Rs 4,221 crore Order Book: This Stainless Steel Company Bags Order Worth Rs 232 crore from BHEL

With a market capitalisation of Rs 2,073 crore and a PE ratio of 64.7x, the company trades at a premium compared to the industry PE of 22.8x.

Welspun Specialty Solutions Limited (WSSL) has been notified as L1 bidder by Bharat Heavy Electricals Limited (BHEL, Trichy) for supply of approx 4,050 tons of Stainless steel Seamless Boiler Tubes for series of Super critical Thermal Power Projects. Formal contract will be released after internal approval process at BHEL.

WSSL had participated in the said tender after stringent assessment and subsequent approval by BHEL.

The total supply contract value will be Rs. 231.77 Crores (excluding GST).

Welspun Specialty Solutions Limited's shares surged over 4 per cent following the above information. Earlier the company has successfully completed its rights issue where a total number of Rights Equity Shares and the Rights Issue size was 13,25,22,289 each for an amount aggregating up to Rs 349.86 crore. Rights Issue Price was Rs 26.40 per Rights Equity Share (including a premium of Rs 20.40 per Rights Equity Share) and it had its Record date on March 01, 2025.

In the Quarterly Results of Q3 FY25, the company has reported sales of Rs 196.04 crore, which was 11.04 per cent more than the same period last year. 

About Company

Welspun Specialty Solutions is fully Integrated Manufacturing Facility for Stainless Steel Long Products and Seamless Pipes & Tubes spread over an area of 126 acres in Jhagadia, Gujarat.

With a market capitalisation of Rs 2,073 crore and a PE ratio of 64.7x, the company trades at a premium compared to the industry PE of 22.8x. The company has ROCE of 20 per cent and ROE of 102 per cent.

Investors should keep an eye on this Small-Cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.