Western India Plywoods Ltd (WIPL): Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 1:42 am

Market Cap	213 Cr.
Current Price	251
High / Low	270/145
Stock P/E	71.6
Book Value	51.2
Dividend Yield	0.48 %
ROCE	10.3 %
ROE	8.00 %
Face Value	10.0
PEG Ratio	1.90

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

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Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Diksha Greens Ltd	4.90 Cr.	4.97	6.40/2.42		30.6	0.00 %	%	%	10.0
Dhabriya Polywood Ltd	407 Cr.	376	520/220	25.1	84.2	0.13 %	18.9 %	18.6 %	10.0
Bloom Dekor Ltd	8.88 Cr.	13.0	16.3/8.90		8.60	0.00 %	18.0 %	%	10.0
Western India Plywoods Ltd (WIPL)	213 Cr.	251	270/145	71.6	51.2	0.48 %	10.3 %	8.00 %	10.0
Priti International Ltd	193 Cr.	144	260/122	27.9	52.1	0.00 %	23.0 %	16.9 %	10.0
Industry Average	271.00 Cr	138.63		37.33	42.37	0.10%	16.08%	12.66%	10.00

All Competitor Stocks of

Quarterly Result

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Sales	19.46	26.72	26.60	26.95	24.68	28.76	29.15	25.27	23.64	28.31	31.79	25.30	24.99
Expenses	19.53	25.36	24.99	25.63	22.99	27.11	26.82	23.53	22.52	26.30	28.43	24.79	24.20
Operating Profit	-0.07	1.36	1.61	1.32	1.69	1.65	2.33	1.74	1.12	2.01	3.36	0.51	0.79
OPM %	-0.36%	5.09%	6.05%	4.90%	6.85%	5.74%	7.99%	6.89%	4.74%	7.10%	10.57%	2.02%	3.16%
Other Income	0.06	0.07	0.10	0.09	0.23	0.26	0.16	0.05	0.12	0.23	0.06	0.14	0.14
Interest	0.35	0.32	0.30	0.34	0.31	0.34	0.44	0.31	0.26	0.34	0.31	0.27	0.26
Depreciation	0.69	0.70	0.49	0.59	0.40	0.41	0.43	0.40	0.33	0.35	0.37	0.39	0.41
Profit before tax	-1.05	0.41	0.92	0.48	1.21	1.16	1.62	1.08	0.65	1.55	2.74	-0.01	0.26
Tax %	-19.05%	41.46%	40.22%	45.83%	28.93%	34.48%	36.42%	22.22%	32.31%	28.39%	29.93%	800.00%	42.31%
Net Profit	-0.85	0.24	0.55	0.26	0.86	0.76	1.03	0.84	0.44	1.11	1.92	-0.09	0.15
EPS in Rs	-0.93	0.35	0.65	0.31	1.01	0.90	1.21	1.00	0.61	1.31	2.26	-0.11	0.18

Last Updated: October 17, 2024, 5:38 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: October 17, 2024, 5:39 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	89	95	96	89	86	92	101	97	85	100	108	109	110
Expenses	79	85	86	80	82	90	94	91	81	95	100	102	104
Operating Profit	10	10	11	9	3	2	7	6	4	4	7	7	7
OPM %	11%	10%	11%	10%	4%	2%	7%	6%	4%	4%	7%	7%	6%
Other Income	1	0	0	0	4	4	1	1	0	0	1	1	1
Interest	4	4	4	3	4	4	3	2	2	1	1	1	1
Depreciation	5	5	2	2	2	2	2	2	3	2	2	1	2
Profit before tax	1	0	5	3	1	-0	2	2	-0	1	5	5	5
Tax %	78%	-138%	33%	28%	91%	-8,600%	46%	34%	71%	73%	31%	31%
Net Profit	0	1	3	2	0	1	1	1	-1	0	3	3	3
EPS in Rs	0.57	1.34	3.84	2.47	0.29	1.04	1.45	1.47	-0.31	0.57	4.31	3.98	3.64
Dividend Payout %	106%	45%	18%	28%	0%	0%	62%	0%	-261%	142%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2018-2019	2019-2020	2020-2021	2021-2022	2023-2024
YoY Net Profit Growth (%)	200.00%	-33.33%	-100.00%	0.00%	0.00%	-200.00%	100.00%	0.00%
Change in YoY Net Profit Growth (%)	0.00%	-233.33%	-66.67%	100.00%	0.00%	-200.00%	300.00%	-100.00%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 8 years from 2014-2015 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	1%
5 Years:	1%
3 Years:	9%
TTM:	6%

