W S Industries (I) Limited (WSI) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of W S Industries (I) Limited stock ₹11.85, price ₹67.34, that is 82.4% below the price, quality 18 out of 100. Rating: strongly overvalued. Calculated from audited financials with 12 of our 26 valuation models and 37 quality factors, updated daily.
W.S. Industries (India) Limited operates as infrastructure development and electrical project handling company in India and internationally.
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The company undertakes various infra projects, including hospitals, medical colleges, urban housings, large-scale industrials, electrical substation, transmission, commercial buildings, educational institutions, and roads and bridges; civil infrastructure, such as drainage systems and integrated bus terminal and multi utility facility centers; and turnkey projects comprising design, supply, installation, testing, and commissioning of HV and EHV substations and transmission lines, network quality regulation, eBOP, rural electrifications, R APDRP, renewables, RDSS, and electrical packages.
W.S. Industries (India) Limited was incorporated in 1961 and is based in Chennai, India.
Stock analysis
W S Industries (I) Limited (WSI) currently trades at ₹67.34, while our model-based Fair Value estimate is ₹11.85, 82% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of ₹21.00 per share, and 1 of the 12 models we run sit above the ₹67.34 price.
Bear case: the Growth Earnings group reads lowest at ₹5.42, and 11 of the 12 models stay below the price. Data coverage for this calculation is low.
Scenario range: ₹11.33 (bear) to ₹13.45 (bull), the price of ₹67.34 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 18/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
W S Industries (I) Limited reported revenue of ₹915M in FY2026 versus ₹2.2M in FY2022, a compound +353.9%/yr. Reported net income was ₹25.9M in FY2026.
Key figures
Market cap ₹5.6B (≈ $60.2M) Micro · P/E ratio 240.5 · P/S ratio 8.57 · EPS (TTM) ₹0.2800 · Net margin 4.7% · Return on equity 0.8% · Return on assets (EBIT) 2.9% (5-year average) · Operating margin −677%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 26 out of 100 (low confidence).
What moves the price
The share trades about 27% below its 52-week high and 33% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −42% fair-value upside, at −82%, WSI screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (₹2.84 to ₹234.28). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear₹11.33Fair Value ₹11.85Bull₹13.45
Price ₹67.34 · Downside -82.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (₹0.1711 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
EPV₹13.33₹13.94₹14.4274
ROIC Compounder₹13.33₹13.94₹14.4272
Residual Income₹25.71₹28.05₹30.8171
All 12 models by family
Earnings-Based
Graham-Dodd₹2.32₹2.84₹3.1967
EPV₹13.33₹13.94₹14.4274
Multiples
P/E Multiple₹5.37₹7.17₹8.9663
P/S Multiple₹4.35₹5.80₹7.2558
P/B Multiple₹175.71₹234.28₹292.8555
EV/EBIT₹17.52₹21.61₹25.7066
EV/EBITDA₹16.90₹20.79₹24.6867
EV/Revenue₹14.00₹17.76₹21.5154
Asset-Based
NCAV (Graham)₹8.35₹12.66₹15.8254
Economic Profit
Residual Income₹25.71₹28.05₹30.8171
ROIC Compounder₹13.33₹13.94₹14.4272
Growth Earnings
Growth-Adj P/E₹3.80₹5.42₹7.0567
The fair value above starts from this blend and is adjusted for dilution from new shares.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.46/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−61.7%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+237.8%
Start year 2021 (pandemic). Over 10 years: +29.2% a year
Revenue growth 20 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−2.3%
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What shareholders gained per year (last 3 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−65.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−65.7%
Dividend (yield on the price)0.0%
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−3,174% → 8%
⚠ Revenue per share shrinking 3.1%/yr over ~10Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Compare W S Industries (I) Limited with another stock
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Engineering & Construction · 791 stocks
Beats the industry median on 2/10 measures
Overall it trails its industry peers.
Valuation
Quality Score18 · Bottom 25%
Fair Value upside−82.4% · Bottom 25%
Profitability
Return on equity (12 months)0.8% · Below median
Return on assets0.5% · Below median
Net margin (12 months)4.7% · Above median
Growth and dividend
Revenue growth (quarter YoY)−98.3% · Bottom 25%
Balance sheet
Debt / equity0.13× · Above median
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
P/E (12 months)240.5× · Priciest 25%
P/B1.43× · Cheaper than median
P/S (12 months)8.57× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 34
FUTURE (revenue growth)0· sector 20
PAST (return on equity)3· sector 28
HEALTH (low debt)94· sector 94
DIVIDEND (yield)0· sector 44
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "W S Industries (I) Limited Fair Value". https://www.fairvalue-calculator.com/stock/WSI
Frequently asked questions
Is W S Industries (I) Limited (WSI) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of ₹11.85 versus a price of ₹67.34, about 82% lower (overvalued).
What is the fair value of WSI?
Our model-based fair value for W S Industries (I) Limited is ₹11.85 (as of Nov 7, 2026), built from audited fundamentals. The current price: ₹67.34.
