Welspun Specialty Solutions secures CARE A1+ rating for commercial paper

Welspun Specialty Solutions Limited (WSSL) announced that CARE Ratings has assigned a CARE A1+ rating to its commercial paper of ₹50 crore. Concurrently, CARE Ratings reaffirmed the earlier ratings for the company's long term / short term bank facilities (LT/ST BF) and short term bank facilities (ST BF) as CARE AA+ (CE); Stable / CARE A1+ (CE), and the unsupported rating as CARE AA- / CARE A1+.

The improved financial risk profile of WSSL is attributed to a rights issuance of ₹350 crore, primarily utilized for debt repayment, and sustained operational performance. The company’s order book stood at ₹254 crore as of September 30, 2025, comprising 5,940 tonnes in order volume. WSSL is expanding its stainless steel bright bar capacity from 24,000 MT to 84,000 MT at a cost of ₹75 crore, scheduled for commissioning in Q3FY26.

WSSL's total operating income grew to ₹746 crore as of March 31, 2025, up from ₹716 crore in the previous fiscal year, driven by higher sales volumes and the addition of bright bars to the product mix. The company’s liquidity position significantly improved, with cash and liquid investments reaching ₹96.44 crore as of March 31, 2025, and no term debt obligations as of September 30, 2025.