WSFX Global Pay Limited

About

WSFx Global Pay Limited engages in the foreign exchange business (forex) in India. The company offers single and multi-currency forex prepaid cards, Thomas Cook travel cards, foreign currency notes, currency exchange, education loan, travel insurance, sending money aboard, university fees payments, and other outward remittances, as well as international student identity cards, guaranteed investment certificates, and blocked accounts. It also provides various digital platforms, including GlobalPay app and web portal for digital onboarding, online A2 form, V-CIP, and order tracking; Smart Corporate, a digital forex management tool for enterprise travel requirements; Smart Agent for the management of customer forex, remittance needs, which includes lead management; and Forex Platform as a Service (FPaaS), a plug and play solution that offers forex and remittance solutions online. The company serves students, leisure travellers, corporates, and partners. The company was formerly known as Wall Street Finance Limited and changed its name to WSFx Global Pay Limited in December 2022. The company was incorporated in 1986 and is headquartered in Mumbai, India. WSFx Global Pay Limited is a subsidiary of Spice Connect Private Limited.

Key Metrics

as of Sep 2026

Market Cap83 Cr

P/E—

Div Yield2.31 %

Book Value₹24.60

52w High₹76.90

52w Low₹53.80

Face Value₹10.00

Quarterly Results

Rs. Crores · hover row for definition

Metric	Dec 2021	Sep 2021	Jun 2021	Mar 2021	Dec 2020	Sep 2020	Jun 2020	Mar 2020	Dec 2019	Sep 2019	Jun 2019	Mar 2019	Dec 2018
Sales	7.73	9.56	5.85	6.65	4.86	6.48	3.12	9.50	8.74	9.89	8.20	6.88	5.44
Expenses	9.54	9.47	7.42	8.30	6.76	7.06	4.92	11.27	8.59	9.00	7.92	7.11	5.82
Operating Profit	-1.81	0.09	-1.57	-1.65	-1.90	-0.58	-1.80	-1.77	0.15	0.89	0.28	-0.23	-0.38
OPM %	-23.42	0.94	-26.84	-24.81	-39.09	-8.95	-57.69	-18.63	1.72	9.00	3.41	-3.34	-6.99
Other Income	0.22	0.25	0.22	-0.08	0.22	0.26	0.25	0.49	0.51	0.47	0.52	1.00	0.82
Depreciation	0.31	0.30	0.30	0.30	0.32	0.32	0.25	0.29	0.19	0.20	0.14	0.05	0.11
Interest	0.15	0.18	0.07	0.13	0.08	0.20	0.08	0.28	0.36	0.48	0.33	0.29	0.31
Profit before tax	-2.05	-0.14	-1.72	-2.16	-2.08	-0.84	-1.88	-1.85	0.11	0.68	0.33	0.43	0.02
Tax %	-30.73	-28.57	-31.40	-13.89	-31.25	-34.52	-31.38	-36.22	90.91	38.24	30.30	6.98	-50.00
Net Profit	-1.42	-0.10	-1.18	-1.86	-1.42	-0.56	-1.30	-1.18	0.01	0.42	0.22	0.40	0.03
EPS in Rs	-1.23	-0.09	-1.02	-1.61	-1.23	-0.48	-1.12	-1.02	0.01	0.36	0.19	0.35	0.03

Profit & Loss

Annual · Rs. Crores

Metric	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Sales	22.03	38.11	25.69	1,745.17	47.19	49.53	43.36	38.80	34.30
Expenses	27.02	36.78	24.94	1,708.57	41.81	42.31	36.75	32.43	29.16
Operating Profit	-4.99	1.33	0.75	36.60	5.38	7.22	6.61	6.37	5.14
OPM %	-22.65	3.49	2.92	2.10	11.40	14.58	15.24	16.42	14.99
Other Income	-0.30	0.20	0.97	2.90	0.39	0.04	0.26	0.26	-0.38
Interest	0.48	1.45	1.27	3.10	4.57	4.70	4.33	3.44	2.58
Depreciation	1.20	0.82	0.39	0.62	0.41	0.26	0.62	0.37	0.46
Profit before tax	-6.97	-0.74	0.06	35.78	0.79	2.30	1.92	2.82	1.72
Tax %	-26.26	-29.73	-83.33	24.01	18.99	43.04	30.21	-15.60	22.67
Net Profit	-5.14	-0.52	0.11	27.19	0.63	1.32	1.35	3.27	1.33
EPS in Rs	-4.44	-0.45	0.10	23.50	0.54	1.14	1.17	2.83	1.15
Dividend Payout %	0.00	-334.62	1,581.82	18.13	0.00	0.00	0.00	0.00	0.00

