Welspun Corp guides FY27 revenue to ₹20,000 cr, order book at record high
The company plans for another 19% revenue jump, backed by an all-time high order book of ₹25,350 crore.
— 6 earlier stories on Welspun Corp Ltd. →What's new
- FY27 guidance: revenue of ₹20,000 crore and EBITDA of ₹2,850 crore.
- FY26 profit grew 42% to ₹1,613 crore; revenue was up 20% to ₹16,770 crore.
- Board recommended a dividend of ₹5 per share.
Why this matters
The guidance implies 19% revenue growth and 20% EBITDA growth for FY27, extending the strong momentum from FY26's 42% profit expansion. An order book now exceeding the full-year revenue target provides visibility, but the margin assumption requires execution.
What we're watching
- Execution pace on the ₹25,350 crore order book.
- Whether raw-material costs allow delivery of the ₹2,850 crore EBITDA target.
- The capex plan needed to service the expanded order pipeline.
The full read
Welspun Corp's FY26 results are in the rearview. The forward guidance is the new information. Revenue reached ₹16,770 crore, up 20%, and profit grew 42% to ₹1,613 crore, but those figures were already disclosed. The company now targets ₹20,000 crore in revenue and ₹2,850 crore in EBITDA for FY27, implying another year of roughly 19% and 20% growth respectively. The target is underpinned by an all-time high order book of ₹25,350 crore, which exceeds the entire annual revenue goal. The board is also returning cash via a ₹5 per share dividend. The revenue number looks achievable with the current order book. The margin call is the tighter variable.
Questions answered
- How much of the FY27 revenue target is already contracted?
- The ₹25,350 crore order book is larger than the ₹20,000 crore revenue target for FY27. The filing does not specify the conversion timeline for the orders.
- What was the scale of profit growth in FY26?
- Net profit, excluding exceptional items, grew 42% year-on-year to ₹1,613 crore. Revenue for the full year was ₹16,770 crore, up 20%.
- What does the FY27 EBITDA guidance imply for margins?
- Guided FY27 EBITDA of ₹2,850 crore on revenue of ₹20,000 crore implies a 14.25% margin. The filing does not provide the prior-year EBITDA figure for direct comparison.
- What is the dividend recommendation?
- The board recommended a dividend of ₹5 per share. The press release does not state the total payout amount or the payout ratio.
Welspun Corp Ltd.
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All notes on WELCORP →- 21 May 2026 · 7:09 PM IST Welspun Corp guides FY27 revenue to ₹20,000 cr, order book at record high
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