Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 28.31 | 31.79 | 25.30 | 24.99 | 31.09 | 30.88 | 29.06 | 29.01 | 29.92 | 31.45 | 28.50 | 26.49 |
| Expenses | 26.30 | 28.43 | 24.79 | 24.20 | 29.13 | 29.05 | 27.09 | 27.85 | 29.10 | 29.47 | 28.89 | 26.55 |
| Operating Profit | 2.01 | 3.36 | 0.51 | 0.79 | 1.96 | 1.83 | 1.97 | 1.16 | 0.82 | 1.98 | -0.39 | -0.06 |
| OPM % | 7.10% | 10.57% | 2.02% | 3.16% | 6.30% | 5.93% | 6.78% | 4.00% | 2.74% | 6.30% | -1.37% | -0.23% |
| Other Income | 0.23 | 0.06 | 0.14 | 0.14 | 0.13 | 0.28 | 0.10 | 0.10 | 0.28 | 0.06 | 0.41 | 0.52 |
| Interest | 0.34 | 0.31 | 0.27 | 0.26 | 0.19 | 0.30 | 0.42 | 0.21 | 0.18 | 0.21 | 0.31 | 0.15 |
| Depreciation | 0.35 | 0.37 | 0.39 | 0.41 | 0.48 | 0.50 | 0.49 | 0.52 | 0.52 | 0.53 | 0.48 | 0.51 |
| Profit before tax | 1.55 | 2.74 | -0.01 | 0.26 | 1.42 | 1.31 | 1.16 | 0.53 | 0.40 | 1.30 | -0.77 | -0.20 |
| Tax % | 28.39% | 29.93% | 800.00% | 42.31% | 29.58% | 32.82% | 33.62% | 35.85% | 52.50% | 36.15% | 18.18% | 50.00% |
| Net Profit | 1.11 | 1.92 | -0.09 | 0.15 | 1.00 | 0.88 | 0.77 | 0.34 | 0.19 | 0.83 | -0.91 | -0.30 |
| EPS in Rs | 1.31 | 2.26 | -0.11 | 0.18 | 1.18 | 1.04 | 0.91 | 0.40 | 0.22 | 0.98 | -1.07 | -0.35 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 89 | 86 | 92 | 101 | 97 | 85 | 100 | 108 | 109 | 116 | 119 | 116 |
| Expenses | 80 | 82 | 90 | 94 | 91 | 81 | 95 | 100 | 102 | 109 | 115 | 114 |
| Operating Profit | 9 | 3 | 2 | 7 | 6 | 4 | 4 | 7 | 7 | 7 | 4 | 2 |
| OPM % | 10% | 3.8% | 2.2% | 7% | 6% | 4.3% | 4.3% | 7% | 7% | 6% | 3.0% | 2.0% |
| Other Income | 0 | 4 | 4 | 1 | 1 | 0 | 0 | 1 | 1 | 1 | 1 | 1 |
| Interest | 3 | 4 | 4 | 3 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 3 | 2 | 2 | 1 | 2 | 2 | 2 |
| Profit before tax | 3 | 1 | -0 | 2 | 2 | -0 | 1 | 5 | 5 | 4 | 1 | 1 |
| Tax % | 28% | 91% | -8,600% | 46% | 34% | 71% | 73% | 31% | 31% | 32% | 69% | |
| Net Profit | 2 | 0 | 1 | 1 | 1 | -1 | 0 | 3 | 3 | 3 | 0 | -0 |
| EPS in Rs | 2.47 | 0.29 | 1.04 | 1.45 | 1.47 | -0.31 | 0.57 | 4.31 | 3.98 | 3.30 | 0.53 | -0.22 |
| Dividend Payout % | 28% | 0% | 0% | 62% | 0% | -261% | 142% | 0% | 30% | 36% | 189% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 3% | 7% | 3% | -3% | ||
| Compounded Profit Growth | -15% | 29% | -50% | -106% | ||
| Stock Price CAGR | % | 22% | 9% | -3% | ||
