West Coast Paper Mills Ltd
West Coast Paper Mills Ltd is one of the oldest and the largest producers of paper for printing, writing, and packaging in India. Established in 1955, the Mill is located at Dandeli in Uttara Kannada district in Karnataka. The global quality paper produced by the Company serves the needs of innumerable industries in printing, writing, publishing, stationary, notebooks and packaging sectors in India, in the process contributing to the development of the nation. [1]
- Market Cap ₹ 3,429 Cr.
- Current Price ₹ 519
- High / Low ₹ 754 / 382
- Stock P/E 11.0
- Book Value ₹ 529
- Dividend Yield 1.54 %
- ROCE 11.2 %
- ROE 9.24 %
- Face Value ₹ 2.00
Pros
- Stock is trading at 0.98 times its book value
Cons
- The company has delivered a poor sales growth of 10.3% over past five years.
- Earnings include an other income of Rs.211 Cr.
- Working capital days have increased from 77.2 days to 178 days
* 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 Paper & Paper Products
Part of BSE SmallCap BSE Allcap BSE Commodities
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| 1,710 | 1,979 | 2,493 | 2,245 | 3,378 | 4,921 | 4,448 | 4,062 | |
| 1,348 | 1,468 | 1,875 | 1,983 | 2,740 | 3,274 | 3,353 | 3,581 | |
| Operating Profit | 362 | 511 | 618 | 261 | 638 | 1,647 | 1,095 | 481 |
| OPM % | 21% | 26% | 25% | 12% | 19% | 33% | 25% | 12% |
| 18 | 20 | 52 | 12 | 54 | 58 | 167 | 211 | |
| Interest | 42 | 29 | 75 | 70 | 59 | 37 | 24 | 38 |
| Depreciation | 116 | 176 | 198 | 229 | 213 | 189 | 185 | 210 |
| Profit before tax | 222 | 326 | 397 | -26 | 420 | 1,478 | 1,053 | 444 |
| Tax % | -0% | 9% | -2% | -83% | 18% | 26% | 25% | 24% |
| 223 | 296 | 406 | -4 | 346 | 1,087 | 786 | 336 | |
| EPS in Rs | 33.79 | 44.82 | 56.08 | -0.47 | 46.49 | 142.62 | 104.77 | 47.11 |
| Dividend Payout % | 12% | 11% | 9% | -213% | 13% | 7% | 8% | 11% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | 6% |
| TTM: | -9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -3% |
| 3 Years: | 0% |
| TTM: | -55% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 25% |
| 5 Years: | 27% |
| 3 Years: | 15% |
| 1 Year: | -17% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 20% |
| 3 Years: | 23% |
| Last Year: | 9% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
| Reserves | 826 | 1,090 | 1,375 | 1,376 | 1,673 | 2,568 | 3,228 | 3,478 |
| 315 | 361 | 753 | 676 | 478 | 231 | 276 | 456 | |
| 436 | 455 | 1,043 | 1,004 | 1,094 | 1,361 | 1,600 | 1,565 | |
| Total Liabilities | 1,590 | 1,920 | 3,184 | 3,069 | 3,259 | 4,173 | 5,118 | 5,512 |
| 1,035 | 991 | 2,010 | 1,873 | 1,757 | 1,659 | 1,882 | 2,134 | |
| CWIP | 3 | 37 | 57 | 34 | 22 | 55 | 210 | 164 |
| Investments | 1 | 223 | 45 | 220 | 472 | 1,310 | 1,730 | 1,604 |
| 551 | 669 | 1,072 | 942 | 1,008 | 1,149 | 1,296 | 1,610 | |
| Total Assets | 1,590 | 1,920 | 3,184 | 3,069 | 3,259 | 4,173 | 5,118 | 5,512 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| 326 | 394 | 649 | 338 | 591 | 1,238 | 764 | 99 | |
| -139 | -382 | -858 | -166 | -291 | -894 | -714 | -172 | |
| -194 | -12 | 218 | -167 | -295 | -334 | -61 | 72 | |
| Net Cash Flow | -6 | -1 | 9 | 5 | 5 | 10 | -11 | -0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 25 | 30 | 21 | 33 | 26 | 25 | 21 | 31 |
| Inventory Days | 137 | 159 | 167 | 128 | 85 | 88 | 117 | 130 |
| Days Payable | 81 | 67 | 63 | 64 | 59 | 54 | 56 | 50 |
| Cash Conversion Cycle | 82 | 123 | 124 | 98 | 52 | 58 | 81 | 112 |
| Working Capital Days | 33 | 47 | 30 | 49 | 35 | 23 | 30 | 178 |
| ROCE % | 27% | 24% | 2% | 20% | 53% | 29% | 11% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 24 May
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Announcement under Regulation 30 (LODR)-Dividend Updates
23 May - Approved FY25 audited results; recommended Rs.5/share dividend; appointed new Secretarial Auditor for 5 years.
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Appointment Of Secretarial Auditor
23 May - Approved FY25 audited results; recommended Rs.5 dividend; appointed secretarial auditor for 5 years.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
23 May - FY25 revenue down 9%, PAT down 57%, dividend Rs 5/share recommended.
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Results Financial Results
23 May - West Coast Paper Mills approved FY25 audited results; recommended Rs 5/share dividend; appointed new secretarial auditor.
Annual reports
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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
from nse
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Financial Year 2011
from bse
Business Segments
a) Paper Division (93% in H1 FY25 vs 96% in FY22) [1] [2] The company produces premium papers, writing papers, boards, office stationery, etc under the Wesco brand. The segment revenue grew 30% between FY22 and FY24, driven by a 30% rise in price realizations, while volume remained flat. [3] [4]