The Western India Plywoods Limited share price

The Western India Plywoods Limited manufactures and sells hardboard, plywood, and compreg wood products in India and internationally. The company offers fire retardant, resin surfaced shuttering, marine, and boiling water-resistant plywood; hard boards, such as standard hardboard, oil tempered, and perforated; densified woods, including compreg slats, moulded seats, WIPCHECK, WIPBEAR, WIPROC, WIP filter plates, WIPCOM, WIPLAM, and WIPWOOD; softwoods; furniture; doors; and WIPRESS, a hard and rigid board. It also provides value-added products. It serves customers automobiles customers, and packaging industry and construction companies. The Company was incorporated in 1945 and is based in Kan…Read more

Website NSE हिंदी में BSE

Basic MaterialsLumber & Wood ProductionNSE: WIPLISIN INE215F01023

16 Oct 2026, 3:20 PM IST₹162.31▲ 0.81 (0.50%)

Market Cap₹ 138 Cr.
Current Price₹ 162.31
High / Low₹ 193 / 133
Stock P/E954.8
Book Value₹ 40
Dividend Yield0.62 %
ROCE4.4 %
ROE1.60 %
Face Value₹ 10.0

More figures (10)

EPS (TTM)₹ 0.17
Price / Book4.03
OPM1.4 %
Debt / Equity0.21
Sales growth (5Y)6.9 %
Profit growth (5Y)—
Promoter holding—
EV / EBITDA72.8
Beta-0.51
All-time high₹ 270

Price chart

Price on NSE 50 DMA 200 DMA Volume

Returns	1M	3M	6M	YTD	1Y	3Y CAGR	5Y CAGR
WIPL	-3.39%	-0.29%	+2.70%	+11.44%	-0.67%	+15.04%	+22.71%
Nifty 50	-0.31%	-3.85%	-4.34%	-11.42%	-9.53%	+5.46%	+4.76%

Price returns only (dividends not included). Prices from NSE via Yahoo Finance; may be delayed.

Quick take

The Western India Plywoods Limited is in the Lumber & Wood Production industry (Basic Materials), with a market value of ₹138 crore.
It trades at 954.8 times its last 12 months' earnings and 4.0 times book value.
Revenue grew 6.9% a year over the last 5 years.
Return on equity was 1.6% and return on capital employed 4.4% in the latest year.
Debt was 0.21 times shareholders' equity.
The share price is 16.0% below its 52-week high and down 0.7% over one year.

Pros

Borrowings are moderate at 0.21 times shareholders' equity.
Pays a healthy dividend: about 93% of profit last year.

Cons

Return on equity has been low: 5.3% on average over the last 3 years.
Interest cover is thin: operating earnings are 1.9 times the interest cost.
Profit growth has been weak: -49.5% a year over the last 3 years.
Latest quarter (Jun 2026): profit fell 188% from a year ago.
Promoter holding has fallen by 3.13 points over 3 years, to 37.88%.

Pros and cons are generated automatically from the reported figures. They are observations, not a recommendation to buy or sell.

AI analysis

Plenitude AI reads the figures on this page and explains them in plain language. It does not say whether to buy or sell.

About The Western India Plywoods Limited

Employees: 191
Head office: Kannur

Basic MaterialsLumber & Wood Production

S.No.	Company	CMP ₹	P/E	Mar Cap ₹ Cr	Div Yld %	NP Qtr ₹ Cr	Qtr Profit Var %	Sales Qtr ₹ Cr	Qtr Sales Var %	ROCE %	ROE %	P/B	OPM %	Debt / Eq	Prom. Hold. %	Sales ₹ Cr	Sales Var 3Yrs %
1.	The Western India Plywoods	162.31	954.8	138	0.62	-0	-188.24	26	-8.69	4.4	1.6	4.03	1.4	0.21	—	119	6.9
2.	Greenply Industries	310.25	39.2	3,875	0.16	38	32.17	725	20.65	12.5	10.5	4.30	7.6	0.59	48.15	2,739	18.2
	Median: 2 Co.	236.28	497.0	2,006	0.39	19	-78.04	376	5.98	8.5	6.1	4.16	4.5	0.40	48.15	1,429	12.6

Companies in the same industry; the median covers every company in it that we hold figures for. Tap a heading to sort. Sorting and comparing are ways to explore data, not recommendations.

