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    Paper, Lumber & Forest Products
West Coast Paper Mills Limited

West Coast Paper Mills Limited

WSTCSTPAPR.BO
West Coast Paper Mills LimitedIN flagBombay Stock Exchange
524.00
INR
-5.00
- -
34.64BMarket Cap
West Coast Paper Mills Limited
WSTCSTPAPR.BO
(Bombay Stock Exchange)

Recent

price

524.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
170.63
207.31
221.92
235.77
248.61
257.39
267.88
257.45
298.31
375.49
337.73
507.76
741.05
669.53
615.07
647.8
650.26
Revenue per Share
-1.02
-5.5
2.77
1
0.17
-0.07
19.46
33.79
44.82
56.08
-0.47
46.49
142.62
104.77
47.11
22.8
22.81
Basic EPS, GAAP
8.53
6.72
34.02
13.37
35.3
10.29
60.69
26.81
33.84
80.77
39.94
79.9
162.74
36.24
-53.18
2.88
- -
Free Cash Flow per Basic Share
3.37
3.34
0.23
1.17
1.17
- -
1.2
2.5
4
10
- -
1.84
7.25
12.08
9.66
5.83
- -
Dividend per Share
12.36
0.76
2.13
2.09
-8.33
-9.6
9.86
40.19
80.19
124.2
123.73
169.22
305.84
400.61
439.46
2
2
Book Value per Share
106.83
90.76
91.44
90.29
79.72
78.19
96.37
126.7
166.92
210.7
211.94
263.33
420.43
534.22
574.5
594.2
594.52
Tangible Book Value per Share
63
63
65
66
66
66
66
66
66
66
66
66
66
66
66
66
66
Basic Weighted Avg Shares
10,709
13,008
14,507
15,572
16,421
17,000
17,693
17,004
19,703
24,801
22,307
33,537
48,945
44,222
40,623
42,788
42,928
Sales/Revenue/Turnover
8.69
6.47
9.14
5.28
7.52
7.95
12.85
15.2
17.87
17.18
1.67
12.85
29.89
20.71
6.69
3.85
3.82
Operating Margin (%)
961
1,432
1,364
1,272
1,222
1,144
1,108
1,162
1,760
1,979
2,294
2,125
1,895
1,851
2,099
2,483
2,483
Depreciation Expense
- -
-336
181
66
11
-5
1,285
2,232
2,960
3,704
-31
3,070
9,420
6,920
3,111
1,506
1,506
Net Income, GAAP
3.21
- -
26.21
52.47
76.44
103.37
27.76
- -
9.1
- -
- -
17.73
26.45
25.37
24.33
34.38
34.38
Effective Tax Rate (%)
- -
-2.58
1.25
0.43
0.07
-0.03
7.26
13.12
15.02
14.93
-0.14
9.16
19.25
15.65
7.66
3.52
3.51
Profit Margin (%)
-410
-1,855
-1,328
-1,208
-2,474
-802
501
1,218
3,296
3,216
2,463
4,983
12,896
16,999
17,917
18,026
18,026
Working Capital
8,131
7,195
5,924
5,857
3,954
4,191
2,937
2,103
1,543
5,484
4,145
2,629
932
1,590
2,318
2,373
2,373
LT Debt
6,705
5,695
5,978
5,967
5,268
5,166
6,392
8,389
11,034
17,042
17,046
20,350
30,646
38,104
40,702
41,861
41,861
Total Equity
5.43
- -
5.57
2.34
1.88
-0.34
13.68
- -
24.51
- -
- -
14.52
37.12
18.54
4.79
2.38
2.37
Return on Invested Capital (%)
4.93
- -
5.79
3.59
1.66
-0.35
25.96
- -
43.28
- -
- -
16.75
35.13
19.72
8.5
7.09
7.09
Return on Capital (%)
-8.28
-83.81
194.07
47.83
- -
- -
- -
135.03
74.46
54.87
-0.38
31.74
60.04
29.66
11.22
10.33
10.33
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
2,448
- -
1,077
LT Borrowings
1,931
- -
2,125
LT Finance Leases
252
- -
248
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
66
- -
66
Market Capitalization
30,821
27,218
26,779

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
26,934
- -
25,489
Cash, Cash Equivalents & STI
13,714
- -
12,207
Accounts Receivable, Net
3,873
- -
3,872
Inventories
7,328
- -
8,069
Total Current Liabilities
9,476
- -
7,463
Payables & Accruals
- -
- -
- -
ST Debt
2,448
- -
1,077
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
24.5%
20.8%
2.85%
Free Cash Flow
32.19%
-45.23%
-105.42%
Net Income, GAAP
-3,762.15%
-1,983.47%
-51.6%
Sales/Revenue/Turnover
11.57%
16.76%
5.33%
Total Cash Common Dividend
- -
44.02%
-39.65%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
11,386
11,938
10,451
10,446
44,222
2025
9,603
10,448
10,159
10,413
40,623
2026
9,546
10,430
10,498
12,453
42,788

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
37.17
28.88
20.58
- -
104.77
2025
17.24
13.49
9.72
6.66
47.11
2026
8.24
2.65
4.07
7.85
22.8

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
12.08
2025
- -
- -
- -
- -
9.66
2026
- -
- -
- -
- -
5.83
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Business
West Coast Paper Mills Limited manufactures writing, printing, and packaging papers along with paperboards and optical fiber cables. Established in 1955 and headquartered in Dandeli, Karnataka, the company produces a comprehensive portfolio of products under the WESCO brand, including premium printing and writing papers from 52 to 140 gsm; machine-glazed poster papers and boards from 80 to 300 gsm; specialty and value-added papers such as MICR cheque paper, bond, parchment, Azure Laid, Super Shine, Duraprint, and alkali-resistant paper; premium office papers for high-end printers; packaging boards like cup stock varieties, folding box board, and single/double coated boards with grey or kraft back; and optical fiber cables for telecom, utilities, and data centers. It operates primary manufacturing facilities in Dandeli for paper and paperboard with 320,000 MTPA capacity, backward-integrated pulp production of 247,000 MTPA, captive power plants including 1.75 MW wind mills, and optical fiber cable plants in Mysore and Raviryala (Telangana); the company serves domestic markets through six zonal offices and 66 dealers while exporting paper to over 15 countries and cables to more than 25 countries in Europe and the Middle East. Subsidiaries include Andhra Paper Limited, in which West Coast Paper Mills holds a 72.20% stake following its 2019 acquisition of International Paper APPM Limited (renamed Andhra Paper Mills), West Coast Opticable Ltd., WESCO Defence Systems Ltd., and Uniply Décor Limited. Recent developments encompass the launch of new specialty papers including Wesco Rangoli (in yellow, green, blue, pink, white), Wesco Dura Natura, Wesco Delite, Wesco Colour Maplitho, Wesco Azurelaid Super, Wesco Plus, and Wesco UHB (BT); phase-wise investments at the Dandeli paper division to enhance quality, develop specialty products, and reduce steam, power, chemical, and water usage; establishment of an optical fiber draw towers factory in Rangareddy, Telangana, for backward integration to supply raw optical fiber to Mysore and Hyderabad cable units; and a new greenfield optical fiber cable plant in Rangareddy commissioned in fiscal 2025 to meet rising demand from 5G rollout and Bharatnet; in fiscal 2025, the company achieved 99.6% capacity utilization in paper with 318,590 MT production, 37% growth in optical fiber cable sales to 108,626 km, and recommended a dividend of INR 5 per share (250%).