W.s.industries (I) Ltd.
NSE: WSI · Civil Construction · sector
₹61.71NSE close 2026-10-26
Key numbers
Market cap₹468 cr
Price₹61.71
52w high / low₹95 / ₹50
P/E205.7xSector median 12.2x
P/B1.2xSector median 1.3x
Book value₹52.1
Dividend yield–Sector median 0.76%
ROE1.0%Sector median 10.2%
ROCE2.5%Sector median 12.9%
OPM5.1%Sector median 10.7%
Debt / equity0.17xSector median 0.36x
EV/EBITDA126.8xSector median 8.8x
Interest cover1.4x
Current ratio3.08x
Sales growth 3y+4.7%Sector median +6.7%
Profit growth 3y-49.0%Sector median +5.8%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 119 companies in Civil Construction (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹108 cr vs borrowings ₹66 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 1.4x in the last 12 months.
- 2.64% of the promoters' shares are pledged (1.4% of all shares).
- Promoter holding fell by 9.11 percentage points in a year, to 52.02% (2026-09-30).
- Operating cash flow was below net profit in 4 of the last 4 years (FY26, FY25, FY24, FY23).
- Net loss in 3 of the last 8 quarters.
- Revenue was higher than a year earlier in 0 of the last 4 quarters.
- Other income was 324% of net profit in the last 12 months.
- Debtor days went from 95 (FY24) to 233 (FY26).
- No dividend in the last 5 financial years.
- Price ₹61.71 on 2026-10-26: -35.0% from the 52-week high, +23.2% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹154.32 · low ₹53.20
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 62 | 66 | 40 | 26 | 24 | 21 | 21 | 0 |
| EBITDA | 6 | -2 | -0 | 4 | 2 | -0 | 4 | -2 |
| OPM % | 10.1% | -3.6% | -0.9% | 13.9% | 10.1% | -1.3% | 17.4% | -562.8% |
| Other income | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 7 |
| Net profit | 4 | -24 | -2 | 1 | 0 | -2 | 3 | 2 |
| EPS (₹) | 0.64 | -4.04 | -0.34 | 0.19 | 0.01 | -0.34 | 0.39 | 0.24 |
| Revenue YoY | -61.3% | -68.6% | -47.5% | -98.3% | ||||
| Profit YoY | -89.4% | – | – | +33.3% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY21 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 0 | 80 | 326 | 239 | 92 | 66 |
| EBITDA | -7 | 4 | 157 | 11 | 9 | 3 |
| Net profit | -8 | 20 | 163 | -18 | 3 | 3 |
| EPS (₹) | -3.59 | 4.45 | 35.38 | -3.08 | 0.33 | 0.30 |
| Revenue growth | – | +309.7% | -26.8% | -61.7% | -65.9% | |
| Profit growth | – | +731.7% | -110.8% | – | – | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +4.7% | – | -65.9% |
| Net profit | -49.0% | – | – |
| EPS | -58.0% | – | – |
| Share price | – | -30.4% (2y) | -23.9% |
Balance sheet
| ₹ cr | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Shareholders' equity | 65 | 254 | 198 | 395 |
| Borrowings | 64 | 61 | 84 | 66 |
| Cash & equivalents | 3 | 38 | 33 | 108 |
| Total assets | 239 | 434 | 409 | 540 |
| Fixed assets | 1 | 6 | 7 | 5 |
| Capital work in progress | 0 | 0 | 3 | 1 |
| Investments | 0 | 122 | 0 | 0 |
| Receivables | 84 | 85 | 74 | 58 |
| Inventory | 4 | 19 | 11 | 2 |
| Payables | 27 | 45 | 26 | 15 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Cash from operations | -105 | 113 | -83 | -6 |
| Cash from investing | 23 | -96 | -14 | -159 |
| Cash from financing | 62 | 18 | 84 | 168 |
| Capex | 1 | 115 | 8 | 88 |
| Free cash flow | -105 | -1 | -91 | -94 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| ROE % | 30.2% | 64.3% | -8.9% | 0.7% |
| ROCE % | 5.8% | 50.5% | 4.5% | 2.6% |
| Debtor days | 386 | 95 | 113 | 233 |
| Inventory days | 25 | 41 | 35 | 21 |
| Payable days | 192 | 100 | 83 | 153 |
| Cash conversion cycle (days) | 219 | 36 | 65 | 101 |
| Working capital days | -169 | 36 | 107 | 649 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 52.02% |
| FIIs | 13.18% |
| DIIs | 0.09% |
| of which Mutual funds | 0.00% |
| of which Insurance | 0.00% |
| Government | 0.00% |
| Public (non-institutions) | 34.71% |
| Quarter | Sep 2025 | Oct 2025 | Dec 2025 | Jan 2026 | Mar 2026 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 61.13% | 59.27% | 59.35% | 51.57% | 51.59% | 51.64% | 51.67% | 52.02% |
| Promoter group | % |
|---|---|
| Seyyadurai Nagarajan | 11.74% |
| Trineva Infra Projects Private Limited | 11.74% |
| Aravindan | 6.23% |
| Sathiyamoorthy Anandavadivel | 6.13% |
| Chinniampalayam Kulandaisamy Venkatachalam | 6.00% |
| Chinniampalayam Kulandaisamy Balasubramaniam | 5.78% |
| Prakash K V | 2.83% |
| Mamatha P | 1.43% |
| Padminisundaram | 0.02% |
| Eswaran Seyyadurai | 0.02% |
| Sanu Raghav | 0.02% |
| Dhanu Adhav Arvindan | 0.02% |
| Saranya Sengottaian | 0.02% |
| Thilagavathi | 0.01% |
| NVA Associates LLP | 0.01% |
| Public holders above 1% | % |
|---|---|
| Vikasa India EIF I Fund | 6.59% |
| M7 Global Fund Pcc-cell Dewcap Fund | 6.51% |
| SRI Meenakshi Ammal Enterprises Private Limited | 1.98% |
| Hitesh Ramji Javeri | 1.19% |
17,463 shareholders. Pledged: 2.64% of promoter shares.
Peers in Civil Construction
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| LT | ₹5,06,276 cr | 30.5x | 4.6x | 16.7% | 12.8% | 9.4% | +22.2% | 0.92% |
| RVNL | ₹38,083 cr | 42.4x | 3.9x | 9.3% | 10.5% | 4.3% | +0.2% | 1.51% |
| KPIL | ₹22,134 cr | 19.5x | 2.8x | 15.9% | 17.7% | 8.4% | +18.4% | 0.69% |
| IRB | ₹19,639 cr | 20.6x | 0.9x | 4.7% | 7.6% | 53.9% | +6.1% | 0.65% |
| CEMPRO | ₹19,444 cr | 32.3x | 8.1x | 28.4% | 32.3% | 10.4% | +25.5% | 0.18% |
| NBCC | ₹18,536 cr | 25.1x | 6.1x | 27.0% | 33.9% | 5.8% | +13.8% | 1.08% |
| ENGINERSIN | ₹13,725 cr | 17.5x | 4.4x | 27.0% | 28.8% | 19.4% | +5.7% | 1.84% |
| TECHNOE | ₹9,612 cr | 22.3x | 2.3x | 10.9% | 13.7% | 14.0% | +57.7% | 1.09% |
| IRCON | ₹9,177 cr | 17.5x | 1.4x | 8.1% | 8.2% | 8.3% | -4.4% | 2.25% |
| WSI | ₹468 cr | 205.7x | 1.2x | 1.0% | 2.5% | 5.1% | +4.7% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-09-17 | Other | Annual General Meeting |
| 2023-09-18 | Other | Annual General Meeting |
| 2022-08-25 | Other | Annual General Meeting |
| 2021-09-22 | Other | Annual General Meeting |
| 2020-09-22 | Other | Annual General Meeting |
| 2019-09-05 | Other | Annual General Meeting |
| 2018-09-19 | Other | Annual General Meeting |
| 2017-11-06 | Other | Annual General Meeting |
| 2016-12-15 | Other | Annual General Meeting |
| 2015-09-18 | Other | Annual General Meeting |
| 2015-03-16 | Other | Annual General Meeting |
| 2014-01-31 | Other | Annual General Meeting |
| 2012-08-02 | Other | Annual General Meeting |
| 2011-09-13 | Other | Annual General Meeting |
| 2010-09-13 | Other | Annual General Meeting |
| 2009-09-03 | Dividend | Dividend-Re.1/- Per Share |
| 2008-09-18 | Dividend | Agm/Dividend - 5% |
| 2008-02-14 | Dividend | Interim Dividend-5% |
| 2007-09-19 | Other | Agm |
| Other | Agm |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Industrials |
| Industry | Civil Construction |
| Sub-industry | Civil Construction |
| Symbol | WSI |
| BSE code | 504220 |
| ISIN | INE100D01014 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.