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WS Industries

W S Industries (India) Ltd

WSI NSE
₹68.28 +0.44 (+0.65%)
P/E
Not meaningful: last twelve months’ earnings are mostly a one-off item
View as Markdown
MCP
Close 4 Nov 2026 ₹68.28 −12.78 −15.8% 1Y
Start ₹81.06

Key Fundamentals

MicrocapConstructionIndustrials

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
3.09%
Debt to Equity
0.17
EPS (TTM)
₹0.37
Book Value
₹48.51
Market Cap
—
P/E (TTM)
Not meaningful: last twelve months’ earnings are mostly a one-off item
P/B
1.41
ROE
0.74%
Dividend Yield
0.00%
EBITDA
₹13.20 Cr
52W High
₹95.00
52W Low
₹50.10
Day Range
₹67.52 – ₹70.46
Volume
23,978

Peer Comparison

Industrials › Construction › Civil Construction

WS Industries peer comparison
L&T
₹3,944.4030.37₹5,47,193 Cr4.800.96%15.90%14.60%₹3,00,904 Cr₹20,895 Cr
Rail Vikas Nigam
₹191.2344.37₹39,292 Cr4.060.93%9.02%10.80%₹20,825 Cr₹897 Cr
Cemindia Projects
₹1,310.1037.40₹23,549 Cr6.360.24%27.80%32.80%₹10,205 Cr₹602 Cr
Kalpataru Projects International
₹1,366.1020.52₹22,726 Cr3.000.83%13.70%18.30%₹27,380 Cr₹1,129 Cr
NBCC
₹77.7428.37₹20,666 Cr6.950.20%20.40%29.30%₹12,756 Cr₹766 Cr
IRB Infrastructure Developers
₹16.7921.25₹19,929 Cr0.940.31%4.29%7.47%₹7,686 Cr₹954 Cr
Engineers India
₹300.8521.55₹16,653 Cr5.060.52%23.40%30.40%₹3,878 Cr₹784 Cr
WS Industries (this company)
₹68.28—₹523 Cr1.410.00%0.74%3.09%₹66 Cr₹3 Cr
Median 8 companies₹246.0428.37₹21,696 Cr4.430.42%14.80%16.45%₹11,481 Cr₹841 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

27 Poor

Data confidence 98/100

Category scores

Quality
13
Poor
Returns, margins, earnings quality 22% weight
Valuation
20
Poor
Cheap vs sector & own history 24% weight
Growth
4
Poor
Sales & profit trajectory 9% weight
Financial Health
43
Weak
Solvency, leverage, coverage 9% weight
Momentum
37
Poor
Trend strength, vol-adjusted 12% weight
Ownership
38
Weak
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Company has reduced debt.
  • Stock is trading at 1.11 times its book value

Weaknesses

6
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 5.64% over last 3 years.
  • Earnings include an other income of Rs.10.1 Cr.
  • Company has high debtors of 233 days.
  • Promoter holding has decreased over last 3 years: -6.02%
  • Working capital days have increased from 82.7 days to 218 days

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish1612
OscillatorsBullish162
Moving AveragesStrong Bullish0010

Key readings

RSI (14)
58.41
Neutral
MACD (12,26,9)
2.66
Bullish
SMA (50)
60.53
Bullish
SMA (200)
67.20
Bullish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+29.18%
5YZero base
3Y+4.72%
1Y−61.72%
TTM−65.93%

Net profit

Net profit growth by window
10YTurned to profit
5YTurned to profit
3Y−51.65%
1YTurned to profit
TTMTurned to profit

