W S Industries (India) Ltd
NSE: WSI BSE: 504220
W S Industries (India) Ltd (WSI) is a Diversified company listed on NSE: WSI | BSE: 504220. With a market cap of ₹512 Cr and ROCE of 2.01%, ROE of 0.38%, it operates in the Indian Diversified sector.
₹67
52W: ₹59.2 — ₹102
PE 324 · Book ₹67.6 · -1% vs bookMarket Cap₹512 Cr
Stock P/E324Price to Earnings
ROCE2.01%Return on Capital
ROE0.38%Return on Equity
Div. Yield0%Face Value ₹10
Strengths
- +Company has reduced debt.
- +Stock is trading at 1.00 times its book value
Weaknesses
- −Company has low interest coverage ratio.
- −Promoter holding has decreased over last quarter: -7.71%
- −Company has a low return on equity of 4.06% over last 3 years.
- −Company has high debtors of 233 days.
- −Working capital days have increased from 172 days to 431 days
Shareholding Pattern
Promoters51.64%
FIIs13.67%
DIIs0.09%
Public34.61%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 62.89% | 60.38%▼2.5 | 60.38% | 60.69%▲0.3 | 60.8%▲0.1 | 61.13%▲0.3 | 59.35%▼1.8 | 51.64%▼7.7 |
| FIIs | 0% | 1.06%▲1.1 | 1.07%▲0.0 | 1.08%▲0.0 | 1.08% | 0.98%▼0.1 | 0.76%▼0.2 | 13.67%▲12.9 |
| DIIs | 0.12% | 0.11%▼0.0 | 0.14%▲0.0 | 0.14% | 0.14% | 0.11%▼0.0 | 0.11% | 0.09%▼0.0 |
| Public | 37% | 38.46%▲1.5 | 38.43%▼0.0 | 38.08%▼0.4 | 37.97%▼0.1 | 37.79%▼0.2 | 39.78%▲2.0 | 34.61%▼5.2 |
Financial Statements
| Metric | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 110.39 | 89.12 | 71.71 | 62.07 | 65.59 | 39.67 | 26.05 | 24.05 | 20.57 | 20.83 |
| Expenses | 94.9 | 80.01 | 61.87 | 55.75 | 67.84 | 39.47 | 22.69 | 21.5 | 20.7 | 17.15 |
| Operating Profit | 15.49 | 9.11 | 9.84 | 6.32 | -2.25 | 0.2 | 3.36 | 2.55 | -0.13 | 3.68 |
| OPM % | 14.03% | 10.22% | 13.72% | 10.18% | -3.43% | 0.5% | 12.9% | 10.6% | -0.63% | 17.67% |
| Net Profit | 13.91 | 133.03 | 6.01 | 3.76 | -23.75 | -1.29 | 1.23 | 0.23 | -2.08 | 2.43 |
| EPS ₹ | 2.96 | 26.43 | 0.99 | 0.59 | -3.75 | -0.2 | 0.19 | 0.04 | -0.32 | 0.32 |
AI Insights
Revenue Trend
Mar 2026 revenue at ₹91.5Cr, down 61.7% YoY. OPM at 10.32%.
Debt Position
Borrowings at ₹55.76Cr. Debt-to-equity ratio: 0.13x. Healthy balance sheet.
Institutional Flow
DIIs: 0.09% (-0.07pp change). FIIs: 13.67% (+13.67pp change). Promoters hold 51.64%.
Margin & Efficiency
ROCE improving from -8.92% (Mar 2015) to 2.01% (Mar 2026). Working capital days: 430.58.
Valuation
PE 324x with 2.01% ROCE. Price is -1% above book value of ₹67.6. Dividend yield: 0%.
Recent Announcements
- Compliances-Reg.24(A)-Annual Secretarial Compliance 2d - Submitted annual secretarial compliance report for FY ended 31 March 2026; no non-compliances noted.
- Announcement Under Regulation 30 14 May - Audit Committee reviewed insider-trading matter, found no PIT violation, and implemented corrective controls.
- Announcement under Regulation 30 (LODR)-Monitoring Agency Report 14 May - Monitoring agency report for 31 Mar 2026 says preferential issue proceeds had no deviation.
- Announcement under Regulation 30 (LODR)-Monitoring Agency Report 14 May - Monitoring agency report for quarter ended 31 March 2026 shows no deviation in preferential issue proceeds utilization.
- Statement Of Deviation 14 May - Regulation 32 filing for quarter ended 31 Mar 2026; 18.66 lakh warrants lapsed, no major deviations.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse