Welspun Corp Limited
Welspun Corp Limited, together with its subsidiaries, manufactures, trades in, distributes, and sells steel pipes, tubes, bars, coils, and plates in India, the United States, and internationally. It operates through Steel Products and Others segments. The company offers carbon steel line pipes comprising longitudinal submerged arc welding, helically submerged arc welding, high frequency welding, … Read more
Welspun Corp Limited (WELCORP) - Net Assets
Latest net assets as of September 2025: ₹87.15 Billion INR
Based on the latest financial reports, Welspun Corp Limited (WELCORP) has net assets worth ₹87.15 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹165.39 Billion) and total liabilities (₹78.24 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹87.15 Billion |
| % of Total Assets | 52.69% |
| Annual Growth Rate | 18.58% |
| 5-Year Change | 83.6% |
| 10-Year Change | 163.73% |
| Growth Volatility | 37.42 |
Welspun Corp Limited - Net Assets Trend (2004–2025)
This chart illustrates how Welspun Corp Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Welspun Corp Limited (2004–2025)
The table below shows the annual net assets of Welspun Corp Limited from 2004 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹77.29 Billion | +34.78% |
| 2024-03-31 | ₹57.34 Billion | +18.38% |
| 2023-03-31 | ₹48.44 Billion | +6.99% |
| 2022-03-31 | ₹45.28 Billion | +7.55% |
| 2021-03-31 | ₹42.10 Billion | +30.35% |
| 2020-03-31 | ₹32.29 Billion | +15.64% |
| 2019-03-31 | ₹27.93 Billion | -4.06% |
| 2018-03-31 | ₹29.11 Billion | -0.42% |
| 2017-03-31 | ₹29.23 Billion | -0.26% |
| 2016-03-31 | ₹29.31 Billion | -7.12% |
| 2015-03-31 | ₹31.55 Billion | +3.17% |
| 2014-03-31 | ₹30.58 Billion | -49.14% |
| 2013-03-31 | ₹60.12 Billion | +35.52% |
| 2012-03-31 | ₹44.37 Billion | +20.82% |
| 2011-03-31 | ₹36.72 Billion | +26.57% |
| 2010-03-31 | ₹29.01 Billion | +86.00% |
| 2009-03-31 | ₹15.60 Billion | -0.48% |
| 2008-03-31 | ₹15.67 Billion | +137.31% |
| 2007-03-31 | ₹6.60 Billion | +31.65% |
| 2006-03-31 | ₹5.02 Billion | +71.29% |
| 2005-03-31 | ₹2.93 Billion | +35.75% |
| 2004-03-31 | ₹2.16 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Welspun Corp Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 5167620000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹51.68 Billion | 69.25% |
| Common Stock | ₹1.31 Billion | 1.76% |
| Other Comprehensive Income | ₹11.38 Billion | 15.25% |
| Other Components | ₹10.26 Billion | 13.75% |
| Total Equity | ₹74.63 Billion | 100.00% |
Welspun Corp Limited Competitors by Market Cap
The table below lists competitors of Welspun Corp Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dongguan Eontec Co Ltd
SHE:300328
|
$1.21 Billion |
|
Shurgard Self Storage S.A
PINK:SSSAF
|
$1.21 Billion |
|
Scatec ASA
PINK:STECF
|
$1.21 Billion |
|
CESC Limited
NSE:CESC
|
$1.21 Billion |
|
Lindsay Corporation
NYSE:LNN
|
$1.21 Billion |
|
MillerKnoll Inc
NASDAQ:MLKN
|
$1.21 Billion |
|
ONESOURCE SPECIALTY PHARMA LTD
NSE:ONESOURCE
|
$1.21 Billion |
|
Flow Traders Ltd.
PINK:FLTLF
|
$1.21 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Welspun Corp Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 56,162,900,000 to 74,627,200,000, a change of 18,464,300,000 (32.9%).
- Net income of 19,081,400,000 contributed positively to equity growth.
- Dividend payments of 1,309,400,000 reduced retained earnings.
- Share repurchases of 1,684,300,000 reduced equity.
- New share issuances of 1,597,000,000 increased equity.
