Is West Coast Paper Mills a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that West Coast Paper Mills Ltd is a good quality company .

Is West Coast Paper Mills undervalued or overvalued?

The key valuation ratios of West Coast Paper Mills Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone .

What is West Coast Paper Mills share price return in the past 10 years?

West Coast Paper Mills Ltd share price has appreciated 27.4% annually (CAGR) over the past ten years.

Is West Coast Paper Mills a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of West Coast Paper Mills Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the P/E ratio of West Coast Paper Mills?

The latest standalone P/E ratio of West Coast Paper Mills as of 16-Apr-2024 is 7.15.

What is the P/B ratio of West Coast Paper Mills?

The latest standalone P/B ratio of West Coast Paper Mills as of 16-Apr-2024 is 1.68.

What is the 52-week high and low of West Coast Paper Mills?

The 52-week high of West Coast Paper Mills is Rs. 815.00 and the 52-week low is Rs. 465.30.

West Coast Paper Mills Ltd - Stock Valuation and Financial Performance

Name: West Coast Paper Mills
Brand: West Coast Paper Mills

BSE: 500444 | NSE: WSTCSTPAPR | Paper & Paper Products | Small Cap

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West Coast Paper Share Price

₹606.10 4.45 0.74%
as on 16-Apr'24 16:01

10 Year X-Ray of West Coast Paper:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	3.5%	5.4%	6.5%	14%	22.3%	24.3%	18%	2.6%	13.3%	29.6%	-
Value Creation Index ⓘ	-0.8	-0.6	-0.5	0	0.6	0.7	0.3	-0.8	-0.1	1.1	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	1,562	1,648	1,700	1,769	1,710	1,979	1,982	1,368	1,985	2,810	2,689
Sales YoY Gr.	-	5.5%	3.1%	4.1%	-3.3%	15.7%	0.2%	-31%	45.1%	41.6%	-
Adj EPS ⓘ	1.2	5.6	5.6	19.2	33.6	45.3	40.2	1	32.6	89	84.8
YoY Gr.	-	380.2%	0%	244%	75.3%	34.9%	-11.4%	-97.5%	3192.9%	173%	-
BVPS (₹) ⓘ	89.9	90.1	77.8	96.4	126.6	166.7	195.7	196.2	227.8	310	361
Adj Net Profit ⓘ	7.7	36.8	36.8	127	222	299	265	6.5	215	588	560
Cash Flow from Ops. ⓘ	150	257	98.2	434	326	395	544	239	382	695	-
Debt/CF from Ops. ⓘ	7.1	3.6	7.6	1	1	0.9	1.4	2.7	1	0.2	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	6.7%	10.4%	12.3%	41.6%
Adj EPS ⓘ	62%	21.5%	30.4%	173%
BVPSⓘ	14.7%	19.6%	16.6%	36.1%
Share Price	27.4%	18.6%	43.7%	7.5%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	1.3	6.2	6.6	21.9	30	30.8	22.1	0.5	15.4	33	25.3
Op. Profit Mgn % ⓘ	13.4	14.9	14.7	19.1	21.2	26	24.3	14.5	20.4	32.2	29.2
Net Profit Mgn % ⓘ	0.5	2.2	2.2	7.2	13	15.1	13.4	0.5	10.9	20.9	20.8
Debt to Equity ⓘ	1.8	1.5	1.5	0.7	0.4	0.3	0.6	0.5	0.3	0.1	-
Working Cap Days ⓘ	151	157	132	108	116	120	108	128	102	95	61
Cash Conv. Cycle ⓘ	63	63	57	46	47	54	65	84	49	38	37

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 25.30%

Sales growth is growing at healthy rate in last 3 years 12.34%

Net Profit is growing at healthy rate in last 3 years 30.39%

Sales growth is not so good in last 4 quarters at 0.21%

Latest Financials - West Coast Paper Mills Ltd.