Balance Sheet

Annual · Rs. Crores — latest first

Metric	Sep 2021	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Equity Capital	11.60	11.60	11.60	11.60	11.60	11.60	11.60	11.60	11.60	11.60
Reserves	16.82	18.11	24.91	27.57	27.15	5.89	5.38	4.07	3.20	-0.07
Borrowings	11.60	10.10	9.15	9.75	15.52	33.82	36.02	24.18	42.19	29.91
Other Liabilities	15.65	6.75	5.53	9.62	9.02	18.13	16.86	12.49	14.31	14.51
Total Liabilities	55.67	46.56	51.19	58.54	63.29	69.44	69.86	52.34	71.30	55.95
Fixed Assets	5.97	6.10	4.62	3.27	1.71	5.12	5.13	1.06	2.01	3.08
CWIP	0.00	0.00	2.55	2.82	2.16	0.83	0.83	0.60	0.36	0.24
Investments	0.31	0.28	0.26	0.27	0.27	0.28	0.48	1.14	1.12	0.39
Other Assets	49.39	40.18	43.76	52.18	59.15	63.21	63.42	49.54	67.81	52.24
Total Assets	55.67	46.56	51.19	58.54	63.29	69.44	69.86	52.34	71.30	55.95

Cash Flows

Annual · Rs. Crores — latest first

Metric	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Cash from Operating Activity	-8.24	3.13	3.68	37.76	4.98	3.21	26.64	-5.21	-6.54
Cash from Investing Activity	7.32	0.82	-11.61	-0.27	-0.18	-5.75	-0.85	1.92	-1.31
Cash from Financing Activity	-1.27	-4.14	-7.04	-27.31	-6.77	7.24	-22.22	9.22	7.52
Net Cash Flow	-2.19	-0.19	-14.97	10.19	-1.97	4.70	3.56	5.93	-0.33
Free Cash Flow	-8.40	1.23	1.14	35.15	4.56	2.54	25.95	-2.49	-6.81
CFO/OP %	161.00	286.00	748.00	126.00	104.00	51.00	409.00	-73.00	-123.00

Ratios

Annual · Days / % — latest first

Metric	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Debtor Days	129.56	34.38	156.57	2.52	149.74	173.77	163.56	350.42	325.63
Cash Conversion Cycle	129.56	34.38	156.57	2.52	149.74	173.77	163.56	350.42	325.63
Working Capital Days	-53.85	-29.79	-7.96	0.00	-99.85	-126.09	-83.42	-68.95	-62.89
ROCE %	-12.52	1.50	2.44	1.36	10.30	15.08	12.91	12.66	—

Shareholding Pattern

% holding — latest first

Holder	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023
Promoters	57.00	57.45	57.45	57.62	58.45	58.55	58.87	59.78	60.11	61.52	62.43	62.43
Public	43.01	42.57	42.56	42.37	41.55	41.45	41.12	40.22	39.87	38.49	37.57	37.57
No. of Shareholders	5,724	5,803	5,954	5,915	5,852	5,915	5,852	6,292	6,065	5,020	4,887	4,915

Corporate Actions

10 records

Action	Ex Date	Record Date	Ratio	Amount (₹)	Notes
Dividend	17 Sep 2025	17 Sep 2025	—	1.50
Dividend	13 Sep 2024	—	—	1.00
Dividend	09 Sep 2020	10 Sep 2020	—	1.50
Dividend	16 Sep 2019	17 Sep 2019	—	1.50
Dividend	10 Nov 2017	13 Nov 2017	—	4.25
Dividend	14 Sep 2011	—	—	0.20
Dividend	15 Sep 2010	—	—	0.20
Dividend	10 Jun 2009	—	—	1.00
Dividend	18 Sep 2008	—	—	0.70
Other	19 Sep 2007	—	—	—	General

Announcements

5 filings

Announcement under Regulation 30 (LODR)-Newspaper Publication
02 Sep 2026 2 Sep - Newspaper publication for dispatch of notice of AGM ,Remote E-voting and Record date
Intimation On Communication Of TDS
02 Sep 2026 2 Sep - Intimation of TDS on final dividend of Rs.1.50/share; record date 16 Sep 2026.
Disclosure Under Regulation 30 Of The Listing Regulations- Letter To Shareholders Under Regulation 36 Of The Listing Regulations.
01 Sep 2026 1 Sep - 39th AGM on 23 Sept 2026; annual report shared; board recommended ₹1.50 final dividend.
Intimation Of Record Date
01 Sep 2026 1 Sep - 39th AGM on 23 Sep 2026; record date 16 Sep 2026 for Rs.1.50 final dividend.
Reg. 34 (1) Annual Report.
01 Sep 2026 1 Sep - Submitted FY 2025-26 annual report; AGM on 23 September 2026 via VC/OAVM.