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West Coast Paper Mills

WSTCSTPAPR NSE
₹829.70 +28.15 (+3.51%)
P/E
23.86
View as Markdown
MCP
Close 4 Nov 2026 ₹829.70 +379.40 +84.3% 1Y
Start ₹450.30

Key Fundamentals

MicrocapPaper, Forest & Jute ProductsForest Materials

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

ROCE
6.17%
Debt to Equity
0.10
EPS (TTM)
₹34.78
Book Value
₹545.80
Market Cap
—
P/E (TTM)
23.86
P/B
1.52
ROE
4.25%
Dividend Yield
0.37%
EBITDA
₹527 Cr
52W High
₹978.05
52W Low
₹375.00
Day Range
₹791.95 – ₹836.00
Volume
1,69,531

Peer Comparison

Commodities › Forest Materials › Paper & Paper Products

West Coast Paper Mills peer comparison
JK Paper
₹368.3020.58₹6,706 Cr1.181.09%4.77%7.39%₹7,319 Cr₹328 Cr
West Coast Paper Mills (this company)
₹829.7023.86₹5,327 Cr1.520.37%4.25%6.17%₹4,375 Cr₹238 Cr
Seshasayee Paper & Boards
₹217.9913.88₹1,302 Cr0.650.97%4.10%5.60%₹1,817 Cr₹99 Cr
Andhra Paper
₹64.1146.12₹1,267 Cr0.650.79%−1.66%0.04%₹1,702 Cr₹28 Cr
N R Agarwal Industries
₹669.4018.33₹1,174 Cr1.400.28%6.04%8.49%₹2,340 Cr₹62 Cr
Tamil Nadu Newsprint & Papers
₹139.903.71₹929 Cr0.422.97%11.20%6.41%₹4,649 Cr₹261 Cr
Pudumjee Paper Products
₹87.649.14₹830 Cr1.150.69%12.80%18.10%₹814 Cr₹92 Cr
Median 7 companies₹217.9918.33₹1,267 Cr1.150.79%4.77%6.41%₹2,340 Cr₹99 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

69 Strong

Data confidence 100/100

Category scores

Quality
65
Good
Returns, margins, earnings quality 22% weight
Valuation
61
Good
Cheap vs sector & own history 24% weight
Growth
34
Poor
Sales & profit trajectory 9% weight
Financial Health
57
Good
Solvency, leverage, coverage 9% weight
Momentum
98
Strong
Trend strength, vol-adjusted 12% weight
Ownership
91
Strong
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

1
  • Company has reduced debt.

Weaknesses

2
  • Company has a low return on equity of 11.8% over last 3 years.
  • Dividend payout has been low at 10.5% of profits over last 3 years

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish2611
OscillatorsBearish261
Moving AveragesStrong Bullish0010

Key readings

RSI (14)
55.75
Neutral
MACD (12,26,9)
22.42
Bearish
SMA (50)
738.40
Bullish
SMA (200)
546.93
Bullish

As of

Growth Rate

From the financial statements below. 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
5Y+13.77%
3Y−4.55%
1Y+5.34%
TTM+7.84%

Net profit

Net profit growth by window
5YTurned to profit
3Y−47.64%
1Y−53.57%
TTM−13.14%

Operating cash flow

Operating cash flow growth by window
5Y+3.43%
3Y−31.38%
1Y+304.04%
TTM—

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

Operating margin· change in pp

Operating margin growth by window
5Y−1.95 pp
3Y−23.79 pp
1Y−2.48 pp
TTM+1.29 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2018₹1,710 Cr
Mar 2019₹1,979 Cr
Mar 2020₹2,493 Cr
Mar 2021₹2,245 Cr
Mar 2022₹3,378 Cr
Mar 2023₹4,921 Cr
Mar 2024₹4,448 Cr
Mar 2025₹4,062 Cr
Mar 2026₹4,279 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2018₹223 Cr
Mar 2019₹296 Cr
Mar 2020₹406 Cr
Mar 2021−₹4.00 Cr
Mar 2022₹346 Cr
Mar 2023₹1,087 Cr
Mar 2024₹786 Cr
Mar 2025₹336 Cr
Mar 2026₹156 Cr

AI Analysis — Bull vs Bear

Generated 6 Jul 2026
AI opinion · based on fundamentals
Risk high

West Coast Paper Mills Ltd trades at a market cap of ₹3,490 Cr with a P/E of 22.4x and P/B of 0.97x. The company has delivered strong 5-year profit CAGR of 115% but faces a sharp TTM profit decline of -53%, with ROE falling from 18% (5-year average) to 4% in the last year.

