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Recent events
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News
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Corporate Actions
India's Welspun Specialty rises after being declared lowest bidder for BHEL contract
** Shares of Welspun Specialty Solutions WELU.BO rise 4.4% to 31.30 rupees after a five-session losing streak
** Steel products maker says declared lowest bidder to supply 4,050 tons of stainless steel seamless boiler tubes to Bharat Heavy Electricals BHEL.NS
** Says total contract value 2.32 bln rupees ($26.6 mln)
** WELU down ~25% so far in 2025 after gaining 12.9% last year
($1 = 87.0800 Indian rupees)
(Reporting by Vijay Malkar)
(([email protected];))
** Shares of Welspun Specialty Solutions WELU.BO rise 4.4% to 31.30 rupees after a five-session losing streak
** Steel products maker says declared lowest bidder to supply 4,050 tons of stainless steel seamless boiler tubes to Bharat Heavy Electricals BHEL.NS
** Says total contract value 2.32 bln rupees ($26.6 mln)
** WELU down ~25% so far in 2025 after gaining 12.9% last year
($1 = 87.0800 Indian rupees)
(Reporting by Vijay Malkar)
(([email protected];))
Welspun Specialty Solutions Notified As Lowest Bidder By BHEL
March 4 (Reuters) - Welspun Specialty Solutions Ltd WELU.BO:
WELSPUN SPECIALTY SOLUTIONS LTD - NOTIFIED AS LOWEST BIDDER BY BHEL
WELSPUN SPECIALTY SOLUTIONS LTD - SUPPLY CONTRACT VALUE APPROXIMATELY 2.32 BILLION RUPEES
Source text: ID:nBSE61Pt7
Further company coverage: WELU.BO
(([email protected];;))
March 4 (Reuters) - Welspun Specialty Solutions Ltd WELU.BO:
WELSPUN SPECIALTY SOLUTIONS LTD - NOTIFIED AS LOWEST BIDDER BY BHEL
WELSPUN SPECIALTY SOLUTIONS LTD - SUPPLY CONTRACT VALUE APPROXIMATELY 2.32 BILLION RUPEES
Source text: ID:nBSE61Pt7
Further company coverage: WELU.BO
(([email protected];;))
Welspun Specialty Solutions Approves Rights Issue Of Equity Shares Up To 3.50 Billion Rupees
Feb 24 (Reuters) - Welspun Specialty Solutions Ltd WELU.BO:
WELSPUN SPECIALTY SOLUTIONS LTD - APPROVES RIGHTS ISSUE OF EQUITY SHARES UP TO 3.50 BILLION RUPEES
Source text: ID:nBSE2qWb4l
Further company coverage: WELU.BO
(([email protected];;))
Feb 24 (Reuters) - Welspun Specialty Solutions Ltd WELU.BO:
WELSPUN SPECIALTY SOLUTIONS LTD - APPROVES RIGHTS ISSUE OF EQUITY SHARES UP TO 3.50 BILLION RUPEES
Source text: ID:nBSE2qWb4l
Further company coverage: WELU.BO
(([email protected];;))
Welspun Specialty Solutions Sept-Quarter Net Loss 63.5 Mln Rupees
Oct 22 (Reuters) - Welspun Specialty Solutions Ltd WELU.BO:
SEPT-QUARTER NET LOSS 63.5 MILLION RUPEES
SEPT-QUARTER REVENUE FROM OPERATIONS 1.67 BILLION RUPEES
Source text for Eikon: ID:nBSE3KCZ4r
Further company coverage: WELU.BO
(([email protected];;))
Oct 22 (Reuters) - Welspun Specialty Solutions Ltd WELU.BO:
SEPT-QUARTER NET LOSS 63.5 MILLION RUPEES
SEPT-QUARTER REVENUE FROM OPERATIONS 1.67 BILLION RUPEES
Source text for Eikon: ID:nBSE3KCZ4r
Further company coverage: WELU.BO
(([email protected];;))
Welspun Specialty Solutions June-Quarter Net Profit 19.5 Million Rupees
July 23 (Reuters) - Welspun Specialty Solutions Ltd WELU.BO:
WELSPUN SPECIALTY SOLUTIONS JUNE-QUARTER NET PROFIT 19.5 MILLION RUPEES
WELSPUN SPECIALTY SOLUTIONS JUNE-QUARTER REVENUE FROM OPERATIONS 1.62 BILLION RUPEES
Source text for Eikon: ID:nBSE2xcfgw
Further company coverage: WELU.BO
(([email protected];))
July 23 (Reuters) - Welspun Specialty Solutions Ltd WELU.BO:
WELSPUN SPECIALTY SOLUTIONS JUNE-QUARTER NET PROFIT 19.5 MILLION RUPEES
WELSPUN SPECIALTY SOLUTIONS JUNE-QUARTER REVENUE FROM OPERATIONS 1.62 BILLION RUPEES
Source text for Eikon: ID:nBSE2xcfgw
Further company coverage: WELU.BO
(([email protected];))
Welspun Specialty Solutions Gets Contract Worth 1.17 Billion Rupees
July 1 (Reuters) - Welspun Specialty Solutions Ltd WELU.BO:
CONTRACT AWARDED FOR SUPPLY OF SEAMLESS STAINLESS STEEL BOILER TUBES
FINAL VALUE OF CONTRACT IS 1.17 BILLION RUPEES
Further company coverage: WELU.BO
(([email protected];))
July 1 (Reuters) - Welspun Specialty Solutions Ltd WELU.BO:
CONTRACT AWARDED FOR SUPPLY OF SEAMLESS STAINLESS STEEL BOILER TUBES
FINAL VALUE OF CONTRACT IS 1.17 BILLION RUPEES
Further company coverage: WELU.BO
(([email protected];))
India's Welspun Specialty surges after 1.17 bln rupee order win
** Shares of Welspun Specialty Solutions WELU.BO up 13.6% at 42.98 rupees
** Steel products maker wins bid for 1.17 billion rupee ($14 mln) steel tube order
** Stock set for best day since Aug. 1, 2023, if gains hold
** Around 1.7 mln shares traded, 6.8x 30-day avg volume
** Stock extends YTD gains to 8%
($1 = 83.5225 Indian rupees)
(Reporting by Nandan Mandayam in Bengaluru)
(([email protected]; Mobile: +91 9591011727;))
** Shares of Welspun Specialty Solutions WELU.BO up 13.6% at 42.98 rupees
** Steel products maker wins bid for 1.17 billion rupee ($14 mln) steel tube order
** Stock set for best day since Aug. 1, 2023, if gains hold
** Around 1.7 mln shares traded, 6.8x 30-day avg volume
** Stock extends YTD gains to 8%
($1 = 83.5225 Indian rupees)
(Reporting by Nandan Mandayam in Bengaluru)
(([email protected]; Mobile: +91 9591011727;))
Welspun Specialty Solutions Gets Orders For 100 Mln Rupees
Dec 14 (Reuters) - Welspun Specialty Solutions Ltd WELU.BO:
RECEIVED ORDERS FOR AGGREGATIVE AMOUNT OF 100 MILLION RUPEES
Source text for Eikon: ID:nBSE4BWrfM
Further company coverage: WELU.BO
(([email protected];))
Dec 14 (Reuters) - Welspun Specialty Solutions Ltd WELU.BO:
RECEIVED ORDERS FOR AGGREGATIVE AMOUNT OF 100 MILLION RUPEES
Source text for Eikon: ID:nBSE4BWrfM
Further company coverage: WELU.BO
(([email protected];))
Welspun Specialty Solutions Got Orders For 158.7 Mln Rupees
Nov 29 (Reuters) - Welspun Specialty Solutions Ltd WELU.BO:
GOT ORDERS FOR 158.7 MILLION RUPEES
Source text for Eikon: ID:nBSE5wP3YT
Further company coverage: WELU.BO
(([email protected];;))
Nov 29 (Reuters) - Welspun Specialty Solutions Ltd WELU.BO:
GOT ORDERS FOR 158.7 MILLION RUPEES
Source text for Eikon: ID:nBSE5wP3YT
Further company coverage: WELU.BO
(([email protected];;))
India's Welspun Specialty Solutions Posts Sept-Quarter Net Profit
Oct 27 (Reuters) - Welspun Specialty Solutions Ltd WELU.BO:
INDIA'S WELSPUN SPECIALTY SOLUTIONS LTD SEPT-QUARTER NET PROFIT 52 MILLION RUPEES VERSUS LOSS 107.1 MILLION RUPEES
WELSPUN SPECIALTY SOLUTIONS LTD SEPT-QUARTER REVENUE FROM OPERATIONS 2.08 BILLION RUPEES VERSUS 870.9 MILLION RUPEES
Source text for Eikon: ID:nBSEbBN73W
Further company coverage: WELU.BO
(([email protected];))
Oct 27 (Reuters) - Welspun Specialty Solutions Ltd WELU.BO:
INDIA'S WELSPUN SPECIALTY SOLUTIONS LTD SEPT-QUARTER NET PROFIT 52 MILLION RUPEES VERSUS LOSS 107.1 MILLION RUPEES
WELSPUN SPECIALTY SOLUTIONS LTD SEPT-QUARTER REVENUE FROM OPERATIONS 2.08 BILLION RUPEES VERSUS 870.9 MILLION RUPEES
Source text for Eikon: ID:nBSEbBN73W
Further company coverage: WELU.BO
(([email protected];))
Welspun Specialty Solutions Says Received Orders Of About 126.4 Million Rupees
