WSI

W S Industries (I) Limited

W S Industries (I) Limited (WSI) financial statements and selected valuation metrics through 30 June 2026.

Industrials›Construction›Construction›Civil Construction

wsindustries.in(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹70.84
Market cap
538 Cr
Stock P/E
174.6
P/B
1.36
ROE (FY26)
0.7%
ROCE (FY26)
2.6%
Operating margin (FY26)
8.0%
Debt / equity (FY26)
0.17
OCF / EBITDA (FY26)
-65.8%
OCF / EBITDA (3Y)
40.4%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

WSI (W S Industries (India)) carries out construction contracts and infrastructure work from Chennai, after discontinuing its older electro-porcelain products division.

Company snapshot

58thBy market cap

Ranked among 90 companies in Civil Construction.

Segment mix

Reportable segments as of 2022-12-31 (Standalone). Revenue share = segment revenue ÷ total revenue.

Largest segment: 100.0% of revenue

SegmentRevenue shareRevenuePBTAssets
Electro-porcelain products (Discontinued Operations)—0 Cr0 Cr0 Cr
Infra Division
100.0%
25 Cr7 Cr27 Cr
Investment Property—0 Cr0 Cr24 Cr
Turnkey Projects—0 Cr-0.15 Cr0.0045 Cr
Unallocated—0 Cr0.57 Cr72 Cr

What we see

Positives
  • ✓Debt-to-equity of 0.17x — the company is largely funded by its own money, not borrowed funds.
Concerns
  • ✗Net margin is very thin at 2.4% — little room for error if costs rise.
2 more signals from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales81 Cr110 Cr89 Cr72 Cr62 Cr66 Cr40 Cr26 Cr24 Cr21 Cr21 Cr0.43 Cr
Operating expenses (approx.)68 Cr95 Cr81 Cr64 Cr56 Cr68 Cr40 Cr23 Cr22 Cr21 Cr17 Cr3 Cr
EBITDA13 Cr15 Cr8 Cr7 Cr6 Cr-2 Cr-0.37 Cr3 Cr2 Cr-0.26 Cr4 Cr-3 Cr
OPM %15.7%14.0%8.8%10.2%10.1%-3.6%-0.9%12.7%10.1%-1.3%17.4%-600.0%
Other income0.17 Cr0.14 Cr2 Cr0.68 Cr0.83 Cr1 Cr1 Cr0.76 Cr0.64 Cr0.73 Cr2 Cr7 Cr
Interest1 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr
Depreciation0.19 Cr0.20 Cr0.26 Cr0.36 Cr0.55 Cr0.56 Cr0.55 Cr0.44 Cr0.44 Cr0.45 Cr0.44 Cr0.33 Cr
Profit before tax11 Cr14 Cr6 Cr6 Cr5 Cr-4 Cr-2 Cr2 Cr0.36 Cr-2 Cr3 Cr2 Cr
Tax %0.0%0.0%-176.0%37.8%16.5%-521.1%22.9%23.6%19.4%8.6%14.8%4.8%
Net profit11 Cr14 Cr17 Cr4 Cr4 Cr-24 Cr-2 Cr1 Cr0.29 Cr-2 Cr3 Cr2 Cr
EPS (₹)₹2.53₹2.95₹3.45₹0.67₹0.64₹-4.04₹-0.34₹0.19₹0.01₹-0.34₹0.39₹0.24

