WSIIndustrials

W S Industries (I) Limited

Civil Construction · ISIN INE100D01014 · BSE 504220 · NSE EQ · FV ₹10
Last price
₹57
+1.00%today
What this company does

W S Industries (I) Limited operates in Civil Construction, part of the Industrials sector. It booked ₹43 L of revenue in its latest quarter (Q1 FY27) and kept 446.5% of sales as profit.

In the report:
42out of 100
Equitytale Health Score
Strained

Healthier than 42% of companies in Industrials, on all six measures of filed financials. Each measure is ranked against the 60–290 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
39

At close. Not part of the score.

Profitability & returns37

How much profit it earns on the money it employs

Balance sheet52

How much it owes, and whether earnings cover the interest

Cash quality6

Whether reported profit actually arrives as cash

Growth & consistency40

Whether sales and profit have grown, and how steadily

Valuation42

What today's price implies, against our models or its peers

Governance & risk93

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 447% net margin
Profit up 33% vs last year
Promoters hold 52%
Turns profit into real cash
Watch-outs
! Sales down 98% vs last year
! 2.2% of promoter stake pledged
! Low 1.9% return on equity

What if I invest in WSI?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹57 +1.00%
latest close · 2026-09-17
1-year return
+1389.5%
52-wk low ₹352-wk high ₹66
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio59.0High
LowAverageHigh
P/B ratio1.09Moderate
Below bookModerateHigh
EV / EBITDA28.0High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity1.9%Weak
WeakFairStrong ▸15%
Return on capital3.3%Weak
WeakFairStrong
Net margin446.5%Strong
ThinDecentStrong
EBITDA margin972.1%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.17Comfortable
LowModerateHigh ▸1
Interest cover2.0×Risky
RiskyOkayStrong ▸5×
Current ratio3.08Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹430 cr
Book value
₹52
EPS
₹0.24
latest quarter
Net debt
₹38 cr
owes more than its cash
Enterprise value
₹468 cr
EBITDA
₹17 cr
annualised
EBIT
₹15 cr
annualised
Operating margin
895.3%
Return on assets
1.4%
Earnings yield
1.70%
P/S
249.76
Sales / share
₹0.2
Tax rate
4.8%
Face value
₹10
Shares
7.6 cr
Working capital
₹163 cr
Current assets
₹241 cr
Current liabilities
₹78 cr
Delivery %
48.7%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹17₹17, midpoint ₹17

