West Coast Paper Mills (WSTCSTPAPR)₹704.30−7.13%Paper & Paper Products
In the Jun 2026 quarter (consolidated), West Coast Paper Mills reported sales of ₹1,051 Cr, up 10.0% from Jun 2025, and net profit of ₹142 Cr, up 136.5% year on year. For the year to Mar 2026, sales were ₹4,279 Cr and net profit ₹156 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 | 1,195 | 1,046 | 1,071 | 960 | 1,045 | 1,017 | 1,042 | 956 | 1,044 | 1,037 | 1,245 | 1,051 |
| Expenses | 883 | 828 | 900 | 785 | 903 | 933 | 961 | 844 | 975 | 960 | 1,089 | 848 |
| Operating Profit | 311 | 218 | 171 | 177 | 142 | 83.16 | 81.17 | 110 | 68.21 | 77.20 | 157 | 204 |
| OPM % | 25.9% | 20.9% | 16.0% | 17.9% | 13.9% | 8.0% | 7.9% | 11.9% | 7.0% | 7.0% | 12.9% | 18.9% |
| Other Income | 34.99 | 40.95 | 58.92 | 41.98 | 53.95 | 68.90 | 44.94 | 44.95 | 22.99 | 44.96 | 2.99 | 44.95 |
| Interest | 6.02 | 6.02 | 6.02 | 7.03 | 8.02 | 10.03 | 13.04 | 11.03 | 10.04 | 11.03 | 10.03 | 8.02 |
| Depreciation | 46.15 | 46.14 | 49.16 | 47.16 | 53.19 | 53.21 | 57.16 | 58.21 | 62.24 | 63.22 | 65.25 | 59.23 |
| Profit before tax | 293 | 207 | 174 | 163 | 135 | 88.74 | 55.83 | 85.77 | 18.96 | 46.90 | 84.80 | 181 |
| Tax % | 26.0% | 23.0% | 25.0% | 26.1% | 26.0% | 24.0% | 18.0% | 30.0% | 37.0% | 37.1% | 36.0% | 22.1% |
| Net Profit | 219 | 159 | 130 | 122 | 101 | 67.06 | 46.09 | 60.13 | 12.01 | 30.04 | 54.08 | 142 |
| EPS (Rs) | 28.86 | 20.59 | 18.13 | 17.23 | 13.50 | 9.71 | 6.67 | 8.22 | 2.64 | 4.06 | 7.84 | 20.22 |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,711 | 1,981 | 2,495 | 2,246 | 3,379 | 4,921 | 4,454 | 4,064 | 4,279 | 4,377 |
| Expenses | 1,347 | 1,468 | 1,875 | 1,985 | 2,742 | 3,276 | 3,354 | 3,568 | 3,867 | 3,871 |
| Operating Profit | 363 | 512 | 619 | 262 | 640 | 1,651 | 1,098 | 495 | 415 | 506 |
| OPM % | 21.0% | 25.9% | 24.9% | 11.9% | 18.9% | 32.9% | 25.0% | 11.9% | 9.9% | 11.6% |
| Other Income | 17.99 | 19.98 | 51.93 | 11.99 | 53.98 | 57.94 | 167 | 198 | 114 | 116 |
| Interest | 42.14 | 29.09 | 75.24 | 70.23 | 59.23 | 37.10 | 24.08 | 38.11 | 42.13 | 39.12 |
| Depreciation | 116 | 177 | 199 | 230 | 214 | 190 | 186 | 211 | 249 | 250 |
| Profit before tax | 221 | 325 | 396 | −25.91 | 419 | 1,474 | 1,050 | 443 | 236 | 331 |
| Tax % | 0.0% | 9.0% | −2.0% | −83.0% | 18.0% | 26.0% | 25.0% | 24.0% | 34.0% | — |
| Exceptional items | 1.99 | 0.99 | −0.99 | −8.99 | −2.99 | −14.01 | −1.99 | −8.99 | 0.00 | — |
| Net Profit | 223 | 297 | 407 | −4.01 | 347 | 1,089 | 787 | 337 | 156 | 238 |
| EPS (Rs) | 33.80 | 44.78 | 56.07 | −0.48 | 46.52 | 142.70 | 104.73 | 47.12 | 22.79 | 34.76 |
| Dividend payout % | 12.1% | 11.1% | 9.1% | −212.9% | 13.1% | 7.1% | 8.1% | 11.1% | 13.1% | — |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 12.95 | 12.96 | 12.94 | 12.96 | 12.94 | 12.96 | 12.96 | 12.95 | 12.95 |
