West Coast Paper Mills Share Price & Earnings Call Analysis

₹811.20-0.52% today
Market cap
₹5,358 Cr
P/E
23.33
ROE
4.25%
PEG
-0.51
Price to sales
1.22
Debt to equity
0.10
52W high / low
₹940 / ₹381
Sales growth (5Y)
13.77%
EBITDA margin
11.55%
Net profit margin
3.65%
Promoter holding
56.96%
Sales (last year)
₹4,375 Cr

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. [1]

Potential multibaggers · Q2 FY27

Potential multibaggers in Paper, Forest & Jute Products
on management's own guidance

  1. 2
  2. Kuantum PapersModerate growth
    1
  3. Satia IndustriesSlow growth
    3

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Paper, Forest & Jute Products companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1Kuantum Papers10–20%Up 2%+₹566 Cr17.4
2Nikita Greentech Recycling0–10%Up 0–2%₹155 Cr14.0
3Satia Industries0–10%Flat₹641 Cr—

Financials of West Coast Paper

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of West Coast Paper

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +1,3571,1391,1941,0451,0709601,0451,0161,0419551,0431,0361,245
Expenses +8657448848289007859039339618449759591,088
Operating Profit49339531021817017614283811106877157
OPM %36%35%26%21%16%18%14%8%8%12%7%7%13%
Other Income +1035354159425469454523453
Interest10766678101311101110
Depreciation48444646494753535758626365
Profit before tax444379294207174163135895686194785
Tax %28%27%26%23%25%26%26%24%18%30%37%37%36%
Net Profit +321278219159130122101674660123054
EPS in Rs42.1237.1728.8820.5818.1417.2413.499.726.668.232.654.077.85

Financials of West Coast Paper

Profit & Loss

Annual income statement trend

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +1,7101,9792,4932,2453,3784,9214,4484,0624,279
Expenses +1,3481,4681,8751,9832,7403,2743,3533,5693,866
Operating Profit3625116182616381,6471,095493413
OPM %21%26%25%12%19%33%25%12%10%
Other Income +182052125458167198114
Interest422975705937243842
Depreciation116176198229213189185210248
Profit before tax222326397-264201,4781,053444237
Tax %-0%9%-2%-83%18%26%25%24%34%
Net Profit +223296406-43461,087786336156
EPS in Rs33.7944.8256.08-0.4746.49142.62104.7747.1122.80
Dividend Payout %12%11%9%-213%13%7%8%11%13%

Financials of West Coast Paper

Balance Sheet

Capital structure and asset base

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital131313131313131313
Reserves8261,0901,3751,3761,6732,5683,2283,4783,595
Borrowings +315361753662478231276456345
Other Liabilities +4364551,0431,0181,0941,3611,6001,5651,502
Total Liabilities1,5901,9203,1843,0693,2594,1735,1185,5125,455
Fixed Assets +1,0359912,0181,8731,7571,6591,8822,1262,182
CWIP33757342255210172290
Investments1223452204721,3101,7301,6041,492
Other Assets +5516691,0659421,0081,1491,2961,6101,491
Total Assets1,5901,9203,1843,0693,2594,1735,1185,5125,455

Financials of West Coast Paper

Cash Flows

Operating, investing and financing cash movement

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +3263946493385911,23876499
Cash from Investing Activity +-139-382-858-166-289-894-714-172
Cash from Financing Activity +-194-12218-167-295-334-6172
Net Cash Flow-6-195710-11-0
Free Cash Flow1802255362655281,077240-350
CFO/OP104%89%113%129%108%95%93%38%

Financials of West Coast Paper

Ratios

Working capital efficiency and return ratios

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days253021332625213133
Inventory Days1371591671288588117130108
Days Payable816763645954565036
Cash Conversion Cycle8212312498525881112106
Working Capital Days241818711132150151
ROCE %27%24%2%20%53%29%11%6%
93out of 100

Momentum score · price trend

93 out of 100 — Strengthening

Over the past year its share price has done better than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+79.3%91%
Last 6 months+63.5%93%
Last 3 months+42.6%96%
How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For West Coast Paper: 0.4 × 91 + 0.4 × 93 + 0.2 × 96 = 93.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 2 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

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