The Western India Plywoods Limited
NSE: WIPL · Unclassified
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Instant answers about The Western India Plywoods Limited — computed from its filings, no language modelPrice & valuation
split & bonus adjusted · pick a metric and rangeAnnual performance
annual · ₹ crore · line = operating margin| FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | 97.1 | 85.0 | 99.7 | 107.9 | 109.0 | 116.0 | 118.9 |
| EBITDA | 5.7 | 3.6 | 4.2 | 7.4 | 7.0 | 6.5 | 3.6 |
| Operating margin | 5.8% | 4.3% | 4.2% | 6.9% | 6.4% | 5.6% | 3.0% |
| Interest | 2.2 | 1.6 | 1.3 | 1.4 | 1.2 | 1.2 | 0.9 |
| Depreciation | 2.4 | 2.7 | 2.5 | 1.6 | 1.4 | 1.9 | 2.0 |
| Profit before tax | 1.8 | -0.4 | 0.8 | 5.1 | 4.9 | 4.2 | 1.5 |
| Tax | 0.6 | 0.3 | 0.6 | 1.6 | 1.6 | 1.4 | 1.0 |
| Net profit | 1.2 | 0.4 | 0.5 | 3.7 | 3.4 | 0.0 | 0.0 |
| EPS ₹ | 1.47 | -0.31 | 0.56 | 4.31 | 3.98 | 3.30 | 0.86 |
| Operating cash flow | — | — | 2.2 | 15.1 | 3.0 | 1.9 | 6.6 |
| Capex | — | — | 1.5 | 3.2 | 5.8 | 1.6 | 1.9 |
| Dividend paid | — | — | 0.7 | 0.7 | 0.8 | 0.8 | 0.7 |
| Total assets | — | — | — | 69.9 | 75.6 | 79.7 | 71.1 |
| Equity | — | — | — | 41.2 | 43.3 | 45.3 | 44.8 |
Quarterly performance
last 28 quarters · ₹ crore| SEP '19 | DEC '19 | MAR '20 | JUN '20 | SEP '20 | DEC '20 | MAR '21 | JUN '21 | SEP '21 | DEC '21 | MAR '22 | JUN '22 | SEP '22 | DEC '22 | MAR '23 | JUN '23 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | MAR '25 | JUN '25 | SEP '25 | DEC '25 | MAR '26 | JUN '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 26.5 | 25.7 | 21.5 | 11.1 | 21.7 | 26.6 | 25.7 | 19.5 | 26.7 | 26.6 | 26.9 | 24.7 | 28.8 | 29.1 | 25.3 | 23.6 | 28.3 | 31.8 | 25.3 | 25.0 | 31.1 | 30.9 | 29.1 | 29.0 | 29.9 | 31.4 | 28.5 | 26.5 |
| Operating profit | 2.0 | 1.3 | 0.9 | -0.0 | 1.3 | 1.5 | 0.9 | -0.1 | 1.4 | 1.6 | 1.3 | 1.7 | 1.6 | 2.3 | 1.7 | 1.1 | 2.0 | 3.4 | 0.5 | 0.8 | 2.0 | 1.8 | 2.0 | 1.2 | 0.8 | 2.0 | -0.4 | -0.1 |
| Operating margin | 7.4% | 4.9% | 4.1% | -0.2% | 5.8% | 5.6% | 3.5% | -0.4% | 5.1% | 6.1% | 4.9% | 6.8% | 5.7% | 8.0% | 6.9% | 4.7% | 7.1% | 10.6% | 2.0% | 3.2% | 6.3% | 5.9% | 6.8% | 4.0% | 2.7% | 6.3% | -1.4% | -0.2% |
| Other income | 0.1 | 0.1 | 0.3 | 0.1 | 0.1 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.3 | 0.2 | 0.1 | 0.1 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.3 | 0.1 | 0.1 | 0.3 | 0.1 | 0.4 | 0.5 |
| Interest | 0.5 | 0.5 | 0.6 | 0.4 | 0.4 | 0.3 | 0.4 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.4 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | 0.3 | 0.4 | 0.2 | 0.2 | 0.2 | 0.3 | 0.1 |
| Depreciation | 0.6 | 0.7 | 0.5 | 0.6 | 0.6 | 0.6 | 0.9 | 0.7 | 0.7 | 0.5 | 0.6 | 0.4 | 0.4 | 0.4 | 0.4 | 0.3 | 0.3 | 0.4 | 0.4 | 0.4 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 |
| Profit before tax | 1.0 | 0.2 | 0.1 | -0.9 | 0.3 | 0.5 | -0.3 | -1.1 | 0.4 | 0.9 | 0.5 | 1.2 | 1.2 | 1.6 | 1.1 | 0.7 | 1.6 | 2.7 | -0.0 | 0.3 | 1.4 | 1.3 | 1.2 | 0.5 | 0.4 | 1.3 | -0.8 | -0.2 |
| Tax | 0.3 | 0.2 | 0.0 | -0.1 | 0.2 | 0.2 | 0.1 | -0.2 | 0.2 | 0.4 | 0.2 | 0.3 | 0.4 | 0.6 | 0.2 | 0.2 | 0.4 | 0.8 | 0.1 | 0.1 | 0.4 | 0.4 | 0.4 | 0.2 | 0.2 | 0.5 | 0.1 | 0.1 |
