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 ₹ 255 Cr.
 - Current Price ₹ 39.9
 - High / Low ₹ 67.5 / 29.0
 - Stock P/E 74.8
 - Book Value ₹ 56.1
 - Dividend Yield 0.38 %
 - ROCE 2.96 %
 - ROE 1.01 %
 - Face Value ₹ 2.00
 
Pros
- Stock is trading at 0.71 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 | 221 | |
| 87 | 94 | 111 | 157 | 184 | 168 | 174 | 147 | 169 | 172 | 177 | 210 | 206 | |
| 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 | 8 | 
| 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 | 0.53 | 
| 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: | 12% | 
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 3% | 
| 5 Years: | -14% | 
| 3 Years: | 76% | 
| TTM: | 19% | 
| Stock Price CAGR | |
|---|---|
| 10 Years: | % | 
| 5 Years: | 12% | 
| 3 Years: | 13% | 
| 1 Year: | 18% | 
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 2 | 6 | 6 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 
| Reserves | 15 | 18 | 22 | 309 | 326 | 337 | 342 | 342 | 340 | 341 | 343 | 346 | 
| 14 | 17 | 18 | 46 | 41 | 57 | 72 | 70 | 77 | 79 | 78 | 80 | |
| 22 | 21 | 18 | 120 | 119 | 95 | 101 | 105 | 108 | 98 | 100 | 102 | |
| Total Liabilities | 52 | 57 | 60 | 482 | 492 | 501 | 528 | 529 | 538 | 532 | 534 | 541 | 
| 9 | 10 | 13 | 374 | 379 | 382 | 386 | 390 | 387 | 385 | 382 | 385 | |
| CWIP | 0 | 0 | 0 | 1 | 2 | 2 | 10 | 0 | 0 | 0 | 0 | 0 | 
| Investments | 0 | 0 | 0 | 3 | 8 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 
| 42 | 47 | 46 | 104 | 104 | 108 | 122 | 129 | 141 | 137 | 142 | 147 | |
| Total Assets | 52 | 57 | 60 | 482 | 492 | 501 | 528 | 529 | 538 | 532 | 534 | 541 | 
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
- 
        
          Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
          
            9 Oct - Certificate pursuant to Regulation 74(5) of the SEBI (Depositories & Participants) Regulations 2018, for the Quarter ended September 30, 2025, as received from M/s. Niche …
 - Closure of Trading Window 27 Sep
 - 
        
          Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
          
            13 Sep - AGM held Sep 12, 2025 — all five resolutions passed; final dividend Re.0.15 per share.
 - 
        
          Shareholder Meeting / Postal Ballot-Outcome of AGM
          
            12 Sep - 105th AGM on Sept 12, 2025: adopted FY2024-25 financials; declared dividend Re.0.15; reappointments.
 - 
        
          Disclosure Of Fire Incident Pursuant To Regulation 30 Of SEBI (LODR) Regulation 2015
          
            20 Aug - Fire on Aug 19, 2025 at Izzatnagar, Bareilly godown; damage under assessment, no casualties, operations unaffected.
 
Annual reports
- 
    
      Financial Year 2025
      from bse
 - 
    
      Financial Year 2024
      from bse
 - 
    
      Financial Year 2023
      from bse
 - 
    
      Financial Year 2022
      from bse
 - 
    
      Financial Year 2021
      from bse
 - 
    
      Financial Year 2020
      from bse
 - 
    
      Financial Year 2019
      from bse
 - 
    
      Financial Year 2018
      from bse
 - 
    
      Financial Year 2017
      from bse
 - 
    
      Financial Year 2016
      from bse
 - 
    
      Financial Year 2015
      from bse
 - 
    
      Financial Year 2014
      from bse
 - 
    
      Financial Year 2013
      from bse
 - 
    
      Financial Year 2012
      from bse
 - 
    
      Financial Year 2011
      from bse
 
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