Bull Case 7
  • Stock trades below book value at 0.97x P/B, suggesting asset-heavy balance sheet provides a valuation floor
  • Company has reduced debt, improving financial flexibility and lowering interest burden
  • 5-year compounded profit growth of 115% demonstrates long-term earnings power through cycles
  • 5-year compounded sales growth of 14% shows sustained revenue expansion over a meaningful period
  • 10-year stock CAGR of 20% indicates significant long-term wealth creation for shareholders
  • TTM sales growth of 5% suggests revenue stabilization after a 3-year CAGR decline of -5%
  • Dividend yield of 0.94% provides some income support while the company navigates a cyclical downturn
Bear Case 8
  • TTM compounded profit has declined -53%, indicating severe margin compression in the current cycle
  • 3-year compounded profit CAGR of -46% shows a sustained and deep earnings deterioration, not a one-off
  • Working capital days have nearly doubled from 73.8 days to 151 days, signalling significant cash flow strain and potential inventory buildup
  • ROE has collapsed from 18% (5-year average) to just 4% in the last year, reflecting poor capital efficiency
  • 3-year ROE of 12% and last-year ROE of 4% are well below cost of equity for a cyclical commodity business
  • Dividend payout ratio of only 10.5% of profits over the last 3 years limits shareholder returns during the downturn
  • 3-year sales CAGR of -5% indicates revenue contraction, likely due to commodity price weakness in the paper cycle
  • 1-year stock return of -6% reflects market's recognition of deteriorating fundamentals

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

121d ago

TL;DR: Limited recent news flow for West Coast Paper Mills. The company has announced administrative details for its upcoming AGM and dividend, signaling routine corporate governance activity. No material headwinds or catalysts are visible from current coverage. Watch for dividend quantum announcement and quarterly results for directional cues.

Neutral 1
  • Record date set for dividend Jun 17

    West Coast Paper Mills fixed August 10, 2026 as the record date for its AGM and dividend. Book closure period runs August 11–17, 2026.

Quarterly Results

₹ Cr
WSTCSTPAPR quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,139
1,194
1,045
1,070
960
1,045
1,016
1,041
955
1,043
1,036
1,245
1,051
Expenses
744
884
828
900
785
903
933
961
844
975
959
1,088
848
Operating Profit
395
310
218
170
176
142
83
81
110
68
77
157
203
OPM %
35%
26%
21%
16%
18%
14%
8%
8%
12%
7%
7%
13%
19%
Other Income
35
35
41
59
42
54
69
45
45
23
45
3
45
Interest
7
6
6
6
7
8
10
13
11
10
11
10
8
Depreciation
44
46
46
49
47
53
53
57
58
62
63
65
59
PBT
379
294
207
174
163
135
89
56
86
19
47
85
181
Tax %
27%
26%
23%
25%
26%
26%
24%
18%
30%
37%
37%
36%
22%
Net Profit
278
219
159
130
122
101
67
46
60
12
30
54
142
EPS (₹)
37.17
28.88
20.58
18.14
17.24
13.49
9.72
6.66
8.23
2.65
4.07
7.85
20.21

Profit & Loss

₹ Cr
WSTCSTPAPR profit and loss, annual, ₹ crore
Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
1,710
1,979
2,493
2,245
3,378
4,921
4,448
4,062
4,279
4,375
Expenses
1,348
1,468
1,875
1,983
2,740
3,274
3,353
3,568
3,865
3,870
Operating Profit
362
511
618
261
638
1,647
1,095
494
414
505
OPM %
21%
26%
25%
12%
19%
33%
25%
12%
10%
12%
Other Income
18
20
52
12
54
58
167
198
114
115
Interest
42
29
75
70
59
37
24
38
42
38
Depreciation
116
176
198
229
213
189
185
210
248
250
PBT
222
326
397
−26
420
1,478
1,053
444
237
332
Tax %
0%
9%
−2%
−83%
18%
26%
25%
24%
34%
—
Net Profit
223
296
406
−4
346
1,087
786
336
156
237
EPS (₹)
33.79
44.82
56.08
−0.47
46.49
143
105
47.11
22.8
34.78
Div. Payout %
12%
11%
9%
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.
13%
7%
8%
11%
13%
—

