The shares of a Mid-cap company specializing in manufacturing large-diameter welded line pipes and comprehensive pipe solutions for the energy, water, and infrastructure sectors are in focus after bagging another Rs. 2,000 crore order from Saudi Aramco.
With a market capitalisation of Rs. 71,819.64 crore in the day’s trade, the shares of Welspun Corp Ltd rose upto 5.0 percent, making a high of Rs. 2,791.10, compared to the previous close of Rs. 2,657.70. Welspun Corp Ltd. shares have already surged 232% so far in 2026, reflecting strong investor interest amid robust order wins and growth prospects.
What Happened
Welspun Corp’s associate company, East Pipes Integrated Company for Industry (EPIC), has signed a contract with Saudi Aramco for the manufacturing and supply of steel pipes. The contract is valued at more than SAR 771 million (approximately Rs. 2,000 crore), including VAT. The contract has a six-month execution period, with its financial impact expected to be reflected from Q4 FY27 through Q1 FY28.
EPIC is a Saudi Arabia-based manufacturer of Helical Submerged Arc Welded (HSAW) pipes. Its integrated manufacturing facilities and track record of executing large orders position it as a key supplier in the Saudi market, supporting the Kingdom’s Vision 2030 objectives.
Record Order Book & FY27 Growth Outlook
The latest Saudi Aramco order comes just a month after Welspun Corp secured its largest-ever order worth $1.8 billion, or nearly Rs. 17,200 crore, for pipe supplies from its US manufacturing facility. The order took its order book to a record Rs. 42,100 crore ($4.4 billion).
The company has guided for FY27 revenue of Rs. 20,000 crore and EBITDA of Rs. 2,850 crore. Following the mega order, MD & CEO Vipul Mathur said the company operates solely on fixed-price contracts and expects strong order flows, particularly from Saudi Arabia, during the year.
Financials & Others
Revenue from Operations increased by 14.92 percent YoY, from Rs. 3,551 crore in Q1 FY26 to Rs. 4,081 crore in Q1 FY27. It decreased by 5.38 percent QoQ, from Rs. 4,313 crore in Q4 FY26 to Rs. 4,081 crore in Q1 FY27.
Net Profit increased by 200.29 percent YoY, from Rs. 349 crore in Q1 FY26 to Rs. 1,048 crore in Q1 FY27. It also increased by 182.48 percent QoQ, from Rs. 371 crore in Q4 FY26 to Rs. 1,048 crore in Q1 FY27.
The company has a ROCE of 22.9% and ROE of 19.4%, reflecting healthy returns generated on the capital employed and shareholders’ equity. Its debt-to-equity ratio of 0.26 indicates relatively low leverage, while the PEG ratio of 0.26 suggests the stock’s valuation relative to its growth rate.
It has delivered strong profit growth at a CAGR of 20.9% over the last five years, highlighting consistent improvement in profitability. This sustained growth indicates that the company has been able to expand its earnings meaningfully over the longer term.
Welspun Corp Ltd is one of the biggest manufacturers of line pipes and steel products in the world. This corporation provides services to the oil & gas industry, water industry, and infrastructure industry. Products offered by Welspun Corp Ltd include welded line pipes, ductile iron pipes, stainless steel products, pig iron, and TMT rebars.
It is a global player in large-diameter line pipes with a strong presence across India, the USA, and KSA. Its product portfolio includes LSAW, Spiral and ERW pipes, along with ductile iron pipes, with manufacturing capabilities for pipes up to DN 2600 mm, placing it among the few plants globally with such capabilities.
The company also functions via Sintex, which is a national brand and is present all over India in water tanks and plastic pipes, whereas Welspun Specialty Solutions Limited (WSSL) is an integrated manufacturer of stainless steel used in various sectors like oil and gas, water transmission, power, nuclear, and aerospace.