W.S. INDUSTRIES

Chennai, India Founded: 1961 • Age: 65 yrs Listed
Electrical insulators are manufactured for power transmission applications.

About W.S. INDUSTRIES

W.S. INDUSTRIES is a publicly listed company based in Chennai (India) founded in 1961. Electrical insulators are manufactured for power transmission applications. The company has 106 employees. Its Indian entity W.S. Industries (India) Limited reported revenue of ₹95.96 Cr.

Company details

W.S. Industries was founded in 1961 and is based in Chennai, India. Operations focus on the production of electrical insulators used in high-voltage transmission and distribution systems. The company serves the power sector with products designed for reliability in various environmental conditions. Limited public details are available on specific services or expansions, but activities are centered in the Indian market with potential for regional exports.

  • Headquarters Chennai, India
  • Employees 106
  • Stage Public
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website wsinsulators.com
  • Legal Name W.S. Industries (India) Limited
Key Metrics
  • Market Cap
    ₹512 Cr

    WSI · NSE

  • Share Price
    ₹67.82

    +0.58% today

  • Revenue
    ₹91.50 Cr

    FY 2025-26 · -61.7% YoY

  • EBITDA
    ₹9.07 Cr

    Margin 9.9%

  • Net Profit
    ₹2.36 Cr

    FY 2025-26 · +113.3% YoY

  • P/E (TTM)
    173.0x

    P/B 1.4x

  • Employee Count
    106

Board of directors of W.S. Industries (India) Limited (W.S. INDUSTRIES)

W.S. Industries (India) Limited is the primary company behind W.S. INDUSTRIES. The board of W.S. Industries (India) Limited currently have 8 directors; the longest-serving is Ramachandran Karthik, appointed in 2016. 25 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Ramachandran Karthik
DIN 07627521
Director01 Nov 201610 yrsW.S. Industries (India) Limited
Jayaraman Sridharan
DIN 07720632
Director21 Aug 20179 yrs 2 moW.S. Industries (India) Limited
Raghavan Suguna
DIN 06601230
Director14 Feb 20224 yrs 8 moW.S. Industries (India) Limited
Chinniampalayam Kulandaisamy Venkatachalam
DIN 00125459
Managing Director10 Jun 20224 yrs 5 moW.S. Industries (India) Limited
Anandavadivel Sathiyamoorthy
DIN 07783796
Director10 Jun 20224 yrs 5 moW.S. Industries (India) Limited
Kalavar Vittal Rao Prakash
DIN 01085040
Whole-time director22 Jul 20224 yrs 3 moW.S. Industries (India) Limited
Revathi Raghunathan
DIN 01254043
Director22 Jul 20224 yrs 3 moW.S. Industries (India) Limited
Seyyadurai Nagarajan
DIN 07036078
Director22 Jul 20224 yrs 3 moW.S. Industries (India) Limited

People of W.S. INDUSTRIES

1 people are tracked at W.S. INDUSTRIES (1 in leadership); the tracked headcount is 106.

NameRoleGroup
Managing DirectorLeadership
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IPO & Listings of W.S. INDUSTRIES

W.S. INDUSTRIES is a publicly listed company on the NSE with ticker symbol WSI in India, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date01 Aug 2007
  • Listed onNSE: WSI
  • Listed entityW.S. Industries (India) Limited
  • Exchange sectorProducer manufacturing
  • ISININE100D01014
  • Share price₹64.50 (-0.88% on the day) · 2026-10-14
  • Market capitalisation₹492 Cr
  • Price to earnings192.1
  • EPS (diluted, trailing year)₹0.34
  • Volume (last session)31,802

