W S Inds. Q4 FY23 Share Price & Earnings Call Analysis

Financials of W S Inds.

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of W S Inds.

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +50.7045.8381.05110.3989.1271.7162.0765.5939.6726.0524.0520.5720.83
Expenses +52.6540.7568.2994.9181.2464.4255.8367.9540.0422.7521.6320.8317.21
Operating Profit-1.955.0812.7615.487.887.296.24-2.36-0.373.302.42-0.263.62
OPM %-3.85%11.08%15.74%14.02%8.84%10.17%10.05%-3.60%-0.93%12.67%10.06%-1.26%17.38%
Other Income +3.551.490.170.140.040.680.831.411.081.080.640.732.01
Interest1.911.521.311.511.631.661.882.312.302.162.262.232.15
Depreciation0.080.080.190.200.260.360.550.560.550.440.440.450.44
Profit before tax-0.394.9711.4313.916.035.954.64-3.82-2.141.780.36-2.213.04
Tax %0.00%0.00%0.00%0.00%-175.95%37.82%16.59%520.16%-22.90%23.60%19.44%-8.60%14.80%
Net Profit +-0.404.9711.4313.9116.643.703.87-23.69-1.651.360.29-2.022.59
EPS in Rs-0.101.112.432.963.310.610.61-3.73-0.240.230.06-0.290.35

Financials of W S Inds.

Profit & Loss

Annual income statement trend

Mar 2015 6mMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +13.477.071.952.250.330.210.000.0079.67326.38239.0491.50
Expenses +29.6130.2821.730.71219.7956.746.600.5379.48285.09227.8682.43
Operating Profit-16.14-23.21-19.781.54-219.46-56.53-6.60-0.530.1941.2911.189.07
OPM %-119.82%-328.29%-1,014.36%68.44%-66,503.03%-26,919.05%0.24%12.65%4.68%9.91%
Other Income +0.68-4.0823.6239.549.340.00-1.78-55.3823.971.833.954.46
Interest25.305.303.88-0.054.870.020.003.504.316.068.468.80
Depreciation6.3511.639.199.179.234.210.000.000.210.732.021.77
Profit before tax-47.11-44.22-9.2331.96-224.22-60.76-8.38-59.4119.6436.334.652.96
Tax %-1.53%1.33%0.98%0.00%0.00%0.00%0.00%0.00%0.00%-29.20%481.72%25.34%
Net Profit +-46.39-44.81-9.3331.96-224.21-60.76-8.38-59.4119.6446.94-17.752.21
EPS in Rs-22.10-20.62-4.4115.12-85.38-23.14-3.19-22.624.709.33-2.770.34
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Financials of W S Inds.

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital21.1421.1421.1421.1426.2626.2626.2626.2641.8050.3363.3875.90
Reserves-139.59-183.18-193.61-161.15-106.79-111.31-119.69-49.4223.1587.10135.08319.23
Borrowings +330.84329.72305.74305.74496.93113.64127.7087.3664.2573.6687.1268.52
Other Liabilities +180.65187.24168.2691.4659.2444.8138.3517.36109.83138.15123.1776.57
Total Liabilities393.04354.92301.53257.19475.6473.4072.6281.56239.03349.24408.75540.22
Fixed Assets +186.22170.3893.2884.10425.630.020.020.0224.52151.07154.26206.88
CWIP0.680.790.700.700.700.000.000.000.000.002.881.26
Investments0.000.000.020.000.000.000.000.000.000.000.000.00
Other Assets +206.14183.75207.53172.3949.3173.3872.6081.54214.51198.17251.61332.08
Total Assets393.04354.92301.53257.19475.6473.4072.6281.56239.03349.24408.75540.22

Financials of W S Inds.

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +-24.01-6.416.37-14.61-118.14-12.29-7.06-16.21-104.59113.24-82.59-5.97
Cash from Investing Activity +-0.030.632.700.09-34.750.12-7.17141.9121.20-127.26-13.51-159.42
Cash from Financing Activity +23.97-4.37-3.739.54153.4910.3714.19-103.3761.9949.7084.17168.00
Net Cash Flow-0.06-10.155.34-4.980.59-1.80-0.0422.33-21.4035.68-11.932.61
Free Cash Flow-24.37-7.006.08-14.61-152.92-12.31-14.23125.58-103.23-14.03-90.74-94.39
CFO/OP142%28%-18%-949%54%22%107%3,058%-55,047%274%-739%-91%

Financials of W S Inds.

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days1,203.931,862.695,898.03459.099,368.3314,930.24386.2194.72112.73232.84
Inventory Days1,567.2312,707.8438.593,228.8525.1941.3535.0310.25
Days Payable1,894.2414,903.681,216.4279,064.62192.17100.1982.9173.20
Cash Conversion Cycle876.92-333.154,720.19-75,376.689,368.3314,930.24219.2335.8864.85169.89
Working Capital Days-4,491.10-14,485.39-61,484.72-45,548.76-131,543.79-220,546.90-181.88-15.1255.98217.52
ROCE %-8.02%-16.21%-3.33%21.34%-75.35%-27.30%-21.00%-0.87%1.22%25.24%5.30%3.06%

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What W S Inds.'s management said in earlier quarters

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