Capital GoodsLarge capRs 73,255 crRs 390.6 cr traded a dayMetals
Close on 10 September 2026
2,776.90
+6.46%
52-week range100% of the way up
721.852,776.90
Market cap
73,255 cr
P/E (TTM)
28.8×
industry 48×
EPS (TTM)
96.58
Revenue YoY
+30.1%
Q1 FY27
Profit YoY
+322.6%
Net margin
25.7%
+17.8pt vs a year ago
Growth trend
+33.4pt
vs last quarter’s YoY
1 month
+48.7%
Below 52w high
0.0%
RSI (14)
76
overbought
Daily swing
4.4%
average true range
Volume
1.3×
vs 20-day average
Traded
Rs 391 cr
median day
Close200-day averageMaterial filing
260 sessions · hover for the filing behind a move
Key metrics
each ranked against every stock scanned tonight
Above the 200-day average
Top of the universe
+124.1%
One-year return
Top of the universe
+211.2%
Return on capital employed
Above the median
15.8%
Debt to equity
Around the median
0.24×
Profitable quarters, last four
of the last four reported
4 of 4
Cash conversion
cash from operations against reported profit
126%
Revenue growth, year on year
latest reported quarter
+30.1%
Below the 52-week high
from the highest close of the year
+0.0%
1 week
+5.12%
1 month
+48.69%
3 months
+101.27%
6 months
+238.01%
1 year
+211.19%
The read
written from the numbers on this page
The evidence leans constructive9 supporting, 0 against, 1 worth knowing
Supporting
trading 124% above its 200-day average
sitting at 100% of its 52-week range, with little overhead supply from trapped buyers
up 211% over twelve months
matches closed at the day's high, which has beaten the market by +3.63 points over 20 sessions across 2,991 past signals
14 of the scans it matches have a positive measured record
6 independent kinds of evidence agree today, which is uncommon
revenue grew 30% year on year in the quarter ending 30 June 2026
net margin has widened from 18.6% to 25.7% across four quarters
priced at 29× earnings against an industry median of 48× — 40% below its peers
Against
nothing the data supports either way
Worth knowing
RSI at 76 is stretched; strong stocks stay stretched for a long time, so this is a note on entry timing, not on direction
WELCORP sits in Metals — worth checking whether the whole group is moving together or whether this name is doing it alone.
What would change this read: a close below 1,239, its 200-day average; a failure to hold the top of its 52-week range.
Assembled automatically from the figures on this page — the scans matched, their measured record, the filed financials, the derivatives positioning and the peer comparison. It is not a recommendation, no one has spoken to the company, and every claim above can be checked against a number further down this page.
What is working, what is not
from the filings and from the price, with the figure behind every line
Working8
Net profit rose 270.3% year on year, from Rs 283 cr to Rs 1,048 cr.
+270.3%Rs 283 crRs 1,048 cr
Profit grew faster than revenue, +270.3% against +23.6%.
+270.3%+23.6%
Net margin rose from 8.6% to 25.7%.
8.6%25.7%
Trading 124.1% above its 200-day average, which is the line most investors use to separate a bull phase from a bear one.
+124.1%
Within 0.0% of its 52-week high.
-0.0%
Up 211.2% over the past year.
+211.2%
4 different kinds of evidence point at it tonight, not 4 versions of the same one.
4 families
Rs 391 crore changes hands on a median day, so an ordinary order is not the reason it moves.
Rs 391 cr
Needs watching2
Steel products account for 96% of segment revenue, making it the largest reported segment.
a. Steel products96%
A warning rule fires on it tonight: stretched far above trend.
Stretched far above trend
Every figure here is computed — from the company’s own filings, or from its own closing prices. Wording of 4 of these 4 filing lines was drafted by a language model, which is given the figures and may not introduce another — any sentence containing a number that did not come from the filings is discarded before it reaches this page.
How it has performed
price return over each window, beside the median NSE stock over the same days
What the scans say today
17 of 47 matched on 10 Sep
WELCORP matches 17 of the 47 scans today, across 6 different kinds of evidence. Three or more independent families agreeing is uncommon — it is the same test the shortlist on every page uses.
segments and revenue mix, as the company reports them
WELCORP reports 2 business segments. The largest is a. Steel products at 96% of revenue in the quarter ending 30 June 2026. On these numbers this is effectively a single-segment business, so the group result and that segment’s result move together.
SegmentRevenueSharevs a year ago
a. Steel products3,906 cr95.7%—
b. Others (including plastic products)175 cr4.3%—
Segment names are the company’s own, taken verbatim from the reportable-segment disclosure in its quarterly XBRL filing. Nothing on this page describes the business in words we wrote.
Quality of the business
balance sheet as at 31 March 2026
Return on equity
27.8%
trailing profit over shareholders’ funds
Return on capital
15.8%
pre-tax profit over equity plus borrowings
Debt to equity
0.24×
2,163 cr borrowed against 9,156 cr of equity
Net debt
650 cr
borrowings less cash
Cash conversion
126%
operating cash flow as a share of profit
Receivable days
38
how long customers take to pay
Return on capital uses profit before tax over equity plus borrowings. The textbook version adds finance costs back; those are not tagged reliably in quarterly filings, so this understates the ratio for a heavily borrowed company rather than flattering it. Balance sheets are filed half-yearly, so these can be up to six months behind the profit figures above.
