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W.S. Industries (India) Limited
(WSI)
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Rating:40Underperform
Price Target:
₹58.00
▼(-35.78% Downside)
Action:Downgraded
Date:08/18/26
The score is primarily held down by weak financial quality—especially persistently negative free cash flow and volatile earnings—and a very expensive valuation (P/E ~150). Technicals add moderate pressure as the stock trades below key longer-term moving averages with a negative MACD.
Positive Factors
Balance Sheet Repair
Rebuilt equity and lower leverage versus earlier stressed periods improve solvency and financial flexibility. This provides a stronger base for supporting operations and absorbing volatility, although debt has recently increased again.
Negative Factors
Persistently Negative Free Cash Flow
Persistent negative free cash flow limits the company’s ability to finance operations and investment internally. Continued funding needs can increase dependence on borrowing or external capital, weakening financial resilience over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Repair
Rebuilt equity and lower leverage versus earlier stressed periods improve solvency and financial flexibility. This provides a stronger base for supporting operations and absorbing volatility, although debt has recently increased again.
Read all positive factors
W.S. Industries (India) Limited (WSI) vs. iShares MSCI India ETF (INDA)
Market Cap
₹4.65B
Dividend Yield2.28%
Average Volume (3M)11.95K
Price to Earnings (P/E)147.9
Beta (1Y)1.33
Revenue Growth-65.93%
EPS GrowthN/A
CountryIN
Employees71
SectorGeneral
Sector StrengthN/A
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)0.40
Shares Outstanding75,895,320
10 Day Avg. Volume4,733
30 Day Avg. Volume11,952
Financial Highlights & Ratios
PEG Ratio-1.74
Price to Book (P/B)1.27
Price to Sales (P/S)5.48
P/FCF Ratio-5.01
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
W.S. Industries (India) Limited Business Overview & Revenue Model
Company Description
Established in 1961 and headquartered in Chennai, India, W.S. Industries (India) Limited is a key player in the manufacture and global sale of porcelain insulators for high-voltage electrical transmission, substations, and distribution systems. Th...
How the Company Makes Money
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W.S. Industries (India) Limited Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
62
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 658.80M | 915.00M | 2.39B | 3.26B | 795.85M | 0.00 |
| Gross Profit | 280.80M | 119.80M | 169.90M | 1.61B | 95.76M | -10.00K |
| EBITDA | 38.40M | 90.80M | 148.20M | 408.93M | 76.99M | -4.37M |
| Net Income | 30.80M | 25.90M | -175.80M | 469.50M | 196.40M | -594.14M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 5.40B | 4.09B | 3.49B | 2.39B | 815.54M |
| Cash, Cash Equivalents and Short-Term Investments | 1.08B | 1.08B | 542.90M | 385.79M | 27.96M | 225.76M |
| Total Debt | 0.00 | 685.30M | 871.20M | 736.64M | 642.50M | 873.64M |
| Total Liabilities | -3.95B | 1.46B | 2.10B | 2.12B | 1.74B | 1.05B |
| Stockholders Equity | 3.95B | 3.95B | 1.98B | 1.37B | 649.54M | -231.56M |
Cash Flow | ||||||
| Free Cash Flow | -284.30M | -1.00B | -907.40M | -140.23M | -1.05B | -162.26M |
| Operating Cash Flow | 117.50M | -116.70M | -825.90M | 1.13B | -1.05B | -162.13M |
| Investing Cash Flow | -379.50M | -1.61B | -135.10M | -1.27B | 213.51M | 1.42B |
| Financing Cash Flow | 37.40M | 1.75B | 841.70M | 496.90M | 619.92M | -1.03B |
W.S. Industries (India) Limited Technical Analysis
Negative
90.32
Price Trends
61.58
Negative
65.72
Negative
71.61
Negative
Market Momentum
-0.28
Negative
47.46
Neutral
29.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:WSI, the sentiment is Negative. The current price of 90.32 is above the 20-day moving average (MA) of 60.45, above the 50-day MA of 61.58, and above the 200-day MA of 71.61, indicating a bearish trend. The MACD of -0.28 indicates Negative momentum. The RSI at 47.46 is Neutral, neither overbought nor oversold. The STOCH value of 29.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:WSI.
W.S. Industries (India) Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹187.64B | 24.90 | ― | 0.69% | 26.53% | 29.17% | |
70 Outperform | ₹270.08B | 45.57 | ― | 0.39% | 37.66% | 80.22% | |
69 Neutral | ₹3.15B | 3.82 | ― | 1.19% | -2.00% | -14.07% | |
63 Neutral | ₹2.58B | 23.20 | ― | ― | 45.13% | 226.82% | |
59 Neutral | ₹49.19B | 39.09 | ― | 0.47% | 60.51% | 85.36% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
40 Underperform | ₹4.65B | 147.86 | ― | 2.28% | -65.93% | ― |
* General Sector Average
IN:WSI
W.S. Industries (India) Limited
60.16
-15.89
-20.89%
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W.S. Industries (India) Limited Corporate Events
W.S. Industries Opens SEBI-Mandated Window for Legacy Physical Share Transfers
Jun 19, 2026
W.S. Industries (India) Limited has notified the stock exchanges that it has published a fresh round of newspaper advertisements about a special window for the transfer and dematerialisation of physical securities, as mandated by a SEBI circular i...
W.S. Industries Board Clears Termination of Bengaluru Land Lease and Asset Sale
May 26, 2026
W.S. Industries (India) Limited’s board has approved the mutual surrender and termination of its lease agreement with Aarnav Business Park for a vacant industrial land parcel near Bengaluru, measuring about 2,365 square meters. Instead, the ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.