W I Plywoods

Why is Western India Plywoods Ltd falling/rising?

As of 24-Jun, the stock price of Western India Plywoods Ltd is stable at 171.99, with a notable upward trend over the past week and month, but concerns about declining investor participation and financial performance may affect future growth. Despite strong historical returns, low ROCE and reduced promoter confidence suggest potential overvaluation and caution moving forward.

As of 24-Jun, the stock price of Western India Plywoods Ltd is currently stable at 171.99, showing no change (0.00%). However, the stock has demonstrated a significant upward trend over various periods, with a 10.83% increase over the past week and a 20.38% increase over the past month, indicating strong short-term performance. Year-to-date, the stock has risen by 18.08%, contrasting sharply with the Sensex, which has declined by 8.07% during the same period. Over the last three years, the stock has appreciated by 64.58%, significantly outperforming the Sensex's 28.70% increase.<BR><BR>Despite these positive returns, there are underlying factors that may contribute to a cautious outlook. The stock has experienced a decline in investor participation, with delivery volume falling by 7.28% compared to the five-day average. Additionally, the company's financial performance has raised concerns, as evidenced by negative results reported in March, including a substantial drop in profit before tax and profit after tax. The return on capital employed (ROCE) is notably low at 4.39%, which, combined with a high enterprise value to capital employed ratio, suggests that the stock may be overvalued compared to its peers.<BR><BR>Moreover, there is a reduction in promoter confidence, with a decrease in their stake by 2.31% in the last quarter, which could indicate a lack of faith in the company's future prospects. While the stock has shown consistent returns over the last three years and has outperformed the BSE500, the combination of declining financial metrics and reduced promoter confidence may temper the stock's upward momentum moving forward.

Which are the latest news on W I Plywoods?

Should I buy, sell or hold Western India Plywoods Ltd?

How big is W I Plywoods?

As of 10th June, Western India Plywoods Ltd has a market capitalization of 126.00 Cr, with recent net sales of 118.88 Cr and a net profit of 0.45 Cr. The balance sheet for March 2025 shows shareholder's funds of 45.33 Cr and total assets of 79.69 Cr.

As of 10th June, Western India Plywoods Ltd has a market capitalization of 126.00 Cr, classified as a Micro Cap.<BR><BR>For the latest four quarters, the company reported Net Sales of 118.88 Cr and a Net Profit of 0.45 Cr.<BR><BR>The latest annual period for the balance sheet is March 2025, showing Shareholder's Funds of 45.33 Cr and Total Assets of 79.69 Cr.

Who are in the management team of W I Plywoods?

The management team of W I Plywoods includes P K Mayan Mohammed (Managing Director), R Balakrishnan (CFO & Company Secretary), T Balakrishnan (Chairman & Independent Director), Pushya Sitaraman (Independent Director), Parthasarathi Thiruvengadam (Director), Prasanth Ragunathan (Nominee), and Radha Unni (Director).

The management team of W I Plywoods includes the following members:<BR><BR>1. **P K Mayan Mohammed** - Managing Director<BR>2. **R Balakrishnan** - Chief Finance Officer & Company Secretary<BR>3. **T Balakrishnan** - Chairman & Independent Director<BR>4. **Pushya Sitaraman** - Independent Director<BR>5. **Parthasarathi Thiruvengadam** - Director<BR>6. **Prasanth Ragunathan** - Nominee<BR>7. **Radha Unni** - Director<BR><BR>If you need more specific details about their roles or backgrounds, feel free to ask!

Who are the peers of the W I Plywoods?

W I Plywoods' peers include Archidply Inds., Airo Lam, Sylvan Plyboard, Milton Industri., Naman Industries, Archidply Decor, Duroply Indust., and Ecoboard Inds. W I Plywoods has average management risk and capital structure, with a 1-year return of 0.19%, better than Naman Industries but lower than Milton Industri.'s 33.88%.