| Net profit | 0.7 | 0.1 | 0.1 | -0.6 | 0.2 | 0.5 | 0.3 | 0.8 | 0.3 | 0.6 | 0.3 | 0.9 | 0.8 | 1.1 | 0.8 | -0.1 | 1.1 | 1.9 | -0.1 | 0.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| EPS ₹ | 0.83 | 0.16 | 0.09 | -0.74 | 0.23 | 0.56 | -0.36 | -0.92 | 0.38 | 0.75 | 0.35 | 1.02 | 0.98 | 1.31 | 1.00 | 0.52 | 1.29 | 2.25 | 0.08 | 0.21 | 1.14 | 1.05 | 0.90 | 0.40 | 0.25 | 1.03 | -0.82 | 0.29 |
| Revenue YoY | — | — | — | — | -18.1% | 3.6% | 19.5% | 75.8% | 23.1% | 0.0% | 5.0% | 26.8% | 7.6% | 9.6% | -6.2% | -4.2% | -1.6% | 9.1% | 0.1% | 5.7% | 9.8% | -2.9% | 14.9% | 16.1% | -3.8% | 1.8% | -1.9% | -8.7% |
| Profit YoY | — | — | — | — | -70.6% | 683.3% | 138.5% | — | 60.0% | 36.2% | -6.5% | 11.5% | 162.5% | 73.4% | 193.1% | -109.2% | 29.8% | 72.1% | -108.2% | — | -100.0% | -100.0% | — | -100.0% | — | — | — | — |
Returns & margins
trailing-twelve-month, per quarter| JUN '20 | SEP '20 | DEC '20 | MAR '21 | JUN '21 | SEP '21 | DEC '21 | MAR '22 | JUN '22 | SEP '22 | DEC '22 | MAR '23 | JUN '23 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | MAR '25 | JUN '25 | SEP '25 | DEC '25 | MAR '26 | JUN '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | — | — | — | 6.7% | 7.9% | 8.9% | 6.6% | 7.1% | 9.1% | 6.6% | 7.3% | 4.7% | 0.3% | 0.5% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| ROCE | — | — | — | — | — | — | — | — | — | 8.9% | 10.3% | 11.1% | 10.0% | 10.8% | 12.5% | 9.8% | 9.2% | 9.1% | 6.7% | 8.4% | 8.7% | 7.0% | 6.8% | 4.4% | 2.9% |
| Net margin | 0.3% | -0.3% | 0.2% | 0.4% | 1.9% | 1.9% | 2.1% | 2.0% | 2.0% | 2.5% | 2.8% | 3.4% | 2.5% | 2.8% | 3.5% | 2.6% | 2.8% | 1.8% | 0.1% | 0.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| EBITDA margin | 4.8% | 4.2% | 4.5% | 4.3% | 3.8% | 3.7% | 3.9% | 4.2% | 5.7% | 5.9% | 6.4% | 6.9% | 6.4% | 6.8% | 7.5% | 6.4% | 6.0% | 5.8% | 4.5% | 5.6% | 5.8% | 4.9% | 5.0% | 3.0% | 2.0% |
| Debt / equity | — | — | — | — | — | — | — | — | — | 0.44 | 0.44 | 0.42 | 0.42 | 0.39 | 0.39 | 0.44 | 0.44 | 0.37 | 0.37 | 0.40 | 0.40 | 0.44 | 0.44 | 0.21 | 0.21 |
| Interest coverage | 1.24 | 0.88 | 1.03 | 0.75 | 0.62 | 0.68 | 0.96 | 1.58 | 3.38 | 3.92 | 4.13 | 4.62 | 4.34 | 4.63 | 5.93 | 5.18 | 4.85 | 5.28 | 3.92 | 4.55 | 4.95 | 4.06 | 4.32 | 2.60 | 1.86 |
| Asset turnover | — | — | — | — | — | — | — | — | — | 1.55 | 1.59 | 1.54 | 1.53 | 1.47 | 1.51 | 1.44 | 1.46 | 1.47 | 1.46 | 1.46 | 1.51 | 1.45 | 1.45 | 1.67 | 1.64 |
Balance sheet
equity vs borrowings over time · ₹ crore| SEP '22 | MAR '23 | SEP '23 | MAR '24 | SEP '24 | MAR '25 | SEP '25 | MAR '26 | |
|---|---|---|---|---|---|---|---|---|
| Share capital | 8.5 | 8.5 | 8.5 | 8.5 | 8.5 | 8.5 | 8.5 | 8.5 |
| Other equity / reserves | 31.1 | 32.7 | 33.1 | 34.8 | 34.9 | 36.9 | 36.4 | 36.3 |
| Total equity | 39.6 | 41.2 | 41.6 | 43.3 | 43.4 | 45.3 | 44.9 | 44.8 |
| Borrowings | 17.6 | 17.2 | 16.4 | 18.9 | 16.2 | 18.3 | 19.8 | 9.3 |
| Current liabilities | 16.9 | 16.2 | 17.9 | 19.5 | 21.6 | 23.6 | 27.5 | 19.8 |
| Non-current liabilities | 12.4 | 12.5 | 12.8 | 13.0 | 12.0 | 10.8 | 9.8 | 6.9 |
| Total assets | 68.9 | 69.9 | 72.2 | 75.6 | 77.0 | 79.7 | 82.1 | 71.1 |
| Property, plant & equipment | 17.0 | 16.9 | 17.3 | 20.3 | 24.2 | 24.2 | 23.6 | 23.2 |
