The Indian Wood Products Company Ltd

The Indian Wood Products Company Ltd

₹ 39.5 0.61%
13 Aug 11:29 a.m.
About

Incorporated in 1919, The Indian Wood
Products Co Ltd is in the business of manufacturing of Katha, processed
Gambier and trading of spices[1]

Key Points

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

  • Market Cap 253 Cr.
  • Current Price 39.5
  • High / Low 67.5 / 29.0
  • Stock P/E 48.7
  • Book Value 56.2
  • Dividend Yield 0.38 %
  • ROCE 3.34 %
  • ROE 1.48 %
  • Face Value 2.00

Pros

  • Stock is trading at 0.71 times its book value
  • Company has been maintaining a healthy dividend payout of 17.7%

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 1.02% 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
49.85 43.57 44.51 44.15 50.24 48.42 44.50 48.58 56.34 60.02 55.00 54.45 51.43
46.89 41.03 41.20 42.74 46.57 45.35 41.17 44.45 52.01 56.15 51.12 50.77 47.48
Operating Profit 2.96 2.54 3.31 1.41 3.67 3.07 3.33 4.13 4.33 3.87 3.88 3.68 3.95
OPM % 5.94% 5.83% 7.44% 3.19% 7.30% 6.34% 7.48% 8.50% 7.69% 6.45% 7.05% 6.76% 7.68%
0.09 0.56 0.25 1.23 0.40 0.54 0.26 0.55 0.28 0.89 0.46 0.53 0.43
Interest 1.73 1.72 1.93 1.41 2.05 2.12 2.03 2.22 2.31 1.90 1.84 1.86 1.91
Depreciation 0.88 0.88 0.87 0.67 0.77 0.77 0.77 0.89 0.80 0.80 0.95 0.78 1.06
Profit before tax 0.44 0.50 0.76 0.56 1.25 0.72 0.79 1.57 1.50 2.06 1.55 1.57 1.41
Tax % 18.18% 0.00% 13.16% 42.86% 19.20% 11.11% 21.52% 10.83% 16.00% 4.85% 20.65% 45.86% 17.73%
0.36 0.50 0.65 0.33 1.00 0.64 0.62 1.40 1.26 1.96 1.23 0.85 1.15
EPS in Rs 0.06 0.08 0.10 0.05 0.16 0.10 0.10 0.22 0.20 0.31 0.19 0.13 0.18
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
119 180 216 200 195 157 178 182 192 226 221
111 156 185 169 175 147 169 172 177 210 206
Operating Profit 8 23 31 32 20 11 9 10 14 16 15
OPM % 7% 13% 14% 16% 10% 7% 5% 6% 7% 7% 7%
0 0 3 1 0 2 1 2 2 2 2
Interest 2 3 6 5 7 7 7 7 8 8 8
Depreciation 1 2 3 3 4 4 4 3 3 3 4
Profit before tax 5 18 25 25 10 2 -1 2 4 7 7
Tax % 24% 37% 37% 32% 29% 8% -19% 19% 15% 21%
4 11 16 17 7 2 -1 2 4 5 5
EPS in Rs 2.30 1.79 2.48 2.65 1.08 0.33 -0.09 0.29 0.57 0.83 0.81
Dividend Payout % 5% 3% 5% 8% 0% 31% -55% 17% 17% 18%
Compounded Sales Growth
10 Years: %
5 Years: 3%
3 Years: 8%
TTM: 12%
Compounded Profit Growth
10 Years: %
5 Years: -5%
3 Years: 123%
TTM: 32%
Stock Price CAGR
10 Years: %
5 Years: 8%
3 Years: 13%
1 Year: 9%
Return on Equity
10 Years: %
5 Years: 1%
3 Years: 1%
Last Year: 1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 2 6 6 13 13 13 13 13 13 13
Reserves 22 309 325 333 338 339 338 340 342 347
18 46 41 57 72 70 77 79 78 80
18 120 119 95 101 105 108 98 100 102
Total Liabilities 60 482 490 497 523 527 536 530 533 541
13 374 379 382 386 390 387 385 382 385
CWIP 0 1 2 2 10 0 0 0 0 0
Investments 0 3 6 5 5 7 7 8 9 10
46 104 104 108 122 129 141 137 142 147
Total Assets 60 482 490 497 523 527 536 530 533 541

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
4 -14 27 -6 -6 18 3 12 10 14
-4 -12 -11 -7 -5 -4 -3 -3 -2 -5
-0 25 -11 10 6 -13 -0 -5 -10 -8
Net Cash Flow -0 -1 5 -2 -5 1 -1 4 -2 1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 54 82 62 68 95 99 104 88 95 78
Inventory Days 98 163 146 157 159 234 197 200 212 177
Days Payable 70 118 94 27 43 70 62 48 44 41
Cash Conversion Cycle 81 127 114 198 212 263 239 241 262 213
Working Capital Days 33 37 30 49 55 84 84 73 78 64
ROCE % 11% 8% 8% 4% 2% 1% 2% 3% 3%

Shareholding Pattern

Numbers in percentages

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
71.12% 71.12% 71.12% 71.12% 71.12% 71.12% 71.12% 71.12% 71.12% 71.12% 71.12% 71.12%
0.32% 0.32% 0.32% 0.31% 0.31% 0.31% 0.31% 0.31% 0.31% 0.31% 0.31% 0.31%
28.56% 28.57% 28.55% 28.56% 28.57% 28.55% 28.56% 28.57% 28.56% 28.57% 28.57% 28.56%
No. of Shareholders 5,3085,3355,4185,5416,3916,95011,44112,21613,41013,37913,17913,459

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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