WELINV
Welspun Investments and Commercials financials
- Market cap
- ₹848 Cr
- Sector
- Financial Services
What Welspun Investments and Commercials Limited does
Welspun Investments and Commercials Limited is a Core Investment Company (CIC) that is not required to register with the Reserve Bank of India. It holds equity shares mainly in Welspun Group companies engaged in Line Pipes, Steel, Infrastructure and Oil & Gas, earning through dividends and stock-price appreciation on these holdings. Alongside its investment activity, the company also undertakes commodities trading across diverse sectors, subject to RBI guidelines. It has no subsidiary, joint venture or associate company of its own.
Segments
- Investment (equity holdings)
- Commodities trading
- Permanent employees
- 2 (as on March 31, 2024)
- Business activities
- 2 (Investment segment + Commodities trading)
- Investee-company sectors (Welspun Group)
- 4 (Line Pipes, Steel, Infrastructure, Oil & Gas)
- Company classification
- Core Investment Company (CIC), exempt from RBI registration
- Subsidiaries / JVs / associates
- None
Quarterly results
Q1 FY27: revenue up 225.0%, net profit up 25.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5 | 0 | 0 | 0 | 5 +0% | 0 −32% | 0 +117% | 0 +225% |
| EBITDA | 5 | 0 | -0 | -0 | 5 −5% | -0 −300% | -0 −500% | -0 +25% |
| Net profit | 4 | 0 | 0 | -0 | 3 −3% | -0 −286% | -0 | -0 +25% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +131.0% 1Y
1Y: ₹1,005 on 10 Sept 2025 → ₹2,322. High ₹2,345 (10 Sept 2026), low ₹0 (31 Oct 2025).
Financials, as filed
Revenue fell 12.1% a year over 3 years, FY23 to FY26. Operating margin narrowed to 77.5%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹8 Cr | ₹4 Cr | ₹5 Cr | ₹5 Cr |
| Operating profit | ₹7 Cr | ₹4 Cr | ₹5 Cr | ₹4 Cr |
| Operating margin | 95.7% | 90.3% | 93.7% | 77.5% |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Net profit | ₹5 Cr | ₹3 Cr | ₹4 Cr | ₹3 Cr |
| Net margin | 71.8% | 67.7% | 70.6% | 58.3% |
| Cash from operations | ₹-2 Cr | ₹-1 Cr | ₹-2 Cr | ₹-2 Cr |
| Free cash flow | ₹-2 Cr | ₹-1 Cr | ₹-2 Cr | ₹-2 Cr |
| ROCE | 4.4% | 1.1% | 0.8% | 0.6% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹4 Cr | ₹4 Cr | ₹4 Cr | ₹4 Cr | ₹4 Cr | ₹4 Cr |
| Reserves | ₹134 Cr | ₹141 Cr | ₹188 Cr | ₹454 Cr | ₹728 Cr | ₹668 Cr |
| Borrowings | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other liabilities | ₹0 Cr | ₹1 Cr | ₹4 Cr | ₹36 Cr | ₹91 Cr | ₹81 Cr |
| Total liabilities | ₹138 Cr | ₹145 Cr | ₹195 Cr | ₹493 Cr | ₹823 Cr | ₹753 Cr |
| Fixed assets | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹138 Cr | ₹145 Cr | ₹195 Cr | ₹493 Cr | ₹823 Cr | ₹747 Cr |
| Other assets | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹0 Cr | ₹0 Cr | ₹6 Cr |
| Total assets | ₹138 Cr | ₹145 Cr | ₹195 Cr | ₹493 Cr | ₹823 Cr | ₹753 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count shrank 4% to 12,889.
- Promoters
- 74.6%
- DIIs
- 0.1%
- Public
- 25.3%
Since Jun 2025
- DIIs −0.03 pp
- Public +0.01 pp
- Promoters 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 74.6%, DIIs 0.0%, Public 25.4%.Dec '23: Promoters 74.6%, DIIs 0.0%, Public 25.4%.Mar '24: Promoters 74.6%, DIIs 0.0%, Public 25.4%.Jun '24: Promoters 74.6%, DIIs 0.0%, Public 25.4%.Sep '24: Promoters 74.6%, DIIs 0.1%, Public 25.3%.Dec '24: Promoters 74.6%, DIIs 0.1%, Public 25.3%.Mar '25: Promoters 74.6%, DIIs 0.1%, Public 25.3%.Jun '25: Promoters 74.6%, DIIs 0.1%, Public 25.3%.Sep '25: Promoters 74.3%, DIIs 0.1%, Public 25.5%.Dec '25: Promoters 74.6%, DIIs 0.1%, Public 25.3%.Mar '26: Promoters 74.6%, DIIs 0.1%, Public 25.3%.Jun '26: Promoters 74.6%, DIIs 0.1%, Public 25.3%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Rajlok Diagnostic Systems Pvt Ltd newly disclosed 0.00% held
- Teesta Renewable Energy Private Limited newly disclosed 0.00% held
- Welspun Newgen Private Limited (Formerly Welspun Newgen Limited) newly disclosed 0.00% held
- Welspun Pune Shirur Projects Limited newly disclosed 0.00% held
- B. K. Goenka Family Trust (Balkrishan Goenka) newly disclosed 0.00% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Welspun Investments and Commercials Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| BALKRISHAN GOENKA Trustee of Welspun Group Master Trust | 73.35% | unchanged |
| Ravi Vasudeo Goenka | 3.11% | unchanged |
| Niharika Ravi Goenka | 1.85% | unchanged |
| Mukesh Raghunathmal Chandan | 1.43% | unchanged |
| Dipali Balkrishan Goenka | 0.90% | unchanged |
| Radhika Goenka Agarwal | 0.25% | unchanged |
| Balkrishan Gopiram Goenka | 0.06% | unchanged |
| Balkrishan Goenka (HUF) | 0.02% | unchanged |
| Methodical Investment and Trading Co. Pvt Ltd | 0.00% | unchanged |
| Rajesh Mandawewala | 0.00% | unchanged |
| First Rank LLP | 0.00% | unchanged |
| Welspun Realty Private Limited | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Welspun Investments and Commercials Limited
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