BSE: 500444 | NSE: WSTCSTPAPR | Paper & Paper Products | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that West Coast Paper Mills Ltd is a good quality company.
The key valuation ratios of West Coast Paper Mills Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of West Coast Paper Mills Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 4.7% | 6.5% | 19.8% | 23.5% | 27% | 20.7% | 2.4% | 15.7% | 40.3% | 26.6% | - |
| Value Creation Index ⓘ | -0.7 | -0.5 | 0.4 | 0.7 | 0.9 | 0.5 | -0.8 | 0.1 | 1.9 | 0.9 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 1,648 | 1,700 | 1,769 | 1,710 | 1,979 | 1,982 | 1,368 | 1,985 | 2,810 | 2,623 | 2,516 |
| Sales YoY Gr. | - | 3.1% | 4.1% | -3.3% | 15.7% | 0.2% | -31% | 45.1% | 41.6% | -6.7% | - |
| Adj EPS ⓘ | 5.6 | 5.6 | 19.2 | 33.6 | 45.3 | 40.2 | 1 | 32.6 | 89 | 72.2 | 52.3 |
| YoY Gr. | - | 0% | 244% | 75.3% | 34.9% | -11.4% | -97.5% | 3192.9% | 173% | -18.9% | - |
| BVPS (₹) ⓘ | 90.1 | 77.8 | 96.4 | 126.6 | 166.7 | 195.7 | 196.2 | 227.8 | 310 | 375.1 | 398.1 |
| Adj Net Profit ⓘ | 36.8 | 36.8 | 127 | 222 | 299 | 265 | 6.5 | 215 | 588 | 477 | 345 |
| Cash Flow from Ops. ⓘ | 257 | 98.2 | 434 | 326 | 395 | 544 | 239 | 382 | 695 | 452 | - |
| Debt/CF from Ops. ⓘ | 3.6 | 7.6 | 1 | 1 | 0.9 | 1.4 | 2.7 | 1 | 0.2 | 0.3 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 5.3% | 5.8% | 24.2% | -6.7% | ||||
| Adj EPS ⓘ | 32.9% | 9.8% | 317.8% | -18.9% | ||||
| BVPSⓘ | 17.2% | 17.6% | 24.1% | 21% | ||||
| Share Price | 24.4% | 21.5% | 27.1% | -20% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 6.2 | 6.6 | 21.9 | 30 | 30.8 | 22.1 | 0.5 | 15.4 | 33 | 21.1 | 13.5 |
| Op. Profit Mgn % ⓘ | 14.9 | 14.7 | 19.1 | 21.2 | 26 | 24.3 | 14.5 | 20.4 | 32.2 | 25.1 | 18.7 |
| Net Profit Mgn % ⓘ | 2.2 | 2.2 | 7.2 | 13 | 15.1 | 13.4 | 0.5 | 10.9 | 20.9 | 18.2 | 13.7 |
| Debt to Equity ⓘ | 1.5 | 1.5 | 0.7 | 0.4 | 0.3 | 0.6 | 0.5 | 0.3 | 0.1 | 0.1 | 0 |
| Working Cap Days ⓘ | 157 | 132 | 108 | 116 | 120 | 108 | 128 | 102 | 80 | 95 | 92 |
| Cash Conv. Cycle ⓘ | 63 | 57 | 46 | 47 | 54 | 65 | 84 | 49 | 38 | 60 | 60 |
Sales growth is growing at healthy rate in last 3 years 24.22%
Net Profit is growing at healthy rate in last 3 years 317.78%
Return on Equity has declined versus last 3 years average to 13.50%
Sales growth is not so good in last 4 quarters at -9.58%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 52.3 | 69.4 |
| TTM Sales (₹ Cr.) | 2,516 | 4,120 |
| BVPS (₹.) ⓘ | 398.1 | 518.2 |
| Reserves (₹ Cr.) ⓘ | 2,616 | 3,409 |
| P/BV ⓘ | 1.38 | 1.06 |
| PE ⓘ | 10.54 | 7.93 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 470.35 / 815.00 |
| All Time Low / High (₹) | 5.02 / 815.00 |
| Market Cap (₹ Cr.) | 3,637 |
| Equity (₹ Cr.) | 13.2 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 10.5 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,648 | 1,700 | 1,769 | 1,710 | 1,979 | 1,982 | 1,368 | 1,985 | 2,810 | 2,623 |
| Operating Expenses ⓘ | 1,403 | 1,451 | 1,431 | 1,348 | 1,470 | 1,501 | 1,177 | 1,580 | 1,908 | 1,967 |
| Manufacturing Costs | 504 | 481 | 500 | 515 | 593 | 586 | 443 | 645 | 804 | 749 |
| Material Costs | 759 | 801 | 756 | 654 | 664 | 685 | 517 | 691 | 811 | 896 |
| Employee Cost | 97 | 114 | 118 | 123 | 138 | 160 | 164 | 182 | 200 | 220 |
| Other Costs ⓘ | 42 | 55 | 57 | 56 | 74 | 70 | 54 | 61 | 93 | 102 |
| Operating Profit ⓘ | 246 | 250 | 338 | 362 | 509 | 481 | 191 | 406 | 902 | 656 |