Financials of W.S. INDUSTRIES

Exchange-reported figures of W.S. Industries (India) Limited, the listed company behind W.S. INDUSTRIES (NSE: WSI).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹91.50 Cr
-61.7% YoY
EBITDA
₹9.07 Cr
-18.5% YoY
Profit After Tax
₹2.36 Cr
+113.3% YoY
Net Worth
₹395 Cr
+99.1% YoY
Total Assets
₹478 Cr
+58.0% YoY
Total Debt
₹68.52 Cr
-21.3% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue91.5023932679.670.000.000.21
Revenue growth-61.7%-26.8%+309.7%---100.0%-
EBITDA9.0711.1339.39(3.97)(56.02)(8.38)(56.53)
EBITDA margin+9.9%+4.7%+12.1%-5.0%---
Profit before tax2.964.6536.3319.63(59.42)(8.38)(60.76)
Net profit2.36(17.77)47.4913.31(3.94)(6.60)(60.76)
Net profit margin+2.6%-7.4%+14.6%+16.7%---
EPS (₹)0.31(2.77)9.334.70(22.62)(3.19)(23.14)
Balance sheet
Total assets47830323113064.2334.2728.59
Net worth39519813764.95(23.16)(80.68)(72.30)
Total debt68.5287.1273.6664.2587.36115101
Cash & bank10833.2738.582.8022.580.250.28
Net working capital17989.1448.91(8.14)19.24(26.62)(25.71)
Cash flow
Cash from operations(5.96)(82.59)113(105)(16.21)(7.06)(12.29)
Cash from investing(159)(13.51)(127)22.82142(7.17)0.12
Cash from financing16884.1749.7061.99(103)14.1910.37
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue0.4320.8320.5724.0526.0539.6765.5962.07
Revenue growth (YoY)-98.4%-47.5%-68.6%-61.3%-63.7%---
Other income6.762.010.730.641.081.081.410.83
EBITDA(2.58)3.62(0.26)2.423.30(0.37)(2.36)6.24
EBITDA margin-600.0%+17.4%-1.3%+10.1%+12.7%-0.9%-3.6%+10.1%
Depreciation0.330.440.450.440.440.550.560.55
Interest1.972.152.232.262.162.302.311.88
Profit before tax1.883.04(2.21)0.361.78(2.14)(3.82)4.64
Tax0.090.45(0.19)0.070.42(0.49)19.870.77
Net profit1.792.59(2.02)0.291.36(1.65)(23.69)3.87
EPS (₹)0.220.37(0.34)0.010.19(0.34)(4.01)0.64
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue91.5023932679.670.000.000.21
Revenue growth-61.7%-26.8%+309.7%---100.0%-
EBITDA9.4414.4140.630.14(55.92)(8.36)(56.38)
EBITDA margin+10.3%+6.0%+12.5%+0.2%---
Profit before tax2.567.1315319.64(59.33)(8.36)(60.59)
Net profit1.58(15.38)48.7013.32(3.85)(6.58)(60.59)
Net profit margin+1.7%-6.4%+14.9%+16.7%---
EPS (₹)0.21(2.41)32.454.70(22.59)(3.18)(23.07)
Balance sheet
Total assets56939331813064.2734.3228.62
Net worth51331725465.01(23.11)(80.63)(72.27)
Total debt55.7675.7263.4764.2587.36115101
Cash & bank10833.1238.072.7522.570.180.22
Net working capital23311650.60(8.20)19.23(26.69)(25.78)
Cash flow
Cash from operations(5.04)(83.90)113(105)(16.11)(7.03)(12.12)
Cash from investing(159)(11.86)(96.26)22.77142(7.20)(0.04)
Cash from financing16684.1918.2061.99(103)14.1910.37
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue0.4320.8320.5724.0526.0539.6765.5962.07
Revenue growth (YoY)-98.4%-47.5%-68.6%-61.3%-63.7%---
Other income6.231.480.200.100.550.560.870.29
Total expenses2.9017.1520.7021.5022.6939.4767.8455.76
EBITDA(2.47)3.68(0.13)2.553.360.20(2.25)6.31
EBITDA margin-574.4%+17.7%-0.6%+10.6%+12.9%+0.5%-3.4%+10.2%
Depreciation0.330.450.450.440.440.540.560.55
Interest1.581.821.891.911.822.001.941.53
Profit before tax1.852.89(2.27)0.301.65(1.78)(3.88)4.52
Tax0.090.46(0.19)0.070.42(0.49)19.870.77

