Latest news with #LongitudinalSubmergedArcWelded
Mint
26-06-2025
- Business
- Mint
From ₹79 to ₹937: Welspun Corp delivers 1,075% multibagger returns in 5 years
Shares of Welspun Corp Limited, a key player in steel pipes and infrastructure solutions, have delivered multibagger returns to long-term investors. The stock soared 1,075 percent in the last five years, jumping from ₹ 79.75 in June 2020 to its recent close at ₹ 937.25. In three years, it gained nearly 340 percent, while in the last two years alone, the stock surged by 255 percent. An investment of ₹ 10,000 made in June 2020 would now be worth around ₹ 1.17 lakh. The stock's performance in the short term has also remained relatively robust. It climbed nearly 73 percent over the last 12 months and is up about 8 percent year-to-date in 2025. While the stock remained largely flat in June, inching up by just 0.1 percent, it had rallied 22 percent in May. This followed a nearly 12 percent correction in April after an 18 percent gain in March. In the initial months of the year, January and February, the stock declined by 9 percent and 0.7 percent, respectively. Welspun Corp hit a 52-week high of ₹ 994 on June 10 and a low of ₹ 664.30 on April 7. Financially, the company continues to impress. For the March 2025 quarter, Welspun Corp reported a consolidated net profit of ₹ 699.19 crore, marking a 143 percent increase from ₹ 287.28 crore in the same quarter of the previous year. However, revenue declined to ₹ 3,966.86 crore in Q4 FY25 from ₹ 4,543.70 crore in Q4 FY24. The reduction in expenses to ₹ 3,639.32 crore from ₹ 4,292.37 crore helped shore up profitability. For the full financial year ended March 2025, the company posted a total income of ₹ 14,167 crore, with a stellar 71.8 percent year-on-year growth in net profit to ₹ 1,908 crore. Operating EBITDA came in at ₹ 1,858 crore, with margins of 13.1 percent. Management has guided for a 25 percent year-on-year revenue growth in FY26, targeting ₹ 17,500 crore in revenue. EBITDA is also projected to rise 18 percent to ₹ 2,200 crore. The company expects to maintain a return on capital employed (RoCE) above 20 percent, reflecting disciplined and efficient capital use. Adding to its momentum, Welspun Corp recently secured a repeat export order for supplying 50 kilometers of Longitudinal Submerged Arc Welded (LSAW) Pipes and Bends for a major offshore project in the Middle East. Since May 7, 2025, the company has received export orders worth nearly ₹ 450 crore for its Indian pipe facilities, which will be executed across FY26 and FY27. Welspun Corp operates across steel and plastic product segments and has evolved into a diversified service provider. Its offerings include welded line pipes, ductile iron pipes, stainless steel pipes, tubes, and bars. The company also manufactures hot-rolled steel plates and coils. According to Systematix Institutional Equities, Welspun Corp remains a major player in the large-diameter pipe segment across India, the US, and Saudi Arabia, with a manufacturing capacity of 2.3 million tonnes. Systematix noted, 'Welspun's strategic foray into building materials is on track for a prolonged expansion phase and targets increasing Sintex's market share in water storage tanks to over 15 percent over the next 3-4 years.' The brokerage has initiated coverage with a 'Buy' rating and a sum-of-the-parts-based target price of ₹ 1,006 per share.
Mint
26-06-2025
- Business
- Mint
From ₹79 to ₹937: Welspun Corp delivers 1,075% multibagger returns in 5 years
Shares of Welspun Corp Limited, a key player in steel pipes and infrastructure solutions, have delivered multibagger returns to long-term investors. The stock soared 1,075 percent in the last five years, jumping from ₹ 79.75 in June 2020 to its recent close at ₹ 937.25. In three years, it gained nearly 340 percent, while in the last two years alone, the stock surged by 255 percent. An investment of ₹ 10,000 made in June 2020 would now be worth around ₹ 1.17 lakh. The stock's performance in the short term has also remained relatively robust. It climbed nearly 73 percent over the last 12 months and is up about 8 percent year-to-date in 2025. While the stock remained largely flat in June, inching up by just 0.1 percent, it had rallied 22 percent in May. This followed a nearly 12 percent correction in April after an 18 percent gain in March. In the initial months of the year, January and February, the stock declined by 9 percent and 0.7 percent, respectively. Welspun Corp hit a 52-week high of ₹ 994 on June 10 and a low of ₹ 664.30 on April 7. Financially, the company continues to impress. For the March 2025 quarter, Welspun Corp reported a consolidated net profit of ₹ 699.19 crore, marking a 143 percent increase from ₹ 287.28 crore in the same quarter of the previous year. However, revenue declined to ₹ 3,966.86 crore in Q4 FY25 from ₹ 4,543.70 crore in Q4 FY24. The reduction in expenses to ₹ 3,639.32 crore from ₹ 4,292.37 crore helped shore up profitability. For the full financial year ended March 2025, the company posted a total income of ₹ 14,167 crore, with a stellar 71.8 percent year-on-year growth in net profit to ₹ 1,908 crore. Operating EBITDA came in at ₹ 1,858 crore, with margins of 13.1 percent. Management has guided for a 25 percent year-on-year revenue growth in FY26, targeting ₹ 17,500 crore in revenue. EBITDA is also projected to rise 18 percent to ₹ 2,200 crore. The company expects to maintain a return on capital employed (RoCE) above 20 percent, reflecting disciplined and efficient capital use. Adding to its momentum, Welspun Corp recently secured a repeat export order for supplying 50 kilometers of Longitudinal Submerged Arc Welded (LSAW) Pipes and Bends for a major offshore