The Indian Wood Products Company (IWP)₹36.52−1.91%Forest Products
In the Jun 2026 quarter (consolidated), The Indian Wood Products Company reported sales of ₹65.03 Cr, up 26.9% from Jun 2025, and net profit of ₹2.50 Cr, up 119.3% year on year. For the year to Mar 2026, sales were ₹228 Cr and net profit ₹4.99 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 48.29 | 44.36 | 48.42 | 56.23 | 59.84 | 54.84 | 54.32 | 51.26 | 55.12 | 53.15 | 68.30 | 65.03 |
| Expenses | 45.27 | 41.07 | 44.36 | 51.91 | 55.99 | 51.02 | 50.67 | 47.33 | 51.22 | 49.25 | 65.62 | 61.16 |
| Operating Profit | 3.08 | 3.34 | 4.14 | 4.34 | 3.88 | 3.89 | 3.69 | 3.96 | 3.94 | 3.97 | 2.70 | 3.84 |
| OPM % | 6.4% | 7.5% | 8.5% | 7.7% | 6.4% | 7.1% | 6.8% | 7.7% | 7.1% | 7.4% | 3.9% | 5.9% |
| Other Income | 0.55 | 0.27 | 0.56 | 0.29 | 0.88 | 0.47 | 0.54 | 0.44 | 1.39 | 0.05 | 0.47 | 1.45 |
| Interest | 2.11 | 2.02 | 2.21 | 2.30 | 1.89 | 1.83 | 1.85 | 1.90 | 1.69 | 1.50 | 1.43 | 1.27 |
| Depreciation | 0.76 | 0.76 | 0.88 | 0.79 | 0.79 | 0.94 | 0.77 | 1.05 | 1.05 | 1.05 | 0.66 | 0.94 |
| Profit before tax | 0.73 | 0.80 | 1.58 | 1.51 | 2.07 | 1.56 | 1.58 | 1.42 | 2.56 | 1.46 | 1.07 | 3.05 |
| Tax % | 11.2% | 21.6% | 10.9% | 16.0% | 4.9% | 20.7% | 45.9% | 17.8% | 10.3% | 30.4% | 88.8% | 17.5% |
| Net Profit | 0.63 | 0.61 | 1.39 | 1.25 | 1.95 | 1.22 | 0.84 | 1.14 | 2.27 | 0.99 | 0.11 | 2.50 |
| EPS (Rs) | 0.11 | 0.11 | 0.23 | 0.21 | 0.32 | 0.20 | 0.14 | 0.19 | 0.37 | 0.17 | 0.03 | 0.40 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 119 | 179 | 215 | 199 | 194 | 156 | 178 | 182 | 191 | 225 | 228 | 242 |
| Expenses | 111 | 156 | 184 | 168 | 175 | 147 | 169 | 171 | 177 | 210 | 212 | 227 |
| Operating Profit | 8.01 | 23.03 | 31.04 | 32.04 | 20.04 | 11.01 | 9.01 | 10.01 | 14.03 | 16.02 | 15.02 | 14.45 |
| OPM % | 7.0% | 13.1% | 14.1% | 16.0% | 10.0% | 7.0% | 5.0% | 6.0% | 7.0% | 7.0% | 7.0% | 6.0% |
| Other Income | 0.00 | 0.00 | 3.01 | 0.99 | 0.00 | 1.99 | 1.01 | 1.99 | 2.01 | 2.01 | 1.99 | 3.36 |
| Interest | 1.99 | 2.99 | 5.99 | 4.99 | 6.99 | 6.99 | 6.99 | 6.99 | 7.99 | 7.99 | 6.99 | 5.89 |
| Depreciation | 0.99 | 1.99 | 2.99 | 2.99 | 3.99 | 3.99 | 3.99 | 2.99 | 2.99 | 2.99 | 3.99 | 3.70 |
| Profit before tax | 5.01 | 18.05 | 25.07 | 25.05 | 10.02 | 2.01 | −1.01 | 2.01 | 4.01 | 7.01 | 6.02 | 8.14 |
| Tax % | 24.1% | 37.0% | 37.1% | 32.1% | 29.1% | 8.1% | −19.0% | 19.0% | 15.1% | 21.0% | 30.1% | — |
| Exceptional items | 0.00 | −0.18 | 1.42 | 0.00 | −0.02 | −0.02 | 0.00 | −0.05 | −0.06 | 0.10 | 0.02 | — |
| Net Profit | 3.99 | 10.98 | 15.99 | 16.99 | 6.99 | 1.99 | −0.99 | 1.99 | 3.99 | 4.99 | 4.99 | 5.87 |
| EPS (Rs) | 2.31 | 1.80 | 2.49 | 2.66 | 1.09 | 0.34 | −0.10 | 0.30 | 0.58 | 0.84 | 0.72 | 0.97 |
| Dividend payout % | 5.0% | 3.0% | 5.0% | 8.0% | 0.0% | 31.0% | −55.0% | 17.1% | 17.0% | 18.1% | 28.1% | — |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2.00 | 5.99 | 5.99 | 12.98 | 12.96 | 12.97 | 12.97 | 12.98 | 12.97 | 12.96 | 12.97 |
| Reserves | 22.03 | 309 | 325 | 333 | 337 | 338 | 337 | 340 | 341 | 346 | 349 |