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2 Cr2 Cr0.33 Cr0.21 Cr0 Cr0 Cr80 Cr326 Cr239 Cr92 CrSign in free for the trailing twelve months
Operating expenses (approx.)22 Cr0.72 Cr1 Cr1 Cr7 Cr0.53 Cr80 Cr285 Cr228 Cr82 CrSign in free for the trailing twelve months
EBITDA-20 Cr2 Cr-1 Cr-0.89 Cr-7 Cr-0.53 Cr0.08 Cr41 Cr11 Cr9 CrSign in free for the trailing twelve months
OPM %-1003.9%68.1%-314.4%-428.0%——0.1%12.6%4.5%9.9%Sign in free for the trailing twelve months
Other income2 Cr1 Cr9 Cr0 Cr0 Cr0.10 Cr3 Cr2 Cr4 Cr4 CrSign in free for the trailing twelve months
Interest4 Cr-0.05 Cr5 Cr0.02 Cr0.0003 Cr3 Cr4 Cr6 Cr8 Cr9 CrSign in free for the trailing twelve months
Depreciation9 Cr9 Cr9 Cr4 Cr0.0009 Cr0.0012 Cr0.21 Cr0.73 Cr2 Cr2 CrSign in free for the trailing twelve months
Profit before tax-31 Cr-6 Cr-6 Cr-61 Cr-8 Cr-59 Cr20 Cr36 Cr5 Cr3 CrSign in free for the trailing twelve months
Tax %-0.3%——0.0%0.0%0.0%0.0%-29.2%481.7%25.3%Sign in free for the trailing twelve months
Net profit-9 Cr32 Cr-224 Cr-61 Cr-8 Cr-59 Cr20 Cr47 Cr-18 Cr2 CrSign in free for the trailing twelve months
EPS (₹)₹-5.01₹14.52₹-85.86₹-23.54₹-3.59₹-22.98₹4.45₹10.00₹-3.08₹0.33Sign in free for the trailing twelve months
Dividend payout %——————0.0%0.0%—0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital21 Cr21 Cr26 Cr26 Cr26 Cr26 Cr42 Cr50 Cr63 Cr76 Cr
Reserves-194 Cr-161 Cr-107 Cr-111 Cr-120 Cr-49 Cr23 Cr87 Cr135 Cr319 Cr
Borrowings8 Cr18 Cr412 Cr16 Cr115 Cr75 Cr64 Cr71 Cr84 Cr66 Cr
Other liabilities465 Cr380 Cr137 Cr143 Cr51 Cr29 Cr110 Cr141 Cr126 Cr80 Cr
Total liabilities302 Cr257 Cr469 Cr73 Cr73 Cr80 Cr239 Cr349 Cr409 Cr540 Cr
Fixed assets (net)93 Cr84 Cr426 Cr0.02 Cr0.02 Cr0.02 Cr0.53 Cr6 Cr7 Cr5 Cr
CWIP0.70 Cr0.70 Cr0.70 Cr——0 Cr0 Cr0 Cr3 Cr1 Cr
Investments0.01 Cr——0 Cr0 Cr0 Cr24 Cr145 Cr148 Cr202 Cr
Inventories2 Cr1 Cr1 Cr0 Cr0 Cr0 Cr4 Cr19 Cr11 Cr2 Cr
Trade receivables32 Cr3 Cr2 Cr9 Cr0.16 Cr0.15 Cr84 Cr85 Cr74 Cr58 Cr
Cash & bank6 Cr1 Cr2 Cr0.01 Cr0.0018 Cr0.0035 Cr0.0059 Cr37 Cr25 Cr28 Cr
Other assets168 Cr167 Cr38 Cr65 Cr72 Cr80 Cr127 Cr58 Cr142 Cr244 Cr
Total assets302 Cr257 Cr469 Cr73 Cr73 Cr80 Cr239 Cr349 Cr409 Cr540 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity6 Cr-15 Cr-118 Cr-12 Cr-14 Cr-16 Cr-105 Cr113 Cr-83 Cr-6 Cr
Cash from investing3 Cr0 Cr-35 Cr0.11 Cr0 Cr142 Cr23 Cr-127 Cr-14 Cr-159 Cr
Cash from financing-4 Cr10 Cr153 Cr10 Cr14 Cr-103 Cr62 Cr50 Cr84 Cr168 Cr
Net cash flow5 Cr-5 Cr0.57 Cr-2 Cr-0.04 Cr22 Cr-20 Cr36 Cr-12 Cr3 Cr
Free cash flow (OCF − Capex)6 Cr—-153 Cr-12 Cr-14 Cr-16 Cr-105 Cr-14 Cr-91 Cr-94 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %————90.1%-18787.3%18.5%20.3%4.5%2.6%
ROE %——————30.2%34.2%-8.9%0.7%
Debtor days5823456208615083——38595112232
Inventory days1543434520070——25413521
Days payable485784015129816152141——19210083153
Cash conversion cycle1119-80125-1244068-37059——2193665101
OCF / EBITDA %—-952.3%————n.m.274.9%-763.3%-65.8%
OCF / EBITDA % (3 years)———————-18.6%-141.9%40.4%
Debt / equity——————0.990.520.430.17
Current ratio——0.100.130.080.640.731.221.533.08
Net debt / EBITDA—10.48————828.960.825.494.24