| Operating Profit Margin (%) | 14.9% | 14.7% | 19.1% | 21.2% | 25.7% | 24.3% | 14.0% | 20.4% | 32.1% | 25.0% |
| Other Income ⓘ | 3 | 8 | 5 | 18 | 21 | 48 | 10 | 34 | 46 | 97 |
| Interest ⓘ | 70 | 76 | 54 | 42 | 29 | 72 | 65 | 57 | 29 | 19 |
| Depreciation ⓘ | 122 | 114 | 111 | 116 | 175 | 166 | 153 | 138 | 119 | 109 |
| Exceptional Items ⓘ | -52 | -53 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 5 | 14 | 178 | 223 | 325 | 290 | -18 | 244 | 799 | 624 |
| Tax ⓘ | 4 | 14 | 49 | -1 | 29 | 14 | -20 | 26 | 212 | 148 |
| Profit After Tax | 1 | 0 | 129 | 223 | 296 | 276 | 2 | 218 | 587 | 476 |
| PAT Margin (%) | 0.1% | 0.0% | 7.3% | 13.1% | 15.0% | 13.9% | 0.1% | 11.0% | 20.9% | 18.2% |
| Adjusted EPS (₹) | 0.2 | -0.1 | 19.5 | 33.8 | 44.8 | 41.9 | 0.3 | 33.0 | 88.9 | 72.1 |
| Dividend Payout Ratio (%) | 0% | -1,420% | 13% | 12% | 11% | 12% | 323% | 18% | 11% | 11% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 595 | 514 | 636 | 836 | 1,101 | 1,293 | 1,296 | 1,505 | 2,048 | 2,478 |
| Share Capital ⓘ | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
| Reserves ⓘ | 582 | 501 | 623 | 823 | 1,088 | 1,280 | 1,282 | 1,492 | 2,035 | 2,464 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 697 | 640 | 321 | 254 | 310 | 612 | 482 | 291 | 99 | 98 |
| Long Term Debt | 396 | 419 | 237 | 210 | 151 | 524 | 396 | 225 | 64 | 92 |
| Short Term Debt | 301 | 221 | 84 | 44 | 159 | 88 | 86 | 65 | 35 | 6 |
| Trade Payables | 249 | 199 | 148 | 202 | 180 | 79 | 70 | 109 | 105 | 100 |
| Others Liabilities ⓘ | 383 | 377 | 466 | 366 | 380 | 369 | 423 | 493 | 415 | 498 |
| Total Liabilities ⓘ | 1,925 | 1,731 | 1,572 | 1,658 | 1,970 | 2,352 | 2,270 | 2,397 | 2,667 | 3,173 |
Fixed Assets | ||||||||||
| Gross Block | 2,077 | 2,182 | 2,182 | 2,318 | 2,414 | 2,498 | 2,543 | 2,597 | 2,619 | 2,711 |
| Accumulated Depreciation | 930 | 1,058 | 1,158 | 1,266 | 1,419 | 1,585 | 1,708 | 1,843 | 1,948 | 2,037 |
| Net Fixed Assetsⓘ | 1,147 | 1,124 | 1,024 | 1,052 | 995 | 913 | 835 | 754 | 671 | 674 |
| CWIP ⓘ | 2 | 3 | 6 | 3 | 37 | 55 | 25 | 14 | 25 | 96 |
| Investmentsⓘ | 47 | 1 | 1 | 1 | 223 | 912 | 912 | 1,001 | 1,335 | 1,629 |
| Inventories | 483 | 375 | 283 | 343 | 428 | 324 | 240 | 246 | 311 | 442 |
| Trade Receivables | 125 | 118 | 128 | 119 | 163 | 101 | 126 | 134 | 185 | 195 |
| Cash Equivalents | 13 | 13 | 23 | 10 | 5 | 4 | 8 | 5 | 27 | 15 |
| Others Assetsⓘ | 108 | 97 | 107 | 131 | 120 | 42 | 124 | 243 | 111 | 123 |
| Total Assets ⓘ | 1,925 | 1,731 | 1,572 | 1,658 | 1,970 | 2,352 | 2,270 | 2,397 | 2,667 | 3,173 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 257 | 98 | 434 | 326 | 395 | 544 | 239 | 382 | 695 | 452 |
| PBT ⓘ | 5 | 14 | 178 | 223 | 325 | 290 | -18 | 244 | 799 | 624 |
| Adjustment ⓘ | 240 | 237 | 162 | 152 | 193 | 195 | 218 | 164 | 108 | 34 |
| Changes in Working Capital ⓘ | 64 | -146 | 116 | 4 | -64 | 91 | 39 | 15 | -65 | -89 |
| Tax Paid ⓘ | 0 | -6 | -22 | -52 | -59 | -32 | 0 | -41 | -148 | -117 |
| Cash Flow From Investing Activity ⓘ | -22 | 34 | -39 | -139 | -384 | -771 | -59 | -88 | -371 | -356 |
| Capex | -23 | -30 | -30 | -146 | -162 | -105 | -52 | -22 | -47 | -181 |
| Net Investments | 0 | 46 | -9 | 7 | -221 | 239 | 0 | -89 | -345 | -215 |
| Others ⓘ | 1 | 18 | 1 | 0 | -1 | -904 | -6 | 23 | 21 | 40 |
| Cash Flow From Financing Activityⓘ | -230 | -132 | -394 | -194 | -16 | 225 | -177 | -299 | -311 | -98 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | -197 | -94 | -79 | 433 | -112 | -212 | -211 | 28 |
