Welspun Corp's long-term rating upgraded by CRISIL

Welspun Corp's long-term credit rating has been upgraded by CRISIL Ratings from 'CRISIL AA with Positive Outlook' to 'CRISIL AA+ with Stable Outlook'. The short-term rating has been reaffirmed at 'CRISIL A1+'. This upgrade reflects Welspun Corp's diversified revenue base, with DI Pipes, TMT Rebars, and Sintex contributing around 28% to total revenues in fiscal 2025, which reached INR 13966 Crore, up from INR 9754 Crore in fiscal 2023. A strong order book and better operating efficiencies back the line pipe segment. Gross debt decreased to INR 924 Crore, improving the Gross Debt/EBIDTA ratio to 0.55 times. The company reported consolidated net cash of INR 1,049 Crore at the end of FY2025.