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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
₹713.10 3.65 (0.51%)
As on 11-Sep'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
₹713.10 3.65 (0.51%)
As on 11-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹4,710 Cr.
Current Price
₹713.1
52-Week Low / High
₹375 / 722
TTM EPS
₹34.8
TTM Sales
₹4,389 Cr.
Book Value per Share
₹567.3
P/E Ratio
20.51
Higher than its 5-year historical median
Industry PE
17
Price to Book (P/B)
1.26
Lower than its 5-year historical median
Price to Sales (P/S)
1.07
Lower than its 5-year historical median
EV/EBITDA
8.04
Higher than its 5-year historical median
Dividend Yield
0.42%
Profitability Efficiency
Return on Equity (ROE)
4.39%
Underperforms industry median
Return on Capital Employed (ROCE)
7.11%
Outperforms industry median
Return on Assets (ROA)
2.84%
Operating Profit Margin
9.7%
Net Profit Margin
3.64%
Gross Profit Margin
11.4%
Growth Momentum
1-yr vs 3-yr growth
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
-14.32%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-53.6%
Asset Quality
Promoter Holding
56.58%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹3,734 Cr.
Equity
₹13.2 Cr.
Face Value
₹2
All Time Low / High
₹5.02 / 815.00
Check Before You Invest
Quality
Very GoodValuation
OvervaluedCheck Valuation charts
Price Trend
Strong
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?
Revenue growth of West Coast Paper Mills Ltd vs industry peers?
West Coast Paper Mills Ltd revenue CAGR is 13.77%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
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.
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 21.9% 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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 19.8% | 23.5% | 27% | 20.7% | 2.4% | 15.7% | 40.3% | 26.6% | 14.1% | 8.7% | - |
| Value Creation Index ⓘ | 0.4 | 0.7 | 0.9 | 0.5 | -0.8 | 0.1 | 1.9 | 0.9 | 0.0 | -0.4 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 1,769 | 1,710 | 1,979 | 1,982 | 1,368 | 1,985 | 2,810 | 2,623 | 2,511 | 2,498 | 2,581 |
| Sales YoY Gr. | - | -3.3% | 15.7% | 0.2% | -31% | 45.1% | 41.6% | -6.7% | -4.3% | -0.5% | - |
| Adj EPS ⓘ | 19.2 | 33.6 | 45.3 | 40.2 | 1 | 32.6 | 89 | 72.1 | 42.5 | 23.1 | 33.5 |
| YoY Gr. | - | 75.3% | 34.9% | -11.4% | -97.5% | 3192.9% | 173% | -19% | -41.1% | -45.7% | - |
| BVPS (₹) ⓘ | 96.4 | 126.6 | 166.7 | 195.7 | 196.2 | 227.8 | 310 | 375.1 | 409.1 | 427.2 | 443.6 |
| Adj Net Profit ⓘ | 127 | 222 | 299 | 265 | 6.5 | 215 | 588 | 476 | 281 | 152 | 221 |
| Cash Flow from Ops. ⓘ | 434 | 326 | 395 | 544 | 239 | 382 | 695 | 454 | 157 | 298 | - |
| Debt/CF from Ops. ⓘ | 1 | 1 | 0.9 | 1.4 | 2.7 | 1 | 0.2 | 0.3 | 1 | 0.3 | - |
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% | ||||
| BVPSⓘ | 18% | 16.8% | 11.3% | 4.4% | ||||
| Share Price | 21.2% | 25.1% | 1.3% | 45.7% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 21.9 | 30 | 30.8 | 22.1 | 0.5 | 15.4 | 33 | 21 | 10.8 | 5.5 | 7.7 |
| Op. Profit Mgn % ⓘ | 19.1 | 21.2 | 26 | 24.3 | 14.5 | 20.4 | 32.2 | 25.1 | 14 | 12.5 | 14.9 |
| Net Profit Mgn % ⓘ | 7.2 | 13 | 15.1 | 13.4 | 0.5 | 10.9 | 20.9 | 18.2 | 11.2 | 6.1 | 8.6 |
| Debt to Equity ⓘ | 0.7 | 0.4 | 0.3 | 0.6 | 0.5 | 0.3 | 0.1 | 0.1 | 0.1 | 0 | - |
| Working Cap Days ⓘ | 108 | 116 | 120 | 108 | 128 | 102 | 80 | 95 | 123 | 130 | 100 |
| Cash Conv. Cycle ⓘ | 46 | 47 | 54 | 65 | 84 | 49 | 38 | 60 | 83 | 93 | 73 |
Valuation of West Coast PaperMill - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'05 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 501 | 1,710 | 1,979 | 2,493 | 2,245 | 3,378 | 4,921 | 4,448 | 4,062 | 4,279 |
| Operating Expenses ⓘ + | 439 | 1,348 | 1,468 | 1,877 | 1,992 | 2,744 | 3,279 | 3,356 | 3,581 | 3,867 |
| Operating Profit ⓘ | 61 | 362 | 511 | 616 | 253 | 633 | 1,642 | 1,092 | 481 | 412 |
| Operating Profit Margin (%) | 12.2% | 21.2% | 25.8% | 24.7% | 11.3% | 18.8% | 33.4% | 24.6% | 11.8% | 9.6% |
