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West Coast Paper Mills Ltd (WSTCSTPAPR)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500444 NSE: WSTCSTPAPR Paper & Paper Products | Small Cap | West Coast Paper Share Price

₹510.65 -10.25 (-1.97%)

As on 04-Jun'26 16:59

West Coast Paper Mills Ltd (WSTCSTPAPR)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500444 NSE: WSTCSTPAPR Paper & Paper Products | Small Cap | West Coast Paper Share Price

₹510.65 -10.25 (-1.97%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹3,373 Cr.
Current Price
₹510.7
52-Week Low / High
₹375 / 581
TTM EPS
₹23.3
TTM Sales
₹2,498 Cr.
Book Value per Share
₹427.6
P/E Ratio
21.97
Higher than its 5-year historical median
Industry PE
16.9
Price to Book (P/B)
1.19
Lower than its 5-year historical median
Price to Sales (P/S)
1.35
In line with its 5-year historical median
EV/EBITDA
8.99
Higher than its 5-year historical median
Dividend Yield
1.22%
Profitability Efficiency
Return on Equity (ROE)
10.99%
Outperforms industry median
Return on Capital Employed (ROCE)
14.10%
Outperforms industry median
Return on Assets (ROA)
8.62%
Operating Profit Margin
14%
Net Profit Margin
11.34%
Gross Profit Margin
19.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-4.26%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-46.66%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-40.21%
Asset Quality
Promoter Holding
56.58%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹2,811 Cr.
Equity
₹13.2 Cr.
Face Value
₹2
All Time Low / High
₹5.02 / 815.00

West Coast Paper Mills stock performance

Key Ratios
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Valuation

Somewhat Overvalued

Price Trend

Strong
Q.1 Is West Coast Paper Mills Ltd a good quality company?
West Coast Paper Mills Ltd is a good quality company, based on a consistently good 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 West Coast Paper Mills Ltd performance compare with that of its Peers?
Q.1 Revenue growth of West Coast Paper Mills Ltd vs industry peers?
West Coast Paper Mills Ltd revenue CAGR is 4.84%, compared to the industry median CAGR of 5.29%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of West Coast Paper Mills Ltd?
Promoters hold 56.58% of the West Coast Paper Mills Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of West Coast Paper Mills Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 19.6% based on the current price.

10 Year X-Ray :

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.
West Coast Paper Mills Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 6.5%19.8%23.5%27%20.7%2.4%15.7%40.3%26.6%14.1%-
Value Creation
Index
-0.50.40.70.90.5-0.80.11.90.90.0-

Growth Parameters

Sales 1,7001,7691,7101,9791,9821,3681,9852,8102,6232,5112,498
Sales YoY Gr.-4.1%-3.3%15.7%0.2%-31%45.1%41.6%-6.7%-4.3%-
Adj EPS 5.619.233.645.340.2132.68972.142.523.3
YoY Gr.-244%75.3%34.9%-11.4%-97.5%3192.9%173%-19%-41.1%-
BVPS (₹) 77.896.4126.6166.7195.7196.2227.8310375.1409.1427.6
Adj Net
Profit
36.81272222992656.5215588476281154
Cash Flow from Ops. 98.2434326395544239382695454157-
Debt/CF from Ops. 7.6110.91.42.710.20.31-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 4.4%4.8%8.2%-4.3%
Adj EPS 25.3%1.2%9.3%-41.1%
BVPS20.3%15.9%21.6%9.1%
Share Price 20.8% 16.9% -0.2% 6.3%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
6.621.93030.822.10.515.4332110.85.6
Op. Profit
Mgn %
14.719.121.22624.314.520.432.225.11412.5
Net Profit
Mgn %
2.27.21315.113.40.510.920.918.211.26.2
Debt to
Equity
1.50.70.40.30.60.50.30.10.10.10
Working Cap
Days
1321081161201081281028095123100
Cash Conv.
Cycle
5746475465844938608373

