W S Industries (I) Limited (WSI)

Loading page…

W S Industries (I) Limited (WSI) · mywealthgrid

About

W S Industries operates in civil construction, India's industrials sector, market cap ₹461.7 Cr. Recent quarters show significant revenue volatility: ₹0.43 Cr–₹24.05 Cr standalone. Promoter-controlled at 51.67%.

Face value: ₹10

Market cap

₹404 Cr

P/E

131.1×

P/B

1.0×

Dividend yield

ROE

0.9%

ROCE

3.1%

Debt / equity

0.17

OPM

9.9%

EPS (TTM)

₹0.4

Book value

₹52.1

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Revenue collapse: Jun 2026 ₹0.43 Cr vs ₹20.83 Cr Mar; verify project deferrals, order book contraction, or execution issues
Profitability instability: Dec loss ₹2.02 Cr, Jun OPM -574.42%; understand root causes and operational improvement potential
Valuation disconnect: PE 149.9, ROE 0.88%; market prices recovery at premium—verify execution capability justifies it
Stock underperformance: 1y return -20.29%; determine if fundamental or sector headwind

Generated analysis · source review pending

Growth drivers

Revenue rebound: Mar 2026 ₹20.83 Cr revenue, ₹2.44 Cr profit; Jun collapse to ₹0.43 Cr appears anomalous; verify project timing and pipeline for recovery
Financial capacity: D/E 0.17 leaves leverage headroom for larger bids or working capital without balance-sheet strain; verify deployment
Profitability at scale: Mar 2026 posted 17.67% OPM; verify sustainability across normal revenue quarters
Order book: quarterly volatility suggests project-dependent revenue; verify awarded projects and pipeline visibility

Generated analysis · source review pending

2,198 historical price candles were omitted because the exchange source has not been verified.

₹53.2-4.4%1Y

Quick read

rule-based

Pros

No positive flags triggered.

Cons

−Profit declined 49% a year over the last 3 years
−Modest revenue growth of 4.7% a year over the last 3 years
−Weak interest coverage of 1.3×
−Expensive at 131.1× trailing earnings
−Promoter holding fell 9.1 pts over the last year

Research score

Structured signal from quality, growth, valuation and momentum.

26/100

Business quality: 22
Growth: 30
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Loading peers…

Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	0	0	0	80	326	239	92
COGS	0	0	0	51	166	113	35
Gross profit	—	—	—	29	161	126	57
	1	7	1	28	120	115	48
	-1	-7	-1	0	41	11	9
OPM %	-423.8%	—	—	0.1%	12.6%	4.5%	9.9%
Depreciation	4	0	0	0	1	2	2
Interest	0	0	4	4	6	8	9
	-56	-2	0	24	2	4	4
Profit before tax	-61	-8	-59	20	36	5	3
Tax	0	0	0	0	-11	22	1
Tax %	0%	0%	0%	0%	-29.2%	481.7%	25.3%
	-61	-8	-59	20	47	-18	2
PAT margin %	—	—	—	24.7%	14.4%	-7.4%	2.4%
EPS (₹)	-23.5	-3.6	-23	4.5	10	-3.1	0.3
EPS adjusted (₹)	-23.1	-3.2	-22.6	4.7	9.3	-2.8	0.3
Annual report	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	34	34	21	26	26	26	26	42	50	63	76
Reserves	-92	-183	-161	-107	-111	-120	-49	23	87	135	319
Minority interest	—	—	—	0	—	—	—	—	—	—	—
	8	9	30	425	101	115	87	64	71	84	66
	415	496	367	125	58	51	17	110	141	126	79
Total equity & liabilities	365	355	257	469	73	73	82	239	349	409	540
	170	161	84	426	0	0	0	1	6	7	5
CWIP	1	1	1	1	—	—	—	0	0	3	1
Investments	0	54	—	—	—	0	0	24	145	148	202
	195	140	172	43	73	73	82	215	198	252	332
Total assets	365	355	257	469	73	73	82	239	349	409	540

Loading financials…

Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	35.8%	49.2%	52.7%	61.9%
EBITDA margin %	-423.8%	—	—	0.1%	12.6%	4.5%	9.9%
EBIT margin %	-2,428.6%	—	—	-0.2%	12.4%	3.7%	8%
PAT margin %	-28,933.3%	—	—	24.7%	14.4%	-7.4%	2.4%
Working capital
Receivable days	14,930	—	—	386	95	113	233
Inventory days	—	—	—	25	41	35	21
Payable days	9,852	—	—	192	100	83	153
NWC days	—	—	—	219	36	65	101
Leverage
Current ratio	0.13	0.08	0.53	0.73	1.18	1.53	3.08
Debt to EBITDA	—	—	—	803.13	1.72	7.8	7.27
Debt to equity	-1.19	-1.23	-3.77	0.99	0.52	0.43	0.17
Interest coverage	-255	—	-0.1	0.7	7.2	1.6	1.3
Asset turnover	0	0	0	0.33	0.93	0.58	0.17
Return ratios
Return on assets %	-82.8%	-11.5%	-72.9%	8.2%	13.4%	-4.3%	0.4%
Return on capital employed %	7.1%	8.2%	-3.5%	5.4%	27.8%	5.3%	3.1%
Return on equity %	71.4%	9%	256.5%	30.2%	34.2%	-8.9%	0.6%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

