told the exchanges today that the company has been awarded a contract for supply of 114 K MTs of large diameter pipes for a water project in the MENA Region.
With this addition, the Company’s current order book stands at an all-time high of 1,605 KMTs valued at Rs10,240cr.
Welspun Corp is likely to report revenue CAGR of 16.7% over FY18-20E aided by 11% CAGR in sales volumes supported by rise in oil and gas capex. Strong oil and gas prices would be supportive in the medium term. EBITDA margins are likely to expand by 180bps over FY18-20E aided by recovery of margins as raw material prices stabilise. We expect PAT CAGR of 70% over FY18-20E respectively with an EBITDA margin of 9.6% in FY20E. The stock is currently trading at 10.1x FY20E P/E.
Welspun Corp Ltd ended at Rs151.80 up by Rs8.85 or 6.19% from its previous closing of Rs142.95 on the BSE.
The scrip opened at Rs143.55 and has touched a high and low of Rs153.70 and Rs143.55 respectively. So far 10,12,951 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs3,791.41cr.