Compounded Profit Growth
10 Years:	13%
5 Years:	27%
3 Years:	143%
TTM:	-13%

Stock Price CAGR
10 Years:	%
5 Years:	36%
3 Years:	71%
1 Year:	53%

Return on Equity
10 Years:	3%
5 Years:	4%
3 Years:	6%
Last Year:	8%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 6:42 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	8	8	8	8	8	8	8	8	8	8	8	8	8
Reserves	25	25	27	28	29	29	31	31	31	30	33	35	35
Borrowings	41	39	33	34	31	31	27	22	17	18	17	19	16
Other Liabilities	23	18	22	17	22	15	15	13	13	10	11	13	17
Total Liabilities	97	90	91	88	90	84	81	74	68	66	70	76	77
Fixed Assets	30	26	24	23	24	23	23	21	21	20	20	23	27
CWIP	0	0	0	3	1	1	0	0	0	1	3	4	0
Investments	0	0	0	0	0	1	1	0	1	1	1	1	1
Other Assets	67	63	67	62	65	59	58	52	46	45	46	48	49
Total Assets	97	90	91	88	90	84	81	74	68	66	70	76	77

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	5	4	8	12	5	4	7	7	10	2	15	3
Cash from Investing Activity +	-3	-2	-0	-4	-1	2	-0	-0	-2	-1	-3	-5
Cash from Financing Activity +	-1	-7	-7	-7	-4	-5	-7	-8	-7	-1	-2	-0
Net Cash Flow	1	-5	0	1	0	0	-0	-2	1	0	10	-3

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-31.00	-29.00	-22.00	-25.00	-28.00	-29.00	-20.00	-16.00	-13.00	-14.00	-10.00	-12.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	65	56	67	60	62	55	59	64	72	71	45	59
Inventory Days	358	351	372	373	387	295	253	254	204	150	123	117
Days Payable	75	58	64	63	70	50	48	49	56	37	27	40
Cash Conversion Cycle	348	349	375	369	379	300	264	269	220	185	141	136
Working Capital Days	141	156	159	157	159	147	134	132	130	113	74	80
ROCE %	8%	6%	12%	10%	3%	4%	7%	6%	2%	4%	11%	10%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters	41.01%	40.96%	40.96%	40.96%	40.98%	40.98%	41.01%	41.01%	41.00%	40.79%	40.79%	40.79%
DIIs	6.12%	6.12%	6.12%	5.13%	4.49%	4.22%	3.51%	3.50%	3.08%	3.08%	3.08%	2.67%
Public	52.87%	52.91%	52.92%	53.91%	54.53%	54.80%	55.49%	55.49%	55.92%	56.13%	56.13%	56.55%
No. of Shareholders	1,785	1,821	1,829	1,896	2,126	2,090	2,036	1,927	1,939	2,010	2,252	2,524

