Operates in construction and infrastructure through its Infra Division, while developing real estate on owned land. Most recent activity is a senior living and care project at Poonamalee, ORR, Chennai, where it acts as Developer on about 4 acres with FSI 3.25 and 5,66,280 sq ft of built-up area, in return for 7.5 percent of project topline as a fixed return. The Infra Division had revenue of ₹28.97 crore as of period ending 2022-12-31, and Electro-porcelain products — contributing ₹22.03 crore in the same period — are now classified as Discontinued Operations. The company is investing heavily, with capex running at 96.7 percent of FY26 revenue of ₹91.5 crore. Materials are the largest operating cost line at 38.1 percent of revenue, followed by other opex at 46.8 percent. It has also sold approximately 2,365 sq metres of vacant industrial land near Bengaluru to Aarnav Business Park for not less than ₹6.04 crore. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Infra Division (57%), Electro-porcelain products (43%), Real estate development, Investment Property (0%), Turnkey Projects (0%). Asset-heavy civil construction and real estate development, with a discontinued electro-porcelain manufacturing legacy
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 80 | 326 | 239 | 92 |
| EBITDA (ex other income) | (1) | 4 | 41 | 11 | 9 |
| margin % | — | 5.6 | 12.5 | 4.5 | 10.3 |
| Owners' profit | (59) | 20 | 47 | (18) | 3 |
| EPS, as reported (₹) | (22.98) | 4.45 | 10.00 | (3.08) | 0.33 |
| ROE % · ROCE % | 256.6 · (1.7) | 30.2 · 7.3 | 34.2 · 20.5 | (8.9) · 4.6 | 0.6 · 2.5 |
| Debt / equity (x) | (3.22) | 0.99 | 0.52 | 0.43 | 0.17 |
| Cash from operations | (16) | (105) | 113 | (83) | (6) |
| Capex | (0) | (1) | (127) | (8) | (88) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 62 | 66 | 40 | 26 | 24 | 21 | 21 | 0 |
| Profit before tax | 5 | (4) | (2) | 2 | 0 | (2) | 3 | 2 |
| 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 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| LARSEN & TOUBRO LTD. | 5,40,766 | 32.6 | 4.21 | 19.5 | 14.7 | 11.9 | 16.0 | 12.5 |
| RAIL VIKAS NIGAM LIMITED | 42,722 | 47.5 | 4.35 | 30.4 | 8.9 | 7.5 | 5.8 | 7.5 |
| KALPATARU PROJECT INT LTD | 24,541 | 21.6 | 3.17 | 11.1 | 13.3 | 15.0 | 16.0 | 10.0 |
| IRB INFRA DEV LTD. | 23,770 | 18.2 | 1.13 | 10.5 | 4.1 | 2.5 | 7.6 | 55.6 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 10 Sept 2026 · Promoter S. Aravindan buys 15,000 shares via open market | ownership changes | medium | — | — |
| 9 Sept 2026 · Promoter Mamatha P buys 7,291 shares of W.S. Industries via open market | ownership changes | medium | — | — |
| 8 Sept 2026 · Corrigendum to 63rd AGM notice: one director appointment withdrawn | compliance | minimal | — | — |
| 8 Sept 2026 · Promoter S. Aravindan buys 8,869 shares of WS Industries via open market | ownership changes | medium | — | — |
| 7 Sept 2026 · Corrigendum to 63rd AGM Notice: Director appointment item withdrawn | board shareholder meetings | low | — | — |
| 7 Sept 2026 · Corrigendum to 63rd AGM Notice - Item 3 withdrawn after director resignation | board shareholder meetings | low | — | — |
| 7 Sept 2026 · WS Industries promoter Sanu Raghav buys 2,350 shares in open market | ownership changes | medium | — | — |
| 7 Sept 2026 · Promoter S Aravindan buys 10000 shares of WS Industries via open market | ownership changes | medium | — | — |
| 7 Sept 2026 · Promoter group member buys 1,709 shares of W.S. Industries | ownership changes | medium | — | — |
| 4 Sept 2026 · Independent Director resigns; board committee composition updated | management changes | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| NBCC (INDIA) LIMITED | 22,383 | 30.3 | 6.96 | 18.8 | 23.1 | 29.7 | 13.5 | 9.6 |
| CEMINDIA PROJECTS LIMITED | 21,472 | 35.7 | 8.95 | 18.2 | 24.9 | 31.7 | 29.8 | 10.5 |
| ENGINEERS INDIA LTD | 15,144 | 19.3 | 4.81 | 16.9 | 22.0 | 26.5 | 4.6 | 20.1 |
| TECHNO ELEC & ENG CO. LTD | 11,339 | 26.3 | 2.73 | 18.6 | 11.4 | 12.4 | 29.6 | 20.4 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 205.0 | 14.9 | 104 of 107 | 3% |
| P/B | 1.2 | 1.4 | 37 of 86 | 58% |
| ROCE | 0.6 | 10.0 | 95 of 109 | 13% |
| ROE | 0.6 | 9.2 | 76 of 91 | 17% |
| Debt / Equity | 0.2 | 0.3 | 27 of 91 | 71% |
| EBITDA margin | 972.1 | 12.4 | 1 of 88 | 100% |
| Revenue growth | (98.3) | 6.2 | 85 of 86 | 1% |
| Profit growth | 31.6 | 2.7 | 23 of 84 | 74% |
| Market cap | 467 | 485 | 55 of 108 | 50% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