Quarterly Results

Consolidated figures in ₹ crore /

₹ Cr	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	24	28	32	25	25	31	31	29	29	30	31	29	26
YOY Sales Growth %	-4.21%	-1.56%	9.06%	0.12%	5.71%	9.82%	-2.86%	14.86%	16.09%	-3.76%	1.85%	-1.93%	-8.69%
	23	26	28	25	24	29	29	27	28	29	29	29	27
Material Cost %	39%	40%	39%	36%	35%	38%	34%	36%	45%	39%	40%	40%	39%
Employee Cost %	19%	15%	14%	18%	18%	15%	15%	17%	15%	15%	15%	19%	17%
Other Expenses %	37%	37%	36%	44%	43%	41%	44%	41%	36%	43%	39%	43%	43%
Operating Profit	1	2	3	1	1	2	2	2	1	1	2	-0	-0
OPM %	5%	7%	11%	2%	3%	6%	6%	7%	4%	3%	6%	-1%	0%
Other Income	0	0	0	0	0	0	0	0	0	0	0	0	1
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	1	0	1	1	1	0	1
Profit before tax	1	2	3	-0	0	1	1	1	1	0	1	-1	-0
	32%	28%	30%		42%	30%	33%	34%	36%	53%	36%
Current tax	0	0	1	-0	0	0	0	0	0	0	0	0	0
Deferred tax	0	0	0	0	0		0	0	-0	0	-0	-0	-0
	0	1	2	-0	0	1	1	1	0	0	1	-1	-0
Minority share	0	0	0	-0	-0							-0
Profit to shareholders	-0	1	2	-0	0
YOY Profit Growth %	-48.84%	46.05%	86.41%	-110.71%	-65.91%	-9.91%	-54.17%		126.67%	-81.00%	-5.68%	-218.18%	-188.24%
EPS in Rs	0.05	0.13	2.25	0.08	0.21	1.14	1.05	0.90	0.40	0.25	1.03	-0.82	0.29
Raw filing

₹ Cr	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	23	28	31	25	25	31	31	29	29	29	31	28	27
YOY Sales Growth %	-5.95%	-1.21%	8.38%	1.69%	6.03%	10.09%	-2.11%	13.31%	16.26%	-3.76%	1.40%	-0.98%	-8.02%
	22	26	28	24	24	29	29	27	28	28	29	28	26
Material Cost %	40%	41%	39%	37%	37%	39%	36%	35%	47%	39%	40%	40%	39%
Employee Cost %	18%	14%	13%	16%	17%	14%	14%	15%	14%	14%	14%	16%	16%
Other Expenses %	37%	37%	37%	43%	43%	41%	44%	42%	35%	43%	39%	41%	43%
Operating Profit	1	2	3	1	1	2	2	2	1	1	2	1	0
OPM %	5%	7%	11%	3%	4%	7%	6%	7%	4%	4%	7%	3%	1%
Other Income	0	0	0	0	0	0	0	0	0	0	0	0	1
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit before tax	1	2	3	0	0	2	1	1	1	1	2	0	0
	28%	28%	29%	31%	31%	27%	31%	28%	27%	28%	30%	33%	28%
Current tax	0	0	1	-0	0	0	0	0	0	0	0	0	0
Deferred tax	0	0	0	0	0		0	0	-0	0	-0	-0	-0
	1	1	2	0	0	1	1	1	1	1	1	0	0
YOY Profit Growth %	-39.77%	8.57%	31.33%	-74.29%	-52.83%	-0.88%	-51.78%	433.33%	104.00%	-51.33%	13.68%	-69.79%	-49.02%
EPS in Rs	0.06	0.14	2.32	0.21	0.29	1.33	1.13	1.13	0.60	0.65	1.28	0.34	0.31
Raw filing

Source: the company's results filed with NSE, as reported. EPS restated for bonus issues and splits. Tap a row marked + for its breakdown. Latest quarter on the right.

