The Western India PLY Ltd
NSE: WIPL · Other · sector
₹153.00NSE close 2026-10-26
Key numbers
Market cap₹130 cr
Price₹153.00
52w high / low₹193 / ₹133
P/E204.0xSector median 14.4x
P/B2.9xSector median 1.7x
Book value₹52.7
Dividend yield0.52%Sector median 0.37%
ROE-0.4%Sector median 13.8%
ROCE2.9%Sector median 19.6%
OPM2.0%Sector median 10.4%
Debt / equity0.21xSector median 0.29x
EV/EBITDA58.0xSector median 8.4x
Interest cover1.9x
Current ratio2.11x
Sales growth 3y+3.3%Sector median +7.7%
Profit growth 3y-50.3%Sector median +16.6%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 688 companies in Other (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹3 cr vs borrowings ₹9 cr (FY26): borrowings are higher by ₹6 cr.
- Operating profit covered interest 1.9x in the last 12 months.
- No promoter shares are pledged.
- Promoter holding fell by 2.99 percentage points in a year, to 37.88% (2026-09-30).
- Operating cash flow was below net profit in 2 of the last 5 years (FY25, FY24).
- Net loss in 2 of the last 8 quarters.
- Revenue was higher than a year earlier in 1 of the last 4 quarters.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹153.00 on 2026-10-26: -20.8% from the 52-week high, +15.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹260.96 · low ₹142.60
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 31 | 31 | 29 | 29 | 30 | 31 | 28 | 26 |
| EBITDA | 2 | 2 | 2 | 1 | 1 | 2 | -0 | -0 |
| OPM % | 6.3% | 5.9% | 6.8% | 4.0% | 2.7% | 6.3% | -1.4% | -0.2% |
| Other income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Net profit | 1 | 1 | 1 | 0 | 0 | 1 | -1 | -0 |
| EPS (₹) | 1.14 | 1.05 | 0.90 | 0.40 | 0.25 | 1.03 | -0.82 | 0.29 |
| Revenue YoY | -3.8% | +1.8% | -1.9% | -8.7% | ||||
| Profit YoY | -81.0% | -5.7% | -218.2% | -188.2% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 100 | 108 | 109 | 116 | 119 | 116 |
| EBITDA | 4 | 7 | 7 | 7 | 4 | 2 |
| Net profit | 0 | 4 | 3 | 3 | 0 | -0 |
| EPS (₹) | 0.56 | 4.31 | 3.98 | 3.30 | 0.86 | 0.75 |
| Revenue growth | +8.2% | +1.1% | +6.4% | +2.5% | -3.1% | |
| Profit growth | +678.7% | -7.7% | -17.2% | -83.9% | -106.3% | |
| Dividend / share (₹) | 0.80 | 0.80 | 1.00 | 1.20 | 1.20 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +3.3% | +6.9% | -3.1% |
| Net profit | -50.3% | +0.9% | -106.4% |
| EPS | -41.6% | – | – |
| Share price | – | -8.0% (2y) | -3.8% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 41 | 43 | 45 | 45 |
| Borrowings | – | 17 | 19 | 18 | 9 |
| Cash & equivalents | – | 14 | 11 | 9 | 3 |
| Total assets | – | 70 | 76 | 80 | 71 |
| Fixed assets | – | 17 | 20 | 24 | 23 |
| Capital work in progress | – | 3 | 4 | 0 | 1 |
| Investments | – | 1 | 1 | 1 | 1 |
| Receivables | – | 13 | 18 | 21 | 18 |
| Inventory | – | 15 | 14 | 17 | 17 |
| Payables | – | 3 | 5 | 6 | 7 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 2 | 15 | 3 | 2 | 7 |
| Cash from investing | -1 | -3 | -5 | -2 | -2 |
| Cash from financing | -1 | -2 | -0 | -3 | -11 |
| Capex | 2 | 3 | 6 | 2 | 2 |
| Free cash flow | 1 | 12 | -3 | 0 | 5 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 8.9% | 7.8% | 6.2% | 1.0% |
| ROCE % | – | 11.1% | 9.8% | 8.4% | 4.4% |