- Other comprehensive income increased equity by 667,200,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹19.08 Billion | +25.57% |
| Dividends Paid | ₹1.31 Billion | -1.75% |
| Share Repurchases | ₹1.68 Billion | -2.26% |
| Share Issuances | ₹1.60 Billion | +2.14% |
| Other Comprehensive Income | ₹667.20 Million | +0.89% |
| Other Changes | ₹112.40 Million | +0.15% |
| Total Change | ₹- | 32.88% |
Book Value vs Market Value Analysis
This analysis compares Welspun Corp Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.88x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 37.24x to 2.88x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-03-31 | ₹21.87 | ₹814.40 | x |
| 2005-03-31 | ₹25.72 | ₹814.40 | x |
| 2006-03-31 | ₹35.75 | ₹814.40 | x |
| 2007-03-31 | ₹39.70 | ₹814.40 | x |
| 2008-03-31 | ₹84.22 | ₹814.40 | x |
| 2009-03-31 | ₹83.47 | ₹814.40 | x |
| 2010-03-31 | ₹133.07 | ₹814.40 | x |
| 2011-03-31 | ₹151.49 | ₹814.40 | x |
| 2012-03-31 | ₹147.13 | ₹814.40 | x |
| 2013-03-31 | ₹244.04 | ₹814.40 | x |
| 2014-03-31 | ₹108.36 | ₹814.40 | x |
| 2015-03-31 | ₹105.54 | ₹814.40 | x |
| 2016-03-31 | ₹106.23 | ₹814.40 | x |
| 2017-03-31 | ₹105.93 | ₹814.40 | x |
| 2018-03-31 | ₹107.61 | ₹814.40 | x |
| 2019-03-31 | ₹105.37 | ₹814.40 | x |
| 2020-03-31 | ₹121.76 | ₹814.40 | x |
| 2021-03-31 | ₹156.08 | ₹814.40 | x |
| 2022-03-31 | ₹169.27 | ₹814.40 | x |
| 2023-03-31 | ₹180.59 | ₹814.40 | x |
| 2024-03-31 | ₹214.03 | ₹814.40 | x |
| 2025-03-31 | ₹283.16 | ₹814.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Welspun Corp Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 25.57%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.65%
- • Asset Turnover: 0.92x
- • Equity Multiplier: 2.04x
- Recent ROE (25.57%) is above the historical average (12.39%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 33.36% | 8.70% | 1.41x | 2.72x | ₹504.04 Million |
| 2005 | 11.55% | 3.26% | 0.69x | 5.16x | ₹45.45 Million |
| 2006 | 12.23% | 3.35% | 0.79x | 4.61x | ₹112.09 Million |
| 2007 | 21.81% | 5.31% | 0.81x | 5.07x | ₹771.60 Million |
| 2008 | 21.74% | 8.53% | 0.71x | 3.58x | ₹1.84 Billion |
| 2009 | 13.69% | 3.72% | 0.68x | 5.40x | ₹575.47 Million |
| 2010 | 21.04% | 8.30% | 0.80x | 3.15x | ₹3.20 Billion |
| 2011 | 17.96% | 7.77% | 0.73x | 3.18x | ₹2.76 Billion |
| 2012 | 5.83% | 2.66% | 0.57x | 3.86x | ₹-1.71 Billion |
| 2013 | -1.24% | -0.77% | 0.54x | 2.99x | ₹-6.36 Billion |
| 2014 | 2.58% | 0.95% | 0.87x | 3.10x | ₹-2.12 Billion |
| 2015 | 2.47% | 0.82% | 0.86x | 3.51x | ₹-2.11 Billion |
| 2016 | 5.42% | 2.16% | 0.81x | 3.09x | ₹-1.28 Billion |
| 2017 | 0.94% | 0.47% | 0.68x | 2.94x | ₹-2.55 Billion |
| 2018 | 5.55% | 2.59% | 0.79x | 2.70x | ₹-1.27 Billion |
| 2019 | -0.47% | -0.15% | 1.06x | 2.93x | ₹-2.93 Billion |
| 2020 | 19.76% | 6.48% | 1.23x | 2.47x | ₹3.14 Billion |
| 2021 | 18.80% | 10.98% | 0.91x | 1.88x | ₹3.59 Billion |
| 2022 | 9.91% | 6.75% | 0.71x | 2.07x | ₹-40.21 Million |
| 2023 | 4.37% | 2.13% | 0.63x | 3.24x | ₹-2.67 Billion |
| 2024 | 19.77% | 6.40% | 1.46x | 2.11x | ₹5.49 Billion |
| 2025 | 25.57% | 13.65% | 0.92x | 2.04x | ₹11.62 Billion |
Industry Comparison
This section compares Welspun Corp Limited's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $2,077,213,375
- Average return on equity (ROE) among peers: 17.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Welspun Corp Limited (WELCORP) | ₹87.15 Billion | 33.36% | 0.90x | $1.21 Billion |
| Ankit Metal & Power Limited (ANKITMETAL) | $-100.86 Million | 0.00% | 0.00x | $722.48K |
| APL Apollo Tubes Limited (APLAPOLLO) | $24.64 Billion | 25.12% | 0.81x | $4.04 Billion |
| Ashoka Metcast Limited (ASHOKAMET) | $23.00K | 60.87% | 7947.74x | $1.75 Million |
| Bansal Wire Industries Ltd (BANSALWIRE) | $2.83 Billion | 21.21% | 1.65x | $84.98 Million |
| Bedmutha Industries Limited (BEDMUTHA) | $1.45 Billion | 17.08% | 3.51x | $8.02 Million |
| Bharat Wire Ropes Limited (BHARATWIRE) | $1.38 Billion | 0.97% | 2.02x | $61.29 Million |
| Electrotherm (India) Limited (ELECTHERM) | $-10.96 Billion | 0.00% | 0.00x | $31.33 Million |
| Gallantt Ispat Limited (GALLANTT) | $1.10 Billion | 27.96% | 1.96x | $327.71 Million |
| Grand Foundry Limited (GFSTEELS) | $-57.50 Million | 0.00% | 0.00x | $1.30 Million |
| Goodluck India Limited (GOODLUCK) | $490.54 Million | 25.50% | 2.98x | $163.26 Million |