| Return on Equity | 3% | 5% | 5% | 1% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
| Reserves | 27 | 28 | 29 | 29 | 31 | 31 | 31 | 30 | 33 | 35 | 37 | 36 |
| Borrowings | 33 | 34 | 31 | 31 | 27 | 22 | 17 | 18 | 17 | 19 | 18 | 9 |
| Other Liabilities | 22 | 17 | 22 | 15 | 15 | 13 | 13 | 10 | 11 | 13 | 16 | 17 |
| Total Liabilities | 91 | 88 | 90 | 84 | 81 | 74 | 68 | 66 | 70 | 76 | 80 | 71 |
| Fixed Assets | 24 | 23 | 24 | 23 | 23 | 21 | 21 | 20 | 20 | 23 | 27 | 26 |
| CWIP | 0 | 3 | 1 | 1 | 0 | 0 | 0 | 1 | 3 | 4 | 0 | 1 |
| Investments | 0 | 0 | 0 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 |
| Other Assets | 67 | 62 | 65 | 59 | 58 | 52 | 46 | 45 | 46 | 48 | 52 | 44 |
| Total Assets | 91 | 88 | 90 | 84 | 81 | 74 | 68 | 66 | 70 | 76 | 80 | 71 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 8 | 12 | 5 | 4 | 7 | 7 | 10 | 2 | 15 | 3 | 2 | 7 |
| Cash from Investing Activity | -0 | -4 | -1 | 2 | -0 | -0 | -2 | -1 | -3 | -5 | -2 | -2 |
| Cash from Financing Activity | -7 | -7 | -4 | -5 | -7 | -8 | -7 | -1 | -2 | -0 | -3 | -11 |
| Net Cash Flow | 0 | 1 | 0 | 0 | -0 | -2 | 1 | 0 | 10 | -3 | -2 | -6 |
| Free Cash Flow | 7 | 8 | 4 | 3 | 6 | 5 | 8 | 1 | 12 | -3 | 0 | 5 |
| CFO/OP | 85% | 145% | 194% | 209% | 108% | 132% | 270% | 63% | 212% | 65% | 35% | 229% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 67 | 60 | 62 | 55 | 59 | 64 | 72 | 71 | 45 | 59 | 66 | 56 |
| Inventory Days | 372 | 373 | 387 | 295 | 253 | 254 | 204 | 150 | 123 | 117 | 145 | 125 |
| Days Payable | 64 | 63 | 70 | 50 | 48 | 49 | 56 | 37 | 27 | 40 | 51 | 55 |
| Cash Conversion Cycle | 375 | 369 | 379 | 300 | 264 | 269 | 220 | 185 | 141 | 136 | 161 | 126 |
| Working Capital Days | 70 | 71 | 58 | 102 | 100 | 114 | 120 | 99 | 53 | 54 | 56 | 59 |
| ROCE % | 12% | 10% | 3% | 4% | 7% | 6% | 2% | 4% | 11% | 10% | 9% | 4% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 41.01% | 41.00% | 40.79% | 40.79% | 40.79% | 40.79% | 40.79% | 40.79% | 40.79% | 39.37% | 37.06% | 37.88% |
| DIIs | 3.50% | 3.08% | 3.08% | 3.08% | 2.67% | 2.67% | 2.67% | 2.67% | 2.67% | 2.67% | 2.67% | 2.67% |
| Public | 55.49% | 55.92% | 56.13% | 56.13% | 56.55% | 56.55% | 56.55% | 56.55% | 56.55% | 57.96% | 60.27% | 59.45% |
| No. of Shareholders | 1,927 | 1,939 | 2,010 | 2,252 | 2,524 | 2,613 | 2,552 | 2,755 | 2,826 | 2,898 | 2,801 | 2,775 |
Fundamentals
Market Cap₹ 139 Cr.
