West Coast Paper Mills LT
NSE: WSTCSTPAPR · Paper & Paper Products · sector
₹787.80NSE close 2026-10-26
Key numbers
Market cap₹5,203 cr
Price₹787.80
52w high / low₹978 / ₹375
P/E22.6xSector median 13.8x
P/B1.4xSector median 0.6x
Book value₹546.2
Dividend yield0.74%Sector median 1.38%
ROE6.5%Sector median 5.8%
ROCE9.4%Sector median 5.9%
OPM11.5%Sector median 8.2%
Debt / equity0.09xSector median 0.42x
EV/EBITDA8.6xSector median 8.0x
Interest cover9.6x
Current ratio3.42x
Sales growth 3y-4.5%Sector median -4.5%
Profit growth 3y-45.1%Sector median -13.6%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 40 companies in Paper & Paper Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹1,195 cr vs borrowings ₹313 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 9.6x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 1 of the last 5 years (FY25).
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Other income was 50% of net profit in the last 12 months.
- Debtor days went from 21 (FY24) to 33 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹787.80 on 2026-10-26: -19.5% from the 52-week high, +110.1% 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 ₹840.00 · low ₹381.30
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,045 | 1,016 | 1,041 | 955 | 1,043 | 1,050 | 1,245 | 1,051 |
| EBITDA | 142 | 83 | 81 | 110 | 68 | 77 | 157 | 203 |
| OPM % | 13.6% | 8.1% | 7.8% | 11.6% | 6.5% | 7.3% | 12.6% | 19.3% |
| Other income | 54 | 69 | 45 | 45 | 23 | 45 | 3 | 45 |
| Net profit | 89 | 64 | 44 | 54 | 17 | 27 | 54 | 133 |
| EPS (₹) | 13.49 | 9.72 | 6.66 | 8.24 | 2.65 | 4.07 | 7.85 | 20.21 |
| Revenue YoY | -0.2% | +3.3% | +19.6% | +10.1% | ||||
| Profit YoY | -80.4% | -58.2% | +22.7% | +145.4% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 3,378 | 4,921 | 4,448 | 4,062 | 4,279 | 4,389 |
| EBITDA | 633 | 1,627 | 1,092 | 481 | 413 | 505 |
| Net profit | 307 | 942 | 692 | 311 | 156 | 232 |
| EPS (₹) | 46.49 | 142.62 | 104.77 | 47.11 | 22.80 | 34.78 |
| Revenue growth | +45.7% | -9.6% | -8.7% | +5.3% | +8.2% | |
| Profit growth | +206.8% | -26.5% | -55.0% | -50.0% | -7.9% | |
| Dividend / share (₹) | 1.00 | 6.00 | 10.00 | 8.00 | 5.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -4.6% | +13.8% | +8.2% |
| Net profit | -45.1% | – | -7.9% |
| EPS | -45.7% | – | – |
| Share price | – | +14.6% (2y) | +67.4% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 2,581 | 3,242 | 3,491 | 3,608 |
| Borrowings | – | 202 | 251 | 432 | 313 |
| Cash & equivalents | – | 1,114 | 1,410 | 1,231 | 1,195 |
| Total assets | – | 4,183 | 5,118 | 5,512 | 5,455 |
| Fixed assets | – | 1,365 | 1,597 | 1,851 | 1,916 |
| Capital work in progress | – | 53 | 205 | 164 | 290 |
| Investments | – | 271 | 363 | 405 | 335 |
| Receivables | – | 332 | 257 | 350 | 387 |
| Inventory | – | 492 | 682 | 871 | 807 |
| Payables | – | 305 | 329 | 334 | 266 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 591 | 1,238 | 764 | 99 | 400 |
| Cash from investing | -289 | -894 | -714 | -172 | -188 |
| Cash from financing | -295 | -334 | -61 | 72 | -206 |
| Capex | 63 | 163 | 525 | 450 | 381 |
| Free cash flow | 528 | 1,075 | 239 | -351 | 19 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 36.5% | 21.3% | 8.9% | 4.3% |
| ROCE % | – | 54.4% | 30.8% | 12.3% | 7.1% |
| Debtor days | – | 25 | 21 | 31 | 33 |
| Inventory days | – | 88 | 117 | 130 | 108 |
| Payable days | – | 54 | 56 | 50 | 36 |
| Cash conversion cycle (days) | – | 59 | 82 | 111 | 105 |
| Working capital days | – | 96 | 136 | 161 | 154 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 56.96% |
| FIIs | 2.66% |
| DIIs | 14.61% |
| of which Mutual funds | 14.02% |
| of which Insurance | 0.08% |
| Government | 0.00% |
| Public (non-institutions) | 25.77% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 56.53% | 56.55% | 56.55% | 56.55% | 56.55% | 56.58% | 56.58% | 56.96% |
| Promoter group | % |
|---|---|
| Veer Enterprises Limited | 16.27% |
| Shree Satyanarayan Investments Company Limited | 15.84% |
| Shree Kumar Bangur | 4.23% |
| Orbit Udyog Pvt Ltd | 3.65% |
| Shashi Bangur | 3.57% |
| The Indra Company Limited | 3.36% |
| The Diamond Company Limited | 3.00% |
| Saurabh Bangur | 2.50% |
| Virendraa Bangur | 1.70% |
| Gold Mohore Investment Co Ltd | 0.98% |
| Kilkotagiri and Thirumbadi Plantations Ltd | 0.76% |
| Saurabh Bangur (HUF) | 0.41% |
| Aaryan Bangur | 0.38% |
| Bharti Bangur | 0.19% |
| Shrivatsa Bangur | 0.09% |
| Public holders above 1% | % |
|---|---|
| Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund | 5.24% |
| Dsp Small Cap Fund | 3.48% |
| Sbi Conservative Hybrid Fund | 2.06% |
| Mukul Mahavir Agrawal | 1.44% |
| Parag Parikh Elss Tax Saver Fund | 1.43% |
| Cd Equifinance Private Limited | 1.12% |
41,152 shareholders. Pledged: 0.00% of promoter shares.