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹43 L
Other Income₹7 cr
Total Income₹7 cr
Cost of Materials₹16 L
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹65 L
Finance Costs₹2 cr
Depreciation & Amortisation₹33 L
Other Expenses₹2 cr
Total Expenses₹5 cr
Exceptional Items₹16 L
Profit before Tax₹2 cr
Tax Expense₹9 L
Net Profit₹2 cr
Net margin on total income25.5%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹16 L2.2%
Employee benefit expense₹65 L9.0%
Finance costs₹2 cr27.4%
Depreciation & amortisation₹33 L4.6%
Other expenses₹2 cr30.6%
Tax expense₹9 L1.3%
Profit for the period₹2 cr24.9%
Total income ₹7 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue21 cr21 cr43 L
Total income21 cr23 cr7 cr
Expenses24 cr20 cr5 cr
Profit before tax-2 cr3 cr2 cr
Tax-19 L45 L9 L
Net profit (owners' share)-2 cr3 cr2 cr
Net margin (owners' share, on revenue)-9.3%12.8%446.5%
EPS (₹)-0.340.390.24
YoY (latest quarter): total income -73.8% · net profit +33.3%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹540 cr
Shareholder equity
₹395 cr
parent shareholders
Total debt
₹66 cr
Cash
₹28 cr
Cash flow · H1 FY26
Operating
₹12 cr
Investing
₹-38 cr
Financing
₹4 cr
Peer comparison
Civil Construction · by market value
CompanyPriceMarket capP/E
Larsen & Toubro Limited₹3,836₹5.28 L cr32.0
Rail Vikas Nigam Limited₹202₹42,055 cr66.3
Kalpataru Projects International Limited₹1,399₹23,900 cr19.3
IRB Infrastructure Developers Limited₹19₹22,767 cr18.9
NBCC (India) Limited₹82₹22,175 cr36.0
Cemindia Projects Limited₹1,255₹21,563 cr38.3
Engineers India Limited₹264₹14,824 cr23.5
Techno Electric & Engineering Company Limited₹985₹11,452 cr30.7
KEC International Limited₹402₹10,700 cr36.8
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-06-30
2.1% pledged
Promoter
51.7%
FII / Foreign
13.5%
DII / Domestic
0.1%
Retail / others
34.7%
Promoter stake down 8.7% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtMamatha P · Promoter Group20,400 · ₹11.7 L15 Sep 26
BoughtMamatha P · Promoter Group380 · ₹22,49810 Sep 26
BoughtS. Aravindan · Promoter15,000 · ₹9.0 L8 Sep 26
Bulk / block deals
BoughtCERAMET CONSULTANTS PVT LTD · NSE1.81 L @ ₹10.413 Dec 21
SoldINVENTURE GROWTH & SECURITIES LIMITED · NSE1.21 L @ ₹8.0712 Dec 17
BoughtINVENTURE GROWTH & SECURITIES LIMITED · NSE96,168 @ ₹8.1612 Dec 17
Stake changes
BoughtMamatha P · promoter→ 1.38% · 8,06731 Aug 26
BoughtS. Aravindan · promoter→ 6.15% · 1,88528 Aug 26
BoughtMamatha P · promoter→ 1.37% · 7,90027 Aug 26
Promoter pledges
PledgedMrs. Aparna Ramesh2.00 L · 0.00% held20 Aug 26
PledgedTwentieth Century Apco Leasing Private Ltd8.43 L · 0.00% held31 Mar 26
ReleasedEdelweiss Asset Reconstruction Company Limited2.90 L · 1.10% held6 Jan 22
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Special shareholder meeting · 20 Feb 2026
See the official result
1
To Consider and Approve the proposal for revision and rearrangement in the utilisation of funds raised through the Preferential issue of equity shares and convertible warrants of the FY 2025-26, approved by the shareholders at the 2nd Extra-Ordinary General meeting held on 12th December, 2025, consequent upon partial subscription of equity shares and re-prioritised deployment of funds.
Backed by 96% of shareholders other than promotersneeded 75%
12.79 L votes for, 50,600 against · 0% of mutual funds and other big investors said no
2
To Consider and approve Extension of Timeline for Utilisation of Funds Raised through Preferential Issue of Convertible Warrants approved at the Extra-Ordinary General Meeting Held On 02nd May 2024.
Backed by 96% of shareholders other than promotersneeded 75%
12.79 L votes for, 50,750 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 15 named members
owning 51.7% between them · as of 2026-06-30
SEYYADURAI NAGARAJAN11.74%
TRINEVA INFRA PROJECTS PRIVATE LIMITED11.74%
ARAVINDAN6.09%
SATHIYAMOORTHY ANANDAVADIVEL6.09%
CHINNIAMPALAYAM KULANDAISAMY VENKATACHALAM6.00%
CHINNIAMPALAYAM KULANDAISAMY BALASUBRAMANIAM5.78%
PRAKASH K V2.83%
MAMATHA P1.31%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it
3 fundraises spent differently than promised

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹37 L raised in Mar 2026 by selling shares to selected investors

As of Jun 2026, the company says it has spent 0% of what it set aside, leaving ₹37 L still to be spent.

Investment in real estate for setting up warehousing, logistics & industrial park projects, light engineering, electronic factories, new acquisitions, either by the Company or through its one or more subsidiary(ies)
0%
₹0 cr of ₹28 L
Deployment towards working capital
0%
₹0 cr of ₹3 L
General Corporate Purposes
0%
₹0 cr of ₹6 L
₹13 cr raised in Jan 2026 by selling shares to selected investors

As of Jun 2026, the company says it has spent 0% of what it set aside, leaving ₹13 cr still to be spent. M/s.India Ratings and Research Pvt. Ltd watches the spending on the exchange’s behalf.

Acquisition and Development of Land, including Associated Incidental Cost / Expenses.
0%
₹0 cr of ₹13 cr
₹99 cr raised in Jan 2026 by selling shares to selected investors
⚑ company reported a change of plan

As of Jun 2026, the company says it has spent 6% of what it set aside, leaving ₹94 cr still to be spent. M/s.India Ratings and Research Pvt. Ltd watches the spending on the exchange’s behalf.

