W I Plywoods

Why is Western India Plywoods Ltd falling/rising?

As of 02-Sep, Western India Plywoods Ltd's stock price is rising by 0.58%, but it has underperformed recently with declines of 2.97% over the past week and 3.68% over the past month. Despite a year-to-date increase of 11.91% and rising promoter confidence, the company faces significant long-term growth challenges and an expensive valuation.

As of 02-Sep, Western India Plywoods Ltd's stock price is currently rising, as indicated by a change of 0.94 (0.58%) upward. Despite this positive movement today, the stock has underperformed in the short term, with a decline of 2.97% over the past week and 3.68% over the past month. However, it has shown a year-to-date increase of 11.91%, contrasting with a decline of 8.48% in the Sensex during the same period.<BR><BR>The stock's performance today is supported by rising promoter confidence, as promoters have increased their stake in the company by 0.82% over the previous quarter, now holding 37.88%. This increase in stake is generally interpreted as a sign of confidence in the company's future prospects.<BR><BR>On the downside, the stock faces challenges such as poor long-term growth, with operating profit declining at an annual rate of 10.01% over the last five years. Additionally, the company reported negative results in June, with a significant drop in profit before tax and the lowest return on capital employed recorded at 4.39%. Furthermore, the stock's valuation appears expensive relative to its returns, with a low return on capital employed and a high enterprise value to capital employed ratio.<BR><BR>In summary, while the stock is experiencing a rise in price today, it is important to consider the broader context of its recent performance and underlying financial challenges.

Which are the latest news on W I Plywoods?

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 details about their roles or contributions, feel free to ask!

What does W I Plywoods do?

Western India Plywoods Ltd manufactures high-quality plywood and related products, established in 1945. As of June 2026, it reported net sales of 26 Cr and a market cap of INR 142 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 quarterly results reported net sales and net profit for June 2026.<BR><BR>Financial Snapshot: <BR>- Net Sales: 26 Cr (Quarterly Results - Jun 2026) <BR>- Net Profit: 0 Cr (Quarterly Results - Jun 2026) <BR>- Market Cap: INR 142 Cr (Micro Cap) <BR><BR>Key Metrics: <BR>- P/E: N/A <BR>- Industry P/E: 18 <BR>- Dividend Yield: 0.71% <BR>- Debt-Equity: 0.14 <BR>- Return on Equity: 1.01% <BR>- Price to Book: 3.18 <BR><BR>Contact Details: <BR>Address: Mill Road, Baliapatam Kannur Kerala : 670010 <BR>Tel: 91-0497-2778151 (4 lines) <BR>Fax: 91-0497-2778181 <BR>Email: westernply@gmail.com/mail@wipltd.in <BR>Website: http://www.wipltd.in

Who are the peers of the W I Plywoods?

W I Plywoods' peers include Greenply Industries, Greenpanel Industries, Rushil Decor, Archidply Industries, Airo Lam, Sylvan Plyboard, Milton Industries, Ecoboard Industries, and Duroply Industries. W I Plywoods has the highest 1-year return at 5.77%, while Greenpanel Industries has the lowest at -42.10%.

Peers: The peers of W I Plywoods are Greenply Industr, Greenpanel Inds., Rushil Decor, Archidply Inds., Airo Lam, Sylvan Plyboard, Milton Industri., Ecoboard Inds., and Duroply Indust.<BR><BR>Quality Snapshot: Excellent management risk is observed at Greenpanel Inds., while Average management risk is found at Greenply Industr, Rushil Decor, Sylvan Plyboard, Milton Industri., and W I Plywoods. Below Average management risk is noted at Archidply Inds., Airo Lam, Ecoboard Inds., and Duroply Indust. Growth is Excellent at Greenpanel Inds., Below Average at Greenply Industr, W I Plywoods, Rushil Decor, Airo Lam, Sylvan Plyboard, Milton Industri., Ecoboard Inds., and Duroply Indust., and Average at Archidply Inds. Capital Structure is Excellent at Greenpanel Inds., Average at Greenply Industr, W I Plywoods, and Below Average at Rushil Decor, Archidply Inds., Airo Lam, Sylvan Plyboard, Milton Industri., Ecoboard Inds., and Duroply Indust.<BR><BR>Return Snapshot: The peer with the highest 1-year return is W I Plywoods at 5.77%, while the lowest is Greenpanel Inds. at -42.10%. W I Plywoods' return is significantly higher than that of Greenpanel Inds. Additionally, the six-month return is negative for Airo Lam, Ecoboard Inds., and Duroply Indust.

How big is W I Plywoods?

As of 31st August, Western India Plywoods Ltd has a market capitalization of 142.00 Cr and reported Net Sales of 116.36 Cr with a Net Profit loss of 0.19 Cr over the latest four quarters. Shareholder's Funds are 45.33 Cr and Total Assets are 79.69 Cr as of March 2025.

As of 31st August, Western India Plywoods Ltd has a market capitalization of 142.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, the company reported Net Sales of 116.36 Cr. However, it experienced a loss of 0.19 Cr in Net Profit during the same period.<BR><BR>The latest annual period for the balance sheet is March 2025. Shareholder's Funds are recorded at 45.33 Cr, while Total Assets amount to 79.69 Cr.

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

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.