Peers: The peers of W I Plywoods are Archidply Inds., Airo Lam, Sylvan Plyboard, Milton Industri., Naman Industries, Archidply Decor, Duroply Indust., and Ecoboard Inds.<BR><BR>Quality Snapshot: Below Average management risk is observed at Archidply Inds., Airo Lam, Naman Industries, Archidply Decor, Duroply Indust., and Ecoboard Inds., while Average management risk is found at W I Plywoods, Sylvan Plyboard, and Milton Industri. Growth is rated as Good at Duroply Indust., Below Average at Archidply Inds., Airo Lam, W I Plywoods, Sylvan Plyboard, Milton Industri., Naman Industries, Archidply Decor, and Ecoboard Inds., and the rest have Below Average growth. Capital Structure is Average at W I Plywoods, while Below Average is noted for Archidply Inds., Airo Lam, Sylvan Plyboard, Milton Industri., Naman Industries, Archidply Decor, Duroply Indust., and Ecoboard Inds.<BR><BR>Return Snapshot: Milton Industri. has the highest 1-year return at 33.88%, while Naman Industries has the lowest at -60.46%. W I Plywoods' 1-year return of 0.19% is better than Naman Industries but lower than Milton Industri. Additionally, several peers, including Airo Lam, Sylvan Plyboard, Naman Industries, Archidply Decor, and Ecoboard Inds., have negative six-month returns.

What does W I Plywoods do?

Western India Plywoods Ltd is a micro-cap manufacturer of plywood and related products, established in 1945. As of March 2026, it reported net sales of 28 Cr and a net loss of 1 Cr, with a market cap of INR 126 Cr.

Overview: <BR>Western India Plywoods Ltd is a manufacturer of high-quality plywood and related products, operating in the plywood boards and laminates industry within the micro-cap market segment.<BR><BR>History: <BR>Established in 1945, Western India Plywoods Ltd began its operations with the manufacture of sawn timber and plywood. The latest financial results reported are for the quarter ending March 2026.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: 28 Cr (Quarterly Results - Mar 2026) <BR>Most recent Net Profit: -1 Cr (Quarterly Results - Mar 2026) <BR>Market-cap value: INR 126 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: 279.00 <BR>Industry P/E: 18 <BR>Dividend Yield: 0.81% <BR>Debt-Equity: 0.14 <BR>Return on Equity: 1.01% <BR>Price-to-Book: 2.81<BR><BR>Contact Details: <BR>Address: Mill Road, Baliapatam Kannur Kerala : 670010 <BR>Tel: 91-0497-2778151 (4 lines) <BR>Email: westernply@gmail.com/mail@wipltd.in <BR>Website: http://www.wipltd.in

Are Western India Plywoods Ltd latest results good or bad?

Western India Plywoods Ltd's latest results are concerning, showing a 1.93% revenue decline and a net loss of ₹0.91 crores, marking a 218.18% decrease year-on-year. The company's operating margin fell to -1.37%, indicating significant operational challenges and reduced promoter confidence.

The latest results for Western India Plywoods Ltd are concerning. In the fourth quarter of FY26, the company reported a revenue decline of 1.93% year-on-year, totaling ₹28.50 crores. More alarmingly, the company experienced a net loss of ₹0.91 crores, which represents a staggering 218.18% decrease compared to the previous year. This marks a significant operational downturn, as the operating margin fell to -1.37%, the lowest on record.<BR><BR>The decline in profitability is attributed to rising employee costs and a lack of positive operating profit, indicating serious operational challenges. Additionally, promoter holdings decreased by 2.31 percentage points to 37.06%, which may signal reduced confidence in the company's future prospects.<BR><BR>Overall, these results reflect a troubling trend for Western India Plywoods, prompting investors to reassess the company's viability in the current market environment.

How has been the historical performance of W I Plywoods?

W I Plywoods has shown steady growth in net sales and total assets from Mar'21 to Mar'25, but profitability metrics have fluctuated, with declines in operating profit and profit after tax. The company faces challenges in maintaining consistent profit levels despite rising expenditures.

Answer:<BR>The historical performance of W I Plywoods shows a fluctuating trend in key financial metrics over the years.<BR><BR>Breakdown:<BR>W I Plywoods has experienced a steady increase in net sales, rising from 85.03 Cr in Mar'21 to 116.02 Cr in Mar'25. Total operating income followed a similar trajectory, reaching 116.02 Cr in Mar'25, up from 99.73 Cr in Mar'22. However, the company's total expenditure has also increased, culminating at 109.47 Cr in Mar'25, which reflects rising raw material costs and other expenses. Operating profit (PBDIT) has shown variability, peaking at 8.11 Cr in Mar'23 before declining to 7.20 Cr in Mar'25. Profit before tax has fluctuated, with the highest at 5.07 Cr in Mar'23, but dropping to 4.15 Cr in Mar'25. Profit after tax has similarly decreased from 3.49 Cr in Mar'23 to 2.80 Cr in Mar'25. The company's total assets have increased to 79.69 Cr in Mar'25, while total liabilities also rose to 79.69 Cr, indicating a balance between growth in assets and liabilities. Cash flow from operating activities has shown a decline, with a net cash outflow of 2.00 Cr in Mar'24, down from a positive inflow in previous years. Overall, W I Plywoods has shown growth in sales and assets, but profitability metrics indicate challenges in maintaining consistent profit levels.