Loading ratios…

Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	57.68%	57.6%	58.53%	62.89%	60.38%	60.38%	60.69%	60.8%	61.13%	59.35%	51.64%	51.67%
	0%	0%	0.01%	0%	1.06%	1.07%	1.08%	1.08%	0.98%	0.76%	13.67%	13.53%
	0.15%	0.15%	0.14%	0.12%	0.11%	0.14%	0.14%	0.14%	0.11%	0.11%	0.09%	0.09%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	42.17%	42.25%	41.32%	36.99%	38.45%	38.41%	38.09%	37.98%	37.78%	39.78%	34.6%	34.71%
No. of shareholders	—	—	—	—	—	—	—	—	19,505	18,592	18,307	17,906

Promoter holding down 6.01 percentage points since Sep 2023.

7 deals · 13 Dec 2021 – 3 Jan 2022

Date	Client	Type	Venue	Side	Quantity	Price	Value
3 Jan 2022	EARC SAF 1 TRUST	Bulk	BSE	Sell	24,34,358	₹10.38	₹2.53 Cr
3 Jan 2022	EARC TRUST SC 168	Bulk	BSE	Sell	19,01,268	₹10.38	₹1.97 Cr
3 Jan 2022	SEYYADURAI NAGARAJAN	Bulk	BSE	Buy	17,06,940	₹10.38	₹1.77 Cr
3 Jan 2022	SATHIYAMOORTHY ANANDAVADIVEL	Bulk	BSE	Buy	17,06,940	₹10.38	₹1.77 Cr
3 Jan 2022	CHINNIAMPALAYAM KULANDAISAMY VENKATACHALAM	Bulk	BSE	Buy	17,06,940	₹10.38	₹1.77 Cr
3 Jan 2022	EARC TRUST SC 209	Bulk	BSE	Sell	7,85,192	₹10.38	₹0.82 Cr
13 Dec 2021	CERAMET CONSULTANTS PVT LTD	Bulk	NSE	Buy	1,81,192	₹10.40	₹0.19 Cr

1–7 of 7

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. S.NAGARAJANExecutive Director-Chairperson
Mr. C.K.VENKATACHALAMExecutive Director-MD
Mr. S.ANANDAVADIVELExecutive Director
Mr. K V PRAKASHExecutive Director
Mr. R.KARTHIKNon-Executive - Independent Director
Mr. J.SRIDHARANNon-Executive - Independent Director
Ms. RAGHAVAN SUGUNANon-Executive - Independent Director
Ms. REVATHI RAGHUNATHANNon-Executive - Independent Director
Mr. T R SivaramanChief Financial Officer
Mr. V BalamuruganCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

Loading shareholding…

F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

Loading f&o…

Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in W S Industries (I) Limited. Portfolios are published monthly by each AMC; coverage is still partial.

Loading fund holders…

Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Documents link to external sources (exchange filings, company investor pages).

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

3

Dividend dividend3 Sept 2009 · ex-date₹1
Dividend dividend18 Sept 2008 · ex-date₹0.5
Interim dividend14 Feb 2008 · ex-date₹0.5