Valuation against its own history
500 sessions since 26 September 2024
13×
median 16×
24×
now 29×
WELCORP trades at 29× trailing earnings, above its median of 16× over this window — 82% more expensive than usual. The band runs from the 5th to the 95th percentile, so single-day spikes do not set the edges.
This window is short by the standards of valuation history — it begins where four quarters of filed earnings first exist. A stock can look cheap against two years and expensive against ten.
Other filing filings were typically +0.01pt vs the market over the next 5 sessions (n=17,202) · M&A filings were typically +0.18pt vs the market over the next 5 sessions (n=1,722) · Analyst call filings were typically +0.11pt vs the market over the next 5 sessions (n=4,339)
The business
from the company’s filed results
Everything below is taken from the company’s own quarterly filing with the exchange — the XBRL document it submitted, not a vendor’s summary of it. Figures in rupees crore.
RevenueNet profit, drawn inside its revenue barNet margin, own scale belowrupees crore, per quarter as filed. Revenue bars start at zero.
Going for it
revenue grew 30% against the same quarter a year earlier
profit rose 323% year on year
net margin widened from 8.6% to 25.7%
Going against it
nothing clear in the filed numbers
Quarter-by-quarter numbers, as filed
Quarter
Revenue
Profit before tax
Net profit
EPS
Net margin
Q1 FY27
30 Jun · consolidated
4,081
586
1,048
39.68
25.7%
Q4 FY26
31 Mar · consolidated
4,313
397
371
14.04
8.6%
Q3 FY26
31 Dec · consolidated
4,532
502
456
17.17
10.1%
Q3 FY25
31 Dec · consolidated
3,614
305
672
25.73
18.6%
Q2 FY25
30 Sep · consolidated
3,302
278
283
10.97
8.6%
Q1 FY25
30 Jun · consolidated
3,137
265
248
9.49
7.9%
Quarterly filings are unaudited unless stated. Consolidated figures are used where the company files both. A single quarter is a noisy thing — the trend across the column is worth more than the top row.
Where the price stands
the same figures every scan on this site is computed from
Trend
Distance from the averages traders watch. Above all of them is a bull phase; below the 200-day is the line most investors use to say otherwise.
Versus 50-day average+42.8%
Versus 200-day average+124.1%
Below 52-week high+0.0%
Above 52-week low+284.7%
Momentum
How hard it has been pushed lately. Above 70 on RSI is stretched, below 30 is washed out — neither is a signal on its own.
RSI (14)75.9
Higher closes in last 54 of 5
Six-month return+238.01%
Risk and liquidity
What a position costs to hold and to exit. Position sizing starts with the daily swing, not with conviction.
Typical daily swing (ATR)4.43%
Volume versus 20-day1.3x
Median daily turnoverRs 390.6 cr
Peers
Capital Goods · 110 classified companies
WELCORP trades at 28.8× trailing earnings against an industry median of 48.2× across 103 other classified companies in its industry — cheaper than them, by 40%. A multiple is a statement about expectations, not about quality: cheap usually means the market expects less, and it is often right.
largest twelve by market capitalisation. Market cap and P/E need filed financials, so blanks are companies whose filings have not been read yet
Recent sessions
what this stock has matched since the engine went live
This is the live record, not the backtest — the scans this stock actually appeared in on each stored session. A name that keeps reappearing is in a persistent condition; a one-day appearance usually is not.
Session
Scans
Which
10 Sep
6
The market's strongest stocks, Beating the market for 6 months, Made a new 52-week high today, Closed at the very top of its range, Above the 200-day EMA, Improving business in an uptrend
9 Sep
3
The market's strongest stocks, Beating the market for 6 months, Improving business in an uptrend
8 Sep
3
The market's strongest stocks, Beating the market for 6 months, Improving business in an uptrend
7 Sep
3
The market's strongest stocks, Beating the market for 6 months, Improving business in an uptrend
4 Sep
2
The market's strongest stocks, Beating the market for 6 months
3 Sep
5
The market's strongest stocks, Beating the market for 6 months, Stretched far above trend, Above the 200-day EMA, Improving business in an uptrend
2 Sep
4
The market's strongest stocks, Beating the market for 6 months, Above the 200-day EMA, Improving business in an uptrend
1 Sep
7
The market's strongest stocks, Beating the market for 6 months, Made a new 52-week high today, Stretched far above trend, Short averages stacked in order, Above the 200-day EMA +1
31 Aug
2
The market's strongest stocks, Beating the market for 6 months
28 Aug
3
The market's strongest stocks, Beating the market for 6 months, Above the 200-day EMA
27 Aug
5
The market's strongest stocks, Beating the market for 6 months, Stretched far above trend, Short averages stacked in order, Above the 200-day EMA
26 Aug
4
The market's strongest stocks, Beating the market for 6 months, Falling on heavy volume, Above the 200-day EMA