Balance Sheet

₹ Cr
WSTCSTPAPR balance sheet, annual, ₹ crore
Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
13
13
13
13
13
13
13
13
13
Reserves
826
1,090
1,375
1,376
1,673
2,568
3,228
3,478
3,595
Borrowings
315
361
753
662
478
231
276
456
345
Other Liabilities
436
455
1,043
1,018
1,094
1,361
1,600
1,565
1,502
Total Liabilities
1,590
1,920
3,184
3,069
3,259
4,173
5,118
5,512
5,455
Fixed Assets
1,035
991
2,018
1,873
1,757
1,659
1,882
2,126
2,182
CWIP
3
37
57
34
22
55
210
172
290
Investments
1
223
45
220
472
1,310
1,730
1,604
1,492
Other Assets
551
669
1,065
942
1,008
1,149
1,296
1,610
1,491
Total Assets
1,590
1,920
3,184
3,069
3,259
4,173
5,118
5,512
5,455

Cash Flow

₹ Cr
WSTCSTPAPR cash flow, annual, ₹ crore
Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
326
394
649
338
591
1,238
764
99
400
Investing
−139
−382
−858
−166
−289
−894
−714
−172
−188
Financing
−194
−12
218
−167
−295
−334
−61
72
−206
Net Cash Flow
−6
−1
9
5
7
10
−11
0
7
Free Cash Flow
180
225
536
265
528
1,077
240
−350
19
CFO/OP
104
89
113
129
108
95
93
38
108

Ratios

WSTCSTPAPR financial ratios, annual
Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
25
30
21
33
26
25
21
31
33
Inventory Days
137
159
167
128
85
88
117
136
113
Days Payable
81
67
63
64
59
54
56
52
37
Cash Conversion Cycle
82
123
124
98
52
58
81
115
109
Working Capital Days
24
18
18
7
11
13
21
50
52
ROCE %
—
27%
24%
2%
20%
53%
29%
11%
6%

Insights

Beta

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

Log in to view West Coast Paper Mills insights

63 extracted metrics across FY06–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 56.96%
  • Public 20.11%
  • DIIs 14.61%
  • Others 5.66%
  • FIIs 2.66%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

  • Q3 FY25 concall · Feb 2025
    PPT
  • Concall · Nov 2024
    PPT
  • Q1 FY25 concall · Aug 2024
    PPT
  • Concall · Jun 2024
    PPT
  • Q3 FY24 concall · Feb 2024
    PPT

Frequently Asked Questions about West Coast Paper Mills

What does West Coast Paper Mills Ltd do?
West Coast Paper Mills Ltd 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.
Where is West Coast Paper Mills Ltd (WSTCSTPAPR) listed?
West Coast Paper Mills Ltd trades as WSTCSTPAPR on the NSE and under code 500444 on the BSE.
Which sector does West Coast Paper Mills Ltd belong to?
West Coast Paper Mills Ltd is classified under the Forest Materials sector, in the Paper & Paper Products industry.
What is the PE ratio of West Coast Paper Mills Ltd?
West Coast Paper Mills Ltd trades at a PE ratio of 23.86 as of 4 Nov 2026, on earnings per share of ₹34.78, against a book value of ₹545.8 per share.
What is the 52-week high and low of West Coast Paper Mills Ltd?
Over the last 52 weeks West Coast Paper Mills Ltd has traded between ₹375 and ₹978.05 as of 4 Nov 2026.
Does West Coast Paper Mills Ltd pay dividends?
West Coast Paper Mills Ltd has a dividend yield of 0.37%.
What is the Return on Equity (ROE) of West Coast Paper Mills Ltd?
West Coast Paper Mills Ltd reported a return on equity of 4.25%. Its debt-to-equity ratio is 0.10.

Company Information

West Coast Paper Mills Ltd 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.

Website westcoastpaper.com
CEO Mr. Shree Kumar Bangur
Employees 2,463
Listed 17 Jan 2001
Face Value ₹2

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