Welspun Specialty Solutions (WELSPLSOL)₹44.11−2.15%Iron & Steel Products
In the Jun 2026 quarter (standalone), Welspun Specialty Solutions reported sales of ₹194 Cr, down 3.8% from Jun 2025, and net profit of ₹5.17 Cr. For the year to Mar 2026, sales were ₹889 Cr and net profit ₹23.02 Cr.
Company filings, standalone accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 208 | 175 | 152 | 162 | 168 | 195 | 200 | 202 | 240 | 226 | 220 | 194 |
| Expenses | 196 | 163 | 139 | 151 | 165 | 187 | 191 | 197 | 225 | 209 | 209 | 183 |
| Operating Profit | 12.04 | 11.96 | 12.11 | 10.89 | 2.77 | 7.49 | 9.76 | 4.33 | 14.51 | 17.02 | 11.19 | 10.58 |
| OPM % | 5.8% | 6.8% | 8.0% | 6.7% | 1.7% | 3.9% | 4.9% | 2.2% | 6.1% | 7.5% | 5.1% | 5.5% |
| Other Income | 5.73 | 7.21 | 5.15 | 5.95 | 5.58 | 5.54 | 8.40 | 9.74 | 3.64 | 2.82 | 1.86 | 3.81 |
| Interest | 8.61 | 9.08 | 7.16 | 10.27 | 10.58 | 12.36 | 10.70 | 10.79 | 4.35 | 5.89 | 4.74 | 5.17 |
| Depreciation | 3.90 | 3.92 | 3.89 | 3.91 | 4.08 | 4.22 | 4.02 | 3.97 | 4.09 | 4.37 | 4.32 | 4.42 |
| Profit before tax | 5.18 | 6.07 | 6.13 | 2.59 | −6.32 | −3.59 | 3.37 | −0.74 | 9.62 | 9.47 | 3.93 | 4.72 |
| Tax % | 0.0% | 0.0% | −549.9% | 24.9% | 0.0% | 0.0% | −5.4% | 0.0% | 0.0% | 0.0% | −7.9% | −8.9% |
| Net Profit | 5.21 | 6.11 | 40.05 | 1.96 | −6.36 | −3.61 | 3.57 | −0.76 | 9.66 | 9.52 | 4.27 | 5.17 |
| EPS (Rs) | 0.09 | 0.10 | 0.61 | 0.04 | −0.11 | −0.06 | 0.06 | −0.02 | 0.16 | 0.15 | 0.07 | 0.09 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 268 | 263 | 241 | 442 | 296 | 93.14 | 163 | 419 | 698 | 725 | 889 | 881 |
| Expenses | 280 | 277 | 251 | 478 | 366 | 113 | 182 | 401 | 642 | 694 | 840 | 826 |
| Operating Profit | −13.03 | −15.04 | −11.04 | −36.12 | −71.27 | −20.06 | −18.07 | 17.05 | 56.18 | 31.10 | 47.14 | 53.30 |
| OPM % | −4.8% | −6.0% | −4.5% | −8.0% | −23.9% | −21.0% | −11.0% | 4.0% | 8.1% | 4.3% | 5.0% | 6.1% |
| Other Income | 5.02 | 9.03 | 10.04 | 32.13 | 15.05 | 139 | 19.08 | 15.04 | 22.06 | 25.10 | 18.07 | 12.13 |
| Interest | 45.94 | 44.90 | 46.97 | 8.99 | 14.98 | 10.99 | 18.96 | 29.94 | 32.98 | 43.96 | 25.94 | 20.15 |
| Depreciation | 7.01 | 7.01 | 7.01 | 6.99 | 10.01 | 14.01 | 14.01 | 15.01 | 15.01 | 16.02 | 17.02 | 17.20 |
| Profit before tax | −59.75 | −57.75 | −54.75 | −19.91 | −80.63 | 92.67 | −31.85 | −13.95 | 28.88 | −3.99 | 21.90 | 27.74 |
| Tax % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | −118.1% | 2.0% | −1.0% | — |
| Exceptional items | 2.99 | 2.99 | 5.99 | 27.95 | 10.98 | 137 | 0.00 | 0.00 | 0.00 | 0.00 | 0.99 | — |
| Net Profit | −60.09 | −58.02 | −55.08 | −20.02 | −81.02 | 93.05 | −32.03 | −14.01 | 62.03 | −4.01 | 23.02 | 28.62 |
| EPS (Rs) | −4.44 | −4.32 | −4.03 | −0.47 | −1.34 | 1.42 | −0.50 | −0.22 | 0.95 | −0.07 | 0.35 | 0.47 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 64.90 | 64.92 | 64.91 | 64.92 | 208 | 293 | 317 | 318 | 317 | 318 | 398 | 397 |
| Reserves | −264 | −304 | −510 | −390 | −419 | −398 | −279 | −273 | −289 | −225 | 36.95 | 58.92 |
| Borrowings | 416 | 418 | 607 | 800 | 410 | 374 | 172 | 241 | 233 | 260 | 21.02 | 35.02 |
