Loading…
The Western India Plywoods (WIPL)₹161.19−2.93%Plywood Boards/ Laminates
In the Jun 2026 quarter (consolidated), The Western India Plywoods reported sales of ₹26.50 Cr, down 8.7% from Jun 2025, and net profit of −₹0.31 Cr, down 188.6% year on year. For the year to Mar 2026, sales were ₹119 Cr and net profit ₹0 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 | 28.32 | 31.80 | 25.29 | 25.01 | 31.08 | 30.89 | 29.09 | 29.03 | 29.94 | 31.46 | 28.52 | 26.50 |
| Expenses | 26.21 | 28.34 | 24.73 | 24.13 | 29.07 | 28.95 | 27.01 | 27.79 | 29.02 | 29.37 | 28.82 | 26.47 |
| Operating Profit | 2.00 | 3.35 | 0.50 | 0.78 | 1.95 | 1.82 | 1.96 | 1.15 | 0.81 | 1.97 | −0.38 | −0.05 |
| OPM % | 7.1% | 10.5% | 2.0% | 3.1% | 6.3% | 5.9% | 6.7% | 4.0% | 2.7% | 6.3% | −1.4% | −0.2% |
| Other Income | 0.22 | 0.05 | 0.13 | 0.13 | 0.12 | 0.27 | 0.09 | 0.09 | 0.27 | 0.05 | 0.40 | 0.51 |
| Interest | 0.35 | 0.32 | 0.28 | 0.27 | 0.20 | 0.31 | 0.43 | 0.22 | 0.19 | 0.22 | 0.32 | 0.16 |
| Depreciation | 0.34 | 0.36 | 0.38 | 0.40 | 0.47 | 0.49 | 0.48 | 0.51 | 0.51 | 0.52 | 0.47 | 0.50 |
| Profit before tax | 1.54 | 2.73 | 0.00 | 0.25 | 1.41 | 1.30 | 1.15 | 0.52 | 0.39 | 1.29 | −0.76 | −0.19 |
| Tax % | 28.3% | 29.9% | 799.9% | 42.3% | 29.5% | 32.8% | 33.6% | 35.8% | 52.4% | 36.1% | 18.1% | 50.0% |
| Net Profit | 1.12 | 1.93 | −0.08 | 0.16 | 1.01 | 0.89 | 0.78 | 0.35 | 0.18 | 0.82 | −0.92 | −0.31 |
| EPS (Rs) | 1.32 | 2.27 | −0.12 | 0.19 | 1.19 | 1.05 | 0.92 | 0.41 | 0.23 | 0.99 | −1.08 | −0.36 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 89.07 | 85.95 | 92.07 | 101 | 96.99 | 85.07 | 100 | 108 | 109 | 116 | 119 | 116 |
| Expenses | 79.82 | 81.83 | 89.72 | 93.69 | 90.81 | 80.80 | 94.70 | 99.78 | 102 | 109 | 115 | 114 |
| Operating Profit | 8.97 | 2.99 | 1.99 | 6.97 | 5.98 | 3.98 | 3.99 | 6.97 | 6.98 | 6.97 | 3.98 | 2.35 |
| OPM % | 9.9% | 3.8% | 2.2% | 7.0% | 6.0% | 4.3% | 4.3% | 7.0% | 7.0% | 6.0% | 3.0% | 2.0% |
| Other Income | 0.00 | 3.99 | 3.99 | 0.99 | 0.99 | 0.00 | 0.00 | 0.99 | 0.99 | 0.99 | 0.99 | 1.23 |
| Interest | 3.01 | 4.01 | 4.01 | 3.01 | 2.01 | 2.01 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 0.89 |
| Depreciation | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 2.99 | 1.99 | 1.99 | 0.99 | 1.99 | 1.99 | 2.00 |
| Profit before tax | 2.99 | 0.99 | 0.00 | 1.99 | 1.99 | 0.00 | 0.99 | 4.98 | 4.98 | 3.99 | 0.99 | 0.73 |
| Tax % | 27.9% | 90.9% | −8,600.1% | 45.9% | 33.9% | 70.9% | 72.9% | 30.9% | 30.9% | 31.9% | 68.9% | — |
| Exceptional items | 0.00 | 2.01 | 1.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
| Net Profit | 2.01 | 0.00 | 1.01 | 1.01 | 1.01 | −1.01 | 0.00 | 3.01 | 2.99 | 3.01 | 0.00 | −0.23 |
| EPS (Rs) | 2.48 | 0.30 | 1.05 | 1.46 | 1.48 | −0.32 | 0.58 | 4.32 | 3.99 | 3.31 | 0.54 | −0.22 |
| Dividend payout % | 28.0% | 0.0% | 0.0% | 62.0% | 0.0% | −261.0% | 142.0% | 0.0% | 30.0% | 36.1% | 189.1% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 7.99 | 7.99 | 7.99 | 7.99 | 7.98 | 7.99 | 7.99 | 7.99 | 7.99 | 7.99 | 7.99 | 7.99 |
| Reserves | 27.02 | 28.02 | 29.03 | 29.01 | 31.01 | 30.99 | 31.02 | 30.00 | 33.02 | 35.01 | 36.99 | 36.01 |
| Borrowings | 32.88 | 33.85 | 30.90 | 30.88 | 26.89 | 21.91 | 16.94 | 17.93 | 16.93 | 18.91 | 17.93 | 8.96 |