	Standalone	Consolidated
TTM EPS (₹)	84.8	128.8
TTM Sales (₹ Cr.)	2,689	4,735
BVPS (₹.) ⓘ	361	472.5
Reserves (₹ Cr.) ⓘ	2,371	3,107
P/BV ⓘ	1.68	1.28
PE ⓘ	7.15	4.71

From the Market
52 Week Low / High (₹)	465.30 / 815.00
All Time Low / High (₹)	5.02 / 815.00
Market Cap (₹ Cr.)	4,005
Equity (₹ Cr.)	13.2
Face Value (₹)	2
Industry PE ⓘ	7.2

Management X-Ray of West Coast Paper:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of West Coast Paper

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of West Coast Paper

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	1,562	1,648	1,700	1,769	1,710	1,979	1,982	1,368	1,985	2,810
Operating Expenses ⓘ	1,355	1,403	1,451	1,431	1,348	1,470	1,501	1,177	1,580	1,908
Manufacturing Costs	538	504	481	500	515	593	586	443	645	804
Material Costs	682	759	801	756	654	664	685	517	691	811
Employee Cost	90	97	114	118	123	138	160	164	182	200
Other Costs ⓘ	44	42	55	57	56	74	70	54	61	93
Operating Profit ⓘ	208	246	250	338	362	509	481	191	406	902
Operating Profit Margin (%)	13.3%	14.9%	14.7%	19.1%	21.2%	25.7%	24.3%	14.0%	20.4%	32.1%
Other Income ⓘ	7	3	8	5	18	21	48	10	34	46
Interest ⓘ	73	70	76	54	42	29	72	65	57	29
Depreciation ⓘ	127	122	114	111	116	175	166	153	138	119
Exceptional Items ⓘ	0	-52	-53	0	0	0	0	0	0	0
Profit Before Tax ⓘ	14	5	14	178	223	325	290	-18	244	799
Tax ⓘ	7	4	14	49	-1	29	14	-20	26	212
Profit After Tax	7	1	0	129	223	296	276	2	218	587
PAT Margin (%)	0.4%	0.1%	0.0%	7.3%	13.1%	15.0%	13.9%	0.1%	11.0%	20.9%
Adjusted EPS (₹)	1.0	0.2	-0.1	19.5	33.8	44.8	41.9	0.3	33.0	88.9
Dividend Payout Ratio (%)	100%	0%	-1,420%	13%	12%	11%	12%	323%	18%	11%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Shareholders Fund	594	595	514	636	836	1,101	1,293	1,296	1,505	2,048
Share Capital ⓘ	13	13	13	13	13	13	13	13	13	13
Reserves ⓘ	581	582	501	623	823	1,088	1,280	1,282	1,492	2,035
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	859	697	640	321	254	310	612	482	291	99
Long Term Debt	586	396	419	237	210	151	524	396	225	64
Short Term Debt	274	301	221	84	44	159	88	86	65	35
Trade Payables	258	249	199	148	202	180	79	70	109	105
Others Liabilities ⓘ	383	383	377	466	366	380	369	423	493	646
Total Liabilities ⓘ	2,094	1,925	1,731	1,572	1,658	1,970	2,352	2,270	2,397	2,898
Fixed Assets
Gross Block	2,051	2,077	2,182	2,182	2,318	2,414	2,498	2,543	2,597	2,619
Accumulated Depreciation	809	930	1,058	1,158	1,266	1,419	1,585	1,708	1,843	1,948
Net Fixed Assetsⓘ	1,243	1,147	1,124	1,024	1,052	995	913	835	754	671
CWIP ⓘ	5	2	3	6	3	37	55	25	14	25
Investmentsⓘ	47	47	1	1	1	223	912	912	1,001	1,335
Inventories	488	483	375	283	343	428	324	240	246	311
Trade Receivables	101	125	118	128	119	163	101	126	134	185
Cash Equivalents	9	13	13	23	10	5	4	8	5	27
Others Assetsⓘ	202	108	97	107	131	120	42	124	243	343
Total Assets ⓘ	2,094	1,925	1,731	1,572	1,658	1,970	2,352	2,270	2,397	2,898