| Borrowings | 17.97 | 45.90 | 40.93 | 56.88 | 71.80 | 69.80 | 76.79 | 78.80 | 77.76 | 79.78 | 67.83 |
| Other Liabilities | 17.92 | 119 | 118 | 94.54 | 101 | 104 | 107 | 97.53 | 99.52 | 102 | 96.53 |
| Total Liabilities | 59.92 | 481 | 489 | 496 | 522 | 526 | 535 | 529 | 531 | 540 | 527 |
| Fixed Assets | 12.96 | 373 | 378 | 381 | 385 | 389 | 386 | 384 | 381 | 384 | 385 |
| CWIP | 0.00 | 1.01 | 2.01 | 2.01 | 10.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 2.99 | 5.98 | 4.98 | 4.98 | 6.97 | 6.97 | 7.97 | 8.96 | 9.96 | 10.95 |
| Other Assets | 45.96 | 104 | 104 | 108 | 122 | 129 | 141 | 137 | 142 | 147 | 131 |
| Inventories | 18.72 | 46.25 | 49.86 | 47.35 | 49.22 | 58.22 | 61.35 | 61.96 | 67.35 | 69.33 | 49.47 |
| Trade receivables | 17.51 | 40.63 | 36.63 | 37.39 | 50.85 | 42.79 | 50.74 | 44.13 | 49.74 | 48.22 | 46.61 |
| Cash & equivalents | 3.95 | 3.17 | 7.83 | 5.43 | 0.64 | 1.62 | 0.53 | 4.32 | 1.90 | 2.62 | 1.13 |
| Total Assets | 59.92 | 481 | 489 | 496 | 522 | 526 | 535 | 529 | 531 | 540 | 527 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 3.99 | −13.95 | 26.92 | −5.98 | −5.98 | 17.94 | 2.99 | 11.96 | 9.96 | 13.96 | 23.92 |
| Cash from investing activity | −4.01 | −12.04 | −11.04 | −7.02 | −5.01 | −4.01 | −3.01 | −3.01 | −2.01 | −5.02 | −5.01 |
| Cash from financing activity | 0.00 | 25.08 | −11.04 | 10.03 | 6.02 | −13.04 | 0.00 | −5.01 | −10.03 | −8.02 | −20.05 |
| Net cash flow | 0.00 | −1.01 | 5.01 | −2.01 | −5.01 | 1.01 | −1.01 | 4.01 | −2.01 | 1.01 | −1.01 |
| Capex | 4.03 | 8.71 | 8.36 | 6.64 | 5.05 | 1.80 | 2.89 | 2.80 | 1.25 | 3.25 | 4.33 |
| Free cash flow | 0.00 | −23.04 | 18.01 | −12.03 | −11.01 | 16.03 | 0.00 | 9.02 | 9.02 | 11.01 | 19.04 |
| CFO / OP % | 64.0% | −51.0% | 114.0% | 15.0% | 2.0% | 162.0% | 38.0% | 116.0% | 78.0% | 98.0% | 166.0% |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 54 | 82 | 62 | 68 | 95 | 99 | 104 | 88 | 95 | 78 | 74 |
| Inventory days | 98 | 163 | 146 | 157 | 159 | 234 | 197 | 200 | 212 | 177 | 123 |
| Days payable | 70 | 118 | 94 | 27 | 43 | 70 | 62 | 48 | 44 | 42 | 37 |
| Cash conversion cycle | 81 | 127 | 114 | 198 | 212 | 263 | 239 | 241 | 262 | 214 | 160 |
| Working capital days | 33 | 37 | 30 | 49 | 55 | 84 | 84 | 73 | 78 | 64 | 68 |
| ROCE % | — | 11.1% | 8.1% | 8.1% | 4.0% | 2.0% | 1.0% | 2.0% | 3.0% | 3.0% | 3.0% |
For the Jun 2026 quarter, The Indian Wood Products Company reported sales of ₹65.03 Cr, up 26.9% year on year and net profit of ₹2.50 Cr, up 119.3% year on year. The operating margin was 5.9%.
The Indian Wood Products Company's sales for the year to Mar 2026 were ₹228 Cr; over the last twelve months they were ₹242 Cr.
Net profit for the year to Mar 2026 was ₹4.99 Cr, and ₹5.87 Cr over the last twelve months. Earnings per share over the same trailing period were ₹0.97.
The Indian Wood Products Company reported borrowings of ₹67.83 Cr at Mar 2026, against cash and equivalents of ₹1.13 Cr.
Cash from operations was ₹23.92 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹19.04 Cr.