W.S. Industries (India) Ltd (WSI) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 504220 | NSE: WSI | Engineering - Construction | Small Cap

W.S. Industries Share Price

75.55 0.20 0.27%
as on 05-Dec'25 13:48

W.S. Industries (India) Ltd (WSI) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 504220 | NSE: WSI | Engineering - Construction | Small Cap

DeciZen - make an informed investing decision on W.S. Industries

Based on:

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Undervalued

3. Price Trend

Semi Strong

W.S. Industries (India) stock performance -

Key Ratios
mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
496.7 Cr.
52-wk low:
63.6
52-wk high:
129.8

Is W.S. Industries (India) Ltd an attractive stock to invest in?

1. Is W.S. Industries (India) Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that W.S. Industries (India) Ltd is a below average quality company.

2. Is W.S. Industries (India) Ltd undervalued or overvalued?

The key valuation ratios of W.S. Industries (India) Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

3. Is W.S. Industries (India) Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of W.S. Industries (India) Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of W.S. Industries:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

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.
W.S. Industries (India) Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % -27.8%-19.8%-4.6%-0.9%-42.3%0%-1.9%9.8%74.9%4%-
Value Creation
Index
NANANANANANANA-0.34.4-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 4.41.52.30.30.20079.7326239155
Sales YoY Gr.--67.1%55.2%-85.3%-36.4%-100%NANA309.7%-26.8%-
Adj EPS -18.3-11.8-3.1-2.2-1.9-2.5-1.51.116.3-2.4-3.6
YoY Gr.-NANANANANANANA1330.7%-114.7%-
BVPS (₹) -85.1-86.2-71-20.3-43.4-46.5-16.49.6505052.3
Adj Net
Profit
-38.6-24.8-6.5-5.7-5-6.6-3.84.882.1-15.2-24
Cash Flow from Ops. -45.8-11.6-62-12.1-7-16.1-105113-83.9-
Debt/CF from Ops. -73.851-25.2-1.3-7.2-14.5-4.6-0.60.5-0.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 55.8%308.6%NA-26.8%
Adj EPS NANANA-114.7%
BVPSNANANA0.1%
Share Price 20.4% 82.8% 67.6% -40.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
4924.57.413.811.88.68.417.451.5-5.3-7
Op. Profit
Mgn %
-566.4-118924.6-296.3-356.7000.3136.12.5
Net Profit
Mgn %
-876.4-1717.1-286.4-1756.2-238200625.1-6.4-15.2
Debt to
Equity
-1.8-1.7-2.1-1.9-0.9-0.9-2.51.60.20.20.1
Working Cap
Days
15,31847,12627,68497,33032,24400517202279287
Cash Conv.
Cycle
4,69911,0711,5756,54213,939001106086102

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 0.23

Return on Equity is Poor

Sales growth has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -55.25%

Latest Financials - W.S. Industries (India) Ltd.

Standalone Consolidated
TTM EPS (₹) -3.6 -3.5
TTM Sales (₹ Cr.) 155 155
BVPS (₹.) 52.3 31.3
Reserves (₹ Cr.) 279 140
P/BV 1.44 2.41
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 63.55 / 129.75
All Time Low / High (₹) 0.58 / 193.75
Market Cap (₹ Cr.) 497
Equity (₹ Cr.) 65.9
Face Value (₹) 10
Industry PE 29.6

Management X-Ray of W.S. Industries:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of W.S. Industries - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Event Update

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Analyst's Notes

data not found
No data found!

Key Ratios of W.S. Industries

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales412000080326239
Operating Expenses 34192117080284225
Manufacturing Costs110000019105101
Material Costs1150000051166113
Employee Cost 16100000476
Other Costs 16111160565
Operating Profit -30-171-1-1-7-004314
Operating Profit Margin (%) -675.0%-1,189.1%24.6%-297.0%-356.0%--0.2%13.0%6.0%
Other Income 1229000322
Interest 1005003467
Depreciation 12999400012
Exceptional Items 000000041150
Profit Before Tax -42-25-6-6-5-7-431537
Tax 00000000-1122
Profit After Tax -42-25-6-6-5-7-43163-15
PAT Margin (%) -950.0%-1,717.1%-283.0%-1,752.1%-2,380.3%--4.0%50.0%-6.4%
Adjusted EPS (₹)-19.8-11.7-3.0-2.2-1.9-2.5-1.50.832.5-2.4
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund -100-103-71-12-72-81-1060251317
Share Capital 34343439393939425063
Reserves -134-137-105-51-111-120-4918201253
Minority Interest0000000000
Debt88185163036646072
Long Term Debt00000036363748
Short Term Debt8818516300292324
Trade Payables51492829303010274525
Others Liabilities 4063993351031009446886776
Total Liabilities 365354309125737382239424490

Fixed Assets

Gross Block2251531531530001710
Accumulated Depreciation55596878000013
Net Fixed Assets 170938475000167
CWIP 1111000002
Investments 00000000122123
Inventories2521100041911
Trade Receivables363238900848574
Cash Equivalents 1612002333833
Others Assets 13222121938647259148155241
Total Assets 365354309125737382239424490

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity -46-12-62-12-7-16-105113-84
PBT -42-332-225-61-8-59201537
Adjustment 189101551767-20-1107
Changes in Working Capital 20-1-54148-2-6-24-10470-81
Tax Paid 000000000-17
Cash Flow From Investing Activity -0-00316-0-714221-96-12
Capex -0-00316-0-71421-90-5
Net Investments 000000019-7-8
Others 000-0-0-00101
Cash Flow From Financing Activity 4-07-2531014-103621884
Net Proceeds from Shares 0005000682679
Net Proceeds from Borrowing 0000000000
Interest Paid -1-0-0-5-00-64-5-7-7
Dividend Paid 0000000000
Others 507-2541014-39-1-112
Net Cash Flow -05-51-2-022-2135-12

Finance Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)N/AN/AN/AN/AN/AN/AN/A0112.01-5.37
ROCE (%)N/AN/AN/AN/AN/AN/AN/A9.7974.914.04
Asset Turnover Ratio0.0100.0100000.50.990.52
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/AN/A-350.69N/A
Working Capital Days
Receivable Days3,2538,4212,7806,32400019394121
Inventory Days2,0743,3542201,284000161223
Payable Days01,2360000013480115

W.S. Industries (India) Ltd Stock News

W.S. Industries (India) Ltd FAQs

The current trading price of W.S. Industries on 05-Dec-2025 13:48 is ₹75.55.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Dec-2025 the market cap of W.S. Industries stood at ₹496.7.
The latest P/E ratio of W.S. Industries as of 04-Dec-2025 is 0.00.
The latest P/B ratio of W.S. Industries as of 04-Dec-2025 is 1.44.
The 52-week high of W.S. Industries is ₹129.8 and the 52-week low is ₹63.55.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of W.S. Industries is ₹155.4 ( Cr.) .

About W.S. Industries (India) Ltd

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.
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