| Capital work-in-progress | 1.7 | 2.9 | 3.1 | 4.1 | 0.5 | 0.0 | 0.3 | 0.8 |
| Investments | 0.7 | 0.8 | 0.8 | 0.8 | 0.9 | 1.0 | 1.0 | 0.8 |
| Inventories | 16.2 | 14.5 | 14.3 | 13.6 | 15.3 | 16.6 | 16.7 | 16.6 |
| Receivables | 16.9 | 13.3 | 15.2 | 17.6 | 20.1 | 21.1 | 18.5 | 18.1 |
| Cash & equivalents | 8.1 | 12.8 | 9.3 | 10.2 | 5.9 | 7.9 | 11.4 | 1.6 |
Cash flow
annual · ₹ crore · line = free cash flow| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Cash from operations | 2.2 | 15.1 | 3.0 | 1.9 | 6.6 |
| Cash from investing | -1.1 | -2.9 | -5.1 | -1.8 | -2.4 |
| Cash from financing | -1.2 | -2.4 | -0.4 | -2.5 | -10.7 |
| Capex | 1.5 | 3.2 | 5.8 | 1.6 | 1.9 |
| Free cash flow | 0.6 | 12.0 | -2.7 | 0.2 | 4.8 |
| Dividends paid | 0.7 | 0.7 | 0.8 | 0.8 | 0.7 |
Where the assets sit
Mar '26 · ₹ crorePeer comparison
largest in Unclassified · this company in bold| Company | Market cap ₹cr | Price | P/E | P/B | ROE |
|---|---|---|---|---|---|
| Avantel Limited | 36,86,04,549 | 138.69 | — | 1059360.68 | 0.0% |
| Ducol Organics And Colours Limited | 19,55,275 | 120.00 | — | 20089.13 | 0.0% |
| Jio Platforms Limited | 12,57,181 | 1,406.40 | — | 3.57 | — |
| SBI Funds Management Limited | 1,01,750 | 499.55 | — | — | — |
| Tamilnadu Telecommunication Limited | 91,314 | 9.93 | — | — | — |
| Manipal Health Enterprises Limited | 76,294 | 646.70 | — | — | — |
| INDO-MIM Limited | 59,042 | 1,219.50 | — | — | — |
| AvenuesAI Limited | 45,138 | 129.25 | 153.6 | 9.51 | 6.2% |
| Dhoot Transmission Limited | 32,761 | 1,601.60 | — | 8.11 | — |
| 3M India Limited | 31,071 | 27,570.00 | 53.8 | 17.57 | 32.7% |
| The Western India Plywoods Limited | 132 | 155.33 | — | 2.95 | 0.0% |
StoxGud checklist: Bearish setup · 3/10
- Price above 50-day average
- Price above 200-day average
- 50-day average above 200-day (uptrend)
- RSI in healthy 40–70 zone
- Positive 1-year return
- Return on equity above 15%
- Debt to equity below 1
- Revenue growing year on year
- Net profit margin above 10%
- P/E below industry median
A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.
Returns & technicals
FAQs
What is the share price of The Western India Plywoods Limited?
The Western India Plywoods Limited (WIPL) closed at ₹155.33 on NSE on 06 Nov 2026.
What is the market cap of The Western India Plywoods Limited?
₹132 crore at the latest close.
How fast is The Western India Plywoods Limited growing?
The Western India Plywoods Limited: revenue has compounded at 3.3% a year over three years. Latest-quarter revenue is down 8.7% year on year.
How profitable is The Western India Plywoods Limited?
On a trailing-twelve-month basis return on equity is 0.0%, return on capital employed 2.9%, operating margin 2.0%, net margin 0.0%.
How much debt does The Western India Plywoods Limited have?
The Western India Plywoods Limited is lightly geared: debt to equity is 0.21 with borrowings of ₹9 cr against cash of ₹2 cr (balance sheet of 2026-03-31). Operating profit covers interest 1.9 times.
Financials parsed from The Western India Plywoods Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from SEP '19, annual from FY20, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.