{"id":338859,"date":"2026-11-04T13:22:11","date_gmt":"2026-11-04T07:52:11","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=338859"},"modified":"2026-11-04T13:22:11","modified_gmt":"2026-11-04T07:52:11","slug":"line-pipes-maker-water-and-wastewater-solutions-company-and-transmission-towers-and-polymer-pipes-maker-stocks-roadmap-harborline-list","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/line-pipes-maker-water-and-wastewater-solutions-company-and-transmission-towers-and-polymer-pipes-maker-stocks-roadmap-harborline-list\/","title":{"rendered":"3 Line Pipes Maker, Water and Wastewater Solutions Company and Transmission Towers and Polymer Pipes Maker Stocks With a Strong Future Roadmap: Welspun Corp, Ion Exchange (India) and Skipper"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E84;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Welspun Corp, Ion Exchange (India) and Skipper: ROE of 10.7% to 17.6% and FY22 to FY26 revenue CAGR of 16.7% to 34.3%. Prices as of 3 Nov 2026.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E84;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The three line pipe, water treatment and tower stocks to watch are Welspun Corp, Ion Exchange (India) and Skipper. Their return on equity ranges from 10.7% to 17.6%, and their revenue compound annual growth from FY22 to FY26 ranges from 16.7% to 34.3%. Welspun Corp has the highest return on equity at 17.6%, while Skipper has the fastest revenue growth at 34.3% a year. Prices are based on the 3 November 2026 close, and this article is educational, not investment advice.<\/p>\n<\/div>\n<p>Line pipe, water treatment and tower stocks offer a focused view of a sector where demand keeps widening. Welspun Corp, Ion Exchange (India) and Skipper cover a line pipes maker, a water treatment solutions company and a towers and polymer pipes maker.<\/p>\n<p>This list covers three line pipe, water treatment and tower stocks with complete current figures: Welspun Corp, Ion Exchange (India) and Skipper. Every figure comes from the latest reported financials and the 3 November 2026 market close. Companies without complete current figures were left out.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=line-pipes-maker-water-and-wastewater-solutions-company-and-transmission-towers-and-polymer-pipes-maker-stocks-roadmap-harborline-list\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/line-pipes-maker-water-and-wastewater-solutions-company-and-transmission-towers-and-polymer-pipes-maker-stocks-roadmap-harborline-list\/#What_Are_Line_Pipe_Water_Treatment_and_Tower_Stocks\" title=\"What Are Line Pipe, Water Treatment and Tower Stocks?\">What Are Line Pipe, Water Treatment and Tower Stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/line-pipes-maker-water-and-wastewater-solutions-company-and-transmission-towers-and-polymer-pipes-maker-stocks-roadmap-harborline-list\/#Line_Pipe_Water_Treatment_and_Tower_Stocks_at_a_Glance\" title=\"Line Pipe, Water Treatment and Tower Stocks at a Glance\">Line Pipe, Water Treatment and Tower Stocks at a Glance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/line-pipes-maker-water-and-wastewater-solutions-company-and-transmission-towers-and-polymer-pipes-maker-stocks-roadmap-harborline-list\/#Why_Do_Line_Pipe_Water_Treatment_and_Tower_Stocks_Have_a_Strong_Roadmap_in_India\" title=\"Why Do Line Pipe, Water Treatment and Tower Stocks Have a Strong Roadmap in India?\">Why Do Line Pipe, Water Treatment and Tower Stocks Have a Strong Roadmap in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/line-pipes-maker-water-and-wastewater-solutions-company-and-transmission-towers-and-polymer-pipes-maker-stocks-roadmap-harborline-list\/#Why_Welspun_Corp_Features_Among_These_Line_Pipe_Water_Treatment_and_Tower_Stocks\" title=\"Why Welspun Corp Features Among These Line Pipe, Water Treatment and Tower Stocks\">Why Welspun Corp Features Among These Line Pipe, Water Treatment and Tower Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/line-pipes-maker-water-and-wastewater-solutions-company-and-transmission-towers-and-polymer-pipes-maker-stocks-roadmap-harborline-list\/#Why_Ion_Exchange_India_Features_Among_These_Line_Pipe_Water_Treatment_and_Tower_Stocks\" title=\"Why Ion Exchange (India) Features Among These Line Pipe, Water Treatment and Tower Stocks\">Why Ion Exchange (India) Features Among These Line Pipe, Water Treatment and Tower Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/line-pipes-maker-water-and-wastewater-solutions-company-and-transmission-towers-and-polymer-pipes-maker-stocks-roadmap-harborline-list\/#Why_Skipper_Features_Among_These_Line_Pipe_Water_Treatment_and_Tower_Stocks\" title=\"Why Skipper Features Among These Line Pipe, Water Treatment and Tower Stocks\">Why Skipper Features Among These Line Pipe, Water Treatment and Tower Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/line-pipes-maker-water-and-wastewater-solutions-company-and-transmission-towers-and-polymer-pipes-maker-stocks-roadmap-harborline-list\/#Welspun_Corp_vs_Ion_Exchange_India_vs_Skipper_on_Key_Financials\" title=\"Welspun Corp vs Ion Exchange (India) vs Skipper on Key Financials\">Welspun Corp vs Ion Exchange (India) vs Skipper on Key Financials<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/line-pipes-maker-water-and-wastewater-solutions-company-and-transmission-towers-and-polymer-pipes-maker-stocks-roadmap-harborline-list\/#Key_Risks_to_Check_Before_Investing_in_Line_Pipe_Water_Treatment_and_Tower_Stocks\" title=\"Key