project in the Middle East. Since May 7, 2025, the company has received export orders worth nearly ₹ 450 crore for its Indian pipe facilities, which will be executed across FY26 and FY27. Welspun Corp operates across steel and plastic product segments and has evolved into a diversified service provider. Its offerings include welded line pipes, ductile iron pipes, stainless steel pipes, tubes, and bars. The company also manufactures hot-rolled steel plates and coils. According to Systematix Institutional Equities, Welspun Corp remains a major player in the large-diameter pipe segment across India, the US, and Saudi Arabia, with a manufacturing capacity of 2.3 million tonnes. Systematix noted, 'Welspun's strategic foray into building materials is on track for a prolonged expansion phase and targets increasing Sintex's market share in water storage tanks to over 15 percent over the next 3-4 years.' The brokerage has initiated coverage with a 'Buy' rating and a sum-of-the-parts-based target price of ₹ 1,006 per share. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
05-06-2025
- Business
- Business Standard
Man Industries share price zooms 6% in trade today, June 5; here's why
Man Industries share price: Pipe maker Man Industries shares jumped up to 6.05 per cent to hit an intraday high of 418.45 However, at 1:40 PM, Man Industries shares were off highs, and were trading 1.55 per cent higher at 400.65 per share. In comparison, BSE Sensex was trading 0.44 per cent higher at 81,355.06 level. Why are Man Industries shares buzzing in trade today? Man Industries share prices were buzzing in trade after the company announced that it has secured an order worth approximately ₹1,150 crore from an international customer. In an exchange filing, Man Industries said, 'We are pleased to inform you that the company has received a new export order for approximately ₹1,150 crore. This order is expected to be delivered during the next 6 to 12 months.' 'This order significantly demonstrates the robust strength and market credibility in global markets and highlights Man Industries' growing reputation as a trusted supplier in the international pipeline industry,' Man Industries highlighted. According to the order details, the company will be responsible for supplying different types of pipes to a respected international customer. Notably, the work is expected to be completed within the next 6 to 12 months. Man Industries' total unexecuted order book now stands at approximately ₹3,500 crore, including today's order. 'The start of the year is proving exceptionally strong for Man Industries, highlighted by the multiple orders totalling approximately ₹3,500 crore. These are testimonial to our steadfast focus on delivering product excellence and timely deliveries. We expect this momentum to continue during the year, such projects are also testament to the prowess of Man Industries and our cutting-edge technological capabilities,' said Nikhil Mansukhani, managing director of Man Industries. The development, Man Industries believes, marks yet another milestone in the company's journey toward expanding its global presence and serving strategic infrastructure and energy sectors worldwide. About Man Industries Man Industries, the flagship company of the Man Group, was established by the Mansukhani family in 1970. Under the leadership of R C Mansukhani, the group began its journey as an aluminum extrusions manufacturer in 1988 and has since evolved into a key player in the global line pipe industry. Today, Man Industries is one of the leading manufacturers and exporters of large-diameter carbon steel pipes—including Longitudinal Submerged Arc Welded (LSAW), Helically Submerged Arc Welded (HSAW), and Electric Resistance Welded (ERW) pipes. These products are widely used in high-pressure transmission applications across the oil & gas, petrochemical, water, fertilizers, dredging, and city gas distribution (CGD) sectors. The company operates three state-of-the-art manufacturing facilities. Two are located in Anjar, Gujarat—one equipped with two LSAW and two HSAW lines, and another focused on ERW pipe production (both API and non-API). The third facility is in Pithampur, Madhya Pradesh. Combined, these units offer an installed capacity of over 1.18 million tonnes per annum (MTPA). To diversify its product portfolio, Man Industries is investing around ₹600 crore to set up new capacities. This includes a stainless-steel seamless pipe manufacturing unit in Jammu and a new integrated line pipe and coating facility in Dammam, Saudi Arabia, aimed at serving the growing Middle East market.
Zawya
10-02-2025
- Business
- Zawya
Saudi Steel Pipe subsidiary wins $243mln order for Aramco's carbon capture project
Saudi Steel Pipe Company announced on Monday that its consolidated subsidiary, Global Pipe Company, has been awarded an order valued at approximately 910 million Saudi riyals ($243 million) by Saudi Aramco for the supply of Longitudinal Submerged Arc Welded (LSAW) pipes. The company said in a stock exchange statement that the LSAW pipes are for Aramco's Accelerated Carbon Capture & Storage (CCS) hub project in Jubail in the Eastern Province. The duration of the contract is up to 15 months, the statement noted. In December 2024, Aramco had signed a shareholders' agreement with Linde, the world's largest industrial gases company, and top oilfield services firm SLB to set up one of the world's largest carbon capture and storage (CCS) hubs in Jubail. Phase 1 of the CCS will capture and store up to nine million metric tonnes per annum (MMtpa) of CO2 from three Aramco gas plants and other industrial sources, and is set to be completed by the end of 2027. (Writing by Anoop Menon; Editing by SA Kader) (
