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Indian Wood Products

The Indian Wood Products Company Ltd

IWP NSE
₹34.18 +0.52 (+1.54%)
P/E
36.75
View as Markdown
MCP
Close 4 Nov 2026 ₹34.18 −5.37 −13.6% 1Y
Start ₹39.55

Key Fundamentals

MicrocapPaper, Forest & Jute ProductsForest Materials

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
3.00%
Debt to Equity
0.19
EPS (TTM)
₹0.93
Book Value
₹56.79
Market Cap
—
P/E (TTM)
36.75
P/B
0.60
ROE
1.26%
Dividend Yield
0.59%
EBITDA
₹15.90 Cr
52W High
₹42.40
52W Low
₹27.00
Day Range
₹33.51 – ₹34.40
Volume
2,831

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

53 Average

Data confidence 100/100

Category scores

Quality
62
Good
Returns, margins, earnings quality 22% weight
Valuation
46
Average
Cheap vs sector & own history 24% weight
Growth
49
Average
Sales & profit trajectory 9% weight
Financial Health
43
Weak
Solvency, leverage, coverage 9% weight
Momentum
59
Good
Trend strength, vol-adjusted 12% weight
Ownership
49
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Stock is trading at 0.65 times its book value
  • Company has been maintaining a healthy dividend payout of 21.2%

Weaknesses

2
  • The company has delivered a poor sales growth of 7.74% over past five years.
  • Company has a low return on equity of 1.25% over last 3 years.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1171
OscillatorsBearish270
Moving AveragesStrong Bearish901

Key readings

RSI (14)
46.37
Neutral
MACD (12,26,9)
−0.45
Bearish
SMA (50)
35.11
Bearish
SMA (200)
33.99
Bullish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+6.76%
5Y+7.84%
3Y+7.96%
1Y+1.33%
TTM+9.68%

Net profit

Net profit growth by window
10Y+2.26%
5Y+20.11%
3Y+35.72%
1Y0.00%
TTM+13.87%

Operating cash flow

Operating cash flow growth by window
10Y+19.62%
5Y+5.92%
3Y+25.99%
1Y+71.43%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−0.17 pp
5Y−0.46 pp
3Y+1.06 pp
1Y−0.53 pp
TTM−1.01 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹180 Cr
Mar 2018₹216 Cr
Mar 2019₹200 Cr
Mar 2020₹195 Cr
Mar 2021₹157 Cr
Mar 2022₹178 Cr
Mar 2023₹182 Cr
Mar 2024₹192 Cr
Mar 2025₹226 Cr
Mar 2026₹229 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹11.00 Cr
Mar 2018₹16.00 Cr
Mar 2019₹17.00 Cr
Mar 2020₹7.00 Cr
Mar 2021₹2.00 Cr
Mar 2022−₹1.00 Cr
Mar 2023₹2.00 Cr
Mar 2024₹4.00 Cr
Mar 2025₹5.00 Cr
Mar 2026₹5.00 Cr

Quarterly Results

₹ Cr
540954 quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
50.24
48.42
44.5
48.58
56.34
60.02
55
54.45
51.43
55.28
53.32
68.5
65.19
Expenses
46.57
45.35
41.17
44.45
52.01
56.15
51.12
50.77
47.48
51.35
49.36
65.81
61.36
Operating Profit
3.67
3.07
3.33
4.13
4.33
3.87
3.88
3.68
3.95
3.93
3.96
2.69
3.83
OPM %
7.3%
6.34%
7.48%
8.5%
7.69%
6.45%
7.05%
6.76%
7.68%
7.11%
7.43%
3.93%
5.88%
Other Income
0.4
0.54
0.26
0.55
0.28
0.89
0.46
0.53
0.43
1.38
0.06
0.48
1.44
Interest
2.05
2.12
2.03
2.22
2.31
1.9
1.84
1.86
1.91
1.7
1.51
1.44
1.28
Depreciation
0.77
0.77
0.77
0.89
0.8
0.8
0.95
0.78
1.06
1.06
1.06
0.67
0.95
PBT
1.25
0.72
0.79
1.57
1.5
2.06
1.55
1.57
1.41
2.55
1.45
1.06
3.04
Tax %
19.2%
11.11%
21.52%
10.83%
16%
4.85%
20.65%
45.86%
17.73%
10.2%
30.34%
88.68%
17.43%
Net Profit
1
0.64
0.62
1.4
1.26
1.96
1.23
0.85
1.15
2.28
1
0.12
2.51
EPS (₹)
0.16
0.1
0.1
0.22
0.2
0.31
0.19
0.13
0.18
0.36
0.16
0.02
0.39