Oct 6 (Reuters) - Welspun Specialty Solutions Ltd WELU.BO:
RECEIVED ORDERS FOR AGGREGATIVE AMOUNT OF 126.4 MILLION RUPEES
Source text for Eikon: ID:nBSEbzBnnS
Further company coverage: WELU.BO
(([email protected];))
Oct 6 (Reuters) - Welspun Specialty Solutions Ltd WELU.BO:
RECEIVED ORDERS FOR AGGREGATIVE AMOUNT OF 126.4 MILLION RUPEES
Source text for Eikon: ID:nBSEbzBnnS
Further company coverage: WELU.BO
(([email protected];))
Welspun Specialty Solutions Got Orders Worth 210 Mln Rupees
Sept 26 (Reuters) - Welspun Specialty Solutions Ltd WELU.BO:
GOT ORDERS WORTH 210 MILLION RUPEES
Source text for Eikon: ID:nBSE13NSMd
Further company coverage: WELU.BO
(([email protected];;))
Sept 26 (Reuters) - Welspun Specialty Solutions Ltd WELU.BO:
GOT ORDERS WORTH 210 MILLION RUPEES
Source text for Eikon: ID:nBSE13NSMd
Further company coverage: WELU.BO
(([email protected];;))
Welspun Specialty Solutions Gets Orders For 370 Mln Rupees For Supply Of Stainless Steel Bars
Aug 7 (Reuters) - Welspun Specialty Solutions Ltd WELU.BO:
GETS ORDERS FOR 370 MILLION RUPEES FOR SUPPLY OF STAINLESS STEEL BARS FROM A DOMESTIC CUSTOMER
ORDER IS EXPECTED TO BE EXECUTED BY END OF OCTOBER 2023
Source text for Eikon: ID:nBSEV6N7K
Further company coverage: WELU.BO
(([email protected];))
Aug 7 (Reuters) - Welspun Specialty Solutions Ltd WELU.BO:
GETS ORDERS FOR 370 MILLION RUPEES FOR SUPPLY OF STAINLESS STEEL BARS FROM A DOMESTIC CUSTOMER
ORDER IS EXPECTED TO BE EXECUTED BY END OF OCTOBER 2023
Source text for Eikon: ID:nBSEV6N7K
Further company coverage: WELU.BO
(([email protected];))
Welspun Specialty Solutions Posts June-Quarter Profit Vs Loss Yr Ago
July 27 (Reuters) - Welspun Specialty Solutions Ltd WELU.BO:
WELSPUN SPECIALTY SOLUTIONS LTD JUNE-QUARTER NET PROFIT 111.4 MILLION RUPEES VERSUS LOSS 79.6 MILLION RUPEES
WELSPUN SPECIALTY SOLUTIONS LTD JUNE-QUARTER REVENUE FROM OPERATIONS 1.63 BILLION RUPEES VERSUS 817.6 MILLION RUPEES
Source text for Eikon: ID:nBSE3pnxP3
Further company coverage: WELU.BO
(([email protected];))
July 27 (Reuters) - Welspun Specialty Solutions Ltd WELU.BO:
WELSPUN SPECIALTY SOLUTIONS LTD JUNE-QUARTER NET PROFIT 111.4 MILLION RUPEES VERSUS LOSS 79.6 MILLION RUPEES
WELSPUN SPECIALTY SOLUTIONS LTD JUNE-QUARTER REVENUE FROM OPERATIONS 1.63 BILLION RUPEES VERSUS 817.6 MILLION RUPEES
Source text for Eikon: ID:nBSE3pnxP3
Further company coverage: WELU.BO
(([email protected];))
Welspun Specialty Solutions Receives An Order Valued At 136.5 Million Rupees For Supply Of Stainless Steel Bars
July 24 (Reuters) - Welspun Specialty Solutions Ltd WELU.BO:
RECEIVED AN ORDER VALUED AT 136.5 MILLION RUPEES FOR SUPPLY OF STAINLESS STEEL BARS
Source text for Eikon: ID:nBSEFfRQk
Further company coverage: WELU.BO
(([email protected];))
July 24 (Reuters) - Welspun Specialty Solutions Ltd WELU.BO:
RECEIVED AN ORDER VALUED AT 136.5 MILLION RUPEES FOR SUPPLY OF STAINLESS STEEL BARS
Source text for Eikon: ID:nBSEFfRQk
Further company coverage: WELU.BO
(([email protected];))
India's Welspun Specialty Solutions March-Quarter Net Profit Rises
May 24 (Reuters) - Welspun Specialty Solutions Ltd WELU.BO:
INDIA'S WELSPUN SPECIALTY SOLUTIONS MARCH-QUARTER NET PROFIT 80.6 MILLION RUPEES VERSUS 19.7 MILLION RUPEES
WELSPUN SPECIALTY SOLUTIONS MARCH-QUARTER REVENUE FROM OPERATIONS 1.38 BILLION RUPEES VERSUS 844.4 MILLION RUPEES
Source text for Eikon: ID:nBSE8z39Wq
Further company coverage: WELU.BO
(([email protected];))
May 24 (Reuters) - Welspun Specialty Solutions Ltd WELU.BO:
