WS Industries
WSI NSE
WS Industries
ConstructionNSE: WSI BSE: 504220 Civil Construction
Key Fundamentals
MicrocapCivil ConstructionConstructionMarket Cap
₹408 Cr
P/E (TTM)
145.24
EBITDA
₹13.20 Cr
Return on Equity
0.56%
Debt to Equity
0.17
Book Value
₹48.51
EPS (TTM)
₹0.37
52W High
₹95.00
52W Low
₹50.10
Price-based figures as of 9 Oct 2026, 3:31 pm IST · EPS basis: Consolidated · TTM
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Company has reduced debt.
- Stock is trading at 0.97 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
Growth Rate
Revenue Growth
-60.66% lower than
3Y
Net Income Growth
-112% lower than
3Y
Cash Flow Change
92.78% higher than
3Y
EBITDA Margin (Avg.)
127% 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 | 82.28 | 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% | -1014.36% | 68.44% | -66503.03% | -26919.05% | — | — | 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 | 2.97 | 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 | 2.22 | 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 | -5.96 |
| 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
| 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 | 21.46 |
| Days Payable | 1,894 | 14,904 | 1,216 | 79,065 | — | — | — | — | 192 | 100 | 82.91 | 153 |
| Cash Conversion Cycle | 877 | -333 | 4,720 | -75,377 | 9,368 | 14,930 | — | — | 219 | 35.88 | 64.85 | 101 |
| Working Capital Days | -4,491 | -14,485 | -61,485 | -45,549 | -1,31,544 | -2,20,547 | — | — | -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
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view WS Industries insights
61 extracted metrics + investor summaries across FY11–FY27.
Documents
1
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.
2
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.
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)
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.
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 Construction sector, in the Civil Construction industry.
What is the market capitalisation of W S Industries (India) Ltd?
W S Industries (India) Ltd has a market capitalisation of ₹407.86 Cr as of 9 Oct 2026, 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 145.24 as of 9 Oct 2026, on earnings per share of ₹0.37, against a book value of ₹48.51 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 ₹50.1 and ₹95 as of 9 Oct 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 0.56%. Its debt-to-equity ratio is 0.17.
Company Information
Incorporated in 1961, WS Industries Ltd operates primarily in Infra segment[1]
For AI agents and developers
Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/WSI.md for W S Industries (India) Ltd: company profile, latest price, key fundamentals, the Tapetide Score, growth rates, quarterly and annual financial statements, shareholding pattern, technical indicators, analyst ratings and exchange filings.
Append .md to any Tapetide URL for the
same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live,
structured queries instead of documents, use our MCP server.