Risks to Check Before Investing in Line Pipe, Water Treatment and Tower Stocks\">Key Risks to Check Before Investing in Line Pipe, Water Treatment and Tower Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/line-pipes-maker-water-and-wastewater-solutions-company-and-transmission-towers-and-polymer-pipes-maker-stocks-roadmap-harborline-list\/#Final_Thoughts_on_Line_Pipe_Water_Treatment_and_Tower_Stocks\" title=\"Final Thoughts on Line Pipe, Water Treatment and Tower Stocks\">Final Thoughts on Line Pipe, Water Treatment and Tower Stocks<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/line-pipes-maker-water-and-wastewater-solutions-company-and-transmission-towers-and-polymer-pipes-maker-stocks-roadmap-harborline-list\/#What_are_line_pipe_water_treatment_and_tower_stocks\" title=\"What are line pipe, water treatment and tower stocks?\">What are line pipe, water treatment and tower stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/line-pipes-maker-water-and-wastewater-solutions-company-and-transmission-towers-and-polymer-pipes-maker-stocks-roadmap-harborline-list\/#Which_line_pipe_water_treatment_and_tower_stocks_are_covered_in_this_list\" title=\"Which line pipe, water treatment and tower stocks are covered in this list?\">Which line pipe, water treatment and tower stocks are covered in this list?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/line-pipes-maker-water-and-wastewater-solutions-company-and-transmission-towers-and-polymer-pipes-maker-stocks-roadmap-harborline-list\/#Why_do_line_pipe_water_treatment_and_tower_stocks_have_a_strong_future_roadmap_in_India\" title=\"Why do line pipe, water treatment and tower stocks have a strong future roadmap in India?\">Why do line pipe, water treatment and tower stocks have a strong future roadmap in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/line-pipes-maker-water-and-wastewater-solutions-company-and-transmission-towers-and-polymer-pipes-maker-stocks-roadmap-harborline-list\/#How_has_Welspun_Corp_performed_financially\" title=\"How has Welspun Corp performed financially?\">How has Welspun Corp performed financially?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/line-pipes-maker-water-and-wastewater-solutions-company-and-transmission-towers-and-polymer-pipes-maker-stocks-roadmap-harborline-list\/#How_has_Ion_Exchange_India_performed_financially\" title=\"How has Ion Exchange (India) performed financially?\">How has Ion Exchange (India) performed financially?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/line-pipes-maker-water-and-wastewater-solutions-company-and-transmission-towers-and-polymer-pipes-maker-stocks-roadmap-harborline-list\/#How_has_Skipper_performed_financially\" title=\"How has Skipper performed financially?\">How has Skipper performed financially?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/line-pipes-maker-water-and-wastewater-solutions-company-and-transmission-towers-and-polymer-pipes-maker-stocks-roadmap-harborline-list\/#What_risks_should_investors_check_before_buying_line_pipe_water_treatment_and_tower_stocks\" title=\"What risks should investors check before buying line pipe, water treatment and tower stocks?\">What risks should investors check before buying line pipe, water treatment and tower stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/line-pipes-maker-water-and-wastewater-solutions-company-and-transmission-towers-and-polymer-pipes-maker-stocks-roadmap-harborline-list\/#Is_this_list_of_line_pipe_water_treatment_and_tower_stocks_investment_advice\" title=\"Is this list of line pipe, water treatment and tower stocks investment advice?\">Is this list of line pipe, water treatment and tower stocks investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Line_Pipe_Water_Treatment_and_Tower_Stocks\"><\/span><strong>What Are Line Pipe, Water Treatment and Tower Stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Line pipe, water treatment and tower stocks are listed companies that make line pipes and plates for oil, gas and water projects, provide water and wastewater treatment solutions, and produce transmission towers, poles and polymer pipes. Their earnings depend on pipeline projects, water spending and grid investment.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Line_Pipe_Water_Treatment_and_Tower_Stocks_at_a_Glance\"><\/span><strong>Line Pipe, Water Treatment and Tower Stocks at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Company<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">CMP (Rs)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Market Cap (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Industry P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">ROE (%)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">D\/E<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/welcorp\/welspun-corp-ltd-share-price-today\">Welspun Corp<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">2,315.5<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">68,444<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">29.5<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">44.4<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">17.6<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.26<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/ionexchang\/ion-exchange-(india)-ltd-share-price-today\">Ion Exchange (India)<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">338.6<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5,397<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">55.2<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">22.7<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">10.7<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.36<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/skipper\/skipper-ltd-share-price-today\">Skipper<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">519.15<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5,800<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">25.8<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">44.4<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">14.3<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.64<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>On valuation, Welspun Corp and Skipper trade at a P\/E below the industry P\/E, while Ion Exchange (India) trades above it, which reflects the growth the market already expects. Readers comparing line pipe, water treatment and tower stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain. With the Q2 FY27 results season close, investors in line pipe, water treatment and tower stocks can use the coming numbers to test whether growth is holding.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Do_Line_Pipe_Water_Treatment_and_Tower_Stocks_Have_a_Strong_Roadmap_in_India\"><\/span><strong>Why Do Line Pipe, Water Treatment and Tower Stocks Have a Strong Roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Line pipe, water treatment and tower stocks have a strong roadmap in India because new pipeline and water projects, growing demand for clean water and grid expansion keep widening the market for these infrastructure companies.<\/p>\n<ul>\n<li><strong>Line pipes.<\/strong> Oil, gas and water projects need steel pipes.<\/li>\n<li><strong>Water treatment.<\/strong> Cities and industries need cleaner water.<\/li>\n<li><strong>Towers and pipes.<\/strong> Grid and farm projects need towers and pipes.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Why_Welspun_Corp_Features_Among_These_Line_Pipe_Water_Treatment_and_Tower_Stocks\"><\/span><strong>Why Welspun Corp Features Among These Line Pipe, Water Treatment and Tower Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the line pipe, water treatment and tower stocks on this list, Welspun Corp is a large maker of line pipes, stainless steel pipes, ductile iron pipes and plates, with operations in India and the United States, serving oil and gas, water and infrastructure customers.<\/p>\n<p>The company has a return on equity of 17.6%, a debt to equity ratio of 0.26 and a market capitalisation of Rs 68,444 crore. The stock trades at a P\/E of 29.5, below the industry P\/E of 44.4.<\/p>\n<p>Revenue rose from Rs 7,056 crore in FY22 to Rs 16,905 crore in FY26, a compound annual growth rate of 24.4%. Net profit grew from Rs 444 crore in FY22 to Rs 1,620 crore in FY26, which works out to a compound annual growth rate of 38.2%. In the June 2026 quarter, revenue grew 15.6% year on year to Rs 4,145 crore.<\/p>\n<p><strong>Roadmap:<\/strong> The company holds a strong global position in large-diameter line pipes and is growing in ductile iron pipes for water projects. Its overseas plants and a diversified product range give it exposure to energy and water spending.<\/p>\n<p><strong>What to watch:<\/strong> Monitor the order book in line pipes and the ramp-up of its newer product lines.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Ion_Exchange_India_Features_Among_These_Line_Pipe_Water_Treatment_and_Tower_Stocks\"><\/span><strong>Why Ion Exchange (India) Features Among These Line Pipe, Water Treatment and Tower Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the pipe and water solution shares on this list, Ion Exchange (India) provides water and wastewater treatment solutions, including chemicals, resins, engineering projects and consumer water purifiers, for industries, municipalities and homes.<\/p>\n<p>Revenue rose from Rs 1,619 crore in FY22 to Rs 3,001 crore in FY26, a compound annual growth rate of 16.7%. Net profit for FY26 was Rs 143 crore, a net margin of 4.8%.<\/p>\n<p>In the June 2026 quarter, revenue grew 17.6% year on year to Rs 706 crore. The company has a return on equity of 10.7%, a debt to equity ratio of 0.36 and a market capitalisation of Rs 5,397 crore. The stock trades at a P\/E of 55.2, above the industry P\/E of 22.7.<\/p>\n<p><strong>Roadmap:<\/strong> The company benefits from tighter water reuse and discharge norms, which lift demand for treatment plants and recycling systems. A mix of projects, chemicals and consumer products spreads its revenue.<\/p>\n<p><strong>What to watch:<\/strong> Track order inflows in water projects, chemicals demand and consumer product growth.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Skipper_Features_Among_These_Line_Pipe_Water_Treatment_and_Tower_Stocks\"><\/span><strong>Why Skipper Features Among These Line Pipe, Water Treatment and Tower Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the three companies on this list, Skipper is a Kolkata-based maker of power transmission towers and poles and of polymer pipes and fittings, and it also takes on infrastructure projects in India and overseas.<\/p>\n<p>In the June 2026 quarter, revenue grew 4.5% year on year to Rs 1,314 crore, while net profit rose 25.5% to Rs 56.8 crore. Revenue rose from Rs 1,711 crore in FY22 to Rs 5,563 crore in FY26, a compound annual growth rate of 34.3%.