Archive · 10 Dec 2025
Welspun Corp Stock Rises After Major Contract Win
Welspun Corp's stock went up today, ending a five-day losing streak.
This happened because the company's partner in Saudi Arabia, EPIC, got a big contract to make and sell steel pipes worth about Rs 1,165 crore.
A company called Axis Securities thinks the stock is a good buy and expects it to go up by 9% in the next 3-6 months.
They like that Welspun has a lot of orders, especially in the US and Saudi Arabia.
The company is also building new factories in Saudi Arabia to work on big projects there.
Right now, the stock is considered a good deal based on how much money the company is expected to make.
Welspun Corp's stock rose 1.04% to Rs 806, ending a five-day losing streak.
Its associate company EPIC signed a 6-month contract worth 485 million SAR (approx Rs 1,165 crore) with the Saudi Water Authority.
Axis Securities recommended a 'Buy' with a target price of Rs 875, implying a 9% upside.
Welspun Corp's order book stands at a record high of Rs 23,500 crore as of October 2025.
The company is expanding in Saudi Arabia to service Aramco's capex program and water infrastructure projects.
- Who
- Welspun Corp Ltd and its associate company EPIC
- What
- Signed a major contract with the Saudi Water Authority
- When
- Contract duration is 6 months
- Where
- Saudi Arabia
- Why
- To manufacture and supply steel pipes
- Stock Price
- Rs 806 (up 1.04% from Rs 797.70)
- Contract Value
- 485 million SAR (approx Rs 1,165 crore)
- Contract Duration
- 6 months
- Brokerage Recommendation
- Buy with target price of Rs 875
- Order Book
- Rs 23,500 crore as of October 2025
- FY26 EBITDA Guidance
- Rs 2,200 crore
- FY26 H1 EBITDA
- Rs 1,186 crore
- FY28 EBITDA Multiple
- 7.5x
