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WS Industries (India) Ltd. Stock Analysis

Small Cap
Evaluated by 163 users | BSE: 504220 | NSE: WSI |
Electric Equipment
WS Industries (WSI) was established in 1961 with a vision of creating an enduring benchmark in India for strategic excellence in electro-porcelains. The foundation of product and process technology from international leaders coupled with continuing emphasize on in-house development and...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Value Creation
 Mar'11Mar'12Sep'13Sep'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed -7.49%-13.59%-16.65%-23.31%-12.03%-17.66%-0.18%15.88%-146.67%-148.28%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 25322513511419.94.449.557.132.11.7
Y-o-Y Gr. Rt.--11.1%-39.9%-15.7%-82.5%-77.9%1022.7%15.3%-43.8%-94.9%
Adjusted EPS (Rs.) -14.21-31.08-32.3-45.75-43.49-18.26-1.3815.1-85.36-23.08
Y-o-Y Gr. Rt.-NANANANANANANA-665.3%NA
Book Value per Share (Rs.) 32.886.881.76-39.72-130.86-85.13-86.17-71.04-20.27-43.35
Adjusted Net Profit -30.1-65.7-68.3-96.7-91.9-38.6-2.931.9-224-60.6
Net Op. Cash Flow (Rs. Cr.) -54.4-19.4-81.847-49.9-45.8-11.6-62-12.1
Debt to Cash Flow from Ops -3.11-11.26-2.225.51-11.7-73.8350.96-25.21-1.25-7.23
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
WS Industries (India) Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -42.8%-39.2%-67.8%-94.9%
Adjusted EPS NANANANA
Book Value per Share -203.1000
Share Price -15.6% -20% -25.6% 373.7%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Sep'13Sep'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) -35.4-53.47-112.64-1225.05150.6748.992.87-36.6540.8144.39
Operating Profit Margin (%) -5.88-17.29-26.06-39.92-193.1-565.4316.5269.98-641.02-3373.52
Net Profit Margin (%) -11.87-29.18-50.49-84.85-461.58-875.74-5.8855.9-698.6-3672.7
Debt to Equity 2.058.0214.88-3.63-2.32-1.75-1.73-2.13-1.91-0.87
Working Capital Days 2182723466816,83715,6931,3941,0939894,065
Cash Conversion Cycle 99951111631,9444,829-348-1,307-990-259
Entity Percentage Holding
Promoters 37.69%
Institutions 1.30%
Non-Institutions 61.01%
Pledged *30.0030.0030.0030.0030.0030.0030.0030.0030.0030.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of WS Industries (India) Ltd.'s performance infers:

WS Industries (India) Ltd. earnings have grown by 0%, whereas share price has depreciated -20% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of WS Industries (India) Ltd. share prices over the last 10 years. Here is what we found out:

WS Industries (India) Ltd. share price has depreciated -21% annually over the past ten years.

WS Industries (WSI) was established in 1961 with a vision of creating an enduring benchmark in India for strategic excellence in electro-porcelains. The foundation of product and process technology from international leaders coupled with continuing emphasize on in-house development and adaptation to market requirements, helped WSI to introduce many new product styles for the domestic and export markets as well as improve manufacturing efficiency.

The company is the manufacturer of high

WS Industries (WSI) was established in 1961 with a vision of creating an enduring benchmark in India for strategic excellence in electro-porcelains. The foundation of product and process technology from international leaders coupled with continuing emphasize on in-house development and adaptation to market requirements, helped WSI to introduce many new product styles for the domestic and export markets as well as improve manufacturing efficiency.

The company is the manufacturer of high voltage electro-porcelain transmission and sub-station insulators for the electrical transmission and distribution sector.

The company today has an installed capacity of 12,800 CMT on a built-up area of 67,237 square meters and manufactures all types of high voltage porcelain insulators. The plant is equipped with comprehensive facilities to ensure production consistency and flexibility. An integrated approach to quality management through comprehensive training at all levels supported by full-fledged test facilities ensures superior product performance and reliability.

All products of the company are rigorously tested to ensure compliance with not only all international standards but also stringent customer specific standards. This is supported by periodic testing at reputed international laboratories. Extensive usage of information technology for production planning, scheduling and control creates the ability to track each order through the production process, respond quickly to customer requirements and maintain minimum throughput time. WSI believes in serving global markets while retaining a strong domestic presence. Today, WSI products are in service in many countries in severe operating environments. WSI has put in place an extensive network of sales agents and distributors supplementing direct marketing efforts to provide comprehensive service to its customers.

In 2009 the Company's new unit was established at APSEZ, Duppituru Village,Visakhapatnam.

Product range of the company includes:

  • Suspension Insulators- WSI manufactures suspension insulators of Normal, Fog and Aerofoil types from 45KN to 320KN for AC applications and 210KN discs for DC applications. These insulators comply with IEC standards and ANSI standards
  • Pin insulators - Pin insulators from 11kV to 44kV are in the regular line of manufacture. These insulators can be supplied with Radio Interference Protection (RIV) glaze at customers’ request.
  • Solidcore Insulators- Solidcore insulators from 11kV to 420kV are manufactured at WSI. The cantilever strength ranges from 2KN to 20KN and the specific creepage from 16mm/kV to 40mm/kV. Apart from IEC designs WSI also manufactures insulators according to ANSI standards
  • Hollow Insulators- Hollow porcelain insulators for various applications ranging from transformer bushings to SF6 breakers from voltage range 11kV to 500kV are manufactured at WSI.

Achievements/  recognition:

  • Certified for compliance to ISO 9001 (achieved in 1991)
  • Since its inception WSI has won numerous awards for its export performance from the Government of India.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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