WS Industries
WSI NSE
WS Industries
IndustrialsNSE: WSI BSE: 504220 Construction
Key Fundamentals
MicrocapCivil ConstructionConstructionMarket Cap
₹448 Cr
Volatility
Moderate
P/E Ratio
167.35
EBITDA
₹9.07 Cr
Return on Equity
-8.95%
Debt to Equity
0.17
Book Value
₹49.42
52W High
₹95
52W Low
₹53.8
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Company has reduced debt.
- Stock is trading at 1.19 times its book value
Weaknesses
6- Company has low interest coverage ratio.
- Company has a low return on equity of 5.67% 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: -5.79%
- Working capital days have increased from 86.1 days to 218 days
Growth Rate
Revenue Growth
-62.35% lower than
3Y
Net Income Growth
-117% lower than
3Y
Cash Flow Change
-173% lower than
3Y
ROE
-126% lower than
3Y
ROCE
-77.42% lower than
3Y
EBITDA Margin (Avg.)
54.92% higher than
3Y
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 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 | -23.69 | -1.65 | 1.36 | 0.29 | -2.02 | 2.59 | 1.79 |
| EPS in Rs | 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
| Particulars | Mar 2015 6m | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 82.43 | 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 | 9.07 | 3.2 |
| OPM % | -119.82% | -328.29% | -1014.36% | 68.44% | -66503.03% | -26919.05% | — | — | 0.24% | 12.65% | 4.68% | 9.91% | 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 | 8.8 | 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% | 25.34% | — |
| 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 in Rs | -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
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -24.01 | -6.41 | 6.37 | -14.61 | -118 | -12.29 | -7.06 | -16.21 | -105 | 113 | -82.59 | -5.97 |
| 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 | -739 | -91 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 1,204 | 1,863 | 5,898 | 459 | 9,368 | 14,930 | — | — | 386 | 94.72 | 113 | 233 |
| Inventory Days | 1,567 | 12,708 | 38.59 | 3,229 | — | — | — | — | 25.19 | 41.35 | 35.03 | 10.25 |
| Days Payable | 1,894 | 14,904 | 1,216 | 79,065 | — | — | — | — | 192 | 100 | 82.91 | 73.2 |
| Cash Conversion Cycle | 877 | -333 | 4,720 | -75,377 | 9,368 | 14,930 | — | — | 219 | 35.88 | 64.85 | 170 |
| Working Capital Days | -4,491 | -14,485 | -61,485 | -45,549 | -1,31,544 | -2,20,547 | — | — | -182 | -15.12 | 55.98 | 218 |
| ROCE % | -8.02% | -16.21% | -3.33% | 21.34% | -75.35% | -27.3% | -21% | -0.87% | 1.22% | 25.24% | 5.3% | 3.06% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view WS Industries insights
29 extracted metrics + investor summaries across FY15–FY26.
Documents
1
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
12 Sep - Promoter group Mamatha P acquired 380 shares of W.S. Industries on 10 September 2026. 12 Sep - Promoter group Mamatha P acquired 380 shares of W.S. Industries on 10 September 2026.
2
Board Meeting Intimation for Considering Audited Financial Results For Quarter And Year Ended 31.03.2026 And Other General Corporate Matters
2d - Board meets on 14 May 2026 to approve audited FY26 results and auditor’s report. 2d - Board meets on 14 May 2026 to approve audited FY26 results and auditor’s report.
3
Announcement Under Regulation 30 (LODR)
30 Apr - Audit committee reviewed RPPL’s 2,000-share trades on Apr 6-10, 2026; no PIT violation found. 30 Apr - Audit committee reviewed RPPL’s 2,000-share trades on Apr 6-10, 2026; no PIT violation found.
4
Announcement Under Regulation 30 (LODR)
30 Apr - Audit committee reviewed RPPL’s 2,000-share trades on Apr 6-10, 2026; no PIT violation found. 30 Apr - Audit committee reviewed RPPL’s 2,000-share trades on Apr 6-10, 2026; no PIT violation found.
5
Announcement Under Regulation 30 (LODR)
29 Apr - Audit Committee reviewed RPPL’s 2,000-share trade during window closure; no PIT violation found. 29 Apr - Audit Committee reviewed RPPL’s 2,000-share trade during window closure; no PIT violation found.
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[1]
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 Industrials sector, in the Construction industry.
What is the market capitalisation of W S Industries (India) Ltd?
W S Industries (India) Ltd has a market capitalisation of ₹447.86 Cr, which places it in the Small Cap band.
What is the PE ratio of W S Industries (India) Ltd?
W S Industries (India) Ltd trades at a PE ratio of 167.35, against a book value of ₹49.42 per share.
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 ₹53.8 and ₹95.
What is the Return on Equity (ROE) of W S Industries (India) Ltd?
W S Industries (India) Ltd reported a return on equity of -8.95%. Its debt-to-equity ratio is 0.17.
Company Information
Incorporated in 1961, WS Industries Ltd operates primarily in Infra segment[1]
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