526586

Wim Plast financials

Market cap
₹402 Cr
Sector
Consumer Durables

What Wim Plast does

Wim Plast Limited manufactures plastic furniture and allied plastic products, along with industrial moulds, at five plants located in Daman, Baddi, Chennai, Haridwar and Kolkata. Its wholly-owned subsidiary, Wim Plast Moulding Private Limited, manufactures consumer products. The company is part of the Cello World group of companies (corporate office named 'Cello House', Mumbai; group email domain celloworld.com). Under a Composite Scheme of Arrangement approved by its Board (Appointed Date 1st April 2025), the company's manufacturing business is being demerged into group entity Cello Consumer Products Private Limited, with Wim Plast thereafter to amalgamate into listed parent Cello World Limited.

Segments

  • Plastic, furniture & allied products
  • Moulds
Manufacturing plants
5 (Daman, Baddi, Chennai, Haridwar, Kolkata)
Permanent employees
430 (including workers), as of 31 Mar 2025
Business segments
2 (Plastic, furniture & allied products; Moulds)
Wholly-owned subsidiaries
1 (Wim Plast Moulding Private Limited — consumer products manufacturing)
Founded 1988Headquarters Goregaon (East), Mumbai, MaharashtraEmployees 430 (FY25) Company website

Quarterly results

Q3 FY26: revenue down 10.8%, net profit up 0.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26
Revenue98 90 78 93 106 +8%90 +0%84 +8%83 −11%
EBITDA18 17 12 15 19 +6%13 −24%13 +8%12 −20%
Net profit16 15 19 13 18 +13%17 +13%12 −37%13 +0%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −38.3% 1Y

₹350₹400₹450₹500₹550Jun 25Jul 25Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26

1Y: ₹541.2 on 6 Jun 2025 → ₹334.15. High ₹541.95 (10 Jun 2025), low ₹323.75 (2 Jun 2026).

Financials, as filed

Revenue grew 5.5% a year over 2 years, FY23 to FY25. Operating margin held at 17.2%.

Year endingFY23FY24FY25
Revenue₹330 Cr₹343 Cr₹367 Cr
Operating profit₹58 Cr₹61 Cr₹63 Cr
Operating margin17.6%17.8%17.2%
Interest₹0 Cr₹0 Cr₹0 Cr
Depreciation₹15 Cr₹12 Cr₹12 Cr
Net profit₹41 Cr₹56 Cr₹65 Cr
Net margin12.4%16.3%17.7%
Cash from operations₹65 Cr₹48 Cr₹56 Cr
Free cash flow₹60 Cr₹57 Cr₹69 Cr
ROCE13.0%15.0%15.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY20FY21FY22FY23FY24FY25
Equity capital₹12 Cr₹12 Cr₹12 Cr₹12 Cr₹12 Cr₹12 Cr
Reserves₹339 Cr₹371 Cr₹401 Cr₹432 Cr₹478 Cr₹548 Cr
Borrowings₹0 Cr₹0 Cr₹1 Cr₹0 Cr₹0 Cr₹0 Cr
Other liabilities₹33 Cr₹39 Cr₹29 Cr₹43 Cr₹40 Cr₹32 Cr
Total liabilities₹384 Cr₹422 Cr₹442 Cr₹486 Cr₹530 Cr₹592 Cr
Fixed assets₹128 Cr₹117 Cr₹102 Cr₹77 Cr₹75 Cr₹56 Cr
Capital work in progress₹1 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Investments₹80 Cr₹120 Cr₹150 Cr₹156 Cr₹170 Cr₹345 Cr
Other assets₹175 Cr₹185 Cr₹190 Cr₹254 Cr₹285 Cr₹191 Cr
Total assets₹384 Cr₹422 Cr₹442 Cr₹486 Cr₹530 Cr₹592 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Mar 2026

The ownership split has held steady since Mar 2025. The shareholder count grew 14% to 11,504.

Promoters
56.0%
DIIs
3.8%
Public
40.2%

Since Mar 2025

  • Promoters 0.00 pp
  • FIIs 0.00 pp
  • DIIs 0.00 pp

How it drifted, 12 quarters

Jun '23Sep '24Mar '26

Ownership split by quarter, oldest first. Jun '23: Promoters 56.0%, DIIs 3.8%, Public 40.2%.Sep '23: Promoters 56.0%, DIIs 3.8%, Public 40.2%.Dec '23: Promoters 56.0%, DIIs 3.8%, Public 40.2%.Mar '24: Promoters 56.0%, DIIs 3.8%, Public 40.2%.Jun '24: Promoters 56.0%, DIIs 3.8%, Public 40.2%.Sep '24: Promoters 56.0%, DIIs 3.8%, Public 40.2%.Dec '24: Promoters 56.0%, DIIs 3.8%, Public 40.2%.Mar '25: Promoters 56.0%, DIIs 3.8%, Public 40.2%.Jun '25: Promoters 56.0%, DIIs 3.8%, Public 40.2%.Sep '25: Promoters 56.0%, DIIs 3.8%, Public 40.2%.Dec '25: Promoters 56.0%, DIIs 3.8%, Public 40.2%.Mar '26: Promoters 56.0%, DIIs 3.8%, Public 40.2%.

Who was buying across the market this quarter →

Who is on the register

Named in the Mar 2026 filing

Every holder of Wim Plast above SEBI's 1% disclosure line, and what changed since Dec 2025.

HolderStakeChange
Cello World Limited 54.92%unchanged
HSBC Small Cap Fund Mutual fund3.81%unchanged
Jayesh Ashoak Shah 3.25%unchanged
Seetha Kumari 2.65%unchanged
Fatehchand Mulchand Shah 1.92%−0.65 pp
Ramesh Damani 1.00%unchanged
Pradeep Ghisulal Rathod (Huf) 0.33%unchanged
Pankaj Ghisulal Rathod (Huf) 0.33%unchanged
Pradeep Ghisulal Rathod 0.14%unchanged
Pankaj Ghisulal Rathod 0.13%unchanged
Pampuben Ghisulal Rathod 0.02%unchanged
Cello Household Products Private Limited 0.00%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

What the price assumes

Attractive

To justify its price of ₹334, this stock must grow earnings at -2% every year for 7 years. Our analysis caps realistic growth at ~26%. At that growth it is worth ₹1494 — upside of 347%.

Growth the price implies
-2.5% a year
for 7 years, fading to 4%
It has actually compounded at
25.9% a year
net profit, FY23–FY25 · EPS 25.8%
The gap
-0.3 pp
347% downside if it only repeats history
Price today ₹334.15 Value at the reference growth ₹1,494.27

Change the assumptions yourself →

Learn to analyse Wim Plast

Guides on how to read this kind of business and the numbers that matter.