Western India Ply
Consumer Goods
Western India Plywoods Ltd
WIPL NSE
₹155.70 −0.63 (−0.40%)
- P/E
- Not meaningful: loss-making over the last twelve months
Close 4 Nov 2026 ₹155.70 −16.21 −9.43% 1Y
Start ₹171.91
Key Fundamentals
MicrocapConsumer DurablesConsumer DiscretionaryPrice-based figures as of · EPS basis: Consolidated · TTM
- ROCE
- 4.04%
- Debt to Equity
- 0.20
- EPS (TTM)
- −₹0.22
- Book Value
- ₹52.72
- Market Cap
- —
- P/E (TTM)
- Not meaningful: loss-making over the last twelve months
- P/B
- 2.95
- ROE
- 1.00%
- Dividend Yield
- 0.64%
- EBITDA
- ₹3.56 Cr
- 52W High
- ₹179.89
- 52W Low
- ₹133.10
- Day Range
- ₹153.21 – ₹158.40
- Volume
- 6,995
Peer Comparison
Consumer Discretionary › Consumer Goods › Plywood Boards & Laminates › Plywood Boards/ Laminates
| ₹657.70 | 50.24 | ₹14,747 Cr | 5.60 | 0.15% | 10.80% | 11.50% | ₹5,789 Cr | ₹298 Cr | |
| ₹215.00 | 58.90 | ₹5,446 Cr | 4.65 | 0.19% | 5.02% | 8.12% | ₹3,169 Cr | ₹93 Cr | |
| ₹2,924.50 | 29.26 | ₹4,987 Cr | 5.52 | 0.09% | 19.90% | 26.60% | ₹1,173 Cr | ₹169 Cr | |
| ₹260.25 | 32.98 | ₹3,295 Cr | 3.36 | 0.19% | 11.80% | 14.30% | ₹2,863 Cr | ₹99 Cr | |
| ₹187.21 | 22.18 | ₹1,754 Cr | 6.17 | 0.12% | 29.30% | 36.90% | ₹374 Cr | ₹89 Cr | |
| ₹135.32 | 246.04 | ₹1,688 Cr | 1.23 | 0.38% | −2.13% | −0.40% | ₹1,561 Cr | ₹7 Cr | |
| ₹17.97 | 23.34 | ₹511 Cr | 0.83 | 0.32% | 1.04% | 4.50% | ₹912 Cr | ₹22 Cr | |
| Western India Ply (this company) | ₹155.70 | — | ₹131 Cr | 2.95 | 0.64% | 1.00% | 4.04% | ₹116 Cr | ₹0 Cr |
| Median 8 companies | ₹201.11 | 32.98 | ₹2,524 Cr | 4.01 | 0.19% | 7.91% | 9.81% | ₹1,367 Cr | ₹91 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
48 Average
Data confidence 93/100
Category scores
- Quality
- 54
- Average
- Returns, margins, earnings quality 22% weight
- Valuation
- 34
- Poor
- Cheap vs sector & own history 24% weight
- Growth
- 40
- Weak
- Sales & profit trajectory 9% weight
- Financial Health
- 61
- Good
- Solvency, leverage, coverage 9% weight
- Momentum
- 62
- Good
- Trend strength, vol-adjusted 12% weight
- Ownership
- 41
- Weak
- 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
3- Company has reduced debt.
- Company has been maintaining a healthy dividend payout of 85.1%
- Promoter holding has increased by 0.82% over last quarter.
Weaknesses
8- Stock is trading at 3.04 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 6.93% over past five years.
- Promoter holding is low: 37.9%
- Company has a low return on equity of 5.04% over last 3 years.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.1.27 Cr.