Current Price₹ 164
Book Value₹ 52.7
ROCE4.04 %
ROE1.00 %
Dividend Yield0.61 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-3%
Compounded Profit Growth (TTM)-106%
Consolidated figures.
Valuation
Market capRs 137 Cr
Enterprise valueRs 143 Cr
Price to book3.05x
Price to sales1.17x
EV / EBITDA39.49x
EV / EBIT90.47x
EV / sales1.23x
Price to cash flow20.58x
Earnings yield-0.14%
Dividend yield0.62%
P/E, 3-year average46.56x
P/B, 3-year average3.19x
P/E, 5-year average53.71x
P/B, 5-year average2.35x
Profitability
Operating margin (excl. other income)2.99%
Operating margin (incl. other income)3.71%
EBITDA margin3.11%
Pre-tax margin0.63%
Net profit margin-0.16%
Net margin, latest quarter-1.13%
ROE1.00%
ROCE4.03%
ROA0.60%
ROE, 3-year average5.11%
ROCE, 3-year average7.61%
ROA, 3-year average2.95%
ROE, 5-year average5.15%
ROCE, 5-year average7.62%
ROA, 5-year average2.99%
ROIC (approx.)0.95%
Tax rate69.18%
Other income / net worth1.90%
Growth
Sales growth (latest year)2.47%
Profit growth (latest year)-83.93%
Sales CAGR, 3 years3.30%
Sales CAGR, 5 years6.93%
Profit CAGR, 3 years-50.27%
Sales growth QoQ-7.05%
Sales growth YoY (latest quarter)-8.69%
Profit growth YoY (latest quarter)-188.24%
Per share
EPS (TTM)Rs -0.22
EPS (latest quarter)Rs -0.35
EPS, 3-year averageRs 3.64
EPS, 5-year averageRs 3.04
Book value per shareRs 52.72
Sales per shareRs 137.09
Cash flow per shareRs 7.82
Free cash flow per shareRs 5.89
Dividend per share, 3-year averageRs 1.20
Dividend per share, 5-year averageRs 1.07
Dividends
Dividend payout188.89%
Dividend payout, 3-year average85.17%
Dividend payout, 5-year average99.29%
Efficiency
Asset turnover1.67x
Fixed asset turnover4.56x
Inventory turnover2.92x
Inventory days125 days
Debtor days56 days
Debtors turnover6.57x
Creditor days55 days
Cash conversion cycle126 days
Working capital days59 days
Leverage
Total debtRs 9 Cr
Cash and bankRs 3 Cr
Net debtRs 6 Cr
Debt to equity0.21x
Net debt / EBITDA1.74x
Interest coverage1.86x
Owners' fund to total sources62.92%
Debt to assets13.02%
Cash flow
Cash from Operating Activity (latest year)Rs 7 Cr
Cash from Investing Activity (latest year)Rs -2 Cr
Cash from Financing Activity (latest year)Rs -11 Cr
Net Cash Flow (latest year)Rs -6 Cr
Free cash flow (latest year)Rs 5 Cr
FCFE (approx.: FCF + change in debt)Rs -4 Cr
Cash from ops / profit, 5 years3.22x
Sales to cash flow17.90x
Statement figures
Net sales (TTM)Rs 116 Cr
Net sales (latest year)Rs 119 Cr
Sales (latest quarter)Rs 26 Cr
Operating profit excl. other income (latest year)Rs 4 Cr
Operating profit (latest quarter)Rs -0 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 4 Cr
PBDT (TTM)Rs 3 Cr
Profit before tax (TTM)Rs 1 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs -0 Cr
Net profit (latest year)Rs 0 Cr
Net profit (latest quarter)Rs -0 Cr
Depreciation (TTM)Rs 2 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 49 Cr
Total expenditure (latest year)Rs 115 Cr
Total income (latest year)Rs 120 Cr
Share capitalRs 8 Cr
ReservesRs 36 Cr