The Original objects of the issue were approved by the shareholders at the 2nd Extra-Ordinary General Meeting of FY 2025-26 held on 12th December 2025. Pursuant thereto, the Company allotted 99,43,125 equity shares at Rs. 100/- per share on 02nd January 2026. Subsequently, the Shareholders, at the 3rd Extra-Ordinary General Meeting of FY 2025-26 held on 20th February, 2026 approved a variation in the object-wise utilisation of funds so raised.the company’s own explanation, as filed · shareholders approved the change
Acquisition and Development of land, including Associated Incidental costs/Expenses.
now filed as: Acquisition and Development of land, including Associated Incidental costs/Expenses.
originally ₹65 cr
budget changed
0%
₹0 cr of ₹60 cr
Redemption of Preference Shares
now filed as: Redemption of Preference Shares
originally ₹13 cr
budget changed
0%
₹0 cr of ₹9 cr
Redemption of Non-Convertible Debentures (NCDs), in part, exclusively for principle alone not intended to pay interest portion
now filed as: Redemption of Non-Convertible Debentures (NCDs), in part, exclusively for principle alone not intended to pay interest portion
originally ₹19 cr
budget changed
0%
₹0 cr of ₹9 cr
Working Capital Requirements
now filed as: Working Capital Requirements
originally ₹34 cr
budget changed
49%
₹5 cr of ₹11 cr
General Corporate Purposes
now filed as: General Corporate Purposes
originally ₹15 cr
budget changed
5%
₹46 L of ₹10 cr
₹56 cr raised in Oct 2025 by selling shares to selected investors
⚑ company reported a change of plan

As of Jun 2026, the company says it has spent 15% of what it set aside, leaving ₹48 cr still to be spent. M/s.India Ratings and Research Pvt. Ltd watches the spending on the exchange’s behalf.

The Original objects of the issue were approved by the shareholders at the 1st Extra-Ordinary General Meeting of FY 2025-26 held on 25th July 2025. Pursuant thereto, the Company allotted 2,25,00,000 convertible warrants at Rs. 100/- per warrant on 29th October 2025, against which 25% upfront consideration amounting to ₹56.25 crore was received. Subsequently, the shareholders, at the 2nd Extra-Ordinary General Meeting of FY 2025–26 held on 12th December 2025, approved a variation in the object-wise utilisation of the funds so raised.the company’s own explanation, as filed · shareholders approved the change
Acquisition and Development of Land, including Associated Incidental Cost / Expenses.
now filed as: Acquisition and development of land, including Associated, incidental Costs
originally ₹54 cr
budget changed
21%
₹8 cr of ₹40 cr
Working Capital Requirements.
now filed as: Working Capital Requirements
originally ₹6 cr
budget changed
1%
₹2 L of ₹4 cr
General Corporate Purposes
now filed as: General Corporate Purposes
originally ₹4 cr
budget changed
0%
₹0 cr of ₹4 cr
Redemption of Non-Convertible Debentures (NCDs), in part, exclusively for principle alone not intended to pay interest portion
now filed as: Repayment of outstanding Security Deposits
originally ₹5 cr
budget changed
0%
₹0 cr of ₹8 cr
Spent by quarter: 44%15% (to Jun 2026) · 1 earlier quarter is left out because the company restated its figures
₹56 cr raised in Oct 2025 by selling shares to selected investors
⚑ company reported a change of plan

As of Dec 2025, the company says it has spent 31% of what it set aside, leaving ₹39 cr still to be spent. M/s.India Ratings and Research Pvt. Ltd watches the spending on the exchange’s behalf.

The Original objects of the issue were approved by the shareholders at the 1st Extra-Ordinary General Meeting of FY 2025-26 held on 25th July 2025.Subsequently, variation in the object-wise utilisation of funds was approved by the shareholders at the 2nd Extra-Ordinary General Meeting, of FY 2025-26 held on 12th December 2025, in respect of 2,25,00,000 convertible warrants allotted at Rs.100/- per warrant on 29th October 2025, against which 25% upfront consideration amounting to Rs.56.25 crore was received.the company’s own explanation, as filed · shareholders approved the change
Acquisition and Development of Land, including Associated Incidental Cost / Expenses.
now filed as: Acquisition and development of land, including Associated, incidental Costs
originally ₹54 cr
budget changed
21%
₹9 cr of ₹40 cr
Working Capital Requirements.
now filed as: Working Capital Requirements
originally ₹6 cr
budget changed
0%
₹0 cr of ₹4 cr
General Corporate Purposes
now filed as: General Corporate Purposes
originally ₹4 cr
budget changed
52%
₹2 cr of ₹4 cr
Redemption of Non-Convertible Debentures (NCDs), in part, exclusively for principle alone not intended to pay interest portion
now filed as: Repayment of Outstanding Security Deposits
originally ₹5 cr
budget changed
81%
₹7 cr of ₹8 cr

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.