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Prices as of 8 Oct 2026 close · Not investment advice

The Western India Plywoods Limited

NSE: WIPLPlywood Boards/ Laminates

Share price

₹160.69

-1.58% close of 8 Oct 2026

Market cap ₹129 CrP/E —

Business score

How strong the business is, in one number. The parts behind it are in Pro.

44

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹129 Cr

P/E ratio

—

P/B ratio

3.0

ROCE

4.0%

ROE

0.0%

Dividend yield

0.6%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 8 Oct 2026 close52-week high ₹177.0552-week low ₹141.83

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales fell 3.1% over the past year. Meanwhile what it keeps of every 100 rupees of sales slipped from 5.7% to 1.9% over the last four years.

Whether it grew faster than its sector

It grew 3.9% a year against a sector median of 11.3% — 7.4 percentage points slower.

Room to re-rate, or risk of de-rating

It has no earnings, so there is no price-to-earnings to compare.

Whether growth justifies the valuation

It has no earnings to weigh the price against.

Profit growthPrice per ₹1 profitPer 1% growth
The Western India Plywoods Limited — this one-50%/yr——
Stylam Industries Limited15%/yr30.7×₹2.0
Greenlam Industries Limited-23%/yr59.1×—
Greenply Industries Limited6%/yr32.8×₹5.5
Greenpanel Industries Limited26%/yr275.3×₹10.6
Euro Pratik Sales Limited—20.2×—

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Plywood Boards/ Laminates), it ranks 9 of 11 on returns, 11 of 11 on growth, 11 of 11 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

No durable advantage shows in the numbers: it earns 4.0% on capital, ahead of 18% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹29 crore of cash from the business, spent ₹14 crore on plant and equipment, and returned ₹17 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 12 years, about 513 arrived as cash — well above the profit, more than depreciation and interest account for, so do not count on it repeating. Its cash comes back faster than it used to: it went from being waiting 99 days for its cash to waiting 59 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

7 of 9 checks clear · 78%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Announced 12 Aug 2026 · Consolidated · Unaudited

Revenue

₹26 Cr

Revenue vs last year

-8.7%

Revenue vs last quarter

-7.1%

Net profit

-₹0 Cr

Profit vs last year

-188.2%

Net margin

-1.1%

EPS

₹0.29

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹129 Cr
Prev close
₹160.69
52w High
₹193
52w Low
₹133
Enterprise value
₹135 Cr
Beta
0.4
Price CAGR 1y
3.0%
Price CAGR 3y
16.0%
Price CAGR 5y
22.0%
Price CAGR 10y
—

Ratios

Return on assets
0.0%
PEG ratio
-5.8
P/E ratio
—
P/B ratio
3.0
EV / EBITDA
57.3
Industry P/E
34.1
ROCE
4.0%
ROCE 5y average
7.6%
ROE
0.0%
Debt / Equity
0.2
Interest coverage
2.0
Dividend yield
0.6%
ROE 3y average
5.0%
ROE last year
1.0%

Annual P&L

Annual revenue
₹119 Cr
Annual profit
₹0 Cr
Operating margin
3.0%
Net profit margin
0.0%
EBITDA margin
3.4%
Sales growth 3y
3.3%
Sales growth 5y
7.0%
Profit growth 3y
-50.0%
Profit growth 5y
29.0%
EPS
₹0.5
Sales growth TTM
-3.0%
Profit growth TTM
-106.0%
Dividend payout
189.0%

Quarter P&L

Sales latest quarter
₹26 Cr
Profit latest quarter
-₹0 Cr
YoY quarterly sales growth
-8.7%
YoY quarterly profit growth
-188.2%
OPM latest quarter
-0.2%

Balance Sheet

Book Value
₹55.0
Face Value
₹10.0
Total debt
₹9 Cr
Total cash
₹3 Cr
Borrowings
₹9 Cr
Reserves / Equity
4.5

Cash Flow

Operating cash flow
₹7 Cr
Free cash flow
₹5 Cr
FCF yield
3.1%
Net cash flow
-₹6 Cr

Shareholding

Promoter holding
37.9%
FII holding
—
DII holding
2.7%
Public holding
59.5%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Century Plyboard658.9549.414,6400.1583.354.81,561.433.511.5
Stylam Industrie3,281.5532.85,5620.0048.270.4326.515.426.6
Greenlam Industr207.7057.55,2990.1921.2238.7796.718.28.1
Greenply Industr304.7034.13,8060.1637.650.5724.920.614.3
Greenpanel Inds.154.20281.41,8910.321.2103.5349.86.6-0.4
Euro Pratik Sale174.6020.71,7840.1120.124.8103.360.136.9
Rushil Decor15.0018.44400.342.0114.8228.929.14.7
W I Plywoods164.341390.61-0.3-188.226.5-8.74.0
Median159.2733.51,1120.133.852.7208.919.48.9

