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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 PaperMill Share Price

₹590.05 17.75 (3.10%)

As on 05-Aug'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 PaperMill Share Price

₹590.05 17.75 (3.10%)

As on 05-Aug'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹3,780 Cr.
Current Price
₹590.1
52-Week Low / High
₹375 / 589
TTM EPS
₹23.3
TTM Sales
₹2,498 Cr.
Book Value per Share
₹427.2
P/E Ratio
24.62
Higher than its 5-year historical median
Industry PE
16.6
Price to Book (P/B)
1.34
Lower than its 5-year historical median
Price to Sales (P/S)
1.51
Higher than its 5-year historical median
EV/EBITDA
10.06
Higher than its 5-year historical median
Dividend Yield
0.51%
Profitability Efficiency
Return on Equity (ROE)
5.56%
Outperforms industry median
Return on Capital Employed (ROCE)
8.67%
Outperforms industry median
Return on Assets (ROA)
4.47%
Operating Profit Margin
12.5%
Net Profit Margin
6.15%
Gross Profit Margin
14.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
-0.51%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
-10.48%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-46.07%
Asset Quality
Promoter Holding
56.58%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹2,808 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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Check Before You Invest

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 12.80%, compared to the industry median CAGR of 6.22%, indicating faster growth and gaining 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 20.1% 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'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 19.8%23.5%27%20.7%2.4%15.7%40.3%26.6%14.1%8.7%-
Value Creation
Index
0.40.70.90.5-0.80.11.90.90.0-0.4-

Growth Parameters

Sales 1,7691,7101,9791,9821,3681,9852,8102,6232,5112,4982,498
Sales YoY Gr.--3.3%15.7%0.2%-31%45.1%41.6%-6.7%-4.3%-0.5%-
Adj EPS 19.233.645.340.2132.68972.142.523.123.3
YoY Gr.-75.3%34.9%-11.4%-97.5%3192.9%173%-19%-41.1%-45.7%-
BVPS (₹) 96.4126.6166.7195.7196.2227.8310375.1409.1427.2427.2
Adj Net
Profit
1272222992656.5215588476281152154
Cash Flow from Ops. 434326395544239382695454157298-
Debt/CF from Ops. 110.91.42.710.20.310.3-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 3.9%12.8%-3.8%-0.5%
Adj EPS 2.1%87.7%-36.2%-45.7%
BVPS18%16.8%11.3%4.4%
Share Price 20.4% 16.9% 7.5% 14.4%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
21.93030.822.10.515.4332110.85.55.4
Op. Profit
Mgn %
19.121.22624.314.520.432.225.11412.512.5
Net Profit
Mgn %
7.21315.113.40.510.920.918.211.26.16.2
Debt to
Equity
0.70.40.30.60.50.30.10.10.100
Working Cap
Days
1081161201081281028095123130100
Cash Conv.
Cycle
4647546584493860839373

Valuation of West Coast PaperMill - 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!

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 (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales1,7691,7101,9791,9821,3681,9852,8102,6232,5112,498
Operating Expenses + 1,4311,3481,4701,5011,1771,5801,9081,9672,1622,185
Manufacturing Costs500515593586443645804749743735
Material Costs7566546646855176918118961,0961,135
Employee Cost 118123138160164182200220228232
Other Costs 575674705461931029584
Operating Profit 338362509481191406902656350313
Operating Profit Margin (%) 19.1%21.2%25.7%24.3%14.0%20.4%32.1%25.0%13.9%12.5%
Other Income + 51821481034469715070
Exceptional Items 0000000000
Interest 54422972655729192022
Depreciation 111116175166153138119109113132
Profit Before Tax 178223325290-18244799624367228
Tax 49-12914-20262121488274
Profit After Tax 1292232962762218587476285154
PAT Margin (%) 7.3%13.1%15.0%13.9%0.2%11.0%20.9%18.2%11.3%6.2%
Adjusted EPS (₹)19.533.844.841.90.333.088.972.143.123.3
Dividend Payout Ratio (%)12.90%11.80%11.20%12%322.60%18.20%11.30%11.10%11.60%12.90%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 6368361,1011,2931,2961,5052,0482,4782,7022,822
Share Capital 13131313131313131313
Reserves 6238231,0881,2801,2821,4922,0352,4642,6892,808
Debt +32125431061248229199988255
Long Term Debt23721015152439622564927855
Short Term Debt844415988866535630
Minority Interest0000000000
Trade Payables148202180797010910510814297
Others Liabilities 466366380369423493415490504460
Total Liabilities 1,5721,6581,9702,3522,2702,3972,6673,1733,4293,433

Fixed Assets

Net Fixed Assets +1,0241,052995913835754671674703788
Gross Block2,1822,3182,4142,4982,5432,5972,6192,7112,8283,035
Accumulated Depreciation1,1581,2661,4191,5851,7081,8431,9482,0372,1252,247
CWIP 633755251425961398
Investments 112239129121,0011,3351,6291,6261,779
Inventories283343428324240246311442544529
Trade Receivables128119163101126134185195239225
Cash Equivalents 2310548527152418
Others Assets 1071311204212424311112315588
Total Assets 1,5721,6581,9702,3522,2702,3972,6673,1733,4293,433
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 434326395544239382695454157298
PBT 178223325290-18244799624367228
Adjustment 16215219319521816410836-588
Changes in Working Capital 1164-64913915-65-89-12217
Tax Paid -22-52-59-32-0-41-148-117-83-36
Cash Flow From Investing Activity + -39-139-384-771-59-88-371-356-82-178
Capex -30-146-162-105-52-22-47-181-182-80
Net Investments -97-221239-0-89-345-21539-140
Others 10-1-904-62321406142
Cash Flow From Financing Activity + -394-194-16225-177-299-311-100-66-126
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -197-94-79433-112-212-2112816-23
Interest Paid -52-41-20-57-62-55-25-17-17-20
Dividend Paid -7-17-26-660-7-40-66-53-33
Others -139-43110-84-3-25-36-44-11-49
Net Cash Flow 1-7-5-14-413-29-6
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)22.3430.3230.5723.10.1615.5833.0521.0510.995.56
ROCE (%)19.7623.492720.672.3915.740.2926.614.18.67
Asset Turnover Ratio1.141.071.090.920.590.851.110.90.760.73
PAT to CFO Conversion(x)3.361.461.331.97119.51.751.180.950.551.94
Working Capital Days
Receivable Days24262624.3030.3023.8020.7026.4031.5033.90
Inventory Days6465.807169.2075.3044.8036.2052.4071.6078.30
Payable Days83.9097.70104.7068.7052.4047.3048.1043.2041.5038.40

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West Coast Paper Mills Ltd FAQs

The current trading price of West Coast PaperMill on 05-Aug-2026 16:59 is ₹590.0.

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 04-Aug-2026 the market cap of West Coast PaperMill stood at ₹3,780 Cr

The latest P/E ratio of West Coast PaperMill as of 04-Aug-2026 is 24.62.

The latest P/B ratio of West Coast PaperMill as of 04-Aug-2026 is 1.34.

The 52-week high of West Coast PaperMill is ₹588.7 and the 52-week low is ₹375.1.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of West Coast PaperMill 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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