Operating cash flow

Operating cash flow growth by window
10YOutflow narrowed by ₹0.45 Cr
5YOutflow narrowed by ₹1.10 Cr
3YOutflow narrowed by ₹98.63 Cr
1YOutflow narrowed by ₹76.63 Cr
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+338.37 pp
5YNo sales
3Y+9.84 pp
1Y+5.40 pp
TTM+1.34 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹1.95 Cr
Mar 2018₹2.25 Cr
Mar 2019₹0.33 Cr
Mar 2020₹0.21 Cr
Mar 2021₹0.00 Cr
Mar 2022₹0.00 Cr
Mar 2023₹79.67 Cr
Mar 2024₹326 Cr
Mar 2025₹239 Cr
Mar 2026₹91.50 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017−₹9.33 Cr
Mar 2018₹31.96 Cr
Mar 2019−₹224 Cr
Mar 2020−₹60.76 Cr
Mar 2021−₹8.38 Cr
Mar 2022−₹59.41 Cr
Mar 2023₹19.64 Cr
Mar 2024₹46.94 Cr
Mar 2025−₹17.75 Cr
Mar 2026₹2.22 Cr

Quarterly Results

₹ Cr
WSI quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
45.83
81.05
110
89.12
71.71
62.07
65.59
39.67
26.05
24.05
20.57
20.83
0.43
Expenses
40.75
68.29
94.91
81.24
64.42
55.83
67.95
40.04
22.75
21.63
20.83
17.21
3.01
Operating Profit
5.08
12.76
15.48
7.88
7.29
6.24
−2.36
−0.37
3.3
2.42
−0.26
3.62
−2.58
OPM %
11.08%
15.74%
14.02%
8.84%
10.17%
10.05%
−3.6%
−0.93%
12.67%
10.06%
−1.26%
17.38%
−600%
Other Income
1.49
0.17
0.14
0.04
0.68
0.83
1.41
1.08
1.08
0.64
0.73
2.01
6.76
Interest
1.52
1.31
1.51
1.63
1.66
1.88
2.31
2.3
2.16
2.26
2.23
2.15
1.97
Depreciation
0.08
0.19
0.2
0.26
0.36
0.55
0.56
0.55
0.44
0.44
0.45
0.44
0.33
PBT
4.97
11.43
13.91
6.03
5.95
4.64
−3.82
−2.14
1.78
0.36
−2.21
3.04
1.88
Tax %
0%
0%
0%
−175.95%
37.82%
16.59%
520.16%
−22.9%
23.6%
19.44%
−8.6%
14.8%
4.79%
Net Profit
4.97
11.43
13.91
16.64
3.7
3.87
−23.68
−1.65
1.36
0.29
−2.02
2.59
1.79
EPS (₹)
1.11
2.43
2.96
3.31
0.61
0.61
−3.73
−0.24
0.23
0.06
−0.29
0.35
0.25

Profit & Loss

₹ Cr
WSI profit and loss, annual, ₹ crore
Particulars Mar 2015 6mMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
13.47
7.07
1.95
2.25
0.33
0.21
0
0
79.67
326
239
91.5
65.88
Expenses
29.61
30.28
21.73
0.71
220
56.74
6.6
0.53
79.48
285
228
82.28
62.68
Operating Profit
−16.14
−23.21
−19.78
1.54
−219
−56.53
−6.6
−0.53
0.19
41.29
11.18
9.22
3.2
OPM %
−119.82%
−328.29%
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
68.44%
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
—
—
0.24%
12.65%
4.68%
10.08%
4.86%
Other Income
0.68
−4.08
23.62
39.54
9.34
0
−1.78
−55.38
23.97
1.83
3.95
4.46
10.14
Interest
25.3
5.3
3.88
−0.05
4.87
0.02
0
3.5
4.31
6.06
8.46
8.94
8.61
Depreciation
6.35
11.63
9.19
9.17
9.23
4.21
0
0
0.21
0.73
2.02
1.77
1.66
PBT
−47.11
−44.22
−9.23
31.96
−224
−60.76
−8.38
−59.41
19.64
36.33
4.65
2.96
3.07
Tax %
−1.53%
1.33%
0.98%
0%
0%
0%
0%
0%
0%
−29.2%
481.72%
25.25%
—
Net Profit
−46.39
−44.81
−9.33
31.96
−224
−60.76
−8.38
−59.41
19.64
46.94
−17.75
2.21
2.65
EPS (₹)
−22.1
−20.62
−4.41
15.12
−85.38
−23.14
−3.19
−22.62
4.7
9.33
−2.77
0.34
0.37
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
WSI balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
21.14
21.14
21.14
21.14
26.26
26.26
26.26
26.26
41.8
50.33
63.38
75.9
Reserves
−140
−183
−194
−161
−107
−111
−120
−49.42
23.15
87.1
135
319
Borrowings
331
330
306
306
497
114
128
87.36
64.25
73.66
87.12
68.52
Other Liabilities
181
187
168
91.46
59.24
44.81
38.35
17.36
110
138
123
76.57
Total Liabilities
393
355
302
257
476
73.4
72.62
81.56
239
349
409
540
Fixed Assets
186
170
93.28
84.1
426
0.02
0.02
0.02
24.52
151
154
207
CWIP
0.68
0.79
0.7
0.7
0.7
0
0
0
0
0
2.88
1.26
Investments
0
0
0.02
0
0
0
0
0
0
0
0
0
Other Assets
206
184
208
172
49.31
73.38
72.6
81.54
215
198
252
332
Total Assets
393
355
302
257
476
73.4
72.62
81.56
239
349
409
540

