W S Industries (I) Limited (WSI) - Net Assets

Latest as of March 2026: Rs3.95 Billion INR ≈ $42.68 Million USD

Based on the latest financial reports, W S Industries (I) Limited (WSI) has net assets worth Rs3.95 Billion INR (≈ $42.68 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs5.40 Billion ≈ $58.42 Million USD) and total liabilities (Rs1.46 Billion ≈ $15.74 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how tangible is W S Industries (I) Limited's equity to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs3.95 Billion
% of Total Assets	73.05%
Annual Growth Rate	11.85%
5-Year Change	N/A
10-Year Change	N/A
Growth Volatility	234.81

W S Industries (I) Limited - Net Assets Trend (2006–2026)

This chart illustrates how W S Industries (I) Limited's net assets have evolved over time, based on quarterly financial data. See WSI cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for W S Industries (I) Limited (2006–2026)

The table below shows the annual net assets of W S Industries (I) Limited from 2006 to 2026. For live valuation and market cap data, see W S Industries (I) Limited (WSI) market capitalisation.

Year	Net Assets	Change
2026-03-31	Rs3.95 Billion ≈ $42.68 Million	+98.94%
2025-03-31	Rs1.98 Billion ≈ $21.45 Million	+44.35%
2024-03-31	Rs1.37 Billion ≈ $14.86 Million	+111.58%
2023-03-31	Rs649.54 Million ≈ $7.02 Million	+380.51%
2022-03-31	Rs-231.56 Million ≈ $-2.50 Million	+75.22%
2021-03-31	Rs-934.28 Million ≈ $-10.10 Million	-9.85%
2020-03-31	Rs-850.51 Million ≈ $-9.20 Million	-5.68%
2019-03-31	Rs-804.77 Million ≈ $-8.70 Million	+42.52%
2018-03-31	Rs-1.40 Billion ≈ $-15.14 Million	-32.81%
2017-03-31	Rs-1.05 Billion ≈ $-11.40 Million	+18.16%
2016-03-31	Rs-1.29 Billion ≈ $-13.93 Million	-331.46%
2015-03-31	Rs-298.56 Million ≈ $-3.23 Million	0.00%
2014-03-31	Rs-298.56 Million ≈ $-3.23 Million	-749.61%
2013-03-31	Rs45.96 Million ≈ $497.04K	-96.76%
2012-03-31	Rs1.42 Billion ≈ $15.34 Million	+102.15%
2011-03-31	Rs701.66 Million ≈ $7.59 Million	-24.21%
2010-03-31	Rs925.78 Million ≈ $10.01 Million	-6.87%
2009-03-31	Rs994.02 Million ≈ $10.75 Million	-5.38%
2008-03-31	Rs1.05 Billion ≈ $11.36 Million	+15.14%
2007-03-31	Rs912.44 Million ≈ $9.87 Million	+117.24%
2006-03-31	Rs420.02 Million ≈ $4.54 Million	--

Equity Component Analysis

This analysis shows how different components contribute to W S Industries (I) Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Common Stock	Rs759.00 Million	19.21%
Other Components	Rs3.19 Billion	80.79%
Total Equity	Rs3.95 Billion	100.00%

W S Industries (I) Limited Competitors by Market Cap

The table below lists competitors of W S Industries (I) Limited ranked by their market capitalization.

Company	Market Cap
Inhwa Precision Co. Ltd KQ:101930	$55.19 Million
Articore Group Ltd AU:ATG	$55.21 Million
Aplisens SA WAR:APN	$55.21 Million
Nebag ag SW:NBEN	$55.22 Million
GCL Global Holdings Ltd Ordinary Shares NASDAQ:GCL	$55.17 Million
Phinergy Ltd TA:PNRG	$55.16 Million
Baylin Technologies Inc TO:BYL	$55.15 Million
Fonet Bilgi Teknolojileri AS IS:FONET	$55.15 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in W S Industries (I) Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2025 to 2026, total equity changed from 1,984,600,000 to 3,951,300,000, a change of 1,966,700,000 (99.1%).
Net income of 25,900,000 contributed positively to equity growth.
Share repurchases of 182,500,000 reduced equity.
New share issuances of 1,939,800,000 increased equity.
Other comprehensive income decreased equity by 4,936,000,000.
Other factors increased equity by 5,119,500,000.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs25.90 Million	+0.66%
Share Repurchases	Rs182.50 Million	-4.62%
Share Issuances	Rs1.94 Billion	+49.09%
Other Comprehensive Income	Rs-4.94 Billion	-124.92%
Other Changes	Rs5.12 Billion	+129.56%
Total Change	Rs-	99.10%

