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Last Updated: April 2, 2026, 2:30 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 500444 | NSE: WSTCSTPAPR

West Coast Paper Mills Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹831.45Undervalued by 91.58%vs CMP ₹434.00

P/E (20.2) × ROE (9.5%) × BV (₹536.00) × DY (1.15%)

₹548.29Undervalued by 26.33%vs CMP ₹434.00
MoS: +20.8% (Adequate)Confidence: 53/100 (Moderate)Models: 6 Under, 3 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹713.3423%Under (+64.4%)
Graham NumberEarnings₹510.5116%Under (+17.6%)
Earnings PowerEarnings₹887.0211%Under (+104.4%)
DCFCash Flow₹150.3314%Over (-65.4%)
Net Asset ValueAssets₹533.717%Under (+23%)
EV/EBITDAEnterprise₹990.649%Under (+128.3%)
Earnings YieldEarnings₹216.107%Over (-50.2%)
ROCE CapitalReturns₹101.107%Over (-76.7%)
Revenue MultipleRevenue₹612.765%Under (+41.2%)
Consensus (9 models)₹548.29100%Undervalued
Key Drivers: Wide model spread (₹101–₹991) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -14.2%

*Investments are subject to market risks

Investment Snapshot

47
West Coast Paper Mills Ltd scores 47/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health57/100 · Moderate
ROCE 11.5% AverageROE 9.5% AverageD/E 0.36 ModerateInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money65/100 · Strong
FII holding stable No changeDII holding up 2.83% MF buyingPromoter holding at 56.6% Stable
Earnings Quality40/100 · Moderate
OPM contracting (26% → 19%) Declining
Quarterly Momentum30/100 · Weak
Revenue (4Q): -2% YoY FlatProfit (4Q): -64% YoY DecliningOPM: 7.0% (down 7.0% YoY) Margin pressure
Industry Rank50/100 · Moderate
P/E 20.2 vs industry 25.3 In-lineROCE 11.5% vs industry 9.3% Above peersROE 9.5% vs industry 134.8% Below peers3Y sales CAGR: 6% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:30 am

Market Cap 2,877 Cr.
Current Price 434
Intrinsic Value₹548.29
High / Low 583/375
Stock P/E20.2
Book Value 536
Dividend Yield1.15 %
ROCE11.5 %
ROE9.49 %
Face Value 2.00
PEG Ratio-1.42

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

View Share Price Target for West Coast Paper Mills Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
West Coast Paper Mills Ltd 2,877 Cr. 434 583/37520.2 5361.15 %11.5 %9.49 % 2.00
Seshasayee Paper & Boards Ltd (SESHAPAPER) 1,604 Cr. 254 324/21219.2 3200.98 %7.04 %5.60 % 2.00
Pudumjee Paper Products Ltd 673 Cr. 70.9 148/63.17.26 66.50.85 %22.4 %16.7 % 1.00
Kuantum Papers Ltd 603 Cr. 69.1 135/65.011.2 1384.34 %11.4 %10.1 % 1.00
Fundamental Analysis of Ruchira Papers Ltd 400 Cr. 134164/91.15.85 1383.76 %24.0 %19.7 % 10.0
Industry Average694.36 Cr69.4125.25107.280.86%9.32%134.80%6.50

All Competitor Stocks of West Coast Paper Mills Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 1,2101,2391,3571,1391,1941,0451,0709601,0451,0161,0419551,043
Expenses 843778865744884828900785903933961844975
Operating Profit 367461493395310218170176142838111068
OPM % 30%37%36%35%26%21%16%18%14%8%8%12%7%
Other Income 17241035354159425469454523
Interest 7141076667810131110
Depreciation 47484844464649475353575862
Profit before tax 33142344437929420717416313589568619
Tax % 26%26%28%27%26%23%25%26%26%24%18%30%37%
Net Profit 24631132127821915913012210167466012
EPS in Rs 32.5039.9342.1237.1728.8820.5818.1417.2413.499.726.668.232.65

Last Updated: January 2, 2026, 6:02 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 18, 2026, 11:51 am

MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1,7101,9792,4932,2453,3784,9214,4484,0624,089
Expenses 1,3481,4681,8751,9832,7403,2743,3533,5693,753
Operating Profit 3625116182616381,6471,095493336
OPM % 21%26%25%12%19%33%25%12%8%
Other Income 182052125458167198157
Interest 422975705937243844
Depreciation 116176198229213189185210240
Profit before tax 222326397-264201,4781,053444209
Tax % -0%9%-2%-83%18%26%25%24%
Net Profit 223296406-43461,087786336148
EPS in Rs 33.7944.8256.08-0.4746.49142.62104.7747.1121.61
Dividend Payout % 12%11%9%-213%13%7%8%11%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)32.74%37.16%-100.99%8750.00%214.16%-27.69%-57.25%
Change in YoY Net Profit Growth (%)0.00%4.43%-138.15%8850.99%-8535.84%-241.85%-29.56%

