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The Western Indian Plywoods Ltd (WIPL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: WIPL Laminates/Decoratives | Small Cap | The Western Indian Share Price

BSE Share Price
Not Listed

The Western Indian Plywoods Ltd (WIPL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: WIPL Laminates/Decoratives | Small Cap | The Western Indian Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹150 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹2.9
TTM Sales
₹118 Cr.
Book Value per Share
₹64.6
P/E Ratio
61.84
Higher than its 5-year historical median
Industry PE
44
Price to Book (P/B)
2.74
Higher than its 5-year historical median
Price to Sales (P/S)
1.28
Higher than its 5-year historical median
EV/EBITDA
26.16
Higher than its 5-year historical median
Dividend Yield
INF%
Profitability Efficiency
Return on Equity (ROE)
6.27%
Underperforms industry median
Return on Capital Employed (ROCE)
8.45%
Underperforms industry median
Return on Assets (ROA)
4.04%
Operating Profit Margin
5.9%
Net Profit Margin
2.87%
Gross Profit Margin
5.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
6.42%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-11.36%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-13.87%
Asset Quality
Promoter Holding
37.06%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹46 Cr.
Equity
₹8.5 Cr.
Face Value
₹10
All Time Low / High
- / -

The Western Indian Plywoods stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is The Western Indian Plywoods Ltd a good quality company?
The Western Indian Plywoods Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does The Western Indian Plywoods Ltd performance compare with that of its Peers?
Q.1 Revenue growth of The Western Indian Plywoods Ltd vs industry peers?
The Western Indian Plywoods Ltd revenue CAGR is 4.40%, compared to the industry median CAGR of 4.40%, indicating stable growth and maintaining its market share.
Q.1 Promoter shareholding and pledge status of The Western Indian Plywoods Ltd?
Promoters hold 37.06% of the The Western Indian Plywoods Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of The Western Indian Plywoods Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of 21.15% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
The Western Indian Plywoods Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 8.3%7.8%6.4%8.5%6.7%4.6%5.4%11.1%10%8.5%-
Value Creation
Index
-0.4-0.4-0.5-0.4-0.5-0.7-0.6-0.2-0.3-0.4-

Growth Parameters

Sales 84.781.1889892.483.598.6107108115118
Sales YoY Gr.--4.2%8.5%11.3%-5.7%-9.7%18.1%8.2%1%6.4%-
Adj EPS 2.4-0.80.92.61.61.21.54.54.33.72.9
YoY Gr.--133.9%NA187.6%-36.3%-29.5%33.9%193.5%-4%-14.3%-
BVPS (₹) 047.649.251.95253.253.457.260.363.364.6
Adj Net
Profit
2-0.70.82.21.411.33.83.73.22
Cash Flow from Ops. 13.25.93.76.76.99.62.3163.22.4-
Debt/CF from Ops. 2.45.58.343.21.77.51.14.96.4-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 3.4%4.4%5.2%6.4%
Adj EPS 5.2%17.9%34.2%-14.3%
BVPSNA4%5.9%4.9%
Share Price - 21.5% 18% 9.6%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
5-1.71.85.13.12.22.98.27.464.5
Op. Profit
Mgn %
9.25.23.47.96.665.27.375.94.3
Net Profit
Mgn %
2.4-0.80.92.21.51.21.33.63.42.82.1
Debt to
Equity
0.80.80.70.60.50.40.40.40.30.30.1
Working Cap
Days
22422822219219519615513012213280
Cash Conv.
Cycle
17317216914715014811897899847

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales85818898928399107108115
Operating Expenses + 7777859086789399100108
Manufacturing Costs22242730302735343743
Material Costs37344042373540434342
Employee Cost 14151413151214171617
Other Costs 4444444555
Operating Profit 8438655887
Operating Profit Margin (%) 9.2%5.2%3.4%7.7%6.6%6.0%5.2%7.3%7.0%5.9%
Other Income + 1131100111
Exceptional Items -0310000000
Interest 3443221111
Depreciation 2222222112
Profit Before Tax 3213212655
Tax 11-11101221
Profit After Tax 2122211443
PAT Margin (%) 2.1%1.7%2.1%2.2%1.8%1.2%1.4%3.9%3.6%2.9%
Adjusted EPS (₹)2.01.62.22.52.01.21.74.94.53.9
Dividend Payout Ratio (%)35.10%43.80%0%35.50%0%67.90%47.90%20.50%26.60%31%

Valuation of The Western Indian - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 41404244444545495154
Share Capital 10888888888
Reserves 30323336363737404345
Debt +28302825201515161414
Long Term Debt8517161514131186
Short Term Debt2025119512578
Minority Interest0000000000
Trade Payables8765554446
Others Liabilities 121410109889910
Total Liabilities 89928784787372777984

Fixed Assets

Net Fixed Assets +15171716151615151818
Gross Block125192123242627283335
Accumulated Depreciation11024681012141517
CWIP 3110001300
Investments 11111111111211121212
Inventories37383328251916141316
Trade Receivables14141417171720142023
Cash Equivalents 556534413109
Others Assets 4656555555
Total Assets 89928784787372777984

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 1364771021632
PBT 2113212655
Adjustment 7315443323
Changes in Working Capital 622-024-28-3-5
Tax Paid -1-1-1-1-1-0-0-1-2-0
Cash Flow From Investing Activity + -5-12-0-0-2-1-4-3-1
Capex -3-2-1-1-1-2-2-3-2-1
Net Investments -2000000000
Others 0020100-0-1-0
Cash Flow From Financing Activity + -8-4-5-7-8-7-1-2-4-3
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -0-412-2-1-10-3-4-2
Interest Paid -3-3-3-3-2-2-1-1-1-1
Dividend Paid -1-1-0-0-1-0-1-1-1-1
Others -43-14-2-5-41321
Net Cash Flow 100-1-11010-4-2

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)4.713.434.485.013.82.243.138.817.666.27
ROCE (%)8.287.816.428.466.744.645.3611.13108.45
Asset Turnover Ratio1.040.991.011.151.141.111.361.431.391.41
PAT to CFO Conversion(x)6.5623.53.510240.750.67
Working Capital Days
Receivable Days60.6055.8056.4057.5066.9075.5069.7059.6057.6068.40
Inventory Days147.80152.40142.70114.20106.5097.6065.9052.4046.2046.50
Payable Days70.8080.7060.4050.3053.205439.603234.3043.20

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *10.0510.1010.1010.1010.1010.1010.100.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

The Western Indian Plywoods Ltd FAQs

The current trading price of The Western Indian on 01-Jan-1970 05:30 is ₹0.00.

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 31-Dec-1969 the market cap of The Western Indian stood at ₹150.3 Cr

The latest P/E ratio of The Western Indian as of 31-Dec-1969 is 61.84.

The latest P/B ratio of The Western Indian as of 31-Dec-1969 is 2.74.

The 52-week high of The Western Indian is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of The Western Indian is ₹118 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that The Western Indian Plywoods Ltd is a average quality company.

The key valuation ratios of The Western Indian Plywoods Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of The Western Indian Plywoods Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About The Western Indian Plywoods Ltd

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About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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