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	3.98	4.31	0.56	-0.31	1.47
Diluted EPS (Rs.)	3.98	4.31	0.56	-0.31	1.47
Cash EPS (Rs.)	5.69	6.05	3.16	2.38	4.26
Book Value[Excl.RevalReserv]/Share (Rs.)	50.86	48.48	45.26	46.37	47.13
Book Value[Incl.RevalReserv]/Share (Rs.)	50.86	48.48	45.26	46.37	47.13
Revenue From Operations / Share (Rs.)	128.48	127.09	117.51	100.19	114.46
PBDIT / Share (Rs.)	8.91	9.56	5.36	4.61	7.59
PBIT / Share (Rs.)	7.21	7.62	2.45	1.41	4.71
PBT / Share (Rs.)	5.82	5.97	0.90	-0.48	2.09
Net Profit / Share (Rs.)	3.99	4.11	0.24	-0.82	1.39
NP After MI And SOA / Share (Rs.)	3.98	4.31	0.56	-0.31	1.48
PBDIT Margin (%)	6.93	7.51	4.56	4.60	6.63
PBIT Margin (%)	5.61	5.99	2.08	1.40	4.11
PBT Margin (%)	4.52	4.70	0.76	-0.48	1.82
Net Profit Margin (%)	3.10	3.23	0.20	-0.81	1.21
NP After MI And SOA Margin (%)	3.09	3.39	0.47	-0.31	1.29
Return on Networth / Equity (%)	7.80	8.88	1.24	-0.67	3.19
Return on Capital Employeed (%)	10.89	12.05	3.91	2.17	7.03
Return On Assets (%)	4.46	5.23	0.71	-0.38	1.68
Long Term Debt / Equity (X)	0.25	0.26	0.35	0.36	0.38
Total Debt / Equity (X)	0.43	0.41	0.45	0.39	0.50
Asset Turnover Ratio (%)	1.50	1.58	1.40	1.13	1.16
Current Ratio (X)	2.37	2.80	3.32	3.41	2.91
Quick Ratio (X)	1.68	1.90	2.06	1.91	1.40
Inventory Turnover Ratio (X)	2.82	2.49	2.06	1.32	1.24
Dividend Payout Ratio (NP) (%)	25.12	0.00	142.37	0.00	73.38
Dividend Payout Ratio (CP) (%)	17.59	0.00	23.01	0.00	24.89
Earning Retention Ratio (%)	74.88	0.00	-42.37	0.00	26.62
Cash Earning Retention Ratio (%)	82.41	0.00	76.99	0.00	75.11
Interest Coverage Ratio (X)	6.39	5.80	3.47	2.43	2.90
Interest Coverage Ratio (Post Tax) (X)	3.86	3.50	1.16	0.56	1.53
Enterprise Value (Cr.)	137.98	76.35	62.91	62.81	53.79
EV / Net Operating Revenue (X)	1.27	0.70	0.63	0.73	0.55
EV / EBITDA (X)	18.24	9.41	13.82	16.05	8.35
MarketCap / Net Operating Revenue (X)	1.19	0.67	0.49	0.59	0.37
Retention Ratios (%)	74.87	0.00	-42.37	0.00	26.61
Price / BV (X)	3.00	1.76	1.28	1.30	0.93
Price / Net Operating Revenue (X)	1.19	0.67	0.49	0.59	0.37
EarningsYield	0.02	0.05	0.01	-0.01	0.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 21, 2024 is: 294.68

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 21, 2024, is Undervalued by 17.40% compared to the current share price 251.00

Intrinsic Value of as of December 21, 2024 is: 405.76

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 21, 2024, is Undervalued by 61.66% compared to the current share price 251.00

Last 5 Year EPS CAGR: 37.70%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has higher reserves (29.92 cr) compared to borrowings (26.54 cr), indicating strong financial stability. The company has shown consistent growth in sales (96.69 cr) and profit (2.31 cr) over the years.	The stock has a low average ROCE of 6.92%, which may not be favorable. The stock has a high average Working Capital Days of 131.83, which may not be favorable. The stock has a high average Cash Conversion Cycle of 277.92, which may not be favorable.

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in :
1. Net Profit Margin: 3.1%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 10.89% (Industry Average ROCE: 13.4%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 7.8% (Industry Average ROE: 8.44%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 3.86
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 1.68
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 71.6 (Industry average Stock P/E: 24.88)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.43
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

No data availabale for About the Company

INDUSTRY	ADDRESS	CONTACT
Industry not found	Address not found	Contact not found

Management Data not Available

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 21 December 2024 is ₹294.68, which is 17.40% higher than the current market price of ₹251.00. The stock has a market capitalization of 213 Cr. and recorded a high/low of 270/145 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹35 Cr and total liabilities of ₹77 Cr.

What is the Market Cap of ?

The Market Cap of is 213 Cr..

What is the current Stock Price of as on 21 December 2024?

The current stock price of as on 21 December 2024 is 251.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 270/145.

What is the Stock P/E of ?

The Stock P/E of is 71.6.

What is the Book Value of ?

The Book Value of is 51.2.

What is the Dividend Yield of ?

The Dividend Yield of is 0.48 %.

What is the ROCE of ?

The ROCE of is 10.3 %.

What is the ROE of ?

The ROE of is 8.00 %.

What is the Face Value of ?

The Face Value of is 10.0.