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The Western India Plywoods (WIPL) is loss-making over the last 12 months, losing ₹0.19 Cr, so a P/E ratio does not apply. Its share price on 6 Nov 2026 was ₹155.33, 14% below its 52-week high. Sales grew 3.3% a year over 3 years. Its dividend yield is 0.6%, and debt is 0.21× equity. It is a small-cap company with a market cap of ₹132 Cr, ranked 8th of 12 Lumber & Wood Production companies by market cap; the shares fell 6.5% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹153.20
Day high
₹159.80
Day low
₹153.20
Prev. close
₹160.00
Volume
524

Health check

2 fair · 4 to check
  • ReturnsIn line

    −6.5% over a year, better than 4 of 7 peers.

  • Price tagLoss-making

    Earnings were negative over the last 12 months.

  • GrowthUnder pressure

    Sales +3.3%, profit −41.6% a year over 3 years, but loss-making now.

  • ProfitabilityWeak

    ROCE 4.4% vs peer median 10.9%.

  • Balance sheetFair

    Debt 0.21× equity, interest covered 2.8×, Piotroski 6 of 9.

  • Red flags5 to check

    Loss-making over the last twelve months.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Lumber & Wood Production

11 listed peers. Screen the industry

Small cap

₹132 Cr, #8 of 12 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Jun 2026: sales ₹116 Cr · profit ₹−0 Cr
Market cap
₹132 Cr
Small cap
P/E
913.7
Industry 44.0
Price to book
3.85
Peers 3.43
Dividend yield
0.64%
ROE
1.6%
Peers 4.9%
ROCE
4.4%
Peers 10.9%
Debt to equity
0.21
Debt ₹9.26 Cr
EPS (TTM)
₹0.17
Face value ₹10
OPM (TTM)
2.0%
Net margin −0.2%
Sales growth
−8.7%
Latest quarter vs a year ago
Profit growth
−188.2%
Latest quarter vs a year ago
Price to sales
1.13
EV/EBITDA 69.7

Strengths and risks

Strengths

  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • Loss-making over the last twelve months.
  • Return on equity is low at 1.6%.
  • Quarterly profit down 188.2% on a year ago.
  • Quarterly sales down 8.7% on a year ago.
  • Promoter stake down from 40.9% to 37.9%.

Derived automatically from reported figures. Not a recommendation.

About The Western India Plywoods

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;…

Headquarters
Kannur
Employees
191
Sector
Basic Materials
ISIN
INE215F01023
Website
wipltd.in

Price range

52 weeks

₹133.10₹179.89

Today

₹153.20₹159.80
Avg volume (3M)
2.1K
1-year return
minus 6.5%
From 52-week high
minus 13.7%

Peers · Lumber & Wood Production

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
CENTURYPLYCentury Plyboards (India)639.25minus 1.63%14,20244.023.013.9%12.4%0.6714.0%minus 14.3%
GREENLAMGreenlam Industries203.70minus 3.51%5,19755.818.69.2%11.4%0.9814.8%minus 20.4%
GREENPLYGreenply Industries266.30plus 0.36%3,32626.514.112.5%10.0%0.6518.2%minus 10.9%
GREENPANELGreenpanel Industries142.38plus 0.27%1,746143.816.6−1.5%8.1%0.24−5.5%minus 49.2%
IWPThe Indian Wood Products Company34.20plus 1.91%21936.8––6.2%0.19–plus 1.2%
ECOBOAREcoboard Industries59.40minus 2.51%192––−41.3%−28.1%0.34−14.8%plus 74.1%
ARCHIDPLYArchidply Industries92.63plus 0.28%18514.18.415.1%6.7%1.6316.8%minus 4.9%
WIPLThe Western India Plywoods155.33minus 2.92%132913.737.24.4%2.0%0.213.3%minus 6.5%
Median of 7 peers–0.27%1,74640.416.610.9%8.1%0.6514.4%−10.9%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
2929.931.528.526.5
27.929.129.528.926.6
1.20.82−0.4−0.1
4.0%2.7%6.3%−1.4%−0.2%
0.10.30.10.40.5
0.20.20.20.30.2
0.50.50.50.50.5
0.50.41.3−0.8−0.2
35.8%52.5%36.2%−18.2%−50.0%
0.30.20.8−0.9−0.3
0.400.251.03-0.82-0.29

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+3.3%
Profit CAGR 3Y
−41.6%
EPS CAGR 3Y
−41.6%
ROE
1.6%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
107109116119
–+1.1%+6.5%+2.5%
100101109115
7.57.16.63.8
7.0%6.6%5.7%3.2%
0.50.30.40.5
1.2110.8
1.61.41.92
–––0
5.14.94.21.5
31.2%31.5%32.4%68.9%
3.73.42.80.7
–minus 7.7%minus 17.1%minus 74.0%
4.313.983.300.86

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
8.58.58.58.5
32.734.836.836.3
17.218.918.39.3
11.413.51617.1
69.975.679.771.1
19.824.424.224
2.94.100.8
0.80.810.8
12.810.27.91.6
33.436.146.543.9
69.975.679.771.1

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
15.131.96.6
−2.9−5.1−1.8−2.4
−2.4−0.4−2.5−10.7
9.8−2.5−2.4−6.4
−3.3−5.8−1.7−1.9
11.9−2.70.24.8
−0.7−0.8−0.8−0.7

Shareholding pattern

Source: NSE filings
37.9%
promoters
  • Promoters37.88%
  • Public62.12%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202637.88%62.12%0.00
30 Jun 202637.88%62.12%plus 0.82
31 Mar 202637.06%62.94%minus 2.31
31 Dec 202539.37%60.63%minus 1.50
30 Sep 202540.87%59.13%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you