₹24,700 Cr Order Book: Steel Stock jumps 4% on securing ₹1,000 Cr US Pipe Supply Order

Synopsis: Shares of this small-cap stock rose 4% after the company secured a Rs. 1,000 crore US pipe supply order. Its global order book has now expanded to Rs. 24,700 crore, providing strong revenue visibility through FY28.

The shares of this company, which is one of the largest manufacturers of large diameter pipes globally, also manufacture BIS-certified Steel Billets, TMT, Rebars, Ductile Iron (DI) Pipes, Stainless Steel Pipes, and Tubes & Bars are in the spotlight after it rose by 4% in today’s session after securing an order from its US facility. 

With a market capitalisation of Rs. 21,566 cr, the shares of Welspun Corp Ltd were trading at Rs. 817 per share, increasing 4% in today’s market session, making a high of Rs. 849.90, up from its previous close of Rs. 817.70 per share.  

About the order 

Welspun Corp Limited has secured a major pipe supply order worth ~Rs. 1,000 crore from its US facility. The fresh order further strengthens the company’s position in the global pipe manufacturing market and provides improved revenue visibility over the coming years.

Following this latest contract and other orders received since January 30, 2026, Welspun Corp’s consolidated global order book has expanded to nearly Rs. 24,700 crore, equivalent to about US$2.6 billion. The sizeable order backlog is expected to support operations across both the company’s India and US facilities.

The company said the existing order book will be executed over FY26, FY27 and FY28, ensuring business continuity and a strong pipeline for the next three financial years.

About the company 

Welspun Corp Ltd is an Indian multinational company and part of the Welspun World group. It is one of the world’s leading manufacturers of large-diameter steel pipes used in oil, gas, and water transportation projects. The company operates manufacturing facilities in India, the United States, and Saudi Arabia, and has expanded into building materials such as ductile iron pipes, TMT rebars, and stainless-steel products. 

It reported a strong operational performance in Q3FY26. Revenue from operations rose 25% year-on-year to Rs. 4,532 crore in Q3FY26 from Rs. 3,614 crore a year earlier, while EBITDA increased 42% to Rs. 616 crore from Rs. 434 crore, reflecting improved margins. Net profit declined 32% to Rs. 456 crore from Rs. 672 crore in Q3FY25. Earnings per share similarly fell 33% to Rs. 17.16 from Rs. 25.72. 

In Q3FY26, Welspun Corp’s line pipe business continued to show steady growth, with sales volumes from India and the USA rising to 265 KMT, up 13% from 235 KMT in Q3FY25 and 5% higher than 252 KMT in Q2FY26. The ductile iron (DI) pipe segment delivered even stronger performance, with volumes increasing 39% year-on-year to 92 KMT from 67 KMT and rising 16% sequentially from 79 KMT.

The stainless steel products segment also performed well on a yearly basis. Stainless steel bar sales volumes grew 22% to 6.1 KMT from 5.0 KMT in Q3 FY25, although they declined 13% from 7.1 KMT in Q2FY26. Stainless steel pipe volumes rose sharply by 50% year-on-year to 1.6 KMT from 1.1 KMT, but were marginally lower by 4% compared with 1.7 KMT in the previous quarter.

TMT rebars volumes declined 19% year-on-year to 50 KMT from 62 KMT in Q3FY25. However, the segment showed a strong recovery on a sequential basis, with volumes increasing 46% from 34 KMT in Q2FY26.

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