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales1,7001,7691,7101,9791,9821,3681,9852,8102,6232,511
Operating Expenses + 1,4511,4311,3481,4701,5011,1771,5801,9081,9672,162
Manufacturing Costs481500515593586443645804749743
Material Costs8017566546646855176918118961,096
Employee Cost 114118123138160164182200220228
Other Costs 555756747054619310295
Operating Profit 250338362509481191406902656350
Operating Profit Margin (%) 14.7%19.1%21.2%25.7%24.3%14.0%20.4%32.1%25.0%13.9%
Other Income + 8518214810344697150
Exceptional Items -53000000000
Interest 76544229726557291920
Depreciation 114111116175166153138119109113
Profit Before Tax 14178223325290-18244799624367
Tax 1449-12914-202621214882
Profit After Tax -01292232962762218587476285
PAT Margin (%) -0.0%7.3%13.1%15.0%13.9%0.2%11.0%20.9%18.2%11.3%
Adjusted EPS (₹)-0.119.533.844.841.90.333.088.972.143.1
Dividend Payout Ratio (%)-1,420.40%12.90%11.80%11.20%12%322.60%18.20%11.30%11.10%11.60%

Valuation of West Coast Paper - 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 + 5146368361,1011,2931,2961,5052,0482,4782,702
Share Capital 13131313131313131313
Reserves 5016238231,0881,2801,2821,4922,0352,4642,689
Debt +640321254310612482291999882
Long Term Debt419237210151524396225649278
Short Term Debt22184441598886653563
Minority Interest0000000000
Trade Payables1991482021807970109105108142
Others Liabilities 377466366380369423493415490504
Total Liabilities 1,7311,5721,6581,9702,3522,2702,3972,6673,1733,429

Fixed Assets

Net Fixed Assets +1,1241,0241,052995913835754671674703
Gross Block2,1822,1822,3182,4142,4982,5432,5972,6192,7112,828
Accumulated Depreciation1,0581,1581,2661,4191,5851,7081,8431,9482,0372,125
CWIP 363375525142596139
Investments 1112239129121,0011,3351,6291,626
Inventories375283343428324240246311442544
Trade Receivables118128119163101126134185195239
Cash Equivalents 1323105485271524
Others Assets 9710713112042124243111123155
Total Assets 1,7311,5721,6581,9702,3522,2702,3972,6673,1733,429

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 98434326395544239382695454157
PBT 14178223325290-18244799624367
Adjustment 23716215219319521816410836-5
Changes in Working Capital -1461164-64913915-65-89-122
Tax Paid -6-22-52-59-32-0-41-148-117-83
Cash Flow From Investing Activity + 34-39-139-384-771-59-88-371-356-82
Capex -30-30-146-162-105-52-22-47-181-182
Net Investments 46-97-221239-0-89-345-21539
Others 1810-1-904-623214061
Cash Flow From Financing Activity + -132-394-194-16225-177-299-311-100-66
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0-197-94-79433-112-212-2112816
Interest Paid -76-52-41-20-57-62-55-25-17-17
Dividend Paid 0-7-17-26-660-7-40-66-53
Others -56-139-43110-84-3-25-36-44-11
Net Cash Flow -11-7-5-14-413-29

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-0.0822.3430.3230.5723.10.1615.5833.0521.0510.99
ROCE (%)6.4719.7623.492720.672.3915.740.2926.614.1
Asset Turnover Ratio0.991.141.071.090.920.590.851.110.90.76
PAT to CFO Conversion(x)N/A3.361.461.331.97119.51.751.180.950.55
Working Capital Days
Receivable Days24.6024262624.3030.3023.8020.7026.4031.50
Inventory Days86.806465.807169.2075.3044.8036.2052.4071.60
Payable Days102.3083.9097.70104.7068.7052.4047.3048.1043.2041.50

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

West Coast Paper Mills Ltd FAQs

The current trading price of West Coast Paper on 04-Jun-2026 16:59 is ₹510.6.

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 03-Jun-2026 the market cap of West Coast Paper stood at ₹3,372.8 Cr

The latest P/E ratio of West Coast Paper as of 03-Jun-2026 is 21.97.

The latest P/B ratio of West Coast Paper as of 03-Jun-2026 is 1.19.

The 52-week high of West Coast Paper is ₹581.4 and the 52-week low is ₹375.1.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of West Coast Paper is ₹2,498 ( Cr.) .

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

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.

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

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.

Products

  • Printing & Writing Paper
  • MG Variety
  • Premium Printing Paper
  • Security & Hi-Value Grade Papers
  • Wesco Bond, an exclusive range crafted especially for the hi-tech business
  • Cup Stock & Coated Duplex Boards
  • Value Added Products
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