West Coast Paper Mills share price & results
- Jun 2026
- Sept 2026
One of India's oldest integrated pulp-to-paper makers, diversifying into optical fibre cables and plywood.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 638 | +14.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 23.0 | +9.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 109 | +165.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 6.51 | −5.3 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 0.44 | +9.1 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 7.84 | +14.0 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance +72.2% 1Y
1Y: ₹457.6 on 24 Oct 2025 → ₹787.8. High ₹940.45 (14 Oct 2026), low ₹381.3 (9 Mar 2026).
- Previous close
- ₹797.45
- Market cap
- ₹5.2k Cr
- 52-week range
- ₹381.3 – ₹940.45
- One year
- +73.31%
- Price to earnings (TTM to Jun 2026)
- 22.52×
- Return on equity (TTM to Jun 2026)
- 6.51%
Overview
- Symbol
- NSE:WSTCSTPAPR
- Sector
- Forest Materials
- Industry
- Commodities
- Exchange
- NSE
- Currency
- INR
What West Coast Paper Mills Limited does
Based on the company's own presentations, annual report and earnings calls.
West Coast Paper Mills is one of India's oldest and largest integrated pulp-to-paper manufacturers, running a single-location paper and paperboard complex at Dandeli, Karnataka that includes its own pulp mill and captive power plant. Its Wesco-branded portfolio spans writing and printing paper, business stationery, security paper and packaging boards, sold through a pan-India dealer and zonal-office network as well as export markets. The company has diversified into optical fibre cables and related products (FRP rod cables, glass roving) under the West Coast Optilinks brand from facilities in Mysuru and Hyderabad, and more recently into plywood through the 2024 acquisition of Uniply Décor Limited. It also holds a majority stake in listed subsidiary Andhra Paper Limited, extending its paper manufacturing footprint into Andhra Pradesh.
Segments
- Paper & Paperboard
- Cable Division (Optical Fibre Cables)
- Plywood
- Installed paper & paperboard capacity (Dandeli, Karnataka)
- 3,20,000 TPA
- Integrated pulp mill capacity
- 725 TPD
- Captive power plant capacity
- 74.8 MW
- Employee strength
- 4,000+
- Dealer network
- 70+ dealers across India; three-quarters have partnered with the company for over 15 years
- Zonal marketing offices
- 6, in major Indian cities
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +166% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 609 | 629 | 631 | 556 | 645 | 591 | 707 | 638 |
| Expenses | 519 | 575 | 567 | 479 | 574 | 534 | 597 | 491 |
| Operating profit | 90 | 54 | 64 | 77 | 70 | 57 | 110 | 147 |
| Operating margin | 15.0% | 9.0% | 10.0% | 14.0% | 11.0% | 10.0% | 16.0% | 23.0% |
| Other income | 53 | 54 | 25 | 18 | 27 | 16 | 8 | 24 |
| Interest | 4 | 5 | 6 | 5 | 5 | 6 | 6 | 5 |
| Depreciation | 27 | 29 | 30 | 30 | 33 | 34 | 36 | 29 |
| Profit before tax | 111 | 75 | 54 | 59 | 59 | 33 | 76 | 137 |
| Tax rate | 17.0% | 22.0% | 23.0% | 31.0% | 24.0% | 44.0% | 36.0% | 20.0% |
| Net profit | 92 | 58 | 41 | 41 | 45 | 19 | 49 | 109 |
| EPS (₹ per share) | 13.93 | 8.81 | 6.27 | 6.22 | 6.82 | 2.82 | 7.40 | 16.45 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 4,330 | 2,623 | 2,511 | 2,499 |
| Expenses | 2,918 | 1,968 | 2,162 | 2,184 |
| Operating profit | 1,412 | 656 | 349 | 314 |
| Other income | 61 | 97 | 149 | 69 |
| Interest | 34 | 19 | 20 | 22 |
| Depreciation | 171 | 110 | 112 | 133 |
| Profit before tax | 1,269 | 625 | 367 | 227 |
| Net profit | 932 | 476 | 284 | 154 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 13 | 13 | 13 | 13 | 13 | 13 |
| Reserves | 1,673 | 2,568 | 3,228 | 3,478 | 3,525 | 3,595 |
| Borrowings | 478 | 231 | 276 | 456 | 463 | 345 |
| Other liabilities | 1,094 | 1,361 | 1,600 | 1,565 | 1,574 | 1,502 |
| Total liabilities | 3,259 | 4,173 | 5,118 | 5,512 | 5,576 | 5,455 |
| Fixed assets | 1,757 | 1,659 | 1,882 | 2,126 | 2,220 | 2,182 |
| Capital work in progress | 22 | 55 | 210 | 172 | 113 | 290 |
| Investments | 472 | 1,310 | 1,730 | 1,604 | 1,754 | 1,492 |
| Other assets | 1,008 | 1,149 | 1,296 | 1,610 | 1,489 | 1,491 |
| Total assets | 3,259 | 4,173 | 5,118 | 5,512 | 5,576 | 5,455 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 239 | 382 | 695 | 454 | 157 | 298 |
| Cash from investing | -59 | -88 | -371 | -356 | -82 | -178 |
| Cash from financing | -177 | -299 | -311 | -100 | -66 | -126 |
| Net cash flow | 4 | -4 | 13 | -2 | 9 | -6 |
| Free cash flow | 187 | 360 | 648 | 273 | -25 | 218 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 34 | 25 | 24 | 27 | 35 | 33 |
| Inventory days | 122 | 88 | 95 | 128 | 132 | 131 |
| Days payable | 35 | 39 | 32 | 31 | 34 | 24 |
| Cash conversion cycle | 120 | 74 | 87 | 124 | 132 | 140 |
| Working capital days | -6 | 4 | 21 | 43 | 67 | 69 |
| Return on capital employed | 3.0% | 15.0% | 40.0% | 26.0% | 14.0% | 9.0% |
| Dividend payout | 322.0% | 18.0% | 11.0% | 11.0% | 12.0% | 13.0% |
Where revenue comes from
The businesses behind the company’s reported revenue.
