About
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 Kannur, India.
Key Metrics
as of Sep 2026Market Cap143 Cr
P/E—
Div Yield0.71 %
Book Value₹52.70
52w High₹193.00
52w Low₹133.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 26.49 | 28.50 | 31.45 | 29.92 | 29.01 | 29.06 | 30.88 | 31.09 | 24.99 | 25.30 | 31.79 | 28.31 | 23.64 |
| Expenses | 26.55 | 28.89 | 29.47 | 29.10 | 27.85 | 27.09 | 29.05 | 29.13 | 24.20 | 24.79 | 28.43 | 26.30 | 22.52 |
| Operating Profit | -0.06 | -0.39 | 1.98 | 0.82 | 1.16 | 1.97 | 1.83 | 1.96 | 0.79 | 0.51 | 3.36 | 2.01 | 1.12 |
| OPM % | -0.23 | -1.37 | 6.30 | 2.74 | 4.00 | 6.78 | 5.93 | 6.30 | 3.16 | 2.02 | 10.57 | 7.10 | 4.74 |
| Other Income | 0.52 | 0.41 | 0.06 | 0.28 | 0.10 | 0.10 | 0.28 | 0.13 | 0.14 | 0.14 | 0.06 | 0.23 | 0.12 |
| Depreciation | 0.51 | 0.48 | 0.53 | 0.52 | 0.52 | 0.49 | 0.50 | 0.48 | 0.41 | 0.39 | 0.37 | 0.35 | 0.33 |
| Interest | 0.15 | 0.31 | 0.21 | 0.18 | 0.21 | 0.42 | 0.30 | 0.19 | 0.26 | 0.27 | 0.31 | 0.34 | 0.26 |
| Profit before tax | -0.20 | -0.77 | 1.30 | 0.40 | 0.53 | 1.16 | 1.31 | 1.42 | 0.26 | -0.01 | 2.74 | 1.55 | 0.65 |
| Tax % | 50.00 | 18.18 | 36.15 | 52.50 | 35.85 | 33.62 | 32.82 | 29.58 | 42.31 | 800.00 | 29.93 | 28.39 | 32.31 |
| Net Profit | -0.30 | -0.91 | 0.83 | 0.19 | 0.34 | 0.77 | 0.88 | 1.00 | 0.15 | -0.09 | 1.92 | 1.11 | 0.44 |
| EPS in Rs | -0.35 | -1.07 | 0.98 | 0.22 | 0.40 | 0.91 | 1.04 | 1.18 | 0.18 | -0.11 | 2.26 | 1.31 | 0.61 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 119.00 | 116.00 | 109.00 | 108.00 | 100.00 | 85.00 | 97.00 | 101.00 | 92.00 | 86.00 | 89.00 | 96.00 |
| Expenses | 115.00 | 109.00 | 102.00 | 100.00 | 95.00 | 81.00 | 91.00 | 94.00 | 90.00 | 82.00 | 80.00 | 86.00 |
| Operating Profit | 4.00 | 7.00 | 7.00 | 7.00 | 4.00 | 4.00 | 6.00 | 7.00 | 2.00 | 3.00 | 9.00 | 11.00 |
| OPM % | 3.00 | 6.00 | 7.00 | 7.00 | 4.30 | 4.30 | 6.00 | 7.00 | 2.20 | 3.80 | 10.00 | 11.00 |
| Other Income | 1.00 | 1.00 | 1.00 | 1.00 | 0.00 | 0.00 | 1.00 | 1.00 | 4.00 | 4.00 | 0.00 | 0.00 |
| Interest | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 2.00 | 2.00 | 3.00 | 4.00 | 4.00 | 3.00 | 4.00 |
| Depreciation | 2.00 | 2.00 | 1.00 | 2.00 | 2.00 | 3.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Profit before tax | 1.00 | 4.00 | 5.00 | 5.00 | 1.00 | 0.00 | 2.00 | 2.00 | 0.00 | 1.00 | 3.00 | 5.00 |
| Tax % | 69.00 | 32.00 | 31.00 | 31.00 | 73.00 | 71.00 | 34.00 | 46.00 | -8,600.00 | 91.00 | 28.00 | 33.00 |
| Net Profit | 0.00 | 3.00 | 3.00 | 3.00 | 0.00 | -1.00 | 1.00 | 1.00 | 1.00 | 0.00 | 2.00 | 3.00 |
| EPS in Rs | 0.53 | 3.30 | 3.98 | 4.31 | 0.57 | -0.31 | 1.47 | 1.45 | 1.04 | 0.29 | 2.47 | 3.84 |
| Dividend Payout % | 189.00 | 36.00 | 30.00 | 0.00 | 142.00 | -261.00 | 0.00 | 62.00 | 0.00 | 0.00 | 28.00 | 18.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 |
| Reserves | 36.00 | 37.00 | 35.00 | 33.00 | 30.00 | 31.00 | 31.00 | 31.00 | 29.00 | 29.00 | 28.00 | 27.00 |
| Borrowings | 9.00 | 18.00 | 19.00 | 17.00 | 18.00 | 17.00 | 22.00 | 27.00 | 31.00 | 31.00 | 34.00 | 33.00 |
| Other Liabilities | 17.00 | 16.00 | 13.00 | 11.00 | 10.00 | 13.00 | 13.00 | 15.00 | 15.00 | 22.00 | 17.00 | 22.00 |