Competes with: Archidply Industries Limited, Century Plyboards (India) Limited, Euro Pratik Sales Limited, Greenlam Industries Limited, Greenpanel Industries Limited, Greenply Industries Limited, Rushil Decor Limited, Stylam Industries Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales24283225253131292930312926
Expenses23262825242929272829292927
Material Cost12101311119.82
Change in Inventories-1.572.92-0.960.3800.59
Purchases of Stock-in-Trade000.080.660.060.03
Employee Cost4.804.494.374.635.354.59
Other Expenses121013121212
Operating Profit1.122.013.360.510.791.961.831.971.160.821.98-0.39-0.06
OPM %4.747.10112.023.166.305.936.7842.746.30-1.37-0.23
Other Income0.120.230.060.140.140.130.280.100.100.280.060.410.52
Exceptional items (within Other Income)000000
Interest0.260.340.310.270.260.190.300.420.210.180.210.310.15
Depreciation0.330.350.370.390.410.480.500.490.520.520.530.480.51
Profit before tax0.651.552.74-0.010.261.421.311.160.530.401.30-0.77-0.20
Tax %322830800423033343653361850
Net Profit0.441.111.92-0.090.1510.880.770.340.190.83-0.91-0.30
EPS in Rs0.611.312.26-0.110.181.181.040.910.400.220.98-1.07-0.35
Diluted EPS in Rs0.900.400.251.03-0.820.29

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales968986921019785100108109116119116
Expenses8680829094918195100102109115114
Material Cost4545
Change in Inventories-3.342.35
Purchases of Stock-in-Trade00.80
Employee Cost1919
Other Expenses4948
Operating Profit11932764477742
OPM %11103.802.20764.304.3077632
Other Income0044110011111
Exceptional items (within Other Income)00
Interest43443221111.1711
Depreciation2222223221.441.8822
Profit before tax531-022-0154.944.1511
Tax %332891-8,6004634717331313269
Net Profit320111-1033.382.810-0
EPS in Rs3.842.470.291.041.451.47-0.310.574.313.983.300.53-0.22
Diluted EPS in Rs3.300.86
Dividend Payout %182800620-26114203036189

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
3%
5 years
7%
3 years
3%
TTM
-3%

Compounded profit growth

10 years
-15%
5 years
29%
3 years
-50%
TTM
-106%

Stock price CAGR

10 years
—
5 years
22%
3 years
16%
1 year
3%

Return on equity

10 years
3%
5 years
5%
3 years
5%
Last year
1%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital8888888888.498.498
Reserves272829293131313033353736
Borrowings33343131272217181719189
Other Liabilities221722151513131011131617
Minority Interest-0.05-0.31
Total Liabilities918890848174686670768071
Fixed Assets242324232321212020232726
CWIP031100013401
Investments000110111111
Other Assets676265595852464546485244
Total Assets918890848174686670768071

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity81254771021531.887
Cash from Investing Activity-0-4-12-0-0-2-1-3-5-2-2
Cash from Financing Activity-7-7-4-5-7-8-7-1-2-0-3-11
Net Cash Flow0100-0-21010-3-2-6
Free Cash Flow7843658112-30.355

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days676062555964727145596656
Inventory Days372373387295253254204150123117145125
Days Payable646370504849563727405155
Cash Conversion Cycle375369379300264269220185141136161126
Working Capital Days7071581021001141209953545659
ROCE %1210347624111094

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters414141414141414141393738
DIIs3.503.083.083.082.672.672.672.672.672.672.672.67
Public555656565757575757586059
No. of Shareholders1,9271,9392,0102,2522,5242,6132,5522,7552,8262,8982,8012,775

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -1.4% (₹162.97 → ₹160.69)Brick size ₹6.12 (fixed)Bricks 13
₹140₹180₹161Nov '25May '26
Price moved up one brickPrice moved down one brickLast close ₹160.69 on 8 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

6.03inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

News

News and filings about The Western India Plywoods Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • Empty Fruit Bunches (EFB) of oil palm trees
  • acrylic emulsion / coating inputs
  • bamboo mat / plaiting material HS 460121
  • face/core veneer, rotary peeled veneer, sheets for veneering HS 440839
  • paper mill sludge for low-density fibreboard / hardboard
  • phenol formaldehyde (PF) and melamine urea formaldehyde (MUF) resins
  • soft wood
  • timber for plywood
  • waste wood

Depends on the price of

  • caustic_soda
  • fuel
  • timber/logs

Sells to

  • Afia International Algeria SPA · wood products
  • Al Ahleia Switchgear Co · electrical insulation / transformer wood components
  • Charoenchai Transformer Co Ltd · electrical insulation / transformer wood components
  • Classic Sports Goods Pvt Ltd · densified wood / plywood components
  • Windmach Sports Accessories · densified wood / plywood components
  • Xinyi Energy Smart Malaysia Sdn Bhd · wood components / transformer-related wood products

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Consumer Durables
Industry
Plywood Boards/ Laminates
Classification
Consumer Durables › Plywood Boards/ Laminates
ISIN
INE215F01023

Plants

  • Western India Plywoods Integrated Wood Complex, Baliapatam

News impact

Big market events that reach The Western India Plywoods Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

21 Sep 2026unspecified₹1
18 Sep 2025unspecified₹1.2
17 Sep 2024unspecified₹1.2
22 Sep 2023unspecified₹1
22 Sep 2022unspecified₹0.8
2 Aug 2021unspecified₹0.8
12 Sep 2019unspecified₹0.9

Splits, bonuses & buybacks

  • daily-prices repair: 23 rows from NSE's archive (replace 18, delete 0, insert 5), 2017-12-12..2026-02-01 (docs/flat_day_repair.md)1× · 12 Dec 2017

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.