<\/p>\n<p>Net profit grew from Rs 25.1 crore in FY22 to Rs 213 crore in FY26, which works out to a compound annual growth rate of 70.6%. The company has a return on equity of 14.3%, a debt to equity ratio of 0.64 and a market capitalisation of Rs 5,800 crore. The stock trades at a P\/E of 25.8, below the industry P\/E of 44.4.<\/p>\n<p><strong>Roadmap:<\/strong> The company is growing its transmission tower order book and adding polymer pipe capacity, which spreads its earnings across power and water related demand. Grid expansion and housing spending support both businesses.<\/p>\n<p><strong>What to watch:<\/strong> Track tower order inflows, pipe volumes and progress on new capacity.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Welspun_Corp_vs_Ion_Exchange_India_vs_Skipper_on_Key_Financials\"><\/span><strong>Welspun Corp vs Ion Exchange (India) vs Skipper on Key Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table below sets the three line pipe, water treatment and tower stocks side by side on revenue, profit and margin, using reported figures.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Company<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY22 Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Revenue CAGR (FY22-FY26)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Net Profit (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Net Margin<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Welspun Corp<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">7,056<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">16,905<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">24.4%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,620<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">9.6%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Ion Exchange (India)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,619<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3,001<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">16.7%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">143<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">4.8%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Skipper<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,711<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5,563<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">34.3%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">213<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3.8%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>Welspun Corp posts the highest return on equity in this group at 17.6%. Welspun Corp has the largest FY26 revenue at Rs 16,905 crore, and Skipper shows the fastest revenue growth with a 34.3% compound annual rate. A useful habit with line pipe, water treatment and tower stocks is to check each new quarterly result against the capacity plans the company described earlier.<\/p>\n<p>The June 2026 quarter, the latest reported, gives a fresh read on momentum:<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Company<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Q1 FY26 Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Q1 FY27 Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Year-on-Year Growth<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Welspun Corp<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3,587<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">4,145<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">15.6%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Ion Exchange (India)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">601<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">706<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">17.6%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Skipper<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,257<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,314<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">4.5%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_to_Check_Before_Investing_in_Line_Pipe_Water_Treatment_and_Tower_Stocks\"><\/span><strong>Key Risks to Check Before Investing in Line Pipe, Water Treatment and Tower Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Every theme carries risks that deserve a check before any decision. For these line pipe, water treatment and tower stocks, the main points are: Long-term pipe and water solution shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.<\/p>\n<ul>\n<li><strong>Order timing.<\/strong> Project awards can shift between periods.<\/li>\n<li><strong>Government spending.<\/strong> Public project funding can shift between periods.<\/li>\n<li><strong>Valuation levels.<\/strong> Some of these companies trade at high earnings multiples, so growth must continue to justify them.<\/li>\n<\/ul>\n<p>Treat this list as a starting point for research and not as a recommendation. Read the latest results presentation, check the management commentary on order books or capacity plans, and compare each company with its peers before you decide anything.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Use the Univest Stock Screener<\/a><\/strong> to filter line pipe, water treatment and tower stocks by market capitalisation, P\/E, ROE and growth, and build your own shortlist.