Rs 8000 crore Order Book Propels Company to 775 per cent Proft Growth; Super Bullish Stock with 862 per cent Multibagger Returns, Don't miss this action!

Company has been maintaining a healthy dividend payout, Prominent investor Akash Bhansali has investment in this Stock.

The company demonstrated an exceptional financial performance, with a remarkable 107 per cent year-on-year growth in Total Revenue from Operations, reaching Rs 4,059 crores. Despite a 42 per cent decline in Other Income to Rs 102 crores, the Reported EBITDA witnessed an extraordinary surge of 994 per cent compared to the same period last year, standing at Rs 501 crores. The positive trend extends to the bottom line, as the Profit after Tax after factoring in minorities, associates, and JVs recorded a significant upswing of 775 per cent, totaling Rs 385 crores. The company's strategic partnerships are also contributing positively, as evidenced by an impressive 820 per cent YoY growth in the share of profit from Associates and JVs.

The company name is Welspun Corp Limited.

Update on Pipe Solutions and Building Materials

In the first half of fiscal year 2024, the line pipe businesses in India and the USA experienced a substantial 57 per cent year-on-year increase in sales volume, with an impressive order book of 611 thousand metric tons valued at approximately Rs 8,000 crore. Company saw steady improvement in DI Pipes sales where Steel Bars sales volume rose by more than 3 times and Pipes & Tubes sales volume grew by 46 per cent YoY. In building material company saw steady improvement, Sintex, WST sales volume for H1FY24 rose 16 per cent YoY basis.

Update on ESG

The company is focusing on increasing share of renewable energy across various segments as company aligned with UN Sustainable Development Goals through various social initiatives. The management’s strong focus on governance with 55 per cent Independent Directors with illustrious and diverse backgrounds. The female Gender ratio in the Board stands at 38 per cent.

Stock Performance

Welspun Corp has shown a remarkable performance in one-month and three-month periods reflecting substantial gains of 24.90 per cent and 45.34 per cent, respectively. The company's performance over the longer term is particularly noteworthy, as the one-year and three-year returns stand at an impressive 108.62 per cent and 379.22 per cent, showcasing consistent growth and investor confidence. The stock's maximum growth of 862.52 per cent underlines its capacity for significant appreciation over time.

The stock price has experienced a multi-year breakout by surpassing its 15-year high, marking a record-breaking move. The stock is currently trading at Rs 487.85, its all-time high price.

About Company

Welspun Corp Ltd. is one of the flagship companies of Welspun Group. It is a leading manufacturer of large-diameter pipes globally, offering a one-stop solution for all line pipe-related requirements with its wide range of high-grade line pipes.

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