- Promoter holding has decreased over last 3 years: -3.13%
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bearish | 12 | 7 | 0 |
| Oscillators | Bearish | 2 | 7 | 0 |
| Moving Averages | Strong Bearish | 10 | 0 | 0 |
Oscillators
Bearish
Bearish
2
Neutral
7
Bullish
0
Overall
Strong Bearish
Bearish
12
Neutral
7
Bullish
0
Moving Averages
Strong Bearish
Bearish
10
Neutral
0
Bullish
0
Key readings
- RSI (14)
- 42.48
- Neutral
- MACD (12,26,9)
- −1.32
- Bearish
- SMA (50)
- 163.34
- Bearish
- SMA (200)
- 158.24
- Bearish
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
| 10Y | +2.95% |
|---|---|
| 5Y | +6.96% |
| 3Y | +3.29% |
| 1Y | +2.59% |
| TTM | −3.07% |
Net profit
| 10Y | −100.00% |
|---|---|
| 5Y | Loss narrowed by ₹1 Cr |
| 3Y | −100.00% |
| 1Y | −100.00% |
| TTM | Turned to loss |
Operating cash flow
| 10Y | −5.25% |
|---|---|
| 5Y | −6.89% |
| 3Y | −22.43% |
| 1Y | +250.00% |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | −6.75 pp |
|---|---|
| 5Y | −1.35 pp |
| 3Y | −3.12 pp |
| 1Y | −2.67 pp |
| TTM | −3.74 pp |
Revenue by year
| Mar 2017 | ₹86.00 Cr |
|---|---|
| Mar 2018 | ₹92.00 Cr |
| Mar 2019 | ₹101 Cr |
| Mar 2020 | ₹97.00 Cr |
| Mar 2021 | ₹85.00 Cr |
| Mar 2022 | ₹100 Cr |
| Mar 2023 | ₹108 Cr |
| Mar 2024 | ₹109 Cr |
| Mar 2025 | ₹116 Cr |
| Mar 2026 | ₹119 Cr |
Net profit by year
| Mar 2017 | ₹0.00 Cr |
|---|---|
| Mar 2018 | ₹1.00 Cr |
| Mar 2019 | ₹1.00 Cr |
| Mar 2020 | ₹1.00 Cr |
| Mar 2021 | −₹1.00 Cr |
| Mar 2022 | ₹0.00 Cr |
| Mar 2023 | ₹3.00 Cr |
| Mar 2024 | ₹3.00 Cr |
| Mar 2025 | ₹3.00 Cr |
| Mar 2026 | ₹0.00 Cr |
Quarterly Results
₹ Cr| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 23.64 | 28.31 | 31.79 | 25.3 | 24.99 | 31.09 | 30.88 | 29.06 | 29.01 | 29.92 | 31.45 | 28.5 | 26.49 |
| Expenses | 22.52 | 26.3 | 28.43 | 24.79 | 24.2 | 29.13 | 29.05 | 27.09 | 27.85 | 29.1 | 29.47 | 28.89 | 26.55 |
| Operating Profit | 1.12 | 2.01 | 3.36 | 0.51 | 0.79 | 1.96 | 1.83 | 1.97 | 1.16 | 0.82 | 1.98 | −0.39 | −0.06 |
| OPM % | 4.74% | 7.1% | 10.57% | 2.02% | 3.16% | 6.3% | 5.93% | 6.78% | 4% | 2.74% | 6.3% | −1.37% | −0.23% |
| Other Income | 0.12 | 0.23 | 0.06 | 0.14 | 0.14 | 0.13 | 0.28 | 0.1 | 0.1 | 0.28 | 0.06 | 0.41 | 0.52 |
| Interest | 0.26 | 0.34 | 0.31 | 0.27 | 0.26 | 0.19 | 0.3 | 0.42 | 0.21 | 0.18 | 0.21 | 0.31 | 0.15 |
| Depreciation | 0.33 | 0.35 | 0.37 | 0.39 | 0.41 | 0.48 | 0.5 | 0.49 | 0.52 | 0.52 | 0.53 | 0.48 | 0.51 |
| PBT | 0.65 | 1.55 | 2.74 | −0.01 | 0.26 | 1.42 | 1.31 | 1.16 | 0.53 | 0.4 | 1.3 | −0.77 | −0.2 |
| Tax % | 32.31% | 28.39% | 29.93% | 800% | 42.31% | 29.58% | 32.82% | 33.62% | 35.85% | 52.5% | 36.15% | 18.18% | 50% |
| Net Profit | 0.44 | 1.11 | 1.92 | −0.09 | 0.15 | 1 | 0.88 | 0.77 | 0.34 | 0.19 | 0.83 | −0.91 | −0.3 |
| EPS (₹) | 0.61 | 1.31 | 2.26 | −0.11 | 0.18 | 1.18 | 1.04 | 0.91 | 0.4 | 0.22 | 0.98 | −1.07 | −0.35 |
Profit & Loss
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 96 | 89 | 86 | 92 | 101 | 97 | 85 | 100 | 108 | 109 | 116 | 119 | 116 |
| Expenses | 86 | 80 | 82 | 90 | 94 | 91 | 81 | 95 | 100 | 102 | 109 | 115 | 114 |
| Operating Profit | 11 | 9 | 3 | 2 | 7 | 6 | 4 | 4 | 7 | 7 | 7 | 4 | 2 |
| OPM % | 11% | 10% | 3.8% | 2.2% | 7% | 6% | 4.3% | 4.3% | 7% | 7% | 6% | 3% | 2% |
| Other Income | 0 | 0 | 4 | 4 | 1 | 1 | 0 | 0 | 1 | 1 | 1 | 1 | 1 |
| Interest | 4 | 3 | 4 | 4 | 3 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 2 | 2 | 1 | 2 | 2 | 2 |
| PBT | 5 | 3 | 1 | 0 | 2 | 2 | 0 | 1 | 5 | 5 | 4 | 1 | 1 |