Profit & Loss

Consolidated figures in ₹ crore /

₹ Cr	Mar 2017	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
		97	85	100	108	109	116	119	116
YOY Sales Growth %			-12.47%	17.29%	8.15%	1.09%	6.40%	2.47%
		91	81	96	100	102	109	115	114
Material Cost %		39%	42%	40%	40%	39%	36%	41%	39%
Employee Cost %		18%	16%	16%	17%	16%	16%	16%	16%
Other Expenses %		37%	38%	40%	37%	39%	42%	40%	42%
Operating Profit		6	4	4	7	7	7	4	2
OPM %		6%	4%	4%	7%	6%	6%	3%	2%
Other Income		1	0	0	1	1	1	1	1
Interest		2	2	1	1	1	1	1	1
Depreciation		2	3	2	2	1	2	2	2
Profit before tax		2	-0	1	5	5	4	1	1
		34%		74%	31%	31%	33%	69%	126%
Current tax		1	0	1	1	1	1	1
Deferred tax		-0	-0	-0	0	0	0	-0
		1	-1	0	3	3	3	0	-0
Minority share		-0	0	0	-0	0		-0	-0
Profit to shareholders		1	0	0	4	3
YOY Profit Growth %			-159.32%		1,645.00%	-3.15%	-17.16%	-83.93%
EPS in Rs	0.00	0.15	-0.03	0.06	0.43	3.98	3.30	0.86	0.75
Dividend Payout %					19%	25%

Compounded Sales Growth

5 Years:: 7%
3 Years:: 3%
TTM:: -3%

Compounded Profit Growth

3 Years:: -49%
TTM:: -106%

Stock Price CAGR

5 Years:: 23%
3 Years:: 15%
1 Year:: -1%

Return on Equity

4 Years:: 6%
Last Year:: 2%

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	23	23	98	92	83	99	107	108	115	118	115
YOY Sales Growth %			331.40%	-5.70%	-9.68%	18.09%	8.24%	0.96%	6.42%	2.64%
	23	23	90	86	79	93	99	100	108	113	111
Material Cost %	33%	33%	43%	40%	42%	41%	40%	40%	37%	42%	40%
Employee Cost %	23%	23%	13%	17%	15%	14%	16%	15%	15%	14%	15%
Other Expenses %	44%	44%	36%	37%	38%	40%	37%	38%	42%	40%	42%
Operating Profit	0	0	7	6	5	5	8	7	7	5	4
OPM %	0%	0%	8%	6%	6%	5%	7%	7%	6%	4%	4%
	0	0	1	1	0	0	1	1	1	1	1
Exceptional items	2	2
Interest	1	1	3	2	2	1	1	1	1	1	1
Depreciation	1	1	2	2	2	2	1	1	2	2	2
Profit before tax	1	1	3	2	1	2	6	5	5	3	3
	52%	52%	29%	27%	22%	28%	28%	29%	29%	29%	30%
Current tax	0	0	1	1	0	1	1	1	1	1
Deferred tax	0	0	0	-0	-0	-0	0	0	0	-0
	1	1	2	2	1	1	4	4	3	2	2
Profit to shareholders	1	1	2		1
YOY Profit Growth %			330.00%	-21.86%	-40.48%	42.00%	190.85%	-7.51%	-13.87%	-26.14%
EPS in Rs	0.07	0.07	0.25	0.20	0.12	0.17	0.49	4.50	3.88	2.87	2.58
Dividend Payout %							17%	22%	24%	28%

Compounded Sales Growth

5 Years:: 7%
3 Years:: 3%
TTM:: -3%

Compounded Profit Growth

5 Years:: 19%
3 Years:: -16%
TTM:: -39%

Stock Price CAGR

5 Years:: 23%
3 Years:: 15%
1 Year:: -1%

Return on Equity

4 Years:: 6%
Last Year:: 2%

Financial years ending March; TTM = the last four quarters. Source: the company's results filed with NSE, as reported. EPS restated for bonus issues and splits. Tap a row marked + for its breakdown. Dividend payout = dividends paid in the year ÷ net profit.