Peers in Paper & Paper Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| JKPAPER | ₹6,689 cr | 20.2x | 1.2x | 5.9% | 8.0% | 12.9% | +3.2% | 1.27% |
| WSTCSTPAPR | ₹5,203 cr | 22.6x | 1.4x | 6.5% | 9.4% | 11.5% | -4.5% | 0.74% |
| SESHAPAPER | ₹1,290 cr | 13.0x | 0.6x | 4.9% | 5.9% | 6.5% | -6.3% | 1.22% |
| ANDHRAPAP | ₹1,279 cr | 46.3x | 0.7x | 1.4% | 2.4% | 4.8% | -6.7% | 1.56% |
| NRAIL | ₹1,122 cr | 18.1x | 1.4x | 7.8% | 10.0% | 9.7% | +6.7% | 0.31% |
| TNPL | ₹899 cr | 3.4x | 0.4x | 11.8% | 6.6% | 10.6% | -3.6% | 2.31% |
| PDMJEPAPER | ₹807 cr | 8.8x | 1.2x | 14.5% | 18.3% | 15.4% | +2.1% | 0.71% |
| EMAMIPAP | ₹685 cr | 7.7x | 1.2x | 14.9% | 14.7% | 12.0% | -6.2% | 2.12% |
| SATIA | ₹625 cr | – | 0.6x | -0.7% | 3.6% | 7.8% | -8.3% | 0.32% |
| KUANTUM | ₹623 cr | 17.3x | 0.5x | 3.0% | 4.9% | 13.8% | -5.8% | 4.18% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Paper and Paper Board | ₹3,937 cr | 92.0% | ₹214 cr | 5.4% |
| Telecommunication Cables | ₹342 cr | 8.0% | ₹24 cr | 7.2% |
| Others | ₹0 cr | 0.0% | ₹-3 cr | -4,293.0% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-08-10 | Dividend | Dividend - Rs 3 Per Share |
| 2025-08-14 | Dividend | Dividend - Rs 5 Per Share |
| 2024-08-06 | Dividend | Annual General Meeting/Dividend - Rs 8 Per Share |
| 2023-08-09 | Dividend | Annual General Meeting/Dividend - Rs 10 Per Share |
| 2022-08-08 | Dividend | Annual General Meeting/Dividend - Rs 6 Per Share |
| 2021-09-15 | Dividend | Annual General Meeting/Dividend - Re 1 Per Share |
| 2020-03-19 | Dividend | Interim Dividend - Rs 5 Per Share |
| 2019-07-22 | Dividend | Annual General Meeting/Dividend - Rs 5 Per Share |
| 2018-08-09 | Dividend | Annual General Meeting/Dividend- Rs 4 Per Share (Date Revised) |
| 2017-08-16 | Dividend | Annual General Meeting/ Dividend -Rs 2.50 Per Share |
| 2016-08-18 | Dividend | Annual General Meeting/Dividend - Re 1/- Per Share |
| 2015-07-16 | Other | Annual General Meeting |
| 2014-07-15 | Dividend | Annual General Meeting /Dividend Re.1/- Per Share |
| 2013-07-15 | Dividend | Annual General Meeting/Dividend Re 1/- Per Share |
| 2012-07-13 | Dividend | Annual General Meeting/Dividend Re 0.20 Per Share |
| 2010-07-15 | Dividend | Dividend-Rs.2/- Per Share |
| 2009-08-13 | Dividend | Dividend-Rs.2/- Per Share |
| 2008-08-13 | Dividend | Dividend - 150% |
| 2007-10-26 | Split | Fv Split Rs.10/- To Rs.2/ |
| 2007-09-13 | Dividend | Dividend-Rs.15/- Per Sh |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacture of Pulp , Paper and Paper Board: Integrated Paper Manufacturing
- Manufacture of Optic Fiber Cable and Optic Fiber: Manufacture of Optic Fiber cable and optic Fiber
| Sector | Commodities |
| Industry | Paper & Paper Products |
| Sub-industry | Paper & Paper Products |
| Symbol | WSTCSTPAPR |
| BSE code | 500444 |
| ISIN | INE976A01021 |
| Face value | ₹2.0 |
| Incorporated | 1955-03-25 |
| Website | www.westcoastpaper.com |
| Plants (India / abroad) | 3 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.