Is W I Plywoods overvalued or undervalued?

As of September 1, 2025, W I Plywoods is considered overvalued with a PE Ratio of 50.53 and an EV to EBITDA of 23.20, significantly higher than its peers, despite a strong historical return of 213.88% over three years and a low ROE of 6.18%.

As of 1 September 2025, W I Plywoods has moved from a fair to an expensive valuation grade. The company is currently overvalued based on its financial metrics. Key ratios include a PE Ratio of 50.53, an EV to EBITDA of 23.20, and a Price to Book Value of 3.33, which are significantly higher than those of its peers. For instance, Garware Hi Tech has a PE Ratio of 19.85 and an EV to EBITDA of 13.51, while AGI Greenpac boasts a much lower PE of 16.25 and an EV to EBITDA of 9.38, indicating that W I Plywoods is trading at a premium compared to its competitors.<BR><BR>Despite a strong historical performance with a 3-year return of 213.88%, the current valuation does not seem justified given the company's ROE of 6.18% and a dividend yield of only 0.67%. The recent stock performance has outpaced the Sensex in the short term, but the long-term outlook appears less favorable, reinforcing the conclusion that W I Plywoods is currently overvalued.

Who are the top shareholders of the W I Plywoods?

The top shareholders of W I Plywoods include promoter P K Rafia with 3.81% and public shareholder Yogesh Rasiklal Doshi with 4.84%. Individual investors hold a total of 37.15%, with no mutual funds or foreign institutional investors currently involved.

The top shareholders of W I Plywoods include P K Rafia, who is the promoter with the highest holding at 3.81%. The highest public shareholder is Yogesh Rasiklal Doshi, holding 4.84%. Additionally, individual investors collectively hold 37.15% of the company's shares. It's also noteworthy that there are no mutual funds or foreign institutional investors currently holding shares in the company.

What is the technical trend for W I Plywoods?

As of April 2, 2025, W I Plywoods is in a bearish trend with moderate strength, indicated by bearish signals from MACD, RSI, Bollinger Bands, moving averages, and KST, suggesting a negative outlook for the stock in the near term.

As of 2 April 2025, the technical trend for W I Plywoods has changed from sideways to bearish. The current stance is bearish with a moderate strength. Key indicators driving this include a bearish MACD on the weekly chart, a bearish RSI on the monthly chart, and bearish signals from both Bollinger Bands and moving averages on the daily timeframe. The KST is also bearish on the weekly and mildly bearish on the monthly, while the OBV indicates a mildly bearish trend. Overall, the combination of these indicators suggests a negative outlook for the stock in the near term.

When is the next results date for W I Plywoods?

No Upcoming Board Meetings

Has W I Plywoods declared dividend?

Yes, Western India Plywoods Ltd has declared a 12% dividend, amounting to ₹1.2 per share, with an ex-date of September 17, 2024. Despite recent price declines, the company has shown significant total returns over longer periods.

Western India Plywoods Ltd has declared a 12% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 12%<BR>- Amount per share: 1.2<BR>- Ex-date: 17 Sep 24<BR><BR>Dividend Yield: 0.79%.<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was -30.04%, the dividend return was 0%, resulting in a total return of -30.04%.<BR><BR>Over the past year, the price return was -6.45%, with a dividend return of 0.73%, leading to a total return of -5.72%.<BR><BR>In the 2-year period, the price return was 54.6%, the dividend return was 2.09%, culminating in a total return of 56.69%.<BR><BR>For the 3-year period, the price return was 188.77%, with a dividend return of 5.77%, resulting in a total return of 194.54%.<BR><BR>In the last 4 years, the price return was 128.26%, the dividend return was 5.53%, leading to a total return of 133.79%.<BR><BR>Over the past 5 years, the price return was 194.33%, with a dividend return of 7.60%, resulting in a total return of 201.93%.<BR><BR>Overall, Western India Plywoods Ltd has declared a dividend and has shown varying returns over different periods, with significant total returns in the longer term despite recent declines in price returns.