Balance Sheet

Consolidated figures in ₹ crore, as at 31 March

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	8	8	8	8
Reserves	33	35	37	36
	17	19	18	9
Long term borrowings	11	11	9	5
Short term borrowings	6	8	10	4
	11	13	16	17
Trade payables	3	5	6	7
Minority interest	-0	-0	-0	-0
Current liabilities	16	19	24	20
Total Liabilities	70	76	80	71
	20	24	24	24
Gross block	36	42	44	46
Accumulated depreciation	16	18	20	22
Goodwill & intangibles	3	3	3	3
CWIP	3	4	0	1
	47	47	55	46
Inventories	15	14	17	17
Trade receivables	13	18	21	18
Cash & equivalents	13	10	8	2
Current assets	45	46	50	42
Total Assets	70	76	80	71

Source: Yahoo Finance (compiled from the annual reports). Tap a row marked + for its breakdown.

Cash Flows

Consolidated figures in ₹ crore, financial years ending March

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	15	3	2	7
Profit for the year	4	3	3	1
Working capital changes	8	-3	-5	4
Direct taxes paid	-1	-2	-0	-2
	-3	-5	-2	-2
Fixed assets purchased	-3	-6	-2	-2
Fixed assets sold	0	0		0
	-2	-0	-3	-11
Proceeds from borrowings	3	2	1
Repayment of borrowings	-3	-0	-2
Interest paid	-1	-1	-1	-1
Dividends paid	-1	-1	-1	-1
Net Cash Flow	10	-2	-2	-6
Free Cash Flow	12	-3	0	5

Free cash flow = cash from operations − capital expenditure. Source: Yahoo Finance.

Ratios

Ratio	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
ROE	—	8.9%	8.0%	6.3%	1.6%
ROCE	—	11.7%	10.6%	9.2%	4.4%
Operating margin	—	5.4%	5.2%	4.1%	1.4%
Net margin	—	3.4%	3.1%	2.4%	0.6%
Debt / equity	—	0.42	0.44	0.40	0.21
Current ratio	—	2.80	2.37	2.13	2.11
Debtor days	—	45	59	67	56
Inventory days	—	110	103	124	109
Days payable	—	24	35	43	47
Cash conversion cycle	—	131	127	148	118
Working capital days	—	99	90	85	68

Computed from the reported statements: ROE on average equity; ROCE = EBIT / (total assets − current liabilities). Debtor days = receivables ÷ sales × 365; inventory and payable days use cost of goods sold; cash conversion cycle = debtor + inventory − payable days; working capital days = (current assets − current liabilities) ÷ sales × 365.

