During Friday’s trading session, the shares of a company operating primarily in the infra segment are in focus following its announcement of acquiring land in Tamil Nadu worth over Rs. 54 crores to develop an integrated Logistics park near major international industrial hubs, including Samsung, Foxconn, and Hyundai.
With a market capitalisation of Rs. 671.2 crores, the shares of W S Industries (India) Limited opened in the green at Rs. 107.75 on BSE, up by nearly 3 percent, as against its previous closing price of Rs. 107.7.
What’s the News
According to the latest regulatory filings with the stock exchanges, WSI-P&C Verticals Private Limited, a subsidiary of W S Industries (India) Limited, has entered into a binding agreement with Kotak Alternate Asset Managers Limited (formerly known as Kotak Investment Advisors Limited) for land acquisition.
The agreement is for the acquisition of immovable property/undertaking to the extent of 74.94 acres of land, located adjacent to an existing 254-acre land parcel owned by the company at No. 34, Sandavellur Village, Sriperumbudur Taluk, Kancheepuram District, Tamil Nadu.
The acquisition cost is Rs. 54.65 crores. Upon completion, the company plans to develop an integrated logistics park, light engineering facilities, industrial housing, and allied infrastructure, spanning approximately 20 million square feet.
The property is in close proximity to Samsung, Foxconn, Hyundai and major international industrial establishments.
Previous Orders
31st December 2024: W S Industries bagged an order, valued at nearly Rs 86.26 crores, from CMK Projects Private Limited for the construction of additional works and balance works at the Integrated Bus Terminal and Multi-Utility Facility Centre at Panjappur in Tiruchirappalli City Corporation, Tamil Nadu.
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Financials
The company reported a decline in the revenue from operations, experiencing a fall of nearly 23.4 percent YoY, decreasing from Rs. 81.05 crores in Q2 FY24 to Rs. 62.07 crores in Q2 FY25.
Similarly, during the same period, the company’s net profit decreased from Rs. 11.43 crores to Rs. 3.87 crores, representing a decline of around 66.2 percent YoY.
Key Financial Ratios
In terms of key financial metrics, W S Industries has a Return on Equity (RoE) of 46.9 percent and a return on capital employed (RoCE) of 25.2 percent. Additionally, the company’s debt-to-equity ratio stands at 0.42.
Stock Performance
The stock has delivered negative returns of nearly 19 percent in one year, as well as around 35 percent returns in the last six months. Likewise, the shares of W S Industries have given negative returns of about 16 percent in the last one month.
About the Company
W.S. Industries (India) Limited is a globally focused infrastructure and electrical project-handling company, with five decades of experience in the power sector and electrical projects. The company is primarily engaged in the business of infrastructure projects.
Written by Shivani Singh
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