Stock in Focus: Welspoon Corp Limited (WCL) has won a big order abroad. This order has been received by East Pipes Integrated Company for Industry (EPIC), a subsidiary of Welspoon Corp. EPIC is listed in Saudi Arabia. It has signed a major contract with Saudi Water Authority for the manufacturing and supply of steel pipes. EPIC has given this information to Saudi Stock Exchange.
Contract price and term
The total value of this contract is more than Saudi Riyal 485 million, which is equivalent to approximately ₹1,165 crore including value-added tax. The contract period is six months. Its financial impact is expected to be visible in the fourth quarter of FY2025-26 and the first quarter of FY2026-27.
What is EPIC’s business?
EPIC is a leading manufacturer of Helical Submerged Arc Welded (HSAW) Pipes in Saudi Arabia. It has fully integrated manufacturing facilities and a strong record of completing large orders on time. The company supports Saudi Arabia’s Vision 2030 goals.
Welspun Corp’s second quarter results
Welspun Corp’s consolidated net profit rose 53.2% year-on-year to ₹439 crore in the September quarter. It was ₹287 crore in the same period last year. Revenue grew 32.5% to ₹4,373 crore, from ₹3,301.8 crore a year ago.
EBITDA increased by 47.7% to ₹590.8 crore, compared to ₹400 crore last year. EBITDA margin also increased to 13.5%, up from 12.1% last year.
Status of Welspun Corp shares
Shares of Welspun Corp closed 3.59% lower at ₹797.70 on the BSE on Monday. The stock has fallen 12.83% in the last 1 month. At the same time, it has given a negative return of 16.72% in 6 months. However, the stock remained almost flat in 1 year. The market cap of the company is Rs 20.93 thousand crore.
What is the business of Welspun Corp?
Welspun Corp’s main business is manufacturing and supply of steel pipes. It is used in big sectors like oil and gas, water supply, infrastructure and construction. The company manufactures Helical Submerged Arc welded (HSAW), Longitudinal Submerged Arc welded (LSAW) and Electric Resistance welded (ERW) pipes.
It has modern manufacturing facilities in India, USA and Saudi Arabia. It supplies piping solutions worldwide. The company is known for completing large international projects, especially mega orders related to water and energy.
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