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Final_Thoughts_on_Line_Pipe_Water_Treatment_and_Tower_Stocks\"><\/span><strong>Final Thoughts on Line Pipe, Water Treatment and Tower Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Line pipe, water treatment and tower stocks reward patient research into demand, execution and financial strength. Welspun Corp, Ion Exchange (India) and Skipper each have a clear plan to grow. Based on the 3 November 2026 close, Welspun Corp trades at Rs 2,315.5, Ion Exchange (India) at Rs 338.6 and Skipper at Rs 519.15. Valuation matters as much as growth, so compare each company&#8217;s P\/E with its industry P\/E before adding any of these line pipe, water treatment and tower stocks to a watchlist.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track line pipe, water treatment and tower stocks, set price alerts and get research-backed stock ideas.<\/em><\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/div>\n<h3><span class=\"ez-toc-section\" id=\"What_are_line_pipe_water_treatment_and_tower_stocks\"><\/span><strong>What are line pipe, water treatment and tower stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Line pipe, water treatment and tower stocks are listed companies that make line pipes and plates for oil, gas and water projects, provide water and wastewater treatment solutions, and produce transmission towers, poles and polymer pipes. Their earnings depend on pipeline projects, water spending and grid investment. This list looks at three of them, Welspun Corp, Ion Exchange (India) and Skipper, using reported FY22 to FY26 financials and the 3 November 2026 closing prices.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_line_pipe_water_treatment_and_tower_stocks_are_covered_in_this_list\"><\/span><strong>Which line pipe, water treatment and tower stocks are covered in this list?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> This list covers Welspun Corp, Ion Exchange (India) and Skipper. Based on the 3 November 2026 close, Welspun Corp traded at Rs 2,315.5, Ion Exchange (India) at Rs 338.6 and Skipper at Rs 519.15. Their return on equity ranges from 10.7% to 17.6%, and their revenue compound annual growth from FY22 to FY26 ranges from 16.7% to 34.3%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_do_line_pipe_water_treatment_and_tower_stocks_have_a_strong_future_roadmap_in_India\"><\/span><strong>Why do line pipe, water treatment and tower stocks have a strong future roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Line pipe, water treatment and tower stocks have a strong roadmap in India because new pipeline and water projects, growing demand for clean water and grid expansion keep widening the market for these infrastructure companies. The main drivers are as follows. Line pipes. Oil, gas and water projects need steel pipes. Water treatment. Cities and industries need cleaner water. Towers and pipes. Grid and farm projects need towers and pipes. Together these factors give the companies on this list a visible path for growth over the coming years.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Welspun_Corp_performed_financially\"><\/span><strong>How has Welspun Corp performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 7,056 crore in FY22 to Rs 16,905 crore in FY26, a compound annual growth rate of 24.4%. Net profit grew from Rs 444 crore in FY22 to Rs 1,620 crore in FY26, which works out to a compound annual growth rate of 38.2%. In the June 2026 quarter, revenue grew 15.6% year on year to Rs 4,145 crore. The company has a return on equity of 17.6%, a debt to equity ratio of 0.26 and a market capitalisation of Rs 68,444 crore. The stock trades at a P\/E of 29.5, below the industry P\/E of 44.4. Looking ahead, the company holds a strong global position in large-diameter line pipes and is growing in ductile iron pipes for water projects. Its overseas plants and a diversified product range give it exposure to energy and water spending.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Ion_Exchange_India_performed_financially\"><\/span><strong>How has Ion Exchange (India) performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 1,619 crore in FY22 to Rs 3,001 crore in FY26, a compound annual growth rate of 16.7%. Net profit for FY26 was Rs 143 crore, a net margin of 4.8%. In the June 2026 quarter, revenue grew 17.6% year on year to Rs 706 crore. The company has a return on equity of 10.7%, a debt to equity ratio of 0.36 and a market capitalisation of Rs 5,397 crore. The stock trades at a P\/E of 55.2, above the industry P\/E of 22.7. Looking ahead, the company benefits from tighter water reuse and discharge norms, which lift demand for treatment plants and recycling systems. A mix of projects, chemicals and consumer products spreads its revenue.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Skipper_performed_financially\"><\/span><strong>How has Skipper performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 1,711 crore in FY22 to Rs 5,563 crore in FY26, a compound annual growth rate of 34.3%. Net profit grew from Rs 25.1 crore in FY22 to Rs 213 crore in FY26, which works out to a compound annual growth rate of 70.6%. In the June 2026 quarter, revenue grew 4.5% year on year to Rs 1,314 crore, while net profit rose 25.5% to Rs 56.8 crore. The company has a return on equity of 14.3%, a debt to equity ratio of 0.64 and a market capitalisation of Rs 5,800 crore. The stock trades at a P\/E of 25.8, below the industry P\/E of 44.4. Looking ahead, the company is growing its transmission tower order book and adding polymer pipe capacity, which spreads its earnings across power and water related demand. Grid expansion and housing spending support both businesses.