W S Industries (India) Ltd

(WSI)

W S Industries India Ltd.WSI incorporated in 1961 as W S Insulators of India is into manufacture of a wide range of insulators lightning arresters coupling capacitors capacity voltage transformers instrument transformers line traps and reactors. The company is also into collaboration with Messwandler Germany for manufacture of oilinsulated and SF6 instruments. The Company operates in two business segments Insulators and Turnkey Projects.Incorporated originaly as W S Insulators of India and promoted by N S Sethuraman and V Srinivasan of Hydro S S Industries and W S Telesystems the name was changed to the present one in 1987. To part finance its Rs.20.18 crore modernisation programme and to meet its working capital needs the company came out with a rights issueaggregating Rs.13.35 crores at a premium of Rs.30 in December 1992.The company in association with Canadian Electricity Board and a local Entrepreneur has set up a JV company under the name W S Industries North America in Canada. The JV company thus setup will act as an assembly unit and the company has participated in the equity of the company. The company which was given an export house status by GOI exports its products to Europe west Asia east Asia Australia Canada etc. The company has also accredited with ISO 9001 certification in 1991 for a period of three years and it was recertified in 1994. The company is also successfull in development of new products during the year 2000 the company has developed several new products in disc pin and solid core procelain insulators as per ANSI standards for supply to the US markets.SSB Industries Ltd which owns Surge Arrester Factory in Pondicherry was amalgamated with the company with effect from April 1 2001. and the company is also proposes was amalgamated with the company and the company proposes to modernise the chennai plant the implementation of which is started and is expected to be completed within a period of one year.W.S.Electric Limited a subsidiary of Company had got into a Joint Development Agreement with TCG Software Parks Private Limited for developing an IT Park in the land transferred to it and the resultant Phase I construction work was commenced during the year 200506. The Company commissioned a New Wind Energy Generator of 600 KW during the year 200708. The commercial production of Greenfield Project Second Unit in the Special Economic Zone at Visakhapatnam was commenced in Jul 09. During the year 201011 31000 Equity Shares of Rs.10/ each fully paidup held by the Company in W.S. Electric Limited were transferred to W.S. Insulators Limited another subsidiary of the Company. A further 10000 shares were approved for transfer to W.S.Insulators Limited during the current year. With this transfer W.S. Insulators Limited holds 41000 Equity Shares 38.86 of W.S. Electric Ltd. while your Company holds 21000 19.91.During the year 201112 10000 Equity Shares of Rs. 10/ each fully paidup held by the Company in W.S. Electric Limited were transferred to W.S. Insulators Limited another subsidiary of the Company. During the year 201314 W.S. Insulators Limited was renamed as W.S.

Share Price: ₹137.07 per share as on 21 Oct, 2024 04:01 PM
Market Capitalisation: ₹844.90Cr as of today
Revenue: ₹71.71Cr as on June 2024 (Q2 24)
Net Profit: ₹3.70Cr as on June 2024 (Q2 24)
Listing date: 13 Dec, 1995
Chairperson Name: Seyyadurai Nagarajan