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Cash Flow From Operating Activity ⓘ	149	257	98	434	326	395	544	239	382	695
PBT ⓘ	14	5	14	178	223	325	290	-18	244	799
Adjustment ⓘ	197	240	237	162	152	193	195	218	164	108
Changes in Working Capital ⓘ	-57	64	-146	116	4	-64	91	39	15	-65
Tax Paid ⓘ	-4	0	-6	-22	-52	-59	-32	0	-41	-148
Cash Flow From Investing Activity ⓘ	-51	-22	34	-39	-139	-384	-771	-59	-88	-371
Capex	-56	-23	-30	-30	-146	-162	-105	-52	-22	-47
Net Investments	0	0	46	-9	7	-221	239	0	-89	-345
Others ⓘ	6	1	18	1	0	-1	-904	-6	23	21
Cash Flow From Financing Activityⓘ	-95	-230	-132	-394	-194	-16	225	-177	-299	-311
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	-197	-94	-79	433	-112	-212	-211
Interest Paid ⓘ	-73	-67	-76	-52	-41	-20	-57	-62	-55	-25
Dividend Paid ⓘ	-7	-7	0	-7	-17	-26	-66	0	-7	-40
Others ⓘ	-16	-157	-56	-139	-43	110	-84	-3	-25	-36
Net Cash Flow ⓘ	3	4	-1	1	-7	-5	-1	4	-4	13

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	1.12	0.19	-0.08	22.34	30.32	30.57	23.1	0.16	15.58	33.05
ROCE (%)	5.22	4.7	6.47	19.76	23.49	27	20.67	2.39	15.7	40.29
Asset Turnover Ratio	0.82	0.87	0.99	1.14	1.07	1.09	0.92	0.59	0.85	1.06
PAT to CFO Conversion(x)	21.29	257	N/A	3.36	1.46	1.33	1.97	119.5	1.75	1.18
Working Capital Days
Receivable Days	20	24	25	24	26	26	24	30	24	21
Inventory Days	87	101	87	64	66	71	69	75	45	36
Payable Days	97	122	102	84	98	105	69	52	47	48

West Coast Paper Mills Ltd Stock News

West Coast Paper Mills Ltd FAQs

What is the share price of West Coast Paper?

Company share prices are keep on changing according to the market conditions. The closing price of West Coast Paper on 16-Apr-2024 16:01 is ₹606.1.

What is the market cap of West Coast Paper?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 16-Apr-2024 16:01 the market cap of West Coast Paper stood at ₹4,004.6.

What is the P/E ratio of West Coast Paper?

The latest P/E ratio of West Coast Paper as of 16-Apr-2024 16:01 is 7.15.

What is the P/B ratio of West Coast Paper?

The latest P/B ratio of West Coast Paper as of 16-Apr-2024 16:01 is 1.68.

What is the 52-week high and low of West Coast Paper?

The 52-week high of West Coast Paper is ₹815.0 and the 52-week low is ₹465.3.

What is the TTM revenue of West Coast Paper?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of West Coast Paper is ₹2,689 ( Cr.) .

About West Coast Paper Mills Ltd

West Coast Paper Mills Limited (WCPM) 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.

The saga of its growth and achievements resulting in the satisfaction of its clients and investors is a testimony to its zealous commitment for creativity and innovation. The state of the art and environment friendly paper manufacturing technologies that have been adopted by it over the years have ensured a sustainable growth of the Company.

The company is committed to stay alert and sensitive to the environmental consequences of its endeavors while persisting on the efforts to better its profits and business interests. It is an environmentally compliant Company that rigorously follows an Eco friendly policy that works towards increasing the green cover of its land and maintaining a sustainable environment for the health and well-being of the current and future generations, particularly of those living in the close vicinity of the Mills.

The company follows Total Quality Management System (TQMS) in order to provide best quality products at optimal price to its customers. The highly coveted awards conferred on it by the reputed agencies, including awards from the National Productivity Council, Government of India, speak for themselves about its constant pursuit of industrial excellence.

The Research and Development wing at the Organization keeps striving tirelessly to bring in innovations in the manufacturing of paper from wood and to improve the production processes. Further, the company’s stringent measures are put in place for pollution control and industrial safety, thereby providing a safe working environment for all employees.

Business area of the company

The company operates in two business segments - Paper / Paperboard (including Duplex Board) at Dandeli and Telecommunication Cables at Mysore, besides having Wind Mills of 1.75 MW capacity in Tamilnadu for power generation.

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