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_risks_should_investors_check_before_buying_line_pipe_water_treatment_and_tower_stocks\"><\/span><strong>What risks should investors check before buying line pipe, water treatment and tower stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Investors should check a few risks before buying line pipe, water treatment and tower stocks. Order timing. Project awards can shift between periods. Government spending. Public project funding can shift between periods. Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_list_of_line_pipe_water_treatment_and_tower_stocks_investment_advice\"><\/span><strong>Is this list of line pipe, water treatment and tower stocks investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. This article is educational and uses publicly available data as of the 3 November 2026 close. Please verify figures on NSE and BSE, read company filings and consult a SEBI registered adviser before investing. Univest is SEBI registered research analyst INH000013776.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What are line pipe, water treatment and tower stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Line pipe, water treatment and tower stocks are listed companies that make line pipes and plates for oil, gas and water projects, provide water and wastewater treatment solutions, and produce transmission towers, poles and polymer pipes. Their earnings depend on pipeline projects, water spending and grid investment. 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Their return on equity ranges from 10.7% to 17.6%, and their revenue compound annual growth from FY22 to FY26 ranges from 16.7% to 34.3%.\"}},{\"@type\":\"Question\",\"name\":\"Why do line pipe, water treatment and tower stocks have a strong future roadmap in India?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Line pipe, water treatment and tower stocks have a strong roadmap in India because new pipeline and water projects, growing demand for clean water and grid expansion keep widening the market for these infrastructure companies. The main drivers are as follows. Line pipes. Oil, gas and water projects need steel pipes. Water treatment. Cities and industries need cleaner water. Towers and pipes. Grid and farm projects need towers and pipes. 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Its overseas plants and a diversified product range give it exposure to energy and water spending.\"}},{\"@type\":\"Question\",\"name\":\"How has Ion Exchange (India) performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue rose from Rs 1,619 crore in FY22 to Rs 3,001 crore in FY26, a compound annual growth rate of 16.7%. Net profit for FY26 was Rs 143 crore, a net margin of 4.8%. In the June 2026 quarter, revenue grew 17.6% year on year to Rs 706 crore. The company has a return on equity of 10.7%, a debt to equity ratio of 0.36 and a market capitalisation of Rs 5,397 crore. The stock trades at a P\/E of 55.2, above the industry P\/E of 22.7. Looking ahead, the company benefits from tighter water reuse and discharge norms, which lift demand for treatment plants and recycling systems. 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Grid expansion and housing spending support both businesses.\"}},{\"@type\":\"Question\",\"name\":\"What risks should investors check before buying line pipe, water treatment and tower stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Investors should check a few risks before buying line pipe, water treatment and tower stocks. Order timing. Project awards can shift between periods. Government spending. Public project funding can shift between periods. Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.\"}},{\"@type\":\"Question\",\"name\":\"Is this list of line pipe, water treatment and tower stocks investment advice?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. This article is educational and uses publicly available data as of the 3 November 2026 close. Please verify figures on NSE and BSE, read company filings and consult a SEBI registered adviser before investing. Univest is SEBI registered research analyst INH000013776.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Line Pipe, Water Treatment and Tower Stocks with a strong future roadmap: Welspun Corp, Ion Exchange (India) and Skipper. Compare price, valuation, return on equity and revenue growth as of 3 November 2026.<\/p>\n","protected":false},"author":34,"featured_media":338858,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[3803,15448,19776,19778,19779,9265,13450,19777,6202],"class_list":["post-338859","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-best-stocks","tag-ion-exchange-india","tag-line-pipe","tag-pipe-and-water-solution-shares","tag-purifier-and-pole-stocks","tag-skipper","tag-steel-pipe","tag-water-treatment-and-tower-stocks","tag-welspun-corp"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["338858"],"rank_math_title":["Line Pipe, Water Treatment and Tower Stocks"],"rank_math_description":["Compare 3 line pipe, water treatment and tower stocks with a strong future roadmap on CMP, market cap, P\/E, ROE and revenue growth. 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