Western India Plywoods Ltd

AI
W I Plywoods Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents
AI

Western India Plywoods Ltd

₹ 161 -2.55%
13 Nov - close price
wipltd.in NSE: WIPL
About

Incorporated in 1945, Western India Plywoods Ltd is a manufacturer of Wood based products including Hardboard, Plywood, and Compreg[1]

Key Points

Business Overview[1][2]
WIPL manufactures Saw Timber and Plywood related panel products viz. Block boards, Flush door, Shuttering and Marine Plywood, Aircraft Plywood, Densified Wood, etc. It has an integrated wood complex, and their integrated nature of operations enables them to use the same raw material, viz. firewood, timber logs and veneer to manufacture different end products based on market and customer requirement

Website NSE
  • Market Cap ₹ 136 Cr.
  • Current Price ₹ 161
  • High / Low ₹ 180 / 133
  • Stock P/E 440
  • Book Value ₹ 52.1
  • Dividend Yield 0.62 %
  • ROCE 4.14 %
  • ROE 1.51 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company has reduced debt.
  • Company has been maintaining a healthy dividend payout of 60.9%

Cons

  • Stock is trading at 3.08 times its book value
  • The company has delivered a poor sales growth of 6.93% over past five years.
  • Promoter holding is low: 37.9%
  • Company has a low return on equity of 5.21% over last 3 years.
  • Earnings include an other income of Rs.1.25 Cr.
  • Promoter holding has decreased over last 3 years: -3.13%

* 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

Consumer Discretionary Consumer Durables Consumer Durables Plywood Boards/ Laminates

Edit Columns
Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
28.31 31.79 25.30 24.99 31.09 30.88 29.06 29.01 29.92 31.45 28.50 26.49 30.89
26.30 28.43 24.79 24.20 29.13 29.05 27.09 27.85 29.10 29.47 28.89 26.55 29.39
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 1.50
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% 4.86%
0.23 0.06 0.14 0.14 0.13 0.28 0.10 0.10 0.28 0.06 0.41 0.52 0.26
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 0.16
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 0.56
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 1.04
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% 33.65%
1.11 1.92 -0.09 0.15 1.00 0.88 0.77 0.34 0.19 0.83 -0.91 -0.30 0.69
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 0.81
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
96 89 86 92 101 97 85 100 108 109 116 119 117
86 80 82 90 94 91 81 95 100 102 109 115 114
Operating Profit 11 9 3 2 7 6 4 4 7 7 7 4 3
OPM % 11% 10% 3.8% 2.2% 7% 6% 4.3% 4.3% 7% 7% 6% 3.1% 2.6%
0 0 4 4 1 1 0 0 1 1 1 1 1
Interest 4 3 4 4 3 2 2 1 1 1 1 1 1
Depreciation 2 2 2 2 2 2 3 2 2 1 2 2 2
Profit before tax 5 3 1 -0 2 2 -0 1 5 5 4 1 1
Tax % 33% 28% 91% -8,600% 46% 34% 71% 73% 31% 31% 32% 68%
3 2 0 1 1 1 -1 0 3 3 3 0 0
EPS in Rs 3.84 2.47 0.29 1.04 1.45 1.47 -0.31 0.57 4.31 3.98 3.30 0.86 0.37
Dividend Payout % 18% 28% 0% 0% 62% 0% -261% 142% 0% 30% 36% 116%
Compounded Sales Growth
10 Years: 3%
5 Years: 7%
3 Years: 3%
TTM: -1%
Compounded Profit Growth
10 Years: -12%
5 Years: 35%
3 Years: -43%
TTM: -86%
Stock Price CAGR
10 Years: %
5 Years: 25%
3 Years: 2%
1 Year: 1%
Return on Equity
10 Years: 3%
5 Years: 5%
3 Years: 5%
Last Year: 2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 Sep 2026
Equity Capital 8 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 36
33 34 31 31 27 22 17 18 17 19 18 9 9
22 17 22 15 15 13 13 10 11 13 16 17 18
Total Liabilities 91 88 90 84 81 74 68 66 70 76 80 71 71
24 23 24 23 23 21 21 20 20 23 27 26 27
CWIP 0 3 1 1 0 0 0 1 3 4 0 1 1
Investments 0 0 0 1 1 0 1 1 1 1 1 1 1
67 62 65 59 58 52 46 45 46 48 52 44 43
Total Assets 91 88 90 84 81 74 68 66 70 76 80 71 71

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
8 12 5 4 7 7 10 2 15 3 2 7
-0 -4 -1 2 -0 -0 -2 -1 -3 -5 -2 -2
-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/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit 85% 145% 194% 209% 108% 132% 270% 63% 212% 65% 35% 223%

Ratios

Consolidated / View Standalone

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%

Insights

In beta
Nov 2017 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Jun 2026
Hardboard Installed Capacity
TPA ・Standalone data

Log in to view insights

Please log in to see hidden values.

Login
Hardboard share of total sales
% of total sales ・Standalone data
Foreign Exchange Earned (FOB exports)
INR lakhs ・Standalone data
Plywood share of total sales
% of total sales ・Standalone data
Softboard share of total sales
% of total sales ・Standalone data
Top 5 customers share of total sales
% of total sales ・Standalone data
Softboard Installed Capacity
TPA ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
41.00% 40.79% 40.79% 40.79% 40.79% 40.79% 40.79% 40.79% 39.37% 37.06% 37.88% 37.88%
3.08% 3.08% 3.08% 2.67% 2.67% 2.67% 2.67% 2.67% 2.67% 2.67% 2.67% 2.06%
55.92% 56.13% 56.13% 56.55% 56.55% 56.55% 56.55% 56.55% 57.96% 60.27% 59.45% 60.06%
No. of Shareholders 1,9392,0102,2522,5242,6132,5522,7552,8262,8982,8012,7752,766

* 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.

Documents

Announcements

Annual reports

Credit ratings