| Total Liabilities | 71.00 | 80.00 | 76.00 | 70.00 | 66.00 | 68.00 | 74.00 | 81.00 | 84.00 | 90.00 | 88.00 | 91.00 |
| Fixed Assets | 26.00 | 27.00 | 23.00 | 20.00 | 20.00 | 21.00 | 21.00 | 23.00 | 23.00 | 24.00 | 23.00 | 24.00 |
| CWIP | 1.00 | 0.00 | 4.00 | 3.00 | 1.00 | 0.00 | 0.00 | 0.00 | 1.00 | 1.00 | 3.00 | 0.00 |
| Investments | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 0.00 | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 44.00 | 52.00 | 48.00 | 46.00 | 45.00 | 46.00 | 52.00 | 58.00 | 59.00 | 65.00 | 62.00 | 67.00 |
| Total Assets | 71.00 | 80.00 | 76.00 | 70.00 | 66.00 | 68.00 | 74.00 | 81.00 | 84.00 | 90.00 | 88.00 | 91.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 7.00 | 2.00 | 3.00 | 15.00 | 2.00 | 10.00 | 7.00 | 7.00 | 4.00 | 5.00 | 12.00 | 8.00 |
| Cash from Investing Activity | -2.00 | -2.00 | -5.00 | -3.00 | -1.00 | -2.00 | 0.00 | 0.00 | 2.00 | -1.00 | -4.00 | 0.00 |
| Cash from Financing Activity | -11.00 | -3.00 | 0.00 | -2.00 | -1.00 | -7.00 | -8.00 | -7.00 | -5.00 | -4.00 | -7.00 | -7.00 |
| Net Cash Flow | -6.00 | -2.00 | -3.00 | 10.00 | 0.00 | 1.00 | -2.00 | 0.00 | 0.00 | 0.00 | 1.00 | 0.00 |
| Free Cash Flow | 5.00 | 0.00 | -3.00 | 12.00 | 1.00 | 8.00 | 5.00 | 6.00 | 3.00 | 4.00 | 8.00 | 7.00 |
| CFO/OP % | 229.00 | 35.00 | 65.00 | 212.00 | 63.00 | 270.00 | 132.00 | 108.00 | 209.00 | 194.00 | 145.00 | 85.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 56.00 | 66.00 | 59.00 | 45.00 | 71.00 | 72.00 | 64.00 | 59.00 | 55.00 | 62.00 | 60.00 | 67.00 |
| Inventory Days | 125.00 | 145.00 | 117.00 | 123.00 | 150.00 | 204.00 | 254.00 | 253.00 | 295.00 | 387.00 | 373.00 | 372.00 |
| Days Payable | 55.00 | 51.00 | 40.00 | 27.00 | 37.00 | 56.00 | 49.00 | 48.00 | 50.00 | 70.00 | 63.00 | 64.00 |
| Cash Conversion Cycle | 126.00 | 161.00 | 136.00 | 141.00 | 185.00 | 220.00 | 269.00 | 264.00 | 300.00 | 379.00 | 369.00 | 375.00 |
| Working Capital Days | 59.00 | 56.00 | 54.00 | 53.00 | 99.00 | 120.00 | 114.00 | 100.00 | 102.00 | 58.00 | 71.00 | 70.00 |
| ROCE % | 4.00 | 9.00 | 10.00 | 11.00 | 4.00 | 2.00 | 6.00 | 7.00 | 4.00 | 3.00 | 10.00 | 12.00 |
Corporate Actions
9 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 18 Sep 2025 | 18 Sep 2025 | — | 1.20 | |
| Dividend | 17 Sep 2024 | — | — | 1.20 | |
| Dividend | 22 Sep 2023 | — | — | 1.00 | |
| Dividend | 22 Sep 2022 | — | — | 0.80 | |
| Dividend | 02 Aug 2021 | — | — | 0.80 | |
| Other | 18 Sep 2020 | — | — | — | Annual General Meeting |
| Dividend | 12 Sep 2019 | — | — | 0.90 | |
| Other | 19 Sep 2018 | — | — | — | Annual General Meeting |
| Other | 01 Sep 2017 | — | — | — | Annual General Meeting |
Announcements
5 filingsAnnual Reports
Credit Ratings
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Rating update23 Sep 2025 from care
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Rating update26 Sep 2024 from care
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Rating update3 Oct 2023 from care
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Rating update26 Sep 2022 from care
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Rating update1 Sep 2021 from care
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Rating update21 Sep 2020 from care