Paper and Paper Board contributes 85.5% of reported segment revenue.
Quarter ended 30 Jun 2026 · Consolidated
- Paper and Paper Board 85.5%
₹899.06 crore
- Telecommunication Cables 14.5%
₹152.19 crore
- Others <0.1%
₹0.01 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| Paper and Paper Board | 899.06 | 85.5% |
| Telecommunication Cables | 152.19 | 14.5% |
| Others | 0.01 | <0.1% |
Share = segment revenue ÷ total segment revenue, before intersegment adjustments.
How these numbers add up
- Total segment revenue
- ₹1,051.26 crore
- Intersegment adjustment
- ₹0.00 crore
- Net segment revenue
- ₹1,051.26 crore
Intersegment transactions are between the company’s own businesses. Net segment revenue can differ from income-statement revenue because reporting definitions differ.
Source: FinEdge · Last checked 19 Sept 2026. Reported segment names are kept as supplied.
How the mix has moved
Telecommunication Cables grew from 6% to 14% of revenue over the last two years.
| Segment | Jun 2024 | Sep 2024 | Dec 2024 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Paper and Paper Board | 94% | 93% | 93% | 92% | 91% | 91% | 93% | 86% | +2.1% |
| Telecommunication Cables | 6% | 7% | 7% | 8% | 9% | 9% | 7% | 14% | +105.8% |
| Others | <1% | <1% | <1% | <1% | <1% | <1% | 0% | <1% | -64.3% |
Share of reported segment revenue by quarter, consolidated basis, as filed. A quarter the company did not report is left blank, never carried forward.
See how segments are shifting across companies → Segment Shift
Ownership
Who owns it
Promoters hold 56.96% as of Sept 2026; institutions added 1.07 pts since Jun 2026.
- Promoters 56.96%
- Foreign institutions 2.66%
- Domestic institutions 14.62%
- Public 25.78%
Who bought this quarter
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Mutual fund newly disclosed 2.06% held
- newly disclosed 0.38% held
The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Sep 2026 filing
Every holder of West Coast Paper Mills Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 16.27% | unchanged | |
| 15.84% | unchanged | |
| Mutual fund | 5.24% | unchanged |
| 4.23% | unchanged | |
| 3.65% | unchanged | |
| 3.57% | unchanged | |
| Mutual fund | 3.48% | unchanged |
| 3.36% | unchanged | |
| 3.00% | unchanged | |
| 2.50% | unchanged | |
| Mutual fund | 2.06% | newly disclosed |
| 1.70% | 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.
Mutual funds in WSTCSTPAPR
Filings to Sep 2026
1 new, 1 added, 0 trimmed, 0 sold out — net +0.10 L shares (+0.2%).
- Held by funds
- ₹409 Cr
- 7 schemes
- Biggest holder
- Nippon India Small Cap Fund
- ₹255 Cr · 0.3% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| Nippon India Small Cap Fund Nippon India Mutual Fund | ₹255 Cr | held | Sep '12 |
| Parag Parikh ELSS Tax Saver Fund PPFAS Mutual Fund | ₹70 Cr | held | Feb '26 |
| SBI Conservative Hybrid Fund SBI Mutual Fund | ₹43 Cr | +0.00 L | Aug '26 |
| HDFC Dividend Yield Fund HDFC Mutual Fund | ₹15 Cr | held | Dec '25 |
| SBI Long Term Advantage Fund - Series V SBI Mutual Fund | ₹14 Cr | held | Jun '26 |
| SBI Long Term Advantage Fund - Series VI SBI Mutual Fund | ₹12 Cr | held | Jun '26 |
| HDFC Retirement Fund - Hybrid-Debt Plan HDFC Mutual Fund | ₹1 Cr | new | Sep '26 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Sep 2026
1 added, 0 trimmed — net +10,035 shares (+0.2%)
- Funds are sitting on
- +209%
- vs est. average cost
- Held by funds
- ₹409 Cr
- 7 schemes · ≈ 8.4% of the company
- Biggest holder
- Nippon India Small Cap Fund
- ₹255 Cr · 0.3% of that fund
Shares held by these funds +66%
Oct '23 55.47 L shares Sep '26
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