Fundamental Analysis

WELSPUN CORP LTD.
Ticker : 532144
BUY: ₹234
Target: ₹263

Welspun Corp Ltd is one of the flagship companies of Welspun Group. It is a leading manufacturer of large diameter pipes globally, offering a one-stop solution for all line pipe-related requirements with its wide range of high-grade line pipes. On the consolidated quarterly front, the company recorded net sales and operating income of Rs 2,011.06 crore for Q4FY22, a 1.2 per cent degrowth as compared to Q4FY21. The operating profit ascended by 34.23 per cent to reach Rs 473.63 crore in Q4FY22 from Rs 352.84 crore posted in Q4FY21. The net profit was reported at Rs 250.57 crore in Q4FY22 from Rs 392.41 crore in Q4FY21, squeezing by 36.15 per cent. Recently, the company bagged the largest order in the company’s history worth approximately Rs 5,000 crore forthe supply of pipes in the United States. The management of the company is assertive of bigger opportunities in the mid-to-long term across global markets on the back of high energy prices and increasing demand scenarios. Hence, we recommend BUY.