| Other Liabilities | 76.97 | 67.76 | 50.12 | 106 | 213 | 59.87 | 89.42 | 87.77 | 214 | 235 | 274 | 380 |
| Total Liabilities | 293 | 246 | 212 | 582 | 412 | 329 | 300 | 372 | 477 | 587 | 729 | 872 |
| Fixed Assets | 123 | 118 | 110 | 105 | 100 | 219 | 224 | 212 | 207 | 198 | 195 | 200 |
| CWIP | 0.99 | 0.00 | 0.00 | 6.98 | 84.78 | 11.96 | 4.99 | 5.99 | 0.99 | 4.98 | 1.99 | 50.82 |
| Investments | 0.00 | 0.00 | 0.00 | 67.05 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 24.03 | 144 |
| Other Assets | 169 | 129 | 101 | 402 | 227 | 99.13 | 71.04 | 154 | 268 | 384 | 507 | 476 |
| Inventories | 44.92 | 45.98 | 43.97 | 65.90 | 119 | 70.96 | 53.93 | 114 | 198 | 269 | 243 | 258 |
| Trade receivables | 66.20 | 65.15 | 42.12 | 80.20 | 71.16 | 10.03 | 10.02 | 15.04 | 41.09 | 49.17 | 124 | 143 |
| Cash & equivalents | 10.96 | 3.99 | 3.98 | 243 | 10.96 | 2.99 | 0.99 | 5.98 | 0.99 | 0.99 | 72.74 | 11.95 |
| Total Assets | 293 | 246 | 212 | 582 | 412 | 329 | 300 | 372 | 477 | 587 | 729 | 872 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | −14.95 | 24.91 | 17.95 | −4.98 | −1.99 | −26.93 | 42.85 | −83.75 | 49.83 | 6.98 | 57.84 | 128 |
| Cash from investing activity | −1.99 | −0.99 | 3.99 | −73.76 | −17.92 | −47.81 | −8.96 | −3.98 | −4.98 | −11.95 | −38.88 | −176 |
| Cash from financing activity | 14.01 | −24.98 | −24.01 | 320 | −222 | 73.99 | −33.97 | 92.99 | −49.99 | 4.99 | 53.01 | −11.99 |
| Net cash flow | −3.01 | −1.01 | −2.01 | 241 | −243 | 0.00 | 0.00 | 5.01 | −4.99 | 0.00 | 72.04 | −61.05 |
| Capex | 1.99 | 0.99 | 0.00 | 10.97 | 82.76 | 55.78 | 11.96 | 3.99 | 5.98 | 12.95 | 15.95 | 60.76 |
| Free cash flow | −17.04 | 24.05 | 18.02 | −17.04 | −82.21 | −83.09 | 31.06 | −88.10 | 45.05 | −5.01 | 42.07 | 67.11 |
| CFO / OP % | 166.0% | −195.9% | −116.9% | 48.0% | 6.0% | 38.1% | −210.0% | 450.1% | 291.1% | 14.1% | 189.1% | 274.1% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 74 | 90 | 59 | 123 | 60 | 14 | 41 | 35 | 37 | 26 | 63 | 60 |
| Inventory days | 73 | 105 | 120 | 178 | 158 | 111 | 336 | 430 | 288 | 222 | 188 | 152 |
| Days payable | 101 | 130 | 93 | 202 | 169 | 65 | 116 | 255 | 291 | 173 | 201 | 214 |
| Cash conversion cycle | 46 | 65 | 86 | 99 | 50 | 60 | 261 | 211 | 34 | 76 | 51 | −2 |
| Working capital days | −93 | −17 | −88 | −406 | −127 | −151 | 100 | 137 | 33 | −10 | 61 | 6 |
| ROCE % | −8.1% | −9.1% | −9.1% | −4.0% | −12.0% | −33.0% | −13.1% | −6.0% | 6.0% | 19.9% | 9.9% | 10.0% |
For the Jun 2026 quarter, Welspun Specialty Solutions reported sales of ₹194 Cr, down 3.8% year on year and net profit of ₹5.17 Cr. The operating margin was 5.5%.
Welspun Specialty Solutions' sales for the year to Mar 2026 were ₹889 Cr; over the last twelve months they were ₹881 Cr.
Net profit for the year to Mar 2026 was ₹23.02 Cr, and ₹28.62 Cr over the last twelve months. Earnings per share over the same trailing period were ₹0.47.
Welspun Specialty Solutions reported borrowings of ₹35.02 Cr at Mar 2026, against cash and equivalents of ₹11.95 Cr.
Cash from operations was ₹128 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹67.11 Cr.