| Reserves | 825 | 1,089 | 1,374 | 1,374 | 1,671 | 2,566 | 3,223 | 3,473 | 3,589 |
| Borrowings | 315 | 360 | 752 | 662 | 478 | 231 | 276 | 455 | 345 |
| Other Liabilities | 435 | 455 | 1,043 | 1,017 | 1,095 | 1,364 | 1,607 | 1,571 | 1,506 |
| Total Liabilities | 1,588 | 1,918 | 3,182 | 3,066 | 3,257 | 4,173 | 5,119 | 5,512 | 5,453 |
| Fixed Assets | 1,033 | 989 | 2,017 | 1,870 | 1,755 | 1,657 | 1,881 | 2,122 | 2,178 |
| CWIP | 3.01 | 37.07 | 57.09 | 34.06 | 22.05 | 55.08 | 210 | 172 | 291 |
| Investments | 1.01 | 224 | 45.06 | 221 | 473 | 1,312 | 1,733 | 1,607 | 1,494 |
| Other Assets | 551 | 668 | 1,064 | 941 | 1,008 | 1,149 | 1,295 | 1,611 | 1,490 |
| Inventories | 344 | 428 | 549 | 413 | 396 | 492 | 683 | 872 | 807 |
| Trade receivables | 119 | 163 | 142 | 204 | 243 | 332 | 258 | 351 | 388 |
| Cash & equivalents | 10.03 | 10.02 | 175 | 91.17 | 60.14 | 75.21 | 43.07 | 33.11 | 38.07 |
| Total Assets | 1,588 | 1,918 | 3,182 | 3,066 | 3,257 | 4,173 | 5,119 | 5,512 | 5,453 |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 327 | 395 | 650 | 338 | 592 | 1,240 | 765 | 99.16 | 401 |
| Cash from investing activity | −139 | −381 | −855 | −165 | −288 | −891 | −712 | −172 | −187 |
| Cash from financing activity | −194 | −11.98 | 217 | −167 | −294 | −333 | −60.87 | 71.89 | −206 |
| Net cash flow | −6.02 | −1.01 | 9.03 | 5.02 | 7.03 | 10.04 | −11.04 | 0.00 | 7.03 |
| Capex | 149 | 171 | 116 | 74.05 | 63.04 | 163 | 525 | 450 | 381 |
| Free cash flow | 180 | 226 | 538 | 266 | 529 | 1,080 | 241 | −351 | 19.05 |
| CFO / OP % | 104.1% | 89.1% | 113.1% | 129.1% | 108.1% | 95.1% | 93.0% | 38.0% | 108.1% |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 25 | 30 | 21 | 33 | 26 | 25 | 21 | 31 | 33 |
| Inventory days | 136 | 158 | 166 | 127 | 84 | 87 | 116 | 135 | 112 |
| Days payable | 81 | 67 | 63 | 64 | 59 | 54 | 56 | 52 | 37 |
| Cash conversion cycle | 82 | 123 | 124 | 98 | 52 | 58 | 81 | 115 | 109 |
| Working capital days | 24 | 18 | 18 | 7 | 11 | 13 | 21 | 50 | 52 |
| ROCE % | — | 27.0% | 24.0% | 2.0% | 20.0% | 53.0% | 29.0% | 11.0% | 6.0% |
For the Jun 2026 quarter, West Coast Paper Mills reported sales of ₹1,051 Cr, up 10.0% year on year and net profit of ₹142 Cr, up 136.5% year on year. The operating margin was 18.9%.
West Coast Paper Mills' sales for the year to Mar 2026 were ₹4,279 Cr; over the last twelve months they were ₹4,377 Cr.
Net profit for the year to Mar 2026 was ₹156 Cr, and ₹238 Cr over the last twelve months. Earnings per share over the same trailing period were ₹34.76.
West Coast Paper Mills reported borrowings of ₹345 Cr at Mar 2026, against cash and equivalents of ₹38.07 Cr.
Cash from operations was ₹401 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹19.05 Cr.