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 11 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue0.4320.8320.5724.0526.0539.6765.5962.07
Revenue growth (YoY)-98.4%-47.5%-68.6%-61.3%-63.7%---
Other income6.762.010.730.641.081.081.410.83
EBITDA(2.58)3.62(0.26)2.423.30(0.37)(2.36)6.24
EBITDA margin-600.0%+17.4%-1.3%+10.1%+12.7%-0.9%-3.6%+10.1%
Depreciation0.330.440.450.440.440.550.560.55
Interest1.972.152.232.262.162.302.311.88
Profit before tax1.883.04(2.21)0.361.78(2.14)(3.82)4.64
Tax0.090.45(0.19)0.070.42(0.49)19.870.77
Net profit1.792.59(2.02)0.291.36(1.65)(23.69)3.87
EPS (₹)0.220.37(0.34)0.010.19(0.34)(4.01)0.64
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue91.5023932679.670.000.000.21
Revenue growth-61.7%-26.8%+309.7%---100.0%-
Other income4.464.003.7328.120.100.000.00
Total expenses82.4322828783.6456.028.3856.74
Employee cost0.006.187.464.190.290.280.29
EBITDA9.0711.1339.39(3.97)(56.02)(8.38)(56.53)
EBITDA margin+9.9%+4.7%+12.1%-5.0%---
Depreciation1.772.020.730.210.000.004.21
Interest8.808.466.064.313.500.000.02
Profit before tax2.964.6536.3319.63(59.42)(8.38)(60.76)
Tax0.7522.40(10.61)0.000.000.000.00
Net profit2.36(17.77)47.4913.31(3.94)(6.60)(60.76)
Net profit margin+2.6%-7.4%+14.6%+16.7%---
EPS (₹)0.31(2.77)9.334.70(22.62)(3.19)(23.14)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital75.9063.3850.3341.8026.2639.0139.01
Reserves & surplus31213484.4718.39(49.42)(120)(111)
Shareholders' funds (net worth)39519813764.95(23.16)(80.68)(72.30)
Minority interest(0.46)(0.08)0.000.000.000.000.00
Secured loans52.4561.6348.030.0039.1113.270.00
Unsecured loans16.0725.4925.6364.2548.25102101
Total debt68.5287.1273.6664.2587.36115101
Total liabilities47830323113064.2334.2728.59
Assets
Gross block21215715224.810.110.110.11
Net block20715415124.520.020.020.02
Capital work in progress1.262.880.000.000.000.000.00
Investments0.000.000.000.000.000.000.00
Inventories2.0510.8418.773.530.000.000.00
Sundry debtors58.3773.8384.7084.300.150.168.59
Cash & bank balances10833.2738.582.8022.580.250.28
Loans & advances72.4777.1825.5510.0613.8411.3210.22
Total current assets24119516810136.5711.7319.09
Total current liabilities61.8210611910917.3338.3544.80
Net working capital17989.1448.91(8.14)19.24(26.62)(25.71)
Total assets47830323113064.2334.2728.59
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash24.9336.861.1822.580.250.282.08
Net cash from operating activities(5.96)(82.59)113(105)(16.21)(7.06)(12.29)
Net cash from investing activities(159)(13.51)(127)22.82142(7.17)0.12
Net cash from financing activities16884.1749.7061.99(103)14.1910.37
Net change in cash2.61(11.93)35.68(19.78)22.33(0.04)(1.80)
Closing cash10833.2738.582.8022.580.250.28
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-61.7%-26.8%+309.7%---100.0%-
EBITDA growth-18.5%-71.7%+1092.2%+92.9%-568.5%+85.2%-
PBT growth-36.3%-87.2%+85.1%+9998.0%-609.1%+86.2%+72.9%
Net income growth+113.3%-137.4%+256.8%+437.8%+40.3%+89.1%-
Revenue CAGR (3Y)+4.7%--+623.9%-100.0%-100.0%-52.4%
EBITDA CAGR (3Y)----58.7%-36.6%-+41.9%
Profitability & leverage
Net income margin+2.4%-7.4%+14.4%+24.6%---
Return on capital employed-0.0%+6.2%+0.3%0.0%0.0%0.0%
Return on net worth-0.0%+7.8%+4.9%0.0%0.0%0.0%
Debt / equity-0.540.8588.670.000.000.00
Long-term debt / equity-0.380.5341.520.000.000.00
Interest cover120.5592.8615.68-103.11-6.250.00-0.03
Efficiency & per share
Fixed asset turnover-1.784.770.000.000.000.00
Inventory turnover-16.1529.2745.140.000.000.37
Debtors turnover-3.023.861.890.000.000.02
EPS (₹)0.31(2.77)9.334.70(22.62)(3.19)(23.14)
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)0.0028.0522.809.60(16.45)(46.55)(43.36)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue0.4320.8320.5724.0526.0539.6765.5962.07
Revenue growth (YoY)-98.4%-47.5%-68.6%-61.3%-63.7%---
Other income6.231.480.200.100.550.560.870.29
Total expenses2.9017.1520.7021.5022.6939.4767.8455.76
EBITDA(2.47)3.68(0.13)2.553.360.20(2.25)6.31
EBITDA margin-574.4%+17.7%-0.6%+10.6%+12.9%+0.5%-3.4%+10.2%
Depreciation0.330.450.450.440.440.540.560.55
Interest1.581.821.891.911.822.001.941.53
Profit before tax1.852.89(2.27)0.301.65(1.78)(3.88)4.52
Tax0.090.46(0.19)0.070.42(0.49)19.870.77
