The Indian Wood Products Company Ltd
Incorporated in 1919, The Indian Wood
Products Co Ltd is in the business of manufacturing of Katha, processed
Gambier and trading of spices[1]
- Market Cap ₹ 244 Cr.
- Current Price ₹ 38.2
- High / Low ₹ 67.5 / 30.3
- Stock P/E 75.6
- Book Value ₹ 56.2
- Dividend Yield 0.39 %
- ROCE 2.96 %
- ROE 1.01 %
- Face Value ₹ 2.00
Pros
- Stock is trading at 0.68 times its book value
- Company has been maintaining a healthy dividend payout of 24.7%
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 3.01% over past five years.
- Company has a low return on equity of 0.72% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Commodities Forest Materials Paper, Forest & Jute Products Forest Products
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 93 | 101 | 119 | 180 | 216 | 200 | 195 | 157 | 178 | 182 | 192 | 226 | 216 | |
| 87 | 94 | 111 | 157 | 184 | 168 | 174 | 147 | 169 | 172 | 177 | 210 | 201 | |
| Operating Profit | 6 | 7 | 8 | 23 | 32 | 33 | 21 | 11 | 9 | 10 | 14 | 16 | 15 |
| OPM % | 7% | 7% | 7% | 13% | 15% | 16% | 11% | 7% | 5% | 6% | 7% | 7% | 7% |
| 0 | 0 | 0 | 0 | 3 | 1 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | |
| Interest | 2 | 2 | 2 | 3 | 6 | 5 | 7 | 7 | 7 | 7 | 8 | 8 | 7 |
| Depreciation | 1 | 2 | 1 | 2 | 3 | 3 | 4 | 4 | 4 | 3 | 3 | 3 | 4 |
| Profit before tax | 4 | 4 | 5 | 18 | 27 | 26 | 10 | 1 | -1 | 2 | 3 | 5 | 5 |
| Tax % | 39% | 33% | 24% | 37% | 35% | 30% | 28% | 35% | -12% | 24% | 21% | 27% | |
| 2 | 3 | 4 | 11 | 17 | 18 | 8 | 0 | -1 | 1 | 3 | 4 | 3 | |
| EPS in Rs | 1.88 | 1.95 | 2.32 | 1.79 | 2.71 | 2.79 | 1.19 | 0.05 | -0.16 | 0.22 | 0.40 | 0.58 | 0.50 |
| Dividend Payout % | 5% | 7% | 5% | 3% | 5% | 7% | 0% | 194% | -31% | 23% | 25% | 26% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 3% |
| 3 Years: | 8% |
| TTM: | 3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | -14% |
| 3 Years: | 76% |
| TTM: | -12% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 1% |
| 3 Years: | 14% |
| 1 Year: | -35% |
| Return on Equity | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 0% |
| 3 Years: | 1% |
| Last Year: | 1% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 2 | 6 | 6 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
| Reserves | 15 | 18 | 22 | 309 | 326 | 337 | 342 | 342 | 340 | 341 | 343 | 346 | 347 |
| 14 | 17 | 18 | 46 | 41 | 57 | 72 | 70 | 77 | 79 | 78 | 80 | 80 | |
| 22 | 21 | 18 | 120 | 119 | 95 | 101 | 105 | 108 | 98 | 100 | 102 | 104 | |
| Total Liabilities | 52 | 57 | 60 | 482 | 492 | 501 | 528 | 529 | 538 | 532 | 534 | 541 | 543 |
| 9 | 10 | 13 | 374 | 379 | 382 | 386 | 390 | 387 | 385 | 382 | 385 | 387 | |
| CWIP | 0 | 0 | 0 | 1 | 2 | 2 | 10 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 3 | 8 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
| 42 | 47 | 46 | 104 | 104 | 108 | 122 | 129 | 141 | 137 | 142 | 147 | 147 | |
| Total Assets | 52 | 57 | 60 | 482 | 492 | 501 | 528 | 529 | 538 | 532 | 534 | 541 | 543 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 4 | -14 | 28 | -5 | -5 | 16 | 2 | 11 | 9 | 12 | ||
| -3 | -4 | -12 | -13 | -8 | -6 | -2 | -3 | -2 | -1 | -3 | ||
| 2 | -0 | 25 | -11 | 10 | 6 | -13 | -0 | -5 | -10 | -8 | ||
| Net Cash Flow | -1 | -0 | -1 | 5 | -2 | -5 | 1 | -1 | 4 | -2 | 1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 52 | 49 | 54 | 82 | 62 | 68 | 95 | 99 | 104 | 88 | 95 | 78 |
| Inventory Days | 141 | 154 | 98 | 163 | 146 | 157 | 159 | 234 | 197 | 200 | 212 | 177 |
| Days Payable | 113 | 105 | 70 | 118 | 94 | 27 | 43 | 70 | 62 | 48 | 44 | 41 |
| Cash Conversion Cycle | 80 | 98 | 81 | 127 | 114 | 198 | 212 | 263 | 239 | 241 | 262 | 213 |
| Working Capital Days | 20 | 29 | 33 | 37 | 30 | 49 | 55 | 84 | 84 | 73 | 78 | 64 |
| ROCE % | 20% | 18% | 18% | 11% | 8% | 8% | 4% | 2% | 1% | 2% | 3% | 3% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
20 Nov - E Newspaper Advertisement Cutting published in Financial Express (English) all India Edition and Arthik Lipi (Bengali) Kolkata Edition, on November 20, 2025 regarding the notice …
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Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
20 Nov - Re-designate Bharat Mohta as CMD effective 15-Nov-2025; appoint Krishna Kumar Mohta consultant ₹10,00,000 p.a., postal ballot.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
15 Nov - E Newspaper Cutting for the publication of the Un-Audited Financial Statement for the Quarter and Half Year ended 30 September 2025
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Announcement under Regulation 30 (LODR)-Change in Management
14 Nov - CMD Krishna K. Mohta resigned Nov 14, 2025; Bharat Mohta redesignated Chairman & MD Nov 15, 2025; postal ballot.
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Announcement under Regulation 30 (LODR)-Cessation
14 Nov - Krishna K. Mohta resigned as CMD effective 14 Nov 2025; Bharat Mohta redesignated CMD effective 15 Nov; postal ballot.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Business Overview:[1]
Company sells its products under the brand name IWP and operates in 2 segments viz.
a) Manufacturing of katha
b) Retailing of packed spices