| Tax % | 33% | 28% | 91% | −8600% | 46% | 34% | 71% | 73% | 31% | 31% | 32% | 69% | — |
| Net Profit | 3 | 2 | 0 | 1 | 1 | 1 | −1 | 0 | 3 | 3 | 3 | 0 | 0 |
| EPS (₹) | 3.84 | 2.47 | 0.29 | 1.04 | 1.45 | 1.47 | −0.31 | 0.57 | 4.31 | 3.98 | 3.3 | 0.53 | −0.22 |
| Div. Payout % | 18% | 28% | 0% | 0% | 62% | 0% | 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. | 142% | 0% | 30% | 36% | 189% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
| Reserves | 27 | 28 | 29 | 29 | 31 | 31 | 31 | 30 | 33 | 35 | 37 | 36 |
| Borrowings | 33 | 34 | 31 | 31 | 27 | 22 | 17 | 18 | 17 | 19 | 18 | 9 |
| Other Liabilities | 22 | 17 | 22 | 15 | 15 | 13 | 13 | 10 | 11 | 13 | 16 | 17 |
| Total Liabilities | 91 | 88 | 90 | 84 | 81 | 74 | 68 | 66 | 70 | 76 | 80 | 71 |
| Fixed Assets | 24 | 23 | 24 | 23 | 23 | 21 | 21 | 20 | 20 | 23 | 27 | 26 |
| CWIP | 0 | 3 | 1 | 1 | 0 | 0 | 0 | 1 | 3 | 4 | 0 | 1 |
| Investments | 0 | 0 | 0 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 |
| Other Assets | 67 | 62 | 65 | 59 | 58 | 52 | 46 | 45 | 46 | 48 | 52 | 44 |
| Total Assets | 91 | 88 | 90 | 84 | 81 | 74 | 68 | 66 | 70 | 76 | 80 | 71 |
Cash Flow
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 8 | 12 | 5 | 4 | 7 | 7 | 10 | 2 | 15 | 3 | 2 | 7 |
| Investing | 0 | −4 | −1 | 2 | 0 | 0 | −2 | −1 | −3 | −5 | −2 | −2 |
| Financing | −7 | −7 | −4 | −5 | −7 | −8 | −7 | −1 | −2 | 0 | −3 | −11 |
| Net Cash Flow | 0 | 1 | 0 | 0 | 0 | −2 | 1 | 0 | 10 | −3 | −2 | −6 |
| Free Cash Flow | 7 | 8 | 4 | 3 | 6 | 5 | 8 | 1 | 12 | −3 | 0 | 5 |
| CFO/OP | 85 | 145 | 194 | 209 | 108 | 132 | 270 | 63 | 212 | 65 | 35 | 229 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 67 | 60 | 62 | 55 | 59 | 64 | 72 | 71 | 45 | 59 | 66 | 56 |
| Inventory Days | 372 | 373 | 387 | 295 | 253 | 254 | 204 | 150 | 123 | 117 | 145 | 125 |
| Days Payable | 64 | 63 | 70 | 50 | 48 | 49 | 56 | 37 | 27 | 40 | 51 | 55 |
| Cash Conversion Cycle | 375 | 369 | 379 | 300 | 264 | 269 | 220 | 185 | 141 | 136 | 161 | 126 |
| Working Capital Days | 70 | 71 | 58 | 102 | 100 | 114 | 120 | 99 | 53 | 54 | 56 | 59 |
| ROCE % | 12% | 10% | 3% | 4% | 7% | 6% | 2% | 4% | 11% | 10% | 9% | 4% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Western India Ply insights
60 extracted metrics across FY15–FY27.
Documents
- 12 Aug 2026
- 25 May 2026
- 5 Feb 2026
- 13 Nov 2025
- 5 Oct 2026
- 23 Sep 2025
- 26 Sep 2024
- 3 Oct 2023
- 26 Sep 2022
Frequently Asked Questions about Western India Ply
What does Western India Plywoods Ltd do?
Incorporated in 1945, Western India Plywoods Ltd is a manufacturer of Wood based products including Hardboard, Plywood, and Compreg
Where is Western India Plywoods Ltd (WIPL) listed?
Western India Plywoods Ltd trades as WIPL on the NSE.
Which sector does Western India Plywoods Ltd belong to?
Western India Plywoods Ltd is classified under the Consumer Goods sector, in the Plywood Boards & Laminates industry.
What is the 52-week high and low of Western India Plywoods Ltd?
Over the last 52 weeks Western India Plywoods Ltd has traded between ₹133.1 and ₹179.89 as of 4 Nov 2026.
Does Western India Plywoods Ltd pay dividends?
Western India Plywoods Ltd has a dividend yield of 0.64%.
What is the Return on Equity (ROE) of Western India Plywoods Ltd?
Western India Plywoods Ltd reported a return on equity of 1.00%. Its debt-to-equity ratio is 0.20.
Company Information
Incorporated in 1945, Western India Plywoods Ltd is a manufacturer of Wood based products including Hardboard, Plywood, and Compreg
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