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue91.5023932679.670.000.000.21
Revenue growth-61.7%-26.8%+309.7%---100.0%-
Other income2.331.8711924.020.090.000.00
Total expenses82.0622528679.5355.928.3656.59
Employee cost0.006.187.464.190.290.280.29
EBITDA9.4414.4140.630.14(55.92)(8.36)(56.38)
EBITDA margin+10.3%+6.0%+12.5%+0.2%---
Depreciation1.772.020.730.210.000.004.21
Interest7.447.136.034.313.500.000.00
Profit before tax2.567.1315319.64(59.33)(8.36)(60.59)
Tax0.7522.40(10.61)0.000.000.000.00
Net profit1.58(15.38)48.7013.32(3.85)(6.58)(60.59)
Net profit margin+1.7%-6.4%+14.9%+16.7%---
EPS (₹)0.21(2.41)32.454.70(22.59)(3.18)(23.07)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital75.9063.3850.3341.8026.2639.0139.01
Reserves & surplus43025320118.45(49.37)(120)(111)
Shareholders' funds (net worth)51331725465.01(23.11)(80.63)(72.27)
Secured loans39.6950.2337.8435.5074.6185.1813.27
Unsecured loans16.0725.4925.6328.7512.7529.7787.62
Total debt55.7675.7263.4764.2587.36115101
Total liabilities56939331813064.2734.3228.62
Assets
Gross block17311911624.810.110.110.11
Net block16811611524.520.020.020.02
Capital work in progress0.002.350.000.000.000.000.00
Investments1231231220.100.050.120.09
Inventories2.0510.8418.773.530.000.000.00
Sundry debtors58.3773.8384.6984.300.150.168.59
Cash & bank balances10833.1238.072.7522.570.180.22
Loans & advances12010125.5710.0513.8411.3110.21
Total current assets28921816710136.5611.6519.02
Total current liabilities56.4410311610917.3338.3444.80
Net working capital23311650.60(8.20)19.23(26.69)(25.78)
Total assets56939331813064.2734.3228.62
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash24.7836.351.1322.570.180.222.02
Net cash from operating activities(5.04)(83.90)113(105)(16.11)(7.03)(12.12)
Net cash from investing activities(159)(11.86)(96.26)22.77142(7.20)(0.04)
Net cash from financing activities16684.1918.2061.99(103)14.1910.37
Net change in cash2.63(11.57)35.22(19.83)22.39(0.04)(1.80)
Closing cash10833.1238.072.7522.570.180.22
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-61.7%-26.8%+309.7%---100.0%-
EBITDA growth-34.5%-64.5%-+100.3%-568.9%+85.2%-
PBT growth-64.1%-95.3%+677.7%+9998.0%-609.7%+86.2%+73.0%
Net income growth+110.3%-131.6%+265.6%+446.0%+41.5%+89.1%-
Revenue CAGR (3Y)+4.7%--+623.9%-100.0%-100.0%-47.5%
EBITDA CAGR (3Y)+307.0%----36.6%-+48.6%
Profitability & leverage
Net income margin+2.0%-6.4%+50.1%+24.7%---
Return on capital employed-0.0%+6.6%+0.3%0.0%0.0%0.0%
Return on net worth-0.0%+8.1%+4.9%0.0%0.0%0.0%
Debt / equity-0.240.4384.230.000.000.00
Long-term debt / equity-0.160.2539.450.000.000.00
Interest cover97.0057.5515.11-6,157.14-6.260.000.00
Efficiency & per share
Fixed asset turnover-2.045.410.000.000.000.00
Inventory turnover-16.1529.2745.140.000.000.37
Debtors turnover-3.023.861.890.000.000.02
EPS (₹)0.21(2.41)32.454.70(22.59)(3.18)(23.07)
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)0.0049.9949.969.62(16.43)(46.53)(43.35)
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Frequently Asked Questions about W.S. INDUSTRIES

W.S. INDUSTRIES was founded in 1961.

W.S. INDUSTRIES is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.

W.S. INDUSTRIES has 106 employees.

The primary company behind W.S. INDUSTRIES, W.S. Industries (India) Limited, reported revenue of ₹95.96 Cr for FY 2026, down 62% year on year.

W.S. Industries was founded in 1961 and is based in Chennai, India. Operations focus on the production of electrical insulators used in high-voltage transmission and distribution systems. The company serves the power sector with products designed for reliability in various environmental conditions. Limited public details are available on specific services or expansions, but activities are centered in the Indian market with potential for regional exports.

Yes, W.S. INDUSTRIES is publicly traded on NSE under the ticker symbol WSI.

W.S. INDUSTRIES operates through W.S. Industries (India) Limited.

The legal entities of W.S. INDUSTRIES currently have 10 directors, including Chinniampalayam Kulandaisamy Venkatachalam, Ramachandran Karthik, Anandavadivel Sathiyamoorthy and others.

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