Welspun Corp Limited (WELCORP) - Net Assets

Latest as of September 2025: Rs87.15 Billion INR ≈ $942.50 Million USD

Based on the latest financial reports, Welspun Corp Limited (WELCORP) has net assets worth Rs87.15 Billion INR (≈ $942.50 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs165.39 Billion ≈ $1.79 Billion USD) and total liabilities (Rs78.24 Billion ≈ $846.10 Million USD). 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. Check financial resilience of Welspun Corp Limited to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs87.15 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. Also explore WELCORP current and non-current assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see market cap of Welspun Corp Limited.

Year	Net Assets	Change
2025-03-31	Rs77.29 Billion ≈ $835.83 Million	+34.78%
2024-03-31	Rs57.34 Billion ≈ $620.16 Million	+18.38%
2023-03-31	Rs48.44 Billion ≈ $523.88 Million	+6.99%
2022-03-31	Rs45.28 Billion ≈ $489.64 Million	+7.55%
2021-03-31	Rs42.10 Billion ≈ $455.24 Million	+30.35%
2020-03-31	Rs32.29 Billion ≈ $349.24 Million	+15.64%
2019-03-31	Rs27.93 Billion ≈ $302.01 Million	-4.06%
2018-03-31	Rs29.11 Billion ≈ $314.77 Million	-0.42%
2017-03-31	Rs29.23 Billion ≈ $316.11 Million	-0.26%
2016-03-31	Rs29.31 Billion ≈ $316.93 Million	-7.12%
2015-03-31	Rs31.55 Billion ≈ $341.21 Million	+3.17%
2014-03-31	Rs30.58 Billion ≈ $330.72 Million	-49.14%
2013-03-31	Rs60.12 Billion ≈ $650.21 Million	+35.52%
2012-03-31	Rs44.37 Billion ≈ $479.80 Million	+20.82%
2011-03-31	Rs36.72 Billion ≈ $397.10 Million	+26.57%
2010-03-31	Rs29.01 Billion ≈ $313.74 Million	+86.00%
2009-03-31	Rs15.60 Billion ≈ $168.68 Million	-0.48%
2008-03-31	Rs15.67 Billion ≈ $169.49 Million	+137.31%
2007-03-31	Rs6.60 Billion ≈ $71.42 Million	+31.65%
2006-03-31	Rs5.02 Billion ≈ $54.25 Million	+71.29%
2005-03-31	Rs2.93 Billion ≈ $31.67 Million	+35.75%
2004-03-31	Rs2.16 Billion ≈ $23.33 Million	--