1

Board meeting to consider results10 Aug 2026

Loading events…

Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

66 announcementsExport CSV

28 Sept 2026, 5:17 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

Loading announcements…

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	35.8%	49.2%	52.7%	61.9%
EBITDA margin %	-423.8%	—	—	0.1%	12.6%	4.5%	9.9%
EBIT margin %	-2,428.6%	—	—	-0.2%	12.4%	3.7%	8%
PAT margin %	-28,933.3%	—	—	24.7%	14.4%	-7.4%	2.4%
Working capital
Receivable days	14,930	—	—	386	95	113	233
Inventory days	—	—	—	25	41	35	21
Payable days	9,852	—	—	192	100	83	153
NWC days	—	—	—	219	36	65	101
Leverage
Current ratio	0.13	0.08	0.53	0.73	1.18	1.53	3.08
Debt to EBITDA	—	—	—	803.13	1.72	7.8	7.27
Debt to equity	-1.19	-1.23	-3.77	0.99	0.52	0.43	0.17
Interest coverage	-255	—	-0.1	0.7	7.2	1.6	1.3
Asset turnover	0	0	0	0.33	0.93	0.58	0.17
Return ratios
Return on assets %	-82.8%	-11.5%	-72.9%	8.2%	13.4%	-4.3%	0.4%
Return on capital employed %	7.1%	8.2%	-3.5%	5.4%	27.8%	5.3%	3.1%
Return on equity %	71.4%	9%	256.5%	30.2%	34.2%	-8.9%	0.6%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Larsen & ToubroLTLT	₹5,05,996 Cr	₹6,27,679 Cr	₹2,90,137 Cr	₹28,950 Cr	10.2%	₹16,590 Cr	6.6%	15.4%	15.5%	-142
Rail Vikas Nigam LimitedRVNLRVNL	₹41,075 Cr	₹45,888 Cr	₹20,825 Cr	₹891 Cr	3.8%	₹900 Cr	4.3%	10.2%	9%	66
Kalpataru Projects International LimitedKPILKPIL	₹23,167 Cr	₹26,474 Cr	₹27,380 Cr	₹2,277 Cr	8.3%	₹1,136 Cr	3.8%	20.3%	14.6%	-94
Nbcc (India) LimitedNBCCNBCC	₹20,898 Cr	₹20,898 Cr	₹12,752 Cr	₹656 Cr	4.8%	₹743 Cr	5.8%	29.3%	26.2%	-7,663
Irb Infrastructure Developers LimitedIRBIRB	₹20,533 Cr	₹40,541 Cr	₹7,686 Cr	₹4,182 Cr	52.1%	₹954 Cr	11.1%	6.1%	4.2%	67
Cemindia Projects LimitedCEMPROCEMPRO	₹20,254 Cr	₹21,120 Cr	₹10,185 Cr	₹1,058 Cr	10.2%	₹602 Cr	5.9%	44.8%	28.2%	-110
Engineers India LimitedENGINERSINENGINERSIN	₹17,577 Cr	₹17,577 Cr	₹3,878 Cr	₹750 Cr	17.7%	₹784 Cr	17.6%	28.8%	23.8%	-22
Techno Electric & Engineering Company LimitedTECHNOETECHNOE	₹11,614 Cr	₹11,686 Cr	₹3,356 Cr	₹469 Cr	14.2%	₹431 Cr	14.6%	13.6%	12%	-33
Ircon International LimitedIRCONIRCON	₹10,369 Cr	₹16,033 Cr	₹9,241 Cr	₹771 Cr	8.4%	₹524 Cr	6.5%	7.8%	9.2%	-469
Rites LimitedRITESRITES	₹10,068 Cr	₹10,068 Cr	₹2,458 Cr	₹555 Cr	22.9%	₹417 Cr	18.8%	19.3%	15.4%	-2,276
Welspun Enterprises LimitedWELENTWELENT	₹10,026 Cr	₹11,998 Cr	₹3,544 Cr	₹716 Cr	20.7%	₹308 Cr	10.9%	17.3%	12.5%	-422
Kec International LimitedKECKEC	₹9,912 Cr	₹15,015 Cr	₹23,506 Cr	₹1,599 Cr	7.1%	₹554 Cr	2.6%	23.1%	10.5%	-132

Date	Category	Subject	Filing
28 Sept 2026, 5:17 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
22 Sept 2026, 4:49 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
18 Sept 2026, 5:32 pm	Insider Trading / SAST Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	PDF
18 Sept 2026, 10:37 am	Insider Trading / SAST Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	PDF
12 Sept 2026, 3:27 pm	Insider Trading / SAST Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	PDF
10 Sept 2026, 3:55 pm	Insider Trading / SAST Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	PDF
9 Sept 2026, 12:25 pm	Insider Trading / SAST Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	PDF
8 Sept 2026, 6:04 pm	AGM/EGM AGM	Newspaper Publication On Corrigendum	PDF

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-6	10	-12	-118	-12	-14	-16	-105	113	-83	-6
	1	3	0	-35	-0	0	142	23	-127	-14	-159
	-4	-7	7	153	10	14	-103	62	50	84	168
Net cash flow	—	—	-5	1	-2	-0	22	-20	36	-12	3
Free cash flow	—	—	—	-153	-12	-14	-16	-105	-14	-91	-94
CFO / Operating profit %	—	—	—	—	—	—	—	—	274.9%	-763.3%	-65.8%

W S Industries (I) Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

3

1

Announcements

3

1

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Compounded sales growth

Compounded profit growth

Return on equity

W S Industries (I) Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Dividends3

Board meetings1

Announcements

Dividends3

Board meetings1

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

3

1

3

1