Book Value vs Market Value Analysis

This analysis compares W S Industries (I) Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 1.43x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 2.88x to 1.43x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2006-03-31	Rs23.35	Rs67.22	x
2007-03-31	Rs43.16	Rs67.22	x
2008-03-31	Rs49.70	Rs67.22	x
2009-03-31	Rs37.80	Rs67.22	x
2010-03-31	Rs43.79	Rs67.22	x
2011-03-31	Rs24.24	Rs67.22	x
2012-03-31	Rs58.15	Rs67.22	x
2013-03-31	Rs-7.71	Rs67.22	x
2014-03-31	Rs-24.23	Rs67.22	x
2015-03-31	Rs-24.23	Rs67.22	x
2016-03-31	Rs-70.62	Rs67.22	x
2017-03-31	Rs-49.87	Rs67.22	x
2018-03-31	Rs-63.62	Rs67.22	x
2019-03-31	Rs-30.84	Rs67.22	x
2020-03-31	Rs-32.39	Rs67.22	x
2021-03-31	Rs-35.58	Rs67.22	x
2022-03-31	Rs-8.82	Rs67.22	x
2023-03-31	Rs19.53	Rs67.22	x
2024-03-31	Rs27.70	Rs67.22	x
2025-03-31	Rs33.85	Rs67.22	x
2026-03-31	Rs47.11	Rs67.22	x

Capital Efficiency Dashboard

This dashboard shows how efficiently W S Industries (I) Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 0.66%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 2.83%
• Asset Turnover: 0.17x
• Equity Multiplier: 1.37x
Recent ROE (0.66%) is above the historical average (-1.77%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2006	9.94%	2.84%	1.14x	3.06x	Rs-265.94K
2007	7.15%	3.95%	0.94x	1.92x	Rs-25.99 Million
2008	16.01%	7.41%	0.89x	2.43x	Rs63.16 Million
2009	17.12%	6.09%	0.72x	3.92x	Rs56.85 Million
2010	-12.63%	-5.29%	0.67x	3.57x	Rs-209.53 Million
2011	-78.59%	-15.68%	0.77x	6.49x	Rs-453.88 Million
2012	-52.37%	-28.11%	0.49x	3.78x	Rs-766.74 Million
2013	0.00%	-4.63%	0.36x	0.00x	Rs-47.65 Million
2014	0.00%	-4.63%	0.33x	0.00x	Rs-12.73 Million
2015	0.00%	-85.65%	0.28x	0.00x	Rs-961.40 Million
2016	0.00%	-616.19%	0.02x	0.00x	Rs-286.61 Million
2017	0.00%	-212.01%	0.00x	0.00x	Rs76.29 Million
2018	0.00%	1417.79%	0.01x	0.00x	Rs459.58 Million
2019	0.00%	-68777.30%	0.00x	0.00x	Rs-2.16 Billion
2020	0.00%	-29212.98%	0.00x	0.00x	Rs-522.58 Million
2021	0.00%	-4027.88%	0.00x	0.00x	Rs9.65 Million
2022	0.00%	-27557.51%	0.00x	0.00x	Rs-570.98 Million
2023	30.24%	24.68%	0.33x	3.68x	Rs131.45 Million
2024	34.16%	14.39%	0.93x	2.54x	Rs332.07 Million
2025	-8.86%	-7.35%	0.58x	2.06x	Rs-374.26 Million
2026	0.66%	2.83%	0.17x	1.37x	Rs-369.23 Million

Industry Comparison

This section compares W S Industries (I) Limited's net assets metrics with peer companies in the Engineering & Construction industry.

Industry Context

Industry: Engineering & Construction
Average net assets among peers: $9,786,288,823
Average return on equity (ROE) among peers: 16.13%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
W S Industries (I) Limited (WSI)	Rs3.95 Billion	9.94%	0.37x	$55.17 Million
A2Z Infra Engineering Limited (A2ZINFRA)	$11.77 Billion	6.75%	0.79x	$27.16 Million
AFCONS INFRASTRUCTURE LTD (AFCONS)	$27.03 Billion	13.18%	3.80x	$1.27 Billion
Akash Infra-Projects Limited (AKASH)	$835.99 Million	1.65%	1.30x	$4.86 Million
Ashoka Buildcon Limited (ASHOKA)	$19.75 Billion	14.81%	7.68x	$399.98 Million
AXISCADES Technologies Limited (AXISCADES)	$243.57 Million	13.90%	0.26x	$893.23 Million
Capacit'e Infraprojects Limited (CAPACITE)	$9.29 Billion	0.16%	1.42x	$207.91 Million
Consolidated Construction Consortium Limited (CCCL)	$251.80 Million	51.69%	1.73x	$71.41 Million
Ceigall India (CEIGALL)	$21.46 Billion	14.53%	1.57x	$715.53 Million
Dilip Buildcon Limited (DBL)	$7.19 Billion	25.83%	3.96x	$754.62 Million
Dhruv Consultancy Services Limited (DHRUV)	$42.01 Million	18.80%	1.98x	$5.65 Million

About W S Industries (I) Limited

NSE:WSI India Engineering & Construction

Market Cap

$55.17 Million

Rs5.10 Billion INR

Market Cap Rank

#21596 Global

#1194 in India

Share Price

Rs67.22

Change (1 day)

-0.01%

52-Week Range

Rs61.33 - Rs99.50

All Time High

Rs181.54