Profit & Loss

₹ Cr
540954 profit and loss, annual, ₹ crore
Particulars Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
119
180
216
200
195
157
178
182
192
226
229
242
Expenses
111
156
185
169
175
147
169
172
177
210
213
228
Operating Profit
8
23
31
32
20
11
9
10
14
16
15
14
OPM %
7%
13%
14%
16%
10%
7%
5%
6%
7%
7%
7%
6%
Other Income
0
0
3
1
0
2
1
2
2
2
2
3
Interest
2
3
6
5
7
7
7
7
8
8
7
6
Depreciation
1
2
3
3
4
4
4
3
3
3
4
4
PBT
5
18
25
25
10
2
−1
2
4
7
6
8
Tax %
24%
37%
37%
32%
29%
8%
−19%
19%
15%
21%
30%
—
Net Profit
4
11
16
17
7
2
−1
2
4
5
5
6
EPS (₹)
2.3
1.79
2.48
2.65
1.08
0.33
−0.09
0.29
0.57
0.83
0.71
0.93
Div. Payout %
5%
3%
5%
8%
0%
31%
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
17%
17%
18%
28%
—

Balance Sheet

₹ Cr
540954 balance sheet, annual, ₹ crore
Particulars Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
2
6
6
13
13
13
13
13
13
13
13
Reserves
22
309
325
333
338
339
338
340
342
347
350
Borrowings
18
46
41
57
72
70
77
79
78
80
68
Other Liabilities
18
120
119
95
101
105
108
98
100
102
97
Total Liabilities
60
482
490
497
523
527
536
530
533
541
528
Fixed Assets
13
374
379
382
386
390
387
385
382
385
386
CWIP
0
1
2
2
10
0
0
0
0
0
0
Investments
0
3
6
5
5
7
7
8
9
10
11
Other Assets
46
104
104
108
122
129
141
137
142
147
131
Total Assets
60
482
490
497
523
527
536
530
533
541
528

Cash Flow

₹ Cr
540954 cash flow, annual, ₹ crore
Particulars Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
4
−14
27
−6
−6
18
3
12
10
14
24
Investing
−4
−12
−11
−7
−5
−4
−3
−3
−2
−5
−5
Financing
0
25
−11
10
6
−13
0
−5
−10
−8
−20
Net Cash Flow
0
−1
5
−2
−5
1
−1
4
−2
1
−1
Free Cash Flow
0
−23
18
−12
−11
16
0
9
9
11
19
CFO/OP
64
−51
114
15
2
162
38
116
78
98
166

Ratios

540954 financial ratios, annual
Particulars Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
54
82
62
68
95
99
104
88
95
78
74
Inventory Days
98
163
146
157
159
234
197
200
212
177
123
Days Payable
70
118
94
27
43
70
62
48
44
42
37
Cash Conversion Cycle
81
127
114
198
212
263
239
241
262
214
160
Working Capital Days
33
37
30
49
55
84
84
73
78
64
68
ROCE %
—
11%
8%
8%
4%
2%
1%
2%
3%
3%
3%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Indian Wood Products insights

65 extracted metrics across FY10–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 71.12%
  • Public 20.97%
  • Others 7.59%
  • DIIs 0.32%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

Frequently Asked Questions about Indian Wood Products

What does The Indian Wood Products Company Ltd do?
The Indian Wood Products Company Limited (IWP), incorporated in 1919, manufactures Katha and its by-product Cutch. The wider group also processes Gambier into catechins and trades spices through a 50% Singapore joint venture and its Indonesian subsidiaries.
Where is The Indian Wood Products Company Ltd (IWP) listed?
The Indian Wood Products Company Ltd trades as IWP on the NSE and under code 540954 on the BSE.
Which sector does The Indian Wood Products Company Ltd belong to?
The Indian Wood Products Company Ltd is classified under the Forest Materials sector, in the Forest Products industry.
What is the PE ratio of The Indian Wood Products Company Ltd?
The Indian Wood Products Company Ltd trades at a PE ratio of 36.75 as of 4 Nov 2026, on earnings per share of ₹0.93, against a book value of ₹56.79 per share.
What is the 52-week high and low of The Indian Wood Products Company Ltd?
Over the last 52 weeks The Indian Wood Products Company Ltd has traded between ₹27 and ₹42.4 as of 4 Nov 2026.
Does The Indian Wood Products Company Ltd pay dividends?
The Indian Wood Products Company Ltd has a dividend yield of 0.59%.
What is the Return on Equity (ROE) of The Indian Wood Products Company Ltd?
The Indian Wood Products Company Ltd reported a return on equity of 1.26%. Its debt-to-equity ratio is 0.19.

Company Information

The Indian Wood Products Company Limited (IWP), incorporated in 1919, manufactures Katha and its by-product Cutch. The wider group also processes Gambier into catechins and trades spices through a 50% Singapore joint venture and its Indonesian subsidiaries.

Website iwpkatha.com
CEO Mr. Bharat Mohta
Employees 307
Listed 21 Feb 2018
Face Value ₹2

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