Cash Flow

₹ Cr
WSI cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
−24.01
−6.41
6.37
−14.61
−118
−12.29
−7.06
−16.21
−105
113
−82.59
−5.96
Investing
−0.03
0.63
2.7
0.09
−34.75
0.12
−7.17
142
22.82
−127
−13.51
−159
Financing
23.97
−4.37
−3.73
9.54
153
10.37
14.19
−103
61.99
49.7
84.17
168
Net Cash Flow
−0.06
−10.15
5.34
−4.98
0.59
−1.8
−0.04
22.33
−19.78
35.68
−11.93
2.61
Free Cash Flow
−24.37
−7
6.08
−14.61
−153
−12.31
−14.23
126
−103
−14.03
−90.74
−94.39
CFO/OP
142
28
−18
−949
54
22
107
3,058
−55,047
274
−583
−89

Ratios

WSI financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
1,204
1,863
5,898
459
9,368
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
—
—
386
94.72
113
233
Inventory Days
1,567
12,708
38.59
3,229
—
—
—
—
25.19
41.35
35.03
21.46
Days Payable
1,894
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
1,216
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
—
—
—
—
192
100
82.91
153
Cash Conversion Cycle
877
−333
4,720
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
9,368
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
—
—
219
35.88
64.85
101
Working Capital Days
−4,491
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
—
—
−182
−15.12
45.73
218
ROCE %
—
−16.21%
−3.33%
21.34%
−75.35%
−27.3%
−21%
−0.87%
1.22%
25.24%
5.3%
3.09%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view WS Industries insights

61 extracted metrics across FY11–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 52.02%
  • Public 27.17%
  • FIIs 13.18%
  • Others 7.54%
  • DIIs 0.09%

2.64% of promoter holding pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about WS Industries

What does W S Industries (India) Ltd do?
Incorporated in 1961, WS Industries Ltd operates primarily in Infra segment
Where is W S Industries (India) Ltd (WSI) listed?
W S Industries (India) Ltd trades as WSI on the NSE and under code 504220 on the BSE.
Which sector does W S Industries (India) Ltd belong to?
W S Industries (India) Ltd is classified under the Construction sector, in the Civil Construction industry.
What is the 52-week high and low of W S Industries (India) Ltd?
Over the last 52 weeks W S Industries (India) Ltd has traded between ₹50.1 and ₹95 as of 4 Nov 2026.
What is the Return on Equity (ROE) of W S Industries (India) Ltd?
W S Industries (India) Ltd reported a return on equity of 0.74%. Its debt-to-equity ratio is 0.17.

Company Information

Incorporated in 1961, WS Industries Ltd operates primarily in Infra segment

Website wsindustries.in
Listed 1 Aug 2007
Face Value ₹10

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