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	Rs51.68 Billion	69.25%
Common Stock	Rs1.31 Billion	1.76%
Other Comprehensive Income	Rs11.38 Billion	15.25%
Other Components	Rs10.26 Billion	13.75%
Total Equity	Rs74.63 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
Cleanaway Waste Management Ltd AU:CWY	$3.53 Billion
Fulton Financial Corporation NASDAQ:FULT	$3.54 Billion
SpringWorks Therapeutics Inc NASDAQ:SWTX	$3.54 Billion
Cal-Maine Foods Inc NASDAQ:CALM	$3.54 Billion
K.P.R. Mill Limited NSE:KPRMILL	$3.53 Billion
Kimberly-Clark de México S. A. B. de C. V MX:KIMBERA	$3.53 Billion
Constellium SE F:3OK	$3.53 Billion
Box Inc NYSE:BOX	$3.53 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	Rs19.08 Billion	+25.57%
Dividends Paid	Rs1.31 Billion	-1.75%
Share Repurchases	Rs1.68 Billion	-2.26%
Share Issuances	Rs1.60 Billion	+2.14%
Other Comprehensive Income	Rs667.20 Million	+0.89%
Other Changes	Rs112.40 Million	+0.15%
Total Change	Rs-	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: 4.38x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 56.64x to 4.38x 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	Rs21.87	Rs1238.90	x
2005-03-31	Rs25.72	Rs1238.90	x
2006-03-31	Rs35.75	Rs1238.90	x
2007-03-31	Rs39.70	Rs1238.90	x
2008-03-31	Rs84.22	Rs1238.90	x
2009-03-31	Rs83.47	Rs1238.90	x
2010-03-31	Rs133.07	Rs1238.90	x
2011-03-31	Rs151.49	Rs1238.90	x
2012-03-31	Rs147.13	Rs1238.90	x
2013-03-31	Rs244.04	Rs1238.90	x
2014-03-31	Rs108.36	Rs1238.90	x
2015-03-31	Rs105.54	Rs1238.90	x
2016-03-31	Rs106.23	Rs1238.90	x
2017-03-31	Rs105.93	Rs1238.90	x
2018-03-31	Rs107.61	Rs1238.90	x
2019-03-31	Rs105.37	Rs1238.90	x
2020-03-31	Rs121.76	Rs1238.90	x
2021-03-31	Rs156.08	Rs1238.90	x
2022-03-31	Rs169.27	Rs1238.90	x
2023-03-31	Rs180.59	Rs1238.90	x
2024-03-31	Rs214.03	Rs1238.90	x
2025-03-31	Rs283.16	Rs1238.90	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	Rs504.04 Million
2005	11.55%	3.26%	0.69x	5.16x	Rs45.45 Million
2006	12.23%	3.35%	0.79x	4.61x	Rs112.09 Million
2007	21.81%	5.31%	0.81x	5.07x	Rs771.60 Million
2008	21.74%	8.53%	0.71x	3.58x	Rs1.84 Billion
2009	13.69%	3.72%	0.68x	5.40x	Rs575.47 Million
2010	21.04%	8.30%	0.80x	3.15x	Rs3.20 Billion
2011	17.96%	7.77%	0.73x	3.18x	Rs2.76 Billion
2012	5.83%	2.66%	0.57x	3.86x	Rs-1.71 Billion
2013	-1.24%	-0.77%	0.54x	2.99x	Rs-6.36 Billion
2014	2.58%	0.95%	0.87x	3.10x	Rs-2.12 Billion
2015	2.47%	0.82%	0.86x	3.51x	Rs-2.11 Billion
2016	5.42%	2.16%	0.81x	3.09x	Rs-1.28 Billion
2017	0.94%	0.47%	0.68x	2.94x	Rs-2.55 Billion
2018	5.55%	2.59%	0.79x	2.70x	Rs-1.27 Billion
2019	-0.47%	-0.15%	1.06x	2.93x	Rs-2.93 Billion
2020	19.76%	6.48%	1.23x	2.47x	Rs3.14 Billion
2021	18.80%	10.98%	0.91x	1.88x	Rs3.59 Billion
2022	9.91%	6.75%	0.71x	2.07x	Rs-40.21 Million
2023	4.37%	2.13%	0.63x	3.24x	Rs-2.67 Billion
2024	19.77%	6.40%	1.46x	2.11x	Rs5.49 Billion
2025	25.57%	13.65%	0.92x	2.04x	Rs11.62 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: $6,487,210,470
Average return on equity (ROE) among peers: 8.48%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Welspun Corp Limited (WELCORP)	Rs87.15 Billion	33.36%	0.90x	$3.53 Billion
Ankit Metal & Power Limited (ANKITMETAL)	$-100.86 Million	0.00%	0.00x	$2.53 Million
APL Apollo Tubes Limited (APLAPOLLO)	$42.09 Billion	17.99%	0.80x	$5.62 Billion
Bansal Wire Industries Ltd (BANSALWIRE)	$12.69 Billion	11.40%	0.71x	$479.82 Million
Bedmutha Industries Limited (BEDMUTHA)	$1.27 Billion	-6.80%	3.37x	$36.99 Million
Bharat Wire Ropes Limited (BHARATWIRE)	$1.38 Billion	0.97%	2.02x	$173.92 Million
Electrotherm (India) Limited (ELECTHERM)	$352.75 Million	38.28%	3.46x	$111.00 Million
Grand Foundry Limited (GFSTEELS)	$-57.50 Million	0.00%	0.00x	$4.07 Million
Goodluck India Limited (GOODLUCK)	$2.55 Billion	8.60%	2.18x	$467.44 Million
Godawari Power And Ispat limited (GPIL)	$4.56 Billion	13.49%	0.95x	$2.14 Billion
Hariom Pipe Industries Limited (HARIOMPIPE)	$134.72 Million	0.90%	2.02x	$108.47 Million

About Welspun Corp Limited

NSE:WELCORP India Steel

Market Cap

$3.53 Billion

Rs326.70 Billion INR

Market Cap Rank

#4468 Global

#190 in India

Share Price

Rs1238.90

Change (1 day)

-2.20%

52-Week Range

Rs721.85 - Rs1267.30

All Time High

Rs1267.30