INDIA'S WELSPUN SPECIALTY SOLUTIONS MARCH-QUARTER NET PROFIT 80.6 MILLION RUPEES VERSUS 19.7 MILLION RUPEES
WELSPUN SPECIALTY SOLUTIONS MARCH-QUARTER REVENUE FROM OPERATIONS 1.38 BILLION RUPEES VERSUS 844.4 MILLION RUPEES
Source text for Eikon: ID:nBSE8z39Wq
Further company coverage: WELU.BO
(([email protected];))
Welspun Specialty Solutions Wins Order For Material Grade HP Seamless Hydraulic and Instrumentation Tubes
May 19 (Reuters) - Welspun Specialty Solutions Ltd WELU.BO:
WINS STRATEGIC ORDER
ORDER FOR MATERIAL GRADE HP SEAMLESS HYDRAULIC & INSTRUMENTATION TUBES FOR APPLICATION IN OIL, GAS SECTOR IN EUROPE
Source text for Eikon: ID:nBSE5Wj46P
Further company coverage: WELU.BO
(([email protected];))
May 19 (Reuters) - Welspun Specialty Solutions Ltd WELU.BO:
WINS STRATEGIC ORDER
ORDER FOR MATERIAL GRADE HP SEAMLESS HYDRAULIC & INSTRUMENTATION TUBES FOR APPLICATION IN OIL, GAS SECTOR IN EUROPE
Source text for Eikon: ID:nBSE5Wj46P
Further company coverage: WELU.BO
(([email protected];))
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What does Welspun Special.Soln do?
Welspun Specialty Solutions Limited, formerly RMG Alloy Steel Limited, is a leading integrated manufacturer of high-quality Alloy & Stainless Steel products like Billet, Rolled Bar, Seamless Pipe globally.
Who are the competitors of Welspun Special.Soln?
Welspun Special.Soln major competitors are Vardhman Special, Rhetan TMT, MSP Steel & Power, Mukand, Electrotherm India, Beekay Steel, BMW Industries. Market Cap of Welspun Special.Soln is ₹2,234 Crs. While the median market cap of its peers are ₹1,423 Crs.
Is Welspun Special.Soln financially stable compared to its competitors?
Welspun Special.Soln seems to be less financially stable compared to its competitors. Altman Z score of Welspun Special.Soln is 3.58 and is ranked 5 out of its 8 competitors.
Does Welspun Special.Soln pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Welspun Special.Soln latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Welspun Special.Soln allocated its funds?
Companies resources are allocated to majorly unproductive assets like Inventory
How strong is Welspun Special.Soln balance sheet?
Balance sheet of Welspun Special.Soln is strong. But short term working capital might become an issue for this company.
Is the profitablity of Welspun Special.Soln improving?
The profit is oscillating. The profit of Welspun Special.Soln is ₹32.03 Crs for TTM, ₹62.47 Crs for Mar 2024 and -₹13.74 Crs for Mar 2023.
Is the debt of Welspun Special.Soln increasing or decreasing?
Yes, The debt of Welspun Special.Soln is increasing. Latest debt of Welspun Special.Soln is ₹277 Crs as of Sep-24. This is greater than Mar-24 when it was ₹258 Crs.
Is Welspun Special.Soln stock expensive?
Yes, Welspun Special.Soln is expensive. Latest PE of Welspun Special.Soln is 69.76, while 3 year average PE is 43.04. Also latest EV/EBITDA of Welspun Special.Soln is 75.76 while 3yr average is 24.47.
Has the share price of Welspun Special.Soln grown faster than its competition?
Welspun Special.Soln has given better returns compared to its competitors. Welspun Special.Soln has grown at ~34.28% over the last 2yrs while peers have grown at a median rate of 25.0%
Is the promoter bullish about Welspun Special.Soln?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Welspun Special.Soln is 55.17% and last quarter promoter holding is 55.17%.
Are mutual funds buying/selling Welspun Special.Soln?
There is Insufficient data to gauge this.