| Debtor days | – | 45 | 59 | 66 | 56 |
| Inventory days | – | 123 | 117 | 145 | 125 |
| Payable days | – | 27 | 40 | 51 | 55 |
| Cash conversion cycle (days) | – | 141 | 136 | 160 | 126 |
| Working capital days | – | 98 | 90 | 84 | 68 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 37.88% |
| DIIs | 2.06% |
| of which Insurance | 0.26% |
| Public (non-institutions) | 60.06% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 40.79% | 40.79% | 40.79% | 40.87% | 39.37% | 37.06% | 37.88% | 37.88% |
| Promoter group | % |
|---|---|
| Puthiya Kottal Jameela | 4.79% |
| P K Rafia | 3.81% |
| Mohamed P K | 3.72% |
| Ranjit Elanjikla Kuruvilla | 2.39% |
| Ahamedkutty P K M | 1.56% |
| Kaderkutty P K M | 1.56% |
| R Muthatha | 1.49% |
| P K Mariam Mohamed | 1.26% |
| Hashim P K | 1.21% |
| P K Mayan Mohamed | 1.09% |
| Asif Mohamed P K | 1.01% |
| Aley Indira Kuruvilla | 0.95% |
| Khadeeja P K M | 0.93% |
| Aysha P K | 0.93% |
| Mehaboob Mohamed P K | 0.76% |
| Public holders above 1% | % |
|---|---|
| Investor Education and Protection Fund Authority | 7.41% |
| Yogesh Rasiklal Doshi | 5.07% |
| Gulrukh SAM Irani | 4.18% |
| Mitali Anuj Turakhia | 2.37% |
| Lici ASM NON PAR | 1.80% |
| Suprapti Finvest PVT Ltd | 1.79% |
| Ashven Datla | 1.45% |
| Nitesh Arjun Thakkar | 1.37% |
| Sidharth S Bhatia | 1.22% |
| Darshana Yogesh Doshi | 1.13% |
2,766 shareholders. Pledged: 0.00% of promoter shares.
Peers in Other
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| TSFINV | ₹8,585 cr | 17.6x | 1.4x | 8.4% | 3.6% | 20.5% | +121.7% | 2.30% |
| KRISHANA | ₹6,339 cr | 39.9x | 11.3x | 41.6% | 23.2% | 12.6% | +95.7% | 0.05% |
| MARINE | ₹5,431 cr | 84.2x | 11.0x | 14.3% | 18.0% | 10.8% | +25.6% | 0.07% |
| ZOTA | ₹4,139 cr | – | 6.0x | -22.5% | -12.4% | -0.5% | +56.7% | 0.07% |
| AIMTRON | ₹3,319 cr | 71.7x | 17.1x | 28.0% | 31.8% | 21.8% | – | – |
| ACCORD | ₹2,984 cr | – | 261.7x | 12.4% | 12.0% | 2.4% | – | – |
| MONOLITH | ₹2,646 cr | 64.6x | 24.3x | 36.0% | 48.7% | 24.4% | – | – |
| UTSSAV | ₹2,390 cr | 40.2x | 14.1x | 43.4% | 54.7% | 7.9% | – | – |
| BETA | ₹2,200 cr | 40.6x | 5.0x | 16.4% | 17.0% | 20.8% | – | – |
| WIPL | ₹130 cr | 204.0x | 2.9x | -0.4% | 2.9% | 2.0% | +3.3% | 0.52% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-21 | Dividend | Dividend - Re 1 Per Share |
| 2025-09-18 | Dividend | Dividend - Rs 1.20 Per Share |
| 2024-09-17 | Dividend | Annual General Meeting/Dividend - Rs 1.20 Per Share |
| 2023-09-22 | Dividend | Annual General Meeting/Dividend - Re 1 Per Share |
| 2022-09-22 | Dividend | Annual General Meeting/Dividend - Re 0.80 Per Share |
| 2021-08-02 | Dividend | Annual General Meeting/Dividend - Rs 0.80 Per Share |
| 2020-09-18 | Other | Annual General Meeting |
| 2019-09-12 | Dividend | Annual General Meeting/Dividend - Rs 0.90 Per Share |
| 2018-09-19 | Other | Annual General Meeting |
| 2017-09-01 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
Links go to the original files on the exchange website.
About the company
| Sector | |
| Industry | Other |
| Sub-industry | |
| Symbol | WIPL |
| BSE code | – |
| ISIN | INE215F01023 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.