W.S. Industries (India) Limited (WSI) AI Stock Analysis

• Market Cap: ₹4.88B
• Dividend Yield: N/A
• Average Volume (3M): 13.51K
• Price to Earnings (P/E): 67.2
• Beta (1Y): 1.41
• Revenue Growth: -45.10%
• EPS Growth: -132.72%
• Country: IN
• Employees: 117
• Sector: Services
• Sector Strength: N/A
• Industry: Electrical Equipment & Parts
• EPS (TTM): 0.23
• Shares Outstanding: 63,918,750
• 10 Day Avg. Volume: 7,935
• 30 Day Avg. Volume: 13,512
• PEG Ratio: 0.19
• Price to Book (P/B): 2.15
• Price to Sales (P/S): 1.79
• P/FCF Ratio: -4.70
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹73.00
• Price Target Upside: -4.46% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 42 Neutral
• Price Target: ₹73.00 ▼(-4.46% Downside)

The overall stock score is primarily impacted by significant financial challenges, including declining revenues and high leverage. Technical analysis indicates a bearish trend, and valuation metrics are concerning with a negative P/E ratio. The absence of earnings call data and corporate events limits further insights.

W.S. Industries (India) Limited Business Overview & Revenue Model

Company Description

W.S. Industries (India) Limited engages in the manufacture and sale of porcelain insulators for electrical high voltage transmission, substation, and distribution applications in India and internationally. The company operates in two segments, Electro-Porcelain Products and Turnkey Projects. It offers suspension insulators that include normal, anti-fog, aerodynamic, and super fog types for HV and UHVDC applications; and various profiles of longrod insulators for the light, medium, and heavy pollution categories. The company also offers solidcore insulators to the substation application of busbar support, isolator support, and pantograph and disconnector support; and hollow porcelain insulators for use with instrument transformers, circuit breakers, surge arresters, power transformers, condensor bushings, capacitive dividers, wall through bushings, and other applications, as well as RTV coated insulators. In addition, it provides re-distributed products, which comprise transmission line hardware; galvanized distribution materials, such as cross-arms, spindles, earth rods, etc.; dropout fuses; fiber glass stay insulators; and grading rings for solidcore insulators. Further, the company offers turnkey projects services that include design, supply, installation, testing, and commissioning of sub-stations, transmission line, and network quality regulation projects. W.S. Industries (India) Limited was incorporated in 1961 and is based in Chennai, India.

How the Company Makes Money

WSI generates revenue through the sale of its electrical products, primarily high voltage insulators and porcelain products, which are essential components in the power transmission and distribution sectors. The company supplies these products to a wide range of clients, including utility companies, infrastructure developers, and other industrial customers. Additionally, WSI may engage in strategic partnerships and collaborations with other firms to enhance its product offerings and expand its market reach, thereby contributing to its earnings. Revenue is primarily driven by product sales, but the company may also earn from service contracts and maintenance agreements associated with its product lines.

W.S. Industries (India) Limited Financial Statement Overview

Summary

W.S. Industries (India) Limited faces significant financial challenges, with declining revenues, high leverage, and cash flow issues. The company must improve operational efficiency and reduce dependency on external financing to enhance financial health. While there are improvements in equity, sustaining revenue and managing debt are critical for future stability.

Income Statement

The income statement shows considerable volatility with declining total revenue from 2024 to 2025 and a significant drop in net income, resulting in negative net profit margin. Gross profit margin remains strong, but revenue growth is negative, indicating potential challenges in sustaining sales levels. Negative EBIT and EBITDA margins underscore issues with profitability and operational efficiency.

Balance Sheet

The balance sheet reflects a moderate financial position with a debt-to-equity ratio that suggests a high level of leverage, creating potential risk. Stockholders' equity has improved over the years, indicating efforts to strengthen financial stability. The equity ratio is reasonable, showing a balanced asset structure, but high total liabilities remain a concern.

Cash Flow

The cash flow statement reveals significant cash flow challenges, with negative free cash flow growth and operating cash flow. The company struggles to convert income into cash, as evidenced by negative free cash flow to net income ratio. Financing activities provide some relief but highlight a reliance on external funding.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.88B	2.39B	3.26B	795.85M	0.00	0.00
Gross Profit	876.09M	169.90M	1.61B	95.76M	-10.00K	-10.00K
EBITDA	220.10M	148.20M	408.93M	76.99M	-4.37M	-66.00M
Net Income	5.30M	-175.80M	469.50M	196.40M	-594.14M	-83.78M
Balance Sheet
Total Assets	0.00	4.09B	3.49B	2.39B	815.54M	726.20M
Cash, Cash Equivalents and Short-Term Investments	788.21M	542.90M	385.79M	27.96M	225.76M	2.46M
Total Debt	0.00	871.20M	736.64M	642.50M	873.64M	1.15B
Total Liabilities	-2.24B	2.10B	2.12B	1.74B	1.05B	1.66B
Stockholders Equity	2.24B	1.98B	1.37B	649.54M	-231.56M	-934.28M
Cash Flow
Free Cash Flow	0.00	-907.40M	-140.23M	-1.05B	-162.26M	-142.25M
Operating Cash Flow	0.00	-825.90M	1.13B	-1.05B	-162.13M	-70.59M
Investing Cash Flow	0.00	-135.10M	-1.27B	213.51M	1.42B	-71.66M
Financing Cash Flow	0.00	841.70M	496.90M	619.92M	-1.03B	141.90M

W.S. Industries (India) Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 76.41
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:WSI, the sentiment is Positive. The current price of 76.41 is above the 20-day moving average (MA) of 75.42, below the 50-day MA of 78.92, and below the 200-day MA of 84.65, indicating a neutral trend. The MACD of -0.91 indicates Negative momentum. The RSI at 49.38 is Neutral, neither overbought nor oversold. The STOCH value of 60.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:WSI.

W.S. Industries (India) Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RPPINFRA	72 Outperform	₹6.32B	8.81	―	0.39%	-0.58%	-12.30%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
MBLINFRA	53 Neutral	₹6.45B	2.02	―	―	9.74%	-129.44%
WSI	42 Neutral	₹4.88B	67.20	―	―	-45.10%	-132.72%
IL&FSENGG	36 Underperform	₹3.59B	―	―	―	-4.18%	82.74%