West Coast Paper Mills Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 7 years from 2018-2019 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:10%
3 Years:6%
TTM:-5%
Compounded Profit Growth
10 Years:%
5 Years:-3%
3 Years:1%
TTM:-55%
Stock Price CAGR
10 Years:25%
5 Years:22%
3 Years:-6%
1 Year:-15%
Return on Equity
10 Years:%
5 Years:20%
3 Years:23%
Last Year:9%

Last Updated: September 4, 2025, 9:25 pm

Balance Sheet

Last Updated: December 4, 2025, 12:51 am

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 131313131313131313
Reserves 8261,0901,3751,3761,6732,5683,2283,4783,525
Borrowings 315361753662478231276456463
Other Liabilities 4364551,0431,0181,0941,3611,6001,5651,574
Total Liabilities 1,5901,9203,1843,0693,2594,1735,1185,5125,576
Fixed Assets 1,0359912,0181,8731,7571,6591,8822,1262,220
CWIP 33757342255210172113
Investments 1223452204721,3101,7301,6041,754
Other Assets 5516691,0659421,0081,1491,2961,6101,489
Total Assets 1,5901,9203,1843,0693,2594,1735,1185,5125,576

Reserves and Borrowings Chart

Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 3263946493385911,23876499
Cash from Investing Activity + -139-382-858-166-289-894-714-172
Cash from Financing Activity + -194-12218-167-295-334-6172
Net Cash Flow -6-195710-11-0
Free Cash Flow 1802255362655281,077240-350
CFO/OP 104%89%113%129%108%95%93%38%

Free Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow47.00150.00-135.00-401.00160.00-230.00-275.0037.00

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

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 2530213326252131
Inventory Days 1371591671288588117130
Days Payable 8167636459545650
Cash Conversion Cycle 8212312498525881112
Working Capital Days 241818711132450
ROCE %27%24%2%20%53%29%11%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 56.53%56.53%56.53%56.53%56.53%56.53%56.53%56.53%56.55%56.55%56.55%56.55%
FIIs 7.04%7.38%7.80%7.98%8.19%7.40%6.17%5.30%4.20%3.77%3.31%3.26%
DIIs 7.57%7.18%6.77%6.62%7.13%7.19%8.19%9.35%9.82%11.74%12.61%12.65%
Public 28.87%28.92%28.90%28.88%28.15%28.87%29.12%28.82%29.43%27.95%27.55%27.54%
No. of Shareholders 42,60352,02957,70657,19360,84053,67355,84855,05854,37552,31250,83949,345