| Interest Paid ⓘ | -67 | -76 | -52 | -41 | -20 | -57 | -62 | -55 | -25 | -15 |
| Dividend Paid ⓘ | -7 | 0 | -7 | -17 | -26 | -66 | 0 | -7 | -40 | -66 |
| Others ⓘ | -157 | -56 | -139 | -43 | 110 | -84 | -3 | -25 | -36 | -44 |
| Net Cash Flow ⓘ | 4 | -1 | 1 | -7 | -5 | -1 | 4 | -4 | 13 | -2 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 0.19 | -0.08 | 22.34 | 30.32 | 30.57 | 23.1 | 0.16 | 15.58 | 33.05 | 21.05 |
| ROCE (%) | 4.7 | 6.47 | 19.76 | 23.49 | 27 | 20.67 | 2.39 | 15.7 | 40.29 | 26.6 |
| Asset Turnover Ratio | 0.87 | 0.99 | 1.14 | 1.07 | 1.09 | 0.92 | 0.59 | 0.85 | 1.11 | 0.9 |
| PAT to CFO Conversion(x) | 257 | N/A | 3.36 | 1.46 | 1.33 | 1.97 | 119.5 | 1.75 | 1.18 | 0.95 | Working Capital Days |
| Receivable Days | 24 | 25 | 24 | 26 | 26 | 24 | 30 | 24 | 21 | 26 |
| Inventory Days | 101 | 87 | 64 | 66 | 71 | 69 | 75 | 45 | 36 | 52 |
| Payable Days | 122 | 102 | 84 | 98 | 105 | 69 | 52 | 47 | 48 | 42 |
West Coast Paper Mills Limited (WCPM) is one of the oldest and the largest producers of paper for printing, writing, and packaging in India. Established in 1955, the Mill is located at Dandeli in Uttara Kannada district in Karnataka. The global quality paper produced by the company serves the needs of innumerable industries in printing, writing, publishing, stationary, notebooks and packaging sectors in India, in the process contributing to the development of the nation.
The saga of its growth and achievements resulting in the satisfaction of its clients and investors is a testimony to its zealous commitment for creativity and innovation. The state of the art and environment friendly paper manufacturing technologies that have been adopted by it over the years have ensured a sustainable growth of the Company.
The company is committed to stay alert and sensitive to the environmental consequences of its endeavors while persisting on the efforts to better its profits and business interests. It is an environmentally compliant Company that rigorously follows an Eco friendly policy that works towards increasing the green cover of its land and maintaining a sustainable environment for the health and well-being of the current and future generations, particularly of those living in the close vicinity of the Mills.
The company follows Total Quality Management System (TQMS) in order to provide best quality products at optimal price to its customers. The highly coveted awards conferred on it by the reputed agencies, including awards from the National Productivity Council, Government of India, speak for themselves about its constant pursuit of industrial excellence.
The Research and Development wing at the Organization keeps striving tirelessly to bring in innovations in the manufacturing of paper from wood and to improve the production processes. Further, the company’s stringent measures are put in place for pollution control and industrial safety, thereby providing a safe working environment for all employees.
Business area of the company
The company operates in two business segments - Paper / Paperboard (including Duplex Board) at Dandeli and Telecommunication Cables at Mysore, besides having Wind Mills of 1.75 MW capacity in Tamilnadu for power generation.
Products
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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