What is the quality score of WSI?
W S Industries (I) Limited has a Quality Score of 18/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for W S Industries (I) Limited (WSI)?
Our model-based price target is the fair value of ₹11.85 (as of Nov 7, 2026) from 12 valuation models. Cautious scenario ₹11.33, optimistic scenario ₹13.45. It is a calculation from audited fundamentals, not an analyst target.
What is the W S Industries (I) Limited stock forecast for 2026?
Our models put fair value at ₹11.85, about 82% lower versus a price of ₹67.34 (overvalued). Cautious scenario ₹11.33, optimistic scenario ₹13.45. The calculation is refreshed regularly with new filings.
What is the revenue of W S Industries (I) Limited (WSI)?
W S Industries (I) Limited reported trailing-twelve-month revenue of about ₹659M (latest available figure, as of Nov 7, 2026).
What is the intrinsic value of W S Industries (I) Limited (WSI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For W S Industries (I) Limited it is ₹11.85 per share (as of Nov 7, 2026), against a price of ₹67.34. It is the blended result of 12 valuation models in 5 families (Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is W S Industries (I) Limited stock overvalued or undervalued in 2026?
As of Nov 7, 2026, WSI trades above its calculated fair value: price ₹67.34, fair value ₹11.85, a gap of about −82% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of WSI?
No. The price is what the market pays today (₹67.34); the fair value is what the company's own numbers justify (₹11.85). For W S Industries (I) Limited the two are ₹55.49 per share apart. That gap is exactly why we show both numbers side by side.
How much is W S Industries (I) Limited worth?
The market values W S Industries (I) Limited at about ₹5.6B (market capitalisation, as of Nov 7, 2026). Per share that is ₹67.34; our models calculate a fair value of ₹11.85 per share.
What do the bullish and bearish scenarios say about WSI?
Our models span a range for W S Industries (I) Limited: cautious scenario ₹11.33, base ₹11.85, optimistic ₹13.45 per share (as of Nov 7, 2026, price ₹67.34). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of WSI?
W S Industries (I) Limited trades at a price-to-earnings ratio of 240.5 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹11.85 is built from several models across several years. Other multiples: P/B 1.4, P/S 8.6.
How solid is the balance sheet of W S Industries (I) Limited (WSI)?
Balance-sheet figures for W S Industries (I) Limited (as of Nov 7, 2026): return on equity 0.8%, debt of 0.13 per unit of equity. They feed the Quality Score of 18/100, which measures business quality independently of the share price.
How far is WSI from its 52-week high?
W S Industries (I) Limited trades at ₹67.34, about 27% below its 52-week high of ₹92.65 and 33% above the low of ₹50.66 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ₹11.85 is for.
Which stocks are comparable to W S Industries (I) Limited?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Larsen & Toubro Limited, Comfort Systems USA, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is W S Industries (I) Limited stock attractive at the current price?
The data as of Nov 7, 2026: price ₹67.34, calculated fair value ₹11.85 (−82%), Quality Score 18/100, from 12 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of WSI calculated?
We run W S Industries (I) Limited through 12 models from 5 families: Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ₹11.85 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. W S Industries (I) Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of W S Industries (I) Limited (WSI)?
The closing price on Nov 6, 2026 was ₹67.34. Our model-based fair value is ₹11.85, about 82% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with W S Industries (I) Limited right now?
The price sits above even our optimistic bull case (₹13.45). The favourable scenario is already priced in. Weak quality (18/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of W S Industries (I) Limited
How large is the market capitalisation of W S Industries (I) Limited (WSI)?
The market capitalisation of W S Industries (I) Limited is ₹5.6B (≈ $60.2M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of W S Industries (I) Limited (WSI)?
The price-to-sales ratio of W S Industries (I) Limited is 8.57 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of W S Industries (I) Limited (WSI)?
Earnings per share at W S Industries (I) Limited are ₹0.2800 (price ÷ EPS = P/E 240.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of W S Industries (I) Limited (WSI)?
The net margin of W S Industries (I) Limited is 4.7% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of W S Industries (I) Limited (WSI)?
The return on equity (ROE) of W S Industries (I) Limited is 0.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of W S Industries (I) Limited (WSI)?
On an EBIT basis the return on assets of W S Industries (I) Limited is 2.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of W S Industries (I) Limited (WSI)?
The operating margin of W S Industries (I) Limited is −677% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at W S Industries (I) Limited (WSI)?
Revenue at W S Industries (I) Limited is growing −98.3% versus a year earlier (3y avg +4.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at W S Industries (I) Limited (WSI)?
Earnings per share at W S Industries (I) Limited are growing +15.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does W S Industries (I) Limited (WSI) generate?
The free cash flow of W S Industries (I) Limited is −₹1.0B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does W S Industries (I) Limited (WSI) hold?
W S Industries (I) Limited holds more cash than debt, ₹397M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 7, 2026