Shareholders' fundsRs 45 Cr
Total assetsRs 71 Cr
Net blockRs 26 Cr
Capital work in progressRs 1 Cr
InvestmentsRs 1 Cr
ReceivablesRs 18 Cr
InventoryRs 17 Cr
Other liabilitiesRs 17 Cr
Shares outstanding (crore)0.85
Ownership
Promoter holding37.88% (-2.91 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 3.05 is at the 78th percentile (median 1.87).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | WIPL | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -3.4% | -2.8% | -0.6 pts |
| 1 month | -0.6% | -6.8% | +6.1 pts |
| 3 months | -8.5% | -7.6% | -0.9 pts |
| 6 months | +11.4% | +0.4% | +11.0 pts |
| 1 year | -4.8% | -9.9% | +5.1 pts |
| 2 years | -19.4% | -13.6% | -5.8 pts |
| 3 years | +27.8% | +14.2% | +13.7 pts |
| 5 years | +163.9% | +27.9% | +136.0 pts |
Red flags
F-score 6 of 8| look | Profit leans on other income Other income was 58% of pre-tax profit in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹26 Cr -8.7% vs Jun 2025.
Net loss ₹0 Cr.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Century Plyboards (India) Ltd | 14,774 | 49.8 | 11.5 % |
| Stylam Industries Ltd | 5,655 | 33.4 | 26.6 % |
| Greenlam Industries Ltd | 5,496 | 59.6 | 8.12 % |
| Greenply Industries Ltd | 3,500 | 31.3 | 14.3 % |
| Greenpanel Industries Ltd | 1,947 | 290 | -0.40 % |
| Rushil Decor Ltd | 472 | 19.8 | 4.68 % |
| Archidply Industries Ltd | 200 | 14.5 | 10.2 % |
| Ecoboard Industries Ltd | 160 | -43.0 % | |
| Airo Lam Ltd | 134 | 25.4 | 9.76 % |
| Duroply Industries Ltd | 110 | 81.2 | 7.73 % |
| Sylvan Plyboard (India) Ltd | 101 | 14.2 | 9.83 % |
| Manilam Industries India Ltd | 87 | 42.6 | 8.47 % |
| Milton Industries Ltd | 60 | 33.1 | 5.98 % |
| Lamosaic India Ltd | 52 | 31.7 | 4.52 % |
| Archidply Decor Ltd | 38 | 764 | 2.45 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-09-21 | Dividend - Re 1 Per Share | |
| 2025-09-18 | Dividend - Rs 1.20 Per Share | |
| 2024-09-17 | Annual General Meeting/Dividend - Rs 1.20 Per Share | |
| 2023-09-22 | Annual General Meeting/Dividend - Re 1 Per Share | |
| 2022-09-22 | Annual General Meeting/Dividend - Re 0.80 Per Share | |
| 2021-08-02 | Annual General Meeting/Dividend - Rs 0.80 Per Share | |
| 2020-09-18 | Annual General Meeting | |
| 2019-09-12 | Annual General Meeting/Dividend - Rs 0.90 Per Share | |
| 2018-09-19 | Annual General Meeting | |
| 2017-09-01 | Annual General Meeting |
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Less than 100 unique PAN traded in previous 30 daysScrip PE is greater than 50 (4 trailing quarters)
Quick answers
What is the market cap of Western India Plywoods Ltd?
Western India Plywoods Ltd (WIPL) has a market capitalisation of Rs 139 Cr. at the 2026-10-01 close.
What were Western India Plywoods Ltd's latest quarterly results?
In the Jun 2026 quarter, Western India Plywoods Ltd sales was Rs 26 Cr (-8.7% vs Jun 2025) with a net loss of Rs 0 Cr.
What is the 52-week high and low of Western India Plywoods Ltd?
The 52-week high is Rs 193.20 and the 52-week low is Rs 133.10.