| Other Liabilities | 22.03 | 17.01 | 22.03 | 14.99 | 14.99 | 13.06 | 12.98 | 9.95 | 10.96 | 12.98 | 16.02 | 16.92 |
| Total Liabilities | 90.92 | 87.87 | 89.95 | 83.87 | 80.87 | 73.95 | 67.93 | 65.87 | 69.90 | 75.89 | 79.93 | 70.88 |
| Fixed Assets | 23.98 | 22.97 | 23.98 | 22.96 | 22.96 | 20.98 | 20.98 | 19.97 | 19.98 | 22.98 | 26.96 | 25.96 |
| CWIP | 0.00 | 2.99 | 0.99 | 0.99 | 0.00 | 0.00 | 0.00 | 0.99 | 2.99 | 3.99 | 0.00 | 0.99 |
| Investments | 0.00 | 0.00 | 0.00 | 1.01 | 0.99 | 0.00 | 0.99 | 0.99 | 1.01 | 0.99 | 1.01 | 0.99 |
| Other Assets | 66.94 | 61.91 | 64.98 | 58.91 | 57.92 | 51.97 | 45.96 | 44.92 | 45.92 | 47.93 | 51.96 | 43.94 |
| Inventories | 40.70 | 38.24 | 38.30 | 33.42 | 29.99 | 26.75 | 19.80 | 16.62 | 14.55 | 13.63 | 16.60 | 16.70 |
| Trade receivables | 17.76 | 14.53 | 14.41 | 14.00 | 16.48 | 16.98 | 16.69 | 19.52 | 13.36 | 17.64 | 21.07 | 18.10 |
| Cash & equivalents | 4.68 | 5.38 | 5.29 | 5.62 | 5.50 | 3.28 | 3.70 | 3.58 | 13.53 | 10.63 | 8.90 | 2.96 |
| Total Assets | 90.92 | 87.87 | 89.95 | 83.87 | 80.87 | 73.95 | 67.93 | 65.87 | 69.90 | 75.89 | 79.93 | 70.88 |
| Mar 2015 | 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 | 7.97 | 11.97 | 4.98 | 3.99 | 6.98 | 6.98 | 9.97 | 1.99 | 14.95 | 2.99 | 1.99 | 6.98 |
| Cash from investing activity | 0.00 | −3.99 | −0.99 | 1.99 | 0.00 | 0.00 | −1.99 | −0.99 | −2.99 | −4.98 | −1.99 | −1.99 |
| Cash from financing activity | −7.01 | −7.02 | −4.01 | −5.01 | −7.01 | −8.01 | −7.01 | −1.01 | −2.01 | 0.00 | −3.01 | −11.03 |
| Net cash flow | 0.00 | 1.01 | 0.00 | 0.00 | 0.00 | −2.01 | 1.01 | 0.00 | 10.01 | −3.01 | −2.01 | −6.01 |
| Capex | 0.35 | 0.12 | 1.33 | 1.93 | 0.66 | 1.53 | 1.98 | 1.53 | 3.24 | 5.73 | 1.64 | 1.85 |
| Free cash flow | 7.01 | 8.01 | 4.01 | 3.01 | 6.01 | 5.01 | 8.01 | 1.01 | 12.01 | −3.01 | 0.00 | 5.01 |
| CFO / OP % | 85.1% | 145.1% | 194.0% | 209.1% | 108.1% | 132.1% | 270.1% | 63.1% | 212.1% | 65.1% | 35.1% | 229.1% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 67 | 60 | 62 | 55 | 59 | 64 | 72 | 71 | 45 | 59 | 66 | 56 |
| Inventory days | 371 | 372 | 386 | 294 | 252 | 253 | 203 | 149 | 122 | 116 | 144 | 124 |
| Days payable | 65 | 64 | 71 | 51 | 49 | 50 | 57 | 38 | 28 | 41 | 52 | 56 |
| Cash conversion cycle | 374 | 368 | 378 | 299 | 263 | 268 | 219 | 184 | 140 | 135 | 160 | 125 |
| Working capital days | 70 | 71 | 58 | 102 | 100 | 114 | 120 | 99 | 53 | 54 | 56 | 59 |
| ROCE % | 12.1% | 10.1% | 3.0% | 4.0% | 7.0% | 6.0% | 2.0% | 4.0% | 11.1% | 10.0% | 9.1% | 4.0% |
For the Jun 2026 quarter, The Western India Plywoods reported sales of ₹26.50 Cr, down 8.7% year on year and net profit of −₹0.31 Cr, down 188.6% year on year. The operating margin was −0.2%.
The Western India Plywoods' sales for the year to Mar 2026 were ₹119 Cr; over the last twelve months they were ₹116 Cr.
Net profit for the year to Mar 2026 was ₹0 Cr, and −₹0.23 Cr over the last twelve months. Earnings per share over the same trailing period were ₹−0.22.
The Western India Plywoods reported borrowings of ₹8.96 Cr at Mar 2026, against cash and equivalents of ₹2.96 Cr.
Cash from operations was ₹6.98 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹5.01 Cr.