West Coast Paper Mills Ltd

West Coast Paper Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

West Coast Paper Mills Ltd

₹ 542 2.18%
30 May - close price
westcoastpaper.com BSE: 500444 NSE : WSTCSTPAPR
About

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]

Key Points

Business Segments & Revenue Mix FY22
Paper and Paperboard Division (96% of revenues)
The company produces the finest papers under the WESCO brand Paper & boards, along with a range of office stationery, premium printing products, and other value-added products under this brand. [1] [2]
The production of Paper and Paperboard was 296785 MT (93 % capacity utilization). [3]

Website BSE NSE
  • Market Cap ₹ 3,583 Cr.
  • Current Price ₹ 542
  • High / Low ₹ 664 / 286
  • Stock P/E 3.77
  • Book Value ₹ 391
  • Dividend Yield 1.11 %
  • ROCE 61.5 %
  • ROE 44.6 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 33.9% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 25.0%

Cons

  • Working capital days have increased from 61.5 days to 100 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

Sector: Paper Industry: Paper

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
743 302 429 576 937 538 900 872 1,067 1,114 1,210 1,239 1,357
567 291 409 517 774 438 758 712 836 793 843 778 865
Operating Profit 176 11 20 59 163 100 142 160 231 321 367 461 493
OPM % 24% 4% 5% 10% 17% 19% 16% 18% 22% 29% 30% 37% 36%
11 2 6 5 8 14 11 11 22 11 17 24 10
Interest 27 20 18 21 10 18 11 12 17 6 7 14 10
Depreciation 62 55 56 57 61 52 54 54 53 46 47 48 48
Profit before tax 98 -63 -48 -14 99 44 88 106 183 280 331 423 444
Tax % -49% 25% 17% 66% 12% 10% 12% 16% 23% 25% 26% 26% 28%
Net Profit 146 -47 -40 -5 87 39 78 88 141 209 246 311 321
EPS in Rs 18.16 -6.00 -5.38 -0.44 11.34 4.84 10.97 11.82 18.86 28.06 32.50 39.93 42.12
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
1,710 1,979 2,493 2,245 3,378 4,921
1,348 1,468 1,875 1,983 2,740 3,279
Operating Profit 362 511 618 261 638 1,642
OPM % 21% 26% 25% 12% 19% 33%
18 20 52 12 54 62
Interest 42 29 75 70 59 37
Depreciation 116 176 198 229 213 189
Profit before tax 222 326 397 -26 420 1,478
Tax % -0% 9% -2% 83% 18% 26%
Net Profit 223 296 406 -4 346 1,087
EPS in Rs 33.79 44.82 56.08 -0.47 46.49 142.62
Dividend Payout % 12% 11% 9% -213% 13% -0%
Compounded Sales Growth
10 Years: %
5 Years: 24%
3 Years: 25%
TTM: 46%
Compounded Profit Growth
10 Years: %
5 Years: 34%
3 Years: 37%
TTM: 207%
Stock Price CAGR
10 Years: 25%
5 Years: 14%
3 Years: 62%
1 Year: 61%
Return on Equity
10 Years: %
5 Years: 27%
3 Years: 25%
Last Year: 45%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
13 13 13 13 13 13
Reserves 826 1,090 1,375 1,373 1,670 2,568
315 361 753 676 478 231
436 455 1,043 1,007 1,097 1,371
Total Liabilities 1,590 1,920 3,184 3,069 3,259 4,183
1,035 991 2,010 1,873 1,757 1,660
CWIP 3 37 57 34 22 53
Investments 1 223 45 220 472 1,310
551 669 1,072 942 1,008 1,160
Total Assets 1,590 1,920 3,184 3,069 3,259 4,183

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
326 394 649 338 591 1,238
-139 -382 -858 -166 -289 -894
-194 -12 218 -167 -295 -334
Net Cash Flow -6 -1 9 5 7 10

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 25 30 21 33 26 25
Inventory Days 137 159 167 128 85 88
Days Payable 81 67 63 64 59 54
Cash Conversion Cycle 82 123 124 98 52 58
Working Capital Days 33 47 30 49 35 100
ROCE % 27% 26% 3% 23% 62%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
56.17 56.17 56.20 56.29 56.35 56.45 56.47 56.48 56.48 56.51 56.52 56.53
3.15 3.00 2.67 2.19 1.97 1.95 2.23 2.23 2.35 3.67 5.62 7.04
12.08 10.96 10.00 8.99 8.39 8.48 8.44 8.80 8.76 7.46 7.60 7.57
28.60 29.87 31.13 32.53 33.28 33.11 32.86 32.48 32.41 32.34 30.26 28.87

* 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.

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Documents

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Concalls

  • Mar 2023
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