1. India Stocks

  2. •

    Non-energy minerals

  3. •

    Forest products
Western India Plywoods Ltd.

Western India Plywoods Ltd.

NNSE:WIPL
160.00
INR
-0.87
(-0.54%)
-0.22EPS
1.49BMarket Cap
Western India Plywoods Ltd.
NSE:WIPL
(National Stock Exchange of India)

Recent

price

160.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
113.15
113.29
105.01
100.11
111.21
118.79
114.19
99.59
116.94
126.62
127.96
136.28
139.68
134.95
Revenue per Share
1.34
3.84
2.31
0.12
1.04
1.44
1.48
-0.31
0.56
4.31
3.98
3.3
0.86
-0.22
Basic EPS, GAAP
2.8
8.54
8.92
4.67
1.94
7.18
5.98
8.95
0.75
13.98
-3.24
0.27
5.62
- -
Free Cash Flow per Basic Share
0.87
0.62
0.72
0.77
0.27
0.06
1.12
0.1
0.8
0.83
1
0.92
0.8
- -
Dividend per Share
41.58
44.54
45.09
43.9
44.73
46.35
46.21
46.02
45.16
48.55
50.98
53.41
52.72
- -
Book Value per Share
38.28
41.24
41.79
40.6
41.43
43.05
42.91
42.72
41.86
45.25
47.68
50.11
49.42
- -
Tangible Book Value per Share
8
8
8
8
8
8
8
8
8
8
8
8
8
9
Basic Weighted Avg Shares
960
961
891
850
944
1,008
969
845
993
1,075
1,086
1,157
1,186
1,164
Sales/Revenue/Turnover
4.44
9.1
7.67
1.25
0.36
4.84
3.61
1.31
1.85
5.43
5.22
4.08
1.44
0.27
Operating Margin (%)
53
23
23
25
25
25
24
27
25
16
14
19
20
20
Depreciation Expense
11
33
21
3
9
12
13
-3
5
37
34
28
7
-2
Net Income, GAAP
- -
33.13
28.04
90.56
- -
46.12
33.81
- -
73.16
31.17
31.46
32.4
68.92
126.03
Effective Tax Rate (%)
1.19
3.39
2.35
0.29
0.93
1.22
1.29
-0.31
0.48
3.4
3.11
2.42
0.62
-0.16
Profit Margin (%)
184
230
236
188
316
332
337
316
305
291
267
268
221
- -
Working Capital
71
74
95
50
171
156
150
143
134
109
110
86
52
- -
LT Debt
359
387
394
381
389
401
400
394
384
411
432
453
444
- -
Total Equity
- -
4.37
3.36
0.48
- -
3.97
3.83
- -
0.92
7.34
6.69
5.22
0.94
- -
Return on Invested Capital (%)
- -
8.01
5.48
1.02
- -
4.32
4.08
- -
1.93
8.18
6.76
5.53
2.13
- -
Return on Capital (%)
- -
8.93
5.15
0.28
2.34
3.17
3.19
-0.68
1.23
9.2
8
6.32
1.62
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
41
- -
LT Borrowings
- -
52
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
8
8
8
Market Capitalization
1,236
1,227
1,485

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
419
- -
Cash, Cash Equivalents & STI
- -
53
- -
Accounts Receivable, Net
- -
181
- -
Inventories
- -
166
- -
Total Current Liabilities
- -
198
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
41
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.27%
2.53%
-1.85%
Free Cash Flow
359.88%
680.32%
1,953.45%
Net Income, GAAP
37.23%
57.69%
-73.96%
Sales/Revenue/Turnover
3.23%
7.15%
2.5%
Total Cash Common Dividend
215.67%
148.48%
-12.63%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
250
311
309
291
1,157
2026
290
299
315
285
1,186
2027
265
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.21
1.14
1.05
0.9
3.3
2026
0.4
0.25
1.03
-1.07
0.86
2027
-0.29
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
0.92
2026
- -
- -
- -
- -
0.8
2027
- -
- -
- -
- -
- -
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Business
The Western India Plywoods Limited manufactures and sells wood-based panel products, including plywood, hardboard, densified wood, compreg wood, soft boards, wooden flooring under the ULTRAKILIK brand, and molded plywood furniture under the WESTIND brand; its plywood offerings encompass block boards, flush doors, shuttering plywood, marine plywood, aircraft plywood, fire retardant plywood, metal-faced plywoods, and pre-finished plywoods using UV-cured technology; hardboards include weatherproof, marine, and fire retardant variants; densified wood laminates feature compreg slats, molded seats, WIPCHECK, WIPBEAR, WIPROC, WIP FILTER PLATES, WIPCOM, WIPLAM, and WIPWOOD for heavy-duty applications in electrical, textile, chemical industries, and railways; additional products comprise sawn timber, fibre insulation boards, and Wipress. The company, founded in 1945 and headquartered in Baliapatam, Kannur, Kerala, India, operates an integrated manufacturing complex serving domestic and international markets through depots and dealer networks across India, with primary customers in automobiles, packaging, construction, high-voltage transformer, and furniture sectors; subsidiaries include Southern Veneers & Woods Works Ltd., The Kohinoor Sawmills Co Ltd, Mayabandar Doors Ltd, and ERA & WIP Timber JV SDN BHD in Malaysia. In recent developments, the company reported consolidated revenue of INR 116 crore and net income of INR 27.10 million for the trailing twelve months as of 2025, alongside a 19.87% single-day stock surge in October 2025 amid strong buying activity; it declared a final dividend of INR 1.20 per share for FY2025, held its annual general meeting on September 25, 2025, and continues to receive liquidity support from parent Western Coast Logs Ltd. amid stretched working capital and operating challenges, with its AGM balance sheet filed as of March 31, 2024, and Q1 FY2026 financials submitted in August 2025.