Shareholding Pattern

Numbers in percentages · as filed with NSE each quarter

Promoters 37.88%
DIIs 2.67%
Public 59.45%

%	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	41.01%	41.00%	40.79%	40.79%	40.79%	40.79%	40.79%	40.79%	40.87%	39.37%	37.06%	37.88%
	3.50%	3.08%	3.08%	3.08%	2.67%	2.67%	2.67%	2.67%	2.67%	2.67%	2.67%	2.67%
Insurance companies	0.26%	0.26%	0.26%	0.26%	0.26%	0.26%	0.26%	0.26%	0.26%	0.26%	0.26%	0.26%
	55.49%	55.92%	56.13%	56.13%	56.55%	56.55%	56.55%	56.55%	56.46%	57.96%	60.27%	59.45%
Retail (up to ₹2 lakh)	15.93%	15.91%	16.09%	16.32%	15.86%	16.02%	16.16%	15.75%	15.57%	16.14%	15.36%	15.20%
HNIs (above ₹2 lakh)	18.14%	18.00%	18.96%	20.07%	20.53%	20.52%	20.98%	21.36%	21.48%	22.18%	25.50%	25.19%
NRIs	0.17%	0.34%	0.46%	0.52%	0.83%	0.86%	0.94%	0.93%	0.93%	0.82%	1.12%	1.14%
Bodies corporate	4.55%	4.76%	3.83%	2.70%	2.78%	2.82%	2.88%	3.14%	3.10%	3.57%	3.22%	3.18%
IEPF	7.10%	7.57%	7.56%	7.56%	7.56%	7.56%	7.56%	7.56%	7.54%	7.54%	7.51%	7.51%
No. of Shareholders	1,927	1,939	2,010	2,252	2,524	2,613	2,552	2,755	2,825	2,898	2,801	2,775

Source: shareholding patterns filed by the company with NSE. Public = non-institutional holders. Tap a row marked + for its breakdown.

Documents

Announcements

All announcements on NSE →

Annual reports

Credit ratings

Credit RatingThe Western India Plywoods Limited has informed the Exchange about Credit Rating27-Sep-2023

Concalls & investor meets

None filed recently.

Filings made by the company with NSE; documents open on NSE's website.

Key dates

Ex-dividend date: 21 Sep 2026
Latest quarter: 30 Jun 2026
Financial year end: 31 Mar 2026

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Latest news

In the news

No recent coverage found.

From the company (NSE)

Headlines from news publishers (via Google News) and the filings of the company with NSE; they open on the source website. Headlines with price targets or buy/sell calls are left out. News is for information only and is not a recommendation.

Questions about The Western India Plywoods Limited

What is the share price of The Western India Plywoods Limited today?

The Western India Plywoods Limited (WIPL) last traded at ₹162.31 on NSE (16 Oct 2026, 3:20 PM IST). Prices may be delayed.

What is the market cap of The Western India Plywoods Limited?

About ₹138 crore at the latest price.

What is the P/E ratio of The Western India Plywoods Limited?

About 954.8 times its earnings over the last 12 months.

Is The Western India Plywoods Limited a good investment?

We do not give views on individual shares. Whether any share suits you depends on your goals, time horizon and risk appetite; for long-term goals, a diversified mutual fund is often a simpler way to own shares. Investments in securities markets are subject to market risks.

How can I buy The Western India Plywoods Limited shares?

You need a trading and demat account with a SEBI-registered stock broker. We can help you open one through Parshvanath Investments, an Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539). We provide execution and account service only, not tips or research.

Important. Prices from NSE via Yahoo Finance. Quarterly and annual results, shareholding and documents are taken from the filings the company made with NSE; balance sheet, cash flow and valuation figures are compiled by Yahoo Finance; ratios are computed by us from them. Figures may be delayed or revised. This page is for information only: it is not research, a recommendation or an offer to buy or sell any security. Investments in securities markets are subject to market risks; read all related documents carefully before investing. Plenitude Connect Private Limited is an AMFI-registered Mutual Fund Distributor (ARN-130934); share broking is offered through Parshvanath Investments, Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539).

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The Western India Plywoods Limited share price

Price chart

Quick take

Pros

Cons

AI analysis

About The Western India Plywoods Limited

Peer comparison

Quarterly Results

Profit & Loss

Projection — your assumptions

Related party transactions

Compounded Sales Growth

Compounded Profit Growth

Stock Price CAGR

Return on Equity

Compounded Sales Growth

Compounded Profit Growth

Stock Price CAGR

Return on Equity

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports

Credit ratings

Concalls & investor meets

Key dates

Trade with our broking desk

Latest news

In the news

From the company (NSE)

Questions about The Western India Plywoods Limited

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