furnace based integrated steel and seamless pipe plant. RMGL has both Ingot (minimum weight 3T) as well as CC Bloom ( maximum bloom size 300 mm sq.) casting routes of steel making.

RMGL has a Seamless Pipe / Tubes plant to maufacture 50,000 TPA of Carbon Alloy Steel Seamless Pipes / Tubesin hte size range of 1'' to 6 5/8'' in technical collaboration with M/s Intertech GmbH International Technical Assistance, (INTERTECH), Germany. The Company has also in-house Steel manufacturing and rolling capacity of 1,40,000 TPA.

RMGL is located in Gujarat on a 150 acres (60 hectares) plot near village Fulwadi, Taluka Jhagadia, District Bharuch which is 23 km from Ankleshwar, 85 kms from Dahej where a full fledged all weather port is being developed and 85 kms from Essar's Sponge Iron Plant and Hazira.

Power supply is from Jhagadia sub-station by aying a separate Industrial feeder. The project is ideally located as regards proximity to the source of raw materials, water, power, ptransport arrangements and other amenities. Also a gas line is passing just near the project site, from which gas connection wcould be obtained in future, subject to availability of gas.

Different divisions of the company:

  • Steel Melting Shop
  • Casting Facilities
  • Hot Processing of Steel
  • Cold Finishing

Mannesman Demag Huttentechnik, Germany and its Indian counterpart Indomag Steel Technology, world leaders in steel making and seamless pipe technology have designed the key process equipments. Advance steel making technology through 35 MT, Ultra High Power Eccentric Bottom Tapping Arc Furnace, Refining in LRF (Landle Refining Furnace) and Degassing in VD/VOD has been inducted from MDH.The Rolling Mill also designed and manufactured by Mannesmann Demag can provide high reduction ratios in single heating.

Products portfolio of the company include:

Steel Products:

  • Cast Blooms- OctagonsSquares
  • Ingots
  • Rolled Rounds 36
  • RCS/Squares

Tube Products:

  • Hot Finish Tubes
  • Cold Finish Tubes
  • Hot Extruded SS tube
  • Cold Finish SS Tubes
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