| Other Income ⓘ + | 5 | 18 | 20 | 54 | 25 | 62 | 78 | 170 | 211 | 115 |
| Interest ⓘ | 10 | 42 | 29 | 75 | 70 | 63 | 37 | 24 | 38 | 42 |
| Depreciation ⓘ | 20 | 116 | 176 | 198 | 229 | 213 | 189 | 185 | 210 | 248 |
| Profit Before Tax ⓘ | 37 | 222 | 326 | 397 | -26 | 420 | 1,478 | 1,053 | 444 | 237 |
| Tax ⓘ | 7 | -1 | 30 | -9 | -22 | 75 | 391 | 267 | 108 | 82 |
| Profit After Tax | 30 | 223 | 296 | 406 | -4 | 346 | 1,087 | 786 | 336 | 156 |
| PAT Margin (%) | 6.0% | 13.1% | 15.0% | 16.3% | -0.2% | 10.2% | 22.1% | 17.7% | 8.3% | 3.6% |
| Adjusted EPS (₹) | 6.8 | 33.8 | 44.8 | 56.1 | -0.5 | 46.5 | 142.6 | 104.8 | 47.1 | 22.8 |
| Dividend Payout Ratio (%) | 44.10% | 11.80% | 11.20% | 8.90% | -212.80% | 12.90% | 7% | 7.60% | 10.60% | 13.20% |
| PARTICULARS | Mar'05 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 164 | 836 | 1,101 | 1,385 | 1,386 | 1,683 | 2,578 | 3,239 | 3,489 | 3,605 | |
| Debt + | 241 | 254 | 313 | 623 | 514 | 342 | 145 | 195 | 299 | 214 | |
| Minority Interest | 1 | 0 | 0 | 316 | 316 | 349 | 484 | 569 | 579 | 578 | |
| Trade Payables | 85 | 202 | 179 | 208 | 204 | 275 | 305 | 329 | 334 | 266 | |
| Others Liabilities ⓘ | 59 | 366 | 382 | 655 | 742 | 938 | 661 | 786 | 812 | 792 | |
| Total Liabilities ⓘ | 551 | 1,658 | 1,975 | 3,187 | 3,162 | 3,588 | 4,173 | 5,118 | 5,512 | 5,455 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 262 | 1,052 | 1,001 | 2,018 | 1,873 | 1,757 | 1,659 | 1,882 | 2,126 | 2,182 | |
| CWIP ⓘ | 6 | 3 | 37 | 57 | 34 | 22 | 55 | 210 | 172 | 290 | |
| Investments ⓘ | 43 | 1 | 223 | 45 | 220 | 472 | 1,310 | 1,730 | 1,604 | 1,492 | |
| Inventories | 145 | 343 | 428 | 548 | 412 | 396 | 492 | 682 | 871 | 807 | |
| Trade Receivables | 43 | 119 | 163 | 142 | 204 | 242 | 332 | 257 | 350 | 387 | |
| Cash Equivalents | 7 | 10 | 10 | 175 | 91 | 60 | 75 | 43 | 33 | 38 | |
| Others Assets ⓘ | 45 | 130 | 112 | 203 | 328 | 639 | 249 | 314 | 357 | 259 | |
| Total Assets ⓘ | 551 | 1,658 | 1,975 | 3,187 | 3,162 | 3,588 | 4,173 | 5,118 | 5,512 | 5,455 | |
| PARTICULARS | Mar'05 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | -5 | 326 | 394 | 649 | 338 | 591 | 1,238 | 764 | 99 | 400 |
| Cash Flow From Investing Activity ⓘ + | -14 | -139 | -382 | -881 | -166 | -291 | -894 | -714 | -172 | -188 |
| Cash Flow From Financing Activity ⓘ + | 21 | -194 | -12 | 218 | -167 | -295 | -334 | -61 | 72 | -206 |
| Net Cash Flow ⓘ | 1 | -6 | -1 | -14 | 5 | 5 | 10 | -11 | -0 | 7 |
| PARTICULARS | Mar'05 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 19.08 | 44.61 | 30.57 | 32.7 | -0.32 | 22.54 | 51.02 | 27.03 | 9.98 | 4.39 |
| ROCE (%) | 12.17 | 33.75 | 26.98 | 26.09 | 2.09 | 23.03 | 61.5 | 34.27 | 12.98 | 7.11 |
| Asset Turnover Ratio | 1.1 | 1.57 | 1.09 | 0.97 | 0.71 | 1 | 1.27 | 0.96 | 0.76 | 0.78 |
| PAT to CFO Conversion(x) | -0.17 | 1.46 | 1.33 | 1.6 | N/A | 1.71 | 1.14 | 0.97 | 0.29 | 2.56 |
| Working Capital Days | ||||||||||
| Receivable Days | 27.60 | 17 | 26 | 22.40 | 28.10 | 24.10 | 21.30 | 24.20 | 27.30 | 31.50 |
| Inventory Days | 77.40 | 51.30 | 71.10 | 71.50 | 78.10 | 43.60 | 32.90 | 48.20 | 69.70 | 71.60 |
| Payable Days | 166.90 | 80.20 | 105.30 | 89.40 | 92.90 | 80 | 80.50 | 77.70 | 68.70 | 53.90 |
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West Coast Paper Mills Ltd FAQs
The current trading price of West Coast PaperMill on 11-Sep-2026 16:59 is ₹713.1.
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 10-Sep-2026 the market cap of West Coast PaperMill stood at ₹4,710 Cr
The latest P/E ratio of West Coast PaperMill as of 10-Sep-2026 is 21.30.
The latest P/B ratio of West Coast PaperMill as of 10-Sep-2026 is 1.61.
The 52-week high of West Coast PaperMill is ₹721.9 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 ₹2,581 ( 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 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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