Shareholding Pattern Chart

No. of Shareholders

West Coast Paper Mills Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Small Cap Fund 3,359,187 0.2 134.693,348,3102025-12-08 00:28:090.32%
DSP Small Cap Fund 2,300,000 0.57 92.22N/AN/AN/A
HDFC Manufacturing Fund 838,066 0.33 33.6829,3632026-02-23 00:27:301.05%
Tata Resources & Energy Fund 459,794 1.52 18.44342,4842025-12-15 02:29:4934.25%
ICICI Prudential Multi Asset Fund 308,534 0.02 12.37221,9622026-02-22 02:17:3539%
HDFC Dividend Yield Fund 200,000 0.14 8.02N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) 47.11104.77142.6246.49-0.47
Diluted EPS (Rs.) 47.11104.77142.6246.49-0.47
Cash EPS (Rs.) 82.59147.04193.2684.5434.06
Book Value[Excl.RevalReserv]/Share (Rs.) 528.61490.80463.99308.11258.09
Book Value[Incl.RevalReserv]/Share (Rs.) 528.61490.80463.99308.11258.09
Revenue From Operations / Share (Rs.) 615.04673.39745.02511.39339.83
PBDIT / Share (Rs.) 104.71191.11260.38104.7141.98
PBIT / Share (Rs.) 72.93163.09231.6972.547.26
PBT / Share (Rs.) 67.15159.47223.7563.65-3.96
Net Profit / Share (Rs.) 50.82119.02164.5852.37-0.66
NP After MI And SOA / Share (Rs.) 47.11104.77142.6246.49-0.46
PBDIT Margin (%) 17.0228.3834.9420.4712.35
PBIT Margin (%) 11.8524.2131.0914.182.13
PBT Margin (%) 10.9123.6830.0312.44-1.16
Net Profit Margin (%) 8.2617.6722.0910.24-0.19
NP After MI And SOA Margin (%) 7.6515.5519.149.09-0.13
Return on Networth / Equity (%) 8.9121.3436.5018.20-0.22
Return on Capital Employeed (%) 10.4325.2945.0018.752.01
Return On Assets (%) 5.6413.5222.519.18-0.09
Long Term Debt / Equity (X) 0.060.040.020.130.29
Total Debt / Equity (X) 0.120.070.070.260.36
Asset Turnover Ratio (%) 0.760.950.930.720.49
Current Ratio (X) 3.002.932.651.631.33
Quick Ratio (X) 2.032.142.021.130.78
Inventory Turnover Ratio (X) 5.237.583.463.001.75
Dividend Payout Ratio (NP) (%) 16.989.544.202.150.00
Dividend Payout Ratio (CP) (%) 10.147.533.501.270.00
Earning Retention Ratio (%) 83.0290.4695.8097.850.00
Cash Earning Retention Ratio (%) 89.8692.4796.5098.730.00
Interest Coverage Ratio (X) 18.1152.8246.3911.783.96
Interest Coverage Ratio (Post Tax) (X) 9.7933.8930.746.890.99
Enterprise Value (Cr.) 3679.434691.174111.052941.592324.01
EV / Net Operating Revenue (X) 0.901.050.830.871.04
EV / EBITDA (X) 5.323.722.394.258.38
MarketCap / Net Operating Revenue (X) 0.660.880.710.650.70
Retention Ratios (%) 83.0190.4595.7997.840.00
Price / BV (X) 0.771.211.361.311.14
Price / Net Operating Revenue (X) 0.660.880.710.650.70
EarningsYield 0.110.170.260.130.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

West Coast Paper Mills Ltd. is a Public Limited Listed company incorporated on 25/03/1955 and has its registered office in the State of Karnataka, India. Company's Corporate Identification Number(CIN) is L02101KA1955PLC001936 and registration number is 001936. Currently Company is involved in the business activities of Manufacture of pulp, paper and paperboard, Manufacture of fibre optic cables for data transmission or live transmission of images. Company's Total Operating Revenue is Rs. 2511.35 Cr. and Equity Capital is Rs. 13.21 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Paper & Paper ProductsBangur Nagar, Uttar Kannada Dist. Karnataka 581325Contact not found
Management
NamePosition Held
Mr. S K BangurChairman & Managing Director
Mr. Saurabh BangurVice Chairman
Mr. Virendraa BangurJoint Managing Director
Mr. Rajendra JainExecutive Director
Mrs. Shashi BangurDirector
Mr. Ashok Kumar GargDirector
Mr. Vinod Balmukand AgarwalDirector
Mrs. Sudha BhushanDirector
Mr. Shiv Ratan GoenkaDirector
Mr. Prakash KacholiaDirector

FAQ

What is the intrinsic value of West Coast Paper Mills Ltd and is it undervalued?

As of 12 April 2026, West Coast Paper Mills Ltd's intrinsic value is ₹548.29, which is 26.33% higher than the current market price of ₹434.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (9.49 %), book value (₹536), dividend yield (1.15 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of West Coast Paper Mills Ltd?

West Coast Paper Mills Ltd is trading at ₹434.00 as of 12 April 2026, with a FY2026-2027 high of ₹583 and low of ₹375. The stock is currently in the middle of its 52-week range. Market cap stands at ₹2,877 Cr..

How does West Coast Paper Mills Ltd's P/E ratio compare to its industry?

West Coast Paper Mills Ltd has a P/E ratio of 20.2, which is below the industry average of 25.25. This is broadly in line with or below the industry average.

Is West Coast Paper Mills Ltd financially healthy?

Key indicators for West Coast Paper Mills Ltd: ROCE of 11.5 % is moderate. Dividend yield is 1.15 %.

Is West Coast Paper Mills Ltd profitable and how is the profit trend?

West Coast Paper Mills Ltd reported a net profit of ₹336 Cr in Mar 2025 on revenue of ₹4,062 Cr. Compared to ₹346 Cr in Mar 2022, the net profit shows a declining trend.

Does West Coast Paper Mills Ltd pay dividends?

West Coast Paper Mills Ltd has a dividend yield of 1.15 % at the current price of ₹434.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in West Coast Paper Mills Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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